First Trust Materials AlphaDEX Fund
FXZ
68 hedge funds and large institutions have $141M invested in First Trust Materials AlphaDEX Fund in 2017 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 19 increasing their positions, 38 reducing their positions, and 9 closing their positions.
11.53% less ownership
Funds ownership: 61.72% → 50.19% (-12%)
13% less funds holding
Funds holding: 78 → 68 (-10)
22% less capital invested
Capital invested by funds: $181M → $141M (-$40.5M)
50% less repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 38
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
89% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$3.17M |
| 2 |
MIAN
Mariner Independent Advisor Network
Overland Park,
Kansas
|
+$2.04M |
| 3 |
Morgan Stanley
New York
|
+$1.29M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$795K |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$378K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NA
Navellier & Associates
Reno,
Nevada
|
-$16.6M |
| 2 |
CAN
Cetera Advisor Networks
El Segundo,
California
|
-$6.01M |
| 3 |
PFA
Pinnacle Family Advisors
Springfield,
Missouri
|
-$5.32M |
| 4 |
HA
Hays Advisory
Franklin,
Tennessee
|
-$5.21M |
| 5 |
BTS
BB&T Securities
Richmond,
Virginia
|
-$4.19M |
FXZ Hedge Fund Activity: Q3 2017 in Review
68 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q3 2017, worth a combined $141M — down 22% from $181M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of FXZ and 1 opened new positions — a net loss of 8 holders — while 38 trimmed existing stakes and 19 added.
The largest buyer was LPL Financial, adding an estimated $3.17M. The largest seller was Navellier & Associates, exiting entirely with an estimated $16.6M sold.
- 68 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q3 2017, down from 78 in Q2 2017.
- Funds reported $141M of First Trust Materials AlphaDEX Fund stock for Q3 2017, down 22% quarter-over-quarter.
- 1 fund opened new First Trust Materials AlphaDEX Fund positions in Q3 2017 and 9 closed out, a net change of -8 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q3 2017 was LPL Financial, an estimated $3.17M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q3 2017 was Navellier & Associates, an estimated $16.6M sold.
Based on aggregated 13F filings for Q3 2017.