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First Trust Smith Unconstrained Bond ETF

141 hedge funds and large institutions have $832M invested in First Trust Smith Unconstrained Bond ETF in 2022 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 59 increasing their positions, 31 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 12

90% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 31

29% more capital invested

Capital invested by funds: $643M → $832M (+$189M)

23% more funds holding

Funds holding: 115141 (+26)

14% more funds holding in top 10

Funds holding in top 10: 78 (+1)

4.38% less ownership

Funds ownership: 78.98%74.6% (-4.4%)

Holders
141
Holders Change
+26
Holders Change %
+22.61%
% of All Funds
2.22%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.13%
New
40
Increased
59
Reduced
31
Closed
12
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
1
LPL Financial
California
$104M +$28M +1,081,658 +36%
Morgan Stanley
2
Morgan Stanley
New York
$95.4M +$7.4M +285,588 +8%
Bank of America
3
Bank of America
North Carolina
$44.2M +$14.8M +572,518 +49%
First Trust Advisors
4
First Trust Advisors
Illinois
$37.6M -$11.4M -439,637 -23%
Envestnet Asset Management
5
Envestnet Asset Management
Illinois
$29.1M +$11.3M +436,621 +62%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$26.9M +$916K +35,361 +3%
HighTower Advisors
7
HighTower Advisors
Illinois
$20.4M +$113K +4,346 +0.5%
Citadel Advisors
8
Citadel Advisors
Florida
$20.2M +$18.6M +716,486 +973%
DWM
9
Darwin Wealth Management
Florida
$19.5M -$1.31M -50,739 -6%
JWM
10
Janiczek Wealth Management
Colorado
$17.4M +$1.03M +39,609 +6%
UBS Group
11
UBS Group
Switzerland
$16.1M +$6.13M +236,632 +60%
VWA
12
Visionary Wealth Advisors
Illinois
$15.3M +$15.6M +601,090 New
MAM
13
Madison Asset Management
Wisconsin
$14.8M +$15.1M +581,101 New
MWM
14
Mattern Wealth Management
Kansas
$12.4M +$12.6M +485,457 New
SI
15
Stephens Inc
Arkansas
$12M +$3.8M +146,591 +45%
LWAC
16
Laurel Wealth Advisors (California)
California
$11.8M +$11.9M +461,047 New
PAG
17
Private Advisor Group
New Jersey
$11.7M +$2.48M +95,733 +26%
CFD
18
Creative Financial Designs
Indiana
$11.2M +$125K +4,807 +1%
HSA
19
HBK Sorce Advisory
Pennsylvania
$10.8M +$1.25M +48,369 +13%
PGWM
20
Pitti Group Wealth Management
New York
$10.6M +$1.75M +67,354 +19%
Stifel Financial
21
Stifel Financial
Missouri
$10.5M -$688K -26,549 -6%
Goldman Sachs
22
Goldman Sachs
New York
$10.5M +$10.7M +412,592 New
RA
23
RiverTree Advisors
Florida
$10.4M +$2.48M +95,525 +31%
FHC
24
First Heartland Consultants
Missouri
$9.37M -$1.64M -63,130 -15%
Cambridge Investment Research Advisors
25
Cambridge Investment Research Advisors
Iowa
$9.18M -$2.78M -107,275 -23%

UCON Hedge Fund Activity: Q1 2022 in Review

141 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2022, worth a combined $832M — up 29% from $643M a quarter earlier.

Buyers outnumbered sellers: 40 funds opened new UCON positions and 12 closed out — a net gain of 28 holders — while 59 added to existing stakes and 31 trimmed.

The largest buyer was LPL Financial, adding an estimated $28M. The largest seller was First Trust Advisors, cutting an estimated $11.4M.

  • 141 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2022, up from 115 in Q4 2021.
  • Funds reported $832M of First Trust Smith Unconstrained Bond ETF stock for Q1 2022, up 29% quarter-over-quarter.
  • 40 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2022 and 12 closed out, a net change of +28 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2022 was LPL Financial, an estimated $28M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2022 was First Trust Advisors, an estimated $11.4M sold.

Based on aggregated 13F filings for Q1 2022.