First Trust Smith Unconstrained Bond ETF
UCON
43 hedge funds and large institutions have $125M invested in First Trust Smith Unconstrained Bond ETF in 2020 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 15 increasing their positions, 14 reducing their positions, and 8 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
25% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 8
7% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 14
0% more funds holding
Funds holding: 43 → 43 (0)
1.22% less ownership
Funds ownership: 71.47% → 70.25% (-1.2%)
19% less capital invested
Capital invested by funds: $153M → $125M (-$28.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$3.71M |
| 2 |
CFD
Creative Financial Designs
Kokomo,
Indiana
|
+$3.54M |
| 3 |
NCM
Northwest Capital Management
Lake Oswego,
Oregon
|
+$2.46M |
| 4 |
Jane Street
New York
|
+$1.91M |
| 5 |
LPL Financial
San Diego,
California
|
+$1.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAA
Independent Advisor Alliance
Charlotte,
North Carolina
|
-$7.95M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$7.18M |
| 3 |
SWP
Stratos Wealth Partners
Beachwood,
Ohio
|
-$2.12M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.32M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$1.21M |
UCON Hedge Fund Activity: Q1 2020 in Review
43 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2020, worth a combined $125M — down 19% from $153M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new UCON positions and 8 closed out — a net gain of 2 holders — while 15 added to existing stakes and 14 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $3.71M. The largest seller was Independent Advisor Alliance, exiting entirely with an estimated $7.95M sold.
- 43 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2020, unchanged from Q4 2019.
- Funds reported $125M of First Trust Smith Unconstrained Bond ETF stock for Q1 2020, down 19% quarter-over-quarter.
- 10 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2020 and 8 closed out, a net change of +2 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2020 was Susquehanna International Group, an estimated $3.71M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2020 was Independent Advisor Alliance, an estimated $7.95M sold.
Based on aggregated 13F filings for Q1 2020.