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Reflection Asset Management Historic Quarter Change: USA ETF, New

Reflection Asset Management historic quarter change: USA ETF, New

In exchange-traded fund shares (known by the fund name on the filing) (listed in the US), over 1 quarter from 2025-12-31 to 2026-03-31, Reflection Asset Management opened 3 positions, added to 13, reduced 4 and sold out of 28.

  • Q1 2026: Stock QTUM; Country of operation —; Class DEFIANCE QUANTUM; Shares before 0.
  • Q1 2026: Stock DEMZ; Country of operation —; Class DEMCRATIC LG ETF; Shares before 0.
  • Q1 2026: Stock QQQM; Country of operation —; Class NASDAQ 100 ETF; Shares before 0.

Each consecutive pair of Form 13F-HR filings compared (SEC CIK 2108398), 1 quarter: Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-08-26). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2025-12-31.

QuarterStockCountry of operationClassShares beforeShares afterShare changeValue beforeValue afterValue changeFiled
Q1 2026QTUM
ETF SER SOLUTIONS
DEFIANCE QUANTUM010,168+10,168$0$1,378,171+$1,378,1712026-08-26
Q1 2026DEMZ
ADVISORS INNER CIRCLE FD III
DEMCRATIC LG ETF018,025+18,025$0$784,167+$784,1672026-08-26
Q1 2026QQQM
INVESCO EXCH TRADED FD TR II
NASDAQ 100 ETF01,539+1,539$0$425,303+$425,3032026-08-26

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