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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
Page 3 of 3  ·  49 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 SLYG STATE STREET SPDR S&P 600 SMALL CAP GROWTH ETF 2,486.0 $268K 0.05% -127.0 -4.9% $107.83 -1.9%
42 XAR STATE STREET SPDR S&P AEROSPACE & DEFENSE ETF 973.0 $252K 0.05% -70.0 -6.7% $259.02 +0.6%
43 BIL STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF 2,737.0 $251K 0.05% -73.0 -2.6% $91.62 -0.1%
44 XLV STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF 1,603.0 $234K 0.04% -328.0 -17.0% $145.95 -0.6%
45 WM WASTE MGMT INC DEL COM Industrials 988.0 $230K 0.04% -48.0 -4.6% $232.55 -5.9%
46 SHY ISHARES 1-3 YEAR TREASURY BOND ETF 2,735.0 $226K 0.04% -5K -62.2% $82.48 -0.5%
47 PANW PALO ALTO NETWORKS INC COM Technology 1,256.0 $225K 0.04% -58.0 -4.4% $179.32 +32.8%
48 VENTURE GLOBAL INC COM CL A 11,594.0 $154K 0.03% -124.0 -1.1% $13.27
49 FSCO FS CREDIT OPPORTUNITIES CORP COMMON STOCK Financial Services 10,415.0 $55K 0.01% -1K -9.2% $5.25 -2.1%
Page 3 of 3  ·  49 positions

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%