# Teucrium Wheat Fund (WEAT)

> Source: Nexqual · https://nexqual.com/WEAT · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Teucrium Wheat Fund (WEAT), nexqual.com/WEAT" · informational, not investment advice.

**Price:** USD 22.83 (-0.04% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 22.84 · day 22.78–22.94 · 52w 19.78–28.41 · market cap null · PCX

## Key facts
- 1 of 80 tracked superinvestors hold WEAT (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y +11.1% vs S&P 500 +13.4%; 5Y -39.4% vs S&P 500 +76.9%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $88.6M | -$66.4M | -$63.8M | -$39.4M | — | — |
| Net income | $82.4M | -$78.2M | -$73.5M | -$47.9M | -$26.5M | $13.9M |
| Net margin | 93.0% | 117.7% | 115.1% | 121.4% | — | — |
| Revenue growth | +43.6% | -174.9% | +3.9% | +38.2% | — | — |
| Cash + short-term investments | $252M | $434M | $292M | $211M | $205M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Mar 31, 2026)


## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold WEAT. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Van Den Berg Management I |  | 0.05% | $223K | New position |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +11.1% | -39.4% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +11.1% | -9.5% |
| Volatility (annualized) | 24.8% | 28.9% |
| Max drawdown | -18.5% (Aug 2026→Oct 2026) | -65.7% (May 2022→Dec 2025) |

## Peers
CORN (Teucrium Corn Fund ETV) USD 17.68 -0.56% · SOYB (Teucrium Soybean Fund ETV) USD 26.79 +0.56% · CANE (Teucrium Sugar Fund ETV) USD 12.15 +0.75% · DBA (Invesco DB Agriculture Fund) USD 27.87 -0.18% · CPER (United States Copper Index Fund) USD 39.06 +1.53%

## More
Full page: https://nexqual.com/WEAT · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt