Winthrop Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 6, 2025), Winthrop Capital Management, LLC reported 331 stock positions worth $363.5 million. Its top holding was Vanguard Info Tech ETF (VGT) at 6.5% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.4%) and Eli Lilly (LLY, 4.1%). Compared with Q4 2024, it opened 38 new positions, sold out of 44, added to 88 and reduced 74. The biggest buy was SS Health Care Select Sector (XLV, shares +26%) and the biggest sale an exit from Apple (AAPL).
- Most Recent 13F
- Q2 2026
- Location
- Carmel, IN
- CIK
- 0002010657
- Portfolio Value
- $363.5M (Q1 2025)
- SEC Filing
- 0001999371-25-005506 ↗ filed May 6, 2025
Holdings Value
Holdings 331 stocks · $363.5M
| VGT Vanguard Info Tech ETF | 6.54% | 43,852 | $23.8M | Add +1.8% |
| SPSB SS SPDR P St C Corp. ETF | 5.44% | 657,241 | $19.8M | Add +1.2% |
| LLY Eli Lilly & Co. | 4.08% | 17,956 | $14.8M | Add +0.4% |
| SCHX Schwab US Large-Cap ETF | 4.05% | 666,524 | $14.7M | Reduce -1.7% |
| SCHD Schwab US DVD Equity ETF | 3.85% | 499,988 | $14.0M | Reduce -1.4% |
| IEFA iShares Core MSCI Eafe ETF | 3.42% | 164,419 | $12.4M | Add +10.9% |
| VFH Vanguard Financials ETF | 3.29% | 99,962 | $11.9M | Add +16.8% |
| RSP Invesco S&P 500 Equal Weight | 3.13% | 65,582 | $11.4M | Reduce -0.3% |
| USMV iShares MSCI USA Min Vol Fac | 3.00% | 116,369 | $10.9M | Reduce -1.9% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.92% | 97,539 | $10.6M | Add +4.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.65% | 17,186 | $9.6M | Reduce -1.6% |
| XLV SS Health Care Select Sector | 2.51% | 62,546 | $9.1M | Add +25.8% |
| VCIT Vanguard Int-Term Corporate | 2.45% | 108,861 | $8.9M | Add +1.6% |
| XLC SS Comm Select Sector SPDR | 2.39% | 89,903 | $8.7M | Reduce -2.8% |
| SPHY SS SPDR P High Yield ETF | 1.89% | 293,567 | $6.9M | Add +3.9% |
| MBB iShares MBS ETF | 1.89% | 73,102 | $6.9M | Add +0.0% |
| SCHF Schwab Intl Equity ETF | 1.88% | 344,682 | $6.8M | Add +0.6% |
| IVV iShares Core S&P 500 ETF | 1.60% | 10,364 | $5.8M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.55% | 32,570 | $5.6M | Reduce -5.8% |
| XLY SS Consumer Disc Select Sect | 1.46% | 26,788 | $5.3M | Reduce -7.8% |
| XLI SS Industrial Select Sector | 1.43% | 39,771 | $5.2M | Add +3.3% |
| MSFT Microsoft Corp. | 1.39% | 13,481 | $5.1M | Add +5.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.35% | 13,261 | $4.9M | Reduce -0.1% |
| XLP SS Consumer Staples Sel Sect | 1.34% | 59,841 | $4.9M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.27% | 42,746 | $4.6M | Add +4.3% |
| NEE Nextera Energy Inc. | 1.26% | 64,405 | $4.6M | Add +0.5% |
| IEMG iShares Core MSCI Emerging | 1.17% | 78,592 | $4.2M | Reduce -1.4% |
| SCHG Schwab US Large-Cap Growth | 1.14% | 165,421 | $4.1M | Reduce -2.1% |
| PFF iShares Preferred & Income S | 1.07% | 126,320 | $3.9M | Reduce -0.2% |
| AGG iShares Core U.S. Aggregate | 1.01% | 37,293 | $3.7M | Reduce -2.7% |
| XLE SS Energy Select Sector | 0.96% | 37,217 | $3.5M | Reduce -4.5% |
| PEP Pepsico Inc. | 0.93% | 22,453 | $3.4M | Add +1.8% |
| GOOGL Alphabet Inc. Class A | 0.90% | 21,174 | $3.3M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 0.88% | 13,040 | $3.2M | Add +1.8% |
| SCHA Schwab US Small-Cap ETF | 0.77% | 119,787 | $2.8M | Reduce -0.2% |
| RSPD Invesco S&P 500 Equal Weight | 0.76% | 55,032 | $2.7M | Reduce -1.7% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.66% | 30,271 | $2.4M | Reduce -11.0% |
| IEF iShares 7-10 Year Treasury B | 0.61% | 23,309 | $2.2M | Add +18.0% |
| SGOV iShares 0-3 Month Treasury B | 0.61% | 21,900 | $2.2M | Add +2.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.58% | 40,320 | $2.1M | Add +18.8% |
| XLRE SS Real Estate Select Sector | 0.54% | 47,225 | $2.0M | Add +5.2% |
| SCHM Schwab US Mid Cap ETF | 0.54% | 74,482 | $2.0M | Reduce -1.7% |
| ITA iShares U.S. Aerospace & Def | 0.52% | 12,346 | $1.9M | Add +1.8% |
| V Visa Inc. Class A | 0.51% | 5,263 | $1.8M | Add +3.1% |
| XLB SS Materials Select Sector | 0.47% | 19,864 | $1.7M | Reduce -0.3% |
| JNJ Johnson & Johnson | 0.46% | 10,025 | $1.7M | Add +2.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.43% | 6,333 | $1.6M | Reduce -0.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.43% | 56,952 | $1.6M | Reduce -1.4% |
| IJR iShares Core S&P Small-Cap E | 0.41% | 14,139 | $1.5M | Reduce -3.9% |
| XOM Exxon Mobil Corp. | 0.40% | 12,262 | $1.5M | Add +0.5% |
| ORCL Oracle Corp. | 0.40% | 10,293 | $1.4M | Reduce -3.1% |
| WMT Walmart Inc. | 0.39% | 16,332 | $1.4M | Reduce -2.2% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.39% | 5,598 | $1.4M | Reduce -0.1% |
| IJH iShares Core S&P Midcap ETF | 0.39% | 24,097 | $1.4M | Reduce -1.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 5,113 | $1.4M | Add +1.1% |
| COST Costco Wholesale Corp. | 0.38% | 1,474 | $1.4M | Reduce -9.5% |
| SPLV Invesco S&P 500 Low Volatili | 0.37% | 18,228 | $1.4M | No change |
| CMI Cummins Inc. | 0.35% | 4,108 | $1.3M | Add +2.4% |
| MRK Merck & Co. Inc. | 0.35% | 14,264 | $1.3M | Add +2.0% |
| YUM Yum! Brands Inc. | 0.35% | 7,976 | $1.3M | Add +0.1% |
| IVW iShares S&P 500 Growth ETF | 0.34% | 13,490 | $1.3M | Reduce -1.4% |
| DUK Duke Energy Corp. | 0.33% | 9,980 | $1.2M | Add +2.4% |
| HON Honeywell International Inc. | 0.33% | 5,664 | $1.2M | Add +2.9% |
| PG The Procter & Gamble Co. | 0.32% | 6,863 | $1.2M | Add +1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.32% | 11,710 | $1.2M | Add +3.2% |
| EQWL Invesco S&P 100 Equal Weight | 0.30% | 10,675 | $1.1M | No change |
| C Citigroup Inc. | 0.30% | 15,156 | $1.1M | Add +4.0% |
| CVX Chevron Corp. | 0.29% | 6,386 | $1.1M | Add +2.5% |
| HD Home Depot Inc. | 0.29% | 2,907 | $1.1M | Add +0.9% |
| QCOM Qualcomm Inc. | 0.29% | 6,771 | $1.0M | Add +4.0% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.28% | 18,338 | $1.0M | No change |
| SCHH Schwab US REIT ETF | 0.26% | 44,390 | $955K | Add +0.1% |
| TMO Thermo Fisher Scientific Inc. | 0.25% | 1,815 | $903K | Add +0.6% |
| USB US Bancorp | 0.24% | 21,043 | $888K | Reduce -9.0% |
| JCI Johnson Controls Internation | 0.23% | 10,398 | $833K | Add +3.2% |
| PFE Pfizer Inc. | 0.23% | 32,360 | $820K | Reduce -0.7% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.22% | 3,616 | $802K | No change |
| GLD SPDR Gold Shares | 0.21% | 2,604 | $750K | Add +107.0% |
| COP Conocophillips | 0.20% | 6,755 | $709K | Add +3.4% |
| MDT Medtronic PLC | 0.19% | 7,845 | $705K | Add +4.2% |
| LOW Lowe's Cos Inc. | 0.18% | 2,868 | $669K | Add +3.6% |
| MCD McDonald's Corp. | 0.18% | 2,143 | $669K | Reduce -0.6% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.18% | 8,370 | $661K | Add +5.9% |
| SCHB Schwab US Broad Market ETF | 0.18% | 30,439 | $655K | Add +0.2% |
| CMCSA Comcast Corp. Class A | 0.18% | 17,711 | $654K | Add +1.5% |
| WFC Wells Fargo & Co. | 0.17% | 8,719 | $626K | Reduce -23.6% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.17% | 7,237 | $601K | Reduce -4.3% |
| META Meta Platforms Inc. Class A | 0.16% | 1,005 | $579K | Add +64.2% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.16% | 2,188 | $566K | No change |
| TXN Texas Instruments Inc. | 0.15% | 3,108 | $559K | Reduce -0.8% |
| SPGI S&P Global Inc. | 0.15% | 1,091 | $554K | Add +5.0% |
| ABBV Abbvie Inc. | 0.15% | 2,632 | $551K | No change |
| SU Suncor Energy Inc. | 0.15% | 13,654 | $529K | Add +2.6% |
| IWM iShares Russell 2000 ETF | 0.14% | 2,509 | $501K | No change |
| PLD Prologis Inc. | 0.14% | 4,474 | $500K | Add +4.1% |
| AER Aercap Holdings NV | 0.13% | 4,602 | $470K | Add +4.9% |
| PNC PNC Financial Services Group | 0.12% | 2,564 | $451K | Add +0.2% |
| YUMC Yum China Holdings Inc. | 0.11% | 7,926 | $413K | No change |
| EEM iShares MSCI Emerging Market | 0.11% | 9,216 | $403K | No change |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.11% | 9,532 | $398K | Add +4.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $23K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 558 | $23K | No change |
Total filed on the 13F, all lines: $363.5M.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Sold out | 0.00% | −1.37 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.85 |
| IBB iShares Biotechnology ETF | Reduce -98.5% | 0.01% | −0.60 |
| XLY SS Consumer Disc Select Sect | Reduce -7.8% | 1.46% | −0.29 |
| SCHX Schwab US Large-Cap ETF | Reduce -1.7% | 4.05% | −0.15 |
| SCHG Schwab US Large-Cap Growth | Reduce -2.1% | 1.14% | −0.13 |
| GLTR Abrdn Precious Metals Basket | Sold out | 0.00% | −0.12 |
| BCI Abrdn Bloomberg All Commodit | Sold out | 0.00% | −0.12 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.1% | 1.35% | −0.11 |
| PYPL PayPal Holdings Inc. | Reduce -99.6% | 0.00% | −0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.6% | 2.65% | −0.09 |
| TELFY Telefonica SA-Spon ADR | Reduce -79.0% | 0.02% | −0.08 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.08 |
| ORCL Oracle Corp. | Reduce -3.1% | 0.40% | −0.08 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.07 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.07 |
| XLK SS Technology Select Sector | Reduce -65.0% | 0.03% | −0.07 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.06 |
| SCHA Schwab US Small-Cap ETF | Reduce -0.2% | 0.77% | −0.05 |
| USB US Bancorp | Reduce -9.0% | 0.24% | −0.05 |
| NKE Nike Inc. Class B | Reduce -35.8% | 0.07% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.9% | 0.41% | −0.04 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.04 |
| WFC Wells Fargo & Co. | Reduce -23.6% | 0.17% | −0.04 |
| RSPD Invesco S&P 500 Equal Weight | Reduce -1.7% | 0.76% | −0.04 |
| IVV iShares Core S&P 500 ETF | Reduce -0.2% | 1.60% | −0.03 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Reduce -0.1% | 0.39% | −0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -11.0% | 0.66% | −0.03 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.4% | 0.34% | −0.03 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.03 |
| XLF SS Financial Select Sector | Reduce -97.6% | 0.00% | −0.03 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Reduce -1.7% | 0.54% | −0.02 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.8% | 0.39% | −0.02 |
| AXP American Express Co. | Sold out | 0.00% | −0.02 |
| DLTR Dollar Tree Inc. | Reduce -96.3% | 0.00% | −0.02 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -4.3% | 0.17% | −0.02 |
| COST Costco Wholesale Corp. | Reduce -9.5% | 0.38% | −0.02 |
| AEP American Electric Power | Sold out | 0.00% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -25.1% | 0.03% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -9.2% | 0.06% | −0.01 |
| WMT Walmart Inc. | Reduce -2.2% | 0.39% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -7.9% | 0.05% | −0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -5.8% | 1.55% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -2.8% | 2.39% | −0.01 |
| IGV iShares Expanded Tech-Softwa | Reduce -4.7% | 0.02% | −0.00 |
| PFE Pfizer Inc. | Reduce -0.7% | 0.23% | −0.00 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.00 |
| TXN Texas Instruments Inc. | Reduce -0.8% | 0.15% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| XLV SS Health Care Select Sector | Add +25.8% | 2.51% | +0.70 |
| IEFA iShares Core MSCI Eafe ETF | Add +10.9% | 3.42% | +0.65 |
| VFH Vanguard Financials ETF | Add +16.8% | 3.29% | +0.60 |
| LLY Eli Lilly & Co. | Add +0.4% | 4.08% | +0.40 |
| SPSB SS SPDR P St C Corp. ETF | Add +1.2% | 5.44% | +0.28 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +4.4% | 2.92% | +0.25 |
| SCHF Schwab Intl Equity ETF | Add +0.6% | 1.88% | +0.19 |
| VCIT Vanguard Int-Term Corporate | Add +1.6% | 2.45% | +0.15 |
| GLD SPDR Gold Shares | Add +107.0% | 0.21% | +0.13 |
| SPHY SS SPDR P High Yield ETF | Add +3.9% | 1.89% | +0.13 |
| IEF iShares 7-10 Year Treasury B | Add +18.0% | 0.61% | +0.12 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +18.8% | 0.58% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.11% | +0.11 |
| MBB iShares MBS ETF | Add +0.0% | 1.89% | +0.10 |
| JPST JPMorgan Ultra-Short Income | New | 0.09% | +0.09 |
| VNLA Janus Henderson Short Durati | New | 0.09% | +0.09 |
| JNJ Johnson & Johnson | Add +2.4% | 0.46% | +0.08 |
| XLI SS Industrial Select Sector | Add +3.3% | 1.43% | +0.08 |
| V Visa Inc. Class A | Add +3.1% | 0.51% | +0.08 |
| JPM JPMorgan Chase & Co. | Add +1.8% | 0.88% | +0.06 |
| META Meta Platforms Inc. Class A | Add +64.2% | 0.16% | +0.06 |
| YUM Yum! Brands Inc. | Add +0.1% | 0.35% | +0.06 |
| XLRE SS Real Estate Select Sector | Add +5.2% | 0.54% | +0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +950.7% | 0.07% | +0.06 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.40% | +0.06 |
| CVX Chevron Corp. | Add +2.5% | 0.29% | +0.06 |
| DUK Duke Energy Corp. | Add +2.4% | 0.33% | +0.06 |
| ITA iShares U.S. Aerospace & Def | Add +1.8% | 0.52% | +0.05 |
| APA Apa Corp. | New | 0.05% | +0.05 |
| PEP Pepsico Inc. | Add +1.8% | 0.93% | +0.04 |
| MDT Medtronic PLC | Add +4.2% | 0.19% | +0.03 |
| SGOV iShares 0-3 Month Treasury B | Add +2.0% | 0.61% | +0.03 |
| NEE Nextera Energy Inc. | Add +0.5% | 1.26% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | Add +47.1% | 0.05% | +0.03 |
| MU Micron Technology Inc. | Add +9138.5% | 0.03% | +0.03 |
| COP Conocophillips | Add +3.4% | 0.20% | +0.03 |
| C Citigroup Inc. | Add +4.0% | 0.30% | +0.02 |
| SU Suncor Energy Inc. | Add +2.6% | 0.15% | +0.02 |
| PG The Procter & Gamble Co. | Add +1.3% | 0.32% | +0.02 |
| QCOM Qualcomm Inc. | Add +4.0% | 0.29% | +0.02 |
| AER Aercap Holdings NV | Add +4.9% | 0.13% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +5.9% | 0.18% | +0.02 |
| SLB SLB Ltd. | Add +4.1% | 0.11% | +0.02 |
| PLD Prologis Inc. | Add +4.1% | 0.14% | +0.02 |
| JCI Johnson Controls Internation | Add +3.2% | 0.23% | +0.02 |
| SCHH Schwab US REIT ETF | Add +0.1% | 0.26% | +0.02 |
| DTE DTE Energy Company | Add +0.5% | 0.09% | +0.01 |
| SPGI S&P Global Inc. | Add +5.0% | 0.15% | +0.01 |
| EL Estee Lauder Companies Class A | Add +2240.0% | 0.01% | +0.01 |
| T AT&T Inc. | Add +1.1% | 0.04% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 351 | $414.1M | VGT, LLY, SPSB, SCHX, VFH |
| Q1 2026 | 356 | $389.5M | VGT, SPSB, SCHX, LLY, SCHD |
| Q4 2025 | 363 | $429.1M | VGT, SPSB, LLY, SCHX, VFH |
| Q3 2025 | 338 | $413.5M | VGT, SPSB, SCHX, VFH, IEFA |
| Q2 2025 | 350 | $395.6M | VGT, SPSB, SCHX, LLY, VFH |
| Q1 2025 | 331 | $363.5M | VGT, SPSB, LLY, SCHX, SCHD |
| Q4 2024 | 337 | $375.7M | VGT, SPSB, SCHX, LLY, SCHD |
| Q3 2024 | 157 | $210.0M | VGT, SPSB, RSP, USMV, VFH |
| Q2 2024 | 158 | $199.9M | VGT, SPSB, RSP, VFH, IEFA |
| Q1 2024 | 162 | $217.0M | VGT, SPSB, LLY, RSP, VFH |