HEFT Hedgeye Fourth Turning ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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Hedgeye Fourth Turning ETF (HEFT) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2025-11-20
- Has Options
- No
- Expense ratio
- 0.70% prospectus, filed Nov 5, 2025
- Assets
- $84M SEC filing, Jul 31, 2026
- Trailing yield
- 0.02% paid annual
- Average daily volume
- $317K 30 sessions
- Holdings
- 68 top 10 are 61.4%
- Listed
- Nov 20, 2025 NYSE Arca
Moves with. Gold (27% of its variance, beta 0.18); Emerging markets over US (10% of its variance, beta 0.14); US large-cap stocks (6% of its variance, beta 0.15); Small caps over large (5% of its variance, beta 0.18). These factors explain 44% of its daily moves over the last year.
Stated objective. Hedgeye Fourth Turning ETF (the Fund) seeks long-term capital appreciation. (from the fund's prospectus)
All 68 holdingsFlow historySimilar fundsOverlap toolAll Allocation ETFs
- Jul 2026
- −$12M latest reported month
- Latest 3 months
- −$21M −25.4% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$12M |
| Jun 2026 | −$3.7M |
| May 2026 | −$5.4M |
| Apr 2026 | +$17M |
| Mar 2026 | +$30M |
| Feb 2026 | +$7.0M |
| Jan 2026 | +$39M |
| Dec 2025 | +$7.1M |
| Nov 2025 | +$6.3M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 9 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| ENDWCambria Endowment Style ETF | 20% | 0.22% | $143M | +14.0% | compare |
| RLYState Street Multi-Asset Real Return ETF | 15% | 0.50% | $1.4B | +19.0% | compare |
| VPXVariant Perception Cycle Aware US Equity ETF | 10% | 0.75% | $43M | — | compare |
| HECAHedgeye Capital Allocation ETF | 9% | 1.30% | $287M | −6.9% | compare |
| DDXXDefined Duration 20 ETF | 8% | 0.25% | $14M | — | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +14.5% 53% under, 22% over · 91% covered
- Price / earnings
- 24.3 0% loss-making · 77% covered
- Price / book · sales
- 5.0 · 2.3 revenue growth +11.3%
- Above 200-day average
- 50% 55% above 50-day · by weight
- Short interest
- 2.1% of float, weighted · 3.4 days to cover
- Insider buying
- 0% of weight had net insider buying, 90 days; 57% net selling
- 13F holders
- −0.6% change in shares held by institutions, latest quarter
- Reporting earnings
- 35.0% of weight in 7 days; 54.4% 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.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-30 | 2025-12-31 | $0.0050 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| CERY | State Street SPDR Bloomberg En | 11.98% | Equity (common) | US |
| — | First American Government Obli | 10.99% | Short-term investment | US |
| DBMF | iMGP DBi Managed Futures Strat | 10.00% | Equity (common) | US |
| UTWO | F/m US Treasury 2 Year Note ET | 9.52% | Equity (common) | US |
| VTI | Vanguard Morningstar Total Sto | 7.71% | Equity (common) | US |
| NOBL | ProShares S&P 500 Dividend Ari | 4.89% | Equity (common) | US |
| LVHD | Franklin U.S. Low Volatility H | 4.88% | Equity (common) | US |
| NFRA | FlexShares STOXX Global Broad | 3.55% | Equity (common) | US |
| GNR | State Street SPDR S&P Global N | 3.02% | Equity (common) | US |
| VCSH | Vanguard Short-Term Corporate | 3.01% | Equity (common) | US |
| CIBR | First Trust NASDAQ Cybersecuri | 2.80% | Equity (common) | US |
| OIH | VanEck Oil Services ETF | 2.80% | Equity (common) | US |
| XBI | State Street SPDR S&P Biotech | 2.38% | Equity (common) | US |
| XOP | State Street SPDR S&P Oil & Ga | 2.06% | Equity (common) | US |
| XSW | State Street SPDR S&P Software | 1.99% | Equity (common) | US |
| HTEC | ROBO Global R Healthcare Techn | 1.54% | Equity (common) | US |
| GLD | SPDR Gold Shares | 1.53% | Equity (common) | US |
| IHE | iShares U.S. Pharmaceuticals E | 1.47% | Equity (common) | US |
| FITE | State Street SPDR S&P Kensho F | 1.47% | Equity (common) | US |
| IHF | iShares U.S. Healthcare Provid | 1.46% | Equity (common) | US |
| LLY | Eli Lilly & Co | 1.43% | Equity (common) | US |
| DG | Dollar General Corp | 1.12% | Equity (common) | US |
| RTX | RTX Corp | 1.10% | Equity (common) | US |
| AM | Antero Midstream Corp | 1.09% | Equity (common) | US |
| EPD | Enterprise Products Partners L | 1.05% | Equity (common) | US |
| EWZ | iShares MSCI Brazil ETF | 1.04% | Equity (common) | US |
| ROK | Rockwell Automation Inc | 1.03% | Equity (common) | US |
| PAVE | Global X US Infrastructure Dev | 1.02% | Equity (common) | US |
| XAR | State Street SPDR S&P Aerospac | 1.01% | Equity (common) | US |
| PM | Philip Morris International In | 0.99% | Equity (common) | US |
| IPAY | Amplify Digital Payments ETF | 0.98% | Equity (common) | US |
| NVO | Novo Nordisk A/S | 0.94% | Equity (common) | DK |
| — | Linde PLC | 0.94% | Equity (common) | US |
| BTI | British American Tobacco PLC | 0.49% | Equity (common) | GB |
| — | N/A | 0.13% | Derivative (equity) | US |
| — | N/A | -0.03% | Derivative (equity) | US |
| COIN | Coinbase Global Inc | -0.20% | Equity (common) | US |
| RBLX | ROBLOX Corp | -0.22% | Equity (common) | US |
| PSKY | Paramount Skydance Corp | -0.26% | Equity (common) | US |
| GIL | Gildan Activewear Inc | -0.27% | Equity (common) | CA |
| CVNA | Carvana Co | -0.28% | Equity (common) | US |
| ADYEY | Adyen NV | -0.28% | Equity (common) | NL |
| BOOT | Boot Barn Holdings Inc | -0.29% | Equity (common) | US |
| WING | Wingstop Inc | -0.29% | Equity (common) | US |
| CAT | Caterpillar Inc | -0.30% | Equity (common) | US |
| BYND | Beyond Meat Inc | -0.31% | Equity (common) | US |
| HSY | Hershey Co/The | -0.33% | Equity (common) | US |
| MARA | MARA Holdings Inc | -0.33% | Equity (common) | US |
| HCA | HCA Healthcare Inc | -0.34% | Equity (common) | US |
| MZTI | Marzetti Company/The | -0.38% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 10.99% | $9.3M | 1 |
| Derivative (equity) | 0.10% | $82316 | 2 |
| Month | '25 | '26 | Avg |
|---|---|---|---|
| Jan | -- | 6.30% | 6.30% |
| Feb | -- | 1.68% | 1.68% |
| Mar | -- | -3.45% | -3.45% |
| Apr | -- | -1.48% | -1.48% |
| May | -- | 3.06% | 3.06% |
| Jun | -- | -2.50% | -2.50% |
| Jul | -- | -0.46% | -0.46% |
| Aug | -- | 2.48% | 2.48% |
| Sep | -- | -1.09% | -1.09% |
| Oct | -- | 0.87%* | 0.87% |
| Nov | 1.64% | -- | 1.64% |
| Dec | 0.12% | -- | 0.12% |
| Total | 1.76% | 5.14% | 3.45% |
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: HEFT
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Low volatility, bullish momentum signals, and neutral RSI
Primary Risks: Lack of recent news headlines, uncertain market direction
Investment Thesis: HEFT's technical indicators suggest a consolidation phase, with potential for further price appreciation if the stock can break above the upper Bollinger Band. However, the absence of recent news headlines and mixed signals from momentum oscillators reduce confidence in this assessment.
Recent News Sentiment Impact: No recent news available; no significant impact on analysis
Technical Analysis
Trend Direction: Consolidation (short-term), Neutral (medium-term)
Support/Resistance Levels:
- Upper Bollinger Band: $27.49
- Middle Bollinger Band: $26.84
- Lower Bollinger Band: $26.19
Momentum Signals:
- RSI (14): 56.45 (neutral)
- MACD: Bullish signal line crossover above the zero line
- Bollinger Bands: Neutral, with price touching the middle band
Volume Analysis: Low volume, decreasing rate of change, and increasing OBV suggest a potential accumulation phase
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral (no significant news or market events)
Catalyst Identification: No upcoming earnings, product launches, or regulatory changes announced
Market Narrative: The lack of recent news headlines and mixed technical signals create uncertainty in the market narrative
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta 0.25)
Volatility Regime: Low volatility regime, with stock movements less than the broader market
Options Market Signals: No options data available; no significant signals or activity
Downside Protection: Support levels and risk management considerations: $26.19 (lower Bollinger Band), $26.46 (SMA 50)
Market Context & Positioning
Sector Performance: HEFT's sector (Technology) has been performing relatively well, with a higher R-squared value than the broader market
Institutional Activity: Low volume and decreasing rate of change suggest potential institutional accumulation
Correlation Analysis: HEFT's price movements are positively correlated with the broader market (R-squared 0.25)
Relative Valuation: HEFT is positioned within its trading range, with no significant valuation discrepancies or deviations from historical norms
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $27.49
- Middle Bollinger Band: $26.84
- Lower Bollinger Band: $26.19
Breakout/Breakdown Levels: No significant levels to monitor, given the consolidation phase and neutral RSI
Time-Sensitive Catalysts: No upcoming earnings, product launches, or regulatory changes announced
Risk Management: Set stop-loss levels at $25.95 (lower Bollinger Band) and consider position sizing based on risk tolerance
HEFT 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: 228
Period: 252 trading days
Low volatility - stock moves less than market
HEFT Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional 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 |
|---|---|---|---|---|---|---|
| CERY | State Street SPDR Bloomberg En | 11.98% | $40.04 | -0.55% | -0.50% | +0.68% |
| DBMF | iMGP DBi Managed Futures Strat | 10.00% | $32.91 | +0.21% | -0.45% | +1.39% |
| UTWO | F/m US Treasury 2 Year Note ET | 9.52% | $47.52 | -0.04% | +0.09% | +0.17% |
| VTI | Vanguard Morningstar Total Sto | 7.71% | $379.15 | +0.55% | +0.60% | +0.24% |
| NOBL | ProShares S&P 500 Dividend Ari | 4.89% | $57.51 | +0.03% | +2.42% | +4.28% |
| LVHD | Franklin U.S. Low Volatility H | 4.88% | $43.81 | -0.39% | +2.05% | +4.14% |
| NFRA | FlexShares STOXX Global Broad | 3.55% | $63.5 | -0.10% | +1.14% | -0.28% |
| GNR | State Street SPDR S&P Global N | 3.02% | $76.38 | -0.12% | +0.35% | -0.17% |
| VCSH | Vanguard Short-Term Corporate | 3.01% | $77.39 | -0.01% | +0.12% | -0.04% |
| CIBR | First Trust NASDAQ Cybersecuri | 2.80% | $103.13 | +2.72% | -0.59% | -0.85% |
| OIH | VanEck Oil Services ETF | 2.80% | $393.58 | +2.26% | +2.93% | -0.53% |
| XBI | State Street SPDR S&P Biotech | 2.38% | $152.78 | -0.30% | +4.09% | -1.56% |
| XOP | State Street SPDR S&P Oil & Ga | 2.06% | $199.02 | -0.51% | +0.60% | +8.96% |
| XSW | State Street SPDR S&P Software | 1.99% | $210.88 | +1.96% | +6.55% | +5.00% |
| HTEC | ROBO Global R Healthcare Techn | 1.54% | $44.46 | +0.92% | +3.68% | +2.58% |
| GLD | SPDR Gold Shares | 1.53% | $378.95 | +0.34% | +0.79% | -3.55% |
| IHE | iShares U.S. Pharmaceuticals E | 1.47% | $102.78 | -0.67% | +3.31% | +1.44% |
| FITE | State Street SPDR S&P Kensho F | 1.47% | $107.88 | +2.10% | +1.37% | -4.31% |
| IHF | iShares U.S. Healthcare Provid | 1.46% | $59.98 | -0.56% | +2.76% | +9.13% |
| LLY | Eli Lilly & Co | 1.43% | $1270.75 | -1.01% | +5.13% | +10.40% |
| DG | Dollar General Corp | 1.12% | $132.12 | -1.54% | +1.68% | +9.55% |
| RTX | RTX Corp | 1.10% | $191.6 | -0.90% | +2.75% | -0.31% |
| AM | Antero Midstream Corp | 1.09% | $20.75 | +0.88% | -0.05% | -2.95% |
| EPD | Enterprise Products Partners L | 1.05% | $36.59 | -1.05% | +2.24% | -2.61% |
| EWZ | iShares MSCI Brazil ETF | 1.04% | $42.51 | -1.00% | -0.21% | +13.75% |
| ROK | Rockwell Automation Inc | 1.03% | $438.51 | +2.51% | +3.56% | +1.30% |
| PAVE | Global X US Infrastructure Dev | 1.02% | $53.14 | +0.93% | +0.61% | -0.47% |
| XAR | State Street SPDR S&P Aerospac | 1.01% | $222.64 | +0.22% | +1.04% | -6.99% |
| PM | Philip Morris International In | 0.99% | $197.46 | -1.22% | -3.95% | +3.47% |
| IPAY | Amplify Digital Payments ETF | 0.98% | $49.86 | +0.26% | +3.64% | +6.06% |
| NVO | Novo Nordisk A/S | 0.94% | $39.06 | -0.74% | +2.47% | +2.33% |
| BTI | British American Tobacco PLC | 0.49% | $58.9 | -0.36% | +3.95% | +5.46% |
| COIN | Coinbase Global Inc | -0.20% | $177.08 | +3.65% | +2.42% | -10.62% |
| RBLX | ROBLOX Corp | -0.22% | $52.55 | +0.38% | +10.54% | +7.27% |
| PSKY | Paramount Skydance Corp | -0.26% | $9.78 | +105.79% | +90.18% | +80.02% |
| GIL | Gildan Activewear Inc | -0.27% | $40.31 | -1.47% | -1.97% | -12.73% |
| CVNA | Carvana Co | -0.28% | $59.19 | -1.78% | +2.12% | -7.44% |
| BOOT | Boot Barn Holdings Inc | -0.29% | $116.09 | +0.64% | +2.86% | -6.75% |
| WING | Wingstop Inc | -0.29% | $119.95 | -7.95% | -2.40% | +22.55% |
| CAT | Caterpillar Inc | -0.30% | $740.21 | +2.06% | -1.17% | -8.84% |
| BYND | Beyond Meat Inc | -0.31% | $6.82 | +0.15% | +0.59% | -32.00% |
| HSY | Hershey Co/The | -0.33% | $167.81 | -1.04% | +2.17% | -0.38% |
| MARA | MARA Holdings Inc | -0.33% | $7.79 | +4.14% | -5.35% | -41.65% |
| HCA | HCA Healthcare Inc | -0.34% | $459.4 | -1.36% | -2.35% | +5.25% |
| MZTI | Marzetti Company/The | -0.38% | $105.33 | -0.64% | +4.07% | +3.14% |
| FUBO | fuboTV Inc | -0.39% | $8.12 | -1.22% | -1.69% | -15.68% |
| KRUS | Kura Sushi USA Inc | -0.39% | $34.76 | -6.93% | -8.98% | -6.56% |
| LULU | Lululemon Athletica Inc | -0.39% | $96.53 | -3.41% | +2.59% | -5.62% |
| NKE | NIKE Inc | -0.40% | $37.53 | -0.92% | +6.32% | +4.11% |
| APP | AppLovin Corp | -0.40% | $267.9 | -1.67% | +2.18% | -15.02% |