# EDGAR Filing Document

**Accession Number:** 0001591505
**File Stem:** 0001591505-26-000002
**Filing Date:** 2026-2
**Character Count:** 11677
**Document Hash:** 79e42153f37bc90551dd590b3cceef52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001591505-26-000002.hdr.sgml**: 20260211

**ACCESSION NUMBER**: 0001591505-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260211

**DATE AS OF CHANGE**: 20260211

**EFFECTIVENESS DATE**: 20260211

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Swan Global Investments, LLC
- **CENTRAL INDEX KEY:** 0001591505

**ORGANIZATION NAME:**
- **EIN:** 841504885
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16047
- **FILM NUMBER:** 26619380

**BUSINESS ADDRESS:**
- **STREET 1:** 1099 MAIN AVE.
- **STREET 2:** SUITE 206
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 81301
- **BUSINESS PHONE:** 9703828901

**MAIL ADDRESS:**
- **STREET 1:** 1099 MAIN AVE.
- **STREET 2:** SUITE 206
- **CITY:** DURANGO
- **STATE:** CO
- **ZIP:** 81301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Swan Wealth Advisors, Inc.
- **DATE OF NAME CHANGE:** 20131108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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:** Swan Global Investments LLC<br>**Address:** 1099 MAIN AVE.<br>SUITE 206<br>DURANGO, CO 81301

**Form 13F File Number:** 028-16047

**CRD Number (if applicable):** 000114669

**SEC File Number (if applicable):** 801-70881

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:** Brad Ackerman<br>**Title:** Chief Compliance Officer<br>**Phone:** 813-575-7577

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

Bradley O. Ackerman  Belleair Bluffs, FL  02-11-2026<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:** 1

**Form 13F Information Table Entry Total:** 80

**Form 13F Information Table Value Total:** $3378436026

      (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.]

| No.   | Name                        | Form 13F File Number   |
|:---|:---|:---|
|  | Swan Capital Management LLC | 028-16131              |

### 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 |
| ISHARES TR | IVV | 464287200 |  | 431244388 | 629609 | SH |  | SOLE |  | 0 | 0 | 629609 |
| SELECT SECTOR SPDR TR | XLE | 81369Y506 |  | 8609805 | 192570 | SH |  | SOLE |  | 0 | 0 | 192570 |
| SELECT SECTOR SPDR TR | XLF | 81369Y605 |  | 40624004 | 741720 | SH |  | SOLE |  | 0 | 0 | 741720 |
| SELECT SECTOR SPDR TR | XLI | 81369Y704 |  | 24812220 | 159955 | SH |  | SOLE |  | 0 | 0 | 159955 |
| SELECT SECTOR SPDR TR | XLK | 81369Y803 |  | 104133789 | 723302 | SH |  | SOLE |  | 0 | 0 | 723302 |
| SELECT SECTOR SPDR TR | XLP | 81369Y308 |  | 14476911 | 186366 | SH |  | SOLE |  | 0 | 0 | 186366 |
| SELECT SECTOR SPDR TR | XLRE | 81369Y860 |  | 5477755 | 135756 | SH |  | SOLE |  | 0 | 0 | 135756 |
| SELECT SECTOR SPDR TR | XLU | 81369Y886 |  | 6808030 | 159476 | SH |  | SOLE |  | 0 | 0 | 159476 |
| SELECT SECTOR SPDR TR | XLV | 81369Y209 |  | 29466335 | 190351 | SH |  | SOLE |  | 0 | 0 | 190351 |
| SELECT SECTOR SPDR TR | XLY | 81369Y407 |  | 31390620 | 262881 | SH |  | SOLE |  | 0 | 0 | 262881 |
| SELECT SECTOR SPDR TR | XLB | 81369Y100 |  | 5318104 | 117268 | SH |  | SOLE |  | 0 | 0 | 117268 |
| SELECT SECTOR SPDR TR | XLC | 81369Y852 |  | 30174814 | 256327 | SH |  | SOLE |  | 0 | 0 | 256327 |
| LISTED FD TR | HEGD | 53656F599 |  | 70896520 | 2812238 | SH |  | SOLE |  | 0 | 0 | 2812238 |
| IShares ETF-20yr | TLT | 464287432 |  | 287628 | 3300 | SH |  | SOLE |  | 0 | 0 | 3300 |
| iShares MSCI Emerging Markets Indx ETF | EEM Put | 464287954 |  | 275200 | 6400 | SH | Put | SOLE |  | 0 | 0 | 6400 |
| SPDR Gold Trust | GLD Put | 78463V957 |  | 733000 | 1900 | SH | Put | SOLE |  | 0 | 0 | 1900 |
| ISHARES TR | IWM Put | 464287955 |  | 1229000 | 6200 | SH | Put | SOLE |  | 0 | 0 | 6200 |
| BONDBLOXX ETF TRUST | XCCC | 09789C887 |  | 287127 | 7550 | SH |  | SOLE |  | 0 | 0 | 7550 |
| EXXON MOBIL CORP | XOM | 30231G102 |  | 296758 | 2466 | SH |  | SOLE |  | 0 | 0 | 2466 |
| ORACLE CORP | ORCL | 68389X105 |  | 367405 | 1885 | SH |  | SOLE |  | 0 | 0 | 1885 |
| LOWES COS INC | LOW | 548661107 |  | 311338 | 1291 | SH |  | SOLE |  | 0 | 0 | 1291 |
| ETFS GOLD TR | SGOL | 00326A104 |  | 735825 | 17912 | SH |  | SOLE |  | 0 | 0 | 17912 |
| VANGUARD SCOTTSDALE FDS | VTWO | 92206C664 |  | 266415 | 2677 | SH |  | SOLE |  | 0 | 0 | 2677 |
| EA SERIES TRUST | BOXX | 02072L565 |  | 1243080 | 10800 | SH |  | SOLE |  | 0 | 0 | 10800 |
| COCA COLA CO | KO | 191216100 |  | 298935 | 4276 | SH |  | SOLE |  | 0 | 0 | 4276 |
| WALMART INC | WMT | 931142103 |  | 321084 | 2882 | SH |  | SOLE |  | 0 | 0 | 2882 |
| SPDR S 500 ETF TR | SPY | 78462F103 |  | 741732567 | 1087712 | SH |  | SOLE |  | 0 | 0 | 1087712 |
| SPDR S 500 ETF TR | SPY Put | 78462F953 |  | 1241062236 | 2080100 | SH | Put | SOLE |  | 0 | 0 | 2080100 |
| SPDR Gold Trust | GLD | 78463V107 |  | 889716 | 2245 | SH |  | SOLE |  | 0 | 0 | 2245 |
| APPLE INC | AAPL Put | 037833950 |  | 3200000 | 15600 | SH | Put | SOLE |  | 0 | 0 | 15600 |
| SPDR S 500 ETF TR | SPY Call | 78462F903 |  | 7365859 | 1056500 | SH | Call | SOLE |  | 0 | 0 | 1056500 |
| PACER FDS TR | PSCW | 69374H543 |  | 51818951 | 1857976 | SH |  | SOLE |  | 0 | 0 | 1857976 |
| PACER FDS TR | PSMJ | 69374H493 |  | 75221044 | 2335332 | SH |  | SOLE |  | 0 | 0 | 2335332 |
| PACER FDS TR | PSCJ | 69374H535 |  | 35937749 | 1194739 | SH |  | SOLE |  | 0 | 0 | 1194739 |
| PACER FDS TR | PSFJ | 69374H469 |  | 22356315 | 673992 | SH |  | SOLE |  | 0 | 0 | 673992 |
| PACER FDS TR | PSFM | 69374H477 |  | 13452663 | 422641 | SH |  | SOLE |  | 0 | 0 | 422641 |
| PACER FDS TR | PSMR | 69374H519 |  | 70709500 | 2372802 | SH |  | SOLE |  | 0 | 0 | 2372802 |
| PACER FDS TR | PSCX | 69374H584 |  | 26066565 | 840044 | SH |  | SOLE |  | 0 | 0 | 840044 |
| PACER FDS TR | PSFD | 69374H576 |  | 24234632 | 648505 | SH |  | SOLE |  | 0 | 0 | 648505 |
| PACER FDS TR | PSMD | 69374H550 |  | 68025202 | 2095017 | SH |  | SOLE |  | 0 | 0 | 2095017 |
| PACER FDS TR | PSCQ | 69374H527 |  | 42202369 | 1430104 | SH |  | SOLE |  | 0 | 0 | 1430104 |
| PACER FDS TR | PSFO | 69374H451 |  | 29017440 | 895600 | SH |  | SOLE |  | 0 | 0 | 895600 |
| PACER FDS TR | PSMO | 69374H485 |  | 86141319 | 2800433 | SH |  | SOLE |  | 0 | 0 | 2800433 |
| iShares MSCI EAFE ETF | EFA Put | 464287955 |  | 338800 | 4400 | SH | Put | SOLE |  | 0 | 0 | 4400 |
| Swan Enhanced Dividend Income ETF | SCLZ | 66538R532 |  | 1378955 | 25191 | SH |  | SOLE |  | 0 | 0 | 25191 |
| VANGUARD INTL EQUITY INDEX F | VEU | 922042775 |  | 325944 | 4431 | SH |  | SOLE |  | 0 | 0 | 4431 |
| CHENIERE ENERGY INC | LNG Put | 16411R958 |  | 3276000 | 25000 | SH | Put | SOLE |  | 0 | 0 | 25000 |
| AMAZON COM INC | AMZN | 023135106 |  | 647912 | 2807 | SH |  | SOLE |  | 0 | 0 | 2807 |
| TESLA INC | TSLA | 88160R101 |  | 339089 | 754 | SH |  | SOLE |  | 0 | 0 | 754 |
| NETFLIX INC | NFLX Call | 64110L906 |  | 2400000 | 25000 | SH | Call | SOLE |  | 0 | 0 | 25000 |
| HOME DEPOT INC | HD | 437076102 |  | 259451 | 754 | SH |  | SOLE |  | 0 | 0 | 754 |
| APPLE INC | AAPL | 037833100 |  | 1091518 | 4015 | SH |  | SOLE |  | 0 | 0 | 4015 |
| ABBVIE INC | ABBV | 00287Y109 |  | 331311 | 1450 | SH |  | SOLE |  | 0 | 0 | 1450 |
| JOHNSON  JOHNSON | JNJ | 478160104 |  | 392377 | 1896 | SH |  | SOLE |  | 0 | 0 | 1896 |
| LILLY ELI  CO | LLY | 532457108 |  | 691019 | 643 | SH |  | SOLE |  | 0 | 0 | 643 |
| MICROSOFT CORP | MSFT | 594918104 |  | 861327 | 1781 | SH |  | SOLE |  | 0 | 0 | 1781 |
| NVIDIA CORPORATION | NVDA | 67066G104 |  | 933806 | 5007 | SH |  | SOLE |  | 0 | 0 | 5007 |
| GE AEROSPACE | GE | 369604301 |  | 406292 | 1319 | SH |  | SOLE |  | 0 | 0 | 1319 |
| ADVANCED MICRO DEVICES INC | AMD | 007903107 |  | 354006 | 1653 | SH |  | SOLE |  | 0 | 0 | 1653 |
| BERKSHIRE HATHAWAY INC DEL | BRKB | 084670702 |  | 450877 | 897 | SH |  | SOLE |  | 0 | 0 | 897 |
| PALANTIR TECHNOLOGIES INC | PLTR | 69608A108 |  | 400115 | 2251 | SH |  | SOLE |  | 0 | 0 | 2251 |
| RTX CORPORATION | RTX | 75513E101 |  | 234569 | 1279 | SH |  | SOLE |  | 0 | 0 | 1279 |
| JPMORGAN CHASE  CO | JPM | 46625H100 |  | 598685 | 1858 | SH |  | SOLE |  | 0 | 0 | 1858 |
| NETFLIX INC | NFLX | 64110L106 |  | 229806 | 2451 | SH |  | SOLE |  | 0 | 0 | 2451 |
| META PLATFORMS INC | META | 30303M102 |  | 691114 | 1047 | SH |  | SOLE |  | 0 | 0 | 1047 |
| WELLS FARGO CO NEW | WFC | 949746101 |  | 227501 | 2441 | SH |  | SOLE |  | 0 | 0 | 2441 |
| INTERNATIONAL BUSINESS MACHS | IBM | 459200101 |  | 430393 | 1453 | SH |  | SOLE |  | 0 | 0 | 1453 |
| UBER TECHNOLOGIES INC | UBER | 90353T105 |  | 227399 | 2783 | SH |  | SOLE |  | 0 | 0 | 2783 |
| VISA INC | V | 92826C839 |  | 403317 | 1150 | SH |  | SOLE |  | 0 | 0 | 1150 |
| CISCO SYS INC | CSCO | 17275R102 |  | 379681 | 4929 | SH |  | SOLE |  | 0 | 0 | 4929 |
| ALPHABET INC | GOOGL | 02079K305 |  | 800654 | 2558 | SH |  | SOLE |  | 0 | 0 | 2558 |
| BROADCOM INC | AVGO | 11135F101 |  | 640285 | 1850 | SH |  | SOLE |  | 0 | 0 | 1850 |
| MASTERCARD INCORPORATED | MA | 57636Q104 |  | 324831 | 569 | SH |  | SOLE |  | 0 | 0 | 569 |
| ISHARES TR | IEFA | 46432F842 |  | 255856 | 2860 | SH |  | SOLE |  | 0 | 0 | 2860 |
| ishares ETF - CORE MSCI EMKT | IEMG | 46434G103 |  | 249319 | 3709 | SH |  | SOLE |  | 0 | 0 | 3709 |
| NVIDIA CORPORATION | NVDA Put | 67066G954 |  | 3495600 | 27400 | SH | Put | SOLE |  | 0 | 0 | 27400 |
| AMAZON COM INC | AMZN Put | 023135956 |  | 1512000 | 8400 | SH | Put | SOLE |  | 0 | 0 | 8400 |
| META PLATFORMS INC | META Put | 30303M952 |  | 1485000 | 2700 | SH | Put | SOLE |  | 0 | 0 | 2700 |
| TESLA INC | TSLA Put | 88160R951 |  | 861000 | 2100 | SH | Put | SOLE |  | 0 | 0 | 2100 |
| BANK AMERICA CORP | BAC Put | 060505954 |  | 990000 | 19800 | SH | Put | SOLE |  | 0 | 0 | 19800 |

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