---
ticker: "LBAY"
name: "Leatherback Long/Short Alternative Yield ETF"
url: "https://etf.net/etf/LBAY"
grade: "C"
score: 40
graded_at: "2026-10-12"
category: "Alternative Strategies"
category_rank: "20 of 30"
methodology: "https://etf.net/methodology"
---

# LBAY: Leatherback Long/Short Alternative Yield ETF

Grade **C**, Score 40 of 100. Rank 20 of 30 in Alternative Strategies.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 38 | 19 of 30 |
| Mission | Not scored | — |
| Risk | 31 | 23 of 30 |
| Tradability | 44 | 20 of 30 |
| Holdings | 53 | 8 of 15 |
| Durability | 43 | 26 of 30 |

## Top holdings

The fund holds 34 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | First American Government Obligations Fund 12/01/2031 | 13.41% |
| 2 | B | Barrick Mining Corp | 5.27% |
| 3 | HL | Hecla Mining Co | 5.24% |
| 4 | V | Visa Inc | 5.22% |
| 5 | WTRG | Essential Utilities Inc | 4.88% |
| 6 | AGI | Alamos Gold Inc | 4.80% |
| 7 | MTN | Vail Resorts Inc | 4.70% |
| 8 | XOM | ExxonMobil Holdings Corp | 4.69% |
| 9 | KDP | Keurig Dr Pepper Inc | 4.64% |
| 10 | AGNCP | AGNC Investment Corp 6.125% 10/15/2174 | 4.48% |
| 11 | MO | Altria Group Inc | 4.47% |
| 12 | ORI | Old Republic International Corp | 4.45% |
| 13 | AVA | Avista Corp | 4.43% |
| 14 | BRK.B | Berkshire Hathaway Inc | 4.27% |
| 15 | NEM | Newmont Corp | 4.21% |
| 16 | EPR-PC | EPR Properties 5.75% 10/15/2174 | 4.12% |
| 17 | LW | Lamb Weston Holdings Inc | 3.99% |
| 18 | CMCSA | Comcast Corp | 3.79% |
| 19 | ICE | Intercontinental Exchange Inc | 3.76% |
| 20 | UBER | Uber Technologies Inc | 3.75% |
| 21 | ADBE | Adobe Inc | 3.53% |
| 22 | RRC | Range Resources Corp | 3.48% |
| 23 | VTRS | Viatris Inc | 3.31% |
| 24 | BDX | Becton Dickinson & Co | 3.23% |
| 25 | SPGI | S&P Global Inc | 3.04% |
| 26 | UNP | Union Pacific Corp | 3.03% |
| 27 | AMRZ | Amrize Ltd | 3.03% |
| 28 | SLM | SLM Corp | 3.03% |
| 29 | YUM | Yum! Brands Inc | 3.01% |
| 30 | RYN | Rayonier Inc | 2.98% |

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