Second Line Capital, LLC

METAIRIE, LA · CIK 1992879 · 13F filing filed 2026-08-12

SEC-registered investment adviser since 2023 · limited liability company

Assets managed$1.3bn
Staff28 · 24 in investment roles
Main clients (by assets)Pension plans 49%, High net worth individuals 36%, Individuals 14%
Form ADV · 2026-07-16SEC adviser record

Kindinstitutions
Others nearbyMetairie, LA, Covington, LA, Duncan, OK

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Metairie, LA (main office)United States	United States	about 18
Covington, LAUnited States	United States	4
Duncan, OKUnited States	United States	2

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$537.0m reported value +1.7% vs Q1 2026

173positions

59.0%in top 10

10 new 63 added 92 reduced 22 sold out vs Q1 2026

Options: 0 call positions (— notional), 3 put positions ($28.9k notional) – listed below, not included above.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ETF SER SOLUTIONS APTUS COLLRD INV ACIO	ACIO	1,292,312	$59.6m11.10%	11.10%	Added +25.6k	+25,581 2.0%
2	ETF SER SOLUTIONS APTUS DEFINED DRSK	DRSK	1,495,309	$43.0m8.01%	8.01%	Added +33.0k	+33,044 2.3%
3	ETF SER SOLUTIONS APTUS INT ENH YL IDUB	IDUB	1,417,892	$39.0m7.26%	7.26%	Added +28.4k	+28,374 2.0%
4	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	41,556	$31.1m5.79%	5.79%	Added +1.4k	+1,442 3.6%
5	SPDR INDEX SHS FDS PORTFOLIO DEVLPD SPDW	SPDW	600,233	$30.2m5.63%	5.63%	Added +15.8k	+15,826 2.7%
6	ETF SER SOLUTIONS OPUS SML CP VL OSCV	OSCV	613,038	$25.9m4.82%	4.82%	Added +20.1k	+20,103 3.4%
7	ETF SER SOLUTIONS APTUS DRAWDOWN ADME	ADME	448,164	$24.9m4.64%	4.64%	Added +10.9k	+10,864 2.5%
8	ETF SER SOLUTIONS APTUS LARGE CAP DUBS	DUBS	516,098	$21.5m4.00%	4.00%	Added +18.2k	+18,190 3.6%
9	FIRST TR EXCHANGE-TRADED FD FIRST TR ENH NEW FTSM	FTSM	351,126	$21.0m3.92%	3.92%	Added +330.3k	+330,326 1588.1%
10	ETF SER SOLUTIONS APTUS ENHANCED JUCY	JUCY	923,539	$20.3m3.78%	3.78%	Added +24.3k	+24,305 2.7%
11	SPDR INDEX SHS FDS PORTFOLIO EMG MK SPEM	SPEM	251,929	$13.0m2.43%	2.43%	Added +7.8k	+7,850 3.2%
12	APPLOVIN CORP COM CL A APP	APP	21,752	$11.2m2.09%	2.09%	Added +167	+167 0.8%
13	APPLE INC COM AAPL	AAPL	28,057	$8.1m1.51%	1.51%	Added +332	+332 1.2%
14	NVIDIA CORPORATION COM NVDA	NVDA	40,188	$8.0m1.50%	1.50%	Reduced -8.2k	-8,197 -16.9%
15	MICROSOFT CORP COM MSFT	MSFT	20,122	$7.5m1.40%	1.40%	Added +929	+929 4.8%
16	JPMORGAN CHASE & CO COM JPM	JPM	20,969	$6.9m1.28%	1.28%	Reduced -658	-658 -3.0%
17	OCULAR THERAPEUTIX INC COM OCUL	OCUL	638,640	$6.3m1.17%	1.17%	Added +110.3k	+110,350 20.9%
18	AMAZON COM INC COM AMZN	AMZN	23,817	$5.7m1.06%	1.06%	Reduced -956	-956 -3.9%
19	WISDOMTREE TR FLOATNG RAT TREA USFR	USFR	111,437	$5.6m1.04%	1.04%	Added +2.3k	+2,311 2.1%
20	EXXON MOBIL CORP COM XOM	XOM	40,730	$5.6m1.04%	1.04%	Reduced -534	-534 -1.3%
21	WALMART INC COM WMT	WMT	42,803	$4.8m0.90%	0.90%	Reduced -584	-584 -1.4%
22	BNY MELLON ETF TRUST CORE BOND ETF BKAG	BKAG	106,590	$4.5m0.83%	0.83%	Added +2.6k	+2,558 2.5%
23	QUANTA SVCS INC COM PWR	PWR	5,973	$4.3m0.80%	0.80%	Reduced -2.7k	-2,652 -30.8%
24	INVESCO EXCHANGE TRADED FD T S&P500 EQL WGT RSP	RSP	20,156	$4.3m0.80%	0.80%	Added +1.0k	+1,044 5.5%
25	GALAXY DIGITAL INC. CL A GLXY	GLXY	154,268	$4.2m0.79%	0.79%	Reduced -1.8k	-1,830 -1.2%
26	VISA INC COM CL A V	V	11,400	$3.9m0.73%	0.73%	Added +504	+504 4.6%
27	DIAMONDBACK ENERGY INC COM FANG	FANG	21,397	$3.8m0.70%	0.70%	Reduced -2.8k	-2,752 -11.4%
28	BROADCOM INC COM AVGO	AVGO	9,937	$3.8m0.70%	0.70%	Added +7.0k	+7,010 239.5%
29	CHEVRON CORP NEW COM CVX	CVX	22,207	$3.7m0.69%	0.69%	Reduced -1.4k	-1,406 -6.0%
30	AMPHENOL CORP CL A APH	APH	20,563	$3.6m0.68%	0.68%	Added +1.1k	+1,108 5.7%
31	MARA HOLDINGS INC COM MARA	MARA	258,225	$3.6m0.67%	0.67%	Reduced -5.6k	-5,577 -2.1%
32	PROGRESSIVE CORP COM PGR	PGR	16,326	$3.6m0.66%	0.66%	Added +2.4k	+2,376 17.0%
33	CHEMED CORP NEW COM CHE	CHE	7,556	$3.5m0.66%	0.66%	Added +395	+395 5.5%
34	HOME DEPOT INC COM HD	HD	9,132	$3.2m0.60%	0.60%	Added +429	+429 4.9%
35	AMERICAN TOWER CORP NEW COM AMT	AMT	18,630	$3.1m0.57%	0.57%	Added +2.6k	+2,580 16.1%
36	SERVICENOW INC COM NOW	NOW	30,561	$3.0m0.57%	0.57%	Added +11.5k	+11,512 60.4%
37	COPART INC COM CPRT	CPRT	103,691	$2.9m0.54%	0.54%	Added +31.2k	+31,172 43.0%
38	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	9,612	$2.9m0.54%	0.54%	Added +277	+277 3.0%
39	VANGUARD INDEX FDS S&P 500 ETF SHS VOO	VOO	3,921	$2.7m0.50%	0.50%	Added +537	+537 15.9%
40	ETF SER SOLUTIONS APTUS LRG CAP UP UPSD	UPSD	92,867	$2.6m0.49%	0.49%	Reduced -684	-684 -0.7%
41	ISHARES TR CORE S&P MCP ETF IJH	IJH	30,005	$2.3m0.43%	0.43%	Added +777	+777 2.7%
42	ISHARES TR CORE S&P SCP ETF IJR	IJR	15,420	$2.3m0.43%	0.43%	Added +207	+207 1.4%
43	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	4,529	$2.3m0.42%	0.42%	Added +60	+60 1.3%
44	ISHARES TR MSCI EAFE ETF EFA	EFA	21,544	$2.2m0.42%	0.42%	Reduced -487	-487 -2.2%
45	J P MORGAN EXCHANGE TRADED F ULTRA SHT MUNCPL JMST	JMST	43,654	$2.2m0.41%	0.41%	Added +146	+146 0.3%
46	ADVANCED MICRO DEVICES INC COM AMD	AMD	3,437	$2.0m0.37%	0.37%	Reduced -49	-49 -1.4%
47	TESLA INC COM TSLA	TSLA	4,418	$1.9m0.35%	0.35%	Reduced -6.7k	-6,655 -60.1%
48	ALPHABET INC CAP STK CL A GOOGL	GOOGL	5,092	$1.8m0.34%	0.34%	Added +39	+39 0.8%
49	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	2,419	$1.8m0.33%	0.33%	Reduced -195	-195 -7.5%
50	ISHARES TR CORE S&P500 ETF IVV	IVV	2,263	$1.7m0.32%	0.32%	Reduced -110	-110 -4.6%
51	ETF SER SOLUTIONS APTUS DEFERRED I DEFR	DEFR	53,709	$1.4m0.27%	0.27%	Added +1.2k	+1,153 2.2%
52	CATERPILLAR INC COM CAT	CAT	972	$1.0m0.19%	0.19%	Reduced -66	-66 -6.4%
53	SOUTHERN CO COM SO	SO	10,754	$1.0m0.19%	0.19%	Reduced -699	-699 -6.1%
54	INTEL CORP COM INTC	INTC	7,342	$1.0m0.19%	0.19%	Reduced -3.5k	-3,534 -32.5%
55	JOHNSON & JOHNSON COM JNJ	JNJ	3,969	$1.0m0.19%	0.19%	Reduced -248	-248 -5.9%
56	PROCTER AND GAMBLE CO COM PG	PG	6,706	$983.3k0.18%	0.18%	Reduced -878	-878 -11.6%
57	SPDR SERIES TRUST PORTFOLIO S&P400 SPMD	SPMD	14,068	$950.4k0.18%	0.18%	Reduced -106	-106 -0.8%
58	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	18,626	$941.9k0.18%	0.18%	Reduced -801	-801 -4.1%
59	COCA COLA CO COM KO	KO	9,713	$794.5k0.15%	0.15%	Added +1.5k	+1,454 17.6%
60	LOWES COS INC COM LOW	LOW	3,590	$791.6k0.15%	0.15%	Added +1.1k	+1,084 43.3%
61	META PLATFORMS INC CL A META	META	1,397	$786.9k0.15%	0.15%	Reduced -6.2k	-6,219 -81.7%
62	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	968	$738.7k0.14%	0.14%	Reduced -165	-165 -14.6%
63	VANGUARD STAR FDS VG TL INTL STK F VXUS	VXUS	8,500	$726.7k0.14%	0.14%	Reduced -25	-25 -0.3%
64	MERCK & CO INC COM MRK	MRK	5,534	$715.8k0.13%	0.13%	Reduced -340	-340 -5.8%
65	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	3,008	$711.8k0.13%	0.13%	Added +100	+100 3.4%
66	APPLIED MATLS INC COM AMAT	AMAT	952	$688.3k0.13%	0.13%	Added +10	+10 1.1%
67	AUTOZONE INC COM AZO	AZO	210	$671.1k0.12%	0.12%	Reduced -59	-59 -21.9%
68	ORACLE CORP COM ORCL	ORCL	4,341	$636.2k0.12%	0.12%	Reduced -1.5k	-1,548 -26.3%
69	CONOCOPHILLIPS COM COP	COP	6,021	$625.9k0.12%	0.12%	Reduced -404	-404 -6.3%
70	BANK AMERICA CORP COM BAC	BAC	10,801	$615.5k0.11%	0.11%	Reduced -475	-475 -4.2%
71	AT&T INC COM T	T	28,660	$593.3k0.11%	0.11%	Reduced -546	-546 -1.9%
72	SPDR GOLD TR GOLD SHS GLD	GLD	1,591	$586.1k0.11%	0.11%	Added +201	+201 14.5%
73	SPDR SER TR PORTFOLIO S&P600 SPSM	SPSM	10,074	$580.9k0.11%	0.11%	Added +85	+85 0.8%
74	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	30,266	$578.7k0.11%	0.11%	Added +44	+44 0.1%
75	PHILLIPS 66 COM PSX	PSX	3,415	$577.3k0.11%	0.11%	Reduced -23	-23 -0.7%
76	FIRST TR EXCHANGE-TRADED FD US EQTY OPPT ETF FPX	FPX	2,749	$566.8k0.11%	0.11%	Unchanged
77	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	1,125	$558.8k0.10%	0.10%	Reduced -64	-64 -5.4%
78	VANGUARD WORLD FD INF TECH ETF VGT	VGT	4,657	$556.6k0.10%	0.10%	Reduced -32.5k	-32,527 -87.5%
79	ELI LILLY & CO COM LLY	LLY	450	$540.0k0.10%	0.10%	Reduced -28	-28 -5.9%
80	ALTRIA GROUP INC COM MO	MO	7,257	$529.8k0.10%	0.10%	Reduced -263	-263 -3.5%
81	CISCO SYS INC COM CSCO	CSCO	4,510	$529.7k0.10%	0.10%	Reduced -5.5k	-5,499 -54.9%
82	KINDER MORGAN INC DEL COM KMI	KMI	16,432	$525.3k0.10%	0.10%	Reduced -142	-142 -0.9%
83	SELECT SECTOR SPDR TR TECHNOLOGY XLK	XLK	2,538	$483.6k0.09%	0.09%	Added +140	+140 5.8%
84	RTX CORPORATION COM RTX	RTX	2,544	$482.7k0.09%	0.09%	Reduced -3	-3 -0.1%
85	CITIGROUP INC COM NEW C	C	3,441	$481.6k0.09%	0.09%	Reduced -23	-23 -0.7%
86	HANCOCK JOHN PREM DIVID FD COM SH BEN INT PDT	PDT	37,173	$481.4k0.09%	0.09%	Added +8	+8 0.0%
87	LINDE PLC SHS LIN	LIN	886	$460.0k0.09%	0.09%	Reduced -42	-42 -4.5%
88	VANGUARD INDEX FDS TOTAL STK MKT VTI	VTI	1,219	$451.1k0.08%	0.08%	New
89	SCHWAB STRATEGIC TR US DIVIDEND EQ SCHD	SCHD	14,046	$445.4k0.08%	0.08%	Added +49	+49 0.3%
90	UNITEDHEALTH GROUP INC COM UNH	UNH	1,066	$442.9k0.08%	0.08%	Reduced -37	-37 -3.4%
91	COLGATE PALMOLIVE CO COM CL	CL	4,774	$437.7k0.08%	0.08%	Reduced -11	-11 -0.2%
92	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,553	$436.7k0.08%	0.08%	Reduced -1.1k	-1,082 -41.1%
93	GE AEROSPACE COM NEW GE	GE	1,161	$433.9k0.08%	0.08%	Added +2	+2 0.2%
94	ROCKWELL AUTOMATION INC COM ROK	ROK	869	$430.2k0.08%	0.08%	New
95	PALO ALTO NETWORKS INC COM PANW	PANW	1,232	$420.1k0.08%	0.08%	Reduced -24	-24 -1.9%
96	BP PLC SPONSORED ADR BP	BP	11,290	$417.2k0.08%	0.08%	Reduced -10.1k	-10,137 -47.3%
97	PUBLIC STORAGE COM PSA	PSA	1,300	$413.8k0.08%	0.08%	Added +297	+297 29.6%
98	TRANE TECHNOLOGIES PLC SHS TT	TT	840	$412.7k0.08%	0.08%	Reduced -57	-57 -6.3%
99	ISHARES TR INTL DIV GRWTH IGRO	IGRO	4,437	$390.1k0.07%	0.07%	Added +87	+87 2.0%
100	ISHARES TR CORE MSCI INTL IDEV	IDEV	4,195	$373.4k0.07%	0.07%	Added +62	+62 1.5%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COREWEAVE INC CRWV	CRWV	66,244	$7.4m66.2k shares
CREDO TECHNOLOGY GROUP HOLDI CRDO	CRDO	29,617	$5.2m29.6k shares
APPLIED DIGITAL CORP APLD	APLD	86,703	$3.0m86.7k shares
FREEPORT-MCMORAN INC FCX	FCX	24,466	$1.4m24.5k shares
CHURCHILL DOWNS INC CHDN	CHDN	10,200	$1.0m10.2k shares
VANGUARD SCOTTSDALE FDS VONG	VONG	2,738	$336.1k2.7k shares
CHENIERE ENERGY INC LNG	LNG	1,167	$321.0k1.2k shares
VANGUARD SCOTTSDALE FDS VONV	VONV	3,131	$317.6k3.1k shares
VANGUARD INDEX FDS VO	VO	15,928	$307.9k15.9k shares
MORGAN STANLEY MS	MS	1,499	$285.7k1.5k shares
HONEYWELL INTL INC		634	$271.7k634 shares
PALANTIR TECHNOLOGIES INC PLTR	PLTR	1,811	$251.9k1.8k shares
SELECT SECTOR SPDR TR XLU	XLU	4,989	$233.8k5.0k shares
USA RARE EARTH INC USAR	USAR	8,924	$231.8k8.9k shares
KINSALE CAP GROUP INC KNSL	KNSL	705	$228.1k705 shares
S&P GLOBAL INC SPGI	SPGI	521	$224.9k521 shares
MP MATERIALS CORP MP	MP	3,296	$217.7k3.3k shares
SHELL PLC SHEL	SHEL	2,387	$216.5k2.4k shares
UNITED RENTALS INC URI	URI	224	$215.1k224 shares
SPDR SER TR SPIB	SPIB	6,286	$210.9k6.3k shares
ISHARES TR USIG	USIG	3,931	$201.5k3.9k shares
LISTED FD TR INFL	INFL	3,761	$200.2k3.8k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
ANTERO RESOURCES CORP AR · Put	AR	Put	100	$13.8k100 shares	New
MICROSOFT CORP MSFT · Put	MSFT	Put	9	$7.9k9 shares	New
APPLE INC AAPL · Put	AAPL	Put	17	$7.2k17 shares	New