Militia Long/Short Equity ETF
ORR
35 hedge funds and large institutions have $86.6M invested in Militia Long/Short Equity ETF in 2026 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 5 closing their positions.
104% more call options, than puts
Call options by funds: $2.59M | Put options by funds: $1.27M
40% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 5
6% more funds holding
Funds holding: 33 → 35 (+2)
4.36% more ownership
Funds ownership: 20% → 24.36% (+4.4%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
1% less capital invested
Capital invested by funds: $87.6M → $86.6M (-$970K)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LRIA
Leonard Rickey Investment Advisors
Yakima,
Washington
|
+$16.2M |
| 2 |
AWA
Arkadios Wealth Advisors
Atlanta,
Georgia
|
+$3.55M |
| 3 |
Jane Street
New York
|
+$2.23M |
| 4 |
GS
GTS Securities
Miami,
Florida
|
+$1.26M |
| 5 |
AWM
Accurate Wealth Management
Wesley Chapel,
Florida
|
+$690K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FFAS
FIG Financial Advisory Services
Oklahoma City,
Oklahoma
|
-$13M |
| 2 |
QC
Quadrature Capital
London,
United Kingdom
|
-$4.18M |
| 3 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
-$4.04M |
| 4 |
MG
Mather Group
Chicago,
Illinois
|
-$1.22M |
| 5 |
Simplex Trading
Chicago,
Illinois
|
-$1.13M |
ORR Hedge Fund Activity: Q2 2026 in Review
35 of the 8,318 institutional investors tracked by Wall St. Rank reported a position in Militia Long/Short Equity ETF (ORR) for Q2 2026, worth a combined $86.6M — down 1.1% from $87.6M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new ORR positions and 5 closed out — a net gain of 2 holders — while 13 added to existing stakes and 12 trimmed.
The largest buyer was Leonard Rickey Investment Advisors, opening a new position worth an estimated $16.2M. The largest seller was FIG Financial Advisory Services, exiting entirely with an estimated $13M sold.
- 35 institutional investors held Militia Long/Short Equity ETF (ORR) as of Q2 2026, up from 33 in Q1 2026.
- Funds reported $86.6M of Militia Long/Short Equity ETF stock for Q2 2026, down 1.1% quarter-over-quarter.
- 7 funds opened new Militia Long/Short Equity ETF positions in Q2 2026 and 5 closed out, a net change of +2 holders.
- The largest Militia Long/Short Equity ETF buyer in Q2 2026 was Leonard Rickey Investment Advisors, an estimated $16.2M added.
- The largest Militia Long/Short Equity ETF seller in Q2 2026 was FIG Financial Advisory Services, an estimated $13M sold.
Based on aggregated 13F filings for Q2 2026.