Swan Global Investments, LLC
CIK 1591505 · View on SEC EDGAR ↗
- Portfolio value
- $3.4B
- Positions
- 103
- As of
- June 30, 2026
#1,069 of 9,443 by 13F value · top 11.3%
Portfolio value QoQ: +13.1% 13F does not disclose cash
- Top 10 holdings weight
- 85.24%
- Top 25 holdings weight
- 96.30%
- Positions above 1%
- 12
- Effective number of positions
- 5.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.76% Est. buys $160,421,405 · sells $56,047,031
Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 78.6% still held
- New positions
- 27
- Increased
- 50
- Decreased
- 18
- Closed
- 4
Put-notional exposure: 35.0% 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
1.9%
Communication Services
0.2%
Retail
0.1%
Energy
0.1%
Financial Services
0.1%
Healthcare
0.1%
Industrials
0.1%
Telecommunication
0.0%
Financials
0.0%
Communications
0.0%
Consumer Discretionary
0.0%
Consumer Staples
0.0%
Utilities
0.0%
Materials
0.0%
Other/Unmapped
97.4%
Full portfolio 103 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| Unknown issuer (CUSIP: 78462F953) | $1,154,292,785 | 34.10% | 1,840,200 | Put option | $47,067,777 | Up ×1 | |
| SPY SPY | $801,225,215 | 23.67% | 1,072,921 | $153,881,982 | Up ×1 | ||
| IVV | $405,824,240 | 11.99% | 541,901 | $9,590,973 | Down ×5 | ||
| XLK XLK | $106,822,659 | 3.16% | 560,690 | $32,479,994 | Up ×1 | ||
| PSMO | $85,665,771 | 2.53% | 2,633,439 | $4,651,303 | Down ×2 | ||
| PSMD | $80,368,087 | 2.37% | 2,342,410 | $4,945,781 | Down ×1 | ||
| PSMJ | $79,408,009 | 2.35% | 2,347,266 | $8,155,185 | Up ×1 | ||
| PSMR | $77,630,917 | 2.29% | 2,411,647 | $8,532,610 | Up ×1 | ||
| PSCW | $52,369,049 | 1.55% | 1,744,472 | $1,753,683 | Down ×4 | ||
| PSCQ | $41,907,415 | 1.24% | 1,342,756 | $2,276,141 | Down ×2 | ||
| HEGD | $41,840,977 | 1.24% | 1,569,429 | $2,514,106 | Down ×2 | ||
| PSCJ | $35,515,080 | 1.05% | 1,121,765 | $1,570,344 | Down ×3 | ||
| PSFD | $32,836,646 | 0.97% | 824,213 | $2,598,914 | Down ×1 | ||
| XLF XLF | $30,685,453 | 0.91% | 572,383 | $2,493,949 | Up ×1 | ||
| PSFO | $29,120,609 | 0.86% | 840,907 | $1,914,776 | Down ×2 | ||
| PSCX | $25,752,818 | 0.76% | 788,754 | $1,232,925 | Down ×5 | ||
| PSFJ | $25,653,912 | 0.76% | 729,426 | $4,553,527 | Up ×1 | ||
| XLY XLY | $23,861,085 | 0.70% | 203,454 | $1,740,543 | Up ×1 | ||
| XLV XLV | $23,455,660 | 0.69% | 147,836 | $1,831,125 | Up ×1 | ||
| XLI XLI | $23,074,101 | 0.68% | 124,570 | $2,973,326 | Up ×1 | ||
| XLC XLC | $21,022,763 | 0.62% | 196,236 | $-678,415 | Up ×1 | ||
| AAPL Apple Inc. - Common Stock | $18,929,063 | 0.56% | 65,417 | $17,810,864 | Up ×6 | ||
| PSFM | $17,701,246 | 0.52% | 507,781 | $4,558,829 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $12,835,618 | 0.38% | 34,410 | $12,001,255 | Up ×3 | ||
| XLP XLP | $12,016,242 | 0.35% | 144,652 | $185,380 | Up ×1 | ||
| Unknown issuer (CUSIP: 59356Q958) | $11,277,000 | 0.33% | 322,200 | Put option | Up ×1 | ||
| Unknown issuer (CUSIP: 78462F903) | $8,712,877 | 0.26% | 1,046,100 | Call option | $1,080,264 | Down ×2 | |
| XLE XLE | $7,964,429 | 0.24% | 149,961 | $-1,182,608 | Up ×1 | ||
| PLTR Palantir Technologies Inc. - Class A Common Stock | $7,039,284 | 0.21% | 60,335 | $6,678,119 | Up ×3 | ||
| LRCX Lam Research Corporation - Common Stock | $5,900,655 | 0.17% | 13,617 | Up ×1 | |||
| XLU XLU | $5,612,095 | 0.17% | 123,778 | $-55,045 | Up ×1 | ||
| Unknown issuer (CUSIP: 67066G954) | $5,440,000 | 0.16% | 40,000 | Put option | $508,900 | Up ×3 | |
| NVDA NVIDIA Corporation - Common Stock | $5,326,996 | 0.16% | 26,623 | $4,246,239 | Up ×3 | ||
| XLB XLB | $4,628,376 | 0.14% | 91,056 | $88,901 | Up ×1 | ||
| XLRE XLRE | $4,607,872 | 0.14% | 104,653 | $345,098 | Up ×1 | ||
| ADI Analog Devices, Inc. - Common Stock | $3,607,892 | 0.11% | 9,084 | Up ×1 | |||
| Unknown issuer (CUSIP: 037833950) | $3,286,000 | 0.10% | 14,200 | Put option | $161,000 | Up ×1 | |
| AMD Advanced Micro Devices, Inc. - Common Stock | $3,204,880 | 0.09% | 5,517 | $2,836,061 | Up ×2 | ||
| GOOG Alphabet Inc. - Class C Capital Stock | $2,309,365 | 0.07% | 6,536 | Up ×1 | |||
| AMZN Amazon.com, Inc. - Common Stock | $2,254,220 | 0.07% | 9,458 | $1,585,048 | Up ×3 | ||
| MU Micron Technology, Inc. - Common Stock | $1,883,801 | 0.06% | 1,632 | $1,358,122 | Up ×1 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $1,858,294 | 0.05% | 3,299 | $1,229,523 | Up ×3 | ||
| CVX Chevron Corporation Common Stock | $1,811,094 | 0.05% | 10,926 | Up ×1 | |||
| Unknown issuer (CUSIP: 16411R958) | $1,800,000 | 0.05% | 7,500 | Put option | $-216,000 | Down ×2 | |
| NOW ServiceNow, Inc. Common Stock | $1,481,059 | 0.04% | 14,918 | Up ×1 | |||
| Unknown issuer (CUSIP: 023135956) | $1,470,000 | 0.04% | 8,400 | Put option | $-42,000 | ||
| SCLZ | $1,417,532 | 0.04% | 25,295 | $158,704 | Up ×1 | ||
| Unknown issuer (CUSIP: 464287955) | $1,377,000 | 0.04% | 5,400 | Put option | $982,900 | Up ×1 | |
| GOOGL Alphabet Inc. - Class A Common Stock | $1,361,222 | 0.04% | 3,809 | $564,968 | Up ×3 | ||
| Unknown issuer (CUSIP: 30303M952) | $1,323,000 | 0.04% | 2,700 | Put option | $-162,000 | ||
| Unknown issuer (CUSIP: 595112953) | $1,296,000 | 0.04% | 1,600 | Put option | Up ×1 | ||
| SPGI S&P Global Inc. Common Stock | $1,256,804 | 0.04% | 3,086 | Up ×1 | |||
| Unknown issuer (CUSIP: 69608A958) | $1,188,000 | 0.04% | 8,800 | Put option | Up ×1 | ||
| SMCI Super Micro Computer, Inc. - Common Stock | $1,177,013 | 0.03% | 40,130 | Up ×1 | |||
| EBAY eBay Inc. - Common Stock | $1,078,946 | 0.03% | 9,655 | Up ×1 | |||
| AVGO Broadcom Inc. - Common Stock | $991,972 | 0.03% | 2,626 | $177,961 | Down ×1 | ||
| Unknown issuer (CUSIP: 060505954) | $990,000 | 0.03% | 19,800 | Put option | $0 | ||
| QCOM QUALCOMM Incorporated - Common Stock | $941,505 | 0.03% | 5,095 | ||||
| Unknown issuer (CUSIP: 88160R951) | $861,000 | 0.03% | 2,100 | Put option | $0 | ||
| LLY Eli Lilly and Company Common Stock | $831,205 | 0.02% | 693 | $218,638 | Up ×6 | ||
| TMUS T-Mobile US, Inc. - Common Stock | $797,221 | 0.02% | 4,753 | Up ×1 | |||
| GLD | $790,175 | 0.02% | 2,145 | $-132,797 | |||
| BOXX | $761,085 | 0.02% | 6,500 | $-204,122 | Down ×3 | ||
| JPM JP Morgan Chase & Co. Common Stock | $754,168 | 0.02% | 2,304 | $147,022 | Up ×3 | ||
| CSCO Cisco Systems, Inc. - Common Stock | $643,211 | 0.02% | 5,476 | $223,759 | Up ×3 | ||
| IBTG iShares iBonds Dec 2026 Term Treasury ETF | $620,731 | 0.02% | 27,118 | Up ×1 | |||
| SGOL | $600,211 | 0.02% | 15,700 | $-60,165 | Up ×1 | ||
| APH Amphenol Corporation Common Stock | $592,083 | 0.02% | 3,358 | ||||
| TSLA Tesla, Inc. - Common Stock | $568,231 | 0.02% | 1,351 | $267,485 | Up ×2 | ||
| TTAN ServiceTitan, Inc. - Class A Common Stock | $555,498 | 0.02% | 7,856 | Up ×1 | |||
| ORCL Oracle Corporation Common Stock | $549,269 | 0.02% | 3,748 | ||||
| GE GE Aerospace Common Stock | $549,009 | 0.02% | 1,469 | $125,624 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $520,892 | 0.02% | 2,051 | $41,056 | Up ×3 | ||
| MA Mastercard Incorporated Common Stock | $482,784 | 0.01% | 940 | $156,006 | Up ×3 | ||
| V Visa Inc. | $448,076 | 0.01% | 1,306 | $62,116 | Up ×3 | ||
| MCK McKesson Corporation Common Stock | $443,537 | 0.01% | 587 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $437,932 | 0.01% | 917 | Up ×1 | |||
| WMT Walmart Inc. - Common Stock | $422,460 | 0.01% | 3,730 | $84,046 | Up ×1 | ||
| XOM Exxon Mobil Corporation Common Stock | $406,469 | 0.01% | 2,973 | $-52,801 | Up ×3 | ||
| CAT Caterpillar, Inc. Common Stock | $374,845 | 0.01% | 352 | $138,928 | Up ×1 | ||
| ABBV AbbVie Inc. Common Stock | $373,685 | 0.01% | 1,485 | $47,233 | Down ×1 | ||
| Unknown issuer (CUSIP: 78463V957) | $360,000 | 0.01% | 900 | Put option | $0 | ||
| IBTH iShares iBonds Dec 2027 Term Treasury ETF | $352,797 | 0.01% | 15,771 | Up ×1 | |||
| VEU | $347,060 | 0.01% | 4,144 | $35,846 | |||
| Unknown issuer (CUSIP: 90353T105) | $338,358 | 0.01% | 4,689 | $124,798 | Up ×3 | ||
| Unknown issuer (CUSIP: 464287954) | $335,900 | 0.01% | 6,300 | Put option | $0 | ||
| WFC Wells Fargo & Company Common Stock | $320,065 | 0.01% | 3,873 | $104,163 | Up ×2 | ||
| RTX RTX Corporation Common Stock | $305,276 | 0.01% | 1,609 | $42,160 | Up ×2 | ||
| HD Home Depot, Inc. (The) Common Stock | $304,010 | 0.01% | 862 | $37,938 | Up ×2 | ||
| VTWO Vanguard Russell 2000 ETF | $294,686 | 0.01% | 2,427 | $41,556 | Down ×4 | ||
| IEMG | $290,851 | 0.01% | 3,511 | $53,701 | Up ×1 | ||
| XCCC | $288,824 | 0.01% | 7,900 | ||||
| IEFA | $279,503 | 0.01% | 2,894 | $35,706 | Up ×1 | ||
| Unknown issuer (CUSIP: 007903907) | $264,000 | 0.01% | 1,200 | Call option | Up ×1 | ||
| NFLX Netflix, Inc. - Common Stock | $259,610 | 0.01% | 3,636 | $2,986 | Up ×2 | ||
| BRKB | $233,669 | 0.01% | 1,275 | $-339,454 | Up ×2 | ||
| TLT iShares 20+ Year Treasury Bond ETF | $233,334 | 0.01% | 2,700 | $-44,074 | Down ×2 | ||
| DE Deere & Company Common Stock | $231,530 | 0.01% | 365 | ||||
| KO Coca-Cola Company (The) Common Stock | $229,019 | 0.01% | 2,818 | $17,904 | Up ×1 | ||
| XBB | $225,445 | 0.01% | 5,500 | 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 |
|---|---|---|---|
| AAPL | $18,929,063 | 0.56% | up ×6 |
| MSFT | $12,835,618 | 0.38% | up ×3 |
| PLTR | $7,039,284 | 0.21% | up ×3 |
| None | $5,440,000 | 0.16% | up ×3 |
| NVDA | $5,326,996 | 0.16% | up ×3 |
| AMZN | $2,254,220 | 0.07% | up ×3 |
| META | $1,858,294 | 0.05% | up ×3 |
| GOOGL | $1,361,222 | 0.04% | up ×3 |
| LLY | $831,205 | 0.02% | up ×6 |
| JPM | $754,168 | 0.02% | up ×3 |
| CSCO | $643,211 | 0.02% | up ×3 |
| JNJ | $520,892 | 0.02% | up ×3 |
| MA | $482,784 | 0.01% | up ×3 |
| V | $448,076 | 0.01% | up ×3 |
| XOM | $406,469 | 0.01% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 59356Q958) | $11,277,000 | 322,200 | 0.33% |
| LRCX | $5,900,655 | 13,617 | 0.17% |
| ADI | $3,607,892 | 9,084 | 0.11% |
| GOOG | $2,309,365 | 6,536 | 0.07% |
| CVX | $1,811,094 | 10,926 | 0.05% |
| NOW | $1,481,059 | 14,918 | 0.04% |
| Unknown issuer (CUSIP: 595112953) | $1,296,000 | 1,600 | 0.04% |
| SPGI | $1,256,804 | 3,086 | 0.04% |
| Unknown issuer (CUSIP: 69608A958) | $1,188,000 | 8,800 | 0.04% |
| SMCI | $1,177,013 | 40,130 | 0.03% |
| EBAY | $1,078,946 | 9,655 | 0.03% |
| QCOM | $941,505 | 5,095 | 0.03% |
| TMUS | $797,221 | 4,753 | 0.02% |
| IBTG | $620,731 | 27,118 | 0.02% |
| APH | $592,083 | 3,358 | 0.02% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SPY | Bought more | +78K | +$153.9M |
| — | Bought more | +600 | +$47.1M |
| XLK | Bought more | +1K | +$32.5M |
| IVV | Trimmed | -65K | +$9.6M |
| PSMR | Bought more | +137K | +$8.5M |
| PSMJ | Bought more | +109K | +$8.2M |
| PSMD | Trimmed | -23K | +$4.9M |
| PSMO | Trimmed | -51K | +$4.7M |
| PSFM | Bought more | +103K | +$4.6M |
| PSFJ | Bought more | +83K | +$4.6M |
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 |
|---|---|---|---|---|
| IWM | March 31, 2025 | 105,049 | $23,211,627 | No longer tracked |
| EFA | March 31, 2025 | 208,000 | $15,726,880 | No longer tracked |
| IBM | March 31, 2026 | 1,453 | $430,393 | -3.6% |
| ORCL | March 31, 2026 | 1,885 | $367,405 | -0.4% |
| UNH | Sept. 30, 2025 | 1,147 | $357,830 | 12.2% |
| PG | Sept. 30, 2025 | 2,183 | $347,796 | -6.7% |
| LOW | March 31, 2026 | 1,291 | $311,338 | -7.9% |
| HD | Sept. 30, 2025 | 826 | $302,845 | -17.2% |
| CAT | Sept. 30, 2025 | 770 | $298,922 | 72.7% |
| ABT | Sept. 30, 2025 | 2,119 | $288,205 | -14.6% |
| XCCC | March 31, 2026 | 7,550 | $287,127 | No longer tracked |
| PM | Sept. 30, 2025 | 1,554 | $283,030 | 17.0% |
| INTU | Sept. 30, 2025 | 354 | $278,821 | -47.2% |
| APH | Sept. 30, 2025 | 2,725 | $269,094 | 26.0% |
| MCD | Sept. 30, 2025 | 879 | $256,817 | -11.6% |
| TXN | Sept. 30, 2025 | 1,217 | $252,674 | 44.3% |
| MRK | Sept. 30, 2025 | 3,042 | $240,805 | 80.7% |
| QCOM | Sept. 30, 2025 | 1,447 | $230,449 | -3.2% |
| DE | Sept. 30, 2025 | 439 | $223,227 | 36.4% |
| HON | Sept. 30, 2025 | 954 | $222,168 | 10.7% |
| TJX | Sept. 30, 2025 | 1,779 | $219,689 | -2.3% |
| APA | March 31, 2025 | 9,100 | $210,119 | 110.7% |
| PEP | Sept. 30, 2025 | 1,545 | $204,002 | 1.5% |
| ACN | Sept. 30, 2025 | 681 | $203,544 | -26.0% |
| MDLZ | Sept. 30, 2025 | 2,973 | $200,499 | 2.6% |
| NRT | June 30, 2025 | 16,900 | $81,289 | 72.7% |
| EU | June 30, 2025 | 32,700 | $44,799 | -60.7% |
| CBUS | June 30, 2025 | 22,700 | $42,449 | 24.6% |
| CONI | Sept. 30, 2025 | 16,000 | $38,560 | |
| KWACU | March 31, 2025 | 11,000 | $32,340 | No longer tracked |
| WTI | June 30, 2025 | 11,000 | $17,050 | 141.5% |
| EVTV | Sept. 30, 2025 | 50,000 | $9,000 | No longer tracked |