Spear Alpha ETF
SPRX
NASDAQ Global Market- -
USD
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- -
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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 6 East 43rd Street, 22nd Floor New York NY United States of America 10017
- IPO Date
- Aug 4, 2021
- CIK
- 0001683471
- Website
- spear-funds.com
- Similar Companies
- Business
- Spear Alpha ETF (SPRX) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in global equity securities of companies positioned to benefit from breakthrough innovations and secular themes in the industrial technology sector, including enterprise digitalization, automation and robotics, artificial intelligence, energy transition, photonics and additive manufacturing, and space exploration; the fund employs proprietary fundamental research to select 25-49 holdings from a universe of approximately 120 companies across 12 sub-sectors, focusing on underappreciated opportunities throughout value chains such as supply chain enablers, networking, power generation, data center hardware, and AI applications, while considering factors like end-market dynamics, financial performance, liquidity, management quality, and ESG criteria. Launched on August 2, 2021, and listed on NASDAQ, SPRX is issued by Listed Funds Trust and managed by Spear Advisors LLC, a female-led fundamental asset manager founded by Ivana Delevska, with headquarters in East Hampton, New York. The fund targets institutional and retail investors seeking thematic exposure to developed markets, primarily North America, with a net expense ratio of 0.75% and assets under management of approximately $143 million as of late 2025. In recent years, Spear Advisors has expanded its portfolio strategy amid market shifts, notably broadening holdings in 2024 from core AI hardware to tangential value chain areas like networking (e.g., Arista Networks), cybersecurity (e.g., CrowdStrike, Zscaler), cloud data platforms (e.g., Snowflake), and power generation, while adding positions in AI applications and opportunities created by election-related uncertainty resolution and rising business confidence entering 2025. The firm continues to emphasize primary research for offense-oriented positioning, capitalizing on earnings-driven upside in industrial tech amid persistent inflation and growth tailwinds like reshoring and government-supported manufacturing revival. No major acquisitions, funding rounds, partnerships, or structural changes have been reported for Spear Advisors or SPRX in the last 1-2 years, with focus remaining on active management and thematic evolution.