Second Line Capital, LLC

Q3 2025 13F-HR Holdings

Location
Metairie, LA
Holdings as of
9/30/2025
Date filed
11/19/2025
Form type
13F-HR
Num holdings
160
Total value ($000)
$483,097
Net value change ($000)
+52,704 (12.2%)
New positions
19
Sold out positions
9
Turnover %
7.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/18/2025 Next filing: 2/17/2026 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)
FTSM 7,245 NEW
APP 5,452 57.4%
CRWV 5,367 NEW
USFR 4,421 NEW
CRDO 4,283 NEW
VRT 3,638 NEW
ACIO 3,030 6.0%
NOW 2,680 722.4%
IDUB 2,328 8.1%
TSLA 1,964 70.9%
Top Reduces (Value $000, Stocks/ETFs)
CLS -3,732 -100.0%
AMD -2,507 -86.8%
META -2,382 -31.1%
DECK -1,956 -100.0%
UNH -1,613 -82.5%
AMT -637 -17.2%
ROP -388 -11.3%
SCD -283 -25.1%
POOL -266 -100.0%
HWC -234 -100.0%
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