# EDGAR Filing Document

**Accession Number:** 0001583092
**File Stem:** 0001583092-23-000003
**Filing Date:** 2023-2
**Character Count:** 15196
**Document Hash:** f39f34e165165804071e5be97ac356cf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001583092-23-000003.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001583092-23-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230215

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Main Management LLC
- **CENTRAL INDEX KEY:** 0001583092
- **IRS NUMBER:** 731636097
- **STATE OF INCORPORATION:** CA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15578
- **FILM NUMBER:** 23632586

**BUSINESS ADDRESS:**
- **STREET 1:** 601 CALIFORNIA STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108
- **BUSINESS PHONE:** 415-217-5800

**MAIL ADDRESS:**
- **STREET 1:** 601 CALIFORNIA STREET
- **STREET 2:** SUITE 200
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**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 LLC<br>**Address:** 601 CALIFORNIA STREET<br>SUITE 200<br>SAN FRANCISCO, CA 94108

**Form 13F File Number:** 028-15578

**CRD Number (if applicable):** 000120361

**SEC File Number (if applicable):** 801-61113

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:** 4152175805

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

HAFEEZ ESMAIL  SAN FRANCISCO, CA  02-14-2023<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:** 128

**Form 13F Information Table Value Total:** $867255

      (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 |
| AGGREGATE BOND | AGG | 464287226 |  | 2504 | 25813 | SH |  | SOLE |  | 25813 | 0 | 0 |
| FINTECH | ARKF | 00214Q708 |  | 100 | 7028 | SH |  | SOLE |  | 7028 | 0 | 0 |
| GENOMICS | ARKG | 00214Q302 |  | 103 | 3634 | SH |  | SOLE |  | 3634 | 0 | 0 |
| ARK INNOVATION | ARKK | 00214Q104 |  | 119 | 3800 | SH |  | SOLE |  | 3800 | 0 | 0 |
| CHINA A-SHARES | ASHR | 233051879 |  | 453 | 16160 | SH |  | SOLE |  | 16160 | 0 | 0 |
| CRYPTO INDUSTRY INNOVATORS | BITQ | 301505624 |  | 24 | 7069 | SH |  | SOLE |  | 7069 | 0 | 0 |
| SENIOR LOAN PORTFOLIO | BKLN | 46138G508 |  | 821 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| AGGREGATE BONDS | BND | 921937835 |  | 10156 | 141374 | SH |  | SOLE |  | 141374 | 0 | 0 |
| ROBOTICS  AI | BOTZ | 37954Y715 |  | 107 | 5228 | SH |  | SOLE |  | 5228 | 0 | 0 |
| MAIN BUYWRITE | BUYW | 66538H179 |  | 66751 | 5260154 | SH |  | SOLE |  | 5260154 | 0 | 0 |
| CLOUD COMPUTING | CLOU | 37954Y442 |  | 88 | 5466 | SH |  | SOLE |  | 5466 | 0 | 0 |
| CA MUNICIPAL BONDS | CMF | 464288356 |  | 169 | 3012 | SH |  | SOLE |  | 3012 | 0 | 0 |
| CHINA TECHNOLOGY | CQQQ | 46138E800 |  | 23 | 529 | SH |  | SOLE |  | 529 | 0 | 0 |
| JAPAN SMALLCAP | DFJ | 97717W836 |  | 136 | 2152 | SH |  | SOLE |  | 2152 | 0 | 0 |
| LARGE-CAP BLEND ESG | DSI | 464288570 |  | 1773 | 24698 | SH |  | SOLE |  | 24698 | 0 | 0 |
| EMERGING MARKETS | EEM | 464287234 |  | 5651 | 149095 | SH |  | SOLE |  | 149095 | 0 | 0 |
| DEVELOPED MARKETS | EFA | 464287465 |  | 13635 | 207726 | SH |  | SOLE |  | 207726 | 0 | 0 |
| EMERGING INTL DEBT | EMB | 464288281 |  | 12 | 142 | SH |  | SOLE |  | 142 | 0 | 0 |
| EMERGING MARKET DEBT | EMLC | 92189H300 |  | 89 | 3692 | SH |  | SOLE |  | 3692 | 0 | 0 |
| POLAND | EPOL | 46429B606 |  | 256 | 16565 | SH |  | SOLE |  | 16565 | 0 | 0 |
| DEVELOPED INTL ESG | ESGD | 46435G516 |  | 651 | 9899 | SH |  | SOLE |  | 9899 | 0 | 0 |
| EMERGING INTL ESG | ESGE | 46434G863 |  | 426 | 14177 | SH |  | SOLE |  | 14177 | 0 | 0 |
| SMALL CAP ESG | ESML | 46435U663 |  | 467 | 14195 | SH |  | SOLE |  | 14195 | 0 | 0 |
| VIDEO GAMING  eSPORTS | ESPO | 92189F114 |  | 100 | 2342 | SH |  | SOLE |  | 2342 | 0 | 0 |
| ETHERIUM TRUST | ETHE | 389638107 |  | 79 | 16596 | SH |  | SOLE |  | 16596 | 0 | 0 |
| EUROPE FINANCIALS | EUFN | 464289180 |  | 285 | 16240 | SH |  | SOLE |  | 16240 | 0 | 0 |
| CANADA | EWC | 464286509 |  | 242 | 7401 | SH |  | SOLE |  | 7401 | 0 | 0 |
| SWEDEN | EWD | 464286756 |  | 269 | 8316 | SH |  | SOLE |  | 8316 | 0 | 0 |
| GERMANY | EWG | 464286806 |  | 510 | 20624 | SH |  | SOLE |  | 20624 | 0 | 0 |
| FRANCE | EWQ | 464286707 |  | 300 | 9067 | SH |  | SOLE |  | 9067 | 0 | 0 |
| TAIWAN | EWT | 46434G772 |  | 242 | 6015 | SH |  | SOLE |  | 6015 | 0 | 0 |
| UNITED KINGDOM | EWU | 46435G334 |  | 629 | 20503 | SH |  | SOLE |  | 20503 | 0 | 0 |
| MEXICO | EWW | 464286822 |  | 247 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| BRAZIL | EWZ | 464286400 |  | 396 | 14160 | SH |  | SOLE |  | 14160 | 0 | 0 |
| UNITED KINGDOM | FLGB | 35473P678 |  | 77 | 3357 | SH |  | SOLE |  | 3357 | 0 | 0 |
| JAPAN | FLJP | 35473P744 |  | 704 | 29277 | SH |  | SOLE |  | 29277 | 0 | 0 |
| FMQQ The Next Frontr Intrnt  Ecmmrc ETF | FMQQ | 301505590 |  | 10 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |
| BITCOIN | GBTC | 389637109 |  | 67 | 8040 | SH |  | SOLE |  | 8040 | 0 | 0 |
| GOLD MINERS | GDX | 92189F106 |  | 1668 | 58194 | SH |  | SOLE |  | 58194 | 0 | 0 |
| GOLD MINERS | GDXJ | 92189F791 |  | 58 | 1625 | SH |  | SOLE |  | 1625 | 0 | 0 |
| ESG HIGH YIELD CORPORATE BONDS | HYXF | 46435G441 |  | 684 | 15818 | SH |  | SOLE |  | 15818 | 0 | 0 |
| BROKER DEALERS | IAI | 464288794 |  | 3326 | 34600 | SH |  | SOLE |  | 34600 | 0 | 0 |
| BIOTECHNOLOGY | IBB | 464287556 |  | 64 | 484 | SH |  | SOLE |  | 484 | 0 | 0 |
| iShares Ultra Short-Term Bond ETF | ICSH | 46434V878 |  | 75 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| DEVELOPED MARKETS | IEFA | 46432F842 |  | 12513 | 203002 | SH |  | SOLE |  | 203002 | 0 | 0 |
| EMERGING MARKETS | IEMG | 46434G103 |  | 3246 | 69508 | SH |  | SOLE |  | 69508 | 0 | 0 |
| INVESTMENT GRADE COPORATE BONDS | IGSB | 464288646 |  | 5262 | 105613 | SH |  | SOLE |  | 105613 | 0 | 0 |
| SOFTWARE | IGV | 464287515 |  | 15880 | 62066 | SH |  | SOLE |  | 62066 | 0 | 0 |
| MIDCAP | IJH | 464287507 |  | 2920 | 12072 | SH |  | SOLE |  | 12072 | 0 | 0 |
| MID-CAP GROWTH | IJK | 464287606 |  | 47809 | 699990 | SH |  | SOLE |  | 699990 | 0 | 0 |
| INDIA | INDA | 46429B598 |  | 219 | 5242 | SH |  | SOLE |  | 5242 | 0 | 0 |
| MAIN INTERNATIONAL ETF | INTL | 66538H237 |  | 40357 | 2081137 | SH |  | SOLE |  | 2081137 | 0 | 0 |
| IPO | IPO | 759937204 |  | 98 | 3966 | SH |  | SOLE |  | 3966 | 0 | 0 |
| AEROSPACE  DEFENSE | ITA | 464288760 |  | 13423 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| HOME CONSTRUCTION | ITB | 464288752 |  | 1248 | 20600 | SH |  | SOLE |  | 20600 | 0 | 0 |
| S 500 VALUE | IVV | 464287200 |  | 172 | 447 | SH |  | SOLE |  | 447 | 0 | 0 |
| LARGE-CAP GROWTH | IWF | 464287614 |  | 196 | 915 | SH |  | SOLE |  | 915 | 0 | 0 |
| SMALL-CAP BLEND | IWM | 464287655 |  | 6938 | 39791 | SH |  | SOLE |  | 39791 | 0 | 0 |
| iShares Russell Mid-Cap | IWR | 464287499 |  | 13 | 200 | SH |  | SOLE |  | 200 | 0 | 0 |
| SHORT TERM BONDS | JPST | 46641Q837 |  | 683 | 13626 | SH |  | SOLE |  | 13626 | 0 | 0 |
| FINANCIALS | KBE | 78464A797 |  | 1379 | 30551 | SH |  | SOLE |  | 30551 | 0 | 0 |
| KraneShares MSCI Em Mkts ex CHN ETF | KEMX | 500767769 |  | 173 | 7177 | SH |  | SOLE |  | 7177 | 0 | 0 |
| REGIONAL BANKS | KRE | 78464A698 |  | 433 | 7365 | SH |  | SOLE |  | 7365 | 0 | 0 |
| STAR MARKET 50 INDEX | KSTR | 500767694 |  | 5 | 309 | SH |  | SOLE |  | 309 | 0 | 0 |
| CHINA HEALTH CARE | KURE | 500767835 |  | 0 | 11 | SH |  | SOLE |  | 11 | 0 | 0 |
| CHINA INTERNET | KWEB | 500767306 |  | 1029 | 34058 | SH |  | SOLE |  | 34058 | 0 | 0 |
| S Biotech Bull 3X ETF | LABU | 25490K323 |  | 1 | 100 | SH |  | SOLE |  | 100 | 0 | 0 |
| SHORT TERM BONDS | MINT | 72201R833 |  | 861 | 8728 | SH |  | SOLE |  | 8728 | 0 | 0 |
| iShares National Muni Bond ETF | MUB | 464288414 |  | 263 | 2491 | SH |  | SOLE |  | 2491 | 0 | 0 |
| SHORT TERM BONDS | NEAR | 46431W507 |  | 374 | 7595 | SH |  | SOLE |  | 7595 | 0 | 0 |
| OIL SERVICES | OIH | 92189H607 |  | 3466 | 11400 | SH |  | SOLE |  | 11400 | 0 | 0 |
| ONLINE RETAIL | ONLN | 74347B169 |  | 61 | 2151 | SH |  | SOLE |  | 2151 | 0 | 0 |
| FOOD  BEVERAGE | PBJ | 46137V753 |  | 171 | 3750 | SH |  | SOLE |  | 3750 | 0 | 0 |
| S 500 BUY-WRITE | PBP | 46137V399 |  | 707 | 35143 | SH |  | SOLE |  | 35143 | 0 | 0 |
| PREFERRED STOCK | PFF | 464288687 |  | 1028 | 33663 | SH |  | SOLE |  | 33663 | 0 | 0 |
| CA MUNICIPAL BONDS | PWZ | 46138E206 |  | 179 | 7400 | SH |  | SOLE |  | 7400 | 0 | 0 |
| NASDAQ | QQQ | 46090E103 |  | 41122 | 154430 | SH |  | SOLE |  | 154430 | 0 | 0 |
| Invesco NASDAQ Next Gen 100 ETF | QQQJ | 46138G631 |  | 1428 | 59728 | SH |  | SOLE |  | 59728 | 0 | 0 |
| NASDAQ 100 | QQQM | 46138G649 |  | 10204 | 93166 | SH |  | SOLE |  | 93166 | 0 | 0 |
| S 500 EQUAL WEIGHT | RSP | 46137V357 |  | 24848 | 175918 | SH |  | SOLE |  | 175918 | 0 | 0 |
| RUSSIA | RSX | 92189F403 |  | 40 | 7000 | SH |  | SOLE |  | 7000 | 0 | 0 |
| US BROAD MARKET | SCHB | 808524102 |  | 321 | 7160 | SH |  | SOLE |  | 7160 | 0 | 0 |
| Schwab Short-Term US Treasury ETF | SCHO | 808524862 |  | 73 | 1520 | SH |  | SOLE |  | 1520 | 0 | 0 |
| US LARGE-CAP VALUE | SCHV | 808524409 |  | 21334 | 323149 | SH |  | SOLE |  | 323149 | 0 | 0 |
| US SECTOR ROTATION | SECT | 66538H591 |  | 4936 | 127258 | SH |  | SOLE |  | 127258 | 0 | 0 |
| US TREASURIES | SHY | 464287457 |  | 20863 | 257031 | SH |  | SOLE |  | 257031 | 0 | 0 |
| SEMICONDUCTORS | SMH | 92189F676 |  | 31775 | 156571 | SH |  | SOLE |  | 156571 | 0 | 0 |
| SEMICONDUCTORS | SOXX | 464287523 |  | 393 | 1129 | SH |  | SOLE |  | 1129 | 0 | 0 |
| LARGE CAP CORE | SPY | 78462F103 |  | 100208 | 262030 | SH |  | SOLE |  | 262030 | 0 | 0 |
| ESG 1-5 YEAR CORPORATE | SUSB | 46435G243 |  | 2618 | 110156 | SH |  | SOLE |  | 110156 | 0 | 0 |
| SOLAR | TAN | 46138G706 |  | 765 | 10491 | SH |  | SOLE |  | 10491 | 0 | 0 |
| FLOATING RATE BOND | TFLO | 46434V860 |  | 1817 | 36043 | SH |  | SOLE |  | 36043 | 0 | 0 |
| 20-YEAR US TREASURIES | TLT | 464287432 |  | 5010 | 50319 | SH |  | SOLE |  | 50319 | 0 | 0 |
| THEMATIC INNOVATION | TMAT | 66538H278 |  | 22994 | 1857348 | SH |  | SOLE |  | 1857348 | 0 | 0 |
| Vanguard Small-Cap Growth ETF | VBK | 922908595 |  | 2118 | 10559 | SH |  | SOLE |  | 10559 | 0 | 0 |
| SHORT-TERM CORPORATE BONDS | VCSH | 92206C409 |  | 372 | 4954 | SH |  | SOLE |  | 4954 | 0 | 0 |
| ENERGY | VDE | 92204A306 |  | 34802 | 286958 | SH |  | SOLE |  | 286958 | 0 | 0 |
| DEVELOPED MARKETS | VEA | 921943858 |  | 681 | 16231 | SH |  | SOLE |  | 16231 | 0 | 0 |
| ALL WORLD EX-US | VEU | 922042775 |  | 16987 | 338789 | SH |  | SOLE |  | 338789 | 0 | 0 |
| FINANCIALS | VFH | 92204A405 |  | 6878 | 83134 | SH |  | SOLE |  | 83134 | 0 | 0 |
| SHORT TERM TREASURY | VGSH | 92206C102 |  | 55 | 956 | SH |  | SOLE |  | 956 | 0 | 0 |
| INFORMATION TECHNOLOGY | VGT | 92204A702 |  | 1046 | 3275 | SH |  | SOLE |  | 3275 | 0 | 0 |
| HEALTH CARE | VHT | 92204A504 |  | 20706 | 83476 | SH |  | SOLE |  | 83476 | 0 | 0 |
| US DIVIDEND GROWTH | VIG | 921908844 |  | 77 | 505 | SH |  | SOLE |  | 505 | 0 | 0 |
| MID-CAP | VO | 922908629 |  | 94 | 459 | SH |  | SOLE |  | 459 | 0 | 0 |
| MID-CAP VALUE | VOE | 922908512 |  | 2 | 16 | SH |  | SOLE |  | 16 | 0 | 0 |
| LARGE CAP | VOO | 922908363 |  | 421 | 1197 | SH |  | SOLE |  | 1197 | 0 | 0 |
| MID-CAP GROWTH | VOT | 922908538 |  | 38 | 213 | SH |  | SOLE |  | 213 | 0 | 0 |
| GLOBAL EQUITY | VT | 922042742 |  | 301 | 3497 | SH |  | SOLE |  | 3497 | 0 | 0 |
| US TOTAL MARKET | VTI | 922908769 |  | 218 | 1139 | SH |  | SOLE |  | 1139 | 0 | 0 |
| RUSSELL 2000 | VTWO | 92206C664 |  | 21855 | 310572 | SH |  | SOLE |  | 310572 | 0 | 0 |
| EMERGING MARKETS | VWO | 922042858 |  | 8099 | 207762 | SH |  | SOLE |  | 207762 | 0 | 0 |
| ALL WORLD EX-US | VXUS | 921909768 |  | 9244 | 178734 | SH |  | SOLE |  | 178734 | 0 | 0 |
| US HIGH DIVDEND YIELD | VYM | 921946406 |  | 327 | 3018 | SH |  | SOLE |  | 3018 | 0 | 0 |
| BIOTECHNOLOGY | XBI | 78464A870 |  | 39331 | 473868 | SH |  | SOLE |  | 473868 | 0 | 0 |
| EM ex-China | XCEM | 19762B202 |  | 75 | 2931 | SH |  | SOLE |  | 2931 | 0 | 0 |
| MATERIALS | XLB | 81369Y100 |  | 17 | 225 | SH |  | SOLE |  | 225 | 0 | 0 |
| Communication Services Sel Sect SPDR ETF | XLC | 81369Y852 |  | 140 | 2907 | SH |  | SOLE |  | 2907 | 0 | 0 |
| ENERGY | XLE | 81369Y506 |  | 1595 | 18237 | SH |  | SOLE |  | 18237 | 0 | 0 |
| FINANCIALS | XLF | 81369Y605 |  | 43108 | 1260459 | SH |  | SOLE |  | 1260459 | 0 | 0 |
| INDUSTRIALS | XLI | 81369Y704 |  | 5031 | 51231 | SH |  | SOLE |  | 51231 | 0 | 0 |
| TECHNOLOGY | XLK | 81369Y803 |  | 25972 | 208714 | SH |  | SOLE |  | 208714 | 0 | 0 |
| HEALTH CARE | XLV | 81369Y209 |  | 30197 | 222281 | SH |  | SOLE |  | 222281 | 0 | 0 |
| CONSUMER DISCRETIONARY | XLY | 81369Y407 |  | 29849 | 231098 | SH |  | SOLE |  | 231098 | 0 | 0 |
| METAL MINERS | XME | 78464A755 |  | 1059 | 21255 | SH |  | SOLE |  | 21255 | 0 | 0 |
| OIL  GAS E | XOP | 78468R556 |  | 43 | 316 | SH |  | SOLE |  | 316 | 0 | 0 |
| SPDR S Retail ETF | XRT | 78464A714 |  | 28 | 460 | SH |  | SOLE |  | 460 | 0 | 0 |
| PIMCO 25 Year Zero Coupon US Trs ETF | ZROZ | 72201R882 |  | 87 | 1000 | SH |  | SOLE |  | 1000 | 0 | 0 |

---