POTOMAC FUND MANAGEMENT INC /ADV

Long Only Manager

POTOMAC FUND MANAGEMENT INC /ADV is a Long Only Manager based in Miami, FL led by Manish Kumar Khatta, managing $2.3B across 99 long positions as of Q3 2025 with 97% ETF concentration, 89% concentrated in top 10 holdings, and 40% allocation to SGOV.

CEOManish Kumar Khatta

Portfolio Value: $2.3B
Positions: 99
Top Holding: SGOV at 40.09%
Last Reported: Q3 2025

Address777 Brickell Ave., Suite #500-9455, Miami, FL, 33131, United States

Top Holdings

Largest long holdings in POTOMAC FUND MANAGEMENT INC /ADV's portfolio (88.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares 0-3 Month Treasury Bond SGOV	ETF ETF	$942.0M	40.09%	+$336.7M Bought	— 9.4M shares	Q2 2025 Held for 5 months
2 BondBloxx Bloomberg Six Month Target Duration US Treasury XHLF	ETF ETF	$448.3M	19.08%	+$230.7M Bought	— 8.9M shares	Q2 2025 Held for 5 months
3 Direxion Daily S&P 500 Bull 3x Shares SPXL	ETF ETF	$234.2M	9.97%	-$121.6M Sold	— 1.1M shares	Q4 2024 Held for 11 months
4 UPRO ProShares UltraPro S&P 500 UPRO	ETF ETF	$233.6M	9.94%	-$121.6M Sold	— 2.1M shares	Q2 2025 Held for 5 months
5 Main Sector Rotation SECT	ETF ETF	$50.2M	2.14%	-$474.9K Sold	— 797.1K shares	Q4 2024 Held for 11 months
6 XCCC BondBloxx XCCC	ETF ETF	$43.6M	1.86%	+$43.6M New	— 1.1M shares	Q3 2025 Held for 2 months
7 SPDR Bloomberg Convertible Securities ETF CWB	ETF ETF	$42.5M	1.81%	+$42.5M Bought	— 470.0K shares	Q3 2025 Held for 2 months
8 BondBloxx XBB	ETF ETF	$41.6M	1.77%	+$41.6M New	— 1.0M shares	Q3 2025 Held for 2 months
9 iMGP DBi Managed Futures Strategy DBMF	ETF ETF	$22.4M	0.96%	+$22.4M New	— 821.8K shares	Q3 2025 Held for 2 months
10 iShares iBoxx High Yield Corporate Bond HYG	ETF ETF	$22.4M	0.95%	+$3.0M Bought	— 275.9K shares	Q2 2025 Held for 5 months

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in POTOMAC FUND MANAGEMENT INC /ADV's latest filing

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Market Value

$2.3B

Prior: $1.7B

Q/Q Change

+34.9%

+$607.8M

Net Flows % of MV

+17.57%

Turnover Ratio

25.29%

New Purchases

16 stocks

$191.5M

Added To

29 stocks

+$581.4M

Sold Out Of

13 stocks

$114.7M

Reduced Holdings

51 stocks

-$245.3M

Increased Positions

Position	Shares Δ	Change
1 XCCC BondBloxx XCCC	New	0 → 1.1M +$43.6M
2 BondBloxx XBB	New	0 → 1.0M +$41.6M
3 iMGP DBi Managed Futures Strategy DBMF	New	0 → 821.8K +$22.4M
4 WisdomTree U.S. Quality Dividend Growth Fund DGRW	New	0 → 222.8K +$19.8M
5 Global X Silver Miners SIL	New	0 → 175.4K +$12.6M

Decreased Positions

Position	Shares Δ	Change
1 iShares J.P. Morgan USD Emerging Markets Bond EMB	Sold	207.8K → 0 −$19.2M
2 Invesco S&P 500 Low Volatility SPLV	Sold	231.0K → 0 −$16.8M
3 Consumer Staples Select Sector SPDR Fund XLP	Sold	205.7K → 0 −$16.7M
4 First Trust Dow Jones Internet Index Fund FDN	Sold	37.9K → 0 −$10.2M
5 iShares U.S. Broker-Dealers & Securities Exchanges IAI	Sold	60.1K → 0 −$10.2M