First Trust Financials AlphaDEX Fund
189 hedge funds and large institutions have $538M invested in First Trust Financials AlphaDEX Fund in 2023 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 40 increasing their positions, 91 reducing their positions, and 16 closing their positions.
69% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 16
24% more capital invested
Capital invested by funds: $436M → $538M (+$103M)
8.93% more ownership
Funds ownership: 57.74% → 66.68% (+8.9%)
6% more funds holding
Funds holding: 178 → 189 (+11)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
56% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$73.3M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
+$2.34M |
| 3 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$1.74M |
| 4 |
MML Investors Services
Springfield,
Massachusetts
|
+$1.25M |
| 5 |
CW
CreativeOne Wealth
Overland Park,
Kansas
|
+$725K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$6.04M |
| 2 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
-$4.33M |
| 3 |
KAS
Kestra Advisory Services
Austin,
Texas
|
-$3.77M |
| 4 |
IPW
IronBridge Private Wealth
Austin,
Texas
|
-$3.65M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$3.47M |
FXO Hedge Fund Activity: Q4 2023 in Review
189 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q4 2023, worth a combined $538M — up 24% from $436M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new FXO positions and 16 closed out — a net gain of 11 holders — while 40 added to existing stakes and 91 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $73.3M. The largest seller was Wells Fargo, cutting an estimated $6.04M.
- 189 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q4 2023, up from 178 in Q3 2023.
- Funds reported $538M of First Trust Financials AlphaDEX Fund stock for Q4 2023, up 24% quarter-over-quarter.
- 27 funds opened new First Trust Financials AlphaDEX Fund positions in Q4 2023 and 16 closed out, a net change of +11 holders.
- The largest First Trust Financials AlphaDEX Fund buyer in Q4 2023 was Morgan Stanley, an estimated $73.3M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q4 2023 was Wells Fargo, an estimated $6.04M sold.
Based on aggregated 13F filings for Q4 2023.