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.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+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: 215 → 209 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PS
Portfolio Strategies
Monsey,
New York
|
+$16.2M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$16.1M |
| 3 |
ODG
O'Dell Group
Cincinnati,
Ohio
|
+$15.8M |
| 4 |
Millennium Management
New York
|
+$14.8M |
| 5 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$18.4M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$11.7M |
| 3 |
DADC
D.A. Davidson & Co
Great Falls,
Montana
|
-$7.5M |
| 4 |
Morgan Stanley
New York
|
-$7.22M |
| 5 |
Goldman Sachs
New York
|
-$5.54M |
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.