Second Line Capital, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 19, 2024), Second Line Capital, LLC reported 136 stock positions worth $366.9 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 12.0% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 8.8%) and Aptus Intl Enhan YLD ETF (IDUB, 6.6%). Compared with Q2 2024, it opened 24 new positions, sold out of 3, added to 66 and reduced 22. The biggest buy was a new position in Quanta Services (PWR) and the biggest sale Alphabet Class A (GOOGL, shares −72%).

Most Recent 13F
Q2 2026
Location
METAIRIE, LA
CIK
0001992879
Portfolio Value
$366.9M (Q3 2024)
SEC Filing
0001992879-24-000007 ↗ filed Nov 19, 2024

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $308.3M Q1 2024 Q2 2024: $326.9M Q2 2024 Q3 2024: $366.9M $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 136 stocks · $366.9M
ACIO Aptus Collared Invest Opp 11.96% 1,104,496 $43.9M Add +3.0%
DRSK Aptus Defined Risk ETF 8.82% 1,143,145 $32.4M Add +2.7%
IDUB Aptus Intl Enhan YLD ETF 6.60% 1,110,858 $24.2M Add +6.0%
SPDW Ste STR SPDR PT DW Eu ETF 5.39% 526,316 $19.8M Add +4.3%
SPY SS SPDR S&P 500 ETF Trust-US 5.02% 32,035 $18.4M Add +3.0%
OSCV Opus Small Cap Value ETF 5.01% 490,503 $18.4M Add +4.5%
ADME Aptus Drwdwn MGD Eqty ETF 4.91% 390,316 $18.0M Add +3.3%
JUCY Aptus Enhanced Yield ETF 4.51% 712,677 $16.5M Add +2.7%
RSP Invesco S&P 500 Equal Weight 3.09% 63,376 $11.4M Add +5.6%
DUBS Aptus LRG Cap Enh YLD ETF 2.62% 303,355 $9.6M Add +4.2%
SPEM State Street SP PTF Em ETF 2.40% 212,921 $8.8M Add +4.4%
MSFT Microsoft Corp. 1.77% 15,080 $6.5M Add +6.3%
XOM Exxon Mobil Corp. 1.61% 50,448 $5.9M Add +15.3%
META Meta Platforms Inc. Class A 1.59% 10,222 $5.9M Add +23.5%
AAPL Apple Inc. 1.59% 24,995 $5.8M Add +3.4%
JPM JPMorgan Chase & Co. 1.24% 21,596 $4.6M Add +0.9%
CVX Chevron Corp. 1.20% 30,015 $4.4M Add +77.7%
APP AppLovin Corp. Class A 1.19% 33,313 $4.3M No change
BKAG BNY Mellon Core Bond ETF 1.04% 88,701 $3.8M Add +1.8%
AMZN Amazon.com Inc. 1.04% 20,523 $3.8M Add +141.1%
WMT Walmart Inc. 1.02% 46,450 $3.8M Add +6.0%
AVGO Broadcom Inc. 0.92% 19,476 $3.4M Reduce -11.4%
MARA Mara Holdings Inc. 0.90% 204,510 $3.3M No change
PGR Progressive Corp. 0.84% 12,126 $3.1M Reduce -4.0%
UNH Unitedhealth Group Inc. 0.80% 5,037 $2.9M Add +5.0%
V Visa Inc. Class A 0.80% 10,679 $2.9M Add +16.1%
AMD Advanced Micro Devices 0.80% 17,838 $2.9M Add +1111.8%
PWR Quanta Services Inc. 0.79% 9,733 $2.9M New
ROP Roper Technologies Inc. 0.76% 5,038 $2.8M Add +18.6%
CHE Chemed Corp. 0.75% 4,597 $2.8M Add +17.1%
CPRT Copart Inc. 0.75% 52,619 $2.8M Add +11.2%
AMT American Tower Corp. 0.75% 11,856 $2.8M Add +1.2%
BR Broadridge Financial Solutio 0.75% 12,673 $2.7M Add +6.1%
VKTX Viking Therapeutics Inc. 0.66% 38,118 $2.4M Add +34.1%
FANG Diamondback Energy Inc. 0.64% 13,668 $2.4M Add +1.4%
GCT Gigacloud Technology Inc. Class A 0.64% 102,480 $2.4M Add +17.2%
NVDA Nvidia Corp. 0.64% 19,262 $2.3M Reduce -2.6%
ON On Semiconductor 0.64% 32,136 $2.3M No change
OCUL Ocular Therapeutix Inc. 0.62% 262,810 $2.3M No change
VOO Vanguard S&P 500 ETF 0.61% 4,258 $2.3M Add +1.6%
TSLA Tesla Inc. 0.56% 7,920 $2.1M Add +0.7%
SOFI Sofi Technologies Inc. 0.52% 244,446 $1.9M No change
HD Home Depot Inc. 0.51% 4,632 $1.9M Add +2.1%
NXH Neighborhood Intelligence Inc. filed as BEYOND INC 0.41% 151,053 $1.5M Add +25.0%
XSCDX LMP Capital and Income Fund 0.36% 74,400 $1.3M No change
LOW Lowe's Cos Inc. 0.35% 4,749 $1.3M Reduce -1.4%
ARCC Ares Capital Corp. 0.31% 54,124 $1.1M Add +0.7%
SKX Skechers USA Inc. Class A 0.29% 16,089 $1.1M Reduce -50.2%
BRK.B Berkshire Hathaway Inc. Class B 0.29% 2,288 $1.1M Add +10.2%
SPMD SS SPDR P S&P 400 Midcap ETF 0.28% 19,009 $1.0M Add +0.2%
T AT&T Inc. 0.27% 44,880 $987K Add +39.8%
JNJ Johnson & Johnson 0.26% 5,953 $965K Add +39.4%
SO The Southern Co. 0.26% 10,625 $958K Reduce -4.9%
QQQ Invesco QQQ Trust Series 1 0.25% 1,876 $916K Reduce -0.9%
GOOGL Alphabet Inc. Class A 0.24% 5,206 $863K Reduce -72.0%
FUBO Fubotv Inc. 0.21% 536,413 $762K No change
ORCL Oracle Corp. 0.18% 3,816 $650K Add +1.5%
KO The Coca-Cola Co. 0.18% 8,957 $648K Add +14.7%
BIL SS SPDR BB 1-3M T-Bill ETF 0.17% 6,768 $621K Add +82.9%
PDT John Hancock Prem DVD FND 0.17% 46,592 $616K Add +0.5%
MRK Merck & Co. Inc. 0.17% 5,337 $610K Add +15.2%
PG The Procter & Gamble Co. 0.16% 3,297 $571K Add +18.1%
SPSM SS SPDR P S&P 600 Small Cap 0.14% 11,673 $531K Add +0.3%
GLD SPDR Gold Shares 0.14% 2,151 $523K Add +0.3%
XLV SS Health Care Select Sector 0.14% 3,367 $519K Reduce -6.0%
COP Conocophillips 0.14% 4,882 $514K Add +0.5%
LGLV SPDR US LC Low Vol Idx 0.13% 2,813 $476K Reduce -0.0%
AZO AutoZone Inc. 0.13% 150 $473K No change
FSK FS KKR Capital Corp. 0.12% 21,898 $447K Reduce -1.4%
BP BP PLC-Spons ADR 0.12% 14,109 $443K Add +14.2%
HWC Hancock Whitney Corp. 0.12% 8,330 $426K New
PSA Public Storage 0.11% 1,124 $409K No change
PSX Phillips 66 0.11% 3,091 $406K No change
VUG Vanguard Mrngstar GR ETF-Sui 0.11% 1,053 $404K Reduce -3.5%
VZ Verizon Communications Inc. 0.11% 8,954 $402K Reduce -8.7%
PEP Pepsico Inc. 0.11% 2,314 $394K New
SLYG SS SPDR S&P 600 SC GR ETF 0.11% 4,194 $391K Add +0.1%
ADBE Adobe Inc. 0.10% 742 $384K Reduce -83.5%
ABBV Abbvie Inc. 0.10% 1,918 $379K New
ET Energy Transfer LP 0.10% 23,509 $377K Add +7.5%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.10% 4,603 $372K Add +0.0%
BX Blackstone Inc. 0.10% 2,379 $364K New
VGT Vanguard Info Tech ETF 0.10% 615 $361K Add +6.0%
CL Colgate-Palmolive Co. 0.09% 3,352 $348K No change
MSI Motorola Solutions Inc. 0.09% 752 $339K New
XLK SS Technology Select Sector 0.09% 1,454 $328K Reduce -0.2%
SDY SS SPDR S&P Dividend ETF 0.09% 2,307 $328K Add +0.2%
POOL Pool Corp. 0.09% 853 $322K Add +4.8%
CMCSA Comcast Corp. Class A 0.09% 7,540 $315K Add +37.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.08% 1,406 $311K No change
AR Antero Resources Corp. 0.08% 10,375 $297K No change
IGRO iShares Intl Div Growth ETF 0.08% 3,925 $293K Reduce -2.1%
XLF SS Financial Select Sector 0.08% 6,310 $286K Reduce -0.8%
BMY Bristol-Myers Squibb Co. 0.08% 5,483 $284K New
ABT Abbott Laboratories 0.08% 2,441 $278K New
IDEV iShares Core MSCI Dev MKTS 0.08% 3,928 $278K No change
AB Alliancebernstein Holding LP 0.08% 7,907 $276K Add +5.9%
ISRG Intuitive Surgical Inc. 0.07% 559 $275K Add +0.9%
CRWD CrowdStrike Holdings Inc. Class A 0.07% 972 $273K Add +28.4%
MCD McDonald's Corp. 0.07% 869 $265K No change
PII Polaris Inc. 0.07% 3,150 $262K No change
GE General Electric filed as GE AEROSPACE 0.07% 1,386 $262K New
NEE Nextera Energy Inc. 0.07% 3,097 $262K Add +4.7%
LIN Linde PLC 0.07% 545 $260K Reduce -7.5%
MO Altria Group Inc. 0.07% 4,982 $259K Reduce -3.7%
ROK Rockwell Automation Inc. 0.07% 963 $259K No change
KMI Kinder Morgan Inc. 0.07% 11,127 $246K Add +8.1%
GSK GSK PLC-Spon ADR 0.07% 5,955 $245K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.07% 2,533 $244K New
WMB Williams Cos Inc. 0.07% 5,282 $241K New
VYM Vanguard High DVD Yield ETF 0.07% 1,870 $240K Add +0.5%
RA Brookfield Real Assets Incom 0.07% 17,409 $239K Add +0.2%
INTC Intel Corp. 0.06% 10,061 $236K New
XAR SS SPDR S&P Aerospace Def 0.06% 1,496 $235K Reduce -1.3%
PHM Pultegroup Inc. 0.06% 1,633 $235K New
MDIV FT Multi-Asset Divers Inc. 0.06% 13,955 $232K New
AM Antero Midstream Corp. 0.06% 15,380 $231K No change
ACN Accenture PLC Class A 0.06% 653 $231K New
HON Honeywell International Inc. 0.06% 1,117 $231K No change
WM Waste Management Inc. 0.06% 1,054 $219K No change
XLRE SS Real Estate Select Sector 0.06% 4,886 $218K Reduce -6.2%
CAT Caterpillar Inc. 0.06% 551 $216K New
WEC WEC Energy Group Inc. 0.06% 2,193 $211K New
ANET Arista Networks Inc. 0.06% 547 $210K New
INFL Horizon Kinetics Infl Benef 0.06% 5,530 $208K New
SPAB SS SPDR P Agg Bond ETF 0.06% 7,915 $207K Reduce -0.8%
DTE DTE Energy Company 0.06% 1,567 $203K New
WSM Williams-Sonoma Inc. 0.06% 1,308 $203K New
LMT Lockheed Martin Corp. 0.06% 346 $202K New
LLY Eli Lilly & Co. 0.05% 227 $201K New
XAGDX Abrdn GLBL DYNM Divid 0.05% 17,608 $187K Add +0.3%
F Ford Motor Co. filed as FORD MTR CO 0.04% 15,277 $161K Add +20.8%
NAD Nuveen Quality Municipal Inc. 0.04% 11,648 $145K No change
JPC Nuveen Prefered & Income Opp 0.04% 16,892 $138K No change
GSAT Globalstar Inc. 0.01% 22,817 $28K No change
AMARIN CORP PLC 0.00% 11,720 $7K No change

Portfolio Sells Q2 2024 → Q3 2024
GOOGL Alphabet Inc. Class A Reduce -72.0% 0.24% −0.80
MTZ Mastec Inc. Sold out 0.00% −0.70
ADBE Adobe Inc. Reduce -83.5% 0.10% −0.66
SKX Skechers USA Inc. Class A Reduce -50.2% 0.29% −0.39
MGM MGM Resorts International Sold out 0.00% −0.28
AVGO Broadcom Inc. Reduce -11.4% 0.92% −0.16
NVDA Nvidia Corp. Reduce -2.6% 0.64% −0.11
THQ Abrdn Healthcare Opport Sold out 0.00% −0.07
QQQ Invesco QQQ Trust Series 1 Reduce -0.9% 0.25% −0.03
XLV SS Health Care Select Sector Reduce -6.0% 0.14% −0.02
FSK FS KKR Capital Corp. Reduce -1.4% 0.12% −0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -3.5% 0.11% −0.01
VZ Verizon Communications Inc. Reduce -8.7% 0.11% −0.01
XLK SS Technology Select Sector Reduce -0.2% 0.09% −0.01
LIN Linde PLC Reduce -7.5% 0.07% −0.01
SPAB SS SPDR P Agg Bond ETF Reduce -0.8% 0.06% −0.00
SO The Southern Co. Reduce -4.9% 0.26% −0.00
IGRO iShares Intl Div Growth ETF Reduce -2.1% 0.08% −0.00
MO Altria Group Inc. Reduce -3.7% 0.07% −0.00
XLF SS Financial Select Sector Reduce -0.8% 0.08% −0.00
XLRE SS Real Estate Select Sector Reduce -6.2% 0.06% −0.00
LGLV SPDR US LC Low Vol Idx Reduce -0.0% 0.13% −0.00
XAR SS SPDR S&P Aerospace Def Reduce -1.3% 0.06% −0.00
LOW Lowe's Cos Inc. Reduce -1.4% 0.35% +0.03
PGR Progressive Corp. Reduce -4.0% 0.84% +0.04

Portfolio Buys Q2 2024 → Q3 2024
PWR Quanta Services Inc. New 0.79% +0.79
AMD Advanced Micro Devices Add +1111.8% 0.80% +0.72
AMZN Amazon.com Inc. Add +141.1% 1.04% +0.54
CVX Chevron Corp. Add +77.7% 1.20% +0.40
META Meta Platforms Inc. Class A Add +23.5% 1.59% +0.32
VKTX Viking Therapeutics Inc. Add +34.1% 0.66% +0.20
HWC Hancock Whitney Corp. New 0.12% +0.12
WMT Walmart Inc. Add +6.0% 1.02% +0.11
PEP Pepsico Inc. New 0.11% +0.11
ABBV Abbvie Inc. New 0.10% +0.10
CHE Chemed Corp. Add +17.1% 0.75% +0.10
BX Blackstone Inc. New 0.10% +0.10
MSI Motorola Solutions Inc. New 0.09% +0.09
TSLA Tesla Inc. Add +0.7% 0.56% +0.09
T AT&T Inc. Add +39.8% 0.27% +0.08
RSP Invesco S&P 500 Equal Weight Add +5.6% 3.09% +0.08
BMY Bristol-Myers Squibb Co. New 0.08% +0.08
ABT Abbott Laboratories New 0.08% +0.08
JNJ Johnson & Johnson Add +39.4% 0.26% +0.07
GE General Electric New 0.07% +0.07
XOM Exxon Mobil Corp. Add +15.3% 1.61% +0.07
GSK GSK PLC-Spon ADR New 0.07% +0.07
DIS The Walt Disney Co. New 0.07% +0.07
WMB Williams Cos Inc. New 0.07% +0.07
BIL SS SPDR BB 1-3M T-Bill ETF Add +82.9% 0.17% +0.07
INTC Intel Corp. New 0.06% +0.06
PHM Pultegroup Inc. New 0.06% +0.06
MDIV FT Multi-Asset Divers Inc. New 0.06% +0.06
ACN Accenture PLC Class A New 0.06% +0.06
V Visa Inc. Class A Add +16.1% 0.80% +0.06
CAT Caterpillar Inc. New 0.06% +0.06
WEC WEC Energy Group Inc. New 0.06% +0.06
ANET Arista Networks Inc. New 0.06% +0.06
INFL Horizon Kinetics Infl Benef New 0.06% +0.06
DTE DTE Energy Company New 0.06% +0.06
WSM Williams-Sonoma Inc. New 0.06% +0.06
LMT Lockheed Martin Corp. New 0.06% +0.06
UNH Unitedhealth Group Inc. Add +5.0% 0.80% +0.06
LLY Eli Lilly & Co. New 0.05% +0.05
OSCV Opus Small Cap Value ETF Add +4.5% 5.01% +0.05
AMT American Tower Corp. Add +1.2% 0.75% +0.05
SPEM State Street SP PTF Em ETF Add +4.4% 2.40% +0.04
HD Home Depot Inc. Add +2.1% 0.51% +0.03
ROP Roper Technologies Inc. Add +18.6% 0.76% +0.03
AAPL Apple Inc. Add +3.4% 1.59% +0.03
BRK.B Berkshire Hathaway Inc. Class B Add +10.2% 0.29% +0.03
KO The Coca-Cola Co. Add +14.7% 0.18% +0.02
BR Broadridge Financial Solutio Add +6.1% 0.75% +0.02
CMCSA Comcast Corp. Class A Add +37.0% 0.09% +0.02
ORCL Oracle Corp. Add +1.5% 0.18% +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