Portfolio (Quarterly) Guide ↗

Second Line Capital, LLC

· CIK 0001992879

13F Portfolio $528.0B AUM 185 positions Filed May 15, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025 · All 30 New 85 Added 49 Reduced 11 Exited

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
21	SHEL	SHELL PLC SPON ADS	Energy	2,387.0	$216K	0.04%	NEW	—	$90.68	-6.8%
22	URI	UNITED RENTALS INC COM	Industrials	224.0	$215K	0.04%	NEW	—	$960.21	+1.3%
23	SILA	SILA REALTY TRUST INC COMMON STOCK	Real Estate	6,999.0	$213K	0.04%	NEW	—	$30.43	+0.4%
24	SPIB	STATE STREET SPDR PORTFOLIO INTERMEDIATE TERM CORPORATE BOND ETF	—	6,286.0	$211K	0.04%	NEW	—	$33.55	-0.7%
25	IRM	IRON MTN INC DEL COM	Real Estate	1,661.0	$209K	0.04%	NEW	—	$125.99	+1.4%
26	XLE	STATE STREET ENERGY SELECT SECTOR SPDR ETF	—	3,474.0	$207K	0.04%	NEW	—	$59.65	-0.3%
27	TSM	TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS	Technology	523.0	$207K	0.04%	NEW	—	$396.06	+5.5%
28	USIG	ISHARES BROAD USD INVESTMENT GRADE CORPORATE BOND ETF	—	3,931.0	$201K	0.04%	NEW	—	$51.25	-0.8%
29	INFL	HORIZON KINETICS INFLATION BENEFICIARIES ETF	—	3,761.0	$200K	0.04%	NEW	—	$53.24	-0.9%
30	F	FORD MTR CO COM	Consumer Cyclical	11,949.0	$144K	0.03%	NEW	—	$12.08	+19.9%

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① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Technology 31.6%

Financial Services 24.8%

Energy 10.6%

Consumer Cyclical 8.3%

Industrials 6.2%

Healthcare 6.0%

Communication Services 4.5%

Consumer Defensive 4.2%

Real Estate 1.8%

Basic Materials 1.1%