First Trust Financials AlphaDEX Fund
79 hedge funds and large institutions have $424M invested in First Trust Financials AlphaDEX Fund in 2015 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 28 increasing their positions, 29 reducing their positions, and 18 closing their positions.
3% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 29
7.46% less ownership
Funds ownership: 70.2% → 62.73% (-7.5%)
8% less funds holding
Funds holding: 86 → 79 (-7)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
51% less capital invested
Capital invested by funds: $862M → $424M (-$439M)
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$10.5M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$7.86M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$6.89M |
| 4 |
ACM
Aviance Capital Management
Sarasota,
Florida
|
+$5.25M |
| 5 |
SG Americas Securities
New York
|
+$2.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$355M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$43.5M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$15.8M |
| 4 |
Goldman Sachs
New York
|
-$11.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$8.87M |
FXO Hedge Fund Activity: Q1 2015 in Review
79 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q1 2015, worth a combined $424M — down 51% from $862M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FXO and 13 opened new positions — a net loss of 5 holders — while 29 trimmed existing stakes and 28 added.
The largest buyer was Astor Investment Management, adding an estimated $10.5M. The largest seller was F-Squared Investment Management, exiting entirely with an estimated $355M sold.
- 79 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q1 2015, down from 86 in Q4 2014.
- Funds reported $424M of First Trust Financials AlphaDEX Fund stock for Q1 2015, down 51% quarter-over-quarter.
- 13 funds opened new First Trust Financials AlphaDEX Fund positions in Q1 2015 and 18 closed out, a net change of -5 holders.
- The largest First Trust Financials AlphaDEX Fund buyer in Q1 2015 was Astor Investment Management, an estimated $10.5M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q1 2015 was F-Squared Investment Management, an estimated $355M sold.
Based on aggregated 13F filings for Q1 2015.