First Trust Financials AlphaDEX Fund
104 hedge funds and large institutions have $610M invested in First Trust Financials AlphaDEX Fund in 2016 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 45 increasing their positions, 25 reducing their positions, and 15 closing their positions.
80% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 25
60% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 15
28% more capital invested
Capital invested by funds: $476M → $610M (+$134M)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
7% more funds holding
Funds holding: 97 → 104 (+7)
2% more ownership
Funds ownership: 61.3% → 63.31% (+2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$20.7M |
| 2 |
Morgan Stanley
New York
|
+$15M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$11.2M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$10.3M |
| 5 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$8.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Astor Investment Management
Chicago,
Illinois
|
-$25.9M |
| 2 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
-$8.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$5.26M |
| 4 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
-$2.05M |
| 5 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
-$1.8M |
FXO Hedge Fund Activity: Q4 2016 in Review
104 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q4 2016, worth a combined $610M — up 28% from $476M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new FXO positions and 15 closed out — a net gain of 9 holders — while 45 added to existing stakes and 25 trimmed.
The largest buyer was Bank of America, adding an estimated $20.7M. The largest seller was Astor Investment Management, exiting entirely with an estimated $25.9M sold.
- 104 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q4 2016, up from 97 in Q3 2016.
- Funds reported $610M of First Trust Financials AlphaDEX Fund stock for Q4 2016, up 28% quarter-over-quarter.
- 24 funds opened new First Trust Financials AlphaDEX Fund positions in Q4 2016 and 15 closed out, a net change of +9 holders.
- The largest First Trust Financials AlphaDEX Fund buyer in Q4 2016 was Bank of America, an estimated $20.7M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q4 2016 was Astor Investment Management, an estimated $25.9M sold.
Based on aggregated 13F filings for Q4 2016.