Second Line Capital

METAIRIE, LAfiles as Second Line Capital, LLC

$537m in 173 US stocks at the end of 30 June 2026. The top 10 are 59.0% of the money. It changed about 8.7% of the portfolio this quarter.

Value

$537m

Stocks

173

Top 10 share

59.0%

Turnover

8.7%

What changed this quarter

New

Bought for the first time this quarter.

Vanguard Index FDSVTI
<0.1% of the fund
Rockwell AutomationROK
<0.1% of the fund
Franklin Templeton ETF TRUSPX
<0.1% of the fund
Williams SonomaWSM
<0.1% of the fund
ASML Holding NVASML
<0.1% of the fund
Vanguard Index FDSVUG
<0.1% of the fund
Neos ETF TrustSPYI
<0.1% of the fund
PolarisPII
<0.1% of the fund
S&P Global
<0.1% of the fund
Aptera MotorsSEV
<0.1% of the fund

Added

Bought more of a stock they already held.

ETF SER SolutionsACIO
11.1% of the fund
+2%
ETF SER SolutionsDRSK
8.0% of the fund
+2%
ETF SER SolutionsIDUB
7.3% of the fund
+2%
State STR Spdr S&P 500 ETF TSPY
5.8% of the fund
+4%
Spdr Index SHS FDSSPDW
5.6% of the fund
+3%
ETF SER SolutionsOSCV
4.8% of the fund
+3%
ETF SER SolutionsADME
4.6% of the fund
+2%
ETF SER SolutionsDUBS
4.0% of the fund
+4%
First TR Exchange-Traded FDFTSM
3.9% of the fund
+1588%
ETF SER SolutionsJUCY
3.8% of the fund
+3%
Spdr Index SHS FDSSPEM
2.4% of the fund
+3%
MicrosoftMSFT
1.4% of the fund
+5%
Ocular TherapeutixOCUL
1.2% of the fund
+21%
Wisdomtree TRUSFR
1.0% of the fund
+2%
BNY Mellon ETF TrustBKAG
0.8% of the fund
+2%
Invesco Exchange Traded FD TRSP
0.8% of the fund
+5%
VisaV
0.7% of the fund
+5%
BroadcomAVGO
0.7% of the fund
+239%
AmphenolAPH
0.7% of the fund
+6%
ProgressivePGR
0.7% of the fund
+17%
ChemedCHE
0.7% of the fund
+6%
Home DepotHD
0.6% of the fund
+5%
American TowerAMT
0.6% of the fund
+16%
ServiceNowNOW
0.6% of the fund
+60%
CopartCPRT
0.5% of the fund
+43%

Cut

Sold some of their stake.

NvidiaNVDA
1.5% of the fund
-17%
JPMorgan ChaseJPM
1.3% of the fund
-3%
Amazon.comAMZN
1.1% of the fund
-4%
Quanta ServicesPWR
0.8% of the fund
-31%
Diamondback EnergyFANG
0.7% of the fund
-11%
ChevronCVX
0.7% of the fund
-6%
MARA HoldingsMARA
0.7% of the fund
-2%
Ishares TREFA
0.4% of the fund
-2%
TeslaTSLA
0.3% of the fund
-60%
Invesco QQQ TRQQQ
0.3% of the fund
-7%
Ishares TRIVV
0.3% of the fund
-5%
CaterpillarCAT
0.2% of the fund
-6%
Southern CompanySO
0.2% of the fund
-6%
IntelINTC
0.2% of the fund
-32%
Johnson & JohnsonJNJ
0.2% of the fund
-6%
Procter & GamblePG
0.2% of the fund
-12%
J P Morgan Exchange Traded FJPST
0.2% of the fund
-4%
Meta PlatformsMETA
0.1% of the fund
-82%
CrowdStrike HoldingsCRWD
0.1% of the fund
-15%
MerckMRK
0.1% of the fund
-6%
AutozoneAZO
0.1% of the fund
-22%
OracleORCL
0.1% of the fund
-26%
ConocoPhillipsCOP
0.1% of the fund
-6%
Bank of AmericaBAC
0.1% of the fund
-4%
Vertex PharmaceuticalsVRTX
0.1% of the fund
-5%

Sold out

Sold their entire stake.

CoreWeaveCRWV
-100%
Credo Technology Group HoldingCRDO
-100%
Applied DigitalAPLD
-100%
Freeport-McMoRanFCX
-100%
Churchill DownsCHDN
-100%
Vanguard Scottsdale FDSVONG
-100%
Cheniere EnergyLNG
-100%
Vanguard Scottsdale FDSVONV
-100%
Vanguard Index FDSVO
-100%
Morgan StanleyMS
-100%
Honeywell InternationalHON
-100%
Palantir TechnologiesPLTR
-100%
Select Sector Spdr TRXLU
-100%
USA Rare EarthUSAR
-100%
Kinsale Capital GroupKNSL
-100%
S&P GlobalSPGI
-100%
MP MaterialsMP
-100%
ShellSHEL
-100%
United RentalsURI
-100%
Spdr Series TrustSPIB
-100%
Ishares TRUSIG
-100%
Listed FDS TRINFL
-100%

Holdings

ETF SER SolutionsACIO
Share
11.1%
Value
$60m
Shares
1,292,312
+2%
ETF SER SolutionsDRSK
Share
8.0%
Value
$43m
Shares
1,495,309
+2%
ETF SER SolutionsIDUB
Share
7.3%
Value
$39m
Shares
1,417,892
+2%
State STR Spdr S&P 500 ETF TSPY
Share
5.8%
Value
$31m
Shares
41,556
+4%
Spdr Index SHS FDSSPDW
Share
5.6%
Value
$30m
Shares
600,233
+3%
ETF SER SolutionsOSCV
Share
4.8%
Value
$26m
Shares
613,038
+3%
ETF SER SolutionsADME
Share
4.6%
Value
$25m
Shares
448,164
+2%
ETF SER SolutionsDUBS
Share
4.0%
Value
$21m
Shares
516,098
+4%
First TR Exchange-Traded FDFTSM
Share
3.9%
Value
$21m
Shares
351,126
+1588%
ETF SER SolutionsJUCY
Share
3.8%
Value
$20m
Shares
923,539
+3%
Spdr Index SHS FDSSPEM
Share
2.4%
Value
$13m
Shares
251,929
+3%
AppLovinAPP
Share
2.1%
Value
$11m
Shares
21,752
Held
AppleAAPL
Share
1.5%
Value
$8m
Shares
28,057
Held
NvidiaNVDA
Share
1.5%
Value
$8m
Shares
40,188
-17%
MicrosoftMSFT
Share
1.4%
Value
$8m
Shares
20,122
+5%
JPMorgan ChaseJPM
Share
1.3%
Value
$7m
Shares
20,969
-3%
Ocular TherapeutixOCUL
Share
1.2%
Value
$6m
Shares
638,640
+21%
Amazon.comAMZN
Share
1.1%
Value
$6m
Shares
23,817
-4%
Wisdomtree TRUSFR
Share
1.0%
Value
$6m
Shares
111,437
+2%
ExxonMobil HoldingsXOM
Share
1.0%
Value
$6m
Shares
40,730
Held
WalmartWMT
Share
0.9%
Value
$5m
Shares
42,803
Held
BNY Mellon ETF TrustBKAG
Share
0.8%
Value
$4m
Shares
106,590
+2%
Quanta ServicesPWR
Share
0.8%
Value
$4m
Shares
5,973
-31%
Invesco Exchange Traded FD TRSP
Share
0.8%
Value
$4m
Shares
20,156
+5%
Galaxy DigitalGLXY
Share
0.8%
Value
$4m
Shares
154,268
Held
VisaV
Share
0.7%
Value
$4m
Shares
11,400
+5%
Diamondback EnergyFANG
Share
0.7%
Value
$4m
Shares
21,397
-11%
BroadcomAVGO
Share
0.7%
Value
$4m
Shares
9,937
+239%
ChevronCVX
Share
0.7%
Value
$4m
Shares
22,207
-6%
AmphenolAPH
Share
0.7%
Value
$4m
Shares
20,563
+6%
MARA HoldingsMARA
Share
0.7%
Value
$4m
Shares
258,225
-2%
ProgressivePGR
Share
0.7%
Value
$4m
Shares
16,326
+17%
ChemedCHE
Share
0.7%
Value
$4m
Shares
7,556
+6%
Home DepotHD
Share
0.6%
Value
$3m
Shares
9,132
+5%
American TowerAMT
Share
0.6%
Value
$3m
Shares
18,630
+16%
ServiceNowNOW
Share
0.6%
Value
$3m
Shares
30,561
+60%
CopartCPRT
Share
0.5%
Value
$3m
Shares
103,691
+43%
Invesco Exch Traded FD TR IIQQQM
Share
0.5%
Value
$3m
Shares
9,612
+3%
Vanguard Index FDSVOO
Share
0.5%
Value
$3m
Shares
3,921
+16%
Aptus Large Cap Upside ETFUPSD
Share
0.5%
Value
$3m
Shares
92,867
Held
Ishares TRIJH
Share
0.4%
Value
$2m
Shares
30,005
+3%
Ishares TRIJR
Share
0.4%
Value
$2m
Shares
15,420
Held
Berkshire HathawayBRK-B
Share
0.4%
Value
$2m
Shares
4,529
Held
Ishares TREFA
Share
0.4%
Value
$2m
Shares
21,544
-2%
J P Morgan Exchange Traded FJMST
Share
0.4%
Value
$2m
Shares
43,654
Held
Advanced Micro DevicesAMD
Share
0.4%
Value
$2m
Shares
3,437
Held
TeslaTSLA
Share
0.3%
Value
$2m
Shares
4,418
-60%
AlphabetGOOGL
Share
0.3%
Value
$2m
Shares
5,092
Held
Invesco QQQ TRQQQ
Share
0.3%
Value
$2m
Shares
2,419
-7%
Ishares TRIVV
Share
0.3%
Value
$2m
Shares
2,263
-5%
ETF SER SolutionsDEFR
Share
0.3%
Value
$1m
Shares
53,709
+2%
CaterpillarCAT
Share
0.2%
Value
$1m
Shares
972
-6%
Southern CompanySO
Share
0.2%
Value
$1m
Shares
10,754
-6%
IntelINTC
Share
0.2%
Value
$1m
Shares
7,342
-32%
Johnson & JohnsonJNJ
Share
0.2%
Value
$1m
Shares
3,969
-6%
Procter & GamblePG
Share
0.2%
Value
$983,319
Shares
6,706
-12%
Spdr Series TrustSPMD
Share
0.2%
Value
$950,411
Shares
14,068
Held
J P Morgan Exchange Traded FJPST
Share
0.2%
Value
$941,931
Shares
18,626
-4%
Coca-ColaKO
Share
0.1%
Value
$794,546
Shares
9,713
+18%
Lowe's CompaniesLOW
Share
0.1%
Value
$791,554
Shares
3,590
+43%
Meta PlatformsMETA
Share
0.1%
Value
$786,929
Shares
1,397
-82%
CrowdStrike HoldingsCRWD
Share
0.1%
Value
$738,720
Shares
968
-15%
Vanguard Star FDSVXUS
Share
0.1%
Value
$726,665
Shares
8,500
Held
MerckMRK
Share
0.1%
Value
$715,832
Shares
5,534
-6%
Vanguard Specialized FundsVIG
Share
0.1%
Value
$711,845
Shares
3,008
+3%
Applied MaterialsAMAT
Share
0.1%
Value
$688,296
Shares
952
Held
AutozoneAZO
Share
0.1%
Value
$671,147
Shares
210
-22%
OracleORCL
Share
0.1%
Value
$636,174
Shares
4,341
-26%
ConocoPhillipsCOP
Share
0.1%
Value
$625,907
Shares
6,021
-6%
Bank of AmericaBAC
Share
0.1%
Value
$615,459
Shares
10,801
-4%
AT&TT
Share
0.1%
Value
$593,270
Shares
28,660
Held
Spdr Gold TRGLD
Share
0.1%
Value
$586,093
Shares
1,591
+14%
Spdr Series TrustSPSM
Share
0.1%
Value
$580,939
Shares
10,074
Held
Energy Transfer L PET
Share
0.1%
Value
$578,686
Shares
30,266
Held
Phillips 66PSX
Share
0.1%
Value
$577,306
Shares
3,415
Held
First TR Exchange-Traded FDFPX
Share
0.1%
Value
$566,763
Shares
2,749
Held
Vertex PharmaceuticalsVRTX
Share
0.1%
Value
$558,821
Shares
1,125
-5%
Vanguard World FDVGT
Share
0.1%
Value
$556,605
Shares
4,657
Held
Eli LillyLLY
Share
0.1%
Value
$539,957
Shares
450
-6%
Altria GroupMO
Share
<0.1%
Value
$529,848
Shares
7,257
-4%
Cisco SystemsCSCO
Share
<0.1%
Value
$529,739
Shares
4,510
-55%
Kinder MorganKMI
Share
<0.1%
Value
$525,323
Shares
16,432
Held
Select Sector Spdr TRXLK
Share
<0.1%
Value
$483,621
Shares
2,538
+6%
RTXRTX
Share
<0.1%
Value
$482,654
Shares
2,544
Held
CitigroupC
Share
<0.1%
Value
$481,589
Shares
3,441
Held
John Hancock Premium Dividend FundPDT
Share
<0.1%
Value
$481,396
Shares
37,173
Held
LindeLIN
Share
<0.1%
Value
$460,011
Shares
886
-5%
Vanguard Index FDSVTI
Share
<0.1%
Value
$451,079
Shares
1,219
New
Schwab Strategic TRSCHD
Share
<0.1%
Value
$445,399
Shares
14,046
Held
UnitedHealth GroupUNH
Share
<0.1%
Value
$442,897
Shares
1,066
-3%
Colgate-PalmoliveCL
Share
<0.1%
Value
$437,680
Shares
4,774
Held
International Business MachinesIBM
Share
<0.1%
Value
$436,719
Shares
1,553
-41%
General ElectricGE
Share
<0.1%
Value
$433,941
Shares
1,161
Held
Rockwell AutomationROK
Share
<0.1%
Value
$430,225
Shares
869
New
Palo Alto NetworksPANW
Share
<0.1%
Value
$420,137
Shares
1,232
Held
BPBP
Share
<0.1%
Value
$417,183
Shares
11,290
-47%
Public StoragePSA
Share
<0.1%
Value
$413,803
Shares
1,300
+30%
Trane TechnologiesTT
Share
<0.1%
Value
$412,657
Shares
840
-6%
Ishares TRIGRO
Share
<0.1%
Value
$390,108
Shares
4,437
Held
Ishares TRIDEV
Share
<0.1%
Value
$373,411
Shares
4,195
Held

Company	Share of fund	Value	Shares	Change
ETF SER SolutionsACIO	11.1%	$60m	1,292,312	+2%
ETF SER SolutionsDRSK	8.0%	$43m	1,495,309	+2%
ETF SER SolutionsIDUB	7.3%	$39m	1,417,892	+2%
State STR Spdr S&P 500 ETF TSPY	5.8%	$31m	41,556	+4%
Spdr Index SHS FDSSPDW	5.6%	$30m	600,233	+3%
ETF SER SolutionsOSCV	4.8%	$26m	613,038	+3%
ETF SER SolutionsADME	4.6%	$25m	448,164	+2%
ETF SER SolutionsDUBS	4.0%	$21m	516,098	+4%
First TR Exchange-Traded FDFTSM	3.9%	$21m	351,126	+1588%
ETF SER SolutionsJUCY	3.8%	$20m	923,539	+3%
Spdr Index SHS FDSSPEM	2.4%	$13m	251,929	+3%
AppLovinAPP	2.1%	$11m	21,752	Held
AppleAAPL	1.5%	$8m	28,057	Held
NvidiaNVDA	1.5%	$8m	40,188	-17%
MicrosoftMSFT	1.4%	$8m	20,122	+5%
JPMorgan ChaseJPM	1.3%	$7m	20,969	-3%
Ocular TherapeutixOCUL	1.2%	$6m	638,640	+21%
Amazon.comAMZN	1.1%	$6m	23,817	-4%
Wisdomtree TRUSFR	1.0%	$6m	111,437	+2%
ExxonMobil HoldingsXOM	1.0%	$6m	40,730	Held
WalmartWMT	0.9%	$5m	42,803	Held
BNY Mellon ETF TrustBKAG	0.8%	$4m	106,590	+2%
Quanta ServicesPWR	0.8%	$4m	5,973	-31%
Invesco Exchange Traded FD TRSP	0.8%	$4m	20,156	+5%
Galaxy DigitalGLXY	0.8%	$4m	154,268	Held
VisaV	0.7%	$4m	11,400	+5%
Diamondback EnergyFANG	0.7%	$4m	21,397	-11%
BroadcomAVGO	0.7%	$4m	9,937	+239%
ChevronCVX	0.7%	$4m	22,207	-6%
AmphenolAPH	0.7%	$4m	20,563	+6%
MARA HoldingsMARA	0.7%	$4m	258,225	-2%
ProgressivePGR	0.7%	$4m	16,326	+17%
ChemedCHE	0.7%	$4m	7,556	+6%
Home DepotHD	0.6%	$3m	9,132	+5%
American TowerAMT	0.6%	$3m	18,630	+16%
ServiceNowNOW	0.6%	$3m	30,561	+60%
CopartCPRT	0.5%	$3m	103,691	+43%
Invesco Exch Traded FD TR IIQQQM	0.5%	$3m	9,612	+3%
Vanguard Index FDSVOO	0.5%	$3m	3,921	+16%
Aptus Large Cap Upside ETFUPSD	0.5%	$3m	92,867	Held
Ishares TRIJH	0.4%	$2m	30,005	+3%
Ishares TRIJR	0.4%	$2m	15,420	Held
Berkshire HathawayBRK-B	0.4%	$2m	4,529	Held
Ishares TREFA	0.4%	$2m	21,544	-2%
J P Morgan Exchange Traded FJMST	0.4%	$2m	43,654	Held
Advanced Micro DevicesAMD	0.4%	$2m	3,437	Held
TeslaTSLA	0.3%	$2m	4,418	-60%
AlphabetGOOGL	0.3%	$2m	5,092	Held
Invesco QQQ TRQQQ	0.3%	$2m	2,419	-7%
Ishares TRIVV	0.3%	$2m	2,263	-5%
ETF SER SolutionsDEFR	0.3%	$1m	53,709	+2%
CaterpillarCAT	0.2%	$1m	972	-6%
Southern CompanySO	0.2%	$1m	10,754	-6%
IntelINTC	0.2%	$1m	7,342	-32%
Johnson & JohnsonJNJ	0.2%	$1m	3,969	-6%
Procter & GamblePG	0.2%	$983,319	6,706	-12%
Spdr Series TrustSPMD	0.2%	$950,411	14,068	Held
J P Morgan Exchange Traded FJPST	0.2%	$941,931	18,626	-4%
Coca-ColaKO	0.1%	$794,546	9,713	+18%
Lowe's CompaniesLOW	0.1%	$791,554	3,590	+43%
Meta PlatformsMETA	0.1%	$786,929	1,397	-82%
CrowdStrike HoldingsCRWD	0.1%	$738,720	968	-15%
Vanguard Star FDSVXUS	0.1%	$726,665	8,500	Held
MerckMRK	0.1%	$715,832	5,534	-6%
Vanguard Specialized FundsVIG	0.1%	$711,845	3,008	+3%
Applied MaterialsAMAT	0.1%	$688,296	952	Held
AutozoneAZO	0.1%	$671,147	210	-22%
OracleORCL	0.1%	$636,174	4,341	-26%
ConocoPhillipsCOP	0.1%	$625,907	6,021	-6%
Bank of AmericaBAC	0.1%	$615,459	10,801	-4%
AT&TT	0.1%	$593,270	28,660	Held
Spdr Gold TRGLD	0.1%	$586,093	1,591	+14%
Spdr Series TrustSPSM	0.1%	$580,939	10,074	Held
Energy Transfer L PET	0.1%	$578,686	30,266	Held
Phillips 66PSX	0.1%	$577,306	3,415	Held
First TR Exchange-Traded FDFPX	0.1%	$566,763	2,749	Held
Vertex PharmaceuticalsVRTX	0.1%	$558,821	1,125	-5%
Vanguard World FDVGT	0.1%	$556,605	4,657	Held
Eli LillyLLY	0.1%	$539,957	450	-6%
Altria GroupMO	<0.1%	$529,848	7,257	-4%
Cisco SystemsCSCO	<0.1%	$529,739	4,510	-55%
Kinder MorganKMI	<0.1%	$525,323	16,432	Held
Select Sector Spdr TRXLK	<0.1%	$483,621	2,538	+6%
RTXRTX	<0.1%	$482,654	2,544	Held
CitigroupC	<0.1%	$481,589	3,441	Held
John Hancock Premium Dividend FundPDT	<0.1%	$481,396	37,173	Held
LindeLIN	<0.1%	$460,011	886	-5%
Vanguard Index FDSVTI	<0.1%	$451,079	1,219	New
Schwab Strategic TRSCHD	<0.1%	$445,399	14,046	Held
UnitedHealth GroupUNH	<0.1%	$442,897	1,066	-3%
Colgate-PalmoliveCL	<0.1%	$437,680	4,774	Held
International Business MachinesIBM	<0.1%	$436,719	1,553	-41%
General ElectricGE	<0.1%	$433,941	1,161	Held
Rockwell AutomationROK	<0.1%	$430,225	869	New
Palo Alto NetworksPANW	<0.1%	$420,137	1,232	Held
BPBP	<0.1%	$417,183	11,290	-47%
Public StoragePSA	<0.1%	$413,803	1,300	+30%
Trane TechnologiesTT	<0.1%	$412,657	840	-6%
Ishares TRIGRO	<0.1%	$390,108	4,437	Held
Ishares TRIDEV	<0.1%	$373,411	4,195	Held

Showing the largest 100 of 173.

Options (3)

Antero Resources
Type
Put
Value
$13,750
Contracts
100
Microsoft
Type
Put
Value
$7,943
Contracts
9
Apple
Type
Put
Value
$7,183
Contracts
17

Company	Type	Value	Contracts
Antero Resources	Put	$13,750	100
Microsoft	Put	$7,943	9
Apple	Put	$7,183	17

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 24.8% since 30 June 2025.

Where the money is

Technology7.8%

Financial services4.9%

Energy3.1%

Media & telecom3.0%

Health care2.7%

Retail & consumer2.5%

Industrials2.2%

Everyday goods1.5%

Real estate0.7%

Utilities0.4%

Materials0.1%

Other71.3%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.