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First Trust Smith Unconstrained Bond ETF
UCON

220 hedge funds and large institutions have $1.86B invested in First Trust Smith Unconstrained Bond ETF in 2024 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 118 increasing their positions, 62 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

90% more repeat investments, than reductions

Existing positions increased: 118 | Existing positions reduced: 62

80% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 15

8% more capital invested

Capital invested by funds: $1.72B → $1.86B (+$141M)

4% more funds holding

Funds holding: 212 → 220 (+8)

8% less funds holding in top 10

Funds holding in top 10: 24 → 22 (-2)

8.64% less ownership

Funds ownership: 93.42% → 84.77% (-8.6%)

Holders
220
Holders Change
+8
Holders Change %
+3.77%
% of All Funds
3.17%
Holding in Top 10
22
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-8.33%
% of All Funds
0.32%
New
27
Increased
118
Reduced
62
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
+$70.6M
2
LPL Financial
LPL Financial
California
+$25.5M
3
WWMSC
Wagner Wealth Management (South Carolina)
South Carolina
+$25.1M
4
Bank of America
Bank of America
North Carolina
+$15M
5
APP
Avantax Planning Partners
Iowa
+$14.9M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$93.2M
2
TWM
Tolleson Wealth Management
Texas
-$19.8M
3
SWA
Stratos Wealth Advisors
Ohio
-$19.7M
4
CFS
CGC Financial Services
Oregon
-$13.4M
5
OWA
Octavia Wealth Advisors
Ohio
-$11.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
RFP
151
Root Financial Partners
California
$836K -$43.2K -1,755 -5%
First Trust Advisors
152
First Trust Advisors
Illinois
$789K +$584K +23,725 +285%
QAM
153
Q3 Asset Management
Michigan
$750K +$21.3K +865 +3%
BCP
154
Blackhawk Capital Partners
Wisconsin
$717K +$15.4K +624 +2%
FA
155
Fagan Associates
New York
$698K +$128K +5,200 +22%
CAP
156
Columbia Advisory Partners
Washington
$690K +$394K +16,015 +133%
IFG
157
Independent Financial Group
California
$677K +$9.35K +380 +1%
FHA
158
Flagship Harbor Advisors
Massachusetts
$627K -$42.4K -1,725 -6%
OWA
159
Octavia Wealth Advisors
Ohio
$620K -$11.3M -458,079 -95%
GRP
160
Global Retirement Partners
California
$587K +$123 +5 +0%
EFA
161
Edge Financial Advisors
Illinois
$577K +$577K +23,449 New
IWA
162
Inspirion Wealth Advisors
Illinois
$542K -$221K -8,998 -29%
Rockefeller Capital Management
163
Rockefeller Capital Management
New York
$519K +$232K +9,421 +81%
SB
164
Strategic Blueprint
Georgia
$482K -$128K -5,190 -21%
PS
165
Principal Securities
Iowa
$471K -$56.4K -2,291 -11%
JWCA
166
J.W. Cole Advisors
Florida
$450K +$190K +7,719 +73%
SWA
167
Stratos Wealth Advisors
Ohio
$427K -$19.7M -798,882 -98%
IGWM
168
ICA Group Wealth Management
Colorado
$425K +$406K +16,484 +2,058%
FA
169
Flagstar Advisors
New York
$409K -$156K -6,335 -28%
TWP
170
Total Wealth Planning
Ohio
$403K – – –
TA
171
TFB Advisors
Kansas
$403K +$409K +16,630 New
LWM
172
Lakeridge Wealth Management
Ohio
$391K – – –
NA
173
NewEdge Advisors
Louisiana
$351K -$135K -5,472 -28%
CW
174
CIC Wealth
Maryland
$351K -$45.6K -1,854 -11%
NWMG
175
National Wealth Management Group
Ohio
$350K +$90.7K +3,685 +35%
5 6
7
8 9

UCON Hedge Fund Activity: Q1 2024 in Review

220 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2024, worth a combined $1.86B — up 8.2% from $1.72B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new UCON positions and 15 closed out — a net gain of 12 holders — while 118 added to existing stakes and 62 trimmed.

The largest buyer was UBS Group, adding an estimated $70.6M. The largest seller was Morgan Stanley, cutting an estimated $93.2M.

  • 220 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2024, up from 212 in Q4 2023.
  • Funds reported $1.86B of First Trust Smith Unconstrained Bond ETF stock for Q1 2024, up 8.2% quarter-over-quarter.
  • 27 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2024 and 15 closed out, a net change of +12 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2024 was UBS Group, an estimated $70.6M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2024 was Morgan Stanley, an estimated $93.2M sold.

Based on aggregated 13F filings for Q1 2024.