First Trust Smith Unconstrained Bond ETF
UCON
184 hedge funds and large institutions have $1.48B invested in First Trust Smith Unconstrained Bond ETF in 2023 Q1 according to their latest regulatory filings, with 31 funds opening new positions, 67 increasing their positions, 79 reducing their positions, and 26 closing their positions.
25% more capital invested
Capital invested by funds: $1.18B → $1.48B (+$293M)
19% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 26
2.5% more ownership
Funds ownership: 83% → 85.5% (+2.5%)
1% more funds holding
Funds holding: 183 → 184 (+1)
15% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 79
24% less funds holding in top 10
Funds holding in top 10: 25 → 19 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$57.7M |
| 2 |
HI
Harbour Investments
Madison,
Wisconsin
|
+$19.5M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$10.2M |
| 4 |
JP Morgan Chase
New York
|
+$9.91M |
| 5 |
RA
RiverTree Advisors
Winter Park,
Florida
|
+$8.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CG
CFO4Life Group
Coppell,
Texas
|
-$25.5M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$18M |
| 3 |
Baird Financial Group
Milwaukee,
Wisconsin
|
-$12.3M |
| 4 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
-$9.39M |
| 5 |
TWM
Tolleson Wealth Management
Dallas,
Texas
|
-$7.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCC
201
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$48.8K | -2,024 | Closed |
|
|
CAS
202
Coppell Advisory Solutions
Coppell,
Texas
| – | -$38.5K | -1,599 | Closed |
|
|
CASC
203
Coppell Advisory Solutions Corp
Coppell,
Texas
| – | -$38.5K | -1,599 | Closed |
|
|
CFGS
204
Concourse Financial Group Securities
Birmingham,
Alabama
| – | -$24.4K | -1,006 | Closed |
|
|
BFEC
205
Benjamin F. Edwards & Company
St. Louis,
Missouri
| – | -$18K | -750 | Closed |
|
|
BCMIO
206
Beacon Capital Management Inc (Ohio)
Dayton,
Ohio
| – | -$16.1K | -667 | Closed |
|
|
USCWA
207
U.S. Capital Wealth Advisors
Austin,
Texas
| – | -$7.33K | -304 | Closed |
|
|
TRCT
208
Tower Research Capital (TRC)
New York
| – | -$2K | -75 | Closed |
|
|
PPWM
209
PFG Private Wealth Management
Lutz,
Florida
| – | -$1K | -36 | Closed |
|
210
Fidelity Investments
Boston,
Massachusetts
| – | -$48 | -2 | Closed |
|
UCON Hedge Fund Activity: Q1 2023 in Review
184 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2023, worth a combined $1.48B — up 25% from $1.18B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new UCON positions and 26 closed out — a net gain of 5 holders — while 67 added to existing stakes and 79 trimmed.
The largest buyer was Jane Street, adding an estimated $57.7M. The largest seller was CFO4Life Group, cutting an estimated $25.5M.
- 184 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2023, up from 183 in Q4 2022.
- Funds reported $1.48B of First Trust Smith Unconstrained Bond ETF stock for Q1 2023, up 25% quarter-over-quarter.
- 31 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2023 and 26 closed out, a net change of +5 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2023 was Jane Street, an estimated $57.7M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2023 was CFO4Life Group, an estimated $25.5M sold.
Based on aggregated 13F filings for Q1 2023.