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Inspire Small/Mid Cap Impact ETF
ISMD

50 hedge funds and large institutions have $94.8M invested in Inspire Small/Mid Cap Impact ETF in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $87.5M → $94.8M (+$7.29M)

6% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 18

2% less funds holding

Funds holding: 51 → 50 (-1)

4.19% less ownership

Funds ownership: 73.59% → 69.4% (-4.2%)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
50
Holders Change
-1
Holders Change %
-1.96%
% of All Funds
0.8%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
6
Increased
17
Reduced
18
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IA
Inspire Advisors
Idaho
+$8.74M
2
PFG
PAX Financial Group
Texas
+$1.27M
3
Osaic Holdings
Osaic Holdings
Arizona
+$640K
4
MFG
Merit Financial Group
Georgia
+$348K
5
SFS
Sowell Financial Services
Arkansas
+$244K

Top Sellers

1
II
Inspire Investing
Idaho
-$5.23M
2
Jane Street
Jane Street
New York
-$821K
3
LI
LVZ Inc
Michigan
-$298K
4
VFA
Values First Advisors
Tennessee
-$214K
5
FAM
Frontier Asset Management
Wyoming
-$208K
Name Holding Trade Value Shares
Change 		Change in
Stake
IA
1
Inspire Advisors
Idaho
$32.2M +$8.74M +273,937 +36%
CFD
2
Creative Financial Designs
Indiana
$7.27M -$124K -3,886 -2%
P
3
Paradiem
Louisiana
$6.97M -$7.75K -243 -0.1%
II
4
Inspire Investing
Idaho
$6.9M -$5.23M -163,973 -42%
PFG
5
PAX Financial Group
Texas
$6.79M +$1.27M +39,947 +22%
Osaic Holdings
6
Osaic Holdings
Arizona
$5.52M +$640K +20,069 +13%
LWAM
7
Legacy Wealth Asset Management
Minnesota
$3.74M +$3.38K +106 +0.1%
LI
8
LVZ Inc
Michigan
$3.34M -$298K -9,346 -8%
ACM
9
AlphaStar Capital Management
North Carolina
$2.68M -$116K -3,650 -4%
Carson Wealth (CWM LLC)
10
Carson Wealth (CWM LLC)
Nebraska
$2.04M +$25.3K +792 +1%
UBS Group
11
UBS Group
Switzerland
$1.94M +$20.5K +643 +1%
KAS
12
Kestra Advisory Services
Texas
$1.72M -$9.19K -288 -0.5%
LPL Financial
13
LPL Financial
California
$1.61M +$80.9K +2,535 +5%
EWA
14
EverSource Wealth Advisors
Alabama
$1.23M +$180K +5,652 +17%
KP
15
Keel Point
Alabama
$996K -$21.8K -682 -2%
KOC
16
Koss-Olinger Consulting
Florida
$982K – – –
FAIM
17
Financial Advocates Investment Management
Washington
$953K -$2.87K -90 -0.3%
Goldman Sachs
18
Goldman Sachs
New York
$857K – – –
WDL
19
Well Done LLC
Michigan
$515K – – –
AWS
20
Atria Wealth Solutions
New York
$465K +$35.9K +1,126 +8%
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$458K -$106K -3,319 -18%
AAS
22
Avantax Advisory Services
Texas
$415K – – –
OCM
23
One Capital Management
California
$372K – – –
MFG
24
Merit Financial Group
Georgia
$339K +$348K +10,913 New
AWM
25
AE Wealth Management
Kansas
$337K -$75.3K -2,359 -18%
1
2 3

ISMD Hedge Fund Activity: Q1 2023 in Review

50 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Inspire Small/Mid Cap Impact ETF (ISMD) for Q1 2023, worth a combined $94.8M — up 8.3% from $87.5M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of ISMD and 6 opened new positions — a net loss of 1 holder — while 18 trimmed existing stakes and 17 added.

The largest buyer was Inspire Advisors, adding an estimated $8.74M. The largest seller was Inspire Investing, cutting an estimated $5.23M.

  • 50 institutional investors held Inspire Small/Mid Cap Impact ETF (ISMD) as of Q1 2023, down from 51 in Q4 2022.
  • Funds reported $94.8M of Inspire Small/Mid Cap Impact ETF stock for Q1 2023, up 8.3% quarter-over-quarter.
  • 6 funds opened new Inspire Small/Mid Cap Impact ETF positions in Q1 2023 and 7 closed out, a net change of -1 holder.
  • The largest Inspire Small/Mid Cap Impact ETF buyer in Q1 2023 was Inspire Advisors, an estimated $8.74M added.
  • The largest Inspire Small/Mid Cap Impact ETF seller in Q1 2023 was Inspire Investing, an estimated $5.23M sold.

Based on aggregated 13F filings for Q1 2023.