Second Line Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 16, 2024), Second Line Capital, LLC reported 115 stock positions worth $326.9 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 12.3% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 9.2%) and Aptus Intl Enhan YLD ETF (IDUB, 6.6%). Compared with Q1 2024, it opened 17 new positions, sold out of 16, added to 58 and reduced 34. The biggest buy was a new position in Mara (MARA) and the biggest sale an exit from Crocs (CROX).

Most Recent 13F
Q2 2026
Location
METAIRIE, LA
CIK
0001992879
Portfolio Value
$326.9M (Q2 2024)
SEC Filing
0001992879-24-000004 ↗ filed Aug 16, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $308.3M Q1 2024 Q2 2024: $326.9M $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 115 stocks · $326.9M
ACIO Aptus Collared Invest Opp 12.35% 1,072,533 $40.4M Add +6.2%
DRSK Aptus Defined Risk ETF 9.20% 1,112,820 $30.1M Add +7.5%
IDUB Aptus Intl Enhan YLD ETF 6.59% 1,047,686 $21.5M Add +9.2%
SPDW Ste STR SPDR PT DW Eu ETF 5.42% 504,640 $17.7M Add +4.7%
SPY SS SPDR S&P 500 ETF Trust-US 5.20% 31,118 $17.0M Add +2.4%
ADME Aptus Drwdwn MGD Eqty ETF 5.06% 377,868 $16.5M Add +6.0%
OSCV Opus Small Cap Value ETF 4.95% 469,268 $16.2M Add +6.9%
JUCY Aptus Enhanced Yield ETF 4.91% 694,170 $16.1M Add +6.4%
RSP Invesco S&P 500 Equal Weight 3.02% 60,022 $9.9M Add +7.2%
DUBS Aptus LRG Cap Enh YLD ETF 2.70% 291,061 $8.8M Add +9.2%
SPEM State Street SP PTF Em ETF 2.35% 203,959 $7.7M Add +4.5%
MSFT Microsoft Corp. 1.94% 14,186 $6.3M Add +28.3%
AAPL Apple Inc. 1.56% 24,172 $5.1M Add +5.6%
XOM Exxon Mobil Corp. 1.54% 43,755 $5.0M Add +44.2%
JPM JPMorgan Chase & Co. 1.32% 21,405 $4.3M Add +8.9%
META Meta Platforms Inc. Class A 1.28% 8,274 $4.2M Reduce -8.3%
MARA Mara Holdings Inc. filed as MARATHON DIGITAL HOLDINGS IN 1.24% 204,510 $4.1M New
BKAG BNY Mellon Core Bond ETF 1.10% 87,165 $3.6M Add +10.5%
AVGO Broadcom Inc. 1.08% 2,198 $3.5M Add +4.5%
GOOGL Alphabet Inc. Class A 1.04% 18,609 $3.4M Add +1.6%
WMT Walmart Inc. 0.91% 43,836 $3.0M Add +4.5%
APP AppLovin Corp. Class A 0.85% 33,313 $2.8M New
FANG Diamondback Energy Inc. 0.83% 13,484 $2.7M Add +2.3%
GCT Gigacloud Technology Inc. Class A 0.81% 87,452 $2.7M New
CVX Chevron Corp. 0.81% 16,889 $2.6M Reduce -14.9%
PGR Progressive Corp. 0.80% 12,631 $2.6M Add +3.4%
CPRT Copart Inc. 0.78% 47,335 $2.6M Add +4.0%
ADBE Adobe Inc. 0.77% 4,505 $2.5M Add +9.8%
NVDA Nvidia Corp. 0.75% 19,780 $2.4M Reduce -1.8%
UNH Unitedhealth Group Inc. 0.75% 4,798 $2.4M Add +9.1%
V Visa Inc. Class A 0.74% 9,194 $2.4M Add +9.7%
ROP Roper Technologies Inc. 0.73% 4,249 $2.4M Add +6.9%
BR Broadridge Financial Solutio 0.72% 11,945 $2.4M Add +5.9%
AMT American Tower Corp. 0.70% 11,718 $2.3M Add +8.3%
MTZ Mastec Inc. 0.70% 21,272 $2.3M Reduce -29.1%
SKX Skechers USA Inc. Class A 0.68% 32,325 $2.2M Reduce -25.0%
ON On Semiconductor 0.67% 32,136 $2.2M New
CHE Chemed Corp. 0.65% 3,925 $2.1M Add +7.6%
VOO Vanguard S&P 500 ETF 0.64% 4,189 $2.1M Reduce -0.6%
OCUL Ocular Therapeutix Inc. 0.55% 262,810 $1.8M New
AMZN Amazon.com Inc. 0.50% 8,512 $1.6M Add +12.9%
SOFI Sofi Technologies Inc. 0.49% 244,446 $1.6M Add +1.3%
NXH Neighborhood Intelligence Inc. filed as BEYOND INC 0.48% 120,857 $1.6M New
HD Home Depot Inc. 0.48% 4,535 $1.6M Add +23.7%
TSLA Tesla Inc. 0.48% 7,869 $1.6M Reduce -1.0%
VKTX Viking Therapeutics Inc. 0.46% 28,419 $1.5M New
XSCDX LMP Capital and Income Fund 0.35% 74,400 $1.2M No change
ARCC Ares Capital Corp. 0.34% 53,727 $1.1M Reduce -3.1%
LOW Lowe's Cos Inc. 0.32% 4,814 $1.1M Add +43.4%
SPMD SS SPDR P S&P 400 Midcap ETF 0.30% 18,976 $973K Reduce -15.0%
MGM MGM Resorts International 0.28% 20,962 $932K Reduce -51.8%
QQQ Invesco QQQ Trust Series 1 0.28% 1,894 $908K Add +99.2%
SO The Southern Co. 0.27% 11,171 $867K Add +35.0%
BRK.B Berkshire Hathaway Inc. Class B 0.26% 2,076 $845K Add +5.5%
FUBO Fubotv Inc. 0.20% 536,413 $665K Reduce -1.3%
JNJ Johnson & Johnson 0.19% 4,272 $624K Add +36.1%
T AT&T Inc. 0.19% 32,115 $614K Add +41.0%
MRK Merck & Co. Inc. 0.18% 4,634 $577K Add +20.0%
COP Conocophillips 0.17% 4,856 $555K Add +125.0%
PDT John Hancock Prem DVD FND 0.17% 46,377 $546K Add +11.6%
ORCL Oracle Corp. 0.16% 3,758 $531K New
XLV SS Health Care Select Sector 0.16% 3,583 $522K Reduce -23.3%
KO The Coca-Cola Co. 0.15% 7,810 $501K Add +18.5%
SPSM SS SPDR P S&P 600 Small Cap 0.15% 11,638 $483K Reduce -9.2%
GLD SPDR Gold Shares 0.14% 2,145 $461K Reduce -18.9%
PG The Procter & Gamble Co. 0.14% 2,791 $460K Add +27.2%
FSK FS KKR Capital Corp. 0.14% 22,210 $454K Reduce -1.8%
BP BP PLC-Spons ADR 0.14% 12,351 $446K Add +59.2%
AZO AutoZone Inc. 0.14% 150 $445K Reduce -0.7%
PSX Phillips 66 0.13% 3,091 $436K Add +88.3%
LGLV SPDR US LC Low Vol Idx 0.13% 2,814 $429K Reduce -16.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.12% 1,091 $408K Reduce -1.8%
VZ Verizon Communications Inc. 0.12% 9,811 $405K Add +44.4%
SLYG SS SPDR S&P 600 SC GR ETF 0.11% 4,191 $360K Reduce -23.1%
ET Energy Transfer LP 0.11% 21,867 $355K Add +1.1%
BIL SS SPDR BB 1-3M T-Bill ETF 0.10% 3,701 $340K Reduce -17.1%
AR Antero Resources Corp. 0.10% 10,375 $339K Reduce -23.0%
VGT Vanguard Info Tech ETF 0.10% 580 $335K No change
XLK SS Technology Select Sector 0.10% 1,457 $330K Reduce -0.9%
CL Colgate-Palmolive Co. 0.10% 3,352 $325K Add +36.7%
PSA Public Storage 0.10% 1,124 $323K Add +0.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 4,601 $314K Reduce -20.5%
SDY SS SPDR S&P Dividend ETF 0.09% 2,303 $293K Reduce -29.1%
CRWD CrowdStrike Holdings Inc. Class A 0.09% 757 $290K Reduce -0.8%
IGRO iShares Intl Div Growth ETF 0.08% 4,008 $270K Add +0.0%
ROK Rockwell Automation Inc. 0.08% 963 $265K Add +5.1%
XLF SS Financial Select Sector 0.08% 6,358 $261K Reduce -8.3%
LIN Linde PLC 0.08% 589 $258K Add +0.2%
IDEV iShares Core MSCI Dev MKTS 0.08% 3,928 $258K Add +1.7%
AB Alliancebernstein Holding LP 0.08% 7,464 $252K Add +24.0%
POOL Pool Corp. 0.08% 814 $250K Reduce -17.6%
PII Polaris Inc. 0.08% 3,150 $247K No change
ISRG Intuitive Surgical Inc. 0.08% 554 $246K Reduce -5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 1,406 $243K Add +5.5%
MO Altria Group Inc. 0.07% 5,175 $240K New
AMD Advanced Micro Devices 0.07% 1,472 $239K Reduce -10.6%
HON Honeywell International Inc. 0.07% 1,117 $239K New
AM Antero Midstream Corp. 0.07% 15,380 $227K No change
THQ Abrdn Healthcare Opport 0.07% 11,048 $225K New
WM Waste Management Inc. 0.07% 1,054 $225K New
RA Brookfield Real Assets Incom 0.07% 17,380 $222K Add +3.5%
MCD McDonald's Corp. 0.07% 869 $221K New
VYM Vanguard High DVD Yield ETF 0.07% 1,860 $221K Reduce -1.4%
CMCSA Comcast Corp. Class A 0.07% 5,502 $215K New
XAR SS SPDR S&P Aerospace Def 0.06% 1,515 $212K Reduce -21.3%
NEE Nextera Energy Inc. 0.06% 2,958 $209K New
KMI Kinder Morgan Inc. 0.06% 10,290 $204K New
SPAB SS SPDR P Agg Bond ETF 0.06% 7,983 $200K Reduce -21.3%
XLRE SS Real Estate Select Sector 0.06% 5,208 $200K Reduce -28.5%
XAGDX Abrdn GLBL DYNM Divid 0.05% 17,558 $171K Add +3.9%
F Ford Motor Co. filed as FORD MTR CO DEL 0.05% 12,652 $159K New
NAD Nuveen Quality Municipal Inc. 0.04% 11,648 $138K No change
JPC Nuveen Prefered & Income Opp 0.04% 16,892 $127K Add +34.6%
GSAT Globalstar Inc. 0.01% 22,817 $26K No change
AMARIN CORP PLC 0.00% 11,720 $8K Reduce -0.2%

Portfolio Sells Q1 2024 → Q2 2024
CROX Crocs Inc. Sold out 0.00% −1.38
OGN Organon & Co. Sold out 0.00% −1.17
CZR Caesars Entertainment Inc. Sold out 0.00% −1.08
ALB Albemarle Corp. Sold out 0.00% −1.01
DVN Devon Energy Corp. Sold out 0.00% −0.73
INFA Informatica Inc. Class A Sold out 0.00% −0.57
SCHW Schwab (charles) Corp. Sold out 0.00% −0.52
MGM MGM Resorts International Reduce -51.8% 0.28% −0.38
MTZ Mastec Inc. Reduce -29.1% 0.70% −0.21
CVX Chevron Corp. Reduce -14.9% 0.81% −0.21
SKX Skechers USA Inc. Class A Reduce -25.0% 0.68% −0.17
META Meta Platforms Inc. Class A Reduce -8.3% 1.28% −0.14
ITW Illinois Tool Works Sold out 0.00% −0.10
SPMD SS SPDR P S&P 400 Midcap ETF Reduce -15.0% 0.30% −0.09
ACN Accenture PLC Class A Sold out 0.00% −0.08
XLE SS Energy Select Sector Sold out 0.00% −0.08
PEP Pepsico Inc. Sold out 0.00% −0.08
FUBO Fubotv Inc. Reduce -1.3% 0.20% −0.07
INTC Intel Corp. Sold out 0.00% −0.07
SPTI SS SPDR P Int Term TSY ETF Sold out 0.00% −0.07
SPLV Invesco S&P 500 Low Volatili Sold out 0.00% −0.07
IP International Paper Co. Sold out 0.00% −0.07
DIS The Walt Disney Co. Sold out 0.00% −0.07
XLV SS Health Care Select Sector Reduce -23.3% 0.16% −0.06
POOL Pool Corp. Reduce -17.6% 0.08% −0.05
SDY SS SPDR S&P Dividend ETF Reduce -29.1% 0.09% −0.05
SLYG SS SPDR S&P 600 SC GR ETF Reduce -23.1% 0.11% −0.04
LGLV SPDR US LC Low Vol Idx Reduce -16.4% 0.13% −0.04
GLD SPDR Gold Shares Reduce -18.9% 0.14% −0.04
XLRE SS Real Estate Select Sector Reduce -28.5% 0.06% −0.03
ARCC Ares Capital Corp. Reduce -3.1% 0.34% −0.03
SPSM SS SPDR P S&P 600 Small Cap Reduce -9.2% 0.15% −0.03
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -17.1% 0.10% −0.03
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -20.5% 0.10% −0.03
AMD Advanced Micro Devices Reduce -10.6% 0.07% −0.02
AR Antero Resources Corp. Reduce -23.0% 0.10% −0.02
XAR SS SPDR S&P Aerospace Def Reduce -21.3% 0.06% −0.02
SPAB SS SPDR P Agg Bond ETF Reduce -21.3% 0.06% −0.02
AZO AutoZone Inc. Reduce -0.7% 0.14% −0.02
XLF SS Financial Select Sector Reduce -8.3% 0.08% −0.01
VOO Vanguard S&P 500 ETF Reduce -0.6% 0.64% −0.01
VYM Vanguard High DVD Yield ETF Reduce -1.4% 0.07% −0.01
FSK FS KKR Capital Corp. Reduce -1.8% 0.14% −0.01
AMARIN CORP PLC Reduce -0.2% 0.00% −0.00
ISRG Intuitive Surgical Inc. Reduce -5.3% 0.08% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.8% 0.12% +0.00
XLK SS Technology Select Sector Reduce -0.9% 0.10% +0.00
CRWD CrowdStrike Holdings Inc. Class A Reduce -0.8% 0.09% +0.01
TSLA Tesla Inc. Reduce -1.0% 0.48% +0.02
NVDA Nvidia Corp. Reduce -1.8% 0.75% +0.16

Portfolio Buys Q1 2024 → Q2 2024
MARA Mara Holdings Inc. New 1.24% +1.24
APP AppLovin Corp. Class A New 0.85% +0.85
GCT Gigacloud Technology Inc. Class A New 0.81% +0.81
ON On Semiconductor New 0.67% +0.67
OCUL Ocular Therapeutix Inc. New 0.55% +0.55
ACIO Aptus Collared Invest Opp Add +6.2% 12.35% +0.55
NXH Neighborhood Intelligence Inc. New 0.48% +0.48
VKTX Viking Therapeutics Inc. New 0.46% +0.46
MSFT Microsoft Corp. Add +28.3% 1.94% +0.43
XOM Exxon Mobil Corp. Add +44.2% 1.54% +0.40
AAPL Apple Inc. Add +5.6% 1.56% +0.28
DRSK Aptus Defined Risk ETF Add +7.5% 9.20% +0.25
ADME Aptus Drwdwn MGD Eqty ETF Add +6.0% 5.06% +0.20
DUBS Aptus LRG Cap Enh YLD ETF Add +9.2% 2.70% +0.17
AVGO Broadcom Inc. Add +4.5% 1.08% +0.17
ORCL Oracle Corp. New 0.16% +0.16
QQQ Invesco QQQ Trust Series 1 Add +99.2% 0.28% +0.14
GOOGL Alphabet Inc. Class A Add +1.6% 1.04% +0.14
IDUB Aptus Intl Enhan YLD ETF Add +9.2% 6.59% +0.12
ADBE Adobe Inc. Add +9.8% 0.77% +0.09
WMT Walmart Inc. Add +4.5% 0.91% +0.09
COP Conocophillips Add +125.0% 0.17% +0.08
MO Altria Group Inc. New 0.07% +0.07
HON Honeywell International Inc. New 0.07% +0.07
SO The Southern Co. Add +35.0% 0.27% +0.07
THQ Abrdn Healthcare Opport New 0.07% +0.07
WM Waste Management Inc. New 0.07% +0.07
MCD McDonald's Corp. New 0.07% +0.07
CMCSA Comcast Corp. Class A New 0.07% +0.07
NEE Nextera Energy Inc. New 0.06% +0.06
KMI Kinder Morgan Inc. New 0.06% +0.06
AMZN Amazon.com Inc. Add +12.9% 0.50% +0.06
SPEM State Street SP PTF Em ETF Add +4.5% 2.35% +0.06
T AT&T Inc. Add +41.0% 0.19% +0.06
F Ford Motor Co. New 0.05% +0.05
JPM JPMorgan Chase & Co. Add +8.9% 1.32% +0.05
LOW Lowe's Cos Inc. Add +43.4% 0.32% +0.05
PSX Phillips 66 Add +88.3% 0.13% +0.05
UNH Unitedhealth Group Inc. Add +9.1% 0.75% +0.04
BP BP PLC-Spons ADR Add +59.2% 0.14% +0.04
BKAG BNY Mellon Core Bond ETF Add +10.5% 1.10% +0.03
VZ Verizon Communications Inc. Add +44.4% 0.12% +0.03
JNJ Johnson & Johnson Add +36.1% 0.19% +0.03
CL Colgate-Palmolive Co. Add +36.7% 0.10% +0.03
PG The Procter & Gamble Co. Add +27.2% 0.14% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +2.4% 5.20% +0.03
KO The Coca-Cola Co. Add +18.5% 0.15% +0.02
HD Home Depot Inc. Add +23.7% 0.48% +0.02
MRK Merck & Co. Inc. Add +20.0% 0.18% +0.01
PDT John Hancock Prem DVD FND Add +11.6% 0.17% +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