First Trust Energy AlphaDEX Fund
FXN
167 hedge funds and large institutions have $469M invested in First Trust Energy AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 37 increasing their positions, 93 reducing their positions, and 39 closing their positions.
12% less funds holding
Funds holding: 189 → 167 (-22)
19.96% less ownership
Funds ownership: 83.77% → 63.81% (-20%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
46% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 39
60% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 93
71% less capital invested
Capital invested by funds: $1.61B → $469M (-$1.14B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TC
TAP Consulting
Kirkwood,
Missouri
|
+$2.35M |
| 2 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
+$1.91M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$1.24M |
| 4 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$1.13M |
| 5 |
SFPG
Stonebridge Financial Planning Group
Orlando,
Florida
|
+$869K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$710M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$68.8M |
| 3 |
Morgan Stanley
New York
|
-$57.8M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$29.8M |
| 5 |
ODG
O'Dell Group
Cincinnati,
Ohio
|
-$17.1M |
FXN Hedge Fund Activity: Q1 2023 in Review
167 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q1 2023, worth a combined $469M — down 71% from $1.61B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of FXN and 21 opened new positions — a net loss of 18 holders — while 93 trimmed existing stakes and 37 added.
The largest buyer was TAP Consulting, opening a new position worth an estimated $2.35M. The largest seller was First Trust Advisors, exiting entirely with an estimated $710M sold.
- 167 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q1 2023, down from 189 in Q4 2022.
- Funds reported $469M of First Trust Energy AlphaDEX Fund stock for Q1 2023, down 71% quarter-over-quarter.
- 21 funds opened new First Trust Energy AlphaDEX Fund positions in Q1 2023 and 39 closed out, a net change of -18 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q1 2023 was TAP Consulting, an estimated $2.35M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q1 2023 was First Trust Advisors, an estimated $710M sold.
Based on aggregated 13F filings for Q1 2023.