Washington Capital Management, Inc.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Washington Capital Management, Inc. reported 109 stock positions worth $126.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 19.4% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 7.2%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.3%). Compared with Q3 2024, it opened 15 new positions, sold out of 12, added to 12 and reduced 41. The biggest buy was a new position in Crown (CCK) and the biggest sale Ingredion (INGR, shares −63%).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0000928566
Portfolio Value
$126.5M (Q4 2024)
SEC Filing
0001085146-25-000434 ↗ filed Jan 23, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $123.1M Q1 2024 Q2 2024: $117.9M Q2 2024 Q3 2024: $129.4M Q3 2024 Q4 2024: $126.5M $126.5M Q4 2024 Q1 2025: $123.6M Q1 2025 Q2 2025: $134.2M Q2 2025 Q3 2025: $139.8M Q3 2025 Q4 2025: $122.8M Q4 2025 Q1 2026: $118.1M Q1 2026 Q2 2026: $151.2M Q2 2026

Holdings 109 stocks · $126.5M
VTI VG Morningstar TS MKT ETF-US 19.43% 84,824 $24.6M Reduce -2.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 7.23% 21,499 $9.1M No change
SPY SS SPDR S&P 500 ETF Trust-US 6.33% 13,671 $8.0M Reduce -4.0%
BSV Vanguard Short-Term Bond ETF 5.41% 88,630 $6.8M No change
IGSB iShares 1-5Y Inv Grade Corp. 2.39% 58,418 $3.0M No change
JPM JPMorgan Chase & Co. 1.77% 9,340 $2.2M Reduce -1.3%
ACWX iShares MSCI Acwi Ex US ETF 1.56% 37,860 $2.0M No change
AEM Agnico Eagle Mines Ltd. 1.45% 23,515 $1.8M Reduce -6.7%
GOOG Alphabet Inc. Class C 1.40% 9,300 $1.8M No change
PNC PNC Financial Services Group 1.31% 8,585 $1.7M Reduce -7.4%
KEY Keycorp 1.16% 85,830 $1.5M Reduce -3.8%
VCSH Vanguard S/T Corp. Bond ETF 1.12% 18,130 $1.4M No change
EMR Emerson Electric Co. 1.11% 11,315 $1.4M No change
CIEN Ciena Corp. 1.09% 16,220 $1.4M Reduce -16.1%
ITT Itt Inc. 1.05% 9,265 $1.3M No change
HAL Halliburton Co. 1.01% 47,070 $1.3M No change
CNC Centene Corp. 0.92% 19,130 $1.2M Add +40.9%
MRK Merck & Co. Inc. 0.92% 11,643 $1.2M Reduce -2.5%
VEU Vanguard Ftse All-World Ex-U 0.89% 19,595 $1.1M No change
LH Labcorp Holdings Inc. 0.88% 4,875 $1.1M Reduce -2.5%
CSCO Cisco Systems Inc. 0.88% 18,770 $1.1M Reduce -3.2%
PHM Pultegroup Inc. 0.86% 10,000 $1.1M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.85% 24,555 $1.1M Reduce -4.3%
EA Electronic Arts Inc. 0.82% 7,135 $1.0M Reduce -0.6%
SBAC SBA Communications Corp. 0.81% 5,010 $1.0M Reduce -1.4%
CNH CNH Industrial NV 0.80% 89,514 $1.0M Reduce -2.1%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.76% 4,390 $965K Reduce -2.2%
STM Stmicroelectronics NV-NY SHS 0.74% 37,415 $934K No change
NSC Norfolk Southern Corp. 0.74% 3,980 $934K Reduce -2.5%
JCI Johnson Controls Internation 0.74% 11,825 $933K Reduce -2.4%
VOO Vanguard S&P 500 ETF 0.68% 1,599 $862K Reduce -4.5%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.68% 22,385 $858K Add +0.5%
CPB The Campbell's Company 0.66% 19,925 $834K Reduce -11.8%
PCTY Paylocity Holding Corp. 0.63% 3,985 $795K Reduce -30.1%
LMT Lockheed Martin Corp. 0.62% 1,620 $787K Reduce -0.9%
KR Kroger Co. 0.62% 12,850 $786K Add +267.1%
FTS Fortis Inc. 0.62% 18,815 $782K No change
TTWO Take-Two Interactive Softwre 0.57% 3,900 $718K No change
GEHC GE Healthcare Technology 0.56% 9,100 $711K Reduce -0.8%
NBIX Neurocrine Biosciences Inc. 0.55% 5,100 $696K No change
MDT Medtronic PLC 0.55% 8,645 $691K Reduce -0.6%
MMS Maximus Inc. 0.54% 9,200 $687K Add +67.3%
UNH Unitedhealth Group Inc. 0.54% 1,355 $685K Reduce -1.1%
DGX Quest Diagnostics Inc. 0.54% 4,505 $680K No change
INGR Ingredion Inc. 0.53% 4,915 $676K Reduce -63.3%
LITE Lumentum Holdings Inc. 0.53% 8,000 $672K Reduce -18.4%
CTRA Coterra Energy Inc. 0.52% 26,000 $664K Add +2.0%
PBH Prestige Consumer Healthcare 0.52% 8,500 $664K No change
CFR Cullen/Frost Bankers Inc. 0.52% 4,900 $658K No change
NXPI NXP Semiconductors NV 0.52% 3,160 $657K Reduce -3.7%
SMAR Smartsheet Inc. Class A 0.51% 11,575 $649K Reduce -17.2%
XOM Exxon Mobil Corp. 0.51% 5,980 $643K Reduce -5.8%
BABA Alibaba Group Holding-SP ADR 0.50% 7,505 $636K Reduce -2.9%
WH Wyndham Hotels & Resorts Inc. 0.49% 6,200 $625K Reduce -13.9%
FROG Jfrog Ltd. 0.49% 21,000 $618K Add +44.8%
DV Doubleverify Holdings Inc. 0.48% 31,700 $609K No change
KEX Kirby Corp. 0.48% 5,725 $606K Reduce -1.0%
CCK Crown Holdings Inc. 0.48% 7,300 $604K New
SNOW Snowflake Inc. 0.48% 3,900 $602K New
VMI Valmont Industries 0.47% 1,950 $598K Reduce -17.0%
JBHT Hunt (jb) Transprt SVCS Inc. 0.47% 3,500 $597K No change
SOLV Solventum Corp. 0.47% 9,000 $595K No change
GTLB Gitlab Inc. Class A 0.47% 10,500 $592K Reduce -17.2%
LEVI Levi Strauss & Co. Class A 0.46% 34,000 $588K Add +21.4%
TWLO Twilio Inc. Class A 0.46% 5,400 $584K Reduce -44.9%
DIOD Diodes Inc. 0.46% 9,400 $580K No change
ASO Academy Sports & Outdoors Inc. 0.45% 10,000 $575K No change
HOLX Hologic Inc. 0.45% 7,930 $572K No change
WTW Willis Towers Watson PLC 0.45% 1,800 $564K No change
VC Visteon Corp. 0.44% 6,300 $559K Add +18.9%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.43% 9,400 $550K No change
S Sentinelone Inc. Class A 0.42% 24,200 $537K New
DUK Duke Energy Corp. 0.42% 4,930 $531K Reduce -6.5%
BILL Bill Holdings Inc. 0.41% 6,200 $525K Add +19.2%
CNM Core & Main Inc. Class A 0.41% 10,300 $524K Add +32.0%
FANG Diamondback Energy Inc. 0.41% 3,195 $523K No change
CFLT Confluent Inc. Class A 0.41% 18,700 $523K Reduce -14.2%
TFC Truist Financial Corp. 0.41% 12,000 $521K No change
SWKS Skyworks Solutions Inc. 0.40% 5,700 $505K No change
COP Conocophillips 0.39% 5,000 $496K No change
C Citigroup Inc. 0.38% 6,785 $478K No change
IPGP Ipg Photonics Corp. 0.37% 6,500 $473K No change
FMC FMC Corp. 0.37% 9,600 $467K Add +77.8%
LHX L3HARRIS Technologies Inc. 0.37% 2,205 $464K Reduce -54.4%
IWM iShares Russell 2000 ETF 0.36% 2,075 $458K Reduce -0.5%
EHC Encompass Health Corp. 0.36% 4,900 $453K No change
U Unity Software Inc. 0.36% 20,100 $452K New
GO Grocery Outlet Holding Corp. 0.35% 28,400 $443K Add +27.4%
ETSY Etsy Inc. 0.34% 8,200 $434K No change
PATH Uipath Inc. Class A 0.34% 34,000 $432K New
HUM Humana Inc. 0.34% 1,700 $431K New
FITB Fifth Third Bancorp 0.33% 10,000 $423K No change
ORCL Oracle Corp. 0.33% 2,500 $417K No change
LDOS Leidos Holdings Inc. 0.32% 2,836 $409K Reduce -27.3%
LYFT LYFT Inc. Class A 0.32% 31,600 $408K New
EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC 0.28% 4,700 $352K New
HALO Halozyme Therapeutics Inc. 0.28% 7,300 $349K No change
XYZ Block Inc. 0.28% 4,100 $348K New
HCP Hashicorp Inc. Class A 0.27% 9,900 $339K No change
APTV Aptiv PLC 0.27% 5,550 $336K New

Show all 109 holdings

Other holdings (3): bonds, preferreds, convertibles and warrants · $354K (not counted above)
SecurityClassShares / PrincipalValueChange
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 200,000$182KNo change
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 100,000$90KNo change
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 100,000$82KNo change

Total filed on the 13F, all lines: $126.9M.

Portfolio Sells Q3 2024 → Q4 2024
INGR Ingredion Inc. Reduce -63.3% 0.53% −0.89
LHX L3HARRIS Technologies Inc. Reduce -54.4% 0.37% −0.52
HUN Huntsman Corp. Sold out 0.00% −0.51
BAH Booz Allen Hamilton Holdings Sold out 0.00% −0.49
KVYO Klaviyo Inc. Class A Sold out 0.00% −0.47
ASH Ashland Inc. Sold out 0.00% −0.38
COR Cencora Inc. Sold out 0.00% −0.38
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.37
EQC Equity Commonwealth Sold out 0.00% −0.36
BAX Baxter International Inc. Sold out 0.00% −0.35
LULU Lululemon Athletica Inc. Sold out 0.00% −0.29
CW Curtiss-Wright Corp. Sold out 0.00% −0.25
CPB The Campbell's Company Reduce -11.8% 0.66% −0.20
MSCI MSCI Inc. Sold out 0.00% −0.18
LDOS Leidos Holdings Inc. Reduce -27.3% 0.32% −0.17
CDW CDW Corp. Sold out 0.00% −0.16
SBAC SBA Communications Corp. Reduce -1.4% 0.81% −0.14
MRK Merck & Co. Inc. Reduce -2.5% 0.92% −0.13
BABA Alibaba Group Holding-SP ADR Reduce -2.9% 0.50% −0.13
ASAN Asana Inc. Class A Reduce -67.7% 0.17% −0.12
LMT Lockheed Martin Corp. Reduce -0.9% 0.62% −0.12
AEM Agnico Eagle Mines Ltd. Reduce -6.7% 1.45% −0.12
GEHC GE Healthcare Technology Reduce -0.8% 0.56% −0.10
PCTY Paylocity Holding Corp. Reduce -30.1% 0.63% −0.10
NXPI NXP Semiconductors NV Reduce -3.7% 0.52% −0.09
SMAR Smartsheet Inc. Class A Reduce -17.2% 0.51% −0.09
UNH Unitedhealth Group Inc. Reduce -1.1% 0.54% −0.08
KEX Kirby Corp. Reduce -1.0% 0.48% −0.07
XOM Exxon Mobil Corp. Reduce -5.8% 0.51% −0.07
MDT Medtronic PLC Reduce -0.6% 0.55% −0.06
VMI Valmont Industries Reduce -17.0% 0.47% −0.05
DUK Duke Energy Corp. Reduce -6.5% 0.42% −0.05
NSC Norfolk Southern Corp. Reduce -2.5% 0.74% −0.05
GTLB Gitlab Inc. Class A Reduce -17.2% 0.47% −0.04
TWLO Twilio Inc. Class A Reduce -44.9% 0.46% −0.03
PNC PNC Financial Services Group Reduce -7.4% 1.31% −0.02
IBM Intl Business Machines Corp. Reduce -2.2% 0.76% −0.00
VOO Vanguard S&P 500 ETF Reduce -4.5% 0.68% −0.00
IWM iShares Russell 2000 ETF Reduce -0.5% 0.36% +0.01
KEY Keycorp Reduce -3.8% 1.16% +0.01
JCI Johnson Controls Internation Reduce -2.4% 0.74% +0.01
CNH CNH Industrial NV Reduce -2.1% 0.80% +0.02
SPY SS SPDR S&P 500 ETF Trust-US Reduce -4.0% 6.33% +0.02
LH Labcorp Holdings Inc. Reduce -2.5% 0.88% +0.02
EA Electronic Arts Inc. Reduce -0.6% 0.82% +0.03
LITE Lumentum Holdings Inc. Reduce -18.4% 0.53% +0.05
WH Wyndham Hotels & Resorts Inc. Reduce -13.9% 0.49% +0.06
BAC Bank of America Corp. Reduce -4.3% 0.85% +0.07
CFLT Confluent Inc. Class A Reduce -14.2% 0.41% +0.07
CSCO Cisco Systems Inc. Reduce -3.2% 0.88% +0.08

Portfolio Buys Q3 2024 → Q4 2024
CCK Crown Holdings Inc. New 0.48% +0.48
SNOW Snowflake Inc. New 0.48% +0.48
KR Kroger Co. Add +267.1% 0.62% +0.47
S Sentinelone Inc. Class A New 0.42% +0.42
U Unity Software Inc. New 0.36% +0.36
PATH Uipath Inc. Class A New 0.34% +0.34
HUM Humana Inc. New 0.34% +0.34
LYFT LYFT Inc. Class A New 0.32% +0.32
EL Estee Lauder Companies Class A New 0.28% +0.28
XYZ Block Inc. New 0.28% +0.28
APTV Aptiv PLC New 0.27% +0.27
MOH Molina Healthcare Inc. New 0.26% +0.26
ALGN Align Technology Inc. New 0.25% +0.25
BLD Topbuild Corp. New 0.22% +0.22
BILL Bill Holdings Inc. Add +19.2% 0.41% +0.20
WFC Wells Fargo & Co. New 0.18% +0.18
PEN Penumbra Inc. New 0.18% +0.18
FROG Jfrog Ltd. Add +44.8% 0.49% +0.16
CNM Core & Main Inc. Class A Add +32.0% 0.41% +0.15
MMS Maximus Inc. Add +67.3% 0.54% +0.15
CNC Centene Corp. Add +40.9% 0.92% +0.13
FMC FMC Corp. Add +77.8% 0.37% +0.09
CTRA Coterra Energy Inc. Add +2.0% 0.52% +0.05
VC Visteon Corp. Add +18.9% 0.44% +0.05
GO Grocery Outlet Holding Corp. Add +27.4% 0.35% +0.05
LEVI Levi Strauss & Co. Class A Add +21.4% 0.46% −0.01
SLB SLB Ltd. Add +0.5% 0.68% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 111$151.2MVTI, DIA, SPY, BSV, GOOG
Q1 2026 100$118.1MVTI, DIA, SPY, AEM, CIEN
Q4 2025 108$122.8MVTI, DIA, SPY, AEM, ACWX
Q3 2025 114$139.8MVTI, DIA, SPY, BSV, IGSB
Q2 2025 113$134.2MVTI, DIA, SPY, BSV, IGSB
Q1 2025 106$123.6MVTI, DIA, SPY, BSV, IGSB
Q4 2024 109$126.5MVTI, DIA, SPY, BSV, IGSB
Q3 2024 106$129.4MVTI, DIA, SPY, BSV, IGSB
Q2 2024 101$117.9MVTI, SPY, DIA, BSV, IGSB
Q1 2024 104$123.1MVTI, DIA, SPY, BSV, IGSB