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First Trust Materials AlphaDEX Fund

185 hedge funds and large institutions have $1.44B invested in First Trust Materials AlphaDEX Fund in 2023 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 72 increasing their positions, 60 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

169% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 13

100% more funds holding in top 10

Funds holding in top 10: 36 (+3)

25% more capital invested

Capital invested by funds: $1.15B → $1.44B (+$284M)

20% more repeat investments, than reductions

Existing positions increased: 72 | Existing positions reduced: 60

10% more funds holding

Funds holding: 168185 (+17)

0.96% more ownership

Funds ownership: 82.91%83.87% (+0.96%)

Holders
185
Holders Change
+17
Holders Change %
+10.12%
% of All Funds
2.95%
Holding in Top 10
6
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+100%
% of All Funds
0.1%
New
35
Increased
72
Reduced
60
Closed
13
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
First Trust Advisors
1
First Trust Advisors
Illinois
$671M +$72.7M +1,085,821 +12%
Wells Fargo
2
Wells Fargo
California
$112M +$21.4M +319,912 +23%
Morgan Stanley
3
Morgan Stanley
New York
$103M +$14.9M +222,904 +16%
LPL Financial
4
LPL Financial
California
$47.7M +$8.89M +132,763 +22%
RJFSA
5
Raymond James Financial Services Advisors
Florida
$35.6M -$689K -10,290 -2%
Bank of America
6
Bank of America
North Carolina
$34.4M +$2.42M +36,174 +7%
RJA
7
Raymond James & Associates
Florida
$30.2M +$3.47M +51,810 +13%
Ameriprise
8
Ameriprise
Minnesota
$26.6M +$2.72M +40,685 +11%
Royal Bank of Canada
9
Royal Bank of Canada
Ontario, Canada
$21.8M -$1.33M -19,848 -6%
NA
10
NewEdge Advisors
Louisiana
$17.1M +$3.31M +49,461 +23%
ODG
11
O'Dell Group
Ohio
$16.2M +$1.17M +17,540 +8%
Baird Financial Group
12
Baird Financial Group
Wisconsin
$15.6M +$2.65M +39,510 +20%
UBS Group
13
UBS Group
Switzerland
$15.5M -$2.36M -35,255 -13%
Stifel Financial
14
Stifel Financial
Missouri
$14.5M +$5.58M +83,345 +60%
AWM
15
AE Wealth Management
Kansas
$13.8M +$13.5M +201,575 +2,003%
ASN
16
Advisory Services Network
Georgia
$11.5M +$1.24M +18,451 +12%
BFEC
17
Benjamin F. Edwards & Company
Missouri
$11.5M -$212K -3,172 -2%
Truist Financial
18
Truist Financial
North Carolina
$11.3M +$13.7K +204 +0.1%
DADC
19
D.A. Davidson & Co
Montana
$10.5M +$10.5M +156,762 +4,285%
Envestnet Asset Management
20
Envestnet Asset Management
Illinois
$9.9M +$1.89M +28,214 +23%
VCM
21
Virtue Capital Management
Tennessee
$9.28M +$10.2M +151,752 New
CA
22
Crumly & Associates
Illinois
$9.21M -$116K -1,732 -1%
WWA
23
WCG Wealth Advisors
Nevada
$8.73M +$566K +8,455 +7%
CA
24
Cetera Advisors
Colorado
$7.62M +$58.1K +867 +0.7%
Osaic Holdings
25
Osaic Holdings
Arizona
$6.74M +$1.34M +19,961 +24%

FXZ Hedge Fund Activity: Q1 2023 in Review

185 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q1 2023, worth a combined $1.44B — up 25% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 35 funds opened new FXZ positions and 13 closed out — a net gain of 22 holders — while 72 added to existing stakes and 60 trimmed.

The largest buyer was First Trust Advisors, adding an estimated $72.7M. The largest seller was Financial Enhancement Group, exiting entirely with an estimated $4.2M sold.

  • 185 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q1 2023, up from 168 in Q4 2022.
  • Funds reported $1.44B of First Trust Materials AlphaDEX Fund stock for Q1 2023, up 25% quarter-over-quarter.
  • 35 funds opened new First Trust Materials AlphaDEX Fund positions in Q1 2023 and 13 closed out, a net change of +22 holders.
  • The largest First Trust Materials AlphaDEX Fund buyer in Q1 2023 was First Trust Advisors, an estimated $72.7M added.
  • The largest First Trust Materials AlphaDEX Fund seller in Q1 2023 was Financial Enhancement Group, an estimated $4.2M sold.

Based on aggregated 13F filings for Q1 2023.