Rainwater Equity ETF
RW
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jun 18, 2025
- CIK
- 0001592900
- Website
- rainwateretf.com
- Similar Companies
- Business
- Rainwater Equity ETF (NYSE: RW) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in a concentrated portfolio of 20-30 global public companies featuring durable, recurring revenue business models, including contract-based or repeat-purchase revenue streams, built by exceptional leaders committed to long-term free cash flow growth; the fund emphasizes low turnover, tax efficiency, and holdings primarily in mid- and large-cap equities across developed and emerging markets, with top positions such as GE Aerospace, Constellation Software Inc., Loar Holdings Inc., Broadcom Inc., CompoSecure Inc., Amphenol Corporation, HEICO Corporation, and Microsoft Corporation. Rainwater Equity ETF provides financial advisors and investors with focused exposure to resilient growth equities that deliver more predictable results and fewer negative surprises compared to traditional active strategies. The ETF, with a net expense ratio of 1.25%, operates globally without geographic restrictions, targeting institutional and retail investors seeking structural advantages in wealth creation. Rainwater Equity ETF launched on June 18, 2025, marking the debut offering from Rainwater Equity LLC, a Los Angeles-based investment firm founded by portfolio manager Joseph R. Shaposhnik, formerly of The TCW Group's New America business unit; the launch was anchored by a cornerstone investment from legendary value investor Bill Miller, former Chairman and CIO of Legg Mason Asset Management, underscoring confidence in the strategy's focus on high-conviction, recurring revenue compounders. As Rainwater Equity LLC's inaugural product and the third major investment firm to spin out from TCW, the ETF represents a strategic shift by Shaposhnik to an independent platform dedicated exclusively to this disciplined, long-horizon approach, building on his prior success managing top-performing strategies like the TCW New America Premier Equities Fund/Compounders ETF (GRW). No subsequent acquisitions, partnerships, funding rounds, or major operational changes have been reported since inception, with the firm maintaining a lean structure including key personnel such as Marketing and Distribution consultant Patrick Carolan and Chief Compliance Officer Libby Liebig.