First Trust Energy AlphaDEX Fund
FXN
78 hedge funds and large institutions have $141M invested in First Trust Energy AlphaDEX Fund in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 16 increasing their positions, 51 reducing their positions, and 28 closing their positions.
3.11% less ownership
Funds ownership: 55.98% → 52.87% (-3.1%)
23% less funds holding
Funds holding: 101 → 78 (-23)
54% less capital invested
Capital invested by funds: $306M → $141M (-$166M)
69% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 51
82% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 28
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$2.22M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$1.63M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
+$879K |
| 4 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$528K |
| 5 |
PFS
Prospera Financial Services
Dallas,
Texas
|
+$220K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$32.3M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$20.7M |
| 3 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$12.5M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$11.5M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$8.25M |
FXN Hedge Fund Activity: Q2 2017 in Review
78 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q2 2017, worth a combined $141M — down 54% from $306M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of FXN and 5 opened new positions — a net loss of 23 holders — while 51 trimmed existing stakes and 16 added.
The largest buyer was Astor Investment Management, adding an estimated $2.22M. The largest seller was Morgan Stanley, cutting an estimated $32.3M.
- 78 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q2 2017, down from 101 in Q1 2017.
- Funds reported $141M of First Trust Energy AlphaDEX Fund stock for Q2 2017, down 54% quarter-over-quarter.
- 5 funds opened new First Trust Energy AlphaDEX Fund positions in Q2 2017 and 28 closed out, a net change of -23 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q2 2017 was Astor Investment Management, an estimated $2.22M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q2 2017 was Morgan Stanley, an estimated $32.3M sold.
Based on aggregated 13F filings for Q2 2017.