First Trust Materials AlphaDEX Fund
FXZ
73 hedge funds and large institutions have $146M invested in First Trust Materials AlphaDEX Fund in 2018 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 23 increasing their positions, 28 reducing their positions, and 13 closing their positions.
0.64% more ownership
Funds ownership: 53.5% → 54.14% (+0.64%)
8% less funds holding
Funds holding: 79 → 73 (-6)
12% less capital invested
Capital invested by funds: $166M → $146M (-$20M)
18% less repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 28
38% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIM
Astor Investment Management
Chicago,
Illinois
|
+$7.25M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.79M |
| 3 |
GFPC
Global Financial Private Capital
Sarasota,
Florida
|
+$1.57M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$1.13M |
| 5 |
AW
ACG Wealth
Atlanta,
Georgia
|
+$898K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$15.4M |
| 2 |
VF
Virtu Financial
New York
|
-$2.35M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$2.27M |
| 4 |
AA
Advisory Alpha
Holland,
Michigan
|
-$2.13M |
| 5 |
HH
Hilltop Holdings
Dallas,
Texas
|
-$1.81M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DBRC
76
D.B. Root & Company
Pittsburgh,
Pennsylvania
| – | -$739K | -17,672 | Closed |
|
|
FAAS
77
First Allied Advisory Services
San Diego,
California
| – | -$339K | -8,007 | Closed |
|
|
PWA
78
Peterson Wealth Advisors
Orem,
Utah
| – | -$200K | -4,785 | Closed |
|
79
SEI Investments
Oaks,
Pennsylvania
| – | -$65K | -1,547 | Closed |
|
80
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| – | -$31K | -743 | Closed |
|
|
KCPG
81
Kavar Capital Partners Group
Leawood,
Kansas
| – | -$14K | -326 | Closed |
|
82
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$5K | -125 | Closed |
|
|
WAP
83
Wealthcare Advisory Partners
West Chester,
Pennsylvania
| – | -$4K | -106 | Closed |
|
|
RFM
84
Royal Fund Management
Lady Lake,
Florida
| – | -$2K | -51 | Closed |
|
|
CWSR
85
Chessman Wealth Strategies RIA
Dallas,
Texas
| – | +$85 | +2 | New |
|
FXZ Hedge Fund Activity: Q3 2018 in Review
73 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q3 2018, worth a combined $146M — down 12% from $166M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of FXZ and 8 opened new positions — a net loss of 5 holders — while 28 trimmed existing stakes and 23 added.
The largest buyer was Astor Investment Management, adding an estimated $7.25M. The largest seller was Morgan Stanley, cutting an estimated $15.4M.
- 73 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q3 2018, down from 79 in Q2 2018.
- Funds reported $146M of First Trust Materials AlphaDEX Fund stock for Q3 2018, down 12% quarter-over-quarter.
- 8 funds opened new First Trust Materials AlphaDEX Fund positions in Q3 2018 and 13 closed out, a net change of -5 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q3 2018 was Astor Investment Management, an estimated $7.25M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q3 2018 was Morgan Stanley, an estimated $15.4M sold.
Based on aggregated 13F filings for Q3 2018.