First Trust Materials AlphaDEX Fund
FXZ
130 hedge funds and large institutions have $274M invested in First Trust Materials AlphaDEX Fund in 2024 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 67 reducing their positions, and 18 closing their positions.
4.79% less ownership
Funds ownership: 67.34% → 62.55% (-4.8%)
9% less funds holding
Funds holding: 143 → 130 (-13)
14% less capital invested
Capital invested by funds: $318M → $274M (-$43.7M)
52% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 67
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
+$7.83M |
| 2 |
LPL Financial
San Diego,
California
|
+$1.26M |
| 3 |
OWA
Outlook Wealth Advisors
Shenandoah,
Texas
|
+$1.11M |
| 4 |
Goldman Sachs
New York
|
+$1.08M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$32.7M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$4.45M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.99M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$3.79M |
| 5 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$2.7M |
FXZ Hedge Fund Activity: Q1 2024 in Review
130 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q1 2024, worth a combined $274M — down 14% from $318M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FXZ and 8 opened new positions — a net loss of 10 holders — while 67 trimmed existing stakes and 32 added.
The largest buyer was Cetera Investment Advisers, adding an estimated $7.83M. The largest seller was Morgan Stanley, cutting an estimated $32.7M.
- 130 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q1 2024, down from 143 in Q4 2023.
- Funds reported $274M of First Trust Materials AlphaDEX Fund stock for Q1 2024, down 14% quarter-over-quarter.
- 8 funds opened new First Trust Materials AlphaDEX Fund positions in Q1 2024 and 18 closed out, a net change of -10 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q1 2024 was Cetera Investment Advisers, an estimated $7.83M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q1 2024 was Morgan Stanley, an estimated $32.7M sold.
Based on aggregated 13F filings for Q1 2024.