CIK: 0001992879
Total reported value
$528.0M
Reporting period: 2026-03-31 · Number of holdings: 185
Second Line Capital, LLC disclosed 185 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $528.0M and a quarterly turnover rate of 24.5%.
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Second Line Capital, LLC's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 185 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.53), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 32% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim FTSM
-91.1% -$12.8M
Trim RSP
-74.8% -$10.7M
Add DUBS
+57.8% $8.0M
Trim APP
+1.7% -$4.7M
Add SPY
+23.0% $6.5M
Add CRWV
+1.2% $2.7M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ACIO | Aptus Collared Invest Opp | ETF-Other | 10.85% | -0.39% | +1.25% | |
| 2 | DRSK | Aptus Defined Risk ETF | ETF-Other | 7.90% | +0.07% | +9.23% | |
| 3 | IDUB | Aptus Intl Enhan Yld ETF | ETF-Other | 7.04% | +0.25% | +2.39% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 5.46% | +0.88% | +23.04% | |
| 5 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 5.42% | +0.01% | -1.34% | |
| 6 | OSCV | Opus Small Cap Value ETF | ETF-Small Cap | 4.64% | +0.22% | +2.05% | |
| 7 | ADME | Aptus Drwdwn Mgd Eqty ETF | ETF-Other | 4.47% | -0.15% | -0.22% | |
| 8 | DUBS | Aptus Lrg Cap Enh Yld ETF | ETF-Other | 3.77% | +1.33% | +57.83% | |
| 9 | JUCY | Aptus Enhanced Yield ETF | ETF-Other | 3.77% | +0.01% | +8.98% | |
| 10 | SPEM | State Street Sp Ptf Em ETF | ETF-Other | 2.37% | +0.08% | +2.40% | |
| 11 | NVDA | Nvidia CORP | Stock-Tech | 1.83% | +0.01% | +2.09% | |
| 12 | APP | Applovin Corp-class A | Stock-Tech | 1.82% | -1.12% | +1.70% | |
| 13 | MSFT | Microsoft CORP | Stock-Tech | 1.48% | -0.35% | +4.42% | |
| 14 | AAPL | Apple INC | Stock-Tech | 1.42% | — | -1.46% | |
| 15 | CRWV | Coreweave Inc-cl A | Stock-Tech | 1.40% | +0.44% | +1.20% | |
| 16 | JPM | Jpmorgan Chase & Co | Stock-Financials | 1.28% | -0.22% | -4.50% | |
| 17 | AMZN | Amazon.com INC | Stock-Consumer Disc | 1.24% | +0.01% | -4.11% | |
| 18 | XOM | Exxon Mobil CORP | Stock-Energy | 1.21% | +0.15% | -4.18% | |
| 19 | PWR | Quanta Services INC | Stock-Industrials | 1.19% | +0.37% | -9.10% | |
| 20 | WMT | Walmart INC | Stock-Consumer Staples | 1.08% | +0.06% | -2.14% | |
| 21 | USFR | Wisdomtree Floating Rate Tre | ETF-Other | 1.04% | +0.03% | +12.27% | |
| 22 | CRDO | Credo Technology Group Holding Ltd | Stock-Tech | 0.98% | +0.98% | NEW | |
| 23 | FANG | Diamondback Energy INC | Stock-Energy | 0.94% | +0.15% | -6.04% | |
| 24 | OCUL | Ocular Therapeutix INC | Stock-Other | 0.94% | -0.31% | +5.50% | |
| 25 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.88% | — | +0.32% | |
| 26 | CVX | Chevron CORP | Stock-Energy | 0.86% | +0.13% | +1.37% | |
| 27 | BKAG | Bny Mellon Core Bond ETF | ETF-Other | 0.83% | — | +9.43% | |
| 28 | GLXY | Galaxy Digital Inc-a | Stock-Other | 0.81% | +0.81% | NEW | |
| 29 | TSLA | Tesla INC | Stock-Consumer Disc | 0.80% | -0.20% | +1.83% | |
| 30 | RSP | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.74% | -2.25% | -74.85% | |
| 31 | V | Visa Inc-class A Shares | Stock-Financials | 0.68% | — | -3.59% | |
| 32 | MARA | Mara Holdings INC | Stock-Financials | 0.60% | +0.14% | +5.99% | |
| 33 | CHE | Chemed CORP | Stock-Healthcare | 0.58% | — | -1.25% | |
| 34 | APLD | Applied Digital CORP | Stock-Tech | 0.56% | +0.56% | NEW | |
| 35 | AMT | American Tower CORP | Stock-Real Estate | 0.56% | — | -1.97% | |
| 36 | APH | Amphenol Corp-cl A | Stock-Tech | 0.54% | — | +6.62% | |
| 37 | HD | Home Depot INC | Stock-Consumer Disc | 0.54% | — | -5.67% | |
| 38 | PGR | Progressive CORP | Stock-Financials | 0.53% | -0.14% | -2.04% | |
| 39 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.49% | +0.49% | NEW | |
| 40 | UPSD | Aptus Large Cap Upside ETF | ETF-Large Cap & Growth | 0.48% | +0.08% | +27.69% | |
| 41 | CPRT | Copart INC | Stock-Industrials | 0.45% | -0.13% | +0.97% | |
| 42 | BR | Broadridge Financial Solutio | Stock-Tech | 0.43% | -0.26% | -1.16% | |
| 43 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.43% | — | +8.74% | |
| 44 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.42% | — | -18.04% | |
| 45 | JMST | JPM Ultra-short Muni Income | ETF-Other | 0.42% | — | +0.45% | |
| 46 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 0.40% | — | -4.75% | |
| 47 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.40% | — | +1.68% | |
| 48 | IJR | Ishares Core S&p Small-cap E | ETF-Small Cap | 0.40% | — | -11.54% | |
| 49 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.37% | +0.08% | +11.64% | |
| 50 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.33% | — | +3.77% |
Performance for Q3 2026
-0.4%
Performance Last 4 Quarters
+12.6%
Based on 72% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 185 | $528.0M | 25 | |
| 2025-12-31 | 172 | $486.6M | 12 | |
| 2025-09-30 | 160 | $483.1M | 29 | |
| 2025-06-30 | 149 | $430.4M | 0 | |
| 2025-03-31 | 145 | $388.1M | 0 | |
| 2024-12-31 | 131 | $370.9M | 0 | |
| 2024-09-30 | 136 | $366.9M | 0 | |
| 2024-06-30 | 115 | $326.9M | 0 | |
| 2024-03-31 | 114 | $308.3M | 0 | |
| 2023-12-31 | 102 | $249.9M | 0 |
Second Line Capital, LLC's most significant position changes for 2026-03-31: New buy: Credo Technology Group Holding Ltd (CRDO); New buy: Galaxy Digital Inc-a (GLXY); New buy: Applied Digital CORP (APLD); New buy: Invesco Nasdaq 100 ETF (QQQM); New buy: Janus Henderson Aaa Clo ETF (JAAA).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DUBS | Aptus Lrg Cap Enh Yld ETF | +1.3% | +57.83% | Add |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.9% | +23.04% | Add |
| 3 | CRWV | Coreweave Inc-cl A | +0.4% | +1.20% | Add |
| 4 | PWR | Quanta Services INC | +0.4% | -9.10% | Trim |
| 5 | IDUB | Aptus Intl Enhan Yld ETF | +0.3% | +2.39% | Add |
| 6 | OSCV | Opus Small Cap Value ETF | +0.2% | +2.05% | Add |
| 7 | XOM | Exxon Mobil CORP | +0.2% | -4.18% | Trim |
| 8 | FANG | Diamondback Energy INC | +0.2% | -6.04% | Trim |
| 9 | MARA | Mara Holdings INC | +0.1% | +5.99% | Add |
| 10 | INTC | Intel CORP | +0.1% | +79.89% | Add |
| 11 | CVX | Chevron CORP | +0.1% | +1.37% | Add |
| 12 | AMD | Advanced Micro Devices | +0.1% | +51.50% | Add |
| 13 | CSCO | Cisco Systems INC | +0.1% | +166.55% | Add |
| 14 | BP | Bp Plc-spons Adr | +0.1% | +81.32% | Add |
| 15 | SPEM | State Street Sp Ptf Em ETF | +0.1% | +2.40% | Add |
| 16 | UPSD | Aptus Large Cap Upside ETF | +0.1% | +27.69% | Add |
| 17 | GOOGL | Alphabet Inc-cl A | +0.1% | +11.64% | Add |
| 18 | AZO | Autozone INC | +0.1% | +75.82% | Add |
| 19 | DRSK | Aptus Defined Risk ETF | +0.1% | +9.23% | Add |
| 20 | WMT | Walmart INC | +0.1% | -2.14% | Trim |
| 21 | USFR | Wisdomtree Floating Rate Tre | 0% | +12.27% | Add |
| 22 | SPDW | Ste Str Spdr Pt Dw EU ETF | 0% | -1.34% | Trim |
| 23 | JUCY | Aptus Enhanced Yield ETF | 0% | +8.98% | Add |
| 24 | NVDA | Nvidia CORP | 0% | +2.09% | Add |
| 25 | AMZN | Amazon.com INC | 0% | -4.11% | Trim |
| 26 | LOW | Lowe's Cos INC | -0.1% | -47.31% | Trim |
| 27 | CPRT | Copart INC | -0.1% | +0.97% | Add |
| 28 | PGR | Progressive CORP | -0.1% | -2.04% | Trim |
| 29 | ADME | Aptus Drwdwn Mgd Eqty ETF | -0.2% | -0.22% | Trim |
| 30 | TSLA | Tesla INC | -0.2% | +1.83% | Add |
| 31 | NOW | Servicenow INC | -0.2% | +11.49% | Add |
| 32 | JPM | Jpmorgan Chase & Co | -0.2% | -4.50% | Trim |
| 33 | BR | Broadridge Financial Solutio | -0.3% | -1.16% | Trim |
| 34 | OCUL | Ocular Therapeutix INC | -0.3% | +5.50% | Add |
| 35 | MSFT | Microsoft CORP | -0.4% | +4.42% | Add |
| 36 | ACIO | Aptus Collared Invest Opp | -0.4% | +1.25% | Add |
| 37 | APP | Applovin Corp-class A | -1.1% | +1.70% | Add |
| 38 | RSP | Invesco S&p 500 Equal Weight | -2.3% | -74.85% | Trim |
| 39 | FTSM | First Trust Enh Short Mat Fd | -2.6% | -91.11% | Trim |
| 40 | CRDO | Credo Technology Group Holding Ltd | — | NEW | New buy |
| 41 | GLXY | Galaxy Digital Inc-a | — | NEW | New buy |
| 42 | APLD | Applied Digital CORP | — | NEW | New buy |
| 43 | QQQM | Invesco Nasdaq 100 ETF | — | NEW | New buy |
| 44 | JAAA | Janus Henderson Aaa Clo ETF | — | NEW | New buy |
| 45 | FCX | Freeport-mcmoran INC | — | NEW | New buy |
| 46 | CHDN | Churchill Downs INC | — | NEW | New buy |
| 47 | FUBOGBP | Fubotv INC | — | EXIT | Sold out |
| 48 | VUG | Vanguard Growth ETF | — | EXIT | Sold out |
| 49 | FPX | First Trust US Equity Opport | — | NEW | New buy |
| 50 | FUBO | Fubotv INC -class A | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-19 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-18 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-19 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-16 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-22 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-02-09 | 13F-HR | View on EDGAR |
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