The SEC Form 13F, or Information Required of Institutional Investment Managers Form, is a quarterly filing required of institutional managers with over $100 million in qualifying assets. The filing contains information on the manager’s list of recent investing holdings, which provide the public a glimpse of how the heavy weights are moving around the changing markets.
Since the ETF’s holdings are based on numbers from the previous quarter, potential investors should be aware that the ETF’s positions may become stale in a quickly changing market. Additionally, the ETF may not perfectly reflect hedge fund positions as many hedge funds utilize derivatives, which are not required to be disclosed.
GURU has proved to be an outperforming strategy. The fund has gained 29.1% over the past year, compared to the S&P 500’s gain of 22.4%. However, the ETF’s equal weight strategy and tilt toward smaller companies have weighed on performance this year, with GURU dropping 3.1% year-to-date while the S&P 500 fell 1.3%.
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.