First Trust Financials AlphaDEX Fund
222 hedge funds and large institutions have $662M invested in First Trust Financials AlphaDEX Fund in 2026 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 67 increasing their positions, 91 reducing their positions, and 36 closing their positions.
9% less funds holding
Funds holding: 245 → 222 (-23)
16.66% less ownership
Funds ownership: 79.81% → 63.15% (-17%)
26% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 91
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
53% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 36
61% less capital invested
Capital invested by funds: $1.72B → $662M (-$1.06B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Two Sigma Investments
New York
|
+$8.44M |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.29M |
| 3 |
PWS
Proactive Wealth Strategies
Marietta,
Georgia
|
+$2.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.96M |
| 5 |
HF
HRT Financial
New York
|
+$1.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$765M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$35M |
| 3 |
Morgan Stanley
New York
|
-$32.8M |
| 4 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
-$22.1M |
| 5 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$19.4M |
FXO Hedge Fund Activity: Q1 2026 in Review
222 of the 8,187 institutional investors tracked by Wall St. Rank reported a position in First Trust Financials AlphaDEX Fund (FXO) for Q1 2026, worth a combined $662M — down 61% from $1.72B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of FXO and 17 opened new positions — a net loss of 19 holders — while 91 trimmed existing stakes and 67 added.
The largest buyer was Two Sigma Investments, adding an estimated $8.44M. The largest seller was First Trust Advisors, exiting entirely with an estimated $765M sold.
- 222 institutional investors held First Trust Financials AlphaDEX Fund (FXO) as of Q1 2026, down from 245 in Q4 2025.
- Funds reported $662M of First Trust Financials AlphaDEX Fund stock for Q1 2026, down 61% quarter-over-quarter.
- 17 funds opened new First Trust Financials AlphaDEX Fund positions in Q1 2026 and 36 closed out, a net change of -19 holders.
- The largest First Trust Financials AlphaDEX Fund buyer in Q1 2026 was Two Sigma Investments, an estimated $8.44M added.
- The largest First Trust Financials AlphaDEX Fund seller in Q1 2026 was First Trust Advisors, an estimated $765M sold.
Based on aggregated 13F filings for Q1 2026.