{"ticker":"BHDG","name":"Nicholas Bitcoin Tail ETF","page_url":null,"cite_as":"TickerInside, Nicholas Bitcoin Tail ETF (BHDG), holdings and contracts from SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28, https://tickerinside.com/api/v1/etf/bhdg.json, CC BY 4.0","cite_html":"<a href=\"https://tickerinside.com/api/v1/etf/bhdg.json\">TickerInside</a> (https://tickerinside.com/api/v1/etf/bhdg.json)","identifiers":{"asset_type":"etf","exchange":"Nasdaq","composite_figi":"BBG020KZBZ98","share_class_figi":"BBG020KZC0D9","cik":null,"series_id":"S000101512","class_id":null},"source_layer":"sec_nport_derivatives","category":{"id":"hedged-equity","label":"Hedged Equity","group":"options","group_label":"Option strategies","asset_class":"equity","rule":"In its filing for 2026-07-31, it holds stocks or index exposure with purchased puts on IBIT (102% of net assets).","basis":"contracts","as_of":"2026-07-31","facets":{"underlying":"IBIT"},"measured":{},"method":"https://tickerinside.com/etf/category/"},"as_of":null,"holdings_as_of":"2026-07-31","report_date":"2026-07-31","filed":"2026-09-28","filing_url":"https://www.sec.gov/Archives/edgar/data/1924868/000200032426004951/","net_assets":21092314,"multi_class":false,"stock_pct":0.0,"unmapped_pct":0.0,"abroad":[],"expense_ratio":null,"expense_ratio_gross":null,"expense_ratio_source":null,"expense_ratio_as_of":null,"expense_ratio_filing_url":null,"yield":null,"aum_b":null,"aum_source":null,"aum_date":null,"etf_class_net_assets_b":null,"etf_class_net_assets_as_of":null,"derivative_positions":5,"vol":null,"beta":null,"mdd3":null,"r1":null,"r3":null,"r5":null,"last_close":null,"last_close_date":null,"day_change_pct":null,"high_52w":null,"low_52w":null,"currency":null,"held_outright":{},"summary":"On 2026-07-31, BHDG held money market funds (86.9%) and US Treasury bills (2.4%), as percent of net assets. It carried options on IBIT (89.3% in written calls, 91.8% in purchased calls and 102.0% in purchased puts), as notional exposure in percent of net assets.","composition":[{"kind":"money_market_funds","label":"Money market funds","pct":86.86},{"kind":"treasury_bills","label":"US Treasury bills","pct":2.35}],"derivatives":[{"instrument":"option","description":"put option, purchased","underlying":null,"underlying_ticker":"IBIT","underlying_kind":"stock","direction":"long","notional_pct":102.0016,"value_pct":4.3132,"positions":1,"option_type":"put","option_side":"purchased","expires_first":"2026-09-18","expires_last":"2026-09-18"},{"instrument":"option","description":"call option, purchased","underlying":null,"underlying_ticker":"IBIT","underlying_kind":"stock","direction":"long","notional_pct":91.7633,"value_pct":0.0121,"positions":2,"option_type":"call","option_side":"purchased","expires_first":"2026-07-31","expires_last":"2026-07-31"},{"instrument":"option","description":"call option, written","underlying":null,"underlying_ticker":"IBIT","underlying_kind":"stock","direction":"short","notional_pct":89.3453,"value_pct":-0.0121,"positions":2,"option_type":"call","option_side":"written","expires_first":"2026-07-31","expires_last":"2026-07-31"}],"underlyings":[{"underlying":null,"underlying_ticker":"IBIT","underlying_kind":"stock","long_pct":0.0,"short_pct":0.0,"options":{"written_calls_pct":89.35,"purchased_calls_pct":91.76,"purchased_puts_pct":102.0},"instruments":["option"],"complete":true,"net_pct":0.0}],"exposure":{"stocks_pct":0.0,"swaps_futures_long_pct":0,"swaps_futures_short_pct":0,"options_notional_pct":283.11,"complete":true,"long_exposure_pct":null},"exposure_notes":[],"weekly":null,"weeks_end":null,"license":"CC BY 4.0","attribution":"Credit TickerInside with a link to the page the figure comes from (cite_as gives it) wherever the medium allows a link, and by name where it does not. How you mark the link is up to you.","source":"https://tickerinside.com/api/#derivative-funds"}