First Trust Consumer Discretionary AlphaDEX Fund
FXD
73 hedge funds and large institutions have $574M invested in First Trust Consumer Discretionary AlphaDEX Fund in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 13 closing their positions.
980% more call options, than puts
Call options by funds: $324K | Put options by funds: $30K
71% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 21
3% less funds holding
Funds holding: 75 → 73 (-2)
5.85% less ownership
Funds ownership: 72.41% → 66.56% (-5.8%)
15% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 13
23% less capital invested
Capital invested by funds: $747M → $574M (-$173M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$19.2M |
| 2 |
Morgan Stanley
New York
|
+$8.33M |
| 3 |
U
UBS
Zurich,
Switzerland
|
+$7.91M |
| 4 |
IAS
IMA Advisory Services
Denver,
Colorado
|
+$2.09M |
| 5 |
NC
NewSquare Capital
Newtown Square,
Pennsylvania
|
+$1.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$143M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$23.7M |
| 3 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
-$13.4M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$8.89M |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
-$6.1M |
FXD Hedge Fund Activity: Q1 2014 in Review
73 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in First Trust Consumer Discretionary AlphaDEX Fund (FXD) for Q1 2014, worth a combined $574M — down 23% from $747M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FXD and 11 opened new positions — a net loss of 2 holders — while 21 trimmed existing stakes and 36 added.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $19.2M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $143M sold.
- 73 institutional investors held First Trust Consumer Discretionary AlphaDEX Fund (FXD) as of Q1 2014, down from 75 in Q4 2013.
- Funds reported $574M of First Trust Consumer Discretionary AlphaDEX Fund stock for Q1 2014, down 23% quarter-over-quarter.
- 11 funds opened new First Trust Consumer Discretionary AlphaDEX Fund positions in Q1 2014 and 13 closed out, a net change of -2 holders.
- The largest First Trust Consumer Discretionary AlphaDEX Fund buyer in Q1 2014 was First Trust Advisors, an estimated $19.2M added.
- The largest First Trust Consumer Discretionary AlphaDEX Fund seller in Q1 2014 was F-Squared Investment Management, an estimated $143M sold.
Based on aggregated 13F filings for Q1 2014.