# Second Line Capital, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1992879. Source: https://holderbook.com/funds/1992879-second-line-capital-llc/

- Reported value: $1.1B
- Positions: 176
- Weight of the ten largest: 59.0%
- Filed: 2026-08-12

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 |
|---|---|---|---|---|---|
| APTUS COLLARED INV | [ACIO](https://holderbook.com/stocks/ACIO/) | $119.3M | 2,584,624 | 11.1% | 11 |
| APTUS DEFINED RISK ETF | [DRSK](https://holderbook.com/stocks/DRSK/) | $86.0M | 2,990,618 | 8.0% | 11 |
| ETF SER SOLUTIONS | [IDUB](https://holderbook.com/stocks/IDUB/) | $78.0M | 2,835,784 | 7.3% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $62.2M | 83,112 | 5.8% | 11 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $60.5M | 1,200,466 | 5.6% | 11 |
| OPUS SMALL CAP VALUE | [OSCV](https://holderbook.com/stocks/OSCV/) | $51.7M | 1,226,076 | 4.8% | 11 |
| APTUS DRAWDOWN MANAGED | [ADME](https://holderbook.com/stocks/ADME/) | $49.9M | 896,328 | 4.6% | 11 |
| ETF SER SOLUTIONS | [DUBS](https://holderbook.com/stocks/DUBS/) | $43.0M | 1,032,196 | 4.0% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [FTSM](https://holderbook.com/stocks/FTSM/) | $42.1M | 702,252 | 3.9% | 4 |
| APTUS ENHANCED YIELD | [JUCY](https://holderbook.com/stocks/JUCY/) | $40.6M | 1,847,078 | 3.8% | 10 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $26.1M | 503,858 | 2.4% | 11 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $22.4M | 43,504 | 2.1% | 9 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $16.2M | 56,114 | 1.5% | 11 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.1M | 80,376 | 1.5% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $15.0M | 40,244 | 1.4% | 11 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $13.7M | 41,938 | 1.3% | 11 |
| OCULAR THERAPEUTIX INC | [OCUL](https://holderbook.com/stocks/OCUL/) | $12.5M | 1,277,280 | 1.2% | 9 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $11.4M | 47,634 | 1.1% | 11 |
| WISDOMTREE TR | [USFR](https://holderbook.com/stocks/USFR/) | $11.2M | 222,874 | 1.0% | 4 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $11.1M | 81,460 | 1.0% | 11 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $9.7M | 85,606 | 0.9% | 11 |
| BNY MELLON ETF TRUST | [BKAG](https://holderbook.com/stocks/BKAG/) | $8.9M | 213,180 | 0.8% | 11 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $8.6M | 11,946 | 0.8% | 8 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $8.6M | 40,312 | 0.8% | 11 |
| GALAXY DIGITAL INC. | [GLXY](https://holderbook.com/stocks/GLXY/) | $8.4M | 308,536 | 0.8% | 2 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $7.8M | 22,800 | 0.7% | 11 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $7.5M | 42,794 | 0.7% | 11 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $7.5M | 19,874 | 0.7% | 11 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $7.4M | 44,414 | 0.7% | 11 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $7.3M | 41,126 | 0.7% | 3 |
| MARA HOLDINGS INC | [MARA](https://holderbook.com/stocks/MARA/) | $7.2M | 516,450 | 0.7% | 9 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $7.1M | 32,652 | 0.7% | 11 |
| CHEMED CORP NEW | [CHE](https://holderbook.com/stocks/CHE/) | $7.0M | 15,112 | 0.7% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $6.4M | 18,264 | 0.6% | 11 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $6.2M | 37,260 | 0.6% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $6.1M | 61,122 | 0.6% | 5 |
| COPART INC | [CPRT](https://holderbook.com/stocks/CPRT/) | $5.8M | 207,382 | 0.5% | 11 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $5.8M | 19,224 | 0.5% | 2 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.4M | 7,842 | 0.5% | 11 |
| Aptus Large Cap Upside ETF | [UPSD](https://holderbook.com/stocks/UPSD/) | $5.2M | 185,734 | 0.5% | 5 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $4.6M | 60,010 | 0.4% | 6 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $4.6M | 30,840 | 0.4% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $4.5M | 9,058 | 0.4% | 10 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.5M | 43,088 | 0.4% | 6 |
| J P MORGAN EXCHANGE TRADED F | [JMST](https://holderbook.com/stocks/JMST/) | $4.5M | 87,308 | 0.4% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $4.0M | 6,874 | 0.4% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $3.7M | 8,836 | 0.3% | 11 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $3.6M | 10,184 | 0.3% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.6M | 4,838 | 0.3% | 11 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.4M | 4,526 | 0.3% | 6 |
| ETF SER SOLUTIONS | [DEFR](https://holderbook.com/stocks/DEFR/) | $2.9M | 107,418 | 0.3% | 5 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.1M | 1,944 | 0.2% | 5 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.1M | 21,508 | 0.2% | 11 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $2.1M | 14,684 | 0.2% | 4 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $2.0M | 7,938 | 0.2% | 11 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $2.0M | 13,412 | 0.2% | 11 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.9M | 28,136 | 0.2% | 11 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $1.9M | 37,252 | 0.2% | 7 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 19,426 | 0.1% | 11 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $1.6M | 7,180 | 0.1% | 11 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.6M | 2,794 | 0.1% | 11 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $1.5M | 1,936 | 0.1% | 10 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.5M | 17,000 | 0.1% | 7 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $1.4M | 11,068 | 0.1% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $1.4M | 6,016 | 0.1% | 7 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $1.4M | 1,904 | 0.1% | 3 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $1.3M | 420 | 0.1% | 11 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.3M | 8,682 | 0.1% | 9 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $1.3M | 12,042 | 0.1% | 10 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.2M | 21,602 | 0.1% | 6 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $1.2M | 57,320 | 0.1% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.2M | 3,182 | 0.1% | 11 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.2M | 20,148 | 0.1% | 11 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $1.2M | 60,532 | 0.1% | 11 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $1.2M | 6,830 | 0.1% | 10 |
| FIRST TR EXCHANGE TRADED FD | [FPX](https://holderbook.com/stocks/FPX/) | $1.1M | 5,498 | 0.1% | 2 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.1M | 2,250 | 0.1% | 4 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.1M | 9,314 | 0.1% | 11 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.1M | 900 | 0.1% | 3 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $1.1M | 14,514 | 0.1% | 9 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.1M | 9,020 | 0.1% | 7 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $1.1M | 32,864 | 0.1% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $967.2K | 5,076 | 0.1% | 11 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $965.3K | 5,088 | 0.1% | 6 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $963.2K | 6,882 | 0.1% | 7 |
| HANCOCK JOHN PREM DIVID FD | [PDT](https://holderbook.com/stocks/PDT/) | $962.8K | 74,346 | 0.1% | 11 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $920.0K | 1,772 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $902.2K | 2,438 | 0.1% | 1 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $890.8K | 28,092 | 0.1% | 7 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $885.8K | 2,132 | 0.1% | 11 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $875.4K | 9,548 | 0.1% | 10 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $873.4K | 3,106 | 0.1% | 10 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $867.9K | 2,322 | 0.1% | 6 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $860.5K | 1,738 | 0.1% | 1 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $840.3K | 2,464 | 0.1% | 4 |
| BP PLC | [BP](https://holderbook.com/stocks/BP/) | $834.4K | 22,580 | 0.1% | 11 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $827.6K | 2,600 | 0.1% | 11 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $825.3K | 1,680 | 0.1% | 6 |
| ISHARES TR | [IGRO](https://holderbook.com/stocks/IGRO/) | $780.2K | 8,874 | 0.1% | 11 |
| ISHARES TR | [IDEV](https://holderbook.com/stocks/IDEV/) | $746.8K | 8,390 | 0.1% | 11 |

## 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 | +11.2% | +14.8% | -3.7% | 93% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | -1.3% | +2.4% | -3.7% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.2% | 100% |
| Q2 2025 | +7.5% | +10.5% | -3.0% | 100% |
| Q1 2025 | -2.3% | -4.6% | +2.2% | 100% |
| Q4 2024 | +0.8% | +2.1% | -1.4% | 100% |
| Q3 2024 | +5.6% | +5.4% | +0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.1B | 176 |
| Q1 2026 | $528.0M | 185 |
| Q4 2025 | $486.6M | 166 |
| Q3 2025 | $483.1M | 160 |
| Q2 2025 | $430.4M | 149 |
| Q1 2025 | $388.1M | 145 |
| Q4 2024 | $370.9M | 131 |
| Q3 2024 | $366.9M | 136 |
| Q2 2024 | $326.9M | 115 |
| Q1 2024 | $308.3M | 114 |
| Q4 2023 | $249.9M | 102 |