First Trust Health Care AlphaDEX Fund
202 hedge funds and large institutions have $690M invested in First Trust Health Care AlphaDEX Fund in 2020 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 61 reducing their positions, and 27 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
63% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 27
9% more funds holding
Funds holding: 186 → 202 (+16)
2% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 61
14.74% less ownership
Funds ownership: 66.39% → 51.65% (-15%)
28% less capital invested
Capital invested by funds: $956M → $690M (-$266M)
83% less call options, than puts
Call options by funds: $1.61M | Put options by funds: $9.65M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MML Investors Services
Springfield,
Massachusetts
|
+$9.03M |
| 2 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$8.01M |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$7.69M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$7.57M |
| 5 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
+$5.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$351M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$39.1M |
| 3 |
Morgan Stanley
New York
|
-$13.8M |
| 4 |
Goldman Sachs
New York
|
-$12.4M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$8.3M |
FXH Hedge Fund Activity: Q2 2020 in Review
202 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in First Trust Health Care AlphaDEX Fund (FXH) for Q2 2020, worth a combined $690M — down 28% from $956M a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new FXH positions and 27 closed out — a net gain of 17 holders — while 62 added to existing stakes and 61 trimmed.
The largest buyer was MML Investors Services, adding an estimated $9.03M. The largest seller was First Trust Advisors, exiting entirely with an estimated $351M sold.
- 202 institutional investors held First Trust Health Care AlphaDEX Fund (FXH) as of Q2 2020, up from 186 in Q1 2020.
- Funds reported $690M of First Trust Health Care AlphaDEX Fund stock for Q2 2020, down 28% quarter-over-quarter.
- 44 funds opened new First Trust Health Care AlphaDEX Fund positions in Q2 2020 and 27 closed out, a net change of +17 holders.
- The largest First Trust Health Care AlphaDEX Fund buyer in Q2 2020 was MML Investors Services, an estimated $9.03M added.
- The largest First Trust Health Care AlphaDEX Fund seller in Q2 2020 was First Trust Advisors, an estimated $351M sold.
Based on aggregated 13F filings for Q2 2020.