Harbor Long-Short Equity ETF (LSEQ)
LSEQ
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
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Dec 6, 2023
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Long-Short Equity ETF (LSEQ) is an actively managed exchange-traded fund that seeks long-term growth of capital through a systematic long-short equity strategy focused primarily on U.S. large-cap and mid-cap companies within the Russell 1000 Index range. The fund establishes long and short positions in equity securities, U.S. Treasury bills, derivatives including listed and over-the-counter options, and may invest up to 15% in securities of U.S.-listed foreign issuers; it maintains net equity exposure generally ranging from 40% to 60% long, with potential extension to 150% long, utilizing leverage through reverse repurchase agreements and borrowings. Disciplined Alpha LLC, a Boston-based registered investment advisor founded in 2013, serves as subadvisor and employs a proprietary macroeconomic regime model to determine gross and net exposures, factor weights (value, neutral, momentum), and industry group selections with elevated alpha opportunities, complemented by distinct long and short stock selection models incorporating management discussions and third-party fundamental inputs. The ETF, part of Harbor ETF Trust issued by Harbor Capital Advisors, Inc. based in Chicago, Illinois, lists on NYSE Arca and targets investors seeking low correlation to broad equity markets and downside mitigation amid rising stock-bond correlations. It operates in the long-short equity category, with a net expense ratio of 1.98%, assets under management around $20 million, and approximately 150 holdings including top positions such as U.S. dollars (cash equivalents), Warner Bros. Discovery, SPDR Gold Shares, and iShares Silver Trust, alongside short allocations in underperformers like consumer staples and energy names. Distributions have been nominal, with total payouts of $0.00000 per share in December 2023 and 2024. Launched on December 4, 2023, via reorganization of the Disciplined Alpha Onshore Fund LP—which commenced operations January 1, 2015, and managed assets through an equivalent master fund—LSEQ represents one of the first hedge fund-to-ETF conversions in the industry, inheriting the predecessor's performance history (net of prior fees including a performance fee) while adopting registered fund restrictions. Harbor Capital Advisors, with over 35 years curating boutique active managers and an established ETF lineup including SIFI and SIHY since 2021, facilitated the conversion through partnership with Disciplined Alpha and distributor Foreside Fund Services, LLC, enhancing liquidity and transparency for U.S. investors. No major acquisitions, funding rounds, new product launches, or strategic shifts have been reported since inception as of late 2025.