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First Trust Financials AlphaDEX Fund
FXO

209 hedge funds and large institutions have $656M invested in First Trust Financials AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 78 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

0.54% less ownership

Funds ownership: 62.75% → 62.21% (-0.54%)

6% less first-time investments, than exits

New positions opened: 30 | Existing positions closed: 32

3% less funds holding

Funds holding: 215 → 209 (-6)

6% less capital invested

Capital invested by funds: $697M → $656M (-$41.8M)

15% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 78

Holders
209
Holders Change
-6
Holders Change %
-2.79%
% of All Funds
3.33%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.03%
New
30
Increased
66
Reduced
78
Closed
32
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PS
Portfolio Strategies
New York
+$16.2M
2
Ameriprise
Ameriprise
Minnesota
+$16.1M
3
ODG
O'Dell Group
Ohio
+$15.8M
4
Millennium Management
Millennium Management
New York
+$14.8M
5
AWM
AE Wealth Management
Kansas
+$13.5M

Top Sellers

Rank Fund Capital Flow
1
RJFSA
Raymond James Financial Services Advisors
Florida
-$18.4M
2
UBS Group
UBS Group
Switzerland
-$11.7M
3
DADC
D.A. Davidson & Co
Montana
-$7.5M
4
Morgan Stanley
Morgan Stanley
New York
-$7.22M
5
Goldman Sachs
Goldman Sachs
New York
-$5.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
HighTower Advisors
26
HighTower Advisors
Illinois
$4.09M +$429K +10,162 +10%
SA
27
SFI Advisors
New Jersey
$3.97M +$4.49M +106,419 New
PAG
28
Private Advisor Group
New Jersey
$3.64M +$2.91M +69,036 +243%
GCA
29
Genesee Capital Advisors
New York
$3.6M -$1.81K -43 -0%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$3.48M +$2.46M +58,255 +166%
SL
31
Savior LLC
Massachusetts
$3.48M +$83.4K +1,975 +2%
NA
32
Navellier & Associates
Nevada
$3.35M +$3.79M +89,849 New
MML Investors Services
33
MML Investors Services
Massachusetts
$3.2M -$301K -7,131 -8%
DADC
34
D.A. Davidson & Co
Montana
$3.16M -$7.5M -177,650 -68%
IAA
35
Independent Advisor Alliance
North Carolina
$2.99M +$320K +7,587 +10%
GIA
36
Gladstone Institutional Advisory
Florida
$2.84M +$1.36M +32,236 +73%
GVAG
37
Great Valley Advisor Group
Delaware
$2.83M +$131K +3,096 +4%
SAM
38
Secure Asset Management
Michigan
$2.49M +$1.27M +30,173 +83%
CA
39
Cetera Advisors
Colorado
$2.29M -$478K -11,336 -16%
Cetera Investment Advisers
40
Cetera Investment Advisers
Illinois
$2.23M +$1.77M +42,028 +238%
Rockefeller Capital Management
41
Rockefeller Capital Management
New York
$2.15M -$3.56M -84,295 -59%
Goldman Sachs
42
Goldman Sachs
New York
$1.97M -$5.54M -131,131 -71%
KCFA
43
Key Client Fiduciary Advisors
New Jersey
$1.96M -$182K -4,300 -8%
BRWA
44
B. Riley Wealth Advisors
Florida
$1.91M -$5.28M -125,002 -71%
IFG
45
Independent Financial Group
California
$1.79M +$116K +2,750 +6%
LNC
46
Lincoln National Corp
Pennsylvania
$1.79M +$49.2K +1,165 +2%
FAM
47
Flaharty Asset Management
Florida
$1.76M -$132K -3,119 -6%
Creative Planning
48
Creative Planning
Kansas
$1.74M +$10.9K +259 +0.6%
CWM
49
Concentrum Wealth Management
California
$1.7M -$5.61K -133 -0.3%
WWM
50
Western Wealth Management
Colorado
$1.69M -$574K -13,590 -23%
1
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FXO Hedge Fund Activity: Q1 2023 in Review

209 of the 6,277 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q1 2023, worth a combined $656M — down 6% from $697M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of FXO and 30 opened new positions — a net loss of 2 holders — while 78 trimmed existing stakes and 66 added.

The largest buyer was Portfolio Strategies, opening a new position worth an estimated $16.2M. The largest seller was Raymond James Financial Services Advisors, cutting an estimated $18.4M.

  • 209 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q1 2023, down from 215 in Q4 2022.
  • Funds reported $656M of First Trust Financials AlphaDEX Fund stock for Q1 2023, down 6% quarter-over-quarter.
  • 30 funds opened new First Trust Financials AlphaDEX Fund positions in Q1 2023 and 32 closed out, a net change of -2 holders.
  • The largest First Trust Financials AlphaDEX Fund buyer in Q1 2023 was Portfolio Strategies, an estimated $16.2M added.
  • The largest First Trust Financials AlphaDEX Fund seller in Q1 2023 was Raymond James Financial Services Advisors, an estimated $18.4M sold.

Based on aggregated 13F filings for Q1 2023.