---
ticker: "LBO"
name: "WHITEWOLF Publicly Listed Private Equity ETF"
url: "https://etf.net/etf/LBO"
grade: "D"
score: 30
graded_at: "2026-10-12"
category: "Listed Private Markets"
category_rank: "12 of 12"
methodology: "https://etf.net/methodology"
---

# LBO: WHITEWOLF Publicly Listed Private Equity ETF

Grade **D**, Score 30 of 100. Rank 12 of 12 in Listed Private Markets.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 27 | 9 of 12 |
| Mission | Not scored | — |
| Risk | 29 | 11 of 12 |
| Tradability | 29 | 11 of 12 |
| Holdings | 53 | 6 of 11 |
| Durability | 18 | 12 of 12 |

## Top holdings

The fund holds 39 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | APO | Apollo Global Management Inc | 10.70% |
| 2 | ARCC | Ares Capital Corp | 10.54% |
| 3 | BXSL | Blackstone Secured Lending Fund | 7.83% |
| 4 | ARES | Ares Management Corp | 7.67% |
| 5 | KKR | KKR & Co Inc | 7.35% |
| 6 | OWL | Blue Owl Capital Inc | 6.39% |
| 7 | HTGC | Hercules Capital Inc | 5.43% |
| 8 | BLK | Blackrock Inc | 5.27% |
| 9 | BAM | Brookfield Asset Management Ltd | 4.15% |
| 10 | CG | Carlyle Group Inc/The | 3.99% |
| 11 | CODI | Compass Diversified Holdings | 3.83% |
| 12 | BX | Blackstone Inc | 3.83% |
| 13 | TPG | TPG Inc | 3.51% |
| 14 | BN | Brookfield Corp | 2.87% |
| 15 | TRIN | Trinity Capital Inc | 2.40% |
| 16 | — | First American Government Obligations Fund 12/01/2031 | 2.08% |
| 17 | TSLX | Sixth Street Specialty Lending Inc | 1.92% |
| 18 | AINV | MidCap Financial Investment Corp | 1.44% |
| 19 | OBDC | Blue Owl Capital Corp | 1.44% |
| 20 | STEP | StepStone Group Inc | 1.28% |
| 21 | MAIN | Main Street Capital Corp | 0.96% |
| 22 | BBDC | Barings BDC Inc | 0.96% |
| 23 | HLNE | Hamilton Lane Inc | 0.96% |
| 24 | GBDC | Golub Capital BDC Inc | 0.96% |
| 25 | BCSF | Bain Capital Specialty Finance Inc | 0.80% |
| 26 | PX | Ridgepost Capital Inc | 0.32% |
| 27 | — | Cash & Other | 0.32% |
| 28 | NMFC | New Mountain Finance Corp | 0.16% |
| 29 | SAR | Saratoga Investment Corp | 0.16% |
| 30 | GCMG | GCM Grosvenor Inc | 0.08% |

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