Second Line Capital, LLC
CIK 1992879 · View on SEC EDGAR ↗
- Portfolio value
- $536.9M
- Positions
- 176
- As of
- June 30, 2026
#3,607 of 9,443 by 13F value · top 38.2%
Portfolio value QoQ: +1.7% 13F does not disclose cash
- Top 10 holdings weight
- 58.97%
- Top 25 holdings weight
- 77.60%
- Positions above 1%
- 20
- Effective number of positions
- 23.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 7.5% Est. buys $39,931,378 · sells $40,891,625
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 75.5% still held
- New positions
- 13
- Increased
- 63
- Decreased
- 92
- Closed
- 22
Put-notional exposure: 0.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
9.7%
Energy
3.3%
Retail
2.9%
Industrials
2.8%
Healthcare
2.7%
Financials
2.2%
Financial Services
1.7%
Real Estate
0.7%
Communication Services
0.6%
Consumer Discretionary
0.5%
Utilities
0.3%
Consumer products
0.3%
Consumer Staples
0.3%
Telecommunication
0.2%
Communications
0.2%
Materials
0.1%
Logistics & Transportation
0.0%
Other/Unmapped
71.5%
Full portfolio 176 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| ACIO | $59,627,254 | 11.11% | 1,292,312 | $2,333,004 | Up ×6 | ||
| DRSK | $42,990,134 | 8.01% | 1,495,309 | $1,257,095 | Up ×6 | ||
| IDUB | $38,975,274 | 7.26% | 1,417,892 | $1,819,565 | Up ×6 | ||
| SPY SPY | $31,111,056 | 5.79% | 41,556 | $2,282,880 | Up ×4 | ||
| SPDW | $30,245,745 | 5.63% | 600,233 | $1,627,314 | Up ×1 | ||
| OSCV | $25,864,091 | 4.82% | 613,038 | $1,369,948 | Up ×6 | ||
| ADME | $24,939,681 | 4.65% | 448,164 | $1,321,084 | Up ×1 | ||
| DUBS | $21,494,543 | 4.00% | 516,098 | $1,565,297 | Up ×4 | ||
| FTSM First Trust Enhanced Short Maturity ETF | $21,044,035 | 3.92% | 351,126 | $19,800,195 | Up ×1 | ||
| JUCY | $20,299,382 | 3.78% | 923,539 | $381,339 | Up ×4 | ||
| SPEM | $13,044,909 | 2.43% | 251,929 | $538,304 | Up ×6 | ||
| APP Applovin Corporation - Class A Common Stock | $11,207,283 | 2.09% | 21,752 | $1,572,818 | Up ×3 | ||
| AAPL Apple Inc. - Common Stock | $8,118,658 | 1.51% | 28,057 | $595,390 | Up ×1 | ||
| NVDA NVIDIA Corporation - Common Stock | $8,041,117 | 1.50% | 40,188 | $-1,615,095 | Down ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $7,505,850 | 1.40% | 20,122 | $-320,517 | Up ×3 | ||
| JPM JP Morgan Chase & Co. Common Stock | $6,863,629 | 1.28% | 20,969 | $89,552 | Down ×2 | ||
| OCUL Ocular Therapeutix, Inc. - Common Stock | $6,271,445 | 1.17% | 638,640 | $1,321,368 | Up ×6 | ||
| AMZN Amazon.com, Inc. - Common Stock | $5,676,544 | 1.06% | 23,817 | $-889,787 | Down ×2 | ||
| USFR | $5,610,839 | 1.05% | 111,437 | $116,366 | Up ×3 | ||
| XOM Exxon Mobil Corporation Common Stock | $5,568,658 | 1.04% | 40,730 | $-799,541 | Down ×4 | ||
| WMT Walmart Inc. - Common Stock | $4,847,855 | 0.90% | 42,803 | $-876,222 | Down ×2 | ||
| BKAG | $4,471,445 | 0.83% | 106,590 | $100,233 | Up ×4 | ||
| PWR Quanta Services, Inc. Common Stock | $4,300,977 | 0.80% | 5,973 | $-1,976,220 | Down ×2 | ||
| RSP | $4,288,583 | 0.80% | 20,156 | $400,433 | Up ×1 | ||
| GLXY Galaxy Digital Inc. - Class A common stock | $4,217,687 | 0.79% | 154,268 | $-65,642 | Down ×1 | ||
| V Visa Inc. | $3,911,397 | 0.73% | 11,400 | $317,547 | Up ×1 | ||
| FANG Diamondback Energy, Inc. - Common Stock | $3,761,078 | 0.70% | 21,397 | $-1,204,769 | Down ×2 | ||
| AVGO Broadcom Inc. - Common Stock | $3,753,795 | 0.70% | 9,937 | $2,532,017 | Up ×2 | ||
| CVX Chevron Corporation Common Stock | $3,680,961 | 0.69% | 22,207 | $-883,703 | Down ×1 | ||
| APH Amphenol Corporation Common Stock | $3,630,791 | 0.68% | 20,563 | $765,675 | Up ×2 | ||
| MARA MARA Holdings, Inc. - Common Stock | $3,586,745 | 0.67% | 258,225 | $423,759 | Down ×1 | ||
| PGR Progressive Corporation (The) Common Stock | $3,566,432 | 0.66% | 16,326 | $758,560 | Up ×1 | ||
| CHE Chemed Corp | $3,519,011 | 0.66% | 7,556 | $475,520 | Up ×1 | ||
| HD Home Depot, Inc. (The) Common Stock | $3,220,600 | 0.60% | 9,132 | $358,956 | Up ×1 | ||
| AMT American Tower Corporation (REIT) Common Stock | $3,076,813 | 0.57% | 18,630 | $144,281 | Up ×1 | ||
| NOW ServiceNow, Inc. Common Stock | $3,034,096 | 0.57% | 30,561 | $1,351,879 | Up ×4 | ||
| CPRT Copart, Inc. - Common Stock | $2,923,038 | 0.54% | 103,691 | $521,924 | Up ×6 | ||
| QQQM Invesco NASDAQ 100 ETF | $2,912,017 | 0.54% | 9,612 | $345,743 | Up ×1 | ||
| VOO | $2,693,235 | 0.50% | 3,921 | $457,775 | Up ×1 | ||
| UPSD | $2,618,849 | 0.49% | 92,867 | $84,552 | Down ×1 | ||
| IJH | $2,313,688 | 0.43% | 30,005 | $186,755 | Up ×1 | ||
| IJR | $2,286,959 | 0.43% | 15,420 | $201,259 | Up ×1 | ||
| EFA | $2,237,969 | 0.42% | 21,544 | $-16,265 | Down ×1 | ||
| JMST | $2,226,359 | 0.41% | 43,654 | $8,310 | Up ×2 | ||
| BRKB | $2,209,722 | 0.41% | 4,416 | $93,204 | Down ×1 | ||
| AMD Advanced Micro Devices, Inc. - Common Stock | $1,996,588 | 0.37% | 3,437 | $760,836 | Down ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $1,858,211 | 0.35% | 4,418 | $-2,367,578 | Down ×1 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $1,819,704 | 0.34% | 5,092 | $-124,515 | Up ×5 | ||
| QQQ Invesco QQQ Trust, Series 1 | $1,783,022 | 0.33% | 2,419 | $37,701 | Down ×1 | ||
| IVV | $1,694,426 | 0.32% | 2,263 | $-18,786 | Down ×1 | ||
| DEFR | $1,436,485 | 0.27% | 53,709 | $37,444 | Up ×4 | ||
| CAT Caterpillar, Inc. Common Stock | $1,035,083 | 0.19% | 972 | $111,149 | Down ×1 | ||
| SO Southern Company (The) Common Stock | $1,029,223 | 0.19% | 10,754 | $-78,246 | Down ×1 | ||
| INTC Intel Corporation - Common Stock | $1,025,163 | 0.19% | 7,342 | $-2,401 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $1,007,949 | 0.19% | 3,969 | $38,616 | Down ×2 | ||
| PG Procter & Gamble Company (The) Common Stock | $983,319 | 0.18% | 6,706 | $-132,277 | Down ×1 | ||
| SPMD | $950,411 | 0.18% | 14,068 | $45,946 | Down ×6 | ||
| JPST | $941,931 | 0.18% | 18,626 | $-41,069 | Down ×1 | ||
| KO Coca-Cola Company (The) Common Stock | $794,546 | 0.15% | 9,713 | $144,046 | Up ×1 | ||
| LOW Lowe's Companies, Inc. Common Stock | $791,554 | 0.15% | 3,590 | $193,177 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $786,929 | 0.15% | 1,397 | $-3,873,281 | Down ×1 | ||
| CRWD CrowdStrike Holdings, Inc. - Class A Common Stock | $738,720 | 0.14% | 968 | $233,685 | Down ×2 | ||
| VXUS Vanguard Total International Stock ETF | $726,665 | 0.14% | 8,500 | $18,579 | Down ×1 | ||
| MRK Merck & Company, Inc. Common Stock (new) | $715,832 | 0.13% | 5,534 | $74,502 | Down ×1 | ||
| VIG | $711,845 | 0.13% | 3,008 | $46,804 | Up ×3 | ||
| AMAT Applied Materials, Inc. - Common Stock | $688,296 | 0.13% | 952 | $316,686 | Up ×2 | ||
| AZO AutoZone, Inc. Common Stock | $671,147 | 0.13% | 210 | $-325,237 | Down ×1 | ||
| ORCL Oracle Corporation Common Stock | $636,174 | 0.12% | 4,341 | $-314,252 | Down ×1 | ||
| COP ConocoPhillips Common Stock | $625,907 | 0.12% | 6,021 | $-182,182 | Down ×1 | ||
| BAC Bank of America Corporation Common Stock | $615,459 | 0.11% | 10,801 | $12,631 | Down ×2 | ||
| T AT&T Inc. | $593,270 | 0.11% | 28,660 | $-169,894 | Down ×4 | ||
| GLD | $586,093 | 0.11% | 1,591 | $-2,794 | Up ×2 | ||
| SPSM | $580,939 | 0.11% | 10,074 | $47,909 | Up ×1 | ||
| ET Energy Transfer LP Common Units | $578,686 | 0.11% | 30,266 | $-31,501 | Up ×1 | ||
| PSX Phillips 66 Common Stock | $577,306 | 0.11% | 3,415 | $-38,612 | Down ×1 | ||
| FPX | $566,763 | 0.11% | 2,749 | $68,255 | |||
| VRTX Vertex Pharmaceuticals Incorporated - Common Stock | $558,821 | 0.10% | 1,125 | $50,666 | Down ×1 | ||
| VGT | $556,605 | 0.10% | 4,657 | $77,024 | Up ×2 | ||
| LLY Eli Lilly and Company Common Stock | $539,957 | 0.10% | 450 | $93,090 | Down ×1 | ||
| MO Altria Group, Inc. | $529,848 | 0.10% | 7,257 | $-16,490 | Down ×3 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $529,739 | 0.10% | 4,510 | $-386,080 | Down ×1 | ||
| KMI Kinder Morgan, Inc. Common Stock | $525,323 | 0.10% | 16,432 | $-19,456 | Down ×1 | ||
| XLK XLK | $483,621 | 0.09% | 2,538 | $101,081 | Up ×1 | ||
| RTX RTX Corporation Common Stock | $482,654 | 0.09% | 2,544 | $34,131 | Down ×1 | ||
| C Citigroup, Inc. Common Stock | $481,589 | 0.09% | 3,441 | $38,272 | Down ×1 | ||
| PDT John Hancock Premium Dividend Fund | $481,396 | 0.09% | 37,173 | $-10,296 | Up ×1 | ||
| LIN Linde plc - Ordinary Shares | $460,011 | 0.09% | 886 | $-5,026 | Down ×1 | ||
| VTI | $451,079 | 0.08% | 1,219 | ||||
| SCHD | $445,399 | 0.08% | 14,046 | $-3,485 | Up ×2 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $442,897 | 0.08% | 1,066 | $34,360 | Down ×1 | ||
| CL Colgate-Palmolive Company Common Stock | $437,680 | 0.08% | 4,774 | $29,232 | Down ×1 | ||
| IBM International Business Machines Corporation Common Stock | $436,719 | 0.08% | 1,553 | $-171,913 | Down ×1 | ||
| GE GE Aerospace Common Stock | $433,941 | 0.08% | 1,161 | $97,856 | Up ×2 | ||
| ROK Rockwell Automation, Inc. Common Stock | $430,225 | 0.08% | 869 | ||||
| PANW Palo Alto Networks, Inc. - Common Stock | $420,137 | 0.08% | 1,232 | $194,911 | Down ×2 | ||
| BP BP p.l.c. Common Stock | $417,183 | 0.08% | 11,290 | $-598,038 | Down ×1 | ||
| PSA Public Storage Common Stock | $413,803 | 0.08% | 1,300 | $110,446 | Up ×1 | ||
| TT Trane Technologies plc | $412,657 | 0.08% | 840 | $-29,223 | Down ×1 | ||
| IGRO | $390,108 | 0.07% | 4,437 | $8,432 | Up ×2 | ||
| IDEV | $373,411 | 0.07% | 4,195 | $8,268 | Up ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| ACIO | $59,627,254 | 11.11% | up ×6 |
| DRSK | $42,990,134 | 8.01% | up ×6 |
| IDUB | $38,975,274 | 7.26% | up ×6 |
| SPY | $31,111,056 | 5.79% | up ×4 |
| OSCV | $25,864,091 | 4.82% | up ×6 |
| DUBS | $21,494,543 | 4.00% | up ×4 |
| JUCY | $20,299,382 | 3.78% | up ×4 |
| SPEM | $13,044,909 | 2.43% | up ×6 |
| APP | $11,207,283 | 2.09% | up ×3 |
| MSFT | $7,505,850 | 1.40% | up ×3 |
| OCUL | $6,271,445 | 1.17% | up ×6 |
| USFR | $5,610,839 | 1.05% | up ×3 |
| BKAG | $4,471,445 | 0.83% | up ×4 |
| NOW | $3,034,096 | 0.57% | up ×4 |
| CPRT | $2,923,038 | 0.54% | up ×6 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| VTI | $451,079 | 1,219 | 0.08% |
| ROK | $430,225 | 869 | 0.08% |
| USPX | $324,932 | 4,966 | 0.06% |
| WSM | $240,326 | 1,031 | 0.04% |
| ASML | $238,733 | 120 | 0.04% |
| SPYI | $215,015 | 4,050 | 0.04% |
| PII | $208,742 | 3,050 | 0.04% |
| Unknown issuer (CUSIP: 78409V112) | $200,209 | 492 | 0.04% |
| VUG | $135,365 | 1,571 | 0.03% |
| SEV | $25,061 | 10,229 | 0.00% |
| Unknown issuer (CUSIP: 03674X956) | $13,750 | 100 | 0.00% |
| Unknown issuer (CUSIP: 594918954) | $7,943 | 9 | 0.00% |
| Unknown issuer (CUSIP: 037833950) | $7,183 | 17 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| AVGO | Bought more | +7K | +$2.5M |
| TSLA | Trimmed | -7K | -$2.4M |
| ACIO | Bought more | +26K | +$2.3M |
| SPY | Bought more | +1K | +$2.3M |
| PWR | Trimmed | -3K | -$2.0M |
| IDUB | Bought more | +28K | +$1.8M |
| SPDW | Bought more | +16K | +$1.6M |
| NVDA | Trimmed | -8K | -$1.6M |
| APP | Bought more | +167 | +$1.6M |
| DUBS | Bought more | +18K | +$1.6M |
3 positions hidden (data completeness check)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CRWV | June 30, 2026 | 66,244 | $7,392,830 | -9.9% |
| CRDO | June 30, 2026 | 29,617 | $5,153,654 | -14.6% |
| CRDO | Dec. 31, 2025 | 29,413 | $4,282,827 | 61.4% |
| MRVL | Dec. 31, 2025 | 46,304 | $3,892,816 | 173.6% |
| CLS | Sept. 30, 2025 | 23,905 | $3,731,810 | 21.6% |
| VRT | Dec. 31, 2025 | 24,118 | $3,638,448 | 60.9% |
| APLD | June 30, 2026 | 86,703 | $2,969,578 | -28.1% |
| DECK | Sept. 30, 2025 | 18,981 | $1,956,372 | -9.8% |
| SHAK | June 30, 2025 | 16,930 | $1,492,718 | -48.2% |
| FCX | June 30, 2026 | 24,466 | $1,413,647 | 8.0% |
| ARCC | Dec. 31, 2025 | 67,008 | $1,367,628 | -1.6% |
| GCT | June 30, 2025 | 91,914 | $1,305,179 | 156.1% |
| VKTX | June 30, 2025 | 50,381 | $1,216,701 | 30.3% |
| NTLA | Dec. 31, 2025 | 63,027 | $1,088,476 | 39.1% |
| CHDN | June 30, 2026 | 10,200 | $1,030,098 | 0.1% |
| FUBO | March 31, 2026 | 397,612 | $1,001,982 | 5.9% |
| ACLS | June 30, 2025 | 17,343 | $861,427 | 86.2% |
| SCD | Dec. 31, 2025 | 53,700 | $842,553 | 7.9% |
| VTI | March 31, 2026 | 1,153 | $386,566 | No longer tracked |
| ROK | March 31, 2026 | 916 | $356,388 | 21.6% |
| ADBE | March 31, 2025 | 768 | $341,514 | -29.4% |
| VONG | June 30, 2026 | 2,738 | $336,117 | |
| LNG | June 30, 2026 | 1,167 | $320,997 | 13.9% |
| VONV | June 30, 2026 | 3,131 | $317,609 | |
| VO | June 30, 2026 | 3,982 | $307,850 | No longer tracked |
| MS | June 30, 2026 | 1,499 | $285,694 | 4.0% |
| HON | June 30, 2026 | 1,268 | $271,669 | 0.8% |
| POOL | Sept. 30, 2025 | 913 | $265,987 | -37.1% |
| BX | March 31, 2026 | 1,701 | $262,192 | 26.2% |
| PEP | March 31, 2025 | 1,670 | $254,009 | -5.4% |
| PLTR | June 30, 2026 | 1,811 | $251,928 | 46.6% |
| DVN | March 31, 2026 | 6,696 | $245,273 | -3.5% |
| SDY | March 31, 2025 | 1,834 | $242,229 | No longer tracked |
| IUSB | March 31, 2026 | 5,178 | $240,984 | |
| ANET | March 31, 2025 | 2,136 | $236,092 | 143.6% |
| HWC | Sept. 30, 2025 | 4,076 | $233,962 | 24.1% |
| XLU | June 30, 2026 | 4,989 | $233,754 | No longer tracked |
| USAR | June 30, 2026 | 8,924 | $231,756 | -16.0% |
| SPYM | March 31, 2026 | 2,882 | $231,194 | No longer tracked |
| XAR | March 31, 2025 | 1,382 | $229,155 | No longer tracked |
| BKNG | March 31, 2025 | 46 | $228,632 | -95.3% |
| KNSL | June 30, 2026 | 705 | $228,145 | 15.7% |
| SPGI | June 30, 2026 | 521 | $224,886 | 10.8% |
| WSM | March 31, 2025 | 1,205 | $223,142 | 56.3% |
| ACN | March 31, 2026 | 816 | $219,041 | -9.0% |
| INFL | Sept. 30, 2025 | 5,184 | $218,609 | No longer tracked |
| SILA | Dec. 31, 2025 | 8,705 | $218,495 | No longer tracked |
| MP | June 30, 2026 | 3,296 | $217,668 | 1.4% |
| SHEL | June 30, 2026 | 2,387 | $216,463 | 20.5% |
| BMY | June 30, 2025 | 3,544 | $216,169 | 46.9% |
| URI | June 30, 2026 | 224 | $215,086 | -1.5% |
| FISV | March 31, 2025 | 1,030 | $211,583 | -76.1% |
| SPIB | June 30, 2026 | 6,286 | $210,895 | No longer tracked |
| ACN | Sept. 30, 2025 | 703 | $210,026 | -26.9% |
| WM | Sept. 30, 2025 | 915 | $209,370 | 2.7% |
| CMCSA | Sept. 30, 2025 | 5,838 | $208,358 | -14.8% |
| WSM | Dec. 31, 2025 | 1,057 | $206,591 | 38.4% |
| MSTR | Sept. 30, 2025 | 510 | $206,157 | -69.8% |
| DVN | June 30, 2025 | 5,398 | $202,626 | 52.6% |
| DGRO | June 30, 2025 | 3,275 | $202,303 | No longer tracked |
| MPC | Dec. 31, 2025 | 1,049 | $202,184 | 122.6% |
| ED | June 30, 2025 | 1,824 | $201,716 | 9.1% |
| USIG | June 30, 2026 | 3,931 | $201,464 | |
| DTE | Dec. 31, 2025 | 1,406 | $200,671 | 9.5% |
| INFL | June 30, 2026 | 3,761 | $200,236 | No longer tracked |
| NAD | March 31, 2026 | 11,216 | $134,816 | 2.5% |
| VUG | March 31, 2026 | 262 | $127,687 | No longer tracked |
| F | June 30, 2025 | 10,599 | $106,310 | 31.9% |
| JPC | March 31, 2025 | 11,948 | $93,911 | -4.3% |
| LAC | March 31, 2026 | 18,400 | $80,224 | -24.9% |
| GSAT | March 31, 2025 | 22,817 | $47,231 | 296.5% |
| AMRNXXXX | June 30, 2025 | 11,420 | $5,117 | No longer tracked |