351

Managing Concentrated Public Stock Positions by Seeding an Exchange-Traded Fund

Our full paper is on SSRN

Feb 1 • Brent Sullivan and Elie Rozner

ETFs seeding in-kind raised ~$3bn in 2025

Jan 4 • Brent Sullivan

Why "walking down" a concentrated position by seeding ETFs could be problematic

As §351 transfers heat up... what could go wrong?

Dec 21, 2025 • Brent Sullivan

An exchange fund will seed an ETF in-kind... again

Getting the band back together

Nov 16, 2025 • Brent Sullivan

How an exchange fund unblocks billions by seeding an ETF in-kind

Investors denied by incumbent exchange funds have a disruptor to consider

May 25, 2025 • Brent Sullivan

The ETF share class proves the staying power of the mutual fund

Advisers will have more ways to invest retirement account assets and lower transaction costs.

May 11, 2025 • Brent Sullivan

Don't call it a comeback: Cambria's latest ETF seeded in-kind raises ~$100 million

"Advisors are starting to understand the power of the 351 ETF Conversion."

Apr 22, 2025 • Brent Sullivan

Tax-aware long/short... what if the long is an ETF?

A novel approach to the 130/30 is compelling, but has a few tradeoffs

Apr 20, 2025 • Brent Sullivan

I printed (another) 50 copies of The Adviser's Guide To Seeding an ETF In-Kind

70 pages of full-color print. What the heck is Section 368 consolidation?

Apr 9, 2025 • Brent Sullivan

I co-authored a blog for Kitces about seeding an ETF in-kind

My co-author/sherpa was Ben Henry-Moreland, CFP®, EA

Mar 14, 2025 • Brent Sullivan

Is seeding an ETF in-kind the right strategy?

I compare seeding an ETF to an exchange fund, charitable remainder trust, and tax-aware long/short separate account.

Mar 11, 2025 • Brent Sullivan

An ETF seeded with other ETFs launched with $440 million

The Longview Advantage ETF (ticker EBI) recently seeded in-kind w/ 75% other ETFs

Mar 2, 2025 • Brent Sullivan

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts