1
QUARTERLY REPORT
HEDGEYE INDEX ADDS ETF
Schedule of InvestmentsJuly 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
94.17% |
|
COMMON STOCKS |
|
|
|
|
|
|
0.10% |
|
CONSUMER DISCRETIONARY |
|
|
|
|
|
|
|
|
Figs, Inc.(A) |
|
424 |
|
$4,537 |
|
|
|
|
|
|
|
|
|
|
|
0.53% |
|
CONSUMER STAPLES |
|
|
|
|
|
|
|
|
BellRing Brands, Inc.(A) |
|
1,367 |
|
16,937 |
|
|
|
|
Primo Brands Corp. |
|
124 |
|
2,815 |
|
|
|
|
Turning Point Brands, Inc. |
|
60 |
|
4,476 |
|
|
|
|
|
|
|
|
24,228 |
|
|
|
|
|
|
|
|
|
|
|
12.42% |
|
ENERGY |
|
|
|
|
|
|
|
|
Cheniere Energy, Inc. |
|
761 |
|
200,577 |
|
|
|
|
TechnipFMC plc |
|
5,169 |
|
370,410 |
|
|
|
|
|
|
|
|
570,987 |
|
|
|
|
|
|
|
|
|
|
|
1.16% |
|
FINANCIALS |
|
|
|
|
|
|
|
|
Affirm Holdings, Inc.(A) |
|
386 |
|
27,603 |
|
|
|
|
SoFi Technologies, Inc.(A) |
|
1,123 |
|
18,316 |
|
|
|
|
UWM Holdings Corp.(A) |
|
4,049 |
|
7,369 |
|
|
|
|
|
|
|
|
53,288 |
|
|
|
|
|
|
|
|
|
|
|
20.95% |
|
HEALTH CARE |
|
|
|
|
|
|
|
|
Alnylam Pharmaceuticals, Inc.(A) |
|
239 |
|
49,119 |
|
|
|
|
Illumina, Inc.(A) |
|
2,864 |
|
587,406 |
|
|
|
|
Medline, Inc.(A) |
|
4,804 |
|
188,701 |
|
|
|
|
Roivant Sciences Ltd.(A) |
|
3,859 |
|
130,859 |
|
|
|
|
Royalty Pharma plc |
|
112 |
|
6,544 |
|
|
|
|
|
|
|
|
962,629 |
|
|
|
|
|
|
|
|
|
|
|
32.62% |
|
INDUSTRIALS |
|
|
|
|
|
|
|
|
Ameresco, Inc.(A) |
|
442 |
|
9,313 |
|
|
|
|
ATI, Inc.(A) |
|
1,311 |
|
245,734 |
|
|
|
|
Bloom Energy Corp.(A) |
|
1,027 |
|
211,367 |
|
|
|
|
Carpenter Technology Corp. |
|
395 |
|
205,266 |
|
|
|
|
CBIZ, Inc.(A) |
|
114 |
|
6,279 |
|
2
QUARTERLY REPORT
HEDGEYE INDEX ADDS ETF
Schedule of Investments - continuedJuly 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
|
|
Centuri Holdings, Inc.(A) |
|
115 |
|
$3,202 |
|
|
|
|
Clarivate plc(A) |
|
7,261 |
|
14,377 |
|
|
|
|
Curtiss-Wright Corp. |
|
258 |
|
186,792 |
|
|
|
|
MasTec, Inc.(A) |
|
599 |
|
157,597 |
|
|
|
|
nVent Electric plc |
|
1,920 |
|
295,354 |
|
|
|
|
Woodward, Inc. |
|
317 |
|
114,358 |
|
|
|
|
XPO, Inc.(A) |
|
246 |
|
49,439 |
|
|
|
|
|
|
|
|
1,499,078 |
|
|
|
|
|
|
|
|
|
|
|
25.64% |
|
INFORMATION TECHNOLOGY |
|
|
|
|
|
|
|
|
Bel Fuse, Inc. |
|
24 |
|
6,527 |
|
|
|
|
Credo Technology Group Holding Ltd.(A) |
|
207 |
|
42,847 |
|
|
|
|
MKS, Inc. |
|
680 |
|
202,266 |
|
|
|
|
nCino, Inc.(A) |
|
2,114 |
|
39,024 |
|
|
|
|
Okta, Inc.(A) |
|
2,433 |
|
345,316 |
|
|
|
|
Ondas, Inc.(A) |
|
1,846 |
|
13,826 |
|
|
|
|
Samsara, Inc.(A) |
|
2,375 |
|
88,516 |
|
|
|
|
Twilio, Inc. Class A(A) |
|
2,208 |
|
435,749 |
|
|
|
|
Workiva, Inc.(A) |
|
37 |
|
2,213 |
|
|
|
|
Zoom Communications, Inc.(A) |
|
21 |
|
2,017 |
|
|
|
|
|
|
|
|
1,178,301 |
|
|
|
|
|
|
|
|
|
|
|
0.34% |
|
MATERIALS |
|
|
|
|
|
|
|
|
Amrize Ltd. |
|
315 |
|
15,407 |
|
|
|
|
|
|
|
|
|
|
|
0.41% |
|
REAL ESTATE |
|
|
|
|
|
|
|
|
Compass, Inc.(A) |
|
1,662 |
|
18,930 |
|
|
|
|
|
|
|
|
|
|
|
94.17% |
|
TOTAL COMMON STOCKS |
|
4,327,385 |
|
||
|
|
|
(Cost: $4,560,900) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.89% |
|
MONEY MARKET FUND |
|
|
|
|
|
|
|
|
First American Money Market |
|
132,746 |
|
132,746 |
|
|
|
|
(Cost: $132,746) |
|
|
|
|
|
3
QUARTERLY REPORT
HEDGEYE INDEX ADDS ETF
Schedule of Investments - continuedJuly 31, 2026 (unaudited)
|
|
|
|
|
Shares |
|
Value |
|
|
97.05% |
|
TOTAL INVESTMENTS |
|
$4,460,131 |
|
||
|
|
|
(Cost: $4,693,645) |
|
|
|
|
|
|
2.95% |
|
Other assets, net of liabilities |
|
135,357 |
|
||
|
100.00% |
|
NET ASSETS |
|
$4,595,488 |
|
||
(A)Non-income producing
(B)Effective 7 day yield as of July 31, 2026
In accordance with U.S. GAAP, “fair value” is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund’s investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following summarizes the inputs used to value the Fund’s investments as of July 31, 2026:
|
|
|
Level 1 |
|
Level 2 |
|
Level 3 |
|
|
|
|
|
Quoted Prices |
|
Other |
|
Significant |
|
Total |
|
Assets |
|
|
|
|
|
|
|
|
|
Common Stocks |
|
$4,327,385 |
|
$— |
|
$— |
|
$4,327,385 |
|
Money Market Fund |
|
132,746 |
|
— |
|
— |
|
132,746 |
|
|
|
$4,460,131 |
|
$— |
|
$— |
|
$4,460,131 |
4
QUARTERLY REPORT
HEDGEYE INDEX ADDS ETF
Schedule of Investments - continuedJuly 31, 2026 (unaudited)
The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2026, since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purposes is $4,693,645, and the related net unrealized appreciation (depreciation) consists of:
|
|
Gross unrealized appreciation |
|
$110,751 |
|
|
|
Gross unrealized depreciation |
|
(344,266 |
) |
|
|
Net unrealized appreciation (depreciation) |
|
$(233,515 |
) |