Tsfg LLC boosts defense ETFs, trims LGOV SHLD
Tsfg LLC boosts defense ETFs, trims LGOV SHLD
Anonymous
Key Points
1
CoreCap Advisors LLC boosted its stake in iShares Defense Industrials Active ETF (IDEF) by 16.4% in Q2, increasing ownership to 44,261 shares worth about $1.41 million.
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Tepp RIA LLC expanded its position in iShares U.S. Aerospace & Defense ETF (ITA) by 389.7% in Q1, now holding 8,814 shares worth roughly $1.93 million.
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Stephens Inc. AR increased its stake in First Trust Long Duration Opportunities ETF (LGOV) by 29.7% in Q1, bringing its total to 870,712 shares valued at about $18.78 million.
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CX Institutional opened a new position in Global X Defense Tech ETF (SHLD) in Q2, signaling broader interest in defense-tech exposure beyond Tsfg's trades.
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PFG Private Wealth Management LLC cut its stake in SPDR Portfolio S&P 500 Growth ETF (SPYG) by 14.7% in Q2, holding 206,213 shares worth about $24.54 million.
Tsfg LLC is doubling down on defense and aerospace stocks while retreating from bond-focused funds. The firm purchased 115,038 shares of the iShares Defense Industrials Active ETF (IDEF) in Q2, worth roughly $3.66 million, and nearly tripled its aerospace position to $7.99 million tickerreport. At the same time, Tsfg slashed its defense-tech holdings by 96.7%, signaling a shift within the sector.
Defense ETF Gets Major Cash Injection
Tsfg's $3.66 million purchase of IDEF shares reflects growing appetite for defense industrials. The firm bought 115,038 shares outright in the second quarter tickerreport. Other money managers are following suit. CoreCap Advisors LLC bumped its IDEF stake by 16.4% to 44,261 shares worth $1.41 million.
Aerospace Position Nearly Triples in a Quarter
Tsfg's most aggressive move was boosting iShares U.S. Aerospace & Defense ETF (ITA) by 133.8% to 32,979 shares, valued at about $7.99 million tickerreport. The firm clearly sees opportunity in the sector. Tepp RIA LLC also jumped in, expanding its ITA stake by 389.7% in Q1 to 8,814 shares worth $1.93 million.
Sharp Exit From Defense-Tech Exposure
Tsfg pulled back dramatically from the Global X Defense Tech ETF (SHLD), cutting its position by 96.7% to just 2,832 shares worth $169,000 defenseworld. The retreat contrasts with its aggressive ETF purchases elsewhere. Yet Beacon Capital Management LLC is stepping in, boosting its SHLD stake by 565.6% in Q2, suggesting demand persists despite Tsfg's exit.
Long-Duration Bonds Lose Favor Across Funds
Tsfg reduced its First Trust Long Duration Opportunities ETF (LGOV) position by 26.2% to 195,116 shares worth $4.18 million. The move signals cooling interest in long-term bonds as rates remain volatile. Stephens Inc. AR took the opposite path, increasing LGOV by 29.7% in Q1 to 870,712 shares valued at $18.78 million, showing investors remain split on bond exposure.
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