Main Management LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Main Management LLC reported 154 stock positions worth $1.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.1% of the portfolio, followed by Main International ETF (INTL, 7.5%) and Main Buywrite ETF (BUYW, 7.3%). Compared with Q4 2023, it opened 17 new positions, sold out of 7, added to 33 and reduced 27. The biggest buy was a new position in Schwab US Treasury Money-Ult (SUTXX) and the biggest sale SS Industrial Select Sector (XLI, shares −90%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001583092
Portfolio Value
$1.2B (Q1 2024)
SEC Filing
0001583092-24-000007 ↗ filed May 15, 2024

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $1.2B $1.2B Q1 2024 Q2 2024: $1.2B Q2 2024 Q3 2024: $1.2B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.3B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.4B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 154 stocks · $1.2B
SPY SS SPDR S&P 500 ETF Trust-US 11.09% 248,385 $129.9M Reduce -0.3%
INTL Main International ETF 7.54% 3,824,673 $88.3M Add +1.1%
BUYW Main Buywrite ETF 7.26% 6,224,065 $85.1M Add +3.1%
XLC SS Comm Select Sector SPDR 6.83% 979,641 $80.0M Add +17.1%
IJK iShares S&P Mid-Cap 400 Grow 6.55% 841,507 $76.8M Add +0.3%
QQQ Invesco QQQ Trust Series 1 4.84% 127,738 $56.7M Add +0.7%
SMH Vaneck Semiconductor ETF 4.64% 241,517 $54.3M Reduce -0.4%
TMAT Main Thematic Innovation ETF 4.29% 2,864,614 $50.2M Add +0.1%
SUTXX Schwab US Treasury Money-Ult 3.93% 46,080,245 $46.1M New
KRE SS SPDR S&P Regional Bank 3.91% 910,712 $45.8M Add +31.4%
XLK SS Technology Select Sector 3.75% 211,215 $44.0M Add +0.1%
XLV SS Health Care Select Sector 2.91% 231,057 $34.1M Reduce -3.4%
RSP Invesco S&P 500 Equal Weight 2.48% 171,353 $29.0M Add +0.6%
IJR iShares Core S&P Small-Cap E 2.07% 218,905 $24.2M Add +126434.7%
IGV iShares Expanded Tech-Softwa 2.01% 275,553 $23.5M Reduce -4.6%
VHT Vanguard Health Care ETF 1.91% 82,647 $22.4M Reduce -0.0%
VDE Vanguard Energy ETF 1.88% 166,855 $22.0M Reduce -41.4%
SECT Main Sector Rotation ETF 1.82% 424,035 $21.4M Add +6.2%
XBI SS SPDR S&P Biotech ETF 1.81% 224,080 $21.3M Add +0.7%
ARKG ARK Genomic Revolution ETF 1.68% 683,244 $19.6M Add +0.3%
QQQM Invesco Nasdaq 100 ETF 1.39% 89,383 $16.3M Add +1.5%
SNSXX Schwab US Treasury Money-Inv 1.36% 15,937,039 $15.9M New
IEFA iShares Core MSCI Eafe ETF 1.27% 199,896 $14.8M Reduce -0.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.10% 196,400 $12.9M Add +0.2%
SGUXX Schwab Govt MNY FND-Ult 1.08% 12,629,454 $12.6M New
VEU Vanguard Ftse All-World Ex-U 1.05% 209,143 $12.3M Add +2.2%
SHY iShares 1-3 Year Treasury Bo 1.00% 143,928 $11.8M Reduce -0.5%
VXUS Vanguard Total Intl Stock 0.86% 167,338 $10.1M Add +0.3%
BND Vanguard Total Bond Market 0.85% 136,547 $9.9M Reduce -0.2%
XLF SS Financial Select Sector 0.60% 166,678 $7.0M Reduce -23.6%
SLQD iShares 0-5 YR Inv GRD Corp. 0.56% 132,239 $6.5M Add +4.5%
OIH Vaneck Oil Services ETF 0.50% 17,541 $5.9M Add +15.1%
IGSB iShares 1-5Y Inv Grade Corp. 0.49% 111,002 $5.7M Add +6.3%
TFLO iShares Treasury Floating Ra 0.38% 88,048 $4.5M Reduce -4.4%
VFH Vanguard Financials ETF 0.34% 39,353 $4.0M No change
XLI SS Industrial Select Sector 0.34% 31,347 $3.9M Reduce -90.0%
XLE SS Energy Select Sector 0.24% 30,231 $2.9M Add +57.1%
IAI iShares U.S. Broker-Dealers 0.24% 24,000 $2.8M Reduce -30.6%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.23% 97,006 $2.7M Reduce -4.2%
AGG iShares Core U.S. Aggregate 0.23% 27,026 $2.6M Add +11.8%
VWO Vanguard Ftse Emerging Marke 0.21% 58,969 $2.5M Reduce -4.2%
BIL SS SPDR BB 1-3M T-Bill ETF 0.20% 26,088 $2.4M Add +5.0%
VGT Vanguard Info Tech ETF 0.18% 4,046 $2.1M Add +13.5%
SNOXX Schwab Trsry Obl MNY-Inv 0.18% 2,115,145 $2.1M New
GDX Vaneck Gold Miners ETF 0.16% 59,094 $1.9M No change
SCOXX Schwab Trsry Obl MNY-Ult 0.15% 1,808,690 $1.8M New
ITB iShares U.S. Home Constructi 0.14% 14,215 $1.6M Reduce -29.7%
SOXX iShares Semiconductor ETF 0.13% 6,602 $1.5M Add +8.5%
XME SS SPDR S&P Metals Mining 0.10% 18,700 $1.1M No change
VEA Vanguard Ftse Developed ETF 0.09% 19,954 $1.0M Add +10.1%
VOO Vanguard S&P 500 ETF 0.08% 1,937 $931K Add +62.5%
KBE SS SPDR S&P Bank ETF 0.07% 17,500 $824K Reduce -42.7%
IWF iShares Russell 1000 Growth 0.06% 2,126 $717K No change
AIQ Global X Art Intel & Tech 0.05% 17,072 $580K Add +54.2%
SNVXX Schwab Govt MNY FND-Inv 0.04% 502,934 $503K New
DVY iShares Select Dividend ETF 0.04% 3,505 $432K No change
VYM Vanguard High DVD Yield ETF 0.04% 3,546 $429K No change
ACWX iShares MSCI Acwi Ex US ETF 0.03% 7,654 $409K Add +17.5%
SWVXX Schwa Prime Adv Money FD-Inv filed as SCHWAB VALUE ADVANTAGE M 0.03% 399,614 $400K New
NEAR iShares SH Dba ETF Usd Inc. 0.03% 7,595 $383K No change
VCSH Vanguard S/T Corp. Bond ETF 0.03% 4,954 $383K No change
VT Vanguard Tot World STK ETF 0.03% 3,148 $348K Reduce -0.6%
VTI VG Morningstar TS MKT ETF-US 0.03% 1,207 $314K Add +123.1%
GLD SPDR Gold Shares 0.03% 1,516 $312K No change
ETHE Grayscale Ethereum Staking E 0.03% 11,366 $297K No change
IJH iShares Core S&P Midcap ETF 0.03% 4,825 $293K No change
USFR Wisdomtree Floating Rate Tre 0.03% 5,819 $293K Reduce -3.6%
KWEB Kranesh Csi China Internet 0.02% 10,400 $273K Reduce -31.9%
GDXJ Vaneck Junior Gold Miners 0.02% 6,644 $257K No change
TLT iShares 20+ Year Treasury BD 0.02% 2,473 $234K Reduce -26.9%
IEMG iShares Core MSCI Emerging 0.02% 4,470 $231K Reduce -41.9%
SCHB Schwab US Broad Market ETF 0.02% 3,740 $228K No change
IWM iShares Russell 2000 ETF 0.02% 1,069 $225K No change
KEMX Kraneshares MSCI E-MKT Ex-CH 0.02% 7,177 $211K No change
EEM iShares MSCI Emerging Market 0.02% 5,000 $205K New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 807 $202K No change
GSY Invesco Ultra Short Duration 0.02% 3,652 $182K No change
VIG Vanguard Dividend Apprec ETF 0.01% 833 $152K No change
IWO iShares Russell 2000 Growth 0.01% 544 $147K No change
PWZ Invesco California Amt-Free 0.01% 5,489 $137K Reduce -6.0%
CMF iShares California Muni Bond 0.01% 2,293 $132K Reduce -4.2%
IVV iShares Core S&P 500 ETF 0.01% 235 $124K No change
EFA iShares MSCI Eafe ETF 0.01% 1,497 $120K Reduce -27.1%
FLJP Franklin Ftse Japan ETF 0.01% 3,485 $108K No change
EWH iShares MSCI Hong Kong ETF 0.01% 6,873 $107K Add +266.9%
ARKF ARK Blockchain & Fintech Inn 0.01% 3,358 $102K No change
JPST JPMorgan Ultra-Short Income 0.01% 1,959 $99K No change
ROBT First Trust Nasdaq Artificia 0.01% 2,013 $91K No change
MINT PIMCO Enhanced Short Maturit 0.01% 820 $82K Reduce -61.9%
ESPO Vaneck Videogaming Esports 0.01% 1,178 $74K No change
ONLN Proshares Online Retail ETF 0.01% 1,851 $73K No change
IPO Renaissance Ipo ETF 0.01% 1,752 $73K No change
QQQJ Invesco Nasdaq Next Gen 100 0.01% 2,500 $72K New
GBTC Grayscale Bitcoin Trust ETF 0.01% 1,100 $69K No change
ARKK ARK Innovation ETF 0.01% 1,300 $65K No change
XCEM Columbia Em Core Ex-China 0.01% 2,095 $65K No change
IBB iShares Biotechnology ETF 0.01% 452 $62K No change
IWB iShares Russell 1000 ETF 0.01% 208 $60K No change
IWD iShares Russell 1000 Value E 0.01% 323 $58K No change
KSTR Kraneshares China Technology 0.01% 5,309 $58K Add +1618.1%
QTUM Defiance Quantum ETF 0.00% 928 $57K No change
TAN Invesco Solar ETF 0.00% 1,225 $56K No change
VGSH Vanguard Short-Term Treasury 0.00% 956 $56K No change
SGOV iShares 0-3 Month Treasury B 0.00% 545 $55K New
SKYY First Trust Cloud Computing 0.00% 562 $54K No change
VB Vanguard Most SM-Cap ETF-Usd 0.00% 229 $52K New
EXCHANGE TRADED CONCEPTS TRU 0.00% 3,890 $51K No change
FLMX Franklin Ftse Mexico ETF 0.00% 1,472 $50K No change
EWQ iShares MSCI France ETF 0.00% 1,181 $49K No change
CLOU Global X Cloud Computing ETF 0.00% 2,125 $46K No change
FLKR Franklin Ftse South Korea 0.00% 1,945 $45K No change
EWZ iShares MSCI Brazil ETF 0.00% 1,240 $40K No change
EWG iShares MSCI Germany ETF 0.00% 1,258 $40K No change
EWD iShares MSCI Sweden ETF 0.00% 929 $37K No change
XRT SS SPDR S&P Retail ETF 0.00% 460 $36K No change
IZRL ARK Israel Innovative Techno 0.00% 1,670 $35K No change
FLIN Franklin Ftse India ETF 0.00% 933 $34K No change
EWT iShares MSCI Taiwan ETF 0.00% 671 $33K No change
FLCH Franklin Ftse China ETF 0.00% 2,033 $32K No change
EWC iShares MSCI Canada ETF 0.00% 813 $31K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.00% 316 $30K No change
URA Global X Uranium ETF 0.00% 1,000 $29K New
XNEAX Nuveen Amt-FR QLTY Muni Inc. 0.00% 2,541 $28K New
SCJ iShares MSCI Japan Small-Cap 0.00% 344 $26K No change
FLGR Franklin Ftse Germany ETF 0.00% 839 $21K No change
XLB SS Materials Select Sector 0.00% 225 $21K No change
ASHR Xtrackers Harvest Csi 300 CH 0.00% 820 $20K No change
EPOL iShares MSCI Poland ETF 0.00% 865 $20K No change
SMIN iShares MSCI India Small-Cap 0.00% 288 $20K No change
IHI iShares U.S. Medical Devices 0.00% 317 $19K Reduce -47.4%
IWR iShares Russell Mid-Cap ETF 0.00% 200 $17K No change
NAC Nuveen Ca QLTY Muni Inc. 0.00% 1,500 $17K New
EMB iShares JP Morgan Usd Emergi 0.00% 184 $16K No change
FLTW Franklin Ftse Taiwan ETF 0.00% 315 $14K No change
SCZ iShares MSCI Eafe Small-Cap 0.00% 221 $14K No change
ITA iShares U.S. Aerospace & Def 0.00% 100 $13K No change
IBIT iShares Bitcoin Trust ETF 0.00% 315 $13K New
EMLC Vaneck JPM Em Local Curr BND 0.00% 522 $13K No change
FMQQ FMQQ the Next Fron Int-Usd I filed as EXCHANGE TRADED CONCEPTS TRU 0.00% 1,000 $12K No change
CGW Invesco S&P Global Water Ind 0.00% 200 $11K No change
CQQQ Invesco China Technology ETF 0.00% 347 $11K No change
IAU iShares Gold Trust 0.00% 250 $11K No change
IEO iShares U.S. Oil & Gas Explo 0.00% 100 $11K New
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 70 $11K No change
OEF iShares S&P 100 ETF 0.00% 40 $10K No change
INQQ Inqq the India Internet ETF filed as EXCHANGE TRADED CONCEPTS TRU 0.00% 478 $7K No change
BNDX Vanguard Total Intl Bond ETF 0.00% 137 $7K No change
WGMI CS BTC Min Dig PWR ETF 0.00% 354 $6K Add +77.0%
VOE Vngrd Mrngstr MD-Cap Val ETF 0.00% 27 $4K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 21 $4K No change
MSOS Advisorshares Pure US Cann 0.00% 210 $2K New
VTIP Vanguard Short-Term Tips 0.00% 38 $2K No change
STIP iShares 0-5 Year Tips Bond E 0.00% 3 $0 No change
KURE Kraneshares MSCI All China H 0.00% 11 $0 No change

Portfolio Sells Q4 2023 → Q1 2024
XLI SS Industrial Select Sector Reduce -90.0% 0.34% −3.17
VDE Vanguard Energy ETF Reduce -41.4% 1.88% −1.40
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.3% 11.09% −0.53
IGV iShares Expanded Tech-Softwa Reduce -4.6% 2.01% −0.29
XLV SS Health Care Select Sector Reduce -3.4% 2.91% −0.29
XLF SS Financial Select Sector Reduce -23.6% 0.60% −0.21
FXR First Trust Indst/Producers Sold out 0.00% −0.19
SHY iShares 1-3 Year Treasury Bo Reduce -0.5% 1.00% −0.16
BND Vanguard Total Bond Market Reduce -0.2% 0.85% −0.14
IAI iShares U.S. Broker-Dealers Reduce -30.6% 0.24% −0.13
VHT Vanguard Health Care ETF Reduce -0.0% 1.91% −0.13
IEFA iShares Core MSCI Eafe ETF Reduce -0.1% 1.27% −0.12
TFLO iShares Treasury Floating Ra Reduce -4.4% 0.38% −0.08
KBE SS SPDR S&P Bank ETF Reduce -42.7% 0.07% −0.07
ITB iShares U.S. Home Constructi Reduce -29.7% 0.14% −0.06
SPTL SS SPDR PF LNG TRM TSY E-Usd Reduce -4.2% 0.23% −0.06
VWO Vanguard Ftse Emerging Marke Reduce -4.2% 0.21% −0.04
EWW iShares MSCI Mexico ETF Sold out 0.00% −0.03
IEMG iShares Core MSCI Emerging Reduce -41.9% 0.02% −0.02
KWEB Kranesh Csi China Internet Reduce -31.9% 0.02% −0.02
MINT PIMCO Enhanced Short Maturit Reduce -61.9% 0.01% −0.01
TLT iShares 20+ Year Treasury BD Reduce -26.9% 0.02% −0.01
DFJ Wisdomtree JPN S/C DVD Fund Sold out 0.00% −0.01
EFA iShares MSCI Eafe ETF Reduce -27.1% 0.01% −0.01
USFR Wisdomtree Floating Rate Tre Reduce -3.6% 0.03% −0.00
PWZ Invesco California Amt-Free Reduce -6.0% 0.01% −0.00
CMF iShares California Muni Bond Reduce -4.2% 0.01% −0.00
VT Vanguard Tot World STK ETF Reduce -0.6% 0.03% −0.00
IHI iShares U.S. Medical Devices Reduce -47.4% 0.00% −0.00
CIBR First Trust Nasdaq Cybersecu Sold out 0.00% −0.00
PHO Invesco Water Resources ETF Sold out 0.00% −0.00
ACES Alps Clean Energy ETF Sold out 0.00% −0.00
ICLN iShares Global Clean Energy Sold out 0.00% −0.00
SMH Vaneck Semiconductor ETF Reduce -0.4% 4.64% +0.47

Portfolio Buys Q4 2023 → Q1 2024
SUTXX Schwab US Treasury Money-Ult New 3.93% +3.93
IJR iShares Core S&P Small-Cap E Add +126434.7% 2.07% +2.06
SNSXX Schwab US Treasury Money-Inv New 1.36% +1.36
SGUXX Schwab Govt MNY FND-Ult New 1.08% +1.08
XLC SS Comm Select Sector SPDR Add +17.1% 6.83% +0.86
KRE SS SPDR S&P Regional Bank Add +31.4% 3.91% +0.34
SNOXX Schwab Trsry Obl MNY-Inv New 0.18% +0.18
SCOXX Schwab Trsry Obl MNY-Ult New 0.15% +0.15
XLE SS Energy Select Sector Add +57.1% 0.24% +0.09
SNVXX Schwab Govt MNY FND-Inv New 0.04% +0.04
OIH Vaneck Oil Services ETF Add +15.1% 0.50% +0.04
SWVXX Schwa Prime Adv Money FD-Inv New 0.03% +0.03
IJK iShares S&P Mid-Cap 400 Grow Add +0.3% 6.55% +0.03
VOO Vanguard S&P 500 ETF Add +62.5% 0.08% +0.03
EEM iShares MSCI Emerging Market New 0.02% +0.02
AIQ Global X Art Intel & Tech Add +54.2% 0.05% +0.02
VTI VG Morningstar TS MKT ETF-US Add +123.1% 0.03% +0.01
SOXX iShares Semiconductor ETF Add +8.5% 0.13% +0.01
VGT Vanguard Info Tech ETF Add +13.5% 0.18% +0.01
QQQJ Invesco Nasdaq Next Gen 100 New 0.01% +0.01
EWH iShares MSCI Hong Kong ETF Add +266.9% 0.01% +0.01
SGOV iShares 0-3 Month Treasury B New 0.00% +0.00
KSTR Kraneshares China Technology Add +1618.1% 0.01% +0.00
VB Vanguard Most SM-Cap ETF-Usd New 0.00% +0.00
URA Global X Uranium ETF New 0.00% +0.00
XNEAX Nuveen Amt-FR QLTY Muni Inc. New 0.00% +0.00
ACWX iShares MSCI Acwi Ex US ETF Add +17.5% 0.03% +0.00
NAC Nuveen Ca QLTY Muni Inc. New 0.00% +0.00
IBIT iShares Bitcoin Trust ETF New 0.00% +0.00
IEO iShares U.S. Oil & Gas Explo New 0.00% +0.00
MSOS Advisorshares Pure US Cann New 0.00% +0.00
VEA Vanguard Ftse Developed ETF Add +10.1% 0.09% +0.00
WGMI CS BTC Min Dig PWR ETF Add +77.0% 0.00% +0.00
SECT Main Sector Rotation ETF Add +6.2% 1.82% −0.00
AGG iShares Core U.S. Aggregate Add +11.8% 0.23% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Add +5.0% 0.20% −0.02
IGSB iShares 1-5Y Inv Grade Corp. Add +6.3% 0.49% −0.04
SLQD iShares 0-5 YR Inv GRD Corp. Add +4.5% 0.56% −0.06
QQQM Invesco Nasdaq 100 ETF Add +1.5% 1.39% −0.06
VEU Vanguard Ftse All-World Ex-U Add +2.2% 1.05% −0.08
VXUS Vanguard Total Intl Stock Add +0.3% 0.86% −0.09
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.2% 1.10% −0.12
XBI SS SPDR S&P Biotech ETF Add +0.7% 1.81% −0.14
RSP Invesco S&P 500 Equal Weight Add +0.6% 2.48% −0.16
XLK SS Technology Select Sector Add +0.1% 3.75% −0.23
QQQ Invesco QQQ Trust Series 1 Add +0.7% 4.84% −0.26
TMAT Main Thematic Innovation ETF Add +0.1% 4.29% −0.31
ARKG ARK Genomic Revolution ETF Add +0.3% 1.68% −0.52
BUYW Main Buywrite ETF Add +3.1% 7.26% −0.72
INTL Main International ETF Add +1.1% 7.54% −0.73

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 95$1.5BXLK, SPY, BUYW, INTL, TMAT
Q1 2026 102$1.4BSPY, BUYW, XLK, INTL, XLF
Q4 2025 104$1.4BSPY, BUYW, XLF, XLV, XLC
Q3 2025 105$1.4BSPY, BUYW, XLC, INTL, XLK
Q2 2025 104$1.3BSPY, BUYW, XLC, INTL, QQQ
Q1 2025 114$1.1BSPY, BUYW, XLC, INTL, QQQ
Q4 2024 134$1.2BSPY, BUYW, XLC, QQQ, INTL
Q3 2024 140$1.2BSPY, BUYW, XLC, INTL, QQQ
Q2 2024 143$1.2BSPY, BUYW, INTL, XLC, IJK
Q1 2024 154$1.2BSPY, INTL, BUYW, XLC, IJK