LBO WHITEWOLF Publicly Listed Private Equity ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

LBO — —
Key stats
About

WHITEWOLF Publicly Listed Private Equity ETF (LBO) ETF

No description available.

Exchange
BATS
Inception
2023-11-30
Has Options
No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
Expense ratio
6.53%
prospectus, filed May 27, 2026
Assets
$6.2M
shares × price, Oct 15, 2026
Trailing yield
6.64%
paid quarterly
Average daily volume
$39K
30 sessions
Holdings
39
top 10 are 66.7%
Listed
Nov 30, 2023
Cboe BZX
Last fee change
-18 bp
filed May 27, 2026
Closure risk, 12 months
16%
elevated: trading volume, size of the sponsor's line-up · model
FrenzyCap ETF score
8
how it is built
Cost1
Liquidity0
Scale0
Diversification41

Moves with. US large-cap stocks (35% of its variance, beta 1.12); Bitcoin (6% of its variance, beta 0.08); Small caps over large (6% of its variance, beta 0.40). These factors explain 47% of its daily moves over the last year.

Stated objective. The WHITEWOLF Publicly Listed Private Equity ETF (the Fund or LBO) seeks long-term capital appreciation and current income. (from the fund's prospectus)

All 39 holdingsFlow historySimilar fundsOverlap toolAll Multi-Strategy ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
$0
latest reported month
Latest 3 months
−$1.3M
−18.0% of assets
Latest 12 months
+$632K
+9.0% of assets
Aug 2025: +$1.3M+$1.3MSep 2025: +$906KSepOct 2025: +$569KNov 2025: −$1.7M−$1.7MNovDec 2025: −$885KJan 2026: $0JanFeb 2026: +$810KMar 2026: +$932KMarApr 2026: $0May 2026: −$1.3MMayJun 2026: $0Jul 2026: $0Jul
View as a table
Net flows of LBO by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026$0
Jun 2026$0
May 2026−$1.3M
Apr 2026$0
Mar 2026+$932K
Feb 2026+$810K
Jan 2026$0
Dec 2025−$885K
Nov 2025−$1.7M
Oct 2025+$569K
Sep 2025+$906K
Aug 2025+$1.3M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 33 months ago

Similar funds
FundOverlapFeeAssets1Y
GPZVanEck Alternative Asset Manager ETF46%0.40%$224M−21.6%compare
PBDCPutnam BDC Income ETF35%11.77%$265M−15.4%compare
FBDCFT Confluence BDC & Specialty Finance Income ETF35%—$35M−13.5%compare
BIZDVanEck BDC Income ETF30%9.69%$1.4B−13.9%compare
PEXProShares Global Listed Private Equity ETF24%2.95%$10M−13.9%compare

Ranked by how much of the two portfolios is the same securities.

Look-through: what the holdings say
weights as of Jul 31, 2026SEC filing
Holdings vs fair value
+23.4%
59% under, 20% over · 100% covered
Price / earnings
67.8
7% loss-making · 95% covered
Price / book · sales
2.6 · 2.7
revenue growth +16.9%
Above 200-day average
13%
8% above 50-day · by weight
Short interest
6.2%
of float, weighted · 6.1 days to cover
Insider buying
5%
of weight had net insider buying, 90 days; 6% net selling
13F holders
+3.5%
change in shares held by institutions, latest quarter
Reporting earnings
6.2%
of weight in 7 days; 28.4% in 14
Largest contributors below fair value
Largest contributors above fair value
Holdings reporting in the next 14 days · weighted implied move this week 0.37%

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.

What changed in the portfolio
Apr 30, 2026 → Jul 31, 2026
ActionHoldingWeight beforeWeight afterShares vs flows
IncreaseARESAres Management Corp3.77%6.57%+55.2%
DecreaseHTGCHERCULES CAPITAL INC7.43%5.16%−34.1%
New positionOBDCBlue Owl Capital Corp—1.41%—
IncreaseBAMBrookfield Asset Management Ltd3.00%4.18%+34.1%
ExitCIONCION Investment Corp1.15%——
DecreaseTRINTrinity Capital Inc3.27%2.39%−33.0%
ExitPSECProspect Capital Corp0.80%——
IncreaseCGCarlyle Group Inc/The4.39%4.64%+11.6%
ExitFSKFS KKR Capital Corp0.09%——
ExitTCPCBlackRock TCP Capital Corp0.04%——

1 new, 4 exited, 3 increased and 2 decreased between the fund's two latest holdings reports; turnover 7.5%. Full holdings and history

Under the hood
fiscal year to Jan 31, 2026SEC census
Authorized participants
4 active
of 4 with agreements; top 3 did 98%
Created · redeemed
$8.2M · $6.4M
over the fiscal year
Redemptions in kind
99%
creations 98% in kind
Creation unit
10,000
shares
Securities lending
1.48%
of assets on loan on average; earned 1.9 bp
Diversification status
Non-diversified
may concentrate in fewer issuers

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-07-31
Holdings
39
AUM
$7.1M
Provider
Nport
Inception
2023-11-30
Exchange
BATS
Data As Of
2026-07-31
Expense Ratio
6.53%
Dividend Yield
6.75%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-09-28 2026-09-30 $0.3392 CD
2026-06-29 2026-06-30 $0.3375 CD
2026-03-30 2026-03-31 $0.2626 CD
2025-12-23 2025-12-24 $0.6313 CD
2025-09-29 2025-09-30 $0.4412 CD
2025-06-27 2025-06-30 $0.6095 CD
Asset Allocation
Top Holdings
top 39 of 39 holdings
Symbol Name Weight % Asset Class Country
ARCC Ares Capital Corp 10.16% Equity (common) US
APO Apollo Global Management Inc 9.73% Equity (common) US
KKR KKR & Co Inc 7.81% Equity (common) US
BXSL Blackstone Secured Lending Fund 7.19% Equity (common) US
ARES Ares Management Corp 6.57% Equity (common) US
GBDC Golub Capital BDC Inc 5.37% Equity (common) US
HTGC HERCULES CAPITAL INC 5.16% Equity (common) US
BLK Blackrock Inc 5.07% Equity (common) US
OWL Blue Owl Capital Inc 5.00% Equity (common) US
CG Carlyle Group Inc/The 4.64% Equity (common) US
BAM Brookfield Asset Management Ltd 4.18% Equity (common) CA
BX Blackstone Inc 4.13% Equity (common) US
CODI Compass Diversified Holdings 3.42% Equity (common) US
TPG TPG Inc 3.25% Equity (common) US
BN Brookfield Corp 3.11% Equity (common) CA
TRIN Trinity Capital Inc 2.39% Equity (common) US
— First American Government Obligations Fund 2.31% Short-term investment US
TSLX Sixth Street Specialty Lending Inc 1.75% Equity (common) US
MFIC MidCap Financial Investment Corp 1.62% Equity (common) US
OBDC Blue Owl Capital Corp 1.41% Equity (common) US
STEP StepStone Group Inc 1.23% Equity (common) US
MAIN Main Street Capital Corp 0.93% Equity (common) US
HLNE Hamilton Lane Inc 0.89% Equity (common) US
BBDC Barings BDC Inc 0.85% Equity (common) US
BCSF Bain Capital Specialty Finance Inc 0.84% Equity (common) US
RPC Ridgepost Capital Inc 0.34% Equity (common) US
SAR Saratoga Investment Corp 0.10% Equity (common) US
NMFC New Mountain Finance Corp 0.09% Equity (common) US
GCMG GCM Grosvenor Inc 0.07% Equity (common) US
CSWC Capital Southwest Corp 0.07% Equity (common) US
GAIN Gladstone Investment Corp 0.07% Equity (common) US
PNNT PennantPark Investment Corp 0.07% Equity (common) US
FDUS Fidus Investment Corp 0.07% Equity (common) US
SCM Stellus Capital Investment Corp 0.06% Equity (common) US
GLAD Gladstone Capital Corp 0.05% Equity (common) US
PFLT PennantPark Floating Rate Capital Ltd 0.01% Equity (common) US
CGBD Carlyle Secured Lending Inc 0.01% Equity (common) US
GSBD Goldman Sachs BDC Inc 0.01% Equity (common) US
TPVG TriplePoint Venture Growth BDC Corp 0.01% Equity (common) US
Geographic Breakdown
Non-Equity Breakdown
WHITEWOLF Publicly Listed Private Equity ETF · NPORT-P period 2026-07-31 (filed 2026-09-28)
Net assets: $7M · 39 total positions · equity 97.73% · non-equity 2.31%
Non-equity holdings — 1 positions, 2.31% of NAV
Category Weight Value Positions
Short-term investment 2.31% $162953 1
Chart
Seasonality
Month'23'24'25'26Avg
Jan--2.25%5.50%-3.97%1.26%
Feb--4.33%-3.77%-13.54%-4.33%
Mar--1.84%-6.79%-2.71%-2.55%
Apr---0.45%-6.42%10.92%1.35%
May--3.11%4.85%-2.60%1.79%
Jun---1.97%1.45%-5.56%-2.03%
Jul--6.98%3.83%3.84%4.88%
Aug---0.29%0.94%5.30%1.98%
Sep--4.70%-6.70%-10.47%-4.16%
Oct--5.64%-2.36%-3.08%*0.07%
Nov0.00%8.53%2.22%--3.58%
Dec5.42%-3.39%0.96%--1.00%
Total5.42%35.23%-7.19%-21.80%2.92%
* Only 4 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • 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.
Momentum Oscillators
  • 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.

Volume & Volatility
  • 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

SMA 20: $24.14
SMA 50: $25.73
SMA 200: $25.58
Current: $23.28
EMA 12: $23.82
EMA 26: $24.42
MACD: -0.6047 | Signal: -0.0012
BEARISH
ADX (14): 33.39
TREND
+DI: 25.02
−DI: 53.52

Momentum Oscillators

RSI (14): 32.31
NEUTRAL
Stoch %K: 21.26
Stoch %D: 18.99
Williams %R: -87.34

Volume & Volatility

BB Upper: $25.38
BB Lower: $22.91
NEUTRAL
OBV: -200,232
Vol SMA 20: 1,903
Vol ROC: -91.59%
ATR: $0.31
True Range: $0.38
HV 20: 19.2%
HV 30: 17.7%
HV 60: 22.7%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-18T00:00:00 – 2026-10-16T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

LBO Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

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.

Stage 2 — Skew Adjustment (±25% cap)

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.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • 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.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which 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.
Reading them together

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.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 1.0264
Alpha: -30.55%
Correlation: 0.5644
R-Squared: 31.9%
Stock Volatility: 23.2%
Market Volatility: 12.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time

LBO Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

7 filers282,107 shares$7.47M value
# Filer Shares Value % of Total % of Float Period
1 Pursuit Wealth Management LLC 120,677 $3.48M 46.64% — 2025-12-31
2 CARY STREET PARTNERS FINANCIAL LLC 103,789 $2.50M 33.43% — 2026-06-30
3 COMERICA BANK Custodian 21,136 $610.01K 8.17% — 2025-12-31
4 FIFTH THIRD BANCORP 13,740 $330.54K 4.43% — 2026-06-30
5 Brookwood Investment Group LLC 12,924 $310.90K 4.16% — 2026-06-30
6 Royal Bank of Canada Custodian 9,639 $232.00K 3.11% — 2026-06-30
7 Farther Finance Advisors, LLC Custodian 202 $4.86K 0.07% — 2026-09-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
LBO Constituent Performance

Click any bar to view the full quote for that stock.

LBO Constituents (38 of 38)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
ARCC Ares Capital Corp 10.16% $18.72 -1.06%+0.86%-3.51%
APO Apollo Global Management Inc 9.73% $110.78 -0.97%-6.63%-12.02%
KKR KKR & Co Inc 7.81% $86.21 -1.62%-5.21%-12.75%
BXSL Blackstone Secured Lending Fund 7.19% $23.86 -1.36%+0.00%-3.95%
ARES Ares Management Corp 6.57% $112.27 -1.54%-4.22%-9.31%
GBDC Golub Capital BDC Inc 5.37% $12.12 -1.22%+0.17%-3.35%
HTGC HERCULES CAPITAL INC 5.16% $16.37 -1.74%-0.85%-5.54%
BLK Blackrock Inc 5.07% $1134.38 +1.21%+4.80%+6.04%
OWL Blue Owl Capital Inc 5.00% $8.85 -1.34%-6.74%-10.06%
CG Carlyle Group Inc/The 4.64% $36.38 -1.17%-5.31%-9.28%
BAM Brookfield Asset Management Ltd 4.18% $45.32 -1.44%-1.22%-1.61%
BX Blackstone Inc 4.13% $106.61 -2.37%-6.72%-14.68%
CODI Compass Diversified Holdings 3.42% $10.01 -5.74%-7.74%-9.25%
TPG TPG Inc 3.25% $42.52 -1.96%-6.05%-8.50%
BN Brookfield Corp 3.11% $36.62 -0.52%-1.27%-2.37%
TRIN Trinity Capital Inc 2.39% $16.09 -3.31%-5.91%-8.74%
TSLX Sixth Street Specialty Lending Inc 1.75% $17.03 -3.13%-1.84%-4.86%
MFIC MidCap Financial Investment Corp 1.62% $8.34 -1.88%-1.53%-7.54%
OBDC Blue Owl Capital Corp 1.41% $10.11 -2.32%+0.00%-9.49%
STEP StepStone Group Inc 1.23% $41.64 -2.51%-5.58%-10.08%
MAIN Main Street Capital Corp 0.93% $53.83 -0.81%+0.17%-4.20%
HLNE Hamilton Lane Inc 0.89% $81.84 -1.99%-4.47%-6.72%
BBDC Barings BDC Inc 0.85% $8.44 -1.86%-0.94%-3.43%
BCSF Bain Capital Specialty Finance Inc 0.84% $10.26 -3.48%-3.39%-7.48%
RPC Ridgepost Capital Inc 0.34% $8.27 +0.61%+4.16%+5.08%
SAR Saratoga Investment Corp 0.10% $15.32 +0.66%+1.93%-13.15%
NMFC New Mountain Finance Corp 0.09% $6.74 -2.25%+0.15%-3.58%
GAIN Gladstone Investment Corp 0.07% $15.05 -1.76%-1.31%-5.11%
CSWC Capital Southwest Corp 0.07% $23.08 -1.87%-1.95%-1.45%
GCMG GCM Grosvenor Inc 0.07% $12.56 -2.33%-4.85%-4.41%
FDUS Fidus Investment Corp 0.07% $18.98 -2.37%-0.42%-1.96%
PNNT PennantPark Investment Corp 0.07% $3.04 -2.56%-4.40%-10.59%
SCM Stellus Capital Investment Corp 0.06% $7.06 -2.22%-1.40%-10.63%
GLAD Gladstone Capital Corp 0.05% $18.88 -2.33%+0.37%-2.23%
TPVG TriplePoint Venture Growth BDC Corp 0.01% $4.42 -1.78%-5.96%-8.87%
PFLT PennantPark Floating Rate Capital Ltd 0.01% $6.51 -2.11%-2.54%-7.13%
GSBD Goldman Sachs BDC Inc 0.01% $8.73 -2.13%-0.46%-10.00%
CGBD Carlyle Secured Lending Inc 0.01% $10.39 -2.53%-0.29%-8.94%