Managers / Q3 2021 · view latest →
Main Management Fund Advisors LLC
CIK 0001862787 · 601 CALIFORNIA STREET, SUITE 300, SAN FRANCISCO, CA, 94108 · 4152175800
Summary
Main Management Fund Advisors LLC reported $130M in U.S.-listed holdings across 7 positions for Q3 2021.
The portfolio is heavily concentrated: SPY alone accounts for 43.1% of reported value.
Compared with Q2 2021, the fund opened 1 new position and exited 0.
Portfolio Metrics
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
Portfolio Composition
- ETP · 100.0% · $130M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| OIHVanEck Oil Services ETF | NEW | +31.6K | 31.6K | +$6M | $6M |
| QQQInvesco QQQ Trust Series 1 | TRIMMED | −14.8K | 55.2K | −$5M | $20M |
| SPYSPDR S&P 500 ETF Trust | HELD | +6.1K | 130.0K | +$3M | $56M |
| IWMiShares Russell 2000 ETF | HELD | +3.9K | 89.2K | −$52,000 | $20M |
| EEMiShares MSCI Emerging Markets ETF | HELD | +14.8K | 340.1K | −$806,000 | $17M |
| KUREKraneshares MSCI All China Health Care Index ETF | HELD | +2.4K | 72.4K | −$482,000 | $3M |
| DIASPDR Dow Jones Industrial Average ETF Trust | HELD | +800 | 24.8K | +$111,000 | $8M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF Trusthistory → | COM | 43.07% | $56M | 130.0K |
| 2 | QQQInvesco QQQ Trust Series 1history → | COM | 15.26% | $20M | 55.2K |
| 3 | IWMiShares Russell 2000 ETFhistory → | COM | 15.07% | $20M | 89.2K |
| 4 | EEMiShares MSCI Emerging Markets ETFhistory → | COM | 13.23% | $17M | 340.1K |
| 5 | DIASPDR Dow Jones Industrial Average ETF Trusthistory → | COM | 6.48% | $8M | 24.8K |
| 6 | OIHVanEck Oil Services ETFhistory → | COM | 4.81% | $6M | 31.6K |
| 7 | KUREKraneshares MSCI All China Health Care Index ETFhistory → | COM | 2.09% | $3M | 72.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.2B | 8 | May 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.1B | 7 | Feb 10, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.0B | 8 | Nov 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $839M | 6 | Aug 12, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $682M | 6 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $655M | 6 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $583M | 5 | Nov 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $555M | 6 | Aug 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $492M | 6 | May 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $357M | 6 | Feb 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $344M | 8 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $310M | 8 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $229M | 8 | May 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $159M | 8 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $139M | 8 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $141M | 8 | Aug 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $155M | 7 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $140M | 6 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $130M | 7 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $127M | 6 | Aug 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $114M | 6 | May 17, 2021 | 13F-HR | changes · 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 ↗.