First Trust Health Care AlphaDEX Fund
FXH
249 hedge funds and large institutions have $735M invested in First Trust Health Care AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 25 funds opening new positions, 60 increasing their positions, 94 reducing their positions, and 30 closing their positions.
6,900% more call options, than puts
Call options by funds: $700K | Put options by funds: $10K
2.2% less ownership
Funds ownership: 58.23% → 56.03% (-2.2%)
3% less funds holding
Funds holding: 256 → 249 (-7)
17% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 30
19% less capital invested
Capital invested by funds: $911M → $735M (-$176M)
36% less repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 94
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.83M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$2.34M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.15M |
| 4 |
IWM
Iams Wealth Management
Omaha,
Nebraska
|
+$2M |
| 5 |
AssetMark Inc
Concord,
California
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAWM
J. Arnold Wealth Management
Youngstown,
Ohio
|
-$24.5M |
| 2 |
Morgan Stanley
New York
|
-$15M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$6.25M |
| 4 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
-$6.04M |
| 5 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
-$5.4M |
FXH Hedge Fund Activity: Q3 2023 in Review
249 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Health Care AlphaDEX Fund (FXH) for Q3 2023, worth a combined $735M — down 19% from $911M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of FXH and 25 opened new positions — a net loss of 5 holders — while 94 trimmed existing stakes and 60 added.
The largest buyer was LPL Financial, adding an estimated $2.83M. The largest seller was J. Arnold Wealth Management, cutting an estimated $24.5M.
- 249 institutional investors held First Trust Health Care AlphaDEX Fund (FXH) as of Q3 2023, down from 256 in Q2 2023.
- Funds reported $735M of First Trust Health Care AlphaDEX Fund stock for Q3 2023, down 19% quarter-over-quarter.
- 25 funds opened new First Trust Health Care AlphaDEX Fund positions in Q3 2023 and 30 closed out, a net change of -5 holders.
- The largest First Trust Health Care AlphaDEX Fund buyer in Q3 2023 was LPL Financial, an estimated $2.83M added.
- The largest First Trust Health Care AlphaDEX Fund seller in Q3 2023 was J. Arnold Wealth Management, an estimated $24.5M sold.
Based on aggregated 13F filings for Q3 2023.