First Trust Technology AlphaDEX Fund
78 hedge funds and large institutions have $449M invested in First Trust Technology AlphaDEX Fund in 2015 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 36 increasing their positions, 25 reducing their positions, and 21 closing their positions.
44% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 25
5.59% less ownership
Funds ownership: 69.47% → 63.88% (-5.6%)
10% less funds holding
Funds holding: 87 → 78 (-9)
33% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 21
48% less capital invested
Capital invested by funds: $858M → $449M (-$410M)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$15.3M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$9.88M |
| 3 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$9.31M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$8.85M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$8.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$352M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$43.6M |
| 3 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$24.4M |
| 4 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$21.6M |
| 5 |
FHA
First Horizon Advisors
Memphis,
Tennessee
|
-$8.13M |
FXL Hedge Fund Activity: Q1 2015 in Review
78 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in First Trust Technology AlphaDEX Fund (FXL) for Q1 2015, worth a combined $449M — down 48% from $858M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FXL and 14 opened new positions — a net loss of 7 holders — while 25 trimmed existing stakes and 36 added.
The largest buyer was Goldman Sachs, adding an estimated $15.3M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $352M sold.
- 78 institutional investors held First Trust Technology AlphaDEX Fund (FXL) as of Q1 2015, down from 87 in Q4 2014.
- Funds reported $449M of First Trust Technology AlphaDEX Fund stock for Q1 2015, down 48% quarter-over-quarter.
- 14 funds opened new First Trust Technology AlphaDEX Fund positions in Q1 2015 and 21 closed out, a net change of -7 holders.
- The largest First Trust Technology AlphaDEX Fund buyer in Q1 2015 was Goldman Sachs, an estimated $15.3M added.
- The largest First Trust Technology AlphaDEX Fund seller in Q1 2015 was F-Squared Investment Management, an estimated $352M sold.
Based on aggregated 13F filings for Q1 2015.