First Trust Smith Unconstrained Bond ETF
UCON
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.
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: 22 → 24 (+2)
8% more funds holding
Funds holding: 196 → 212 (+16)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$140M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$66.6M |
| 3 |
TWM
Tolleson Wealth Management
Dallas,
Texas
|
+$26.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$22.3M |
| 5 |
EC
EdgeRock Capital
Denver,
Colorado
|
+$20.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSA
HBK Sorce Advisory
Erie,
Pennsylvania
|
-$11.4M |
| 2 |
Jane Street
New York
|
-$8.05M |
| 3 |
VWA
Visionary Wealth Advisors
O'fallon,
Illinois
|
-$5.54M |
| 4 |
SWA
Stratos Wealth Advisors
Beachwood,
Ohio
|
-$5.42M |
| 5 |
SPC
Sigma Planning Corp
Ann Arbor,
Michigan
|
-$4.51M |
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.