First Trust Financials AlphaDEX Fund
177 hedge funds and large institutions have $492M invested in First Trust Financials AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 40 increasing their positions, 95 reducing their positions, and 41 closing their positions.
5.11% less ownership
Funds ownership: 62.21% → 57.1% (-5.1%)
15% less funds holding
Funds holding: 209 → 177 (-32)
24% less call options, than puts
Call options by funds: $226K | Put options by funds: $298K
26% less capital invested
Capital invested by funds: $669M → $492M (-$177M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
58% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 95
73% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$3.93M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$1.94M |
| 3 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.85M |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.44M |
| 5 |
KAS
Kestra Advisory Services
Austin,
Texas
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$30.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$18.5M |
| 3 |
PS
Portfolio Strategies
Monsey,
New York
|
-$14.3M |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$12M |
| 5 |
Millennium Management
New York
|
-$11.8M |
FXO Hedge Fund Activity: Q2 2023 in Review
177 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q2 2023, worth a combined $492M — down 26% from $669M a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of FXO and 11 opened new positions — a net loss of 30 holders — while 95 trimmed existing stakes and 40 added.
The largest buyer was Coppell Advisory Solutions, adding an estimated $3.93M. The largest seller was Morgan Stanley, cutting an estimated $30.2M.
- 177 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q2 2023, down from 209 in Q1 2023.
- Funds reported $492M of First Trust Financials AlphaDEX Fund stock for Q2 2023, down 26% quarter-over-quarter.
- 11 funds opened new First Trust Financials AlphaDEX Fund positions in Q2 2023 and 41 closed out, a net change of -30 holders.
- The largest First Trust Financials AlphaDEX Fund buyer in Q2 2023 was Coppell Advisory Solutions, an estimated $3.93M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q2 2023 was Morgan Stanley, an estimated $30.2M sold.
Based on aggregated 13F filings for Q2 2023.