CSMD Congress SMid Growth ETF
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Congress SMid Growth ETF (CSMD) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2023-08-21
- Has Options
- No
- Expense ratio
- 0.68% prospectus, filed Feb 27, 2026
- Assets
- $433M SEC filing, Apr 30, 2026
- Trailing yield
- — paid annual
- Average daily volume
- $1.2M 30 sessions
- Holdings
- 49 top 10 are 31.8%
- Listed
- Aug 21, 2023 NYSE Arca
- Last fee change
- -1 bp filed Feb 26, 2024
Moves with. US large-cap stocks (53% of its variance, beta 1.08); Small caps over large (21% of its variance, beta 0.76); Value over growth (4% of its variance, beta -0.12); Emerging markets over US (4% of its variance, beta 0.11). These factors explain 81% of its daily moves over the last year.
Stated objective. The Congress SMid Growth ETF (the SMid Fund or Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 49 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Growth ETFs
- Jul 2026
- +$2.2M latest reported month
- Latest 3 months
- +$4.8M +1.1% of assets
- Latest 12 months
- +$98M +21.7% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$2.2M |
| Jun 2026 | +$5.3M |
| May 2026 | −$2.7M |
| Apr 2026 | +$1.9M |
| Mar 2026 | −$25M |
| Feb 2026 | +$22M |
| Jan 2026 | +$17M |
| Dec 2025 | +$19M |
| Nov 2025 | +$21M |
| Oct 2025 | +$19M |
| Sep 2025 | +$8.3M |
| Aug 2025 | +$10M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 36 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| RFGInvesco S&P MidCap 400 Pure Growth ETF | 17% | 0.35% | $325M | +15.0% | compare |
| XMHQInvesco S&P MidCap Quality ETF | 17% | 0.25% | $5.6B | +12.0% | compare |
| SSMGVirtus Silvant Small/Mid Growth ETF | 17% | 0.39% | $3.2M | — | compare |
| MCOWPacer S&P MidCap 400 Quality FCF Aristocrats ETF | 16% | 0.49% | $985K | +12.3% | compare |
| RSMCRockefeller U.S. Small-Mid Cap ETF | 14% | 0.75% | $763M | +5.1% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +6.4% 38% under, 32% over · 100% covered
- Price / earnings
- 31.9 6% loss-making · 100% covered
- Price / book · sales
- 5.1 · 3.2 revenue growth +16.4%
- Above 200-day average
- 59% 49% above 50-day · by weight
- Short interest
- 9.0% of float, weighted · 5.0 days to cover
- Insider buying
- 11% of weight had net insider buying, 90 days; 68% net selling
- 13F holders
- +4.0% change in shares held by institutions, latest quarter
- Reporting earnings
- 35.9% of weight in 7 days; 78.7% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| New position | CRSCarpenter Technology Corp | — | 2.99% | — |
| New position | RBRKRubrik Inc | — | 2.56% | — |
| New position | TMDXTransMedics Group Inc | — | 2.19% | — |
| New position | MIRMirion Technologies Inc | — | 1.89% | — |
| Exit | CWANClearwater Analytics Holdings | 1.82% | — | — |
| New position | BROSDutch Bros Inc | — | 1.68% | — |
| New position | AFRMAffirm Holdings Inc | — | 1.66% | — |
| New position | CELHCelsius Holdings Inc | — | 1.63% | — |
| Decrease | CWCurtiss-Wright Corp | 5.74% | 4.37% | −32.6% |
| Exit | MORNMorningstar Inc | 1.28% | — | — |
- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $168M · $19M over the fiscal year
- Redemptions in kind
- 97% creations 96% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2024-12-12 | 2024-12-13 | $0.0002 | CD |
| 2023-12-11 | 2023-12-13 | $0.0057 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | nVent Electric PLC | 4.75% | Equity (common) | GB |
| STRL | Sterling Infrastructure Inc | 4.64% | Equity (common) | US |
| FIX | Comfort Systems USA Inc | 4.41% | Equity (common) | US |
| CW | Curtiss-Wright Corp | 4.37% | Equity (common) | US |
| VMI | Valmont Industries Inc | 3.80% | Equity (common) | US |
| RMBS | Rambus Inc | 3.57% | Equity (common) | US |
| CRS | Carpenter Technology Corp | 2.99% | Equity (common) | US |
| BJ | BJ's Wholesale Club Holdings I | 2.79% | Equity (common) | US |
| PEN | Penumbra Inc | 2.79% | Equity (common) | US |
| RBRK | Rubrik Inc | 2.56% | Equity (common) | US |
| ENTG | Entegris Inc | 2.53% | Equity (common) | US |
| RRC | Range Resources Corp | 2.40% | Equity (common) | US |
| NOVT | Novanta Inc | 2.38% | Equity (common) | US |
| BOOT | Boot Barn Holdings Inc | 2.37% | Equity (common) | US |
| HWKN | Hawkins Inc | 2.31% | Equity (common) | US |
| HALO | Halozyme Therapeutics Inc | 2.30% | Equity (common) | US |
| — | STERIS PLC | 2.26% | Equity (common) | US |
| LECO | Lincoln Electric Holdings Inc | 2.26% | Equity (common) | US |
| PBH | Prestige Consumer Healthcare I | 2.21% | Equity (common) | US |
| TMDX | TransMedics Group Inc | 2.19% | Equity (common) | US |
| KRMN | Karman Holdings Inc | 2.14% | Equity (common) | US |
| MEDP | Medpace Holdings Inc | 2.10% | Equity (common) | US |
| UFPT | UFP Technologies Inc | 2.05% | Equity (common) | US |
| PTC | PTC Inc | 1.99% | Equity (common) | US |
| RGEN | Repligen Corp | 1.91% | Equity (common) | US |
| MIR | Mirion Technologies Inc | 1.89% | Equity (common) | US |
| PJT | PJT Partners Inc | 1.85% | Equity (common) | US |
| TSCO | Tractor Supply Co | 1.75% | Equity (common) | US |
| FND | Floor & Decor Holdings Inc | 1.71% | Equity (common) | US |
| OLLI | Ollie's Bargain Outlet Holding | 1.69% | Equity (common) | US |
| BROS | Dutch Bros Inc | 1.68% | Equity (common) | US |
| AFRM | Affirm Holdings Inc | 1.66% | Equity (common) | US |
| TRNO | Terreno Realty Corp | 1.63% | Equity (common) | US |
| ELF | elf Beauty Inc | 1.63% | Equity (common) | US |
| CELH | Celsius Holdings Inc | 1.63% | Equity (common) | US |
| PODD | Insulet Corp | 1.51% | Equity (common) | US |
| EXLS | ExlService Holdings Inc | 1.46% | Equity (common) | US |
| CDW | CDW Corp/DE | 1.40% | Equity (common) | US |
| — | First American Treasury Obliga | 1.39% | Short-term investment | US |
| AVY | Avery Dennison Corp | 1.37% | Equity (common) | US |
| COO | Cooper Cos Inc/The | 1.25% | Equity (common) | US |
| CVLT | Commvault Systems Inc | 1.14% | Equity (common) | US |
| KNSL | Kinsale Capital Group Inc | 1.13% | Equity (common) | US |
| — | Credo Technology Group Holding | 1.10% | Equity (common) | US |
| BMI | Badger Meter Inc | 1.09% | Equity (common) | US |
| SPSC | SPS Commerce Inc | -0.00% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 1.39% | $6.0M | 1 |
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | -0.49% | 3.72% | 3.89% | 2.37% |
| Feb | -- | 8.43% | -4.38% | 0.14% | 1.40% |
| Mar | -- | 3.10% | -2.88% | -9.06% | -2.95% |
| Apr | -- | -6.58% | -0.39% | 4.85% | -0.71% |
| May | -- | 3.69% | 7.46% | 6.13% | 5.76% |
| Jun | -- | 0.70% | 3.59% | 5.13% | 3.14% |
| Jul | -- | 4.75% | 2.63% | -7.01% | 0.12% |
| Aug | 3.72% | 1.26% | 2.55% | -0.72% | 1.70% |
| Sep | -7.04% | 4.00% | 3.00% | 0.77% | 0.18% |
| Oct | -5.74% | -2.03% | -0.93% | 0.41%* | -2.07% |
| Nov | 8.34% | 9.34% | -2.02% | -- | 5.22% |
| Dec | 7.11% | -6.03% | -0.97% | -- | 0.04% |
| Total | 5.46% | 20.49% | 11.30% | 3.39% | 10.16% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: CSMD
Executive Summary
Overall Assessment: NEUTRAL with confidence level 6/10 Key Drivers: Trend direction, momentum signals, and recent news sentiment Primary Risks: High volatility, beta greater than market average, and potential earnings misses Investment Thesis: CSMD is trading in a range, and while it has shown some upward momentum, the high volatility and beta may make it challenging to determine whether the stock will continue to trend upwards or consolidate. Recent News Sentiment Impact: The neutral news headline from Benzinga did not have a significant impact on the analysis.
Technical Analysis
Trend Direction: Medium-term uptrend Support/Resistance Levels: Key price levels include $32.44 (SMA 50), $33.27 (SMA 20), and $34.43 (upper Bollinger band) Momentum Signals: * RSI interpretation: Neutral, currently above the 30-70 range * MACD signal: Bullish, with a positive crossover above the signal line * Bollinger Bands position: Squeeze, indicating potential for increased volatility * Volume Analysis: Institutional interest signals are mixed
News & Sentiment Analysis
Recent Headlines Summary: The only recent news headline was neutral and did not have a significant impact on the analysis. Sentiment Assessment: Aggregate news sentiment is NEUTRAL Catalyst Identification: No upcoming events or earnings releases that could significantly impact the stock price. Market Narrative: The market narrative aligns with the technical signals, indicating a range-bound environment.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta > 1.28) Volatility Regime: Current volatility is above historical levels Options Market Signals: IV premium vs HV30 is N/A due to lack of options data. Downside Protection: Support levels include $32.44 (SMA 50) and $32.10 (lower Bollinger band)
Market Context & Positioning
Sector Performance: The sector is performing relatively well, but not significantly outperforming the market Institutional Activity: Institutional interest signals are mixed, indicating no clear trend. Correlation Analysis: CSMD moves relatively strongly with the market (R-squared > 0.8). Relative Valuation: Position within trading range.
Key Levels & Action Items
Critical Price Levels: Support at $32.44 (SMA 50) and resistance at $34.43 (upper Bollinger band) Breakout/Breakdown Levels: Technical levels that could trigger significant moves include $33.27 (SMA 20) and $34.24 (current price). Time-Sensitive Catalysts: No time-sensitive catalysts identified. Risk Management: Stop-loss levels should be set at the lower Bollinger band ($32.10), and position sizing considerations suggest a conservative approach.
Please note that this analysis is based on the provided data, and actual market performance may differ.
CSMD Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
High volatility - stock moves more than market
CSMD Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| STRL | Sterling Infrastructure Inc | 4.64% | $412.96 | +0.17% | -8.85% | -19.34% |
| FIX | Comfort Systems USA Inc | 4.41% | $1401.27 | +0.30% | -9.11% | -13.82% |
| CW | Curtiss-Wright Corp | 4.37% | $494.19 | -0.21% | -1.26% | -9.35% |
| VMI | Valmont Industries Inc | 3.80% | $448.48 | -0.49% | -3.62% | -4.78% |
| RMBS | Rambus Inc | 3.57% | $92.8 | +0.41% | +0.75% | -10.31% |
| CRS | Carpenter Technology Corp | 2.99% | $368.16 | -1.17% | -3.05% | -6.80% |
| BJ | BJ's Wholesale Club Holdings I | 2.79% | $102.41 | +0.08% | -0.95% | +13.81% |
| PEN | Penumbra Inc | 2.79% | $323.56 | -0.24% | +1.07% | +1.29% |
| RBRK | Rubrik Inc | 2.56% | $120.38 | +5.05% | +5.69% | +4.16% |
| ENTG | Entegris Inc | 2.53% | $147.69 | +3.35% | -3.52% | -2.15% |
| RRC | Range Resources Corp | 2.40% | $42.94 | -1.58% | +2.63% | +10.76% |
| NOVT | Novanta Inc | 2.38% | $139.94 | +3.21% | -0.09% | -3.11% |
| BOOT | Boot Barn Holdings Inc | 2.37% | $116.09 | +0.64% | +2.86% | -6.75% |
| HWKN | Hawkins Inc | 2.31% | $130.3 | -0.53% | -0.60% | +5.09% |
| HALO | Halozyme Therapeutics Inc | 2.30% | $124.83 | +0.37% | +6.86% | +11.02% |
| LECO | Lincoln Electric Holdings Inc | 2.26% | $263.13 | +1.17% | +2.06% | -0.86% |
| PBH | Prestige Consumer Healthcare I | 2.21% | $47.92 | -2.92% | -0.99% | +4.36% |
| TMDX | TransMedics Group Inc | 2.19% | $72.4 | -3.14% | -4.13% | -16.78% |
| KRMN | Karman Holdings Inc | 2.14% | $35.27 | +0.69% | +17.02% | +6.72% |
| MEDP | Medpace Holdings Inc | 2.10% | $662.48 | +6.43% | +7.44% | +7.35% |
| UFPT | UFP Technologies Inc | 2.05% | $290.11 | -0.42% | -0.34% | +0.95% |
| PTC | PTC Inc | 1.99% | $194.38 | +0.53% | +0.38% | +38.45% |
| RGEN | Repligen Corp | 1.91% | $180.01 | +0.63% | +1.02% | -2.45% |
| MIR | Mirion Technologies Inc | 1.89% | $15.37 | +0.85% | -3.33% | -6.17% |
| PJT | PJT Partners Inc | 1.85% | $136.34 | -0.44% | +3.15% | -8.70% |
| TSCO | Tractor Supply Co | 1.75% | $32.69 | -0.67% | -0.15% | +1.24% |
| FND | Floor & Decor Holdings Inc | 1.71% | $45.11 | -0.22% | +2.01% | -4.81% |
| OLLI | Ollie's Bargain Outlet Holding | 1.69% | $91.86 | -0.87% | -1.35% | +11.20% |
| BROS | Dutch Bros Inc | 1.68% | $42.26 | -3.56% | +7.89% | +9.97% |
| AFRM | Affirm Holdings Inc | 1.66% | $73.51 | -0.46% | +4.25% | +7.96% |
| TRNO | Terreno Realty Corp | 1.63% | $65.56 | +0.43% | +1.16% | -0.70% |
| ELF | elf Beauty Inc | 1.63% | $113.78 | -0.84% | +5.23% | +12.90% |
| CELH | Celsius Holdings Inc | 1.63% | $28.31 | -5.51% | +4.20% | -2.98% |
| PODD | Insulet Corp | 1.51% | $141.9 | -0.52% | +5.95% | +3.96% |
| EXLS | ExlService Holdings Inc | 1.46% | $41.02 | +0.39% | +9.80% | +17.77% |
| CDW | CDW Corp/DE | 1.40% | $158.28 | +2.12% | +5.45% | +8.29% |
| AVY | Avery Dennison Corp | 1.37% | $179.04 | +0.52% | +4.19% | +3.70% |
| COO | Cooper Cos Inc/The | 1.25% | $58.97 | -0.25% | +7.45% | +5.17% |
| CVLT | Commvault Systems Inc | 1.14% | $163.54 | +4.94% | +5.97% | +9.45% |
| KNSL | Kinsale Capital Group Inc | 1.13% | $376.7 | +1.27% | +7.92% | +11.00% |
| BMI | Badger Meter Inc | 1.09% | $131.86 | +2.21% | +2.65% | -0.86% |
| SPSC | SPS Commerce Inc | -0.00% | $89.38 | +1.58% | +4.82% | +9.95% |