Bushido Capital US Equity ETF
SMRI
7 hedge funds and large institutions have $481M invested in Bushido Capital US Equity ETF in 2026 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 2 closing their positions.
11.66% more ownership
Funds ownership: 83.48% → 95.14% (+12%)
1% more capital invested
Capital invested by funds: $477M → $481M (+$4.86M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 2
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
13% less funds holding
Funds holding: 8 → 7 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sepio Capital
Salt Lake City,
Utah
|
+$16.1M |
| 2 |
BPA
Beacon Pointe Advisors
Newport Beach,
California
|
+$348K |
| 3 |
MCM
Marathon Capital Management
Hunt Valley,
Maryland
|
+$4.51K |
| 4 |
GWM
Geneos Wealth Management
Englewood,
Colorado
|
+$2.27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
GTS Securities
New York
|
-$1.28M |
| 2 |
BDF
Black Diamond Financial
Towson,
Maryland
|
-$52.6K |
| 3 |
Cambridge Investment Research Advisors
Fairfield,
Iowa
|
-$1.23K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$361 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SC
1
Sepio Capital
Salt Lake City,
Utah
| $480M | +$16.1M | +445,802 | +3% |
|
|
2
Cambridge Investment Research Advisors
Fairfield,
Iowa
| $346K | -$1.23K | -34 | -0.3% |
|
|
BDF
3
Black Diamond Financial
Towson,
Maryland
| $341K | -$52.6K | -1,458 | -13% |
|
|
BPA
4
Beacon Pointe Advisors
Newport Beach,
California
| $341K | +$348K | +9,624 | New |
|
|
MCM
5
Marathon Capital Management
Hunt Valley,
Maryland
| $306K | +$4.51K | +125 | +1% |
|
|
GWM
6
Geneos Wealth Management
Englewood,
Colorado
| $2.23K | +$2.27K | +63 | New |
|
7
William Blair & Company
Chicago,
Illinois
| $1.06K | – | – | – |
|
|
GS
8
GTS Securities
New York
| – | -$1.28M | -35,349 | Closed |
|
|
9
UBS Group
Zurich,
Switzerland
| – | -$361 | -10 | Closed |
|
SMRI Hedge Fund Activity: Q1 2026 in Review
7 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Bushido Capital US Equity ETF (SMRI) for Q1 2026, worth a combined $481M — up 1% from $477M a quarter earlier.
Fund positioning in SMRI was balanced in Q1 2026: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 2 trimmed.
The largest buyer was Sepio Capital, adding an estimated $16.1M. The largest seller was GTS Securities, exiting entirely with an estimated $1.28M sold.
- 7 institutional investors held Bushido Capital US Equity ETF (SMRI) as of Q1 2026, down from 8 in Q4 2025.
- Funds reported $481M of Bushido Capital US Equity ETF stock for Q1 2026, up 1% quarter-over-quarter.
- 2 funds opened new Bushido Capital US Equity ETF positions in Q1 2026 and 2 closed out, a net change of 0 holders.
- The largest Bushido Capital US Equity ETF buyer in Q1 2026 was Sepio Capital, an estimated $16.1M added.
- The largest Bushido Capital US Equity ETF seller in Q1 2026 was GTS Securities, an estimated $1.28M sold.
Based on aggregated 13F filings for Q1 2026.