First Trust Consumer Discretionary AlphaDEX Fund
FXD
104 hedge funds and large institutions have $246M invested in First Trust Consumer Discretionary AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 18 funds opening new positions, 28 increasing their positions, 37 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
12% more funds holding
Funds holding: 93 → 104 (+11)
5.3% less ownership
Funds ownership: 65.63% → 60.34% (-5.3%)
10% less capital invested
Capital invested by funds: $274M → $246M (-$27.3M)
24% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 37
34% less call options, than puts
Call options by funds: $265K | Put options by funds: $404K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Karp Capital Management
Sausalito,
California
|
+$3.75M |
| 2 |
FI
FormulaFolio Investments
Grand Rapids,
Michigan
|
+$2.55M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.67M |
| 4 |
LA
LexAurum Advisors
Overland Park,
Kansas
|
+$1.38M |
| 5 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$8.95M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.78M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$7.34M |
| 4 |
Stifel Financial
St. Louis,
Missouri
|
-$6.05M |
| 5 |
Morgan Stanley
New York
|
-$5.27M |
FXD Hedge Fund Activity: Q3 2018 in Review
104 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in First Trust Consumer Discretionary AlphaDEX Fund (FXD) for Q3 2018, worth a combined $246M — down 10% from $274M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FXD positions and 7 closed out — a net gain of 11 holders — while 28 added to existing stakes and 37 trimmed.
The largest buyer was Karp Capital Management, opening a new position worth an estimated $3.75M. The largest seller was Wells Fargo, cutting an estimated $8.95M.
- 104 institutional investors held First Trust Consumer Discretionary AlphaDEX Fund (FXD) as of Q3 2018, up from 93 in Q2 2018.
- Funds reported $246M of First Trust Consumer Discretionary AlphaDEX Fund stock for Q3 2018, down 10% quarter-over-quarter.
- 18 funds opened new First Trust Consumer Discretionary AlphaDEX Fund positions in Q3 2018 and 7 closed out, a net change of +11 holders.
- The largest First Trust Consumer Discretionary AlphaDEX Fund buyer in Q3 2018 was Karp Capital Management, an estimated $3.75M added.
- The largest First Trust Consumer Discretionary AlphaDEX Fund seller in Q3 2018 was Wells Fargo, an estimated $8.95M sold.
Based on aggregated 13F filings for Q3 2018.