First Trust Materials AlphaDEX Fund
FXZ
61 hedge funds and large institutions have $544M invested in First Trust Materials AlphaDEX Fund in 2014 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 34 increasing their positions, 20 reducing their positions, and 14 closing their positions.
70% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 20
15.28% more ownership
Funds ownership: 71.13% → 86.41% (+15%)
7% more capital invested
Capital invested by funds: $509M → $544M (+$35.1M)
14% less funds holding
Funds holding: 71 → 61 (-10)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FSIM
F-Squared Investment Management
Wellesley,
Massachusetts
|
+$65.6M |
| 2 |
BFA
Beaumont Financial Advisors
Needham,
Massachusetts
|
+$9.39M |
| 3 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$5.47M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$5.32M |
| 5 |
PI
Placemark Investments
Chicago,
Illinois
|
+$3.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$7.19M |
| 2 |
SAM
Stringer Asset Management
Memphis,
Tennessee
|
-$6.73M |
| 3 |
Morgan Stanley
New York
|
-$3.57M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$2.99M |
| 5 |
SI
Stephens Inc
Little Rock,
Arkansas
|
-$2.1M |
FXZ Hedge Fund Activity: Q3 2014 in Review
61 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q3 2014, worth a combined $544M — up 6.9% from $509M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of FXZ and 4 opened new positions — a net loss of 10 holders — while 20 trimmed existing stakes and 34 added.
The largest buyer was F-Squared Investment Management, adding an estimated $65.6M. The largest seller was Royal Bank of Canada, cutting an estimated $7.19M.
- 61 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q3 2014, down from 71 in Q2 2014.
- Funds reported $544M of First Trust Materials AlphaDEX Fund stock for Q3 2014, up 6.9% quarter-over-quarter.
- 4 funds opened new First Trust Materials AlphaDEX Fund positions in Q3 2014 and 14 closed out, a net change of -10 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q3 2014 was F-Squared Investment Management, an estimated $65.6M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q3 2014 was Royal Bank of Canada, an estimated $7.19M sold.
Based on aggregated 13F filings for Q3 2014.