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First Trust Financials AlphaDEX Fund

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: 12 (+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: 215209 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$117M -$7.22M -171,072 -5%
Wells Fargo
2
Wells Fargo
California
$63M -$289K -6,838 -0.4%
LPL Financial
3
LPL Financial
California
$59.5M -$5.39M -127,759 -7%
UBS Group
4
UBS Group
Switzerland
$35.9M -$11.7M -277,255 -22%
Bank of America
5
Bank of America
North Carolina
$31.8M -$1.19M -28,108 -3%
RJA
6
Raymond James & Associates
Florida
$26.2M +$3.79M +89,687 +15%
Ameriprise
7
Ameriprise
Minnesota
$21.2M +$16.1M +380,261 +202%
RJFSA
8
Raymond James Financial Services Advisors
Florida
$15.9M -$18.4M -434,844 -51%
PS
9
Portfolio Strategies
New York
$14.3M +$16.2M +384,081 New
ODG
10
O'Dell Group
Ohio
$13.9M +$15.8M +373,241 New
Millennium Management
11
Millennium Management
New York
$13.1M +$14.8M +351,614 New
Truist Financial
12
Truist Financial
North Carolina
$13.1M +$3.17M +75,044 +27%
Royal Bank of Canada
13
Royal Bank of Canada
Ontario, Canada
$13.1M +$1.04M +24,552 +8%
AWM
14
AE Wealth Management
Kansas
$12M +$13.5M +320,211 New
Stifel Financial
15
Stifel Financial
Missouri
$11.3M +$2.52M +59,719 +24%
Osaic Holdings
16
Osaic Holdings
Arizona
$7.7M -$745K -17,646 -8%
IAIM
17
International Assets Investment Management
Florida
$6.6M +$5.63M +133,285 New
RIA
18
Regal Investment Advisors
Michigan
$6.43M +$626K +14,820 +9%
Envestnet Asset Management
19
Envestnet Asset Management
Illinois
$5.59M -$3.06M -72,597 -33%
Janney Montgomery Scott
20
Janney Montgomery Scott
Pennsylvania
$5.06M -$283K -6,711 -5%
CA
21
Crumly & Associates
Illinois
$4.91M +$263K +6,234 +5%
KAS
22
Kestra Advisory Services
Texas
$4.75M +$60.1K +1,423 +1%
Baird Financial Group
23
Baird Financial Group
Wisconsin
$4.47M +$2.54M +60,173 +101%
Cambridge Investment Research Advisors
24
Cambridge Investment Research Advisors
Iowa
$4.41M -$1M -23,796 -17%
SPIA
25
Steward Partners Investment Advisory
New York
$4.22M +$714K +16,907 +18%

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.