First Trust Smith Unconstrained Bond ETF
UCON
288 hedge funds and large institutions have $2.94B invested in First Trust Smith Unconstrained Bond ETF in 2025 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 145 increasing their positions, 95 reducing their positions, and 35 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 95
21% more funds holding in top 10
Funds holding in top 10: 28 → 34 (+6)
5% more capital invested
Capital invested by funds: $2.79B → $2.94B (+$149M)
1.58% more ownership
Funds ownership: 83.53% → 85.11% (+1.6%)
4% less funds holding
Funds holding: 301 → 288 (-13)
14% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CJH
Christopher J. Hasenberg
Eau Claire,
Wisconsin
|
+$28.4M |
| 2 |
Wells Fargo
San Francisco,
California
|
+$22.2M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$21.8M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$15.3M |
| 5 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Aptus Capital Advisors
Fairhope,
Alabama
|
-$38.4M |
| 2 |
AWM
Apollon Wealth Management
Mount Pleasant,
South Carolina
|
-$23M |
| 3 |
HI
Harbour Investments
Madison,
Wisconsin
|
-$15.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$15.7M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$14.1M |
UCON Hedge Fund Activity: Q1 2025 in Review
288 of the 7,472 institutional investors tracked by Wall St. Rank reported a position in First Trust Smith Unconstrained Bond ETF (UCON) for Q1 2025, worth a combined $2.94B — up 5.3% from $2.79B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of UCON and 30 opened new positions — a net loss of 5 holders — while 95 trimmed existing stakes and 145 added.
The largest buyer was Christopher J. Hasenberg, adding an estimated $28.4M. The largest seller was Aptus Capital Advisors, cutting an estimated $38.4M.
- 288 institutional investors held First Trust Smith Unconstrained Bond ETF (UCON) as of Q1 2025, down from 301 in Q4 2024.
- Funds reported $2.94B of First Trust Smith Unconstrained Bond ETF stock for Q1 2025, up 5.3% quarter-over-quarter.
- 30 funds opened new First Trust Smith Unconstrained Bond ETF positions in Q1 2025 and 35 closed out, a net change of -5 holders.
- The largest First Trust Smith Unconstrained Bond ETF buyer in Q1 2025 was Christopher J. Hasenberg, an estimated $28.4M added.
- The largest First Trust Smith Unconstrained Bond ETF seller in Q1 2025 was Aptus Capital Advisors, an estimated $38.4M sold.
Based on aggregated 13F filings for Q1 2025.