First Trust Energy AlphaDEX Fund
FXN
59 hedge funds and large institutions have $117M invested in First Trust Energy AlphaDEX Fund in 2014 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 18 closing their positions.
5% less funds holding
Funds holding: 62 → 59 (-3)
5.7% less ownership
Funds ownership: 45% → 39.29% (-5.7%)
11% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 18
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
62% less capital invested
Capital invested by funds: $307M → $117M (-$190M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAS
IMA Advisory Services
Denver,
Colorado
|
+$2.47M |
| 2 |
MCWS
McKinley Carter Wealth Services
Wheeling,
West Virginia
|
+$2.11M |
| 3 |
NA
Navellier & Associates
Reno,
Nevada
|
+$1.67M |
| 4 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$1.5M |
| 5 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$63.9M |
| 2 |
SAM
Shamrock Asset Management
Dallas,
Texas
|
-$25.3M |
| 3 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$19.5M |
| 4 |
Jane Street
New York
|
-$8.64M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$7.41M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAG
76
Private Advisor Group
Morristown,
New Jersey
| – | -$26K | -1,005 | Closed |
|
|
SCA
77
Strategic Capital Alternatives
Gig Harbor,
United States
| – | -$12K | -459 | Closed |
|
78
Parallax Volatility Advisers
San Francisco,
California
| – | +$23 | +1 | New |
|
FXN Hedge Fund Activity: Q4 2014 in Review
59 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q4 2014, worth a combined $117M — down 62% from $307M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FXN and 16 opened new positions — a net loss of 2 holders — while 22 trimmed existing stakes and 16 added.
The largest buyer was IMA Advisory Services, opening a new position worth an estimated $2.47M. The largest seller was Bank of America, cutting an estimated $63.9M.
- 59 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q4 2014, down from 62 in Q3 2014.
- Funds reported $117M of First Trust Energy AlphaDEX Fund stock for Q4 2014, down 62% quarter-over-quarter.
- 16 funds opened new First Trust Energy AlphaDEX Fund positions in Q4 2014 and 18 closed out, a net change of -2 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q4 2014 was IMA Advisory Services, an estimated $2.47M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q4 2014 was Bank of America, an estimated $63.9M sold.
Based on aggregated 13F filings for Q4 2014.