Skip to content
Disclosery

Swan Global Investments, LLC

Follow

13F filer, CIK 1591505, DURANGO, CO

Swan Global Investments, LLC reported $3,378,436,026 across 79 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-11. Its ten largest share positions make up 82.56% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001591505-26-000002

Period
2025-12-31
Reported value
$3.38B
Holdings
79
Top 10 weight
82.56%
New
9
Sold out
0

Part of the filer group Swan Global Investments, LLC

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
XLKadded+259,761$37.4M
PSMOadded+713,367$21.9M
PSFOadded+514,736$16.7M
XLYadded+94,736$11.3M
HEGDadded+303,498$7.65M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SPYreduced-123,205-$84M
IVVreduced-97,000-$66.4M
XLFreduced-195,399-$10.7M
XLVreduced-54,862-$8.49M
XLCreduced-66,470-$7.82M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001591505-26-000002, largest first. % of portfolio is the value over $2,110,212,331, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,104,895 shares; 2024Q4: 1,095,810 shares; 2025Q1: 1,123,572 shares; 2025Q2: 1,192,962 shares; 2025Q3: 1,210,917 shares; 2025Q4: 1,087,712 shares 1,087,712$742M35.15%-123,205Timeline
IVVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 710,040 shares; 2024Q4: 712,144 shares; 2025Q1: 745,694 shares; 2025Q2: 727,636 shares; 2025Q3: 726,609 shares; 2025Q4: 629,609 shares 629,609$431M20.44%-97,000Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 688,937 shares; 2024Q4: 636,744 shares; 2025Q1: 587,053 shares; 2025Q2: 538,561 shares; 2025Q3: 463,541 shares; 2025Q4: 723,302 shares 723,302$104M4.93%+259,761Timeline
PSMOPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,229,584 shares; 2024Q4: 2,180,362 shares; 2025Q1: 2,289,393 shares; 2025Q2: 2,102,930 shares; 2025Q3: 2,087,066 shares; 2025Q4: 2,800,433 shares 2,800,433$86.1M4.08%+713,367Timeline
PSMJPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,365,762 shares; 2024Q4: 2,287,473 shares; 2025Q1: 2,229,019 shares; 2025Q2: 2,047,476 shares; 2025Q3: 2,471,161 shares; 2025Q4: 2,335,332 shares 2,335,332$75.2M3.56%-135,829Timeline
HEGDLISTED FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,716,467 shares; 2024Q4: 2,830,087 shares; 2025Q1: 2,814,493 shares; 2025Q2: 2,769,742 shares; 2025Q3: 2,508,740 shares; 2025Q4: 2,812,238 shares 2,812,238$70.9M3.36%+303,498Timeline
PSMRPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,059,300 shares; 2024Q4: 1,991,155 shares; 2025Q1: 1,940,278 shares; 2025Q2: 2,590,216 shares; 2025Q3: 2,510,815 shares; 2025Q4: 2,372,802 shares 2,372,802$70.7M3.35%-138,013Timeline
PSMDPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,117,868 shares; 2024Q4: 2,047,780 shares; 2025Q1: 2,448,997 shares; 2025Q2: 2,249,521 shares; 2025Q3: 2,173,770 shares; 2025Q4: 2,095,017 shares 2,095,017$68M3.22%-78,753Timeline
PSCWPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,350,517 shares; 2024Q4: 1,305,825 shares; 2025Q1: 1,272,464 shares; 2025Q2: 2,033,394 shares; 2025Q3: 1,966,023 shares; 2025Q4: 1,857,976 shares 1,857,976$51.8M2.46%-108,047Timeline
PSCQPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 270,857 shares; 2024Q4: 1,253,640 shares; 2025Q1: 1,393,485 shares; 2025Q2: 1,279,985 shares; 2025Q3: 1,251,312 shares; 2025Q4: 1,430,104 shares 1,430,104$42.2M2%+178,792Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,453,497 shares; 2024Q4: 1,278,621 shares; 2025Q1: 1,184,690 shares; 2025Q2: 1,089,465 shares; 2025Q3: 937,119 shares; 2025Q4: 741,720 shares 741,720$40.6M1.93%-195,399Timeline
PSCJPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,276,649 shares; 2024Q4: 1,274,909 shares; 2025Q1: 1,242,337 shares; 2025Q2: 1,141,164 shares; 2025Q3: 1,264,210 shares; 2025Q4: 1,194,739 shares 1,194,739$35.9M1.7%-69,471Timeline
XLYSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 262,731 shares; 2024Q4: 229,906 shares; 2025Q1: 212,836 shares; 2025Q2: 195,429 shares; 2025Q3: 168,145 shares; 2025Q4: 262,881 shares 262,881$31.4M1.49%+94,736Timeline
XLCSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 521,614 shares; 2024Q4: 443,538 shares; 2025Q1: 410,513 shares; 2025Q2: 373,200 shares; 2025Q3: 322,797 shares; 2025Q4: 256,327 shares 256,327$30.2M1.43%-66,470Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 390,535 shares; 2024Q4: 334,892 shares; 2025Q1: 310,347 shares; 2025Q2: 284,977 shares; 2025Q3: 245,213 shares; 2025Q4: 190,351 shares 190,351$29.5M1.4%-54,862Timeline
PSFOPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 430,389 shares; 2024Q4: 416,161 shares; 2025Q1: 405,531 shares; 2025Q2: 372,537 shares; 2025Q3: 380,864 shares; 2025Q4: 895,600 shares 895,600$29M1.38%+514,736Timeline
PSCXPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 555,535 shares; 2024Q4: 537,157 shares; 2025Q1: 1,000,776 shares; 2025Q2: 919,290 shares; 2025Q3: 888,885 shares; 2025Q4: 840,044 shares 840,044$26.1M1.24%-48,841Timeline
XLISELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,408 shares; 2024Q4: 281,872 shares; 2025Q1: 261,184 shares; 2025Q2: 239,784 shares; 2025Q3: 206,285 shares; 2025Q4: 159,955 shares 159,955$24.8M1.18%-46,330Timeline
PSFDPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 783,774 shares; 2024Q4: 757,845 shares; 2025Q1: 738,485 shares; 2025Q2: 678,347 shares; 2025Q3: 655,650 shares; 2025Q4: 648,505 shares 648,505$24.2M1.15%-7,145Timeline
PSFJPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 637,187 shares; 2024Q4: 616,106 shares; 2025Q1: 600,367 shares; 2025Q2: 551,474 shares; 2025Q3: 713,171 shares; 2025Q4: 673,992 shares 673,992$22.4M1.06%-39,179Timeline
XLPSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 364,231 shares; 2024Q4: 322,336 shares; 2025Q1: 298,678 shares; 2025Q2: 275,299 shares; 2025Q3: 236,791 shares; 2025Q4: 186,366 shares 186,366$14.5M0.69%-50,425Timeline
PSFMPACER FDS TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 529,696 shares; 2024Q4: 512,180 shares; 2025Q1: 499,097 shares; 2025Q2: 458,465 shares; 2025Q3: 447,213 shares; 2025Q4: 422,641 shares 422,641$13.5M0.64%-24,572Timeline
XLESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 193,820 shares; 2024Q4: 169,329 shares; 2025Q1: 156,935 shares; 2025Q2: 144,594 shares; 2025Q3: 124,409 shares; 2025Q4: 192,570 shares 192,570$8.61M0.41%+68,161Timeline
XLUSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 159,272 shares; 2024Q4: 139,517 shares; 2025Q1: 129,272 shares; 2025Q2: 118,664 shares; 2025Q3: 102,086 shares; 2025Q4: 159,476 shares 159,476$6.81M0.32%+57,390Timeline
XLRESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 268,159 shares; 2024Q4: 233,501 shares; 2025Q1: 216,324 shares; 2025Q2: 198,513 shares; 2025Q3: 170,746 shares; 2025Q4: 135,756 shares 135,756$5.48M0.26%-34,990Timeline
XLBSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 118,738 shares; 2024Q4: 102,840 shares; 2025Q1: 95,295 shares; 2025Q2: 87,498 shares; 2025Q3: 75,278 shares; 2025Q4: 117,268 shares 117,268$5.32M0.25%+41,990Timeline
SCLZNORTHERN LTS FD TR IIIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,460 shares; 2024Q4: 17,947 shares; 2025Q1: 23,234 shares; 2025Q2: 23,091 shares; 2025Q3: 23,591 shares; 2025Q4: 25,191 shares 25,191$1.38M0.07%+1,600Timeline
BOXXEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,000 shares; 2025Q2: 10,500 shares; 2025Q3: 12,700 shares; 2025Q4: 10,800 shares 10,800$1.24M0.06%-1,900Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,029 shares; 2024Q4: 1,777 shares; 2025Q1: 2,610 shares; 2025Q2: 3,270 shares; 2025Q3: 3,605 shares; 2025Q4: 4,015 shares 4,015$1.09M0.05%+410Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 4,612 shares; 2025Q4: 5,007 shares 5,007$934K0.04%+395Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,500 shares; 2024Q4: 8,500 shares; 2025Q1: 3,800 shares; 2025Q2: 2,310 shares; 2025Q3: 2,045 shares; 2025Q4: 2,245 shares 2,245$890K0.04%+200Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 488 shares; 2024Q4: 886 shares; 2025Q1: 1,391 shares; 2025Q2: 1,688 shares; 2025Q3: 1,600 shares; 2025Q4: 1,781 shares 1,781$861K0.04%+181Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,087 shares; 2025Q1: 3,266 shares; 2025Q2: 4,082 shares; 2025Q3: 2,237 shares; 2025Q4: 2,558 shares 2,558$801K0.04%+321Timeline
SGOLETFS GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 20,487 shares; 2025Q1: 30,097 shares; 2025Q2: 33,097 shares; 2025Q3: 35,038 shares; 2025Q4: 17,912 shares 17,912$736K0.03%-17,126Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 903 shares; 2025Q4: 1,047 shares 1,047$691K0.03%+144Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 278 shares; 2025Q1: 445 shares; 2025Q2: 562 shares; 2025Q3: 600 shares; 2025Q4: 643 shares 643$691K0.03%+43Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,742 shares; 2025Q4: 2,807 shares 2,807$648K0.03%+65Timeline
AVGOBROADCOM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,516 shares; 2025Q1: 2,197 shares; 2025Q2: 2,736 shares; 2025Q3: 1,738 shares; 2025Q4: 1,850 shares 1,850$640K0.03%+112Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,128 shares; 2025Q1: 1,593 shares; 2025Q2: 1,889 shares; 2025Q3: 1,574 shares; 2025Q4: 1,858 shares 1,858$599K0.03%+284Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 974 shares; 2025Q4: 897 shares 897$451K0.02%-77Timeline
IBMINTERNATIONAL BUSINESS MACHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,247 shares; 2025Q4: 1,453 shares 1,453$430K0.02%+206Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,087 shares; 2025Q4: 1,319 shares 1,319$406K0.02%+232Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 816 shares; 2025Q1: 1,108 shares; 2025Q2: 1,178 shares; 2025Q3: 1,022 shares; 2025Q4: 1,150 shares 1,150$403K0.02%+128Timeline
PLTRPALANTIR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,694 shares; 2025Q4: 2,251 shares 2,251$400K0.02%+557Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,766 shares; 2025Q2: 2,142 shares; 2025Q3: 1,800 shares; 2025Q4: 1,896 shares 1,896$392K0.02%+96Timeline
CSCOCISCO SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,748 shares; 2025Q2: 4,473 shares; 2025Q3: 3,904 shares; 2025Q4: 4,929 shares 4,929$380K0.02%+1,025Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,595 shares; 2025Q2: 1,955 shares; 2025Q3: 1,092 shares; 2025Q4: 1,885 shares 1,885$367K0.02%+793Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,653 shares 1,653$354K0.02%newTimeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 867 shares; 2025Q4: 754 shares 754$339K0.02%-113Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,400 shares; 2025Q4: 1,450 shares 1,450$331K0.02%+50Timeline
VEUVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,292 shares; 2025Q1: 5,623 shares; 2025Q2: 5,623 shares; 2025Q3: 6,485 shares; 2025Q4: 4,431 shares 4,431$326K0.02%-2,054Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 489 shares; 2025Q2: 596 shares; 2025Q3: 506 shares; 2025Q4: 569 shares 569$325K0.02%+63Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,100 shares; 2025Q4: 2,882 shares 2,882$321K0.02%-218Timeline
LOWLOWES COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,291 shares 1,291$311K0.01%newTimeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 3,324 shares; 2025Q2: 4,029 shares; 2025Q3: 4,900 shares; 2025Q4: 4,276 shares 4,276$299K0.01%-624Timeline
XOMEXXON MOBIL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,100 shares; 2025Q4: 2,466 shares 2,466$297K0.01%+366Timeline
TLTISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,300 shares; 2024Q4: 11,005 shares; 2025Q1: 2,400 shares; 2025Q2: 3,300 shares; 2025Q3: 2,400 shares; 2025Q4: 3,300 shares 3,300$288K0.01%+900Timeline
XCCCBONDBLOXX ETF TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,700 shares; 2024Q4: 14,272 shares; 2025Q1: 12,922 shares; 2025Q2: 7,622 shares; 2025Q3: 6,156 shares; 2025Q4: 7,550 shares 7,550$287K0.01%+1,394Timeline
VTWOVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,340 shares; 2025Q1: 2,577 shares; 2025Q2: 2,877 shares; 2025Q3: 2,777 shares; 2025Q4: 2,677 shares 2,677$266K0.01%-100Timeline
HDHOME DEPOT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 662 shares; 2025Q2: 826 shares; 2025Q3: not reported; 2025Q4: 754 shares 754$259K0.01%newTimeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 5,598 shares; 2025Q1: 2,860 shares; 2025Q2: 2,860 shares; 2025Q3: 2,860 shares; 2025Q4: 2,860 shares 2,860$256K0.01%0Timeline
IEMGISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 387,800 shares; 2024Q4: 244,930 shares; 2025Q1: 3,817 shares; 2025Q2: 3,709 shares; 2025Q3: 3,709 shares; 2025Q4: 3,709 shares 3,709$249K0.01%0Timeline
RTXRTX CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,279 shares 1,279$235K0.01%newTimeline
NFLXNETFLIX INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,451 shares 2,451$230K0.01%newTimeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,441 shares 2,441$228K0.01%newTimeline
UBER TECHNOLOGIES INCUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,202 shares; 2025Q4: 2,783 shares 2,783$227K0.01%+581

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T PUTput2,080,100$1.24B-170,500
STATE STR SPDR S&P 500 ETF TSTATE STR SPDR S&P 500 ETF T CALLcall1,056,500$7.37M+33,000
NVIDIA CORPORATIONNVIDIA CORPORATION PUTput27,400$3.5M+9,200
CHENIERE ENERGY INCCHENIERE ENERGY INC PUTput25,000$3.28M0
APPLE INCAPPLE INC PUTput15,600$3.2M+2,000
NETFLIX INC.NETFLIX INC. CALLcall25,000$2.4Mnew
ISHARES TRISHARES TR PUTput10,600$1.57M0
AMAZON COM INCAMAZON COM INC PUTput8,400$1.51M0
META PLATFORMS INCMETA PLATFORMS INC PUTput2,700$1.49M0
BANK OF AMER CORPBANK OF AMER CORP PUTput19,800$990Knew
TESLA INCTESLA INC PUTput2,100$861Knew
SPDR GOLD TRSPDR GOLD TR PUTput1,900$733K-400
ISHARES TRISHARES TR PUTput6,400$275K0

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001591505-26-000002 base2026-02-11acceptance time not in the bulk data set