Key Takeaways
- • WJ Interests, LLC held 578,477 shares of Return Stacked International Stocks & Managed Futures ETF (RSIT) valued at $11.89 million as of June 30, 2026, representing a position in a newly launched global macro alternative strategy.
- • RSIT, launched May 5, 2026, employs a 1:1 leverage structure designed to provide $1 of large-cap international equity exposure paired with $1 of managed futures exposure for every dollar invested.
- • The fund's portfolio reflects a complex multi-asset strategy with $121.0 million in cash offset and significant exposures across international equities (SPDW: $49.3 million), index futures across developed markets, and broad commodity/currency hedges totaling approximately $64.28 million in total assets.
- • WJ Interests' RSIT position comprises one of 22 total holdings within a $259.36 million portfolio, indicating selective allocation to Return Stacked's global macro framework within a diversified institutional allocation.
- • The fund carries a net short bias across interest rate futures (2-Year Treasury: -$64.6 million; 5-Year Treasury: -$28.9 million; Euro Bund: -$13.3 million) and currency exposure (Japanese Yen: -$22.3 million; Euro FX: -$20.4 million), suggesting a bearish duration and currency stance.
Summary
Return Stacked International Stocks & Managed Futures ETF (RSIT) represents a recently established global macro alternative vehicle launched on May 5, 2026, targeting institutional and sophisticated investors seeking combined equity and systematic trend-following exposure. WJ Interests, LLC, operating with a disclosed portfolio value of $259.36 million across 22 holdings, maintains a $11.89 million position in RSIT comprising 578,477 shares as of the second quarter of 2026.
RSIT's structural framework employs a return-stacking mechanism whereby investors receive $1 of exposure to large-cap international equities alongside $1 of managed futures systematically for each dollar deployed. The fund's total assets reached $64.28 million with a net asset value of $20.44 per share, reflecting early-stage fund accumulation typical of newly launched alternative vehicles. The portfolio maintains minimal daily trading volume at $13.67 thousand shares, consistent with institutional positioning and limited retail participation.
The fund's holdings reveal a sophisticated multi-asset construction. Core equity exposure concentrates in the State Street SPDR Portfolio Developed World ex-US ETF (SPDW) valued at $49.3 million, providing direct access to developed international markets excluding the United States. Supporting this equity sleeve are multiple international index futures including MSCI EAFE Index futures ($16.8 million), FTSE 100 ($8.5 million), DAX ($2.3 million), and Nikkei/USD ($1.5 million) contracts dated September 26, 2026, creating a diversified developed-market equity exposure framework.
The managed futures sleeve exhibits pronounced directional positioning across fixed income, currencies, and commodities. Most notably, the portfolio maintains substantial short positions in U.S. Treasury futures: 2-Year Treasury Note futures at -$64.6 million, 5-Year Treasury Note futures at -$28.9 million, and 10-Year Treasury Note futures at -$16.1 million, indicating significant bearish duration bias. Currency futures reflect equally concentrated positioning with Japanese Yen futures at -$22.3 million short, Euro FX at -$20.4 million short, and Canadian Dollar futures at -$8.4 million short. Long commodity exposures include Brent crude futures ($805,368) and RBOB gasoline ($1.3 million), partially offset by natural gas futures short positions (-$872,496). The portfolio maintains $121.0 million in cash offset against these derivative positions, providing liquidity management for the managed futures sleeve.
This construction positions RSIT as a systematic global macro vehicle suitable for institutional allocators seeking diversification from traditional equity-bond portfolios while maintaining domestic currency hedges and tactical commodity exposures aligned with systematic trend-following methodologies.
RSIT's structural framework employs a return-stacking mechanism whereby investors receive $1 of exposure to large-cap international equities alongside $1 of managed futures systematically for each dollar deployed. The fund's total assets reached $64.28 million with a net asset value of $20.44 per share, reflecting early-stage fund accumulation typical of newly launched alternative vehicles. The portfolio maintains minimal daily trading volume at $13.67 thousand shares, consistent with institutional positioning and limited retail participation.
The fund's holdings reveal a sophisticated multi-asset construction. Core equity exposure concentrates in the State Street SPDR Portfolio Developed World ex-US ETF (SPDW) valued at $49.3 million, providing direct access to developed international markets excluding the United States. Supporting this equity sleeve are multiple international index futures including MSCI EAFE Index futures ($16.8 million), FTSE 100 ($8.5 million), DAX ($2.3 million), and Nikkei/USD ($1.5 million) contracts dated September 26, 2026, creating a diversified developed-market equity exposure framework.
The managed futures sleeve exhibits pronounced directional positioning across fixed income, currencies, and commodities. Most notably, the portfolio maintains substantial short positions in U.S. Treasury futures: 2-Year Treasury Note futures at -$64.6 million, 5-Year Treasury Note futures at -$28.9 million, and 10-Year Treasury Note futures at -$16.1 million, indicating significant bearish duration bias. Currency futures reflect equally concentrated positioning with Japanese Yen futures at -$22.3 million short, Euro FX at -$20.4 million short, and Canadian Dollar futures at -$8.4 million short. Long commodity exposures include Brent crude futures ($805,368) and RBOB gasoline ($1.3 million), partially offset by natural gas futures short positions (-$872,496). The portfolio maintains $121.0 million in cash offset against these derivative positions, providing liquidity management for the managed futures sleeve.
This construction positions RSIT as a systematic global macro vehicle suitable for institutional allocators seeking diversification from traditional equity-bond portfolios while maintaining domestic currency hedges and tactical commodity exposures aligned with systematic trend-following methodologies.
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