SPAQ — Horizon Kinetics SPAC Active ETF
Data updated: 2026-08-26
SPAQ — Horizon Kinetics SPAC Active ETF. United States Blend / Core Equity · $10.09M AUM · 0.85% expense ratio. Holdings, fees, performance and SEC filings.
SPAQ Fund Overview
SPAQ — Horizon Kinetics SPAC Active ETF is a US ETF managed by Listed Funds Trust, categorised as United States Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Listed Funds Trust
- Category: United States Blend / Core Equity
- Assets under management: $10.09M
- 1-year return: 4.3%
- Ticker: SPAQ
- SEC CIK: 0001683471
- SEC series ID: S000078973
- Share class ID: C000239792
SPAQ Holdings
Top 10 holdings of Horizon Kinetics SPAC Active ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Oaktree Acquisition Corp III L | 5.31% |
| NewHold Investment Corp IV | 4.56% |
| Wen Acquisition Corp | 4.19% |
| Evolution Global Acquisition C | 4.15% |
| Cantor Equity Partners V Inc | 4.09% |
| Willow Lane Acquisition Corp I | 4.05% |
| OTG Acquisition Corp I | 4.03% |
| Space Asset Acquisition Corp | 4.03% |
| Metals Acquisition Corp II | 4.03% |
| RRE Ventures Acquisition Corp | 4.01% |
SPAQ Portfolio Allocation
Asset-class allocation of Horizon Kinetics SPAC Active ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Derivatives | 1.7% |
| Cash & Equivalents | 0.2% |
SPAQ Performance
Total returns for SPAQ (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.4% |
| 1 year | 4.3% |
| 3 years (annualised) | 6.0% |
SPAQ Risk Information
Risk metrics for SPAQ, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.8%
SPAQ Costs and Fees
SPAQ costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
- Portfolio turnover: 81%
- Brokerage commissions: 10.50 bps of average net assets (SEC N-CEN)
SPAQ Cashflows
Over the 12 months to 2026-06, Horizon Kinetics SPAC Active ETF had net outflows of $5.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $0 |
| 2026-05 | $0 |
| 2026-04 | $0 |
| 2026-03 | $0 |
| 2026-02 | $0 |
| 2026-01 | $0 |
SPAQ Debt Constituents
No individual debt constituents are reported in Horizon Kinetics SPAC Active ETF's latest SEC N-PORT filing.
SPAQ Prospectus and SEC Filings
Official Horizon Kinetics SPAC Active ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-27
- Prospectus (485BPOS) — filed 2025-04-24
- Prospectus supplement (497) — filed 2025-04-30
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-25
- Annual census (N-CEN) — filed 2026-03-13
- Annual census (N-CEN) — filed 2025-03-17
Related Funds
Other United States Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.