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Second Line Capital, LLC

Q3 2025 · Filed 2025-11-19
Market Value
$478M
+12.2%
Holdings
163
+8
New Purchases
17
Added To
64
Closed
9
Reduced
55
Top 10 Concentration
54.1%
Turnover
16.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FTSM 1.51% 0.00% +1.51% $7M
CRWV 1.12% 0.00% +1.12% $5M
USFR 0.92% 0.00% +0.92% $4M
APP 3.13% 2.23% +0.90% $15M
CRDO 0.90% 0.00% +0.90% $4M
VRT 0.76% 0.00% +0.76% $4M
NOW 0.64% 0.09% +0.55% $3M
TSLA 0.99% 0.65% +0.34% $5M
NVDA 1.83% 1.61% +0.23% $9M
OCUL 0.98% 0.84% +0.14% $5M
AAPL 1.43% 1.30% +0.13% $7M
FANG 0.76% 0.67% +0.09% $4M
VRTX 0.09% 0.00% +0.09% $437K
NTLA 0.23% 0.14% +0.09% $1M
MARA 0.95% 0.87% +0.08% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CLS 0.00% 0.87% -0.87% $0
DRSK 7.80% 8.49% -0.69% $37M
META 1.10% 1.80% -0.69% $5M
ACIO 11.10% 11.75% -0.64% $53M
AMD 0.08% 0.68% -0.60% $380K
DECK 0.00% 0.46% -0.46% $0
UNH 0.07% 0.46% -0.39% $343K
SPDW 5.22% 5.51% -0.29% $25M
IDUB 6.47% 6.71% -0.24% $31M
JUCY 3.78% 4.01% -0.24% $18M
AMT 0.64% 0.87% -0.23% $3M
ADME 4.59% 4.81% -0.23% $22M
MSFT 1.89% 2.06% -0.17% $9M
ROP 0.64% 0.81% -0.17% $3M
OSCV 4.52% 4.68% -0.16% $22M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 44 $111M 23.2%
Large Cap 87 $144M 30.0%
Mid Cap 15 $75M 15.6%
Small Cap 15 $109M 22.8%
Micro Cap 2 $40M 8.4%

Portfolio Analytics

Avg Market Cap
$312.3B
Median Market Cap
$90.0B
Avg P/E
37.5
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.99
# Stocks
108
# ETFs / Funds
55

Top Holdings (163 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ACIO 11.10% 1,223,225 $53M $43.43 $3M +13,205 +1.1%
2 DRSK 7.80% 1,293,643 $37M $28.83 $1M +33,772 +2.7%
3 IDUB 6.47% 1,314,211 $31M $23.55 $2M +28,395 +2.2%
4 SPDW 5.22% 583,398 $25M $42.79 $1M +3,349 +0.6%
5 ADME 4.59% 429,923 $22M $51.06 $1M +3,857 +0.9%
6 SPY 4.53% 32,469 $22M $668.00 $2M +200 +0.6%
7 OSCV 4.52% 565,417 $22M $38.23 $2M +12,520 +2.3%
8 JUCY 3.78% 810,496 $18M $22.28 $941K +40,317 +5.2%
9 APP 3.13% 20,813 $15M $718.54 $5M -6,333 -23.3%
10 RSP 2.93% 73,936 $14M $189.70 $833K +1,348 +1.9%
11 DUBS 2.36% 308,587 $11M $36.55 $953K +3,106 +1.0%
12 SPEM 2.30% 235,333 $11M $46.81 $1M +1,312 +0.6%
13 MSFT 1.89% 17,421 $9M $517.94 $241K -235 -1.3%
14 NVDA 1.83% 46,973 $9M $186.59 $2M +3,623 +8.4%
15 FTSM 1.51% 120,501 $7M $60.12 +120,501 NEW
16 JPM 1.49% 22,537 $7M $315.43 $560K -54 -0.2%
17 AAPL 1.43% 26,962 $7M $254.63 $1M -137 -0.5%
18 AMZN 1.16% 25,359 $6M $219.57 $538K +2,430 +10.6%
19 CRWV 1.12% 39,218 $5M $136.85 +39,218 NEW
20 META 1.10% 7,197 $5M $734.43 -$2M -3,192 -30.7%
21 XOM 1.02% 43,433 $5M $112.75 $102K -1,052 -2.4%
22 TSLA 0.99% 10,649 $5M $444.72 $2M +1,923 +22.0%
23 OCUL 0.98% 402,467 $5M $11.69 $1M +17,000 +4.4%
24 MARA 0.95% 248,996 $5M $18.26 $827K +11,747 +5.0%
25 WMT 0.94% 43,826 $5M $103.06 $240K +86 +0.2%
26 USFR 0.92% 87,944 $4M $50.27 +87,944 NEW
27 CRDO 0.90% 29,413 $4M $145.61 +29,413 NEW
28 BKAG 0.82% 91,816 $4M $42.60 $128K +2,123 +2.4%
29 MRVL 0.81% 46,304 $4M $84.07 $363K +700 +1.5%
30 PWR 0.81% 9,380 $4M $414.43 $75K -702 -7.0%
31 HD 0.79% 9,349 $4M $405.17 $403K +117 +1.3%
32 V 0.78% 11,000 $4M $341.39 -$103K +134 +1.2%
33 CVX 0.77% 23,628 $4M $155.29 $232K -378 -1.6%
34 VRT 0.76% 24,118 $4M $150.86 +24,118 NEW
35 FANG 0.76% 25,405 $4M $143.10 $793K +4,714 +22.8%
36 BR 0.72% 14,487 $3M $239.14 -$19K +203 +1.4%
37 PGR 0.70% 13,655 $3M $246.95 -$150K +458 +3.5%
38 CHE 0.66% 7,090 $3M $447.74 $212K +1,006 +16.5%
39 CPRT 0.65% 69,572 $3M $44.97 $237K +10,641 +18.1%
40 AMT 0.64% 15,806 $3M $194.02 -$637K -824 -5.0%
41 ROP 0.64% 6,132 $3M $498.66 -$388K +53 +0.9%
42 NOW 0.64% 3,315 $3M $920.28 $3M +2,954 +818.3%
43 VOO 0.54% 4,185 $3M $614.19 $190K +7 +0.2%
44 IJR 0.47% 18,834 $2M $118.83 $113K -610 -3.1%
45 IJH 0.46% 33,925 $2M $65.26 $88K -348 -1.0%
46 EFA 0.41% 20,794 $2M $93.37 $81K -21 -0.1%
47 BRK-B 0.40% 3,803 $2M $502.74 $94K +61 +1.6%
48 IVV 0.37% 2,619 $2M $669.21 $92K -56 -2.1%
49 QQQ 0.31% 2,464 $1M $600.97 $437K +573 +30.3%
50 ARCC 0.29% 67,008 $1M $20.41 $7K +5,066 +8.2%
51 ORCL 0.28% 4,779 $1M $281.24 $299K +1 +0.0%
52 LOW 0.25% 4,713 $1M $251.30 $147K +37 +0.8%
53 NTLA 0.23% 63,027 $1M $17.27 $497K
54 GOOGL 0.22% 4,417 $1M $243.10 $302K +37 +0.8%
55 SO 0.22% 10,977 $1M $94.77 $33K +3 +0.0%
56 PG 0.21% 6,389 $982K $153.65 -$68K -197 -3.0%
57 T 0.19% 31,776 $897K $28.24 -$159K -4,735 -13.0%
58 AVGO 0.18% 2,633 $869K $329.96 $167K +86 +3.4%
59 SPMD 0.18% 15,158 $867K $57.19 $11K -573 -3.6%
60 SCD 0.18% 53,700 $843K $15.69 -$283K -17,900 -25.0%
61 JNJ 0.16% 4,163 $772K $185.40 -$91K -1,485 -26.3%
62 AZO 0.14% 153 $656K $4,290.24 $100K +3 +2.0%
63 VXUS 0.13% 8,510 $625K $73.46 $30K -104 -1.2%
64 KO 0.13% 9,330 $624K $66.83 -$64K -321 -3.3%
65 VIG 0.13% 2,871 $622K $216.69 $32K
66 BAC 0.13% 11,896 $614K $51.59 $134K +1,761 +17.4%
67 PDT 0.12% 43,274 $577K $13.34 -$3K -797 -1.8%
68 COP 0.11% 5,749 $544K $94.59 $73K +503 +9.6%
69 CRWD 0.11% 1,096 $537K $490.38 $62K +162 +17.3%
70 ET 0.11% 30,962 $531K $17.16 $56K +4,725 +18.0%
71 VUG 0.11% 1,096 $525K $479.45 $45K +1 +0.1%
72 MO 0.11% 7,713 $518K $67.12 $62K +66 +0.9%
73 GLD 0.11% 1,438 $511K $355.47 $51K -71 -4.7%
74 MRK 0.10% 5,749 $487K $84.76 $1K -329 -5.4%
75 RTX 0.10% 2,873 $481K $167.31 $256K +1,331 +86.3%
76 SPSM 0.10% 10,311 $478K $46.32 $30K -193 -1.8%
77 TT 0.10% 1,086 $458K $422.00 -$2K +34 +3.2%
78 KMI 0.09% 15,900 $450K $28.31 -$23K -192 -1.2%
79 VGT 0.09% 590 $441K $746.63 $49K
80 CAT 0.09% 920 $439K $477.15 $225K +369 +67.0%
81 IBM 0.09% 1,548 $437K $282.16 -$8K +40 +2.6%
82 VRTX 0.09% 1,115 $437K $391.64 +1,115 NEW
83 PSX 0.09% 3,134 $426K $136.02 $52K
84 SCHD 0.09% 15,441 $422K $27.30 $187K +6,591 +74.5%
85 BP 0.09% 11,813 $407K $34.46 $25K -941 -7.4%
86 MCD 0.08% 1,288 $391K $303.89 $15K
87 CL 0.08% 4,770 $381K $79.94 -$52K
88 AMD 0.08% 2,351 $380K $161.79 -$3M -17,997 -88.5%
89 VZ 0.08% 8,490 $373K $43.95 -$27K -765 -8.3%
90 AR 0.08% 11,118 $373K $33.56 -$75K
91 VTI 0.08% 1,129 $372K $329.08 $27K
92 LGLV 0.08% 2,079 $370K $178.18 -$11K -107 -4.9%
93 IGRO 0.07% 4,316 $344K $79.66 -$14K -221 -4.9%
94 UNH 0.07% 994 $343K $345.30 -$2M -5,275 -84.1%
95 LIN 0.07% 719 $341K $474.93 $20K +34 +5.0%
96 GE 0.07% 1,133 $341K $301.21 -$12K -238 -17.4%
97 AIRR 0.07% 3,516 $340K $96.68 $54K
98 ABBV 0.07% 1,458 $338K $231.54 $7K -320 -18.0%
99 C 0.07% 3,280 $333K $101.50 $60K +79 +2.5%
100 PSA 0.07% 1,143 $330K $288.85 -$3K +9 +0.8%

New Positions

SymbolValue% Port
FTSM $7M 1.51%
CRWV $5M 1.12%
USFR $4M 0.92%
CRDO $4M 0.90%
VRT $4M 0.76%
VRTX $437K 0.09%
KNSL $307K 0.06%
NFLX $284K 0.06%
ANET $279K 0.06%
PANW $265K 0.06%
PLTR $246K 0.05%
DVN $228K 0.05%
IWM $221K 0.05%
DGRO $208K 0.04%
WSM $207K 0.04%

Sold Out Positions

SymbolValue% Port
ACN —%
DECK —%
WM —%
CLS —%
MSTR —%
HWC —%
POOL —%
CMCSA —%
INFL —%
View SEC EDGAR Filings for Second Line Capital, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms