First Trust Energy AlphaDEX Fund
FXN
55 hedge funds and large institutions have $95.8M invested in First Trust Energy AlphaDEX Fund in 2015 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 15 increasing their positions, 27 reducing their positions, and 13 closing their positions.
14% less funds holding
Funds holding: 64 → 55 (-9)
26% less ownership
Funds ownership: 69.4% → 43.39% (-26%)
44% less repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 27
54% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 13
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
74% less capital invested
Capital invested by funds: $370M → $95.8M (-$274M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Creative Planning
Overland Park,
Kansas
|
+$2.5M |
| 2 |
Goldman Sachs
New York
|
+$2.5M |
| 3 |
VF
Virtu Financial
New York
|
+$1.41M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$915K |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$434K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$28.5M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$9.48M |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
-$4.29M |
| 4 |
BAAM
Baker Avenue Asset Management
San Francisco,
California
|
-$3.17M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.91M |
FXN Hedge Fund Activity: Q3 2015 in Review
55 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q3 2015, worth a combined $95.8M — down 74% from $370M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FXN and 6 opened new positions — a net loss of 7 holders — while 27 trimmed existing stakes and 15 added.
The largest buyer was Creative Planning, opening a new position worth an estimated $2.5M. The largest seller was Parametric Portfolio Associates, exiting entirely with an estimated $28.5M sold.
- 55 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q3 2015, down from 64 in Q2 2015.
- Funds reported $95.8M of First Trust Energy AlphaDEX Fund stock for Q3 2015, down 74% quarter-over-quarter.
- 6 funds opened new First Trust Energy AlphaDEX Fund positions in Q3 2015 and 13 closed out, a net change of -7 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q3 2015 was Creative Planning, an estimated $2.5M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q3 2015 was Parametric Portfolio Associates, an estimated $28.5M sold.
Based on aggregated 13F filings for Q3 2015.