First Trust Energy AlphaDEX Fund
FXN
122 hedge funds and large institutions have $136M invested in First Trust Energy AlphaDEX Fund in 2025 Q4 according to their latest regulatory filings, with 18 funds opening new positions, 25 increasing their positions, 52 reducing their positions, and 10 closing their positions.
80% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 10
7% more funds holding
Funds holding: 114 → 122 (+8)
12.1% less ownership
Funds ownership: 64.8% → 52.7% (-12%)
43% less capital invested
Capital invested by funds: $240M → $136M (-$104M)
52% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 52
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stifel Financial
St. Louis,
Missouri
|
+$953K |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$664K |
| 3 |
Jane Street
New York
|
+$653K |
| 4 |
RFWA
RPg Family Wealth Advisory
Burlington,
Massachusetts
|
+$505K |
| 5 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$268K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAP
Arax Advisory Partners
Denver,
Colorado
|
-$20.8M |
| 2 |
Morgan Stanley
New York
|
-$6.33M |
| 3 |
QC
Quadrature Capital
London,
United Kingdom
|
-$3.62M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.44M |
| 5 |
LPL Financial
San Diego,
California
|
-$2.43M |
FXN Hedge Fund Activity: Q4 2025 in Review
122 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in First Trust Energy AlphaDEX Fund (FXN) for Q4 2025, worth a combined $136M — down 43% from $240M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new FXN positions and 10 closed out — a net gain of 8 holders — while 25 added to existing stakes and 52 trimmed.
The largest buyer was Stifel Financial, adding an estimated $953K. The largest seller was Arax Advisory Partners, cutting an estimated $20.8M.
- 122 institutional investors held First Trust Energy AlphaDEX Fund (FXN) as of Q4 2025, up from 114 in Q3 2025.
- Funds reported $136M of First Trust Energy AlphaDEX Fund stock for Q4 2025, down 43% quarter-over-quarter.
- 18 funds opened new First Trust Energy AlphaDEX Fund positions in Q4 2025 and 10 closed out, a net change of +8 holders.
- The largest First Trust Energy AlphaDEX Fund buyer in Q4 2025 was Stifel Financial, an estimated $953K added.
- The largest First Trust Energy AlphaDEX Fund seller in Q4 2025 was Arax Advisory Partners, an estimated $20.8M sold.
Based on aggregated 13F filings for Q4 2025.