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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.

New
Increased
Maintained
Reduced
Closed

5.11% less ownership

Funds ownership: 62.21%57.1% (-5.1%)

15% less funds holding

Funds holding: 209177 (-32)

24% less call options, than puts

Call options by funds: $226K | Put options by funds: $298K

25% less capital invested

Capital invested by funds: $656M → $492M (-$164M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-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

Holders
177
Holders Change
-32
Holders Change %
-15.31%
% of All Funds
2.78%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
11
Increased
40
Reduced
95
Closed
41
Calls
$226K
Puts
$298K
Net Calls
-$72K
Net Calls Change
-$72K
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$87.3M -$30.2M -819,323 -26%
Wells Fargo
2
Wells Fargo
California
$65.6M +$1.94M +52,612 +3%
LPL Financial
3
LPL Financial
California
$54.5M -$5.43M -147,462 -9%
Bank of America
4
Bank of America
North Carolina
$26.6M -$5.4M -146,630 -17%
Ameriprise
5
Ameriprise
Minnesota
$20M -$1.43M -38,739 -7%
UBS Group
6
UBS Group
Switzerland
$17.3M -$18.5M -502,212 -52%
ODG
7
O'Dell Group
Ohio
$15M +$896K +24,354 +7%
RJA
8
Raymond James & Associates
Florida
$14.8M -$11.4M -308,565 -44%
RJFSA
9
Raymond James Financial Services Advisors
Florida
$13.8M -$2.2M -59,697 -14%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$8.07M -$5.51M -149,750 -41%
Royal Bank of Canada
11
Royal Bank of Canada
Ontario, Canada
$7.04M -$6M -162,963 -47%
Stifel Financial
12
Stifel Financial
Missouri
$7.01M -$4.34M -117,811 -39%
Truist Financial
13
Truist Financial
North Carolina
$6.81M -$6.25M -169,696 -48%
RIA
14
Regal Investment Advisors
Michigan
$6.48M -$18.6K -506 -0.3%
Osaic Holdings
15
Osaic Holdings
Arizona
$6.38M -$1.37M -37,176 -18%
KAS
16
Kestra Advisory Services
Texas
$6.11M +$1.28M +34,878 +27%
Envestnet Asset Management
17
Envestnet Asset Management
Illinois
$5.6M -$49.2K -1,338 -0.9%
Janney Montgomery Scott
18
Janney Montgomery Scott
Pennsylvania
$4.67M -$437K -11,880 -9%
CAS
19
Coppell Advisory Solutions
Texas
$4.51M +$3.93M +106,815 +831%
SA
20
SFI Advisors
New Jersey
$4.04M +$26.8K +728 +0.7%
HighTower Advisors
21
HighTower Advisors
Illinois
$4M -$134K -3,653 -3%
IAA
22
Independent Advisor Alliance
North Carolina
$3.87M +$829K +22,536 +28%
CA
23
Crumly & Associates
Illinois
$3.8M -$1.14M -30,963 -24%
MML Investors Services
24
MML Investors Services
Massachusetts
$3.28M +$52.4K +1,423 +2%
DADC
25
D.A. Davidson & Co
Montana
$3M -$183K -4,979 -6%

FXO Hedge Fund Activity: Q2 2023 in Review

177 of the 6,369 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 25% from $656M 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 25% 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.