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Global X Defense Tech ETF
SHLD

252 hedge funds and large institutions have $1.17B invested in Global X Defense Tech ETF in 2025 Q2 according to their latest regulatory filings, with 127 funds opening new positions, 87 increasing their positions, 24 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,055% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 11

500% more funds holding in top 10

Funds holding in top 10: 1 → 6 (+5)

428% more call options, than puts

Call options by funds: $9.28M | Put options by funds: $1.76M

263% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 24

124% more capital invested

Capital invested by funds: $524M → $1.17B (+$649M)

85% more funds holding

Funds holding: 136 → 252 (+116)

1.1% less ownership

Funds ownership: 42.34% → 41.24% (-1.1%)

Holders
252
Holders Change
+116
Holders Change %
+85.29%
% of All Funds
3.32%
Holding in Top 10
6
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+500%
% of All Funds
0.08%
New
127
Increased
87
Reduced
24
Closed
11
Calls
$9.28M
Puts
$1.76M
Net Calls
+$7.52M
Net Calls Change
+$6.99M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$80.6M
2
Morgan Stanley
Morgan Stanley
New York
+$51.1M
3
LPL Financial
LPL Financial
California
+$44.8M
4
Mirae Asset Global ETFs Holdings
Mirae Asset Global ETFs Holdings
Hong Kong
+$44.2M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$26.6M

Top Sellers

Rank Fund Capital Flow
1
Raymond James Financial
Raymond James Financial
Florida
-$29.5M
2
PW
Potentia Wealth
California
-$8.42M
3
Stifel Financial
Stifel Financial
Missouri
-$7.61M
4
BEI
Benjamin Edwards Inc
Missouri
-$6.72M
5
MFG
Merit Financial Group
Georgia
-$4.61M
Name Holding Trade Value Shares
Change 		Change in
Stake
TDC
151
Thompson Davis & Co
Virginia
$362K +$322K +6,000 New
CCFM
152
Clear Creek Financial Management
Washington
$345K +$308K +5,730 New
IC
153
Inscription Capital
Texas
$345K +$308K +5,725 New
Northwestern Mutual Wealth Management
154
Northwestern Mutual Wealth Management
Wisconsin
$344K +$145K +2,702 +90%
SF
155
Summit Financial
New Jersey
$343K +$305K +5,678 New
PFS
156
Prospera Financial Services
Texas
$331K +$295K +5,487 New
Manulife (Manufacturers Life Insurance)
157
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$323K +$288K +5,365 New
BCG
158
Bravias Capital Group
New Jersey
$321K +$287K +5,333 New
KFGK
159
Keystone Financial Group (Kentucky)
Kentucky
$318K +$37.9K +706 +15%
FOR
160
Family Office Research
Maryland
$314K – – –
RIA
161
Regal Investment Advisors
Michigan
$306K +$273K +5,079 New
JPLA
162
Joseph P. Lucia & Associates
New York
$304K – – –
PWMAG
163
Pinnacle Wealth Management Advisory Group
New Jersey
$301K – – –
Pathstone Holdings
164
Pathstone Holdings
New Jersey
$298K +$266K +4,950 New
AW
165
Alteri Wealth
California
$291K +$28.2K +524 +12%
SVWAG
166
Sound View Wealth Advisors Group
Georgia
$289K +$258K +4,800 New
IA
167
Inspire Advisors
Idaho
$287K +$256K +4,765 New
OIA
168
OneDigital Investment Advisors
Kansas
$286K -$9.84K -183 -4%
IFPG
169
Intrepid Financial Planning Group
Indiana
$285K +$254K +4,730 New
KA
170
Kercheville Advisors
Texas
$283K +$253K +4,700 New
SWM
171
SeaCrest Wealth Management
New York
$263K +$234K +4,363 New
XT
172
XTX Topco
Cayman Islands
$261K +$233K +4,333 New
TFM
173
Trademark Financial Management
Minnesota
$259K +$231K +4,300 New
IWC
174
Integrated Wealth Concepts
Massachusetts
$258K +$230K +4,279 New
Creative Planning
175
Creative Planning
Kansas
$253K +$226K +4,198 New
5 6
7
8 9

SHLD Hedge Fund Activity: Q2 2025 in Review

252 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Global X Defense Tech ETF (SHLD) for Q2 2025, worth a combined $1.17B — up 124% from $524M a quarter earlier.

Buyers outnumbered sellers: 127 funds opened new SHLD positions and 11 closed out — a net gain of 116 holders — while 87 added to existing stakes and 24 trimmed.

The largest buyer was Bank of America, adding an estimated $80.6M. The largest seller was Raymond James Financial, cutting an estimated $29.5M.

  • 252 institutional investors held Global X Defense Tech ETF (SHLD) as of Q2 2025, up from 136 in Q1 2025.
  • Funds reported $1.17B of Global X Defense Tech ETF stock for Q2 2025, up 124% quarter-over-quarter.
  • 127 funds opened new Global X Defense Tech ETF positions in Q2 2025 and 11 closed out, a net change of +116 holders.
  • The largest Global X Defense Tech ETF buyer in Q2 2025 was Bank of America, an estimated $80.6M added.
  • The largest Global X Defense Tech ETF seller in Q2 2025 was Raymond James Financial, an estimated $29.5M sold.

Based on aggregated 13F filings for Q2 2025.