Managers / Q1 2024 · 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 $492M in U.S.-listed holdings across 6 positions for Q1 2024.
The portfolio is heavily concentrated: SPY alone accounts for 48.7% of reported value.
Compared with Q4 2023, the fund opened 1 new position and exited 1.
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% · $492M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XLUUtilities Select Sector SPDR Fund USD Class | NEW | +690.9K | 690.9K | +$45M | $45M |
| TFLOiShares Treasury Floating Rate Bond ETF | SOLD OUT | −77.0K | 0 | −$4M | $0 |
| XBISPDR S&P Biotech ETF USD Class | ADDED | +81.0K | 552.5K | +$10M | $52M |
| SPYSPDR S&P 500 ETF Trust USD Class | ADDED | +63.0K | 457.8K | +$52M | $239M |
| XLCCommunication Services Select Sector SPDR Fund USD Class | ADDED | +66.5K | 623.5K | +$10M | $51M |
| KRESPDR S&P Regional Banking ETF USD Class | ADDED | +92.2K | 884.2K | +$3M | $44M |
| SMHVanEck Semiconductor ETF USD Class | ADDED | +26.6K | 263.3K | +$18M | $59M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF Trust USD Classhistory → | COM | 48.68% | $239M | 457.8K |
| 2 | SMHVanEck Semiconductor ETF USD Classhistory → | COM | 12.04% | $59M | 263.3K |
| 3 | XBISPDR S&P Biotech ETF USD Classhistory → | COM | 10.66% | $52M | 552.5K |
| 4 | XLCCommunication Services Select Sector SPDR Fund USD Classhistory → | COM | 10.35% | $51M | 623.5K |
| 5 | XLUUtilities Select Sector SPDR Fund USD Classhistory → | COM | 9.22% | $45M | 690.9K |
| 6 | KRESPDR S&P Regional Banking ETF USD Classhistory → | COM | 9.04% | $44M | 884.2K |
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 ↗.