WarCap Unconstrained Equity ETF
WCAP
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.- CEO
- Joseph Richard Warren
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 116 South Franklin Street, Rocky Mount, North Carolina 27803‑0365 United States of America
- IPO Date
- Sep 11, 2025
- CIK
- 0001484018
- Website
- warcap.com
- Similar Companies
- Business
- WarCap Unconstrained Equity ETF (WCAP) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing primarily in U.S. equities across all market capitalizations without constraints tied to traditional benchmarks or indices. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of any market capitalization, utilizing a flexible, unconstrained strategy that may include securities of varying sizes, sectors, and styles; the portfolio typically comprises 25-27 holdings, with top positions including Meta Platforms, Eaton Corporation, Berkshire Hathaway, Amazon.com, and Salesforce as of recent data. Shares trade on the New York Stock Exchange under the ticker WCAP, with an expense ratio of 1.00% and a focus on broad market multi-cap exposure in the large blend equity category. Launched on September 11, 2025, as part of the Spinnaker ETF Series Trust, WCAP represents the inaugural ETF offering from Warren Capital Group, headquartered at 677 King Street, Floor 3, Charleston, South Carolina 29403. The fund issues and redeems shares in large creation units (typically 20,000 to 100,000 shares) primarily in-kind for a basket of securities, enabling continuous creation and redemption at net asset value while distributing creation/redemption details daily. As a newly launched product, WCAP has rapidly grown to approximately $48-51 million in assets under management, reflecting early investor interest in its unconstrained approach amid a dynamic U.S. equity market.