Second Line Capital, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed September 2, 2026), Second Line Capital, LLC reported 173 stock positions worth $537.0 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 11.1% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 8.0%) and Aptus Intl Enhan YLD ETF (IDUB, 7.3%). Compared with Q1 2026, it opened 10 new positions, sold out of 22, added to 63 and reduced 92. The biggest buy was First Trust Enh Short Mat FD (FTSM, shares +1588%) and the biggest sale an exit from Coreweave Class A (CRWV).
- Most Recent 13F
- Q2 2026
- Location
- METAIRIE, LA
- CIK
- 0001992879
- Portfolio Value
- $537.0M (Q2 2026)
- SEC Filing
- 0001992879-26-000017 ↗ filed Sep 2, 2026
Holdings Value
Holdings 173 stocks · $537.0M
| ACIO Aptus Collared Invest Opp | 11.10% | 1,292,312 | $59.6M | Add +2.0% |
| DRSK Aptus Defined Risk ETF | 8.01% | 1,495,309 | $43.0M | Add +2.3% |
| IDUB Aptus Intl Enhan YLD ETF | 7.26% | 1,417,892 | $39.0M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.79% | 41,556 | $31.1M | Add +3.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.63% | 600,233 | $30.2M | Add +2.7% |
| OSCV Opus Small Cap Value ETF | 4.82% | 613,038 | $25.9M | Add +3.4% |
| ADME Aptus Drwdwn MGD Eqty ETF | 4.64% | 448,164 | $24.9M | Add +2.5% |
| DUBS Aptus LRG Cap Enh YLD ETF | 4.00% | 516,098 | $21.5M | Add +3.6% |
| FTSM First Trust Enh Short Mat FD | 3.92% | 351,126 | $21.0M | Add +1588.1% |
| JUCY Aptus Enhanced Yield ETF | 3.78% | 923,539 | $20.3M | Add +2.7% |
| SPEM State Street SP PTF Em ETF | 2.43% | 251,929 | $13.0M | Add +3.2% |
| APP AppLovin Corp. Class A | 2.09% | 21,752 | $11.2M | Add +0.8% |
| AAPL Apple Inc. | 1.51% | 28,057 | $8.1M | Add +1.2% |
| NVDA Nvidia Corp. | 1.50% | 40,188 | $8.0M | Reduce -16.9% |
| MSFT Microsoft Corp. | 1.40% | 20,122 | $7.5M | Add +4.8% |
| JPM JPMorgan Chase & Co. | 1.28% | 20,969 | $6.9M | Reduce -3.0% |
| OCUL Ocular Therapeutix Inc. | 1.17% | 638,640 | $6.3M | Add +20.9% |
| AMZN Amazon.com Inc. | 1.06% | 23,817 | $5.7M | Reduce -3.9% |
| USFR Wisdomtree Floating Rate Tre | 1.04% | 111,437 | $5.6M | Add +2.1% |
| XOM Exxon Mobil Corp. | 1.04% | 40,730 | $5.6M | Reduce -1.3% |
| WMT Walmart Inc. | 0.90% | 42,803 | $4.8M | Reduce -1.4% |
| BKAG BNY Mellon Core Bond ETF | 0.83% | 106,590 | $4.5M | Add +2.5% |
| PWR Quanta Services Inc. | 0.80% | 5,973 | $4.3M | Reduce -30.8% |
| RSP Invesco S&P 500 Equal Weight | 0.80% | 20,156 | $4.3M | Add +5.5% |
| GLXY Galaxy Digital Inc. Class A | 0.79% | 154,268 | $4.2M | Reduce -1.2% |
| V Visa Inc. Class A | 0.73% | 11,400 | $3.9M | Add +4.6% |
| FANG Diamondback Energy Inc. | 0.70% | 21,397 | $3.8M | Reduce -11.4% |
| AVGO Broadcom Inc. | 0.70% | 9,937 | $3.8M | Add +239.5% |
| CVX Chevron Corp. | 0.69% | 22,207 | $3.7M | Reduce -6.0% |
| APH Amphenol Corp. Class A | 0.68% | 20,563 | $3.6M | Add +5.7% |
| MARA Mara Holdings Inc. | 0.67% | 258,225 | $3.6M | Reduce -2.1% |
| PGR Progressive Corp. | 0.66% | 16,326 | $3.6M | Add +17.0% |
| CHE Chemed Corp. | 0.66% | 7,556 | $3.5M | Add +5.5% |
| HD Home Depot Inc. | 0.60% | 9,132 | $3.2M | Add +4.9% |
| AMT American Tower Corp. | 0.57% | 18,630 | $3.1M | Add +16.1% |
| NOW ServiceNow Inc. | 0.56% | 30,561 | $3.0M | Add +60.4% |
| CPRT Copart Inc. | 0.54% | 103,691 | $2.9M | Add +43.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.54% | 9,612 | $2.9M | Add +3.0% |
| VOO Vanguard S&P 500 ETF | 0.50% | 3,921 | $2.7M | Add +15.9% |
| UPSD Aptus Large Cap Upside ETF | 0.49% | 92,867 | $2.6M | Reduce -0.7% |
| IJH iShares Core S&P Midcap ETF | 0.43% | 30,005 | $2.3M | Add +2.7% |
| IJR iShares Core S&P Small-Cap E | 0.43% | 15,420 | $2.3M | Add +1.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.42% | 4,529 | $2.3M | Add +1.3% |
| EFA iShares MSCI Eafe ETF | 0.42% | 21,544 | $2.2M | Reduce -2.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.41% | 43,654 | $2.2M | Add +0.3% |
| AMD Advanced Micro Devices | 0.37% | 3,437 | $2.0M | Reduce -1.4% |
| TSLA Tesla Inc. | 0.35% | 4,418 | $1.9M | Reduce -60.1% |
| GOOGL Alphabet Inc. Class A | 0.34% | 5,092 | $1.8M | Add +0.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 2,419 | $1.8M | Reduce -7.5% |
| IVV iShares Core S&P 500 ETF | 0.32% | 2,263 | $1.7M | Reduce -4.6% |
| DEFR Aptus Deferred Income ETF | 0.27% | 53,709 | $1.4M | Add +2.2% |
| CAT Caterpillar Inc. | 0.19% | 972 | $1.0M | Reduce -6.4% |
| SO The Southern Co. | 0.19% | 10,754 | $1.0M | Reduce -6.1% |
| INTC Intel Corp. | 0.19% | 7,342 | $1.0M | Reduce -32.5% |
| JNJ Johnson & Johnson | 0.19% | 3,969 | $1.0M | Reduce -5.9% |
| PG The Procter & Gamble Co. | 0.18% | 6,706 | $983K | Reduce -11.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.18% | 14,068 | $950K | Reduce -0.8% |
| JPST JPMorgan Ultra-Short Income | 0.18% | 18,626 | $942K | Reduce -4.1% |
| KO The Coca-Cola Co. | 0.15% | 9,713 | $795K | Add +17.6% |
| LOW Lowe's Cos Inc. | 0.15% | 3,590 | $792K | Add +43.3% |
| META Meta Platforms Inc. Class A | 0.15% | 1,397 | $787K | Reduce -81.7% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.14% | 968 | $739K | Reduce -14.6% |
| VXUS Vanguard Total Intl Stock | 0.14% | 8,500 | $727K | Reduce -0.3% |
| MRK Merck & Co. Inc. | 0.13% | 5,534 | $716K | Reduce -5.8% |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 3,008 | $712K | Add +3.4% |
| AMAT Applied Materials Inc. | 0.13% | 952 | $688K | Add +1.1% |
| AZO AutoZone Inc. | 0.13% | 210 | $671K | Reduce -21.9% |
| ORCL Oracle Corp. | 0.12% | 4,341 | $636K | Reduce -26.3% |
| COP Conocophillips | 0.12% | 6,021 | $626K | Reduce -6.3% |
| BAC Bank of America Corp. | 0.11% | 10,801 | $615K | Reduce -4.2% |
| T AT&T Inc. | 0.11% | 28,660 | $593K | Reduce -1.9% |
| GLD SPDR Gold Shares | 0.11% | 1,591 | $586K | Add +14.5% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.11% | 10,074 | $581K | Add +0.8% |
| ET Energy Transfer LP | 0.11% | 30,266 | $579K | Add +0.1% |
| PSX Phillips 66 | 0.11% | 3,415 | $577K | Reduce -0.7% |
| FPX First Trust US Equity Opport | 0.11% | 2,749 | $567K | No change |
| VRTX Vertex Pharmaceuticals Inc. | 0.10% | 1,125 | $559K | Reduce -5.4% |
| VGT Vanguard Info Tech ETF | 0.10% | 4,657 | $557K | Reduce -87.5% |
| LLY Eli Lilly & Co. | 0.10% | 450 | $540K | Reduce -5.9% |
| MO Altria Group Inc. | 0.10% | 7,257 | $530K | Reduce -3.5% |
| CSCO Cisco Systems Inc. | 0.10% | 4,510 | $530K | Reduce -54.9% |
| KMI Kinder Morgan Inc. | 0.10% | 16,432 | $525K | Reduce -0.9% |
| XLK SS Technology Select Sector | 0.09% | 2,538 | $484K | Add +5.8% |
| RTX RTX Corp. | 0.09% | 2,544 | $483K | Reduce -0.1% |
| C Citigroup Inc. | 0.09% | 3,441 | $482K | Reduce -0.7% |
| PDT John Hancock Prem DVD FND | 0.09% | 37,173 | $481K | Add +0.0% |
| LIN Linde PLC | 0.09% | 886 | $460K | Reduce -4.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.08% | 1,219 | $451K | New |
| SCHD Schwab US DVD Equity ETF | 0.08% | 14,046 | $445K | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.08% | 1,066 | $443K | Reduce -3.4% |
| CL Colgate-Palmolive Co. | 0.08% | 4,774 | $438K | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,553 | $437K | Reduce -41.1% |
| GE General Electric filed as GE AEROSPACE | 0.08% | 1,161 | $434K | Add +0.2% |
| ROK Rockwell Automation Inc. | 0.08% | 869 | $430K | New |
| PANW Palo Alto Networks Inc. | 0.08% | 1,232 | $420K | Reduce -1.9% |
| BP BP PLC-Spons ADR | 0.08% | 11,290 | $417K | Reduce -47.3% |
| PSA Public Storage | 0.08% | 1,300 | $414K | Add +29.6% |
| TT Trane Technologies PLC | 0.08% | 840 | $413K | Reduce -6.3% |
| IGRO iShares Intl Div Growth ETF | 0.07% | 4,437 | $390K | Add +2.0% |
| IDEV iShares Core MSCI Dev MKTS | 0.07% | 4,195 | $373K | Add +1.5% |
Options reported separately and not counted above: ANTERO RESOURCES CORP puts ($14K), MICROSOFT CORP puts ($8K), APPLE INC puts ($7K).
Portfolio Sells Q1 2026 → Q2 2026
| CRWV Coreweave Inc. Class A | Sold out | 0.00% | −1.40 |
| CRDO Credo Technology Group Holdi | Sold out | 0.00% | −0.98 |
| META Meta Platforms Inc. Class A | Reduce -81.7% | 0.15% | −0.74 |
| APLD Applied Digital Corp. | Sold out | 0.00% | −0.56 |
| TSLA Tesla Inc. | Reduce -60.1% | 0.35% | −0.45 |
| PWR Quanta Services Inc. | Reduce -30.8% | 0.80% | −0.39 |
| BR Broadridge Financial Solutio | Reduce -85.5% | 0.06% | −0.37 |
| NVDA Nvidia Corp. | Reduce -16.9% | 1.50% | −0.33 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.27 |
| FANG Diamondback Energy Inc. | Reduce -11.4% | 0.70% | −0.24 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -82.3% | 0.05% | −0.22 |
| CHDN Churchill Downs Inc. | Sold out | 0.00% | −0.20 |
| AMZN Amazon.com Inc. | Reduce -3.9% | 1.06% | −0.19 |
| WMT Walmart Inc. | Reduce -1.4% | 0.90% | −0.18 |
| CVX Chevron Corp. | Reduce -6.0% | 0.69% | −0.18 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 1.04% | −0.17 |
| BP BP PLC-Spons ADR | Reduce -47.3% | 0.08% | −0.11 |
| CSCO Cisco Systems Inc. | Reduce -54.9% | 0.10% | −0.07 |
| AZO AutoZone Inc. | Reduce -21.9% | 0.13% | −0.06 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.06 |
| ORCL Oracle Corp. | Reduce -26.3% | 0.12% | −0.06 |
| LNG Cheniere Energy Inc. | Sold out | 0.00% | −0.06 |
| VONV Vanguard Russell 1000 Value | Sold out | 0.00% | −0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.06 |
| MS Morgan Stanley | Sold out | 0.00% | −0.05 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.05 |
| PLTR Palantir Technologies Inc. Class A | Sold out | 0.00% | −0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.04 |
| USAR USA Rare Earth Inc. | Sold out | 0.00% | −0.04 |
| KNSL Kinsale Capital Group Inc. | Sold out | 0.00% | −0.04 |
| SPGI S&P Global Inc. | Sold out | 0.00% | −0.04 |
| MP MP Materials Corp. | Sold out | 0.00% | −0.04 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.04 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.04 |
| SPIB SS SPDR P Int C Corp. ETF | Sold out | 0.00% | −0.04 |
| USIG iShares Broad Usd Investment | Sold out | 0.00% | −0.04 |
| INFL Horizon Kinetics Infl Benef | Sold out | 0.00% | −0.04 |
| COP Conocophillips | Reduce -6.3% | 0.12% | −0.04 |
| T AT&T Inc. | Reduce -1.9% | 0.11% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -41.1% | 0.08% | −0.03 |
| AIRR First Trust Rba American Ind | Reduce -38.4% | 0.05% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -11.6% | 0.18% | −0.03 |
| GLXY Galaxy Digital Inc. Class A | Reduce -1.2% | 0.79% | −0.03 |
| ALL Allstate Corp. | Reduce -37.0% | 0.05% | −0.03 |
| DIS The Walt Disney Co. | Reduce -28.9% | 0.04% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -11.0% | 0.07% | −0.02 |
| NFLX Netflix Inc. | Reduce -5.5% | 0.04% | −0.02 |
| SO The Southern Co. | Reduce -6.1% | 0.19% | −0.02 |
| NEE Nextera Energy Inc. | Reduce -10.9% | 0.06% | −0.02 |
| MDIV FT Multi-Asset Divers Inc. | Reduce -28.5% | 0.03% | −0.02 |
Portfolio Buys Q1 2026 → Q2 2026
| FTSM First Trust Enh Short Mat FD | Add +1588.1% | 3.92% | +3.68 |
| AVGO Broadcom Inc. | Add +239.5% | 0.70% | +0.47 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +3.6% | 5.79% | +0.33 |
| APP AppLovin Corp. Class A | Add +0.8% | 2.09% | +0.26 |
| ACIO Aptus Collared Invest Opp | Add +2.0% | 11.10% | +0.25 |
| NOW ServiceNow Inc. | Add +60.4% | 0.56% | +0.25 |
| OCUL Ocular Therapeutix Inc. | Add +20.9% | 1.17% | +0.23 |
| DUBS Aptus LRG Cap Enh YLD ETF | Add +3.6% | 4.00% | +0.23 |
| IDUB Aptus Intl Enhan YLD ETF | Add +2.0% | 7.26% | +0.22 |
| SPDW Ste STR SPDR PT DW Eu ETF | Add +2.7% | 5.63% | +0.21 |
| OSCV Opus Small Cap Value ETF | Add +3.4% | 4.82% | +0.18 |
| ADME Aptus Drwdwn MGD Eqty ETF | Add +2.5% | 4.64% | +0.17 |
| APH Amphenol Corp. Class A | Add +5.7% | 0.68% | +0.13 |
| PGR Progressive Corp. | Add +17.0% | 0.66% | +0.13 |
| DRSK Aptus Defined Risk ETF | Add +2.3% | 8.01% | +0.10 |
| CPRT Copart Inc. | Add +43.0% | 0.54% | +0.09 |
| AAPL Apple Inc. | Add +1.2% | 1.51% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.08% | +0.08 |
| ROK Rockwell Automation Inc. | New | 0.08% | +0.08 |
| CHE Chemed Corp. | Add +5.5% | 0.66% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +15.9% | 0.50% | +0.08 |
| RSP Invesco S&P 500 Equal Weight | Add +5.5% | 0.80% | +0.06 |
| USPX Franklin U.S. Equity Index E | New | 0.06% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +3.2% | 2.43% | +0.06 |
| AMAT Applied Materials Inc. | Add +1.1% | 0.13% | +0.06 |
| HD Home Depot Inc. | Add +4.9% | 0.60% | +0.06 |
| QQQM Invesco Nasdaq 100 ETF | Add +3.0% | 0.54% | +0.06 |
| V Visa Inc. Class A | Add +4.6% | 0.73% | +0.05 |
| WSM Williams-Sonoma Inc. | New | 0.04% | +0.04 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.04% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.04% | +0.04 |
| SPYI Neos S&P 500 High Income ETF | New | 0.04% | +0.04 |
| PII Polaris Inc. | New | 0.04% | +0.04 |
| SPGI S&P Global Inc. Class W | New | 0.04% | +0.04 |
| LOW Lowe's Cos Inc. | Add +43.3% | 0.15% | +0.03 |
| IJR iShares Core S&P Small-Cap E | Add +1.4% | 0.43% | +0.03 |
| IJH iShares Core S&P Midcap ETF | Add +2.7% | 0.43% | +0.03 |
| KO The Coca-Cola Co. | Add +17.6% | 0.15% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 0.42% | +0.02 |
| PSA Public Storage | Add +29.6% | 0.08% | +0.02 |
| XLK SS Technology Select Sector | Add +5.8% | 0.09% | +0.02 |
| AMT American Tower Corp. | Add +16.1% | 0.57% | +0.02 |
| GE General Electric | Add +0.2% | 0.08% | +0.02 |
| ABBV Abbvie Inc. | Add +0.2% | 0.06% | +0.01 |
| JUCY Aptus Enhanced Yield ETF | Add +2.7% | 3.78% | +0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Add +0.8% | 0.11% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +3.4% | 0.13% | +0.01 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +7.9% | 0.06% | +0.01 |
| BKAG BNY Mellon Core Bond ETF | Add +2.5% | 0.83% | +0.00 |
| SEV Aptera Motors Corp. Class B | New | 0.00% | +0.00 |
Options Activity Q1 2026 → Q2 2026
| ANTERO RESOURCES CORP | put | New | 100 | $14K |
| MICROSOFT CORP | put | New | 9 | $8K |
| APPLE INC | put | New | 17 | $7K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026Amended | 173 | $537.0M | ACIO, DRSK, IDUB, SPY, SPDW |
| Q1 2026 | 185 | $528.0M | ACIO, DRSK, IDUB, SPY, SPDW |
| Q4 2025 | 166 | $486.6M | ACIO, DRSK, IDUB, SPDW, ADME |
| Q3 2025 | 160 | $483.1M | ACIO, DRSK, IDUB, SPDW, ADME |
| Q2 2025 | 149 | $430.4M | ACIO, DRSK, IDUB, SPDW, ADME |
| Q1 2025 | 145 | $388.1M | ACIO, DRSK, IDUB, SPDW, ADME |
| Q4 2024 | 131 | $370.9M | ACIO, DRSK, IDUB, SPY, ADME |
| Q3 2024 | 136 | $366.9M | ACIO, DRSK, IDUB, SPDW, SPY |
| Q2 2024 | 115 | $326.9M | ACIO, DRSK, IDUB, SPDW, SPY |
| Q1 2024 | 114 | $308.3M | ACIO, DRSK, IDUB, SPDW, SPY |