Key Takeaways
- • PRVT trades at $23.03 with minimal dividend yield (0%), down 0.35% on the snapshot date, representing a 10-year total return of -6.62% and currently trading 23.88% above its 52-week low but 11.10% below its 52-week high.
- • Portfolio concentrates exposure across five leading alternative asset managers: Brookfield Corp (5.92%), Apollo Global Management (5.83%), EQT AB (5.73%), Ares Management Corp (5.39%), and StepStone Group (5.37%), providing diversified access to private equity, private credit, infrastructure, real estate, and venture capital managers.
- • PRVT holds $2.32 million in net assets across 29 total stock holdings with a 15% turnover rate, indicating a relatively stable, buy-and-hold portfolio construction as of the May 31, 2026 portfolio date.
- • The fund offers institutional-quality ETF exposure to the alternative asset management sector, designed to capture growth from the expansion of private capital deployment across multiple asset classes and manager platforms.
- • Recent portfolio activity shows 1 new position added in the latest filing, with no material buying or selling pressure evident, suggesting consistent portfolio positioning in a maturing alternative asset management marketplace.
Summary
Tema Alternative Asset Managers ETF (PRVT) is a specialized fund tracking the alternative asset management industry, offering investors exposure to publicly listed managers of private equity, private credit, infrastructure, real estate, and venture capital portfolios. As of the May 31, 2026 portfolio filing date, PRVT maintained $2.32 million in net assets with a concentrated portfolio of 29 holdings and a modest 15% turnover rate, reflecting a disciplined, core-holding investment approach.
The fund's largest positions concentrate among industry-leading platforms. Brookfield Corp represents the single largest holding at 5.92% of portfolio weight, followed closely by Apollo Global Management at 5.83%, EQT AB at 5.73%, Ares Management Corp at 5.39%, and StepStone Group at 5.37%. This top-five concentration strategy captures exposure to diversified alternative asset managers with established track records across multiple segments of the alternative capital ecosystem. The portfolio weighting reflects the fund's thesis that larger, more diversified platforms benefit most from structural growth in private capital deployment.
Trading performance as of the snapshot date showed PRVT at $23.03 per share, down marginally 0.35%, with daily trading volume of 817 shares. The fund offers no dividend yield to shareholders, positioning itself as a capital appreciation vehicle rather than an income strategy. Over a ten-year horizon, PRVT has generated negative returns of -6.62%, though the fund currently trades 23.88% above its 52-week low, suggesting some recovery from recent market pressures. The valuation premium of 0.55% relative to net asset value indicates modest investor demand or slight trading inefficiency in the relatively thin liquidity profile typical of specialized alternative investment ETFs.
Portfolio construction remains stable with minimal recent activity: only one new position was added in the latest N-PORT disclosure, with no material stock sales reported. This stable positioning suggests fund management confidence in current holdings and a patient stance toward deploying capital in the alternative asset management sector during the current market environment.
The fund's largest positions concentrate among industry-leading platforms. Brookfield Corp represents the single largest holding at 5.92% of portfolio weight, followed closely by Apollo Global Management at 5.83%, EQT AB at 5.73%, Ares Management Corp at 5.39%, and StepStone Group at 5.37%. This top-five concentration strategy captures exposure to diversified alternative asset managers with established track records across multiple segments of the alternative capital ecosystem. The portfolio weighting reflects the fund's thesis that larger, more diversified platforms benefit most from structural growth in private capital deployment.
Trading performance as of the snapshot date showed PRVT at $23.03 per share, down marginally 0.35%, with daily trading volume of 817 shares. The fund offers no dividend yield to shareholders, positioning itself as a capital appreciation vehicle rather than an income strategy. Over a ten-year horizon, PRVT has generated negative returns of -6.62%, though the fund currently trades 23.88% above its 52-week low, suggesting some recovery from recent market pressures. The valuation premium of 0.55% relative to net asset value indicates modest investor demand or slight trading inefficiency in the relatively thin liquidity profile typical of specialized alternative investment ETFs.
Portfolio construction remains stable with minimal recent activity: only one new position was added in the latest N-PORT disclosure, with no material stock sales reported. This stable positioning suggests fund management confidence in current holdings and a patient stance toward deploying capital in the alternative asset management sector during the current market environment.
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