Swan Global Investments, LLC

Portfolio Overview

Swan Global Investments, LLC disclosed 76 positions worth $3.0B in its Form 13F-HR for Q1 2026 — $1.9B in common stock plus $1.1B of put/call option positions (reported at underlying notional value, not premium at risk), led by $SPY (SPDR S&P 500 ETF TRUST) puts, followed by $SPY. During the quarter the fund opened 2 new positions and exited 5 — including a new stake in $MU and a full exit from $NFLX. The portfolio is most concentrated in Other (98.9% of disclosed assets). All figures are sourced directly from Swan Global Investments, LLC’s Form 13F-HR filing with the SEC under CIK 1591505.

• 

  SPDR S&P 500 ETF TRUST

  $SPY PUT

  —

  Quality

  $1.1B1,839,600 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $647.3M995,392 sh

• ISHARES TR

  —

  Quality

  $396.2M606,594 sh

• PACER FDS TR

  —

  Quality

  $81.0M2,684,376 sh

• PACER FDS TR

  —

  Quality

  $75.4M2,365,077 sh

• SELECT SECTOR SPDR TR

  —

  Quality

  $74.3M559,388 sh

• PACER FDS TR

  —

  Quality

  $71.3M2,238,543 sh

• PACER FDS TR

  —

  Quality

  $69.1M2,274,467 sh

• PACER FDS TR

  —

  Quality

  $50.6M1,780,977 sh

• PACER FDS TR

  —

  Quality

  $39.6M1,370,850 sh

Company	Quality	Value	Shares
SPDR S&P 500 ETF TRUST$SPYPUT	—	$1.1B	1,839,600
SPDR S&P 500 ETF TRUST$SPY	—	$647.3M	995,392
ISHARES TR	—	$396.2M	606,594
PACER FDS TR	—	$81.0M	2,684,376
PACER FDS TR	—	$75.4M	2,365,077
SELECT SECTOR SPDR TR	—	$74.3M	559,388
PACER FDS TR	—	$71.3M	2,238,543
PACER FDS TR	—	$69.1M	2,274,467
PACER FDS TR	—	$50.6M	1,780,977
PACER FDS TR	—	$39.6M	1,370,850

Showing top 10 of 76 holdings.

Full Holdings — Swan Global Investments, LLC (Q1 2026)

All 76 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$SPYPUT	SPDR S&P 500 ETF TRUST	$1.1B	—	-12%	—
2	$SPY	SPDR S&P 500 ETF TRUST	$647.3M	34.8%	-8%	—
3	—	ISHARES TR	$396.2M	21.3%	-4%	—
4	—	PACER FDS TR	$81.0M	4.3%	-4%	—
5	—	PACER FDS TR	$75.4M	4.0%	+13%	—
6	—	SELECT SECTOR SPDR TR	$74.3M	4.0%	-23%	—
7	—	PACER FDS TR	$71.3M	3.8%	-4%	—
8	—	PACER FDS TR	$69.1M	3.7%	-4%	—
9	—	PACER FDS TR	$50.6M	2.7%	-4%	—
10	—	PACER FDS TR	$39.6M	2.1%	-4%	—
11	—	LISTED FD TR	$39.3M	2.1%	-43%	—
12	—	PACER FDS TR	$33.9M	1.8%	-4%	—
13	—	PACER FDS TR	$30.2M	1.6%	+28%	—
14	—	SELECT SECTOR SPDR TR	$28.2M	1.5%	-23%	—
15	—	PACER FDS TR	$27.2M	1.5%	-4%	—
16	—	PACER FDS TR	$24.5M	1.3%	-4%	—
17	—	SELECT SECTOR SPDR TR	$22.1M	1.2%	-23%	—
18	—	SELECT SECTOR SPDR TR	$21.7M	1.2%	-24%	—
19	—	SELECT SECTOR SPDR TR	$21.6M	1.2%	-23%	—
20	—	PACER FDS TR	$21.1M	1.1%	-4%	—
21	—	SELECT SECTOR SPDR TR	$20.1M	1.1%	-22%	—
22	—	PACER FDS TR	$13.1M	0.7%	-4%	—
23	—	SELECT SECTOR SPDR TR	$11.8M	0.6%	-23%	—
24	—	SELECT SECTOR SPDR TR	$9.1M	0.5%	-22%	—
25	$SPYCALL	SPDR S&P 500 ETF TRUST	$7.6M	—	-1%	—
26	—	SELECT SECTOR SPDR TR	$5.7M	0.3%	-23%	—
27	$NVDAPUT	NVIDIA CORP	$4.9M	—	+36%	90.2
28	—	SELECT SECTOR SPDR TR	$4.5M	0.2%	-23%	—
29	$STT	STATE STREET CORP	$4.3M	0.2%	-23%	61.5
30	$AAPLPUT	Apple Inc.	$3.1M	—	-13%	76.1
31	$LNGPUT	Cheniere Energy, Inc.	$2.0M	—	-66%	48.4
32	—	iShares MSCI EAFE ETF	$1.8M	—	-8%	—
33	$AMZNPUT	AMAZON COM INC	$1.5M	—	+0%	74.6
34	$METAPUT	Meta Platforms, Inc.	$1.5M	—	+0%	80.9
35	—	Swan Enhanced Dividend Income ETF	$1.3M	0.1%	-3%	—
36	$AAPL	Apple Inc.	$1.1M	0.1%	+10%	76.1
37	$NVDA	NVIDIA CORP	$1.1M	0.1%	+24%	90.2
38	—	BANK AMERICA CORP	$990,000	—	+0%	—
39	—	EA SERIES TRUST	$965,207	0.1%	-23%	—
40	$GLD	SPDR GOLD TRUST	$922,972	0.1%	-4%	—
41	$TSLAPUT	Tesla, Inc.	$861,000	—	+0%	50.1
42	$MSFT	MICROSOFT CORP	$834,363	0.0%	+27%	83.7
43	$AVGO	Broadcom Inc.	$814,011	0.0%	+42%	86.4
44	$GOOG	Alphabet Inc.	$796,254	0.0%	+8%	80.2
45	$AMZN	AMAZON COM INC	$669,172	0.0%	+14%	74.6
46	$SGOL	abrdn Gold ETF Trust	$660,376	0.0%	-17%	—
47	$META	Meta Platforms, Inc.	$628,771	0.0%	+5%	80.9
48	$LLY	ELI LILLY & Co	$612,567	0.0%	+4%	89.3
49	$JPM	JPMORGAN CHASE & CO	$607,146	0.0%	+11%	35.6
50	$BRK.B	BERKSHIRE HATHAWAY INC	$573,123	0.0%	+33%	64.5
51	$MU	MICRON TECHNOLOGY INC	$525,679	0.0%	NEW	88.4
52	$JNJ	JOHNSON & JOHNSON	$479,836	0.0%	+4%	72.8
53	$XOM	EXXON MOBIL CORP	$459,270	0.0%	+10%	61.8
54	$GE	GENERAL ELECTRIC CO	$423,385	0.0%	+13%	74.8
55	$CSCO	CISCO SYSTEMS, INC.	$419,452	0.0%	+10%	72.3
56	$V	VISA INC.	$385,960	0.0%	+11%	83.5
57	$AMD	ADVANCED MICRO DEVICES INC	$368,819	0.0%	+10%	78.8
58	$PLTR	Palantir Technologies Inc.	$361,165	0.0%	+10%	85.8
59	$GLDPUT	SPDR GOLD TRUST	$360,000	—	-53%	—
60	$WMT	Walmart Inc.	$338,414	0.0%	-6%	63.2
61	—	iShares MSCI Emerging Markets Indx ETF	$335,900	—	-2%	—
62	$MA	Mastercard Inc	$326,778	0.0%	+15%	81.7
63	$ABBV	AbbVie Inc.	$326,452	0.0%	+4%	59.3
64	—	VANGUARD INTL EQUITY INDEX F	$311,214	0.0%	-6%	—
65	$TSLA	Tesla, Inc.	$300,746	0.0%	+7%	50.1
66	—	IShares ETF-20yr	$277,408	0.0%	-3%	—
67	$HD	HOME DEPOT, INC.	$266,072	0.0%	+7%	69.2
68	$RTX	RTX Corp	$263,116	0.0%	+7%	70
69	$NFLX	NETFLIX INC	$256,624	0.0%	+9%	86.7
70	—	VANGUARD SCOTTSDALE FDS	$253,130	0.0%	-6%	—
71	—	ISHARES TR	$243,797	0.0%	-6%	—
72	—	ishares ETF - CORE MSCI EMKT	$237,150	0.0%	-8%	—
73	$CAT	CATERPILLAR INC	$235,917	0.0%	NEW	67.8
74	$WFC	WELLS FARGO & COMPANY/MN	$215,902	0.0%	+11%	—
75	$UBER	Uber Technologies, Inc	$213,560	0.0%	+7%	79.3
76	$KO	COCA COLA CO	$211,115	0.0%	-35%	74