---
ticker: "GPZ"
name: "VanEck Alternative Asset Manager ETF"
url: "https://etf.net/etf/GPZ"
grade: "B"
score: 63
graded_at: "2026-10-12"
category: "Listed Private Markets"
category_rank: "2 of 12"
methodology: "https://etf.net/methodology"
---

# GPZ: VanEck Alternative Asset Manager ETF

Grade **B**, Score 63 of 100. Rank 2 of 12 in Listed Private Markets.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 96 | 1 of 12 |
| Mission | Not scored | — |
| Risk | 11 | 12 of 12 |
| Tradability | 66 | 4 of 12 |
| Holdings | 48 | 8 of 11 |
| Durability | 51 | 7 of 12 |

## Top holdings

The fund holds 24 positions. These are the largest 24, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | BN | Brookfield Corp | 12.62% |
| 2 | BX | Blackstone Inc | 11.60% |
| 3 | KKR | Kkr & Co Inc | 9.54% |
| 4 | APO | Apollo Global Management Inc | 7.91% |
| 5 | BAM | Brookfield Asset Management Ltd | 7.35% |
| 6 | ICG.L | Icg Plc | 4.51% |
| 7 | ONEX.TO | Onex Corp | 4.48% |
| 8 | ARES | Ares Management Corp | 4.29% |
| 9 | CG | Carlyle Group Inc/The | 4.28% |
| 10 | PGHN.SW | Partners Group Holding Ag | 4.28% |
| 11 | EQT.ST | Eqt Ab | 4.26% |
| 12 | OWL | Blue Owl Capital Inc | 3.96% |
| 13 | TPG | Tpg Inc | 3.69% |
| 14 | BPT.L | Bridgepoint Group Plc | 3.43% |
| 15 | HASI | Hannon Armstrong Sustainable Infrastruc | 3.13% |
| 16 | HLNE | Hamilton Lane Inc | 3.02% |
| 17 | RF.PA | Eurazeo Se | 2.49% |
| 18 | FSG.L | Foresight Group Holdings Ltd | 2.19% |
| 19 | STEP | Stepstone Group | 1.76% |
| 20 | FIH-U.TO | Fairfax India Holdings Corp | 1.06% |
| 21 | — | Other/Cash | 0.09% |
| 22 | — | -Usd Cash- | 0.03% |
| 23 | — | -Eur Cash- | 0.00% |
| 24 | — | -Sek Cash- | 0.00% |

Source: etf.net, https://etf.net/etf/GPZ. Please cite the page URL.