Main Management LLC

Q3 2025 13F-HR Holdings

Location
San Francisco, CA
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
105
Total value ($000)
$1,365,034
Net value change ($000)
+93,102 (7.3%)
New positions
7
Sold out positions
6
Turnover %
0.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 2/10/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
XLK 42,020 84.2%
XLV 39,824 102.4%
SPY 12,151 8.1%
XLY 11,645 20.3%
TMAT 11,087 16.3%
XLC 8,583 8.7%
INTL 7,737 8.3%
VGT 7,344 78.5%
ITB 6,398 60.0%
XLF 5,499 7.8%
Top Reduces (Value $000, Stocks/ETFs)
SMH -33,227 -38.1%
QQQ -21,372 -23.1%
IGV -11,172 -23.3%
QQQM -4,711 -9.0%
SNSXX -1,528 -22.9%
SGOV -873 -4.6%
XLI -514 -22.7%
SUTXX -483 -3.4%
AGG -473 -6.3%
IJK -199 -6.5%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type