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Second Line Capital, LLC

Q4 2025 · Filed 2026-02-17
Market Value
$482M
+0.8%
Holdings
171
+8
New Purchases
17
Added To
90
Closed
10
Reduced
40
Top 10 Concentration
55.1%
Turnover
15.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FTSM 2.91% 1.51% +1.39% $14M
APH 0.51% 0.00% +0.51% $2M
JMST 0.46% 0.00% +0.46% $2M
IDUB 6.84% 6.47% +0.38% $33M
OCUL 1.26% 0.98% +0.28% $6M
SPDW 5.45% 5.22% +0.24% $26M
ACIO 11.33% 11.10% +0.23% $55M
AAPL 1.59% 1.43% +0.15% $8M
LLY 0.11% 0.00% +0.11% $514K
DUBS 2.46% 2.36% +0.11% $12M
DRSK 7.90% 7.80% +0.11% $38M
USFR 1.01% 0.92% +0.09% $5M
SPY 4.62% 4.53% +0.09% $22M
RSP 3.02% 2.93% +0.09% $15M
WMT 1.03% 0.94% +0.08% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CRDO 0.00% 0.90% -0.90% $0
MRVL 0.00% 0.81% -0.81% $0
VRT 0.00% 0.76% -0.76% $0
ROP 0.08% 0.64% -0.56% $372K
MARA 0.46% 0.95% -0.49% $2M
ARCC 0.00% 0.29% -0.29% $0
NTLA 0.00% 0.23% -0.23% $0
SCD 0.00% 0.18% -0.18% $0
APP 2.96% 3.13% -0.16% $14M
CRWV 0.97% 1.12% -0.15% $5M
HD 0.66% 0.79% -0.13% $3M
ORCL 0.18% 0.28% -0.10% $871K
NOW 0.54% 0.64% -0.10% $3M
CPRT 0.58% 0.65% -0.07% $3M
META 1.04% 1.10% -0.07% $5M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $115M 23.8%
Large Cap 93 $132M 27.4%
Mid Cap 14 $82M 17.0%
Small Cap 14 $113M 23.3%
Micro Cap 3 $41M 8.5%

Portfolio Analytics

Avg Market Cap
$336.4B
Median Market Cap
$96.0B
Avg P/E
37.5
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.98
# Stocks
112
# ETFs / Funds
59

Top Holdings (171 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 ACIO 11.33% 1,251,085 $55M $43.71 $2M +27,860 +2.3%
2 DRSK 7.90% 1,338,657 $38M $28.47 $816K +45,014 +3.5%
3 IDUB 6.84% 1,357,122 $33M $24.33 $2M +42,911 +3.3%
4 SPDW 5.45% 592,352 $26M $44.41 $1M +8,954 +1.5%
5 ADME 4.66% 438,269 $22M $51.31 $534K +8,346 +1.9%
6 SPY 4.62% 32,602 $22M $683.91 $608K +133 +0.4%
7 OSCV 4.46% 581,039 $22M $37.03 -$100K +15,622 +2.8%
8 JUCY 3.80% 825,140 $18M $22.20 $256K +14,644 +1.8%
9 RSP 3.02% 75,984 $15M $191.56 $530K +2,048 +2.8%
10 APP 2.96% 21,225 $14M $673.82 -$653K +412 +2.0%
11 FTSM 2.91% 233,841 $14M $59.93 $7M +113,340 +94.1%
12 DUBS 2.46% 315,474 $12M $37.67 $605K +6,887 +2.2%
13 SPEM 2.31% 238,354 $11M $46.81 $141K +3,021 +1.3%
14 MSFT 1.84% 18,381 $9M $483.61 -$134K +960 +5.5%
15 NVDA 1.83% 47,395 $9M $186.50 $74K +422 +0.9%
16 AAPL 1.59% 28,137 $8M $271.86 $784K +1,175 +4.4%
17 JPM 1.51% 22,645 $7M $322.22 $188K +108 +0.5%
18 OCUL 1.26% 500,746 $6M $12.14 $1M +98,279 +24.4%
19 AMZN 1.24% 25,836 $6M $230.82 $395K +477 +1.9%
20 XOM 1.07% 43,063 $5M $120.34 $285K -370 -0.8%
21 META 1.04% 7,592 $5M $660.06 -$275K +395 +5.5%
22 WMT 1.03% 44,338 $5M $111.65 $433K +512 +1.2%
23 USFR 1.01% 97,198 $5M $50.32 $470K +9,254 +10.5%
24 TSLA 1.01% 10,874 $5M $449.72 $154K +225 +2.1%
25 CRWV 0.97% 65,456 $5M $71.61 -$680K +26,238 +66.9%
26 BKAG 0.84% 95,067 $4M $42.47 $126K +3,251 +3.5%
27 PWR 0.83% 9,488 $4M $422.07 $117K +108 +1.1%
28 V 0.82% 11,302 $4M $350.72 $208K +302 +2.8%
29 FANG 0.80% 25,702 $4M $150.33 $228K +297 +1.2%
30 CVX 0.74% 23,293 $4M $152.41 -$119K -335 -1.4%
31 BR 0.70% 14,979 $3M $224.14 -$107K +492 +3.4%
32 PGR 0.67% 14,241 $3M $227.71 -$129K +586 +4.3%
33 HD 0.66% 9,226 $3M $344.09 -$613K -123 -1.3%
34 CHE 0.64% 7,252 $3M $427.87 -$72K +162 +2.3%
35 AMT 0.60% 16,373 $3M $177.27 -$164K +567 +3.6%
36 CPRT 0.58% 71,825 $3M $39.15 -$317K +2,253 +3.2%
37 NOW 0.54% 17,086 $3M $153.19 -$433K +13,771 +415.4%
38 VOO 0.54% 4,129 $3M $627.12 $19K -56 -1.3%
39 APH 0.51% 18,247 $2M $135.39 +18,247 NEW
40 MARA 0.46% 248,887 $2M $8.98 -$2M -109 -0.0%
41 JMST 0.46% 43,311 $2M $51.05 +43,311 NEW
42 BRK-B 0.46% 4,395 $2M $502.65 $297K +592 +15.6%
43 IJR 0.43% 17,198 $2M $120.18 -$171K -1,636 -8.7%
44 IJH 0.42% 30,684 $2M $66.00 -$189K -3,241 -9.6%
45 EFA 0.40% 20,260 $2M $96.03 $4K -534 -2.6%
46 IVV 0.33% 2,307 $2M $685.00 -$172K -312 -11.9%
47 QQQ 0.32% 2,519 $2M $614.35 $67K +55 +2.2%
48 GOOGL 0.29% 4,526 $1M $313.02 $343K +109 +2.5%
49 LOW 0.24% 4,756 $1M $241.14 -$38K +43 +0.9%
50 SO 0.19% 10,691 $932K $87.20 -$108K -286 -2.6%
51 PG 0.19% 6,484 $929K $143.30 -$52K +95 +1.5%
52 AVGO 0.18% 2,550 $882K $346.05 $14K -83 -3.1%
53 JNJ 0.18% 4,253 $880K $206.94 $108K +90 +2.2%
54 ORCL 0.18% 4,471 $871K $194.91 -$473K -308 -6.4%
55 SPMD 0.18% 14,806 $857K $57.91 -$9K -352 -2.3%
56 T 0.16% 31,490 $782K $24.84 -$115K -286 -0.9%
57 KO 0.14% 9,622 $673K $69.91 $49K +292 +3.1%
58 BAC 0.14% 11,906 $655K $55.00 $41K +10 +0.1%
59 VXUS 0.13% 8,500 $641K $75.44 $16K -10 -0.1%
60 JPST 0.13% 12,581 $637K $50.65 $309K +6,119 +94.7%
61 VIG 0.13% 2,897 $637K $219.80 $15K +26 +0.9%
62 VUG 0.13% 1,262 $616K $487.76 $90K +166 +15.2%
63 SHY 0.12% 7,240 $600K $82.82 $342K +4,131 +132.9%
64 MRK 0.12% 5,650 $600K $106.12 $112K -99 -1.7%
65 COP 0.11% 5,850 $548K $93.61 $4K +101 +1.8%
66 GLD 0.11% 1,376 $545K $396.31 $34K -62 -4.3%
67 CRWD 0.11% 1,162 $545K $468.76 $7K +66 +6.0%
68 CAT 0.11% 939 $538K $572.87 $99K +19 +2.1%
69 PDT 0.11% 41,099 $522K $12.70 -$55K -2,175 -5.0%
70 AZO 0.11% 153 $519K $3,391.50 -$138K
71 VRTX 0.11% 1,144 $519K $453.36 $82K +29 +2.6%
72 LLY 0.11% 478 $514K $1,074.88 +478 NEW
73 ET 0.11% 30,874 $509K $16.49 -$22K -88 -0.3%
74 AMD 0.10% 2,301 $493K $214.16 $112K -50 -2.1%
75 RTX 0.10% 2,647 $485K $183.40 $5K -226 -7.9%
76 SPSM 0.10% 10,196 $478K $46.86 $152 -115 -1.1%
77 IBM 0.10% 1,579 $468K $296.21 $31K +31 +2.0%
78 KMI 0.09% 16,501 $454K $27.49 $3K +601 +3.8%
79 VGT 0.09% 590 $445K $753.78 $4K
80 MO 0.09% 7,548 $443K $58.72 -$74K -165 -2.1%
81 PSX 0.09% 3,213 $415K $129.04 -$12K +79 +2.5%
82 BP 0.09% 11,817 $410K $34.73 $3K +4 +0.0%
83 C 0.08% 3,426 $400K $116.68 $67K +146 +4.5%
84 MCD 0.08% 1,288 $394K $305.63 $2K
85 VTI 0.08% 1,153 $387K $335.27 $15K +24 +2.1%
86 SCHD 0.08% 13,801 $379K $27.43 -$43K -1,640 -10.6%
87 CL 0.08% 4,770 $377K $79.02 -$4K
88 ROP 0.08% 837 $372K $444.92 -$3M -5,295 -86.3%
89 AR 0.07% 20,375 $361K $17.73 -$12K +9,257 +83.3%
90 XLK 0.07% 2,485 $358K $143.99 $47K +1,382 +125.3%
91 ROK 0.07% 916 $356K $389.07 $36K
92 LGLV 0.07% 2,006 $352K $175.55 -$18K -73 -3.5%
93 IGRO 0.07% 4,244 $351K $82.76 $7K -72 -1.7%
94 VZ 0.07% 8,622 $351K $40.73 -$22K +132 +1.6%
95 GE 0.07% 1,133 $350K $308.50 $8K
96 ISRG 0.07% 616 $349K $566.36 $87K +30 +5.1%
97 AIRR 0.07% 3,516 $346K $98.32 $6K
98 IDEV 0.07% 4,133 $341K $82.49 $16K +75 +1.9%
99 ABBV 0.07% 1,484 $339K $228.55 $2K +26 +1.8%
100 TT 0.07% 849 $330K $389.26 -$128K -237 -21.8%

New Positions

SymbolValue% Port
APH $2M 0.51%
JMST $2M 0.46%
LLY $514K 0.11%
SUB $319K 0.07%
GOOG $257K 0.05%
MUB $244K 0.05%
IUSB $241K 0.05%
SPLG $231K 0.05%
TMO $228K 0.05%
WM $228K 0.05%
AMAT $227K 0.05%
EPD $225K 0.05%
ACN $219K 0.05%
MPLX $216K 0.04%
SPGI $208K 0.04%

Sold Out Positions

SymbolValue% Port
WSM —%
VRT —%
MPC —%
DTE —%
SILA —%
CRDO —%
MRVL —%
ARCC —%
NTLA —%
SCD —%
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