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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
BCMLT
201
Beacon Capital Management LLC (Tennessee)
Tennessee
$22K – – –
HPC
202
HM Payson & Co
Maine
$21.3K – – –
BC
203
Barrett & Company
Rhode Island
$19.2K – – –
LF
204
Lee Financial
Texas
$17K – – –
LFA
205
Legend Financial Advisors
Pennsylvania
$17K – – –
AF
206
Allworth Financial
California
$16K – – –
NFA
207
Northwest Financial Advisors
Virginia
$13.6K +$12.3K +106 New
CIAS
208
Capital Investment Advisory Services
North Carolina
$13K – – –
BWL
209
Bogart Wealth LLC
Virginia
$12.8K – – –
TFA
210
Transamerica Financial Advisors
Florida
$12K – – –
Jones Financial Companies
211
Jones Financial Companies
Missouri
$10.3K +$9.43K +81 New
IFAM
212
Institutional & Family Asset Management
Colorado
$10.2K – – –
GWSG
213
GPS Wealth Strategies Group
Colorado
$9.86K – – –
CWM
214
CarsonAllaria Wealth Management
Illinois
$9.12K – – –
FMII
215
Farmers & Merchants Investments Inc
Nebraska
$8.96K +$8.15K +70 New
FFA
216
Founders Financial Alliance
North Carolina
$7.48K – – –
CT
217
Caldwell Trust
Florida
$6.4K – – –
LFG
218
Larson Financial Group
Missouri
$5.93K – – –
VNA
219
Valley National Advisers
Pennsylvania
$5K -$483K -4,152 -99%
ACA
220
Aptus Capital Advisors
Alabama
$2.95K – – –
GWANC
221
Guardian Wealth Advisors (North Carolina)
North Carolina
$2.95K – – –
EAM
222
Eukles Asset Management
Ohio
$2.94K – – –
CAL
223
Capital Analysts LLC
Pennsylvania
$1K – – –
DFA
224
DHJJ Financial Advisors
Illinois
$897 – – –
UCFA
225
United Capital Financial Advisors
Texas
– -$396K -3,559 Closed
6 7 8
9
10

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.