ETF Spotlight: ‘Guru’ Hedge Fund Clone

ETF Trends

ETF Spotlight on the Global X Top Guru Holdings Index ETF (GURU) , part of an ongoing series.

Assets : $53.4 million.

Objective : The Global X Top Guru Holdings Index ETF tries to reflect the performance of the Top Guru Holdings Index, which is comprised of the top U.S. listed equity positions taken from hedge fund quarterly Form 13F reports and equal weights the component holdings.

Holdings : Top holdings include Diamondback Energy 2.2%, T-Mobile U.S. 2.2%, Magnachip Semiconductors 2.2%, Vivus Incorporated 2.1% and Pioneer Natural Resources 2.1%.

What You Should Know :

  • Global X sponsors the fund.
  • GURU has a 0.75% expense ratio.
  • The fund has 52 holdings and the top ten make up 20.9% of the overall portfolio.
  • Sector allocations include financials 16.5%, industrials 15.1%, energy 8.1%, health care 7.5%, information technology 7.4%, consumer discretionary 15.2%, technology 5.6%, social media 5.4%, telecom services 3.6% and basic materials 3.4%.
  • Market capitalization include mega-caps 19.1%, large-caps 28.4%, mid-caps 28.0%, small-caps 20.6% and micro-caps 3.9%.
  • Regional breakdowns include North America 86.8%, Latin America 3.5%, U.K. 5.9% and developed Europe 3.9%.
  • The fund is down 2.7% over the past week, up 7.1% over the last three months, up 20.6% year-to-date, up 44.1% over the past year.
  • Guru basis its holdings on hedge fund 13F filings.
  • Hedge funds are required to publish their holdings in a publicly available document called the 13F.
  • Since the 13F filing is from the previous quarter, there is a time lag component and investors should know that the original stock picks may no longer apply to the hedge fund industry.

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