ARM Arm Holdings plc - American Depositary Shares

NASDAQ · Semiconductors
$250.76
Price · Aug 21, 2026
52W Range
$100–$453
43% of range
Analyst Rating
BUY
45 analysts
Price Target
$286
+14% upside
P/E (TTM)
—
ROE
—
Net Profit Margin
—

ARM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$250.75
Market Cap
—
P/E (TTM)
—
EPS (TTM)
—
Revenue (TTM)
—
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$100 – $453

ARM Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

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Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

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Peer Median

Profitability Gross, operating and net margins; ROE, ROA, ROIC

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Financial Health Debt, liquidity, solvency — balance sheet strength

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Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

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Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

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Capital Efficiency Asset turnover, inventory turnover, receivables turnover

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ARM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 45 analysts
  • Strong Buy 5 11.1%
  • Buy 23 51.1%
  • Hold 15 33.3%
  • Sell 1 2.2%
  • Strong Sell 1 2.2%

12-Month Price Target

38 analysts · 2026-08-22
Median target $268.60 +7.1%
Mean target $286.08 +14.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.45 $0.41 0.04%
March 31, 2026 $0.60 $0.59 0.01%
Dec. 31, 2025 $0.43 $0.41 0.02%
Sept. 30, 2025 $0.39 $0.34 0.05%
June 30, 2025 $0.35 $0.36 -0.01%
March 31, 2025 $0.55 $0.53 0.02%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ARM — — — — — —
SMTK $7M -0.8 750.0% -1507.8% 517.6% 61.0%

ARM AI Analyst Panel — Bullish and Bearish Views 2026Q2 debate: Claude, Grok, Gemini, ChatGPT on the stock's prospects

Round 1 — Opening Takes

Grok NEUTRAL 0.75
↑ Bullish

Arm's IP licensing model delivers explosive profitability as AI chip demand surges, amplified by their new AGI CPU silicon push. Gross margin stays at 97%, proving their royalty business converts nearly all revenue to gross profit without manufacturing overhead. Net margin climbed to 18.81%, signaling strong operating leverage from higher royalties. EPS TTM rose to $0.78, confirming earnings momentum that could drive re-rating if AI adoption accelerates.

↓ Bearish

Arm trades at premiums that demand flawless execution, but recent stumbles expose vulnerability to competition and macro slowdowns. P/E TTM sits at 139x, far above sustainable levels for a chip designer facing rivals in custom silicon. Market cap dropped 19% to $116B last quarter, mirroring price weakness from $166 to $146. Analyst downgrades as of April 7 underscore fading momentum.

Claude NEUTRAL 0.62
↑ Bullish

Arm is transitioning from a pure licensing play into silicon, which could unlock a new revenue stream and higher margins. The AGI CPU launch in March moved the stock 18% and suggests Wall Street sees real optionality here. Gross margin sits at 97.39%, which is nearly perfect for a fabless model, and net margin expanded to 18.81% from 16.96% a year ago. If Arm can scale AGI silicon adoption even modestly, the licensing base stays intact while a new product line compounds growth.

↓ Bearish

The valuation has already priced in the AGI story — P/E of 139.73 is not cheap even for a semiconductor designer, and it's down from 203 only because the stock fell 20% in six weeks. Market cap contracted from $143B to $116B, which tells me conviction is fragile. EPS of $0.78 is modest relative to the multiple, and until AGI silicon shows real traction in customer roadmaps, this is a bet on hope, not cash flow.

Gemini NEUTRAL 0.75
↑ Bullish

Arm’s fundamental shift toward high-performance AGI silicon transforms it from a pure intellectual property play into a direct hardware participant. The company maintains a 97.39% gross margin, which is essentially unheard of for any firm touching the physical semiconductor supply chain. This level of efficiency means almost every dollar of revenue flows directly to the bottom line without the typical drag of manufacturing overhead. With a debt-to-equity ratio of 0.26, the company has an incredibly clean balance sheet to fund this pivot. This low leverage gives management the flexibility to aggressively pursue R&D without worrying about interest payments.

↓ Bearish

The valuation remains untethered from reality, as the market is pricing in perfection that the current earnings simply cannot support. Investors are paying 139.73 times trailing earnings for these shares. This multiple suggests that the market expects explosive, multi-year profit growth that far outstrips the company's current trajectory. Even with a 12.0% return on equity, the company is barely scratching the surface of what a tech firm at this valuation should be delivering. A 12.0% ROE means that for every dollar shareholders have invested, the company is only generating twelve cents of profit, which is insufficient to justify such a premium.

Chatgpt NEUTRAL 0.63
↑ Bullish

I think Arm's strongest bullish case rests on licensing-driven profit resilience and AI-driven growth that can scale without heavy hardware costs. Gross margin TTM: 97.39%. That high gross margin signals Arm can monetize licensing at scale with minimal incremental cost. EPS TTM: 0.7785. Rising EPS indicates earnings momentum that can support multiple expansion if AI momentum stays intact. Current ratio: 5.5938. High liquidity gives Arm room to invest in R&D and fund strategic bets without near-term liquidity risk.

↓ Bearish

I think Arm trades at a sky-high multiple that assumes sustained AI-driven licensing growth; any slowdown or disappointment could trigger a rapid multiple re-rating. P/E TTM: 139.7324. This high multiple means earnings misses or growth deceleration will lead to sharp valuation compression. Market cap TTM: 115,977 — DOWN vs prior quarter. This drop signals skepticism about near-term growth and raises the bar for any new catalysts. P/S TTM: 26.2869. The top-line multiple is expensive; a downturn in licensing revenue would pressurize valuation quickly.

Round 2 — Responses & Rebuttals

Grok

Gemini, your bearish take on the 12% ROE overlooks its improvement amid low leverage, which underscores real operational strength rather than weakness. Debt/equity at 0.26 means this return isn't propped up by borrowing — it's mostly from core IP licensing efficiency. With ROE up from 10.6% last quarter, Arm is compounding profits without balance sheet risk, giving it runway for AGI silicon bets even if growth moderates.

Claude

I think Gemini is overstating what that 12% ROE tells us here. A 12% return on equity is actually decent for a capital-light IP business — Arm doesn't need massive asset bases to generate profit like a manufacturer would. The real issue Gemini misses is that ROE inflates when you have minimal equity relative to debt, and at 0.26 debt-to-equity, Arm's balance sheet is so clean that the 12% ROE is genuine, not leverage-engineered. The valuation problem isn't the ROE — it's that P/E of 139.73 assumes AGI silicon revenue materializes at scale within two to three years. That's the bet. The ROE is actually a sign the core licensing engine is working.

Gemini

Claude, your assessment of Arm's transition into silicon misses the massive execution risk inherent in that pivot. While you see optionality, I see a company abandoning its high-margin, low-friction licensing moat to compete in the capital-intensive hardware arena. Arm’s current 16.45 price-to-book ratio is already extremely high, meaning the market is paying a massive premium for the company's intangible assets. If they start burning cash to build physical chips, that valuation will face a brutal reality check once investors realize the company is no longer just a lean, pure-play software architect.

Chatgpt

Claude, I think your AGI-pivot case is bold, but valuation risk is not trivial. The stock's P/E TTM sits around 139.7. That means investors are pricing in many years of AGI-driven profits before they appear in actual earnings, leaving little cushion if adoption stalls. Meanwhile, the market cap has fallen to about $116B from around $143B, underscoring skepticism about near-term catalysts.

Round 3 — Final Rebuttals

G
Grok

Gemini, I push back on your P/B warning as a brutal reality check for silicon — Arm's 16.5 price-to-book simply values its irreplaceable IP portfolio far above depreciable assets on the balance sheet. For a licensing leader, that's not frothy; it reflects the moat enabling 97% gross margins without factories. The pivot to AGI CPUs builds on that strength, not abandons it, as long as they avoid heavy capex burns.

C
Claude

I want to push back on something Gemini said that no one challenged — that Arm is 'abandoning its high-margin, low-friction licensing moat' by moving into silicon. That's not quite right. Arm's licensing revenue doesn't disappear when they ship AGI CPUs; it compounds alongside it. The real risk Gemini is naming is execution, not cannibalization. But here's what I haven't heard us discuss: customer concentration. If Nvidia, TSMC, or Qualcomm account for 40–50% of Arm's licensing royalties, then AGI silicon becomes existential — Arm is essentially asking its biggest customers to adopt a competing product line. That's the execution risk with teeth. Has anyone seen recent disclosures on top-customer exposure?

G
Gemini

I am widening the frame to address the massive customer concentration risk that everyone here is ignoring. Arm relies heavily on a small group of hyperscalers and smartphone giants for the vast majority of its royalty revenue. This creates a dangerous dependency where a single shift in a partner's internal chip design strategy—like Apple or Nvidia moving toward proprietary architectures—could crater Arm's top line. We are talking about a P/S ratio of 26.29, which means investors are paying over twenty-six dollars for every dollar of sales. That valuation is simply too fragile to survive a pivot by just one major customer.

C
Chatgpt

I think we should widen the frame beyond margins and AGI hype to regulatory and competitive dynamics. Claude, your AGI pivot is bold, but the stock still trades at a P/E around 140x, which says investors are pricing multiple years of AGI-driven profit. That premium makes the name fragile if adoption stalls. On the frame, regulatory risk is rising: export controls and tech-policy curbs could constrain Arm’s revenue exposure and customer roadmaps in China. At the same time, the open RISC-V ecosystem and rival silicon efforts could erode Arm’s licensing moat if they prove credible.

Price Forecasts

Model 3M Target 6M Target Reasoning
G Grok 3M Target $135.00 6M Target $150.00 Reasoning I think Arm consolidates near-term before a modest re-rating if AGI silicon shows early traction, but sky-high valuation leaves no room for error. The key catalyst is the 2026Q2 earnings report expected early August, where guidance on AGI CPU customer adoption could spark a 10-15% bounce by confirming revenue potential beyond licensing. The big risk is next quarter's 10-Q revealing customer concentration above 40% from Nvidia or Apple, triggering a selloff on dependency fears. My 6-month target implies a P/E contraction to about 120x on current EPS, meaning the market discounts some hype but still bets on AI royalties compounding.
C Claude 3M Target $128.00 6M Target $142.00 Reasoning Arm's licensing moat remains intact even as it pivots to AGI silicon — the real question is whether customer concentration risk materializes as a veto. My thesis: the stock re-rates higher if Q2 2026 earnings confirm AGI CPU design wins with at least one Tier-1 customer, but stays range-bound if licensing growth merely flatlines. The catalyst is Arm's next earnings call in late July — any guidance that quantifies AGI revenue or customer commitments breaks the valuation logjam. The risk is a major customer announcement of proprietary silicon, which would crater licensing royalties. At P/E 139.7, the market is pricing perfection; even modest AGI traction justifies 142 by Q3. Current price 113.34 implies 25% upside on execution.
G Gemini 3M Target $105.00 6M Target $95.00 Reasoning My thesis is that Arm is currently overvalued and will face a reality check as the market realizes the transition into hardware is capital-intensive and dilutive to their pure-play margins. I expect the next quarterly earnings report to act as a catalyst, as investors react to increased R&D spending weighing on net profits. A major risk is a shift in customer strategy, where a key partner like Nvidia accelerates their own proprietary chip development, directly cannibalizing Arm's licensing revenue. With a price-to-sales ratio of 26.29, investors are paying over twenty-six dollars for every dollar of sales, a valuation that assumes perfect execution in a highly competitive market.
C Chatgpt 3M Target $120.00 6M Target $135.00 Reasoning I think Arm's path hinges on a true AGI silicon ramp that meaningfully monetizes licensing while preserving its IP moat. Catalyst: a stronger-than-expected 2026Q2 earnings print showing solid AGI CPU adoption and licensing growth. Risk: execution delay in AGI uptake or a meaningful customer-concentration shock that dents royalties. Current price around 113.34 anchors expectations and limits upside if the AI uplift falters. The stock trades at a P/E around 139.7, a sky-high multiple that reflects multi-year profit expectations baked in. That high multiple means any hiccup in AI monetization could trigger sharp valuation compression.

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Institutional owners (13F) 1,109 filers · $31.9B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
330 (+117 vs prior Q) 76 (-3 vs prior Q) 292 (+60 vs prior Q) 289 (+45 vs prior Q) +2.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
JANE STREET GROUP, LLC $2,510,213,772 7,079,600 7.86% Put option
Capital World Investors $1,535,420,948 4,330,875 4.81% Shares
JANE STREET GROUP, LLC $1,487,385,693 4,194,900 4.66% Call option
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $1,451,856,361 4,094,696 4.55% Shares
FMR LLC $1,284,252,895 3,622,001 4.02% Shares
BARCLAYS PLC $940,319,640 2,652,000 2.95% Put option
VAN ECK ASSOCIATES CORP $922,093,678 2,600,597 2.89% Shares
GOLDMAN SACHS GROUP INC $853,857,129 2,408,148 2.68% Shares
Capital Research Global Investors $851,368,783 2,401,422 2.67% Shares
Capital International Investors $726,783,936 2,050,241 2.28% Shares
Alphabet Inc. $695,235,183 1,960,784 2.18% Shares
Altimeter Capital Management, LP $582,194,012 1,641,972 1.82% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $576,928,293 1,627,121 1.81% Shares
Invesco Ltd. $504,323,703 1,422,353 1.58% Shares
Walleye Trading LLC $491,292,192 1,385,600 1.54% Put option
GOLDMAN SACHS GROUP INC $479,875,038 1,353,400 1.50% Put option
PEAK6 LLC $469,698,879 1,324,700 1.47% Put option
Walleye Trading LLC $393,820,899 1,110,700 1.23% Call option
Evergreen Quality Fund GP, Ltd. $347,992,372 981,449 1.09% Shares
Mubadala Investment Co PJSC $319,807,957 901,960 1.00% Shares
Employees Provident Fund Board $319,113,000 900,000 1.00% Shares
Robeco Schweiz AG $293,359,163 827,366 0.92% Shares
PEAK6 LLC $282,592,290 797,000 0.89% Call option
WELLINGTON MANAGEMENT GROUP LLP $281,431,428 793,726 0.88% Shares
LOOMIS SAYLES & CO L P $271,596,365 765,988 0.85% Shares
ALKEON CAPITAL MANAGEMENT LLC $266,104,790 750,500 0.83% Call option
Hyperion Asset Management Ltd $241,826,678 1,598,537 0.76% Shares
TWO SIGMA INVESTMENTS, LP $234,071,513 660,156 0.73% Shares
BARCLAYS PLC $233,787,501 659,355 0.73% Shares
SANDS CAPITAL MANAGEMENT, LLC $227,927,879 642,829 0.71% Shares
Mirae Asset Global Investments Co., Ltd. $221,497,752 624,694 0.69% Shares
GOLDMAN SACHS GROUP INC $220,081,599 620,700 0.69% Call option
BANK OF AMERICA CORP /DE/ $215,212,999 606,969 0.67% Shares
WOLVERINE TRADING, LLC $203,730,540 1,457,300 0.64% Call option
Altshuler Shaham Ltd $203,168,610 573,000 0.64% Shares
MILLENNIUM MANAGEMENT LLC $195,616,269 551,700 0.61% Put option
BNP PARIBAS FINANCIAL MARKETS $194,800,403 549,399 0.61% Shares
D. E. Shaw & Co., Inc. $180,334,302 508,600 0.57% Put option
Rathbones Group PLC $177,944,854 501,861 0.56% Shares
Rafferty Asset Management, LLC $175,666,388 495,435 0.55% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $168,704,406 475,800 0.53% Call option
GILDER GAGNON HOWE & CO LLC $163,620,221 461,461 0.51% Shares
ProShare Advisors LLC $146,286,717 412,575 0.46% Shares
CONGRESS ASSET MANAGEMENT CO $145,036,504 409,049 0.45% Shares
Clear Street Group Inc. $142,350,991 401,475 0.45% Shares
MENORA MIVTACHIM HOLDINGS LTD. $141,828,000 400,000 0.44% Shares
Point72 Asset Management, L.P. $139,523,295 393,500 0.44% Call option
Balyasny Asset Management L.P. $136,934,934 386,200 0.43% Put option
VOYA INVESTMENT MANAGEMENT LLC $134,975,935 380,675 0.42% Shares
D. E. Shaw & Co., Inc. $133,282,863 375,900 0.42% Call option
LANSDOWNE PARTNERS (UK) LLP $131,195,511 370,013 0.41% Shares
LMR Partners LLP $131,190,900 370,000 0.41% Put option
Squarepoint Ops LLC $127,751,571 360,300 0.40% Call option
STATE STREET CORP $127,446,641 359,440 0.40% Shares
FIRST TRUST ADVISORS LP $123,967,124 349,627 0.39% Shares
AMERICAN CENTURY COMPANIES INC $123,743,385 348,989 0.39% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $122,858,505 346,500 0.38% Put option
Sustainable Growth Advisers, LP $120,838,874 340,804 0.38% Shares
Pacific Heights Asset Management LLC $115,235,250 325,000 0.36% Shares
LPL Financial LLC $109,961,830 310,127 0.34% Shares
Point72 Asset Management, L.P. $107,576,538 303,400 0.34% Put option
Swedbank AB $106,654,656 300,800 0.33% Shares
NEUBERGER BERMAN GROUP LLC $106,453,260 300,232 0.33% Shares
UBS Group AG $104,280,455 294,104 0.33% Shares
Defiance ETFs, LLC $103,944,134 308,010 0.33% Shares
TUDOR INVESTMENT CORP ET AL $99,882,369 281,700 0.31% Call option
Artisan Partners Limited Partnership $99,218,969 279,829 0.31% Shares
MARK ASSET MANAGEMENT LP $97,616,667 275,310 0.31% Shares
SIG BROKERAGE, LP $96,726,696 272,800 0.30% Call option
CREDIT AGRICOLE S A $95,733,900 270,000 0.30% Put option
BNP PARIBAS ASSET MANAGEMENT Holding S.A. $92,250,250 260,175 0.29% Shares
UBS Group AG $91,801,719 258,910 0.29% Call option
1832 Asset Management L.P. $88,429,758 249,400 0.28% Shares
WOLVERINE TRADING, LLC $86,200,680 616,600 0.27% Put option
TRAN CAPITAL MANAGEMENT, L.P. $85,642,838 241,540 0.27% Shares
Parallax Volatility Advisers, L.P. $85,309,542 240,600 0.27% Put option
PRIMECAP MANAGEMENT CO/CA/ $82,855,917 233,680 0.26% Shares
Centiva Capital, LP $81,905,670 231,000 0.26% Put option
NZS Capital, LLC $81,330,557 229,378 0.25% Shares
TWO SIGMA ADVISERS, LP $77,839,651 712,100 0.24% Shares
ROYAL LONDON ASSET MANAGEMENT LTD $76,157,027 214,787 0.24% Shares
JONES FINANCIAL COMPANIES LLLP $75,104,862 224,683 0.24% Shares
DOCK STREET ASSET MANAGEMENT INC $74,674,215 210,605 0.23% Shares
TUDOR INVESTMENT CORP ET AL $72,970,506 205,800 0.23% Put option
Bank of New York Mellon Corp $72,732,944 205,130 0.23% Shares
WHITTIER TRUST CO $70,083,333 217,488 0.22% Shares
Munro Partners $68,691,910 193,733 0.22% Shares
Focus Partners Wealth $68,465,284 193,094 0.21% Shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC $66,713,409 188,153 0.21% Shares
RAYMOND JAMES FINANCIAL INC $64,678,887 182,415 0.20% Shares
ROYAL BANK OF CANADA $63,645,000 179,500 0.20% Put option
VICTORY CAPITAL MANAGEMENT INC $62,836,895 177,220 0.20% Shares
MILLENNIUM MANAGEMENT LLC $61,411,524 173,200 0.19% Call option
UBS Group AG $57,830,367 163,100 0.18% Put option
Cubist Systematic Strategies, LLC $56,850,682 401,800 0.18% Put option
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC $55,432,410 156,337 0.17% Shares
Tensor Edge Capital, LLC $54,653,774 154,141 0.17% Shares
AustralianSuper Pty Ltd $53,888,612 151,983 0.17% Shares
Oriental Harbor Investment Master Fund $53,388,668 150,573 0.17% Shares
Silvant Capital Management LLC $52,575,640 148,280 0.16% Shares

Company insiders 4 insiders · 2 officers · 1 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Laura Kathleen Bartels Chief Accounting Officer Aug. 17, 2026 M 12,960 0 1 $-4,439,866
William Abbey Chief Commercial Officer June 1, 2026 S 20,563 0 3 $-3,161,970
Karen E Dykstra Director May 15, 2026 A — 0 0 $0
Jeffrey Sine — Aug. 7, 2026 G 0 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 52 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
ARMH · Precidian ETFs Trust 97.49% 20,737 NS June 30, 2026 N-PORT
FPXE · First Trust Exchange-Traded Fund II 9.21% 1,355 NS June 30, 2026 N-PORT
NBDS · Neuberger Berman ETF Trust 8.69% 8,884 NS May 31, 2026 N-PORT
QQQA · ProShares Trust 8.47% 10,887 NS May 31, 2026 N-PORT
SOXY · Tidal Trust II 5.30% 12,541 NS April 30, 2026 N-PORT
FPXI · First Trust Exchange-Traded Fund II 4.96% 47,924 NS June 30, 2026 N-PORT
TRFK · Pacer Funds Trust 4.87% 142,183 NS April 30, 2026 N-PORT
CHPY · Tidal Trust II 4.74% 140,389 NS April 30, 2026 N-PORT
VERS · ProShares Trust 4.62% 952 NS May 31, 2026 N-PORT
CHAT · Tidal Trust II 3.15% 213,647 NS April 30, 2026 N-PORT
WBIL · Absolute Shares Trust 3.07% 2,639 NS June 30, 2026 N-PORT
HFGO · Hartford Funds Exchange-Traded Trust 2.31% 19,915 NS April 30, 2026 N-PORT
AIS · Tidal Trust III 2.13% 41,942 NS May 31, 2026 N-PORT
QTEC · First Trust Exchange-Traded Fund 2.10% 295,973 NS June 30, 2026 N-PORT
FDG · AMERICAN CENTURY ETF TRUST 2.00% 23,408 NS May 31, 2026 N-PORT
TGLB · T. Rowe Price Exchange-Traded Funds… 1.93% 2,022 NS April 30, 2026 N-PORT
QNXT · iShares Trust 1.92% 2,218 SH Aug. 21, 2026 Daily
CAML · Professionally Managed Portfolios 1.63% 29,080 NS April 30, 2026 N-PORT
CGXU · Capital Group International Focus E… 1.57% 275,997 NS May 31, 2026 N-PORT
WBIF · Absolute Shares Trust 1.50% 992 NS June 30, 2026 N-PORT
SOXQ · Invesco Exchange-Traded Fund Trust … 1.48% 175,707 SH Aug. 21, 2026 Daily
WBIG · Absolute Shares Trust 1.45% 1,126 NS June 30, 2026 N-PORT
QQQE · Direxion Shares ETF Trust 1.43% 82,720 NS April 30, 2026 N-PORT
FWD · AB Active ETFs, Inc. 1.13% 92,116 NS May 31, 2026 N-PORT
JHAI · Janus Detroit Street Trust 1.05% 1,028 NS April 30, 2026 N-PORT
AIPO · Tidal Trust II 1.02% 21,678 NS May 31, 2026 N-PORT
TEC · Harbor ETF Trust 0.81% 259 NS April 30, 2026 N-PORT
SOXX · iShares Trust 0.69% 1,147,073 SH Aug. 21, 2026 Daily
CHPS · DBX ETF Trust 0.66% 1,662 NS May 29, 2026 N-PORT
TRFM · ETF Series Solutions 0.63% 4,658 NS April 30, 2026 N-PORT
IGPT · Invesco Exchange-Traded Fund Trust 0.56% 27,083 SH Aug. 21, 2026 Daily
QQQ · Invesco QQQ Trust, Series 1 0.47% 9,128,158 SH Aug. 21, 2026 Daily
QQQM · Invesco Exchange-Traded Fund Trust … 0.47% 1,948,413 SH Aug. 21, 2026 Daily
ESIM · Strategy Shares 0.42% 332 NS April 30, 2026 N-PORT
KNCT · Invesco Exchange-Traded Fund Trust 0.37% 2,360 SH Aug. 21, 2026 Daily
SOXL · Direxion Shares ETF Trust 0.32% 257,003 NS April 30, 2026 N-PORT
USNZ · DBX ETF Trust 0.27% 2,331 NS May 29, 2026 N-PORT
IQQQ · ProShares Trust 0.18% 2,241 NS May 31, 2026 N-PORT
PTNQ · Pacer Funds Trust 0.14% 8,488 NS April 30, 2026 N-PORT
TIER · T. Rowe Price Exchange-Traded Funds… 0.14% 182 NS April 30, 2026 N-PORT
QLD · ProShares Trust 0.14% 55,369 NS May 31, 2026 N-PORT
QSIX · Pacer Funds Trust 0.13% 111 NS April 30, 2026 N-PORT
PTIN · Pacer Funds Trust 0.13% 1,112 NS April 30, 2026 N-PORT
SPWO · SP Funds Trust 0.12% 897 NS April 30, 2026 N-PORT
APIE · Trust for Professional Managers 0.11% 3,380 NS May 31, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.11% 33,029 NS May 31, 2026 N-PORT
TQQQ · ProShares Trust 0.07% 73,237 NS May 31, 2026 N-PORT
GSUS · Goldman Sachs ETF Trust 0.05% 4,893 NS May 31, 2026 N-PORT
PDN · Invesco Exchange-Traded Fund Trust … 0.05% 762 SH Aug. 21, 2026 Daily
FNDC · SCHWAB STRATEGIC TRUST 0.02% 1,832 NS May 31, 2026 N-PORT