Main Management Fund Advisors LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Main Management Fund Advisors LLC reported 6 stock positions worth $838.6 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 48.7% of the portfolio, followed by Vaneck Semiconductor ETF (SMH, 13.4%) and Invesco Nasdaq 100 ETF (QQQM, 11.1%). Compared with Q1 2025, it added to 6. The biggest buy was Vaneck Semiconductor ETF (SMH, shares +9%).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001862787
- Portfolio Value
- $838.6M (Q2 2025)
- SEC Filing
- 0001583092-25-000011 ↗ filed Aug 12, 2025
Holdings Value
Holdings 6 stocks · $838.6M
| IVV iShares Core S&P 500 ETF | 48.71% | 657,900 | $408.5M | Add +8.8% |
| SMH Vaneck Semiconductor ETF | 13.40% | 403,000 | $112.4M | Add +8.8% |
| QQQM Invesco Nasdaq 100 ETF | 11.12% | 410,800 | $93.3M | Add +8.1% |
| XLC SS Comm Select Sector SPDR | 9.57% | 739,200 | $80.2M | Add +8.4% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 9.02% | 926,700 | $75.7M | Add +8.4% |
| XLY SS Consumer Disc Select Sect | 8.18% | 315,500 | $68.6M | Add +7.9% |
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
| SMH Vaneck Semiconductor ETF | Add +8.8% | 13.40% | +1.92 |
| QQQM Invesco Nasdaq 100 ETF | Add +8.1% | 11.12% | +0.37 |
| XLC SS Comm Select Sector SPDR | Add +8.4% | 9.57% | −0.07 |
| XLY SS Consumer Disc Select Sect | Add +7.9% | 8.18% | −0.29 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +8.4% | 9.02% | −0.86 |
| IVV iShares Core S&P 500 ETF | Add +8.8% | 48.71% | −1.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 8 | $1.4B | SPYM, IVV, QQQM, XLE, XLU |
| Q1 2026 | 6 | $1.2B | IVV, BKLC, STIP, QQQM, XLC |
| Q4 2025 | 7 | $1.1B | IVV, BKLC, XLF, XLC, QQQM |
| Q3 2025 | 8 | $1.0B | IVV, BKLC, XLC, SMH, XLU |
| Q2 2025 | 6 | $838.6M | IVV, SMH, QQQM, XLC, XLU |
| Q1 2025 | 6 | $682.3M | IVV, SMH, QQQM, XLU, XLC |
| Q4 2024 | 6 | $655.0M | SPY, SMH, QQQM, XLC, XLY |
| Q3 2024 | 5 | $583.2M | SPY, SMH, XLC, XLU, QQQM |
| Q2 2024 | 6 | $555.1M | SPY, SMH, XLC, XBI, XLU |
| Q1 2024 | 6 | $491.9M | SPY, SMH, XBI, XLC, XLU |