Roundhill DRAM ETF Holdings
Map the fund's memory-chain exposure, then check whether equities, depositary receipts, and total-return swaps are being double-counted.
Theme
Memory chain
HBM, DRAM, NAND, SSD, and HDD
Management
Active
Weights can change with manager views
Disclosure
Stocks + swaps
Combine instruments into economic exposure
Key risk
Concentrated
Sensitive to memory prices and AI capex
Core conclusion: DRAM focuses on HBM, DRAM, NAND, SSDs, and hard drives. Exposure may combine equities and total-return swaps, so third-party weights can differ; prioritize Roundhill's disclosure.
Major Disclosed Exposures
| Name | Exposure | What to Check |
|---|---|---|
| Samsung Electronics | Memory / HBM | Equity and derivative exposure may need combined interpretation. |
| SK Hynix | Memory / HBM | Sensitive to memory pricing and AI capital spending. |
| Micron Technology | Memory / HBM | A listed holding with high cycle sensitivity. |
| Kioxia | NAND Flash | Check whether disclosure uses securities or swaps. |
| SanDisk | Flash Storage | Weight can change with active management. |
This explains major exposures; it is not a live complete holdings table.
How to Read the Holdings
1. Confirm the date
- Check the official as-of date
- Aggregators can update on different schedules
- Old snapshots decay quickly for active ETFs
2. Combine economic exposure
- Identify common stock, ADRs, and swaps
- Do not blindly add instruments tied to one company
- Then assess country and industry concentration
The fund is concentrated and new, so a short history is not a long-term expectation. Treat third-party data as a lead and official disclosure as the source of truth.