First Trust Technology AlphaDEX Fund
199 hedge funds and large institutions have $601M invested in First Trust Technology AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 45 increasing their positions, 79 reducing their positions, and 14 closing their positions.
57% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 14
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
11% more capital invested
Capital invested by funds: $539M → $601M (+$61.3M)
2% more funds holding
Funds holding: 196 → 199 (+3)
0.24% more ownership
Funds ownership: 56.41% → 56.65% (+0.24%)
43% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$9.75M |
| 2 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$5.74M |
| 3 |
RW
RVW Wealth
Los Angeles,
California
|
+$5.27M |
| 4 |
FEG
Financial Enhancement Group
Anderson,
Indiana
|
+$4.44M |
| 5 |
NA
Navellier & Associates
Reno,
Nevada
|
+$3.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$11.2M |
| 2 |
IA
IFP Advisors
Tampa,
Florida
|
-$4.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$4.06M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.93M |
| 5 |
LPL Financial
San Diego,
California
|
-$3.27M |
FXL Hedge Fund Activity: Q1 2023 in Review
199 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Technology AlphaDEX Fund (FXL) for Q1 2023, worth a combined $601M — up 11% from $539M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new FXL positions and 14 closed out — a net gain of 8 holders — while 45 added to existing stakes and 79 trimmed.
The largest buyer was Virtue Capital Management, opening a new position worth an estimated $9.75M. The largest seller was Morgan Stanley, cutting an estimated $11.2M.
- 199 institutional investors held First Trust Technology AlphaDEX Fund (FXL) as of Q1 2023, up from 196 in Q4 2022.
- Funds reported $601M of First Trust Technology AlphaDEX Fund stock for Q1 2023, up 11% quarter-over-quarter.
- 22 funds opened new First Trust Technology AlphaDEX Fund positions in Q1 2023 and 14 closed out, a net change of +8 holders.
- The largest First Trust Technology AlphaDEX Fund buyer in Q1 2023 was Virtue Capital Management, an estimated $9.75M added.
- The largest First Trust Technology AlphaDEX Fund seller in Q1 2023 was Morgan Stanley, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2023.