First Trust Small Cap Growth AlphaDEX Fund
60 hedge funds and large institutions have $63M invested in First Trust Small Cap Growth AlphaDEX Fund in 2020 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 6 increasing their positions, 31 reducing their positions, and 20 closing their positions.
11.35% less ownership
Funds ownership: 62.32% → 50.97% (-11%)
12% less funds holding
Funds holding: 68 → 60 (-8)
30% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 20
57% less capital invested
Capital invested by funds: $145M → $63M (-$82.4M)
81% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Strid Group
Newtown Square,
Pennsylvania
|
+$8.96M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$2.77M |
| 3 |
FAIM
Financial Advocates Investment Management
Olympia,
Washington
|
+$1.86M |
| 4 |
MA
MONECO Advisors
Fairfield,
Connecticut
|
+$990K |
| 5 |
Jane Street
New York
|
+$979K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$17.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$7.56M |
| 3 |
BFEC
Benjamin F. Edwards & Company
St. Louis,
Missouri
|
-$5.71M |
| 4 |
Morgan Stanley
New York
|
-$4.98M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$4.73M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IAA
76
Independent Advisor Alliance
Charlotte,
North Carolina
| – | -$231K | -4,955 | Closed |
|
|
CWA
77
Capital Wealth Alliance
Scottsdale,
Arizona
| – | -$92K | -1,943 | Closed |
|
|
RIA
78
Realta Investment Advisors
Wilmington,
Delaware
| – | -$18K | -380 | Closed |
|
|
LWANC
79
Laurel Wealth Advisors (North Carolina)
Charlotte,
North Carolina
| – | -$4K | -93 | Closed |
|
80
Fidelity Investments
Boston,
Massachusetts
| – | -$341 | -8 | -89% |
|
FYC Hedge Fund Activity: Q1 2020 in Review
60 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in First Trust Small Cap Growth AlphaDEX Fund (FYC) for Q1 2020, worth a combined $63M — down 57% from $145M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of FYC and 14 opened new positions — a net loss of 6 holders — while 31 trimmed existing stakes and 6 added.
The largest buyer was Strid Group, opening a new position worth an estimated $8.96M. The largest seller was First Trust Advisors, exiting entirely with an estimated $17.7M sold.
- 60 institutional investors held First Trust Small Cap Growth AlphaDEX Fund (FYC) as of Q1 2020, down from 68 in Q4 2019.
- Funds reported $63M of First Trust Small Cap Growth AlphaDEX Fund stock for Q1 2020, down 57% quarter-over-quarter.
- 14 funds opened new First Trust Small Cap Growth AlphaDEX Fund positions in Q1 2020 and 20 closed out, a net change of -6 holders.
- The largest First Trust Small Cap Growth AlphaDEX Fund buyer in Q1 2020 was Strid Group, an estimated $8.96M added.
- The largest First Trust Small Cap Growth AlphaDEX Fund seller in Q1 2020 was First Trust Advisors, an estimated $17.7M sold.
Based on aggregated 13F filings for Q1 2020.