Fund · GraniteShares 2x Long NOW Daily ETF · measured from SEC filings
NOWL holdings
NOWL reports 2 holdings and behaves like 1.8 equally weighted ones, computed from its SEC Form N-PORT filing for 2026-06-30. The fact sheet publishes the first number; this page computes the second, and shows what the weights do to it.
Measured concentration
as of 2026-06-30This figure is not comparable with other funds
100.0% of net assets is derivative exposure, where position value and economic exposure are not the same quantity
The figure below is what the filing says, published unchanged. What it may not do is sit beside a plain long-only fund and be read as the same quantity. How comparability is decided.
Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 0% at a quoted market price (level 1), one issuer country.
What stands out
as of 2026-06-30NOWL's largest investment is Graniteshares Long 2X NOW TRS Marex at 129.63% of net assets.
Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable derivative funds on this site. Nothing here is a view on the fund.
Largest positions, as filed
as of 2026-06-30The 2 largest of 2 positions in NOWL's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Lines the filer classes as derivatives are included at their filed value, which is not their exposure; a swap or option line may carry a counterparty's name. The exposure itself is in the section on counterparties below. Every position, every quarter: NOWL.csv.gz.
| # | Position | Weight | Cumulative |
|---|---|---|---|
| 1 | Marex | 64.85% | 64.8% |
| 2 | Cantor Fitzgerald | 35.15% | 100.0% |
Returns the fund reported
2025-08 – 2026-06Monthly total returns from Item B.5 of NOWL's own filings, 11 months on record. Not computed here and not from a price feed.
Cross-checked against a series computed separately from prices: median difference — percentage points over 0 months, which is roughly the distributions. Every month with the filing it came from: NOWL.json · all funds.
Asset categories and pricing
as of 2026-06-30100.00% derivative as filed; 0.0% carried at a quoted market price (fair-value level 1). Categories and levels are the filer's; what a low level-1 share does and does not mean is in the measure's page.
Derivative exposure and counterparties
as of 2026-06-30A position count cannot describe a fund that uses derivatives, because a swap is filed at its unrealised gain, not its exposure. These are the notionals the fund itself reported, against net assets of $286M. Notional of an interest-rate or currency swap is not equity exposure.
| Swap counterparty | Notional | % of net assets |
|---|---|---|
| Marex | $342M | 119.58% |
| Cantor Fitzgerald | $184M | 64.27% |
Financing leg as filed: the fund pays OBFR01 + 5.374% on $525M of long swap notional . Issuers fill the spread field differently (some file the all-in rate), so compare within an issuer, not across.
Full detail for every fund that files derivatives: leverage.json (CC BY 4.0).
Neighbours by effective holdings, derivative funds
10Every measured derivative fund lined up by how many holdings it behaves like; these sit either side of NOWL (1.8). Same filings, same arithmetic. Position in this list says nothing about which fund is better.
| Fund | Reports | Behaves like | Top ten | As of |
|---|---|---|---|---|
| CWVX Tradr 2X Long CRWV Daily ETF | 3 | 1.4 * | 100% | 2026-06-30 |
| FNOV FT Vest U.S. Equity Buffer ETF - November | 11 | 1.5 * | 99.98% | 2026-05-31 |
| FOCT FT Vest U.S. Equity Buffer ETF - October | 11 | 1.5 * | 99.99% | 2026-05-31 |
| DJAN FT Vest U.S. Equity Deep Buffer ETF - January | 9 | 1.6 * | 100% | 2026-05-31 |
| TSLQ Tradr 2X Short TSLA Daily ETF | 4 | 1.8 * | 100% | 2026-06-30 |
| APPX Tradr 2X Long APP Daily ETF | 4 | 2 * | 100% | 2026-06-30 |
| ASTX Tradr 2X Long ASTS Daily ETF | 4 | 2.1 * | 100% | 2026-06-30 |
| MVLL GraniteShares 2x Long MRVL Daily ETF | 7 | 3.4 * | 100% | 2026-06-30 |
| MULL GraniteShares 2x Long MU Daily ETF | 7 | 3.8 * | 100% | 2026-06-30 |
| FBL GraniteShares 2x Long META Daily ETF | 5 | 4.1 * | 100% | 2026-06-30 |
Essays that examine NOWL
0Mentions are detected across the full text of every article, so an appearance may be a passing comparison rather than the subject. Nothing here is a recommendation to buy or sell — see the disclaimer.