Second Line Capital, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Second Line Capital, LLC reported 185 stock positions worth $528.0 million. Its top holding was Aptus Collared Invest Opp (ACIO) at 10.9% of the portfolio, followed by Aptus Defined Risk ETF (DRSK, 7.9%) and Aptus Intl Enhan YLD ETF (IDUB, 7.0%). Compared with Q4 2025, it opened 29 new positions, sold out of 10, added to 97 and reduced 53. The biggest buy was Aptus LRG Cap Enh YLD ETF (DUBS, shares +58%) and the biggest sale First Trust Enh Short Mat FD (FTSM, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- METAIRIE, LA
- CIK
- 0001992879
- Portfolio Value
- $528.0M (Q1 2026)
- SEC Filing
- 0001992879-26-000009 ↗ filed May 15, 2026
Holdings Value
Holdings 185 stocks · $528.0M
| ACIO Aptus Collared Invest Opp | 10.85% | 1,266,731 | $57.3M | Add +1.3% |
| DRSK Aptus Defined Risk ETF | 7.90% | 1,462,265 | $41.7M | Add +9.2% |
| IDUB Aptus Intl Enhan YLD ETF | 7.04% | 1,389,518 | $37.2M | Add +2.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 5.46% | 40,114 | $28.8M | Add +23.0% |
| SPDW Ste STR SPDR PT DW Eu ETF | 5.42% | 584,407 | $28.6M | Reduce -1.3% |
| OSCV Opus Small Cap Value ETF | 4.64% | 592,935 | $24.5M | Add +2.0% |
| ADME Aptus Drwdwn MGD Eqty ETF | 4.47% | 437,300 | $23.6M | Reduce -0.2% |
| DUBS Aptus LRG Cap Enh YLD ETF | 3.77% | 497,908 | $19.9M | Add +57.8% |
| JUCY Aptus Enhanced Yield ETF | 3.77% | 899,234 | $19.9M | Add +9.0% |
| SPEM State Street SP PTF Em ETF | 2.37% | 244,079 | $12.5M | Add +2.4% |
| NVDA Nvidia Corp. | 1.83% | 48,385 | $9.7M | Add +2.1% |
| APP AppLovin Corp. Class A | 1.82% | 21,585 | $9.6M | Add +1.7% |
| MSFT Microsoft Corp. | 1.48% | 19,193 | $7.8M | Add +4.4% |
| AAPL Apple Inc. | 1.42% | 27,725 | $7.5M | Reduce -1.5% |
| CRWV Coreweave Inc. Class A | 1.40% | 66,244 | $7.4M | Add +1.2% |
| JPM JPMorgan Chase & Co. | 1.28% | 21,627 | $6.8M | Reduce -4.5% |
| AMZN Amazon.com Inc. | 1.24% | 24,773 | $6.6M | Reduce -4.1% |
| XOM Exxon Mobil Corp. | 1.21% | 41,264 | $6.4M | Reduce -4.2% |
| PWR Quanta Services Inc. | 1.19% | 8,625 | $6.3M | Reduce -9.1% |
| WMT Walmart Inc. | 1.08% | 43,387 | $5.7M | Reduce -2.1% |
| USFR Wisdomtree Floating Rate Tre | 1.04% | 109,126 | $5.5M | Add +12.3% |
| CRDO Credo Technology Group Holdi | 0.98% | 29,617 | $5.2M | New |
| FANG Diamondback Energy Inc. | 0.94% | 24,149 | $5.0M | Reduce -6.0% |
| OCUL Ocular Therapeutix Inc. | 0.94% | 528,290 | $5.0M | Add +5.5% |
| META Meta Platforms Inc. Class A | 0.88% | 7,616 | $4.7M | Add +0.3% |
| CVX Chevron Corp. | 0.86% | 23,613 | $4.6M | Add +1.4% |
| BKAG BNY Mellon Core Bond ETF | 0.83% | 104,032 | $4.4M | Add +9.4% |
| GLXY Galaxy Digital Inc. Class A | 0.81% | 156,098 | $4.3M | New |
| TSLA Tesla Inc. | 0.80% | 11,073 | $4.2M | Add +1.8% |
| RSP Invesco S&P 500 Equal Weight | 0.74% | 19,112 | $3.9M | Reduce -74.8% |
| V Visa Inc. Class A | 0.68% | 10,896 | $3.6M | Reduce -3.6% |
| MARA Mara Holdings Inc. | 0.60% | 263,802 | $3.2M | Add +6.0% |
| CHE Chemed Corp. | 0.58% | 7,161 | $3.0M | Reduce -1.3% |
| APLD Applied Digital Corp. | 0.56% | 86,703 | $3.0M | New |
| AMT American Tower Corp. | 0.56% | 16,050 | $2.9M | Reduce -2.0% |
| APH Amphenol Corp. Class A | 0.54% | 19,455 | $2.9M | Add +6.6% |
| HD Home Depot Inc. | 0.54% | 8,703 | $2.9M | Reduce -5.7% |
| PGR Progressive Corp. | 0.53% | 13,950 | $2.8M | Reduce -2.0% |
| QQQM Invesco Nasdaq 100 ETF | 0.49% | 9,335 | $2.6M | New |
| UPSD Aptus Large Cap Upside ETF | 0.48% | 93,551 | $2.5M | Add +27.7% |
| CPRT Copart Inc. | 0.45% | 72,519 | $2.4M | Add +1.0% |
| BR Broadridge Financial Solutio | 0.43% | 14,806 | $2.3M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.43% | 22,031 | $2.3M | Add +8.7% |
| VOO Vanguard S&P 500 ETF | 0.42% | 3,384 | $2.2M | Reduce -18.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.42% | 43,508 | $2.2M | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 0.40% | 29,228 | $2.1M | Reduce -4.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 4,469 | $2.1M | Add +1.7% |
| IJR iShares Core S&P Small-Cap E | 0.40% | 15,213 | $2.1M | Reduce -11.5% |
| GOOGL Alphabet Inc. Class A | 0.37% | 5,053 | $1.9M | Add +11.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.33% | 2,614 | $1.7M | Add +3.8% |
| IVV iShares Core S&P 500 ETF | 0.32% | 2,373 | $1.7M | Add +2.9% |
| NOW ServiceNow Inc. | 0.32% | 19,049 | $1.7M | Add +11.5% |
| JAAA Janus Henderson Aaa Clo ETF | 0.27% | 28,138 | $1.4M | New |
| FCX Freeport-McMoran Inc. | 0.27% | 24,466 | $1.4M | New |
| DEFR Aptus Deferred Income ETF | 0.27% | 52,556 | $1.4M | Add +32.3% |
| FTSM First Trust Enh Short Mat FD | 0.24% | 20,800 | $1.2M | Reduce -91.1% |
| AMD Advanced Micro Devices | 0.23% | 3,486 | $1.2M | Add +51.5% |
| AVGO Broadcom Inc. | 0.23% | 2,927 | $1.2M | Add +14.8% |
| PG The Procter & Gamble Co. | 0.21% | 7,584 | $1.1M | Add +17.0% |
| SO The Southern Co. | 0.21% | 11,453 | $1.1M | Add +7.1% |
| CHDN Churchill Downs Inc. | 0.20% | 10,200 | $1.0M | New |
| INTC Intel Corp. | 0.19% | 10,876 | $1.0M | Add +79.9% |
| BP BP PLC-Spons ADR | 0.19% | 21,427 | $1.0M | Add +81.3% |
| AZO AutoZone Inc. | 0.19% | 269 | $996K | Add +75.8% |
| JPST JPMorgan Ultra-Short Income | 0.19% | 19,427 | $983K | Add +54.4% |
| JNJ Johnson & Johnson | 0.18% | 4,217 | $969K | Reduce -0.8% |
| ORCL Oracle Corp. | 0.18% | 5,889 | $950K | Add +31.7% |
| CAT Caterpillar Inc. | 0.17% | 1,038 | $924K | Add +10.5% |
| CSCO Cisco Systems Inc. | 0.17% | 10,009 | $916K | Add +166.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.17% | 14,174 | $904K | Reduce -4.3% |
| COP Conocophillips | 0.15% | 6,425 | $808K | Add +9.8% |
| T AT&T Inc. | 0.14% | 29,206 | $763K | Reduce -7.3% |
| VXUS Vanguard Total Intl Stock | 0.13% | 8,525 | $708K | Add +0.3% |
| VIG Vanguard Dividend Apprec ETF | 0.13% | 2,908 | $665K | Add +0.4% |
| KO The Coca-Cola Co. | 0.12% | 8,259 | $651K | Reduce -14.2% |
| MRK Merck & Co. Inc. | 0.12% | 5,874 | $641K | Add +4.0% |
| PSX Phillips 66 | 0.12% | 3,438 | $616K | Add +7.0% |
| ET Energy Transfer LP | 0.12% | 30,222 | $610K | Reduce -2.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 2,635 | $609K | Add +66.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 11,276 | $603K | Reduce -5.3% |
| LOW Lowe's Cos Inc. | 0.11% | 2,506 | $598K | Reduce -47.3% |
| GLD SPDR Gold Shares | 0.11% | 1,390 | $589K | Add +1.0% |
| MO Altria Group Inc. | 0.10% | 7,520 | $546K | Reduce -0.4% |
| KMI Kinder Morgan Inc. | 0.10% | 16,574 | $545K | Add +0.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.10% | 9,989 | $533K | Reduce -2.0% |
| VRTX Vertex Pharmaceuticals Inc. | 0.10% | 1,189 | $508K | Add +3.9% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.10% | 1,133 | $505K | Reduce -2.5% |
| FPX First Trust US Equity Opport | 0.09% | 2,749 | $499K | New |
| PDT John Hancock Prem DVD FND | 0.09% | 37,165 | $492K | Reduce -9.6% |
| VGT Vanguard Info Tech ETF | 0.09% | 4,648 | $480K | Add +687.8% |
| LIN Linde PLC | 0.09% | 928 | $465K | Add +22.3% |
| VZ Verizon Communications Inc. | 0.09% | 9,679 | $465K | Add +12.3% |
| SCHD Schwab US DVD Equity ETF | 0.09% | 13,997 | $449K | Add +1.4% |
| RTX RTX Corp. | 0.09% | 2,547 | $449K | Reduce -3.8% |
| LLY Eli Lilly & Co. | 0.08% | 478 | $447K | No change |
| AIRR First Trust Rba American Ind | 0.08% | 3,516 | $446K | No change |
| C Citigroup Inc. | 0.08% | 3,464 | $443K | Add +1.1% |
| TT Trane Technologies PLC | 0.08% | 897 | $442K | Add +5.7% |
| ALL Allstate Corp. | 0.08% | 1,940 | $421K | Add +59.3% |
| UNH Unitedhealth Group Inc. | 0.08% | 1,103 | $409K | Add +10.7% |
Portfolio Sells Q4 2025 → Q1 2026
| FTSM First Trust Enh Short Mat FD | Reduce -91.1% | 0.24% | −2.64 |
| RSP Invesco S&P 500 Equal Weight | Reduce -74.8% | 0.74% | −2.25 |
| BR Broadridge Financial Solutio | Reduce -1.1% | 0.43% | −0.26 |
| JPM JPMorgan Chase & Co. | Reduce -4.5% | 1.28% | −0.22 |
| ADME Aptus Drwdwn MGD Eqty ETF | Reduce -0.2% | 4.47% | −0.15 |
| AAPL Apple Inc. | Reduce -1.5% | 1.42% | −0.15 |
| PGR Progressive Corp. | Reduce -2.0% | 0.53% | −0.13 |
| V Visa Inc. Class A | Reduce -3.6% | 0.68% | −0.13 |
| FUBO Fubotv Inc. Class A | Reduce -0.8% | 0.08% | −0.13 |
| VUG Vanguard Mrngstar GR ETF-Sui | Sold out | 0.00% | −0.13 |
| LOW Lowe's Cos Inc. | Reduce -47.3% | 0.11% | −0.12 |
| HD Home Depot Inc. | Reduce -5.7% | 0.54% | −0.11 |
| VOO Vanguard S&P 500 ETF | Reduce -18.0% | 0.42% | −0.11 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -62.2% | 0.04% | −0.08 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.08 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.07 |
| CHE Chemed Corp. | Reduce -1.3% | 0.58% | −0.06 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.05 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.05 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.04 |
| AMT American Tower Corp. | Reduce -2.0% | 0.56% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -11.5% | 0.40% | −0.03 |
| NAD Nuveen Quality Municipal Inc. | Sold out | 0.00% | −0.03 |
| ROP Roper Technologies Inc. | Reduce -6.9% | 0.05% | −0.02 |
| BAC Bank of America Corp. | Reduce -5.3% | 0.11% | −0.02 |
| ABBV Abbvie Inc. | Reduce -12.1% | 0.05% | −0.02 |
| XLV SS Health Care Select Sector | Reduce -17.0% | 0.04% | −0.02 |
| LAC Lithium Americas Corp. | Sold out | 0.00% | −0.02 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -2.5% | 0.10% | −0.02 |
| T AT&T Inc. | Reduce -7.3% | 0.14% | −0.02 |
| KO The Coca-Cola Co. | Reduce -14.2% | 0.12% | −0.01 |
| RTX RTX Corp. | Reduce -3.8% | 0.09% | −0.01 |
| PDT John Hancock Prem DVD FND | Reduce -9.6% | 0.09% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -4.8% | 0.40% | −0.01 |
| XLF SS Financial Select Sector | Reduce -2.3% | 0.06% | −0.01 |
| LGLV SPDR US LC Low Vol Idx | Reduce -6.0% | 0.06% | −0.01 |
| PANW Palo Alto Networks Inc. | Reduce -4.4% | 0.04% | −0.01 |
| IYR iShares US Real Estate ETF | Reduce -9.0% | 0.06% | −0.01 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -2.6% | 0.05% | −0.01 |
| PSA Public Storage | Reduce -14.6% | 0.06% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -4.3% | 0.17% | −0.00 |
| FSCO FS Credit Opportunities Corp. | Reduce -9.2% | 0.01% | −0.00 |
| AB Alliancebernstein Holding LP | Reduce -1.8% | 0.06% | −0.00 |
| MUB iShares National Muni Bond E | Reduce -0.2% | 0.05% | −0.00 |
| XAR SS SPDR S&P Aerospace Def | Reduce -6.7% | 0.05% | −0.00 |
| WM Waste Management Inc. | Reduce -4.6% | 0.04% | −0.00 |
| XLK SS Technology Select Sector | Reduce -3.5% | 0.07% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Reduce -0.9% | 0.05% | 0.00 |
Portfolio Buys Q4 2025 → Q1 2026
| DUBS Aptus LRG Cap Enh YLD ETF | Add +57.8% | 3.77% | +1.33 |
| CRDO Credo Technology Group Holdi | New | 0.98% | +0.98 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +23.0% | 5.46% | +0.88 |
| GLXY Galaxy Digital Inc. Class A | New | 0.81% | +0.81 |
| APLD Applied Digital Corp. | New | 0.56% | +0.56 |
| QQQM Invesco Nasdaq 100 ETF | New | 0.49% | +0.49 |
| CRWV Coreweave Inc. Class A | Add +1.2% | 1.40% | +0.44 |
| JAAA Janus Henderson Aaa Clo ETF | New | 0.27% | +0.27 |
| FCX Freeport-McMoran Inc. | New | 0.27% | +0.27 |
| IDUB Aptus Intl Enhan YLD ETF | Add +2.4% | 7.04% | +0.25 |
| OSCV Opus Small Cap Value ETF | Add +2.0% | 4.64% | +0.22 |
| CHDN Churchill Downs Inc. | New | 0.20% | +0.20 |
| INTC Intel Corp. | Add +79.9% | 0.19% | +0.15 |
| MARA Mara Holdings Inc. | Add +6.0% | 0.60% | +0.14 |
| CVX Chevron Corp. | Add +1.4% | 0.86% | +0.14 |
| AMD Advanced Micro Devices | Add +51.5% | 0.23% | +0.13 |
| CSCO Cisco Systems Inc. | Add +166.6% | 0.17% | +0.11 |
| BP BP PLC-Spons ADR | Add +81.3% | 0.19% | +0.11 |
| FPX First Trust US Equity Opport | New | 0.09% | +0.09 |
| AZO AutoZone Inc. | Add +75.8% | 0.19% | +0.08 |
| GOOGL Alphabet Inc. Class A | Add +11.6% | 0.37% | +0.08 |
| UPSD Aptus Large Cap Upside ETF | Add +27.7% | 0.48% | +0.08 |
| SPEM State Street SP PTF Em ETF | Add +2.4% | 2.37% | +0.08 |
| DRSK Aptus Defined Risk ETF | Add +9.2% | 7.90% | +0.07 |
| CAT Caterpillar Inc. | Add +10.5% | 0.17% | +0.06 |
| VONG Vanguard Russell 1000 Growth | New | 0.06% | +0.06 |
| LNG Cheniere Energy Inc. | New | 0.06% | +0.06 |
| VONV Vanguard Russell 1000 Value | New | 0.06% | +0.06 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | New | 0.06% | +0.06 |
| JPST JPMorgan Ultra-Short Income | Add +54.4% | 0.19% | +0.06 |
| MPC Marathon Petroleum Corp. | New | 0.05% | +0.05 |
| MS Morgan Stanley | New | 0.05% | +0.05 |
| SCHW Schwab (charles) Corp. | New | 0.05% | +0.05 |
| AVGO Broadcom Inc. | Add +14.8% | 0.23% | +0.05 |
| DEFR Aptus Deferred Income ETF | Add +32.3% | 0.27% | +0.05 |
| USAR USA Rare Earth Inc. | New | 0.04% | +0.04 |
| CTAS Cintas Corp. | New | 0.04% | +0.04 |
| ETN Eaton Corp. PLC | New | 0.04% | +0.04 |
| MP MP Materials Corp. | New | 0.04% | +0.04 |
| SHEL Shell PLC-ADR | New | 0.04% | +0.04 |
| URI United Rentals Inc. | New | 0.04% | +0.04 |
| COP Conocophillips | Add +9.8% | 0.15% | +0.04 |
| SILA Sila Realty Trust Inc. | New | 0.04% | +0.04 |
| SPIB SS SPDR P Int C Corp. ETF | New | 0.04% | +0.04 |
| IRM Iron Mountain Inc. | New | 0.04% | +0.04 |
| XLE SS Energy Select Sector | New | 0.04% | +0.04 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.04% | +0.04 |
| USIG iShares Broad Usd Investment | New | 0.04% | +0.04 |
| INFL Horizon Kinetics Infl Benef | New | 0.04% | +0.04 |
| USFR Wisdomtree Floating Rate Tre | Add +12.3% | 1.04% | +0.04 |
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 |