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First Trust Smith Unconstrained Bond ETF

212 hedge funds and large institutions have $1.72B invested in First Trust Smith Unconstrained Bond ETF in 2023 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 109 increasing their positions, 59 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 59

81% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 21

38% more capital invested

Capital invested by funds: $1.25B → $1.72B (+$476M)

12% more ownership

Funds ownership: 81.42%93.42% (+12%)

9% more funds holding in top 10

Funds holding in top 10: 2224 (+2)

8% more funds holding

Funds holding: 196212 (+16)

Holders
212
Holders Change
+16
Holders Change %
+8.16%
% of All Funds
3.09%
Holding in Top 10
24
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+9.09%
% of All Funds
0.35%
New
38
Increased
109
Reduced
59
Closed
21
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Morgan Stanley
1
Morgan Stanley
New York
$234M +$140M +5,798,401 +158%
LPL Financial
2
LPL Financial
California
$148M +$7.42M +308,074 +5%
UBS Group
3
UBS Group
Switzerland
$110M +$66.6M +2,767,863 +166%
Bank of America
4
Bank of America
North Carolina
$66.9M +$22.3M +926,705 +52%
HI
5
Harbour Investments
Wisconsin
$59.2M +$7.47M +310,317 +15%
Royal Bank of Canada
6
Royal Bank of Canada
Ontario, Canada
$51.4M +$4.91M +203,715 +11%
Envestnet Asset Management
7
Envestnet Asset Management
Illinois
$43.8M +$12.1M +501,386 +39%
TWM
8
Tolleson Wealth Management
Texas
$33.6M +$26.1M +1,084,577 +397%
LFG
9
Larson Financial Group
Missouri
$26.9M -$759K -31,507 -3%
CAG
10
Csenge Advisory Group
Florida
$26.7M +$673K +27,940 +3%
Truist Financial
11
Truist Financial
North Carolina
$25.7M +$9.48M +393,837 +61%
IWC
12
Integrated Wealth Concepts
Massachusetts
$24.4M +$4.66M +193,534 +24%
Focus Partners Wealth
13
Focus Partners Wealth
Massachusetts
$24.4M +$23.7M +985,133 New
Osaic Holdings
14
Osaic Holdings
Arizona
$22.9M -$77.2K -3,204 -0.3%
AWM
15
Apollon Wealth Management
South Carolina
$21.9M +$7.46M +309,635 +54%
VWA
16
Visionary Wealth Advisors
Illinois
$20.9M -$5.54M -230,215 -21%
EC
17
EdgeRock Capital
Colorado
$20.7M +$20.2M +839,368 New
SWA
18
Stratos Wealth Advisors
Ohio
$20.2M -$5.42M -225,276 -22%
GPWA
19
Great Point Wealth Advisors
Massachusetts
$19.4M +$3.81M +158,279 +25%
Commonwealth Equity Services
20
Commonwealth Equity Services
Massachusetts
$17.4M +$1.93M +80,264 +13%
B
21
Bensler
Washington
$17.3M +$874K +36,289 +5%
TA
22
TruWealth Advisors
Louisiana
$16.5M +$6.51M +270,493 +68%
ACA
23
Aptus Capital Advisors
Alabama
$16.1M -$448K -18,595 -3%
CFS
24
Commonwealth Financial Services
West Virginia
$15.8M +$4.93M +204,873 +47%
CWP
25
Cyndeo Wealth Partners
Florida
$15.5M +$199K +8,282 +1%

UCON Hedge Fund Activity: Q4 2023 in Review

212 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q4 2023, worth a combined $1.72B — up 38% from $1.25B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new UCON positions and 21 closed out — a net gain of 17 holders — while 109 added to existing stakes and 59 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $140M. The largest seller was HBK Sorce Advisory, cutting an estimated $11.4M.

  • 212 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q4 2023, up from 196 in Q3 2023.
  • Funds reported $1.72B of First Trust Smith Unconstrained Bond ETF stock for Q4 2023, up 38% quarter-over-quarter.
  • 38 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q4 2023 and 21 closed out, a net change of +17 holders.
  • The largest First Trust Smith Unconstrained Bond ETF buyer in Q4 2023 was Morgan Stanley, an estimated $140M added.
  • The largest First Trust Smith Unconstrained Bond ETF seller in Q4 2023 was HBK Sorce Advisory, an estimated $11.4M sold.

Based on aggregated 13F filings for Q4 2023.