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SLC

Second Line Capital Portfolio holdings

AUM $528M
1-Year Est. Return 16.68%
This Fund
S&P 500
This Quarter Est. Return
+9.11%
1 Year Est. Return
+16.68%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$483M
AUM Growth
+$52.7M
Cap. Flow
+$20M
Cap. Flow %
4.14%
Top 10 Hldgs %
53.54%
Holding
169
New
20
Increased
67
Reduced
55
Closed
9

Top Buys

Rank Stock Value
1
FTSM icon
First Trust Enhanced Short Maturity ETF
FTSM
+$7.23M
2
CRWV
CoreWeave
CRWV
+$4.64M
3
USFR icon
WisdomTree Floating Rate Treasury Fund
USFR
+$4.43M
4
CRDO icon
Credo Technology Group
CRDO
+$3.6M
5
VRT icon
Vertiv
VRT
+$3.22M

Top Sells

Rank Stock Value
1
CLS icon
Celestica
CLS
+$3.73M
2
APP icon
Applovin
APP
+$2.92M
3
AMD icon
Advanced Micro Devices
AMD
+$2.9M
4
META icon
Meta Platforms (Facebook)
META
+$2.38M
5
DECK icon
Deckers Outdoor
DECK
+$1.96M

Sector Composition

Rank Sector Weight
1 Technology 11.01%
2 Communication Services 5.14%
3 Financials 5.09%
4 Consumer Discretionary 3.47%
5 Energy 3.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ACIO icon
1
Aptus Collared Investment Opportunity ETF
ACIO
$2.35B
$53.1M 11%
1,223,225
+13,205
+1% +$558K
DRSK icon
2
Aptus Defined Risk ETF
DRSK
$1.51B
$37.3M 7.72%
1,293,643
+33,772
+3% +$971K
IDUB icon
3
Aptus International Enhanced Yield ETF
IDUB
$484M
$30.9M 6.41%
1,314,211
+28,395
+2% +$653K
SPDW icon
4
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$39.6B
$25M 5.17%
583,398
+3,349
+0.6% +$139K
ADME icon
5
Aptus Behavioral Momentum ETF
ADME
$288M
$22M 4.54%
429,923
+3,857
+0.9% +$191K
SPY icon
6
State Street SPDR S&P 500 ETF Trust
SPY
$774B
$21.7M 4.49%
32,469
+200
+0.6% +$128K
OSCV icon
7
Opus Small Cap Value ETF
OSCV
$704M
$21.6M 4.47%
565,417
+12,520
+2% +$469K
JUCY icon
8
Aptus Enhanced Yield ETF
JUCY
$318M
$18.1M 3.74%
810,496
+40,317
+5% +$898K
APP icon
9
Applovin
APP
$143B
$15M 3.1%
20,813
-6,333
-23% -$2.92M
RSP icon
10
Invesco S&P 500 Equal Weight ETF
RSP
$96.4B
$14M 2.9%
73,936
+1,348
+2% +$251K
DUBS icon
11
Aptus Large Cap Enhanced Yield ETF
DUBS
$380M
$11.3M 2.33%
308,587
+3,106
+1% +$109K
SPEM icon
12
State Street SPDR Portfolio Emerging Markets ETF
SPEM
$16.9B
$11M 2.28%
235,333
+1,312
+0.6% +$58.3K
MSFT icon
13
Microsoft
MSFT
$2.93T
$9.02M 1.87%
17,421
-235
-1% -$120K
NVDA icon
14
NVIDIA
NVDA
$4.91T
$8.76M 1.81%
46,973
+3,623
+8% +$632K
FTSM icon
15
First Trust Enhanced Short Maturity ETF
FTSM
$6.5B
$7.24M 1.5%
+120,501
New +$7.23M
JPM icon
16
JPMorgan Chase
JPM
$907B
$7.11M 1.47%
22,537
-54
-0.2% -$16.1K
AAPL icon
17
Apple
AAPL
$4.9T
$6.87M 1.42%
26,962
-137
-0.5% -$30.9K
AMZN icon
18
Amazon
AMZN
$2.66T
$5.57M 1.15%
25,359
+2,430
+11% +$550K
CRWV
19
CoreWeave
CRWV
$39.9B
$5.37M 1.11%
+39,218
New +$4.64M
META icon
20
Meta Platforms (Facebook)
META
$1.64T
$5.29M 1.09%
7,197
-3,192
-31% -$2.38M
XOM icon
21
ExxonMobil
XOM
$611B
$4.9M 1.01%
43,433
-1,052
-2% -$117K
TSLA icon
22
Tesla
TSLA
$1.43T
$4.74M 0.98%
10,649
+1,923
+22% +$667K
OCUL icon
23
Ocular Therapeutix
OCUL
$1.96B
$4.7M 0.97%
402,467
+17,000
+4% +$203K
MARA icon
24
Marathon Digital Holdings
MARA
$4.08B
$4.55M 0.94%
248,996
+11,747
+5% +$198K
WMT icon
25
Walmart Inc
WMT
$909B
$4.52M 0.94%
43,826
+86
+0.2% +$8.56K
1
2 3 4 5

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LI
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VP
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OMC
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OC
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VU
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SWA
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Second Line Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Second Line Capital held 169 positions worth $483M, up 12% from $430M the previous quarter. Its ten largest holdings account for 54% of the portfolio.

Second Line Capital deployed $20M of net new capital in Q3 2025, opening 20 new positions and adding to 67 existing holdings. Its largest new stake was First Trust Enhanced Short Maturity ETF: 120,501 shares worth $7.24M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 9.9% a quarter earlier, followed by Communication Services and Financials.

On the sell side, the largest reduction was Applovin, an estimated $2.92M trimmed.

  • Second Line Capital's largest Q3 2025 buy was First Trust Enhanced Short Maturity ETF: 120,501 shares worth $7.24M.
  • Second Line Capital added most to ServiceNow in Q3 2025, an estimated $2.76M increase.
  • Second Line Capital's biggest Q3 2025 reduction was Applovin, cutting an estimated $2.92M.
  • Second Line Capital fully exited Celestica in Q3 2025, selling an estimated $3.73M.
  • Second Line Capital's ten largest holdings make up 54% of its $483M portfolio in Q3 2025.
  • Second Line Capital opened 20 new positions and closed 9 in Q3 2025.
  • Second Line Capital's portfolio value rose 12% quarter-over-quarter to $483M.

Based on Second Line Capital's 13F filing for Q3 2025, filed 19 Nov 2025.