# EDGAR Filing Document

**Accession Number:** 0001704212
**File Stem:** 0001704212-26-000001
**Filing Date:** 2026-2
**Character Count:** 15641
**Document Hash:** 8dcff4bb48df4928d6debcd045d88a24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001704212-26-000001.hdr.sgml**: 20260210

**ACCESSION NUMBER**: 0001704212-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260210

**DATE AS OF CHANGE**: 20260210

**EFFECTIVENESS DATE**: 20260210

**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:** 26614804

**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:** 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:** 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  02-10-2026<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:** 0

**Form 13F Information Table Entry Total:** 118

**Form 13F Information Table Value Total:** $599899164

      (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 | STATE STREET SPD | 78464A409 |  | 93688042 | 813751 | SH |  | SOLE |  | 5000 | 0 | 808751 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 54692712 | 90179 | SH |  | SOLE |  | 2500 | 0 | 87679 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 32520443 | 68710 | SH |  | SOLE |  | 0 | 0 | 68710 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 26582765 | 184291 | SH |  | SOLE |  | 0 | 0 | 184291 |
| AMAZON COM INC | COM | 023135106 |  | 20878823 | 91915 | SH |  | SOLE |  | 15000 | 0 | 76915 |
| ISHARES TR | EXPANDED TECH | 464287515 |  | 16140448 | 151040 | SH |  | SOLE |  | 0 | 0 | 151040 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 13559160 | 43320 | SH |  | SOLE |  | 12000 | 0 | 31320 |
| VANECK ETF TRUST | SEMICONDUCTR ETF | 92189F676 |  | 13351460 | 37074 | SH |  | SOLE |  | 0 | 0 | 37074 |
| VANECK ETF TRUST | FABLESS SEMICOND | 92189H664 |  | 12366063 | 325166 | SH |  | SOLE |  | 0 | 0 | 325166 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 12238855 | 26109 | SH |  | SOLE |  | 12000 | 0 | 14109 |
| TIDAL TRUST II | DEFIANCE LARGE | 88636R743 |  | 11652891 | 516260 | SH |  | SOLE |  | 0 | 0 | 516260 |
| ISHARES INC | MSCI BRAZIL ETF | 464286400 |  | 11557767 | 363495 | SH |  | SOLE |  | 0 | 0 | 363495 |
| JANUS DETROIT STR TR | HENDRSON AAA CL | 47103U845 |  | 10824120 | 157625 | SH |  | SOLE |  | 0 | 0 | 157625 |
| ABRDN PLATINUM ETF TRUST | PHYSCL PLATM SHS | 003260106 |  | 10804551 | 58040 | SH |  | SOLE |  | 0 | 0 | 58040 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 10231224 | 142466 | SH |  | SOLE |  | 0 | 0 | 142466 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 10196925 | 127212 | SH |  | SOLE |  | 0 | 0 | 127212 |
| GLOBAL X FDS | RBTCS ARTFL INTE | 37954Y715 |  | 9834090 | 271435 | SH |  | SOLE |  | 0 | 0 | 271435 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 9406537 | 210390 | SH |  | SOLE |  | 0 | 0 | 210390 |
| FIRST TR EXCHANGE TRADED FD | NASDQ CLN EDGE | 33737A108 |  | 9388389 | 61339 | SH |  | SOLE |  | 0 | 0 | 61339 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 9170108 | 126171 | SH |  | SOLE |  | 0 | 0 | 126171 |
| ISHARES INC | MSCI STH KOR ETF | 464286772 |  | 8971073 | 92276 | SH |  | SOLE |  | 0 | 0 | 92276 |
| GLOBAL X FDS | ARTIFICIAL ETF | 37954Y632 |  | 8934576 | 175670 | SH |  | SOLE |  | 0 | 0 | 175670 |
| TERADYNE INC | COM | 880770102 |  | 8274690 | 42750 | SH |  | SOLE |  | 30000 | 0 | 12750 |
| SERIES PORTFOLIOS TR | ELDRIDGE BBB B | 81752T528 |  | 7778738 | 394659 | SH |  | SOLE |  | 0 | 0 | 394659 |
| EA SERIES TRUST | ALPHA ARCH 1-3 | 02072L565 |  | 6908878 | 60025 | SH |  | SOLE |  | 0 | 0 | 60025 |
| MICROSOFT CORP | COM | 594918104 |  | 6748917 | 13255 | SH |  | SOLE |  | 10000 | 0 | 3255 |
| META PLATFORMS INC | CL A | 30303M102 |  | 6723017 | 10185 | SH |  | SOLE |  | 0 | 0 | 10185 |
| SELECT SECTOR SPDR TR | STATE STREET HEA | 81369Y209 |  | 6073733 | 39236 | SH |  | SOLE |  | 0 | 0 | 39236 |
| VANECK ETF TRUST | VANECK VIETNAM | 92189F817 |  | 6053893 | 317090 | SH |  | SOLE |  | 0 | 0 | 317090 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R549 |  | 5943235 | 72505 | SH |  | SOLE |  | 0 | 0 | 72505 |
| ISHARES INC | MSCI MEXICO ETF | 464286822 |  | 5715981 | 82446 | SH |  | SOLE |  | 0 | 0 | 82446 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 5522851 | 17140 | SH |  | SOLE |  | 12000 | 0 | 5140 |
| ABRDN PALLADIUM ETF TRUST | PHYSICAL PALLADM | 003262102 |  | 5514845 | 37909 | SH |  | SOLE |  | 0 | 0 | 37909 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 5200203 | 127675 | SH |  | SOLE |  | 35000 | 0 | 92675 |
| GOLDMAN SACHS ETF TR | FUTURE TECH LEAD | 38149W812 |  | 4052069 | 101395 | SH |  | SOLE |  | 0 | 0 | 101395 |
| ETFIS SER TR I | VIRTUS INFRCAP | 26923G822 |  | 3788813 | 175815 | SH |  | SOLE |  | 0 | 0 | 175815 |
| ISHARES TR | S 100 ETF | 464287101 |  | 3772670 | 11000 | SH |  | SOLE |  | 0 | 0 | 11000 |
| COHERENT CORP | COM | 19247G107 |  | 3497602 | 18950 | SH |  | SOLE |  | 18000 | 0 | 950 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 3436045 | 5479 | SH |  | SOLE |  | 0 | 0 | 5479 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 3094391 | 19100 | SH |  | SOLE |  | 18000 | 0 | 1100 |
| JABIL INC | COM | 466313103 |  | 2833149 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 2621253 | 29900 | SH |  | SOLE |  | 0 | 0 | 29900 |
| SERIES PORTFOLIOS TR | ELDRIDGE AAA CLO | 81752T486 |  | 2551128 | 99305 | SH |  | SOLE |  | 0 | 0 | 99305 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 2503084 | 15550 | SH |  | SOLE |  | 0 | 0 | 15550 |
| VANECK ETF TRUST | BDC INCOME ETF | 92189F411 |  | 2417789 | 170507 | SH |  | SOLE |  | 0 | 0 | 170507 |
| BROADCOM INC | COM | 11135F101 |  | 2394320 | 6918 | SH |  | SOLE |  | 0 | 0 | 6918 |
| TKO GROUP HOLDINGS INC | CL A | 87256C101 |  | 2372150 | 11350 | SH |  | SOLE |  | 10000 | 0 | 1350 |
| INVESCO EXCH TRADED FD TR II | SOLAR ETF | 46138G706 |  | 2320380 | 47239 | SH |  | SOLE |  | 0 | 0 | 47239 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 2247025 | 27500 | SH |  | SOLE |  | 25000 | 0 | 2500 |
| WESTERN DIGITAL CORP | COM | 958102105 |  | 2153375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| GE VERNOVA INC | COM | 36828A101 |  | 2124103 | 3250 | SH |  | SOLE |  | 3000 | 0 | 250 |
| LEIDOS HOLDINGS INC | COM | 525327102 |  | 2056560 | 11400 | SH |  | SOLE |  | 10000 | 0 | 1400 |
| SYMBOTIC INC | CLASS A COM | 87151X101 |  | 1970938 | 33125 | SH |  | SOLE |  | 30000 | 0 | 3125 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 1906187 | 19110 | SH |  | SOLE |  | 0 | 0 | 19110 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 1885203 | 34950 | SH |  | SOLE |  | 17500 | 0 | 17450 |
| PROLOGIS INC. | COM | 74340W103 |  | 1842006 | 14429 | SH |  | SOLE |  | 0 | 0 | 14429 |
| EQT CORP | COM | 26884L109 |  | 1839820 | 34325 | SH |  | SOLE |  | 15000 | 0 | 19325 |
| CONAGRA BRANDS INC | COM | 205887102 |  | 1767178 | 80390 | SH |  | SOLE |  | 0 | 0 | 80390 |
| TTM TECHNOLOGIES INC | COM | 87305R109 |  | 1725000 | 26500 | SH |  | SOLE |  | 25000 | 0 | 1500 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1721576 | 3425 | SH |  | SOLE |  | 0 | 0 | 3425 |
| REALTY INCOME CORP | COM | 756109104 |  | 1696173 | 30090 | SH |  | SOLE |  | 0 | 0 | 30090 |
| AEROVIRONMENT INC | COM | 008073108 |  | 1693230 | 7000 | SH |  | SOLE |  | 5000 | 0 | 2000 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1683163 | 7825 | SH |  | SOLE |  | 0 | 0 | 7825 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 |  | 1615293 | 66665 | SH |  | SOLE |  | 0 | 0 | 66665 |
| ISHARES TR | CORE S ETF | 464287200 |  | 1452758 | 2121 | SH |  | SOLE |  | 0 | 0 | 2121 |
| BLACKROCK ETF TRUST II | ISHARES AAA CLO | 092528504 |  | 1439276 | 27815 | SH |  | SOLE |  | 0 | 0 | 27815 |
| RBB FD INC | F/M COMPOUNDR US | 74933W148 |  | 1277588 | 12500 | SH |  | SOLE |  | 0 | 0 | 12500 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 1190800 | 20000 | SH |  | SOLE |  | 0 | 0 | 20000 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1108555 | 9500 | SH |  | SOLE |  | 0 | 0 | 9500 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 1094758 | 2244 | SH |  | SOLE |  | 0 | 0 | 2244 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 1085840 | 0 | SH |  | SOLE |  | 0 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1085600 | 10000 | SH |  | SOLE |  | 0 | 0 | 10000 |
| FIGURE TECHNOLOGY SOLUTIO | COM CL A | 349381103 |  | 1021000 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VALARIS LTD | CL A | G9460G101 |  | 1008000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| FLOWERS FOODS INC | COM | 343498101 |  | 1006291 | 92165 | SH |  | SOLE |  | 0 | 0 | 92165 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 987643 | 3250 | SH |  | SOLE |  | 0 | 0 | 3250 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 972898 | 10125 | SH |  | SOLE |  | 0 | 0 | 10125 |
| APPLE INC | COM | 037833100 |  | 970540 | 3570 | SH |  | SOLE |  | 0 | 0 | 3570 |
| ELI LILLY  CO | COM | 532457108 |  | 967212 | 900 | SH |  | SOLE |  | 0 | 0 | 900 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 921465 | 1300 | SH |  | SOLE |  | 0 | 0 | 1300 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 907451 | 39670 | SH |  | SOLE |  | 0 | 0 | 39670 |
| AMKOR TECHNOLOGY INC | COM | 031652100 |  | 896196 | 20200 | SH |  | SOLE |  | 20000 | 0 | 200 |
| SNOWFLAKE INC | COM SHS | 833445109 |  | 797374 | 3635 | SH |  | SOLE |  | 0 | 0 | 3635 |
| HARTFORD INSURANCE GROUP INC | COM | 416515104 |  | 689000 | 5000 | SH |  | SOLE |  | 0 | 0 | 5000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 676940 | 2750 | SH |  | SOLE |  | 0 | 0 | 2750 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 660345 | 13300 | SH |  | SOLE |  | 0 | 0 | 13300 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 638470 | 7000 | SH |  | SOLE |  | 0 | 0 | 7000 |
| INNOVATIVE INDL PPTYS INC | COM | 45781V101 |  | 560506 | 18835 | SH |  | SOLE |  | 0 | 0 | 18835 |
| ISHARES TR | US HLTHCARE ETF | 464287762 |  | 547166 | 8405 | SH |  | SOLE |  | 0 | 0 | 8405 |
| FIRST TR EXCHANGE-TRADED FD | DJ INTERNT IDX | 33733E302 |  | 538360 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 517770 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| BANK AMERICA CORP | COM | 060505104 |  | 508750 | 9250 | SH |  | SOLE |  | 0 | 0 | 9250 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 503810 | 20750 | SH |  | SOLE |  | 0 | 0 | 20750 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 494700 | 30000 | SH |  | SOLE |  | 0 | 0 | 30000 |
| CHEVRON CORP NEW | COM | 166764100 |  | 486950 | 3195 | SH |  | SOLE |  | 0 | 0 | 3195 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 453950 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| ISHARES TR | LATN AMER 40 ETF | 464287390 |  | 451574 | 14830 | SH |  | SOLE |  | 0 | 0 | 14830 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 448440 | 370 | SH |  | SOLE |  | 0 | 0 | 370 |
| SELECT SECTOR SPDR TR | STATE STREET COM | 81369Y852 |  | 445570 | 3785 | SH |  | SOLE |  | 0 | 0 | 3785 |
| DIMENSIONAL ETF TRUST | US MKTWIDE VALUE | 25434V724 |  | 430771 | 9246 | SH |  | SOLE |  | 0 | 0 | 9246 |
| VICI PPTYS INC | COM | 925652109 |  | 411958 | 14650 | SH |  | SOLE |  | 0 | 0 | 14650 |
| GLOBAL X FDS | GB MSCI AR ETF | 37950E259 |  | 406317 | 4445 | SH |  | SOLE |  | 0 | 0 | 4445 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 401335 | 3256 | SH |  | SOLE |  | 0 | 0 | 3256 |
| ENTERPRISE PRODS PARTNERS L | COM | 293792107 |  | 384720 | 12000 | SH |  | SOLE |  | 0 | 0 | 12000 |
| ISHARES TR | IBONDS 27 TRM TS | 46436E841 |  | 362778 | 16145 | SH |  | SOLE |  | 0 | 0 | 16145 |
| GLOBAL X FDS | CYBRSCURTY ETF | 37954Y384 |  | 338106 | 11100 | SH |  | SOLE |  | 0 | 0 | 11100 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 |  | 321525 | 4500 | SH |  | SOLE |  | 0 | 0 | 4500 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 314761 | 1773 | SH |  | SOLE |  | 0 | 0 | 1773 |
| SOUND POINT MERIDIAN CAP INC | COMMON STOCK | 83617A108 |  | 309375 | 22500 | SH |  | SOLE |  | 0 | 0 | 22500 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 307727 | 4926 | SH |  | SOLE |  | 0 | 0 | 4926 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 297233 | 750 | SH |  | SOLE |  | 0 | 0 | 750 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 296898 | 1400 | SH |  | SOLE |  | 0 | 0 | 1400 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 282297 | 842 | SH |  | SOLE |  | 0 | 0 | 842 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 257744 | 9578 | SH |  | SOLE |  | 0 | 0 | 9578 |
| PARKER-HANNIFIN CORP | COM | 701094104 |  | 241714 | 275 | SH |  | SOLE |  | 0 | 0 | 275 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 239963 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| ZSCALER INC | COM | 98980G102 |  | 224920 | 1000 | SH |  | SOLE |  | 0 | 0 | 1000 |
| SHARKNINJA INC | COM SHS | G8068L108 |  | 223800 | 2000 | SH |  | SOLE |  | 0 | 0 | 2000 |

---