Hedgeye Capital Allocation ETF
HECA
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Stony Point Parkway United States of America 23235
- IPO Date
- Jun 29, 2025
- CIK
- 0001771146
- Website
- hedgeyeam.com
- Similar Companies
- Business
- Hedgeye Capital Allocation ETF (HECA) is an actively managed exchange-traded fund that employs a tactical asset allocation strategy to pursue total return through a combination of capital appreciation and income. The fund invests across a diversified portfolio of equity securities, fixed income instruments, cash equivalents, and alternative assets; it dynamically adjusts allocations based on proprietary macroeconomic models developed by Hedgeye Risk Management, focusing on four economic regimes (early-cycle, mid-cycle, late-cycle, and recession). HECA offers exposure to U.S. large-cap stocks, investment-grade and high-yield bonds, commodities, and opportunistic positions in sectors like technology, financials, and healthcare, with a target portfolio turnover reflecting short- to intermediate-term market cycles. Headquartered in Stamford, Connecticut, the ETF operates under Hedgeye Asset Management, LLC, a subsidiary of Hedgeye Risk Management, LLC, founded in 2008 by Keith McCullough. The fund targets sophisticated retail and institutional investors seeking risk-managed exposure to U.S. and global markets, with geographic operations primarily in North America but extending to international equities and fixed income as tactical opportunities arise. HECA emphasizes bottom-up stock selection informed by top-down macro research, utilizing quantitative signals and qualitative insights to overweight or underweight asset classes. In 2024, Hedgeye Asset Management launched HECA as its flagship ETF product, marking the firm's expansion from research services into actively managed investment vehicles amid growing demand for macro-driven strategies. The fund achieved its initial assets under management milestone shortly after inception, supported by strategic distribution partnerships with platforms like Charles Schwab and Fidelity. Recent enhancements include refined allocation algorithms incorporating real-time economic data feeds and a new options overlay for enhanced income generation in low-volatility environments.