First Trust Energy AlphaDEX Fund
FXN
146 hedge funds and large institutions have $418M invested in First Trust Energy AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 68 reducing their positions, and 21 closing their positions.
2% less capital invested
Capital invested by funds: $427M → $418M (-$9.54M)
3% less funds holding
Funds holding: 151 → 146 (-5)
10.02% less ownership
Funds ownership: 73.89% → 63.87% (-10%)
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
35% less repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 68
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAA
Global Assets Advisory
Orlando,
Florida
|
+$7.14M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.11M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$5.12M |
| 4 |
D.E. Shaw & Co
New York
|
+$4.9M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$4.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$67.4M |
| 2 |
PG
Prostatis Group
Hanover,
Maryland
|
-$6.22M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$3.56M |
| 4 |
NA
Navellier & Associates
Reno,
Nevada
|
-$3.15M |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$3.08M |
FXN Hedge Fund Activity: Q1 2024 in Review
146 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q1 2024, worth a combined $418M — down 2.2% from $427M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of FXN and 17 opened new positions — a net loss of 4 holders — while 68 trimmed existing stakes and 44 added.
The largest buyer was Global Assets Advisory, adding an estimated $7.14M. The largest seller was Morgan Stanley, cutting an estimated $67.4M.
- 146 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q1 2024, down from 151 in Q4 2023.
- Funds reported $418M of First Trust Energy AlphaDEX Fund stock for Q1 2024, down 2.2% quarter-over-quarter.
- 17 funds opened new First Trust Energy AlphaDEX Fund positions in Q1 2024 and 21 closed out, a net change of -4 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q1 2024 was Global Assets Advisory, an estimated $7.14M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $67.4M sold.
Based on aggregated 13F filings for Q1 2024.