Total Holdings
81
As of Oct 4, 2026
Nicholas Defense and Rare Earth Income ETF
WEPNNYSEARCANicholasAsset Allocation
$38.62Today:- (-)
As of Oct 16, 2026 close
- Assets (AUM)
- $6.36M
- Expense ratio
- 1.11%
- Dividend yield
- 8.49%
- Holdings
- 81
- 52-week range
- $38.83$50.28
- Volume (live)
- -
- Avg. volume (3M)
- 1.61K
WEPN ETF Holdings: Nicholas Defense and Rare Earth Income ETF
Every listed position with its portfolio weight, plus sector breakdown and geographic exposure for this Asset Allocation ETF. Analyze fund diversification and concentration.
Top 10 Holdings
64.7%
Share of fund assets
Assets (AUM)
$6.36M
Total fund assets
Expense Ratio
1.11%
Annual management fee
Portfolio Allocations
Distribution breakdown by sector, asset type, and geographic region. Understand the fund's diversification strategy across markets and asset classes.
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Top 26 of 81 WEPN Holdings by Portfolio Weight
Holdings as of Oct 4, 2026. Ticker, name, asset type and portfolio weight for each position. Fund disclosures available to us list the largest 26 positions.
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| # | Symbol | Name | Type | Weight |
|---|---|---|---|---|
| 1 |  | CrowdStrike Holdings, Inc. | Stock | 11.31% |
| 2 |  | Palo Alto Networks, Inc. | Stock | 10.76% |
| 3 |  | Space Exploration Technologies Corp. | Stock | 7.82% |
| 4 | NYSE ARCA:DBB | Invesco DB Multi-Sector Commodity Trust - Invesco DB Base Metals Fund | Cash | 6.43% |
| 5 | #DBB | Invesco DB Base Metals Fund | Stock | 6.43% |
| 6 |  | Palantir Technologies Inc. | Stock | 5.37% |
| 7 | NYSE ARCA:SLX | VanEck Vectors Steel ETF | Cash | 4.16% |
| 8 |  | Axon Enterprise, Inc | Stock | 4.15% |
| 9 | #SLX | VanEck Steel ETF | Stock | 4.15% |
| 10 |  | General Dynamics Corporation | Stock | 4.12% |
| 11 |  | CACI International Inc | Stock | 4.07% |
| 12 |  | BWX Technologies, Inc | Stock | 3.81% |
| 13 |  | Raytheon Technologies Corporation | Stock | 3.80% |
| 14 | #PPLT | abrdn Physical Platinum Shares ETF | Stock | 3.55% |
| 15 |  | AeroVironment, Inc | Stock | 3.50% |
| 16 | #CPER | United States Copper Index Fund | Stock | 3.35% |
| 17 |  | Lockheed Martin Corporation | Stock | 3.03% |
| 18 |  | Ondas Inc. | Stock | 2.81% |
| 19 | #LIT | Global X Lithium & Battery Tech ETF | Stock | 2.79% |
| 20 |  | Northrop Grumman Corporation | Stock | 2.57% |
| 21 |  | Huntington Ingalls Industries, Inc. | Stock | 2.48% |
| 22 | #URA | Global X Uranium ETF | Stock | 2.17% |
| 23 |  | Kratos Defense & Security Solutions, Inc. | Stock | 1.96% |
| 24 |  | Sociedad Química y Minera de Chile S.A. | Stock | 1.74% |
| 25 |  | MP Materials Corp. | Stock | 1.49% |
| 26 |  | USA Rare Earth, Inc. | Stock | 1.36% |
Source: Fund holdings disclosures. Data as of Oct 4, 2026. Data sources and methodology
Frequently Asked Questions About Nicholas Defense and Rare Earth Income ETF Holdings
What are the top holdings in WEPN?
As of Oct 4, 2026, Nicholas Defense and Rare Earth Income ETF (WEPN) holds 81 securities. The largest are CrowdStrike Holdings, Inc. (11.31%), Palo Alto Networks, Inc. (10.76%), Space Exploration Technologies Corp. (7.82%). The holdings table lists each position by portfolio weight with its ticker, name and asset type.
How concentrated is WEPN's portfolio?
As of Oct 4, 2026, the 10 largest positions make up 64.7% of WEPN's assets. A concentrated portfolio has fewer large positions with higher individual weights, while a diversified portfolio distributes holdings more evenly.
What is WEPN's sector allocation?
The Sector Allocation chart shows how WEPN distributes investments across different industries like Technology, Healthcare, Financials, and more. This sector exposure helps understand the fund's industry diversification strategy.
What countries does WEPN invest in?
WEPN's geographic exposure is shown in the Countries tab under Portfolio Allocations. This reveals the fund's international diversification and exposure to different regions and global markets.
How diversified is WEPN ETF?
WEPN's diversification can be assessed by reviewing its 81 holdings (as of Oct 4, 2026), sector allocation, and geographic exposure. A well-diversified ETF spreads investments across multiple securities, sectors, and regions to reduce concentration risk.