Tradewinds Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Tradewinds Capital Management, LLC reported 669 stock positions worth $378.9 million. Its top holding was Schwab US Large-Cap ETF (SCHX) at 9.4% of the portfolio, followed by SS SPDR P S&P 500 Growth ETF (SPYG, 8.4%) and iShares MSCI Singapore ETF (EWS, 7.4%). Compared with Q3 2024, it opened 112 new positions, sold out of 60, added to 164 and reduced 79. The biggest buy was Schwab US Large-Cap ETF (SCHX, shares +730%) and the biggest sale State Street SPDR Dow Jones (RWO, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- BELLINGHAM, WA
- CIK
- 0001616026
- Portfolio Value
- $378.9M (Q4 2024)
- SEC Filing
- 0001616026-25-000001 ↗ filed Feb 4, 2025
Holdings Value
Holdings 669 stocks · $378.9M
| SCHX Schwab US Large-Cap ETF | 9.41% | 1,537,591 | $35.6M | Add +729.5% |
| SPYG SS SPDR P S&P 500 Growth ETF | 8.36% | 360,281 | $31.7M | Reduce -1.7% |
| EWS iShares MSCI Singapore ETF | 7.41% | 1,284,214 | $28.1M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 7.37% | 369,066 | $27.9M | Add +738032.0% |
| EWH iShares MSCI Hong Kong ETF | 5.15% | 1,171,730 | $19.5M | New |
| XLF SS Financial Select Sector | 4.79% | 375,411 | $18.1M | Reduce -42.9% |
| ICVT iShares Convertible Bond ETF | 4.66% | 207,591 | $17.6M | Reduce -7.1% |
| XLI SS Industrial Select Sector | 4.57% | 131,323 | $17.3M | Add +57.4% |
| EZA iShares MSCI South Africa Et | 4.54% | 410,022 | $17.2M | New |
| SCHA Schwab US Small-Cap ETF | 3.79% | 554,960 | $14.4M | Add +437.7% |
| BSCS Invesco Bulletshares 2028 CB | 2.91% | 547,767 | $11.0M | Add +216408.7% |
| MSFT Microsoft Corp. | 2.80% | 25,178 | $10.6M | Add +22.6% |
| SCHH Schwab US REIT ETF | 2.78% | 500,717 | $10.5M | Add +910294.6% |
| PSK SS SPDR Ice Pref Sec ETF | 2.69% | 308,831 | $10.2M | Reduce -7.0% |
| FLHK Franklin Ftse Hong Kong ETF | 1.98% | 433,250 | $7.5M | New |
| FM iShares Frontier and Select | 1.83% | 255,346 | $6.9M | New |
| AAPL Apple Inc. | 1.40% | 21,198 | $5.3M | Add +9.2% |
| JPST JPMorgan Ultra-Short Income | 1.27% | 95,240 | $4.8M | Reduce -12.1% |
| AMZN Amazon.com Inc. | 1.19% | 20,491 | $4.5M | Add +126.1% |
| SCHF Schwab Intl Equity ETF | 0.67% | 136,806 | $2.5M | Add +63.8% |
| SPBO SS SPDR P Corp. Bond ETF | 0.63% | 83,287 | $2.4M | New |
| BKLN Invesco Senior Loan ETF | 0.58% | 105,016 | $2.2M | Add +3.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.51% | 38,094 | $1.9M | Reduce -0.5% |
| FLRN SS SPDR BB Ig Float RT ETF | 0.50% | 61,300 | $1.9M | Reduce -0.4% |
| SCHM Schwab US Mid Cap ETF | 0.48% | 65,878 | $1.8M | Reduce -93.6% |
| JNJ Johnson & Johnson | 0.48% | 12,524 | $1.8M | Add +311.6% |
| HON Honeywell International Inc. | 0.44% | 7,408 | $1.7M | Reduce -4.2% |
| HYMB SS SPDR N Ice HY Muni ETF | 0.43% | 63,129 | $1.6M | Reduce -48.0% |
| XOM Exxon Mobil Corp. | 0.43% | 14,979 | $1.6M | Add +559.9% |
| VOO Vanguard S&P 500 ETF | 0.39% | 2,709 | $1.5M | Add +5.0% |
| NVDA Nvidia Corp. | 0.38% | 10,639 | $1.4M | Add +1.9% |
| COST Costco Wholesale Corp. | 0.38% | 1,559 | $1.4M | Add +3.2% |
| SPSB SS SPDR P St C Corp. ETF | 0.35% | 44,843 | $1.3M | New |
| AGG iShares Core U.S. Aggregate | 0.32% | 12,349 | $1.2M | Add +14601.2% |
| IEUR iShares Core MSCI Europe ETF | 0.31% | 22,089 | $1.2M | Reduce -13.7% |
| EWW iShares MSCI Mexico ETF | 0.31% | 24,837 | $1.2M | Reduce -0.4% |
| ICSH iShares Ultra Short Duration | 0.30% | 22,320 | $1.1M | Add +1.7% |
| IAU iShares Gold Trust | 0.29% | 22,386 | $1.1M | Reduce -93.8% |
| MINT PIMCO Enhanced Short Maturit | 0.28% | 10,704 | $1.1M | Reduce -5.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.28% | 30,800 | $1.1M | Add +52.7% |
| HD Home Depot Inc. | 0.28% | 2,704 | $1.1M | Reduce -1.9% |
| ABT Abbott Laboratories | 0.26% | 8,745 | $989K | Add +228.1% |
| GOOG Alphabet Inc. Class C | 0.25% | 4,989 | $950K | Add +12.2% |
| XEL Xcel Energy Inc. | 0.25% | 13,987 | $944K | No change |
| SBUX Starbucks Corp. | 0.24% | 10,143 | $926K | Add +39.4% |
| EWG iShares MSCI Germany ETF | 0.24% | 28,641 | $911K | Reduce -15.7% |
| OKE Oneok Inc. | 0.23% | 8,586 | $862K | Add +0.9% |
| VMI Valmont Industries | 0.23% | 2,800 | $859K | No change |
| ONEQ Fidelity Nasdaq Comp Indx | 0.23% | 11,250 | $856K | Add +0.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 1,741 | $789K | Add +0.1% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.20% | 29,546 | $774K | Add +915.3% |
| UPS United Parcel Service Class B | 0.20% | 6,044 | $762K | Add +0.1% |
| ABBV Abbvie Inc. | 0.20% | 4,221 | $750K | Add +838.0% |
| PG The Procter & Gamble Co. | 0.20% | 4,445 | $745K | Add +259.3% |
| INDA iShares MSCI India ETF | 0.19% | 13,833 | $728K | Reduce -97.2% |
| GXC State Street SPDR S&P China | 0.19% | 9,338 | $709K | New |
| XLK SS Technology Select Sector | 0.17% | 2,828 | $658K | Reduce -36.0% |
| WAFD Wafd Inc. | 0.16% | 19,000 | $613K | No change |
| MCD McDonald's Corp. | 0.15% | 1,958 | $568K | Reduce -0.1% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.15% | 531 | $560K | Add +0.2% |
| WFC Wells Fargo & Co. | 0.14% | 7,732 | $543K | Add +82.4% |
| XLE SS Energy Select Sector | 0.14% | 6,233 | $534K | Reduce -36.0% |
| ITOT iShares Core S&P Total U.S. | 0.14% | 4,077 | $524K | Add +0.4% |
| VPU Vanguard Utilities ETF | 0.14% | 3,203 | $523K | New |
| TRV The Travelers Cos Inc. | 0.13% | 2,030 | $489K | Reduce -1.3% |
| WTRG Essential Utilities Inc. | 0.13% | 13,408 | $487K | Add +0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.13% | 1,797 | $475K | Add +7.5% |
| NSC Norfolk Southern Corp. | 0.12% | 2,004 | $470K | No change |
| BANR Banner Corporation | 0.12% | 6,992 | $467K | No change |
| SMCI Super Micro Computer Inc. | 0.12% | 15,122 | $461K | New |
| UNP Union Pacific Corp. | 0.12% | 1,958 | $447K | Add +1123.8% |
| MU Micron Technology Inc. | 0.11% | 5,110 | $430K | Add +10.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.11% | 9,774 | $430K | Add +1.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.11% | 4,984 | $429K | Add +2.5% |
| WMT Walmart Inc. | 0.11% | 4,677 | $423K | No change |
| MPC Marathon Petroleum Corp. | 0.11% | 2,927 | $408K | Reduce -1.4% |
| PGX Invesco Preferred ETF | 0.10% | 34,304 | $396K | Add +15146.2% |
| GOOGL Alphabet Inc. Class A | 0.10% | 2,058 | $389K | Add +14.0% |
| CVX Chevron Corp. | 0.10% | 2,628 | $381K | Add +390.3% |
| EWZ iShares MSCI Brazil ETF | 0.09% | 15,775 | $355K | Reduce -40.1% |
| ENB Enbridge Inc. | 0.09% | 8,334 | $354K | Add +0.1% |
| BA The Boeing Co. | 0.09% | 1,935 | $342K | Add +0.4% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.09% | 4,439 | $341K | Add +4339.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.09% | 12,716 | $339K | Add +36.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.09% | 2,991 | $333K | Add +7.6% |
| PEP Pepsico Inc. | 0.09% | 2,163 | $329K | No change |
| TEL Te Connectivity PLC | 0.08% | 2,205 | $315K | Add +1.1% |
| ORCL Oracle Corp. | 0.08% | 1,756 | $293K | Add +60.2% |
| TKR Timken Co. | 0.08% | 4,000 | $285K | No change |
| IVV iShares Core S&P 500 ETF | 0.07% | 480 | $282K | Add +0.4% |
| AMD Advanced Micro Devices | 0.07% | 2,281 | $276K | Add +927.5% |
| STIP iShares 0-5 Year Tips Bond E | 0.07% | 2,735 | $275K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.07% | 533 | $272K | Add +417.5% |
| CCB Coastal Financial Corp. | 0.07% | 3,100 | $263K | No change |
| JPM JPMorgan Chase & Co. | 0.07% | 1,077 | $258K | No change |
| RTX RTX Corp. | 0.07% | 2,182 | $253K | No change |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.06% | 901 | $243K | New |
| SLV iShares Silver Trust | 0.06% | 9,218 | $243K | Add +72.7% |
| SGOL Abrdn Physical Gold Shares | 0.06% | 9,649 | $242K | No change |
| DELL Dell Technologies -C | 0.06% | 2,000 | $230K | New |
Portfolio Sells Q3 2024 → Q4 2024
| RWO State Street SPDR Dow Jones | Reduce -100.0% | 0.00% | −7.96 |
| INDA iShares MSCI India ETF | Reduce -97.2% | 0.19% | −7.66 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -100.0% | 0.00% | −7.38 |
| SCHM Schwab US Mid Cap ETF | Reduce -93.6% | 0.48% | −7.17 |
| CORP PIMCO Inv Grade Corp. BD ETF | Reduce -99.4% | 0.03% | −5.07 |
| IAU iShares Gold Trust | Reduce -93.8% | 0.29% | −4.50 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -99.3% | 0.03% | −4.46 |
| XLF SS Financial Select Sector | Reduce -42.9% | 4.79% | −3.19 |
| EWP iShares MSCI Spain ETF | Reduce -99.8% | 0.00% | −3.08 |
| PSK SS SPDR Ice Pref Sec ETF | Reduce -7.0% | 2.69% | −0.48 |
| HYMB SS SPDR N Ice HY Muni ETF | Reduce -48.0% | 0.43% | −0.43 |
| ICVT iShares Convertible Bond ETF | Reduce -7.1% | 4.66% | −0.35 |
| SIVR Abrdn Physical Silver Shares | Reduce -97.6% | 0.01% | −0.24 |
| JPST JPMorgan Ultra-Short Income | Reduce -12.1% | 1.27% | −0.20 |
| EWI iShares MSCI Italy ETF | Reduce -99.6% | 0.00% | −0.15 |
| EWZ iShares MSCI Brazil ETF | Reduce -40.1% | 0.09% | −0.11 |
| IEUR iShares Core MSCI Europe ETF | Reduce -13.7% | 0.31% | −0.10 |
| XLK SS Technology Select Sector | Reduce -36.0% | 0.17% | −0.09 |
| XLE SS Energy Select Sector | Reduce -36.0% | 0.14% | −0.09 |
| EWG iShares MSCI Germany ETF | Reduce -15.7% | 0.24% | −0.07 |
| EWW iShares MSCI Mexico ETF | Reduce -0.4% | 0.31% | −0.05 |
| FLIN Franklin Ftse India ETF | Sold out | 0.00% | −0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -0.5% | 0.51% | −0.03 |
| BG Bunge Global SA | Sold out | 0.00% | −0.03 |
| ALK Alaska Air Group Inc. | Reduce -57.0% | 0.03% | −0.02 |
| MPC Marathon Petroleum Corp. | Reduce -1.4% | 0.11% | −0.02 |
| HD Home Depot Inc. | Reduce -1.9% | 0.28% | −0.02 |
| MINT PIMCO Enhanced Short Maturit | Reduce -5.0% | 0.28% | −0.02 |
| BSCQ Invesco Bulletshares 2026 CB | Sold out | 0.00% | −0.02 |
| SPR Spirit Aerosystems Hold Class A | Sold out | 0.00% | −0.02 |
| TWI Titan International Inc. | Sold out | 0.00% | −0.02 |
| PSX Phillips 66 | Reduce -22.0% | 0.03% | −0.02 |
| AOA iShares Core 80/20 Aggressiv | Sold out | 0.00% | −0.01 |
| LSCC Lattice Semiconductor Corp. | Sold out | 0.00% | −0.01 |
| TRN Trinity Industries Inc. | Reduce -30.0% | 0.03% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -84.3% | 0.00% | −0.01 |
| FLRN SS SPDR BB Ig Float RT ETF | Reduce -0.4% | 0.50% | −0.01 |
| RMBS Rambus Inc. | Reduce -77.2% | 0.00% | −0.01 |
| MCD McDonald's Corp. | Reduce -0.1% | 0.15% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -15.2% | 0.03% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -0.4% | 0.05% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Sold out | 0.00% | −0.01 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -38.5% | 0.01% | −0.01 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.01 |
| TSCO Tractor Supply Company | Sold out | 0.00% | −0.01 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.01 |
| TSLA Tesla Inc. | Reduce -39.7% | 0.06% | −0.01 |
| MSTR Strategy Inc. | Reduce -81.2% | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| SCHX Schwab US Large-Cap ETF | Add +729.5% | 9.41% | +8.29 |
| EWS iShares MSCI Singapore ETF | New | 7.41% | +7.41 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +738032.0% | 7.37% | +7.37 |
| EWH iShares MSCI Hong Kong ETF | New | 5.15% | +5.15 |
| EZA iShares MSCI South Africa Et | New | 4.54% | +4.54 |
| SCHA Schwab US Small-Cap ETF | Add +437.7% | 3.79% | +3.08 |
| BSCS Invesco Bulletshares 2028 CB | Add +216408.7% | 2.91% | +2.91 |
| SCHH Schwab US REIT ETF | Add +910294.6% | 2.78% | +2.78 |
| FLHK Franklin Ftse Hong Kong ETF | New | 1.98% | +1.98 |
| FM iShares Frontier and Select | New | 1.83% | +1.83 |
| XLI SS Industrial Select Sector | Add +57.4% | 4.57% | +1.54 |
| AMZN Amazon.com Inc. | Add +126.1% | 1.19% | +0.73 |
| SPBO SS SPDR P Corp. Bond ETF | New | 0.63% | +0.63 |
| MSFT Microsoft Corp. | Add +22.6% | 2.80% | +0.44 |
| XOM Exxon Mobil Corp. | Add +559.9% | 0.43% | +0.35 |
| SPSB SS SPDR P St C Corp. ETF | New | 0.35% | +0.35 |
| JNJ Johnson & Johnson | Add +311.6% | 0.48% | +0.35 |
| AGG iShares Core U.S. Aggregate | Add +14601.2% | 0.32% | +0.31 |
| SCHF Schwab Intl Equity ETF | Add +63.8% | 0.67% | +0.21 |
| AAPL Apple Inc. | Add +9.2% | 1.40% | +0.19 |
| GXC State Street SPDR S&P China | New | 0.19% | +0.19 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Add +915.3% | 0.20% | +0.18 |
| ABT Abbott Laboratories | Add +228.1% | 0.26% | +0.18 |
| ABBV Abbvie Inc. | Add +838.0% | 0.20% | +0.17 |
| PG The Procter & Gamble Co. | Add +259.3% | 0.20% | +0.14 |
| VPU Vanguard Utilities ETF | New | 0.14% | +0.14 |
| SMCI Super Micro Computer Inc. | New | 0.12% | +0.12 |
| UNP Union Pacific Corp. | Add +1123.8% | 0.12% | +0.11 |
| PGX Invesco Preferred ETF | Add +15146.2% | 0.10% | +0.10 |
| BNY Bank of New York Mellon Corp. | Add +4339.0% | 0.09% | +0.09 |
| CVX Chevron Corp. | Add +390.3% | 0.10% | +0.08 |
| WFC Wells Fargo & Co. | Add +82.4% | 0.14% | +0.08 |
| SCHC Schwab Intl Small-Cap Equity | Add +52.7% | 0.28% | +0.07 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | New | 0.06% | +0.06 |
| AMD Advanced Micro Devices | Add +927.5% | 0.07% | +0.06 |
| DELL Dell Technologies -C | New | 0.06% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +417.5% | 0.07% | +0.06 |
| SBUX Starbucks Corp. | Add +39.4% | 0.24% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +12.2% | 0.25% | +0.05 |
| IBM Intl Business Machines Corp. | Add +853.0% | 0.06% | +0.05 |
| NVDA Nvidia Corp. | Add +1.9% | 0.38% | +0.04 |
| IYR iShares US Real Estate ETF | New | 0.03% | +0.03 |
| MCHI iShares MSCI China ETF | New | 0.03% | +0.03 |
| SPMD SS SPDR P S&P 400 Midcap ETF | New | 0.03% | +0.03 |
| META Meta Platforms Inc. Class A | Add +115.5% | 0.05% | +0.03 |
| ORCL Oracle Corp. | Add +60.2% | 0.08% | +0.03 |
| SLV iShares Silver Trust | Add +72.7% | 0.06% | +0.02 |
| ACHR Archer Aviation Inc. Class A | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +14.0% | 0.10% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +5.0% | 0.39% | +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 |