Tradewinds Capital Management, LLC
Long book
$503.5M
Q1 2026
Positions
719
Top-10 weight
64%
concentration
Last quarter
+4.9%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsTradewinds Capital Management, LLC is a wealth-management firm allocating client money, specialised in financials (60% of the long book), running a $503.5M US long book across 719 positions.
The portfolio is concentrated: the top 10 names carry 64% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: ISHARES GSCI COMMODITY DYNAM, STATE STREET SPDR S&P GLOBAL, SPDR GOLD MINISHARES TRUST, ISHARES MSCI SOUTH KOREA ETF, ISHARES MSCI SPAIN ETF.
Over the last 9 quarters its long book ran on average 0.9pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+0.3%
Q2 2024
+6.4%
Q3 2024
-0.8%
Q4 2024
+0.4%
Q1 2025
+8.4%
Q2 2025
+8.0%
Q3 2025
+3.1%
Q4 2025
+1.5%
Q1 2026
+4.9%
Sector allocation
Technology 38%
Consumer discretionary 14%
Industrials 12%
Financials 12%
Healthcare 9%
Energy 5%
Utilities 4%
Materials 2%
Long book by quarter
What does Tradewinds Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MSFT MICROSOFT CORP | Technology | 25.5K | $9.5M | 1.9% | +0.3% |
| AAPL APPLE INC | Technology | 16.4K | $4.2M | 0.8% | -0.5% |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.9K | $2.9M | 0.6% | -0.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 11.3K | $2.8M | 0.5% | -11.1% |
| XOM EXXON MOBIL CORP | Energy | 13.5K | $2.3M | 0.5% | +0.2% |
| GOOG ALPHABET INC-CL C | Technology | 6.9K | $2.0M | 0.4% | -0.3% |
| NVDA NVIDIA CORP | Technology | 11.0K | $1.9M | 0.4% | +0.9% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 6.9K | $1.6M | 0.3% | -7.0% |
| MU MICRON TECHNOLOGY INC | Technology | 4.3K | $1.5M | 0.3% | -0.3% |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 2 | $1.4M | 0.3% | Held |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 1.4K | $1.4M | 0.3% | -2.5% |
| VMI VALMONT INDUSTRIES | Industrials | 2.8K | $1.1M | 0.2% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.3K | $1.1M | 0.2% | -0.3% |
| SBUX STARBUCKS CORP | Consumer discretionary | 10.8K | $971K | 0.2% | 0.0% |
| ABT ABBOTT LABORATORIES | Healthcare | 8.8K | $900K | 0.2% | +0.2% |
| ABBV ABBVIE INC | Healthcare | 3.5K | $761K | 0.2% | -0.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 4.8K | $686K | 0.1% | +0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 2.4K | $684K | 0.1% | +0.4% |
| XEL XCEL ENERGY INC | Utilities | 8.5K | $673K | 0.1% | Held |
| WAFD WAFD INC | Financials | 19.0K | $597K | 0.1% | Held |
| WMT WALMART INC | Consumer discretionary | 4.8K | $594K | 0.1% | +0.5% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 6.0K | $590K | 0.1% | Held |
| WFC WELLS FARGO & CO | Financials | 7.4K | $586K | 0.1% | +0.2% |
| OKE ONEOK INC | Utilities | 6.1K | $553K | 0.1% | Held |
| BAC BANK OF AMERICA CORP | Financials | 11.3K | $549K | 0.1% | 0.0% |
| MCD MCDONALD'S CORP | Consumer discretionary | 1.8K | $549K | 0.1% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.9K | $549K | 0.1% | +0.4% |
| GWW WW GRAINGER INC | Consumer discretionary | 500 | $545K | 0.1% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 4.3K | $515K | 0.1% | Held |
| TEL TE CONNECTIVITY PLC | Consumer discretionary | 2.2K | $459K | 0.1% | Held |
| TEM TEMPUS AI INC-CL A | Technology | 10.0K | $452K | 0.1% | +49900.0% |
| ENB ENBRIDGE INC | Energy | 8.3K | $451K | 0.1% | +0.1% |
| UNP UNION PACIFIC CORP | Industrials | 1.9K | $450K | 0.1% | Held |
| TRV TRAVELERS COS INC/THE | Financials | 1.5K | $447K | 0.1% | Held |
| BANR BANNER CORPORATION | Financials | 7.0K | $424K | 0.1% | Held |
| BA BOEING CO/THE | Industrials | 2.1K | $411K | 0.1% | -2.5% |
| GLW CORNING INC | Industrials | 3.0K | $409K | 0.1% | +0.2% |
| TLRY TILRAY BRANDS INC | Materials | 60.4K | $391K | 0.1% | 0.0% |
| CAT CATERPILLAR INC | Industrials | 529 | $375K | 0.1% | +0.4% |
| SMCI SUPER MICRO COMPUTER INC | Technology | 15.7K | $358K | 0.1% | Held |
| PEP PEPSICO INC | Consumer staples | 2.1K | $327K | 0.1% | +1.5% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 1.1K | $302K | 0.1% | Held |
| TSLA TESLA INC | Industrials | 775 | $288K | 0.1% | -23.6% |
| CSCO CISCO SYSTEMS INC | Technology | 3.5K | $271K | 0.1% | +1.3% |
| RTX RTX CORP | Industrials | 1.3K | $255K | 0.1% | -22.0% |
| CVX CHEVRON CORP | Energy | 1.2K | $253K | 0.1% | -0.9% |
| DIS WALT DISNEY CO/THE | Services media | 2.6K | $252K | 0.1% | -0.6% |
| ORCL ORACLE CORP | Technology | 1.7K | $248K | 0.0% | +8.1% |
| DE DEERE & CO | Industrials | 435 | $245K | 0.0% | Held |
| DUK DUKE ENERGY CORP | Utilities | 1.8K | $240K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 719 | $503.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 686 | $474.2M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 21, 2025 | 679 | $445.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 642 | $397.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 25, 2025 | 665 | $373.1M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 669 | $378.9M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 16, 2024 | 617 | $373.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 18, 2024 | 592 | $339.0M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 554 | $361.8M | canonical | SEC ↗ |