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First Trust Smith Unconstrained Bond ETF
UCON

184 hedge funds and large institutions have $1.2B invested in First Trust Smith Unconstrained Bond ETF in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 89 increasing their positions, 59 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 59

16% more funds holding in top 10

Funds holding in top 10: 19 → 22 (+3)

13% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 23

0% more funds holding

Funds holding: 184 → 184 (0)

2.67% less ownership

Funds ownership: 85.5% → 82.83% (-2.7%)

19% less capital invested

Capital invested by funds: $1.48B → $1.2B (-$274M)

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $321K

Holders
184
Holders Change
–
Holders Change %
0%
% of All Funds
2.89%
Holding in Top 10
22
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+15.79%
% of All Funds
0.35%
New
26
Increased
89
Reduced
59
Closed
23
Calls
–
Puts
$321K
Net Calls
-$321K
Net Calls Change
-$321K

Top Buyers

1
IWC
Integrated Wealth Concepts
Massachusetts
+$17.7M
2
UBS Group
UBS Group
Switzerland
+$12.7M
3
SW
SlateStone Wealth
Florida
+$12M
4
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
+$8.38M
5
CAG
Csenge Advisory Group
Florida
+$8.05M

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$38.9M
2
PVI
Pine Valley Investments
New Jersey
-$31.7M
3
AWM
AE Wealth Management
Kansas
-$13.6M
4
Jane Street
Jane Street
New York
-$12.1M
5
CFD
Creative Financial Designs
Indiana
-$10.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC
76
Park National Corp
Ohio
$3.08M +$3.1M +127,310 New
BWM
77
BlackDiamond Wealth Management
New York
$2.89M +$234K +9,626 +9%
Thrivent Financial for Lutherans
78
Thrivent Financial for Lutherans
Minnesota
$2.78M +$769K +31,584 +38%
Renaissance Technologies
79
Renaissance Technologies
New York
$2.65M +$918K +37,700 +52%
MWM
80
MBE Wealth Management
Wisconsin
$2.64M +$339K +13,911 +15%
WSTAM
81
Wilbanks Smith & Thomas Asset Management
Virginia
$2.56M +$77.2K +3,173 +3%
CA
82
Crumly & Associates
Illinois
$2.4M +$169K +6,932 +8%
PA
83
PFG Advisors
Arizona
$2.3M +$392K +16,099 +20%
Carson Wealth (CWM LLC)
84
Carson Wealth (CWM LLC)
Nebraska
$2.27M +$2.16M +88,867 +1,752%
NCM
85
Northwest Capital Management
Oregon
$2.27M -$22.5K -925 -1%
LCM
86
Lunt Capital Management
Utah
$2.23M +$2.25M +92,372 New
OMC
87
Old Mission Capital
Illinois
$2.19M +$2.2M +90,487 New
PAG
88
Private Advisory Group
Washington
$2.1M +$2.12M +87,037 New
BA
89
Bridgewater Advisors
New York
$2.09M -$98.2K -4,035 -4%
PCMC
90
Private Capital Management (Colorado)
Colorado
$1.88M +$471K +19,361 +33%
PVI
91
Pine Valley Investments
New Jersey
$1.85M -$31.7M -1,301,172 -94%
WA
92
WESPAC Advisors
California
$1.83M – – –
BBA
93
Braun-Bostich & Associates
Pennsylvania
$1.74M +$13K +533 +0.7%
IA
94
IFP Advisors
Florida
$1.71M +$39.2K +1,611 +2%
AWS
95
Atria Wealth Solutions
New York
$1.67M +$87K +3,573 +5%
RWPA
96
Richard W. Paul & Associates
Michigan
$1.63M -$4.87K -200 -0.3%
VCM
97
Virtue Capital Management
Tennessee
$1.62M +$201K +8,238 +14%
AF
98
Advisornet Financial
Minnesota
$1.6M +$154K +6,308 +11%
NA
99
NewEdge Advisors
Louisiana
$1.6M +$1.09M +44,732 +209%
EE
100
EWG Elevate
California
$1.57M +$146K +5,988 +10%
2 3
4
5 6

UCON Hedge Fund Activity: Q2 2023 in Review

184 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q2 2023, worth a combined $1.2B — down 19% from $1.48B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new UCON positions and 23 closed out — a net gain of 3 holders — while 89 added to existing stakes and 59 trimmed.

The largest buyer was Integrated Wealth Concepts, opening a new position worth an estimated $17.7M. The largest seller was Morgan Stanley, cutting an estimated $38.9M.

  • 184 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $1.2B of First Trust Smith Unconstrained Bond ETF stock for Q2 2023, down 19% quarter-over-quarter.
  • 26 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q2 2023 and 23 closed out, a net change of +3 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q2 2023 was Integrated Wealth Concepts, an estimated $17.7M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q2 2023 was Morgan Stanley, an estimated $38.9M sold.

Based on aggregated 13F filings for Q2 2023.