First Trust Smith Unconstrained Bond ETF
UCON
275 hedge funds and large institutions have $2.73B invested in First Trust Smith Unconstrained Bond ETF in 2026 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 133 increasing their positions, 97 reducing their positions, and 27 closing their positions.
37% more repeat investments, than reductions
Existing positions increased: 133 | Existing positions reduced: 97
13% more funds holding in top 10
Funds holding in top 10: 23 → 26 (+3)
1.89% more ownership
Funds ownership: 83.04% → 84.93% (+1.9%)
7% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 27
4% more capital invested
Capital invested by funds: $2.64B → $2.73B (+$97.4M)
3% less funds holding
Funds holding: 283 → 275 (-8)
Top Buyers
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$25.9M |
| 2 |
IWC
Integrated Wealth Concepts
Waltham,
Massachusetts
|
+$15.7M |
| 3 |
Morgan Stanley
New York
|
+$15.6M |
| 4 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$14M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$13.1M |
Top Sellers
| 1 |
JP Morgan Chase
New York
|
-$12.8M |
| 2 |
Cerity Partners
New York
|
-$9.46M |
| 3 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
-$8.87M |
| 4 |
PNC
Park National Corp
Newark,
Ohio
|
-$8.18M |
| 5 |
SPIA
Steward Partners Investment Advisory
New York
|
-$6.47M |
UCON Hedge Fund Activity: Q1 2026 in Review
275 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2026, worth a combined $2.73B — up 3.7% from $2.64B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new UCON positions and 27 closed out — a net gain of 2 holders — while 133 added to existing stakes and 97 trimmed.
The largest buyer was Arkadios Wealth Advisors, adding an estimated $25.9M. The largest seller was JP Morgan Chase, cutting an estimated $12.8M.
- 275 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2026, down from 283 in Q4 2025.
- Funds reported $2.73B of First Trust Smith Unconstrained Bond ETF stock for Q1 2026, up 3.7% quarter-over-quarter.
- 29 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2026 and 27 closed out, a net change of +2 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2026 was Arkadios Wealth Advisors, an estimated $25.9M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2026 was JP Morgan Chase, an estimated $12.8M sold.
Based on aggregated 13F filings for Q1 2026.