SEC 13F Intelligence

Managers / Q4 2025 · view latest →

Main Management ETF Advisors, LLC

CIK 0001698607 · 601 CALIFORNIA STREET, SUITE 300, SAN FRANCISCO, CA, 94108 · 415-217-5800

Reported Value
$2.8B
Q4 2025
Positions
124
Filings on Record
30
2019–present window
Filed
Feb 10, 2026
original filing

Summary

Main Management Etf Advisors, LLC reported $2.8B in U.S.-listed holdings across 124 positions for Q4 2025.

The portfolio is heavily concentrated: XLK alone accounts for 28.3% of reported value.

Compared with Q3 2025, the fund opened 3 new positions and exited 1.

Portfolio Metrics

Turnover
+10.8%
vs prior filed quarter
Top-10 Concentration
+89.7%
share of reported value
Largest Position
+28.3%
State Street Technology Select Sector Spdr Etf Usd Class
New / Exited
3 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $431MQ1 ’19Q2 ’19: $434MQ3 ’19: $460MQ4 ’19: $516MQ1 ’20: $418MQ1 ’20Q2 ’20: $530MQ3 ’20: $567MQ4 ’20: $639MQ1 ’21: $847MQ1 ’21Q2 ’21: $960MQ3 ’21: $990MQ4 ’21: $1.1BQ1 ’22: $1.1BQ1 ’22Q2 ’22: $901MQ3 ’22: $871MQ4 ’22: $1.1BQ1 ’23: $1.2BQ1 ’23Q2 ’23: $1.4BQ3 ’23: $1.4BQ4 ’23: $1.7BQ1 ’24: $1.9BQ1 ’24Q2 ’24: $2.0BQ3 ’24: $2.1BQ4 ’24: $2.2BQ1 ’25: $2.1BQ1 ’25Q2 ’25: $2.4BQ3 ’25: $2.7BQ4 ’25: $2.8BQ1 ’26: $2.7BQ1 ’26filingsflow.com

Portfolio Composition

By security type
ETP: 93.0%Common Stock: 5.9%ADR: 0.8%Other: 0.2%Open-End Fund: 0.0%
  • ETP · 93.0% · $2.6B
  • Common Stock · 5.9% · $167M
  • ADR · 0.8% · $22M
  • Other · 0.2% · $6M
  • Open-End Fund · 0.0% · $648,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
XLBState Street Materials Select Sector SPDR ETF USD ClassNEW+1.60M1.60M+$73M$73M
EIDOiShares MSCI Indonesia ETF USD ClassNEW+447.4K447.4K+$8M$8M
FLCHFranklin FTSE China ETFNEW+198.2K198.2K+$5M$5M
NFLXNetflix Inc.ADDED+6.9K7.7K−$208,000$721,000
XLYState Street Consumer Discretionary Select Sector SPDR ETFADDED+1.17M2.08M+$29M$248M
XLKState Street Technology Select Sector SPDR ETF USD ClassADDED+2.82M5.51M+$36M$793M
FLMXFranklin FTSE Mexico ETFSOLD OUT−260.1K0−$9M$0
TRIXXState Street SweepTRIMMED−18.52M647.5K−$19M$648,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2025

124 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1XLKState Street Technology Select Sector SPDR ETF USD Classhistory →COM28.25%$793M5.51M
2XLVState Street Health Care Select Sector SPDR ETF USD Classhistory →COM15.77%$442M2.86M
3XLFState Street Financial Select Sector SPDR ETF USD Classhistory →COM14.66%$411M7.51M
4XLCState Street Communication Services Select Sector SPDR ETFhistory →COM13.11%$368M3.12M
5XLYState Street Consumer Discretionary Select Sector SPDR ETFhistory →COM8.85%$248M2.08M
6XLBState Street Materials Select Sector SPDR ETF USD Classhistory →COM2.59%$73M1.60M
7IDEViShares Core MSCI International Developed Markets ETFhistory →COM2.38%$67M809.4K
8ITBiShares U.S. Home Construction ETF USD Classhistory →COM2.21%$62M643.5K
9IEMGiShares Core MSCI Emerging Markets ETF USD Classhistory →COM1.00%$28M418.9K
10SMHVanEck Semiconductor ETF USD Classhistory →COM0.87%$24M67.8K
11IGViShares Expanded Tech-Software Sector ETF USD Classhistory →COM0.85%$24M225.6K
12State Street SPDR Portfolio Europe ETFCOM0.75%$21M403.9K
13SPDR Portfolio Emerging Markets ETF USD ClassCOM0.42%$12M249.1K
14KraneShares CSI China Internet ETFCOM0.36%$10M295.6K
15VPLVanguard FTSE Pacific ETFCOM0.34%$9M105.0K
16EIDOiShares MSCI Indonesia ETF USD ClassCOM0.30%$8M447.4K
17NETCloudflare Inc.COM0.30%$8M42.3K
18NVDANVIDIA CorporationCOM0.27%$8M40.7K
19ORCLOracle CorporationCOM0.17%$5M24.3K
20FLCHFranklin FTSE China ETFCOM0.17%$5M198.2K
21RBRKRubrik Inc.COM0.17%$5M61.1K
22AVGOBroadcom Inc.COM0.15%$4M12.5K
23FLCAFranklin FTSE Canada ETF USD ClassCOM0.15%$4M88.4K
24SNOWSnowflake Inc. Common StockCOM0.15%$4M18.8K
25NBISNebius Group N.V.COM0.14%$4M46.2K
26CRWDCrowdstrike Holdings Inc.COM0.13%$4M7.8K
27MUMicron Technology Inc.COM0.13%$4M12.5K
28CRDOCredo Technology Group Holding Ltd.COM0.12%$3M22.7K
29ALABAstera Labs Inc.COM0.11%$3M18.8K
30SESea Ltd.COM0.11%$3M24.3K
31COHRCoherent CorporationCOM0.11%$3M16.4K
32ZSZscaler Inc.COM0.10%$3M12.5K
33GHGuardant Health Inc.COM0.10%$3M26.6K
34MSFTMicrosoft CorporationCOM0.09%$3M5.5K
35ARGXArgenx S.E.COM0.09%$3M3.1K
36Dlocal Ltd./UruguayCOM0.09%$3M179.3K
37SHOPShopify Inc.COM0.09%$3M15.7K
38KRYSKrystal Biotech Inc.COM0.09%$3M10.2K
39SOFISoFi Technologies Inc.COM0.09%$2M94.7K
40ASNDAscendis Pharma A/SCOM0.08%$2M11.0K
41BBIOBridgebio Pharma Inc.COM0.08%$2M30.5K
42XPEVXPeng Inc.COM0.08%$2M115.1K
43INSMInsmed Inc.COM0.08%$2M13.3K
44CVNACarvana CompanyCOM0.08%$2M5.5K
45GENGen Digital Inc.COM0.08%$2M83.8K
46AVAVAeroVironment Inc.COM0.08%$2M9.4K
47TTWOTake-Two Interactive Software Inc.COM0.08%$2M8.6K
48NTRANatera Inc.COM0.08%$2M9.4K
49CORZCore Scientific Inc.COM0.08%$2M147.2K
50APPAppLovin CorporationCOM0.08%$2M3.1K
51CyberArk Software Ltd.COM0.07%$2M4.7K
52SAILSailPoint Inc.COM0.07%$2M102.6K
53Global-e Online Ltd.COM0.07%$2M52.5K
54WGSGeneDx Holdings CorporationCOM0.07%$2M15.7K
55LRCXLam Research CorporationCOM0.07%$2M11.7K
56KSPIKaspi.KZ JSCCOM0.07%$2M25.1K
57RBLXROBLOX CorporationCOM0.07%$2M23.5K
58GMEDGlobus Medical Inc.COM0.07%$2M21.1K
59AMDAdvanced Micro Devices Inc.COM0.07%$2M8.6K
60QBTSD-Wave Quantum Inc.COM0.06%$2M69.7K
61PLTRPalantir Technologies Inc.COM0.06%$2M10.2K
62GENIGenius Sports Ltd.COM0.06%$2M163.6K
63fuboTV Inc.COM0.06%$2M698.4K
64NOKNokia OYJCOM0.06%$2M269.4K
65SERVServe Robotics Inc.COM0.06%$2M166.8K
66NUNU Holdings Ltd./Cayman IslandsCOM0.06%$2M97.1K
67DDOGDatadog Inc.COM0.06%$2M11.7K
68GLXYGalaxy Digital Inc.COM0.06%$2M71.3K
69MELIMercadoLibre Inc.COM0.06%$2M783
70TEMTempus AI Inc.COM0.06%$2M26.6K
71PODDInsulet CorporationCOM0.06%$2M5.5K
72INTUIntuit Inc.COM0.06%$2M2.3K
73VNETVnet Group Inc.COM0.06%$2M183.2K
74PGYPagaya Technologies Ltd.COM0.05%$2M72.0K
75RGTIRigetti Computing Inc.COM0.05%$1M64.2K
76GWREGuidewire Software Inc.COM0.05%$1M7.0K
77JDJD.com Inc.COM0.05%$1M47.0K
78FLUTFlutter Entertainment plcCOM0.05%$1M6.3K
79RELYRemitly Global Inc.COM0.05%$1M96.3K
80HUYAHUYA Inc.COM0.05%$1M460.4K
81TCOMTrip.com Group Ltd.COM0.05%$1M18.0K
82GTLBGitlab Inc.COM0.05%$1M33.7K
83CRWVCoreWeave Inc.COM0.04%$1M17.2K
84SSentinelOne Inc.COM0.04%$1M82.2K
85VEEVVeeva Systems Inc.COM0.04%$1M5.5K
86AMBAAmbarella Inc.COM0.04%$1M17.2K
87SGHCSuper Group SGHC Ltd.COM0.04%$1M100.2K
88IONQIonQ Inc.COM0.04%$1M26.6K
89OUSTOuster Inc.COM0.04%$1M54.8K
90PEGAPegasystems Inc.COM0.04%$1M19.6K
91EBAYeBay Inc.COM0.04%$1M13.3K
92CSGPCoStar Group Inc.COM0.04%$1M17.2K
93HSAIHesai GroupCOM0.04%$1M50.1K
94NBIXNeurocrine Biosciences Inc.COM0.04%$1M7.8K
95ADIAnalog Devices Inc.COM0.04%$1M3.9K
96JBTMJBT Marel CorporationCOM0.04%$1M7.0K
97TOSTToast Inc.COM0.04%$1M29.0K
98UPSTUpstart Holdings Inc.COM0.04%$1M23.5K
99Oddity Tech Ltd.COM0.04%$1M25.1K
100ZBHZimmer Biomet Holdings Inc.COM0.04%$986,00011.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$2.7B116May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$2.8B124Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$2.7B124Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.4B139Aug 12, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.1B138May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.2B147Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.1B150Nov 15, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.0B40Aug 15, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.9B42May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.7B42Feb 15, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.4B41Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.4B37Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.2B38May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B35Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$871M27Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$901M25Aug 11, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.1B26May 10, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.1B28Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$990M27Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$960M27Nov 4, 2021RESTATEMENTchanges · EDGAR ↗
Q1 2021$847M26May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$639M14Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$567M13Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$530M13Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$418M12May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$516M12Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$460M12Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$434M11Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$431M12May 13, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.