First Trust Energy AlphaDEX Fund
FXN
149 hedge funds and large institutions have $344M invested in First Trust Energy AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 19 funds opening new positions, 34 increasing their positions, 74 reducing their positions, and 35 closing their positions.
0.84% less ownership
Funds ownership: 63.81% → 62.97% (-0.84%)
11% less funds holding
Funds holding: 167 → 149 (-18)
27% less capital invested
Capital invested by funds: $469M → $344M (-$125M)
46% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 35
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
54% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 74
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $982K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Avestar Capital
New York
|
+$4.7M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$3.05M |
| 3 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$2.03M |
| 4 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$1.8M |
| 5 |
WEG
World Equity Group
Schaumburg,
Illinois
|
+$1.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$14.8M |
| 2 |
Morgan Stanley
New York
|
-$11.6M |
| 3 |
GLA
Good Life Advisors
Reading,
Pennsylvania
|
-$10.9M |
| 4 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$9.54M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$6.39M |
FXN Hedge Fund Activity: Q2 2023 in Review
149 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q2 2023, worth a combined $344M — down 27% from $469M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of FXN and 19 opened new positions — a net loss of 16 holders — while 74 trimmed existing stakes and 34 added.
The largest buyer was Avestar Capital, opening a new position worth an estimated $4.7M. The largest seller was LPL Financial, cutting an estimated $14.8M.
- 149 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q2 2023, down from 167 in Q1 2023.
- Funds reported $344M of First Trust Energy AlphaDEX Fund stock for Q2 2023, down 27% quarter-over-quarter.
- 19 funds opened new First Trust Energy AlphaDEX Fund positions in Q2 2023 and 35 closed out, a net change of -16 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q2 2023 was Avestar Capital, an estimated $4.7M added.
- The largest First Trust Energy AlphaDEX Fund seller in Q2 2023 was LPL Financial, an estimated $14.8M sold.
Based on aggregated 13F filings for Q2 2023.