3EDGE Asset Management, LP, has significantly reduced its stake in the SEI Select International Equity ETF (SEIE), selling 926,206 shares valued at approximately $31.3 million during Q1 2026. This divestment has brought 3EDGE’s total position in SEIE down to 0.33% of its reportable assets under management (AUM), reflecting a notable shift from its previous quarter. Despite this reduction, SEIE has performed well, trading at $34.46 as of May 15, 2026, and showing a 27% increase over the past year, outperforming both the S&P 500 and its Foreign Large Blend benchmark.
The implications of this move are multifaceted. While the sharp cut in SEIE holdings might suggest a lack of confidence in international equities, it could also simply reflect profit-taking after a strong performance. With international equities gaining renewed interest due to stretched domestic valuations and a moderating U.S. dollar, the case for global diversification remains compelling for investors.
For market professionals, this development highlights the importance of contextualizing institutional moves within broader market trends. Investors should assess their own strategies regarding international exposure, considering options like SEIE or alternatives such as the Vanguard Total International Stock ETF (VXUS) and the iShares Core MSCI EAFE ETF (IEFA) for diversified foreign equity access.
Source: fool.com