Business
First Trust Financials AlphaDEX becomes the largest shareholders of Freedom Holding after Timur Turlov
As part of its scheduled portfolio rebalancing, the First Trust Financials AlphaDEX Fund (NASDAQ: FXO) acquired 185,000 shares of Freedom Holding Corp. (NASDAQ: FRHC), adding them to its portfolio. As a result of this transaction, the fund has become the second largest shareholder of the company, following its founder and CEO, Timur Turlov. FRHC now holds a 1.22% weighting in the index that underlies the fund's structure.
About this update from Freedom Holding Corp.
[{"type":"text","content":"NEW YORK, July 7, 2025 /PRNewswire/ -- As part of its scheduled portfolio rebalancing, the First Trust Financials AlphaDEX Fund (NASDAQ: FXO) acquired 185,000 shares of Freedom Holding Corp. (NASDAQ: FRHC), adding them to its portfolio. As a result of this transaction, the fund has become the second largest shareholder of the company, following its founder and CEO, Timur Turlov. FRHC now holds a 1.22% weighting in the index that underlies the fund's structure.","length":473,"tagName":"p"},{"type":"image","alt":"Freedom Holding","displaySize":"","headline":null,"caption":"Freedom Holding","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":225,"url":"https://media.zenfs.com/en/prnewswire.com/0ddc1a3d32512499e17220b6175fd56e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/bP5VtpmaxMXrzAhkS9TJ3w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM5NztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0ddc1a3d32512499e17220b6175fd56e","width":400,"height":225}},"href":"https://mma.prnewswire.com/media/2725816/Freedom_Holding_Corp.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"FXO is an exchange-traded fund (ETF) that tracks the performance of the StrataQuant Financials Index. This index includes companies from the financial services sector that are selected using the AlphaDEX methodology. This methodology screens stocks based on fundamental growth and value factors, highlighting Freedom Holding's appeal as a company with significant growth potential and robust investment fundamentals.","length":420,"tagName":"p"},{"type":"text","content":""We are pleased to see that Freedom Holding has attracted the attention of such institutional investors as First Trust. This is a confirmation that our strategy of sustainable growth, digital transformation and building a full-fledged financial ecosystem resonates with the professional investment community," commented CEO Timur Turlov.","length":347,"tagName":"p"},{"type":"text","content":"FRHC's inclusion in the fund indicates a high evaluation of the company's business momentum, especially given its ongoing development of a comprehensive financial ecosystem. In recent months, Freedom Holding has significantly expanded its product range, strengthened its market presence, and continued to transform its platforms digitally...