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First Trust Large Cap Value AlphaDEX Fund

117 hedge funds and large institutions have $687M invested in First Trust Large Cap Value AlphaDEX Fund in 2018 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 44 increasing their positions, 44 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 18 | Existing positions closed: 10

67% more funds holding in top 10

Funds holding in top 10: 35 (+2)

6% more funds holding

Funds holding: 110117 (+7)

0% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 44

6.32% less ownership

Funds ownership: 72.86%66.54% (-6.3%)

16% less capital invested

Capital invested by funds: $818M → $687M (-$132M)

Holders
117
Holders Change
+7
Holders Change %
+6.36%
% of All Funds
2.61%
Holding in Top 10
5
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+66.67%
% of All Funds
0.11%
New
18
Increased
44
Reduced
44
Closed
10
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$184M -$1.02M -20,020 -0.5%
UBS Group
2
UBS Group
Switzerland
$75.5M +$218K +4,297 +0.3%
Wells Fargo
3
Wells Fargo
California
$49.5M -$16.7M -328,480 -23%
TIM
4
Total Investment Management
Arizona
$43.6M -$253K -4,997 -0.6%
LPL Financial
5
LPL Financial
California
$37.4M +$1.02M +20,069 +3%
RJFSA
6
Raymond James Financial Services Advisors
Florida
$29.1M -$3.16M -62,223 -9%
Bank of America
7
Bank of America
North Carolina
$26.2M -$7.3M -143,840 -20%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$22.1M +$15.5M +306,320 +178%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$16.6M +$13.7K +270 +0.1%
PI
10
PFS Investments
Georgia
$16M +$5.02M +98,929 +42%
PAG
11
Private Advisor Group
New Jersey
$15.9M +$910K +17,948 +5%
RJA
12
Raymond James & Associates
Florida
$10.3M +$1.11M +21,956 +11%
RWMH
13
Riverpoint Wealth Management Holdings
Illinois
$8.22M +$136K +2,689 +2%
CS
14
Credit Suisse
Switzerland
$8.18M +$6.43M +126,727 +253%
FAAS
15
First Allied Advisory Services
California
$7.95M +$336K +6,632 +4%
AG
16
Advisor Group
Arizona
$7.56M +$2.03M +40,055 +32%
Susquehanna International Group
17
Susquehanna International Group
Pennsylvania
$6.4M +$6.78M +133,758 +2,885%
GIA
18
Gladstone Institutional Advisory
Florida
$5.59M +$6.13M +120,846 New
Janney Montgomery Scott
19
Janney Montgomery Scott
Pennsylvania
$5.34M +$2.52M +49,598 +75%
Cambridge Investment Research Advisors
20
Cambridge Investment Research Advisors
Iowa
$5.24M -$5.06M -99,780 -47%
Commonwealth Equity Services
21
Commonwealth Equity Services
Massachusetts
$5.09M +$186K +3,668 +3%
CCA
22
Clearwater Capital Advisors
Illinois
$4.68M -$319K -6,299 -6%
SB
23
Suntrust Banks
Georgia
$4.57M -$223K -4,399 -5%
HFS
24
HL Financial Services
Kentucky
$4.43M +$290K +5,726 +6%
DADC
25
D.A. Davidson & Co
Montana
$4.33M +$79.4K +1,565 +2%

FTA Hedge Fund Activity: Q4 2018 in Review

117 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in First Trust Large Cap Value AlphaDEX Fund (FTA) for Q4 2018, worth a combined $687M — down 16% from $818M a quarter earlier.

Buyers outnumbered sellers: 18 funds opened new FTA positions and 10 closed out — a net gain of 8 holders — while 44 added to existing stakes and 44 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $15.5M. The largest seller was Cornerstone Wealth Management, cutting an estimated $71.6M.

  • 117 institutional investors held First Trust Large Cap Value AlphaDEX Fund (FTA) as of Q4 2018, up from 110 in Q3 2018.
  • Funds reported $687M of First Trust Large Cap Value AlphaDEX Fund stock for Q4 2018, down 16% quarter-over-quarter.
  • 18 funds opened new First Trust Large Cap Value AlphaDEX Fund positions in Q4 2018 and 10 closed out, a net change of +8 holders.
  • The largest First Trust Large Cap Value AlphaDEX Fund buyer in Q4 2018 was Envestnet Asset Management, an estimated $15.5M added.
  • The largest First Trust Large Cap Value AlphaDEX Fund seller in Q4 2018 was Cornerstone Wealth Management, an estimated $71.6M sold.

Based on aggregated 13F filings for Q4 2018.