Nicholas Defense and Rare Earth Income ETF
WEPN
3 hedge funds and large institutions have $2.42M invested in Nicholas Defense and Rare Earth Income ETF in 2026 Q2 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 1 reducing their positions, and 1 closing their positions.
100% more capital invested
Capital invested by funds: $1.21M → $2.42M (+$1.21M)
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
13.52% more ownership
Funds ownership: 18.56% → 32.09% (+14%)
0% more funds holding
Funds holding: 3 → 3 (0)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MS
Madden Securities
Dallas,
Texas
|
+$1.58M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$5.35K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$203K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$116K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MS
1
Madden Securities
Dallas,
Texas
| $1.53M | +$1.58M | +35,465 | New |
|
|
2
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $887K | -$116K | -2,593 | -11% |
|
|
3
UBS Group
Zurich,
Switzerland
| $5.17K | +$5.35K | +120 | New |
|
|
4
Jane Street
New York
| – | -$203K | -4,676 | Closed |
|
WEPN Hedge Fund Activity: Q2 2026 in Review
3 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in Nicholas Defense and Rare Earth Income ETF (WEPN) for Q2 2026, worth a combined $2.42M — up 100% from $1.21M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new WEPN positions and 1 closed out — a net gain of 1 holder — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Madden Securities, opening a new position worth an estimated $1.58M. The largest seller was Jane Street, exiting entirely with an estimated $203K sold.
- 3 institutional investors held Nicholas Defense and Rare Earth Income ETF (WEPN) as of Q2 2026, unchanged from Q1 2026.
- Funds reported $2.42M of Nicholas Defense and Rare Earth Income ETF stock for Q2 2026, up 100% quarter-over-quarter.
- 2 funds opened new Nicholas Defense and Rare Earth Income ETF positions in Q2 2026 and 1 closed out, a net change of +1 holder.
- The largest Nicholas Defense and Rare Earth Income ETF buyer in Q2 2026 was Madden Securities, an estimated $1.58M added.
- The largest Nicholas Defense and Rare Earth Income ETF seller in Q2 2026 was Jane Street, an estimated $203K sold.
Based on aggregated 13F filings for Q2 2026.