Potomac Fund Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Potomac Fund Management Inc. reported 108 stock positions worth $2.7 billion. Its top holding was Vanguard S&P 500 ETF (VOO) at 61.3% of the portfolio, followed by Bondbloxx BBG 6 MTH US Treas (XHLF, 15.0%) and iShares 0-3 Month Treasury B (SGOV, 3.2%). Compared with Q3 2025, it opened 12 new positions, sold out of 9, added to 49 and reduced 47. The biggest buy was a new position in Vanguard S&P 500 ETF (VOO) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- BETHESDA, MD
- CIK
- 0000826000
- Portfolio Value
- $2.7B (Q4 2025)
- SEC Filing
- 0000826000-26-000003 ↗ filed Feb 13, 2026
Holdings Value
Holdings 108 stocks · $2.7B
| VOO Vanguard S&P 500 ETF | 61.32% | 2,653,203 | $1.7B | New |
| XHLF Bondbloxx BBG 6 MTH US Treas | 14.99% | 8,093,603 | $406.7M | Reduce -9.0% |
| SGOV iShares 0-3 Month Treasury B | 3.16% | 855,521 | $85.9M | Reduce -90.8% |
| SECT Main Sector Rotation ETF | 1.96% | 824,013 | $53.2M | Add +3.4% |
| XBB Bondbloxx-BB Rated Usd HY CB | 1.78% | 1,174,307 | $48.3M | Add +16.9% |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | 1.77% | 1,264,638 | $48.1M | Add +13.7% |
| USHY iShares Broad Usd High Yield | 0.93% | 676,301 | $25.3M | New |
| VWOB Vanguard Emerg MKTS Gov BND | 0.93% | 374,164 | $25.2M | New |
| XEMD Bondbloxx-JPM Usd Em MK 1-10 | 0.93% | 564,718 | $25.2M | New |
| DBMF Imgp Dbi MFT STR ETF-Usd Inc. | 0.89% | 859,178 | $24.1M | Add +4.5% |
| XLV SS Health Care Select Sector | 0.86% | 150,858 | $23.4M | Add +7138.9% |
| DXJ Wisdomtree Japan Hedged Eq | 0.85% | 160,156 | $23.1M | Add +4.2% |
| VHT Vanguard Health Care ETF | 0.85% | 79,799 | $23.0M | New |
| VTI VG Morningstar TS MKT ETF-US | 0.84% | 68,273 | $22.9M | Add +12.4% |
| CWB SS SPDR BB Conv Sec ETF | 0.84% | 255,798 | $22.8M | Reduce -45.6% |
| SDIV Global X Superdividend ETF | 0.52% | 584,970 | $14.1M | Add +15.8% |
| SMH Vaneck Semiconductor ETF | 0.52% | 38,939 | $14.0M | Add +3.5% |
| ILF iShares Latin America 40 ETF | 0.52% | 459,796 | $14.0M | Add +10.3% |
| IBB iShares Biotechnology ETF | 0.51% | 81,760 | $13.8M | New |
| SIL Global X Silver Miners ETF | 0.50% | 163,889 | $13.7M | Reduce -6.5% |
| XME SS SPDR S&P Metals Mining | 0.50% | 131,633 | $13.6M | Reduce -0.4% |
| ARKK ARK Innovation ETF | 0.50% | 176,624 | $13.6M | Add +21.9% |
| BUYW Main Buywrite ETF | 0.37% | 703,090 | $10.1M | Add +27.9% |
| EDGI 3EDGE Dyna I National Eq ETF | 0.20% | 194,314 | $5.5M | Add +15.4% |
| MSFT Microsoft Corp. | 0.11% | 6,161 | $3.0M | Add +4.0% |
| EDGH 3EDGE Dynamic Hard Asset ETF | 0.11% | 95,752 | $2.9M | Reduce -31.1% |
| TMAT Main Thematic Innovation ETF | 0.10% | 104,721 | $2.6M | Reduce -0.4% |
| EDGF 3EDGE Dynamic Fixed Incm ETF | 0.10% | 105,661 | $2.6M | Add +30.3% |
| WFC Wells Fargo & Co. | 0.08% | 24,134 | $2.2M | Reduce -10.4% |
| JPM JPMorgan Chase & Co. | 0.08% | 6,834 | $2.2M | Reduce -11.1% |
| LHX L3HARRIS Technologies Inc. | 0.08% | 7,305 | $2.1M | Reduce -5.5% |
| GILD Gilead Sciences Inc. | 0.08% | 17,122 | $2.1M | Reduce -9.6% |
| ABT Abbott Laboratories | 0.08% | 16,683 | $2.1M | Reduce -5.7% |
| SHEL Shell PLC-ADR | 0.07% | 26,256 | $1.9M | Reduce -3.3% |
| AZN Astrazeneca PLC-Spons ADR | 0.07% | 20,737 | $1.9M | Reduce -3.6% |
| MCD McDonald's Corp. | 0.07% | 5,979 | $1.8M | Reduce -3.0% |
| ACN Accenture PLC Class A | 0.07% | 6,620 | $1.8M | Add +8.8% |
| HD Home Depot Inc. | 0.06% | 4,837 | $1.7M | Reduce -1.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.06% | 32,510 | $1.7M | Add +66.9% |
| HON Honeywell International Inc. | 0.06% | 8,429 | $1.6M | Reduce -1.0% |
| PG The Procter & Gamble Co. | 0.06% | 11,148 | $1.6M | Add +0.8% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.06% | 5,848 | $1.5M | Add +5.8% |
| CMCSA Comcast Corp. Class A | 0.06% | 50,362 | $1.5M | Add +6.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.05% | 26,950 | $1.5M | Reduce -9.9% |
| USB US Bancorp | 0.05% | 27,720 | $1.5M | Reduce -4.6% |
| ADI Analog Devices Inc. | 0.05% | 5,315 | $1.4M | Reduce -5.0% |
| PNC PNC Financial Services Group | 0.05% | 6,803 | $1.4M | Reduce -3.0% |
| EDGU 3EDGE US Equity | 0.05% | 47,581 | $1.4M | Reduce -14.7% |
| UPS United Parcel Service Class B | 0.04% | 11,324 | $1.1M | Add +0.8% |
| AMZN Amazon.com Inc. | 0.04% | 4,820 | $1.1M | Add +29.1% |
| PEP Pepsico Inc. | 0.04% | 7,498 | $1.1M | Reduce -0.2% |
| COP Conocophillips | 0.04% | 11,444 | $1.1M | Add +2.6% |
| IVV iShares Core S&P 500 ETF | 0.04% | 1,534 | $1.1M | Reduce -19.4% |
| EQIX Equinix Inc. | 0.04% | 1,370 | $1.0M | Reduce -0.3% |
| DD Dupont DE Nemours Inc. | 0.04% | 24,759 | $995K | Add +4.1% |
| Q Qnity Electronics Inc. | 0.04% | 11,822 | $965K | Reduce -0.6% |
| WM Waste Management Inc. | 0.03% | 4,311 | $947K | Add +34.8% |
| AGG iShares Core U.S. Aggregate | 0.03% | 9,100 | $909K | Add +9.4% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 13,749 | $859K | Reduce -3.5% |
| JNJ Johnson & Johnson | 0.03% | 3,562 | $737K | Reduce -12.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.03% | 1,488 | $726K | Reduce -1.1% |
| ORCL Oracle Corp. | 0.03% | 3,721 | $725K | Add +30.8% |
| LLY Eli Lilly & Co. | 0.03% | 664 | $713K | Add +27.9% |
| MCHP Microchip Technology Inc. | 0.03% | 11,141 | $710K | Reduce -12.1% |
| NVDA Nvidia Corp. | 0.03% | 3,784 | $706K | Add +31.2% |
| AVGO Broadcom Inc. | 0.03% | 1,982 | $686K | Add +26.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.02% | 6,453 | $661K | Add +0.1% |
| RTX RTX Corp. | 0.02% | 3,528 | $647K | Reduce -20.5% |
| MA Mastercard Inc. Class A | 0.02% | 1,121 | $640K | Add +26.4% |
| TFLO iShares Treasury Floating Ra | 0.02% | 12,581 | $635K | Reduce -4.8% |
| SOLS Solstice Adv Materials Inc. | 0.02% | 13,022 | $633K | Add +511.6% |
| GOOG Alphabet Inc. Class C | 0.02% | 1,999 | $627K | Add +28.6% |
| SHOP Shopify Inc. Class A | 0.02% | 3,897 | $627K | Add +15.4% |
| SRE Sempra | 0.02% | 6,980 | $616K | Reduce -1.6% |
| V Visa Inc. Class A | 0.02% | 1,755 | $616K | Add +26.5% |
| CVX Chevron Corp. | 0.02% | 4,030 | $614K | Reduce -14.0% |
| NTES Netease Inc.-ADR | 0.02% | 4,299 | $592K | New |
| EVRG Evergy Inc. | 0.02% | 8,011 | $581K | Add +0.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.02% | 2,939 | $561K | Reduce -3.5% |
| EMN Eastman Chemical Co. | 0.02% | 7,950 | $507K | Add +22.6% |
| VMBS Vanguard Mortgage-Backed Sec | 0.02% | 10,680 | $503K | Reduce -0.3% |
| SNPE Xtrckr S&P 500 Scor&scrn ETF | 0.02% | 7,453 | $465K | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.02% | 5,604 | $464K | Reduce -13.1% |
| BNDX Vanguard Total Intl Bond ETF | 0.02% | 9,445 | $456K | Add +0.9% |
| BSV Vanguard Short-Term Bond ETF | 0.02% | 5,567 | $439K | Reduce -0.6% |
| EAGG iShares ESG Aware US Aggrega | 0.02% | 9,092 | $435K | Add +6.4% |
| IAU iShares Gold Trust | 0.02% | 5,352 | $434K | Reduce -18.6% |
| NOW ServiceNow Inc. | 0.02% | 2,751 | $421K | Add +53.7% |
| ZTS Zoetis Inc. | 0.01% | 3,175 | $400K | Add +28.0% |
| MSCI MSCI Inc. | 0.01% | 663 | $380K | Add +28.7% |
| IEI iShares 3-7 Year Treasury Bo | 0.01% | 2,947 | $352K | Reduce -0.4% |
| IDXX Idexx Laboratories Inc. | 0.01% | 517 | $350K | Add +28.0% |
| VWO Vanguard Ftse Emerging Marke | 0.01% | 6,253 | $336K | Reduce -2.0% |
| AON Aon PLC Class A | 0.01% | 925 | $327K | Add +26.5% |
| IJR iShares Core S&P Small-Cap E | 0.01% | 2,655 | $319K | Reduce -8.2% |
| SBUX Starbucks Corp. | 0.01% | 3,679 | $310K | Add +27.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.01% | 482 | $296K | New |
| IJH iShares Core S&P Midcap ETF | 0.01% | 4,477 | $296K | Reduce -5.3% |
| ISRG Intuitive Surgical Inc. | 0.01% | 498 | $282K | New |
| ADBE Adobe Inc. | 0.01% | 739 | $259K | Add +27.2% |
Portfolio Sells Q3 2025 → Q4 2025
| SGOV iShares 0-3 Month Treasury B | Reduce -90.8% | 3.16% | −36.72 |
| SPXL Direxion Daily S&P 500 Bull | Sold out | 0.00% | −9.92 |
| UPRO Proshares Ultrapro S&P 500 | Sold out | 0.00% | −9.89 |
| XHLF Bondbloxx BBG 6 MTH US Treas | Reduce -9.0% | 14.99% | −3.99 |
| CWB SS SPDR BB Conv Sec ETF | Reduce -45.6% | 0.84% | −0.96 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Sold out | 0.00% | −0.95 |
| FALN iShares Fallen Angels ETF | Sold out | 0.00% | −0.95 |
| DGRW Wisdomtree U.S. Quality Divi | Sold out | 0.00% | −0.84 |
| JNK SS SPDR BB High Yield Bond | Sold out | 0.00% | −0.84 |
| ITA iShares U.S. Aerospace & Def | Sold out | 0.00% | −0.52 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.13 |
| EDGH 3EDGE Dynamic Hard Asset ETF | Reduce -31.1% | 0.11% | −0.06 |
| SIL Global X Silver Miners ETF | Reduce -6.5% | 0.50% | −0.03 |
| TMAT Main Thematic Innovation ETF | Reduce -0.4% | 0.10% | −0.02 |
| ABT Abbott Laboratories | Reduce -5.7% | 0.08% | −0.02 |
| HD Home Depot Inc. | Reduce -1.3% | 0.06% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -11.1% | 0.08% | −0.02 |
| LHX L3HARRIS Technologies Inc. | Reduce -5.5% | 0.08% | −0.02 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.02 |
| XME SS SPDR S&P Metals Mining | Reduce -0.4% | 0.50% | −0.02 |
| EDGU 3EDGE US Equity | Reduce -14.7% | 0.05% | −0.02 |
| HON Honeywell International Inc. | Reduce -1.0% | 0.06% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -19.4% | 0.04% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -10.4% | 0.08% | −0.01 |
| MCD McDonald's Corp. | Reduce -3.0% | 0.07% | −0.01 |
| GILD Gilead Sciences Inc. | Reduce -9.6% | 0.08% | −0.01 |
| SHEL Shell PLC-ADR | Reduce -3.3% | 0.07% | −0.01 |
| BAC Bank of America Corp. | Reduce -9.9% | 0.05% | −0.01 |
| MCHP Microchip Technology Inc. | Reduce -12.1% | 0.03% | −0.01 |
| CVX Chevron Corp. | Reduce -14.0% | 0.02% | −0.01 |
| RTX RTX Corp. | Reduce -20.5% | 0.02% | −0.01 |
| PNC PNC Financial Services Group | Reduce -3.0% | 0.05% | −0.01 |
| EQIX Equinix Inc. | Reduce -0.3% | 0.04% | −0.01 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -13.1% | 0.02% | −0.01 |
| Q Qnity Electronics Inc. | Reduce -0.6% | 0.04% | −0.01 |
| ADI Analog Devices Inc. | Reduce -5.0% | 0.05% | −0.01 |
| PEP Pepsico Inc. | Reduce -0.2% | 0.04% | −0.01 |
| USB US Bancorp | Reduce -4.6% | 0.05% | −0.01 |
| TFLO iShares Treasury Floating Ra | Reduce -4.8% | 0.02% | −0.00 |
| JNJ Johnson & Johnson | Reduce -12.7% | 0.03% | −0.00 |
| VEA Vanguard Ftse Developed ETF | Reduce -3.5% | 0.03% | −0.00 |
| IAU iShares Gold Trust | Reduce -18.6% | 0.02% | −0.00 |
| SRE Sempra | Reduce -1.6% | 0.02% | −0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.1% | 0.03% | −0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -3.5% | 0.02% | −0.00 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.2% | 0.01% | −0.00 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -0.3% | 0.02% | −0.00 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.6% | 0.02% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Reduce -5.3% | 0.01% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.0% | 0.01% | −0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VOO Vanguard S&P 500 ETF | New | 61.32% | +61.32 |
| USHY iShares Broad Usd High Yield | New | 0.93% | +0.93 |
| VWOB Vanguard Emerg MKTS Gov BND | New | 0.93% | +0.93 |
| XEMD Bondbloxx-JPM Usd Em MK 1-10 | New | 0.93% | +0.93 |
| XLV SS Health Care Select Sector | Add +7138.9% | 0.86% | +0.85 |
| VHT Vanguard Health Care ETF | New | 0.85% | +0.85 |
| IBB iShares Biotechnology ETF | New | 0.51% | +0.51 |
| BUYW Main Buywrite ETF | Add +27.9% | 0.37% | +0.04 |
| NTES Netease Inc.-ADR | New | 0.02% | +0.02 |
| XBB Bondbloxx-BB Rated Usd HY CB | Add +16.9% | 1.78% | +0.02 |
| SOLS Solstice Adv Materials Inc. | Add +511.6% | 0.02% | +0.02 |
| DXJ Wisdomtree Japan Hedged Eq | Add +4.2% | 0.85% | +0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +66.9% | 0.06% | +0.02 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.01% | +0.01 |
| EDGF 3EDGE Dynamic Fixed Incm ETF | Add +30.3% | 0.10% | +0.01 |
| ISRG Intuitive Surgical Inc. | New | 0.01% | +0.01 |
| LLY Eli Lilly & Co. | Add +27.9% | 0.03% | +0.01 |
| ABNB Airbnb Inc. Class A | New | 0.01% | +0.01 |
| BSX Boston Scientific Corp. | New | 0.01% | +0.01 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +28.6% | 0.02% | +0.01 |
| AMZN Amazon.com Inc. | Add +29.1% | 0.04% | +0.01 |
| ILF iShares Latin America 40 ETF | Add +10.3% | 0.52% | +0.01 |
| EDGI 3EDGE Dyna I National Eq ETF | Add +15.4% | 0.20% | +0.01 |
| SDIV Global X Superdividend ETF | Add +15.8% | 0.52% | +0.01 |
| WM Waste Management Inc. | Add +34.8% | 0.03% | +0.01 |
| AVGO Broadcom Inc. | Add +26.4% | 0.03% | +0.00 |
| NVDA Nvidia Corp. | Add +31.2% | 0.03% | +0.00 |
| V Visa Inc. Class A | Add +26.5% | 0.02% | +0.00 |
| MA Mastercard Inc. Class A | Add +26.4% | 0.02% | +0.00 |
| IDXX Idexx Laboratories Inc. | Add +28.0% | 0.01% | +0.00 |
| SHOP Shopify Inc. Class A | Add +15.4% | 0.02% | +0.00 |
| ACN Accenture PLC Class A | Add +8.8% | 0.07% | +0.00 |
| UPS United Parcel Service Class B | Add +0.8% | 0.04% | +0.00 |
| MSCI MSCI Inc. | Add +28.7% | 0.01% | +0.00 |
| NOW ServiceNow Inc. | Add +53.7% | 0.02% | +0.00 |
| EMN Eastman Chemical Co. | Add +22.6% | 0.02% | +0.00 |
| SBUX Starbucks Corp. | Add +27.0% | 0.01% | +0.00 |
| AON Aon PLC Class A | Add +26.5% | 0.01% | +0.00 |
| ADBE Adobe Inc. | Add +27.2% | 0.01% | +0.00 |
| SNPS Synopsys Inc. | Add +30.1% | 0.01% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +12.4% | 0.84% | −0.00 |
| ZTS Zoetis Inc. | Add +28.0% | 0.01% | −0.00 |
| SPIB SS SPDR P Int C Corp. ETF | Add +0.1% | 0.01% | −0.00 |
| EAGG iShares ESG Aware US Aggrega | Add +6.4% | 0.02% | −0.00 |
| AGG iShares Core U.S. Aggregate | Add +9.4% | 0.03% | −0.00 |
| BNDX Vanguard Total Intl Bond ETF | Add +0.9% | 0.02% | −0.00 |
| SMH Vaneck Semiconductor ETF | Add +3.5% | 0.52% | −0.00 |
| STIP iShares 0-5 Year Tips Bond E | Add +0.1% | 0.02% | −0.00 |
| EVRG Evergy Inc. | Add +0.0% | 0.02% | −0.00 |
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 |