First Trust Materials AlphaDEX Fund
FXZ
60 hedge funds and large institutions have $698M invested in First Trust Materials AlphaDEX Fund in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 34 increasing their positions, 7 reducing their positions, and 3 closing their positions.
400% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 3
386% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 7
84% more capital invested
Capital invested by funds: $379M → $698M (+$319M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
25% more funds holding
Funds holding: 48 → 60 (+12)
8.02% more ownership
Funds ownership: 75.3% → 83.33% (+8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$141M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$57.3M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$18.4M |
| 4 |
Morgan Stanley
New York
|
+$10.3M |
| 5 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$9.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FA
FDx Advisors
Chicago,
Illinois
|
-$1.84M |
| 2 |
BCM
Barometer Capital Management
Toronto,
Ontario, Canada
|
-$405K |
| 3 |
SFU
Stonehage Fleming (UK)
London,
United Kingdom
|
-$313K |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$116K |
| 5 |
JP Morgan Chase
New York
|
-$86.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIG
51
American International Group
New York
| $82.4K | +$17K | +525 | +27% |
|
|
PTC
52
Private Trust Company
Cleveland,
Ohio
| $64K | +$12.4K | +384 | +25% |
|
|
MFS
53
MSI Financial Services
Springfield,
Massachusetts
| $56K | +$27.8K | +860 | +103% |
|
54
US Bancorp
Minneapolis,
Minnesota
| $48K | +$35.9K | +1,111 | +331% |
|
|
NES
55
New England Securities
New York
| $20K | – | – | – |
|
|
FAM
56
Formidable Asset Management
Cincinnati,
Ohio
| $12K | – | – | – |
|
57
PNC Financial Services Group
Pittsburgh,
Pennsylvania
| $8K | -$1.33K | -41 | -14% |
|
58
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| $4K | +$3.49K | +108 | New |
|
|
AC
59
Alexandria Capital
Arlington,
Virginia
| $2K | – | – | – |
|
|
WA
60
WFG Advisors
Dallas,
Texas
| $2K | – | – | – |
|
|
BCM
61
Barometer Capital Management
Toronto,
Ontario, Canada
| – | -$405K | -12,500 | Closed |
|
62
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$28K | -859 | Closed |
|
|
ASN
63
Advisory Services Network
Atlanta,
Georgia
| – | -$27K | -836 | Closed |
|
FXZ Hedge Fund Activity: Q1 2014 in Review
60 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q1 2014, worth a combined $698M — up 84% from $379M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new FXZ positions and 3 closed out — a net gain of 12 holders — while 34 added to existing stakes and 7 trimmed.
The largest buyer was F-Squared Investment Management, adding an estimated $141M. The largest seller was FDx Advisors, cutting an estimated $1.84M.
- 60 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q1 2014, up from 48 in Q4 2013.
- Funds reported $698M of First Trust Materials AlphaDEX Fund stock for Q1 2014, up 84% quarter-over-quarter.
- 15 funds opened new First Trust Materials AlphaDEX Fund positions in Q1 2014 and 3 closed out, a net change of +12 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q1 2014 was F-Squared Investment Management, an estimated $141M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q1 2014 was FDx Advisors, an estimated $1.84M sold.
Based on aggregated 13F filings for Q1 2014.