Second Line Capital, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Second Line Capital, LLC reported 131 stock positions worth $370.9 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 12.2% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 8.8%) and Aptus Intl Enhan YLD ETF (IDUB, 6.3%). Compared with Q3 2024, it opened 12 new positions, sold out of 17, added to 56 and reduced 51. The biggest buy was Nvidia (NVDA, shares +65%) and the biggest sale an exit from On Semiconductor (ON).
- Most Recent 13F
- Q2 2026
- Location
- METAIRIE, LA
- CIK
- 0001992879
- Portfolio Value
- $370.9M (Q4 2024)
- SEC Filing
- 0001992879-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 131 stocks · $370.9M
| ACIO Aptus Collared Invest Opp | 12.23% | 1,127,155 | $45.4M | Add +2.0% |
| DRSK Aptus Defined Risk ETF | 8.76% | 1,185,099 | $32.5M | Add +3.7% |
| IDUB Aptus Intl Enhan YLD ETF | 6.28% | 1,159,392 | $23.3M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.11% | 32,221 | $18.9M | Add +0.6% |
| ADME Aptus Drwdwn MGD Eqty ETF | 5.02% | 398,797 | $18.6M | Add +2.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.01% | 544,950 | $18.6M | Add +3.5% |
| OSCV Opus Small Cap Value ETF | 4.97% | 498,670 | $18.4M | Add +1.7% |
| JUCY Aptus Enhanced Yield ETF | 4.54% | 739,929 | $16.8M | Add +3.8% |
| RSP Invesco S&P 500 Equal Weight | 3.08% | 65,245 | $11.4M | Add +3.0% |
| DUBS Aptus LRG Cap Enh YLD ETF | 2.71% | 311,034 | $10.0M | Add +2.5% |
| APP AppLovin Corp. Class A | 2.34% | 26,844 | $8.7M | Reduce -19.4% |
| SPEM State Street SP PTF Em ETF | 2.24% | 216,101 | $8.3M | Add +1.5% |
| MSFT Microsoft Corp. | 1.76% | 15,512 | $6.5M | Add +2.9% |
| AAPL Apple Inc. | 1.66% | 24,605 | $6.2M | Reduce -1.6% |
| META Meta Platforms Inc. Class A | 1.65% | 10,440 | $6.1M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 1.40% | 21,642 | $5.2M | Add +0.2% |
| XOM Exxon Mobil Corp. | 1.28% | 44,163 | $4.8M | Reduce -12.5% |
| AMZN Amazon.com Inc. | 1.25% | 21,130 | $4.6M | Add +3.0% |
| NVDA Nvidia Corp. | 1.15% | 31,792 | $4.3M | Add +65.0% |
| MARA Mara Holdings Inc. | 1.04% | 231,143 | $3.9M | Add +13.0% |
| BKAG BNY Mellon Core Bond ETF | 1.04% | 93,550 | $3.9M | Add +5.5% |
| WMT Walmart Inc. | 1.03% | 42,277 | $3.8M | Reduce -9.0% |
| CVX Chevron Corp. | 0.99% | 25,420 | $3.7M | Reduce -15.3% |
| HD Home Depot Inc. | 0.93% | 8,876 | $3.5M | Add +91.6% |
| V Visa Inc. Class A | 0.89% | 10,432 | $3.3M | Reduce -2.3% |
| TSLA Tesla Inc. | 0.86% | 7,888 | $3.2M | Reduce -0.4% |
| CPRT Copart Inc. | 0.81% | 52,524 | $3.0M | Reduce -0.2% |
| BR Broadridge Financial Solutio | 0.81% | 13,227 | $3.0M | Add +4.4% |
| PGR Progressive Corp. | 0.81% | 12,493 | $3.0M | Add +3.0% |
| UNH Unitedhealth Group Inc. | 0.80% | 5,849 | $3.0M | Add +16.1% |
| PWR Quanta Services Inc. | 0.79% | 9,317 | $2.9M | Reduce -4.3% |
| OCUL Ocular Therapeutix Inc. | 0.78% | 340,098 | $2.9M | Add +29.4% |
| CHE Chemed Corp. | 0.76% | 5,353 | $2.8M | Add +16.4% |
| ROP Roper Technologies Inc. | 0.76% | 5,442 | $2.8M | Add +8.0% |
| FANG Diamondback Energy Inc. | 0.76% | 17,161 | $2.8M | Add +25.6% |
| AMT American Tower Corp. | 0.73% | 14,542 | $2.7M | Add +22.7% |
| AMD Advanced Micro Devices | 0.70% | 21,357 | $2.6M | Add +19.7% |
| VOO Vanguard S&P 500 ETF | 0.61% | 4,168 | $2.2M | Reduce -2.1% |
| GCT Gigacloud Technology Inc. Class A | 0.60% | 120,332 | $2.2M | Add +17.4% |
| AVGO Broadcom Inc. | 0.58% | 9,313 | $2.2M | Reduce -52.2% |
| VKTX Viking Therapeutics Inc. | 0.54% | 49,511 | $2.0M | Add +29.9% |
| NTLA Intellia Therapeutics Inc. | 0.41% | 131,122 | $1.5M | New |
| ARCC Ares Capital Corp. | 0.41% | 69,126 | $1.5M | Add +27.7% |
| XSCDX LMP Capital and Income Fund | 0.35% | 75,600 | $1.3M | Add +1.6% |
| LOW Lowe's Cos Inc. | 0.32% | 4,793 | $1.2M | Add +0.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.27% | 2,213 | $1.0M | Reduce -3.3% |
| SO The Southern Co. | 0.27% | 11,973 | $986K | Add +12.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.26% | 1,865 | $954K | Reduce -0.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.26% | 17,407 | $952K | Reduce -8.4% |
| T AT&T Inc. | 0.24% | 38,799 | $883K | Reduce -13.6% |
| GOOGL Alphabet Inc. Class A | 0.23% | 4,600 | $871K | Reduce -11.6% |
| JNJ Johnson & Johnson | 0.21% | 5,336 | $772K | Reduce -10.4% |
| FUBO Fubotv Inc. | 0.18% | 536,413 | $676K | No change |
| PDT John Hancock Prem DVD FND | 0.17% | 49,618 | $632K | Add +6.5% |
| ORCL Oracle Corp. | 0.17% | 3,785 | $631K | Reduce -0.8% |
| VIG Vanguard Dividend Apprec ETF | 0.15% | 2,802 | $549K | New |
| KO The Coca-Cola Co. | 0.14% | 8,530 | $531K | Reduce -4.8% |
| MRK Merck & Co. Inc. | 0.14% | 5,066 | $508K | Reduce -5.1% |
| VXUS Vanguard Total Intl Stock | 0.14% | 8,604 | $507K | New |
| ET Energy Transfer LP | 0.14% | 25,728 | $504K | Add +9.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.13% | 11,119 | $499K | Reduce -4.8% |
| COP Conocophillips | 0.13% | 4,990 | $495K | Add +2.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.13% | 5,389 | $493K | Reduce -20.4% |
| PG The Procter & Gamble Co. | 0.13% | 2,891 | $485K | Reduce -12.3% |
| AZO AutoZone Inc. | 0.13% | 150 | $480K | No change |
| FSK FS KKR Capital Corp. | 0.12% | 21,173 | $460K | Reduce -3.3% |
| GLD SPDR Gold Shares | 0.12% | 1,805 | $437K | Reduce -16.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,043 | $428K | Reduce -0.9% |
| KMI Kinder Morgan Inc. | 0.11% | 15,485 | $424K | Add +39.2% |
| XLV SS Health Care Select Sector | 0.11% | 3,074 | $423K | Reduce -8.7% |
| LGLV SPDR US LC Low Vol Idx | 0.11% | 2,502 | $413K | Reduce -11.1% |
| BP BP PLC-Spons ADR | 0.11% | 13,413 | $396K | Reduce -4.9% |
| PSX Phillips 66 | 0.11% | 3,434 | $391K | Add +11.1% |
| VGT Vanguard Info Tech ETF | 0.10% | 590 | $367K | Reduce -4.1% |
| AR Antero Resources Corp. | 0.10% | 10,375 | $364K | No change |
| VZ Verizon Communications Inc. | 0.09% | 8,701 | $348K | Reduce -2.8% |
| ADBE Adobe Inc. | 0.09% | 768 | $342K | Add +3.5% |
| BX Blackstone Inc. | 0.09% | 1,959 | $338K | Reduce -17.6% |
| PSA Public Storage | 0.09% | 1,124 | $337K | No change |
| XLK SS Technology Select Sector | 0.09% | 1,428 | $332K | Reduce -1.8% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.09% | 3,653 | $330K | Reduce -12.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.09% | 1,138 | $330K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.09% | 950 | $325K | Reduce -2.3% |
| WEC WEC Energy Group Inc. | 0.09% | 3,396 | $319K | Add +54.9% |
| AB Alliancebernstein Holding LP | 0.09% | 8,501 | $315K | Add +7.5% |
| MDIV FT Multi-Asset Divers Inc. | 0.08% | 19,305 | $312K | Add +38.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.08% | 1,406 | $309K | No change |
| XLF SS Financial Select Sector | 0.08% | 6,372 | $308K | Add +1.0% |
| AIRR First Trust Rba American Ind | 0.08% | 3,976 | $306K | New |
| CL Colgate-Palmolive Co. | 0.08% | 3,352 | $305K | No change |
| POOL Pool Corp. | 0.08% | 888 | $303K | Add +4.1% |
| ISRG Intuitive Surgical Inc. | 0.08% | 578 | $302K | Add +3.4% |
| ROK Rockwell Automation Inc. | 0.08% | 995 | $284K | Add +3.3% |
| MO Altria Group Inc. | 0.08% | 5,254 | $280K | Add +5.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.07% | 3,611 | $273K | Reduce -21.6% |
| IGRO iShares Intl Div Growth ETF | 0.07% | 3,925 | $267K | No change |
| HON Honeywell International Inc. | 0.07% | 1,152 | $260K | Add +3.1% |
| IDEV iShares Core MSCI Dev MKTS | 0.07% | 3,989 | $257K | Add +1.6% |
| PEP Pepsico Inc. | 0.07% | 1,670 | $254K | Reduce -27.8% |
| MCD McDonald's Corp. | 0.07% | 869 | $252K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| ON On Semiconductor | Sold out | 0.00% | −0.64 |
| SOFI Sofi Technologies Inc. | Sold out | 0.00% | −0.52 |
| NXH Neighborhood Intelligence Inc. | Sold out | 0.00% | −0.41 |
| AVGO Broadcom Inc. | Reduce -52.2% | 0.58% | −0.33 |
| XOM Exxon Mobil Corp. | Reduce -12.5% | 1.28% | −0.33 |
| SKX Skechers USA Inc. Class A | Sold out | 0.00% | −0.29 |
| CVX Chevron Corp. | Reduce -15.3% | 0.99% | −0.21 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.09 |
| PII Polaris Inc. | Sold out | 0.00% | −0.07 |
| GE General Electric | Sold out | 0.00% | −0.07 |
| GSK GSK PLC-Spon ADR | Sold out | 0.00% | −0.07 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.07 |
| INTC Intel Corp. | Sold out | 0.00% | −0.06 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.06 |
| XLRE SS Real Estate Select Sector | Sold out | 0.00% | −0.06 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.06 |
| SPAB SS SPDR P Agg Bond ETF | Sold out | 0.00% | −0.06 |
| DTE DTE Energy Company | Sold out | 0.00% | −0.06 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.06 |
| JNJ Johnson & Johnson | Reduce -10.4% | 0.21% | −0.05 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.05 |
| HWC Hancock Whitney Corp. | Reduce -47.9% | 0.06% | −0.05 |
| ABBV Abbvie Inc. | Reduce -39.4% | 0.06% | −0.05 |
| PEP Pepsico Inc. | Reduce -27.8% | 0.07% | −0.04 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -20.4% | 0.13% | −0.04 |
| KO The Coca-Cola Co. | Reduce -4.8% | 0.14% | −0.03 |
| MSI Motorola Solutions Inc. | Reduce -35.1% | 0.06% | −0.03 |
| T AT&T Inc. | Reduce -13.6% | 0.24% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -5.1% | 0.14% | −0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -21.6% | 0.07% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -8.7% | 0.11% | −0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -8.4% | 0.26% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -12.3% | 0.13% | −0.03 |
| GLD SPDR Gold Shares | Reduce -16.1% | 0.12% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -20.5% | 0.07% | −0.02 |
| BMY Bristol-Myers Squibb Co. | Reduce -35.5% | 0.05% | −0.02 |
| ABT Abbott Laboratories | Reduce -25.8% | 0.06% | −0.02 |
| LGLV SPDR US LC Low Vol Idx | Reduce -11.1% | 0.11% | −0.02 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -12.9% | 0.09% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -3.3% | 0.27% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -2.8% | 0.09% | −0.02 |
| BP BP PLC-Spons ADR | Reduce -4.9% | 0.11% | −0.01 |
| JPC Nuveen Prefered & Income Opp | Reduce -29.3% | 0.03% | −0.01 |
| XAGDX Abrdn GLBL DYNM Divid | Reduce -15.9% | 0.04% | −0.01 |
| F Ford Motor Co. | Reduce -18.1% | 0.03% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -4.8% | 0.13% | −0.01 |
| VOO Vanguard S&P 500 ETF | Reduce -2.1% | 0.61% | −0.01 |
| BX Blackstone Inc. | Reduce -17.6% | 0.09% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.8% | 0.17% | −0.01 |
| XAR SS SPDR S&P Aerospace Def | Reduce -7.6% | 0.06% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| NVDA Nvidia Corp. | Add +65.0% | 1.15% | +0.51 |
| HD Home Depot Inc. | Add +91.6% | 0.93% | +0.42 |
| NTLA Intellia Therapeutics Inc. | New | 0.41% | +0.41 |
| ACIO Aptus Collared Invest Opp | Add +2.0% | 12.23% | +0.27 |
| AMZN Amazon.com Inc. | Add +3.0% | 1.25% | +0.21 |
| OCUL Ocular Therapeutix Inc. | Add +29.4% | 0.78% | +0.16 |
| JPM JPMorgan Chase & Co. | Add +0.2% | 1.40% | +0.16 |
| VIG Vanguard Dividend Apprec ETF | New | 0.15% | +0.15 |
| MARA Mara Holdings Inc. | Add +13.0% | 1.04% | +0.14 |
| VXUS Vanguard Total Intl Stock | New | 0.14% | +0.14 |
| FANG Diamondback Energy Inc. | Add +25.6% | 0.76% | +0.12 |
| ADME Aptus Drwdwn MGD Eqty ETF | Add +2.2% | 5.02% | +0.11 |
| ARCC Ares Capital Corp. | Add +27.7% | 0.41% | +0.10 |
| DUBS Aptus LRG Cap Enh YLD ETF | Add +2.5% | 2.71% | +0.09 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.09% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 5.11% | +0.08 |
| AIRR First Trust Rba American Ind | New | 0.08% | +0.08 |
| BR Broadridge Financial Solutio | Add +4.4% | 0.81% | +0.06 |
| CSCO Cisco Systems Inc. | New | 0.06% | +0.06 |
| BKNG Booking Holdings Inc. | New | 0.06% | +0.06 |
| JPST JPMorgan Ultra-Short Income | New | 0.06% | +0.06 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.06% | +0.06 |
| SCHD Schwab US DVD Equity ETF | New | 0.06% | +0.06 |
| FISV Fiserv Inc. | New | 0.06% | +0.06 |
| C Citigroup Inc. | New | 0.05% | +0.05 |
| META Meta Platforms Inc. Class A | Add +2.1% | 1.65% | +0.05 |
| KMI Kinder Morgan Inc. | Add +39.2% | 0.11% | +0.05 |
| JUCY Aptus Enhanced Yield ETF | Add +3.8% | 4.54% | +0.03 |
| ET Energy Transfer LP | Add +9.4% | 0.14% | +0.03 |
| WEC WEC Energy Group Inc. | Add +54.9% | 0.09% | +0.03 |
| MDIV FT Multi-Asset Divers Inc. | Add +38.3% | 0.08% | +0.02 |
| CHE Chemed Corp. | Add +16.4% | 0.76% | +0.01 |
| AB Alliancebernstein Holding LP | Add +7.5% | 0.09% | +0.01 |
| HON Honeywell International Inc. | Add +3.1% | 0.07% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +3.4% | 0.08% | +0.01 |
| ROK Rockwell Automation Inc. | Add +3.3% | 0.08% | +0.01 |
| XLF SS Financial Select Sector | Add +1.0% | 0.08% | +0.01 |
| MO Altria Group Inc. | Add +5.5% | 0.08% | +0.00 |
| SO The Southern Co. | Add +12.7% | 0.27% | +0.00 |
| PDT John Hancock Prem DVD FND | Add +6.5% | 0.17% | +0.00 |
| ACN Accenture PLC Class A | Add +5.5% | 0.07% | +0.00 |
| BKAG BNY Mellon Core Bond ETF | Add +5.5% | 1.04% | +0.00 |
| VYM Vanguard High DVD Yield ETF | Add +0.6% | 0.06% | −0.00 |
| ROP Roper Technologies Inc. | Add +8.0% | 0.76% | −0.00 |
| RA Brookfield Real Assets Incom | Add +0.6% | 0.06% | −0.00 |
| WM Waste Management Inc. | Add +0.1% | 0.06% | −0.00 |
| UNH Unitedhealth Group Inc. | Add +16.1% | 0.80% | −0.00 |
| LIN Linde PLC | Add +7.0% | 0.07% | −0.01 |
| PSX Phillips 66 | Add +11.1% | 0.11% | −0.01 |
| MSFT Microsoft Corp. | Add +2.9% | 1.76% | −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 |