TSPX - Manager Directed Portfolios - Twin Oak Active Opportunities ETF
TSPX is a high-conviction, non-diversified fund that aims to provide capital appreciation by investing in a mix of equities and fixed-income securities across the globe. The portfolio may include equity securities of any market capitalization and government or corporate bonds with varying maturities and credit qualities. For fixed income, the fund may invest directly in fixed-income securities or utilize other ETFs.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $246.4M
- Beta
- 0.69
- 52-Week Range
- 26.159-30.95
- Dividend Yield
- $0.59
- IPO Date
- Feb 24, 2025
- Exchange
- CBOE
TSPX Options Snapshot
Options pricing data for TSPX is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The TSPX overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
TSPX fund facts: expense ratio 0.43%, assets under management $247.0M, NAV $30.86 as of the data source's update on Oct 8, 2026, 5 holdings in its latest file, launched Feb 20, 2025, issued by Twin Oak. See the TSPX holdings.
Frequently asked TSPX overview questions
- What is TSPX?
- TSPX is the ticker symbol for Manager Directed Portfolios - Twin Oak Active Opportunities ETF, an listed exchange-traded fund. TSPX is a high-conviction, non-diversified fund that aims to provide capital appreciation by investing in a mix of equities and fixed-income securities across the globe. The portfolio may include equity securities of any market capitalization and government or corporate bonds with varying maturities and credit qualities. Listed on CBOE. TSPX is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are TSPX's key statistics?
- Manager Directed Portfolios - Twin Oak Active Opportunities ETF (TSPX) carries a market capitalization of $246.4M, 52-week range of 26.159-30.95. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does TSPX belong to?
- Manager Directed Portfolios - Twin Oak Active Opportunities ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare TSPX's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the TSPX data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for TSPX, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.