ERShares Private-Public Crossover ETF
XOVR
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
- United States of America
- IPO Date
- Nov 8, 2017
- Website
- entrepreneurshares.com
- Similar Companies
- Business
- ERShares Private-Public Crossover ETF (XOVR) is an actively managed exchange-traded fund that provides investors with exposure to a blend of high-growth public equities and select private equity securities, utilizing the proprietary Entrepreneur 30 Total Return Index (ER30TR) for the majority of its portfolio. Launched in 2017 as the Entrepreneur ETF (ticker: ENTR) and headquartered in New York, NY by issuer ERShares LLC (founded 2010), XOVR allocates over 85% to the ER30TR Index, which tracks 30 primarily U.S. large-cap entrepreneurial companies exhibiting strong leadership and innovation across sectors such as information technology, financials, and communication services; the remaining up to 15% targets private equity opportunities in pre-IPO or prominent private firms, including indirect exposure to SpaceX via special purpose vehicles (SPVs), Klarna, and Anduril. Core holdings feature leading public names like NVIDIA Corp. (approximately 9.5%), Meta Platforms Inc., Maplebear Inc. (CART), Affirm Holdings Inc., UiPath Inc., Toast Inc., Pegasystems Inc., and Medpace Holdings Inc., complemented by private allocations that offer daily liquidity, net asset value trading, and low minimum investments for institutional, retail, and high-net-worth investors targeting developed U.S. markets. In a significant strategic relaunch on August 29, 2024, XOVR transitioned from its prior active management of up to 93 equities—characterized by high turnover and underperformance relative to the ER30TR—to its current hybrid structure, changing its ticker from ENTR to XOVR and CUSIP while maintaining a U.S. large-cap growth focus enhanced by private equity. Recent developments include announcing SpaceX as the top private holding in December 2024 with an initial position, followed by an additional $10 million investment in early 2025 to exceed $20 million (representing 12.3% of assets amid appreciation), spurring over $120 million in new inflows; the fund achieved a milestone as the first ETF to deliver pre-IPO exposure through Klarna's IPO in 2025 and added Anduril for further defense-tech private access. These moves underscore ERShares' pioneering crossover model, which democratizes private equity historically limited to institutions, with assets under management reaching approximately $851 million, a 0.75% expense ratio, and quarterly index rebalancing.