Swan Global Investments, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Swan Global Investments, LLC reported 60 stock positions worth $2.0 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 31.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 21.3%) and SS Technology Select Sector (XLK, 6.2%). Compared with Q4 2024, it opened 16 new positions, sold out of 4, added to 17 and reduced 27. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +5%) and the biggest sale an exit from iShares Russell 2000 ETF (IWM).
- Most Recent 13F
- Q2 2026
- Location
- DURANGO, CO
- CIK
- 0001591505
- Portfolio Value
- $2.0B (Q1 2025)
- SEC Filing
- 0001591505-25-000003 ↗ filed May 13, 2025
Holdings Value
Holdings 60 stocks · $2.0B
| SPY SS SPDR S&P 500 ETF Trust-US | 31.90% | 1,123,572 | $628.5M | Add +2.5% |
| IVV iShares Core S&P 500 ETF | 21.27% | 745,694 | $419.0M | Add +4.7% |
| XLK SS Technology Select Sector | 6.15% | 587,053 | $121.2M | Reduce -7.8% |
| PSMD Pacer Swan Sos Moderate Janu | 3.56% | 2,448,997 | $70.2M | Add +19.6% |
| PSMO Pacer Swan Sos Mod Oct ETF | 3.16% | 2,289,393 | $62.2M | Add +5.0% |
| PSMJ Pacer Swan Sos Moderate July | 3.15% | 2,229,019 | $62.0M | Reduce -2.6% |
| HEGD Swan Hedged Equity US LG Cap | 3.13% | 2,814,493 | $61.6M | Reduce -0.6% |
| XLF SS Financial Select Sector | 2.99% | 1,184,690 | $59.0M | Reduce -7.3% |
| PSMR Pacer Swan Sos Moderate Apr | 2.67% | 1,940,278 | $52.7M | Reduce -2.6% |
| XLV SS Health Care Select Sector | 2.30% | 310,347 | $45.3M | Reduce -7.3% |
| XLY SS Consumer Disc Select Sect | 2.13% | 212,836 | $42.0M | Reduce -7.4% |
| XLC SS Comm Select Sector SPDR | 2.01% | 410,513 | $39.6M | Reduce -7.5% |
| PSCQ Pacer Swan Sos Cons Oct ETF | 1.83% | 1,393,485 | $36.1M | Add +11.2% |
| XLI SS Industrial Select Sector | 1.74% | 261,184 | $34.2M | Reduce -7.3% |
| PSCW Pacer Swan Sos Conserv Apr | 1.64% | 1,272,464 | $32.2M | Reduce -2.5% |
| PSCJ Pacer Swan Sos Conservative | 1.63% | 1,242,337 | $32.1M | Reduce -2.5% |
| PSCX Pacer Swan Sos Conservative | 1.38% | 1,000,776 | $27.2M | Add +86.3% |
| XLP SS Consumer Staples Sel Sect | 1.24% | 298,678 | $24.4M | Reduce -7.3% |
| PSFD Pacer Swan Sos Flex January | 1.22% | 738,485 | $24.0M | Reduce -2.5% |
| PSFJ Pacer Swan Sos Flex July ETF | 0.87% | 600,367 | $17.1M | Reduce -2.5% |
| XLE SS Energy Select Sector | 0.74% | 156,935 | $14.7M | Reduce -7.3% |
| PSFM Pacer Swan Sos Flex April | 0.73% | 499,097 | $14.3M | Reduce -2.5% |
| PSFO Pacer Swan Sos Flex Oct ETF | 0.58% | 405,531 | $11.4M | Reduce -2.5% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.52% | 129,272 | $10.2M | Reduce -7.3% |
| XLRE SS Real Estate Select Sector | 0.46% | 216,324 | $9.1M | Reduce -7.4% |
| XLB SS Materials Select Sector | 0.42% | 95,295 | $8.2M | Reduce -7.3% |
| SCLZ Swan Enhanced DVD Inc. ETF | 0.06% | 23,234 | $1.2M | Add +29.5% |
| GLD SPDR Gold Shares | 0.06% | 3,800 | $1.1M | Reduce -55.3% |
| SGOL Abrdn Physical Gold Shares | 0.05% | 30,097 | $897K | Add +46.9% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.03% | 6,000 | $669K | New |
| AAPL Apple Inc. | 0.03% | 2,610 | $580K | Add +46.9% |
| MSFT Microsoft Corp. | 0.03% | 1,391 | $522K | Add +57.0% |
| GOOGL Alphabet Inc. Class A | 0.03% | 3,266 | $505K | Add +56.5% |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | 0.02% | 12,922 | $489K | Reduce -9.5% |
| JPM JPMorgan Chase & Co. | 0.02% | 1,593 | $391K | Add +41.2% |
| V Visa Inc. Class A | 0.02% | 1,108 | $388K | Add +35.8% |
| AVGO Broadcom Inc. | 0.02% | 2,197 | $368K | Add +44.9% |
| LLY Eli Lilly & Co. | 0.02% | 445 | $368K | Add +60.1% |
| VEU Vanguard Ftse All-World Ex-U | 0.02% | 5,623 | $341K | Reduce -32.2% |
| UNH Unitedhealth Group Inc. | 0.02% | 568 | $297K | New |
| JNJ Johnson & Johnson | 0.01% | 1,766 | $293K | New |
| PG The Procter & Gamble Co. | 0.01% | 1,634 | $278K | New |
| MA Mastercard Inc. Class A | 0.01% | 489 | $268K | New |
| HD Home Depot Inc. | 0.01% | 662 | $243K | New |
| ABT Abbott Laboratories | 0.01% | 1,823 | $242K | New |
| KO The Coca-Cola Co. | 0.01% | 3,324 | $238K | New |
| CSCO Cisco Systems Inc. | 0.01% | 3,748 | $231K | New |
| MRK Merck & Co. Inc. | 0.01% | 2,548 | $229K | New |
| ORCL Oracle Corp. | 0.01% | 1,595 | $223K | New |
| TLT iShares 20+ Year Treasury BD | 0.01% | 2,400 | $218K | Reduce -78.2% |
| IEFA iShares Core MSCI Eafe ETF | 0.01% | 2,860 | $216K | Reduce -48.9% |
| PM Philip Morris International | 0.01% | 1,334 | $212K | New |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 2,577 | $208K | Add +10.1% |
| IEMG iShares Core MSCI Emerging | 0.01% | 3,817 | $206K | Reduce -98.4% |
| CAT Caterpillar Inc. | 0.01% | 621 | $205K | New |
| NRT North European Oil RTY Trust | 0.00% | 16,900 | $81K | Reduce -73.8% |
| EU Encore Energy Corp. | 0.00% | 32,700 | $45K | New |
| CBUS Cibus Inc. | 0.00% | 22,700 | $42K | Add +51.3% |
| WTI W&T Offshore Inc. | 0.00% | 11,000 | $17K | New |
| ENVIROTECH VEHICLES INC | 0.00% | 50,000 | $13K | New |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($1.4B), STATE STR SPDR S&P 500 ETF T calls ($43.9M), CHENIERE ENERGY INC puts ($3.6M), APPLE INC puts ($2.7M), NVIDIA CORPORATION puts ($2.3M), SPDR GOLD TR puts ($996K), ISHARES TR puts ($523K), ISHARES TR puts ($258K).
Portfolio Sells Q4 2024 → Q1 2025
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −1.12 |
| XLK SS Technology Select Sector | Reduce -7.8% | 6.15% | −1.01 |
| EFA iShares MSCI Eafe ETF | Sold out | 0.00% | −0.76 |
| IEMG iShares Core MSCI Emerging | Reduce -98.4% | 0.01% | −0.61 |
| XLY SS Consumer Disc Select Sect | Reduce -7.4% | 2.13% | −0.36 |
| XLC SS Comm Select Sector SPDR | Reduce -7.5% | 2.01% | −0.07 |
| XLI SS Industrial Select Sector | Reduce -7.3% | 1.74% | −0.06 |
| GLD SPDR Gold Shares | Reduce -55.3% | 0.06% | −0.04 |
| TLT iShares 20+ Year Treasury BD | Reduce -78.2% | 0.01% | −0.04 |
| PSCW Pacer Swan Sos Conserv Apr | Reduce -2.5% | 1.64% | −0.02 |
| PSMR Pacer Swan Sos Moderate Apr | Reduce -2.6% | 2.67% | −0.01 |
| PSCJ Pacer Swan Sos Conservative | Reduce -2.5% | 1.63% | −0.01 |
| APA Apa Corp. | Sold out | 0.00% | −0.01 |
| PSFM Pacer Swan Sos Flex April | Reduce -2.5% | 0.73% | −0.01 |
| NRT North European Oil RTY Trust | Reduce -73.8% | 0.00% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -48.9% | 0.01% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -32.2% | 0.02% | −0.01 |
| XLB SS Materials Select Sector | Reduce -7.3% | 0.42% | −0.00 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Reduce -9.5% | 0.02% | −0.00 |
| KWACU Kingswood Acquisition Corp. | Sold out | 0.00% | −0.00 |
| PSFJ Pacer Swan Sos Flex July ETF | Reduce -2.5% | 0.87% | −0.00 |
| XLRE SS Real Estate Select Sector | Reduce -7.4% | 0.46% | +0.00 |
| PSFO Pacer Swan Sos Flex Oct ETF | Reduce -2.5% | 0.58% | +0.00 |
| PSMJ Pacer Swan Sos Moderate July | Reduce -2.6% | 3.15% | +0.00 |
| PSFD Pacer Swan Sos Flex January | Reduce -2.5% | 1.22% | +0.00 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -7.3% | 0.52% | +0.01 |
| XLF SS Financial Select Sector | Reduce -7.3% | 2.99% | +0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -7.3% | 1.24% | +0.01 |
| XLE SS Energy Select Sector | Reduce -7.3% | 0.74% | +0.04 |
| HEGD Swan Hedged Equity US LG Cap | Reduce -0.6% | 3.13% | +0.06 |
| XLV SS Health Care Select Sector | Reduce -7.3% | 2.30% | +0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | Add +4.7% | 21.27% | +1.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.5% | 31.90% | +0.85 |
| PSMD Pacer Swan Sos Moderate Janu | Add +19.6% | 3.56% | +0.68 |
| PSCX Pacer Swan Sos Conservative | Add +86.3% | 1.38% | +0.66 |
| PSMO Pacer Swan Sos Mod Oct ETF | Add +5.0% | 3.16% | +0.25 |
| PSCQ Pacer Swan Sos Cons Oct ETF | Add +11.2% | 1.83% | +0.23 |
| BOXX Alpha Architect 1-3 MNTH Box | New | 0.03% | +0.03 |
| SGOL Abrdn Physical Gold Shares | Add +46.9% | 0.05% | +0.02 |
| SCLZ Swan Enhanced DVD Inc. ETF | Add +29.5% | 0.06% | +0.02 |
| UNH Unitedhealth Group Inc. | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | New | 0.01% | +0.01 |
| PG The Procter & Gamble Co. | New | 0.01% | +0.01 |
| MA Mastercard Inc. Class A | New | 0.01% | +0.01 |
| ABT Abbott Laboratories | New | 0.01% | +0.01 |
| HD Home Depot Inc. | New | 0.01% | +0.01 |
| KO The Coca-Cola Co. | New | 0.01% | +0.01 |
| CSCO Cisco Systems Inc. | New | 0.01% | +0.01 |
| MRK Merck & Co. Inc. | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | New | 0.01% | +0.01 |
| PM Philip Morris International | New | 0.01% | +0.01 |
| CAT Caterpillar Inc. | New | 0.01% | +0.01 |
| MSFT Microsoft Corp. | Add +57.0% | 0.03% | +0.01 |
| LLY Eli Lilly & Co. | Add +60.1% | 0.02% | +0.01 |
| AAPL Apple Inc. | Add +46.9% | 0.03% | +0.01 |
| V Visa Inc. Class A | Add +35.8% | 0.02% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +41.2% | 0.02% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +56.5% | 0.03% | +0.01 |
| EU Encore Energy Corp. | New | 0.00% | +0.00 |
| AVGO Broadcom Inc. | Add +44.9% | 0.02% | +0.00 |
| WTI W&T Offshore Inc. | New | 0.00% | +0.00 |
| ENVIROTECH VEHICLES INC | New | 0.00% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | Add +10.1% | 0.01% | +0.00 |
| CBUS Cibus Inc. | Add +51.3% | 0.00% | +0.00 |
Options Activity Q4 2024 → Q1 2025
| STATE STR SPDR S&P 500 ETF T | put | Add +0.2% | 2,443,800 | $1.4B |
| STATE STR SPDR S&P 500 ETF T | call | Add +15.7% | 1,133,400 | $43.9M |
| APPLE INC | put | Add +44.7% | 13,600 | $2.7M |
| NVIDIA CORPORATION | put | Add +700.0% | 20,800 | $2.3M |
| SPDR GOLD TR | put | Reduce -39.1% | 3,900 | $996K |
| ISHARES TR | put | Sold out | 11,000 | $968Kbefore exit |
| ISHARES TR | put | Reduce -97.7% | 5,000 | $523K |
| ISHARES TR | put | Reduce -98.1% | 6,000 | $258K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 87 | $2.2B | SPY, IVV, XLK, PSMO, PSMD |
| Q1 2026 | 64 | $1.9B | SPY, IVV, PSMO, PSMD, XLK |
| Q4 2025 | 66 | $2.1B | SPY, IVV, XLK, PSMO, PSMJ |
| Q3 2025 | 60 | $2.3B | SPY, IVV, XLK, PSMJ, PSMR |
| Q2 2025 | 68 | $2.2B | SPY, IVV, XLK, PSMR, PSMD |
| Q1 2025 | 60 | $2.0B | SPY, IVV, XLK, PSMD, PSMO |
| Q4 2024 | 48 | $2.1B | SPY, IVV, XLK, PSMJ, HEGD |
| Q3 2024 | 39 | $2.1B | SPY, IVV, XLK, PSMJ, XLF |
| Q2 2024 | 35 | $2.0B | SPY, IVV, XLK, XLF, PSMD |
| Q1 2024 | 34 | $2.0B | SPY, IVV, XLK, XLF, XLV |