First Trust Smith Unconstrained Bond ETF
UCON
41 hedge funds and large institutions have $150M invested in First Trust Smith Unconstrained Bond ETF in 2020 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 19 increasing their positions, 10 reducing their positions, and 8 closing their positions.
90% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 10
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
9% more capital invested
Capital invested by funds: $137M → $150M (+$12.9M)
3.64% less ownership
Funds ownership: 73.14% → 69.5% (-3.6%)
5% less funds holding
Funds holding: 43 → 41 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DWM
Darwin Wealth Management
Tampa,
Florida
|
+$5.64M |
| 2 |
LPL Financial
San Diego,
California
|
+$2.05M |
| 3 |
CFD
Creative Financial Designs
Kokomo,
Indiana
|
+$1.37M |
| 4 |
QAM
Q3 Asset Management
Birmingham,
Michigan
|
+$1.06M |
| 5 |
HighTower Advisors
Chicago,
Illinois
|
+$996K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFS
Prospera Financial Services
Dallas,
Texas
|
-$1.58M |
| 2 |
AI
Atria Investments
Charlotte,
North Carolina
|
-$709K |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
-$499K |
| 4 |
Jane Street
New York
|
-$477K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$416K |
UCON Hedge Fund Activity: Q3 2020 in Review
41 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q3 2020, worth a combined $150M — up 9.4% from $137M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of UCON and 6 opened new positions — a net loss of 2 holders — while 10 trimmed existing stakes and 19 added.
The largest buyer was Darwin Wealth Management, adding an estimated $5.64M. The largest seller was Prospera Financial Services, exiting entirely with an estimated $1.58M sold.
- 41 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q3 2020, down from 43 in Q2 2020.
- Funds reported $150M of First Trust Smith Unconstrained Bond ETF stock for Q3 2020, up 9.4% quarter-over-quarter.
- 6 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q3 2020 and 8 closed out, a net change of -2 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q3 2020 was Darwin Wealth Management, an estimated $5.64M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q3 2020 was Prospera Financial Services, an estimated $1.58M sold.
Based on aggregated 13F filings for Q3 2020.