First Trust Health Care AlphaDEX Fund
180 hedge funds and large institutions have $624M invested in First Trust Health Care AlphaDEX Fund in 2019 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 36 increasing their positions, 87 reducing their positions, and 33 closing their positions.
9% less funds holding
Funds holding: 197 → 180 (-17)
16.4% less ownership
Funds ownership: 69.98% → 53.58% (-16%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
36% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 33
58% less capital invested
Capital invested by funds: $1.5B → $624M (-$873M)
59% less repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 87
98% less call options, than puts
Call options by funds: $281K | Put options by funds: $15.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
+$18.5M |
| 2 |
Goldman Sachs
New York
|
+$5.28M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.09M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.72M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$2.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$511M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$73.6M |
| 3 |
Morgan Stanley
New York
|
-$70.6M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$32.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$23.9M |
FXH Hedge Fund Activity: Q2 2019 in Review
180 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in First Trust Health Care AlphaDEX Fund (FXH) for Q2 2019, worth a combined $624M — down 58% from $1.5B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of FXH and 21 opened new positions — a net loss of 12 holders — while 87 trimmed existing stakes and 36 added.
The largest buyer was Fulcrum Equity Management, opening a new position worth an estimated $18.5M. The largest seller was First Trust Advisors, exiting entirely with an estimated $511M sold.
- 180 institutional investors held First Trust Health Care AlphaDEX Fund (FXH) as of Q2 2019, down from 197 in Q1 2019.
- Funds reported $624M of First Trust Health Care AlphaDEX Fund stock for Q2 2019, down 58% quarter-over-quarter.
- 21 funds opened new First Trust Health Care AlphaDEX Fund positions in Q2 2019 and 33 closed out, a net change of -12 holders.
- The largest First Trust Health Care AlphaDEX Fund buyer in Q2 2019 was Fulcrum Equity Management, an estimated $18.5M added.
- The largest First Trust Health Care AlphaDEX Fund seller in Q2 2019 was First Trust Advisors, an estimated $511M sold.
Based on aggregated 13F filings for Q2 2019.