Rayliant SMDAM Japan Equity ETF
RAYJ
RAYJ was delisted on the 30th of July, 2026.
4 hedge funds and large institutions have $1.69M invested in Rayliant SMDAM Japan Equity ETF in 2025 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
33% more funds holding
Funds holding: 3 → 4 (+1)
14% more capital invested
Capital invested by funds: $1.48M → $1.69M (+$209K)
1.44% more ownership
Funds ownership: 9.44% → 10.88% (+1.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$222K |
| 2 |
SFS
Sowell Financial Services
North Little Rock,
Arkansas
|
+$220K |
| 3 |
CAS
Coppell Advisory Solutions
Coppell,
Texas
|
+$1.21K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cetera Investment Advisers
Schaumburg,
Illinois
|
-$208K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAS
1
Coppell Advisory Solutions
Coppell,
Texas
| $771K | +$1.21K | +36 | +0.2% |
|
|
SMDAM
2
Sumitomo Mitsui DS Asset Management
Tokyo,
Japan
| $490K | – | – | – |
|
|
3
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $215K | +$222K | +6,584 | New |
|
|
SFS
4
Sowell Financial Services
North Little Rock,
Arkansas
| $213K | +$220K | +6,537 | New |
|
|
5
Cetera Investment Advisers
Schaumburg,
Illinois
| – | -$208K | -6,313 | Closed |
|
RAYJ Hedge Fund Activity: Q4 2025 in Review
4 of the 8,228 institutional investors tracked by Wall St. Rank reported a position in Rayliant SMDAM Japan Equity ETF (RAYJ) for Q4 2025, worth a combined $1.69M — up 14% from $1.48M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new RAYJ positions and 1 closed out — a net gain of 1 holder — while 1 added to existing stakes and 0 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $222K. The largest seller was Cetera Investment Advisers, exiting entirely with an estimated $208K sold.
- 4 institutional investors held Rayliant SMDAM Japan Equity ETF (RAYJ) as of Q4 2025, up from 3 in Q3 2025.
- Funds reported $1.69M of Rayliant SMDAM Japan Equity ETF stock for Q4 2025, up 14% quarter-over-quarter.
- 2 funds opened new Rayliant SMDAM Japan Equity ETF positions in Q4 2025 and 1 closed out, a net change of +1 holder.
- The largest Rayliant SMDAM Japan Equity ETF buyer in Q4 2025 was Susquehanna International Group, an estimated $222K added.
- The largest Rayliant SMDAM Japan Equity ETF seller in Q4 2025 was Cetera Investment Advisers, an estimated $208K sold.
Based on aggregated 13F filings for Q4 2025.