Main Management LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Main Management LLC reported 102 stock positions worth $1.4 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 11.4% of the portfolio, followed by Main Buywrite ETF (BUYW, 10.8%) and SS Technology Select Sector (XLK, 9.4%). Compared with Q4 2025, it opened 10 new positions, sold out of 12, added to 22 and reduced 38. The biggest buy was a new position in Vanguard Industrials ETF (VIS) and the biggest sale SS Health Care Select Sector (XLV, shares −39%).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001583092
Portfolio Value
$1.4B (Q1 2026)
SEC Filing
0001583092-26-000003 ↗ filed May 15, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $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 $1.4B Q1 2026 Q2 2026: $1.5B Q2 2026

Holdings 102 stocks · $1.4B
SPY SS SPDR S&P 500 ETF Trust-US 11.38% 240,518 $156.4M Add +1.7%
BUYW Main Buywrite ETF 10.83% 10,572,577 $148.9M Add +31.6%
XLK SS Technology Select Sector 9.35% 967,146 $128.5M Add +43.6%
INTL Main International ETF 8.24% 3,988,792 $113.2M Add +6.8%
XLF SS Financial Select Sector 6.12% 1,703,866 $84.1M Reduce -16.8%
XLC SS Comm Select Sector SPDR 5.70% 706,812 $78.4M Reduce -21.9%
TMAT Main Thematic Innovation ETF 4.90% 2,902,437 $67.3M Reduce -0.8%
XLV SS Health Care Select Sector 4.66% 436,462 $64.0M Reduce -39.4%
XLY SS Consumer Disc Select Sect 3.84% 484,338 $52.8M Reduce -4.3%
VIS Vanguard Industrials ETF 3.78% 166,564 $52.0M New
QQQ Invesco QQQ Trust Series 1 3.26% 77,497 $44.7M Reduce -34.1%
QQQM Invesco Nasdaq 100 ETF 3.22% 186,163 $44.2M Reduce -3.4%
RSP Invesco S&P 500 Equal Weight 2.94% 210,284 $40.4M Add +12.2%
VEU Vanguard Ftse All-World Ex-U 1.83% 334,264 $25.1M Add +34.3%
XLB SS Materials Select Sector 1.75% 482,361 $24.1M Add +25.3%
SECT Main Sector Rotation ETF 1.75% 397,084 $24.0M Reduce -2.3%
XLE SS Energy Select Sector 1.59% 356,200 $21.8M Add +3.3%
VFH Vanguard Financials ETF 1.38% 157,110 $19.0M Add +209.7%
BND Vanguard Total Bond Market 1.23% 229,976 $16.9M Reduce -27.6%
VHT Vanguard Health Care ETF 1.22% 61,727 $16.8M Reduce -7.4%
VGT Vanguard Info Tech ETF 1.21% 23,778 $16.6M Add +1.3%
IEFA iShares Core MSCI Eafe ETF 1.15% 174,188 $15.8M Reduce -13.7%
ITB iShares U.S. Home Constructi 1.09% 165,379 $15.0M Reduce -3.5%
SUTXX Schwab US Treasury Money-Ult 0.94% 12,982,212 $13.0M Add +3.9%
SGOV iShares 0-3 Month Treasury B 0.90% 122,957 $12.4M Reduce -34.9%
SHY iShares 1-3 Year Treasury Bo 0.80% 132,756 $11.0M Add +498.5%
AGG iShares Core U.S. Aggregate 0.79% 108,682 $10.8M Add +43.4%
IGV iShares Expanded Tech-Softwa 0.46% 79,766 $6.4M Reduce -8.9%
VXUS Vanguard Total Intl Stock 0.46% 82,166 $6.3M Reduce -55.3%
XLI SS Industrial Select Sector 0.41% 34,746 $5.6M Add +62.8%
IGSB iShares 1-5Y Inv Grade Corp. 0.41% 106,259 $5.6M Reduce -33.9%
SNSXX Schwab US Treasury Money-Inv 0.34% 4,662,273 $4.7M Reduce -8.2%
IEMG iShares Core MSCI Emerging 0.28% 55,271 $3.9M Add +251.9%
IJK iShares S&P Mid-Cap 400 Grow 0.23% 31,131 $3.1M Add +23.5%
VWO Vanguard Ftse Emerging Marke 0.21% 52,243 $2.8M Reduce -38.2%
VCR Vanguard Consumer Discre ETF 0.20% 7,741 $2.8M New
OIH Vaneck Oil Services ETF 0.15% 5,000 $2.0M Reduce -51.6%
SWVXX Schwa Prime Adv Money FD-Inv filed as SCHWAB PRIME ADVANTAGE MONEY INVESTOR 0.15% 2,018,052 $2.0M Reduce -10.7%
TFLO iShares Treasury Floating Ra 0.13% 34,093 $1.7M Reduce -0.6%
VEA Vanguard Ftse Developed ETF 0.11% 22,544 $1.4M Add +4.7%
VOO Vanguard S&P 500 ETF 0.06% 1,401 $837K Add +32.3%
ACWX iShares MSCI Acwi Ex US ETF 0.04% 7,597 $520K No change
GLD SPDR Gold Shares 0.04% 1,166 $502K No change
VYM Vanguard High DVD Yield ETF 0.03% 3,138 $465K Reduce -0.9%
VCSH Vanguard S/T Corp. Bond ETF 0.03% 4,954 $393K No change
GDX Vaneck Gold Miners ETF 0.03% 4,000 $367K No change
VT Vanguard Tot World STK ETF 0.03% 2,569 $355K Reduce -1.6%
IJH iShares Core S&P Midcap ETF 0.02% 4,825 $326K No change
EEM iShares MSCI Emerging Market 0.02% 5,000 $284K No change
IVV iShares Core S&P 500 ETF 0.02% 428 $280K No change
SCHB Schwab US Broad Market ETF 0.02% 9,660 $242K Reduce -7.9%
IWM iShares Russell 2000 ETF 0.02% 921 $228K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 2,379 $218K Reduce -25.6%
SMH Vaneck Semiconductor ETF 0.02% 568 $218K Reduce -96.7%
XME SS SPDR S&P Metals Mining 0.02% 2,000 $216K No change
GDXJ Vaneck Junior Gold Miners 0.02% 1,764 $212K No change
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.02% 727 $209K Reduce -6.0%
GSY Invesco Ultra Short Duration 0.01% 3,652 $183K No change
VIG Vanguard Dividend Apprec ETF 0.01% 833 $179K No change
VDE Vanguard Energy ETF 0.01% 950 $164K No change
IWF iShares Russell 1000 Growth 0.01% 355 $151K New
VTI VG Morningstar TS MKT ETF-US 0.01% 463 $149K Add +0.2%
USFR Wisdomtree Floating Rate Tre 0.01% 2,790 $140K Reduce -13.4%
XBI SS SPDR S&P Biotech ETF 0.01% 1,030 $132K No change
SNOXX Schwab Trsry Obl MNY-Inv 0.01% 131,851 $132K Add +21.1%
EFA iShares MSCI Eafe ETF 0.01% 1,297 $126K No change
JPST JPMorgan Ultra-Short Income 0.01% 2,167 $110K No change
PWZ Invesco California Amt-Free 0.01% 4,478 $107K Reduce -3.5%
CMF iShares California Muni Bond 0.01% 1,885 $107K Reduce -3.5%
SPEU State Street SPDR Portfolio 0.01% 2,078 $106K No change
ILF iShares Latin America 40 ETF 0.01% 2,760 $98K New
GRID First TRST Nasd Class Edg Sgiif 0.01% 488 $80K No change
IWD iShares Russell 1000 Value E 0.01% 323 $69K New
TAN Invesco Solar ETF 0.00% 1,225 $68K No change
VPL Vanguard Ftse Pacific ETF 0.00% 672 $66K Add +24.4%
SPEM State Street SP PTF Em ETF 0.00% 1,282 $60K No change
BTC Grayscale Bitcoin Mini ETF 0.00% 1,729 $52K New
IBB iShares Biotechnology ETF 0.00% 300 $51K No change
URA Global X Uranium ETF 0.00% 1,000 $48K No change
ICLN iShares Global Clean Energy 0.00% 1,487 $27K Add +5.1%
FLCH Franklin Ftse China ETF 0.00% 1,018 $23K No change
FLCA Franklin Ftse Canada ETF 0.00% 446 $22K No change
IAU iShares Gold Trust 0.00% 250 $22K No change
IJR iShares Core S&P Small-Cap E 0.00% 173 $22K New
FNDX Schwab Fndmntl US LRG Co. ETF 0.00% 720 $20K No change
SCZ iShares MSCI Eafe Small-Cap 0.00% 221 $17K New
ASHR Xtrackers Harvest Csi 300 CH 0.00% 500 $16K No change
CQQQ Invesco China Technology ETF 0.00% 347 $16K No change
ARKF ARK Blockchain & Fintech Inn 0.00% 368 $14K Reduce -80.4%
QTUM Defiance Quantum ETF 0.00% 120 $13K Reduce -80.3%
OEF iShares S&P 100 ETF 0.00% 40 $13K New
EMB iShares JP Morgan Usd Emergi 0.00% 142 $13K No change
IWR iShares Russell Mid-Cap ETF 0.00% 119 $12K No change
SCHX Schwab US Large-Cap ETF 0.00% 456 $12K No change
ROBT First Trust Nasdaq Artificia 0.00% 237 $11K Reduce -76.3%
ONLN Proshares Online Retail ETF 0.00% 202 $11K Reduce -78.0%
ESPO Vaneck Videogaming Esports 0.00% 125 $11K Reduce -82.6%
AIQ Global X Art Intel & Tech 0.00% 215 $10K Reduce -82.8%
SKYY First Trust Cloud Computing 0.00% 65 $7K Reduce -84.7%
VTV Vanguard Mrngstr Val ETF-Aui 0.00% 38 $7K New
CLOU Global X Cloud Computing ETF 0.00% 204 $4K No change
XCEM Columbia Em Core Ex-China 0.00% 60 $2K Reduce -52.0%

Portfolio Sells Q4 2025 → Q1 2026
XLV SS Health Care Select Sector Reduce -39.4% 4.66% −3.37
XLC SS Comm Select Sector SPDR Reduce -21.9% 5.70% −1.96
XLF SS Financial Select Sector Reduce -16.8% 6.12% −1.95
QQQ Invesco QQQ Trust Series 1 Reduce -34.1% 3.26% −1.95
VXUS Vanguard Total Intl Stock Reduce -55.3% 0.46% −0.54
XLY SS Consumer Disc Select Sect Reduce -4.3% 3.84% −0.51
SGOV iShares 0-3 Month Treasury B Reduce -34.9% 0.90% −0.46
BND Vanguard Total Bond Market Reduce -27.6% 1.23% −0.46
SMH Vaneck Semiconductor ETF Reduce -96.7% 0.02% −0.44
TMAT Main Thematic Innovation ETF Reduce -0.8% 4.90% −0.37
QQQM Invesco Nasdaq 100 ETF Reduce -3.4% 3.22% −0.29
IGSB iShares 1-5Y Inv Grade Corp. Reduce -33.9% 0.41% −0.21
IGV iShares Expanded Tech-Softwa Reduce -8.9% 0.46% −0.20
VHT Vanguard Health Care ETF Reduce -7.4% 1.22% −0.16
IEFA iShares Core MSCI Eafe ETF Reduce -13.7% 1.15% −0.15
SECT Main Sector Rotation ETF Reduce -2.3% 1.75% −0.14
VWO Vanguard Ftse Emerging Marke Reduce -38.2% 0.21% −0.12
ITB iShares U.S. Home Constructi Reduce -3.5% 1.09% −0.10
OIH Vaneck Oil Services ETF Reduce -51.6% 0.15% −0.06
SNSXX Schwab US Treasury Money-Inv Reduce -8.2% 0.34% −0.03
SWVXX Schwa Prime Adv Money FD-Inv Reduce -10.7% 0.15% −0.02
SOXX iShares Semiconductor ETF Sold out 0.00% −0.02
MSUXX Msilf Treasury Sec-Inst Sold out 0.00% −0.01
ARKF ARK Blockchain & Fintech Inn Reduce -80.4% 0.00% −0.01
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -25.6% 0.02% −0.01
IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.00
ESPO Vaneck Videogaming Esports Reduce -82.6% 0.00% −0.00
QTUM Defiance Quantum ETF Reduce -80.3% 0.00% −0.00
AIQ Global X Art Intel & Tech Reduce -82.8% 0.00% −0.00
KWEB Kranesh Csi China Internet Sold out 0.00% −0.00
SKYY First Trust Cloud Computing Reduce -84.7% 0.00% −0.00
EIDO iShares MSCI Indonesia ETF Sold out 0.00% −0.00
ONLN Proshares Online Retail ETF Reduce -78.0% 0.00% −0.00
BITQ Bitwise Crypto Indu Inno ETF Sold out 0.00% −0.00
PAVE Global X US Infrastructure Sold out 0.00% −0.00
ROBT First Trust Nasdaq Artificia Reduce -76.3% 0.00% −0.00
SWGXX Schwab Govt MNY FND-SWP Sold out 0.00% −0.00
ARKG ARK Genomic Revolution ETF Sold out 0.00% −0.00
SCHB Schwab US Broad Market ETF Reduce -7.9% 0.02% −0.00
USFR Wisdomtree Floating Rate Tre Reduce -13.4% 0.01% −0.00
FETH Fidelity Ethereum Fund Sold out 0.00% −0.00
FBTC Fidelity Wise Origin Bitcoin Sold out 0.00% −0.00
GBTC Grayscale Bitcoin Trust ETF Sold out 0.00% −0.00
VO Vngrd Mrngstr MD-Cap ETF-Usd Reduce -6.0% 0.02% −0.00
VT Vanguard Tot World STK ETF Reduce -1.6% 0.03% −0.00
PWZ Invesco California Amt-Free Reduce -3.5% 0.01% −0.00
CMF iShares California Muni Bond Reduce -3.5% 0.01% −0.00
XCEM Columbia Em Core Ex-China Reduce -52.0% 0.00% −0.00
TFLO iShares Treasury Floating Ra Reduce -0.6% 0.13% +0.00
VYM Vanguard High DVD Yield ETF Reduce -0.9% 0.03% +0.00

Portfolio Buys Q4 2025 → Q1 2026
VIS Vanguard Industrials ETF New 3.78% +3.78
BUYW Main Buywrite ETF Add +31.6% 10.83% +2.55
XLK SS Technology Select Sector Add +43.6% 9.35% +2.38
VFH Vanguard Financials ETF Add +209.7% 1.38% +0.89
INTL Main International ETF Add +6.8% 8.24% +0.73
SHY iShares 1-3 Year Treasury Bo Add +498.5% 0.80% +0.67
VEU Vanguard Ftse All-World Ex-U Add +34.3% 1.83% +0.51
XLB SS Materials Select Sector Add +25.3% 1.75% +0.50
XLE SS Energy Select Sector Add +3.3% 1.59% +0.48
RSP Invesco S&P 500 Equal Weight Add +12.2% 2.94% +0.35
AGG iShares Core U.S. Aggregate Add +43.4% 0.79% +0.24
IEMG iShares Core MSCI Emerging Add +251.9% 0.28% +0.20
VCR Vanguard Consumer Discre ETF New 0.20% +0.20
XLI SS Industrial Select Sector Add +62.8% 0.41% +0.17
IJK iShares S&P Mid-Cap 400 Grow Add +23.5% 0.23% +0.05
SUTXX Schwab US Treasury Money-Ult Add +3.9% 0.94% +0.05
VOO Vanguard S&P 500 ETF Add +32.3% 0.06% +0.01
IWF iShares Russell 1000 Growth New 0.01% +0.01
VEA Vanguard Ftse Developed ETF Add +4.7% 0.11% +0.01
ILF iShares Latin America 40 ETF New 0.01% +0.01
IWD iShares Russell 1000 Value E New 0.01% +0.01
BTC Grayscale Bitcoin Mini ETF New 0.00% +0.00
SNOXX Schwab Trsry Obl MNY-Inv Add +21.1% 0.01% +0.00
IJR iShares Core S&P Small-Cap E New 0.00% +0.00
VPL Vanguard Ftse Pacific ETF Add +24.4% 0.00% +0.00
SCZ iShares MSCI Eafe Small-Cap New 0.00% +0.00
OEF iShares S&P 100 ETF New 0.00% +0.00
VTV Vanguard Mrngstr Val ETF-Aui New 0.00% +0.00
ICLN iShares Global Clean Energy Add +5.1% 0.00% +0.00
VTI VG Morningstar TS MKT ETF-US Add +0.2% 0.01% −0.00
VGT Vanguard Info Tech ETF Add +1.3% 1.21% −0.07
SPY SS SPDR S&P 500 ETF Trust-US Add +1.7% 11.38% −0.22

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