Washington Capital Management, Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 29, 2026), Washington Capital Management, Inc. reported 108 stock positions worth $122.8 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 23.7% of the portfolio, followed by SS SPDR Dow Jones Indus Avg (DIA, 8.4%) and SS SPDR S&P 500 ETF Trust-US (SPY, 7.6%). Compared with Q3 2025, it opened 15 new positions, sold out of 21, added to 23 and reduced 35. The biggest buy was VG Morningstar TS MKT ETF-US (VTI, shares +5%) and the biggest sale an exit from Vanguard Short-Term Bond ETF (BSV).
- Most Recent 13F
- Q2 2026
- Location
- SEATTLE, WA
- CIK
- 0000928566
- Portfolio Value
- $122.8M (Q4 2025)
- SEC Filing
- 0000928566-26-000001 ↗ filed Jan 29, 2026
Holdings Value
Holdings 108 stocks · $122.8M
| VTI VG Morningstar TS MKT ETF-US | 23.69% | 86,796 | $29.1M | Add +5.1% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 8.41% | 21,499 | $10.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 7.59% | 13,671 | $9.3M | No change |
| AEM Agnico Eagle Mines Ltd. | 1.88% | 13,655 | $2.3M | Reduce -22.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 1.87% | 34,139 | $2.3M | Reduce -9.8% |
| KEY Keycorp | 1.41% | 83,810 | $1.7M | Add +8.1% |
| CIEN Ciena Corp. | 1.28% | 6,745 | $1.6M | Reduce -50.6% |
| GOOG Alphabet Inc. Class C | 1.20% | 4,700 | $1.5M | Reduce -48.4% |
| CSCO Cisco Systems Inc. | 1.10% | 17,600 | $1.4M | Reduce -1.2% |
| EMR Emerson Electric Co. | 1.10% | 10,190 | $1.4M | No change |
| MCHP Microchip Technology Inc. | 1.10% | 21,210 | $1.4M | Add +10.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.02% | 22,860 | $1.3M | Reduce -0.1% |
| KEX Kirby Corp. | 0.97% | 10,825 | $1.2M | Add +16.1% |
| LH Labcorp Holdings Inc. | 0.96% | 4,715 | $1.2M | Reduce -0.3% |
| PNC PNC Financial Services Group | 0.94% | 5,510 | $1.2M | Reduce -34.6% |
| JPM JPMorgan Chase & Co. | 0.93% | 3,545 | $1.1M | Reduce -60.8% |
| HAL Halliburton Co. | 0.92% | 39,830 | $1.1M | Reduce -21.0% |
| VEU Vanguard Ftse All-World Ex-U | 0.87% | 14,570 | $1.1M | Reduce -25.6% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.83% | 26,600 | $1.0M | Reduce -32.9% |
| BDX Becton Dickinson and Co. | 0.83% | 5,245 | $1.0M | No change |
| APTV Aptiv PLC | 0.82% | 13,220 | $1.0M | Reduce -8.6% |
| MOH Molina Healthcare Inc. | 0.82% | 5,795 | $1.0M | Reduce -0.2% |
| VOO Vanguard S&P 500 ETF | 0.80% | 1,566 | $982K | Add +1.6% |
| EA Electronic Arts Inc. | 0.80% | 4,797 | $980K | Reduce -30.6% |
| FTS Fortis Inc. | 0.79% | 18,740 | $973K | Reduce -0.4% |
| GEHC GE Healthcare Technology | 0.77% | 11,520 | $945K | Add +5.7% |
| FTV Fortive Corp. | 0.74% | 16,540 | $913K | Add +89.5% |
| ITT Itt Inc. | 0.73% | 5,180 | $899K | No change |
| CAH Cardinal Health Inc. | 0.73% | 4,350 | $894K | No change |
| MKSI MKS Inc. | 0.72% | 5,500 | $879K | Reduce -14.1% |
| EXPE Expedia Group Inc. | 0.71% | 3,100 | $878K | No change |
| GMED Globus Medical Inc. Class A | 0.71% | 10,000 | $873K | Add +23.5% |
| SBAC SBA Communications Corp. | 0.70% | 4,425 | $856K | Reduce -20.4% |
| DG Dollar General Corp. | 0.69% | 6,400 | $850K | No change |
| CFLT Confluent Inc. Class A | 0.69% | 28,000 | $847K | Add +16.7% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.66% | 4,200 | $816K | No change |
| MDB Mongodb Inc. | 0.63% | 1,850 | $776K | Reduce -28.9% |
| CTRA Coterra Energy Inc. | 0.63% | 29,400 | $774K | No change |
| SOLV Solventum Corp. | 0.63% | 9,705 | $769K | Add +29.4% |
| VRT Vertiv Holdings Co. Class A | 0.62% | 4,700 | $761K | Add +23.9% |
| MRK Merck & Co. Inc. | 0.60% | 7,033 | $740K | Reduce -22.1% |
| TFC Truist Financial Corp. | 0.59% | 14,800 | $728K | Reduce -12.9% |
| WH Wyndham Hotels & Resorts Inc. | 0.59% | 9,600 | $725K | Add +74.5% |
| IWM iShares Russell 2000 ETF | 0.58% | 2,910 | $716K | Reduce -58.1% |
| ASO Academy Sports & Outdoors Inc. | 0.57% | 14,100 | $704K | No change |
| MMS Maximus Inc. | 0.56% | 8,000 | $691K | No change |
| HOLX Hologic Inc. | 0.55% | 9,120 | $679K | Reduce -46.0% |
| WCC Wesco International Inc. | 0.55% | 2,766 | $677K | Add +6.4% |
| NSC Norfolk Southern Corp. | 0.55% | 2,325 | $671K | Reduce -39.2% |
| BILL Bill Holdings Inc. | 0.55% | 12,300 | $671K | No change |
| GOOGL Alphabet Inc. Class A | 0.54% | 2,130 | $667K | No change |
| GTLB Gitlab Inc. Class A | 0.54% | 17,700 | $664K | Add +31.1% |
| NXPI NXP Semiconductors NV | 0.54% | 3,035 | $659K | Add +1.9% |
| TKR Timken Co. | 0.53% | 7,800 | $656K | No change |
| HUM Humana Inc. | 0.53% | 2,540 | $651K | No change |
| NDSN Nordson Corp. | 0.53% | 2,700 | $649K | No change |
| BLD Topbuild Corp. | 0.51% | 1,500 | $626K | No change |
| NBIX Neurocrine Biosciences Inc. | 0.51% | 4,400 | $624K | Reduce -15.4% |
| ESI Element Solutions Inc. | 0.50% | 24,500 | $612K | New |
| FROG Jfrog Ltd. | 0.50% | 9,800 | $612K | Reduce -19.0% |
| LEVI Levi Strauss & Co. Class A | 0.49% | 29,000 | $601K | Reduce -13.9% |
| TEAM Atlassian Corp. Class A | 0.49% | 3,700 | $600K | Add +76.2% |
| MDT Medtronic PLC | 0.49% | 6,240 | $599K | Reduce -3.3% |
| MRVL Marvell Technology Inc. | 0.48% | 6,900 | $586K | Reduce -18.8% |
| XOM Exxon Mobil Corp. | 0.48% | 4,860 | $585K | Reduce -5.8% |
| LHX L3HARRIS Technologies Inc. | 0.47% | 1,985 | $583K | Reduce -5.5% |
| DIOD Diodes Inc. | 0.47% | 11,600 | $572K | No change |
| MUSA Murphy USA Inc. | 0.46% | 1,400 | $565K | No change |
| ZTS Zoetis Inc. | 0.45% | 4,390 | $552K | Add +58.5% |
| EME Emcor Group Inc. | 0.45% | 900 | $551K | No change |
| SFM Sprouts Farmers Market Inc. | 0.45% | 6,900 | $550K | New |
| P Everpure Inc. Class A filed as PURE STORAGE INC | 0.45% | 8,200 | $549K | Add +32.3% |
| MNDY Monday.com Ltd. | 0.44% | 3,700 | $546K | New |
| HUBS HubSpot Inc. | 0.44% | 1,350 | $542K | Add +35.0% |
| DUK Duke Energy Corp. | 0.44% | 4,595 | $539K | No change |
| HUBB Hubbell Inc. | 0.43% | 1,200 | $533K | No change |
| CSX CSX Corp. | 0.42% | 14,200 | $515K | No change |
| ACN Accenture PLC Class A | 0.40% | 1,835 | $492K | New |
| CFR Cullen/Frost Bankers Inc. | 0.38% | 3,700 | $469K | No change |
| RGEN Repligen Corp. | 0.37% | 2,800 | $459K | No change |
| DECK Deckers Outdoor Corp. | 0.37% | 4,400 | $456K | Add +57.1% |
| UNH Unitedhealth Group Inc. | 0.36% | 1,325 | $437K | Add +3.9% |
| CXW Corecivic Inc. | 0.35% | 22,600 | $432K | Add +43.0% |
| CAVA Cava Group Inc. | 0.35% | 7,300 | $428K | New |
| STE Steris PLC | 0.33% | 1,600 | $406K | No change |
| NVCR Novocure Ltd. | 0.33% | 31,000 | $401K | No change |
| IT Gartner Inc. | 0.31% | 1,500 | $378K | No change |
| AQN Algonquin Power & Utilities | 0.30% | 59,800 | $368K | New |
| ARW Arrow Electronics Inc. | 0.27% | 3,000 | $331K | Add +66.7% |
| DGX Quest Diagnostics Inc. | 0.25% | 1,780 | $309K | Reduce -1.4% |
| WFC Wells Fargo & Co. | 0.25% | 3,300 | $308K | No change |
| ADBE Adobe Inc. | 0.24% | 835 | $292K | New |
| AMP Ameriprise Financial Inc. | 0.23% | 586 | $287K | No change |
| MSCI MSCI Inc. | 0.23% | 500 | $287K | No change |
| LMT Lockheed Martin Corp. | 0.21% | 535 | $259K | Reduce -56.7% |
| BMRN Biomarin Pharmaceutical Inc. | 0.21% | 4,300 | $256K | New |
| TDY Teledyne Technologies Inc. | 0.21% | 500 | $255K | New |
| MBLY Mobileye Global Inc. Class A | 0.20% | 24,000 | $251K | New |
| ESTC Elastic NV | 0.20% | 3,200 | $241K | New |
| RY Royal Bank of Canada | 0.19% | 1,400 | $239K | No change |
| CGNX Cognex Corp. | 0.19% | 6,600 | $237K | Reduce -26.7% |
| IEX Idex Corp. | 0.19% | 1,300 | $231K | New |
| CB Chubb Ltd. | 0.18% | 728 | $227K | No change |
| INSP Inspire Medical Systems Inc. | 0.18% | 2,400 | $221K | New |
| ELV Elevance Health Inc. | 0.18% | 625 | $219K | No change |
| PCTY Paylocity Holding Corp. | 0.17% | 1,385 | $211K | Reduce -1.4% |
| CMCSA Comcast Corp. Class A | 0.17% | 7,050 | $211K | New |
| VST Vistra Corp. | 0.17% | 1,300 | $210K | New |
Other holdings (3): bonds, preferreds, convertibles and warrants · $379K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 200,000 | $193K | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 100,000 | $97K | No change |
| ETSY INC (ETSY 0.25 06/15/28) | NOTE 0.250% 6/1 · principal | 100,000 | $89K | No change |
Total filed on the 13F, all lines: $123.2M.
Portfolio Sells Q3 2025 → Q4 2025
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −5.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −2.25 |
| JPM JPMorgan Chase & Co. | Reduce -60.8% | 0.93% | −1.11 |
| VCSH Vanguard S/T Corp. Bond ETF | Sold out | 0.00% | −1.02 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.95 |
| IWM iShares Russell 2000 ETF | Reduce -58.1% | 0.58% | −0.62 |
| KR Kroger Co. | Sold out | 0.00% | −0.56 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.50 |
| BAH Booz Allen Hamilton Holdings | Sold out | 0.00% | −0.43 |
| GOOG Alphabet Inc. Class C | Reduce -48.4% | 1.20% | −0.38 |
| TGT Target Corp. | Sold out | 0.00% | −0.38 |
| VOYA Voya Financial Inc. | Sold out | 0.00% | −0.37 |
| VUSB Vanguard Ultra Short Bond Et | Sold out | 0.00% | −0.36 |
| COP Conocophillips | Sold out | 0.00% | −0.34 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.34 |
| C Citigroup Inc. | Sold out | 0.00% | −0.33 |
| FELE Franklin Electric Co. Inc. | Sold out | 0.00% | −0.33 |
| CPNG Coupang Inc. | Sold out | 0.00% | −0.32 |
| FITB Fifth Third Bancorp | Sold out | 0.00% | −0.32 |
| VIOG Vanguard S&P SM Cap 600 GRW | Sold out | 0.00% | −0.30 |
| CNH CNH Industrial NV | Sold out | 0.00% | −0.29 |
| VMI Valmont Industries | Sold out | 0.00% | −0.28 |
| NSC Norfolk Southern Corp. | Reduce -39.2% | 0.55% | −0.28 |
| PNC PNC Financial Services Group | Reduce -34.6% | 0.94% | −0.28 |
| HOLX Hologic Inc. | Reduce -46.0% | 0.55% | −0.26 |
| AEM Agnico Eagle Mines Ltd. | Reduce -22.9% | 1.88% | −0.25 |
| TTD Trade Desk Inc./the Class A | Sold out | 0.00% | −0.24 |
| VVV Valvoline Inc. | Sold out | 0.00% | −0.23 |
| LMT Lockheed Martin Corp. | Reduce -56.7% | 0.21% | −0.23 |
| EA Electronic Arts Inc. | Reduce -30.6% | 0.80% | −0.20 |
| SLB SLB Ltd. | Reduce -32.9% | 0.83% | −0.14 |
| CIEN Ciena Corp. | Reduce -50.6% | 1.28% | −0.14 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -25.6% | 0.87% | −0.13 |
| CGNX Cognex Corp. | Reduce -26.7% | 0.19% | −0.10 |
| APTV Aptiv PLC | Reduce -8.6% | 0.82% | −0.07 |
| SBAC SBA Communications Corp. | Reduce -20.4% | 0.70% | −0.07 |
| LEVI Levi Strauss & Co. Class A | Reduce -13.9% | 0.49% | −0.07 |
| MRVL Marvell Technology Inc. | Reduce -18.8% | 0.48% | −0.03 |
| NBIX Neurocrine Biosciences Inc. | Reduce -15.4% | 0.51% | −0.01 |
| LH Labcorp Holdings Inc. | Reduce -0.3% | 0.96% | −0.01 |
| DGX Quest Diagnostics Inc. | Reduce -1.4% | 0.25% | +0.01 |
| PCTY Paylocity Holding Corp. | Reduce -1.4% | 0.17% | +0.01 |
| LHX L3HARRIS Technologies Inc. | Reduce -5.5% | 0.47% | +0.02 |
| MOH Molina Healthcare Inc. | Reduce -0.2% | 0.82% | +0.02 |
| HAL Halliburton Co. | Reduce -21.0% | 0.92% | +0.03 |
| TFC Truist Financial Corp. | Reduce -12.9% | 0.59% | +0.04 |
| MDT Medtronic PLC | Reduce -3.3% | 0.49% | +0.05 |
| MDB Mongodb Inc. | Reduce -28.9% | 0.63% | +0.05 |
| XOM Exxon Mobil Corp. | Reduce -5.8% | 0.48% | +0.06 |
| MRK Merck & Co. Inc. | Reduce -22.1% | 0.60% | +0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| VTI VG Morningstar TS MKT ETF-US | Add +5.1% | 23.69% | +4.30 |
| ESI Element Solutions Inc. | New | 0.50% | +0.50 |
| SFM Sprouts Farmers Market Inc. | New | 0.45% | +0.45 |
| MNDY Monday.com Ltd. | New | 0.44% | +0.44 |
| FTV Fortive Corp. | Add +89.5% | 0.74% | +0.44 |
| KEX Kirby Corp. | Add +16.1% | 0.97% | +0.41 |
| ACN Accenture PLC Class A | New | 0.40% | +0.40 |
| GMED Globus Medical Inc. Class A | Add +23.5% | 0.71% | +0.38 |
| KEY Keycorp | Add +8.1% | 1.41% | +0.37 |
| CFLT Confluent Inc. Class A | Add +16.7% | 0.69% | +0.35 |
| CAVA Cava Group Inc. | New | 0.35% | +0.35 |
| AQN Algonquin Power & Utilities | New | 0.30% | +0.30 |
| WH Wyndham Hotels & Resorts Inc. | Add +74.5% | 0.59% | +0.28 |
| TEAM Atlassian Corp. Class A | Add +76.2% | 0.49% | +0.25 |
| ADBE Adobe Inc. | New | 0.24% | +0.24 |
| SOLV Solventum Corp. | Add +29.4% | 0.63% | +0.23 |
| MCHP Microchip Technology Inc. | Add +10.8% | 1.10% | +0.22 |
| VRT Vertiv Holdings Co. Class A | Add +23.9% | 0.62% | +0.21 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.21% | +0.21 |
| TDY Teledyne Technologies Inc. | New | 0.21% | +0.21 |
| MBLY Mobileye Global Inc. Class A | New | 0.20% | +0.20 |
| ESTC Elastic NV | New | 0.20% | +0.20 |
| IEX Idex Corp. | New | 0.19% | +0.19 |
| GEHC GE Healthcare Technology | Add +5.7% | 0.77% | +0.18 |
| INSP Inspire Medical Systems Inc. | New | 0.18% | +0.18 |
| CMCSA Comcast Corp. Class A | New | 0.17% | +0.17 |
| VST Vistra Corp. | New | 0.17% | +0.17 |
| DECK Deckers Outdoor Corp. | Add +57.1% | 0.37% | +0.17 |
| ZTS Zoetis Inc. | Add +58.5% | 0.45% | +0.16 |
| WCC Wesco International Inc. | Add +6.4% | 0.55% | +0.16 |
| VOO Vanguard S&P 500 ETF | Add +1.6% | 0.80% | +0.12 |
| CXW Corecivic Inc. | Add +43.0% | 0.35% | +0.12 |
| ARW Arrow Electronics Inc. | Add +66.7% | 0.27% | +0.11 |
| HUBS HubSpot Inc. | Add +35.0% | 0.44% | +0.11 |
| GTLB Gitlab Inc. Class A | Add +31.1% | 0.54% | +0.11 |
| P Everpure Inc. Class A | Add +32.3% | 0.45% | +0.08 |
| NXPI NXP Semiconductors NV | Add +1.9% | 0.54% | +0.05 |
| UNH Unitedhealth Group Inc. | Add +3.9% | 0.36% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 111 | $151.2M | VTI, DIA, SPY, BSV, GOOG |
| Q1 2026 | 100 | $118.1M | VTI, DIA, SPY, AEM, CIEN |
| Q4 2025 | 108 | $122.8M | VTI, DIA, SPY, AEM, ACWX |
| Q3 2025 | 114 | $139.8M | VTI, DIA, SPY, BSV, IGSB |
| Q2 2025 | 113 | $134.2M | VTI, DIA, SPY, BSV, IGSB |
| Q1 2025 | 106 | $123.6M | VTI, DIA, SPY, BSV, IGSB |
| Q4 2024 | 109 | $126.5M | VTI, DIA, SPY, BSV, IGSB |
| Q3 2024 | 106 | $129.4M | VTI, DIA, SPY, BSV, IGSB |
| Q2 2024 | 101 | $117.9M | VTI, SPY, DIA, BSV, IGSB |
| Q1 2024 | 104 | $123.1M | VTI, DIA, SPY, BSV, IGSB |