Potomac Fund Management Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed October 2, 2025), Potomac Fund Management Inc. reported 97 stock positions worth $1.7 billion. Its top holding was iShares 0-3 Month Treasury B (SGOV) at 34.6% of the portfolio, followed by Direxion Daily S&P 500 Bull (SPXL, 16.7%) and Proshares Ultrapro S&P 500 (UPRO, 16.6%). Compared with Q1 2025, it opened 31 new positions, sold out of 6, added to 36 and reduced 30. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale an exit from Invesco QQQ Trust Series 1 (QQQ).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000826000
- Portfolio Value
- $1.7B (Q2 2025)
- SEC Filing
- 0000826000-25-000010 ↗ filed Oct 2, 2025
Holdings Value
Holdings 97 stocks · $1.7B
| SGOV iShares 0-3 Month Treasury B | 34.58% | 6,010,295 | $605.2M | New |
| SPXL Direxion Daily S&P 500 Bull | 16.65% | 1,679,167 | $291.4M | New |
| UPRO Proshares Ultrapro S&P 500 | 16.65% | 3,186,032 | $291.3M | New |
| XHLF Bondbloxx BBG 6 MTH US Treas | 12.41% | 4,314,654 | $217.2M | New |
| SECT Main Sector Rotation ETF | 2.69% | 804,635 | $47.0M | Add +6.7% |
| FALN iShares Fallen Angels ETF | 1.12% | 722,012 | $19.6M | New |
| EMB iShares JP Morgan Usd Emergi | 1.10% | 207,762 | $19.2M | Add +9.0% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.10% | 238,380 | $19.2M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.98% | 56,640 | $17.2M | New |
| JNK SS SPDR BB High Yield Bond | 0.97% | 174,648 | $17.0M | New |
| SPLV Invesco S&P 500 Low Volatili | 0.96% | 230,966 | $16.8M | New |
| DXJ Wisdomtree Japan Hedged Eq | 0.96% | 146,849 | $16.8M | New |
| XLP SS Consumer Staples Sel Sect | 0.95% | 205,651 | $16.7M | New |
| ITA iShares U.S. Aerospace & Def | 0.59% | 54,286 | $10.2M | New |
| FDN First Trust DJ Internet Ind | 0.58% | 37,911 | $10.2M | New |
| IAI iShares U.S. Broker-Dealers | 0.58% | 60,114 | $10.2M | New |
| EFG iShares MSCI Eafe Growth ETF | 0.58% | 90,361 | $10.1M | New |
| SILJ Amplify Junior Silver Miners | 0.58% | 681,015 | $10.1M | New |
| IGF iShares Global Infrastructur | 0.57% | 169,697 | $10.0M | New |
| EFV iShares MSCI Eafe Value ETF | 0.57% | 158,182 | $10.0M | New |
| BUYW Main Buywrite ETF | 0.41% | 514,136 | $7.2M | Add +24.6% |
| EDGI 3EDGE Dyna I National Eq ETF | 0.19% | 130,430 | $3.4M | Add +428.4% |
| MSFT Microsoft Corp. | 0.17% | 5,776 | $2.9M | Reduce -0.2% |
| TMAT Main Thematic Innovation ETF | 0.15% | 108,293 | $2.6M | Add +4.5% |
| EDGH 3EDGE Dynamic Hard Asset ETF | 0.14% | 91,131 | $2.4M | Add +91.5% |
| ABT Abbott Laboratories | 0.14% | 17,943 | $2.4M | New |
| JPM JPMorgan Chase & Co. | 0.13% | 8,113 | $2.3M | Reduce -1.9% |
| WFC Wells Fargo & Co. | 0.13% | 28,146 | $2.2M | Reduce -1.4% |
| GILD Gilead Sciences Inc. | 0.12% | 19,492 | $2.1M | Reduce -4.7% |
| LHX L3HARRIS Technologies Inc. | 0.12% | 8,034 | $2.1M | Add +1.8% |
| HON Honeywell International Inc. | 0.12% | 8,684 | $2.1M | Add +1.8% |
| SHEL Shell PLC-ADR | 0.11% | 27,724 | $2.0M | Add +3.4% |
| MCD McDonald's Corp. | 0.11% | 6,284 | $1.9M | Add +1.4% |
| HD Home Depot Inc. | 0.10% | 5,013 | $1.8M | Add +3.1% |
| DD Dupont DE Nemours Inc. | 0.10% | 24,090 | $1.8M | Add +3.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.10% | 5,566 | $1.7M | Add +3.4% |
| PG The Procter & Gamble Co. | 0.10% | 11,205 | $1.7M | Add +3.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.10% | 22,930 | $1.7M | New |
| ACN Accenture PLC Class A | 0.09% | 5,820 | $1.6M | Add +4.0% |
| CMCSA Comcast Corp. Class A | 0.09% | 47,141 | $1.6M | Add +4.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.09% | 21,708 | $1.5M | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 31,246 | $1.4M | New |
| EDGU 3EDGE US Equity | 0.08% | 54,866 | $1.4M | Add +38.8% |
| PNC PNC Financial Services Group | 0.08% | 7,188 | $1.4M | Add +2.1% |
| ADI Analog Devices Inc. | 0.08% | 5,752 | $1.4M | New |
| USB US Bancorp | 0.08% | 29,994 | $1.4M | Add +2.8% |
| IVV iShares Core S&P 500 ETF | 0.07% | 2,041 | $1.3M | Reduce -4.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.07% | 18,209 | $1.2M | Add +8.3% |
| UPS United Parcel Service Class B | 0.06% | 11,108 | $1.1M | Add +4.9% |
| EQIX Equinix Inc. | 0.06% | 1,393 | $1.1M | Add +2.9% |
| COP Conocophillips | 0.06% | 11,258 | $1.0M | Add +5.0% |
| MCHP Microchip Technology Inc. | 0.06% | 13,825 | $1.0M | Reduce -2.9% |
| PEP Pepsico Inc. | 0.06% | 7,587 | $1.0M | Add +5.5% |
| EDGF 3EDGE Dynamic Fixed Incm ETF | 0.05% | 36,404 | $900K | Reduce -63.6% |
| VEA Vanguard Ftse Developed ETF | 0.05% | 14,851 | $841K | Reduce -5.3% |
| AGG iShares Core U.S. Aggregate | 0.05% | 8,318 | $814K | Reduce -5.2% |
| CVX Chevron Corp. | 0.05% | 5,385 | $807K | Reduce -43.5% |
| JNJ Johnson & Johnson | 0.04% | 4,310 | $710K | Reduce -5.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.04% | 1,582 | $705K | Reduce -1.6% |
| AMZN Amazon.com Inc. | 0.04% | 3,119 | $696K | New |
| RTX RTX Corp. | 0.04% | 4,593 | $690K | New |
| TFLO iShares Treasury Floating Ra | 0.04% | 13,586 | $687K | Reduce -5.7% |
| STIP iShares 0-5 Year Tips Bond E | 0.04% | 6,469 | $664K | Add +24.2% |
| AMGN Amgen Inc. | 0.04% | 2,118 | $633K | New |
| ORCL Oracle Corp. | 0.04% | 2,618 | $632K | Add +10.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.03% | 3,131 | $554K | Reduce -1.2% |
| EVRG Evergy Inc. | 0.03% | 8,019 | $546K | Add +2.1% |
| SHY iShares 1-3 Year Treasury Bo | 0.03% | 6,588 | $543K | Reduce -32.6% |
| SRE Sempra | 0.03% | 7,175 | $540K | Add +3.7% |
| DEO Diageo PLC-Sponsored ADR | 0.03% | 5,067 | $523K | Add +7.6% |
| EMN Eastman Chemical Co. | 0.03% | 6,410 | $497K | Add +15.6% |
| VMBS Vanguard Mortgage-Backed Sec | 0.03% | 10,622 | $487K | Reduce -8.9% |
| IAU iShares Gold Trust | 0.03% | 7,431 | $469K | Reduce -13.6% |
| BNDX Vanguard Total Intl Bond ETF | 0.03% | 9,393 | $463K | Reduce -11.3% |
| BSV Vanguard Short-Term Bond ETF | 0.03% | 5,645 | $442K | Reduce -11.2% |
| V Visa Inc. Class A | 0.03% | 1,252 | $438K | Add +6.1% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.03% | 7,812 | $437K | Add +4.1% |
| EAGG iShares ESG Aware US Aggrega | 0.02% | 8,205 | $385K | Reduce -2.4% |
| MA Mastercard Inc. Class A | 0.02% | 669 | $372K | Add +2.0% |
| SHOP Shopify Inc. Class A | 0.02% | 3,034 | $364K | Add +2.1% |
| IJR iShares Core S&P Small-Cap E | 0.02% | 3,210 | $358K | Reduce -3.2% |
| IEI iShares 3-7 Year Treasury Bo | 0.02% | 2,908 | $343K | Reduce -7.2% |
| IJH iShares Core S&P Midcap ETF | 0.02% | 5,402 | $339K | Reduce -8.9% |
| VWO Vanguard Ftse Emerging Marke | 0.02% | 6,576 | $330K | Reduce -4.0% |
| LLY Eli Lilly & Co. | 0.02% | 372 | $294K | Add +7.5% |
| GOOG Alphabet Inc. Class C | 0.02% | 1,597 | $294K | Reduce -11.7% |
| XLV SS Health Care Select Sector | 0.02% | 2,143 | $288K | Reduce -6.1% |
| ZTS Zoetis Inc. | 0.02% | 1,743 | $264K | Add +8.6% |
| NOW ServiceNow Inc. | 0.01% | 257 | $249K | New |
| XAR SS SPDR S&P Aerospace Def | 0.01% | 1,133 | $246K | Reduce -24.8% |
| NFLX Netflix Inc. | 0.01% | 193 | $241K | New |
| ADBE Adobe Inc. | 0.01% | 667 | $241K | New |
| ABNB Airbnb Inc. Class A | 0.01% | 1,636 | $224K | New |
| SPIB SS SPDR P Int C Corp. ETF | 0.01% | 6,513 | $217K | Reduce -5.8% |
| MSCI MSCI Inc. | 0.01% | 375 | $215K | New |
| BIV Vanguard Intermediate-Term B | 0.01% | 2,695 | $206K | Reduce -11.0% |
| BLV Vanguard Long-Term Bond ETF | 0.01% | 2,967 | $200K | Reduce -10.9% |
Portfolio Sells Q1 2025 → Q2 2025
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −20.34 |
| VWOB Vanguard Emerg MKTS Gov BND | Sold out | 0.00% | −7.60 |
| USHY iShares Broad Usd High Yield | Sold out | 0.00% | −7.56 |
| SPHY SS SPDR P High Yield ETF | Sold out | 0.00% | −7.54 |
| TQQQ Proshares Ultrapro QQQ | Sold out | 0.00% | −6.57 |
| EDGF 3EDGE Dynamic Fixed Incm ETF | Reduce -63.6% | 0.05% | −1.03 |
| GILD Gilead Sciences Inc. | Reduce -4.7% | 0.12% | −0.82 |
| MSFT Microsoft Corp. | Reduce -0.2% | 0.17% | −0.75 |
| JPM JPMorgan Chase & Co. | Reduce -1.9% | 0.13% | −0.70 |
| WFC Wells Fargo & Co. | Reduce -1.4% | 0.13% | −0.67 |
| CVX Chevron Corp. | Reduce -43.5% | 0.05% | −0.51 |
| IVV iShares Core S&P 500 ETF | Reduce -4.9% | 0.07% | −0.41 |
| AGG iShares Core U.S. Aggregate | Reduce -5.2% | 0.05% | −0.33 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -32.6% | 0.03% | −0.32 |
| VEA Vanguard Ftse Developed ETF | Reduce -5.3% | 0.05% | −0.30 |
| TFLO iShares Treasury Floating Ra | Reduce -5.7% | 0.04% | −0.28 |
| JNJ Johnson & Johnson | Reduce -5.0% | 0.04% | −0.27 |
| IAU iShares Gold Trust | Reduce -13.6% | 0.03% | −0.22 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -8.9% | 0.03% | −0.20 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -11.3% | 0.03% | −0.20 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.6% | 0.04% | −0.20 |
| BSV Vanguard Short-Term Bond ETF | Reduce -11.2% | 0.03% | −0.19 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.2% | 0.03% | −0.19 |
| MCHP Microchip Technology Inc. | Reduce -2.9% | 0.06% | −0.19 |
| EAGG iShares ESG Aware US Aggrega | Reduce -2.4% | 0.02% | −0.15 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -7.2% | 0.02% | −0.14 |
| IJH iShares Core S&P Midcap ETF | Reduce -8.9% | 0.02% | −0.12 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.2% | 0.02% | −0.12 |
| XLV SS Health Care Select Sector | Reduce -6.1% | 0.02% | −0.12 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.0% | 0.02% | −0.11 |
| GOOG Alphabet Inc. Class C | Reduce -11.7% | 0.02% | −0.10 |
| XAR SS SPDR S&P Aerospace Def | Reduce -24.8% | 0.01% | −0.09 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −0.09 |
| BIV Vanguard Intermediate-Term B | Reduce -11.0% | 0.01% | −0.09 |
| SPIB SS SPDR P Int C Corp. ETF | Reduce -5.8% | 0.01% | −0.09 |
| BLV Vanguard Long-Term Bond ETF | Reduce -10.9% | 0.01% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| SGOV iShares 0-3 Month Treasury B | New | 34.58% | +34.58 |
| SPXL Direxion Daily S&P 500 Bull | New | 16.65% | +16.65 |
| UPRO Proshares Ultrapro S&P 500 | New | 16.65% | +16.65 |
| XHLF Bondbloxx BBG 6 MTH US Treas | New | 12.41% | +12.41 |
| FALN iShares Fallen Angels ETF | New | 1.12% | +1.12 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | New | 1.10% | +1.10 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.98% | +0.98 |
| JNK SS SPDR BB High Yield Bond | New | 0.97% | +0.97 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.96% | +0.96 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.96% | +0.96 |
| XLP SS Consumer Staples Sel Sect | New | 0.95% | +0.95 |
| ITA iShares U.S. Aerospace & Def | New | 0.59% | +0.59 |
| FDN First Trust DJ Internet Ind | New | 0.58% | +0.58 |
| IAI iShares U.S. Broker-Dealers | New | 0.58% | +0.58 |
| EFG iShares MSCI Eafe Growth ETF | New | 0.58% | +0.58 |
| SILJ Amplify Junior Silver Miners | New | 0.58% | +0.58 |
| IGF iShares Global Infrastructur | New | 0.57% | +0.57 |
| EFV iShares MSCI Eafe Value ETF | New | 0.57% | +0.57 |
| ABT Abbott Laboratories | New | 0.14% | +0.14 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.10% | +0.10 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.09% | +0.09 |
| BAC Bank of America Corp. | New | 0.08% | +0.08 |
| ADI Analog Devices Inc. | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| AMGN Amgen Inc. | New | 0.04% | +0.04 |
| NOW ServiceNow Inc. | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | New | 0.01% | +0.01 |
| ABNB Airbnb Inc. Class A | New | 0.01% | +0.01 |
| MSCI MSCI Inc. | New | 0.01% | +0.01 |
| EDGI 3EDGE Dyna I National Eq ETF | Add +428.4% | 0.19% | −0.06 |
| SHOP Shopify Inc. Class A | Add +2.1% | 0.02% | −0.09 |
| ZTS Zoetis Inc. | Add +8.6% | 0.02% | −0.09 |
| ORCL Oracle Corp. | Add +10.8% | 0.04% | −0.09 |
| LLY Eli Lilly & Co. | Add +7.5% | 0.02% | −0.11 |
| MA Mastercard Inc. Class A | Add +2.0% | 0.02% | −0.13 |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | Add +4.1% | 0.03% | −0.13 |
| V Visa Inc. Class A | Add +6.1% | 0.03% | −0.14 |
| EMN Eastman Chemical Co. | Add +15.6% | 0.03% | −0.16 |
| SRE Sempra | Add +3.7% | 0.03% | −0.18 |
| DEO Diageo PLC-Sponsored ADR | Add +7.6% | 0.03% | −0.20 |
| STIP iShares 0-5 Year Tips Bond E | Add +24.2% | 0.04% | −0.20 |
| EVRG Evergy Inc. | Add +2.1% | 0.03% | −0.20 |
| EDGU 3EDGE US Equity | Add +38.8% | 0.08% | −0.31 |
| COP Conocophillips | Add +5.0% | 0.06% | −0.35 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +8.3% | 0.07% | −0.36 |
| UPS United Parcel Service Class B | Add +4.9% | 0.06% | −0.38 |
| PNC PNC Financial Services Group | Add +2.1% | 0.08% | −0.39 |
| PEP Pepsico Inc. | Add +5.5% | 0.06% | −0.39 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 109 | $4.0B | IVV, XHLF, SPYM, SGOV, SECT |
| Q1 2026 | 105 | $2.9B | IVV, XHLF, SGOV, SECT, PDBC |
| Q4 2025 | 108 | $2.7B | VOO, XHLF, SGOV, SECT, XBB |
| Q3 2025 | 103 | $2.4B | SGOV, XHLF, SPXL, UPRO, SECT |
| Q2 2025Amended | 97 | $1.7B | SGOV, SPXL, UPRO, XHLF, SECT |
| Q1 2025Amended | 72 | $227.5M | QQQ, SECT, VWOB, EMB, USHY |
| Q4 2024Amended | 96 | $1.7B | IVV, SPXL, SPMD, QQQ, SECT |