Winthrop Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), Winthrop Capital Management, LLC reported 363 stock positions worth $429.1 million. Its top holding was Vanguard Info Tech ETF (VGT) at 8.1% of the portfolio, followed by SS SPDR P St C Corp. ETF (SPSB, 4.8%) and Eli Lilly (LLY, 4.5%). Compared with Q3 2025, it opened 60 new positions, sold out of 36, added to 69 and reduced 101. The biggest buy was a new position in Apple (AAPL) and the biggest sale Vanguard Info Tech ETF (VGT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- Carmel, IN
- CIK
- 0002010657
- Portfolio Value
- $429.1M (Q4 2025)
- SEC Filing
- 0001999371-26-002954 ↗ filed Feb 10, 2026
Holdings Value
Holdings 363 stocks · $429.1M
| VGT Vanguard Info Tech ETF | 8.10% | 46,099 | $34.7M | Reduce -0.4% |
| SPSB SS SPDR P St C Corp. ETF | 4.84% | 687,887 | $20.8M | Add +0.9% |
| LLY Eli Lilly & Co. | 4.46% | 17,798 | $19.1M | Reduce -0.2% |
| SCHX Schwab US Large-Cap ETF | 4.14% | 660,723 | $17.8M | Add +1.5% |
| VFH Vanguard Financials ETF | 3.25% | 104,442 | $13.9M | Reduce -1.2% |
| IEFA iShares Core MSCI Eafe ETF | 3.18% | 152,660 | $13.7M | Reduce -2.8% |
| SCHD Schwab US DVD Equity ETF | 3.07% | 480,369 | $13.2M | Reduce -0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.88% | 18,154 | $12.4M | Add +0.0% |
| RSP Invesco S&P 500 Equal Weight | 2.76% | 61,855 | $11.8M | Reduce -5.6% |
| XLC SS Comm Select Sector SPDR | 2.54% | 92,430 | $10.9M | Add +1.3% |
| USMV iShares MSCI USA Min Vol Fac | 2.47% | 112,484 | $10.6M | Reduce -3.3% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 2.38% | 92,649 | $10.2M | Reduce -0.4% |
| XLV SS Health Care Select Sector | 2.32% | 64,303 | $10.0M | Reduce -0.2% |
| VCIT Vanguard Int-Term Corporate | 2.29% | 117,458 | $9.8M | Reduce -1.9% |
| XLY SS Consumer Disc Select Sect | 2.17% | 77,960 | $9.3M | Add +0.6% |
| SCHF Schwab Intl Equity ETF | 1.98% | 354,164 | $8.5M | Add +2.3% |
| IVV iShares Core S&P 500 ETF | 1.81% | 11,318 | $7.8M | Reduce -7.8% |
| NVDA Nvidia Corp. | 1.71% | 39,262 | $7.3M | Reduce -4.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 1.59% | 13,961 | $6.8M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.49% | 20,479 | $6.4M | Reduce -6.9% |
| SPHY SS SPDR P High Yield ETF | 1.49% | 270,398 | $6.4M | Reduce -2.4% |
| MSFT Microsoft Corp. | 1.48% | 13,174 | $6.4M | Reduce -4.0% |
| XLI SS Industrial Select Sector | 1.46% | 40,414 | $6.3M | Add +0.2% |
| MBB iShares MBS ETF | 1.44% | 65,064 | $6.2M | Reduce -4.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.39% | 31,135 | $5.9M | Reduce -1.1% |
| AAPL Apple Inc. | 1.26% | 19,925 | $5.4M | New |
| SGOV iShares 0-3 Month Treasury B | 1.21% | 51,579 | $5.2M | Reduce -14.1% |
| NEE Nextera Energy Inc. | 1.19% | 63,760 | $5.1M | Reduce -0.6% |
| IEMG iShares Core MSCI Emerging | 1.18% | 75,167 | $5.1M | Reduce -4.1% |
| SCHG Schwab US Large-Cap Growth | 1.18% | 154,587 | $5.0M | Reduce -1.3% |
| XLP SS Consumer Staples Sel Sect | 1.01% | 55,983 | $4.3M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 0.90% | 11,999 | $3.9M | Reduce -9.2% |
| XLE SS Energy Select Sector | 0.87% | 83,491 | $3.7M | Reduce -0.4% |
| AGG iShares Core U.S. Aggregate | 0.76% | 32,506 | $3.2M | Reduce -19.9% |
| PEP Pepsico Inc. | 0.75% | 22,467 | $3.2M | Reduce -1.1% |
| AMZN Amazon.com Inc. | 0.71% | 13,213 | $3.0M | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.69% | 69,575 | $3.0M | Add +3.9% |
| PFF iShares Preferred & Income S | 0.69% | 95,079 | $2.9M | Reduce -21.0% |
| BITB Bitwise Bitcoin ETF | 0.60% | 53,779 | $2.6M | Add +22784.7% |
| IEF iShares 7-10 Year Treasury B | 0.59% | 26,207 | $2.5M | Add +0.0% |
| SCHA Schwab US Small-Cap ETF | 0.57% | 86,463 | $2.5M | Reduce -7.6% |
| ITA iShares U.S. Aerospace & Def | 0.57% | 11,323 | $2.4M | Reduce -2.6% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.50% | 40,320 | $2.1M | No change |
| ORCL Oracle Corp. | 0.46% | 10,142 | $2.0M | Reduce -3.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.46% | 59,713 | $2.0M | Add +2.5% |
| XLB SS Materials Select Sector | 0.43% | 40,253 | $1.8M | Reduce -0.4% |
| XLRE SS Real Estate Select Sector | 0.42% | 45,000 | $1.8M | Reduce -5.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.42% | 6,105 | $1.8M | Reduce -4.9% |
| VBK Van Morst SML-Cap Gro-Usd Inc. | 0.42% | 5,948 | $1.8M | Reduce -1.7% |
| GLD SPDR Gold Shares | 0.41% | 4,464 | $1.8M | Add +14.4% |
| C Citigroup Inc. | 0.41% | 14,890 | $1.7M | Reduce -3.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 5,128 | $1.7M | Add +1.0% |
| V Visa Inc. Class A | 0.40% | 4,834 | $1.7M | Reduce -8.8% |
| CMI Cummins Inc. | 0.39% | 3,289 | $1.7M | Reduce -20.3% |
| IVW iShares S&P 500 Growth ETF | 0.39% | 13,462 | $1.7M | Reduce -0.2% |
| JNJ Johnson & Johnson | 0.36% | 7,454 | $1.5M | Reduce -12.7% |
| SCHM Schwab US Mid Cap ETF | 0.35% | 50,271 | $1.5M | Reduce -8.0% |
| XOM Exxon Mobil Corp. | 0.35% | 12,438 | $1.5M | Add +0.5% |
| WMT Walmart Inc. | 0.35% | 13,321 | $1.5M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.31% | 4,444 | $1.4M | Reduce -2.0% |
| SPLV Invesco S&P 500 Low Volatili | 0.30% | 18,228 | $1.3M | No change |
| MRK Merck & Co. Inc. | 0.29% | 11,989 | $1.3M | Reduce -12.6% |
| JCI Johnson Controls Internation | 0.28% | 10,171 | $1.2M | Reduce -4.0% |
| YUM Yum! Brands Inc. | 0.28% | 7,976 | $1.2M | No change |
| DUK Duke Energy Corp. | 0.27% | 10,022 | $1.2M | Reduce -1.5% |
| HON Honeywell International Inc. | 0.25% | 5,433 | $1.1M | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.24% | 1,208 | $1.0M | Reduce -12.1% |
| TMO Thermo Fisher Scientific Inc. | 0.24% | 1,764 | $1.0M | Reduce -3.1% |
| USB US Bancorp | 0.23% | 18,446 | $984K | Reduce -5.3% |
| ABBV Abbvie Inc. | 0.22% | 4,216 | $963K | Reduce -2.3% |
| PG The Procter & Gamble Co. | 0.22% | 6,617 | $948K | Reduce -5.0% |
| HD Home Depot Inc. | 0.22% | 2,728 | $939K | Reduce -6.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.22% | 3,616 | $933K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.22% | 8,141 | $926K | Reduce -25.5% |
| SCHH Schwab US REIT ETF | 0.21% | 42,191 | $881K | Add +0.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 0.20% | 12,024 | $874K | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 7,150 | $859K | Reduce -0.5% |
| IJH iShares Core S&P Midcap ETF | 0.20% | 12,952 | $855K | Add +1.2% |
| GLTR Abrdn Precious Metals Basket | 0.20% | 4,090 | $841K | New |
| CVX Chevron Corp. | 0.20% | 5,505 | $839K | Reduce -9.2% |
| UNH Unitedhealth Group Inc. | 0.19% | 2,506 | $827K | Add +0.6% |
| EQWL Invesco S&P 100 Equal Weight | 0.18% | 6,683 | $790K | Reduce -13.3% |
| META Meta Platforms Inc. Class A | 0.18% | 1,189 | $785K | Add +6.3% |
| GOOG Alphabet Inc. Class C | 0.17% | 2,312 | $726K | Reduce -0.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.16% | 8,858 | $706K | Add +5.7% |
| WFC Wells Fargo & Co. | 0.16% | 7,560 | $705K | Reduce -0.3% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.16% | 7,404 | $697K | Add +3.4% |
| LOW Lowe's Cos Inc. | 0.16% | 2,853 | $688K | Reduce -2.6% |
| MCD McDonald's Corp. | 0.16% | 2,186 | $668K | Reduce -0.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.15% | 2,188 | $635K | No change |
| IWM iShares Russell 2000 ETF | 0.14% | 2,514 | $619K | Add +0.2% |
| AER Aercap Holdings NV | 0.14% | 4,164 | $599K | Reduce -4.7% |
| SU Suncor Energy Inc. | 0.14% | 13,394 | $594K | Reduce -3.0% |
| PLD Prologis Inc. | 0.13% | 4,424 | $565K | Reduce -4.1% |
| TXN Texas Instruments Inc. | 0.13% | 3,230 | $560K | Add +1.6% |
| PNC PNC Financial Services Group | 0.13% | 2,667 | $557K | Add +1.4% |
| COP Conocophillips | 0.13% | 5,940 | $556K | Reduce -3.9% |
| SPGI S&P Global Inc. | 0.12% | 967 | $505K | Reduce -11.3% |
| EEM iShares MSCI Emerging Market | 0.11% | 8,333 | $456K | Reduce -9.6% |
| BCI Abrdn Bloomberg All Commodit filed as ABRDN ETFS | 0.10% | 22,654 | $442K | New |
Portfolio Sells Q3 2025 → Q4 2025
| VGT Vanguard Info Tech ETF | Reduce -0.4% | 8.10% | −0.26 |
| SGOV iShares 0-3 Month Treasury B | Reduce -14.1% | 1.21% | −0.26 |
| ORCL Oracle Corp. | Reduce -3.0% | 0.46% | −0.25 |
| RSP Invesco S&P 500 Equal Weight | Reduce -5.6% | 2.76% | −0.24 |
| MSFT Microsoft Corp. | Reduce -4.0% | 1.48% | −0.23 |
| PFF iShares Preferred & Income S | Reduce -21.0% | 0.69% | −0.23 |
| AGG iShares Core U.S. Aggregate | Reduce -19.9% | 0.76% | −0.23 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -3.3% | 2.47% | −0.21 |
| IVV iShares Core S&P 500 ETF | Reduce -7.8% | 1.81% | −0.18 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.9% | 2.29% | −0.14 |
| NVDA Nvidia Corp. | Reduce -4.0% | 1.71% | −0.14 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.8% | 3.18% | −0.13 |
| MBB iShares MBS ETF | Reduce -4.9% | 1.44% | −0.13 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.4% | 2.38% | −0.13 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.6% | 3.07% | −0.12 |
| SPHY SS SPDR P High Yield ETF | Reduce -2.4% | 1.49% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -9.2% | 0.90% | −0.11 |
| VFH Vanguard Financials ETF | Reduce -1.2% | 3.25% | −0.11 |
| DIS The Walt Disney Co. | Reduce -25.5% | 0.22% | −0.09 |
| IEMG iShares Core MSCI Emerging | Reduce -4.1% | 1.18% | −0.07 |
| HD Home Depot Inc. | Reduce -6.1% | 0.22% | −0.07 |
| COST Costco Wholesale Corp. | Reduce -12.1% | 0.24% | −0.07 |
| XLRE SS Real Estate Select Sector | Reduce -5.2% | 0.42% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -1.6% | 1.59% | −0.06 |
| SCHA Schwab US Small-Cap ETF | Reduce -7.6% | 0.57% | −0.06 |
| XLP SS Consumer Staples Sel Sect | Reduce -0.3% | 1.01% | −0.05 |
| MU Micron Technology Inc. | Reduce -96.3% | 0.00% | −0.05 |
| V Visa Inc. Class A | Reduce -8.8% | 0.40% | −0.04 |
| HON Honeywell International Inc. | Reduce -3.7% | 0.25% | −0.04 |
| SCHM Schwab US Mid Cap ETF | Reduce -8.0% | 0.35% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -5.0% | 0.22% | −0.04 |
| XLE SS Energy Select Sector | Reduce -0.4% | 0.87% | −0.04 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.1% | 1.39% | −0.03 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.3% | 1.18% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -17.8% | 0.10% | −0.03 |
| CVX Chevron Corp. | Reduce -9.2% | 0.20% | −0.03 |
| DUK Duke Energy Corp. | Reduce -1.5% | 0.27% | −0.03 |
| CMI Cummins Inc. | Reduce -20.3% | 0.39% | −0.03 |
| EQWL Invesco S&P 100 Equal Weight | Reduce -13.3% | 0.18% | −0.03 |
| VNLA Janus Henderson Short Durati | Reduce -82.1% | 0.01% | −0.03 |
| JANX Janux Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -27.0% | 0.06% | −0.02 |
| SLB SLB Ltd. | Reduce -34.0% | 0.06% | −0.02 |
| JNJ Johnson & Johnson | Reduce -12.7% | 0.36% | −0.02 |
| PPG PPG Industries Inc. | Reduce -27.8% | 0.05% | −0.02 |
| ITA iShares U.S. Aerospace & Def | Reduce -2.6% | 0.57% | −0.02 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -27.0% | 0.04% | −0.02 |
| PEP Pepsico Inc. | Reduce -1.1% | 0.75% | −0.02 |
| EQIX Equinix Inc. | Reduce -33.0% | 0.03% | −0.02 |
| LOW Lowe's Cos Inc. | Reduce -2.6% | 0.16% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| AAPL Apple Inc. | New | 1.26% | +1.26 |
| AMZN Amazon.com Inc. | New | 0.71% | +0.71 |
| BITB Bitwise Bitcoin ETF | Add +22784.7% | 0.60% | +0.59 |
| GLTR Abrdn Precious Metals Basket | New | 0.20% | +0.20 |
| BCI Abrdn Bloomberg All Commodit | New | 0.10% | +0.10 |
| GLD SPDR Gold Shares | Add +14.4% | 0.41% | +0.08 |
| FDS Factset Research Systems Inc. | New | 0.07% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.07% | +0.07 |
| ADP Automatic Data Processing | New | 0.06% | +0.06 |
| ABT Abbott Laboratories | New | 0.06% | +0.06 |
| AMAT Applied Materials Inc. | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | New | 0.04% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +2.3% | 1.98% | +0.03 |
| BMO Bank of Montreal | New | 0.03% | +0.03 |
| BDX Becton Dickinson and Co. | New | 0.03% | +0.03 |
| FTNT Fortinet Inc. | New | 0.03% | +0.03 |
| DTCR Global X Data Center & Digit | New | 0.02% | +0.02 |
| AXP American Express Co. | New | 0.02% | +0.02 |
| APD Air Products & Chemicals Inc. | New | 0.02% | +0.02 |
| AEP American Electric Power | New | 0.01% | +0.01 |
| BIDU Baidu Inc. - Spon ADR | New | 0.01% | +0.01 |
| ACN Accenture PLC Class A | Add +89.7% | 0.02% | +0.01 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.35% | +0.01 |
| IPO Renaissance Ipo ETF | Add +117.4% | 0.02% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +85.2% | 0.03% | +0.01 |
| GSK GSK PLC-Spon ADR | Add +2.8% | 0.05% | +0.01 |
| SBUX Starbucks Corp. | Add +2083.3% | 0.01% | +0.00 |
| MP MP Materials Corp. | Add +1050.0% | 0.01% | +0.00 |
| EL Estee Lauder Companies Class A | Add +0.1% | 0.03% | +0.00 |
| TSN Tyson Foods Inc. Class A | Add +0.6% | 0.09% | +0.00 |
| ALL Allstate Corp. | New | 0.00% | +0.00 |
| AMD Advanced Micro Devices | New | 0.00% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +5.7% | 0.16% | +0.00 |
| VTC Vanguard Total Corporate BND | Add +11.4% | 0.04% | +0.00 |
| PNC PNC Financial Services Group | Add +1.4% | 0.13% | +0.00 |
| VOO Vanguard S&P 500 ETF | New | 0.00% | +0.00 |
| BITW Bitwise 10 Crypto Index ETF | New | 0.00% | +0.00 |
| AMGN Amgen Inc. | New | 0.00% | +0.00 |
| LULU Lululemon Athletica Inc. | Add +0.4% | 0.01% | +0.00 |
| RBLX Roblox Corp. Class A | Add +341.2% | 0.00% | +0.00 |
| CCL Carnival Corp. | Add +25.2% | 0.00% | +0.00 |
| ALNY Alnylam Pharmaceuticals Inc. | New | 0.00% | +0.00 |
| AR Antero Resources Corp. | New | 0.00% | +0.00 |
| DAY Dayforce Inc. | New | 0.00% | +0.00 |
| CL Colgate-Palmolive Co. | New | 0.00% | +0.00 |
| EXPE Expedia Group Inc. | New | 0.00% | +0.00 |
| FSLR First Solar Inc. | New | 0.00% | +0.00 |
| GWW WW Grainger Inc. | New | 0.00% | +0.00 |
| FWONA Liberty Media Corp. Class A | New | 0.00% | +0.00 |
| MPC Marathon Petroleum Corp. | New | 0.00% | +0.00 |
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 |