First Trust Utilities AlphaDEX Fund
FXU
103 hedge funds and large institutions have $216M invested in First Trust Utilities AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 35 increasing their positions, 36 reducing their positions, and 24 closing their positions.
3% less repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 36
2.99% less ownership
Funds ownership: 69.34% → 66.35% (-3%)
10% less funds holding
Funds holding: 114 → 103 (-11)
15% less capital invested
Capital invested by funds: $255M → $216M (-$38.7M)
33% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 24
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWA
Delos Wealth Advisors
Dallas,
Texas
|
+$2.92M |
| 2 |
Morgan Stanley
New York
|
+$1.48M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
+$930K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$880K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$858K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
-$15.4M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$5.46M |
| 3 |
AWM
AE Wealth Management
Topeka,
Kansas
|
-$2.91M |
| 4 |
CAM
Concorde Asset Management
Ann Arbor,
Michigan
|
-$2.7M |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
-$2.52M |
FXU Hedge Fund Activity: Q1 2023 in Review
103 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Utilities AlphaDEX Fund (FXU) for Q1 2023, worth a combined $216M — down 15% from $255M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of FXU and 16 opened new positions — a net loss of 8 holders — while 36 trimmed existing stakes and 35 added.
The largest buyer was Delos Wealth Advisors, opening a new position worth an estimated $2.92M. The largest seller was Virtue Capital Management, exiting entirely with an estimated $15.4M sold.
- 103 institutional investors held First Trust Utilities AlphaDEX Fund (FXU) as of Q1 2023, down from 114 in Q4 2022.
- Funds reported $216M of First Trust Utilities AlphaDEX Fund stock for Q1 2023, down 15% quarter-over-quarter.
- 16 funds opened new First Trust Utilities AlphaDEX Fund positions in Q1 2023 and 24 closed out, a net change of -8 holders.
- The largest First Trust Utilities AlphaDEX Fund buyer in Q1 2023 was Delos Wealth Advisors, an estimated $2.92M added.
- The largest First Trust Utilities AlphaDEX Fund seller in Q1 2023 was Virtue Capital Management, an estimated $15.4M sold.
Based on aggregated 13F filings for Q1 2023.