LeaderShares Equity Skew ETF
SQEW
SQEW was delisted on the 24th of October, 2025.
25 hedge funds and large institutions have $118M invested in LeaderShares Equity Skew ETF in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.
0.3% more ownership
Funds ownership: 92.37% → 92.67% (+0.3%)
6% less capital invested
Capital invested by funds: $126M → $118M (-$7.9M)
7% less funds holding
Funds holding: 27 → 25 (-2)
18% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 11
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$4.4M |
| 2 |
IWM
IHT Wealth Management
Chicago,
Illinois
|
+$688K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$618K |
| 4 |
AWM
AE Wealth Management
Topeka,
Kansas
|
+$438K |
| 5 |
RIM
Redwood Investment Management
Scottsdale,
Arizona
|
+$427K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FD
Financial Designs
Claremont,
California
|
-$18.5M |
| 2 |
AAS
Avantax Advisory Services
Dallas,
Texas
|
-$3.94M |
| 3 |
Mariner
Overland Park,
Kansas
|
-$690K |
| 4 |
CA
Claro Advisors
Boston,
Massachusetts
|
-$208K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$204K |
SQEW Hedge Fund Activity: Q4 2023 in Review
25 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in LeaderShares Equity Skew ETF (SQEW) for Q4 2023, worth a combined $118M — down 6.3% from $126M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SQEW and 3 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 9 added.
The largest buyer was LPL Financial, adding an estimated $4.4M. The largest seller was Financial Designs, exiting entirely with an estimated $18.5M sold.
- 25 institutional investors held LeaderShares Equity Skew ETF (SQEW) as of Q4 2023, down from 27 in Q3 2023.
- Funds reported $118M of LeaderShares Equity Skew ETF stock for Q4 2023, down 6.3% quarter-over-quarter.
- 3 funds opened new LeaderShares Equity Skew ETF positions in Q4 2023 and 5 closed out, a net change of -2 holders.
- The largest LeaderShares Equity Skew ETF buyer in Q4 2023 was LPL Financial, an estimated $4.4M added.
- The largest LeaderShares Equity Skew ETF seller in Q4 2023 was Financial Designs, an estimated $18.5M sold.
Based on aggregated 13F filings for Q4 2023.