# Main Management LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1583092. Source: https://holderbook.com/funds/1583092-main-management-llc/

- Reported value: $1.5B
- Positions: 95
- Weight of the ten largest: 67.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $189.8M | 996,372 | 12.8% | 31 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $178.1M | 238,454 | 12.0% | 31 |
| NORTHERN LTS FD TR IV | [BUYW](https://holderbook.com/stocks/BUYW/) | $146.9M | 10,166,319 | 9.9% | 16 |
| NORTHERN LTS FD TR IV | [INTL](https://holderbook.com/stocks/INTL/) | $122.4M | 4,001,291 | 8.2% | 15 |
| NORTHERN LTS FD TR IV | [TMAT](https://holderbook.com/stocks/TMAT/) | $70.1M | 2,230,630 | 4.7% | 22 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $66.3M | 183,975 | 4.5% | 2 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $58.9M | 194,254 | 4.0% | 18 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $57.1M | 77,495 | 3.8% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $56.5M | 482,051 | 3.8% | 8 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $55.2M | 515,641 | 3.7% | 15 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $52.5M | 330,667 | 3.5% | 31 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $51.2M | 955,766 | 3.4% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $44.7M | 210,052 | 3.0% | 31 |
| SELECT SECTOR SPDR TR | [XLU](https://holderbook.com/stocks/XLU/) | $38.9M | 857,909 | 2.6% | 1 |
| NORTHERN LTS FD TR IV | [SECT](https://holderbook.com/stocks/SECT/) | $28.3M | 392,324 | 1.9% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $28.3M | 337,364 | 1.9% | 31 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $24.5M | 481,735 | 1.6% | 3 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $23.3M | 195,191 | 1.6% | 31 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $20.7M | 157,223 | 1.4% | 31 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $20.2M | 379,701 | 1.4% | 3 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $18.5M | 61,738 | 1.2% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $16.9M | 229,943 | 1.1% | 18 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $16.8M | 173,576 | 1.1% | 31 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $12.4M | 123,393 | 0.8% | 7 |
| SCHWAB US TREASURY MONEY ULTRA | - | $11.9M | 11,868,026 | 0.8% | 10 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $10.9M | 133,271 | 0.7% | 17 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $10.7M | 107,886 | 0.7% | 28 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $7.5M | 40,232 | 0.5% | 31 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $7.0M | 82,282 | 0.5% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $5.6M | 106,145 | 0.4% | 20 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $4.5M | 54,764 | 0.3% | 31 |
| SCHWAB US TREASURY MONEY INVESTOR | - | $4.5M | 4,478,294 | 0.3% | 10 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $3.5M | 30,144 | 0.2% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.1M | 51,961 | 0.2% | 31 |
| VANGUARD WORLD FD | [VCR](https://holderbook.com/stocks/VCR/) | $3.1M | 7,741 | 0.2% | 2 |
| SCHWAB VALUE ADVANTAGE M | - | $2.0M | 2,015,825 | 0.1% | 4 |
| VANECK ETF TRUST | [OIH](https://holderbook.com/stocks/OIH/) | $1.9M | 5,000 | 0.1% | 20 |
| ISHARES TR | [TFLO](https://holderbook.com/stocks/TFLO/) | $1.7M | 33,720 | 0.1% | 16 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.6M | 23,074 | 0.1% | 31 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.5M | 16,202 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $955.0K | 1,391 | 0.1% | 31 |
| ISHARES TR | [ITB](https://holderbook.com/stocks/ITB/) | $841.0K | 8,051 | 0.1% | 30 |
| ISHARES TR | [ACWX](https://holderbook.com/stocks/ACWX/) | $507.0K | 6,657 | 0.0% | 11 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $496.0K | 3,138 | 0.0% | 31 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $430.0K | 1,166 | 0.0% | 14 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $392.0K | 2,498 | 0.0% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $392.0K | 4,954 | 0.0% | 31 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $380.0K | 579 | 0.0% | 31 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $342.0K | 5,000 | 0.0% | 10 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $321.0K | 428 | 0.0% | 31 |
| VANECK ETF TRUST | [GDX](https://holderbook.com/stocks/GDX/) | $302.0K | 4,000 | 0.0% | 24 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $282.0K | 939 | 0.0% | 27 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $280.0K | 9,660 | 0.0% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $231.0K | 3,000 | 0.0% | 31 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $218.0K | 2,379 | 0.0% | 14 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $212.0K | 894 | 0.0% | 16 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $210.0K | 2,610 | 0.0% | 16 |
| INVESCO ACTIVELY MANAGED EXC | [GSY](https://holderbook.com/stocks/GSY/) | $183.0K | 3,652 | 0.0% | 14 |
| VANECK ETF TRUST | [GDXJ](https://holderbook.com/stocks/GDXJ/) | $173.0K | 1,764 | 0.0% | 18 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $172.0K | 464 | 0.0% | 31 |
| SCHWAB TREASURY OBLIG MO | - | $149.0K | 148,851 | 0.0% | 10 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $143.0K | 950 | 0.0% | 26 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $142.0K | 2,814 | 0.0% | 11 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $134.0K | 1,288 | 0.0% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $126.0K | 2,495 | 0.0% | 31 |
| SPDR INDEX SHS FDS | [SPEU](https://holderbook.com/stocks/SPEU/) | $119.0K | 2,162 | 0.0% | 6 |
| INVESCO EXCH TRADED FD TR II | [PWZ](https://holderbook.com/stocks/PWZ/) | $109.0K | 4,448 | 0.0% | 29 |
| ISHARES TR | [CMF](https://holderbook.com/stocks/CMF/) | $108.0K | 1,872 | 0.0% | 31 |
| FIRST TR EXCHANGE TRADED FD | [GRID](https://holderbook.com/stocks/GRID/) | $100.0K | 521 | 0.0% | 9 |
| ISHARES TR | [ILF](https://holderbook.com/stocks/ILF/) | $93.0K | 2,760 | 0.0% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $78.0K | 672 | 0.0% | 6 |
| FRANKLIN TEMPLETON ETF TR | [FLCA](https://holderbook.com/stocks/FLCA/) | $65.0K | 1,270 | 0.0% | 6 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $62.0K | 1,193 | 0.0% | 6 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $52.0K | 330 | 0.0% | 31 |
| SCHWAB GOVERNMENT MONEY | - | $50.0K | 49,852 | 0.0% | 1 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $44.0K | 1,000 | 0.0% | 5 |
| FRANKLIN TEMPLETON ETF TR | [FLKR](https://holderbook.com/stocks/FLKR/) | $35.0K | 530 | 0.0% | 1 |
| ISHARES TR | [ICLN](https://holderbook.com/stocks/ICLN/) | $30.0K | 1,487 | 0.0% | 5 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $28.0K | 254 | 0.0% | 25 |
| SCHWAB STRATEGIC TR | [FNDX](https://holderbook.com/stocks/FNDX/) | $22.0K | 720 | 0.0% | 8 |
| ISHARES INC | [EZA](https://holderbook.com/stocks/EZA/) | $21.0K | 326 | 0.0% | 1 |
| ETF SER SOLUTIONS | [QTUM](https://holderbook.com/stocks/QTUM/) | $20.0K | 120 | 0.0% | 12 |
| INVESCO EXCH TRADED FD TR II | [CQQQ](https://holderbook.com/stocks/CQQQ/) | $20.0K | 347 | 0.0% | 16 |
| FIRST TR EXCHANGE-TRADED FD | [ROBT](https://holderbook.com/stocks/ROBT/) | $19.0K | 342 | 0.0% | 14 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $19.0K | 250 | 0.0% | 14 |
| DBX ETF TR | [ASHR](https://holderbook.com/stocks/ASHR/) | $18.0K | 500 | 0.0% | 15 |
| ARK ETF TR | [ARKF](https://holderbook.com/stocks/ARKF/) | $15.0K | 368 | 0.0% | 25 |
| GLOBAL X FDS | [AIQ](https://holderbook.com/stocks/AIQ/) | $14.0K | 215 | 0.0% | 13 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $13.0K | 456 | 0.0% | 8 |
| PROSHARES TR | [ONLN](https://holderbook.com/stocks/ONLN/) | $11.0K | 202 | 0.0% | 25 |
| VANECK ETF TRUST | [ESPO](https://holderbook.com/stocks/ESPO/) | $11.0K | 125 | 0.0% | 25 |
| FIRST TR EXCHANGE TRADED FD | [SKYY](https://holderbook.com/stocks/SKYY/) | $9.0K | 65 | 0.0% | 12 |
| GLOBAL X FDS | [CLOU](https://holderbook.com/stocks/CLOU/) | $5.0K | 204 | 0.0% | 25 |
| COLUMBIA ETF TR II | [XCEM](https://holderbook.com/stocks/XCEM/) | $3.0K | 60 | 0.0% | 19 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $2.0K | 100 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.9% | +14.8% | -0.9% | 99% |
| Q1 2026 | -3.9% | -4.6% | +0.7% | 99% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 100% |
| Q3 2025 | +7.8% | +7.8% | -0.0% | 99% |
| Q2 2025 | +11.7% | +10.5% | +1.2% | 98% |
| Q1 2025 | -4.6% | -4.6% | -0.0% | 98% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 96% |
| Q3 2024 | +4.4% | +5.4% | -1.1% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.5B | 95 |
| Q1 2026 | $1.4B | 102 |
| Q4 2025 | $1.4B | 104 |
| Q3 2025 | $1.4B | 105 |
| Q2 2025 | $1.3B | 104 |
| Q1 2025 | $1.1B | 114 |
| Q4 2024 | $1.2B | 133 |
| Q3 2024 | $1.2B | 138 |
| Q2 2024 | $1.2B | 141 |
| Q1 2024 | $1.2B | 152 |
| Q4 2023 | $1.0B | 142 |
| Q3 2023 | $986.5M | 133 |