Black Swift Group, LLC

RIA/Wealth

Black Swift Group, LLC is a RIA/Wealth based in Boulder, CO led by Gregory Joel Casals, reporting $558.0M in AUM as of Q3 2025 with 71% ETF concentration, 53% concentrated in top 10 holdings, and 15% allocation to SPYG.

CIOGregory Joel Casals

Portfolio Value: $556.8M
Positions: 107
Top Holding: SPYG at 15.16%
Last Reported: Q3 2025

Address2700 Canyon Blvd, Suite 215, Boulder, CO, 80302, United States

Top Holdings

Largest long holdings in Black Swift Group, LLC's portfolio (52.8% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Portfolio S&P 500 Growth ETF SPYG	ETF ETF	$84.4M	15.16%	+$14.2M Bought	— 807.5K shares	Q1 2023 Held for 2y 8m
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$59.8M	10.74%	+$9.8M Bought	— 89.8K shares	Q2 2017 Held for 8y 5m
3 iShares Russell 1000 Growth IWF	ETF ETF	$32.4M	5.81%	+$63.2K Bought	— 69.1K shares	Q1 2023 Held for 2y 8m
4 Technology Select Sector SPDR Fund XLK	ETF ETF	$25.4M	4.56%	+$1.2M Bought	— 90.1K shares	Q2 2017 Held for 8y 5m
5 Amazon AMZN	Specialty Retail Consumer Cyclical	$17.8M	3.19%	-$1.4M Sold	0.00% 80.9K shares	Q4 2020 Held for 4y 11m
6 iShares Expanded Tech-Software Sector IGV	ETF ETF	$17.1M	3.07%	-$1.3M Sold	— 148.6K shares	Q4 2024 Held for 11 months
7 Panagram CLOZ	ETF ETF	$16.8M	3.02%	+$5.2M Bought	— 626.2K shares	Q3 2023 Held for 2y 2m
8 Global X Artificial Intelligence & Technology AIQ	Unknown Unknown	$14.6M	2.62%	+$1.4M Bought	— 295.1K shares	Q4 2023 Held for 1y 11m
9 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$14.3M	2.58%	+$4.9M Bought	0.00% 19.5K shares	Q4 2024 Held for 11 months
10 VanEck Semiconductor SMH	ETF ETF	$11.7M	2.11%	-$11.3M Sold	— 35.9K shares	Q4 2023 Held for 1y 11m

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Black Swift Group, LLC's latest filing

See all changes

GthenC

Market Value

$556.8M

Prior: $495.0M

Q/Q Change

+12.48%

+$61.8M

Net Flows % of MV

-3.31%

Turnover Ratio

21.78%

New Purchases

16 stocks

$22.3M

Added To

32 stocks

+$74.7M

Sold Out Of

27 stocks

$67.3M

Reduced Holdings

28 stocks

-$48.1M

Increased Positions

Position	Shares Δ	Change
1 SNDK SanDisk SNDK	New	0 → 35.0K +$3.9M
2 SNDK Sandisk Corporation Common Stock SNDK	New	0 → 35.0K +$3.9M
3 Invesco Solar TAN	New	0 → 83.8K +$3.7M
4 BlackRock AAA CLO CLOA	New	0 → 35.4K +$1.8M
5 Uranium Energy UEC	New	0 → 130.1K +$1.7M

Decreased Positions

Position	Shares Δ	Change
1 Invesco S&P 500 Equal Weight ETF RSP	Sold	81.9K → 0 −$14.9M
2 iShares Europe IEV	Sold	176.0K → 0 −$11.1M
3 GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF GSEW	Sold	133.3K → 0 −$10.9M
4 EWZS iShares MSCI Brazil Small-Cap ETF EWZS	Sold	319.0K → 0 −$4.2M
5 Advanced Micro Devices AMD	Sold	29.7K → 0 −$4.2M

See all changes

GthenC

Analytics

Portfolio insights and performance metrics for Black Swift Group, LLC

View analytics

GthenA

Sector Allocation

ETF

71.10%

Technology

6.80%

Communication Services

4.80%

Consumer Cyclical

4.80%

Healthcare

1.40%

Real Estate

1.30%

Financial Services

1.20%

Industrials

1.10%

Energy

0.70%

Basic Materials

0.30%

Market Cap Distribution

Mega Cap (> $200B)

10.21%

Large Cap ($10B - $200B)

12.99%

Mid Cap ($2B - $10B)

0.52%

Small Cap ($300M - $2B)

0.24%

Nano Cap (< $50M)

0.07%

N/A (ETF or Unknown)

75.98%

Portfolio Concentration

Top 10 Holdings %

52.84%

Top 20 Holdings %

69.38%

Top 50 Holdings %

92.06%

Top 100 Holdings %

99.73%