Deepwater Beachfront Small Cap ETF
DBSC
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Joe Robillard
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 21 North Third Street Minneapolis MN United States of America 55401
- IPO Date
- Dec 16, 2025
- Website
- spaceacquisitioncorp.com
- Similar Companies
- Business
- Deepwater Beachfront Small Cap ETF (DBSC) is an actively managed exchange-traded fund that seeks long-term growth of capital by investing primarily in equity securities of small-cap companies listed on U.S. exchanges. The Fund, part of Manager Directed Portfolios, a registered management investment company under the Investment Company Act of 1940, allocates at least 80% of its net assets plus borrowings for investment purposes to small-cap equities defined by market capitalizations within the range of the Russell 2000 Index, typically around $4.9 billion as of late 2025; it maintains a portfolio of 50-100 stocks selected through a bottom-up fundamental analysis enhanced by proprietary quantitative screening on factors including revenue growth, margins, valuation, momentum, and earnings revisions, targeting high-quality "beachfront" companies with sustainable competitive advantages across sectors. Shares trade on the Nasdaq under the ticker DBSC with a CUSIP of 56170L562, issuing and redeeming in creation units of 25,000 shares exclusively through authorized participants, with dividends from net investment income and realized gains declared annually. Deepwater Asset Management, LLC serves as the investment adviser, employing a multi-faceted stock-picking process that emphasizes growth prospects, attractive end-markets, and quality management teams to achieve superior risk-adjusted returns. The Fund operates without fixed sector allocations, balancing diversification and high-conviction positions primarily for institutional and retail investors seeking small-cap exposure. Headquartered in Minneapolis, Minnesota, where Deepwater Asset Management was founded in 2017, the Fund targets U.S. equity markets with no specified international operations. In a major recent development, Nasdaq commenced listing and trading of DBSC shares effective December 16, 2025, marking the Fund's public market debut following SEC registration via a Form N-1A post-effective amendment filed in early December 2025. This launch expands Deepwater Asset Management's offerings beyond its prior focus on public and private growth equity strategies in transformative technologies. No additional partnerships, acquisitions, funding rounds, or product launches have been reported as of December 2025.