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First Trust Utilities AlphaDEX Fund

98 hedge funds and large institutions have $136M invested in First Trust Utilities AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 19 increasing their positions, 42 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

1% more funds holding

Funds holding: 9798 (+1)

7% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 15

7.05% less ownership

Funds ownership: 66.71%59.66% (-7.1%)

39% less capital invested

Capital invested by funds: $222M → $136M (-$85.9M)

55% less repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 42

Holders
98
Holders Change
+1
Holders Change %
+1.03%
% of All Funds
1.56%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
16
Increased
19
Reduced
42
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
$28.5M -$14.7M -471,184 -32%
LPL Financial
2
LPL Financial
California
$14.2M -$5.18M -165,935 -25%
HI
3
Harbour Investments
Wisconsin
$7.88M -$738K -23,676 -8%
RJA
4
Raymond James & Associates
Florida
$5.32M -$189K -6,058 -3%
CAG
5
Csenge Advisory Group
Florida
$5.08M +$266K +8,537 +5%
Envestnet Asset Management
6
Envestnet Asset Management
Illinois
$5.07M -$1.68M -53,842 -23%
Wells Fargo
7
Wells Fargo
California
$5.06M -$6.78M -217,443 -55%
OPOWM
8
One Plus One Wealth Management
Florida
$4.58M +$5M +160,218 New
Bank of America
9
Bank of America
North Carolina
$4.2M -$1.17M -37,556 -20%
Truist Financial
10
Truist Financial
North Carolina
$4M -$2.05M -65,882 -32%
CAN
11
Cetera Advisor Networks
California
$3.95M +$65K +2,083 +2%
Osaic Holdings
12
Osaic Holdings
Arizona
$3.57M -$137K -4,405 -3%
DWA
13
Delos Wealth Advisors
Texas
$2.76M -$37.8K -1,213 -1%
Janney Montgomery Scott
14
Janney Montgomery Scott
Pennsylvania
$2.57M +$614K +19,673 +28%
CAM
15
Concorde Asset Management
Michigan
$2.51M -$71.7K -2,300 -3%
UBS Group
16
UBS Group
Switzerland
$2.17M -$662K -21,223 -22%
RJFSA
17
Raymond James Financial Services Advisors
Florida
$2.14M -$361K -11,568 -13%
PCH
18
PGIM Custom Harvest
New Jersey
$1.89M +$2.06M +66,096 New
VAS
19
Vestmark Advisory Solutions
Massachusetts
$1.65M -$3.83M -122,853 -68%
WA
20
Win Advisors
Florida
$1.59M +$1.74M +55,647 New
NA
21
NewEdge Advisors
Louisiana
$1.47M +$189K +6,069 +13%
Commonwealth Equity Services
22
Commonwealth Equity Services
Massachusetts
$1.37M +$195K +6,254 +15%
Jane Street
23
Jane Street
New York
$1.36M -$2M -64,269 -57%
Cetera Investment Advisers
24
Cetera Investment Advisers
Illinois
$1.32M -$216K -6,938 -13%
TCM
25
Triumph Capital Management
Colorado
$1.1M +$273K +8,741 +29%

FXU Hedge Fund Activity: Q3 2023 in Review

98 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Utilities AlphaDEX Fund (FXU) for Q3 2023, worth a combined $136M — down 39% from $222M a quarter earlier.

Buyers outnumbered sellers: 16 funds opened new FXU positions and 15 closed out — a net gain of 1 holder — while 19 added to existing stakes and 42 trimmed.

The largest buyer was One Plus One Wealth Management, opening a new position worth an estimated $5M. The largest seller was J. Arnold Wealth Management, cutting an estimated $24.4M.

  • 98 institutional investors held First Trust Utilities AlphaDEX Fund (FXU) as of Q3 2023, up from 97 in Q2 2023.
  • Funds reported $136M of First Trust Utilities AlphaDEX Fund stock for Q3 2023, down 39% quarter-over-quarter.
  • 16 funds opened new First Trust Utilities AlphaDEX Fund positions in Q3 2023 and 15 closed out, a net change of +1 holder.
  • The largest First Trust Utilities AlphaDEX Fund buyer in Q3 2023 was One Plus One Wealth Management, an estimated $5M added.
  • The largest First Trust Utilities AlphaDEX Fund seller in Q3 2023 was J. Arnold Wealth Management, an estimated $24.4M sold.

Based on aggregated 13F filings for Q3 2023.