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

0$200.0M$400.0M$600.0M Q1 2024: $308.3M $308.3M Q1 2024 Q2 2024: $326.9M Q2 2024 Q3 2024: $366.9M Q3 2024 Q4 2024: $370.9M Q4 2024 Q1 2025: $388.1M Q1 2025 Q2 2025: $430.4M Q2 2025 Q3 2025: $483.1M Q3 2025 Q4 2025: $486.6M Q4 2025 Q1 2026: $528.0M Q1 2026 Q2 2026: $537.0M Q2 2026

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
INTC Intel Corp. 0.07% 5,034 $222K New
CL Colgate-Palmolive Co. 0.07% 2,452 $221K New
RA Brookfield Real Assets Incom 0.07% 16,800 $217K Add +7.7%
AM Antero Midstream Corp. 0.07% 15,380 $216K No change
SPTI SS SPDR P Int Term TSY ETF 0.07% 7,645 $215K Reduce -13.2%
AB Alliancebernstein Holding LP 0.07% 6,020 $209K New
SPLV Invesco S&P 500 Low Volatili 0.07% 3,173 $209K Reduce -17.4%
IP International Paper Co. 0.07% 5,206 $203K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 1,639 $201K New
XAGDX Abrdn GLBL DYNM Divid 0.05% 16,905 $164K Reduce -6.2%
NAD Nuveen Quality Municipal Inc. 0.04% 11,648 $134K Add +15.9%
JPC Nuveen Prefered & Income Opp 0.03% 12,551 $91K New
GSAT Globalstar Inc. 0.01% 22,817 $34K New
AMARIN CORP PLC 0.00% 11,748 $10K Reduce -7.1%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026Amended 173$537.0MACIO, DRSK, IDUB, SPY, SPDW
Q1 2026 185$528.0MACIO, DRSK, IDUB, SPY, SPDW
Q4 2025 166$486.6MACIO, DRSK, IDUB, SPDW, ADME
Q3 2025 160$483.1MACIO, DRSK, IDUB, SPDW, ADME
Q2 2025 149$430.4MACIO, DRSK, IDUB, SPDW, ADME
Q1 2025 145$388.1MACIO, DRSK, IDUB, SPDW, ADME
Q4 2024 131$370.9MACIO, DRSK, IDUB, SPY, ADME
Q3 2024 136$366.9MACIO, DRSK, IDUB, SPDW, SPY
Q2 2024 115$326.9MACIO, DRSK, IDUB, SPDW, SPY
Q1 2024 114$308.3MACIO, DRSK, IDUB, SPDW, SPY