Main Management Fund Advisors LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Main Management Fund Advisors LLC reported 7 stock positions worth $1.1 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 38.6% of the portfolio, followed by BNY Mellon US LRG Cap Cor (BKLC, 12.3%) and SS Financial Select Sector (XLF, 10.0%). Compared with Q3 2025, it opened 2 new positions, sold out of 3 and added to 5. The biggest buy was a new position in SS Financial Select Sector (XLF) and the biggest sale an exit from Vaneck Semiconductor ETF (SMH).
- Most Recent 13F
- Q2 2026
- Location
- SAN FRANCISCO, CA
- CIK
- 0001862787
- Portfolio Value
- $1.1B (Q4 2025)
- SEC Filing
- 0001862787-26-000002 ↗ filed Feb 10, 2026
Holdings Value
Holdings 7 stocks · $1.1B
| IVV iShares Core S&P 500 ETF | 38.56% | 617,500 | $422.9M | Add +9.6% |
| BKLC BNY Mellon US LRG Cap Cor | 12.27% | 1,028,900 | $134.6M | Add +3.1% |
| XLF SS Financial Select Sector | 9.98% | 1,998,400 | $109.5M | New |
| XLC SS Comm Select Sector SPDR | 9.94% | 926,500 | $109.1M | Add +10.9% |
| QQQM Invesco Nasdaq 100 ETF | 9.90% | 429,200 | $108.6M | Add +25.2% |
| XLE SS Energy Select Sector | 9.87% | 2,420,800 | $108.2M | New |
| XLV SS Health Care Select Sector | 9.48% | 671,500 | $103.9M | Add +29.1% |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| XLF SS Financial Select Sector | New | 9.98% | +9.98 |
| XLE SS Energy Select Sector | New | 9.87% | +9.87 |
| XLV SS Health Care Select Sector | Add +29.1% | 9.48% | +2.46 |
| IVV iShares Core S&P 500 ETF | Add +9.6% | 38.56% | +2.02 |
| QQQM Invesco Nasdaq 100 ETF | Add +25.2% | 9.90% | +1.69 |
| XLC SS Comm Select Sector SPDR | Add +10.9% | 9.94% | +0.36 |
| BKLC BNY Mellon US LRG Cap Cor | Add +3.1% | 12.27% | −0.15 |
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 |