Tradewinds Capital Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), Tradewinds Capital Management, LLC reported 553 stock positions worth $361.8 million. Its top holding was SS SPDR PF LNG TRM TSY E-Usd (SPTL) at 12.2% of the portfolio, followed by SS SPDR S&P 400 MC GR ETF (MDYG, 8.4%) and SS Financial Select Sector (XLF, 8.2%). Compared with Q4 2023, it opened 106 new positions, sold out of 33, added to 113 and reduced 57. The biggest buy was SS SPDR PF LNG TRM TSY E-Usd (SPTL, shares +119445%) and the biggest sale iShares MSCI Brazil ETF (EWZ, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001616026
- Portfolio Value
- $361.8M (Q1 2024)
- SEC Filing
- 0001616026-24-000004 ↗ filed Apr 19, 2024
Holdings Value
Holdings 553 stocks · $361.8M
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 12.24% | 1,585,168 | $44.3M | Add +119445.1% |
| MDYG SS SPDR S&P 400 MC GR ETF | 8.35% | 346,188 | $30.2M | New |
| XLF SS Financial Select Sector | 8.22% | 706,060 | $29.7M | New |
| SLYG SS SPDR S&P 600 SC GR ETF | 8.02% | 332,618 | $29.0M | New |
| XLK SS Technology Select Sector | 7.92% | 137,524 | $28.6M | Add +3867.8% |
| INDA iShares MSCI India ETF | 7.87% | 551,983 | $28.5M | Reduce -8.5% |
| ICVT iShares Convertible Bond ETF | 5.12% | 231,848 | $18.5M | Add +5430.7% |
| SCHM Schwab US Mid Cap ETF | 4.79% | 212,905 | $17.3M | New |
| MDYV SS SPDR S&P 400 MC Val ETF | 4.64% | 220,951 | $16.8M | Add +10210.4% |
| CORP PIMCO Inv Grade Corp. BD ETF | 3.30% | 124,444 | $12.0M | New |
| SCHR Schwab Intermediate-Term US | 3.26% | 240,750 | $11.8M | Add +30183.0% |
| XLY SS Consumer Disc Select Sect | 2.82% | 55,518 | $10.2M | Add +555080.0% |
| SLYV SS SPDR S&P 600 SC Val ETF | 2.78% | 121,202 | $10.1M | Add +10348.5% |
| MSFT Microsoft Corp. | 2.28% | 19,638 | $8.3M | Add +20.8% |
| JPST JPMorgan Ultra-Short Income | 1.51% | 108,650 | $5.5M | Add +0.8% |
| AAPL Apple Inc. | 0.91% | 19,263 | $3.3M | Add +0.1% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.69% | 80,793 | $2.5M | Reduce -89.3% |
| SCHA Schwab US Small-Cap ETF | 0.56% | 41,518 | $2.0M | Add +6.2% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.53% | 38,428 | $1.9M | Add +0.2% |
| EWW iShares MSCI Mexico ETF | 0.50% | 25,995 | $1.8M | Reduce -0.1% |
| SMCI Super Micro Computer Inc. | 0.45% | 1,596 | $1.6M | Reduce -50.0% |
| BKLN Invesco Senior Loan ETF | 0.44% | 75,772 | $1.6M | Add +2.0% |
| MINT PIMCO Enhanced Short Maturit | 0.44% | 15,828 | $1.6M | No change |
| HON Honeywell International Inc. | 0.44% | 7,724 | $1.6M | No change |
| IEUR iShares Core MSCI Europe ETF | 0.42% | 26,235 | $1.5M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 0.42% | 8,399 | $1.5M | Add +9.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.37% | 18,354 | $1.3M | Reduce -93.3% |
| XLE SS Energy Select Sector | 0.37% | 14,031 | $1.3M | Reduce -95.6% |
| EWZ iShares MSCI Brazil ETF | 0.34% | 37,529 | $1.2M | Reduce -95.8% |
| ICSH iShares Ultra Short Duration | 0.30% | 21,371 | $1.1M | Add +0.9% |
| COST Costco Wholesale Corp. | 0.30% | 1,472 | $1.1M | Add +1.7% |
| EWG iShares MSCI Germany ETF | 0.30% | 33,827 | $1.1M | Reduce -12.7% |
| HD Home Depot Inc. | 0.29% | 2,764 | $1.1M | Add +286.0% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.27% | 38,265 | $983K | Reduce -9.0% |
| SCHX Schwab US Large-Cap ETF | 0.27% | 15,530 | $964K | Reduce -97.1% |
| UPS United Parcel Service Class B | 0.25% | 6,035 | $897K | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 0.24% | 1,833 | $881K | Add +50.3% |
| NVDA Nvidia Corp. | 0.23% | 937 | $847K | Add +40.1% |
| SBUX Starbucks Corp. | 0.23% | 8,926 | $816K | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.19% | 1,650 | $694K | Add +0.4% |
| GOOG Alphabet Inc. Class C | 0.18% | 4,395 | $669K | Add +11.8% |
| OKE Oneok Inc. | 0.18% | 8,330 | $668K | Add +268.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.18% | 5,055 | $649K | Add +2.0% |
| VMI Valmont Industries | 0.18% | 2,800 | $639K | No change |
| MPC Marathon Petroleum Corp. | 0.16% | 2,927 | $590K | Add +919.9% |
| WAFD Wafd Inc. | 0.15% | 19,000 | $552K | No change |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.15% | 530 | $539K | Add +1666.7% |
| NSC Norfolk Southern Corp. | 0.14% | 2,000 | $510K | New |
| ONEQ Fidelity Nasdaq Comp Indx | 0.14% | 7,808 | $503K | Add +107.9% |
| JNJ Johnson & Johnson | 0.14% | 3,128 | $495K | Add +3.3% |
| ITOT iShares Core S&P Total U.S. | 0.13% | 4,061 | $468K | Reduce -0.0% |
| TRV The Travelers Cos Inc. | 0.13% | 2,027 | $466K | Add +7407.4% |
| PEP Pepsico Inc. | 0.10% | 2,137 | $374K | Reduce -1.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.10% | 9,602 | $364K | Add +271.7% |
| TKR Timken Co. | 0.10% | 4,000 | $350K | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 2,774 | $339K | No change |
| BANR Banner Corporation | 0.09% | 6,992 | $336K | No change |
| TEL Te Connectivity Ltd. | 0.08% | 2,075 | $301K | New |
| ABT Abbott Laboratories | 0.08% | 2,625 | $298K | Add +441.2% |
| BA The Boeing Co. | 0.08% | 1,507 | $291K | Reduce -36.1% |
| ENB Enbridge Inc. | 0.08% | 7,814 | $283K | No change |
| WMT Walmart Inc. | 0.08% | 4,697 | $283K | Add +180.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.08% | 1,128 | $282K | Add +0.4% |
| SCHF Schwab Intl Equity ETF | 0.08% | 7,088 | $277K | Add +56.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.08% | 2,735 | $272K | No change |
| XOM Exxon Mobil Corp. | 0.07% | 2,231 | $259K | Add +203.9% |
| WFC Wells Fargo & Co. | 0.07% | 4,225 | $245K | Add +412.1% |
| PG The Procter & Gamble Co. | 0.06% | 1,409 | $229K | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.06% | 1,069 | $214K | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.06% | 265 | $206K | Reduce -11.7% |
| ALK Alaska Air Group Inc. | 0.06% | 4,739 | $204K | No change |
| BALL Ball Corp. | 0.06% | 3,000 | $202K | New |
| TSLA Tesla Inc. | 0.06% | 1,136 | $200K | Reduce -4.9% |
| RTX RTX Corp. | 0.05% | 2,035 | $198K | Reduce -8.6% |
| TGT Target Corp. | 0.05% | 1,110 | $197K | Add +909.1% |
| GOOGL Alphabet Inc. Class A | 0.05% | 1,242 | $187K | Add +11.9% |
| PSK SS SPDR Ice Pref Sec ETF | 0.05% | 5,343 | $186K | No change |
| SCHC Schwab Intl Small-Cap Equity | 0.05% | 5,167 | $185K | Add +204.5% |
| MLPA Global X MLP ETF | 0.05% | 3,751 | $181K | New |
| DECK Deckers Outdoor Corp. | 0.05% | 187 | $176K | No change |
| DUK Duke Energy Corp. | 0.05% | 1,809 | $175K | No change |
| ADX Adams Diversified Equity | 0.05% | 8,871 | $173K | New |
| RSPD Invesco S&P 500 Equal Weight | 0.05% | 3,261 | $166K | Add +0.3% |
| CSCO Cisco Systems Inc. | 0.05% | 3,299 | $165K | Add +13.0% |
| NUE Nucor Corp. | 0.04% | 800 | $158K | No change |
| PANW Palo Alto Networks Inc. | 0.04% | 550 | $156K | No change |
| CAT Caterpillar Inc. | 0.04% | 424 | $155K | Add +0.5% |
| WM Waste Management Inc. | 0.04% | 701 | $149K | No change |
| UBER Uber Technologies Inc. | 0.04% | 1,910 | $147K | No change |
| RSPN Invesco S&P 500 Equal Weight | 0.04% | 2,920 | $139K | Add +0.2% |
| RRC Range Resources Corp. | 0.04% | 4,000 | $138K | New |
| ORCL Oracle Corp. | 0.04% | 1,096 | $138K | Add +1041.7% |
| UNH Unitedhealth Group Inc. | 0.04% | 272 | $135K | Add +14.3% |
| MU Micron Technology Inc. | 0.04% | 1,125 | $133K | No change |
| XYL Xylem Inc. | 0.04% | 1,000 | $129K | New |
| QCOM Qualcomm Inc. | 0.03% | 743 | $126K | Add +7.2% |
| FM iShares Frontier and Select | 0.03% | 4,370 | $125K | New |
| BG Bunge Global SA | 0.03% | 1,200 | $123K | Add +500.0% |
| CCB Coastal Financial Corp. | 0.03% | 3,100 | $120K | Reduce -22.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.03% | 448 | $116K | Reduce -0.2% |
Lines left out (1) · $17 — 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 | $17 |
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: $361.8M.
Portfolio Sells Q4 2023 → Q1 2024
| EWZ iShares MSCI Brazil ETF | Reduce -95.8% | 0.34% | −12.22 |
| SCHX Schwab US Large-Cap ETF | Reduce -97.1% | 0.27% | −11.65 |
| GNR State Street SPDR S&P Global | Reduce -99.7% | 0.03% | −10.89 |
| XLE SS Energy Select Sector | Reduce -95.6% | 0.37% | −10.27 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -89.3% | 0.69% | −8.48 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -93.3% | 0.37% | −6.68 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -99.2% | 0.03% | −4.00 |
| INDA iShares MSCI India ETF | Reduce -8.5% | 7.87% | −3.84 |
| EWW iShares MSCI Mexico ETF | Reduce -0.1% | 0.50% | −0.20 |
| BA The Boeing Co. | Reduce -36.1% | 0.08% | −0.16 |
| EWG iShares MSCI Germany ETF | Reduce -12.7% | 0.30% | −0.16 |
| IEUR iShares Core MSCI Europe ETF | Reduce -0.1% | 0.42% | −0.16 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -9.0% | 0.27% | −0.15 |
| XLI SS Industrial Select Sector | Reduce -68.8% | 0.02% | −0.07 |
| TSLA Tesla Inc. | Reduce -4.9% | 0.06% | −0.06 |
| PEP Pepsico Inc. | Reduce -1.8% | 0.10% | −0.04 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.04 |
| ITOT iShares Core S&P Total U.S. | Reduce -0.0% | 0.13% | −0.04 |
| CCB Coastal Financial Corp. | Reduce -22.6% | 0.03% | −0.04 |
| BROS Dutch Bros Inc. Class A | Sold out | 0.00% | −0.03 |
| SCHO Schwab Short-Term US Treas | Reduce -53.3% | 0.01% | −0.03 |
| BP BP PLC-Spons ADR | Reduce -44.6% | 0.02% | −0.03 |
| VYMI Vanguard Int High DVD YLD Inc. | Sold out | 0.00% | −0.02 |
| RTX RTX Corp. | Reduce -8.6% | 0.05% | −0.02 |
| TLRY Tilray Brands Inc. | Reduce -83.3% | 0.00% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.02 |
| EWI iShares MSCI Italy ETF | Reduce -85.4% | 0.00% | −0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -75.5% | 0.00% | −0.02 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.02 |
| PTON Peloton Interactive Inc. Class A | Reduce -62.5% | 0.00% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 0.06% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -35.4% | 0.01% | −0.01 |
| V Visa Inc. Class A | Reduce -5.1% | 0.03% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -11.7% | 0.06% | −0.01 |
| IEMG iShares Core MSCI Emerging | Sold out | 0.00% | −0.01 |
| IYK iShares US Consumer Staples | Reduce -65.3% | 0.00% | −0.01 |
| CVX Chevron Corp. | Reduce -1.7% | 0.03% | −0.01 |
| VHT Vanguard Health Care ETF | Reduce -53.4% | 0.01% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.2% | 0.03% | −0.01 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −0.01 |
| ABBV Abbvie Inc. | Reduce -10.0% | 0.02% | −0.01 |
| TTWO Take-Two Interactive Softwre | Reduce -29.2% | 0.01% | −0.01 |
| IAU iShares Gold Trust | Reduce -70.0% | 0.00% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.0% | 0.02% | −0.01 |
| EWP iShares MSCI Spain ETF | Reduce -1.3% | 0.02% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -51.4% | 0.00% | −0.01 |
| SIVR Abrdn Physical Silver Shares | Reduce -1.4% | 0.02% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -25.0% | 0.01% | −0.01 |
| CHPT Chargepoint Holdings Inc. | Reduce -55.5% | 0.00% | −0.01 |
| CSB Victoryshares US Small Cap H | Sold out | 0.00% | −0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +119445.1% | 12.24% | +12.23 |
| MDYG SS SPDR S&P 400 MC GR ETF | New | 8.35% | +8.35 |
| XLF SS Financial Select Sector | New | 8.22% | +8.22 |
| SLYG SS SPDR S&P 600 SC GR ETF | New | 8.02% | +8.02 |
| XLK SS Technology Select Sector | Add +3867.8% | 7.92% | +7.65 |
| ICVT iShares Convertible Bond ETF | Add +5430.7% | 5.12% | +4.98 |
| SCHM Schwab US Mid Cap ETF | New | 4.79% | +4.79 |
| MDYV SS SPDR S&P 400 MC Val ETF | Add +10210.4% | 4.64% | +4.58 |
| CORP PIMCO Inv Grade Corp. BD ETF | New | 3.30% | +3.30 |
| SCHR Schwab Intermediate-Term US | Add +30183.0% | 3.26% | +3.25 |
| XLY SS Consumer Disc Select Sect | Add +555080.0% | 2.82% | +2.82 |
| SLYV SS SPDR S&P 600 SC Val ETF | Add +10348.5% | 2.78% | +2.74 |
| HD Home Depot Inc. | Add +286.0% | 0.29% | +0.19 |
| MPC Marathon Petroleum Corp. | Add +919.9% | 0.16% | +0.15 |
| NSC Norfolk Southern Corp. | New | 0.14% | +0.14 |
| GWW WW Grainger Inc. | Add +1666.7% | 0.15% | +0.14 |
| TRV The Travelers Cos Inc. | Add +7407.4% | 0.13% | +0.13 |
| OKE Oneok Inc. | Add +268.3% | 0.18% | +0.12 |
| NVDA Nvidia Corp. | Add +40.1% | 0.23% | +0.10 |
| TKR Timken Co. | New | 0.10% | +0.10 |
| TEL Te Connectivity Ltd. | New | 0.08% | +0.08 |
| BAC Bank of America Corp. | Add +271.7% | 0.10% | +0.07 |
| ABT Abbott Laboratories | Add +441.2% | 0.08% | +0.06 |
| BALL Ball Corp. | New | 0.06% | +0.06 |
| WFC Wells Fargo & Co. | Add +412.1% | 0.07% | +0.05 |
| ONEQ Fidelity Nasdaq Comp Indx | Add +107.9% | 0.14% | +0.05 |
| MLPA Global X MLP ETF | New | 0.05% | +0.05 |
| TGT Target Corp. | Add +909.1% | 0.05% | +0.05 |
| ADX Adams Diversified Equity | New | 0.05% | +0.05 |
| WMT Walmart Inc. | Add +180.1% | 0.08% | +0.04 |
| XOM Exxon Mobil Corp. | Add +203.9% | 0.07% | +0.04 |
| RRC Range Resources Corp. | New | 0.04% | +0.04 |
| XYL Xylem Inc. | New | 0.04% | +0.04 |
| FM iShares Frontier and Select | New | 0.03% | +0.03 |
| ORCL Oracle Corp. | Add +1041.7% | 0.04% | +0.03 |
| ACA Arcosa Inc. | New | 0.03% | +0.03 |
| KR Kroger Co. | New | 0.03% | +0.03 |
| TECK Teck Resources Ltd.-CLS B | New | 0.03% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +50.3% | 0.24% | +0.03 |
| TRN Trinity Industries Inc. | New | 0.03% | +0.03 |
| FNF Fidelity National Financial | New | 0.03% | +0.03 |
| SCHC Schwab Intl Small-Cap Equity | Add +204.5% | 0.05% | +0.03 |
| TWI Titan International Inc. | New | 0.03% | +0.03 |
| GLW Corning Inc. | New | 0.03% | +0.03 |
| EVRG Evergy Inc. | New | 0.03% | +0.03 |
| OGS One Gas Inc. | Add +4411.8% | 0.03% | +0.03 |
| BG Bunge Global SA | Add +500.0% | 0.03% | +0.03 |
| EMFM Global X MSCI Next Emerging | New | 0.03% | +0.03 |
| GBX Greenbrier Companies Inc. | New | 0.02% | +0.02 |
| HAL Halliburton Co. | Add +1681.5% | 0.02% | +0.02 |
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 |