Main Management ETF Advisors, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Main Management ETF Advisors, LLC reported 136 stock positions worth $2.4 billion. Its top holding was Invesco QQQ Trust Series 1 (QQQ) at 16.8% of the portfolio, followed by SS Comm Select Sector SPDR (XLC, 13.4%) and SS Financial Select Sector (XLF, 11.5%). Compared with Q1 2025, it opened 4 new positions, sold out of 6, added to 121 and reduced 11. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale an exit from iShares Core S&P Small-Cap E (IJR).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001698607
Portfolio Value
$2.4B (Q2 2025)
SEC Filing
0001583092-25-000010 ↗ filed Aug 12, 2025

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $1.9B Q1 2024 Q2 2024: $2.0B Q2 2024 Q3 2024: $2.1B Q3 2024 Q4 2024: $2.2B Q4 2024 Q1 2025: $2.1B Q1 2025 Q2 2025: $2.4B $2.4B Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.8B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 136 stocks · $2.4B
QQQ Invesco QQQ Trust Series 1 16.82% 733,635 $404.7M Reduce -75.0%
XLC SS Comm Select Sector SPDR 13.39% 2,968,510 $322.2M Add +232.7%
XLF SS Financial Select Sector 11.47% 5,269,091 $275.9M New
SMH Vaneck Semiconductor ETF 10.97% 946,155 $263.9M Reduce -66.3%
XLK SS Technology Select Sector 9.48% 900,935 $228.1M Reduce -11.6%
XLV SS Health Care Select Sector 8.14% 1,453,052 $195.9M Add +202.9%
IGV iShares Expanded Tech-Softwa 7.60% 1,669,135 $182.8M Add +1.0%
XLY SS Consumer Disc Select Sect 7.10% 786,169 $170.9M New
IDEV iShares Core MSCI Dev MKTS 2.20% 696,600 $53.0M Reduce -0.6%
ITB iShares U.S. Home Constructi 1.51% 389,778 $36.3M New
TRIXX State St Inst TR MMKT-Prem 0.99% 23,815,097 $23.8M New
IEMG iShares Core MSCI Emerging 0.94% 376,680 $22.6M Reduce -0.6%
SPEU State Street SPDR Portfolio 0.71% 353,460 $17.1M Reduce -0.6%
KWEB Kranesh Csi China Internet 0.49% 345,720 $11.9M Reduce -0.6%
SPEM State Street SP PTF Em ETF 0.34% 193,500 $8.3M Reduce -0.6%
VPL Vanguard Ftse Pacific ETF 0.31% 90,300 $7.4M Reduce -0.6%
PLTR Palantir Technologies Inc. Class A 0.30% 52,776 $7.2M Add +1.7%
FLMX Franklin Ftse Mexico ETF 0.29% 237,360 $7.0M Reduce -0.6%
NVDA Nvidia Corp. 0.28% 42,514 $6.7M Add +1.7%
NET Cloudflare Inc. Class A 0.20% 24,922 $4.9M Add +1.7%
AVGO Broadcom Inc. 0.20% 17,592 $4.8M Add +1.7%
HOOD Robinhood Markets Inc. Class A 0.17% 44,713 $4.2M Add +1.7%
RBLX Roblox Corp. Class A 0.17% 38,116 $4.0M Add +1.7%
SNOW Snowflake Inc. 0.16% 16,859 $3.8M Add +1.7%
META Meta Platforms Inc. Class A 0.13% 4,398 $3.2M Add +1.7%
FLCA Franklin Ftse Canada ETF 0.13% 77,400 $3.2M Reduce -0.6%
TSM Taiwan Semiconductor-SP ADR 0.12% 13,194 $3.0M Add +1.7%
AMD Advanced Micro Devices 0.11% 19,058 $2.7M Add +1.7%
UPST Upstart Holdings Inc. 0.11% 41,781 $2.7M Add +1.7%
CIFR Cipher Digital Inc. 0.11% 551,844 $2.6M Add +1.6%
RBRK Rubrik Inc. Class A 0.11% 29,320 $2.6M Add +1.7%
ORCL Oracle Corp. 0.11% 11,728 $2.6M Add +1.7%
SE Sea Ltd.-ADR 0.10% 15,393 $2.5M Add +1.7%
CACI Caci International Inc. Class A 0.10% 5,131 $2.4M Add +1.7%
APP AppLovin Corp. Class A 0.10% 6,597 $2.3M Add +1.7%
QBTS D-Wave Quantum Inc. 0.09% 154,642 $2.3M Add +1.7%
LMND Lemonade Inc. 0.09% 51,310 $2.2M Add +1.7%
GWRE Guidewire Software Inc. 0.09% 9,529 $2.2M Add +1.7%
MSFT Microsoft Corp. 0.09% 4,398 $2.2M Add +1.7%
IONQ Ionq Inc. 0.09% 47,645 $2.0M Add +1.7%
AFRM Affirm Holdings Inc. 0.08% 29,320 $2.0M Add +1.7%
ZS Zscaler Inc. 0.08% 5,864 $1.8M Add +1.7%
MRVL Marvell Technology Inc. 0.08% 23,456 $1.8M Add +1.7%
SRAD Sportradar Group AG-A 0.08% 64,483 $1.8M Add +1.6%
TTWO Take-Two Interactive Softwre 0.07% 7,330 $1.8M Add +1.7%
NTES Netease Inc.-ADR 0.07% 13,194 $1.8M Add +1.7%
HPE Hewlett Packard Enterprise 0.07% 81,339 $1.7M Add +1.6%
DLO Dlocal Ltd. 0.07% 146,579 $1.7M Add +1.7%
STNE Stoneco Ltd. Class A 0.07% 98,198 $1.6M Add +1.6%
RDDT Reddit Inc. Class A 0.06% 10,262 $1.5M Add +1.7%
IREN Iren Ltd. filed as IREN LIMITED 0.06% 105,528 $1.5M Add +1.6%
EA Electronic Arts Inc. 0.06% 9,529 $1.5M Add +1.7%
GENI Genius Sports Ltd. 0.06% 145,846 $1.5M Add +1.7%
CRWD CrowdStrike Holdings Inc. Class A 0.06% 2,932 $1.5M Add +1.7%
IBKR Interactive Brokers Gro Class A 0.06% 26,388 $1.5M Add +1.7%
RIOT Riot Platforms Inc. 0.06% 127,521 $1.4M Add +1.6%
DKNG Draftkings Inc. Class A 0.06% 32,985 $1.4M Add +1.7%
LNWO Light & Wonder Inc. 0.06% 14,660 $1.4M Add +1.7%
CORZ Core Scientific Inc. 0.06% 82,075 $1.4M Add +1.6%
HSAI Hesai Group 0.06% 62,284 $1.4M Add +1.6%
RKLB Rocket Lab Corp. 0.06% 37,434 $1.3M Add +1.7%
ALAB Astera Labs Inc. 0.06% 14,660 $1.3M Add +1.7%
CHKP Check Point Software Tech 0.05% 5,864 $1.3M Add +1.7%
RSI Rush Street Interactive Inc. 0.05% 86,473 $1.3M Add +1.6%
MCHP Microchip Technology Inc. 0.05% 17,592 $1.2M Add +1.7%
PANW Palo Alto Networks Inc. 0.05% 5,864 $1.2M Add +1.7%
CYBR Cyberark Software Ltd./Israel 0.05% 2,932 $1.2M Add +1.7%
MU Micron Technology Inc. 0.05% 9,529 $1.2M Add +1.7%
VNET Vnet Group Inc.-ADR 0.05% 168,548 $1.2M Add +1.6%
FTNT Fortinet Inc. 0.05% 10,995 $1.2M Add +1.7%
QLYS Qualys Inc. 0.05% 8,063 $1.2M Add +1.7%
SYM Symbotic Inc. 0.05% 29,320 $1.1M Add +1.7%
GEN Gen Digital Inc. 0.05% 38,116 $1.1M Add +1.7%
ACHR Archer Aviation Inc. Class A 0.05% 102,599 $1.1M Add +1.6%
GH Guardant Health Inc. 0.05% 21,257 $1.1M Add +1.7%
CRDO Credo Technology Group Holdi 0.05% 11,728 $1.1M Add +1.7%
JNPR Juniper Networks Inc. 0.04% 27,121 $1.1M Add +1.7%
ICE Intercontinental Exchange Inc. 0.04% 5,864 $1.1M Add +1.7%
ARM Arm Holdings PLC-ADR 0.04% 6,597 $1.1M Add +1.7%
TLN Talen Energy Corp. 0.04% 3,665 $1.1M Add +1.7%
TXN Texas Instruments Inc. 0.04% 5,131 $1.1M Add +1.7%
BWXT BWX Technologies Inc. 0.04% 7,327 $1.1M Add +1.7%
V Visa Inc. Class A 0.04% 2,932 $1.0M Add +1.7%
CHDN Churchill Downs Inc. 0.04% 10,262 $1.0M Add +1.7%
ANSS Ansys Inc. 0.04% 2,932 $1.0M Add +1.7%
ASND Ascendis Pharma A/S 0.04% 5,864 $1.0M Add +1.7%
GLBE Global-E Online Ltd. 0.04% 30,053 $1.0M Add +1.7%
BCRX Biocryst Pharmaceuticals Inc. 0.04% 112,128 $1.0M Add +1.6%
BBIO Bridgebio Pharma Inc. 0.04% 22,723 $981K Add +1.7%
CRSP Crispr Therapeutics AG 0.04% 19,791 $963K Add +1.7%
AKAM Akamai Technologies Inc. 0.04% 11,728 $935K Add +1.7%
SHOP Shopify Inc. Class A 0.04% 8,063 $930K Add +1.7%
G Genpact Ltd. 0.04% 20,524 $903K Add +1.7%
DOCS Doximity Inc. Class A 0.04% 14,660 $899K Add +1.7%
DLR Digital Realty Trust Inc. 0.04% 5,131 $894K Add +1.7%
DDOG Datadog Inc. Class A 0.04% 6,597 $886K Add +1.7%
WULF Terawulf Inc. 0.04% 201,533 $883K Add +1.6%
LSCC Lattice Semiconductor Corp. 0.04% 17,592 $862K Add +1.7%
S Sentinelone Inc. Class A 0.04% 46,909 $857K Add +1.7%
ADBE Adobe Inc. 0.04% 2,199 $851K Add +1.7%
LGND Ligand Pharmaceuticals 0.03% 7,330 $833K Add +1.7%
HUT Hut 8 Corp. 0.03% 44,713 $832K Add +1.7%
ANET Arista Networks Inc. 0.03% 8,063 $825K Add +1.7%
MA Mastercard Inc. Class A 0.03% 1,466 $824K Add +1.7%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.03% 9,529 $809K Add +1.7%
ARGX Argenx SE - ADR 0.03% 1,466 $808K Add +1.7%
FOUR SHIFT4 Payments Inc. Class A 0.03% 8,063 $799K Add +1.7%
QURE Uniqure NV 0.03% 56,420 $786K Add +1.6%
NTAP Netapp Inc. 0.03% 7,330 $781K Add +1.7%
EPAM Epam Systems Inc. 0.03% 4,398 $778K Add +1.7%
MDB Mongodb Inc. 0.03% 3,665 $770K Add +1.7%
KVYO Klaviyo Inc. Class A 0.03% 22,723 $763K Add +1.7%
NIO Nio Inc. - ADR 0.03% 222,057 $762K Add +1.6%
NTRA Natera Inc. 0.03% 4,398 $743K Add +1.7%
RXRX Recursion Pharmaceuticals-A 0.03% 142,914 $723K Add +1.7%
CDNA Caredx Inc. 0.03% 36,650 $716K Add +1.7%
IMNM Immunome Inc. 0.03% 76,944 $716K Add +1.6%
KRYS Krystal Biotech Inc. 0.03% 5,131 $705K Add +1.7%
AI C3.AI Inc. Class A 0.03% 28,587 $702K Add +1.7%
PRCT Procept Biorobotics Corp. 0.03% 11,728 $676K Add +1.7%
GTLB Gitlab Inc. Class A 0.03% 14,660 $661K Add +1.7%
BTDR Bitdeer Technologies Group-A 0.03% 57,153 $656K Add +1.6%
FISV Fiserv Inc. 0.03% 3,665 $632K Add +1.7%
ACVA Acv Auctions Inc. Class A 0.03% 38,849 $630K Add +1.7%
GPN Global Payments Inc. 0.02% 7,330 $587K Add +1.7%
SERV Serve Robotics Inc. 0.02% 51,310 $587K Add +1.7%
ARE Alexandria Real Estate Equit 0.02% 8,063 $586K Add +1.7%
LLY Eli Lilly & Co. 0.02% 733 $571K Add +1.7%
RVLV Revolve Group Inc. Class A 0.02% 27,851 $558K Add +1.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.02% 7,330 $528K Add +1.7%
CAN Canaan Inc. 0.02% 643,439 $398K Add +1.6%
LPRO Open Lending Corp. 0.01% 161,218 $313K Add +1.6%
BHVN Biohaven Ltd. 0.01% 21,990 $310K Add +1.7%
CRGX Cargo Therapeutics Inc. 0.01% 65,216 $269K Add +1.6%
RCKT Rocket Pharmaceuticals Inc. 0.01% 76,208 $187K Add +1.6%
SRPT Sarepta Therapeutics Inc. 0.00% 6,597 $113K Add +1.7%
Other holdings (1): bonds, preferreds, convertibles and warrants · $78K (not counted above)
SecurityClassShares / PrincipalValueChange
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 9,529$78KNew

Total filed on the 13F, all lines: $2.4B.

Portfolio Sells Q1 2025 → Q2 2025
IJR iShares Core S&P Small-Cap E Sold out 0.00% −16.56
KRE SS SPDR S&P Regional Bank Sold out 0.00% −9.63
IJK iShares S&P Mid-Cap 400 Grow Sold out 0.00% −9.48
IBB iShares Biotechnology ETF Sold out 0.00% −3.81
IDEV iShares Core MSCI Dev MKTS Reduce -0.6% 2.20% −0.14
KWEB Kranesh Csi China Internet Reduce -0.6% 0.49% −0.10
IEMG iShares Core MSCI Emerging Reduce -0.6% 0.94% −0.05
SPEU State Street SPDR Portfolio Reduce -0.6% 0.71% −0.05
ML Moneylion Inc. Sold out 0.00% −0.04
SPEM State Street SP PTF Em ETF Reduce -0.6% 0.34% −0.03
VPL Vanguard Ftse Pacific ETF Reduce -0.6% 0.31% −0.01
FLCA Franklin Ftse Canada ETF Reduce -0.6% 0.13% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Sold out 0.00% −0.00
FLMX Franklin Ftse Mexico ETF Reduce -0.6% 0.29% +0.00
XLK SS Technology Select Sector Reduce -11.6% 9.48% +2.25
QQQ Invesco QQQ Trust Series 1 Reduce -75.0% 16.82% +3.04
SMH Vaneck Semiconductor ETF Reduce -66.3% 10.97% +4.18

Portfolio Buys Q1 2025 → Q2 2025
XLF SS Financial Select Sector New 11.47% +11.47
XLY SS Consumer Disc Select Sect New 7.10% +7.10
XLC SS Comm Select Sector SPDR Add +232.7% 13.39% +4.44
XLV SS Health Care Select Sector Add +202.9% 8.14% +3.54
ITB iShares U.S. Home Constructi New 1.51% +1.51
TRIXX State St Inst TR MMKT-Prem New 0.99% +0.99
IGV iShares Expanded Tech-Softwa Add +1.0% 7.60% +0.45
PLTR Palantir Technologies Inc. Class A Add +1.7% 0.30% +0.09
HOOD Robinhood Markets Inc. Class A Add +1.7% 0.17% +0.09
NET Cloudflare Inc. Class A Add +1.7% 0.20% +0.07
AVGO Broadcom Inc. Add +1.7% 0.20% +0.06
RBLX Roblox Corp. Class A Add +1.7% 0.17% +0.06
NVDA Nvidia Corp. Add +1.7% 0.28% +0.06
CIFR Cipher Digital Inc. Add +1.6% 0.11% +0.05
SNOW Snowflake Inc. Add +1.7% 0.16% +0.04
QBTS D-Wave Quantum Inc. Add +1.7% 0.09% +0.04
IONQ Ionq Inc. Add +1.7% 0.09% +0.03
IREN Iren Ltd. Add +1.6% 0.06% +0.03
CORZ Core Scientific Inc. Add +1.6% 0.06% +0.03
ORCL Oracle Corp. Add +1.7% 0.11% +0.03
RKLB Rocket Lab Corp. Add +1.7% 0.06% +0.02
RBRK Rubrik Inc. Class A Add +1.7% 0.11% +0.02
CRDO Credo Technology Group Holdi Add +1.7% 0.05% +0.02
AFRM Affirm Holdings Inc. Add +1.7% 0.08% +0.02
ZS Zscaler Inc. Add +1.7% 0.08% +0.02
UPST Upstart Holdings Inc. Add +1.7% 0.11% +0.02
TSM Taiwan Semiconductor-SP ADR Add +1.7% 0.12% +0.02
SYM Symbotic Inc. Add +1.7% 0.05% +0.02
AMD Advanced Micro Devices Add +1.7% 0.11% +0.02
RIOT Riot Platforms Inc. Add +1.6% 0.06% +0.02
LMND Lemonade Inc. Add +1.7% 0.09% +0.02
STNE Stoneco Ltd. Class A Add +1.6% 0.07% +0.02
META Meta Platforms Inc. Class A Add +1.7% 0.13% +0.01
ALAB Astera Labs Inc. Add +1.7% 0.06% +0.01
HSAI Hesai Group Add +1.6% 0.06% +0.01
RDDT Reddit Inc. Class A Add +1.7% 0.06% +0.01
CRWD CrowdStrike Holdings Inc. Class A Add +1.7% 0.06% +0.01
APP AppLovin Corp. Class A Add +1.7% 0.10% +0.01
MSFT Microsoft Corp. Add +1.7% 0.09% +0.01
CACI Caci International Inc. Class A Add +1.7% 0.10% +0.01
ACHR Archer Aviation Inc. Class A Add +1.6% 0.05% +0.01
ARM Arm Holdings PLC-ADR Add +1.7% 0.04% +0.01
MCHP Microchip Technology Inc. Add +1.7% 0.05% +0.01
DLO Dlocal Ltd. Add +1.7% 0.07% +0.01
WULF Terawulf Inc. Add +1.6% 0.04% +0.01
SERV Serve Robotics Inc. Add +1.7% 0.02% +0.01
HUT Hut 8 Corp. Add +1.7% 0.03% +0.01
BWXT BWX Technologies Inc. Add +1.7% 0.04% +0.01
TLN Talen Energy Corp. Add +1.7% 0.04% +0.01
MU Micron Technology Inc. Add +1.7% 0.05% +0.01

Notes & Other Activity Q1 2025 → Q2 2025
GENVR Gen Digital Inc. - CVR RIGHT 99/99/9999 New 9,529 $78K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 103$3.3BXLK, XLF, XLI, XLY, QQQM
Q1 2026 115$2.7BXLK, XLV, XLC, XLF, XLY
Q4 2025 124$2.8BXLK, XLV, XLF, XLC, XLY
Q3 2025 122$2.7BXLK, XLC, XLV, XLF, XLY
Q2 2025 136$2.4BQQQ, XLC, XLF, SMH, XLK
Q1 2025 138$2.1BIJR, QQQ, KRE, IJK, XLC
Q4 2024 147$2.2BQQQ, XLC, SMH, IJK, XLK
Q3 2024 150$2.1BQQQ, IJK, XLC, SMH, XLK
Q2 2024 39$2.0BQQQ, IJK, XLC, XLK, SMH
Q1 2024 41$1.9BIJK, XLC, QQQ, XLK, SMH