# SWAN Capital LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1952722. Source: https://holderbook.com/funds/1952722-swan-capital-llc/

- Reported value: $292.2M
- Positions: 580
- Weight of the ten largest: 64.7%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $27.8M | 283,514 | 9.5% | 13 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $22.2M | 230,437 | 7.6% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCLT](https://holderbook.com/stocks/VCLT/) | $22.1M | 293,502 | 7.6% | 12 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $21.2M | 422,205 | 7.3% | 13 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $18.4M | 77,910 | 6.3% | 13 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $18.2M | 115,374 | 6.2% | 13 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $17.6M | 575,662 | 6.0% | 13 |
| VANGUARD WORLD FD | [VPU](https://holderbook.com/stocks/VPU/) | $16.3M | 83,344 | 5.6% | 13 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $12.6M | 187,705 | 4.3% | 11 |
| VANGUARD WHITEHALL FDS | [VIGI](https://holderbook.com/stocks/VIGI/) | $12.6M | 134,663 | 4.3% | 13 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $11.5M | 76,808 | 3.9% | 13 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $10.7M | 89,157 | 3.6% | 13 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $8.8M | 17,674 | 3.0% | 13 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $8.0M | 21,783 | 2.7% | 13 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $7.8M | 25,316 | 2.7% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONG](https://holderbook.com/stocks/VONG/) | $7.5M | 58,509 | 2.6% | 13 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $6.8M | 27,930 | 2.3% | 13 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $6.7M | 33,960 | 2.3% | 13 |
| VANGUARD SCOTTSDALE FDS | [VONV](https://holderbook.com/stocks/VONV/) | $5.5M | 52,018 | 1.9% | 7 |
| VANGUARD INTL EQUITY INDEX F | [VSS](https://holderbook.com/stocks/VSS/) | $4.3M | 27,713 | 1.5% | 13 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $3.9M | 46,936 | 1.3% | 13 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.4M | 11,888 | 1.2% | 13 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $1.8M | 18,332 | 0.6% | 13 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.2M | 6,150 | 0.4% | 10 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $695.2K | 944 | 0.2% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $681.6K | 992 | 0.2% | 10 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $614.6K | 1,661 | 0.2% | 10 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $588.3K | 1,665 | 0.2% | 12 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $494.7K | 3,618 | 0.2% | 9 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $437.1K | 1,617 | 0.1% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $423.1K | 1,775 | 0.1% | 12 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $422.0K | 1,131 | 0.1% | 12 |
| FIDELITY COVINGTON TRUST | [FBCG](https://holderbook.com/stocks/FBCG/) | $340.9K | 5,488 | 0.1% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $296.7K | 257 | 0.1% | 6 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $287.9K | 240 | 0.1% | 9 |
| MOTOROLA SOLUTIONS INC | [MSI](https://holderbook.com/stocks/MSI/) | $272.0K | 655 | 0.1% | 6 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $269.0K | 11,171 | 0.1% | 12 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $247.5K | 426 | 0.1% | 9 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $243.0K | 1,115 | 0.1% | 1 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $234.3K | 627 | 0.1% | 9 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $215.4K | 224 | 0.1% | 7 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $204.8K | 2,542 | 0.1% | 9 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $200.0K | 312 | 0.1% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $196.4K | 557 | 0.1% | 12 |
| NUTANIX INC | [NTNX](https://holderbook.com/stocks/NTNX/) | $195.3K | 3,832 | 0.1% | 13 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $174.6K | 1,542 | 0.1% | 9 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $162.2K | 518 | 0.1% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VGK](https://holderbook.com/stocks/VGK/) | $161.8K | 1,827 | 0.1% | 9 |
| VANECK ETF TRUST | [SMH](https://holderbook.com/stocks/SMH/) | $154.5K | 236 | 0.1% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $144.6K | 1,239 | 0.0% | 9 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $141.4K | 251 | 0.0% | 9 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $141.2K | 556 | 0.0% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $139.5K | 332 | 0.0% | 9 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $135.8K | 448 | 0.0% | 1 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $129.2K | 110 | 0.0% | 9 |
| MANNKIND CORP | [MNKD](https://holderbook.com/stocks/MNKD/) | $122.9K | 28,850 | 0.0% | 13 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $112.6K | 806 | 0.0% | 9 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $109.9K | 1,312 | 0.0% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $104.2K | 103 | 0.0% | 9 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $103.8K | 406 | 0.0% | 9 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $99.1K | 868 | 0.0% | 9 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $97.6K | 265 | 0.0% | 9 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $95.6K | 1,110 | 0.0% | 1 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $94.0K | 249 | 0.0% | 7 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $91.3K | 1,050 | 0.0% | 9 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $87.9K | 184 | 0.0% | 5 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $87.7K | 2,742 | 0.0% | 9 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $86.0K | 390 | 0.0% | 5 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $83.2K | 602 | 0.0% | 9 |
| LAMB WESTON HLDGS INC | [LW](https://holderbook.com/stocks/LW/) | $78.8K | 1,825 | 0.0% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $76.4K | 353 | 0.0% | 9 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $75.4K | 1,212 | 0.0% | 1 |
| CONAGRA BRANDS INC | [CAG](https://holderbook.com/stocks/CAG/) | $74.2K | 5,514 | 0.0% | 9 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $73.1K | 900 | 0.0% | 9 |
| RH | [RH](https://holderbook.com/stocks/RH/) | $68.4K | 415 | 0.0% | 5 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $67.4K | 1,186 | 0.0% | 3 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $64.0K | 1,418 | 0.0% | 9 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $63.0K | 922 | 0.0% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $62.0K | 482 | 0.0% | 9 |
| TIDAL TRUST III | [DRKY](https://holderbook.com/stocks/DRKY/) | $60.4K | 2,913 | 0.0% | 2 |
| GLOBAL X FDS | [DYLG](https://holderbook.com/stocks/DYLG/) | $60.0K | 2,154 | 0.0% | 2 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $59.9K | 701 | 0.0% | 1 |
| ETF OPPORTUNITIES TRUST | [TSPY](https://holderbook.com/stocks/TSPY/) | $58.6K | 2,316 | 0.0% | 2 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $56.6K | 158 | 0.0% | 8 |
| TIDAL TRUST III | [OMAH](https://holderbook.com/stocks/OMAH/) | $56.5K | 3,063 | 0.0% | 2 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $53.4K | 749 | 0.0% | 1 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $53.1K | 110 | 0.0% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VPL](https://holderbook.com/stocks/VPL/) | $52.3K | 452 | 0.0% | 2 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $51.6K | 1,218 | 0.0% | 9 |
| KURV ETF TR | [KQQQ](https://holderbook.com/stocks/KQQQ/) | $49.7K | 1,636 | 0.0% | 2 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $46.8K | 50 | 0.0% | 9 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $46.4K | 1,394 | 0.0% | 4 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $46.3K | 271 | 0.0% | 1 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $45.8K | 597 | 0.0% | 1 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $44.8K | 510 | 0.0% | 3 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $44.8K | 610 | 0.0% | 1 |
| AFLAC INC | [AFL](https://holderbook.com/stocks/AFL/) | $44.0K | 375 | 0.0% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $42.5K | 290 | 0.0% | 9 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $42.0K | 177 | 0.0% | 7 |
| SOUTHWEST AIRLS CO | [LUV](https://holderbook.com/stocks/LUV/) | $41.1K | 800 | 0.0% | 9 |

## 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 | +6.6% | +14.8% | -8.2% | 100% |
| Q1 2026 | +1.2% | -4.6% | +5.9% | 100% |
| Q4 2025 | +0.4% | +2.4% | -1.9% | 100% |
| Q3 2025 | +5.8% | +7.8% | -2.0% | 100% |
| Q2 2025 | +4.1% | +10.5% | -6.3% | 100% |
| Q1 2025 | +1.1% | -4.6% | +5.7% | 100% |
| Q4 2024 | -2.9% | +2.1% | -5.0% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $292.2M | 580 |
| Q1 2026 | $272.0M | 551 |
| Q4 2025 | $257.1M | 511 |
| Q3 2025 | $246.6M | 491 |
| Q2 2025 | $230.2M | 478 |
| Q1 2025 | $216.5M | 382 |
| Q4 2024 | $205.0M | 380 |
| Q3 2024 | $203.2M | 345 |
| Q2 2024 | $183.6M | 308 |
| Q1 2024 | $175.9M | 35 |
| Q4 2023 | $158.8M | 31 |
| Q3 2023 | $125.4M | 31 |