Bushido Capital US Equity ETF
SMRI
6 hedge funds and large institutions have $452M invested in Bushido Capital US Equity ETF in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 0 closing their positions.
78% more capital invested
Capital invested by funds: $254M → $452M (+$198M)
50% more funds holding
Funds holding: 4 → 6 (+2)
38.7% more ownership
Funds ownership: 57.83% → 96.53% (+39%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sepio Capital
Salt Lake City,
Utah
|
+$180M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$234K |
| 3 |
William Blair & Company
Chicago,
Illinois
|
+$1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
-$993K |
| 2 |
MCM
Marathon Capital Management
Hunt Valley,
Maryland
|
-$335 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
1
Sepio Capital
Salt Lake City,
Utah
| $451M | +$180M | +5,362,258 | +70% |
|
|
GS
2
GTS Securities
New York
| $474K | -$993K | -29,673 | -68% |
|
|
MCM
3
Marathon Capital Management
Hunt Valley,
Maryland
| $295K | -$335 | -10 | -0.1% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $242K | +$234K | +6,980 | New |
|
|
5
William Blair & Company
Chicago,
Illinois
| $1.04K | +$1K | +30 | New |
|
|
NMG
6
New Millennium Group
Sandy,
Utah
| $21 | – | – | – |
|
SMRI Hedge Fund Activity: Q3 2025 in Review
6 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Bushido Capital US Equity ETF (SMRI) for Q3 2025, worth a combined $452M — up 78% from $254M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new SMRI positions and 0 closed out — a net gain of 2 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Sepio Capital, adding an estimated $180M. The largest seller was GTS Securities, cutting an estimated $993K.
- 6 institutional investors held Bushido Capital US Equity ETF (SMRI) as of Q3 2025, up from 4 in Q2 2025.
- Funds reported $452M of Bushido Capital US Equity ETF stock for Q3 2025, up 78% quarter-over-quarter.
- 2 funds opened new Bushido Capital US Equity ETF positions in Q3 2025 and 0 closed out, a net change of +2 holders.
- The largest Bushido Capital US Equity ETF buyer in Q3 2025 was Sepio Capital, an estimated $180M added.
- The largest Bushido Capital US Equity ETF seller in Q3 2025 was GTS Securities, an estimated $993K sold.
Based on aggregated 13F filings for Q3 2025.