Main Management ETF Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Main Management ETF Advisors, LLC reported 122 stock positions worth $2.7 billion. Its top holding was SS Technology Select Sector (XLK) at 28.0% of the portfolio, followed by SS Comm Select Sector SPDR (XLC, 13.4%) and SS Health Care Select Sector (XLV, 11.9%). Compared with Q2 2025, it opened 59 new positions, sold out of 73, added to 47 and reduced 16. The biggest buy was SS Technology Select Sector (XLK, shares +198%) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001698607
- Portfolio Value
- $2.7B (Q3 2025)
- SEC Filing
- 0001698607-25-000004 ↗ filed Nov 14, 2025
Holdings Value
Holdings 122 stocks · $2.7B
| XLK SS Technology Select Sector | 28.02% | 2,684,198 | $756.6M | Add +197.9% |
| XLC SS Comm Select Sector SPDR | 13.35% | 3,045,715 | $360.5M | Add +2.6% |
| XLV SS Health Care Select Sector | 11.92% | 2,312,232 | $321.8M | Add +59.1% |
| XLF SS Financial Select Sector | 11.63% | 5,829,961 | $314.1M | Add +10.6% |
| XLY SS Consumer Disc Select Sect | 8.11% | 914,057 | $219.0M | Add +16.3% |
| SMH Vaneck Semiconductor ETF | 5.41% | 447,627 | $146.1M | Reduce -52.7% |
| IGV iShares Expanded Tech-Softwa | 5.07% | 1,190,154 | $136.9M | Reduce -28.7% |
| ITB iShares U.S. Home Constructi | 2.49% | 627,402 | $67.3M | Add +61.0% |
| IDEV iShares Core MSCI Dev MKTS | 2.16% | 729,000 | $58.4M | Add +4.7% |
| IEMG iShares Core MSCI Emerging | 0.96% | 394,200 | $26.0M | Add +4.7% |
| TRIXX State St Inst TR MMKT-Prem | 0.71% | 19,167,003 | $19.2M | Reduce -19.5% |
| SPEU State Street SPDR Portfolio | 0.68% | 369,900 | $18.4M | Add +4.7% |
| KWEB Kranesh Csi China Internet | 0.58% | 371,916 | $15.6M | Add +7.6% |
| SPEM State Street SP PTF Em ETF | 0.40% | 228,178 | $10.7M | Add +17.9% |
| NET Cloudflare Inc. Class A | 0.33% | 41,849 | $9.0M | Add +67.9% |
| FLMX Franklin Ftse Mexico ETF | 0.32% | 260,076 | $8.6M | Add +9.6% |
| VPL Vanguard Ftse Pacific ETF | 0.31% | 94,500 | $8.3M | Add +4.7% |
| NVDA Nvidia Corp. | 0.28% | 40,300 | $7.5M | Reduce -5.2% |
| ORCL Oracle Corp. | 0.25% | 24,025 | $6.8M | Add +104.8% |
| NBIS Nebius Group NV | 0.19% | 45,725 | $5.1M | New |
| RBRK Rubrik Inc. Class A | 0.18% | 60,450 | $5.0M | Add +106.2% |
| SE Sea Ltd.-ADR | 0.16% | 24,025 | $4.3M | Add +56.1% |
| SNOW Snowflake Inc. | 0.16% | 18,600 | $4.2M | Add +10.3% |
| AVGO Broadcom Inc. | 0.15% | 12,400 | $4.1M | Reduce -29.5% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.14% | 7,749 | $3.8M | Add +164.3% |
| ZS Zscaler Inc. | 0.14% | 12,399 | $3.7M | Add +111.4% |
| FLCA Franklin Ftse Canada ETF | 0.14% | 81,000 | $3.7M | Add +4.7% |
| ALAB Astera Labs Inc. | 0.13% | 18,600 | $3.6M | Add +26.9% |
| CRDO Credo Technology Group Holdi | 0.12% | 22,475 | $3.3M | Add +91.6% |
| RBLX Roblox Corp. Class A | 0.12% | 23,250 | $3.2M | Reduce -39.0% |
| AVAV Aerovironment Inc. | 0.11% | 9,300 | $2.9M | New |
| FUBO Fubotv Inc. | 0.11% | 691,300 | $2.9M | New |
| MSFT Microsoft Corp. | 0.10% | 5,425 | $2.8M | Add +23.4% |
| XPEV Xpeng Inc. - ADR | 0.10% | 113,925 | $2.7M | New |
| CORZ Core Scientific Inc. | 0.10% | 145,700 | $2.6M | Add +77.5% |
| DLO Dlocal Ltd. | 0.09% | 177,475 | $2.5M | Add +21.1% |
| SOFI Sofi Technologies Inc. | 0.09% | 93,775 | $2.5M | New |
| GLXY Galaxy Digital Inc. Class A | 0.09% | 70,525 | $2.4M | New |
| GEN Gen Digital Inc. | 0.09% | 82,925 | $2.4M | Add +117.6% |
| CRWV Coreweave Inc. Class A | 0.09% | 17,050 | $2.3M | New |
| SHOP Shopify Inc. Class A | 0.09% | 15,500 | $2.3M | Add +92.2% |
| ARGX Argenx SE - ADR | 0.08% | 3,100 | $2.3M | Add +111.5% |
| CYBR Cyberark Software Ltd./Israel | 0.08% | 4,650 | $2.2M | Add +58.6% |
| SAIL Sailpoint Inc. | 0.08% | 101,525 | $2.2M | New |
| APP AppLovin Corp. Class A | 0.08% | 3,100 | $2.2M | Reduce -53.0% |
| TTWO Take-Two Interactive Softwre | 0.08% | 8,525 | $2.2M | Add +16.3% |
| ASND Ascendis Pharma A/S | 0.08% | 10,850 | $2.2M | Add +85.0% |
| TEM Tempus AI Inc. Class A | 0.08% | 26,350 | $2.1M | New |
| PGY Pagaya Technologies Ltd. Class A | 0.08% | 71,300 | $2.1M | New |
| MU Micron Technology Inc. | 0.08% | 12,400 | $2.1M | Add +30.1% |
| CVNA Carvana Co. | 0.08% | 5,425 | $2.0M | New |
| KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC | 0.07% | 24,800 | $2.0M | Add +160.3% |
| GENI Genius Sports Ltd. | 0.07% | 161,975 | $2.0M | Add +11.1% |
| SERV Serve Robotics Inc. | 0.07% | 165,075 | $1.9M | Add +221.7% |
| INSM Insmed Inc. | 0.07% | 13,175 | $1.9M | New |
| RGTI Rigetti Computing Inc. | 0.07% | 63,550 | $1.9M | New |
| VNET Vnet Group Inc.-ADR | 0.07% | 181,350 | $1.9M | Add +7.6% |
| GLBE Global-E Online Ltd. | 0.07% | 51,925 | $1.9M | Add +72.8% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 10,075 | $1.8M | Reduce -80.9% |
| MELI MercadoLibre Inc. | 0.07% | 775 | $1.8M | New |
| KRYS Krystal Biotech Inc. | 0.07% | 10,075 | $1.8M | Add +96.4% |
| COHR Coherent Corp. | 0.06% | 16,275 | $1.8M | New |
| MARA Mara Holdings Inc. | 0.06% | 93,775 | $1.7M | New |
| QBTS D-Wave Quantum Inc. | 0.06% | 68,975 | $1.7M | Reduce -55.4% |
| PODD Insulet Corp. | 0.06% | 5,425 | $1.7M | New |
| WGS Genedx Holdings Corp. | 0.06% | 15,500 | $1.7M | New |
| DDOG Datadog Inc. Class A | 0.06% | 11,625 | $1.7M | Add +76.2% |
| GH Guardant Health Inc. | 0.06% | 26,350 | $1.6M | Add +24.0% |
| JD Jd.com Inc.-ADR | 0.06% | 46,500 | $1.6M | New |
| IONQ Ionq Inc. | 0.06% | 26,350 | $1.6M | Reduce -44.7% |
| VEEV Veeva Systems Inc. Class A | 0.06% | 5,425 | $1.6M | New |
| GWRE Guidewire Software Inc. | 0.06% | 6,975 | $1.6M | Reduce -26.8% |
| INTU Intuit Inc. | 0.06% | 2,325 | $1.6M | New |
| FLUT Flutter Entertainment PLC-Di | 0.06% | 6,200 | $1.6M | New |
| BBIO Bridgebio Pharma Inc. | 0.06% | 30,225 | $1.6M | Add +33.0% |
| LRCX Lam Research Corp. | 0.06% | 11,625 | $1.6M | New |
| RELY Remitly Global Inc. | 0.06% | 95,325 | $1.6M | New |
| ODD Oddity Tech Ltd. Class A | 0.06% | 24,800 | $1.5M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.06% | 96,100 | $1.5M | New |
| HUYA Huya Inc.-ADR | 0.06% | 455,700 | $1.5M | New |
| GTLB Gitlab Inc. Class A | 0.06% | 33,325 | $1.5M | Add +127.3% |
| NTRA Natera Inc. | 0.06% | 9,300 | $1.5M | Add +111.5% |
| OUST Ouster Inc. | 0.05% | 54,250 | $1.5M | New |
| CSGP Costar Group Inc. | 0.05% | 17,050 | $1.4M | New |
| S Sentinelone Inc. Class A | 0.05% | 81,375 | $1.4M | Add +73.5% |
| SOUN Soundhound AI Inc. Class A | 0.05% | 89,125 | $1.4M | New |
| AMBA Ambarella Inc. | 0.05% | 17,050 | $1.4M | New |
| HSAI Hesai Group | 0.05% | 49,600 | $1.4M | Reduce -20.4% |
| AMD Advanced Micro Devices | 0.05% | 8,525 | $1.4M | Reduce -55.3% |
| TCOM Trip.com Group Ltd.-ADR | 0.05% | 17,825 | $1.3M | New |
| SGHC Super Group SGHC Ltd. | 0.05% | 99,200 | $1.3M | New |
| NOK Nokia Corp.-Spon ADR | 0.05% | 266,600 | $1.3M | New |
| TME Tencent Music Entertainm-ADR | 0.05% | 53,475 | $1.2M | New |
| EBAY eBay Inc. | 0.04% | 13,175 | $1.2M | New |
| GMED Globus Medical Inc. Class A | 0.04% | 20,925 | $1.2M | New |
| QUBT Quantum Computing Inc. | 0.04% | 65,100 | $1.2M | New |
| UPST Upstart Holdings Inc. | 0.04% | 23,250 | $1.2M | Reduce -44.4% |
| CRSP Crispr Therapeutics AG | 0.04% | 17,825 | $1.2M | Reduce -9.9% |
| PEGA Pegasystems Inc. | 0.04% | 19,375 | $1.1M | New |
| NBIX Neurocrine Biosciences Inc. | 0.04% | 7,750 | $1.1M | New |
Portfolio Sells Q2 2025 → Q3 2025
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −16.82 |
| SMH Vaneck Semiconductor ETF | Reduce -52.7% | 5.41% | −5.56 |
| IGV iShares Expanded Tech-Softwa | Reduce -28.7% | 5.07% | −2.53 |
| TRIXX State St Inst TR MMKT-Prem | Reduce -19.5% | 0.71% | −0.28 |
| PLTR Palantir Technologies Inc. Class A | Reduce -80.9% | 0.07% | −0.23 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −0.17 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.13 |
| TSM Taiwan Semiconductor-SP ADR | Sold out | 0.00% | −0.12 |
| CIFR Cipher Digital Inc. | Sold out | 0.00% | −0.11 |
| CACI Caci International Inc. Class A | Sold out | 0.00% | −0.10 |
| LMND Lemonade Inc. | Sold out | 0.00% | −0.09 |
| AFRM Affirm Holdings Inc. | Sold out | 0.00% | −0.08 |
| MRVL Marvell Technology Inc. | Sold out | 0.00% | −0.08 |
| SRAD Sportradar Group AG-A | Sold out | 0.00% | −0.08 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.07 |
| HPE Hewlett Packard Enterprise | Sold out | 0.00% | −0.07 |
| UPST Upstart Holdings Inc. | Reduce -44.4% | 0.04% | −0.07 |
| STNE Stoneco Ltd. Class A | Sold out | 0.00% | −0.07 |
| RDDT Reddit Inc. Class A | Sold out | 0.00% | −0.06 |
| IREN Iren Ltd. | Sold out | 0.00% | −0.06 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.06 |
| AMD Advanced Micro Devices | Reduce -55.3% | 0.05% | −0.06 |
| IBKR Interactive Brokers Gro Class A | Sold out | 0.00% | −0.06 |
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −0.06 |
| LNWO Light & Wonder Inc. | Sold out | 0.00% | −0.06 |
| RKLB Rocket Lab Corp. | Sold out | 0.00% | −0.06 |
| CHKP Check Point Software Tech | Sold out | 0.00% | −0.05 |
| RSI Rush Street Interactive Inc. | Sold out | 0.00% | −0.05 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.05 |
| AVGO Broadcom Inc. | Reduce -29.5% | 0.15% | −0.05 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.05 |
| FTNT Fortinet Inc. | Sold out | 0.00% | −0.05 |
| QLYS Qualys Inc. | Sold out | 0.00% | −0.05 |
| RBLX Roblox Corp. Class A | Reduce -39.0% | 0.12% | −0.05 |
| SYM Symbotic Inc. | Sold out | 0.00% | −0.05 |
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −0.05 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.04 |
| ICE Intercontinental Exchange Inc. | Sold out | 0.00% | −0.04 |
| ARM Arm Holdings PLC-ADR | Sold out | 0.00% | −0.04 |
| TLN Talen Energy Corp. | Sold out | 0.00% | −0.04 |
| TXN Texas Instruments Inc. | Sold out | 0.00% | −0.04 |
| BWXT BWX Technologies Inc. | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Sold out | 0.00% | −0.04 |
| CHDN Churchill Downs Inc. | Sold out | 0.00% | −0.04 |
| ANSS Ansys Inc. | Sold out | 0.00% | −0.04 |
| BCRX Biocryst Pharmaceuticals Inc. | Sold out | 0.00% | −0.04 |
| AKAM Akamai Technologies Inc. | Sold out | 0.00% | −0.04 |
| G Genpact Ltd. | Sold out | 0.00% | −0.04 |
| DOCS Doximity Inc. Class A | Sold out | 0.00% | −0.04 |
| DLR Digital Realty Trust Inc. | Sold out | 0.00% | −0.04 |
Portfolio Buys Q2 2025 → Q3 2025
| XLK SS Technology Select Sector | Add +197.9% | 28.02% | +18.54 |
| XLV SS Health Care Select Sector | Add +59.1% | 11.92% | +3.78 |
| XLY SS Consumer Disc Select Sect | Add +16.3% | 8.11% | +1.01 |
| ITB iShares U.S. Home Constructi | Add +61.0% | 2.49% | +0.98 |
| NBIS Nebius Group NV | New | 0.19% | +0.19 |
| XLF SS Financial Select Sector | Add +10.6% | 11.63% | +0.16 |
| ORCL Oracle Corp. | Add +104.8% | 0.25% | +0.14 |
| NET Cloudflare Inc. Class A | Add +67.9% | 0.33% | +0.13 |
| AVAV Aerovironment Inc. | New | 0.11% | +0.11 |
| FUBO Fubotv Inc. | New | 0.11% | +0.11 |
| XPEV Xpeng Inc. - ADR | New | 0.10% | +0.10 |
| SOFI Sofi Technologies Inc. | New | 0.09% | +0.09 |
| GLXY Galaxy Digital Inc. Class A | New | 0.09% | +0.09 |
| CRWV Coreweave Inc. Class A | New | 0.09% | +0.09 |
| KWEB Kranesh Csi China Internet | Add +7.6% | 0.58% | +0.09 |
| SAIL Sailpoint Inc. | New | 0.08% | +0.08 |
| ALAB Astera Labs Inc. | Add +26.9% | 0.13% | +0.08 |
| TEM Tempus AI Inc. Class A | New | 0.08% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +164.3% | 0.14% | +0.08 |
| PGY Pagaya Technologies Ltd. Class A | New | 0.08% | +0.08 |
| CRDO Credo Technology Group Holdi | Add +91.6% | 0.12% | +0.08 |
| CVNA Carvana Co. | New | 0.08% | +0.08 |
| RBRK Rubrik Inc. Class A | Add +106.2% | 0.18% | +0.07 |
| INSM Insmed Inc. | New | 0.07% | +0.07 |
| RGTI Rigetti Computing Inc. | New | 0.07% | +0.07 |
| MELI MercadoLibre Inc. | New | 0.07% | +0.07 |
| COHR Coherent Corp. | New | 0.06% | +0.06 |
| MARA Mara Holdings Inc. | New | 0.06% | +0.06 |
| PODD Insulet Corp. | New | 0.06% | +0.06 |
| WGS Genedx Holdings Corp. | New | 0.06% | +0.06 |
| ZS Zscaler Inc. | Add +111.4% | 0.14% | +0.06 |
| JD Jd.com Inc.-ADR | New | 0.06% | +0.06 |
| VEEV Veeva Systems Inc. Class A | New | 0.06% | +0.06 |
| INTU Intuit Inc. | New | 0.06% | +0.06 |
| FLUT Flutter Entertainment PLC-Di | New | 0.06% | +0.06 |
| LRCX Lam Research Corp. | New | 0.06% | +0.06 |
| RELY Remitly Global Inc. | New | 0.06% | +0.06 |
| ODD Oddity Tech Ltd. Class A | New | 0.06% | +0.06 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.06% | +0.06 |
| SE Sea Ltd.-ADR | Add +56.1% | 0.16% | +0.06 |
| HUYA Huya Inc.-ADR | New | 0.06% | +0.06 |
| OUST Ouster Inc. | New | 0.05% | +0.05 |
| CSGP Costar Group Inc. | New | 0.05% | +0.05 |
| SOUN Soundhound AI Inc. Class A | New | 0.05% | +0.05 |
| AMBA Ambarella Inc. | New | 0.05% | +0.05 |
| SPEM State Street SP PTF Em ETF | Add +17.9% | 0.40% | +0.05 |
| ARGX Argenx SE - ADR | Add +111.5% | 0.08% | +0.05 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.05% | +0.05 |
| SGHC Super Group SGHC Ltd. | New | 0.05% | +0.05 |
| NOK Nokia Corp.-Spon ADR | New | 0.05% | +0.05 |
Notes & Other Activity Q2 2025 → Q3 2025
| GENVR Gen Digital Inc. - CVR | RIGHT 99/99/9999 | Sold out | 9,529 | $78Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 103 | $3.3B | XLK, XLF, XLI, XLY, QQQM |
| Q1 2026 | 115 | $2.7B | XLK, XLV, XLC, XLF, XLY |
| Q4 2025 | 124 | $2.8B | XLK, XLV, XLF, XLC, XLY |
| Q3 2025 | 122 | $2.7B | XLK, XLC, XLV, XLF, XLY |
| Q2 2025 | 136 | $2.4B | QQQ, XLC, XLF, SMH, XLK |
| Q1 2025 | 138 | $2.1B | IJR, QQQ, KRE, IJK, XLC |
| Q4 2024 | 147 | $2.2B | QQQ, XLC, SMH, IJK, XLK |
| Q3 2024 | 150 | $2.1B | QQQ, IJK, XLC, SMH, XLK |
| Q2 2024 | 39 | $2.0B | QQQ, IJK, XLC, XLK, SMH |
| Q1 2024 | 41 | $1.9B | IJK, XLC, QQQ, XLK, SMH |