Winthrop Capital Management, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 9, 2024), Winthrop Capital Management, LLC reported 158 stock positions worth $199.9 million. Its top holding was Vanguard Info Tech ETF (VGT) at 12.0% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 9.7%) and Invesco S&P 500 Equal Weight (RSP, 5.3%). Compared with Q1 2024, it opened 13 new positions, sold out of 18, added to 43 and reduced 33. The biggest buy was a new position in Nvidia (NVDA) and the biggest sale an exit from Eli Lilly (LLY).

Most Recent 13F
Q2 2026
Location
Carmel, IN
CIK
0002010657
Portfolio Value
$199.9M (Q2 2024)
SEC Filing
0001999371-24-009788 ↗ filed Aug 9, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $217.0M Q1 2024 Q2 2024: $199.9M $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 158 stocks · $199.9M
VGT Vanguard Info Tech ETF 12.03% 41,713 $24.1M Add +2.1%
SPSB SS SPDR P St C Corp. ETF 9.74% 655,716 $19.5M Add +0.5%
RSP Invesco S&P 500 Equal Weight 5.32% 64,687 $10.6M Add +2.8%
VFH Vanguard Financials ETF 5.00% 100,032 $10.0M Add +1.0%
IEFA iShares Core MSCI Eafe ETF 5.00% 137,498 $10.0M Add +0.8%
USMV iShares MSCI USA Min Vol Fac 4.96% 118,057 $9.9M Add +0.5%
SPY SS SPDR S&P 500 ETF Trust-US 4.67% 17,134 $9.3M Reduce -2.2%
VCIT Vanguard Int-Term Corporate 4.24% 106,147 $8.5M Add +2.8%
XLC SS Comm Select Sector SPDR 4.05% 94,404 $8.1M Add +6.8%
XLV SS Health Care Select Sector 3.85% 52,743 $7.7M Reduce -4.1%
SPHY SS SPDR P High Yield ETF 3.23% 278,036 $6.5M Add +0.9%
XLY SS Consumer Disc Select Sect 2.63% 28,814 $5.3M Add +2.1%
NVDA Nvidia Corp. 2.45% 39,607 $4.9M New
XLI SS Industrial Select Sector 2.42% 39,619 $4.8M Reduce -1.9%
XLP SS Consumer Staples Sel Sect 2.32% 60,631 $4.6M Reduce -12.2%
NEE Nextera Energy Inc. 2.24% 63,336 $4.5M Add +0.2%
AAPL Apple Inc. 2.22% 21,065 $4.4M Add +0.7%
IEMG iShares Core MSCI Emerging 1.96% 73,183 $3.9M Reduce -2.7%
XLE SS Energy Select Sector 1.79% 39,326 $3.6M Add +11.9%
GOOGL Alphabet Inc. Class A 1.71% 18,767 $3.4M Reduce -1.3%
AMZN Amazon.com Inc. 1.26% 13,033 $2.5M Add +0.8%
JPM JPMorgan Chase & Co. 1.26% 12,441 $2.5M Reduce -4.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.18% 34,587 $2.4M Reduce -6.4%
MRK Merck & Co. Inc. 0.82% 13,243 $1.6M Add +1.7%
ORCL Oracle Corp. 0.72% 10,191 $1.4M Add +1.0%
XLB SS Materials Select Sector 0.71% 16,088 $1.4M Reduce -22.9%
XOM Exxon Mobil Corp. 0.70% 12,126 $1.4M Add +0.4%
JNJ Johnson & Johnson 0.68% 9,331 $1.4M Add +0.1%
COST Costco Wholesale Corp. 0.65% 1,540 $1.3M Add +0.7%
V Visa Inc. Class A 0.65% 4,941 $1.3M Add +0.7%
SPLV Invesco S&P 500 Low Volatili 0.59% 18,228 $1.2M Reduce -2.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.58% 19,481 $1.2M Reduce -4.3%
EQWL Invesco S&P 100 Equal Weight 0.56% 11,943 $1.1M Add +0.0%
WFC Wells Fargo & Co. 0.52% 17,496 $1.0M New
XLRE SS Real Estate Select Sector 0.51% 26,731 $1.0M Add +3.9%
DUK Duke Energy Corp. 0.44% 8,792 $881K Add +1.7%
SLYG SS SPDR S&P 600 SC GR ETF 0.41% 9,575 $822K Add +4.1%
GXC State Street SPDR S&P China 0.35% 10,151 $695K Reduce -39.4%
COP Conocophillips 0.34% 5,978 $684K Add +1.2%
CMCSA Comcast Corp. Class A 0.32% 16,376 $641K Reduce -5.1%
VCSH Vanguard S/T Corp. Bond ETF 0.30% 7,824 $605K Reduce -1.1%
SLYV SS SPDR S&P 600 SC Val ETF 0.29% 7,307 $572K Add +4.6%
MDT Medtronic PLC 0.25% 6,295 $495K Reduce -18.6%
NKE Nike Inc. Class B 0.24% 6,321 $476K New
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.23% 22,654 $461K Reduce -11.1%
ABBV Abbvie Inc. 0.23% 2,627 $451K Add +2.3%
SPGI S&P Global Inc. 0.22% 967 $431K Add +1.3%
GLTR Abrdn Precious Metals Basket 0.21% 4,090 $421K No change
GOOG Alphabet Inc. Class C 0.20% 2,232 $409K Reduce -30.9%
XLK SS Technology Select Sector 0.17% 1,506 $341K Add +7.0%
AMGN Amgen Inc. 0.16% 1,000 $312K New
ADBE Adobe Inc. 0.13% 458 $254K Reduce -10.4%
YUMC Yum China Holdings Inc. 0.12% 7,926 $244K No change
BDX Becton Dickinson and Co. 0.12% 1,027 $240K Reduce -7.3%
AMAT Applied Materials Inc. 0.12% 986 $233K Add +3.7%
BRK.B Berkshire Hathaway Inc. Class B 0.11% 562 $229K Add +2.2%
VIS Vanguard Industrials ETF 0.11% 962 $226K Reduce -16.6%
ADP Automatic Data Processing 0.11% 924 $221K Add +5.8%
ABT Abbott Laboratories 0.10% 1,965 $204K New
META Meta Platforms Inc. Class A 0.10% 405 $204K Add +31.9%
PYPL PayPal Holdings Inc. 0.09% 3,126 $181K Reduce -8.4%
VDC Vanguard Consumer Staple ETF 0.09% 838 $170K Reduce -6.3%
EQIX Equinix Inc. 0.08% 201 $152K Add +2.5%
SPYM Ste STR SPDR PT S&P 500 ETF 0.07% 2,172 $139K Reduce -8.3%
VTC Vanguard Total Corporate BND 0.07% 1,768 $134K Reduce -1.7%
PFFD Global X US Preferred ETF 0.06% 6,107 $120K Reduce -6.6%
XLF SS Financial Select Sector 0.05% 2,405 $99K Add +31.1%
VZ Verizon Communications Inc. 0.05% 2,314 $95K Add +0.2%
VMBS Vanguard Mortgage-Backed Sec 0.05% 2,064 $94K No change
T AT&T Inc. 0.04% 4,673 $89K Add +1.6%
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.04% 1,058 $89K Add +5.1%
BABA Alibaba Group Holding-SP ADR 0.04% 1,203 $87K Reduce -0.1%
ESGU iShares ESG Aware MSCI USA 0.04% 730 $87K No change
SPIB SS SPDR P Int C Corp. ETF 0.04% 2,663 $87K No change
APD Air Products & Chemicals Inc. 0.04% 302 $78K Add +5.2%
ITM Vaneck Intermediate Muni ETF 0.04% 1,663 $76K Reduce -50.7%
XLG Invesco S&P 500 Top 50 ETF 0.03% 1,200 $55K No change
MA Mastercard Inc. Class A 0.03% 123 $54K No change
AXP American Express Co. 0.03% 230 $53K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.03% 559 $51K No change
KMI Kinder Morgan Inc. 0.02% 2,397 $48K Add +6.0%
AEP American Electric Power 0.02% 520 $46K No change
ECL Ecolab Inc. 0.02% 168 $40K New
TFC Truist Financial Corp. 0.02% 1,019 $40K Reduce -87.9%
PZA Invesco National Amt-Free Mu 0.02% 1,626 $39K Reduce -78.9%
GLD SPDR Gold Shares 0.02% 170 $37K No change
ALL Allstate Corp. 0.02% 926 $34K Add +1261.8%
ARKK ARK Innovation ETF 0.02% 762 $33K No change
NWN Northwest Natural Holding Co. 0.02% 900 $33K No change
RCL Royal Caribbean Cruises Ltd. 0.02% 210 $33K No change
GLW Corning Inc. 0.01% 768 $30K New
CSGP Costar Group Inc. 0.01% 351 $26K No change
ESGD iShares Trust iShares ESG Aw 0.01% 323 $25K No change
TSLA Tesla Inc. 0.01% 122 $24K No change
ONEY SS SPDR R1000 Yield Foc ETF 0.01% 224 $23K No change
FTNT Fortinet Inc. 0.01% 369 $22K No change
ESGE iShares Inc. iShares ESG Awar 0.01% 624 $21K No change
ZBH Zimmer Biomet Holdings Inc. 0.01% 180 $20K No change
XES SS SPDR S&P Og Eqp & Serv 0.01% 200 $18K No change
VRNA Verona Pharma Ltd. 0.01% 1,235 $18K No change
SHM SS SPDR N Ice St Muni ETF 0.01% 336 $16K Reduce -61.3%
MMM 3M Co. 0.01% 157 $16K No change
NUSC Nuveen ESG Small-Cap ETF 0.01% 382 $15K No change
SMLV SS SPDR US SC Low Vol Idx 0.01% 138 $15K No change
GEV GE Vernova Inc. 0.01% 81 $14K New
BAB Invesco Taxable Municipal Bo 0.01% 360 $10K No change
NEM Newmont Corp. 0.01% 250 $10K New
GEHC GE Healthcare Technology 0.00% 111 $9K No change
AMD Advanced Micro Devices 0.00% 52 $8K No change
PCY Invesco Emerging Markets Sov 0.00% 292 $6K Reduce -80.2%
HYD Vaneck High Yield Muni ETF 0.00% 124 $6K Reduce -69.8%
CFLT Confluent Inc. Class A 0.00% 175 $5K No change
GFS Globalfoundries Inc. 0.00% 100 $5K No change
CRWD CrowdStrike Holdings Inc. Class A 0.00% 11 $4K Add +120.0%
QUAL iShares MSCI USA Quality Fac 0.00% 25 $4K No change
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% 84 $3K Add +12.0%
MNST Monster Beverage Corp. 0.00% 50 $3K New
SSNC Ss&c Technologies Holdings 0.00% 44 $3K No change
CEG Constellation Energy 0.00% 9 $2K No change
MEDP Medpace Holdings Inc. 0.00% 4 $2K No change
PR Permian Resources Corp. Class A 0.00% 95 $2K No change
RIVN Rivian Automotive Inc. Class A 0.00% 146 $2K No change
SOLV Solventum Corp. 0.00% 39 $2K No change
SMCI Super Micro Computer Inc. 0.00% 2 $2K No change
VGIT Vanguard Intermediate-Term T 0.00% 39 $2K No change
WEC WEC Energy Group Inc. 0.00% 25 $2K New
XYL Xylem Inc. 0.00% 15 $2K New
AFRM Affirm Holdings Inc. 0.00% 30 $1K No change
ABNB Airbnb Inc. Class A 0.00% 9 $1K No change
ALNY Alnylam Pharmaceuticals Inc. 0.00% 6 $1K No change
MO Altria Group Inc. 0.00% 30 $1K No change
OWL Blue Owl Capital Inc. 0.00% 84 $1K No change
BLDR Builders Firstsource Inc. 0.00% 10 $1K New
CELH Celsius Holdings Inc. 0.00% 17 $1K No change
NET Cloudflare Inc. Class A 0.00% 13 $1K No change
DDOG Datadog Inc. Class A 0.00% 6 $1K No change
DVN Devon Energy Corp. 0.00% 24 $1K No change
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 No change
FENI Fidelity Enhanced Intl ETF 0.00% 26 $1K No change
IDXX Idexx Laboratories Inc. 0.00% 3 $1K No change
IR Ingersoll-Rand Inc. 0.00% 13 $1K No change
SPHQ Invesco S&P 500 Quality ETF 0.00% 10 $1K No change
EFAV iShares MSCI Eafe Min Vol Fa 0.00% 21 $1K No change
SUSB iShares ESG Aware 1-5 Year U 0.00% 41 $1K No change
IVLU iShares MSCI International V 0.00% 43 $1K No change
EAGG iShares ESG Aware US Aggrega 0.00% 32 $1K No change
LPLA LPL Financial Holdings Inc. 0.00% 4 $1K No change
MDB Mongodb Inc. 0.00% 2 $1K No change
PSA Public Storage 0.00% 5 $1K No change
RYAN Ryan Specialty Holdings Inc. 0.00% 19 $1K No change
ULTA Ulta Beauty Inc. 0.00% 3 $1K No change
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% 7 $0 Reduce -7.9%
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: $199.9M.

Portfolio Sells Q1 2024 → Q2 2024
LLY Eli Lilly & Co. Sold out 0.00% −6.30
VTV Vanguard Mrngstr Val ETF-Aui Sold out 0.00% −2.17
VUG Vanguard Mrngstar GR ETF-Sui Sold out 0.00% −2.10
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.61
YUM Yum! Brands Inc. Sold out 0.00% −0.51
VB Vanguard Most SM-Cap ETF-Usd Sold out 0.00% −0.37
XLB SS Materials Select Sector Reduce -22.9% 0.71% −0.18
GXC State Street SPDR S&P China Reduce -39.4% 0.35% −0.16
AER Aercap Holdings NV Sold out 0.00% −0.16
TFC Truist Financial Corp. Reduce -87.9% 0.02% −0.13
XLP SS Consumer Staples Sel Sect Reduce -12.2% 2.32% −0.11
IAU iShares Gold Trust Sold out 0.00% −0.07
PZA Invesco National Amt-Free Mu Reduce -78.9% 0.02% −0.07
MDT Medtronic PLC Reduce -18.6% 0.25% −0.06
ITM Vaneck Intermediate Muni ETF Reduce -50.7% 0.04% −0.03
MCHI iShares MSCI China ETF Sold out 0.00% −0.03
CMCSA Comcast Corp. Class A Reduce -5.1% 0.32% −0.02
GOOG Alphabet Inc. Class C Reduce -30.9% 0.20% −0.02
VIS Vanguard Industrials ETF Reduce -16.6% 0.11% −0.02
PYPL PayPal Holdings Inc. Reduce -8.4% 0.09% −0.01
IOT Samsara Inc. Class A Sold out 0.00% −0.01
SHM SS SPDR N Ice St Muni ETF Reduce -61.3% 0.01% −0.01
PCY Invesco Emerging Markets Sov Reduce -80.2% 0.00% −0.01
HYD Vaneck High Yield Muni ETF Reduce -69.8% 0.00% −0.01
BDX Becton Dickinson and Co. Reduce -7.3% 0.12% −0.01
JNK SS SPDR BB High Yield Bond Sold out 0.00% −0.00
S Sentinelone Inc. Class A Sold out 0.00% −0.00
DOW Dow Inc. Sold out 0.00% −0.00
LULU Lululemon Athletica Inc. Sold out 0.00% −0.00
PFFD Global X US Preferred ETF Reduce -6.6% 0.06% −0.00
COR Cencora Inc. Sold out 0.00% −0.00
HSY The Hershey Co. Sold out 0.00% −0.00
QS Quantumscape Corp. Sold out 0.00% −0.00
TPL Texas Pacific Land Corp. Sold out 0.00% −0.00
SPCE Virgin Galactic Holdings Inc. Reduce -7.9% 0.00% 0.00
VDC Vanguard Consumer Staple ETF Reduce -6.3% 0.09% +0.00
BCI Abrdn Bloomberg All Commodit Reduce -11.1% 0.23% +0.00
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -8.3% 0.07% +0.00
BABA Alibaba Group Holding-SP ADR Reduce -0.1% 0.04% +0.00
VTC Vanguard Total Corporate BND Reduce -1.7% 0.07% +0.00
ADBE Adobe Inc. Reduce -10.4% 0.13% +0.01
VCSH Vanguard S/T Corp. Bond ETF Reduce -1.1% 0.30% +0.02
SPLV Invesco S&P 500 Low Volatili Reduce -2.8% 0.59% +0.02
EMXC iShares MSCI Emr MRK Ex Chna Reduce -4.3% 0.58% +0.04
JPM JPMorgan Chase & Co. Reduce -4.8% 1.26% +0.05
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -6.4% 1.18% +0.06
XLI SS Industrial Select Sector Reduce -1.9% 2.42% +0.07
XLV SS Health Care Select Sector Reduce -4.1% 3.85% +0.10
IEMG iShares Core MSCI Emerging Reduce -2.7% 1.96% +0.17
GOOGL Alphabet Inc. Class A Reduce -1.3% 1.71% +0.39

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. New 2.45% +2.45
VGT Vanguard Info Tech ETF Add +2.1% 12.03% +2.16
SPSB SS SPDR P St C Corp. ETF Add +0.5% 9.74% +0.79
XLC SS Comm Select Sector SPDR Add +6.8% 4.05% +0.72
AAPL Apple Inc. Add +0.7% 2.22% +0.57
WFC Wells Fargo & Co. New 0.52% +0.52
USMV iShares MSCI USA Min Vol Fac Add +0.5% 4.96% +0.43
VCIT Vanguard Int-Term Corporate Add +2.8% 4.24% +0.41
RSP Invesco S&P 500 Equal Weight Add +2.8% 5.32% +0.40
NEE Nextera Energy Inc. Add +0.2% 2.24% +0.38
IEFA iShares Core MSCI Eafe ETF Add +0.8% 5.00% +0.33
VFH Vanguard Financials ETF Add +1.0% 5.00% +0.33
XLE SS Energy Select Sector Add +11.9% 1.79% +0.27
SPHY SS SPDR P High Yield ETF Add +0.9% 3.23% +0.25
XLY SS Consumer Disc Select Sect Add +2.1% 2.63% +0.24
NKE Nike Inc. Class B New 0.24% +0.24
AMZN Amazon.com Inc. Add +0.8% 1.26% +0.19
AMGN Amgen Inc. New 0.16% +0.16
COST Costco Wholesale Corp. Add +0.7% 0.65% +0.14
ORCL Oracle Corp. Add +1.0% 0.72% +0.14
ABT Abbott Laboratories New 0.10% +0.10
DUK Duke Energy Corp. Add +1.7% 0.44% +0.06
XOM Exxon Mobil Corp. Add +0.4% 0.70% +0.05
XLRE SS Real Estate Select Sector Add +3.9% 0.51% +0.05
EQWL Invesco S&P 100 Equal Weight Add +0.0% 0.56% +0.04
SLYG SS SPDR S&P 600 SC GR ETF Add +4.1% 0.41% +0.04
XLK SS Technology Select Sector Add +7.0% 0.17% +0.04
META Meta Platforms Inc. Class A Add +31.9% 0.10% +0.03
SPGI S&P Global Inc. Add +1.3% 0.22% +0.03
MRK Merck & Co. Inc. Add +1.7% 0.82% +0.03
AMAT Applied Materials Inc. Add +3.7% 0.12% +0.03
ECL Ecolab Inc. New 0.02% +0.02
SLYV SS SPDR S&P 600 SC Val ETF Add +4.6% 0.29% +0.02
V Visa Inc. Class A Add +0.7% 0.65% +0.02
GLW Corning Inc. New 0.01% +0.01
XLF SS Financial Select Sector Add +31.1% 0.05% +0.01
ALL Allstate Corp. Add +1261.8% 0.02% +0.01
ADP Automatic Data Processing Add +5.8% 0.11% +0.01
ABBV Abbvie Inc. Add +2.3% 0.23% +0.01
BRK.B Berkshire Hathaway Inc. Class B Add +2.2% 0.11% +0.01
T AT&T Inc. Add +1.6% 0.04% +0.01
APD Air Products & Chemicals Inc. Add +5.2% 0.04% +0.01
GEV GE Vernova Inc. New 0.01% +0.01
KMI Kinder Morgan Inc. Add +6.0% 0.02% +0.01
NEM Newmont Corp. New 0.01% +0.01
VZ Verizon Communications Inc. Add +0.2% 0.05% +0.00
JNJ Johnson & Johnson Add +0.1% 0.68% +0.00
MNST Monster Beverage Corp. New 0.00% +0.00
EQIX Equinix Inc. Add +2.5% 0.08% +0.00
CRWD CrowdStrike Holdings Inc. Class A Add +120.0% 0.00% +0.00

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