Winthrop Capital Management, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 4, 2024), Winthrop Capital Management, LLC reported 157 stock positions worth $210.0 million. Its top holding was Vanguard Info Tech ETF (VGT) at 11.7% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 9.7%) and Invesco S&P 500 Equal Weight (RSP, 5.5%). Compared with Q2 2024, it opened 24 new positions, sold out of 25, added to 32 and reduced 40. The biggest buy was a new position in VG Morningstar TS MKT ETF-US (VTI) and the biggest sale an exit from Nvidia (NVDA).

Most Recent 13F
Q2 2026
Location
Carmel, IN
CIK
0002010657
Portfolio Value
$210.0M (Q3 2024)
SEC Filing
0001999371-24-014240 ↗ filed Nov 4, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $217.0M Q1 2024 Q2 2024: $199.9M Q2 2024 Q3 2024: $210.0M $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 157 stocks · $210.0M
VGT Vanguard Info Tech ETF 11.68% 41,814 $24.5M Add +0.2%
SPSB SS SPDR P St C Corp. ETF 9.66% 669,922 $20.3M Add +2.2%
RSP Invesco S&P 500 Equal Weight 5.54% 64,933 $11.6M Add +0.4%
USMV iShares MSCI USA Min Vol Fac 5.14% 118,129 $10.8M Add +0.1%
VFH Vanguard Financials ETF 5.12% 97,910 $10.8M Reduce -2.1%
IEFA iShares Core MSCI Eafe ETF 5.11% 137,602 $10.7M Add +0.1%
SPY SS SPDR S&P 500 ETF Trust-US 4.77% 17,459 $10.0M Add +1.9%
VCIT Vanguard Int-Term Corporate 4.28% 107,240 $9.0M Add +1.0%
XLC SS Comm Select Sector SPDR 4.15% 96,427 $8.7M Add +2.1%
XLV SS Health Care Select Sector 3.62% 49,365 $7.6M Reduce -6.4%
SPHY SS SPDR P High Yield ETF 3.18% 277,574 $6.7M Reduce -0.2%
NEE Nextera Energy Inc. 2.55% 63,245 $5.3M Reduce -0.1%
XLI SS Industrial Select Sector 2.53% 39,180 $5.3M Reduce -1.1%
XLY SS Consumer Disc Select Sect 2.51% 26,317 $5.3M Reduce -8.7%
XLP SS Consumer Staples Sel Sect 2.35% 59,556 $4.9M Reduce -1.8%
AAPL Apple Inc. 2.22% 19,975 $4.7M Reduce -5.2%
IEMG iShares Core MSCI Emerging 1.95% 71,485 $4.1M Reduce -2.3%
XLE SS Energy Select Sector 1.59% 38,041 $3.3M Reduce -3.3%
GOOGL Alphabet Inc. Class A 1.43% 18,048 $3.0M Reduce -3.8%
XLU St Sr Utl SL SE SPDR ETF-Usd 1.36% 35,375 $2.9M Add +2.3%
JPM JPMorgan Chase & Co. 1.23% 12,210 $2.6M Reduce -1.9%
AMZN Amazon.com Inc. 1.20% 13,497 $2.5M Add +3.6%
XLRE SS Real Estate Select Sector 0.96% 45,328 $2.0M Add +69.6%
XLB SS Materials Select Sector 0.92% 20,080 $1.9M Add +24.8%
ORCL Oracle Corp. 0.75% 9,298 $1.6M Reduce -8.8%
MRK Merck & Co. Inc. 0.71% 13,193 $1.5M Reduce -0.4%
VTI VG Morningstar TS MKT ETF-US 0.68% 5,056 $1.4M New
XOM Exxon Mobil Corp. 0.68% 12,148 $1.4M Add +0.2%
V Visa Inc. Class A 0.63% 4,814 $1.3M Reduce -2.6%
SPLV Invesco S&P 500 Low Volatili 0.62% 18,228 $1.3M No change
COST Costco Wholesale Corp. 0.61% 1,436 $1.3M Reduce -6.8%
EQWL Invesco S&P 100 Equal Weight 0.55% 11,272 $1.2M Reduce -5.6%
PG The Procter & Gamble Co. 0.54% 6,573 $1.1M New
EMXC iShares MSCI Emr MRK Ex Chna 0.54% 18,514 $1.1M Reduce -5.0%
DUK Duke Energy Corp. 0.52% 9,443 $1.1M Add +7.4%
TMO Thermo Fisher Scientific Inc. 0.51% 1,730 $1.1M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.48% 10,452 $1.0M New
SLYG SS SPDR S&P 600 SC GR ETF 0.44% 9,841 $916K Add +2.8%
VB Vanguard Most SM-Cap ETF-Usd 0.41% 3,616 $858K New
GXC State Street SPDR S&P China 0.38% 9,790 $804K Reduce -3.6%
CMCSA Comcast Corp. Class A 0.34% 17,150 $716K Add +4.7%
SLYV SS SPDR S&P 600 SC Val ETF 0.30% 7,261 $630K Reduce -0.6%
COP Conocophillips 0.30% 5,937 $625K Reduce -0.7%
VCSH Vanguard S/T Corp. Bond ETF 0.30% 7,867 $625K Add +0.6%
MDT Medtronic PLC 0.29% 6,726 $606K Add +6.8%
ABBV Abbvie Inc. 0.25% 2,627 $519K No change
SPGI S&P Global Inc. 0.23% 955 $493K Reduce -1.2%
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.22% 22,654 $463K No change
GLTR Abrdn Precious Metals Basket 0.22% 4,090 $463K No change
AER Aercap Holdings NV 0.18% 3,986 $378K New
YUMC Yum China Holdings Inc. 0.17% 7,926 $357K No change
GOOG Alphabet Inc. Class C 0.17% 2,112 $353K Reduce -5.4%
XLK SS Technology Select Sector 0.16% 1,506 $340K No change
AMGN Amgen Inc. 0.15% 987 $318K Reduce -1.3%
ADBE Adobe Inc. 0.12% 503 $260K Add +9.8%
PYPL PayPal Holdings Inc. 0.12% 3,338 $260K Add +6.8%
BRK.B Berkshire Hathaway Inc. Class B 0.12% 562 $259K No change
ADP Automatic Data Processing 0.12% 924 $256K No change
VIS Vanguard Industrials ETF 0.12% 963 $250K Add +0.1%
BDX Becton Dickinson and Co. 0.12% 1,016 $245K Reduce -1.1%
META Meta Platforms Inc. Class A 0.11% 398 $228K Reduce -1.7%
ABT Abbott Laboratories 0.11% 1,949 $222K Reduce -0.8%
AMAT Applied Materials Inc. 0.09% 986 $199K No change
VDC Vanguard Consumer Staple ETF 0.09% 838 $183K No change
EQIX Equinix Inc. 0.08% 197 $175K Reduce -2.0%
ITW Illinois Tool Works 0.08% 608 $159K New
SPYM Ste STR SPDR PT S&P 500 ETF 0.07% 2,172 $147K No change
PFFD Global X US Preferred ETF 0.06% 6,177 $128K Add +1.1%
BABA Alibaba Group Holding-SP ADR 0.06% 1,191 $126K Reduce -1.0%
XLF SS Financial Select Sector 0.05% 2,405 $109K No change
TEVA Teva Pharmaceutical-SP ADR 0.05% 6,000 $108K New
SHEL Shell PLC-ADR 0.05% 1,616 $107K New
T AT&T Inc. 0.05% 4,739 $104K Add +1.4%
VMBS Vanguard Mortgage-Backed Sec 0.05% 2,064 $97K No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.05% 1,058 $95K No change
VZ Verizon Communications Inc. 0.05% 2,114 $95K Reduce -8.6%
ESGU iShares ESG Aware MSCI USA 0.04% 730 $92K No change
APD Air Products & Chemicals Inc. 0.04% 302 $90K No change
SPIB SS SPDR P Int C Corp. ETF 0.04% 2,663 $90K No change
EIX Edison International 0.04% 960 $84K New
ITM Vaneck Intermediate Muni ETF 0.04% 1,663 $78K No change
O Realty Income Corp. 0.03% 1,119 $71K New
AXP American Express Co. 0.03% 230 $62K No change
MA Mastercard Inc. Class A 0.03% 123 $61K No change
GLD SPDR Gold Shares 0.03% 241 $59K Add +41.8%
XLG Invesco S&P 500 Top 50 ETF 0.03% 1,200 $57K No change
AEP American Electric Power 0.03% 520 $53K No change
KMI Kinder Morgan Inc. 0.03% 2,397 $53K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.02% 559 $51K No change
ECL Ecolab Inc. 0.02% 168 $43K No change
PZA Invesco National Amt-Free Mu 0.02% 1,626 $39K No change
TFC Truist Financial Corp. 0.02% 914 $39K Reduce -10.3%
NWN Northwest Natural Holding Co. 0.02% 900 $37K No change
RCL Royal Caribbean Cruises Ltd. 0.02% 208 $37K Reduce -0.9%
ARKK ARK Innovation ETF 0.02% 762 $36K No change
QUAL iShares MSCI USA Quality Fac 0.02% 198 $36K Add +692.0%
MTUM iShares MSCI USA Momentum Fa 0.02% 177 $36K New
VRNA Verona Pharma Ltd. 0.02% 1,235 $36K No change
GLW Corning Inc. 0.02% 768 $35K No change
ESGD iShares Trust iShares ESG Aw 0.01% 323 $27K No change
CSGP Costar Group Inc. 0.01% 351 $26K No change
ONEY SS SPDR R1000 Yield Foc ETF 0.01% 224 $25K No change
ESGE iShares Inc. iShares ESG Awar 0.01% 624 $23K No change
KMB Kimberly-Clark Corp. 0.01% 156 $22K New
GEV GE Vernova Inc. 0.01% 81 $21K No change
MMM 3M Co. 0.01% 157 $21K No change
ZBH Zimmer Biomet Holdings Inc. 0.01% 180 $19K No change
XOP SS SPDR S&P Og Exp & Prod 0.01% 128 $17K New
SMLV SS SPDR US SC Low Vol Idx 0.01% 138 $17K No change
NUSC Nuveen ESG Small-Cap ETF 0.01% 382 $16K No change
XES SS SPDR S&P Og Eqp & Serv 0.01% 200 $16K No change
SHM SS SPDR N Ice St Muni ETF 0.01% 336 $16K No change
ALL Allstate Corp. 0.01% 68 $13K Reduce -92.7%
TSLA Tesla Inc. 0.01% 47 $12K Reduce -61.5%
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 No change
BMY Bristol-Myers Squibb Co. 0.00% 152 $8K New
HYD Vaneck High Yield Muni ETF 0.00% 124 $7K No change
PCY Invesco Emerging Markets Sov 0.00% 292 $6K No change
CRWD CrowdStrike Holdings Inc. Class A 0.00% 19 $5K Add +72.7%
CFLT Confluent Inc. Class A 0.00% 175 $4K No change
NCLH Norwegian Cruise Line Holdin 0.00% 200 $4K No change
USHY iShares Broad Usd High Yield 0.00% 84 $3K No change
MNST Monster Beverage Corp. 0.00% 50 $3K No change
SSNC Ss&c Technologies Holdings 0.00% 44 $3K No change
S Sentinelone Inc. Class A 0.00% 125 $3K New
SOLV Solventum Corp. 0.00% 39 $3K No change
ABNB Airbnb Inc. Class A 0.00% 17 $2K Add +88.9%
BLDR Builders Firstsource Inc. 0.00% 8 $2K Reduce -20.0%
DASH DoorDash Inc. Class A 0.00% 13 $2K Add +62.5%
IDXX Idexx Laboratories Inc. 0.00% 3 $2K No change
EAGG iShares ESG Aware US Aggrega 0.00% 32 $2K No change
RIVN Rivian Automotive Inc. Class A 0.00% 171 $2K Add +17.1%
TPL Texas Pacific Land Corp. 0.00% 2 $2K New
WEC WEC Energy Group Inc. 0.00% 25 $2K No change
XYL Xylem Inc. 0.00% 15 $2K No change
WMS Advanced Drainage Systems Inc. 0.00% 6 $1K New
ALNY Alnylam Pharmaceuticals Inc. 0.00% 5 $1K Reduce -16.7%
BX Blackstone Inc. 0.00% 6 $1K New
OWL Blue Owl Capital Inc. 0.00% 61 $1K Reduce -27.4%
CELH Celsius Holdings Inc. 0.00% 30 $1K Add +76.5%
NET Cloudflare Inc. Class A 0.00% 13 $1K No change
DDOG Datadog Inc. Class A 0.00% 9 $1K Add +50.0%
FANG Diamondback Energy Inc. 0.00% 5 $1K Reduce -28.6%
FCX Freeport-McMoran Inc. 0.00% 20 $1K New
HES Hess Corp. 0.00% 7 $1K New
SUSB iShares ESG Aware 1-5 Year U 0.00% 41 $1K No change
LULU Lululemon Athletica Inc. 0.00% 4 $1K New
MEDP Medpace Holdings Inc. 0.00% 4 $1K No change
PR Permian Resources Corp. Class A 0.00% 90 $1K Reduce -5.3%
PSA Public Storage 0.00% 4 $1K Reduce -20.0%
RBA RB Global Inc. 0.00% 17 $1K New
ULTA Ulta Beauty Inc. 0.00% 3 $1K No change
VICI Vici Properties Inc. filed as VICI PPTYS INC 0.00% 38 $1K New
ZS Zscaler Inc. 0.00% 5 $1K Add +25.0%
ACN Accenture PLC Class A 0.00% 4 $1K No change

Portfolio Sells Q2 2024 → Q3 2024
NVDA Nvidia Corp. Sold out 0.00% −2.45
JNJ Johnson & Johnson Sold out 0.00% −0.68
WFC Wells Fargo & Co. Sold out 0.00% −0.52
GOOGL Alphabet Inc. Class A Reduce -3.8% 1.43% −0.28
NKE Nike Inc. Class B Sold out 0.00% −0.24
XLV SS Health Care Select Sector Reduce -6.4% 3.62% −0.22
XLE SS Energy Select Sector Reduce -3.3% 1.59% −0.20
XLY SS Consumer Disc Select Sect Reduce -8.7% 2.51% −0.12
MRK Merck & Co. Inc. Reduce -0.4% 0.71% −0.11
VTC Vanguard Total Corporate BND Sold out 0.00% −0.07
SPHY SS SPDR P High Yield ETF Reduce -0.2% 3.18% −0.05
COST Costco Wholesale Corp. Reduce -6.8% 0.61% −0.05
COP Conocophillips Reduce -0.7% 0.30% −0.04
EMXC iShares MSCI Emr MRK Ex Chna Reduce -5.0% 0.54% −0.04
GOOG Alphabet Inc. Class C Reduce -5.4% 0.17% −0.04
JPM JPMorgan Chase & Co. Reduce -1.9% 1.23% −0.03
V Visa Inc. Class A Reduce -2.6% 0.63% −0.02
EQWL Invesco S&P 100 Equal Weight Reduce -5.6% 0.55% −0.02
FTNT Fortinet Inc. Sold out 0.00% −0.01
ALL Allstate Corp. Reduce -92.7% 0.01% −0.01
TSLA Tesla Inc. Reduce -61.5% 0.01% −0.01
IEMG iShares Core MSCI Emerging Reduce -2.3% 1.95% −0.01
NEM Newmont Corp. Sold out 0.00% −0.01
AMGN Amgen Inc. Reduce -1.3% 0.15% −0.00
BDX Becton Dickinson and Co. Reduce -1.1% 0.12% −0.00
AAPL Apple Inc. Reduce -5.2% 2.22% −0.00
GFS Globalfoundries Inc. Sold out 0.00% −0.00
VZ Verizon Communications Inc. Reduce -8.6% 0.05% −0.00
ALK Alaska Air Group Inc. Sold out 0.00% −0.00
TFC Truist Financial Corp. Reduce -10.3% 0.02% −0.00
CEG Constellation Energy Sold out 0.00% −0.00
SMCI Super Micro Computer Inc. Sold out 0.00% −0.00
VGIT Vanguard Intermediate-Term T Sold out 0.00% −0.00
AFRM Affirm Holdings Inc. Sold out 0.00% −0.00
MO Altria Group Inc. Sold out 0.00% −0.00
DVN Devon Energy Corp. Sold out 0.00% −0.00
EOG EOG Resources Inc. Sold out 0.00% −0.00
FENI Fidelity Enhanced Intl ETF Sold out 0.00% −0.00
IR Ingersoll-Rand Inc. Sold out 0.00% −0.00
SPHQ Invesco S&P 500 Quality ETF Sold out 0.00% −0.00
EFAV iShares MSCI Eafe Min Vol Fa Sold out 0.00% −0.00
IVLU iShares MSCI International V Sold out 0.00% −0.00
LPLA LPL Financial Holdings Inc. Sold out 0.00% −0.00
MDB Mongodb Inc. Sold out 0.00% −0.00
PR Permian Resources Corp. Class A Reduce -5.3% 0.00% −0.00
RYAN Ryan Specialty Holdings Inc. Sold out 0.00% −0.00
ALNY Alnylam Pharmaceuticals Inc. Reduce -16.7% 0.00% 0.00
OWL Blue Owl Capital Inc. Reduce -27.4% 0.00% 0.00
FANG Diamondback Energy Inc. Reduce -28.6% 0.00% 0.00
PSA Public Storage Reduce -20.0% 0.00% 0.00

Portfolio Buys Q2 2024 → Q3 2024
VTI VG Morningstar TS MKT ETF-US New 0.68% +0.68
PG The Procter & Gamble Co. New 0.54% +0.54
TMO Thermo Fisher Scientific Inc. New 0.51% +0.51
DIS The Walt Disney Co. New 0.48% +0.48
XLRE SS Real Estate Select Sector Add +69.6% 0.96% +0.45
VB Vanguard Most SM-Cap ETF-Usd New 0.41% +0.41
RSP Invesco S&P 500 Equal Weight Add +0.4% 5.54% +0.22
XLB SS Materials Select Sector Add +24.8% 0.92% +0.21
XLU St Sr Utl SL SE SPDR ETF-Usd Add +2.3% 1.36% +0.18
AER Aercap Holdings NV New 0.18% +0.18
USMV iShares MSCI USA Min Vol Fac Add +0.1% 5.14% +0.18
IEFA iShares Core MSCI Eafe ETF Add +0.1% 5.11% +0.12
XLC SS Comm Select Sector SPDR Add +2.1% 4.15% +0.11
SPY SS SPDR S&P 500 ETF Trust-US Add +1.9% 4.77% +0.11
DUK Duke Energy Corp. Add +7.4% 0.52% +0.08
ITW Illinois Tool Works New 0.08% +0.08
TEVA Teva Pharmaceutical-SP ADR New 0.05% +0.05
SHEL Shell PLC-ADR New 0.05% +0.05
MDT Medtronic PLC Add +6.8% 0.29% +0.04
EIX Edison International New 0.04% +0.04
O Realty Income Corp. New 0.03% +0.03
PYPL PayPal Holdings Inc. Add +6.8% 0.12% +0.03
VCIT Vanguard Int-Term Corporate Add +1.0% 4.28% +0.03
SLYG SS SPDR S&P 600 SC GR ETF Add +2.8% 0.44% +0.03
CMCSA Comcast Corp. Class A Add +4.7% 0.34% +0.02
MTUM iShares MSCI USA Momentum Fa New 0.02% +0.02
QUAL iShares MSCI USA Quality Fac Add +692.0% 0.02% +0.02
KMB Kimberly-Clark Corp. New 0.01% +0.01
GLD SPDR Gold Shares Add +41.8% 0.03% +0.01
XOP SS SPDR S&P Og Exp & Prod New 0.01% +0.01
VIS Vanguard Industrials ETF Add +0.1% 0.12% +0.01
T AT&T Inc. Add +1.4% 0.05% +0.01
BMY Bristol-Myers Squibb Co. New 0.00% +0.00
S Sentinelone Inc. Class A New 0.00% +0.00
TPL Texas Pacific Land Corp. New 0.00% +0.00
PFFD Global X US Preferred ETF Add +1.1% 0.06% +0.00
WMS Advanced Drainage Systems Inc. New 0.00% +0.00
ABNB Airbnb Inc. Class A Add +88.9% 0.00% +0.00
BX Blackstone Inc. New 0.00% +0.00
DASH DoorDash Inc. Class A Add +62.5% 0.00% +0.00
FCX Freeport-McMoran Inc. New 0.00% +0.00
HES Hess Corp. New 0.00% +0.00
LULU Lululemon Athletica Inc. New 0.00% +0.00
RBA RB Global Inc. New 0.00% +0.00
VICI Vici Properties Inc. New 0.00% +0.00
CRWD CrowdStrike Holdings Inc. Class A Add +72.7% 0.00% +0.00
CELH Celsius Holdings Inc. Add +76.5% 0.00% 0.00
DDOG Datadog Inc. Class A Add +50.0% 0.00% 0.00
RIVN Rivian Automotive Inc. Class A Add +17.1% 0.00% 0.00
ZS Zscaler Inc. Add +25.0% 0.00% 0.00

Notes & Other Activity Q2 2024 → Q3 2024
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 Sold out 200 $8Kbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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