First Trust Materials AlphaDEX Fund
FXZ
144 hedge funds and large institutions have $335M invested in First Trust Materials AlphaDEX Fund in 2023 Q3 according to their latest regulatory filings, with 13 funds opening new positions, 30 increasing their positions, 75 reducing their positions, and 18 closing their positions.
1.4% less ownership
Funds ownership: 67.64% → 66.24% (-1.4%)
4% less funds holding
Funds holding: 150 → 144 (-6)
17% less capital invested
Capital invested by funds: $403M → $335M (-$68.7M)
28% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 18
60% less repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 75
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$9.73M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$8.9M |
| 3 |
NA
Navellier & Associates
Reno,
Nevada
|
+$3.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$3.08M |
| 5 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$13M |
| 2 |
Morgan Stanley
New York
|
-$9.42M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
-$6.59M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$6.45M |
| 5 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$6.31M |
FXZ Hedge Fund Activity: Q3 2023 in Review
144 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in First Trust Materials AlphaDEX Fund (FXZ) for Q3 2023, worth a combined $335M — down 17% from $403M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FXZ and 13 opened new positions — a net loss of 5 holders — while 75 trimmed existing stakes and 30 added.
The largest buyer was International Assets Investment Management, opening a new position worth an estimated $9.73M. The largest seller was JP Morgan Chase, cutting an estimated $13M.
- 144 institutional investors held First Trust Materials AlphaDEX Fund (FXZ) as of Q3 2023, down from 150 in Q2 2023.
- Funds reported $335M of First Trust Materials AlphaDEX Fund stock for Q3 2023, down 17% quarter-over-quarter.
- 13 funds opened new First Trust Materials AlphaDEX Fund positions in Q3 2023 and 18 closed out, a net change of -5 holders.
- The largest First Trust Materials AlphaDEX Fund buyer in Q3 2023 was International Assets Investment Management, an estimated $9.73M added.
- The largest First Trust Materials AlphaDEX Fund seller in Q3 2023 was JP Morgan Chase, an estimated $13M sold.
Based on aggregated 13F filings for Q3 2023.