Swan Global Investments, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 11, 2026), Swan Global Investments, LLC reported 66 stock positions worth $2.1 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 35.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 20.4%) and SS Technology Select Sector (XLK, 4.9%). Compared with Q3 2025, it opened 6 new positions, added to 28 and reduced 30. The biggest buy was Pacer Swan Sos Mod Oct ETF (PSMO, shares +34%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- DURANGO, CO
- CIK
- 0001591505
- Portfolio Value
- $2.1B (Q4 2025)
- SEC Filing
- 0001591505-26-000002 ↗ filed Feb 11, 2026
Holdings Value
Holdings 66 stocks · $2.1B
| SPY SS SPDR S&P 500 ETF Trust-US | 35.15% | 1,087,712 | $741.7M | Reduce -10.2% |
| IVV iShares Core S&P 500 ETF | 20.44% | 629,609 | $431.2M | Reduce -13.3% |
| XLK SS Technology Select Sector | 4.93% | 723,302 | $104.1M | Reduce -22.0% |
| PSMO Pacer Swan Sos Mod Oct ETF | 4.08% | 2,800,433 | $86.1M | Add +34.2% |
| PSMJ Pacer Swan Sos Moderate July | 3.56% | 2,335,332 | $75.2M | Reduce -5.5% |
| HEGD Swan Hedged Equity US LG Cap | 3.36% | 2,812,238 | $70.9M | Add +12.1% |
| PSMR Pacer Swan Sos Moderate Apr | 3.35% | 2,372,802 | $70.7M | Reduce -5.5% |
| PSMD Pacer Swan Sos Moderate Janu | 3.22% | 2,095,017 | $68.0M | Reduce -3.6% |
| PSCW Pacer Swan Sos Conserv Apr | 2.46% | 1,857,976 | $51.8M | Reduce -5.5% |
| PSCQ Pacer Swan Sos Cons Oct ETF | 2.00% | 1,430,104 | $42.2M | Add +14.3% |
| XLF SS Financial Select Sector | 1.93% | 741,720 | $40.6M | Reduce -20.9% |
| PSCJ Pacer Swan Sos Conservative | 1.70% | 1,194,739 | $35.9M | Reduce -5.5% |
| XLY SS Consumer Disc Select Sect | 1.49% | 262,881 | $31.4M | Reduce -21.8% |
| XLC SS Comm Select Sector SPDR | 1.43% | 256,327 | $30.2M | Reduce -20.6% |
| XLV SS Health Care Select Sector | 1.40% | 190,351 | $29.5M | Reduce -22.4% |
| PSFO Pacer Swan Sos Flex Oct ETF | 1.38% | 895,600 | $29.0M | Add +135.2% |
| PSCX Pacer Swan Sos Conservative | 1.24% | 840,044 | $26.1M | Reduce -5.5% |
| XLI SS Industrial Select Sector | 1.18% | 159,955 | $24.8M | Reduce -22.5% |
| PSFD Pacer Swan Sos Flex January | 1.15% | 648,505 | $24.2M | Reduce -1.1% |
| PSFJ Pacer Swan Sos Flex July ETF | 1.06% | 673,992 | $22.4M | Reduce -5.5% |
| XLP SS Consumer Staples Sel Sect | 0.69% | 186,366 | $14.5M | Reduce -21.3% |
| PSFM Pacer Swan Sos Flex April | 0.64% | 422,641 | $13.5M | Reduce -5.5% |
| XLE SS Energy Select Sector | 0.41% | 192,570 | $8.6M | Reduce -22.6% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.32% | 159,476 | $6.8M | Reduce -21.9% |
| XLRE SS Real Estate Select Sector | 0.26% | 135,756 | $5.5M | Reduce -20.5% |
| XLB SS Materials Select Sector | 0.25% | 117,268 | $5.3M | Reduce -22.1% |
| SCLZ Swan Enhanced DVD Inc. ETF | 0.07% | 25,191 | $1.4M | Add +6.8% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.06% | 10,800 | $1.2M | Reduce -15.0% |
| AAPL Apple Inc. | 0.05% | 4,015 | $1.1M | Add +11.4% |
| NVDA Nvidia Corp. | 0.04% | 5,007 | $934K | Add +8.6% |
| GLD SPDR Gold Shares | 0.04% | 2,245 | $890K | Add +9.8% |
| MSFT Microsoft Corp. | 0.04% | 1,781 | $861K | Add +11.3% |
| GOOGL Alphabet Inc. Class A | 0.04% | 2,558 | $801K | Add +14.3% |
| SGOL Abrdn Physical Gold Shares | 0.03% | 17,912 | $736K | Reduce -48.9% |
| META Meta Platforms Inc. Class A | 0.03% | 1,047 | $691K | Add +15.9% |
| LLY Eli Lilly & Co. | 0.03% | 643 | $691K | Add +7.2% |
| AMZN Amazon.com Inc. | 0.03% | 2,807 | $648K | Add +2.4% |
| AVGO Broadcom Inc. | 0.03% | 1,850 | $640K | Add +6.4% |
| JPM JPMorgan Chase & Co. | 0.03% | 1,858 | $599K | Add +18.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.02% | 897 | $451K | Reduce -7.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,453 | $430K | Add +16.5% |
| GE General Electric filed as GE AEROSPACE | 0.02% | 1,319 | $406K | Add +21.3% |
| V Visa Inc. Class A | 0.02% | 1,150 | $403K | Add +12.5% |
| PLTR Palantir Technologies Inc. Class A | 0.02% | 2,251 | $400K | Add +32.9% |
| JNJ Johnson & Johnson | 0.02% | 1,896 | $392K | Add +5.3% |
| CSCO Cisco Systems Inc. | 0.02% | 4,929 | $380K | Add +26.3% |
| ORCL Oracle Corp. | 0.02% | 1,885 | $367K | Add +72.6% |
| AMD Advanced Micro Devices | 0.02% | 1,653 | $354K | New |
| TSLA Tesla Inc. | 0.02% | 754 | $339K | Reduce -13.0% |
| ABBV Abbvie Inc. | 0.02% | 1,450 | $331K | Add +3.6% |
| VEU Vanguard Ftse All-World Ex-U | 0.02% | 4,431 | $326K | Reduce -31.7% |
| MA Mastercard Inc. Class A | 0.02% | 569 | $325K | Add +12.4% |
| WMT Walmart Inc. | 0.02% | 2,882 | $321K | Reduce -7.0% |
| LOW Lowe's Cos Inc. | 0.01% | 1,291 | $311K | New |
| KO The Coca-Cola Co. | 0.01% | 4,276 | $299K | Reduce -12.7% |
| XOM Exxon Mobil Corp. | 0.01% | 2,466 | $297K | Add +17.4% |
| TLT iShares 20+ Year Treasury BD | 0.01% | 3,300 | $288K | Add +37.5% |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | 0.01% | 7,550 | $287K | Add +22.6% |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 2,677 | $266K | Reduce -3.6% |
| HD Home Depot Inc. | 0.01% | 754 | $259K | New |
| IEFA iShares Core MSCI Eafe ETF | 0.01% | 2,860 | $256K | No change |
| IEMG iShares Core MSCI Emerging | 0.01% | 3,709 | $249K | No change |
| RTX RTX Corp. | 0.01% | 1,279 | $235K | New |
| NFLX Netflix Inc. | 0.01% | 2,451 | $230K | New |
| WFC Wells Fargo & Co. | 0.01% | 2,441 | $228K | New |
| UBER TECHNOLOGIES INC | 0.01% | 2,783 | $227K | Add +26.4% |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($1.2B), STATE STR SPDR S&P 500 ETF T calls ($7.4M), NVIDIA CORPORATION puts ($3.5M), CHENIERE ENERGY INC puts ($3.3M), APPLE INC puts ($3.2M), NETFLIX INC. calls ($2.4M), ISHARES TR puts ($1.6M), AMAZON COM INC puts ($1.5M), META PLATFORMS INC puts ($1.5M), BANK OF AMER CORP puts ($990K), TESLA INC puts ($861K), SPDR GOLD TR puts ($733K), and 1 more.
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -13.3% | 20.44% | −1.07 |
| XLK SS Technology Select Sector | Reduce -22.0% | 4.93% | −0.84 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -10.2% | 35.15% | −0.52 |
| XLF SS Financial Select Sector | Reduce -20.9% | 1.93% | −0.31 |
| XLY SS Consumer Disc Select Sect | Reduce -21.8% | 1.49% | −0.29 |
| XLC SS Comm Select Sector SPDR | Reduce -20.6% | 1.43% | −0.26 |
| XLI SS Industrial Select Sector | Reduce -22.5% | 1.18% | −0.23 |
| XLP SS Consumer Staples Sel Sect | Reduce -21.3% | 0.69% | −0.13 |
| XLV SS Health Care Select Sector | Reduce -22.4% | 1.40% | −0.11 |
| XLE SS Energy Select Sector | Reduce -22.6% | 0.41% | −0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -21.9% | 0.32% | −0.07 |
| XLRE SS Real Estate Select Sector | Reduce -20.5% | 0.26% | −0.06 |
| XLB SS Materials Select Sector | Reduce -22.1% | 0.25% | −0.05 |
| SGOL Abrdn Physical Gold Shares | Reduce -48.9% | 0.03% | −0.02 |
| BOXX Alpha Architect 1-3 MNTH Box | Reduce -15.0% | 0.06% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -31.7% | 0.02% | −0.01 |
| TSLA Tesla Inc. | Reduce -13.0% | 0.02% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.9% | 0.02% | −0.00 |
| KO The Coca-Cola Co. | Reduce -12.7% | 0.01% | −0.00 |
| VTWO Vanguard Russell 2000 ETF | Reduce -3.6% | 0.01% | +0.00 |
| WMT Walmart Inc. | Reduce -7.0% | 0.02% | +0.00 |
| PSFM Pacer Swan Sos Flex April | Reduce -5.5% | 0.64% | +0.02 |
| PSFJ Pacer Swan Sos Flex July ETF | Reduce -5.5% | 1.06% | +0.04 |
| PSCX Pacer Swan Sos Conservative | Reduce -5.5% | 1.24% | +0.05 |
| PSCJ Pacer Swan Sos Conservative | Reduce -5.5% | 1.70% | +0.05 |
| PSCW Pacer Swan Sos Conserv Apr | Reduce -5.5% | 2.46% | +0.08 |
| PSFD Pacer Swan Sos Flex January | Reduce -1.1% | 1.15% | +0.10 |
| PSMR Pacer Swan Sos Moderate Apr | Reduce -5.5% | 3.35% | +0.10 |
| PSMJ Pacer Swan Sos Moderate July | Reduce -5.5% | 3.56% | +0.12 |
| PSMD Pacer Swan Sos Moderate Janu | Reduce -3.6% | 3.22% | +0.18 |
Portfolio Buys Q3 2025 → Q4 2025
| PSMO Pacer Swan Sos Mod Oct ETF | Add +34.2% | 4.08% | +1.30 |
| PSFO Pacer Swan Sos Flex Oct ETF | Add +135.2% | 1.38% | +0.84 |
| HEGD Swan Hedged Equity US LG Cap | Add +12.1% | 3.36% | +0.59 |
| PSCQ Pacer Swan Sos Cons Oct ETF | Add +14.3% | 2.00% | +0.39 |
| AMD Advanced Micro Devices | New | 0.02% | +0.02 |
| LOW Lowe's Cos Inc. | New | 0.01% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +14.3% | 0.04% | +0.01 |
| LLY Eli Lilly & Co. | Add +7.2% | 0.03% | +0.01 |
| HD Home Depot Inc. | New | 0.01% | +0.01 |
| AAPL Apple Inc. | Add +11.4% | 0.05% | +0.01 |
| RTX RTX Corp. | New | 0.01% | +0.01 |
| NFLX Netflix Inc. | New | 0.01% | +0.01 |
| WFC Wells Fargo & Co. | New | 0.01% | +0.01 |
| GLD SPDR Gold Shares | Add +9.8% | 0.04% | +0.01 |
| SCLZ Swan Enhanced DVD Inc. ETF | Add +6.8% | 0.07% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +18.0% | 0.03% | +0.01 |
| CSCO Cisco Systems Inc. | Add +26.3% | 0.02% | +0.01 |
| NVDA Nvidia Corp. | Add +8.6% | 0.04% | +0.01 |
| PLTR Palantir Technologies Inc. Class A | Add +32.9% | 0.02% | +0.01 |
| AVGO Broadcom Inc. | Add +6.4% | 0.03% | +0.01 |
| GE General Electric | Add +21.3% | 0.02% | +0.00 |
| IBM Intl Business Machines Corp. | Add +16.5% | 0.02% | +0.00 |
| MSFT Microsoft Corp. | Add +11.3% | 0.04% | +0.00 |
| AMZN Amazon.com Inc. | Add +2.4% | 0.03% | +0.00 |
| TLT iShares 20+ Year Treasury BD | Add +37.5% | 0.01% | +0.00 |
| JNJ Johnson & Johnson | Add +5.3% | 0.02% | +0.00 |
| ORCL Oracle Corp. | Add +72.6% | 0.02% | +0.00 |
| V Visa Inc. Class A | Add +12.5% | 0.02% | +0.00 |
| XOM Exxon Mobil Corp. | Add +17.4% | 0.01% | +0.00 |
| META Meta Platforms Inc. Class A | Add +15.9% | 0.03% | +0.00 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Add +22.6% | 0.01% | +0.00 |
| MA Mastercard Inc. Class A | Add +12.4% | 0.02% | +0.00 |
| ABBV Abbvie Inc. | Add +3.6% | 0.02% | +0.00 |
| UBER TECHNOLOGIES INC | Add +26.4% | 0.01% | +0.00 |
Options Activity Q3 2025 → Q4 2025
| STATE STR SPDR S&P 500 ETF T | put | Reduce -7.6% | 2,080,100 | $1.2B |
| STATE STR SPDR S&P 500 ETF T | call | Add +3.2% | 1,056,500 | $7.4M |
| NVIDIA CORPORATION | put | Add +50.5% | 27,400 | $3.5M |
| APPLE INC | put | Add +14.7% | 15,600 | $3.2M |
| NETFLIX INC. | call | New | 25,000 | $2.4M |
| BANK OF AMER CORP | put | New | 19,800 | $990K |
| TESLA INC | put | New | 2,100 | $861K |
| SPDR GOLD TR | put | Reduce -17.4% | 1,900 | $733K |
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 |