First Trust Health Care AlphaDEX Fund
186 hedge funds and large institutions have $956M invested in First Trust Health Care AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 62 increasing their positions, 59 reducing their positions, and 37 closing their positions.
57% more capital invested
Capital invested by funds: $607M → $956M (+$348M)
41.48% more ownership
Funds ownership: 52.43% → 93.91% (+41%)
5% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 59
7% less funds holding
Funds holding: 199 → 186 (-13)
22% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 37
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
95% less call options, than puts
Call options by funds: $1.19M | Put options by funds: $24.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
+$386M |
| 2 |
Morgan Stanley
New York
|
+$41.2M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$33.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$11.9M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$8.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
-$15.5M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$13.3M |
| 3 |
NA
Navellier & Associates
Reno,
Nevada
|
-$12.5M |
| 4 |
JAWM
J. Arnold Wealth Management
Youngstown,
Ohio
|
-$6.07M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$4.04M |
FXH Hedge Fund Activity: Q1 2020 in Review
186 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Health Care AlphaDEX Fund (FXH) for Q1 2020, worth a combined $956M — up 57% from $607M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of FXH and 29 opened new positions — a net loss of 8 holders — while 59 trimmed existing stakes and 62 added.
The largest buyer was First Trust Advisors, opening a new position worth an estimated $386M. The largest seller was Fulcrum Equity Management, exiting entirely with an estimated $15.5M sold.
- 186 institutional investors held First Trust Health Care AlphaDEX Fund (FXH) as of Q1 2020, down from 199 in Q4 2019.
- Funds reported $956M of First Trust Health Care AlphaDEX Fund stock for Q1 2020, up 57% quarter-over-quarter.
- 29 funds opened new First Trust Health Care AlphaDEX Fund positions in Q1 2020 and 37 closed out, a net change of -8 holders.
- The largest First Trust Health Care AlphaDEX Fund buyer in Q1 2020 was First Trust Advisors, an estimated $386M added.
- The largest First Trust Health Care AlphaDEX Fund seller in Q1 2020 was Fulcrum Equity Management, an estimated $15.5M sold.
Based on aggregated 13F filings for Q1 2020.