First Trust Materials AlphaDEX Fund
FXZ
151 hedge funds and large institutions have $405M invested in First Trust Materials AlphaDEX Fund in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 26 increasing their positions, 87 reducing their positions, and 48 closing their positions.
16.11% less ownership
Funds ownership: 83.93% → 67.83% (-16%)
19% less funds holding
Funds holding: 186 → 151 (-35)
69% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 48
70% less repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 87
72% less capital invested
Capital invested by funds: $1.45B → $405M (-$1.04B)
83% less funds holding in top 10
Funds holding in top 10: 6 → 1 (-5)
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $298K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$12.3M |
| 2 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$3.91M |
| 3 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
+$2.28M |
| 4 |
HF
HRT Financial
New York
|
+$1.92M |
| 5 |
Jane Street
New York
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$671M |
| 2 |
Morgan Stanley
New York
|
-$60.3M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$55.8M |
| 4 |
RJFSA
Raymond James Financial Services Advisors
St. Petersburg,
Florida
|
-$18.5M |
| 5 |
ODG
O'Dell Group
Cincinnati,
Ohio
|
-$16.2M |
FXZ Hedge Fund Activity: Q2 2023 in Review
151 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q2 2023, worth a combined $405M — down 72% from $1.45B a quarter earlier.
Sellers outnumbered buyers: 48 funds closed out of FXZ and 15 opened new positions — a net loss of 33 holders — while 87 trimmed existing stakes and 26 added.
The largest buyer was JP Morgan Chase, adding an estimated $12.3M. The largest seller was First Trust Advisors, exiting entirely with an estimated $671M sold.
- 151 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q2 2023, down from 186 in Q1 2023.
- Funds reported $405M of First Trust Materials AlphaDEX Fund stock for Q2 2023, down 72% quarter-over-quarter.
- 15 funds opened new First Trust Materials AlphaDEX Fund positions in Q2 2023 and 48 closed out, a net change of -33 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q2 2023 was JP Morgan Chase, an estimated $12.3M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q2 2023 was First Trust Advisors, an estimated $671M sold.
Based on aggregated 13F filings for Q2 2023.