First Trust Utilities AlphaDEX Fund
FXU
23 hedge funds and large institutions have $73M invested in First Trust Utilities AlphaDEX Fund in 2013 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 7 reducing their positions, and 15 closing their positions.
29% more repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 7
16.08% less ownership
Funds ownership: 84.02% → 67.94% (-16%)
34% less funds holding
Funds holding: 35 → 23 (-12)
65% less capital invested
Capital invested by funds: $209M → $73M (-$136M)
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$5.61M |
| 2 |
U
UBS
Zurich,
Switzerland
|
+$824K |
| 3 |
SAM
SignalPoint Asset Management
Springfield,
Missouri
|
+$660K |
| 4 |
NES
New England Securities
New York
|
+$511K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$407K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
Navellier & Associates
Reno,
Nevada
|
-$58M |
| 2 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
-$27.4M |
| 3 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$23.8M |
| 4 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$18.6M |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
-$4.75M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PPA
26
Parametric Portfolio Associates
Seattle,
Washington
| – | -$18.6M | -935,859 | Closed |
|
|
PI
27
Placemark Investments
Chicago,
Illinois
| – | -$4.75M | -238,858 | Closed |
|
|
FA
28
FDx Advisors
Chicago,
Illinois
| – | -$2.71M | -136,009 | Closed |
|
|
BTS
29
BB&T Securities
Richmond,
Virginia
| – | -$23.8M | -119,758 | Closed |
|
|
PFS
30
Prospera Financial Services
Dallas,
Texas
| – | -$1.1M | -54,741 | Closed |
|
|
VF
31
Virtu Financial
New York
| – | -$910K | -45,745 | Closed |
|
32
Janney Montgomery Scott
Philadelphia,
Pennsylvania
| – | -$456K | -22,921 | Closed |
|
|
VKH
33
Virtu KCG Holdings
New York
| – | -$388K | -19,486 | Closed |
|
34
Commonwealth Equity Services
Waltham,
Massachusetts
| – | -$236K | -11,839 | Closed |
|
35
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$151K | -7,597 | Closed |
|
|
RIA
36
Regal Investment Advisors
Kentwood,
Michigan
| – | -$72K | -3,613 | Closed |
|
37
Nomura Holdings
Tokyo,
Japan
| – | -$6K | -300 | Closed |
|
|
KIG
38
Kessler Investment Group
Columbus,
Indiana
| – | -$3K | -175 | Closed |
|
FXU Hedge Fund Activity: Q4 2013 in Review
23 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in First Trust Utilities AlphaDEX Fund (FXU) for Q4 2013, worth a combined $73M — down 65% from $209M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of FXU and 4 opened new positions — a net loss of 11 holders — while 7 trimmed existing stakes and 9 added.
The largest buyer was Bank of America, adding an estimated $5.61M. The largest seller was Navellier & Associates, exiting entirely with an estimated $58M sold.
- 23 institutional investors held First Trust Utilities AlphaDEX Fund (FXU) as of Q4 2013, down from 35 in Q3 2013.
- Funds reported $73M of First Trust Utilities AlphaDEX Fund stock for Q4 2013, down 65% quarter-over-quarter.
- 4 funds opened new First Trust Utilities AlphaDEX Fund positions in Q4 2013 and 15 closed out, a net change of -11 holders.
- The largest First Trust Utilities AlphaDEX Fund buyer in Q4 2013 was Bank of America, an estimated $5.61M added.
- The largest First Trust Utilities AlphaDEX Fund seller in Q4 2013 was Navellier & Associates, an estimated $58M sold.
Based on aggregated 13F filings for Q4 2013.