Washington Capital Management, Inc.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), Washington Capital Management, Inc. reported 113 stock positions worth $134.2 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 19.2% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 7.1%) and SS SPDR S&P 500 ETF Trust-US (SPY, 6.3%). Compared with Q1 2025, it opened 20 new positions, sold out of 13, added to 26 and reduced 19. The biggest buy was Microchip Technology (MCHP, shares +49%) and the biggest sale an exit from Alibaba Group Holding-SP ADR (BABA).

Most Recent 13F
Q2 2026
Location
SEATTLE, WA
CIK
0000928566
Portfolio Value
$134.2M (Q2 2025)
SEC Filing
0001085146-25-003933 ↗ filed Jul 17, 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 Q1 2025 Q2 2025: $134.2M $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 113 stocks · $134.2M
VTI VG Morningstar TS MKT ETF-US 19.20% 84,794 $25.8M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 7.06% 21,499 $9.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 6.29% 13,671 $8.4M No change
BSV Vanguard Short-Term Bond ETF 5.20% 88,630 $7.0M No change
IGSB iShares 1-5Y Inv Grade Corp. 2.34% 59,418 $3.1M Add +1.7%
JPM JPMorgan Chase & Co. 2.00% 9,280 $2.7M No change
AEM Agnico Eagle Mines Ltd. 1.75% 19,780 $2.4M Reduce -7.3%
ACWX iShares MSCI Acwi Ex US ETF 1.72% 37,860 $2.3M No change
PNC PNC Financial Services Group 1.20% 8,670 $1.6M Add +7.4%
GOOG Alphabet Inc. Class C 1.20% 9,100 $1.6M No change
EMR Emerson Electric Co. 1.12% 11,300 $1.5M No change
MCHP Microchip Technology Inc. 1.11% 21,145 $1.5M Add +49.2%
VCSH Vanguard S/T Corp. Bond ETF 1.08% 18,255 $1.5M Add +0.7%
KEY Keycorp 1.03% 79,530 $1.4M Reduce -7.3%
SBAC SBA Communications Corp. 1.01% 5,750 $1.4M No change
CIEN Ciena Corp. 0.98% 16,220 $1.3M No change
VEU Vanguard Ftse All-World Ex-U 0.98% 19,595 $1.3M No change
CSCO Cisco Systems Inc. 0.97% 18,770 $1.3M No change
LH Labcorp Holdings Inc. 0.95% 4,875 $1.3M No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.94% 37,185 $1.3M Add +22.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.87% 24,555 $1.2M No change
CNH CNH Industrial NV 0.86% 89,514 $1.2M No change
EA Electronic Arts Inc. 0.85% 7,135 $1.1M No change
HOLX Hologic Inc. 0.84% 17,345 $1.1M Add +12.3%
CNC Centene Corp. 0.83% 20,440 $1.1M Reduce -0.9%
STM Stmicroelectronics NV-NY SHS 0.80% 35,145 $1.1M Reduce -33.0%
IWM iShares Russell 2000 ETF 0.79% 4,939 $1.1M Add +138.0%
HAL Halliburton Co. 0.79% 52,020 $1.1M Add +11.5%
PHM Pultegroup Inc. 0.79% 10,000 $1.1M No change
NSC Norfolk Southern Corp. 0.76% 3,980 $1.0M No change
BRKR Bruker Corp. 0.68% 22,245 $916K Add +2.3%
APTV Aptiv PLC 0.67% 13,275 $906K No change
VOO Vanguard S&P 500 ETF 0.67% 1,593 $905K Add +1.1%
FTS Fortis Inc. 0.67% 18,815 $898K No change
JCI Johnson Controls Internation 0.66% 8,425 $890K Reduce -19.2%
KR Kroger Co. 0.62% 11,650 $836K Reduce -9.3%
ITT Itt Inc. 0.62% 5,265 $826K No change
GEHC GE Healthcare Technology 0.60% 10,900 $807K Add +19.8%
NBIX Neurocrine Biosciences Inc. 0.58% 6,200 $779K Add +40.9%
MRVL Marvell Technology Inc. 0.55% 9,600 $743K New
MRK Merck & Co. Inc. 0.55% 9,378 $742K No change
MKSI MKS Inc. 0.55% 7,400 $735K Reduce -1.3%
DG Dollar General Corp. 0.55% 6,400 $732K Add +48.8%
CAH Cardinal Health Inc. 0.54% 4,350 $731K No change
LEVI Levi Strauss & Co. Class A 0.54% 39,300 $727K Add +15.6%
EME Emcor Group Inc. 0.54% 1,350 $722K Add +68.8%
MDB Mongodb Inc. 0.53% 3,400 $714K Add +21.4%
ALGN Align Technology Inc. 0.52% 3,700 $701K No change
NXPI NXP Semiconductors NV 0.51% 3,160 $690K No change
INGR Ingredion Inc. 0.50% 4,915 $667K No change
DV Doubleverify Holdings Inc. 0.49% 43,500 $651K Add +10.4%
KEX Kirby Corp. 0.48% 5,710 $648K No change
PATH Uipath Inc. Class A 0.48% 50,000 $640K Add +19.1%
ASO Academy Sports & Outdoors Inc. 0.47% 14,100 $632K Add +16.5%
CCK Crown Holdings Inc. 0.47% 6,100 $628K Reduce -16.4%
HUM Humana Inc. 0.46% 2,540 $621K Add +20.9%
LMT Lockheed Martin Corp. 0.46% 1,320 $611K Reduce -18.5%
XOM Exxon Mobil Corp. 0.45% 5,655 $610K Reduce -1.3%
CTRA Coterra Energy Inc. 0.45% 24,000 $609K Add +27.7%
GTLB Gitlab Inc. Class A 0.45% 13,500 $609K Add +47.5%
MDT Medtronic PLC 0.45% 6,955 $606K Reduce -19.6%
JBHT Hunt (jb) Transprt SVCS Inc. 0.45% 4,200 $603K No change
CFLT Confluent Inc. Class A 0.45% 24,000 $598K Add +28.3%
DUK Duke Energy Corp. 0.43% 4,930 $582K No change
NDSN Nordson Corp. 0.43% 2,700 $579K Add +68.8%
BILL Bill Holdings Inc. 0.42% 12,300 $569K No change
SOLV Solventum Corp. 0.42% 7,500 $569K Reduce -16.7%
C Citigroup Inc. 0.42% 6,600 $562K No change
MMS Maximus Inc. 0.42% 8,000 $562K Reduce -13.0%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.42% 7,600 $558K Reduce -19.1%
LHX L3HARRIS Technologies Inc. 0.41% 2,200 $552K No change
MOH Molina Healthcare Inc. 0.41% 1,850 $551K No change
ORCL Oracle Corp. 0.41% 2,500 $547K No change
CPB The Campbell's Company 0.40% 17,385 $533K Reduce -43.7%
FROG Jfrog Ltd. 0.40% 12,100 $531K Reduce -30.9%
S Sentinelone Inc. Class A 0.39% 28,300 $517K Add +16.9%
TFC Truist Financial Corp. 0.38% 12,000 $516K No change
TGT Target Corp. 0.37% 5,090 $502K New
VUSB Vanguard Ultra Short Bond Et 0.37% 10,000 $499K New
DIOD Diodes Inc. 0.37% 9,400 $497K No change
HUBB Hubbell Inc. 0.37% 1,200 $490K New
VOYA Voya Financial Inc. 0.36% 6,900 $490K New
VRT Vertiv Holdings Co. Class A 0.36% 3,795 $487K New
CFR Cullen/Frost Bankers Inc. 0.35% 3,700 $476K No change
VGSH Vanguard Short-Term Treasury 0.35% 8,000 $470K Add +14.3%
KNX Knight-Swift Transportation 0.35% 10,500 $464K New
CSX CSX Corp. 0.35% 14,200 $463K New
COP Conocophillips 0.33% 5,000 $449K No change
TKR Timken Co. 0.33% 6,100 $443K New
UNH Unitedhealth Group Inc. 0.31% 1,355 $423K No change
EXPE Expedia Group Inc. 0.31% 2,500 $422K New
CPNG Coupang Inc. 0.31% 13,900 $416K New
FITB Fifth Third Bancorp 0.31% 10,000 $411K No change
BLD Topbuild Corp. 0.30% 1,250 $405K No change
VIOG Vanguard S&P SM Cap 600 GRW 0.30% 3,500 $401K New
GOOGL Alphabet Inc. Class A 0.30% 2,250 $397K New
TRMB Trimble Inc. 0.29% 5,100 $387K New
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.28% 5,200 $374K No change
NVCR Novocure Ltd. 0.28% 21,000 $374K New
DGX Quest Diagnostics Inc. 0.26% 1,955 $351K Reduce -56.6%
VC Visteon Corp. 0.26% 3,750 $350K Reduce -50.0%
GMED Globus Medical Inc. Class A 0.25% 5,700 $336K New
VMI Valmont Industries 0.24% 1,000 $327K No change
MUSA Murphy USA Inc. 0.24% 800 $325K New
AMP Ameriprise Financial Inc. 0.23% 586 $313K No change
DECK Deckers Outdoor Corp. 0.21% 2,800 $289K No change
MSCI MSCI Inc. 0.21% 500 $288K New
WFC Wells Fargo & Co. 0.20% 3,300 $264K No change
LULU Lululemon Athletica Inc. 0.19% 1,100 $261K New
PCTY Paylocity Holding Corp. 0.19% 1,405 $255K Reduce -64.7%
ELV Elevance Health Inc. 0.18% 625 $243K No change
VVV Valvoline Inc. 0.16% 5,700 $216K New
CB Chubb Ltd. 0.16% 728 $211K No change
Other holdings (3): bonds, preferreds, convertibles and warrants · $364K (not counted above)
SecurityClassShares / PrincipalValueChange
UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 200,000$186KNo 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$86KNo change

Total filed on the 13F, all lines: $134.6M.

Portfolio Sells Q1 2025 → Q2 2025
BABA Alibaba Group Holding-SP ADR Sold out 0.00% −0.80
CPB The Campbell's Company Reduce -43.7% 0.40% −0.60
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.55
PBH Prestige Consumer Healthcare Sold out 0.00% −0.52
WTW Willis Towers Watson PLC Sold out 0.00% −0.49
WH Wyndham Hotels & Resorts Inc. Sold out 0.00% −0.45
PCTY Paylocity Holding Corp. Reduce -64.7% 0.19% −0.41
FANG Diamondback Energy Inc. Sold out 0.00% −0.41
LITE Lumentum Holdings Inc. Sold out 0.00% −0.40
HALO Halozyme Therapeutics Inc. Sold out 0.00% −0.38
LYFT LYFT Inc. Class A Sold out 0.00% −0.37
SNOW Snowflake Inc. Sold out 0.00% −0.37
DGX Quest Diagnostics Inc. Reduce -56.6% 0.26% −0.35
IPGP Ipg Photonics Corp. Sold out 0.00% −0.33
U Unity Software Inc. Sold out 0.00% −0.32
VC Visteon Corp. Reduce -50.0% 0.26% −0.21
CNC Centene Corp. Reduce -0.9% 0.83% −0.19
MDT Medtronic PLC Reduce -19.6% 0.45% −0.18
WY Weyerhaeuser Co. Sold out 0.00% −0.17
STM Stmicroelectronics NV-NY SHS Reduce -33.0% 0.80% −0.14
LMT Lockheed Martin Corp. Reduce -18.5% 0.46% −0.13
SOLV Solventum Corp. Reduce -16.7% 0.42% −0.13
WRB WR Berkley Corp. Reduce -19.1% 0.42% −0.13
AEM Agnico Eagle Mines Ltd. Reduce -7.3% 1.75% −0.12
XOM Exxon Mobil Corp. Reduce -1.3% 0.45% −0.10
MMS Maximus Inc. Reduce -13.0% 0.42% −0.09
KR Kroger Co. Reduce -9.3% 0.62% −0.08
KEY Keycorp Reduce -7.3% 1.03% −0.08
CCK Crown Holdings Inc. Reduce -16.4% 0.47% −0.06
FROG Jfrog Ltd. Reduce -30.9% 0.40% −0.06
JCI Johnson Controls Internation Reduce -19.2% 0.66% −0.01
MKSI MKS Inc. Reduce -1.3% 0.55% +0.06

Portfolio Buys Q1 2025 → Q2 2025
MCHP Microchip Technology Inc. Add +49.2% 1.11% +0.55
MRVL Marvell Technology Inc. New 0.55% +0.55
IWM iShares Russell 2000 ETF Add +138.0% 0.79% +0.46
TGT Target Corp. New 0.37% +0.37
VUSB Vanguard Ultra Short Bond Et New 0.37% +0.37
HUBB Hubbell Inc. New 0.37% +0.37
VOYA Voya Financial Inc. New 0.36% +0.36
VRT Vertiv Holdings Co. Class A New 0.36% +0.36
KNX Knight-Swift Transportation New 0.35% +0.35
CSX CSX Corp. New 0.35% +0.35
TKR Timken Co. New 0.33% +0.33
EXPE Expedia Group Inc. New 0.31% +0.31
CPNG Coupang Inc. New 0.31% +0.31
EME Emcor Group Inc. Add +68.8% 0.54% +0.30
VIOG Vanguard S&P SM Cap 600 GRW New 0.30% +0.30
GOOGL Alphabet Inc. Class A New 0.30% +0.30
TRMB Trimble Inc. New 0.29% +0.29
NVCR Novocure Ltd. New 0.28% +0.28
GMED Globus Medical Inc. Class A New 0.25% +0.25
MUSA Murphy USA Inc. New 0.24% +0.24
DG Dollar General Corp. Add +48.8% 0.55% +0.24
MSCI MSCI Inc. New 0.21% +0.21
LULU Lululemon Athletica Inc. New 0.19% +0.19
NBIX Neurocrine Biosciences Inc. Add +40.9% 0.58% +0.19
NDSN Nordson Corp. Add +68.8% 0.43% +0.17
VVV Valvoline Inc. New 0.16% +0.16
MDB Mongodb Inc. Add +21.4% 0.53% +0.13
PATH Uipath Inc. Class A Add +19.1% 0.48% +0.13
LEVI Levi Strauss & Co. Class A Add +15.6% 0.54% +0.11
GTLB Gitlab Inc. Class A Add +47.5% 0.45% +0.11
CFLT Confluent Inc. Class A Add +28.3% 0.45% +0.09
HOLX Hologic Inc. Add +12.3% 0.84% +0.07
DV Doubleverify Holdings Inc. Add +10.4% 0.49% +0.06
PNC PNC Financial Services Group Add +7.4% 1.20% +0.06
S Sentinelone Inc. Class A Add +16.9% 0.39% +0.03
ASO Academy Sports & Outdoors Inc. Add +16.5% 0.47% +0.02
VOO Vanguard S&P 500 ETF Add +1.1% 0.67% +0.02
VGSH Vanguard Short-Term Treasury Add +14.3% 0.35% +0.02
CTRA Coterra Energy Inc. Add +27.7% 0.45% +0.01
HUM Humana Inc. Add +20.9% 0.46% +0.01
GEHC GE Healthcare Technology Add +19.8% 0.60% +0.01
BRKR Bruker Corp. Add +2.3% 0.68% −0.05
VCSH Vanguard S/T Corp. Bond ETF Add +0.7% 1.08% −0.08
SLB SLB Ltd. Add +22.4% 0.94% −0.09
IGSB iShares 1-5Y Inv Grade Corp. Add +1.7% 2.34% −0.14
HAL Halliburton Co. Add +11.5% 0.79% −0.17

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