Second Line Capital, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 22, 2024), Second Line Capital, LLC reported 114 stock positions worth $308.3 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 11.8% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 9.0%) and Aptus Intl Enhan YLD ETF (IDUB, 6.5%). Compared with Q4 2023, it opened 21 new positions, sold out of 9, added to 54 and reduced 29. The biggest buy was Aptus Intl Enhan YLD ETF (IDUB, shares +1021%) and the biggest sale Ste STR SPDR PT DW Eu ETF (SPDW, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- METAIRIE, LA
- CIK
- 0001992879
- Portfolio Value
- $308.3M (Q1 2024)
- SEC Filing
- 0001992879-24-000002 ↗ filed May 22, 2024
Holdings Value
Holdings 114 stocks · $308.3M
| ACIO Aptus Collared Invest Opp | 11.80% | 1,009,708 | $36.4M | Add +5.0% |
| DRSK Aptus Defined Risk ETF | 8.95% | 1,035,359 | $27.6M | Add +7.6% |
| IDUB Aptus Intl Enhan YLD ETF | 6.47% | 959,067 | $20.0M | Add +1020.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.60% | 481,889 | $17.3M | Reduce -37.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.17% | 30,395 | $15.9M | Reduce -30.0% |
| OSCV Opus Small Cap Value ETF | 5.12% | 438,894 | $15.8M | Add +19.3% |
| JUCY Aptus Enhanced Yield ETF | 4.95% | 652,203 | $15.2M | New |
| ADME Aptus Drwdwn MGD Eqty ETF | 4.85% | 356,443 | $15.0M | Add +0.4% |
| RSP Invesco S&P 500 Equal Weight | 3.08% | 56,000 | $9.5M | Add +46.7% |
| DUBS Aptus LRG Cap Enh YLD ETF | 2.53% | 266,652 | $7.8M | Add +341.2% |
| SPEM State Street SP PTF Em ETF | 2.29% | 195,176 | $7.1M | Reduce -35.1% |
| MSFT Microsoft Corp. | 1.51% | 11,054 | $4.7M | Add +5.1% |
| META Meta Platforms Inc. Class A | 1.42% | 9,021 | $4.4M | Add +3.2% |
| CROX Crocs Inc. | 1.38% | 29,545 | $4.2M | Add +0.6% |
| JPM JPMorgan Chase & Co. | 1.28% | 19,653 | $3.9M | Add +7.8% |
| AAPL Apple Inc. | 1.27% | 22,888 | $3.9M | Add +29.7% |
| OGN Organon & Co. | 1.17% | 191,885 | $3.6M | Add +0.7% |
| XOM Exxon Mobil Corp. | 1.14% | 30,337 | $3.5M | Add +28.4% |
| CZR Caesars Entertainment Inc. | 1.08% | 75,881 | $3.3M | Add +18.0% |
| BKAG BNY Mellon Core Bond ETF | 1.07% | 78,867 | $3.3M | Add +10.8% |
| CVX Chevron Corp. | 1.02% | 19,847 | $3.1M | Add +2.4% |
| ALB Albemarle Corp. | 1.01% | 23,468 | $3.1M | New |
| MTZ Mastec Inc. | 0.91% | 30,026 | $2.8M | Add +0.8% |
| AVGO Broadcom Inc. | 0.91% | 2,104 | $2.8M | Reduce -11.4% |
| GOOGL Alphabet Inc. Class A | 0.90% | 18,310 | $2.8M | Add +5.2% |
| SKX Skechers USA Inc. Class A | 0.86% | 43,081 | $2.6M | No change |
| CPRT Copart Inc. | 0.85% | 45,514 | $2.6M | Add +3.4% |
| FANG Diamondback Energy Inc. | 0.85% | 13,179 | $2.6M | Add +14.8% |
| WMT Walmart Inc. | 0.82% | 41,940 | $2.5M | Add +26.3% |
| PGR Progressive Corp. | 0.82% | 12,222 | $2.5M | Reduce -6.7% |
| CHE Chemed Corp. | 0.76% | 3,648 | $2.3M | Add +7.1% |
| V Visa Inc. Class A | 0.76% | 8,380 | $2.3M | Add +4.4% |
| BR Broadridge Financial Solutio | 0.75% | 11,280 | $2.3M | Add +3.5% |
| DVN Devon Energy Corp. | 0.73% | 45,142 | $2.3M | Add +5.6% |
| ROP Roper Technologies Inc. | 0.72% | 3,975 | $2.2M | Add +5.8% |
| UNH Unitedhealth Group Inc. | 0.71% | 4,396 | $2.2M | Add +9.3% |
| AMT American Tower Corp. | 0.69% | 10,820 | $2.1M | Add +12.2% |
| ADBE Adobe Inc. | 0.67% | 4,101 | $2.1M | Add +2.8% |
| MGM MGM Resorts International | 0.67% | 43,456 | $2.1M | Add +0.9% |
| VOO Vanguard S&P 500 ETF | 0.66% | 4,216 | $2.0M | Add +21.6% |
| NVDA Nvidia Corp. | 0.59% | 2,014 | $1.8M | Add +11.5% |
| SOFI Sofi Technologies Inc. | 0.57% | 241,246 | $1.8M | Add +1.6% |
| INFA Informatica Inc. Class A | 0.57% | 50,137 | $1.8M | New |
| SCHW Schwab (charles) Corp. | 0.52% | 21,983 | $1.6M | Reduce -0.1% |
| HD Home Depot Inc. | 0.46% | 3,667 | $1.4M | Add +8.5% |
| TSLA Tesla Inc. | 0.45% | 7,949 | $1.4M | Add +0.7% |
| AMZN Amazon.com Inc. | 0.44% | 7,538 | $1.4M | Reduce -0.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.39% | 22,333 | $1.2M | Reduce -9.2% |
| XSCDX LMP Capital and Income Fund | 0.38% | 74,400 | $1.2M | No change |
| ARCC Ares Capital Corp. | 0.37% | 55,427 | $1.2M | Add +1.1% |
| FUBO Fubotv Inc. | 0.28% | 543,501 | $859K | No change |
| LOW Lowe's Cos Inc. | 0.28% | 3,356 | $855K | Add +3.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 1,968 | $828K | New |
| XLV SS Health Care Select Sector | 0.22% | 4,671 | $690K | Reduce -31.4% |
| SO The Southern Co. | 0.19% | 8,276 | $594K | Add +19.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.18% | 12,812 | $551K | Reduce -5.4% |
| GLD SPDR Gold Shares | 0.18% | 2,645 | $544K | Reduce -12.7% |
| LGLV SPDR US LC Low Vol Idx | 0.17% | 3,366 | $524K | Reduce -10.3% |
| MRK Merck & Co. Inc. | 0.17% | 3,862 | $512K | Add +53.3% |
| JNJ Johnson & Johnson | 0.16% | 3,138 | $496K | Add +9.2% |
| PDT John Hancock Prem DVD FND | 0.16% | 41,561 | $484K | Add +11.3% |
| AZO AutoZone Inc. | 0.15% | 151 | $476K | No change |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.15% | 5,448 | $475K | Reduce -14.9% |
| FSK FS KKR Capital Corp. | 0.15% | 22,623 | $447K | Add +22.7% |
| SDY SS SPDR S&P Dividend ETF | 0.14% | 3,247 | $426K | Reduce -17.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 951 | $422K | Add +2.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.13% | 4,466 | $410K | Reduce -12.7% |
| KO The Coca-Cola Co. | 0.13% | 6,589 | $406K | Add +22.8% |
| T AT&T Inc. | 0.13% | 22,771 | $401K | Reduce -2.1% |
| POOL Pool Corp. | 0.13% | 988 | $399K | Add +6.3% |
| AR Antero Resources Corp. | 0.13% | 13,480 | $391K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,111 | $382K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.12% | 5,787 | $380K | Reduce -21.7% |
| PG The Procter & Gamble Co. | 0.12% | 2,194 | $356K | Add +12.9% |
| ET Energy Transfer LP | 0.11% | 21,637 | $340K | Add +10.4% |
| PSA Public Storage | 0.11% | 1,119 | $325K | No change |
| PII Polaris Inc. | 0.10% | 3,150 | $315K | No change |
| ITW Illinois Tool Works | 0.10% | 1,153 | $311K | New |
| XLK SS Technology Select Sector | 0.10% | 1,471 | $306K | Reduce -13.4% |
| VGT Vanguard Info Tech ETF | 0.10% | 580 | $304K | Add +1.6% |
| AMD Advanced Micro Devices | 0.10% | 1,646 | $297K | Reduce -2.0% |
| BP BP PLC-Spons ADR | 0.09% | 7,757 | $292K | Add +21.7% |
| XLF SS Financial Select Sector | 0.09% | 6,930 | $292K | Reduce -31.8% |
| XLRE SS Real Estate Select Sector | 0.09% | 7,283 | $288K | Reduce -18.8% |
| VZ Verizon Communications Inc. | 0.09% | 6,795 | $285K | New |
| COP Conocophillips | 0.09% | 2,158 | $275K | New |
| LIN Linde PLC | 0.09% | 588 | $273K | Add +20.7% |
| XAR SS SPDR S&P Aerospace Def | 0.09% | 1,924 | $270K | Reduce -13.1% |
| IGRO iShares Intl Div Growth ETF | 0.09% | 4,007 | $270K | Reduce -39.1% |
| PSX Phillips 66 | 0.09% | 1,642 | $268K | New |
| ROK Rockwell Automation Inc. | 0.09% | 916 | $267K | No change |
| IDEV iShares Core MSCI Dev MKTS | 0.08% | 3,861 | $259K | No change |
| SPAB SS SPDR P Agg Bond ETF | 0.08% | 10,142 | $256K | Reduce -13.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,333 | $255K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.08% | 763 | $245K | New |
| ACN Accenture PLC Class A | 0.08% | 683 | $237K | Add +7.9% |
| XLE SS Energy Select Sector | 0.08% | 2,494 | $235K | Reduce -40.9% |
| PEP Pepsico Inc. | 0.08% | 1,327 | $234K | New |
| ISRG Intuitive Surgical Inc. | 0.08% | 585 | $233K | New |
| VYM Vanguard High DVD Yield ETF | 0.07% | 1,886 | $228K | New |
Portfolio Sells Q4 2023 → Q1 2024
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -37.6% | 5.60% | −4.90 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -30.0% | 5.17% | −3.12 |
| SPEM State Street SP PTF Em ETF | Reduce -35.1% | 2.29% | −1.97 |
| AVGO Broadcom Inc. | Reduce -11.4% | 0.91% | −0.15 |
| XLV SS Health Care Select Sector | Reduce -31.4% | 0.22% | −0.15 |
| INFL Horizon Kinetics Infl Benef | Sold out | 0.00% | −0.12 |
| XLI SS Industrial Select Sector | Sold out | 0.00% | −0.12 |
| XLB SS Materials Select Sector | Sold out | 0.00% | −0.11 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.11 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.10 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.09 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -9.2% | 0.39% | −0.09 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 0.52% | −0.09 |
| ULST SS Ultra Short TM Bond ETF | Sold out | 0.00% | −0.09 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.08 |
| IGRO iShares Intl Div Growth ETF | Reduce -39.1% | 0.09% | −0.08 |
| SPBO SS SPDR P Corp. Bond ETF | Sold out | 0.00% | −0.08 |
| XLE SS Energy Select Sector | Reduce -40.9% | 0.08% | −0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -21.7% | 0.12% | −0.06 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -14.9% | 0.15% | −0.06 |
| SDY SS SPDR S&P Dividend ETF | Reduce -17.8% | 0.14% | −0.06 |
| XLF SS Financial Select Sector | Reduce -31.8% | 0.09% | −0.06 |
| GLD SPDR Gold Shares | Reduce -12.7% | 0.18% | −0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -12.7% | 0.13% | −0.05 |
| XLRE SS Real Estate Select Sector | Reduce -18.8% | 0.09% | −0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -5.4% | 0.18% | −0.05 |
| LGLV SPDR US LC Low Vol Idx | Reduce -10.3% | 0.17% | −0.05 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -13.5% | 0.08% | −0.04 |
| XAR SS SPDR S&P Aerospace Def | Reduce -13.1% | 0.09% | −0.03 |
| XLK SS Technology Select Sector | Reduce -13.4% | 0.10% | −0.03 |
| SPTI SS SPDR P Int Term TSY ETF | Reduce -13.2% | 0.07% | −0.03 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -17.4% | 0.07% | −0.03 |
| T AT&T Inc. | Reduce -2.1% | 0.13% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -0.1% | 0.44% | −0.02 |
| PGR Progressive Corp. | Reduce -6.7% | 0.82% | −0.01 |
| XAGDX Abrdn GLBL DYNM Divid | Reduce -6.2% | 0.05% | −0.01 |
| AMD Advanced Micro Devices | Reduce -2.0% | 0.10% | −0.00 |
| AMARIN CORP PLC | Reduce -7.1% | 0.00% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| IDUB Aptus Intl Enhan YLD ETF | Add +1020.6% | 6.47% | +5.79 |
| JUCY Aptus Enhanced Yield ETF | New | 4.95% | +4.95 |
| DUBS Aptus LRG Cap Enh YLD ETF | Add +341.2% | 2.53% | +1.88 |
| ALB Albemarle Corp. | New | 1.01% | +1.01 |
| RSP Invesco S&P 500 Equal Weight | Add +46.7% | 3.08% | +0.67 |
| INFA Informatica Inc. Class A | New | 0.57% | +0.57 |
| CROX Crocs Inc. | Add +0.6% | 1.38% | +0.28 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.27% | +0.27 |
| NVDA Nvidia Corp. | Add +11.5% | 0.59% | +0.23 |
| XOM Exxon Mobil Corp. | Add +28.4% | 1.14% | +0.20 |
| META Meta Platforms Inc. Class A | Add +3.2% | 1.42% | +0.18 |
| OSCV Opus Small Cap Value ETF | Add +19.3% | 5.12% | +0.18 |
| FANG Diamondback Energy Inc. | Add +14.8% | 0.85% | +0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | New | 0.12% | +0.12 |
| WMT Walmart Inc. | Add +26.3% | 0.82% | +0.12 |
| ITW Illinois Tool Works | New | 0.10% | +0.10 |
| VZ Verizon Communications Inc. | New | 0.09% | +0.09 |
| COP Conocophillips | New | 0.09% | +0.09 |
| PSX Phillips 66 | New | 0.09% | +0.09 |
| IBM Intl Business Machines Corp. | New | 0.08% | +0.08 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.08% | +0.08 |
| PEP Pepsico Inc. | New | 0.08% | +0.08 |
| ISRG Intuitive Surgical Inc. | New | 0.08% | +0.08 |
| VYM Vanguard High DVD Yield ETF | New | 0.07% | +0.07 |
| INTC Intel Corp. | New | 0.07% | +0.07 |
| CL Colgate-Palmolive Co. | New | 0.07% | +0.07 |
| OGN Organon & Co. | Add +0.7% | 1.17% | +0.07 |
| AB Alliancebernstein Holding LP | New | 0.07% | +0.07 |
| IP International Paper Co. | New | 0.07% | +0.07 |
| DIS The Walt Disney Co. | New | 0.07% | +0.07 |
| MRK Merck & Co. Inc. | Add +53.3% | 0.17% | +0.06 |
| VOO Vanguard S&P 500 ETF | Add +21.6% | 0.66% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +7.8% | 1.28% | +0.04 |
| JPC Nuveen Prefered & Income Opp | New | 0.03% | +0.03 |
| GSAT Globalstar Inc. | New | 0.01% | +0.01 |
| LIN Linde PLC | Add +20.7% | 0.09% | +0.01 |
| MTZ Mastec Inc. | Add +0.8% | 0.91% | +0.01 |
| KO The Coca-Cola Co. | Add +22.8% | 0.13% | +0.01 |
| BP BP PLC-Spons ADR | Add +21.7% | 0.09% | +0.00 |
| ET Energy Transfer LP | Add +10.4% | 0.11% | +0.00 |
| PG The Procter & Gamble Co. | Add +12.9% | 0.12% | +0.00 |
| SO The Southern Co. | Add +19.6% | 0.19% | −0.00 |
| PDT John Hancock Prem DVD FND | Add +11.3% | 0.16% | −0.00 |
| FSK FS KKR Capital Corp. | Add +22.7% | 0.15% | −0.00 |
| NAD Nuveen Quality Municipal Inc. | Add +15.9% | 0.04% | −0.00 |
| CPRT Copart Inc. | Add +3.4% | 0.85% | −0.01 |
| RA Brookfield Real Assets Incom | Add +7.7% | 0.07% | −0.01 |
| LOW Lowe's Cos Inc. | Add +3.9% | 0.28% | −0.01 |
| VGT Vanguard Info Tech ETF | Add +1.6% | 0.10% | −0.01 |
| ACN Accenture PLC Class A | Add +7.9% | 0.08% | −0.01 |
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 |