The largest of the ETF’s 52 holdings, Vivus (NasdaqGS: VVUS), accounts for just 2.29% of the fund’s weight. GURU’s smallest holding, American Capital Agency (NasdaqGS: AGNC) has a weight of 1.64%. Other top-10 holdings in GURU include Dow components J.P. Morgan Chase (NYSE: JPM), Merck (NYSE: MRK) and Microsoft (NasdaqGS: MSFT) along with Apple (NasdaqGS: AAPL).
GURU’s holdings are drawn from a universe of nearly 70 hedge funds, including well-known funds such as Bill Ackman’s Pershing Square and David Einhorn’s Greenlight Capital. As hedge fun managers love to say, “Past performance is no guarantee of future results,” but GURU does give everyday investors a credible option for mimicking some of their hedge fund heroes.
Global X Top Guru Holdings Index ETF
ETF Trends editorial team contributed to this report. Tom Lydon’s clients own shares of Apple and Microsoft.