POTOMAC FUND MANAGEMENT INC /ADV

Filed: 11/12/2025ACC: 0000826000-25-000012

📋 What this filing means

POTOMAC FUND MANAGEMENT INC /ADV filed this quarterly 13F‑HR report disclosing 103 equity positions with a total reported market value of $2.36B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

103

Positions

$2.36B

Total AUM (reported)

30.57M

Total Shares

Allocation by class

0-3 MNTH TREASRY$941.95M39.9%

BLOOMBERG SIX MN$448.28M19.0%

DRX S&P500BULL$234.21M9.9%

ULTRPRO S&P500$233.64M9.9%

MAIN SECTR ROTN$50.23M2.1%

CCC RT USD HI YL$43.65M1.8%

COM$43.02M1.8%

Portfolio Concentration

Top 3$1.62B68.8%

4–10$456.45M19.3%

11–25$204.18M8.6%

Rest$76.74M3.2%

Top 3 weight

68.8%

Top 10 weight

88.1%

Voting Authority Distribution

Total shares with voting rights: 13.51M

Sole

Full voting authority

10.99M

% of voting shares81.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

2.53M

% of voting shares18.7%

Investment Discretion (by position count)

Sole103

Shared0

Other0

Dominant voting typeSole · 81.3% of voting shares

Institutional Holdings103

Rows:

iShares 0-3 Month Treasury Bond ETF

SOLE

0-3 MNTH TREASRY

Shares9.35M

TypeSH

Market value$941.95M

39.88%

Sole

455.06K

Shared

0.00

None

0.00

Bondbloxx Bloomberg Six Month Target Duration US Treasury ETF

SOLE

BLOOMBERG SIX MN

Shares8.89M

TypeSH

Market value$448.28M

18.98%

Sole

731.04K

Shared

0.00

None

0.00

Direxion Daily S&P 500 3X Bull Shares ETF

SOLE

DRX S&P500BULL

Shares1.11M

TypeSH

Market value$234.21M

9.92%

Sole

1.11M

Shared

0.00

None

0.00

ProShares UltraPro S&P 500

SOLE

ULTRPRO S&P500

Shares2.10M

TypeSH

Market value$233.64M

9.89%

Sole

2.10M

Shared

0.00

None

0.00

NORTHERN LTS FD TR IV

SOLE

MAIN SECTR ROTN

Shares797.10K

TypeSH

Market value$50.23M

2.13%

Sole

0.00

Shared

0.00

None

797.10K

BondBloxx CCC Rated USD High Yield Corporate Bond ETF

SOLE

CCC RT USD HI YL

Shares1.11M

TypeSH

Market value$43.65M

1.85%

Sole

1.11M

Shared

0.00

None

0.00

SPDR Bloomberg Convertible Securities ETF

SOLE

BBG CONV SEC ETF

Shares470.04K

TypeSH

Market value$42.54M

1.80%

Sole

470.04K

Shared

0.00

None

0.00

BondBloxx BB Rated USD High Yield Corporate Bond ETF

SOLE

BB RT USD HI YLD

Shares1M

TypeSH

Market value$41.55M

1.76%

Sole

Shared

0.00

None

0.00

IMGP DBI Managed Futures Strategy ETF

SOLE

IMGP DBI MANAGED

Shares821.76K

TypeSH

Market value$22.44M

0.95%

Sole

821.76K

Shared

0.00

None

0.00

iShares iBoxx High Yield Corporate Bond ETF

SOLE

IBOXX HI YD ETF

Shares275.94K

TypeSH

Market value$22.40M

0.95%

Sole

275.94K

Shared

0.00

None

0.00

The iShares U.S. Fallen Angels USD Bond ETF

SOLE

FALN ANGLS USD

Shares805.53K

TypeSH

Market value$22.38M

0.95%

Sole

805.53K

Shared

0.00

None

0.00

Vanguard Total Stock Market ETF

SOLE

TOTAL STK MKT

Shares60.74K

TypeSH

Market value$19.93M

0.84%

Sole

60.74K

Shared

0.00

None

0.00

WisdomTree U.S. Quality Dividend Growth Fund

SOLE

US QTLY DIV GRT

Shares222.77K

TypeSH

Market value$19.82M

0.84%

Sole

222.77K

Shared

0.00

None

0.00

SPDR Bloomberg Barclays High Yield Bond ETF

SOLE

BLOOMBERG HIGH Y

Shares201.97K

TypeSH

Market value$19.79M

0.84%

Sole

201.97K

Shared

0.00

None

0.00

WisdomTree Japan Hedged Equity Fund

SOLE

JAPN HEDGE EQT

Shares153.69K

TypeSH

Market value$19.68M

0.83%

Sole

153.69K

Shared

0.00

None

0.00

The Global X Silvers Miners ETF

SOLE

GLOBAL X SILVER

Shares175.36K

TypeSH

Market value$12.56M

0.53%

Sole

175.36K

Shared

0.00

None

0.00

ARK Innovation ETF

SOLE

INNOVATION ETF

Shares144.89K

TypeSH

Market value$12.50M

0.53%

Sole

144.89K

Shared

0.00

None

0.00

SPDR S&P Metals & Mining ETF

SOLE

S&P METALS MNG

Shares132.12K

TypeSH

Market value$12.31M

0.52%

Sole

132.12K

Shared

0.00

None

0.00

iShares U.S. Aerospace & Defense ETF

SOLE

US AER DEF ETF

Shares58.69K

TypeSH

Market value$12.28M

0.52%

Sole

58.69K

Shared

0.00

None

0.00

VanEck Vectors Semiconductor ETF

SOLE

SEMICONDUCTR ETF

Shares37.63K

TypeSH

Market value$12.28M

0.52%

Sole

37.63K

Shared

0.00

None

0.00

Global X SuperDividend ETF

SOLE

SUPERDIVIDEND

Shares504.97K

TypeSH

Market value$12.11M

0.51%

Sole

504.97K

Shared

0.00

None

0.00

iShares Latin America 40 ETF

SOLE

LATN AMER 40 ETF

Shares416.98K

TypeSH

Market value$12.05M

0.51%

Sole

416.98K

Shared

0.00

None

0.00

NORTHERN LTS FD TR IV

SOLE

MAIN BUYWRITE

Shares549.92K

TypeSH

Market value$7.81M

0.33%

Sole

0.00

Shared

0.00

None

549.92K

ADVISORS INNER CIRCLE FD II

SOLE

3EDGE DYNAMIC IN

Shares168.32K

TypeSH

Market value$4.67M

0.20%

Sole

0.00

Shared

0.00

None

168.32K

ADVISORS INNER CIRCLE FD II

SOLE

3EDGE DYNAMIC HA

Shares138.94K

TypeSH

Market value$4.01M

0.17%

Sole

0.00

Shared

0.00

None

138.94K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
iShares 0-3 Month Treasury Bond ETFSOLE	0-3 MNTH TREASRY	9.35M	SH	$941.95M 39.88%	455.06K	0.00
Bondbloxx Bloomberg Six Month Target Duration US Treasury ETFSOLE	BLOOMBERG SIX MN	8.89M	SH	$448.28M 18.98%	731.04K	0.00
Direxion Daily S&P 500 3X Bull Shares ETFSOLE	DRX S&P500BULL	1.11M	SH	$234.21M 9.92%	1.11M	0.00
ProShares UltraPro S&P 500SOLE	ULTRPRO S&P500	2.10M	SH	$233.64M 9.89%	2.10M	0.00
NORTHERN LTS FD TR IVSOLE	MAIN SECTR ROTN	797.10K	SH	$50.23M 2.13%	0.00	797.10K
BondBloxx CCC Rated USD High Yield Corporate Bond ETFSOLE	CCC RT USD HI YL	1.11M	SH	$43.65M 1.85%	1.11M	0.00
SPDR Bloomberg Convertible Securities ETFSOLE	BBG CONV SEC ETF	470.04K	SH	$42.54M 1.80%	470.04K	0.00
BondBloxx BB Rated USD High Yield Corporate Bond ETFSOLE	BB RT USD HI YLD	1M	SH	$41.55M 1.76%	1M	0.00
IMGP DBI Managed Futures Strategy ETFSOLE	IMGP DBI MANAGED	821.76K	SH	$22.44M 0.95%	821.76K	0.00
iShares iBoxx High Yield Corporate Bond ETFSOLE	IBOXX HI YD ETF	275.94K	SH	$22.40M 0.95%	275.94K	0.00
The iShares U.S. Fallen Angels USD Bond ETFSOLE	FALN ANGLS USD	805.53K	SH	$22.38M 0.95%	805.53K	0.00
Vanguard Total Stock Market ETFSOLE	TOTAL STK MKT	60.74K	SH	$19.93M 0.84%	60.74K	0.00
WisdomTree U.S. Quality Dividend Growth FundSOLE	US QTLY DIV GRT	222.77K	SH	$19.82M 0.84%	222.77K	0.00
SPDR Bloomberg Barclays High Yield Bond ETFSOLE	BLOOMBERG HIGH Y	201.97K	SH	$19.79M 0.84%	201.97K	0.00
WisdomTree Japan Hedged Equity FundSOLE	JAPN HEDGE EQT	153.69K	SH	$19.68M 0.83%	153.69K	0.00
The Global X Silvers Miners ETFSOLE	GLOBAL X SILVER	175.36K	SH	$12.56M 0.53%	175.36K	0.00
ARK Innovation ETFSOLE	INNOVATION ETF	144.89K	SH	$12.50M 0.53%	144.89K	0.00
SPDR S&P Metals & Mining ETFSOLE	S&P METALS MNG	132.12K	SH	$12.31M 0.52%	132.12K	0.00
iShares U.S. Aerospace & Defense ETFSOLE	US AER DEF ETF	58.69K	SH	$12.28M 0.52%	58.69K	0.00
VanEck Vectors Semiconductor ETFSOLE	SEMICONDUCTR ETF	37.63K	SH	$12.28M 0.52%	37.63K	0.00
Global X SuperDividend ETFSOLE	SUPERDIVIDEND	504.97K	SH	$12.11M 0.51%	504.97K	0.00
iShares Latin America 40 ETFSOLE	LATN AMER 40 ETF	416.98K	SH	$12.05M 0.51%	416.98K	0.00
NORTHERN LTS FD TR IVSOLE	MAIN BUYWRITE	549.92K	SH	$7.81M 0.33%	0.00	549.92K
ADVISORS INNER CIRCLE FD IISOLE	3EDGE DYNAMIC IN	168.32K	SH	$4.67M 0.20%	0.00	168.32K
ADVISORS INNER CIRCLE FD IISOLE	3EDGE DYNAMIC HA	138.94K	SH	$4.01M 0.17%	0.00	138.94K

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