Meet the Investor Betting UFO Disclosure Will Move Markets
Written by Christopher Sharp - 20 May 2026
Matthew Tuttle is no stranger to unconventional investments.
But with the Tuttle Capital UFO Disclosure ETF – ticker symbol UFOD – the chief executive and chief investment officer of Connecticut-based Tuttle Capital Management may have made the defining bet of his career: that UFO disclosure will not just reshape politics and culture, but markets too.
When Tuttle launched UFOD in February 2026, many could have dismissed it as a curiosity, another strange corner of thematic investing.
But less than three weeks later, President Donald Trump moved the subject from speculation into the centre of American political spectacle.
The White House’s recent rollout of UFO files has pushed the subject firmly into the political spotlight.
Since launching less than two weeks ago, the U.S. government’s UFO portal has attracted more than one billion page views, with further releases expected as the administration recognises both the public’s appetite for, and political value of, disclosure.
President Trump has also leaned into the spectacle personally, posting an AI-generated image on Truth Social showing him escorting a handcuffed alien.
Speaking to Liberation Times about the recent developments, Matthew Tuttle comments:
“As soon as Trump came in and said, I’m going to release the UFO files, my sense was, all right, there’s going to be no better time than now for this theme.”
However, Tuttle isn’t betting on non-humans being acknowledged.
He’s betting on the technology - whether it is human or non-human.
“We call it a UFO disclosure ETF. It’s really not about UFO disclosure. It’s about disclosure of technology that I think we’re sitting on,” Tuttle says.
He adds:
“If it’s alien, it’s more fun, but it doesn’t have to be alien. The concept is something called the secret gap. It’s the idea that whatever we see, the government is 20 to 30 years ahead.
“Our belief is there are other programs, specifically around energy and propulsion, that are being worked on outside of Congress, outside of the President.
“If they get back control of those programs, I think it is much more likely that they become available for commercial use, which fits my thesis perfectly.”
Energy and propulsion are the areas he watches most closely.
“The technologies that are the most interesting to me are energy and propulsion, because I also think those are technologies that can be unclassified,” he said.
He added: “We’ve got computers that can think, but we’re still using the same fuel source we’ve been using for, what, 150 years? It just doesn’t make any sense.”
For Tuttle, the clearest market trigger would be legal immunity and whistleblower protection.
If insiders from government or contractor-run programs are given a safe route to come forward, he believes the disclosure process could accelerate rapidly, potentially transforming UFOD from an eccentric thematic bet into a serious market play.
“What I’m laser-focused on is whistleblower protection,” he said.
“If I’m sitting there at Lockheed Martin working on one of these programs outside of Congressional authority, I’ve committed a crime. So why am I going to go testify in front of Congress and incriminate myself? I’m not. You’ve got to give me immunity.”
UFOD seeks capital appreciation by investing in companies which could benefit from government disclosure – that is, confirmation or exploitation of advanced technologies tied to what is officially known by the U.S. government as Unidentified Anomalous Phenomena or UAP.
The fund is actively managed and focuses on sectors such as aerospace, defence, advanced energy, materials science and related technology platforms.
The fund’s holdings show how that thesis is being translated into public markets.
As of 19 May 2026, UFOD’s top holdings included Amentum Holdings, Palantir Technologies, American Superconductor, Rocket Lab, Quanta Services, Lockheed Martin, Kratos Defense & Security Solutions, Keysight Technologies, SCHMID Group and IonQ.
Amentum was the fund’s largest listed holding, at 4.58 per cent, while Lockheed Martin was also among the top ten, at 2.81 per cent.
Amentum is one of UFOD’s more striking holdings.
Created in 2020 from AECOM’s former Management Services business, the company sits deep inside the U.S. national-security contracting world, with work spanning defence, intelligence, energy and test-range support.
Its own materials lists work on the U.S. Air Force’s Nevada Test and Training Range, and the company has described itself as the largest range support services provider in the world.
Lockheed Martin is another obvious and symbolically important holding.
The company has repeatedly appeared in UFO-related allegations about a failed effort to move materials of alleged non-human origin out of its hands, first through Bigelow Aerospace and later through a proposed Department of Homeland Security program known as KONA BLUE.
Asked how he chose the companies included in UFOD, Tuttle said the process came naturally from his background in thematic investing.
“Luckily for me, I do this for a living,” Tuttle said.
“We’re big into thematic investing, which means looking at a theme and asking: who are the obvious winners, who are the suppliers to those winners, and who are the asymmetric plays? In other words, which companies could potentially move 500% in a month if the thesis starts to play out?”
In today’s investing world, AI is the obvious story. For Tuttle, the more interesting question is what comes next, especially if defence, advanced technology and UFO disclosure begin to converge.
“Everyone’s talking AI. No one’s talking about the convergence trade, where you’re seeing this convergence between military and technology,” he said.
“I don’t even need zero-point energy to be real because we have the convergence trade that’s happening.”
But if hidden energy or propulsion technology did emerge, Tuttle argues the impact could dwarf today’s AI boom.
“Imagine free energy. That dwarfs what AI can do, which is why I love this investment thesis so much.”
Tuttle’s optimistic outlook on potential UFO disclosure puts him at odds with some of the more dramatic warnings around UFO disclosure.
A 2026 Deloitte paper treated UFO disclosure as a possible Black Swan event, warning that it could disrupt markets, public trust and social stability.
Former Bank of England analyst Helen McCaw has also urged financial authorities to prepare for ontological shock if alien life is confirmed, warning of possible market panic and loss of confidence in institutions.
But Tuttle is sceptical that the mere announcement of alien life would crash markets.
“I can’t put two and two together: aliens are real, I’m selling my stocks. Why?” he told Liberation Times.
For him, the real market shock would come if disclosure included technology.
In that scenario, he said, investors could start betting against oil and utility companies, because “there is still a use for petroleum, but not at $100 a barrel.”
