Second Line Capital, LLC

Q4 2025 13F-HR Holdings

Location
Metairie, LA
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
166
Total value ($000)
$486,586
Net value change ($000)
+3,489 (0.7%)
New positions
17
Sold out positions
10
Turnover %
5.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/19/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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 6,769 93.4%
APH 2,470 NEW
JMST 2,211 NEW
IDUB 2,069 6.7%
ACIO 1,554 2.9%
OCUL 1,374 29.2%
SPDW 1,342 5.4%
DRSK 816 2.2%
AAPL 784 11.4%
SPY 608 2.8%
Top Reduces (Value $000, Stocks/ETFs)
CRDO -4,283 -100.0%
MRVL -3,893 -100.0%
VRT -3,638 -100.0%
ROP -2,686 -87.8%
MARA -2,312 -50.8%
ARCC -1,368 -100.0%
NTLA -1,088 -100.0%
SCD -843 -100.0%
CRWV -680 -12.7%
APP -653 -4.4%
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