PRVT
Tema Listed Private Managers ETF
The Tema Alternative Asset Managers ETF seeks to provide investors with exposure to a diversified portfolio of alternative asset managers to achieve long-term capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
$ 0.2 M
ASSETS UNDER MGMT
99 bp
EXPENSES
Fund Basics
| Inception date | Sep 23, 2025 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TPG INC | 5.6 % |
| BLACKSTONE GROUP LP/THE | 5.6 % |
| HAMILTON LANE INCORPORATED CLASS A | 5.3 % |
| EQT AB | 5.3 % |
| INTERMEDIATE CAPITAL GROUP PLC | 5.3 % |
| KKR & CO LP | 5.2 % |
| BRIDGEPOINT GROUP PLC | 5.1 % |
| APOLLO GLOBAL MANAGEMENT INC. | 5.0 % |
| ARES MANAGEMENT LP | 5.0 % |
| BROOKFIELD ASSET MGMT-A | 4.8 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 433 |
| Wgt avg mkt cap (mns) | $28,964 |
| Large cap (>$10bn) | 44.9% |
| Mid cap ($2-10bn) | 38.0% |
| Small cap (<$2bn) | 3.0% |
| Developed mkts. | 90.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 55.3 % |
 |
CANADA | 13.7 % |
 |
BRITAIN | 8.3 % |
 |
SWEDEN | 5.3 % |
 |
SWITZERLAND | 4.6 % |
 |
BELGIUM | 2.3 % |
 |
BERMUDA | 0.9 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -4.2% | -- | -- | -- | -- | -- | -- | -3.8% |
| Dividend Yield | 0.0% | -- | -- | -- | -- | -- | -- | 0.7% |
| Total Returns | -4.2% | -- | -- | -- | -- | -- | -- | -3.0% | Ann. Volatility | 29.5% | -- | -- | -- | -- | -- | -- | 27.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 10.0% |
| Avg. Bid/Ask (% of price) | 1.24% |
Technical Indicators
| 30d moving avg. (EMA) | $22.00 |
| Relative strength (RSI) | 64 |
| MACD/Signal | 0.81/0.65 |
| Bollinger Bands (Upper/Lower) | $24.44/$19.83 |
| Short interest (% of AUM) | 93.1% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PRVT |
Expenses vs. PRVT |
ALTAR Score™ vs. PRVT |
|---|---|---|---|---|
| GPZ | VanEck Alternative Asset Manager ETF | 63.6% | -59 bp | +0.4% |
| LBO | WHITEWOLF Publicly Listed Private Equity ETF | 44.3% | -29 bp | +2.8% |
| PSP | Invesco Global Listed Private Equity ETF | 40.5% | +7 bp | +1.9% |
| KCE | State Street SPDR S&P Capital Markets ETF | 17.9% | -64 bp | +0.6% |
| NYNY | Corgi NYC Based ETF | 11.6% | -79 bp | +0.7% |
| FDFF | Fidelity Disruptive Finance ETF | 11.0% | -49 bp | +0.3% |
Risk and Returns: PRVT vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.2%
ALTAR SCORE™
49th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 1,408 funds in the US Equity category with an average
ALTAR Score™ of 5.2% and a standard deviation
of 2.0%. PRVT's ALTAR Score™ is approximately 0.0 standard
deviations above the category average. This places PRVT in the 49th percentile
among funds in the category.
Sell-Side Consensus
$29.15
PRICE TARGET
+24.3%
UPSIDE
Bid/Ask Spreads
124 bp
AVG SPREAD
17 —
1,943 bp
RANGE