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First Trust Technology AlphaDEX Fund
FXL

223 hedge funds and large institutions have $898M invested in First Trust Technology AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 61 increasing their positions, 70 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

121% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 14

38% more capital invested

Capital invested by funds: $651M → $898M (+$247M)

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

10.87% more ownership

Funds ownership: 56.48% → 67.35% (+11%)

8% more funds holding

Funds holding: 207 → 223 (+16)

13% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 70

Holders
223
Holders Change
+16
Holders Change %
+7.73%
% of All Funds
3.25%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.12%
New
31
Increased
61
Reduced
70
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$108M
2
RJA
Raymond James & Associates
Florida
+$11.2M
3
Truist Financial
Truist Financial
North Carolina
+$6.37M
4
LPL Financial
LPL Financial
California
+$5.77M
5
NA
Navellier & Associates
Nevada
+$3.67M

Top Sellers

1
VWM
Valley Wealth Managers
New Jersey
-$5.48M
2
Citadel Advisors
Citadel Advisors
Florida
-$5.43M
3
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
-$5.16M
4
UBS Group
UBS Group
Switzerland
-$4.85M
5
VCM
Virtue Capital Management
Tennessee
-$3.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
CWP
126
Cyndeo Wealth Partners
Florida
$338K – – –
TA
127
TrueWealth Advisors
Alabama
$336K -$116 -1 -0%
QPWM
128
Quadrant Private Wealth Management
Pennsylvania
$331K +$301K +2,587 New
CBFP
129
Cedar Brook Financial Partners
Ohio
$329K +$2.79K +24 +0.9%
PAS
130
Park Avenue Securities
New York
$327K -$1.86K -16 -0.6%
Bank of Montreal
131
Bank of Montreal
Ontario, Canada
$324K – – –
ONB
132
Old National Bancorp
Indiana
$322K – – –
TSWM
133
Tyler-Stone Wealth Management
Ohio
$309K – – –
NP
134
Nilsine Partners
Colorado
$301K +$23.3K +200 +9%
GRP
135
Global Retirement Partners
California
$285K +$76.8K +660 +42%
KDA
136
Kraft Davis & Associates
Missouri
$277K -$97.1K -834 -28%
ATPW
137
Ashton Thomas Private Wealth
Arizona
$271K – – –
Bessemer Group
138
Bessemer Group
New Jersey
$269K – – –
DWP
139
Destiny Wealth Partners
Florida
$268K – – –
OC
140
Oppenheimer & Co
New York
$268K -$11.9K -102 -5%
CPIG
141
Chicago Partners Investment Group
Illinois
$268K +$116 +1 +0%
ATC
142
Argent Trust Co
Tennessee
$267K – – –
FC
143
Forte Capital
New York
$266K – – –
ASN
144
Advisory Services Network
Georgia
$264K +$240K +2,063 New
AWA
145
Arete Wealth Advisors
Illinois
$263K +$239K +2,055 New
SF
146
Summit Financial
New Jersey
$262K +$238K +2,046 New
RJT
147
Raymond James Trust
Florida
$260K -$145K -1,244 -38%
IFWM
148
Institute for Wealth Management
Colorado
$256K – – –
TFS
149
Thoroughbred Financial Services
Tennessee
$256K +$233K +2,005 New
ZIM
150
Zacks Investment Management
Illinois
$253K +$230K +1,977 New
4 5
6
7 8

FXL Hedge Fund Activity: Q4 2023 in Review

223 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Technology AlphaDEX Fund (FXL) for Q4 2023, worth a combined $898M — up 38% from $651M a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new FXL positions and 14 closed out — a net gain of 17 holders — while 61 added to existing stakes and 70 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $108M. The largest seller was Valley Wealth Managers, cutting an estimated $5.48M.

  • 223 institutional investors held First Trust Technology AlphaDEX Fund (FXL) as of Q4 2023, up from 207 in Q3 2023.
  • Funds reported $898M of First Trust Technology AlphaDEX Fund stock for Q4 2023, up 38% quarter-over-quarter.
  • 31 funds opened new First Trust Technology AlphaDEX Fund positions in Q4 2023 and 14 closed out, a net change of +17 holders.
  • The largest First Trust Technology AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $108M added.
  • The largest First Trust Technology AlphaDEX Fund seller in Q4 2023 was Valley Wealth Managers, an estimated $5.48M sold.

Based on aggregated 13F filings for Q4 2023.