# EDGAR Filing Document

**Accession Number:** 0001704212
**File Stem:** 0001704212-25-000007
**Filing Date:** 2025-11
**Character Count:** 14826
**Document Hash:** 25f0a3d2cdfa0dd8788afa5e77cfa72b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001704212-25-000007.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0001704212-25-000007

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251112

**EFFECTIVENESS DATE**: 20251113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Black Swift Group, LLC
- **CENTRAL INDEX KEY:** 0001704212

**ORGANIZATION NAME:**
- **EIN:** 814408412
- **STATE OF INCORPORATION:** CO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20513
- **FILM NUMBER:** 251474586

**BUSINESS ADDRESS:**
- **STREET 1:** 2595 CANYON BLVD
- **STREET 2:** SUITE 330
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80302
- **BUSINESS PHONE:** 3039554381

**MAIL ADDRESS:**
- **STREET 1:** 2595 CANYON BLVD
- **STREET 2:** SUITE 330
- **CITY:** BOULDER
- **STATE:** CO
- **ZIP:** 80302

### 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:** Black Swift Group LLC<br>**Address:** 2595 CANYON BLVD<br>SUITE 330<br>BOULDER, CO 80302

**Form 13F File Number:** 028-20513

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:** Linda Casals<br>**Title:** Chief Compliance Officer<br>**Phone:** 303-955-4381

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

Linda J Casals  Boulder, CO  11-12-2025<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:** 110

**Form 13F Information Table Value Total:** $567487764

      (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 |
| SPDR SERIES TRUST | PRTFLO S GW | 78464A409 |  | 84387958 | 807463 | SH |  | SOLE |  | 0 | 0 | 807463 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 59789655 | 89750 | SH |  | SOLE |  | 2500 | 0 | 87250 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 32357763 | 69080 | SH |  | SOLE |  | 0 | 0 | 69080 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 25386285 | 90067 | SH |  | SOLE |  | 0 | 0 | 90067 |
| AMAZON COM INC | COM | 023135106 |  | 17768702 | 80925 | SH |  | SOLE |  | 10000 | 0 | 70925 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 17095086 | 148640 | SH |  | SOLE |  | 0 | 0 | 148640 |
| SERIES PORTFOLIOS TR | ELDRIDGE BBB B | 81752T528 |  | 16793477 | 626155 | SH |  | SOLE |  | 0 | 0 | 626155 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 14574051 | 295081 | SH |  | SOLE |  | 0 | 0 | 295081 |
| META PLATFORMS INC | CL A | 30303M102 |  | 14349785 | 19540 | SH |  | SOLE |  | 5185 | 0 | 14355 |
| VANECK ETF TRUST | FABLESS SEMICOND | 92189H664 |  | 13243349 | 345960 | SH |  | SOLE |  | 10000 | 0 | 335960 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 11726441 | 35931 | SH |  | SOLE |  | 0 | 0 | 35931 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 11235485 | 362435 | SH |  | SOLE |  | 0 | 0 | 362435 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 10643698 | 21705 | SH |  | SOLE |  | 7000 | 0 | 14705 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 |  | 9600019 | 122543 | SH |  | SOLE |  | 0 | 0 | 122543 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 9575551 | 107181 | SH |  | SOLE |  | 0 | 0 | 107181 |
| GLOBAL X FDS | RBTCS ARTFL INTE | 37954Y715 |  | 9289392 | 262190 | SH |  | SOLE |  | 0 | 0 | 262190 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 9058829 | 134185 | SH |  | SOLE |  | 0 | 0 | 134185 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 8917497 | 59025 | SH |  | SOLE |  | 0 | 0 | 59025 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 7957281 | 3405 | SH |  | SOLE |  | 2000 | 0 | 1405 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 7918983 | 32575 | SH |  | SOLE |  | 10000 | 0 | 22575 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 7909875 | 98750 | SH |  | SOLE |  | 0 | 0 | 98750 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 7784557 | 53425 | SH |  | SOLE |  | 32500 | 0 | 20925 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 7585499 | 53090 | SH |  | SOLE |  | 0 | 0 | 53090 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 7164042 | 141080 | SH |  | SOLE |  | 0 | 0 | 141080 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 7040833 | 117720 | SH |  | SOLE |  | 0 | 0 | 117720 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 6490589 | 57005 | SH |  | SOLE |  | 0 | 0 | 57005 |
| EXCHANGE TRADED CONCEPTS TRU | RANGE NUCLEAR RE | 301505475 |  | 6348880 | 97615 | SH |  | SOLE |  | 0 | 0 | 97615 |
| GOLDMAN SACHS ETF TR | FUTURE TECH LEAD | 38149W812 |  | 6111112 | 156655 | SH |  | SOLE |  | 0 | 0 | 156655 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 4786637 | 70175 | SH |  | SOLE |  | 0 | 0 | 70175 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 4419840 | 12800 | SH |  | SOLE |  | 0 | 0 | 12800 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 4311846 | 21350 | SH |  | SOLE |  | 20000 | 0 | 1350 |
| SANDISK CORP | COM | 80004C200 |  | 3927000 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 |  | 3900526 | 11823 | SH |  | SOLE |  | 5000 | 0 | 16823 |
| AEROVIRONMENT INC | COM | 008073108 |  | 3888892 | 12350 | SH |  | SOLE |  | 10000 | 0 | 2350 |
| CLOUDFLARE INC | CL A COM | 18915M107 |  | 3808973 | 17750 | SH |  | SOLE |  | 15000 | 0 | 2750 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 3731725 | 16545 | SH |  | SOLE |  | 10000 | 0 | 6545 |
| ISHARES TR | S 100 ETF | 464287101 |  | 3661240 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 |  | 3657067 | 83820 | SH |  | SOLE |  | 0 | 0 | 83820 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3597120 | 5874 | SH |  | SOLE |  | 0 | 0 | 5874 |
| SERIES PORTFOLIOS TR | ELDRIDGE AAA CLO | 81752T486 |  | 3526103 | 137900 | SH |  | SOLE |  | 0 | 0 | 137900 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 3222336 | 9065 | SH |  | SOLE |  | 0 | 0 | 9065 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2981582 | 35940 | SH |  | SOLE |  | 0 | 0 | 35940 |
| INVESCO EXCHANGE TRADED FD T | LEISURE AND ENTE | 46137V720 |  | 2899662 | 47865 | SH |  | SOLE |  | 0 | 0 | 47865 |
| DATADOG INC | CL A COM | 23804L103 |  | 2848000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2847390 | 111750 | SH |  | SOLE |  | 0 | 0 | 111750 |
| VICI PPTYS INC | COM | 925652109 |  | 2739403 | 84005 | SH |  | SOLE |  | 0 | 0 | 84005 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 |  | 2708323 | 124750 | SH |  | SOLE |  | 0 | 0 | 124750 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2174351 | 4325 | SH |  | SOLE |  | 0 | 0 | 4325 |
| BOEING CO | COM | 097023105 |  | 2158300 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| VANECK ETF TRUST | VANECK VIETNAM | 92189F817 |  | 2010211 | 112680 | SH |  | SOLE |  | 0 | 0 | 112680 |
| REALTY INCOME CORP | COM | 756109104 |  | 1929475 | 31740 | SH |  | SOLE |  | 0 | 0 | 31740 |
| GLOBAL X FDS | GLBL X MLP ETF | 37954Y343 |  | 1854970 | 38310 | SH |  | SOLE |  | 0 | 0 | 38310 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 1854455 | 76315 | SH |  | SOLE |  | 0 | 0 | 76315 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 1840081 | 35410 | SH |  | SOLE |  | 0 | 0 | 35410 |
| URANIUM ENERGY CORP | COM | 916896103 |  | 1734867 | 130050 | SH |  | SOLE |  | 50000 | 0 | 80050 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1621310 | 5140 | SH |  | SOLE |  | 0 | 0 | 5140 |
| PROLOGIS INC. | COM | 74340W103 |  | 1606716 | 14030 | SH |  | SOLE |  | 0 | 0 | 14030 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1588410 | 40500 | SH |  | SOLE |  | 0 | 0 | 40500 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1419585 | 2121 | SH |  | SOLE |  | 0 | 0 | 2121 |
| SPDR SERIES TRUST | BLOOMBERG 1-3 MO | 78468R663 |  | 1399188 | 15250 | SH |  | SOLE |  | 0 | 0 | 15250 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 1337622 | 77950 | SH |  | SOLE |  | 0 | 0 | 77950 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 1290823 | 56245 | SH |  | SOLE |  | 0 | 0 | 56245 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 1287997 | 9495 | SH |  | SOLE |  | 0 | 0 | 9495 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1270750 | 19550 | SH |  | SOLE |  | 0 | 0 | 19550 |
| APPLE INC | COM | 037833100 |  | 1241576 | 4876 | SH |  | SOLE |  | 0 | 0 | 4876 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 1201200 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 1164200 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| SELECT SECTOR SPDR TR | COMMUNICATION | 81369Y852 |  | 1119188 | 9455 | SH |  | SOLE |  | 0 | 0 | 9455 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1076245 | 2244 | SH |  | SOLE |  | 0 | 0 | 2244 |
| CITIGROUP INC | COM NEW | 172967424 |  | 964250 | 9500 | SH |  | SOLE |  | 0 | 0 | 9500 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 953456 | 17795 | SH |  | SOLE |  | 0 | 0 | 17795 |
| CLEAR SECURE INC | COM CL A | 18467V109 |  | 907102 | 27175 | SH |  | SOLE |  | 25000 | 0 | 2175 |
| ETF SER SOLUTIONS | HOYA CAPT HI DIV | 26922B840 |  | 771828 | 80125 | SH |  | SOLE |  | 0 | 0 | 80125 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 754670 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| ELI LILLY  CO | COM | 532457108 |  | 743925 | 975 | SH |  | SOLE |  | 0 | 0 | 975 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 666950 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 606385 | 3250 | SH |  | SOLE |  | 0 | 0 | 3250 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 523160 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| RBB FD INC | F/M COMPOUNDR US | 74933W148 |  | 507273 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| CHEVRON CORP NEW | COM | 166764100 |  | 496152 | 3195 | SH |  | SOLE |  | 0 | 0 | 3195 |
| BONDBLOXX ETF TRUST | USD HI YLD ENERG | 097890107 |  | 495378 | 12685 | SH |  | SOLE |  | 0 | 0 | 12685 |
| BANK AMERICA CORP | COM | 060505104 |  | 477208 | 9250 | SH |  | SOLE |  | 0 | 0 | 9250 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 469762 | 19300 | SH |  | SOLE |  | 0 | 0 | 19300 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 456687 | 370 | SH |  | SOLE |  | 0 | 0 | 370 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 401858 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 393064 | 3256 | SH |  | SOLE |  | 0 | 0 | 3256 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 390609 | 11100 | SH |  | SOLE |  | 0 | 0 | 11100 |
| SOUND POINT MERIDIAN CAP INC | COMMON STOCK | 83617A108 |  | 390375 | 22500 | SH |  | SOLE |  | 0 | 0 | 22500 |
| RBB FD INC | F/M COMPOUNDR | 74933W155 |  | 381075 | 7500 | SH |  | SOLE |  | 0 | 0 | 7500 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 379865 | 8500 | SH |  | SOLE |  | 0 | 0 | 8500 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 378786 | 16820 | SH |  | SOLE |  | 0 | 0 | 16820 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 375240 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 362940 | 1500 | SH |  | SOLE |  | 0 | 0 | 1500 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 349874 | 4603 | SH |  | SOLE |  | 0 | 0 | 4603 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 330204 | 550 | SH |  | SOLE |  | 0 | 0 | 550 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U208 |  | 307911 | 5626 | SH |  | SOLE |  | 0 | 0 | 5626 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 305854 | 932 | SH |  | SOLE |  | 0 | 0 | 932 |
| ZSCALER INC | COM | 98980G102 |  | 299660 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 295166 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 289114 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 281836 | 1773 | SH |  | SOLE |  | 0 | 0 | 1773 |
| ARES CAPITAL CORP | COM | 04010L103 |  | 272474 | 13350 | SH |  | SOLE |  | 0 | 0 | 13350 |
| BLUE OWL CAPITAL CORPORATION | COM | 69121K104 |  | 269447 | 21100 | SH |  | SOLE |  | 0 | 0 | 21100 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 252285 | 9578 | SH |  | SOLE |  | 0 | 0 | 9578 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 228025 | 1250 | SH |  | SOLE |  | 0 | 0 | 1250 |
| JANUS DETROIT STR TR | B-BBB CLO ETF | 47103U753 |  | 214357 | 4450 | SH |  | SOLE |  | 0 | 0 | 4450 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 213040 | 281 | SH |  | SOLE |  | 0 | 0 | 281 |
| MICROSOFT CORP | COM | 594918104 |  | 207180 | 400 | SH |  | SOLE |  | 0 | 0 | 400 |
| USA RARE EARTH INC | COM | 91733P107 |  | 206280 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| THE REAL BROKERAGE INC | COM NEW | 75585H206 |  | 167200 | 40000 | SH |  | SOLE |  | 0 | 0 | 40000 |

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