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Hedgeye Capital Allocation (HECA) ETF Holdings & Analysis
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What HECA does
The Hedgeye Capital Allocation ETF (HECA) employs a dynamic, multi-asset investment strategy. Its primary objective is to maximize capital appreciation over rolling 12-month periods while strictly limiting potential drawdowns to a maximum of 15%. The fund diversifies its holdings across various asset classes, including equities, fixed income instruments, commodities, and currencies. At the heart of HECA's approach is its proprietary "Quad" model. This regime-based, quantitative framework systematically analyzes the directional shifts in key macroeconomic indicators: economic growth, inflation, and monetary policy trends. Portfolio construction and asset allocation are directly informed by these macro signals, strategically aligning investments with prevailing market environments. To further refine its strategy, the fund supplements this framework with both internal analysis and external research to pinpoint nascent themes and emergent investment opportunities. While primarily gaining exposure through US-listed Exchange Traded Funds (ETFs), HECA also retains the flexibility to invest in individual equity and debt securities. An options overlay is an integral component of the strategy, utilized for hedging against downside risk, fine-tuning exposure levels, or enhancing potential returns. Importantly, the portfolio maintains full flexibility, without predetermined geographical allocation limits.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| First American Government Obligations Fund 12/01/2031 | 10.26% | |
| VictoryShares Free Cash Flow ETF | 8.51% | |
| VanEck Oil Refiners ETF | 5.38% | |
| iShares North American Natural Resources ETF | 5.14% | |
| Vanguard International High Dividend Yield ETF | 4.94% | |
| iShares MSCI USA Min Vol Factor ETF | 4.81% | |
| Pacer US Small Cap Cash Cows ETF | 4.73% | |
| State Street SPDR S&P Global Natural Resources ETF | 4.35% | |
| iShares Russell Top 200 Value ETF | 4.26% | |
| iShares MSCI Europe Financials ETF | 4.02% |
Geographic allocation
| United States | 91.13% |
| Other | 8.87% |
PortView Portfolio Insights
PortView analyzes how HECA fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does HECA track?
- HECA is the Hedgeye Capital Allocation ETF, a Other ETF.
- What is the expense ratio of HECA?
- Expense ratio data for HECA is shown on the page when available from our data provider.
- What are the largest holdings in HECA?
- Top holdings include First American Government Obligations Fund 12/01/2031, VFLO, CRAK, IGE, VYMI.
- How can PortView analyze HECA overlap with other ETFs?
- PortView computes the holdings overlap between HECA and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.