3EDGE Just Trimmed Its SEIE Stake by $31.3 Million -- Here's What Investors Should Know

Andy Gould, The Motley Fool

Mon, May 18, 2026 at 4:41 PM EDT 4 min read

What happened

According to a recent SEC filing, 3EDGE Asset Management, LP, reduced its holdings in the SEI Select International Equity ETF (NASDAQ:SEIE) by 926,206 shares during the first quarter OF 2026. Using the quarter's average closing price, the estimated value of shares sold was approximately $31.3 million. As of March 31, 2026, the total position value had declined by $30.5 million from the prior quarter, reflecting both the shares sold and underlying price movement.

What else to know

• Following the filing, the SEIE stake represents 0.33% of 3EDGE's 13F reportable AUM -- a significant reduction from its prior quarter weighting.

• Top holdings after the filing:

  • NYSE: BIL: $713.9 million (34.5% of AUM)

  • NYSE: CLIP: $109.6 million (5.3% of AUM)

  • NYSE: HGER: $103.8 million (5.0% of AUM)

  • NYSE: SGOV: $102.0 million (4.9% of AUM)

  • NYSE: IVV: $100.2 million (4.8% of AUM)

• As of May 15, 2026, shares of SEIE were trading at $34.46, up roughly 27% over the past year -- outperforming the S&P 500 by roughly four percentage points, and outperforming its Foreign Large Blend category benchmark by roughly 0.8 percentage points.

ETF overview

ETF snapshot

The SEI Select International Equity ETF (SEIE) is a rules-based, exchange-traded fund that provides diversified exposure to equity markets outside the United States.

• Targeted toward institutional investors, financial advisors, and individual investors seeking international diversification beyond domestic equities.

• Uses a disciplined, rules-based security selection methodology.

What this transaction means for investors

At first glance, 3EDGE slashing its SEIE position by more than 80% might seem like a vote of no confidence in international equities. But that’s the thing about 13F filings -- we only know what was sold (and roughly when), but not why.

3EDGE Asset Management runs a broadly diversified portfolio -- with its largest holding being short-term Treasuries -- suggesting a defensive or risk-managed posture overall. But it's difficult to know exactly why the fund cut its SEIE stake so sharply, and an 80%-plus reduction is large enough that it could signal a genuine shift in conviction on international equities -- not just routine rebalancing.

That said, SEIE has gained roughly 27% over the past year, outpacing the S&P 500 by around four percentage points -- a strong run that alone could justify some profit-taking on the part of institutional holders managing to target weights.