Spear Alpha ETF (SPRX)

Neutral

Insufficient data to determine institutional momentum.

Data as of Q1 2026

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Institutional Holders

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No collected fundamentals for a capital-allocation analysis.

No collected fundamentals for a debt & leverage analysis.

No collected fundamentals to build a valuation model.

No collected fundamentals for a quality & risk analysis.

No collected fundamentals for a dividends & returns analysis.

No sector peer set for this ticker (missing sector classification, or too few peers with collected financials).

Buy / Sell Volume by Quarter

Total shares institutions bought (green) vs sold (red) each quarter across all holders.

Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position

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Crowding AnalysisCrowded

Holders42of 5,944

Avg: 68

Uncrowded81th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.82x

56th percentile

23 buying28 selling

+10

New

-13

Closed

+231K

Net shares

Ownership Concentration

Top 5: 56.9%Top 10: 79.6%

Apollon Wealth Management,22.7%

GoalVest Advisory14.2%

Wealth Watch Advisors,7.1%

HBW ADVISORY SERVICES6.8%

Pinion Investment Advisors,6.2%

Others (37)43.1%

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Crowding AnalysisCrowded

Holders42of 5,944

Avg: 68

Uncrowded81th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.82x

56th percentile

23 buying28 selling

+10

New

-13

Closed

+231K

Net shares

Ownership Concentration

Top 5: 56.9%Top 10: 79.6%

Apollon Wealth Management,22.7%

GoalVest Advisory14.2%

Wealth Watch Advisors,7.1%

HBW ADVISORY SERVICES6.8%

Pinion Investment Advisors,6.2%

Others (37)43.1%

Crowding AnalysisCrowded

Holders42of 5,944

Avg: 68

Uncrowded81th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.82x

56th percentile

23 buying28 selling

+10

New

-13

Closed

+231K

Net shares

Ownership Concentration

Top 5: 56.9%Top 10: 79.6%

Apollon Wealth Management,22.7%

GoalVest Advisory14.2%

Wealth Watch Advisors,7.1%

HBW ADVISORY SERVICES6.8%

Pinion Investment Advisors,6.2%

Others (37)43.1%

Institutional Trends (8 Quarters)

No trend data available for this metric.

Conviction-Weighted Ownership

Median weight: 0.31%Avg weight: 0.48%Max: 1.25%High conviction (>1%): 3

Apollon Wealth Management,

GoalVest Advisory

Wealth Watch Advisors,

HBW ADVISORY SERVICES

Pinion Investment Advisors,

D.A. DAVIDSON &

GENTRY PRIVATE WEALTH,

OSAIC HOLDINGS,

TD Waterhouse Canada

National Wealth Management Group,

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position

Ownership Map

Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.

Size by

Drag any bubble to rearrange · size = dollar value of the position

Performance vs. S&P 500

Total return (dividends reinvested) vs the market, from quarter-end prices.

$10,000 invested 2021-09

$29,150

SPRX · +191%

$18,559

S&P 500 · +86%

+$10,591

ahead of the index

Total return (5Y)

+191%

S&P 500

+86%

vs. market

+106%

outperformed

Annualized

25.3%

mkt 13.9%

Volatility

48%

annualized

Beta

2.39

vs S&P 500

Growth of $10,000

Hover the chart to read any quarter

SPRXS&P 500

Year by year

Annual return vs the market

Hover a year to compare.

SPRX (solid)S&P 500 (outline)Green = positive year, red = negative. Number = SPRX's return.

Beat the market

3 / 6 yrs

50% win rate

Best year

+88%

2023

Worst year

-45%

2022

Worst drawdown

-45%

recovered in 4 qtrs

Relative strength

Cumulative lead over the S&P 500

Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.

Downside

Drawdown from peak · max -45%

How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.

Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.