SL

Second Line Capital, LLC

Diversified strategyMomentum followerQuality / disciplined sizing

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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Personality snowflake

Concentration
15.96
Portfolio Stability
24.5
Momentum/Contrarian
100
Sector conviction
60.49
Diversification
100
Sizing Uniformity
74.67

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1ACIOAptus Collared Invest OppETF-Other10.85%-0.39%+1.25%
2DRSKAptus Defined Risk ETFETF-Other7.90%+0.07%+9.23%
3IDUBAptus Intl Enhan Yld ETFETF-Other7.04%+0.25%+2.39%
4SPYSs Spdr S&p 500 ETF Trust-usETF-Large Cap & Growth5.46%+0.88%+23.04%
5SPDWSte Str Spdr Pt Dw EU ETFETF-Other5.42%+0.01%-1.34%
6OSCVOpus Small Cap Value ETFETF-Small Cap4.64%+0.22%+2.05%
7ADMEAptus Drwdwn Mgd Eqty ETFETF-Other4.47%-0.15%-0.22%
8DUBSAptus Lrg Cap Enh Yld ETFETF-Other3.77%+1.33%+57.83%
9JUCYAptus Enhanced Yield ETFETF-Other3.77%+0.01%+8.98%
10SPEMState Street Sp Ptf Em ETFETF-Other2.37%+0.08%+2.40%
11NVDANvidia CORPStock-Tech1.83%+0.01%+2.09%
12APPApplovin Corp-class AStock-Tech1.82%-1.12%+1.70%
13MSFTMicrosoft CORPStock-Tech1.48%-0.35%+4.42%
14AAPLApple INCStock-Tech1.42%—-1.46%
15CRWVCoreweave Inc-cl AStock-Tech1.40%+0.44%+1.20%
16JPMJpmorgan Chase & CoStock-Financials1.28%-0.22%-4.50%
17AMZNAmazon.com INCStock-Consumer Disc1.24%+0.01%-4.11%
18XOMExxon Mobil CORPStock-Energy1.21%+0.15%-4.18%
19PWRQuanta Services INCStock-Industrials1.19%+0.37%-9.10%
20WMTWalmart INCStock-Consumer Staples1.08%+0.06%-2.14%
21USFRWisdomtree Floating Rate TreETF-Other1.04%+0.03%+12.27%
22CRDOCredo Technology Group Holding LtdStock-Tech0.98%+0.98%NEW
23FANGDiamondback Energy INCStock-Energy0.94%+0.15%-6.04%
24OCULOcular Therapeutix INCStock-Other0.94%-0.31%+5.50%
25METAMeta Platforms Inc-class AStock-Comm Services0.88%—+0.32%
26CVXChevron CORPStock-Energy0.86%+0.13%+1.37%
27BKAGBny Mellon Core Bond ETFETF-Other0.83%—+9.43%
28GLXYGalaxy Digital Inc-aStock-Other0.81%+0.81%NEW
29TSLATesla INCStock-Consumer Disc0.80%-0.20%+1.83%
30RSPInvesco S&p 500 Equal WeightETF-Large Cap & Growth0.74%-2.25%-74.85%
31VVisa Inc-class A SharesStock-Financials0.68%—-3.59%
32MARAMara Holdings INCStock-Financials0.60%+0.14%+5.99%
33CHEChemed CORPStock-Healthcare0.58%—-1.25%
34APLDApplied Digital CORPStock-Tech0.56%+0.56%NEW
35AMTAmerican Tower CORPStock-Real Estate0.56%—-1.97%
36APHAmphenol Corp-cl AStock-Tech0.54%—+6.62%
37HDHome Depot INCStock-Consumer Disc0.54%—-5.67%
38PGRProgressive CORPStock-Financials0.53%-0.14%-2.04%
39QQQMInvesco Nasdaq 100 ETFETF-Tech0.49%+0.49%NEW
40UPSDAptus Large Cap Upside ETFETF-Large Cap & Growth0.48%+0.08%+27.69%
41CPRTCopart INCStock-Industrials0.45%-0.13%+0.97%
42BRBroadridge Financial SolutioStock-Tech0.43%-0.26%-1.16%
43EFAIshares Msci Eafe ETFETF-Other0.43%—+8.74%
44VOOVanguard S&p 500 ETFETF-Large Cap & Growth0.42%—-18.04%
45JMSTJPM Ultra-short Muni IncomeETF-Other0.42%—+0.45%
46IJHIshares Core S&p Midcap ETFETF-Other0.40%—-4.75%
47BRK-BBerkshire Hathaway Inc-cl BStock-Other0.40%—+1.68%
48IJRIshares Core S&p Small-cap EETF-Small Cap0.40%—-11.54%
49GOOGLAlphabet Inc-cl AStock-Comm Services0.37%+0.08%+11.64%
50QQQInvesco Qqq Trust Series 1ETF-Tech0.33%—+3.77%
1–50 of 185

Holding changes this quarter

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).

Position changes disclosed by Second Line Capital, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1DUBSAptus Lrg Cap Enh Yld ETF+1.3%+57.83%Add
2SPYSs Spdr S&p 500 ETF Trust-us+0.9%+23.04%Add
3CRWVCoreweave Inc-cl A+0.4%+1.20%Add
4PWRQuanta Services INC+0.4%-9.10%Trim
5IDUBAptus Intl Enhan Yld ETF+0.3%+2.39%Add
6OSCVOpus Small Cap Value ETF+0.2%+2.05%Add
7XOMExxon Mobil CORP+0.2%-4.18%Trim
8FANGDiamondback Energy INC+0.2%-6.04%Trim
9MARAMara Holdings INC+0.1%+5.99%Add
10INTCIntel CORP+0.1%+79.89%Add
11CVXChevron CORP+0.1%+1.37%Add
12AMDAdvanced Micro Devices+0.1%+51.50%Add
13CSCOCisco Systems INC+0.1%+166.55%Add
14BPBp Plc-spons Adr+0.1%+81.32%Add
15SPEMState Street Sp Ptf Em ETF+0.1%+2.40%Add
16UPSDAptus Large Cap Upside ETF+0.1%+27.69%Add
17GOOGLAlphabet Inc-cl A+0.1%+11.64%Add
18AZOAutozone INC+0.1%+75.82%Add
19DRSKAptus Defined Risk ETF+0.1%+9.23%Add
20WMTWalmart INC+0.1%-2.14%Trim
21USFRWisdomtree Floating Rate Tre0%+12.27%Add
22SPDWSte Str Spdr Pt Dw EU ETF0%-1.34%Trim
23JUCYAptus Enhanced Yield ETF0%+8.98%Add
24NVDANvidia CORP0%+2.09%Add
25AMZNAmazon.com INC0%-4.11%Trim
26LOWLowe's Cos INC-0.1%-47.31%Trim
27CPRTCopart INC-0.1%+0.97%Add
28PGRProgressive CORP-0.1%-2.04%Trim
29ADMEAptus Drwdwn Mgd Eqty ETF-0.2%-0.22%Trim
30TSLATesla INC-0.2%+1.83%Add
31NOWServicenow INC-0.2%+11.49%Add
32JPMJpmorgan Chase & Co-0.2%-4.50%Trim
33BRBroadridge Financial Solutio-0.3%-1.16%Trim
34OCULOcular Therapeutix INC-0.3%+5.50%Add
35MSFTMicrosoft CORP-0.4%+4.42%Add
36ACIOAptus Collared Invest Opp-0.4%+1.25%Add
37APPApplovin Corp-class A-1.1%+1.70%Add
38RSPInvesco S&p 500 Equal Weight-2.3%-74.85%Trim
39FTSMFirst Trust Enh Short Mat Fd-2.6%-91.11%Trim
40CRDOCredo Technology Group Holding Ltd—NEWNew buy
41GLXYGalaxy Digital Inc-a—NEWNew buy
42APLDApplied Digital CORP—NEWNew buy
43QQQMInvesco Nasdaq 100 ETF—NEWNew buy
44JAAAJanus Henderson Aaa Clo ETF—NEWNew buy
45FCXFreeport-mcmoran INC—NEWNew buy
46CHDNChurchill Downs INC—NEWNew buy
47FUBOGBPFubotv INC—EXITSold out
48VUGVanguard Growth ETF—EXITSold out
49FPXFirst Trust US Equity Opport—NEWNew buy
50FUBOFubotv INC -class A—NEWNew buy

FAQ

What is Second Line Capital, LLC and what type of investor is it?
Second Line Capital, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $528.0M, spread across 185 disclosed positions.
What are Second Line Capital, LLC's largest equity positions?
Based on the latest 13F filing, Second Line Capital, LLC's top holdings by market value are: 1. Aptus Collared Invest Opp (ACIO) — $57.3M (10.8%) 2. Aptus Defined Risk ETF (DRSK) — $41.7M (7.9%) 3. Aptus Intl Enhan Yld ETF (IDUB) — $37.2M (7.0%) 4. Ss Spdr S&p 500 ETF Trust-us (SPY) — $28.8M (5.5%) 5. Ste Str Spdr Pt Dw EU ETF (SPDW) — $28.6M (5.4%)
What changes did Second Line Capital, LLC make in its most recent portfolio filing?
In the latest reported quarter, Second Line Capital, LLC made 50 notable position adjustments: 9 new positions were initiated, 26 existing holdings were added to, 13 positions were partially reduced, and 2 were completely exited. The largest of these moves: 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)
What sectors does Second Line Capital, LLC focus on?
Second Line Capital, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 38.2% • Energy: 12.9% • Financials: 12.4% • Consumer Discretionary: 10.0% • Industrials: 7.5% • Communication Services: 5.2%

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