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First Trust Smith Unconstrained Bond ETF
UCON

301 hedge funds and large institutions have $2.79B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q4 according to their latest regulatory filings, with 61 funds opening new positions, 141 increasing their positions, 88 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

408% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 12

60% more repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 88

18% more funds holding

Funds holding: 256 → 301 (+45)

17% more funds holding in top 10

Funds holding in top 10: 24 → 28 (+4)

11% more capital invested

Capital invested by funds: $2.51B → $2.79B (+$282M)

1.05% more ownership

Funds ownership: 82.48% → 83.53% (+1%)

Holders
301
Holders Change
+45
Holders Change %
+17.58%
% of All Funds
3.96%
Holding in Top 10
28
Holding in Top 10 Change
+4
Holding in Top 10 Change %
+16.67%
% of All Funds
0.37%
New
61
Increased
141
Reduced
88
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LPL Financial
LPL Financial
California
+$40.8M
2
Bank of America
Bank of America
North Carolina
+$24.1M
3
Wells Fargo
Wells Fargo
California
+$22.8M
4
UBS Group
UBS Group
Switzerland
+$22.7M
5
HI
Harbour Investments
Wisconsin
+$13.3M

Top Sellers

Rank Fund Capital Flow
1
OPAM
Ocean Park Asset Management
California
-$16.6M
2
PGWM
Pitti Group Wealth Management
New York
-$8.62M
3
CJH
Christopher J. Hasenberg
Wisconsin
-$7.04M
4
Renaissance Technologies
Renaissance Technologies
New York
-$6.94M
5
M1FG
Mach-1 Financial Group
Arkansas
-$6.53M
Name Holding Trade Value Shares
Change 		Change in
Stake
DAS
26
Dynamic Advisor Solutions
Arizona
$22.4M +$1.71M +68,954 +8%
EC
27
EdgeRock Capital
Colorado
$21.6M -$629K -25,356 -3%
PNC
28
Park National Corp
Ohio
$20.8M +$3.22M +129,836 +18%
IWC
29
Integrated Wealth Concepts
Massachusetts
$19.8M -$213K -8,588 -1%
LFG
30
Larson Financial Group
Missouri
$19.3M -$1.59M -64,210 -8%
CFS
31
Commonwealth Financial Services
West Virginia
$17.9M +$10.5K +422 +0.1%
TA
32
TruWealth Advisors
Louisiana
$17.8M +$146K +5,898 +0.8%
Focus Partners Wealth
33
Focus Partners Wealth
Massachusetts
$17.1M +$2.03M +82,056 +13%
CWP
34
Cyndeo Wealth Partners
Florida
$16.9M +$563K +22,724 +3%
KPWS
35
Kestra Private Wealth Services
Texas
$16.4M +$751K +30,297 +5%
CIAS
36
Capital Investment Advisory Services
North Carolina
$16M +$3.22K +130 +0%
FHC
37
First Heartland Consultants
Missouri
$14.8M +$12.6M +508,476 +543%
NWM
38
Nova Wealth Management
Florida
$13.7M +$13.8M +557,203 New
GPWA
39
Great Point Wealth Advisors
Massachusetts
$13.6M +$807K +32,534 +6%
NL
40
Navalign LLC
California
$13.4M +$561K +22,611 +4%
HIW
41
Holos Integrated Wealth
Pennsylvania
$12.6M +$12.7M +511,029 New
PFS
42
Prospera Financial Services
Texas
$11.9M +$3.94M +158,924 +49%
KAS
43
Kestra Advisory Services
Texas
$11.8M +$753K +30,364 +7%
Cerity Partners
44
Cerity Partners
New York
$11.7M +$11.8M +475,594 New
Stifel Financial
45
Stifel Financial
Missouri
$11.3M +$868K +35,030 +8%
PAG
46
Private Advisor Group
New Jersey
$10.9M +$358K +14,455 +3%
Mariner
47
Mariner
Kansas
$10.8M +$128K +5,144 +1%
FF
48
Financial Futures
New Jersey
$10.8M +$37.6K +1,517 +0.3%
SW
49
SlateStone Wealth
Florida
$10.7M -$584K -23,550 -5%
PWP
50
Prasad Wealth Partners
Ohio
$10.5M +$10.5M +425,223 New
1
2
3 4 5

UCON Hedge Fund Activity: Q4 2024 in Review

301 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q4 2024, worth a combined $2.79B — up 11% from $2.51B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new UCON positions and 12 closed out — a net gain of 49 holders — while 141 added to existing stakes and 88 trimmed.

The largest buyer was LPL Financial, adding an estimated $40.8M. The largest seller was Ocean Park Asset Management, exiting entirely with an estimated $16.6M sold.

  • 301 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q4 2024, up from 256 in Q3 2024.
  • Funds reported $2.79B of First Trust Smith Unconstrained Bond ETF stock for Q4 2024, up 11% quarter-over-quarter.
  • 61 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q4 2024 and 12 closed out, a net change of +49 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q4 2024 was LPL Financial, an estimated $40.8M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q4 2024 was Ocean Park Asset Management, an estimated $16.6M sold.

Based on aggregated 13F filings for Q4 2024.