ATLASMilitia Long/Short Equity ETF (ORR): outlook, holdings and fees
Militia Long/Short Equity ETF (ORR) is an exchange-traded fund and is managed by Militia Investments, LLC. The expense ratio is 11.18% and the yield is 0.00%. The ten largest holdings are 48% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on ORR
| Last price | $38.49 (-0.1%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $37.71 – $39.67 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.00% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
ORR fund facts
| Issuer | Militia Investments, LLC |
|---|---|
| Theme | Inverse (short) |
| Assets under management | $348M |
| Expense ratio | 11.18% |
| Number of holdings | 48 |
| Inception | Jan 14, 2025 |
| Exchange | NASDAQ |
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in both long and short positions in equity securities or ETFs that Militia Investments, LLC, the sub-adviser to the fund (the "Sub-Adviser"), believes offer the potential for capital appreciation. The fund is non-diversified.
ORR top holdings
| Holding | Sector | Weight |
|---|---|---|
| Hikari Tsushin Inc 9435 | Industrials | 11.80% |
| Axos Financial Inc AX | Financial Services | 7.86% |
| Amazon.com Inc AMZN | Consumer Cyclical | 4.49% |
| Ryohin Keikaku Ltd 7453 | Consumer Cyclical | 4.38% |
| Alphabet Inc Class C GOOG | Communication Services | 4.23% |
| Grupo México S.A.B. de C.V GMEXICOB | Basic Materials | 4.01% |
| Capital Southwest Corporation CSWC | Financial Services | 3.36% |
| Western Midstream Partners LP WES | Energy | 3.07% |
| Goodwin PLC GDWN | Industrials | 2.55% |
| Grupo Aeroportuario del Centro Norte SAB de CV OMAB | Industrials | 2.25% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
ORR sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 30.8% |
| Financial Services | 23.8% |
| Consumer Cyclicals | 10.2% |
| Energy | 7.5% |
| Basic Materials | 5.9% |
| Technology | 5.3% |
| Consumer Defensive | 4.8% |
| Real Estate | 4.2% |
| Communication Services | 3.9% |
| Healthcare | 3.4% |
| Utilities | 0.2% |
By region: Japan 41.3%, North America 38.1%, Latin America 10.1%, Europe Developed 6.3%, United Kingdom 3.1%.
ORR returns and risk
| Year to date | +12.5% |
|---|---|
| 1 year | +23.5% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
ORR: frequently asked questions
What does ORR invest in?
Militia Long/Short Equity ETF invests in a portfolio of securities. Its largest holdings are Hikari Tsushin Inc (11.8%), Axos Financial Inc (7.9%), Amazon.com Inc (4.5%), Ryohin Keikaku Ltd (4.4%), Alphabet Inc Class C (4.2%).
What is the ORR expense ratio?
11.18% a year: about $1,118.00 for every $10,000 invested.
What is the ORR dividend yield?
0.00%. ATLAS does not hold the exact distribution dates for ETFs.
Will ORR go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $37.71 to $39.67 from $38.49 today. It is a probability, not a prediction.
How has ORR performed?
Year to date +12.5%, one year +23.5%. Past returns do not guarantee future results.
Similar ETFs: Inverse (short)
- First Trust Long/Short Equity ETF (FTLS)
- Direxion Daily Semiconductor Bear 3X Shares (SOXS)
- ProShares UltraPro Short QQQ (SQQQ)
- FlexShares Ultra-Short Income Fund (RAVI)
- Convergence Long/Short Equity ETF (CLSE)
- ProShares Short S&P 500 (SH)
- BNY Mellon Ultra Short Income ETF (BKUI)
- VanEck Short High Yield Muni ETF (SHYD)
Educational information, not investment advice. Disclaimer