First Trust Energy AlphaDEX Fund
FXN
154 hedge funds and large institutions have $417M invested in First Trust Energy AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 45 increasing their positions, 58 reducing their positions, and 20 closing their positions.
30% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 20
24% more capital invested
Capital invested by funds: $338M → $417M (+$79.4M)
6.11% more ownership
Funds ownership: 61.7% → 67.8% (+6.1%)
3% more funds holding
Funds holding: 149 → 154 (+5)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
22% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 58
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20.3M |
| 2 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
+$8.79M |
| 3 |
VAS
Vestmark Advisory Solutions
Wakefield,
Massachusetts
|
+$6.5M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.45M |
| 5 |
Truist Financial
Charlotte,
North Carolina
|
+$4.75M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$5.98M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.26M |
| 3 |
PFG
Prosperity Financial Group
San Ramon,
California
|
-$2.95M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.36M |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
-$1.93M |
FXN Hedge Fund Activity: Q3 2023 in Review
154 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q3 2023, worth a combined $417M — up 24% from $338M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new FXN positions and 20 closed out — a net gain of 6 holders — while 45 added to existing stakes and 58 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $20.3M. The largest seller was International Assets Investment Management, exiting entirely with an estimated $5.98M sold.
- 154 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q3 2023, up from 149 in Q2 2023.
- Funds reported $417M of First Trust Energy AlphaDEX Fund stock for Q3 2023, up 24% quarter-over-quarter.
- 26 funds opened new First Trust Energy AlphaDEX Fund positions in Q3 2023 and 20 closed out, a net change of +6 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q3 2023 was Morgan Stanley, an estimated $20.3M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q3 2023 was International Assets Investment Management, an estimated $5.98M sold.
Based on aggregated 13F filings for Q3 2023.