Winthrop Capital Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 13, 2025), Winthrop Capital Management, LLC reported 337 stock positions worth $375.7 million. Its top holding was Vanguard Info Tech ETF (VGT) at 7.2% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.2%) and Schwab US Large-Cap ETF (SCHX, 4.2%). Compared with Q3 2024, it opened 182 new positions, sold out of 2, added to 60 and reduced 21. The biggest buy was a new position in Schwab US Large-Cap ETF (SCHX) and the biggest sale SS SPDR P St C Corp. ETF (SPSB, shares −3%).

Most Recent 13F
Q2 2026
Location
Carmel, IN
CIK
0002010657
Portfolio Value
$375.7M (Q4 2024)
SEC Filing
0001839882-25-008932 ↗ filed Feb 13, 2025

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 Q3 2024 Q4 2024: $375.7M $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 337 stocks · $375.7M
VGT Vanguard Info Tech ETF 7.20% 43,087 $27.0M Add +3.0%
SPSB SS SPDR P St C Corp. ETF 5.16% 649,609 $19.4M Reduce -3.0%
SCHX Schwab US Large-Cap ETF 4.20% 677,803 $15.8M New
LLY Eli Lilly & Co. 3.68% 17,881 $13.8M New
SCHD Schwab US DVD Equity ETF 3.67% 507,006 $13.8M New
RSP Invesco S&P 500 Equal Weight 3.06% 65,787 $11.5M Add +1.3%
USMV iShares MSCI USA Min Vol Fac 2.80% 118,689 $10.5M Add +0.5%
IEFA iShares Core MSCI Eafe ETF 2.77% 148,190 $10.4M Add +7.7%
SPY SS SPDR S&P 500 ETF Trust-US 2.73% 17,460 $10.3M Add +0.0%
VFH Vanguard Financials ETF 2.69% 85,607 $10.1M Reduce -12.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 2.66% 93,419 $10.0M New
XLC SS Comm Select Sector SPDR 2.39% 92,521 $9.0M Reduce -4.0%
VCIT Vanguard Int-Term Corporate 2.29% 107,157 $8.6M Reduce -0.1%
XLV SS Health Care Select Sector 1.82% 49,740 $6.8M Add +0.8%
MBB iShares MBS ETF 1.78% 73,084 $6.7M New
SPHY SS SPDR P High Yield ETF 1.77% 282,694 $6.6M Add +1.8%
XLY SS Consumer Disc Select Sect 1.75% 29,043 $6.6M Add +10.4%
SCHF Schwab Intl Equity ETF 1.69% 342,746 $6.3M New
IVV iShares Core S&P 500 ETF 1.63% 10,389 $6.1M New
VTV Vanguard Mrngstr Val ETF-Aui 1.55% 34,578 $5.8M New
NVDA Nvidia Corp. 1.50% 40,968 $5.6M New
VUG Vanguard Mrngstar GR ETF-Sui 1.46% 13,280 $5.5M New
MSFT Microsoft Corp. 1.44% 12,726 $5.4M New
AAPL Apple Inc. 1.37% 20,441 $5.2M Add +2.3%
XLI SS Industrial Select Sector 1.35% 38,488 $5.1M Reduce -1.8%
SCHG Schwab US Large-Cap Growth 1.27% 168,947 $4.8M New
XLP SS Consumer Staples Sel Sect 1.25% 60,044 $4.7M Add +0.8%
NEE Nextera Energy Inc. 1.22% 64,097 $4.6M Add +1.4%
IEMG iShares Core MSCI Emerging 1.11% 79,728 $4.2M Add +11.5%
PFF iShares Preferred & Income S 1.06% 126,530 $4.0M New
GOOGL Alphabet Inc. Class A 1.03% 20,312 $3.9M Add +12.5%
AGG iShares Core U.S. Aggregate 0.99% 38,334 $3.7M New
PEP Pepsico Inc. 0.89% 22,048 $3.3M New
XLE SS Energy Select Sector 0.88% 38,961 $3.3M Add +2.4%
AMZN Amazon.com Inc. 0.85% 14,433 $3.2M Add +6.9%
SCHA Schwab US Small-Cap ETF 0.83% 120,050 $3.1M New
JPM JPMorgan Chase & Co. 0.82% 12,807 $3.1M Add +4.9%
RSPD Invesco S&P 500 Equal Weight 0.80% 55,963 $3.0M New
XLU St Sr Utl SL SE SPDR ETF-Usd 0.69% 34,002 $2.6M Reduce -3.9%
IBB iShares Biotechnology ETF 0.61% 17,475 $2.3M New
SGOV iShares 0-3 Month Treasury B 0.57% 21,465 $2.2M New
SCHM Schwab US Mid Cap ETF 0.56% 75,798 $2.1M New
IEF iShares 7-10 Year Treasury B 0.49% 19,749 $1.8M New
XLRE SS Real Estate Select Sector 0.48% 44,900 $1.8M Reduce -0.9%
ORCL Oracle Corp. 0.47% 10,623 $1.8M Add +14.3%
ITA iShares U.S. Aerospace & Def 0.47% 12,131 $1.8M New
IGSB iShares 1-5Y Inv Grade Corp. 0.47% 33,940 $1.8M New
IJR iShares Core S&P Small-Cap E 0.45% 14,719 $1.7M New
XLB SS Materials Select Sector 0.44% 19,919 $1.7M Reduce -0.8%
V Visa Inc. Class A 0.43% 5,105 $1.6M Add +6.0%
VBK Van Morst SML-Cap Gro-Usd Inc. 0.42% 5,602 $1.6M New
SCHE Schwab Emrg Mrkts Eqty ETF 0.41% 57,744 $1.5M New
IJH iShares Core S&P Midcap ETF 0.41% 24,534 $1.5M New
WMT Walmart Inc. 0.40% 16,700 $1.5M New
COST Costco Wholesale Corp. 0.40% 1,629 $1.5M Add +13.4%
VTI VG Morningstar TS MKT ETF-US 0.39% 5,059 $1.5M Add +0.1%
JNJ Johnson & Johnson 0.37% 9,788 $1.4M New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.37% 6,366 $1.4M New
IVW iShares S&P 500 Growth ETF 0.37% 13,680 $1.4M New
CMI Cummins Inc. 0.37% 4,013 $1.4M New
MRK Merck & Co. Inc. 0.37% 13,985 $1.4M Add +6.0%
XOM Exxon Mobil Corp. 0.34% 12,204 $1.3M Add +0.5%
SPLV Invesco S&P 500 Low Volatili 0.34% 18,228 $1.3M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.33% 11,342 $1.3M Add +8.5%
HON Honeywell International Inc. 0.33% 5,506 $1.2M New
PG The Procter & Gamble Co. 0.30% 6,773 $1.1M Add +3.0%
HD Home Depot Inc. 0.30% 2,881 $1.1M New
USB US Bancorp 0.30% 23,126 $1.1M New
EQWL Invesco S&P 100 Equal Weight 0.29% 10,675 $1.1M Reduce -5.3%
YUM Yum! Brands Inc. 0.28% 7,968 $1.1M New
DUK Duke Energy Corp. 0.28% 9,743 $1.0M Add +3.2%
C Citigroup Inc. 0.27% 14,574 $1.0M New
EMXC iShares MSCI Emr MRK Ex Chna 0.27% 18,338 $1.0M Reduce -0.9%
QCOM Qualcomm Inc. 0.27% 6,512 $1.0M New
TMO Thermo Fisher Scientific Inc. 0.25% 1,804 $936K Add +4.3%
SCHH Schwab US REIT ETF 0.25% 44,370 $925K New
CVX Chevron Corp. 0.24% 6,227 $891K New
VB Vanguard Most SM-Cap ETF-Usd 0.23% 3,616 $868K No change
PFE Pfizer Inc. 0.23% 32,588 $861K New
WFC Wells Fargo & Co. 0.21% 11,419 $804K New
JCI Johnson Controls Internation 0.21% 10,078 $798K New
SCHB Schwab US Broad Market ETF 0.18% 30,391 $692K New
SLYG SS SPDR S&P 600 SC GR ETF 0.18% 7,565 $684K Reduce -23.1%
LOW Lowe's Cos Inc. 0.18% 2,767 $683K New
CMCSA Comcast Corp. Class A 0.17% 17,443 $652K Add +1.7%
COP Conocophillips 0.17% 6,534 $634K Add +10.1%
MCD McDonald's Corp. 0.17% 2,155 $624K New
VCSH Vanguard S/T Corp. Bond ETF 0.16% 7,903 $617K Add +0.5%
MDT Medtronic PLC 0.16% 7,529 $599K Add +11.9%
TXN Texas Instruments Inc. 0.16% 3,134 $589K New
VO Vngrd Mrngstr MD-Cap ETF-Usd 0.15% 2,188 $578K New
IWM iShares Russell 2000 ETF 0.15% 2,509 $554K New
SPGI S&P Global Inc. 0.14% 1,039 $517K Add +8.8%
PNC PNC Financial Services Group 0.13% 2,560 $493K New
SU Suncor Energy Inc. 0.12% 13,302 $469K New
ABBV Abbvie Inc. 0.12% 2,632 $464K Add +0.2%
PLD Prologis Inc. 0.12% 4,299 $452K New
GLTR Abrdn Precious Metals Basket 0.12% 4,090 $448K No change
BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS 0.12% 22,654 $447K No change
NKE Nike Inc. Class B 0.12% 5,807 $433K New

Show all 337 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $23K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 558$23KNew

Total filed on the 13F, all lines: $375.8M.

Portfolio Sells Q3 2024 → Q4 2024
SPSB SS SPDR P St C Corp. ETF Reduce -3.0% 5.16% −4.50
VFH Vanguard Financials ETF Reduce -12.6% 2.69% −2.44
VCIT Vanguard Int-Term Corporate Reduce -0.1% 2.29% −1.98
XLC SS Comm Select Sector SPDR Reduce -4.0% 2.39% −1.76
XLI SS Industrial Select Sector Reduce -1.8% 1.35% −1.18
XLU St Sr Utl SL SE SPDR ETF-Usd Reduce -3.9% 0.69% −0.68
XLRE SS Real Estate Select Sector Reduce -0.9% 0.48% −0.48
XLB SS Materials Select Sector Reduce -0.8% 0.44% −0.48
GXC State Street SPDR S&P China Sold out 0.00% −0.38
EMXC iShares MSCI Emr MRK Ex Chna Reduce -0.9% 0.27% −0.27
EQWL Invesco S&P 100 Equal Weight Reduce -5.3% 0.29% −0.26
SLYG SS SPDR S&P 600 SC GR ETF Reduce -23.1% 0.18% −0.25
SLYV SS SPDR S&P 600 SC Val ETF Reduce -68.3% 0.05% −0.25
VIS Vanguard Industrials ETF Reduce -3.3% 0.06% −0.06
BABA Alibaba Group Holding-SP ADR Reduce -21.2% 0.02% −0.04
SPIB SS SPDR P Int C Corp. ETF Reduce -59.7% 0.01% −0.03
PFFD Global X US Preferred ETF Reduce -1.8% 0.03% −0.03
XLF SS Financial Select Sector Reduce -15.0% 0.03% −0.03
ESGU iShares ESG Aware MSCI USA Reduce -1.5% 0.02% −0.02
BMY Bristol-Myers Squibb Co. Sold out 0.00% −0.00
SOLV Solventum Corp. Reduce -23.1% 0.00% −0.00
ABNB Airbnb Inc. Class A Reduce -5.9% 0.00% −0.00
MEDP Medpace Holdings Inc. Reduce -25.0% 0.00% −0.00

Portfolio Buys Q3 2024 → Q4 2024
SCHX Schwab US Large-Cap ETF New 4.20% +4.20
LLY Eli Lilly & Co. New 3.68% +3.68
SCHD Schwab US DVD Equity ETF New 3.67% +3.67
LQD Ishr Ibx Usd Invgd CB ETF-Ui New 2.66% +2.66
MBB iShares MBS ETF New 1.78% +1.78
SCHF Schwab Intl Equity ETF New 1.69% +1.69
IVV iShares Core S&P 500 ETF New 1.63% +1.63
VTV Vanguard Mrngstr Val ETF-Aui New 1.55% +1.55
NVDA Nvidia Corp. New 1.50% +1.50
VUG Vanguard Mrngstar GR ETF-Sui New 1.46% +1.46
MSFT Microsoft Corp. New 1.44% +1.44
SCHG Schwab US Large-Cap Growth New 1.27% +1.27
PFF iShares Preferred & Income S New 1.06% +1.06
AGG iShares Core U.S. Aggregate New 0.99% +0.99
PEP Pepsico Inc. New 0.89% +0.89
SCHA Schwab US Small-Cap ETF New 0.83% +0.83
RSPD Invesco S&P 500 Equal Weight New 0.80% +0.80
IBB iShares Biotechnology ETF New 0.61% +0.61
SGOV iShares 0-3 Month Treasury B New 0.57% +0.57
SCHM Schwab US Mid Cap ETF New 0.56% +0.56
IEF iShares 7-10 Year Treasury B New 0.49% +0.49
ITA iShares U.S. Aerospace & Def New 0.47% +0.47
IGSB iShares 1-5Y Inv Grade Corp. New 0.47% +0.47
IJR iShares Core S&P Small-Cap E New 0.45% +0.45
VBK Van Morst SML-Cap Gro-Usd Inc. New 0.42% +0.42
SCHE Schwab Emrg Mrkts Eqty ETF New 0.41% +0.41
IJH iShares Core S&P Midcap ETF New 0.41% +0.41
WMT Walmart Inc. New 0.40% +0.40
JNJ Johnson & Johnson New 0.37% +0.37
IBM Intl Business Machines Corp. New 0.37% +0.37
IVW iShares S&P 500 Growth ETF New 0.37% +0.37
CMI Cummins Inc. New 0.37% +0.37
HON Honeywell International Inc. New 0.33% +0.33
HD Home Depot Inc. New 0.30% +0.30
USB US Bancorp New 0.30% +0.30
YUM Yum! Brands Inc. New 0.28% +0.28
C Citigroup Inc. New 0.27% +0.27
QCOM Qualcomm Inc. New 0.27% +0.27
SCHH Schwab US REIT ETF New 0.25% +0.25
CVX Chevron Corp. New 0.24% +0.24
PFE Pfizer Inc. New 0.23% +0.23
WFC Wells Fargo & Co. New 0.21% +0.21
JCI Johnson Controls Internation New 0.21% +0.21
SCHB Schwab US Broad Market ETF New 0.18% +0.18
LOW Lowe's Cos Inc. New 0.18% +0.18
MCD McDonald's Corp. New 0.17% +0.17
TXN Texas Instruments Inc. New 0.16% +0.16
VO Vngrd Mrngstr MD-Cap ETF-Usd New 0.15% +0.15
IWM iShares Russell 2000 ETF New 0.15% +0.15
PNC PNC Financial Services Group New 0.13% +0.13

Notes & Other Activity Q3 2024 → Q4 2024
NEXTERA ENERGY INC (NEE 6.926 09/01/25) UNIT 09/01/2025 New 558 $23K

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