First Trust Financials AlphaDEX Fund
185 hedge funds and large institutions have $509M invested in First Trust Financials AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 84 reducing their positions, and 15 closing their positions.
7% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 15
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 189 → 185 (-4)
5% less capital invested
Capital invested by funds: $538M → $509M (-$29M)
8.02% less ownership
Funds ownership: 66.68% → 58.65% (-8%)
40% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 84
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$7.79M |
| 2 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.22M |
| 3 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$5.95M |
| 4 |
Truist Financial
Charlotte,
North Carolina
|
+$5.54M |
| 5 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$4.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$91.8M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$8.66M |
| 3 |
MML Investors Services
Springfield,
Massachusetts
|
-$3M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2.46M |
| 5 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$2.35M |
FXO Hedge Fund Activity: Q1 2024 in Review
185 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q1 2024, worth a combined $509M — down 5.4% from $538M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new FXO positions and 15 closed out — a net gain of 1 holder — while 50 added to existing stakes and 84 trimmed.
The largest buyer was Raymond James Financial Services Advisors, adding an estimated $7.79M. The largest seller was Morgan Stanley, cutting an estimated $91.8M.
- 185 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q1 2024, down from 189 in Q4 2023.
- Funds reported $509M of First Trust Financials AlphaDEX Fund stock for Q1 2024, down 5.4% quarter-over-quarter.
- 16 funds opened new First Trust Financials AlphaDEX Fund positions in Q1 2024 and 15 closed out, a net change of +1 holder.
- The largest First Trust Financials AlphaDEX Fund buyer in Q1 2024 was Raymond James Financial Services Advisors, an estimated $7.79M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $91.8M sold.
Based on aggregated 13F filings for Q1 2024.