Second Line Capital 13F annual report
Second Line Capital is an investment fund managing more than $326 billion ran by P. Soliman. There are currently 93 companies in Soliman’s portfolio. The largest investments include Etf Ser Solutions and Spdr Index Shs Fds, together worth $175 billion.
$326 billion Assets Under Management (AUM)
As of 9th August 2024, Second Line Capital’s top holding is 5,065,406 shares of Etf Ser Solutions currently worth over $150 billion and making up 45.9% of the portfolio value.
In addition, the fund holds 708,599 shares of Spdr Index Shs Fds worth $25.4 billion.
The third-largest holding is Spdr S&p 500 Etf Tr worth $17 billion and the next is Invesco Exchange Traded Fd T worth $9.86 billion, with 60,022 shares owned.
Currently, Second Line Capital's portfolio is worth at least $326 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Second Line Capital
The Second Line Capital office and employees reside in Metairie, Louisiana. According to the last 13-F report filed with the SEC, P. Soliman serves as the CCO at Second Line Capital.
Recent trades
In the most recent 13F filing, Second Line Capital revealed that it had opened a new position in
Marathon Digital Holdings In and bought 204,510 shares worth $4.06 billion.
The investment fund also strengthened its position in Etf Ser Solutions by buying
347,080 additional shares.
This makes their stake in Etf Ser Solutions total 5,065,406 shares worth $150 billion.
On the other hand, there are companies that Second Line Capital is getting rid of from its portfolio.
Second Line Capital closed its position in Crocs Inc on 16th August 2024.
It sold the previously owned 29,545 shares for $4.25 billion.
P. Soliman also disclosed a decreased stake in Meta Platforms Inc by approximately 0.1%.
This leaves the value of the investment at $4.17 billion and 8,274 shares.
One of the smaller hedge funds
The two most similar investment funds to Second Line Capital are Cook Street Consulting and Ararat Capital Management L.P.. They manage $326 billion and $326 billion respectively.
P. Soliman investment strategy
Second Line Capital’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 7.9% of
the total portfolio value.
The fund focuses on investments in the United States as
60.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
46% of the total holdings value.
On the other hand, small-cap stocks make up only 2.2% of the portfolio.
The average market cap of the portfolio companies is close to $224 billion.
The complete list of Second Line Capital trades based on 13F SEC filings
These positions were updated on August 16th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Etf Ser Solutions |
7.36%
5,065,406
|
$149,589,839,000 | 45.92% |
| Spdr Index Shs Fds |
4.66%
708,599
|
$25,385,918,000 | 7.79% |
| Spdr S&p 500 Etf Tr |
2.38%
31,118
|
$16,989,152,000 | 5.22% |
| Invesco Exchange Traded Fd T |
7.18%
60,022
|
$9,860,474,000 | 3.03% |
| Microsoft Corporation |
28.33%
14,186
|
$6,340,585,000 | 1.95% |
| Apple Inc |
5.61%
24,172
|
$5,091,076,000 | 1.56% |
| Exxon Mobil Corp. |
44.23%
43,755
|
$5,037,119,000 | 1.55% |
| JPMorgan Chase & Co. |
8.91%
21,405
|
$4,329,315,000 | 1.33% |
| Crocs Inc |
Closed
29,545
|
$4,248,571,000 | |
| Meta Platforms Inc |
8.28%
8,274
|
$4,171,983,000 | 1.28% |
| Marathon Digital Holdings In |
Opened
204,510
|
$4,059,524,000 | 1.25% |
| Bny Mellon Etf Trust |
10.52%
87,165
|
$3,610,360,000 | 1.11% |
| Organon & Co |
Closed
191,885
|
$3,607,440,000 | |
| Broadcom Inc |
4.47%
2,198
|
$3,529,448,000 | 1.08% |
| Alphabet Inc |
1.63%
18,609
|
$3,389,605,000 | 1.04% |
| Caesars Entertainment Inc Ne |
Closed
75,881
|
$3,319,035,000 | |
| Albemarle Corp. |
Closed
23,468
|
$3,101,018,000 | |
| Walmart Inc |
4.52%
43,836
|
$2,968,109,000 | 0.91% |
| Applovin Corp |
Opened
33,313
|
$2,772,308,000 | 0.85% |
| Diamondback Energy Inc |
2.31%
13,484
|
$2,699,273,000 | 0.83% |
| Gigacloud Technology Inc |
Opened
87,452
|
$2,660,290,000 | 0.82% |
| Chevron Corp. |
14.90%
16,889
|
$2,641,831,000 | 0.81% |
| Progressive Corp. |
3.35%
12,631
|
$2,623,594,000 | 0.81% |
| Copart, Inc. |
4.00%
47,335
|
$2,563,664,000 | 0.79% |
| Adobe Inc |
9.85%
4,505
|
$2,502,708,000 | 0.77% |
| NVIDIA Corp |
882.13%
19,780
|
$2,443,585,000 | 0.75% |
| Unitedhealth Group Inc |
9.14%
4,798
|
$2,443,584,000 | 0.75% |
| Visa Inc |
9.71%
9,194
|
$2,413,197,000 | 0.74% |
| Roper Technologies Inc |
6.89%
4,249
|
$2,394,918,000 | 0.74% |
| Broadridge Finl Solutions In |
5.90%
11,945
|
$2,362,456,000 | 0.73% |
| American Tower Corp. |
8.30%
11,718
|
$2,296,340,000 | 0.70% |
| Mastec Inc. |
29.15%
21,272
|
$2,275,891,000 | 0.70% |
| Devon Energy Corp. |
Closed
45,142
|
$2,265,202,000 | |
| Skechers U S A, Inc. |
24.97%
32,325
|
$2,234,304,000 | 0.69% |
| ON Semiconductor Corp. |
Opened
32,136
|
$2,202,923,000 | 0.68% |
| Chemed Corp. |
7.59%
3,925
|
$2,129,831,000 | 0.65% |
| Vanguard Index Fds |
0.88%
5,280
|
$2,510,441,000 | 0.77% |
| Ocular Therapeutix Inc |
Opened
262,810
|
$1,797,620,000 | 0.55% |
| Informatica Inc. |
Closed
50,137
|
$1,754,795,000 | |
| Amazon.com Inc. |
12.92%
8,512
|
$1,644,944,000 | 0.51% |
| SoFi Technologies, Inc. |
1.33%
244,446
|
$1,615,788,000 | 0.50% |
| Schwab Charles Corp |
Closed
21,983
|
$1,590,250,000 | |
| Beyond Inc |
Opened
120,857
|
$1,580,810,000 | 0.49% |
| Home Depot, Inc. |
23.67%
4,535
|
$1,561,071,000 | 0.48% |
| Tesla Inc |
1.01%
7,869
|
$1,557,118,000 | 0.48% |
| Viking Therapeutics Inc |
Opened
28,419
|
$1,506,491,000 | 0.46% |
| Lmp Cap & Income Fd Inc |
No change
74,400
|
$1,160,119,000 | 0.36% |
| Ares Capital Corp |
3.07%
53,727
|
$1,119,675,000 | 0.34% |
| Lowes Cos Inc |
43.44%
4,814
|
$1,061,344,000 | 0.33% |
| Spdr Ser Tr |
16.66%
53,121
|
$3,291,016,000 | 1.01% |
| MGM Resorts International |
51.76%
20,962
|
$931,551,000 | 0.29% |
| The Southern Co. |
34.98%
11,171
|
$866,512,000 | 0.27% |
| Berkshire Hathaway Inc. |
5.49%
2,076
|
$844,517,000 | 0.26% |
| fuboTV Inc. |
1.30%
536,413
|
$665,152,000 | 0.20% |
| Johnson & Johnson |
36.14%
4,272
|
$624,435,000 | 0.19% |
| AT&T Inc. |
41.03%
32,115
|
$613,716,000 | 0.19% |
| Merck & Co Inc |
19.99%
4,634
|
$577,237,000 | 0.18% |
| Conocophillips |
125.02%
4,856
|
$555,422,000 | 0.17% |
| Hancock John Prem Divid Fd |
11.59%
46,377
|
$546,324,000 | 0.17% |
| Oracle Corp. |
Opened
3,758
|
$530,630,000 | 0.16% |
| Select Sector Spdr Tr |
18.88%
21,207
|
$1,626,766,000 | 0.50% |
| Coca-Cola Co |
18.53%
7,810
|
$500,903,000 | 0.15% |
| Spdr Gold Tr |
18.90%
2,145
|
$461,089,000 | 0.14% |
| Procter And Gamble Co |
27.21%
2,791
|
$460,259,000 | 0.14% |
| Fs Kkr Cap Corp |
1.83%
22,210
|
$453,759,000 | 0.14% |
| BP plc |
59.22%
12,351
|
$445,860,000 | 0.14% |
| Autozone Inc. |
0.66%
150
|
$444,615,000 | 0.14% |
| Phillips 66 |
88.25%
3,091
|
$436,356,000 | 0.13% |
| Verizon Communications Inc |
44.39%
9,811
|
$404,594,000 | 0.12% |
| Energy Transfer L P |
1.06%
21,867
|
$354,682,000 | 0.11% |
| Antero Resources Corp |
23.03%
10,375
|
$338,536,000 | 0.10% |
| Vanguard World Fd |
No change
580
|
$334,864,000 | 0.10% |
| Colgate-Palmolive Co. |
36.70%
3,352
|
$325,278,000 | 0.10% |
| Public Storage Oper Co |
0.45%
1,124
|
$323,319,000 | 0.10% |
| Illinois Tool Wks Inc |
Closed
1,153
|
$310,974,000 | |
| Crowdstrike Holdings Inc |
0.79%
757
|
$290,075,000 | 0.09% |
| Ishares Tr |
0.86%
7,936
|
$527,941,000 | 0.16% |
| Rockwell Automation Inc |
5.13%
963
|
$265,095,000 | 0.08% |
| Linde Plc. |
0.17%
589
|
$258,472,000 | 0.08% |
| Pool Corporation |
17.61%
814
|
$250,242,000 | 0.08% |
| Polaris Inc |
No change
3,150
|
$246,677,000 | 0.08% |
| Intuitive Surgical Inc |
5.30%
554
|
$246,447,000 | 0.08% |
| International Business Machs |
5.48%
1,406
|
$243,168,000 | 0.07% |
| Altria Group Inc. |
Opened
5,175
|
$240,261,000 | 0.07% |
| Advanced Micro Devices Inc. |
10.57%
1,472
|
$238,773,000 | 0.07% |
| Honeywell International Inc |
Opened
1,117
|
$238,524,000 | 0.07% |
| Accenture Plc Ireland |
Closed
683
|
$236,834,000 | |
| Select Sector Spdr Tr |
Closed
2,494
|
$235,431,000 | |
| Pepsico Inc |
Closed
1,327
|
$233,810,000 | |
| Antero Midstream Corp |
No change
15,380
|
$226,701,000 | 0.07% |
| Abrdn Healthcare Opportuniti |
Opened
11,048
|
$225,158,000 | 0.07% |
| Waste Mgmt Inc Del |
Opened
1,054
|
$224,860,000 | 0.07% |
| Intel Corp. |
Closed
5,034
|
$222,341,000 | |
| Brookfield Real Assets Incom |
3.45%
17,380
|
$221,765,000 | 0.07% |
| Mcdonalds Corp |
Opened
869
|
$221,456,000 | 0.07% |
| Vanguard Whitehall Fds |
1.38%
1,860
|
$220,622,000 | 0.07% |
| Comcast Corp New |
Opened
5,502
|
$215,451,000 | 0.07% |
| Spdr Ser Tr |
Closed
7,645
|
$215,435,000 | |
| NextEra Energy Inc |
Opened
2,958
|
$209,456,000 | 0.06% |
| Invesco Exch Traded Fd Tr Ii |
Closed
3,173
|
$208,984,000 | |
| Kinder Morgan Inc |
Opened
10,290
|
$204,467,000 | 0.06% |
| International Paper Co. |
Closed
5,206
|
$203,144,000 | |
| Disney Walt Co |
Closed
1,639
|
$200,568,000 | |
| Abrdn Global Dynamic Dividen |
3.86%
17,558
|
$171,366,000 | 0.05% |
| Ford Mtr Co Del |
Opened
12,652
|
$158,662,000 | 0.05% |
| Nuveen Quality Muncp Income |
No change
11,648
|
$137,627,000 | 0.04% |
| Nuveen Pfd & Income Opportun |
34.59%
16,892
|
$127,348,000 | 0.04% |
| Globalstar Inc. |
No change
22,817
|
$25,555,000 | 0.01% |
| Amarin Corp Plc |
0.24%
11,720
|
$8,063,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 109 holdings | |||
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