# EDGAR Filing Document

**Accession Number:** 0001698607
**File Stem:** 0001698607-25-000004
**Filing Date:** 2025-11
**Character Count:** 15783
**Document Hash:** b59c3dabbb1eb82edf6885d4cd012086
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001698607-25-000004.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001698607-25-000004

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Main Management ETF Advisors, LLC
- **CENTRAL INDEX KEY:** 0001698607

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18707
- **FILM NUMBER:** 251484901

**BUSINESS ADDRESS:**
- **STREET 1:** 601 CALIFORNIA STREET
- **STREET 2:** SUITE 300
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
- **BUSINESS PHONE:** 415-217-5800

**MAIL ADDRESS:**
- **STREET 1:** 601 CALIFORNIA STREET
- **STREET 2:** SUITE 300
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Main Management ETF Advisors LLC<br>**Address:** 601 CALIFORNIA STREET<br>SUITE 300<br>SAN FRANCISCO, CA 94108

**Form 13F File Number:** 028-18707

**CRD Number (if applicable):** 000288558

**SEC File Number (if applicable):** 801-110799

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Hafeez Esmail<br>**Title:** CCO<br>**Phone:** 415-217-5805

**Signature, Place, and Date of Signing:**

Hafeez Esmail  San Francsico, CA  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 124

**Form 13F Information Table Value Total:** $2700137

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| State Street Institutional Treasury MM Fund | COM | 857492888 |  | 17468 | 17467724 | SH |  | SOLE |  | 17467724 | 0 | 0 |
| iShares Expanded Tech-Software Sector ETF USD Class | COM | 464287515 |  | 136880 | 1190154 | SH |  | SOLE |  | 1190154 | 0 | 0 |
| iShares U.S. Home Construction ETF USD Class | COM | 464288752 |  | 67289 | 627402 | SH |  | SOLE |  | 627402 | 0 | 0 |
| VanEck Semiconductor ETF USD Class | COM | 92189F676 |  | 146088 | 447627 | SH |  | SOLE |  | 447627 | 0 | 0 |
| Communication Services Select Sector SPDR Fund USD Class | COM | 81369Y852 |  | 360521 | 3045715 | SH |  | SOLE |  | 3045715 | 0 | 0 |
| Financial Select Sector SPDR Fund USD Class | COM | 81369Y605 |  | 314060 | 5829961 | SH |  | SOLE |  | 5829961 | 0 | 0 |
| Technology Select Sector SPDR Fund USD Class | COM | 81369Y803 |  | 756568 | 2684198 | SH |  | SOLE |  | 2684198 | 0 | 0 |
| Health Care Select Sector SPDR Fund USD Class | COM | 81369Y209 |  | 321793 | 2312232 | SH |  | SOLE |  | 2312232 | 0 | 0 |
| Consumer Discretionary Select Sector SPDR Fund | COM | 81369Y407 |  | 219045 | 914057 | SH |  | SOLE |  | 914057 | 0 | 0 |
| Franklin FTSE Mexico ETF | COM | 35473P736 |  | 8629 | 260076 | SH |  | SOLE |  | 260076 | 0 | 0 |
| iShares Core MSCI International Developed Markets ETF | COM | 46435G326 |  | 58444 | 729000 | SH |  | SOLE |  | 729000 | 0 | 0 |
| SPDR Portfolio Europe ETF | COM | 78463X103 |  | 18425 | 369900 | SH |  | SOLE |  | 369900 | 0 | 0 |
| State Street Institutional Treasury MM Fund | COM | 857492888 |  | 777 | 776679 | SH |  | SOLE |  | 776679 | 0 | 0 |
| Franklin FTSE Canada ETF USD Class | COM | 35473P827 |  | 3678 | 81000 | SH |  | SOLE |  | 81000 | 0 | 0 |
| iShares Core MSCI Emerging Markets ETF USD Class | COM | 46434G103 |  | 25986 | 394200 | SH |  | SOLE |  | 394200 | 0 | 0 |
| KraneShares CSI China Internet ETF | COM | 500767306 |  | 15624 | 371916 | SH |  | SOLE |  | 371916 | 0 | 0 |
| SPDR Portfolio Emerging Markets ETF USD Class | COM | 78463X509 |  | 10681 | 228178 | SH |  | SOLE |  | 228178 | 0 | 0 |
| Vanguard FTSE Pacific ETF | COM | 922042866 |  | 8301 | 94500 | SH |  | SOLE |  | 94500 | 0 | 0 |
| ACV Auctions Inc. | COM | 00091G104 |  | 806 | 81375 | SH |  | SOLE |  | 81375 | 0 | 0 |
| ATS Corporation | COM | 00217Y104 |  | 772 | 29450 | SH |  | SOLE |  | 29450 | 0 | 0 |
| Advanced Micro Devices Inc. | COM | 007903107 |  | 1379 | 8525 | SH |  | SOLE |  | 8525 | 0 | 0 |
| AeroVironment Inc. | COM | 008073108 |  | 2928 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| Analog Devices Inc. | COM | 032654105 |  | 952 | 3875 | SH |  | SOLE |  | 3875 | 0 | 0 |
| AppLovin Corporation | COM | 03831W108 |  | 2227 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| Argenx S.E. | COM | 04016X101 |  | 2286 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| Ascendis Pharma A/S | COM | 04351P101 |  | 2157 | 10850 | SH |  | SOLE |  | 10850 | 0 | 0 |
| Astera Labs Inc. | COM | 04626A103 |  | 3642 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| Bridgebio Pharma Inc. | COM | 10806X102 |  | 1570 | 30225 | SH |  | SOLE |  | 30225 | 0 | 0 |
| Broadcom Inc. | COM | 11135F101 |  | 4091 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| Carvana Company | COM | 146869102 |  | 2047 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| Circle Internet Group Inc. | COM | 172573107 |  | 822 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| Cisco Systems Inc. | COM | 17275R102 |  | 848 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| Cloudflare Inc. | COM | 18915M107 |  | 8980 | 41849 | SH |  | SOLE |  | 41849 | 0 | 0 |
| Coherent Corporation | COM | 19247G107 |  | 1753 | 16275 | SH |  | SOLE |  | 16275 | 0 | 0 |
| Coreweave Inc. | COM | 21873S108 |  | 2333 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |
| Core Scientific Inc. | COM | 21874A106 |  | 2614 | 145700 | SH |  | SOLE |  | 145700 | 0 | 0 |
| CoStar Group Inc. | COM | 22160N109 |  | 1439 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |
| Crowdstrike Holdings Inc. | COM | 22788C105 |  | 3800 | 7749 | SH |  | SOLE |  | 7749 | 0 | 0 |
| Datadog Inc. | COM | 23804L103 |  | 1655 | 11625 | SH |  | SOLE |  | 11625 | 0 | 0 |
| Deere  Company | COM | 244199105 |  | 709 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| DraftKings Inc. | COM | 26142V105 |  | 1043 | 27900 | SH |  | SOLE |  | 27900 | 0 | 0 |
| D-Wave Quantum Inc. | COM | 26740W109 |  | 1704 | 68975 | SH |  | SOLE |  | 68975 | 0 | 0 |
| eBay Inc. | COM | 278642103 |  | 1198 | 13175 | SH |  | SOLE |  | 13175 | 0 | 0 |
| Emerson Electric Company | COM | 291011104 |  | 610 | 4650 | SH |  | SOLE |  | 4650 | 0 | 0 |
| FuboTV Inc. | COM | 35953D104 |  | 2869 | 691300 | SH |  | SOLE |  | 691300 | 0 | 0 |
| Galaxy Digital Inc. | COM | 36317J209 |  | 2384 | 70525 | SH |  | SOLE |  | 70525 | 0 | 0 |
| Gitlab Inc. | COM | 37637K108 |  | 1502 | 33325 | SH |  | SOLE |  | 33325 | 0 | 0 |
| Globus Medical Inc. | COM | 379577208 |  | 1198 | 20925 | SH |  | SOLE |  | 20925 | 0 | 0 |
| Guardant Health Inc. | COM | 40131M109 |  | 1646 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| Guidewire Software Inc. | COM | 40171V100 |  | 1603 | 6975 | SH |  | SOLE |  | 6975 | 0 | 0 |
| Hesai Group | COM | 428050108 |  | 1394 | 49600 | SH |  | SOLE |  | 49600 | 0 | 0 |
| HUYA Inc. | COM | 44852D108 |  | 1517 | 455700 | SH |  | SOLE |  | 455700 | 0 | 0 |
| Insmed Inc. | COM | 457669307 |  | 1897 | 13175 | SH |  | SOLE |  | 13175 | 0 | 0 |
| Insulet Corporation | COM | 45784P101 |  | 1675 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| International Business Machines Corporation | COM | 459200101 |  | 656 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| Intuit Inc. | COM | 461202103 |  | 1588 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| IonQ Inc. | COM | 46222L108 |  | 1621 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| JD.com Inc. | COM | 47215P106 |  | 1627 | 46500 | SH |  | SOLE |  | 46500 | 0 | 0 |
| JBT Marel Corporation | COM | 477839104 |  | 980 | 6975 | SH |  | SOLE |  | 6975 | 0 | 0 |
| Kaspi.KZ JSC | COM | 48581R205 |  | 2026 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| Krystal Biotech Inc. | COM | 501147102 |  | 1779 | 10075 | SH |  | SOLE |  | 10075 | 0 | 0 |
| Lam Research Corporation | COM | 512807306 |  | 1557 | 11625 | SH |  | SOLE |  | 11625 | 0 | 0 |
| Legend Biotech Corporation | COM | 52490G102 |  | 859 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| MARA Holdings Inc. | COM | 565788106 |  | 1712 | 93775 | SH |  | SOLE |  | 93775 | 0 | 0 |
| MercadoLibre Inc. | COM | 58733R102 |  | 1811 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| Microsoft Corporation | COM | 594918104 |  | 2810 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| Micron Technology Inc. | COM | 595112103 |  | 2075 | 12400 | SH |  | SOLE |  | 12400 | 0 | 0 |
| Natera Inc. | COM | 632307104 |  | 1497 | 9300 | SH |  | SOLE |  | 9300 | 0 | 0 |
| Netflix Inc. | COM | 64110L106 |  | 929 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| Neurocrine Biosciences Inc. | COM | 64125C109 |  | 1088 | 7750 | SH |  | SOLE |  | 7750 | 0 | 0 |
| Nokia OYJ | COM | 654902204 |  | 1282 | 266600 | SH |  | SOLE |  | 266600 | 0 | 0 |
| Gen Digital Inc. | COM | 668771108 |  | 2354 | 82925 | SH |  | SOLE |  | 82925 | 0 | 0 |
| NVIDIA Corporation | COM | 67066G104 |  | 7519 | 40300 | SH |  | SOLE |  | 40300 | 0 | 0 |
| Oracle Corporation | COM | 68389X105 |  | 6757 | 24025 | SH |  | SOLE |  | 24025 | 0 | 0 |
| Ouster Inc. | COM | 68989M202 |  | 1467 | 54250 | SH |  | SOLE |  | 54250 | 0 | 0 |
| Palantir Technologies Inc. | COM | 69608A108 |  | 1838 | 10075 | SH |  | SOLE |  | 10075 | 0 | 0 |
| Pegasystems Inc. | COM | 705573103 |  | 1114 | 19375 | SH |  | SOLE |  | 19375 | 0 | 0 |
| PROCEPT BioRobotics Corporation | COM | 74276L105 |  | 1051 | 29450 | SH |  | SOLE |  | 29450 | 0 | 0 |
| Quantum Computing Inc. | COM | 74766W108 |  | 1198 | 65100 | SH |  | SOLE |  | 65100 | 0 | 0 |
| Remitly Global Inc. | COM | 75960P104 |  | 1554 | 95325 | SH |  | SOLE |  | 95325 | 0 | 0 |
| Rigetti Computing Inc. | COM | 76655K103 |  | 1893 | 63550 | SH |  | SOLE |  | 63550 | 0 | 0 |
| ROBLOX Corporation | COM | 771049103 |  | 3221 | 23250 | SH |  | SOLE |  | 23250 | 0 | 0 |
| Rubrik Inc. | COM | 781154109 |  | 4972 | 60450 | SH |  | SOLE |  | 60450 | 0 | 0 |
| Rumble Inc. | COM | 78137L105 |  | 971 | 134075 | SH |  | SOLE |  | 134075 | 0 | 0 |
| Sezzle Inc. | COM | 78435P105 |  | 555 | 6974 | SH |  | SOLE |  | 6974 | 0 | 0 |
| SailPoint Inc. | COM | 78781J109 |  | 2242 | 101525 | SH |  | SOLE |  | 101525 | 0 | 0 |
| Sea Ltd. | COM | 81141R100 |  | 4294 | 24025 | SH |  | SOLE |  | 24025 | 0 | 0 |
| GeneDx Holdings Corporation | COM | 81663L200 |  | 1670 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| SentinelOne Inc. | COM | 81730H109 |  | 1433 | 81375 | SH |  | SOLE |  | 81375 | 0 | 0 |
| Serve Robotics Inc. | COM | 81758H106 |  | 1920 | 165075 | SH |  | SOLE |  | 165075 | 0 | 0 |
| Shopify Inc. | COM | 82509L107 |  | 2303 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| Siemens Healthineers A.G. | COM | 82622J104 |  | 923 | 34100 | SH |  | SOLE |  | 34100 | 0 | 0 |
| Snowflake Inc. Common Stock | COM | 833445109 |  | 4195 | 18600 | SH |  | SOLE |  | 18600 | 0 | 0 |
| SoFi Technologies Inc. | COM | 83406F102 |  | 2478 | 93775 | SH |  | SOLE |  | 93775 | 0 | 0 |
| SoundHound AI Inc. | COM | 836100107 |  | 1433 | 89125 | SH |  | SOLE |  | 89125 | 0 | 0 |
| State Street Institutional Treasury MM Fund | COM | 857492888 |  | 923 | 922600 | SH |  | SOLE |  | 922600 | 0 | 0 |
| Take-Two Interactive Software Inc. | COM | 874054109 |  | 2203 | 8525 | SH |  | SOLE |  | 8525 | 0 | 0 |
| Tempus AI Inc. | COM | 88023B103 |  | 2127 | 26350 | SH |  | SOLE |  | 26350 | 0 | 0 |
| Tencent Music Entertainment Group | COM | 88034P109 |  | 1248 | 53475 | SH |  | SOLE |  | 53475 | 0 | 0 |
| Toast Inc. | COM | 888787108 |  | 1047 | 28675 | SH |  | SOLE |  | 28675 | 0 | 0 |
| Trip.com Group Ltd. | COM | 89677Q107 |  | 1340 | 17825 | SH |  | SOLE |  | 17825 | 0 | 0 |
| Vnet Group Inc. | COM | 90138A103 |  | 1873 | 181350 | SH |  | SOLE |  | 181350 | 0 | 0 |
| Upstart Holdings Inc. | COM | 91680M107 |  | 1181 | 23250 | SH |  | SOLE |  | 23250 | 0 | 0 |
| Veeva Systems Inc. | COM | 922475108 |  | 1616 | 5425 | SH |  | SOLE |  | 5425 | 0 | 0 |
| WeRide Inc. | COM | 950915108 |  | 1051 | 106175 | SH |  | SOLE |  | 106175 | 0 | 0 |
| XPeng Inc. | COM | 98422D105 |  | 2668 | 113925 | SH |  | SOLE |  | 113925 | 0 | 0 |
| Zimmer Biomet Holdings Inc. | COM | 98956P102 |  | 1069 | 10850 | SH |  | SOLE |  | 10850 | 0 | 0 |
| Zscaler Inc. | COM | 98980G102 |  | 3715 | 12399 | SH |  | SOLE |  | 12399 | 0 | 0 |
| Ambarella Inc. | COM | G037AX101 |  | 1407 | 17050 | SH |  | SOLE |  | 17050 | 0 | 0 |
| Credo Technology Group Holding Ltd. | COM | G25457105 |  | 3273 | 22475 | SH |  | SOLE |  | 22475 | 0 | 0 |
| Dlocal Ltd./Uruguay | COM | G29018101 |  | 2534 | 177475 | SH |  | SOLE |  | 177475 | 0 | 0 |
| Flutter Entertainment plc | COM | G3643J108 |  | 1575 | 6200 | SH |  | SOLE |  | 6200 | 0 | 0 |
| Genius Sports Ltd. | COM | G3934V109 |  | 2005 | 161975 | SH |  | SOLE |  | 161975 | 0 | 0 |
| NU Holdings Ltd./Cayman Islands | COM | G6683N103 |  | 1539 | 96100 | SH |  | SOLE |  | 96100 | 0 | 0 |
| Super Group SGHC Ltd. | COM | G8588X103 |  | 1309 | 99200 | SH |  | SOLE |  | 99200 | 0 | 0 |
| VTEX | COM | G9470A102 |  | 988 | 225525 | SH |  | SOLE |  | 225525 | 0 | 0 |
| CRISPR Therapeutics A.G. | COM | H17182108 |  | 1155 | 17825 | SH |  | SOLE |  | 17825 | 0 | 0 |
| Spotify Technology S.A. | COM | L8681T102 |  | 1082 | 1550 | SH |  | SOLE |  | 1550 | 0 | 0 |
| CyberArk Software Ltd. | COM | M2682V108 |  | 2247 | 4650 | SH |  | SOLE |  | 4650 | 0 | 0 |
| Global-e Online Ltd. | COM | M5216V106 |  | 1857 | 51925 | SH |  | SOLE |  | 51925 | 0 | 0 |
| Oddity Tech Ltd. | COM | M7518J104 |  | 1545 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| Pagaya Technologies Ltd. | COM | M7S64L123 |  | 2117 | 71300 | SH |  | SOLE |  | 71300 | 0 | 0 |
| ASML Holding N.V. | COM | N07059210 |  | 750 | 775 | SH |  | SOLE |  | 775 | 0 | 0 |
| Nebius Group N.V. | COM | N97284108 |  | 5134 | 45725 | SH |  | SOLE |  | 45725 | 0 | 0 |

---