Tema ETF Trust (RSHO): Hedge Fund Ownership & Smart Money Signals (Q1 2026)

Q: Is it too late to buy Tema ETF Trust (RSHO) following the 2026 Q1 hedge fund 13F filings?

As of today, RSHO has moved +8.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +8.6%. Since the quarter end (March 31, 2026), RSHO gained +23.9% vs +13.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Tema ETF Trust (RSHO)

35 + Investors. Track Smart Money conviction in RSHO. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — RSHO

Based on 35 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q

For 1 consecutive quarter, more hedge funds added RSHO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

35 hedge funds hold RSHO right now — the highest count in 2.8 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +59% more funds vs a year ago

fund count last 6Q

+13 new funds entered over the past year (+59% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 76% buying

25 buying8 selling

Last quarter: 25 funds were net buyers (16 opened a brand new position + 9 added to an existing one). Only 8 were sellers (4 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+14 vs last Q)

new funds entering per quarter

Funds opening a new RSHO position: 9 → 4 → 2 → 16. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 49% entered in last year

■ 6% conviction (2yr+) ■ 46% medium ■ 49% new

Only 2 funds (6%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

📈

Growing discovery — still being found

7 → 9 → 4 → 2 → 16 new funds/Q

New funds entering each quarter: 9 → 4 → 2 → 16. A growing number of institutions are discovering RSHO each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.

🌱

Early stage — 66% of holders entered in last year

■ 14% veterans ■ 20% 1-2yr ■ 66% new

Of 35 current holders: 23 (66%) entered in the past year, only 5 (14%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

🏆

Elite ownership — 50% AUM from top-100 funds

50% from top-100 AUM funds

8 of 35 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in RSHO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

4.6

out of 10

Moderate Exit Risk

Exit risk score 4.6/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2026 Q1)	Prior (2025 Q4)	Change
Funds Holding	35	23	52.17%
13F Shares	1M	2M	-36.41%
Total Value	$53M	$103M	-48.42%
New Positions	16	2	+14
Increased Positions	9	11	-2
Closed Positions	4	5	-1
Reduced Positions	4	3	+1
Total Calls	0	0	-
Total Puts	0	0	-
PUT/CALL Ratio	0.0	0.0	Bullish

Metric

All 13F Filers (2026 Q1)

Prior (2025 Q4)

Change

Funds Holding

52.17%

13F Shares

-36.41%

Total Value

$53M

$103M

-48.42%

New Positions

+14

Increased Positions

-2

Closed Positions

-1

Reduced Positions

Total Calls

Total Puts

PUT/CALL Ratio

0.0

Bullish

Institutional Holders (2026 Q1)

35 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in RSHO. Verified SEC 13F-HR filings.

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 RSHO holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Cooper Capital Advisors LLC	5.66%	162,603	$8.1M
2	Willow Financial LLC	2.27%	45,068	$2.2M
3	WealthBridge Capital Management, LLC	0.31%	27,039	$1.3M
4	Inspire Advisors, LLC	0.30%	73,183	$3.6M
5	Willner & Heller, LLC	0.17%	4,527	$225K
6	GEM Asset Management, LLC	0.15%	6,819	$339K
7	Resurgent Financial Advisors LLC	0.10%	5,757	$287K
8	Worth Asset Management, LLC	0.08%	4,170	$208K
9	Kovack Advisors, Inc.	0.07%	23,600	$1.2M
10	Advisory Services Network, LLC	0.02%	30,134	$1.5M
11	Axxcess Wealth Management, LLC	0.01%	6,476	$322K
12	Wealth Enhancement Advisory Services, LLC	0.01%	83,316	$4.2M
13	Harbour Investments, INC.	0.00%	5,093	$254K
14	HHM Wealth Advisors, LLC	0.00%	490	$24K
15	Stratos Wealth Partners, LTD.	0.00%	4,332	$216K
16	D.A. Davidson & CO.	0.00%	6,373	$317K
17	Truist Financial Corp	0.00%	25,025	$1.2M
18	UBS Group AG	0.00%	203,736	$10.1M
19	LPL Financial LLC	0.00%	81,583	$4.1M
20	Susquehanna International Group, LLP	0.00%	175,658	$8.7M
21	TD Capital Management LLC	0.00%	134	$7K
22	Mather Group, LLC.	0.00%	800	$40K
23	Commonwealth Equity Services, LLC	0.00%	5,608	$279K
24	Farther Finance Advisors, LLC	0.00%	780	$40K
25	Fifth Third Bancorp	0.00%	3,626	$181K

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — Tema ETF Trust (RSHO)

What does the Smart Money Trend signal show for RSHO?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added RSHO than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for RSHO?

More buyers than sellers — 76% buying: Last quarter: 25 funds were net buyers (16 opened a brand new position + 9 added to an existing one). Only 8 were sellers (4 trimmed + 4 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for RSHO holders?

Elite ownership — 50% AUM from top-100 funds: 8 of 35 holders are among the 100 largest funds by AUM, controlling 50% of total institutional value in RSHO. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held RSHO?

Mostly new holders — 49% entered in last year: Only 2 funds (6%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Tema ETF Trust (RSHO) following the 2026 Q1 hedge fund 13F filings?

As of today, RSHO has moved +8.8% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.2% for the SPY sector ETF — an outperformance of +8.6%. Since the quarter end (March 31, 2026), RSHO has gained +23.9% vs +13.9% for SPY. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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Tema ETF Trust (RSHO)

Smart Money Signals — RSHO

Buying streak — 1 quarter in a row

At the ownership peak (100% of max)

Fast accumulation — +59% more funds vs a year ago

More buyers than sellers — 76% buying

More new buyers each quarter (+14 vs last Q)

Mostly new holders — 49% entered in last year

Growing discovery — still being found

Early stage — 66% of holders entered in last year

Elite ownership — 50% AUM from top-100 funds

Institutional Sentiment Summary — RSHO

Hedge Fund Ownership: RSHO

Market Analysis: RSHO

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: RSHO

Is It Too Late to Buy Tema ETF Trust (RSHO) Based on Hedge Fund 13F Filings?

Hedge Fund Positioning: RSHO

Statistics: RSHO

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — Tema ETF Trust (RSHO)

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