First Trust Health Care AlphaDEX Fund
171 hedge funds and large institutions have $535M invested in First Trust Health Care AlphaDEX Fund in 2019 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 38 increasing their positions, 76 reducing their positions, and 19 closing their positions.
3.04% less ownership
Funds ownership: 53.58% → 50.54% (-3%)
5% less funds holding
Funds holding: 180 → 171 (-9)
14% less capital invested
Capital invested by funds: $624M → $535M (-$89.2M)
42% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 19
50% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 76
96% less call options, than puts
Call options by funds: $718K | Put options by funds: $18.5M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.28M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.82M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$738K |
| 4 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
+$638K |
| 5 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
+$607K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
-$18.9M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.48M |
| 3 |
Goldman Sachs
New York
|
-$8.45M |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$6.45M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$6.32M |
FXH Hedge Fund Activity: Q3 2019 in Review
171 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Trust Health Care AlphaDEX Fund (FXH) for Q3 2019, worth a combined $535M — down 14% from $624M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of FXH and 11 opened new positions — a net loss of 8 holders — while 76 trimmed existing stakes and 38 added.
The largest buyer was Ameriprise, adding an estimated $6.28M. The largest seller was Fulcrum Equity Management, cutting an estimated $18.9M.
- 171 institutional investors held First Trust Health Care AlphaDEX Fund (FXH) as of Q3 2019, down from 180 in Q2 2019.
- Funds reported $535M of First Trust Health Care AlphaDEX Fund stock for Q3 2019, down 14% quarter-over-quarter.
- 11 funds opened new First Trust Health Care AlphaDEX Fund positions in Q3 2019 and 19 closed out, a net change of -8 holders.
- The largest First Trust Health Care AlphaDEX Fund buyer in Q3 2019 was Ameriprise, an estimated $6.28M added.
- The largest First Trust Health Care AlphaDEX Fund seller in Q3 2019 was Fulcrum Equity Management, an estimated $18.9M sold.
Based on aggregated 13F filings for Q3 2019.