Managers / Q2 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 $555M in U.S.-listed holdings across 6 positions for Q2 2024.
The portfolio is heavily concentrated: SPY alone accounts for 48.6% of reported value.
Compared with Q1 2024, 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% · $555M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| TLTiShares 20 Year Treasury Bond ETF USD Class | NEW | +503.9K | 503.9K | +$46M | $46M |
| KRESPDR S&P Regional Banking ETF USD Class | SOLD OUT | −884.2K | 0 | −$44M | $0 |
| SMHVanEck Semiconductor ETF USD Class | ADDED | +22.7K | 286.0K | +$15M | $75M |
| XLUUtilities Select Sector SPDR Fund USD Class | ADDED | +58.9K | 749.8K | +$6M | $51M |
| XLCCommunication Services Select Sector SPDR Fund USD Class | ADDED | +52.8K | 676.3K | +$7M | $58M |
| SPYSPDR S&P 500 ETF Trust USD Class | ADDED | +38.0K | 495.8K | +$30M | $270M |
| XBISPDR S&P Biotech ETF USD Class | ADDED | +45.7K | 598.2K | +$3M | $55M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF Trust USD Classhistory → | COM | 48.61% | $270M | 495.8K |
| 2 | SMHVanEck Semiconductor ETF USD Classhistory → | COM | 13.43% | $75M | 286.0K |
| 3 | XLCCommunication Services Select Sector SPDR Fund USD Classhistory → | COM | 10.44% | $58M | 676.3K |
| 4 | XBISPDR S&P Biotech ETF USD Classhistory → | COM | 9.99% | $55M | 598.2K |
| 5 | XLUUtilities Select Sector SPDR Fund USD Classhistory → | COM | 9.20% | $51M | 749.8K |
| 6 | TLTiShares 20 Year Treasury Bond ETF USD Classhistory → | COM | 8.33% | $46M | 503.9K |
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 ↗.