Potomac Fund Management Inc.

Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 13, 2026), Potomac Fund Management Inc. reported 109 stock positions worth $4.0 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 66.9% of the portfolio, followed by Bondbloxx BBG 6 MTH US Treas (XHLF, 9.9%) and Ste STR SPDR PT S&P 500 ETF (SPYM, 3.5%). Compared with Q1 2026, it opened 18 new positions, sold out of 15, added to 42 and reduced 47. The biggest buy was Ste STR SPDR PT S&P 500 ETF (SPYM, shares +5040%) and the biggest sale iShares 0-3 Month Treasury B (SGOV, shares −10%).

Most Recent 13F: Q2 2026
Location: BETHESDA, MD
CIK: 0000826000
Portfolio Value: $4.0B (Q2 2026)
SEC Filing: 0000826000-26-000007 ↗ filed Aug 13, 2026

Holdings Value

Holdings 109 stocks · $4.0B


IVV iShares Core S&P 500 ETF	66.88%	3,546,980	$2.7B	Add +17.6%
XHLF Bondbloxx BBG 6 MTH US Treas	9.88%	7,802,882	$392.5M	Add +21.6%
SPYM Ste STR SPDR PT S&P 500 ETF	3.46%	1,565,618	$137.6M	Add +5039.6%
SGOV iShares 0-3 Month Treasury B	2.07%	816,856	$82.2M	Reduce -9.8%
SECT Main Sector Rotation ETF	1.53%	845,221	$60.9M	Add +1.5%
XCCC Bondbloxx-CCC-Usd HY Corp. BD	1.50%	1,624,900	$59.4M	New
XBB Bondbloxx-BB Rated Usd HY CB	1.39%	1,342,400	$55.0M	New
VWOB Vanguard Emerg MKTS Gov BND	0.76%	446,500	$30.0M	New
UUP Invesco DB US Dollar Index B	0.75%	1,055,200	$30.0M	Add +4.7%
FALN iShares Fallen Angels ETF	0.75%	1,098,300	$29.9M	New
XEMD Bondbloxx-JPM Usd Em MK 1-10	0.75%	662,900	$29.8M	New
ROE Ast US Eq WGT QLTY Kings ETF	0.71%	657,300	$28.0M	Reduce -3.6%
VTI VG Morningstar TS MKT ETF-US	0.71%	75,720	$28.0M	New
DGRW Wisdomtree U.S. Quality Divi	0.70%	290,900	$27.8M	New
CWB SS SPDR BB Conv Sec ETF	0.70%	257,100	$27.7M	New
DXJ Wisdomtree Japan Hedged Eq	0.70%	159,700	$27.7M	Add +0.5%
SMH Vaneck Semiconductor ETF	0.65%	39,080	$25.6M	Reduce -5.2%
IWO iShares Russell 2000 Growth	0.61%	61,560	$24.3M	New
IWM iShares Russell 2000 ETF	0.60%	79,800	$24.0M	New
PDBC Invesco Optimum Yield Divers	0.60%	1,504,900	$23.9M	Reduce -10.6%
XME SS SPDR S&P Metals Mining	0.60%	221,400	$23.7M	Add +53.3%
SIL Global X Silver Miners ETF	0.60%	305,400	$23.7M	Add +70.4%
XLE SS Energy Select Sector	0.59%	444,100	$23.6M	Add +84.8%
BUYW Main Buywrite ETF	0.29%	792,716	$11.5M	Add +11.1%
EDGF 3EDGE Dynamic Fixed Incm ETF	0.14%	233,683	$5.8M	Reduce -27.1%
EDGU 3EDGE US Equity	0.10%	129,472	$4.1M	Add +115.3%
TMAT Main Thematic Innovation ETF	0.08%	102,836	$3.2M	Reduce -1.2%
EDGH 3EDGE Dynamic Hard Asset ETF	0.07%	82,450	$2.6M	Add +4.7%
MSFT Microsoft Corp.	0.06%	6,294	$2.3M	Reduce -0.8%
JPM JPMorgan Chase & Co.	0.06%	6,946	$2.3M	Reduce -0.7%
EDGI 3EDGE Dyna I National Eq ETF	0.06%	71,594	$2.2M	Add +115.1%
WFC Wells Fargo & Co.	0.05%	24,995	$2.1M	Add +1.0%
SHEL Shell PLC-ADR	0.05%	26,621	$2.1M	Reduce -0.9%
GILD Gilead Sciences Inc.	0.05%	16,241	$2.1M	Add +0.2%
ADI Analog Devices Inc.	0.05%	4,995	$2.0M	Add +9.7%
AZN Astrazeneca PLC	0.05%	10,398	$2.0M	No change
LHX L3HARRIS Technologies Inc.	0.05%	6,674	$1.9M	Reduce -0.1%
Q Qnity Electronics Inc.	0.05%	11,524	$1.9M	Reduce -1.2%
HD Home Depot Inc.	0.05%	5,238	$1.8M	Add +3.5%
PG The Procter & Gamble Co.	0.04%	12,022	$1.8M	Add +2.7%
MCD McDonald's Corp.	0.04%	6,392	$1.7M	Add +3.6%
PNC PNC Financial Services Group	0.04%	6,802	$1.7M	Reduce -2.0%
BAC Bank of America Corp.	0.04%	27,519	$1.6M	Reduce -0.3%
ABT Abbott Laboratories	0.04%	16,944	$1.5M	Add +9.3%
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO	0.04%	6,560	$1.5M	Add +2.8%
EQIX Equinix Inc.	0.04%	1,375	$1.4M	Reduce -2.3%
NTES Netease Inc.-ADR	0.03%	10,194	$1.3M	Add +123.6%
COP Conocophillips	0.03%	11,742	$1.2M	Reduce -0.2%
CMCSA Comcast Corp. Class A	0.03%	49,643	$1.2M	Reduce -8.1%
AGG iShares Core U.S. Aggregate	0.03%	11,840	$1.2M	Add +20.3%
TEL Te Connectivity PLC	0.03%	5,808	$1.2M	Add +1.7%
DD Dupont DE Nemours Inc.	0.03%	8,513	$1.2M	Reduce -0.8%
PEP Pepsico Inc.	0.03%	8,122	$1.1M	Add +3.5%
WM Waste Management Inc.	0.03%	4,864	$1.1M	Add +5.5%
HON Honeywell International Inc.	0.02%	4,325	$968K	No change
JNJ Johnson & Johnson	0.02%	3,668	$932K	Add +15.7%
HONA Honeywell Aerospace Inc.	0.02%	4,150	$917K	Reduce -4.1%
MCHP Microchip Technology Inc.	0.02%	10,043	$916K	Reduce -4.4%
VEA Vanguard Ftse Developed ETF	0.02%	12,405	$884K	Reduce -0.7%
NVDA Nvidia Corp.	0.02%	4,399	$880K	Add +17.2%
QCOM Qualcomm Inc.	0.02%	4,471	$826K	Reduce -3.6%
SOLS Solstice Adv Materials Inc.	0.02%	9,305	$824K	Reduce -3.1%
VUG Vanguard Mrngstar GR ETF-Sui	0.02%	9,498	$818K	Reduce -1.0%
TFLO iShares Treasury Floating Ra	0.02%	14,996	$759K	Add +0.7%
STIP iShares 0-5 Year Tips Bond E	0.02%	7,268	$743K	Add +1.1%
EVRG Evergy Inc.	0.02%	8,420	$728K	Add +0.7%
USB US Bancorp	0.02%	11,871	$717K	Reduce -58.1%
LLY Eli Lilly & Co.	0.02%	589	$707K	Reduce -10.9%
XYL Xylem Inc.	0.02%	5,943	$703K	New
SRE Sempra	0.02%	7,328	$679K	Add +1.1%
RTX RTX Corp.	0.02%	3,485	$661K	Add +1.2%
CVX Chevron Corp.	0.02%	3,919	$650K	Reduce -0.3%
AVGO Broadcom Inc.	0.02%	1,706	$644K	Reduce -12.2%
GOOG Alphabet Inc. Class C	0.02%	1,776	$628K	Reduce -10.9%
AMZN Amazon.com Inc.	0.02%	2,528	$603K	Reduce -10.3%
VTV Vanguard Mrngstr Val ETF-Aui	0.01%	2,626	$572K	Reduce -4.1%
EMN Eastman Chemical Co.	0.01%	8,502	$569K	Add +1.4%
CME Cme Group Inc.	0.01%	2,514	$555K	New
VMBS Vanguard Mortgage-Backed Sec	0.01%	11,837	$554K	Reduce -1.5%
IEI iShares 3-7 Year Treasury Bo	0.01%	4,659	$547K	Reduce -3.2%
V Visa Inc. Class A	0.01%	1,550	$532K	Reduce -10.8%
MA Mastercard Inc. Class A	0.01%	989	$508K	Reduce -10.6%
SNPE Xtrckr S&P 500 Scor&scrn ETF	0.01%	7,187	$495K	Add +0.1%
EAGG iShares ESG Aware US Aggrega	0.01%	10,427	$494K	Add +1.1%
NOW ServiceNow Inc.	0.01%	4,978	$494K	Reduce -9.4%
BNDX Vanguard Total Intl Bond ETF	0.01%	9,877	$478K	Add +1.2%
ORCL Oracle Corp.	0.01%	3,259	$478K	Reduce -11.9%
BSV Vanguard Short-Term Bond ETF	0.01%	5,802	$452K	Add +2.0%
SHOP Shopify Inc. Class A	0.01%	3,940	$450K	Reduce -12.6%
IAU iShares Gold Trust	0.01%	5,591	$422K	Add +0.5%
XLV SS Health Care Select Sector	0.01%	2,306	$366K	Reduce -98.7%
BSCS Invesco Bulletshares 2028 CB	0.01%	17,600	$358K	New
BSCR Invesco Bulletshares 2027 CB	0.01%	18,262	$358K	New
BSCQ Invesco Bulletshares 2026 CB	0.01%	18,344	$358K	New
VWO Vanguard Ftse Emerging Marke	0.01%	5,982	$357K	Reduce -1.3%
IJH iShares Core S&P Midcap ETF	0.01%	4,419	$341K	Reduce -3.8%
MSCI MSCI Inc.	0.01%	600	$336K	Reduce -10.3%
SBUX Starbucks Corp.	0.01%	3,268	$334K	Reduce -10.5%
LRCX Lam Research Corp.	0.01%	766	$332K	New
IJR iShares Core S&P Small-Cap E	0.01%	2,101	$312K	Reduce -4.8%
SHY iShares 1-3 Year Treasury Bo	0.01%	3,477	$286K	Reduce -40.6%
XAR SS SPDR S&P Aerospace Def	0.01%	866	$246K	New
XLF SS Financial Select Sector	0.01%	4,503	$241K	Add +0.1%
IDXX Idexx Laboratories Inc.	0.01%	456	$240K	Reduce -10.6%
CSGP Costar Group Inc.	0.01%	8,451	$239K	Reduce -10.0%
ABNB Airbnb Inc. Class A	0.01%	1,541	$221K	Reduce -11.2%
GE General Electric filed as GE AEROSPACE	0.01%	582	$218K	New
BIV Vanguard Intermediate-Term B	0.01%	2,800	$215K	Add +2.3%
BLV Vanguard Long-Term Bond ETF	0.01%	3,102	$214K	Add +3.2%

Portfolio Sells Q1 2026 → Q2 2026


SGOV iShares 0-3 Month Treasury B	Reduce -9.8%	2.07%	−1.10
DBMF Imgp Dbi MFT STR ETF-Usd Inc.	Sold out	0.00%	−0.99
KMLM Kraneshares MT LC MN FT Id S	Sold out	0.00%	−0.98
XLV SS Health Care Select Sector	Reduce -98.7%	0.01%	−0.87
XLP SS Consumer Staples Sel Sect	Sold out	0.00%	−0.86
VHT Vanguard Health Care ETF	Sold out	0.00%	−0.86
ILF iShares Latin America 40 ETF	Sold out	0.00%	−0.54
ITA iShares U.S. Aerospace & Def	Sold out	0.00%	−0.54
EFV iShares MSCI Eafe Value ETF	Sold out	0.00%	−0.53
PDBC Invesco Optimum Yield Divers	Reduce -10.6%	0.60%	−0.41
ROE Ast US Eq WGT QLTY Kings ETF	Reduce -3.6%	0.71%	−0.13
EDGF 3EDGE Dynamic Fixed Incm ETF	Reduce -27.1%	0.14%	−0.13
UPS United Parcel Service Class B	Sold out	0.00%	−0.04
SHEL Shell PLC-ADR	Reduce -0.9%	0.05%	−0.03
USB US Bancorp	Reduce -58.1%	0.02%	−0.03
LHX L3HARRIS Technologies Inc.	Reduce -0.1%	0.05%	−0.03
CMCSA Comcast Corp. Class A	Reduce -8.1%	0.03%	−0.02
COP Conocophillips	Reduce -0.2%	0.03%	−0.02
MSFT Microsoft Corp.	Reduce -0.8%	0.06%	−0.02
JPM JPMorgan Chase & Co.	Reduce -0.7%	0.06%	−0.01
ZTS Zoetis Inc.	Sold out	0.00%	−0.01
CVX Chevron Corp.	Reduce -0.3%	0.02%	−0.01
DD Dupont DE Nemours Inc.	Reduce -0.8%	0.03%	−0.01
EQIX Equinix Inc.	Reduce -2.3%	0.04%	−0.01
AON Aon PLC Class A	Sold out	0.00%	−0.01
HONA Honeywell Aerospace Inc.	Reduce -4.1%	0.02%	−0.01
QQQ Invesco QQQ Trust Series 1	Sold out	0.00%	−0.01
SHY iShares 1-3 Year Treasury Bo	Reduce -40.6%	0.01%	−0.01
ISRG Intuitive Surgical Inc.	Sold out	0.00%	−0.01
PNC PNC Financial Services Group	Reduce -2.0%	0.04%	−0.01
NOW ServiceNow Inc.	Reduce -9.4%	0.01%	−0.01
ACN Accenture PLC Class A	Sold out	0.00%	−0.01
SNPS Synopsys Inc.	Sold out	0.00%	−0.01
BAC Bank of America Corp.	Reduce -0.3%	0.04%	−0.01
SNDA Sonida Senior Living Inc.	Sold out	0.00%	−0.01
SHOP Shopify Inc. Class A	Reduce -12.6%	0.01%	−0.01
CSGP Costar Group Inc.	Reduce -10.0%	0.01%	−0.01
ORCL Oracle Corp.	Reduce -11.9%	0.01%	−0.01
MA Mastercard Inc. Class A	Reduce -10.6%	0.01%	−0.01
IEI iShares 3-7 Year Treasury Bo	Reduce -3.2%	0.01%	−0.01
VMBS Vanguard Mortgage-Backed Sec	Reduce -1.5%	0.01%	−0.01
VEA Vanguard Ftse Developed ETF	Reduce -0.7%	0.02%	−0.01
AMZN Amazon.com Inc.	Reduce -10.3%	0.02%	−0.01
V Visa Inc. Class A	Reduce -10.8%	0.01%	−0.00
AVGO Broadcom Inc.	Reduce -12.2%	0.02%	−0.00
SOLS Solstice Adv Materials Inc.	Reduce -3.1%	0.02%	−0.00
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -4.1%	0.01%	−0.00
GOOG Alphabet Inc. Class C	Reduce -10.9%	0.02%	−0.00
MSCI MSCI Inc.	Reduce -10.3%	0.01%	−0.00
IDXX Idexx Laboratories Inc.	Reduce -10.6%	0.01%	−0.00

Portfolio Buys Q1 2026 → Q2 2026


SPYM Ste STR SPDR PT S&P 500 ETF	Add +5039.6%	3.46%	+3.38
XCCC Bondbloxx-CCC-Usd HY Corp. BD	New	1.50%	+1.50
XBB Bondbloxx-BB Rated Usd HY CB	New	1.39%	+1.39
VWOB Vanguard Emerg MKTS Gov BND	New	0.76%	+0.76
FALN iShares Fallen Angels ETF	New	0.75%	+0.75
XEMD Bondbloxx-JPM Usd Em MK 1-10	New	0.75%	+0.75
VTI VG Morningstar TS MKT ETF-US	New	0.71%	+0.71
DGRW Wisdomtree U.S. Quality Divi	New	0.70%	+0.70
CWB SS SPDR BB Conv Sec ETF	New	0.70%	+0.70
IWO iShares Russell 2000 Growth	New	0.61%	+0.61
IWM iShares Russell 2000 ETF	New	0.60%	+0.60
XLE SS Energy Select Sector	Add +84.8%	0.59%	+0.08
XME SS SPDR S&P Metals Mining	Add +53.3%	0.60%	+0.05
EDGU 3EDGE US Equity	Add +115.3%	0.10%	+0.05
SIL Global X Silver Miners ETF	Add +70.4%	0.60%	+0.03
EDGI 3EDGE Dyna I National Eq ETF	Add +115.1%	0.06%	+0.02
XYL Xylem Inc.	New	0.02%	+0.02
NTES Netease Inc.-ADR	Add +123.6%	0.03%	+0.02
CME Cme Group Inc.	New	0.01%	+0.01
BSCS Invesco Bulletshares 2028 CB	New	0.01%	+0.01
BSCR Invesco Bulletshares 2027 CB	New	0.01%	+0.01
BSCQ Invesco Bulletshares 2026 CB	New	0.01%	+0.01
LRCX Lam Research Corp.	New	0.01%	+0.01
XAR SS SPDR S&P Aerospace Def	New	0.01%	+0.01
GE General Electric	New	0.01%	+0.01
ADI Analog Devices Inc.	Add +9.7%	0.05%	−0.00
NVDA Nvidia Corp.	Add +17.2%	0.02%	−0.00
XLF SS Financial Select Sector	Add +0.1%	0.01%	−0.00
BLV Vanguard Long-Term Bond ETF	Add +3.2%	0.01%	−0.00
BIV Vanguard Intermediate-Term B	Add +2.3%	0.01%	−0.00
SNPE Xtrckr S&P 500 Scor&scrn ETF	Add +0.1%	0.01%	−0.00
JNJ Johnson & Johnson	Add +15.7%	0.02%	−0.00
BSV Vanguard Short-Term Bond ETF	Add +2.0%	0.01%	−0.00
BNDX Vanguard Total Intl Bond ETF	Add +1.2%	0.01%	−0.00
AGG iShares Core U.S. Aggregate	Add +20.3%	0.03%	−0.00
EAGG iShares ESG Aware US Aggrega	Add +1.1%	0.01%	−0.00
EVRG Evergy Inc.	Add +0.7%	0.02%	−0.01
IAU iShares Gold Trust	Add +0.5%	0.01%	−0.01
RTX RTX Corp.	Add +1.2%	0.02%	−0.01
STIP iShares 0-5 Year Tips Bond E	Add +1.1%	0.02%	−0.01
TFLO iShares Treasury Floating Ra	Add +0.7%	0.02%	−0.01
SRE Sempra	Add +1.1%	0.02%	−0.01
EMN Eastman Chemical Co.	Add +1.4%	0.01%	−0.01
WM Waste Management Inc.	Add +5.5%	0.03%	−0.01
AJG Arthur J Gallagher & Co.	Add +2.8%	0.04%	−0.01
HD Home Depot Inc.	Add +3.5%	0.05%	−0.01
TEL Te Connectivity PLC	Add +1.7%	0.03%	−0.01
PG The Procter & Gamble Co.	Add +2.7%	0.04%	−0.01
PEP Pepsico Inc.	Add +3.5%	0.03%	−0.01
WFC Wells Fargo & Co.	Add +1.0%	0.05%	−0.02

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