SUIS — what changed in the latest 10-Q
A section-by-section comparison of SUIS's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-07 vs the prior 10-Q · 2026-05-13
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −5 | ~5 | 12 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 2 |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Risk factors
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-07
The net asset value per Share of $34.22 at May 11, 2026, was the highest during the quarter, compared with a low of $17.42 at June 25, 2026.
The decrease in net assets from operations for the quarter ended June 30, 2026, was $(5,154,333), resulting from a decrease in unrealized gain on the Trust’s SUI investment of $(5,196,026), realized losses on the disposition of SUI of $(2,607), staking income of $91,814, and Sponsor Fees incurred of…
* No comparative prior-year periods have been presented as the initial share purchase date of the Trust was February 17, 2026.
Period from Inception (February 17, 2026) through June 30, 2026
The decrease in net assets from operations for the period from inception (February 17, 2026) through June 30, 2026, was $(7,430,033), resulting from a decrease in unrealized gain on the Trust’s SUI investment of $(7,491,763), realized losses on the disposition of SUI of $(3,909), staking income of $…
Text removed vs the prior filing · source: 10-Q · 2026-05-13
The Trust’s net asset value decreased from $25,000,000 at February 17, 2026 (initial share purchase date), to $24,184,075 at March 31, 2026. The change in the Trust’s net assets resulted from an increase in outstanding Shares, which rose from 1,000,000 at February 17, 2026, to 1,060,000 at March 31,…
The net asset value per Share of $27.45 at March 16, 2026 was the highest during the period, compared with a low of $22.27 at March 30, 2026.
The decrease in net assets from operations for the period ended March 31, 2026, was $(2,275,700), resulting from a decrease in unrealized gain on the Trust’s SUI investment of $(2,295,737), realized losses on the disposition of SUI of $(1,302), staking income of $43,073, and Sponsor Fees incurred of…
* No comparative periods have been presented as the initial share purchase date of the Trust was February 17, 2026.
As of March 31, 2026, the Trust has not used, nor does it expect to use in the future, special purpose entities to facilitate off balance sheet financing arrangements and has no loan guarantee arrangements or off-balance sheet arrangements of any kind other than agreements entered into in the normal…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice