Second Line Capital, LLC

Name: Second Line Capital, LLC 13F holdings, Q4 2024
Creator: Second Line Capital, LLC
Published: 2025-02-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024

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
LIN Linde PLC	0.07%	583	$244K	Add +7.0%
WMB Williams Cos Inc.	0.07%	4,485	$243K	Reduce -15.1%
SDY SS SPDR S&P Dividend ETF	0.07%	1,834	$242K	Reduce -20.5%
ACN Accenture PLC Class A	0.07%	689	$242K	Add +5.5%
VYM Vanguard High DVD Yield ETF	0.06%	1,882	$240K	Add +0.6%
HWC Hancock Whitney Corp.	0.06%	4,339	$237K	Reduce -47.9%
ANET Arista Networks Inc.	0.06%	2,136	$236K	Reduce -2.4%
CSCO Cisco Systems Inc.	0.06%	3,984	$236K	New
RA Brookfield Real Assets Incom	0.06%	17,515	$233K	Add +0.6%
AM Antero Midstream Corp.	0.06%	15,380	$232K	No change
XAR SS SPDR S&P Aerospace Def	0.06%	1,382	$229K	Reduce -7.6%
BKNG Booking Holdings Inc.	0.06%	46	$229K	New
JPST JPMorgan Ultra-Short Income	0.06%	4,509	$228K	New
NEE Nextera Energy Inc.	0.06%	3,176	$228K	Add +2.5%
MSI Motorola Solutions Inc.	0.06%	488	$226K	Reduce -35.1%
WSM Williams-Sonoma Inc.	0.06%	1,205	$223K	Reduce -7.9%
BNDX Vanguard Total Intl Bond ETF	0.06%	4,418	$217K	New
WM Waste Management Inc.	0.06%	1,055	$213K	Add +0.1%
SCHD Schwab US DVD Equity ETF	0.06%	7,769	$212K	New
FISV Fiserv Inc.	0.06%	1,030	$212K	New
INFL Horizon Kinetics Infl Benef	0.06%	5,530	$211K	No change
ABBV Abbvie Inc.	0.06%	1,162	$206K	Reduce -39.4%
ABT Abbott Laboratories	0.06%	1,812	$205K	Reduce -25.8%
C Citigroup Inc.	0.05%	2,849	$201K	New
BMY Bristol-Myers Squibb Co.	0.05%	3,539	$200K	Reduce -35.5%
XAGDX Abrdn GLBL DYNM Divid	0.04%	14,809	$147K	Reduce -15.9%
NAD Nuveen Quality Municipal Inc.	0.04%	11,648	$136K	No change
F Ford Motor Co. filed as FORD MTR CO	0.03%	12,511	$124K	Reduce -18.1%
JPC Nuveen Prefered & Income Opp	0.03%	11,948	$94K	Reduce -29.3%
GSAT Globalstar Inc.	0.01%	22,817	$47K	No change
AMARIN CORP PLC	0.00%	11,420	$6K	Reduce -2.6%

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