SWAN Capital LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), SWAN Capital LLC reported 491 stock positions worth $246.6 million. Its top holding was Vanguard Int High DVD YLD (VYMI) at 9.9% of the portfolio, followed by Vanguard Long-Term Corp. Bond (VCLT, 8.3%) and Vanguard Real Estate ETF (VNQ, 6.8%). Compared with Q2 2025, it opened 81 new positions, sold out of 67, added to 70 and reduced 113. The biggest buy was Vanguard Short-Term Tips (VTIP, shares +73%) and the biggest sale Vanguard Info Tech ETF (VGT, shares −31%).

Most Recent 13F
Q2 2026
Location
PENSACOLA, FL
CIK
0001952722
Portfolio Value
$246.6M (Q3 2025)
SEC Filing
0001952722-25-000002 ↗ filed Nov 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $175.9M Q1 2024 Q2 2024: $183.6M Q2 2024 Q3 2024: $203.2M Q3 2024 Q4 2024: $205.0M Q4 2024 Q1 2025: $216.5M Q1 2025 Q2 2025: $230.2M Q2 2025 Q3 2025: $246.6M $246.6M Q3 2025 Q4 2025: $257.1M Q4 2025 Q1 2026: $272.0M Q1 2026 Q2 2026: $292.2M Q2 2026

Holdings 491 stocks · $246.6M
VYMI Vanguard Int High DVD YLD Inc. 9.95% 289,776 $24.5M Add +3.0%
VCLT Vanguard Long-Term Corp. Bond 8.26% 262,264 $20.4M Add +6.9%
VNQ Vanguard Real Estate ETF 6.79% 183,162 $16.7M Add +17.9%
VGT Vanguard Info Tech ETF 5.63% 18,590 $13.9M Reduce -31.4%
VTIP Vanguard Short-Term Tips 4.67% 227,734 $11.5M Add +72.5%
VIG Vanguard Dividend Apprec ETF 4.63% 52,889 $11.4M Add +61.4%
PFF iShares Preferred & Income S 4.59% 357,859 $11.3M Add +68.5%
BRK.B Berkshire Hathaway Inc. Class B 4.47% 21,926 $11.0M Reduce -19.1%
VPU Vanguard Utilities ETF 4.31% 56,180 $10.6M Add +67.4%
VDE Vanguard Energy ETF 4.22% 82,624 $10.4M Add +66.3%
VYM Vanguard High DVD Yield ETF 4.21% 73,614 $10.4M Add +62.2%
VOT Vngrd Mrngstr MC GRW ETF-Usd 3.98% 33,444 $9.8M Reduce -25.9%
VONG Vanguard Russell 1000 Growth 3.97% 81,161 $9.8M Reduce -32.3%
VBK Van Morst SML-Cap Gro-Usd Inc. 3.92% 32,488 $9.7M Reduce -27.7%
VOE Vngrd Mrngstr MD-Cap Val ETF 3.42% 48,373 $8.4M Reduce -23.9%
VBR Vngrd Mrngst SL-CP Val ETF-U 3.38% 39,984 $8.3M Reduce -25.3%
VIGI Vanguard Int Div App Indx FD 3.25% 89,590 $8.0M Add +67.1%
VONV Vanguard Russell 1000 Value 2.71% 74,704 $6.7M Reduce -24.2%
VSS Vanguard Ftse All Wo X-US SC 2.25% 39,001 $5.6M Reduce -29.6%
VWOB Vanguard Emerg MKTS Gov BND 2.25% 82,834 $5.5M Add +61.0%
VCIT Vanguard Int-Term Corporate 1.83% 53,742 $4.5M Reduce -29.0%
AAPL Apple Inc. 1.30% 12,599 $3.2M Reduce -2.6%
SO The Southern Co. 0.71% 18,387 $1.7M Reduce -0.7%
NVDA Nvidia Corp. 0.30% 3,976 $742K Reduce -13.8%
MCD McDonald's Corp. 0.26% 2,117 $643K Reduce -4.4%
MSFT Microsoft Corp. 0.23% 1,097 $568K Add +2.0%
VTI VG Morningstar TS MKT ETF-US 0.22% 1,661 $545K Reduce -3.0%
VOO Vanguard S&P 500 ETF 0.20% 812 $497K No change
AMZN Amazon.com Inc. 0.20% 2,260 $496K Add +0.0%
XOM Exxon Mobil Corp. 0.16% 3,542 $399K Add +12.5%
VEU Vanguard Ftse All-World Ex-U 0.15% 5,220 $373K Add +0.1%
GOOG Alphabet Inc. Class C 0.15% 1,500 $365K Reduce -6.0%
MSI Motorola Solutions Inc. 0.14% 737 $337K Reduce -10.0%
PFE Pfizer Inc. 0.12% 11,369 $290K Add +0.0%
NTNX Nutanix Inc. Class A 0.11% 3,792 $282K No change
META Meta Platforms Inc. Class A 0.11% 359 $264K Add +54.1%
BLK BlackRock Inc. 0.10% 221 $258K Reduce -2.2%
HD Home Depot Inc. 0.09% 550 $223K Reduce -6.0%
GE General Electric filed as GE AEROSPACE 0.08% 659 $198K No change
CVX Chevron Corp. 0.07% 1,157 $180K Reduce -44.3%
WMT Walmart Inc. 0.07% 1,707 $176K Reduce -22.4%
TSLA Tesla Inc. 0.07% 378 $168K Add +9.9%
T AT&T Inc. 0.07% 5,869 $166K Reduce -48.9%
MNKD Mannkind Corp. 0.06% 28,850 $155K No change
KMI Kinder Morgan Inc. 0.06% 5,340 $151K Add +184.5%
VGK Vanguard Ftse Europe ETF 0.06% 1,827 $146K No change
GOOGL Alphabet Inc. Class A 0.05% 518 $126K Add +524.1%
FDX FedEx Corp. 0.05% 518 $122K No change
LLY Eli Lilly & Co. 0.05% 155 $118K Add +1.3%
LW Lamb Weston Holdings Inc. 0.04% 1,825 $106K No change
OKE Oneok Inc. 0.04% 1,414 $103K Add +1785.3%
VB Vanguard Most SM-Cap ETF-Usd 0.04% 394 $100K No change
GEV GE Vernova Inc. 0.04% 162 $100K No change
PLTR Palantir Technologies Inc. Class A 0.04% 544 $99K Reduce -1.1%
JNJ Johnson & Johnson 0.04% 532 $99K Reduce -28.7%
ENB Enbridge Inc. 0.04% 1,922 $97K Add +293.1%
CAG Conagra Brands Inc. 0.04% 5,262 $96K No change
V Visa Inc. Class A 0.04% 267 $91K Add +1680.0%
LOW Lowe's Cos Inc. 0.04% 358 $90K Reduce -3.5%
EXAS Exact Sciences Corp. 0.04% 1,600 $88K Reduce -20.0%
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.04% 295 $87K No change
CAH Cardinal Health Inc. 0.03% 535 $84K No change
GS Goldman Sachs Group Inc. 0.03% 103 $82K Reduce -6.4%
AMD Advanced Micro Devices 0.03% 491 $79K Reduce -9.6%
MPC Marathon Petroleum Corp. 0.03% 406 $78K No change
BA The Boeing Co. 0.03% 353 $76K Reduce -8.8%
VZ Verizon Communications Inc. 0.03% 1,724 $76K Reduce -10.7%
MA Mastercard Inc. Class A 0.03% 125 $71K Reduce -4.6%
SLV iShares Silver Trust 0.03% 1,555 $66K No change
IBIT iShares Bitcoin Trust ETF 0.03% 1,000 $65K New
KO The Coca-Cola Co. 0.03% 951 $63K Add +5.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.02% 92 $61K New
TGT Target Corp. 0.02% 674 $60K Add +287.4%
D Dominion Energy Inc. 0.02% 922 $56K No change
ROKU Roku Inc. 0.02% 543 $54K No change
FIS Fidelity National Info Serv 0.02% 739 $49K No change
CRM Salesforce Inc. 0.02% 202 $48K Reduce -1.5%
JPM JPMorgan Chase & Co. 0.02% 151 $47K Reduce -2.6%
MRK Merck & Co. Inc. 0.02% 557 $47K Add +23.5%
COST Costco Wholesale Corp. 0.02% 50 $46K Reduce -9.1%
SHOP Shopify Inc. Class A 0.02% 300 $45K No change
RH RH 0.02% 215 $44K No change
ORCL Oracle Corp. 0.02% 150 $42K Add +0.7%
AFL Aflac Inc. 0.02% 375 $42K No change
LUV Southwest Airlines Co. 0.02% 1,300 $41K No change
MU Micron Technology Inc. 0.02% 247 $41K Add +10.3%
INTC Intel Corp. 0.02% 1,226 $41K Reduce -6.3%
HPE Hewlett Packard Enterprise 0.02% 1,614 $40K No change
TRP TC Energy Corp. 0.02% 728 $40K New
UPS United Parcel Service Class B 0.02% 472 $39K Add +1.7%
TSM Taiwan Semiconductor-SP ADR 0.02% 137 $38K Add +16.1%
GBTC Grayscale Bitcoin Trust ETF 0.01% 411 $37K No change
UIS Unisys Corp. 0.01% 9,414 $37K No change
AI C3.AI Inc. Class A 0.01% 2,100 $36K No change
ADBE Adobe Inc. 0.01% 103 $36K Add +43.1%
CAT Caterpillar Inc. 0.01% 73 $35K Reduce -17.1%
VFC VF Corp. 0.01% 2,336 $34K Add +142.8%
PVH PVH Corp. 0.01% 400 $34K No change
PANW Palo Alto Networks Inc. 0.01% 160 $33K No change
DAL Delta Air Lines Inc. 0.01% 558 $32K Add +1016.0%

Show all 491 holdings

Portfolio Sells Q2 2025 → Q3 2025
VGT Vanguard Info Tech ETF Reduce -31.4% 5.63% −2.18
VONG Vanguard Russell 1000 Growth Reduce -32.3% 3.97% −1.72
VOT Vngrd Mrngstr MC GRW ETF-Usd Reduce -25.9% 3.98% −1.59
VBK Van Morst SML-Cap Gro-Usd Inc. Reduce -27.7% 3.92% −1.49
BRK.B Berkshire Hathaway Inc. Class B Reduce -19.1% 4.47% −1.25
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -25.3% 3.38% −1.15
VOE Vngrd Mrngstr MD-Cap Val ETF Reduce -23.9% 3.42% −1.11
VSS Vanguard Ftse All Wo X-US SC Reduce -29.6% 2.25% −0.98
VONV Vanguard Russell 1000 Value Reduce -24.2% 2.71% −0.94
VCIT Vanguard Int-Term Corporate Reduce -29.0% 1.83% −0.89
T AT&T Inc. Reduce -48.9% 0.07% −0.08
FERG Ferguson Enterprises Inc. Sold out 0.00% −0.07
CVX Chevron Corp. Reduce -44.3% 0.07% −0.06
SO The Southern Co. Reduce -0.7% 0.71% −0.03
WMT Walmart Inc. Reduce -22.4% 0.07% −0.02
VXUS Vanguard Total Intl Stock Sold out 0.00% −0.02
WYNN WYNN Resorts Ltd. Sold out 0.00% −0.02
MCD McDonald's Corp. Reduce -4.4% 0.26% −0.02
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.02
NVDA Nvidia Corp. Reduce -13.8% 0.30% −0.02
SNOW Snowflake Inc. Reduce -56.6% 0.01% −0.01
MSI Motorola Solutions Inc. Reduce -10.0% 0.14% −0.01
BND Vanguard Total Bond Market Sold out 0.00% −0.01
EXAS Exact Sciences Corp. Reduce -20.0% 0.04% −0.01
WBA Walgreens Boots Alliance Inc. Sold out 0.00% −0.01
JNJ Johnson & Johnson Reduce -28.7% 0.04% −0.01
C Citigroup Inc. Reduce -99.6% 0.00% −0.01
WING Wingstop Inc. Sold out 0.00% −0.01
SPXL Direxion Daily S&P 500 Bull Sold out 0.00% −0.01
MBB iShares MBS ETF Sold out 0.00% −0.01
PTY PIMCO Corporate & Income Opp Sold out 0.00% −0.01
AVAV Aerovironment Inc. Sold out 0.00% −0.01
SPTL SS SPDR PF LNG TRM TSY E-Usd Sold out 0.00% −0.01
VZ Verizon Communications Inc. Reduce -10.7% 0.03% −0.01
CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −0.01
TJX TJX Companies Inc. Sold out 0.00% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -3.0% 0.22% −0.01
COST Costco Wholesale Corp. Reduce -9.1% 0.02% −0.00
CRM Salesforce Inc. Reduce -1.5% 0.02% −0.00
BNDX Vanguard Total Intl Bond ETF Sold out 0.00% −0.00
PHYS Sprott Physical Gold Trust Reduce -34.5% 0.01% −0.00
BA The Boeing Co. Reduce -8.8% 0.03% −0.00
FSK FS KKR Capital Corp. Sold out 0.00% −0.00
KEYS Keysight Technologies Inc. Sold out 0.00% −0.00
SMR Nuscale Power Corp. Reduce -86.8% 0.00% −0.00
BIP Brookfield Infrastructure Pa Sold out 0.00% −0.00
KD Kyndryl Holdings Inc. Reduce -73.8% 0.00% −0.00
UGI Ugi Corp. Sold out 0.00% −0.00
INTU Intuit Inc. Sold out 0.00% −0.00
MA Mastercard Inc. Class A Reduce -4.6% 0.03% −0.00

Portfolio Buys Q2 2025 → Q3 2025
VTIP Vanguard Short-Term Tips Add +72.5% 4.67% +1.79
PFF iShares Preferred & Income S Add +68.5% 4.59% +1.76
VPU Vanguard Utilities ETF Add +67.4% 4.31% +1.74
VIG Vanguard Dividend Apprec ETF Add +61.4% 4.63% +1.71
VDE Vanguard Energy ETF Add +66.3% 4.22% +1.65
VYM Vanguard High DVD Yield ETF Add +62.2% 4.21% +1.58
VIGI Vanguard Int Div App Indx FD Add +67.1% 3.25% +1.15
VWOB Vanguard Emerg MKTS Gov BND Add +61.0% 2.25% +0.79
VNQ Vanguard Real Estate ETF Add +17.9% 6.79% +0.78
VCLT Vanguard Long-Term Corp. Bond Add +6.9% 8.26% +0.17
VYMI Vanguard Int High DVD YLD Inc. Add +3.0% 9.95% +0.16
GOOGL Alphabet Inc. Class A Add +524.1% 0.05% +0.04
OKE Oneok Inc. Add +1785.3% 0.04% +0.04
KMI Kinder Morgan Inc. Add +184.5% 0.06% +0.04
V Visa Inc. Class A Add +1680.0% 0.04% +0.03
META Meta Platforms Inc. Class A Add +54.1% 0.11% +0.03
ENB Enbridge Inc. Add +293.1% 0.04% +0.03
IBIT iShares Bitcoin Trust ETF New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US New 0.02% +0.02
TSLA Tesla Inc. Add +9.9% 0.07% +0.02
TGT Target Corp. Add +287.4% 0.02% +0.02
TRP TC Energy Corp. New 0.02% +0.02
XOM Exxon Mobil Corp. Add +12.5% 0.16% +0.01
DAL Delta Air Lines Inc. Add +1016.0% 0.01% +0.01
IBM Intl Business Machines Corp. New 0.01% +0.01
ARCC Ares Capital Corp. New 0.01% +0.01
AMSC American Superconductor Corp. New 0.01% +0.01
ITA iShares U.S. Aerospace & Def New 0.01% +0.01
VFC VF Corp. Add +142.8% 0.01% +0.01
NOVT Novanta Inc. New 0.01% +0.01
CEG Constellation Energy New 0.01% +0.01
AXP American Express Co. New 0.01% +0.01
CMG Chipotle Mexican Grill Inc. New 0.01% +0.01
ALAB Astera Labs Inc. Add +10.2% 0.01% +0.01
FISV Fiserv Inc. New 0.01% +0.01
MU Micron Technology Inc. Add +10.3% 0.02% +0.00
WHR Whirlpool Corp. New 0.00% +0.00
WMB Williams Cos Inc. New 0.00% +0.00
PAVE Global X US Infrastructure New 0.00% +0.00
XSD SS SPDR S&P Semiconductor New 0.00% +0.00
TSM Taiwan Semiconductor-SP ADR Add +16.1% 0.02% +0.00
PEP Pepsico Inc. Add +406.3% 0.00% +0.00
MRK Merck & Co. Inc. Add +23.5% 0.02% +0.00
CCJ Cameco Corp. New 0.00% +0.00
ORCL Oracle Corp. Add +0.7% 0.02% +0.00
ADBE Adobe Inc. Add +43.1% 0.01% +0.00
BX Blackstone Inc. Add +63.6% 0.01% +0.00
FANG Diamondback Energy Inc. New 0.00% +0.00
LULU Lululemon Athletica Inc. New 0.00% +0.00
TIDAL TRUST II New 0.00% +0.00

Notes & Other Activity Q2 2025 → Q3 2025
OXY.WS Occidental Petroleum-CW27 *W EXP 08/03/202 Sold out 15 $311before exit
BE Bloom Energy Corp. Class A COM CL A New 0 $0
UEC Uranium Energy Corp. COM Sold out 0 $0before exit
ZVIA Zevia PBC-A CL A Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 580$292.2MVYMI, VNQ, VCLT, VTIP, VIG
Q1 2026 550$272.0MVYMI, VCLT, VNQ, VTIP, VYM
Q4 2025 509$257.1MVYMI, VCLT, VNQ, VIG, VTIP
Q3 2025 491$246.6MVYMI, VCLT, VNQ, VGT, VTIP
Q2 2025 477$230.2MVYMI, VCLT, VGT, VNQ, BRK.B
Q1 2025 382$216.5MVCLT, VYMI, VNQ, VIG, PFF
Q4 2024 380$205.0MVCLT, VNQ, VYMI, VIG, VTIP
Q3 2024 345$203.2MVCLT, VYMI, VNQ, VIG, VIGI
Q2 2024 308$183.6MVCLT, VYMI, VONG, VNQ, VGT
Q1 2024 35$175.9MVGT, VONG, BRK.B, VYMI, VBK