Washington Capital Management, Inc.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 14, 2025), Washington Capital Management, Inc. reported 106 stock positions worth $123.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 18.8% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 7.3%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.2%). Compared with Q4 2024, it opened 12 new positions, sold out of 15, added to 19 and reduced 24. The biggest buy was a new position in Bruker (BRKR) and the biggest sale an exit from Intl Business Machines (IBM).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0000928566
Portfolio Value
$123.6M (Q1 2025)
SEC Filing
0001085146-25-002079 ↗ filed Apr 14, 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 Q4 2024 Q1 2025: $123.6M $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 106 stocks · $123.6M
VTI VG Morningstar TS MKT ETF-US 18.85% 84,794 $23.3M Reduce -0.0%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 7.30% 21,499 $9.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 6.18% 13,671 $7.6M No change
BSV Vanguard Short-Term Bond ETF 5.61% 88,630 $6.9M No change
IGSB iShares 1-5Y Inv Grade Corp. 2.47% 58,418 $3.1M No change
AEM Agnico Eagle Mines Ltd. 1.87% 21,330 $2.3M Reduce -9.3%
JPM JPMorgan Chase & Co. 1.84% 9,280 $2.3M Reduce -0.6%
ACWX iShares MSCI Acwi Ex US ETF 1.70% 37,860 $2.1M No change
VCSH Vanguard S/T Corp. Bond ETF 1.16% 18,130 $1.4M No change
GOOG Alphabet Inc. Class C 1.15% 9,100 $1.4M Reduce -2.1%
PNC PNC Financial Services Group 1.15% 8,070 $1.4M Reduce -6.0%
KEY Keycorp 1.11% 85,830 $1.4M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.03% 30,385 $1.3M Add +35.7%
SBAC SBA Communications Corp. 1.02% 5,750 $1.3M Add +14.8%
CNC Centene Corp. 1.01% 20,630 $1.3M Add +7.8%
EMR Emerson Electric Co. 1.00% 11,300 $1.2M Reduce -0.1%
CPB The Campbell's Company 1.00% 30,900 $1.2M Add +55.1%
VEU Vanguard Ftse All-World Ex-U 0.96% 19,595 $1.2M No change
HAL Halliburton Co. 0.96% 46,670 $1.2M Reduce -0.8%
CSCO Cisco Systems Inc. 0.94% 18,770 $1.2M No change
STM Stmicroelectronics NV-NY SHS 0.93% 52,435 $1.2M Add +40.1%
LH Labcorp Holdings Inc. 0.92% 4,875 $1.1M No change
CNH CNH Industrial NV 0.89% 89,514 $1.1M No change
EA Electronic Arts Inc. 0.83% 7,135 $1.0M No change
PHM Pultegroup Inc. 0.83% 10,000 $1.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.83% 24,555 $1.0M No change
BABA Alibaba Group Holding-SP ADR 0.80% 7,505 $992K No change
CIEN Ciena Corp. 0.79% 16,220 $980K No change
HOLX Hologic Inc. 0.77% 15,445 $954K Add +94.8%
NSC Norfolk Southern Corp. 0.76% 3,980 $943K No change
BRKR Bruker Corp. 0.73% 21,755 $908K New
KR Kroger Co. 0.70% 12,850 $870K No change
FTS Fortis Inc. 0.69% 18,815 $858K No change
MRK Merck & Co. Inc. 0.68% 9,378 $842K Reduce -19.4%
JCI Johnson Controls Internation 0.68% 10,425 $835K Reduce -11.8%
VOO Vanguard S&P 500 ETF 0.65% 1,575 $809K Reduce -1.5%
APTV Aptiv PLC 0.64% 13,275 $790K Add +139.2%
MDT Medtronic PLC 0.63% 8,645 $777K No change
DGX Quest Diagnostics Inc. 0.62% 4,505 $762K No change
PCTY Paylocity Holding Corp. 0.60% 3,985 $747K No change
GEHC GE Healthcare Technology 0.59% 9,100 $734K No change
LMT Lockheed Martin Corp. 0.59% 1,620 $724K No change
UNH Unitedhealth Group Inc. 0.57% 1,355 $710K No change
MCHP Microchip Technology Inc. 0.55% 14,170 $686K New
SOLV Solventum Corp. 0.55% 9,000 $684K No change
TTWO Take-Two Interactive Softwre 0.55% 3,300 $684K Reduce -15.4%
XOM Exxon Mobil Corp. 0.55% 5,730 $681K Reduce -4.2%
ITT Itt Inc. 0.55% 5,265 $680K Reduce -43.2%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.54% 9,400 $669K No change
INGR Ingredion Inc. 0.54% 4,915 $665K No change
CCK Crown Holdings Inc. 0.53% 7,300 $652K No change
PBH Prestige Consumer Healthcare 0.52% 7,500 $645K Reduce -11.8%
MMS Maximus Inc. 0.51% 9,200 $627K No change
JBHT Hunt (jb) Transprt SVCS Inc. 0.50% 4,200 $621K Add +20.0%
MOH Molina Healthcare Inc. 0.49% 1,850 $609K Add +60.9%
WTW Willis Towers Watson PLC 0.49% 1,800 $608K No change
DUK Duke Energy Corp. 0.49% 4,930 $601K No change
MKSI MKS Inc. filed as MKS INSTRS INC 0.49% 7,500 $601K New
NXPI NXP Semiconductors NV 0.49% 3,160 $601K No change
CAH Cardinal Health Inc. 0.48% 4,350 $599K New
ALGN Align Technology Inc. 0.48% 3,700 $588K Add +146.7%
VC Visteon Corp. 0.47% 7,500 $582K Add +19.1%
KEX Kirby Corp. 0.47% 5,710 $577K Reduce -0.3%
BILL Bill Holdings Inc. 0.46% 12,300 $564K Add +98.4%
WH Wyndham Hotels & Resorts Inc. 0.45% 6,200 $561K No change
FROG Jfrog Ltd. 0.45% 17,500 $560K Reduce -16.7%
HUM Humana Inc. 0.45% 2,100 $556K Add +23.5%
ASO Academy Sports & Outdoors Inc. 0.45% 12,100 $552K Add +21.0%
CTRA Coterra Energy Inc. 0.44% 18,800 $543K Reduce -27.7%
LEVI Levi Strauss & Co. Class A 0.43% 34,000 $530K No change
DV Doubleverify Holdings Inc. 0.43% 39,400 $527K Add +24.3%
COP Conocophillips 0.42% 5,000 $525K No change
FANG Diamondback Energy Inc. 0.41% 3,195 $511K No change
LITE Lumentum Holdings Inc. 0.40% 8,000 $499K No change
TFC Truist Financial Corp. 0.40% 12,000 $494K No change
MDB Mongodb Inc. 0.40% 2,800 $491K New
NBIX Neurocrine Biosciences Inc. 0.39% 4,400 $487K Reduce -13.7%
C Citigroup Inc. 0.38% 6,600 $469K Reduce -2.7%
HALO Halozyme Therapeutics Inc. 0.38% 7,300 $466K No change
CFR Cullen/Frost Bankers Inc. 0.37% 3,700 $463K Reduce -24.5%
LYFT LYFT Inc. Class A 0.37% 39,000 $463K Add +23.4%
LHX L3HARRIS Technologies Inc. 0.37% 2,200 $460K Reduce -0.2%
SNOW Snowflake Inc. 0.37% 3,150 $460K Reduce -19.2%
S Sentinelone Inc. Class A 0.36% 24,200 $440K No change
CFLT Confluent Inc. Class A 0.35% 18,700 $438K No change
PATH Uipath Inc. Class A 0.35% 42,000 $433K Add +23.5%
GTLB Gitlab Inc. Class A 0.35% 9,150 $430K Reduce -12.9%
IWM iShares Russell 2000 ETF 0.33% 2,075 $414K No change
VGSH Vanguard Short-Term Treasury 0.33% 7,000 $411K New
IPGP Ipg Photonics Corp. 0.33% 6,500 $410K No change
DIOD Diodes Inc. 0.33% 9,400 $406K No change
U Unity Software Inc. 0.32% 20,200 $396K Add +0.5%
FITB Fifth Third Bancorp 0.32% 10,000 $392K No change
BLD Topbuild Corp. 0.31% 1,250 $381K Add +38.9%
DG Dollar General Corp. 0.31% 4,300 $378K New
ORCL Oracle Corp. 0.28% 2,500 $350K No change
NDSN Nordson Corp. 0.26% 1,600 $323K New
DECK Deckers Outdoor Corp. 0.25% 2,800 $313K New
EME Emcor Group Inc. 0.24% 800 $296K New
VMI Valmont Industries 0.23% 1,000 $285K Reduce -48.7%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.23% 5,200 $285K New
AMP Ameriprise Financial Inc. 0.23% 586 $284K No change
ELV Elevance Health Inc. 0.22% 625 $272K No change
WFC Wells Fargo & Co. 0.19% 3,300 $237K No change
CB Chubb Ltd. 0.18% 728 $220K No change
WY Weyerhaeuser Co. 0.17% 7,100 $208K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $362K (not counted above)
SecurityClassShares / PrincipalValueChange
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 200,000$185KNo change
CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 100,000$92KNo change
ETSY INC (ETSY 0.25 06/15/28) NOTE 0.250% 6/1 · principal 100,000$85KNo change

Total filed on the 13F, all lines: $124.0M.

Portfolio Sells Q4 2024 → Q1 2025
IBM Intl Business Machines Corp. Sold out 0.00% −0.76
VTI VG Morningstar TS MKT ETF-US Reduce -0.0% 18.85% −0.58
SMAR Smartsheet Inc. Class A Sold out 0.00% −0.51
ITT Itt Inc. Reduce -43.2% 0.55% −0.50
TWLO Twilio Inc. Class A Sold out 0.00% −0.46
CNM Core & Main Inc. Class A Sold out 0.00% −0.41
SWKS Skyworks Solutions Inc. Sold out 0.00% −0.40
FMC FMC Corp. Sold out 0.00% −0.37
EHC Encompass Health Corp. Sold out 0.00% −0.36
GO Grocery Outlet Holding Corp. Sold out 0.00% −0.35
ETSY Etsy Inc. Sold out 0.00% −0.34
LDOS Leidos Holdings Inc. Sold out 0.00% −0.32
EL Estee Lauder Companies Class A Sold out 0.00% −0.28
XYZ Block Inc. Sold out 0.00% −0.28
HCP Hashicorp Inc. Class A Sold out 0.00% −0.27
GOOG Alphabet Inc. Class C Reduce -2.1% 1.15% −0.25
VMI Valmont Industries Reduce -48.7% 0.23% −0.24
MRK Merck & Co. Inc. Reduce -19.4% 0.68% −0.23
PEN Penumbra Inc. Sold out 0.00% −0.18
ASAN Asana Inc. Class A Sold out 0.00% −0.17
PNC PNC Financial Services Group Reduce -6.0% 1.15% −0.16
NBIX Neurocrine Biosciences Inc. Reduce -13.7% 0.39% −0.16
CFR Cullen/Frost Bankers Inc. Reduce -24.5% 0.37% −0.15
GTLB Gitlab Inc. Class A Reduce -12.9% 0.35% −0.12
EMR Emerson Electric Co. Reduce -0.1% 1.00% −0.11
SNOW Snowflake Inc. Reduce -19.2% 0.37% −0.10
CTRA Coterra Energy Inc. Reduce -27.7% 0.44% −0.09
JCI Johnson Controls Internation Reduce -11.8% 0.68% −0.06
HAL Halliburton Co. Reduce -0.8% 0.96% −0.05
FROG Jfrog Ltd. Reduce -16.7% 0.45% −0.04
VOO Vanguard S&P 500 ETF Reduce -1.5% 0.65% −0.03
TTWO Take-Two Interactive Softwre Reduce -15.4% 0.55% −0.01
KEX Kirby Corp. Reduce -0.3% 0.47% −0.01
PBH Prestige Consumer Healthcare Reduce -11.8% 0.52% −0.00
C Citigroup Inc. Reduce -2.7% 0.38% +0.00
LHX L3HARRIS Technologies Inc. Reduce -0.2% 0.37% +0.01
XOM Exxon Mobil Corp. Reduce -4.2% 0.55% +0.04
JPM JPMorgan Chase & Co. Reduce -0.6% 1.84% +0.07
AEM Agnico Eagle Mines Ltd. Reduce -9.3% 1.87% +0.42

Portfolio Buys Q4 2024 → Q1 2025
BRKR Bruker Corp. New 0.73% +0.73
MCHP Microchip Technology Inc. New 0.55% +0.55
MKSI MKS Inc. New 0.49% +0.49
CAH Cardinal Health Inc. New 0.48% +0.48
MDB Mongodb Inc. New 0.40% +0.40
APTV Aptiv PLC Add +139.2% 0.64% +0.37
SLB SLB Ltd. Add +35.7% 1.03% +0.35
CPB The Campbell's Company Add +55.1% 1.00% +0.34
VGSH Vanguard Short-Term Treasury New 0.33% +0.33
HOLX Hologic Inc. Add +94.8% 0.77% +0.32
DG Dollar General Corp. New 0.31% +0.31
NDSN Nordson Corp. New 0.26% +0.26
DECK Deckers Outdoor Corp. New 0.25% +0.25
EME Emcor Group Inc. New 0.24% +0.24
TTD Trade Desk Inc./the Class A New 0.23% +0.23
MOH Molina Healthcare Inc. Add +60.9% 0.49% +0.23
ALGN Align Technology Inc. Add +146.7% 0.48% +0.23
SBAC SBA Communications Corp. Add +14.8% 1.02% +0.22
STM Stmicroelectronics NV-NY SHS Add +40.1% 0.93% +0.19
WY Weyerhaeuser Co. New 0.17% +0.17
HUM Humana Inc. Add +23.5% 0.45% +0.11
CNC Centene Corp. Add +7.8% 1.01% +0.10
BLD Topbuild Corp. Add +38.9% 0.31% +0.09
LYFT LYFT Inc. Class A Add +23.4% 0.37% +0.05
BILL Bill Holdings Inc. Add +98.4% 0.46% +0.04
JBHT Hunt (jb) Transprt SVCS Inc. Add +20.0% 0.50% +0.03
VC Visteon Corp. Add +19.1% 0.47% +0.03
PATH Uipath Inc. Class A Add +23.5% 0.35% +0.01
ASO Academy Sports & Outdoors Inc. Add +21.0% 0.45% −0.01
U Unity Software Inc. Add +0.5% 0.32% −0.04
DV Doubleverify Holdings Inc. Add +24.3% 0.43% −0.06

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