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)
61% less capital invested
Capital invested by funds: $187M → $73M (-$114M)
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 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
-$18.6M |
| 4 |
PI
Placemark Investments
Chicago,
Illinois
|
-$4.75M |
| 5 |
Wells Fargo
San Francisco,
California
|
-$3.46M |
FXU Hedge Fund Activity: Q4 2013 in Review
23 of the 3,459 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 61% from $187M 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 61% 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.