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First Trust Financials AlphaDEX Fund

185 hedge funds and large institutions have $509M invested in First Trust Financials AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 50 increasing their positions, 84 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 15

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

2% less funds holding

Funds holding: 189185 (-4)

5% less capital invested

Capital invested by funds: $538M → $509M (-$29M)

8.02% less ownership

Funds ownership: 66.68%58.65% (-8%)

40% less repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 84

Holders
185
Holders Change
-4
Holders Change %
-2.12%
% of All Funds
2.66%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.01%
New
16
Increased
50
Reduced
84
Closed
15
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$91.7M -$91.8M -2,068,284 -52%
LPL Financial
2
LPL Financial
California
$64.3M +$1.17M +26,377 +2%
Wells Fargo
3
Wells Fargo
California
$62.2M -$8.66M -195,298 -13%
RJFSA
4
Raymond James Financial Services Advisors
Florida
$22.8M +$7.79M +175,641 +58%
Bank of America
5
Bank of America
North Carolina
$22.6M +$142K +3,191 +0.7%
UBS Group
6
UBS Group
Switzerland
$19.6M -$1.27M -28,586 -6%
RJA
7
Raymond James & Associates
Florida
$15.5M +$1.6M +35,969 +12%
Envestnet Asset Management
8
Envestnet Asset Management
Illinois
$11.7M +$6.22M +140,256 +133%
Truist Financial
9
Truist Financial
North Carolina
$10.8M +$5.54M +124,840 +123%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$8.9M +$2.27M +51,240 +38%
Stifel Financial
11
Stifel Financial
Missouri
$8.33M +$200K +4,510 +3%
Commonwealth Equity Services
12
Commonwealth Equity Services
Massachusetts
$7.7M +$1.03M +23,266 +17%
Ameriprise
13
Ameriprise
Minnesota
$6.56M -$1.63M -36,631 -21%
Cetera Investment Advisers
14
Cetera Investment Advisers
Illinois
$6.37M +$4.52M +101,820 +316%
SA
15
SFI Advisors
New Jersey
$6.07M +$1.35M +30,438 +31%
VCM
16
Virtue Capital Management
Tennessee
$5.99M +$5.95M +134,046 New
Janney Montgomery Scott
17
Janney Montgomery Scott
Pennsylvania
$5.76M -$81.7K -1,842 -1%
VAS
18
Vestmark Advisory Solutions
Massachusetts
$5.39M +$175K +3,936 +4%
Osaic Holdings
19
Osaic Holdings
Arizona
$5.15M -$1.24M -28,021 -21%
IAA
20
Independent Advisor Alliance
North Carolina
$4.47M -$470K -10,601 -10%
DADC
21
D.A. Davidson & Co
Montana
$3.99M +$15.7K +355 +0.4%
MCM
22
Monument Capital Management
Virginia
$3.87M +$2.96M +66,825 +460%
NA
23
Navellier & Associates
Nevada
$3.83M -$358K -8,063 -9%
GS
24
GTS Securities
New York
$3.82M +$3.27M +73,732 +1,110%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$3.5M -$230K -5,188 -7%

FXO Hedge Fund Activity: Q1 2024 in Review

185 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q1 2024, worth a combined $509M — down 5.4% from $538M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FXO positions and 15 closed out — a net gain of 1 holder — while 50 added to existing stakes and 84 trimmed.

The largest buyer was Raymond James Financial Services Advisors, adding an estimated $7.79M. The largest seller was Morgan Stanley, cutting an estimated $91.8M.

  • 185 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q1 2024, down from 189 in Q4 2023.
  • Funds reported $509M of First Trust Financials AlphaDEX Fund stock for Q1 2024, down 5.4% quarter-over-quarter.
  • 16 funds opened new First Trust Financials AlphaDEX Fund positions in Q1 2024 and 15 closed out, a net change of +1 holder.
  • The largest First Trust Financials AlphaDEX Fund buyer in Q1 2024 was Raymond James Financial Services Advisors, an estimated $7.79M added.
  • The largest First Trust Financials AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $91.8M sold.

Based on aggregated 13F filings for Q1 2024.