Another day in the stock market circus, and the elephants are stampeding out of ONEQ. Elevation Capital Advisory, ever the dramatic investor, has decided to exit stage left from the Fidelity Nasdaq Composite Index ETF, selling 111,305 shares valued at $8.92 million. That’s 3.6% of their 13F reportable assets-enough to buy a yacht and still have change for a morning coffee. Or, if you’re me, enough to fund a lifetime subscription to “Why Am I Still Holding This?” anxiety.
What Happened (And Why It’s Not a Cry for Help)
On October 30, 2025, Elevation Capital Advisory executed what can only be described as a full retreat from ONEQ. The filing with the SEC revealed a complete liquidation of their position, leaving the fund with zero shares. For context, ONEQ had previously been 3.57% of their AUM. Now? A bold, if slightly panicked, zero. One wonders if they’re rebalancing or simply reacting to the market’s latest performance review.
What Else to Know (Because I’ll Probably Need to Mention This Later)
Elevation Capital’s top holdings now include MFUL ($19.70 million), IWY ($14.23 million), and VONG ($10.98 million). It’s the financial equivalent of trading your vintage handbag for a slightly less vintage one. Meanwhile, ONEQ’s price per share as of October 29, 2025, was $94.14-a 27.6% gain over the past year. Outperforming the S&P 500 by 11 percentage points, no less. Valuations must be climbing faster than my blood pressure on a Monday morning.
Company Overview (In Case You Forgot What We’re Talking About)
| Metric | Value |
|---|---|
| AUM | 8.97 billion |
| Dividend yield | 0.55% |
| Price (as of market close 10/29/25) | $94.14 |
| 1-year total return | 27.61% |
Company Snapshot (With a Side of Wry Observations)
Fidelity Nasdaq Composite Index ETF (ONEQ) is the financial equivalent of a buffet-diverse, slightly overwhelming, and best approached with a strategy (and possibly a small fortune in antacids). It tracks the Nasdaq Composite Index, which includes over 2,000 companies, many of whom are tech giants with AI aspirations and caffeine-fueled boardrooms. ONEQ’s approach? Statistical sampling to mirror the index’s risk and return. It’s the investment version of “Let’s just wing it, but with spreadsheets.”
Foolish Take (Or How I Learned to Stop Worrying and Love the Volatility)
After a 27.6% annual return, Elevation Capital’s exit feels less like panic and more like a strategic pivot. ONEQ’s outperformance of the S&P 500 by 11 percentage points is impressive, but valuations don’t stay irrational forever. For retail investors, the lesson is clear: don’t chase returns like a dog chasing a bus-it’s exhausting, and you’ll probably end up with a sore back and a questionable investment thesis.
My personal checklist for this week:
- Units of Cryptocurrency Lost: 12
- Hours Spent Watching Charts: 9
- Number of Panicked Texts to Friends: 24
- Retirement Plan Optimism: 0.7%
ONEQ’s story isn’t over, of course. Nasdaq’s rally reflects a broader shift toward growth equities, and the ETF’s disciplined approach ensures it’ll be there when the next bull market comes a-knocking. For now, I’ll just sip my tea and try not to Google “How to Time the Market” for the 12th time today. 🚀
Glossary (Because I’d Rather Explain Than Ask)
13F reportable assets: The SEC’s version of a financial diary-mandatory, tedious, and mostly ignored unless you’re auditing someone’s portfolio.
AUM: Assets Under Management. The number that makes you question your life choices when it’s lower than your neighbor’s.
ETF: Exchange-Traded Fund. A basket of assets with the same charm as a crowded subway car during rush hour.
Index-based approach: Investing by the numbers. No creativity required, just spreadsheets and sleepless nights.
Statistical sampling: The art of pretending you’ve invested in everything when you’ve really just picked a few random bits.
Sector exposure: How much of your portfolio is tied to industries that will either make you rich or make you cry in the shower.
Dividend yield: A financial ratio that’s basically the market’s way of saying, “Here’s a token for waiting patiently.”
Total return: The sum of your gains and losses. Always check it after a particularly emotional week.
Quarterly average pricing: The average price of a security over a quarter. Useful for estimating trades and existential dread.
Outperforming: When your investment does better than the benchmark. Often followed by a steep drop and a trip to the therapist.
Portfolio diversification: The financial equivalent of not putting all your eggs in one basket. Or in this case, not putting all your hope in one ETF.
Market capitalization: The total value of a company’s shares. A number so large it makes you question why you ever thought you could afford a house.
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2025-10-31 23:50