Tradewinds Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 24, 2026), Tradewinds Capital Management, LLC reported 713 stock positions worth $562.6 million. Its top holding was iShares MSCI South Korea ETF (EWY) at 8.7% of the portfolio, followed by SS Energy Select Sector (XLE, 7.5%) and iShares Global Clean Energy (ICLN, 6.9%). Compared with Q1 2026, it opened 63 new positions, sold out of 69, added to 135 and reduced 135. The biggest buy was iShares Global Clean Energy (ICLN, shares +608076%) and the biggest sale SPDR Gold Minishares Trust (GLDM, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001616026
- Portfolio Value
- $562.6M (Q2 2026)
- SEC Filing
- 0001616026-26-000007 ↗ filed Jul 24, 2026
Holdings Value
Holdings 713 stocks · $562.6M
| EWY iShares MSCI South Korea ETF | 8.74% | 243,624 | $49.2M | Reduce -19.9% |
| XLE SS Energy Select Sector | 7.51% | 795,536 | $42.3M | Add +580.2% |
| ICLN iShares Global Clean Energy | 6.91% | 1,897,510 | $38.9M | Add +608076.3% |
| BBCA JPMorgan Betabuilders Canada | 6.84% | 387,374 | $38.5M | New |
| COMT iShares Gsci Commodity Dynam | 6.62% | 1,225,318 | $37.2M | Reduce -11.7% |
| SIVR Abrdn Physical Silver Shares | 5.59% | 559,479 | $31.5M | Add +11.0% |
| FLGB Franklin Ftse United Kingdom | 4.94% | 786,791 | $27.8M | New |
| XLI SS Industrial Select Sector | 4.87% | 147,946 | $27.4M | Add +25855.4% |
| GNR State Street SPDR S&P Global | 4.64% | 387,837 | $26.1M | Reduce -25.4% |
| HYMB SS SPDR N Ice HY Muni ETF | 4.49% | 992,182 | $25.2M | Add +940.3% |
| ICVT iShares Convertible Bond ETF | 4.32% | 199,640 | $24.3M | Reduce -4.8% |
| SPEM State Street SP PTF Em ETF | 3.67% | 398,992 | $20.7M | Reduce -28.6% |
| SCHX Schwab US Large-Cap ETF | 2.38% | 454,027 | $13.4M | Add +10.4% |
| VCRM Vanguard Core Tax-Ex Bond | 2.09% | 153,988 | $11.8M | New |
| MBB iShares MBS ETF | 2.06% | 122,869 | $11.6M | New |
| MSFT Microsoft Corp. | 1.77% | 26,673 | $9.9M | Add +4.4% |
| JPST JPMorgan Ultra-Short Income | 1.49% | 165,664 | $8.4M | Add +7.9% |
| SCHF Schwab Intl Equity ETF | 1.22% | 247,653 | $6.9M | Add +10.3% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.94% | 77,891 | $5.3M | Add +9.7% |
| SCHA Schwab US Small-Cap ETF | 0.88% | 136,764 | $4.9M | Add +3.1% |
| AAPL Apple Inc. | 0.87% | 16,976 | $4.9M | Add +3.4% |
| MU Micron Technology Inc. | 0.86% | 4,200 | $4.8M | Reduce -2.4% |
| SPBO SS SPDR P Corp. Bond ETF | 0.64% | 123,188 | $3.6M | Reduce -75.5% |
| AMZN Amazon.com Inc. | 0.55% | 12,939 | $3.1M | Reduce -6.7% |
| SPSB SS SPDR P St C Corp. ETF | 0.53% | 99,840 | $3.0M | Add +11.9% |
| JNJ Johnson & Johnson | 0.51% | 11,273 | $2.9M | No change |
| SCHC Schwab Intl Small-Cap Equity | 0.50% | 58,638 | $2.8M | Add +11.9% |
| GOOG Alphabet Inc. Class C | 0.43% | 6,805 | $2.4M | Reduce -1.5% |
| BKLN Invesco Senior Loan ETF | 0.42% | 115,738 | $2.4M | Reduce -0.8% |
| NVDA Nvidia Corp. | 0.42% | 11,734 | $2.3M | Add +6.8% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.40% | 18,692 | $2.2M | Reduce -0.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.37% | 34,223 | $2.1M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.36% | 2,932 | $2.0M | Reduce -1.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.34% | 2,569 | $1.9M | Add +17.1% |
| XOM Exxon Mobil Corp. | 0.33% | 13,561 | $1.9M | Add +0.1% |
| IEUR iShares Core MSCI Europe ETF | 0.30% | 22,490 | $1.7M | Add +0.1% |
| VMI Valmont Industries | 0.29% | 2,800 | $1.6M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 0.27% | 2 | $1.5M | No change |
| FLRN SS SPDR BB Ig Float RT ETF | 0.24% | 43,968 | $1.4M | Reduce -1.5% |
| EWG iShares MSCI Germany ETF | 0.23% | 31,312 | $1.3M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.21% | 1,293 | $1.2M | Reduce -8.2% |
| ICSH iShares Ultra Short Duration | 0.21% | 23,753 | $1.2M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 2,289 | $1.1M | Reduce -0.9% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.20% | 10,862 | $1.1M | Add +0.1% |
| SBUX Starbucks Corp. | 0.17% | 9,251 | $945K | Reduce -14.6% |
| GOOGL Alphabet Inc. Class A | 0.16% | 2,472 | $883K | Add +3.9% |
| EWW iShares MSCI Mexico ETF | 0.16% | 11,668 | $878K | Reduce -95.2% |
| GLW Corning Inc. | 0.14% | 3,076 | $786K | Add +2.3% |
| ABT Abbott Laboratories | 0.14% | 8,583 | $779K | Reduce -2.1% |
| HON Honeywell International Inc. | 0.14% | 3,441 | $771K | Reduce -0.1% |
| HONA Honeywell Aerospace Inc. | 0.14% | 3,440 | $761K | Reduce -0.2% |
| XLK SS Technology Select Sector | 0.14% | 3,990 | $760K | Reduce -0.1% |
| ABBV Abbvie Inc. | 0.14% | 3,020 | $760K | Reduce -13.7% |
| WAFD Wafd Inc. | 0.13% | 19,000 | $729K | No change |
| GWW WW Grainger Inc. | 0.12% | 500 | $680K | No change |
| XEL Xcel Energy Inc. | 0.12% | 8,469 | $680K | No change |
| PG The Procter & Gamble Co. | 0.12% | 4,571 | $670K | Reduce -3.8% |
| UPS United Parcel Service Class B | 0.11% | 6,000 | $645K | No change |
| BAC Bank of America Corp. | 0.11% | 11,178 | $637K | Reduce -0.8% |
| ITOT iShares Core S&P Total U.S. | 0.11% | 3,847 | $632K | No change |
| BNY Bank of New York Mellon Corp. | 0.11% | 4,339 | $627K | No change |
| SCHG Schwab US Large-Cap Growth | 0.11% | 18,235 | $617K | Add +0.4% |
| WFC Wells Fargo & Co. | 0.11% | 7,361 | $608K | No change |
| JPM JPMorgan Chase & Co. | 0.11% | 1,821 | $596K | Reduce -2.4% |
| CAT Caterpillar Inc. | 0.11% | 559 | $596K | Add +5.7% |
| TEM Tempus AI Inc. Class A | 0.10% | 10,000 | $579K | No change |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 7,016 | $565K | Add +0.2% |
| OKE Oneok Inc. | 0.09% | 6,118 | $532K | No change |
| WMT Walmart Inc. | 0.09% | 4,677 | $530K | Reduce -2.1% |
| IVV iShares Core S&P 500 ETF | 0.09% | 693 | $519K | Add +45.9% |
| TRV The Travelers Cos Inc. | 0.09% | 1,532 | $506K | No change |
| UNP Union Pacific Corp. | 0.09% | 1,778 | $484K | Reduce -4.0% |
| MCD McDonald's Corp. | 0.08% | 1,767 | $478K | No change |
| BANR Banner Corporation | 0.08% | 6,992 | $465K | No change |
| SMCI Super Micro Computer Inc. | 0.08% | 15,718 | $461K | No change |
| INTC Intel Corp. | 0.08% | 3,285 | $459K | Add +9.9% |
| ENB Enbridge Inc. | 0.08% | 8,414 | $456K | Add +1.1% |
| EWZ iShares MSCI Brazil ETF | 0.08% | 12,959 | $447K | No change |
| TEL Te Connectivity PLC | 0.08% | 2,196 | $443K | No change |
| SPMO Invesco S&P 500 Momentum ETF | 0.08% | 2,734 | $442K | Add +0.0% |
| CSCO Cisco Systems Inc. | 0.07% | 3,409 | $400K | Reduce -2.3% |
| PANW Palo Alto Networks Inc. | 0.07% | 1,169 | $399K | Reduce -2.0% |
| VICR Vicor Corp. | 0.07% | 1,040 | $395K | Reduce -27.0% |
| BA The Boeing Co. | 0.07% | 1,782 | $386K | Reduce -13.8% |
| AMAT Applied Materials Inc. | 0.06% | 468 | $338K | Reduce -8.8% |
| NSC Norfolk Southern Corp. | 0.06% | 1,053 | $331K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.06% | 945 | $325K | Reduce -0.2% |
| LLY Eli Lilly & Co. | 0.06% | 261 | $313K | Add +14.5% |
| TSLA Tesla Inc. | 0.05% | 690 | $290K | Reduce -11.0% |
| PEP Pepsico Inc. | 0.05% | 2,122 | $287K | Add +0.9% |
| STIP iShares 0-5 Year Tips Bond E | 0.05% | 2,735 | $279K | No change |
| DE Deere & Co. | 0.05% | 435 | $276K | No change |
| TLRY Tilray Brands Inc. | 0.05% | 60,386 | $271K | Reduce 0.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.05% | 701 | $260K | Add +0.1% |
| EWP iShares MSCI Spain ETF | 0.05% | 4,351 | $258K | Reduce -99.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.05% | 904 | $254K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.04% | 2,581 | $248K | Reduce -1.4% |
| RTX RTX Corp. | 0.04% | 1,297 | $246K | Reduce -2.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.04% | 514 | $245K | Add +16.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.04% | 323 | $241K | Add +34.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $12 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| COHEN & STEERS QUALITY-R | RIGHT 07/15/2026 | 775 | $12 | No change |
Lines left out (1) · $35 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| SPXL Direxion Daily S&P 500 Bull | DA 500 BU 3X ETF | 0 | $35 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $562.6M.
Portfolio Sells Q1 2026 → Q2 2026
| GLDM SPDR Gold Minishares Trust | Reduce -99.5% | 0.03% | −7.59 |
| EWP iShares MSCI Spain ETF | Reduce -99.4% | 0.05% | −7.24 |
| EZA iShares MSCI South Africa Et | Reduce -100.0% | 0.00% | −4.75 |
| FLJP Franklin Ftse Japan ETF | Reduce -100.0% | 0.00% | −3.50 |
| EWW iShares MSCI Mexico ETF | Reduce -95.2% | 0.16% | −3.44 |
| GNR State Street SPDR S&P Global | Reduce -25.4% | 4.64% | −3.07 |
| COMT iShares Gsci Commodity Dynam | Reduce -11.7% | 6.62% | −2.70 |
| SPBO SS SPDR P Corp. Bond ETF | Reduce -75.5% | 0.64% | −2.26 |
| PFXF Vaneck Pref Sec X-Financials | Reduce -99.8% | 0.00% | −2.20 |
| SPEM State Street SP PTF Em ETF | Reduce -28.6% | 3.67% | −1.53 |
| HON Honeywell International Inc. | Reduce -0.1% | 0.14% | −0.17 |
| COST Costco Wholesale Corp. | Reduce -8.2% | 0.21% | −0.06 |
| BKLN Invesco Senior Loan ETF | Reduce -0.8% | 0.42% | −0.05 |
| ABT Abbott Laboratories | Reduce -2.1% | 0.14% | −0.04 |
| DFUS Dimensional US Eq MKT ETF | Sold out | 0.00% | −0.03 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -1.5% | 0.24% | −0.03 |
| TLRY Tilray Brands Inc. | Reduce 0.0% | 0.05% | −0.03 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -82.1% | 0.01% | −0.03 |
| AMZN Amazon.com Inc. | Reduce -6.7% | 0.55% | −0.03 |
| SBUX Starbucks Corp. | Reduce -14.6% | 0.17% | −0.02 |
| WMT Walmart Inc. | Reduce -2.1% | 0.09% | −0.02 |
| SCHD Schwab US DVD Equity ETF | Reduce -77.1% | 0.01% | −0.02 |
| RZLV Rezolve AI PLC | Sold out | 0.00% | −0.02 |
| PL Planet Labs PBC | Reduce -71.4% | 0.01% | −0.02 |
| DFAI Dimensional International Co. | Sold out | 0.00% | −0.02 |
| EWG iShares MSCI Germany ETF | Reduce -0.4% | 0.23% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -3.8% | 0.12% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 0.20% | −0.02 |
| ABBV Abbvie Inc. | Reduce -13.7% | 0.14% | −0.02 |
| HONA Honeywell Aerospace Inc. | Reduce -0.2% | 0.14% | −0.02 |
| DFSD Dimensional Short Duration | Reduce -92.4% | 0.00% | −0.02 |
| BP BP PLC-Spons ADR | Reduce -69.7% | 0.00% | −0.01 |
| DFIS Dimensional International SM | Sold out | 0.00% | −0.01 |
| BA The Boeing Co. | Reduce -13.8% | 0.07% | −0.01 |
| DFAT Dimensional US Target Value | Reduce -62.6% | 0.01% | −0.01 |
| DFCF Dimensional Core Fixed Inc. | Reduce -94.4% | 0.00% | −0.01 |
| DFIP Dimensional Inflation-Protec | Sold out | 0.00% | −0.01 |
| DFAS Dimensional US Small Cap ETF | Reduce -50.9% | 0.01% | −0.01 |
| FLY Firefly Aerospace Inc. | Sold out | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -9.1% | 0.04% | −0.01 |
| PAYX Paychex Inc. | Sold out | 0.00% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -72.6% | 0.00% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -11.8% | 0.01% | −0.01 |
| RTX RTX Corp. | Reduce -2.0% | 0.04% | −0.01 |
| NKE Nike Inc. Class B | Reduce -92.0% | 0.00% | −0.01 |
| T AT&T Inc. | Reduce -3.1% | 0.01% | −0.01 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.01 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -80.0% | 0.00% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.4% | 0.04% | −0.01 |
| PSK SS SPDR Ice Pref Sec ETF | Reduce -8.6% | 0.03% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| ICLN iShares Global Clean Energy | Add +608076.3% | 6.91% | +6.91 |
| BBCA JPMorgan Betabuilders Canada | New | 6.84% | +6.84 |
| XLE SS Energy Select Sector | Add +580.2% | 7.51% | +6.09 |
| FLGB Franklin Ftse United Kingdom | New | 4.94% | +4.94 |
| XLI SS Industrial Select Sector | Add +25855.4% | 4.87% | +4.85 |
| HYMB SS SPDR N Ice HY Muni ETF | Add +940.3% | 4.49% | +4.02 |
| VCRM Vanguard Core Tax-Ex Bond | New | 2.09% | +2.09 |
| MBB iShares MBS ETF | New | 2.06% | +2.06 |
| SCHX Schwab US Large-Cap ETF | Add +10.4% | 2.38% | +0.28 |
| SCHF Schwab Intl Equity ETF | Add +10.3% | 1.22% | +0.12 |
| SCHA Schwab US Small-Cap ETF | Add +3.1% | 0.88% | +0.11 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +9.7% | 0.94% | +0.10 |
| QQQ Invesco QQQ Trust Series 1 | Add +17.1% | 0.34% | +0.08 |
| GLW Corning Inc. | Add +2.3% | 0.14% | +0.06 |
| INTC Intel Corp. | Add +9.9% | 0.08% | +0.06 |
| AAPL Apple Inc. | Add +3.4% | 0.87% | +0.05 |
| NVDA Nvidia Corp. | Add +6.8% | 0.42% | +0.04 |
| CAT Caterpillar Inc. | Add +5.7% | 0.11% | +0.03 |
| IVV iShares Core S&P 500 ETF | Add +45.9% | 0.09% | +0.03 |
| AXON Axon Enterprise Inc. | Add +5020.0% | 0.03% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +3.9% | 0.16% | +0.02 |
| SPMO Invesco S&P 500 Momentum ETF | Add +0.0% | 0.08% | +0.02 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +0.1% | 0.20% | +0.02 |
| SCHC Schwab Intl Small-Cap Equity | Add +11.9% | 0.50% | +0.02 |
| LLY Eli Lilly & Co. | Add +14.5% | 0.06% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +16.6% | 0.04% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +34.0% | 0.04% | +0.01 |
| BOIL Proshares Ultra Bloomberg NA | New | 0.01% | +0.01 |
| INTU Intuit Inc. | Add +3000.0% | 0.01% | +0.01 |
| DELL Dell Technologies -C | Add +226.7% | 0.01% | +0.01 |
| KTOS Kratos Defense & Security | New | 0.01% | +0.01 |
| VUSB Vanguard Ultra Short Bond Et | Add +27.7% | 0.04% | +0.01 |
| AMD Advanced Micro Devices | Add +2.5% | 0.01% | +0.01 |
| ALK Alaska Air Group Inc. | Add +4.3% | 0.02% | +0.00 |
| ACN Accenture PLC Class A | Add +7333.3% | 0.00% | +0.00 |
| BSX Boston Scientific Corp. | Add +1891.2% | 0.01% | +0.00 |
| SNOW Snowflake Inc. | Add +31.3% | 0.01% | +0.00 |
| SCHG Schwab US Large-Cap Growth | Add +0.4% | 0.11% | +0.00 |
| FSTA Fidelity MSCI Cons Stap Indx | New | 0.00% | +0.00 |
| TYL Tyler Technologies Inc. | New | 0.00% | +0.00 |
| MRVL Marvell Technology Inc. | Add +2.7% | 0.01% | +0.00 |
| BND Vanguard Total Bond Market | Add +373.3% | 0.00% | +0.00 |
| VT Vanguard Tot World STK ETF | New | 0.00% | +0.00 |
| CWI State Street SPDR MSCI Acwi | Add +75.8% | 0.01% | +0.00 |
| MSTR Strategy Inc. | Add +1212.5% | 0.00% | +0.00 |
| RKLB Rocket Lab Corp. | Add +82.9% | 0.00% | +0.00 |
| ABCL Abcellera Biologics Inc. | New | 0.00% | +0.00 |
| SLS Sellas Life Sciences Group I | New | 0.00% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +16.9% | 0.02% | +0.00 |
| FPS Forgent Power Solutions Class A | Add +94.2% | 0.00% | +0.00 |
Notes & Other Activity Q1 2026 → Q2 2026
| EXE Expand Energy Corp. | COM | Sold out | 0 | $9before exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 713 | $562.6M | EWY, XLE, ICLN, BBCA, COMT |
| Q1 2026 | 717 | $503.5M | COMT, GNR, GLDM, EWY, EWP |
| Q4 2025 | 684 | $474.2M | SIVR, GLDM, XLK, SPYG, SPEM |
| Q3 2025 | 675 | $445.1M | EWI, GLDM, EWP, EWS, EWG |
| Q2 2025 | 640 | $397.7M | EWS, EWG, EWI, EWP, GLDM |
| Q1 2025 | 663 | $373.1M | GLDM, EWS, XLF, COMT, XLY |
| Q4 2024 | 669 | $378.9M | SCHX, SPYG, EWS, XLU, EWH |
| Q3 2024 | 616 | $373.8M | SPYG, XLF, RWO, INDA, SCHM |
| Q2 2024 | 591 | $339.0M | SCHX, SCHA, SPYV, IAU, EWJ |
| Q1 2024 | 553 | $361.8M | SPTL, MDYG, XLF, SLYG, XLK |