Q4 2025 · 13F-HR
Second Line Capital, LLCholdings as filed
Filed 2026-02-17 · accession 0001992879-26-000002
$486.6M
Reported value
166
Positions
2025-12-31
Period end
The Brief · Second Line Capital, LLC · Q4 2025
AI · grounded in 13F
Second Line Capital, LLC closed its position in CREDO TECHNOLOGY GROUP HOLDI, reducing exposure by $4.28M. The fund also exited positions in MRVL and VRT, totaling $3.89M and $3.64M respectively. On the buy side, the fund established new positions in APH for $2.47M and J P MORGAN EXCHANGE TRADED F for $2.21M. Additionally, the fund increased its holdings in FTSM by 94.06%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 26922A222 | ACIO | ETF SER SOLUTIONS | $54.7M | 11.2% | 1,251,085 | Common | NONE |
| 26922A388 | DRSK | ETF SER SOLUTIONS | $38.1M | 7.83% | 1,338,657 | Common | NONE |
| 26922B709 | IDUB | ETF SER SOLUTIONS | $33.0M | 6.79% | 1,357,122 | Common | NONE |
| 78463X889 | SPDW | SPDR INDEX SHS FDS | $26.3M | 5.41% | 592,352 | Common | NONE |
| 26922A784 | ADME | ETF SER SOLUTIONS | $22.5M | 4.62% | 438,269 | Common | NONE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $22.3M | 4.58% | 32,602 | Common | NONE |
| 26922A446 | OSCV | ETF SER SOLUTIONS | $21.5M | 4.42% | 581,039 | Common | NONE |
| 26922B642 | JUCY | ETF SER SOLUTIONS | $18.3M | 3.76% | 825,140 | Common | NONE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $14.6M | 2.99% | 75,984 | Common | NONE |
| 03831W108 | APP | APPLOVIN CORP | $14.3M | 2.94% | 21,225 | Common | SOLE |
| 33739Q408 | FTSM | FIRST TR EXCHANGE-TRADED FD | $14.0M | 2.88% | 233,841 | Common | SOLE |
| 26922B535 | DUBS | ETF SER SOLUTIONS | $11.9M | 2.44% | 315,474 | Common | NONE |
| 78463X509 | SPEM | SPDR INDEX SHS FDS | $11.2M | 2.29% | 238,354 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $8.9M | 1.83% | 18,381 | Common | NONE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $8.8M | 1.82% | 47,395 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $7.6M | 1.57% | 28,137 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $7.3M | 1.50% | 22,645 | Common | NONE |
| 67576A100 | OCUL | OCULAR THERAPEUTIX INC | $6.1M | 1.25% | 500,746 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $6.0M | 1.23% | 25,836 | Common | NONE |
| 30231G102 | XOM | EXXON MOBIL CORP | $5.2M | 1.07% | 43,063 | Common | NONE |
| 30303M102 | META | META PLATFORMS INC | $5.0M | 1.03% | 7,592 | Common | SOLE |
| 931142103 | WMT | WALMART INC | $5.0M | 1.02% | 44,338 | Common | NONE |
| 97717Y527 | USFR | WISDOMTREE TR | $4.9M | 1.01% | 97,198 | Common | NONE |
| 88160R101 | TSLA | TESLA INC | $4.9M | 1.01% | 10,874 | Common | NONE |
| 21873S108 | CRWV | COREWEAVE INC | $4.7M | 0.96% | 65,456 | Common | SOLE |
| 09661T602 | BKAG | BNY MELLON ETF TRUST | $4.0M | 0.83% | 95,067 | Common | NONE |
| 74762E102 | QURE | QUANTA SVCS INC | $4.0M | 0.82% | 9,488 | Common | NONE |
| 92826C839 | V | VISA INC | $4.0M | 0.81% | 11,302 | Common | NONE |
| 25278X109 | FANG | DIAMONDBACK ENERGY INC | $3.9M | 0.79% | 25,702 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $3.6M | 0.73% | 23,293 | Common | SOLE |
| 11133T103 | BR | BROADRIDGE FINL SOLUTIONS IN | $3.4M | 0.69% | 14,979 | Common | NONE |
| 743315103 | PGR | PROGRESSIVE CORP | $3.2M | 0.67% | 14,241 | Common | NONE |
| 437076102 | HD | HOME DEPOT INC | $3.2M | 0.65% | 9,226 | Common | NONE |
| 16359R103 | CHE | CHEMED CORP NEW | $3.1M | 0.64% | 7,252 | Common | NONE |
| 03027X100 | AMT | AMERICAN TOWER CORP NEW | $2.9M | 0.60% | 16,373 | Common | NONE |
| 217204106 | CPRT | COPART INC | $2.8M | 0.58% | 71,825 | Common | NONE |
| 81762P102 | NOW | SERVICENOW INC | $2.6M | 0.54% | 17,086 | Common | NONE |
| 922908363 | VOO | VANGUARD INDEX FDS | $2.6M | 0.53% | 4,129 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW | $2.5M | 0.51% | 18,247 | Common | NONE |
| 565788106 | MARA | MARA HOLDINGS INC | $2.2M | 0.46% | 248,887 | Common | SOLE |
| 46641Q654 | JMST | J P MORGAN EXCHANGE TRADED F | $2.2M | 0.45% | 43,311 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $2.2M | 0.45% | 4,395 | Common | NONE |
| 464287804 | IJR | ISHARES TR | $2.1M | 0.42% | 17,198 | Common | NONE |
| 464287507 | IJH | ISHARES TR | $2.0M | 0.42% | 30,684 | Common | NONE |
| 26922B444 | UPSD | ETF SER SOLUTIONS | $2.0M | 0.40% | 73,262 | Common | SOLE |
| 464287465 | EFA | ISHARES TR | $1.9M | 0.40% | 20,260 | Common | NONE |
| 464287200 | IVV | ISHARES TR | $1.6M | 0.32% | 2,307 | Common | NONE |
| 46090E103 | QQQ | INVESCO QQQ TR | $1.5M | 0.32% | 2,519 | Common | NONE |
| 02079K305 | GOOGL | ALPHABET INC | $1.4M | 0.29% | 4,526 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $1.1M | 0.24% | 4,756 | Common | NONE |
| 26922B451 | DEFR | ETF SER SOLUTIONS | $1.1M | 0.22% | 39,726 | Common | NONE |
| 35953D104 | FUBOGBP | FUBOTV INC | $1.0M | 0.21% | 397,612 | Common | SOLE |
| 842587107 | SO | SOUTHERN CO | $932,240 | 0.19% | 10,691 | Common | NONE |
| 742718109 | PG | PROCTER AND GAMBLE CO | $929,187 | 0.19% | 6,484 | Common | NONE |
| 11135F101 | AVGO | BROADCOM INC | $882,415 | 0.18% | 2,550 | Common | NONE |
| 478160104 | JNJ | JOHNSON & JOHNSON | $880,100 | 0.18% | 4,253 | Common | NONE |
| 68389X105 | ORCL | ORACLE CORP | $871,443 | 0.18% | 4,471 | Common | NONE |
| 78464A847 | SPMD | SPDR SERIES TRUST | $857,425 | 0.18% | 14,806 | Common | NONE |
| 00206R102 | T | AT&T INC | $782,214 | 0.16% | 31,490 | Common | SOLE |
| 191216100 | KO | COCA COLA CO | $672,669 | 0.14% | 9,622 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $654,854 | 0.13% | 11,906 | Common | NONE |
| 921909768 | VXUS | VANGUARD STAR FDS | $641,240 | 0.13% | 8,500 | Common | SOLE |
| 46641Q837 | JPST | J P MORGAN EXCHANGE TRADED F | $637,175 | 0.13% | 12,581 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $636,765 | 0.13% | 2,897 | Common | SOLE |
| 922908736 | VUG | VANGUARD INDEX FDS | $615,547 | 0.13% | 1,262 | Common | NONE |
| 464287457 | SHY | ISHARES TR | $599,617 | 0.12% | 7,240 | Common | NONE |
| 58933Y105 | MRK | MERCK & CO INC | $599,580 | 0.12% | 5,650 | Common | NONE |
| 20825C104 | COP | CONOCOPHILLIPS | $547,595 | 0.11% | 5,850 | Common | NONE |
| 78463V107 | GLD | SPDR GOLD TR | $545,323 | 0.11% | 1,376 | Common | NONE |
| 22788C105 | CRWD | CROWDSTRIKE HLDGS INC | $544,699 | 0.11% | 1,162 | Common | NONE |
| 149123101 | CAT | CATERPILLAR INC | $537,925 | 0.11% | 939 | Common | SOLE |
| 41013T105 | PDT | HANCOCK JOHN PREM DIVID FD | $521,952 | 0.11% | 41,099 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $518,900 | 0.11% | 153 | Common | SOLE |
| 92532F100 | VRTX | VERTEX PHARMACEUTICALS INC | $518,644 | 0.11% | 1,144 | Common | NONE |
| 532457108 | LLY | ELI LILLY & CO | $513,795 | 0.11% | 478 | Common | NONE |
| 29273V100 | ET | ENERGY TRANSFER L P | $509,107 | 0.10% | 30,874 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $492,782 | 0.10% | 2,301 | Common | NONE |
| 75513E101 | RTX | RTX CORPORATION | $485,463 | 0.10% | 2,647 | Common | SOLE |
| 78468R853 | SPSM | SPDR SERIES TRUST | $477,774 | 0.10% | 10,196 | Common | NONE |
| 459200101 | IBM | INTERNATIONAL BUSINESS MACHS | $467,716 | 0.10% | 1,579 | Common | SOLE |
| 49456B101 | KMI | KINDER MORGAN INC DEL | $453,612 | 0.09% | 16,501 | Common | SOLE |
| 92204A702 | VGT | VANGUARD WORLD FD | $444,730 | 0.09% | 590 | Common | NONE |
| 02209S103 | MO | ALTRIA GROUP INC | $443,244 | 0.09% | 7,548 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $414,606 | 0.09% | 3,213 | Common | SOLE |
| 055622104 | BP | BP PLC | $410,391 | 0.08% | 11,817 | Common | SOLE |
| 172967424 | C | CITIGROUP INC | $399,739 | 0.08% | 3,426 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $393,651 | 0.08% | 1,288 | Common | NONE |
| 922908769 | VTI | VANGUARD INDEX FDS | $386,566 | 0.08% | 1,153 | Common | NONE |
| 808524797 | SCHD | SCHWAB STRATEGIC TR | $378,561 | 0.08% | 13,801 | Common | NONE |
| 194162103 | CL | COLGATE PALMOLIVE CO | $376,925 | 0.08% | 4,770 | Common | NONE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $372,400 | 0.08% | 837 | Common | NONE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $361,273 | 0.07% | 20,375 | Common | SOLE |
| 81369Y803 | XLK | SELECT SECTOR SPDR TR | $357,819 | 0.07% | 2,485 | Common | NONE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $356,388 | 0.07% | 916 | Common | SOLE |
| 78468R804 | LGLV | SPDR SERIES TRUST | $352,152 | 0.07% | 2,006 | Common | NONE |
| 46435G524 | IGRO | ISHARES TR | $351,240 | 0.07% | 4,244 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $351,177 | 0.07% | 8,622 | Common | SOLE |
| 369604301 | GE | GE AEROSPACE | $349,534 | 0.07% | 1,133 | Common | NONE |
| 46120E602 | ISRG | INTUITIVE SURGICAL INC | $348,878 | 0.07% | 616 | Common | NONE |
| 33738R704 | AIRR | FIRST TR EXCHANGE TRADED FD | $345,693 | 0.07% | 3,516 | Common | NONE |
| 46435G326 | IDEV | ISHARES TR | $340,921 | 0.07% | 4,133 | Common | NONE |
| 00287Y109 | ABBV | ABBVIE INC | $339,175 | 0.07% | 1,484 | Common | NONE |
| G8994E103 | TT | TRANE TECHNOLOGIES PLC | $330,478 | 0.07% | 849 | Common | NONE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $328,794 | 0.07% | 996 | Common | NONE |
| 81369Y605 | XLF | SELECT SECTOR SPDR TR | $326,466 | 0.07% | 5,961 | Common | NONE |
| G54950103 | LIN | LINDE PLC | $323,823 | 0.07% | 759 | Common | SOLE |
| 464288158 | SUB | ISHARES TR | $319,033 | 0.07% | 2,990 | Common | NONE |
| 01881G106 | AB | ALLIANCEBERNSTEIN HLDG L P | $314,409 | 0.06% | 8,171 | Common | SOLE |
| 464287739 | IYR | ISHARES TR | $307,905 | 0.06% | 3,279 | Common | NONE |
| 74460D109 | PSA | PUBLIC STORAGE OPER CO | $304,653 | 0.06% | 1,174 | Common | SOLE |
| 81369Y209 | XLV | SELECT SECTOR SPDR TR | $298,957 | 0.06% | 1,931 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $298,713 | 0.06% | 2,608 | Common | NONE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $289,769 | 0.06% | 3,609 | Common | NONE |
| 17275R102 | CSCO | CISCO SYS INC | $289,210 | 0.06% | 3,755 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $287,785 | 0.06% | 2,297 | Common | NONE |
| 620076307 | MSI | MOTOROLA SOLUTIONS INC | $281,549 | 0.06% | 732 | Common | NONE |
| 49714P108 | KNSL | KINSALE CAP GROUP INC | $275,740 | 0.06% | 705 | Common | NONE |
| 03676B102 | AM | ANTERO MIDSTREAM CORP | $273,610 | 0.06% | 15,380 | Common | SOLE |
| 78464A508 | SPYV | SPDR SERIES TRUST | $265,928 | 0.05% | 4,681 | Common | SOLE |
| 969457100 | WMB | WILLIAMS COS INC | $265,312 | 0.05% | 4,414 | Common | SOLE |
| 921946406 | VYM | VANGUARD WHITEHALL FDS | $264,712 | 0.05% | 1,844 | Common | NONE |
| 09260D107 | BX | BLACKSTONE INC | $262,192 | 0.05% | 1,701 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $257,233 | 0.05% | 820 | Common | SOLE |
| 78464A409 | SPYG | SPDR SERIES TRUST | $257,040 | 0.05% | 2,409 | Common | SOLE |
| 78468R663 | BIL | SPDR SERIES TRUST | $256,768 | 0.05% | 2,810 | Common | NONE |
| 020002101 | ALL | ALLSTATE CORP | $254,829 | 0.05% | 1,218 | Common | SOLE |
| 78464A631 | XAR | SPDR SERIES TRUST | $251,493 | 0.05% | 1,043 | Common | NONE |
| 33738R100 | MDIV | FIRST TR EXCHANGE TRADED FD | $248,455 | 0.05% | 15,805 | Common | NONE |
| 64110L106 | NFLX | NETFLIX INC | $247,058 | 0.05% | 2,635 | Common | NONE |
| 302635206 | FSK | FS KKR CAP CORP | $246,846 | 0.05% | 16,668 | Common | SOLE |
| 78464A201 | SLYG | SPDR SERIES TRUST | $246,098 | 0.05% | 2,613 | Common | NONE |
| 25179M103 | DVN | DEVON ENERGY CORP NEW | $245,273 | 0.05% | 6,696 | Common | NONE |
| 464288414 | MUB | ISHARES TR | $243,889 | 0.05% | 2,277 | Common | NONE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $242,039 | 0.05% | 1,314 | Common | NONE |
| 46434V613 | IUSB | ISHARES TR | $240,984 | 0.05% | 5,178 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $240,881 | 0.05% | 2,948 | Common | NONE |
| 745867101 | PHM | PULTE GROUP INC | $240,323 | 0.05% | 2,045 | Common | NONE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $240,318 | 0.05% | 1,352 | Common | NONE |
| 097023105 | BA | BOEING CO | $238,398 | 0.05% | 1,098 | Common | SOLE |
| 049560105 | ATO | ATMOS ENERGY CORP | $235,185 | 0.05% | 1,403 | Common | NONE |
| 78464A854 | SPYM | SPDR SERIES TRUST | $231,194 | 0.05% | 2,882 | Common | SOLE |
| 92939U106 | WEC | WEC ENERGY GROUP INC | $230,641 | 0.05% | 2,187 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $229,357 | 0.05% | 1,417 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $227,956 | 0.05% | 393 | Common | NONE |
| 94106L109 | WM | WASTE MGMT INC DEL | $227,620 | 0.05% | 1,036 | Common | SOLE |
| 038222105 | AMAT | APPLIED MATLS INC | $226,665 | 0.05% | 882 | Common | NONE |
| 464287655 | IWM | ISHARES TR | $225,445 | 0.05% | 916 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $225,119 | 0.05% | 1,154 | Common | NONE |
| 293792107 | EPD | ENTERPRISE PRODS PARTNERS L | $224,668 | 0.05% | 7,008 | Common | SOLE |
| 863667101 | SYK | STRYKER CORPORATION | $223,934 | 0.05% | 636 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $223,097 | 0.05% | 6,046 | Common | NONE |
| 040413205 | ANET | ARISTA NETWORKS INC | $223,013 | 0.05% | 1,702 | Common | SOLE |
| 46434V621 | DGRO | ISHARES TR | $219,992 | 0.05% | 3,169 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $219,041 | 0.05% | 816 | Common | NONE |
| 55336V100 | MPLX | MPLX LP | $216,256 | 0.04% | 4,052 | Common | SOLE |
| 92203J407 | BNDX | VANGUARD CHARLOTTE FDS | $213,091 | 0.04% | 4,410 | Common | SOLE |
| 78409V104 | SPGI | S&P GLOBAL INC | $208,200 | 0.04% | 398 | Common | NONE |
| 112830104 | RA | BROOKFIELD REAL ASSETS INCOM | $206,523 | 0.04% | 15,935 | Common | SOLE |
| 81369Y886 | XLU | SELECT SECTOR SPDR TR | $206,334 | 0.04% | 4,833 | Common | NONE |
| 31428X106 | FDX | FEDEX CORP | $203,507 | 0.04% | 701 | Common | NONE |
| 00302M106 | XAGDX | ABRDN GLOBAL DYNAMIC DIVIDEN | $153,474 | 0.03% | 13,028 | Common | SOLE |
| 67066V101 | NAD | NUVEEN QUALITY MUNCP INCOME | $134,816 | 0.03% | 11,216 | Common | SOLE |
| 53681J103 | LAC | LITHIUM AMERS CORP NEW | $80,224 | 0.02% | 18,400 | Common | NONE |
| 92333F101 | VG | VENTURE GLOBAL INC | $79,917 | 0.02% | 11,718 | Common | SOLE |
| 30290Y101 | FSCO | FS CREDIT OPPORTUNITIES CORP | $72,280 | 0.01% | 11,473 | Common | SOLE |
| 02462A104 | ABTC | AMERICAN BITCOIN CORP. | $33,448 | 0.01% | 19,675 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.