Main Management ETF Advisors, LLC

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Main Management ETF Advisors, LLC reported 124 stock positions worth $2.8 billion. Its top holding was SS Technology Select Sector (XLK) at 28.3% of the portfolio, followed by SS Health Care Select Sector (XLV, 15.8%) and SS Financial Select Sector (XLF, 14.7%). Compared with Q3 2025, it opened 3 new positions, sold out of 1, added to 116 and reduced 5. The biggest buy was SS Health Care Select Sector (XLV, shares +24%) and the biggest sale Vaneck Semiconductor ETF (SMH, shares −85%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001698607
Portfolio Value
$2.8B (Q4 2025)
SEC Filing
0001698607-26-000002 ↗ filed Feb 10, 2026

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 Q2 2025 Q3 2025: $2.7B Q3 2025 Q4 2025: $2.8B $2.8B Q4 2025 Q1 2026: $2.7B Q1 2026 Q2 2026: $3.3B Q2 2026

Holdings 124 stocks · $2.8B
XLK SS Technology Select Sector 28.25% 5,506,430 $792.8M Add +2.6%
XLV SS Health Care Select Sector 15.77% 2,858,277 $442.5M Add +23.6%
XLF SS Financial Select Sector 14.66% 7,511,470 $411.4M Add +28.8%
XLC SS Comm Select Sector SPDR 13.11% 3,124,023 $367.8M Add +2.6%
XLY SS Consumer Disc Select Sect 8.85% 2,079,334 $248.3M Add +13.7%
XLB SS Materials Select Sector 2.59% 1,604,016 $72.7M New
IDEV iShares Core MSCI Dev MKTS 2.38% 809,383 $66.8M Add +11.0%
ITB iShares U.S. Home Constructi 2.21% 643,542 $62.0M Add +2.6%
IEMG iShares Core MSCI Emerging 1.00% 418,908 $28.2M Add +6.3%
SMH Vaneck Semiconductor ETF 0.87% 67,846 $24.4M Reduce -84.8%
IGV iShares Expanded Tech-Softwa 0.85% 225,576 $23.8M Reduce -81.0%
SPEU State Street SPDR Portfolio 0.75% 403,872 $21.1M Add +9.2%
SPEM State Street SP PTF Em ETF 0.42% 249,130 $11.7M Add +9.2%
KWEB Kranesh Csi China Internet 0.36% 295,593 $10.1M Reduce -20.5%
VPL Vanguard Ftse Pacific ETF 0.34% 104,961 $9.5M Add +11.1%
EIDO iShares MSCI Indonesia ETF 0.30% 447,355 $8.4M New
NET Cloudflare Inc. Class A 0.30% 42,281 $8.3M Add +1.0%
NVDA Nvidia Corp. 0.27% 40,716 $7.6M Add +1.0%
ORCL Oracle Corp. 0.17% 24,273 $4.7M Add +1.0%
FLCH Franklin Ftse China ETF 0.17% 198,158 $4.7M New
RBRK Rubrik Inc. Class A 0.17% 61,074 $4.7M Add +1.0%
AVGO Broadcom Inc. 0.15% 12,528 $4.3M Add +1.0%
FLCA Franklin Ftse Canada ETF 0.15% 88,435 $4.3M Add +9.2%
SNOW Snowflake Inc. 0.15% 18,792 $4.1M Add +1.0%
NBIS Nebius Group NV 0.14% 46,197 $3.9M Add +1.0%
CRWD CrowdStrike Holdings Inc. Class A 0.13% 7,829 $3.7M Add +1.0%
MU Micron Technology Inc. 0.13% 12,528 $3.6M Add +1.0%
CRDO Credo Technology Group Holdi 0.12% 22,707 $3.3M Add +1.0%
ALAB Astera Labs Inc. 0.11% 18,792 $3.1M Add +1.0%
SE Sea Ltd.-ADR 0.11% 24,273 $3.1M Add +1.0%
COHR Coherent Corp. 0.11% 16,443 $3.0M Add +1.0%
ZS Zscaler Inc. 0.10% 12,527 $2.8M Add +1.0%
GH Guardant Health Inc. 0.10% 26,622 $2.7M Add +1.0%
MSFT Microsoft Corp. 0.09% 5,481 $2.7M Add +1.0%
ARGX Argenx SE - ADR 0.09% 3,132 $2.6M Add +1.0%
DLO Dlocal Ltd. 0.09% 179,307 $2.5M Add +1.0%
SHOP Shopify Inc. Class A 0.09% 15,660 $2.5M Add +1.0%
KRYS Krystal Biotech Inc. 0.09% 10,179 $2.5M Add +1.0%
SOFI Sofi Technologies Inc. 0.09% 94,743 $2.5M Add +1.0%
ASND Ascendis Pharma A/S 0.08% 10,962 $2.3M Add +1.0%
BBIO Bridgebio Pharma Inc. 0.08% 30,537 $2.3M Add +1.0%
XPEV Xpeng Inc. - ADR 0.08% 115,101 $2.3M Add +1.0%
INSM Insmed Inc. 0.08% 13,311 $2.3M Add +1.0%
CVNA Carvana Co. 0.08% 5,481 $2.3M Add +1.0%
GEN Gen Digital Inc. 0.08% 83,781 $2.3M Add +1.0%
AVAV Aerovironment Inc. 0.08% 9,396 $2.3M Add +1.0%
TTWO Take-Two Interactive Softwre 0.08% 8,613 $2.2M Add +1.0%
NTRA Natera Inc. 0.08% 9,396 $2.2M Add +1.0%
CORZ Core Scientific Inc. 0.08% 147,204 $2.1M Add +1.0%
APP AppLovin Corp. Class A 0.08% 3,132 $2.1M Add +1.0%
CYBR Cyberark Software Ltd./Israel 0.07% 4,698 $2.1M Add +1.0%
SAIL Sailpoint Inc. 0.07% 102,573 $2.1M Add +1.0%
GLBE Global-E Online Ltd. 0.07% 52,461 $2.1M Add +1.0%
WGS Genedx Holdings Corp. 0.07% 15,660 $2.0M Add +1.0%
LRCX Lam Research Corp. 0.07% 11,745 $2.0M Add +1.0%
KSPI JSC Kaspi.kz ADR filed as KASPI KZ JSC 0.07% 25,056 $2.0M Add +1.0%
RBLX Roblox Corp. Class A 0.07% 23,490 $1.9M Add +1.0%
GMED Globus Medical Inc. Class A 0.07% 21,141 $1.8M Add +1.0%
AMD Advanced Micro Devices 0.07% 8,613 $1.8M Add +1.0%
QBTS D-Wave Quantum Inc. 0.06% 69,687 $1.8M Add +1.0%
PLTR Palantir Technologies Inc. Class A 0.06% 10,179 $1.8M Add +1.0%
GENI Genius Sports Ltd. 0.06% 163,647 $1.8M Add +1.0%
FUBO Fubotv Inc. 0.06% 698,436 $1.8M Add +1.0%
NOK Nokia Corp.-Spon ADR 0.06% 269,352 $1.7M Add +1.0%
SERV Serve Robotics Inc. 0.06% 166,779 $1.7M Add +1.0%
NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD 0.06% 97,092 $1.6M Add +1.0%
DDOG Datadog Inc. Class A 0.06% 11,745 $1.6M Add +1.0%
GLXY Galaxy Digital Inc. Class A 0.06% 71,253 $1.6M Add +1.0%
MELI MercadoLibre Inc. 0.06% 783 $1.6M Add +1.0%
TEM Tempus AI Inc. Class A 0.06% 26,622 $1.6M Add +1.0%
PODD Insulet Corp. 0.06% 5,481 $1.6M Add +1.0%
INTU Intuit Inc. 0.06% 2,349 $1.6M Add +1.0%
VNET Vnet Group Inc.-ADR 0.06% 183,222 $1.6M Add +1.0%
PGY Pagaya Technologies Ltd. Class A 0.05% 72,036 $1.5M Add +1.0%
RGTI Rigetti Computing Inc. 0.05% 64,206 $1.4M Add +1.0%
GWRE Guidewire Software Inc. 0.05% 7,047 $1.4M Add +1.0%
JD Jd.com Inc.-ADR 0.05% 46,980 $1.3M Add +1.0%
FLUT Flutter Entertainment PLC-Di 0.05% 6,264 $1.3M Add +1.0%
RELY Remitly Global Inc. 0.05% 96,309 $1.3M Add +1.0%
HUYA Huya Inc.-ADR 0.05% 460,404 $1.3M Add +1.0%
TCOM Trip.com Group Ltd.-ADR 0.05% 18,009 $1.3M Add +1.0%
GTLB Gitlab Inc. Class A 0.04% 33,669 $1.3M Add +1.0%
CRWV Coreweave Inc. Class A 0.04% 17,226 $1.2M Add +1.0%
S Sentinelone Inc. Class A 0.04% 82,215 $1.2M Add +1.0%
VEEV Veeva Systems Inc. Class A 0.04% 5,481 $1.2M Add +1.0%
AMBA Ambarella Inc. 0.04% 17,226 $1.2M Add +1.0%
SGHC Super Group SGHC Ltd. 0.04% 100,224 $1.2M Add +1.0%
IONQ Ionq Inc. 0.04% 26,622 $1.2M Add +1.0%
OUST Ouster Inc. 0.04% 54,810 $1.2M Add +1.0%
PEGA Pegasystems Inc. 0.04% 19,575 $1.2M Add +1.0%
EBAY eBay Inc. 0.04% 13,311 $1.2M Add +1.0%
CSGP Costar Group Inc. 0.04% 17,226 $1.2M Add +1.0%
HSAI Hesai Group 0.04% 50,112 $1.1M Add +1.0%
NBIX Neurocrine Biosciences Inc. 0.04% 7,830 $1.1M Add +1.0%
ADI Analog Devices Inc. 0.04% 3,915 $1.1M Add +1.0%
JBTM JBT Marel Corp. 0.04% 7,047 $1.1M Add +1.0%
TOST Toast Inc. Class A 0.04% 28,971 $1.0M Add +1.0%
UPST Upstart Holdings Inc. 0.04% 23,490 $1.0M Add +1.0%
ODD Oddity Tech Ltd. Class A 0.04% 25,056 $1.0M Add +1.0%
ZBH Zimmer Biomet Holdings Inc. 0.04% 10,962 $986K Add +1.0%
DKNG Draftkings Inc. Class A 0.03% 28,188 $971K Add +1.0%
CSCO Cisco Systems Inc. 0.03% 12,528 $965K Add +1.0%
TME Tencent Music Entertainm-ADR 0.03% 54,027 $947K Add +1.0%
CRSP Crispr Therapeutics AG 0.03% 18,009 $944K Add +1.0%
PRCT Procept Biorobotics Corp. 0.03% 29,754 $936K Add +1.0%
WRD Weride Inc.-ADR 0.03% 107,271 $931K Add +1.0%
SPOT Spotify Technology SA 0.03% 1,566 $909K Add +1.0%
SMMNY Siemens Healthinee-Unsp ADR 0.03% 34,452 $904K Add +1.0%
SOUN Soundhound AI Inc. Class A 0.03% 90,045 $898K Add +1.0%
VTEX Vtex Class A 0.03% 227,853 $857K Add +1.0%
RUM Rum Group Inc. filed as RUMBLE INC 0.03% 135,459 $856K Add +1.0%
MARA Mara Holdings Inc. 0.03% 94,743 $851K Add +1.0%
ASML ASML Holding NV-NY Reg SHS 0.03% 783 $838K Add +1.0%
ATS Ats Corp. 0.03% 29,754 $819K Add +1.0%
DE Deere & Co. 0.03% 1,566 $729K Add +1.0%
NFLX Netflix Inc. 0.03% 7,695 $721K Reduce -0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.02% 2,349 $696K Add +1.0%
QUBT Quantum Computing Inc. 0.02% 65,772 $675K Add +1.0%
ACVA Acv Auctions Inc. Class A 0.02% 82,215 $659K Add +1.0%
TRIXX State St Inst TR MMKT-Prem 0.02% 647,502 $648K Reduce -96.6%
EMR Emerson Electric Co. 0.02% 4,698 $624K Add +1.0%
LEGN Legend Biotech Corp.-ADR 0.02% 26,622 $579K Add +1.0%
CRCL Circle Internet Group Inc. 0.02% 6,264 $497K Add +1.0%
SEZL Sezzle Inc. 0.02% 7,046 $447K Add +1.0%

Portfolio Sells Q3 2025 → Q4 2025
SMH Vaneck Semiconductor ETF Reduce -84.8% 0.87% −4.54
IGV iShares Expanded Tech-Softwa Reduce -81.0% 0.85% −4.22
TRIXX State St Inst TR MMKT-Prem Reduce -96.6% 0.02% −0.69
FLMX Franklin Ftse Mexico ETF Sold out 0.00% −0.32
KWEB Kranesh Csi China Internet Reduce -20.5% 0.36% −0.22
NFLX Netflix Inc. Reduce -0.7% 0.03% −0.01

Portfolio Buys Q3 2025 → Q4 2025
XLV SS Health Care Select Sector Add +23.6% 15.77% +3.85
XLF SS Financial Select Sector Add +28.8% 14.66% +3.03
XLB SS Materials Select Sector New 2.59% +2.59
XLY SS Consumer Disc Select Sect Add +13.7% 8.85% +0.74
EIDO iShares MSCI Indonesia ETF New 0.30% +0.30
XLK SS Technology Select Sector Add +2.6% 28.25% +0.23
IDEV iShares Core MSCI Dev MKTS Add +11.0% 2.38% +0.21
FLCH Franklin Ftse China ETF New 0.17% +0.17
SPEU State Street SPDR Portfolio Add +9.2% 0.75% +0.07
MU Micron Technology Inc. Add +1.0% 0.13% +0.05
COHR Coherent Corp. Add +1.0% 0.11% +0.04
IEMG iShares Core MSCI Emerging Add +6.3% 1.00% +0.04
GH Guardant Health Inc. Add +1.0% 0.10% +0.04
VPL Vanguard Ftse Pacific ETF Add +11.1% 0.34% +0.03
BBIO Bridgebio Pharma Inc. Add +1.0% 0.08% +0.03
KRYS Krystal Biotech Inc. Add +1.0% 0.09% +0.02
GMED Globus Medical Inc. Class A Add +1.0% 0.07% +0.02
NTRA Natera Inc. Add +1.0% 0.08% +0.02
SPEM State Street SP PTF Em ETF Add +9.2% 0.42% +0.02
FLCA Franklin Ftse Canada ETF Add +9.2% 0.15% +0.02
AMD Advanced Micro Devices Add +1.0% 0.07% +0.01
NOK Nokia Corp.-Spon ADR Add +1.0% 0.06% +0.01
LRCX Lam Research Corp. Add +1.0% 0.07% +0.01
INSM Insmed Inc. Add +1.0% 0.08% +0.01
WGS Genedx Holdings Corp. Add +1.0% 0.07% +0.01
ARGX Argenx SE - ADR Add +1.0% 0.09% +0.01
CVNA Carvana Co. Add +1.0% 0.08% +0.01
GLBE Global-E Online Ltd. Add +1.0% 0.07% +0.00
SHOP Shopify Inc. Class A Add +1.0% 0.09% +0.00
ASND Ascendis Pharma A/S Add +1.0% 0.08% +0.00
AVGO Broadcom Inc. Add +1.0% 0.15% +0.00
CSCO Cisco Systems Inc. Add +1.0% 0.03% +0.00
ADI Analog Devices Inc. Add +1.0% 0.04% +0.00
ASML ASML Holding NV-NY Reg SHS Add +1.0% 0.03% +0.00
QBTS D-Wave Quantum Inc. Add +1.0% 0.06% +0.00
JBTM JBT Marel Corp. Add +1.0% 0.04% +0.00
NU Nu Holdings Ltd./Cayman Isl-A Add +1.0% 0.06% +0.00
ATS Ats Corp. Add +1.0% 0.03% +0.00
IBM Intl Business Machines Corp. Add +1.0% 0.02% +0.00
PEGA Pegasystems Inc. Add +1.0% 0.04% +0.00
DE Deere & Co. Add +1.0% 0.03% −0.00
EMR Emerson Electric Co. Add +1.0% 0.02% −0.00
NBIX Neurocrine Biosciences Inc. Add +1.0% 0.04% −0.00
SMMNY Siemens Healthinee-Unsp ADR Add +1.0% 0.03% −0.00
TOST Toast Inc. Class A Add +1.0% 0.04% −0.00
TTWO Take-Two Interactive Softwre Add +1.0% 0.08% −0.00
EBAY eBay Inc. Add +1.0% 0.04% −0.00
INTU Intuit Inc. Add +1.0% 0.06% −0.00
SOFI Sofi Technologies Inc. Add +1.0% 0.09% −0.00
TCOM Trip.com Group Ltd.-ADR Add +1.0% 0.05% −0.00

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