Winthrop Capital Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 7, 2025), Winthrop Capital Management, LLC reported 350 stock positions worth $395.6 million. Its top holding was Vanguard Info Tech ETF (VGT) at 7.8% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 5.1%) and Schwab US Large-Cap ETF (SCHX, 4.1%). Compared with Q1 2025, it opened 29 new positions, sold out of 10, added to 61 and reduced 77. The biggest buy was Vanguard Info Tech ETF (VGT, shares +6%) and the biggest sale Invesco S&P 500 Equal Weight (RSPD, shares −90%).
- Most Recent 13F
- Q2 2026
- Location
- Carmel, IN
- CIK
- 0002010657
- Portfolio Value
- $395.6M (Q2 2025)
- SEC Filing
- 0001999371-25-010763 ↗ filed Aug 7, 2025
Holdings Value
Holdings 350 stocks · $395.6M
| VGT Vanguard Info Tech ETF | 7.78% | 46,427 | $30.8M | Add +5.9% |
| SPSB SS SPDR P St C Corp. ETF | 5.06% | 663,656 | $20.0M | Add +1.0% |
| SCHX Schwab US Large-Cap ETF | 4.09% | 662,805 | $16.2M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 3.48% | 17,661 | $13.8M | Reduce -1.6% |
| VFH Vanguard Financials ETF | 3.38% | 104,994 | $13.4M | Add +5.0% |
| IEFA iShares Core MSCI Eafe ETF | 3.29% | 155,863 | $13.0M | Reduce -5.2% |
| SCHD Schwab US DVD Equity ETF | 3.18% | 474,307 | $12.6M | Reduce -5.1% |
| RSP Invesco S&P 500 Equal Weight | 2.97% | 64,657 | $11.8M | Reduce -1.4% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.70% | 97,300 | $10.7M | Reduce -0.3% |
| USMV iShares MSCI USA Min Vol Fac | 2.65% | 111,557 | $10.5M | Reduce -4.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.62% | 16,758 | $10.4M | Reduce -2.5% |
| XLC SS Comm Select Sector SPDR | 2.49% | 90,769 | $9.9M | Add +1.0% |
| VCIT Vanguard Int-Term Corporate | 2.24% | 106,727 | $8.8M | Reduce -2.0% |
| XLV SS Health Care Select Sector | 2.14% | 62,942 | $8.5M | Add +0.6% |
| XLY SS Consumer Disc Select Sect | 2.11% | 38,419 | $8.3M | Add +43.4% |
| SCHF Schwab Intl Equity ETF | 1.92% | 343,436 | $7.6M | Reduce -0.4% |
| IVV iShares Core S&P 500 ETF | 1.75% | 11,142 | $6.9M | Add +7.5% |
| MSFT Microsoft Corp. | 1.69% | 13,469 | $6.7M | Reduce -0.1% |
| SPHY SS SPDR P High Yield ETF | 1.66% | 276,074 | $6.6M | Reduce -6.0% |
| MBB iShares MBS ETF | 1.66% | 69,755 | $6.5M | Reduce -4.6% |
| NVDA Nvidia Corp. | 1.64% | 41,078 | $6.5M | Reduce -3.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.51% | 13,632 | $6.0M | Add +2.8% |
| XLI SS Industrial Select Sector | 1.48% | 39,759 | $5.9M | Reduce -0.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.35% | 30,201 | $5.3M | Reduce -7.3% |
| SCHG Schwab US Large-Cap Growth | 1.19% | 161,338 | $4.7M | Reduce -2.5% |
| IEMG iShares Core MSCI Emerging | 1.19% | 78,204 | $4.7M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 1.13% | 64,258 | $4.5M | Reduce -0.2% |
| SGOV iShares 0-3 Month Treasury B | 1.12% | 43,930 | $4.4M | Add +100.6% |
| XLP SS Consumer Staples Sel Sect | 1.12% | 54,493 | $4.4M | Reduce -8.9% |
| AAPL Apple Inc. | 1.06% | 20,409 | $4.2M | New |
| PFF iShares Preferred & Income S | 0.98% | 126,090 | $3.9M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.95% | 13,025 | $3.8M | Reduce -0.1% |
| GOOGL Alphabet Inc. Class A | 0.95% | 21,365 | $3.8M | Add +0.9% |
| AGG iShares Core U.S. Aggregate | 0.92% | 36,593 | $3.6M | Reduce -1.9% |
| XLE SS Energy Select Sector | 0.88% | 41,065 | $3.5M | Add +10.3% |
| AMZN Amazon.com Inc. | 0.78% | 14,120 | $3.1M | New |
| PEP Pepsico Inc. | 0.75% | 22,579 | $3.0M | Add +0.6% |
| SCHA Schwab US Small-Cap ETF | 0.74% | 115,261 | $2.9M | Reduce -3.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.68% | 32,934 | $2.7M | Add +8.8% |
| ORCL Oracle Corp. | 0.57% | 10,299 | $2.3M | Add +0.1% |
| IEF iShares 7-10 Year Treasury B | 0.56% | 23,325 | $2.2M | Add +0.1% |
| ITA iShares U.S. Aerospace & Def | 0.55% | 11,634 | $2.2M | Reduce -5.8% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.54% | 40,320 | $2.1M | No change |
| XLRE SS Real Estate Select Sector | 0.49% | 46,631 | $1.9M | Reduce -1.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.47% | 6,352 | $1.9M | Add +0.3% |
| SCHM Schwab US Mid Cap ETF | 0.47% | 65,912 | $1.8M | Reduce -11.5% |
| V Visa Inc. Class A | 0.46% | 5,082 | $1.8M | Reduce -3.4% |
| XLB SS Materials Select Sector | 0.44% | 19,964 | $1.8M | Add +0.5% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.43% | 56,960 | $1.7M | Add +0.0% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.41% | 5,852 | $1.6M | Add +4.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.39% | 5,073 | $1.5M | Reduce -0.8% |
| IJR iShares Core S&P Small-Cap E | 0.39% | 14,045 | $1.5M | Reduce -0.7% |
| IJH iShares Core S&P Midcap ETF | 0.38% | 24,105 | $1.5M | Add +0.0% |
| IVW iShares S&P 500 Growth ETF | 0.38% | 13,492 | $1.5M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.36% | 11,451 | $1.4M | Reduce -2.2% |
| XOM Exxon Mobil Corp. | 0.34% | 12,322 | $1.3M | Add +0.5% |
| SPLV Invesco S&P 500 Low Volatili | 0.34% | 18,228 | $1.3M | No change |
| WMT Walmart Inc. | 0.34% | 13,569 | $1.3M | Reduce -16.9% |
| C Citigroup Inc. | 0.33% | 15,165 | $1.3M | Add +0.1% |
| HON Honeywell International Inc. | 0.33% | 5,539 | $1.3M | Reduce -2.2% |
| CMI Cummins Inc. | 0.33% | 3,930 | $1.3M | Reduce -4.3% |
| COST Costco Wholesale Corp. | 0.32% | 1,293 | $1.3M | Reduce -12.3% |
| JNJ Johnson & Johnson | 0.32% | 8,224 | $1.3M | Reduce -18.0% |
| DUK Duke Energy Corp. | 0.30% | 10,028 | $1.2M | Add +0.5% |
| YUM Yum! Brands Inc. | 0.30% | 7,976 | $1.2M | No change |
| JCI Johnson Controls Internation | 0.28% | 10,382 | $1.1M | Reduce -0.1% |
| PG The Procter & Gamble Co. | 0.28% | 6,882 | $1.1M | Add +0.3% |
| MRK Merck & Co. Inc. | 0.27% | 13,251 | $1.0M | Reduce -7.1% |
| HD Home Depot Inc. | 0.26% | 2,824 | $1.0M | Reduce -2.9% |
| GLD SPDR Gold Shares | 0.26% | 3,391 | $1.0M | Add +30.2% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.24% | 15,312 | $967K | Reduce -16.5% |
| USB US Bancorp | 0.24% | 20,968 | $949K | Reduce -0.4% |
| EQWL Invesco S&P 100 Equal Weight | 0.24% | 8,498 | $935K | Reduce -20.4% |
| SCHH Schwab US REIT ETF | 0.23% | 42,110 | $891K | Reduce -5.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.22% | 3,616 | $857K | No change |
| QCOM Qualcomm Inc. | 0.21% | 5,262 | $838K | Reduce -22.3% |
| CVX Chevron Corp. | 0.21% | 5,784 | $828K | Reduce -9.4% |
| META Meta Platforms Inc. Class A | 0.20% | 1,078 | $796K | Add +7.3% |
| ABBV Abbvie Inc. | 0.20% | 4,247 | $788K | Add +61.4% |
| TMO Thermo Fisher Scientific Inc. | 0.18% | 1,799 | $730K | Reduce -0.9% |
| WFC Wells Fargo & Co. | 0.18% | 8,835 | $708K | Add +1.3% |
| MDT Medtronic PLC | 0.17% | 7,824 | $682K | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.17% | 8,328 | $662K | Reduce -0.5% |
| TXN Texas Instruments Inc. | 0.17% | 3,168 | $658K | Add +1.9% |
| MCD McDonald's Corp. | 0.16% | 2,193 | $641K | Add +2.3% |
| LOW Lowe's Cos Inc. | 0.16% | 2,869 | $637K | Add +0.0% |
| CMCSA Comcast Corp. Class A | 0.16% | 17,718 | $632K | Add +0.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.16% | 7,030 | $624K | Reduce -2.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 2,188 | $612K | No change |
| GLTR Abrdn Precious Metals Basket | 0.14% | 4,090 | $565K | New |
| SCHB Schwab US Broad Market ETF | 0.14% | 23,700 | $565K | Reduce -22.1% |
| SPGI S&P Global Inc. | 0.14% | 1,050 | $553K | Reduce -3.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 2,409 | $546K | Add +1.2% |
| COP Conocophillips | 0.14% | 6,044 | $542K | Reduce -10.5% |
| IWM iShares Russell 2000 ETF | 0.14% | 2,509 | $541K | No change |
| SU Suncor Energy Inc. | 0.13% | 13,616 | $510K | Reduce -0.3% |
| AER Aercap Holdings NV | 0.13% | 4,262 | $499K | Reduce -7.4% |
| PNC PNC Financial Services Group | 0.12% | 2,619 | $488K | Add +2.1% |
| PLD Prologis Inc. | 0.12% | 4,503 | $473K | Add +0.7% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.12% | 22,654 | $471K | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $17K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | 426 | $17K | Reduce -23.7% |
Total filed on the 13F, all lines: $395.6M.
Portfolio Sells Q1 2025 → Q2 2025
| RSPD Invesco S&P 500 Equal Weight | Reduce -89.7% | 0.08% | −0.68 |
| SCHD Schwab US DVD Equity ETF | Reduce -5.1% | 3.18% | −0.67 |
| LLY Eli Lilly & Co. | Reduce -1.6% | 3.48% | −0.60 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -4.1% | 2.65% | −0.35 |
| MBB iShares MBS ETF | Reduce -4.6% | 1.66% | −0.23 |
| SPHY SS SPDR P High Yield ETF | Reduce -6.0% | 1.66% | −0.23 |
| XLP SS Consumer Staples Sel Sect | Reduce -8.9% | 1.12% | −0.23 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.3% | 2.70% | −0.22 |
| VCIT Vanguard Int-Term Corporate | Reduce -2.0% | 2.24% | −0.21 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -7.3% | 1.35% | −0.20 |
| RSP Invesco S&P 500 Equal Weight | Reduce -1.4% | 2.97% | −0.16 |
| JNJ Johnson & Johnson | Reduce -18.0% | 0.32% | −0.14 |
| PFE Pfizer Inc. | Reduce -53.7% | 0.09% | −0.13 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -5.2% | 3.29% | −0.13 |
| NEE Nextera Energy Inc. | Reduce -0.2% | 1.13% | −0.13 |
| AGG iShares Core U.S. Aggregate | Reduce -1.9% | 0.92% | −0.10 |
| PFF iShares Preferred & Income S | Reduce -0.2% | 0.98% | −0.09 |
| MRK Merck & Co. Inc. | Reduce -7.1% | 0.27% | −0.09 |
| CVX Chevron Corp. | Reduce -9.4% | 0.21% | −0.08 |
| QCOM Qualcomm Inc. | Reduce -22.3% | 0.21% | −0.07 |
| SCHM Schwab US Mid Cap ETF | Reduce -11.5% | 0.47% | −0.07 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -20.4% | 0.24% | −0.07 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 0.18% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -12.3% | 0.32% | −0.06 |
| WMT Walmart Inc. | Reduce -16.9% | 0.34% | −0.06 |
| COP Conocophillips | Reduce -10.5% | 0.14% | −0.06 |
| XLRE SS Real Estate Select Sector | Reduce -1.3% | 0.49% | −0.06 |
| V Visa Inc. Class A | Reduce -3.4% | 0.46% | −0.05 |
| NKE Nike Inc. Class B | Reduce -71.9% | 0.02% | −0.05 |
| JPST JPMorgan Ultra-Short Income | Reduce -41.4% | 0.05% | −0.04 |
| SCHH Schwab US REIT ETF | Reduce -5.1% | 0.23% | −0.04 |
| SCHB Schwab US Broad Market ETF | Reduce -22.1% | 0.14% | −0.04 |
| SCHA Schwab US Small-Cap ETF | Reduce -3.8% | 0.74% | −0.04 |
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -16.5% | 0.24% | −0.03 |
| HD Home Depot Inc. | Reduce -2.9% | 0.26% | −0.03 |
| CMI Cummins Inc. | Reduce -4.3% | 0.33% | −0.03 |
| SLB SLB Ltd. | Reduce -1.1% | 0.08% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.5% | 2.62% | −0.03 |
| MDT Medtronic PLC | Reduce -0.3% | 0.17% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.7% | 0.39% | −0.02 |
| SU Suncor Energy Inc. | Reduce -0.3% | 0.13% | −0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -0.5% | 0.17% | −0.01 |
| VNLA Janus Henderson Short Durati | Reduce -6.8% | 0.08% | −0.01 |
| SPGI S&P Global Inc. | Reduce -3.8% | 0.14% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -19.5% | 0.03% | −0.01 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -2.9% | 0.16% | −0.01 |
| EQIX Equinix Inc. | Reduce -1.5% | 0.05% | −0.01 |
| ADBE Adobe Inc. | Reduce -1.9% | 0.05% | −0.01 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.01 |
| VDC Vanguard Consumer Staple ETF | Reduce -2.9% | 0.04% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| VGT Vanguard Info Tech ETF | Add +5.9% | 7.78% | +1.24 |
| AAPL Apple Inc. | New | 1.06% | +1.06 |
| AMZN Amazon.com Inc. | New | 0.78% | +0.78 |
| XLY SS Consumer Disc Select Sect | Add +43.4% | 2.11% | +0.66 |
| SGOV iShares 0-3 Month Treasury B | Add +100.6% | 1.12% | +0.51 |
| ORCL Oracle Corp. | Add +0.1% | 0.57% | +0.17 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.8% | 1.51% | +0.16 |
| IVV iShares Core S&P 500 ETF | Add +7.5% | 1.75% | +0.15 |
| GLTR Abrdn Precious Metals Basket | New | 0.14% | +0.14 |
| BCI Abrdn Bloomberg All Commodit | New | 0.12% | +0.12 |
| XLC SS Comm Select Sector SPDR | Add +1.0% | 2.49% | +0.10 |
| VFH Vanguard Financials ETF | Add +5.0% | 3.38% | +0.09 |
| TSN Tyson Foods Inc. Class A | New | 0.09% | +0.09 |
| ADP Automatic Data Processing | New | 0.07% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.07% | +0.07 |
| ABT Abbott Laboratories | New | 0.07% | +0.07 |
| GLD SPDR Gold Shares | Add +30.2% | 0.26% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.9% | 0.95% | +0.05 |
| ABBV Abbvie Inc. | Add +61.4% | 0.20% | +0.05 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| BDX Becton Dickinson and Co. | New | 0.05% | +0.05 |
| META Meta Platforms Inc. Class A | Add +7.3% | 0.20% | +0.04 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.47% | +0.04 |
| IVW iShares S&P 500 Growth ETF | Add +0.0% | 0.38% | +0.03 |
| BMO Bank of Montreal | New | 0.03% | +0.03 |
| C Citigroup Inc. | Add +0.1% | 0.33% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.2% | 0.14% | +0.03 |
| AMGN Amgen Inc. | New | 0.03% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +8.8% | 0.68% | +0.02 |
| APA Apa Corp. | Add +83.4% | 0.07% | +0.02 |
| APD Air Products & Chemicals Inc. | New | 0.02% | +0.02 |
| VBK Van Morst SML-Cap Gro-Usd Inc. | Add +4.5% | 0.41% | +0.02 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| FTNT Fortinet Inc. | New | 0.02% | +0.02 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| TXN Texas Instruments Inc. | Add +1.9% | 0.17% | +0.01 |
| VGIT Vanguard Intermediate-Term T | New | 0.01% | +0.01 |
| BIDU Baidu Inc. - Spon ADR | New | 0.01% | +0.01 |
| XLK SS Technology Select Sector | Add +16.6% | 0.04% | +0.01 |
| CGON CG Oncology Inc. | New | 0.01% | +0.01 |
| MTUM iShares MSCI USA Momentum Fa | Add +65.5% | 0.02% | +0.01 |
| EL Estee Lauder Companies Class A | Add +51.3% | 0.02% | +0.01 |
| QUAL iShares MSCI USA Quality Fac | Add +76.8% | 0.02% | +0.01 |
| WFC Wells Fargo & Co. | Add +1.3% | 0.18% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +18.6% | 0.02% | +0.01 |
| EWTX Edgewise Therapeutics Inc. | New | 0.00% | +0.00 |
| ALL Allstate Corp. | New | 0.00% | +0.00 |
| PM Philip Morris International | Add +6.9% | 0.03% | +0.00 |
| XOP SS SPDR S&P Og Exp & Prod | Add +84.4% | 0.01% | +0.00 |
| ARCT Arcturus Therapeutics Holdin | New | 0.00% | +0.00 |
Notes & Other Activity Q1 2025 → Q2 2025
| NEXTERA ENERGY INC (NEE 6.926 09/01/25) | UNIT 09/01/2025 | Reduce -23.7% | 426 | $17K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |