Second Line Capital, LLC
•CIK: 1992879•Filing: Q4 2025
**Second Line Capital, LLC** manages $487M across a diverse portfolio of 166 positions. The firm maintains significant exposure to key names, notably holding ACIO at $54.7M and DRSK at $38.1M. Further concentration is evident in IDUB ($33.0M) and SPDW ($26.3M), suggesting targeted sector or thematic bets. This allocation profile indicates a conviction-driven approach utilizing substantial capital deployment into select high-conviction names.
Total AUM
$486.6M
QoQ Performance
+0.7%
Positions
129
Top 10 Concentration
54.6%
Latest Filing
Q4 2025
Top Holdings Allocation
ACIO
DRSK
IDUB
SPDW
ACIO11.2%
DRSK7.8%
IDUB6.8%
SPDW5.4%
ADME4.6%
SPY4.6%
OSCV4.4%
JUCY3.8%
📈 Biggest Buys
📉 Biggest Sells
Sector Breakdown
Other76.4%
Technology7.3%
ETF5.4%
Consumer4.3%
Financial3.0%
Energy1.2%
Healthcare0.7%
Real Estate0.6%
🚪 Exited Positionssold since Q3 2025
+6 more exited positions
Changes from Q3 2025
NEW17 new positions
↑93 increased
↓41 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023