First Trust Energy AlphaDEX Fund
FXN
65 hedge funds and large institutions have $60.3M invested in First Trust Energy AlphaDEX Fund in 2020 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 14 increasing their positions, 34 reducing their positions, and 29 closing their positions.
23% less funds holding
Funds holding: 84 → 65 (-19)
31.03% less ownership
Funds ownership: 87.84% → 56.81% (-31%)
59% less repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 34
66% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 29
89% less capital invested
Capital invested by funds: $551M → $60.3M (-$491M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janney Montgomery Scott
Philadelphia,
Pennsylvania
|
+$4.42M |
| 2 |
Millennium Management
New York
|
+$3.62M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$2.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$1.69M |
| 5 |
Jane Street
New York
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$368M |
| 2 |
Morgan Stanley
New York
|
-$29M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$24.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$8.98M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$5.64M |
FXN Hedge Fund Activity: Q3 2020 in Review
65 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q3 2020, worth a combined $60.3M — down 89% from $551M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of FXN and 10 opened new positions — a net loss of 19 holders — while 34 trimmed existing stakes and 14 added.
The largest buyer was Janney Montgomery Scott, adding an estimated $4.42M. The largest seller was First Trust Advisors, exiting entirely with an estimated $368M sold.
- 65 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q3 2020, down from 84 in Q2 2020.
- Funds reported $60.3M of First Trust Energy AlphaDEX Fund stock for Q3 2020, down 89% quarter-over-quarter.
- 10 funds opened new First Trust Energy AlphaDEX Fund positions in Q3 2020 and 29 closed out, a net change of -19 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q3 2020 was Janney Montgomery Scott, an estimated $4.42M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q3 2020 was First Trust Advisors, an estimated $368M sold.
Based on aggregated 13F filings for Q3 2020.