First Trust Smith Unconstrained Bond ETF
UCON
270 hedge funds and large institutions have $2.8B invested in First Trust Smith Unconstrained Bond ETF in 2026 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 122 increasing their positions, 100 reducing their positions, and 27 closing their positions.
22% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 100
4% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 27
2% more capital invested
Capital invested by funds: $2.74B → $2.8B (+$56.2M)
0.26% less ownership
Funds ownership: 85.13% → 84.87% (-0.26%)
2% less funds holding
Funds holding: 276 → 270 (-6)
19% less funds holding in top 10
Funds holding in top 10: 26 → 21 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$30M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$27.4M |
| 3 |
WA
Waverly Advisors
Birmingham,
Alabama
|
+$19.2M |
| 4 |
FFN
Focus Financial Network
Minneapolis,
Minnesota
|
+$10.9M |
| 5 |
AWM
Axxcess Wealth Management
Carlsbad,
California
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
-$25.7M |
| 2 |
B
Bensler
Bellevue,
Washington
|
-$20.9M |
| 3 |
CFS
Commonwealth Financial Services
Vienna,
West Virginia
|
-$15.3M |
| 4 |
HFP
Holistic Financial Partners
Indianapolis,
Indiana
|
-$8.37M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$8.36M |
UCON Hedge Fund Activity: Q2 2026 in Review
270 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q2 2026, worth a combined $2.8B — up 2.1% from $2.74B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new UCON positions and 27 closed out — a net gain of 1 holder — while 122 added to existing stakes and 100 trimmed.
The largest buyer was LPL Financial, adding an estimated $30M. The largest seller was Arkadios Wealth Advisors, cutting an estimated $25.7M.
- 270 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q2 2026, down from 276 in Q1 2026.
- Funds reported $2.8B of First Trust Smith Unconstrained Bond ETF stock for Q2 2026, up 2.1% quarter-over-quarter.
- 28 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q2 2026 and 27 closed out, a net change of +1 holder.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q2 2026 was LPL Financial, an estimated $30M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q2 2026 was Arkadios Wealth Advisors, an estimated $25.7M sold.
Based on aggregated 13F filings for Q2 2026.