The SPAC and New Issue ETF (SPCX)

Market Cap: $11.3M

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

1.86% less ownership

Funds ownership: 14.3% [Q1] → 12.44% (-1.86%) [Q2]

19% less capital invested

Capital invested by funds: $1.82M [Q1] → $1.47M (-$349K) [Q2]

20% less funds holding

Funds holding: 10 [Q1] → 8 (-2) [Q2]

33% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 3

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3