First Trust Financials AlphaDEX Becomes Second-Largest Shareholder of Freedom Holding

First Trust Financials AlphaDEX Fund (FXO) has acquired 185,000 shares of Freedom Holding Corp. (FRHC) during a scheduled portfolio rebalancing, making it the company's second-largest shareholder after CEO Timur Turlov. FRHC now represents 1.22% of the fund's underlying index.

The FXO ETF tracks the StrataQuant Financials Index, which selects financial sector stocks using AlphaDEX's growth and value screening methodology. Freedom Holding's inclusion signals institutional recognition of its growth trajectory and digital transformation strategy.

"This endorsement validates our approach to building a comprehensive financial ecosystem," said Turlov. The investment comes as Freedom Holding expands its fintech infrastructure, though the announcement was truncated mid-development.