Winthrop Capital Management, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 8, 2024), Winthrop Capital Management, LLC reported 162 stock positions worth $217.0 million. Its top holding was Vanguard Info Tech ETF (VGT) at 9.9% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 8.9%) and Eli Lilly (LLY, 6.3%). Compared with Q4 2023, it opened 29 new positions, sold out of 141, added to 55 and reduced 24. The biggest buy was a new position in Eli Lilly (LLY) and the biggest sale an exit from Schwab US Large-Cap ETF (SCHX).

Most Recent 13F
Q2 2026
Location
Carmel, IN
CIK
0002010657
Portfolio Value
$217.0M (Q1 2024)
SEC Filing
0001999371-24-005753 ↗ filed May 8, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $217.0M $217.0M Q1 2024 Q2 2024: $199.9M Q2 2024 Q3 2024: $210.0M Q3 2024 Q4 2024: $375.7M Q4 2024 Q1 2025: $363.5M Q1 2025 Q2 2025: $395.6M Q2 2025 Q3 2025: $413.5M Q3 2025 Q4 2025: $429.1M Q4 2025 Q1 2026: $389.5M Q1 2026 Q2 2026: $414.1M Q2 2026

Holdings 162 stocks · $217.0M
VGT Vanguard Info Tech ETF 9.87% 40,861 $21.4M Reduce -0.5%
SPSB SS SPDR P St C Corp. ETF 8.95% 652,429 $19.4M Reduce -2.2%
LLY Eli Lilly & Co. 6.30% 17,582 $13.7M New
RSP Invesco S&P 500 Equal Weight 4.91% 62,958 $10.7M Add +1.6%
VFH Vanguard Financials ETF 4.67% 99,043 $10.1M Add +0.8%
IEFA iShares Core MSCI Eafe ETF 4.67% 136,458 $10.1M Reduce -3.9%
USMV iShares MSCI USA Min Vol Fac 4.52% 117,491 $9.8M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 4.22% 17,525 $9.2M Reduce -8.5%
VCIT Vanguard Int-Term Corporate 3.83% 103,308 $8.3M Add +3.1%
XLV SS Health Care Select Sector 3.74% 54,995 $8.1M Add +0.2%
XLC SS Comm Select Sector SPDR 3.33% 88,429 $7.2M Reduce -0.0%
SPHY SS SPDR P High Yield ETF 2.98% 275,425 $6.5M Add +2.3%
XLP SS Consumer Staples Sel Sect 2.43% 69,078 $5.3M Add +0.2%
XLY SS Consumer Disc Select Sect 2.39% 28,209 $5.2M Add +0.1%
XLI SS Industrial Select Sector 2.34% 40,393 $5.1M Reduce -0.1%
VTV Vanguard Mrngstr Val ETF-Aui 2.17% 28,923 $4.7M Reduce -0.4%
VUG Vanguard Mrngstar GR ETF-Sui 2.10% 13,229 $4.6M Reduce -0.9%
NEE Nextera Energy Inc. 1.86% 63,182 $4.0M Add +13.5%
IEMG iShares Core MSCI Emerging 1.79% 75,213 $3.9M Reduce -0.3%
AAPL Apple Inc. 1.65% 20,926 $3.6M Reduce -2.0%
XLE SS Energy Select Sector 1.53% 35,132 $3.3M Add +1.0%
GOOGL Alphabet Inc. Class A 1.32% 19,007 $2.9M Add +1.0%
JPM JPMorgan Chase & Co. 1.21% 13,066 $2.6M Add +1.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.12% 36,967 $2.4M Add +0.6%
AMZN Amazon.com Inc. 1.07% 12,925 $2.3M Reduce -3.0%
XLB SS Materials Select Sector 0.89% 20,854 $1.9M Add +0.7%
MRK Merck & Co. Inc. 0.79% 13,025 $1.7M Add +1.2%
JNJ Johnson & Johnson 0.68% 9,326 $1.5M Add +0.8%
XOM Exxon Mobil Corp. 0.65% 12,073 $1.4M Add +5.6%
V Visa Inc. Class A 0.63% 4,905 $1.4M Add +0.8%
VTI VG Morningstar TS MKT ETF-US 0.61% 5,069 $1.3M Add +5.4%
ORCL Oracle Corp. 0.58% 10,091 $1.3M Reduce -2.9%
SPLV Invesco S&P 500 Low Volatili 0.57% 18,752 $1.2M Add +9.0%
EMXC iShares MSCI Emr MRK Ex Chna 0.54% 20,352 $1.2M Add +1.4%
EQWL Invesco S&P 100 Equal Weight 0.52% 11,938 $1.1M Reduce -0.2%
COST Costco Wholesale Corp. 0.52% 1,530 $1.1M Add +0.9%
YUM Yum! Brands Inc. 0.51% 8,028 $1.1M No change
GXC State Street SPDR S&P China 0.51% 16,749 $1.1M Reduce -9.1%
XLRE SS Real Estate Select Sector 0.47% 25,725 $1.0M Reduce -1.8%
DUK Duke Energy Corp. 0.39% 8,644 $836K Add +1.1%
SLYG SS SPDR S&P 600 SC GR ETF 0.37% 9,196 $802K Reduce -7.3%
VB Vanguard Most SM-Cap ETF-Usd 0.37% 3,508 $802K No change
COP Conocophillips 0.35% 5,909 $752K Add +0.8%
CMCSA Comcast Corp. Class A 0.34% 17,263 $748K Add +0.8%
MDT Medtronic PLC 0.31% 7,734 $674K Add +1.2%
VCSH Vanguard S/T Corp. Bond ETF 0.28% 7,913 $612K Reduce -30.0%
SLYV SS SPDR S&P 600 SC Val ETF 0.27% 6,983 $579K Reduce -4.0%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.23% 25,484 $497K Reduce -7.3%
GOOG Alphabet Inc. Class C 0.23% 3,232 $492K No change
ABBV Abbvie Inc. 0.22% 2,568 $468K Add +2.2%
SPGI S&P Global Inc. 0.19% 955 $406K Add +1.2%
GLTR Abrdn Precious Metals Basket 0.18% 4,090 $386K No change
AER Aercap Holdings NV 0.16% 3,983 $346K Add +1.1%
TFC Truist Financial Corp. 0.15% 8,436 $329K Reduce -13.0%
YUMC Yum China Holdings Inc. 0.15% 7,926 $315K No change
XLK SS Technology Select Sector 0.14% 1,407 $293K No change
VIS Vanguard Industrials ETF 0.13% 1,153 $282K No change
BDX Becton Dickinson and Co. 0.13% 1,108 $274K Add +0.9%
ADBE Adobe Inc. 0.12% 511 $258K Add +1.0%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 550 $231K Add +22.2%
PYPL PayPal Holdings Inc. 0.11% 3,412 $229K Add +0.7%
ADP Automatic Data Processing 0.10% 873 $218K Add +3.9%
AMAT Applied Materials Inc. 0.09% 951 $196K Add +2.9%
PZA Invesco National Amt-Free Mu 0.08% 7,712 $184K No change
VDC Vanguard Consumer Staple ETF 0.08% 894 $183K No change
EQIX Equinix Inc. 0.07% 196 $162K Add +1.0%
ITM Vaneck Intermediate Muni ETF 0.07% 3,374 $157K No change
META Meta Platforms Inc. Class A 0.07% 307 $149K Add +77.5%
SPYM Ste STR SPDR PT S&P 500 ETF 0.07% 2,368 $146K No change
IAU iShares Gold Trust 0.07% 3,400 $143K No change
VTC Vanguard Total Corporate BND 0.06% 1,799 $138K Reduce -41.4%
PFFD Global X US Preferred ETF 0.06% 6,537 $132K Add +3.5%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 1,007 $98K Add +3.5%
VZ Verizon Communications Inc. 0.04% 2,309 $97K Add +1.8%
VMBS Vanguard Mortgage-Backed Sec 0.04% 2,064 $94K No change
BABA Alibaba Group Holding-SP ADR 0.04% 1,204 $87K Add +9.1%
SPIB SS SPDR P Int C Corp. ETF 0.04% 2,663 $87K No change
ESGU iShares ESG Aware MSCI USA 0.04% 730 $84K No change
T AT&T Inc. 0.04% 4,598 $81K Add +1.6%
XLF SS Financial Select Sector 0.04% 1,835 $77K No change
APD Air Products & Chemicals Inc. 0.03% 287 $69K Add +3.6%
MCHI iShares MSCI China ETF 0.03% 1,578 $63K Reduce -19.2%
MA Mastercard Inc. Class A 0.03% 123 $59K Add +2.5%
AXP American Express Co. 0.02% 230 $52K No change
XLG Invesco S&P 500 Top 50 ETF 0.02% 1,200 $51K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 559 $51K Add +5.5%
AEP American Electric Power 0.02% 520 $45K Add +12.1%
KMI Kinder Morgan Inc. 0.02% 2,261 $41K Add +3.8%
SHM SS SPDR N Ice St Muni ETF 0.02% 867 $41K No change
ARKK ARK Innovation ETF 0.02% 762 $38K No change
CSGP Costar Group Inc. 0.02% 351 $34K No change
NWN Northwest Natural Holding Co. 0.02% 900 $34K No change
GLD SPDR Gold Shares 0.01% 170 $31K No change
PCY Invesco Emerging Markets Sov 0.01% 1,472 $30K No change
RCL Royal Caribbean Cruises Ltd. 0.01% 210 $29K Add +5.0%
IOT Samsara Inc. Class A 0.01% 744 $28K No change
ESGD iShares Trust iShares ESG Aw 0.01% 323 $26K No change
FTNT Fortinet Inc. 0.01% 369 $25K New
ZBH Zimmer Biomet Holdings Inc. 0.01% 180 $24K Add +50.0%
ONEY SS SPDR R1000 Yield Foc ETF 0.01% 224 $23K No change
TSLA Tesla Inc. 0.01% 122 $21K Reduce -4.7%
HYD Vaneck High Yield Muni ETF 0.01% 411 $21K No change
ESGE iShares Inc. iShares ESG Awar 0.01% 624 $20K No change
VRNA Verona Pharma Ltd. 0.01% 1,235 $20K New
XES SS SPDR S&P Og Eqp & Serv 0.01% 200 $19K No change
MMM 3M Co. 0.01% 157 $17K Add +12.1%
NUSC Nuveen ESG Small-Cap ETF 0.01% 382 $16K No change
SMLV SS SPDR US SC Low Vol Idx 0.01% 138 $15K No change
ALL Allstate Corp. 0.01% 68 $12K No change
GEHC GE Healthcare Technology 0.00% 111 $10K No change
BAB Invesco Taxable Municipal Bo 0.00% 360 $10K No change
AMD Advanced Micro Devices 0.00% 52 $9K Add +420.0%
JNK SS SPDR BB High Yield Bond 0.00% 85 $8K No change
CFLT Confluent Inc. Class A 0.00% 175 $5K No change
GFS Globalfoundries Inc. 0.00% 100 $5K No change
QUAL iShares MSCI USA Quality Fac 0.00% 25 $4K New
NCLH Norwegian Cruise Line Holdin 0.00% 200 $4K No change
ALK Alaska Air Group Inc. 0.00% 72 $3K No change
USHY iShares Broad Usd High Yield 0.00% 75 $3K New
SSNC Ss&c Technologies Holdings 0.00% 44 $3K No change
S Sentinelone Inc. Class A 0.00% 125 $3K No change
OWL Blue Owl Capital Inc. 0.00% 84 $2K New
CEG Constellation Energy 0.00% 9 $2K New
CRWD CrowdStrike Holdings Inc. Class A 0.00% 5 $2K No change
DOW Dow Inc. 0.00% 42 $2K Add +2.4%
IDXX Idexx Laboratories Inc. 0.00% 3 $2K New
EAGG iShares ESG Aware US Aggrega 0.00% 32 $2K No change
LULU Lululemon Athletica Inc. 0.00% 4 $2K New
MEDP Medpace Holdings Inc. 0.00% 4 $2K New
PR Permian Resources Corp. Class A 0.00% 95 $2K New
RIVN Rivian Automotive Inc. Class A 0.00% 146 $2K Add +46.0%
SMCI Super Micro Computer Inc. 0.00% 2 $2K New
ULTA Ulta Beauty Inc. 0.00% 3 $2K New
VGIT Vanguard Intermediate-Term T 0.00% 39 $2K New
AFRM Affirm Holdings Inc. 0.00% 30 $1K New
ABNB Airbnb Inc. Class A 0.00% 9 $1K Reduce -80.4%
ALNY Alnylam Pharmaceuticals Inc. 0.00% 6 $1K No change
MO Altria Group Inc. 0.00% 30 $1K New
COR Cencora Inc. 0.00% 3 $1K New
CELH Celsius Holdings Inc. 0.00% 17 $1K New
NET Cloudflare Inc. Class A 0.00% 13 $1K Add +62.5%
DDOG Datadog Inc. Class A 0.00% 6 $1K No change
DVN Devon Energy Corp. 0.00% 24 $1K Add +84.6%
FANG Diamondback Energy Inc. 0.00% 7 $1K No change
DASH DoorDash Inc. Class A 0.00% 8 $1K No change
EOG EOG Resources Inc. 0.00% 10 $1K New
FENI Fidelity Enhanced Intl ETF 0.00% 26 $1K New
HSY The Hershey Co. 0.00% 7 $1K New
IR Ingersoll-Rand Inc. 0.00% 13 $1K New
SPHQ Invesco S&P 500 Quality ETF 0.00% 10 $1K New
EFAV iShares MSCI Eafe Min Vol Fa 0.00% 21 $1K New
SUSB iShares ESG Aware 1-5 Year U 0.00% 41 $1K No change
IVLU iShares MSCI International V 0.00% 43 $1K New
LPLA LPL Financial Holdings Inc. 0.00% 4 $1K New
MDB Mongodb Inc. 0.00% 2 $1K No change
PSA Public Storage 0.00% 5 $1K New
QS Quantumscape Corp. 0.00% 200 $1K No change
RYAN Ryan Specialty Holdings Inc. 0.00% 19 $1K New
TPL Texas Pacific Land Corp. 0.00% 2 $1K New
ZS Zscaler Inc. 0.00% 4 $1K No change
ACN Accenture PLC Class A 0.00% 4 $1K No change
SPCE Virgin Galactic Holdings Inc. 0.00% 152 $0 No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $8K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 200$8KNo change

Total filed on the 13F, all lines: $217.0M.

Portfolio Sells Q4 2023 → Q1 2024
SCHX Schwab US Large-Cap ETF Sold out 0.00% −4.39
SCHD Schwab US DVD Equity ETF Sold out 0.00% −3.80
LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −3.52
SCHF Schwab Intl Equity ETF Sold out 0.00% −2.19
IVV iShares Core S&P 500 ETF Sold out 0.00% −1.79
SCHG Schwab US Large-Cap Growth Sold out 0.00% −1.60
MSFT Microsoft Corp. Sold out 0.00% −1.53
PEP Pepsico Inc. Sold out 0.00% −1.24
PFF iShares Preferred & Income S Sold out 0.00% −1.21
SCHA Schwab US Small-Cap ETF Sold out 0.00% −0.97
NVDA Nvidia Corp. Sold out 0.00% −0.88
IBB iShares Biotechnology ETF Sold out 0.00% −0.85
AGG iShares Core U.S. Aggregate Sold out 0.00% −0.62
SCHM Schwab US Mid Cap ETF Sold out 0.00% −0.61
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.56
IGSB iShares 1-5Y Inv Grade Corp. Sold out 0.00% −0.54
IJR iShares Core S&P Small-Cap E Sold out 0.00% −0.53
ITA iShares U.S. Aerospace & Def Sold out 0.00% −0.52
IJH iShares Core S&P Midcap ETF Sold out 0.00% −0.49
SCHE Schwab Emrg Mrkts Eqty ETF Sold out 0.00% −0.42
KBE SS SPDR S&P Bank ETF Sold out 0.00% −0.41
VBK Van Morst SML-Cap Gro-Usd Inc. Sold out 0.00% −0.37
HON Honeywell International Inc. Sold out 0.00% −0.35
USB US Bancorp Sold out 0.00% −0.34
VBR Vngrd Mrngst SL-CP Val ETF-U Sold out 0.00% −0.34
IBM Intl Business Machines Corp. Sold out 0.00% −0.34
IVW iShares S&P 500 Growth ETF Sold out 0.00% −0.34
WFC Wells Fargo & Co. Sold out 0.00% −0.33
SCHH Schwab US REIT ETF Sold out 0.00% −0.33
LOW Lowe's Cos Inc. Sold out 0.00% −0.33
DIS The Walt Disney Co. Sold out 0.00% −0.33
CMI Cummins Inc. Sold out 0.00% −0.32
QCOM Qualcomm Inc. Sold out 0.00% −0.31
PG The Procter & Gamble Co. Sold out 0.00% −0.31
HD Home Depot Inc. Sold out 0.00% −0.31
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.30
CVX Chevron Corp. Sold out 0.00% −0.28
WMT Walmart Inc. Sold out 0.00% −0.27
NKE Nike Inc. Class B Sold out 0.00% −0.25
MCD McDonald's Corp. Sold out 0.00% −0.24
SCHB Schwab US Broad Market ETF Sold out 0.00% −0.22
CAT Caterpillar Inc. Sold out 0.00% −0.19
C Citigroup Inc. Sold out 0.00% −0.19
PFE Pfizer Inc. Sold out 0.00% −0.18
TXN Texas Instruments Inc. Sold out 0.00% −0.17
VO Vngrd Mrngstr MD-Cap ETF-Usd Sold out 0.00% −0.17
IWM iShares Russell 2000 ETF Sold out 0.00% −0.15
EEM iShares MSCI Emerging Market Sold out 0.00% −0.13
BLK BlackRock Finance Inc. Sold out 0.00% −0.13
PNC PNC Financial Services Group Sold out 0.00% −0.12

Portfolio Buys Q4 2023 → Q1 2024
LLY Eli Lilly & Co. New 6.30% +6.30
RSP Invesco S&P 500 Equal Weight Add +1.6% 4.91% +1.72
VFH Vanguard Financials ETF Add +0.8% 4.67% +1.71
USMV iShares MSCI USA Min Vol Fac Add +0.1% 4.52% +1.53
XLV SS Health Care Select Sector Add +0.2% 3.74% +1.30
VCIT Vanguard Int-Term Corporate Add +3.1% 3.83% +1.17
SPHY SS SPDR P High Yield ETF Add +2.3% 2.98% +0.92
XLP SS Consumer Staples Sel Sect Add +0.2% 2.43% +0.81
NEE Nextera Energy Inc. Add +13.5% 1.86% +0.76
XLY SS Consumer Disc Select Sect Add +0.1% 2.39% +0.74
XLE SS Energy Select Sector Add +1.0% 1.53% +0.58
JPM JPMorgan Chase & Co. Add +1.1% 1.21% +0.49
GOOGL Alphabet Inc. Class A Add +1.0% 1.32% +0.46
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.6% 1.12% +0.36
MRK Merck & Co. Inc. Add +1.2% 0.79% +0.33
XLB SS Materials Select Sector Add +0.7% 0.89% +0.31
XOM Exxon Mobil Corp. Add +5.6% 0.65% +0.27
VTI VG Morningstar TS MKT ETF-US Add +5.4% 0.61% +0.23
V Visa Inc. Class A Add +0.8% 0.63% +0.22
SPLV Invesco S&P 500 Low Volatili Add +9.0% 0.57% +0.22
JNJ Johnson & Johnson Add +0.8% 0.68% +0.21
COST Costco Wholesale Corp. Add +0.9% 0.52% +0.19
EMXC iShares MSCI Emr MRK Ex Chna Add +1.4% 0.54% +0.18
COP Conocophillips Add +0.8% 0.35% +0.12
DUK Duke Energy Corp. Add +1.1% 0.39% +0.11
MDT Medtronic PLC Add +1.2% 0.31% +0.11
CMCSA Comcast Corp. Class A Add +0.8% 0.34% +0.10
ABBV Abbvie Inc. Add +2.2% 0.22% +0.09
AER Aercap Holdings NV Add +1.1% 0.16% +0.06
BRK.B Berkshire Hathaway Inc. Class B Add +22.2% 0.11% +0.05
SPGI S&P Global Inc. Add +1.2% 0.19% +0.05
META Meta Platforms Inc. Class A Add +77.5% 0.07% +0.05
AMAT Applied Materials Inc. Add +2.9% 0.09% +0.04
BDX Becton Dickinson and Co. Add +0.9% 0.13% +0.04
PYPL PayPal Holdings Inc. Add +0.7% 0.11% +0.04
ADP Automatic Data Processing Add +3.9% 0.10% +0.04
EQIX Equinix Inc. Add +1.0% 0.07% +0.02
PFFD Global X US Preferred ETF Add +3.5% 0.06% +0.02
ADBE Adobe Inc. Add +1.0% 0.12% +0.02
VZ Verizon Communications Inc. Add +1.8% 0.04% +0.02
BMO Bank of Montreal Add +3.5% 0.05% +0.01
T AT&T Inc. Add +1.6% 0.04% +0.01
BABA Alibaba Group Holding-SP ADR Add +9.1% 0.04% +0.01
FTNT Fortinet Inc. New 0.01% +0.01
MA Mastercard Inc. Class A Add +2.5% 0.03% +0.01
VRNA Verona Pharma Ltd. New 0.01% +0.01
AEP American Electric Power Add +12.1% 0.02% +0.01
BIL SS SPDR BB 1-3M T-Bill ETF Add +5.5% 0.02% +0.01
APD Air Products & Chemicals Inc. Add +3.6% 0.03% +0.01
KMI Kinder Morgan Inc. Add +3.8% 0.02% +0.01

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 351$414.1MVGT, LLY, SPSB, SCHX, VFH
Q1 2026 356$389.5MVGT, SPSB, SCHX, LLY, SCHD
Q4 2025 363$429.1MVGT, SPSB, LLY, SCHX, VFH
Q3 2025 338$413.5MVGT, SPSB, SCHX, VFH, IEFA
Q2 2025 350$395.6MVGT, SPSB, SCHX, LLY, VFH
Q1 2025 331$363.5MVGT, SPSB, LLY, SCHX, SCHD
Q4 2024 337$375.7MVGT, SPSB, SCHX, LLY, SCHD
Q3 2024 157$210.0MVGT, SPSB, RSP, USMV, VFH
Q2 2024 158$199.9MVGT, SPSB, RSP, VFH, IEFA
Q1 2024 162$217.0MVGT, SPSB, LLY, RSP, VFH