Black Swift Group, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Black Swift Group, LLC reported 114 stock positions worth $441.8 million. Its top holding was SS SPDR P S&P 500 Growth ETF (SPYG) at 18.7% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 6.4%) and Invesco S&P 500 Equal Weight (RSP, 6.4%). Compared with Q4 2024, it opened 28 new positions, sold out of 33, added to 41 and reduced 36. The biggest buy was iShares Russell Mid-Cap Grow (IWP, shares +324%) and the biggest sale SS SPDR P S&P 500 Growth ETF (SPYG, shares −23%).

Most Recent 13F
Q2 2026
Location
BOULDER, CO
CIK
0001704212
Portfolio Value
$441.8M (Q1 2025)
SEC Filing
0001704212-25-000003 ↗ filed May 6, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $390.0M Q1 2024 Q2 2024: $432.6M Q2 2024 Q3 2024: $452.8M Q3 2024 Q4 2024: $471.2M Q4 2024 Q1 2025: $441.8M $441.8M Q1 2025 Q2 2025: $495.0M Q2 2025 Q3 2025: $567.0M Q3 2025 Q4 2025: $598.4M Q4 2025 Q1 2026: $570.6M Q1 2026 Q2 2026: $691.6M Q2 2026

Holdings 114 stocks · $441.8M
SPYG SS SPDR P S&P 500 Growth ETF 18.68% 1,026,913 $82.5M Reduce -23.3%
SPY SS SPDR S&P 500 ETF Trust-US 6.43% 50,749 $28.4M Add +63.8%
RSP Invesco S&P 500 Equal Weight 6.40% 163,313 $28.3M Add +11.1%
IWF iShares Russell 1000 Growth 5.80% 70,985 $25.6M Reduce -8.7%
IWP iShares Russell Mid-Cap Grow 5.03% 189,196 $22.2M Add +323.8%
XLK SS Technology Select Sector 4.70% 100,537 $20.8M Reduce -19.2%
XLE SS Energy Select Sector 3.54% 167,317 $15.6M Reduce -8.1%
GSEW Goldman Sachs Eql WGHT Large 3.13% 181,952 $13.8M Add +308.0%
CLOZ Eldridge BBB-B Clo ETF 3.06% 509,455 $13.5M Reduce -16.8%
AIQ Global X Art Intel & Tech 2.10% 255,423 $9.3M Reduce -31.1%
IGV iShares Expanded Tech-Softwa 2.01% 99,725 $8.9M Add +30.1%
IBDR iShares Ibonds Dec 2026 Term 1.81% 330,520 $8.0M Add +217.8%
CRWD CrowdStrike Holdings Inc. Class A 1.77% 22,225 $7.8M Add +9.5%
EWZ iShares MSCI Brazil ETF 1.62% 276,870 $7.2M New
AIRR First Trust Rba American Ind 1.53% 98,815 $6.7M Add +125.3%
JAAA Janus Henderson Aaa Clo ETF 1.43% 124,515 $6.3M Add +495.8%
AMZN Amazon.com Inc. 1.23% 28,484 $5.4M Add +68.9%
GRID First TRST Nasd Class Edg Sgiif 1.09% 42,737 $4.8M Add +36.4%
NOW ServiceNow Inc. 0.96% 5,352 $4.3M New
GTEK GS Future Tech Leaders Eq 0.92% 137,320 $4.1M New
PFFA Virtus Infracap US Pref STCK 0.87% 181,390 $3.8M Reduce -35.1%
MSDL Morgan Stanley Direct Lendin 0.77% 170,655 $3.4M Add +597.4%
SPYM Ste STR SPDR PT S&P 500 ETF 0.76% 50,913 $3.3M New
ET Energy Transfer LP 0.73% 174,265 $3.2M Add +444.6%
TKO Tko Group Holdings Inc. 0.72% 20,950 $3.2M Reduce -1.9%
VOO Vanguard S&P 500 ETF 0.71% 6,145 $3.2M Reduce -3.0%
KKR KKR & Co. Inc. 0.69% 26,350 $3.0M New
OEF iShares S&P 100 ETF 0.67% 11,000 $3.0M No change
SNOW Snowflake Inc. 0.67% 20,115 $2.9M Add +283.1%
MELI MercadoLibre Inc. 0.66% 1,500 $2.9M Add +252.9%
FCX Freeport-McMoran Inc. 0.66% 77,210 $2.9M Add +251.6%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.58% 120,310 $2.6M Add +104.6%
BOXX Alpha Architect 1-3 MNTH Box 0.58% 23,000 $2.6M Add +21.1%
ISRG Intuitive Surgical Inc. 0.57% 5,108 $2.5M Add +11.0%
BRK.B Berkshire Hathaway Inc. Class B 0.56% 4,675 $2.5M Reduce -14.7%
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.55% 74,615 $2.4M Reduce -2.3%
BKLN Invesco Senior Loan ETF 0.54% 116,175 $2.4M Add +4.8%
IBTG iShares Ibonds Dec 2026 Term 0.54% 104,450 $2.4M Reduce -6.5%
MLPA Global X MLP ETF 0.52% 42,800 $2.3M Reduce -1.1%
CCL Carnival Corp. 0.50% 113,500 $2.2M New
AGNG GLB X Aging Population ETF 0.47% 66,935 $2.1M Reduce -22.3%
GS Goldman Sachs Group Inc. 0.46% 3,728 $2.0M New
CLOX Eldridge Aaa Clo ETF 0.46% 79,245 $2.0M Reduce -33.6%
BIZD Vaneck BDC Income ETF 0.43% 112,140 $1.9M Reduce -60.6%
NVDA Nvidia Corp. 0.39% 15,809 $1.7M Add +145.1%
NET Cloudflare Inc. Class A 0.37% 14,350 $1.6M New
CLOI Vaneck Clo ETF 0.37% 30,585 $1.6M Reduce -6.8%
NUKZ Range Nuclear Renaissance filed as EXCHANGE TRADED CONCEPTS TRU 0.36% 42,265 $1.6M Add +117.1%
LLY Eli Lilly & Co. 0.35% 1,897 $1.6M Add +65.7%
NKE Nike Inc. Class B 0.35% 24,500 $1.6M New
EXCHANGE TRADED CONCEPTS TRU 0.35% 52,880 $1.5M New
NTRA Natera Inc. 0.34% 10,750 $1.5M Add +39.6%
XME SS SPDR S&P Metals Mining 0.34% 26,805 $1.5M New
JPM JPMorgan Chase & Co. 0.32% 5,759 $1.4M Add +0.7%
FOUR SHIFT4 Payments Inc. Class A 0.32% 17,250 $1.4M Reduce -28.9%
AAPL Apple Inc. 0.31% 6,248 $1.4M Reduce -44.5%
LYV Live Nation Entertainment Inc. 0.30% 10,000 $1.3M New
IXC iShares Global Energy ETF 0.27% 28,090 $1.2M Reduce -10.2%
XLI SS Industrial Select Sector 0.26% 8,820 $1.2M Reduce -83.7%
PLD Prologis Inc. 0.25% 9,790 $1.1M Add +7.0%
IAI iShares U.S. Broker-Dealers 0.24% 7,695 $1.1M New
IWO iShares Russell 2000 Growth 0.24% 4,214 $1.1M Reduce -85.3%
BA The Boeing Co. 0.23% 6,024 $1.0M Add +0.4%
O Realty Income Corp. 0.23% 17,595 $1.0M Add +137.8%
COPX Global X Copper Miners ETF 0.22% 25,350 $990K Add +5.2%
IVV iShares Core S&P 500 ETF 0.22% 1,751 $984K Add +114.8%
MU Micron Technology Inc. 0.22% 11,050 $960K Add +333.3%
IJR iShares Core S&P Small-Cap E 0.21% 8,794 $920K Reduce -82.8%
META Meta Platforms Inc. Class A 0.21% 1,575 $908K Reduce -76.2%
RING iShares MSCI Global Gold Min 0.20% 23,450 $900K Reduce -14.3%
IBDQ iShares Ibonds Dec 2025 Term 0.20% 34,250 $861K Reduce -6.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.19% 2,271 $842K Add +1.2%
EXCHANGE TRADED CONCEPTS TRU 0.18% 40,390 $797K New
RIET Hoya Capital Hi DVD YLD ETF 0.18% 78,485 $787K New
VFC VF Corp. 0.18% 50,000 $776K New
IBDS Ishrs Ibnds Dec 27 Corp. ETF 0.16% 29,600 $716K Add +20.6%
BAI Ishrs AI in and Tech Act ETF 0.16% 31,450 $688K Reduce -2.9%
C Citigroup Inc. 0.16% 9,681 $687K Add +1.9%
FLOT iShares Floating Rate Bond E 0.15% 12,830 $655K Add +9.0%
IBIT iShares Bitcoin Trust ETF 0.15% 13,800 $646K No change
BUG Global X Cybersecurity ETF 0.14% 19,360 $626K Reduce -23.8%
HIG Hartford Insurance Group Inc. 0.14% 5,000 $619K No change
TPYP Managed Portfolio Series 0.14% 16,970 $617K Add +48.7%
XOP SS SPDR S&P Og Exp & Prod 0.13% 4,295 $566K Reduce -40.5%
CVX Chevron Corp. 0.12% 3,244 $543K Add +1.5%
XHYE Bondbloxx Usd HY Bond Energy 0.12% 13,870 $535K Add +11.1%
IWB iShares Russell 1000 ETF 0.10% 1,494 $458K New
MSFT Microsoft Corp. 0.10% 1,204 $452K Reduce -92.1%
SPMC Sound Point Meridian Capital 0.10% 22,500 $449K No change
ARCC Ares Capital Corp. 0.10% 20,000 $443K New
GDX Vaneck Gold Miners ETF 0.10% 9,550 $439K Reduce -10.5%
GOVT iShares US Treasury Bond ETF 0.10% 19,064 $438K New
IBTF iShares Ibonds Dec 2025 Term 0.10% 18,500 $432K Reduce -10.7%
HOOD Robinhood Markets Inc. Class A 0.09% 10,000 $416K New
EPD Enterprise Products Partners 0.09% 12,000 $410K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 9,540 $398K Add +3.1%
OBDC Blue Owl Capital Corp. 0.09% 26,500 $388K New
GTLB Gitlab Inc. Class A 0.08% 7,950 $374K Reduce -6.5%
SHOP Shopify Inc. Class A 0.08% 3,800 $363K New
VV Vngrd Mrgstr LRG-Cap ETF-Usd 0.07% 1,286 $330K New
FBND Fidelity Total Bond ETF 0.07% 7,109 $325K New
JBBB Janus Henderson B-BBB Clo Et 0.07% 6,650 $324K Reduce -27.3%
IVW iShares S&P 500 Growth ETF 0.07% 3,435 $319K New
PICK iShares MSCI Global Metals & 0.07% 8,800 $316K No change
IHI iShares U.S. Medical Devices 0.07% 5,030 $303K Reduce -35.9%
VEA Vanguard Ftse Developed ETF 0.06% 5,589 $284K New
IVE iShares S&P 500 Value ETF 0.06% 1,457 $278K New
VTI VG Morningstar TS MKT ETF-US 0.06% 942 $259K No change
GLPI Gaming and Leisure Propertie 0.05% 4,705 $239K Add +4.4%
GOOGL Alphabet Inc. Class A 0.05% 1,450 $224K Add +16.0%
SCHX Schwab US Large-Cap ETF 0.05% 9,578 $211K No change
REAL BROKERAGE INC/THE filed as THE REAL BROKERAGE INC 0.04% 40,000 $162K No change
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.03% 11,750 $120K Reduce -94.7%
MIND MEDICINE MINDMED INC 0.01% 10,713 $63K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $444K (not counted above)
SecurityClassShares / PrincipalValueChange
WELLS FARGO & COMPANY (WFC 7.5 PERP L) PERP PFD CNV A 370$444KNo change

Total filed on the 13F, all lines: $442.3M.

Portfolio Sells Q4 2024 → Q1 2025
SPYG SS SPDR P S&P 500 Growth ETF Reduce -23.3% 18.68% −6.30
QQQ Invesco QQQ Trust Series 1 Sold out 0.00% −1.96
IWO iShares Russell 2000 Growth Reduce -85.3% 0.24% −1.51
XLK SS Technology Select Sector Reduce -19.2% 4.70% −1.44
MSFT Microsoft Corp. Reduce -92.1% 0.10% −1.26
XLI SS Industrial Select Sector Reduce -83.7% 0.26% −1.25
IJR iShares Core S&P Small-Cap E Reduce -82.8% 0.21% −1.05
AIQ Global X Art Intel & Tech Reduce -31.1% 2.10% −0.94
EPI Wisdomtree India Earnings Sold out 0.00% −0.88
IWF iShares Russell 1000 Growth Reduce -8.7% 5.80% −0.82
HD Home Depot Inc. Sold out 0.00% −0.62
META Meta Platforms Inc. Class A Reduce -76.2% 0.21% −0.62
BIZD Vaneck BDC Income ETF Reduce -60.6% 0.43% −0.58
HPE Hewlett Packard Enterprise Sold out 0.00% −0.52
DXJ Wisdomtree Japan Hedged Eq Sold out 0.00% −0.51
IMCG iShares Morningstar Mid-Cap Sold out 0.00% −0.51
GLW Corning Inc. Sold out 0.00% −0.50
ORCL Oracle Corp. Sold out 0.00% −0.48
SMH Vaneck Semiconductor ETF Sold out 0.00% −0.46
CCJ Cameco Corp. Sold out 0.00% −0.46
NU Nu Holdings Ltd./Cayman Isl-A Reduce -94.7% 0.03% −0.46
CLOZ Eldridge BBB-B Clo ETF Reduce -16.8% 3.06% −0.44
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.44
PFFA Virtus Infracap US Pref STCK Reduce -35.1% 0.87% −0.43
COHR Coherent Corp. Sold out 0.00% −0.41
SCCO Southern Copper Corp. Sold out 0.00% −0.36
LITE Lumentum Holdings Inc. Sold out 0.00% −0.29
AAPL Apple Inc. Reduce -44.5% 0.31% −0.28
AVUV Avantis US Small Cap Value Sold out 0.00% −0.28
SPG Simon Property Group Inc. Sold out 0.00% −0.26
FOUR SHIFT4 Payments Inc. Class A Reduce -28.9% 0.32% −0.22
IWM iShares Russell 2000 ETF Sold out 0.00% −0.21
COM Direxion Auspice BRD Cmdty Sold out 0.00% −0.20
CLOX Eldridge Aaa Clo ETF Reduce -33.6% 0.46% −0.19
GOOG Alphabet Inc. Class C Sold out 0.00% −0.18
UBER Uber Technologies Inc. Sold out 0.00% −0.17
TTEK Tetra Tech Inc. Sold out 0.00% −0.17
JCI Johnson Controls Internation Sold out 0.00% −0.17
ZS Zscaler Inc. Sold out 0.00% −0.15
ESTA Establishment Labs Holdings Sold out 0.00% −0.14
CTO Cto Realty Growth Inc. Sold out 0.00% −0.12
LNTH Lantheus Holdings Inc. Sold out 0.00% −0.11
ELF Elf Beauty Inc. Sold out 0.00% −0.11
HRTS Tema Heart & Health ETF Sold out 0.00% −0.10
QCOM Qualcomm Inc. Sold out 0.00% −0.08
AGNG GLB X Aging Population ETF Reduce -22.3% 0.47% −0.08
XOP SS SPDR S&P Og Exp & Prod Reduce -40.5% 0.13% −0.07
TMDX Transmedics Group Inc. Sold out 0.00% −0.07
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.05
MS Morgan Stanley Sold out 0.00% −0.04

Portfolio Buys Q4 2024 → Q1 2025
IWP iShares Russell Mid-Cap Grow Add +323.8% 5.03% +3.83
SPY SS SPDR S&P 500 ETF Trust-US Add +63.8% 6.43% +2.57
GSEW Goldman Sachs Eql WGHT Large Add +308.0% 3.13% +2.40
EWZ iShares MSCI Brazil ETF New 1.62% +1.62
IBDR iShares Ibonds Dec 2026 Term Add +217.8% 1.81% +1.28
JAAA Janus Henderson Aaa Clo ETF Add +495.8% 1.43% +1.20
NOW ServiceNow Inc. New 0.96% +0.96
RSP Invesco S&P 500 Equal Weight Add +11.1% 6.40% +0.93
GTEK GS Future Tech Leaders Eq New 0.92% +0.92
AIRR First Trust Rba American Ind Add +125.3% 1.53% +0.81
SPYM Ste STR SPDR PT S&P 500 ETF New 0.76% +0.76
KKR KKR & Co. Inc. New 0.69% +0.69
MSDL Morgan Stanley Direct Lendin Add +597.4% 0.77% +0.66
ET Energy Transfer LP Add +444.6% 0.73% +0.60
MELI MercadoLibre Inc. Add +252.9% 0.66% +0.51
CCL Carnival Corp. New 0.50% +0.50
SNOW Snowflake Inc. Add +283.1% 0.67% +0.49
FCX Freeport-McMoran Inc. Add +251.6% 0.66% +0.48
GS Goldman Sachs Group Inc. New 0.46% +0.46
AMZN Amazon.com Inc. Add +68.9% 1.23% +0.44
IGV iShares Expanded Tech-Softwa Add +30.1% 2.01% +0.38
NET Cloudflare Inc. Class A New 0.37% +0.37
NKE Nike Inc. Class B New 0.35% +0.35
EXCHANGE TRADED CONCEPTS TRU New 0.35% +0.35
XME SS SPDR S&P Metals Mining New 0.34% +0.34
BCI Abrdn Bloomberg All Commodit Add +104.6% 0.58% +0.34
GRID First TRST Nasd Class Edg Sgiif Add +36.4% 1.09% +0.30
CRWD CrowdStrike Holdings Inc. Class A Add +9.5% 1.77% +0.30
LYV Live Nation Entertainment Inc. New 0.30% +0.30
IAI iShares U.S. Broker-Dealers New 0.24% +0.24
NVDA Nvidia Corp. Add +145.1% 0.39% +0.20
NUKZ Range Nuclear Renaissance Add +117.1% 0.36% +0.20
EXCHANGE TRADED CONCEPTS TRU New 0.18% +0.18
RIET Hoya Capital Hi DVD YLD ETF New 0.18% +0.18
VFC VF Corp. New 0.18% +0.18
MU Micron Technology Inc. Add +333.3% 0.22% +0.17
LLY Eli Lilly & Co. Add +65.7% 0.35% +0.17
O Realty Income Corp. Add +137.8% 0.23% +0.15
BOXX Alpha Architect 1-3 MNTH Box Add +21.1% 0.58% +0.14
IVV iShares Core S&P 500 ETF Add +114.8% 0.22% +0.12
IWB iShares Russell 1000 ETF New 0.10% +0.10
ARCC Ares Capital Corp. New 0.10% +0.10
GOVT iShares US Treasury Bond ETF New 0.10% +0.10
HOOD Robinhood Markets Inc. Class A New 0.09% +0.09
OBDC Blue Owl Capital Corp. New 0.09% +0.09
NTRA Natera Inc. Add +39.6% 0.34% +0.09
SHOP Shopify Inc. Class A New 0.08% +0.08
VV Vngrd Mrgstr LRG-Cap ETF-Usd New 0.07% +0.07
FBND Fidelity Total Bond ETF New 0.07% +0.07
IVW iShares S&P 500 Growth ETF New 0.07% +0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 142$691.6MSPYG, SPY, XLK, IWF, SMH
Q1 2026 116$570.6MSPYG, SPY, IWF, XLK, AMZN
Q4 2025 116$598.4MSPYG, SPY, IWF, XLK, AMZN
Q3 2025 109$567.0MSPYG, SPY, IWF, XLK, AMZN
Q2 2025 103$495.0MSPYG, SPY, IWF, XLK, SMH
Q1 2025 114$441.8MSPYG, SPY, RSP, IWF, IWP
Q4 2024 119$471.2MSPYG, IWF, XLK, RSP, SPY
Q3 2024 115$452.8MSPYG, IWF, XLK, XLE, CLOZ
Q2 2024 108$432.6MSPYG, IWF, XLK, XLE, CLOZ
Q1 2024 99$390.0MSPYG, IWF, XLK, XLE, CLOZ