Winter & Associates, Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 9, 2026), Winter & Associates, Inc. reported 85 stock positions worth $133.1 million. Its top holding was Victoryshares Short-Term Bon (USTB) at 13.5% of the portfolio, followed by Pacer US Cash Cows 100 ETF (COWZ, 6.1%) and Dimensional International Va (DFIV, 5.8%). Compared with Q1 2026, it opened 15 new positions, sold out of 14, added to 26 and reduced 29. The biggest buy was Victoryshares Short-Term Bon (USTB, shares +79%) and the biggest sale Schwab Fndmntl US SM Co. ETF (FNDA, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- ST. PAUL, MN
- CIK
- 0002109063
- Portfolio Value
- $133.1M (Q2 2026)
- SEC Filing
- 0002109063-26-000003 ↗ filed Jul 9, 2026
Holdings Value
Holdings 85 stocks · $133.1M
| USTB Victoryshares Short-Term Bon | 13.53% | 355,616 | $18.0M | Add +79.2% |
| COWZ Pacer US Cash Cows 100 ETF | 6.11% | 130,809 | $8.1M | Add +25.7% |
| DFIV Dimensional International Va | 5.82% | 143,360 | $7.7M | Add +64.6% |
| SPHB Invesco S&P 500 High Beta Et | 5.76% | 49,302 | $7.7M | Add +70.9% |
| VB Vanguard Most SM-Cap ETF-Usd | 4.90% | 21,535 | $6.5M | Add +70.5% |
| IWL iShares Russell Top 200 ETF | 4.80% | 34,510 | $6.4M | Add +71.9% |
| JPIB JPMorgan Intl BND ETF | 4.54% | 125,022 | $6.0M | Add +77.7% |
| AAPL Apple Inc. | 4.13% | 18,980 | $5.5M | Reduce -0.8% |
| QQQ Invesco QQQ Trust Series 1 | 3.59% | 6,496 | $4.8M | Add +9.3% |
| VXUS Vanguard Total Intl Stock | 3.12% | 48,610 | $4.2M | Reduce -39.0% |
| REZ Ishars Res and Multi Reales | 2.83% | 39,799 | $3.8M | Add +80.6% |
| MDY State Street SPDR S&P Midcap | 2.76% | 5,228 | $3.7M | Reduce -42.2% |
| NVDA Nvidia Corp. | 2.65% | 17,603 | $3.5M | Reduce -5.7% |
| VWO Vanguard Ftse Emerging Marke | 2.60% | 57,882 | $3.5M | Add +59.7% |
| STIP iShares 0-5 Year Tips Bond E | 2.37% | 30,902 | $3.2M | Add +78.8% |
| FNDA Schwab Fndmntl US SM Co. ETF | 2.34% | 81,709 | $3.1M | Reduce -49.4% |
| DGRW Wisdomtree U.S. Quality Divi | 1.70% | 23,648 | $2.3M | Reduce -48.1% |
| IGIB iShares 5-10Y Inv Grade Corp. | 1.69% | 42,325 | $2.3M | Add +48.2% |
| VTI VG Morningstar TS MKT ETF-US | 1.59% | 5,723 | $2.1M | Reduce -2.8% |
| USCI United States Commodity Inde | 1.42% | 20,377 | $1.9M | Add +62.4% |
| TSLA Tesla Inc. | 1.34% | 4,225 | $1.8M | No change |
| MMM 3M Co. | 0.97% | 7,952 | $1.3M | No change |
| AMZN Amazon.com Inc. | 0.82% | 4,603 | $1.1M | Add +0.6% |
| ITOT iShares Core S&P Total U.S. | 0.78% | 6,311 | $1.0M | Reduce -18.7% |
| ESGV Vanguard ESG US Stock ETF | 0.75% | 7,532 | $996K | Add +213.4% |
| EEM iShares MSCI Emerging Market | 0.71% | 13,788 | $943K | Reduce -50.6% |
| GOOGL Alphabet Inc. Class A | 0.56% | 2,069 | $739K | No change |
| VCSH Vanguard S/T Corp. Bond ETF | 0.55% | 9,209 | $728K | Reduce -66.5% |
| LRCX Lam Research Corp. | 0.49% | 1,516 | $657K | Reduce -3.2% |
| VGSH Vanguard Short-Term Treasury | 0.49% | 11,131 | $648K | Reduce -24.6% |
| MSFT Microsoft Corp. | 0.49% | 1,734 | $647K | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.48% | 2,257 | $635K | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.47% | 1,761 | $622K | Add +0.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.45% | 1,198 | $599K | Add +3.8% |
| SPHD Invesco S&P 500 High Dividen | 0.42% | 11,042 | $561K | Reduce -65.1% |
| ISRG Intuitive Surgical Inc. | 0.40% | 1,354 | $538K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.40% | 1,113 | $532K | Add +1.0% |
| PSCC Invesco S&P Smallcap Consume | 0.37% | 13,779 | $486K | Reduce -28.3% |
| STRL Sterling Infrastructure Inc. | 0.36% | 575 | $483K | No change |
| MU Micron Technology Inc. | 0.35% | 401 | $463K | New |
| ESML iShares ESG Aware MSCI USA S | 0.33% | 7,940 | $444K | Add +25.7% |
| META Meta Platforms Inc. Class A | 0.33% | 769 | $433K | No change |
| LLY Eli Lilly & Co. | 0.32% | 360 | $431K | Reduce -0.6% |
| UNH Unitedhealth Group Inc. | 0.32% | 1,037 | $431K | Add +0.1% |
| WMT Walmart Inc. | 0.32% | 3,718 | $421K | Add +0.0% |
| GLW Corning Inc. | 0.31% | 1,619 | $414K | Add +4.0% |
| JPM JPMorgan Chase & Co. | 0.31% | 1,245 | $408K | No change |
| IEMG iShares Core MSCI Emerging | 0.31% | 4,901 | $406K | Reduce -49.7% |
| SCHD Schwab US DVD Equity ETF | 0.30% | 12,648 | $401K | Reduce -5.0% |
| VOO Vanguard S&P 500 ETF | 0.29% | 570 | $391K | Reduce -34.6% |
| IDEV iShares Core MSCI Dev MKTS | 0.29% | 4,384 | $390K | Reduce -27.7% |
| ALAB Astera Labs Inc. | 0.29% | 800 | $386K | New |
| MNST Monster Beverage Corp. | 0.28% | 3,880 | $373K | Add +5.7% |
| ESGE iShares Inc. iShares ESG Awar | 0.27% | 6,524 | $357K | New |
| AMD Advanced Micro Devices | 0.27% | 613 | $356K | New |
| DFSI Dimensional Int Sus COR1 ETF | 0.27% | 7,860 | $354K | New |
| CVX Chevron Corp. | 0.26% | 2,093 | $347K | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 454 | $339K | No change |
| XLRE SS Real Estate Select Sector | 0.25% | 7,559 | $333K | Reduce -63.0% |
| BND Vanguard Total Bond Market | 0.25% | 4,524 | $332K | Reduce -88.5% |
| MOAT Vaneck Morningstar Wide Moat | 0.24% | 3,100 | $322K | Reduce -17.3% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.23% | 6,124 | $306K | New |
| PLTR Palantir Technologies Inc. Class A | 0.23% | 2,588 | $302K | No change |
| INTC Intel Corp. | 0.22% | 2,137 | $298K | New |
| V Visa Inc. Class A | 0.22% | 870 | $298K | No change |
| SHE SS SPDR MSCI U Gend Div ETF | 0.22% | 1,884 | $291K | Reduce -40.5% |
| XLI SS Industrial Select Sector | 0.21% | 1,537 | $285K | Add +15.0% |
| VNQ Vanguard Real Estate ETF | 0.21% | 2,910 | $281K | Reduce -66.8% |
| GEV GE Vernova Inc. | 0.21% | 236 | $277K | New |
| VGIT Vanguard Intermediate-Term T | 0.21% | 4,686 | $276K | Reduce -33.6% |
| HD Home Depot Inc. | 0.18% | 674 | $238K | No change |
| PGR Progressive Corp. | 0.18% | 1,077 | $235K | No change |
| MINN Mairs & Power MN Muni Bond | 0.17% | 10,329 | $231K | Reduce -31.0% |
| INOD Innodata Inc. | 0.17% | 2,975 | $225K | New |
| VTWG Vanguard Russell 2000 Growth | 0.16% | 756 | $217K | New |
| DFAT Dimensional US Target Value | 0.16% | 3,109 | $217K | Reduce -21.8% |
| JBL Jabil Inc. | 0.16% | 562 | $217K | New |
| GE General Electric filed as GE AEROSPACE | 0.16% | 563 | $210K | New |
| TTC Toro Co. | 0.16% | 2,150 | $209K | New |
| MCK McKesson Corp. | 0.16% | 276 | $209K | No change |
| CW Curtiss-Wright Corp. | 0.16% | 275 | $208K | New |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.15% | 101 | $201K | New |
| SABA Saba Capital Income & Opp II | 0.07% | 11,908 | $99K | Reduce -70.0% |
| DHY UBS Asset Management High Yi filed as CREDIT SUISSE HIGH YIELD CRE | 0.04% | 26,258 | $47K | No change |
| NMG Nouveau Monde Graphite Inc. | 0.01% | 12,791 | $19K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -49.4% | 2.34% | −2.32 |
| VXUS Vanguard Total Intl Stock | Reduce -39.0% | 3.12% | −2.32 |
| BND Vanguard Total Bond Market | Reduce -88.5% | 0.25% | −2.29 |
| MDY State Street SPDR S&P Midcap | Reduce -42.2% | 2.76% | −2.19 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -48.1% | 1.70% | −1.83 |
| BNDX Vanguard Total Intl Bond ETF | Sold out | 0.00% | −1.46 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -66.5% | 0.55% | −1.35 |
| SPHD Invesco S&P 500 High Dividen | Reduce -65.1% | 0.42% | −0.96 |
| EEM iShares MSCI Emerging Market | Reduce -50.6% | 0.71% | −0.69 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.66 |
| XLRE SS Real Estate Select Sector | Reduce -63.0% | 0.25% | −0.50 |
| LTPZ PIMCO 15+ YR US Tips Indx | Sold out | 0.00% | −0.49 |
| VNQ Vanguard Real Estate ETF | Reduce -66.8% | 0.21% | −0.48 |
| IGLB iShares 10+ Year Inv GR Corp. | Sold out | 0.00% | −0.44 |
| TIP iShares Tips Bond ETF | Sold out | 0.00% | −0.42 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.37 |
| IEMG iShares Core MSCI Emerging | Reduce -49.7% | 0.31% | −0.29 |
| HON Honeywell International Inc. | Sold out | 0.00% | −0.29 |
| VGSH Vanguard Short-Term Treasury | Reduce -24.6% | 0.49% | −0.27 |
| NVDA Nvidia Corp. | Reduce -5.7% | 2.65% | −0.26 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Sold out | 0.00% | −0.23 |
| SABA Saba Capital Income & Opp II | Reduce -70.0% | 0.07% | −0.22 |
| AAPL Apple Inc. | Reduce -0.8% | 4.13% | −0.21 |
| ILTB iShares Core 10+ Year Usd Bo | Sold out | 0.00% | −0.21 |
| DON Wisdomtree US Midcap Dividen | Sold out | 0.00% | −0.20 |
| ITOT iShares Core S&P Total U.S. | Reduce -18.7% | 0.78% | −0.20 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Sold out | 0.00% | −0.20 |
| HCA HCA Healthcare Inc. | Sold out | 0.00% | −0.20 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.18 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.18 |
| VOO Vanguard S&P 500 ETF | Reduce -34.6% | 0.29% | −0.17 |
| PSCC Invesco S&P Smallcap Consume | Reduce -28.3% | 0.37% | −0.17 |
| VGIT Vanguard Intermediate-Term T | Reduce -33.6% | 0.21% | −0.16 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -27.7% | 0.29% | −0.16 |
| SHE SS SPDR MSCI U Gend Div ETF | Reduce -40.5% | 0.22% | −0.14 |
| MINN Mairs & Power MN Muni Bond | Reduce -31.0% | 0.17% | −0.12 |
| CVX Chevron Corp. | Reduce -0.1% | 0.26% | −0.10 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.8% | 1.59% | −0.09 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -17.3% | 0.24% | −0.08 |
| DFAT Dimensional US Target Value | Reduce -21.8% | 0.16% | −0.06 |
| SCHD Schwab US DVD Equity ETF | Reduce -5.0% | 0.30% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -0.6% | 0.32% | +0.03 |
| LRCX Lam Research Corp. | Reduce -3.2% | 0.49% | +0.19 |
Portfolio Buys Q1 2026 → Q2 2026
| USTB Victoryshares Short-Term Bon | Add +79.2% | 13.53% | +4.73 |
| SPHB Invesco S&P 500 High Beta Et | Add +70.9% | 5.76% | +2.79 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +70.5% | 4.90% | +1.97 |
| IWL iShares Russell Top 200 ETF | Add +71.9% | 4.80% | +1.94 |
| DFIV Dimensional International Va | Add +64.6% | 5.82% | +1.74 |
| JPIB JPMorgan Intl BND ETF | Add +77.7% | 4.54% | +1.60 |
| REZ Ishars Res and Multi Reales | Add +80.6% | 2.83% | +1.20 |
| VWO Vanguard Ftse Emerging Marke | Add +59.7% | 2.60% | +0.88 |
| STIP iShares 0-5 Year Tips Bond E | Add +78.8% | 2.37% | +0.81 |
| QQQ Invesco QQQ Trust Series 1 | Add +9.3% | 3.59% | +0.53 |
| ESGV Vanguard ESG US Stock ETF | Add +213.4% | 0.75% | +0.51 |
| COWZ Pacer US Cash Cows 100 ETF | Add +25.7% | 6.11% | +0.41 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +48.2% | 1.69% | +0.36 |
| USCI United States Commodity Inde | Add +62.4% | 1.42% | +0.36 |
| MU Micron Technology Inc. | New | 0.35% | +0.35 |
| ALAB Astera Labs Inc. | New | 0.29% | +0.29 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.27% | +0.27 |
| AMD Advanced Micro Devices | New | 0.27% | +0.27 |
| DFSI Dimensional Int Sus COR1 ETF | New | 0.27% | +0.27 |
| NULV Nuveen ESG Large-Cap Val ETF | New | 0.23% | +0.23 |
| INTC Intel Corp. | New | 0.22% | +0.22 |
| GEV GE Vernova Inc. | New | 0.21% | +0.21 |
| INOD Innodata Inc. | New | 0.17% | +0.17 |
| VTWG Vanguard Russell 2000 Growth | New | 0.16% | +0.16 |
| JBL Jabil Inc. | New | 0.16% | +0.16 |
| GE General Electric | New | 0.16% | +0.16 |
| TTC Toro Co. | New | 0.16% | +0.16 |
| CW Curtiss-Wright Corp. | New | 0.16% | +0.16 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.15% | +0.15 |
| GLW Corning Inc. | Add +4.0% | 0.31% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.0% | 0.40% | +0.07 |
| ESML iShares ESG Aware MSCI USA S | Add +25.7% | 0.33% | +0.07 |
| UNH Unitedhealth Group Inc. | Add +0.1% | 0.32% | +0.07 |
| MNST Monster Beverage Corp. | Add +5.7% | 0.28% | +0.04 |
| XLI SS Industrial Select Sector | Add +15.0% | 0.21% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +0.7% | 0.47% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.48% | −0.01 |
| AMZN Amazon.com Inc. | Add +0.6% | 0.82% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.8% | 0.45% | −0.03 |
| MSFT Microsoft Corp. | Add +2.4% | 0.49% | −0.07 |
| WMT Walmart Inc. | Add +0.0% | 0.32% | −0.10 |