First Trust Materials AlphaDEX Fund
FXZ
61 hedge funds and large institutions have $53.3M invested in First Trust Materials AlphaDEX Fund in 2019 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 16 increasing their positions, 23 reducing their positions, and 9 closing their positions.
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
3% more funds holding
Funds holding: 59 → 61 (+2)
11.2% less ownership
Funds ownership: 55.21% → 44.01% (-11%)
23% less capital invested
Capital invested by funds: $69M → $53.3M (-$15.7M)
30% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 23
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VCM
Virtue Capital Management
Brentwood,
Tennessee
|
+$3.6M |
| 2 |
Goldman Sachs
New York
|
+$1.74M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$1.64M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.35M |
| 5 |
OAM
Occidental Asset Management
Burlingame,
California
|
+$1.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FEM
Fulcrum Equity Management
Plano,
Texas
|
-$18M |
| 2 |
Morgan Stanley
New York
|
-$2.23M |
| 3 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$1.59M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$956K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$955K |
FXZ Hedge Fund Activity: Q3 2019 in Review
61 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q3 2019, worth a combined $53.3M — down 23% from $69M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new FXZ positions and 9 closed out — a net gain of 3 holders — while 16 added to existing stakes and 23 trimmed.
The largest buyer was Virtue Capital Management, opening a new position worth an estimated $3.6M. The largest seller was Fulcrum Equity Management, cutting an estimated $18M.
- 61 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q3 2019, up from 59 in Q2 2019.
- Funds reported $53.3M of First Trust Materials AlphaDEX Fund stock for Q3 2019, down 23% quarter-over-quarter.
- 12 funds opened new First Trust Materials AlphaDEX Fund positions in Q3 2019 and 9 closed out, a net change of +3 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q3 2019 was Virtue Capital Management, an estimated $3.6M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q3 2019 was Fulcrum Equity Management, an estimated $18M sold.
Based on aggregated 13F filings for Q3 2019.