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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Winthrop Capital Management, LLC

Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001999371-25-017607

Total Value
$413,477
Positions
338
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (338)

#IssuerTicker / CUSIPSharesValue% of Filing
1VANGUARD WORLD FD92204A70246,264$34,5428.35%
2SPDR SERIES TRUST78464A474681,706$20,6494.99%
3SCHWAB STRATEGIC TR808524201651,164$17,1524.15%
4VANGUARD WORLD FD92204A405105,693$13,8713.35%
5ISHARES TR46432F842157,019$13,7093.32%
6ELI LILLY & COLLY17,835$13,6083.29%
7SCHWAB STRATEGIC TR808524797483,039$13,1873.19%
8INVESCO EXCHANGE TRADED FD TIVZ65,522$12,4293.01%
9SPDR S&P 500 ETF TRSPY18,153$12,0932.92%
10ISHARES TR46429B697116,373$11,0722.68%
11SELECT SECTOR SPDR TR81369Y85291,232$10,7992.61%
12ISHARES TR46428724293,032$10,3702.51%
13VANGUARD SCOTTSDALE FDS92206C870119,785$10,0752.44%
14SELECT SECTOR SPDR TR81369Y40738,733$9,2822.24%
15SELECT SECTOR SPDR TR81369Y20964,419$8,9652.17%
16ISHARES TR46428720012,273$8,2141.99%
17SCHWAB STRATEGIC TR808524805346,249$8,0611.95%
18NVIDIA CORPORATIONNVDA40,921$7,6351.85%
19MICROSOFT CORPMSFT13,727$7,1101.72%
20VANGUARD INDEX FDS92290873614,183$6,8021.65%
21SPDR SERIES TRUST78468R606276,940$6,6301.60%
22ISHARES TR46428858868,439$6,5121.57%
23SELECT SECTOR SPDR TR81369Y70440,348$6,2231.51%
24ISHARES TR46436E71860,038$6,0461.46%
25VANGUARD INDEX FDS92290874431,491$5,8731.42%
26ALPHABET INCGOOG21,987$5,3451.29%
27ISHARES INC46434G10378,362$5,1661.25%
28SCHWAB STRATEGIC TR808524300156,558$4,9961.21%
29NEXTERA ENERGY INCNEE-PW64,132$4,8411.17%
30SELECT SECTOR SPDR TR81369Y30856,132$4,3991.06%
31JPMORGAN CHASE & CO.VYLD13,208$4,1661.01%
32ISHARES TR46428722640,593$4,0690.98%
33ISHARES TR464288687120,351$3,8050.92%
34SELECT SECTOR SPDR TR81369Y50641,903$3,7440.91%
35PEPSICO INCPEP22,707$3,1890.77%
36ORACLE CORPORCL-PD10,461$2,9420.71%
37SELECT SECTOR SPDR TR81369Y88633,474$2,9190.71%
38SCHWAB STRATEGIC TR80852460793,601$2,6110.63%
39ISHARES TR46428744026,199$2,5270.61%
40ISHARES TR46428876011,631$2,4340.59%
41ISHARES TR46428864640,320$2,1380.52%
42SELECT SECTOR SPDR TR81369Y86047,445$1,9990.48%
43SCHWAB STRATEGIC TR80852470658,229$1,9430.47%
44INTERNATIONAL BUSINESS MACHSINTR6,420$1,8110.44%
45SELECT SECTOR SPDR TR81369Y10020,209$1,8110.44%
46VISA INCV5,300$1,8090.44%
47VANGUARD INDEX FDS9229085956,049$1,8000.44%
48CUMMINS INCCMI4,128$1,7430.42%
49VANGUARD INDEX FDS9229087695,075$1,6650.40%
50ISHARES TR46428730913,494$1,6290.39%
51SCHWAB STRATEGIC TR80852450854,629$1,6190.39%
52JOHNSON & JOHNSONJNJ8,533$1,5820.38%
53CITIGROUP INCC-PR15,416$1,5650.38%
54EXXON MOBIL CORPXOM12,380$1,3960.34%
55WALMART INCWMT13,537$1,3950.34%
56SPDR GOLD TRGLD3,902$1,3870.34%
57INVESCO EXCH TRADED FD TR IIIVZ18,228$1,3390.32%
58COSTCO WHSL CORP NEW22160K1051,374$1,2720.31%
59TAIWAN SEMICONDUCTOR MFG LTD8740391004,536$1,2670.31%
60DUKE ENERGY CORP NEWDUKB10,173$1,2590.30%
61DISNEY WALT CO25468710610,931$1,2520.30%
62YUM BRANDS INCYUM7,976$1,2120.29%
63HONEYWELL INTL INC4385161065,642$1,1880.29%
64HOME DEPOT INCHD2,904$1,1770.28%
65JOHNSON CTLS INTL PLCG5150210510,596$1,1650.28%
66MERCK & CO INCMRK13,709$1,1510.28%
67PROCTER AND GAMBLE CO7427181096,966$1,0700.26%
68ABBVIE INCABBV4,317$1,0000.24%
69US BANCORP DELUSB-PS19,484$9420.23%
70CHEVRON CORP NEWCVX6,061$9410.23%
71VANGUARD INDEX FDS9229087513,616$9190.22%
72SCHWAB STRATEGIC TR80852484742,143$9090.22%
73INVESCO EXCHANGE TRADED FD TIVZ7,711$8840.21%
74THERMO FISHER SCIENTIFIC INCTMO1,821$8830.21%
75UNITEDHEALTH GROUP INCUNH2,492$8600.21%
76ISHARES TR4642878047,188$8540.21%
77ISHARES TR46428750712,802$8350.20%
78META PLATFORMS INCMETA1,118$8210.20%
79ISHARES INC46434G76412,086$8160.20%
80LOWES COS INC5486611072,929$7360.18%
81SPDR SERIES TRUST78464A2017,159$6750.16%
82VANGUARD SCOTTSDALE FDS92206C4098,381$6700.16%
83MCDONALDS CORPMCD2,199$6680.16%
84VANGUARD INDEX FDS9229086292,188$6430.16%
85WELLS FARGO CO NEW9497461017,584$6360.15%
86ISHARES TR4642876552,509$6070.15%
87CONOCOPHILLIPSCOP6,183$5850.14%
88TEXAS INSTRS INC8825081043,180$5840.14%
89SUNCOR ENERGY INC NEWSU13,806$5770.14%
90ALPHABET INCGOOG2,318$5650.14%
91COMCAST CORP NEWCCZ17,253$5420.13%
92S&P GLOBAL INCSPGI1,090$5310.13%
93AERCAP HOLDINGS NVAER4,368$5290.13%
94PROLOGIS INC.PLDGP4,615$5280.13%
95PNC FINL SVCS GROUP INC6934751052,629$5280.13%
96ISHARES TR4642872349,218$4920.12%
97VANGUARD INDEX FDS9229086112,014$4200.10%
98SCHWAB STRATEGIC TR80852410214,955$3840.09%
99APA CORPORATIONAPA15,635$3800.09%
100QUALCOMM INCQCOM2,217$3690.09%
101ISHARES TR4642874993,716$3590.09%
102PFIZER INCPFE13,986$3560.09%
103DTE ENERGY CODTK2,483$3510.08%
104TYSON FOODS INCTSN6,372$3460.08%
105YUM CHINA HLDGS INCYUMC7,926$3400.08%
106SCHLUMBERGER LTDSLB9,758$3350.08%
107SIMON PPTY GROUP INC NEW8288061091,711$3210.08%
108INVESCO EXCHANGE TRADED FD TIVZ5,235$3020.07%
109ISHARES TR4642895115,748$2960.07%
110PPG INDS INC6935061072,743$2880.07%
111ALIBABA GROUP HLDG LTDBBAAY1,480$2650.06%
112ISHARES TR4642876062,756$2640.06%
113ISHARES TR4642874652,759$2580.06%
114ADOBE INCADBE722$2550.06%
115NOVO-NORDISK A SNONOF4,602$2550.06%
116ISHARES GOLD TRIAU3,422$2490.06%
117LOCKHEED MARTIN CORPLMT490$2440.06%
118VANGUARD WORLD FD92204A603800$2370.06%
119GENERAL MLS INC3703341044,159$2100.05%
120EQUINIX INCEQIX267$2090.05%
121MICRON TECHNOLOGY INCMU1,234$2060.05%
122SELECT SECTOR SPDR TR81369Y803647$1820.04%
123ISHARES TR4642878791,524$1690.04%
124GSK PLCGLAXF3,871$1670.04%
125ILLINOIS TOOL WKS INC452308109637$1660.04%
126VANGUARD SCOTTSDALE FDS92206C5731,975$1550.04%
127SPDR SERIES TRUST78464A3001,704$1510.04%
128JANUS DETROIT STR TR47103U8862,966$1460.04%
129CATERPILLAR INCCAT304$1450.04%
130AT&T INCT-PC4,974$1400.03%
131VANGUARD SPECIALIZED FUNDS921908844624$1350.03%
132VANGUARD WORLD FD92204A207625$1340.03%
133SPDR SERIES TRUST78464A8541,650$1290.03%
134CINTAS CORPCTAS616$1260.03%
135UNION PAC CORPUNP533$1260.03%
136TEVA PHARMACEUTICAL INDS LTD8816242096,000$1210.03%
137ISHARES TR464287622330$1210.03%
138LAUDER ESTEE COS INC5184391041,347$1190.03%
139SHELL PLCRYDAF1,616$1160.03%
140VANGUARD WORLD FD921910733929$1100.03%
141JANUX THERAPEUTICS INCJANX4,327$1060.03%
142ISHARES TR46435G425719$1050.03%
143ISHARES TR464287515885$1020.02%
144ISHARES TR46432F396393$1010.02%
145PHILIP MORRIS INTL INC718172109606$980.02%
146VANGUARD SCOTTSDALE FDS92206C7712,064$970.02%
147VERIZON COMMUNICATIONS INCVZ2,171$950.02%
148ISHARES TR464287614200$940.02%
149ISHARES TR46432F339479$930.02%
150PRICE T ROWE GROUP INCTROW822$840.02%
151TELEFONICA S ATELFY84,445$840.02%
152ISHARES BITCOIN TRUST ETFIBIT1,293$840.02%
153ISHARES TR464287648255$820.02%
154VANECK ETF TRUST92189H2011,663$780.02%
155NIKE INCNKE1,048$730.02%
156MASTERCARD INCORPORATEDMA128$730.02%
157KINDER MORGAN INC DELEP-PC2,543$720.02%
158INVESCO EXCHANGE TRADED FD TIVZ1,200$690.02%
159REALTY INCOME CORPO1,128$690.02%
160ARK ETF TR00214Q104762$660.02%
161ROYAL CARIBBEAN GROUPV7780T103205$660.02%
162CORNING INCGLW768$630.02%
163CG ONCOLOGY INCCGON1,467$590.01%
164VANGUARD WHITEHALL FDS921946406409$580.01%
165SPDR SERIES TRUST78468R663589$540.01%
166EDISON INTL281020107960$530.01%
167GE VERNOVA INCGEV81$500.01%
168ACCENTURE PLC IRELANDACN204$500.01%
169LULULEMON ATHLETICA INCLULU280$500.01%
170ISHARES TR464287663488$490.01%
171SOFI TECHNOLOGIES INCSOFI1,842$490.01%
172ECOLAB INCECL176$480.01%
173VANGUARD SCOTTSDALE FDS92206C706767$460.01%
174ISHARES TR464287432514$460.01%
175SPDR SERIES TRUST78468R556332$440.01%
176ISHARES TR464287168304$430.01%
177VANGUARD WHITEHALL FDS921946794506$430.01%
178NORTHWEST NAT HLDG CO66765N105900$400.01%
179CHIMERA INVT CORP16934Q80240,000$400.01%
180VANGUARD WORLD FD921910725566$390.01%
181TRUIST FINL CORP89832Q109840$380.01%
182INVESCO EXCH TRADED FD TR IIIVZ1,626$380.01%
183SPDR SERIES TRUST78464A3751,075$360.01%
184SCHWAB STRATEGIC TR8085248391,536$360.01%
185ISHARES INC46434G863824$360.01%
186RENAISSANCE CAP GREENWICH FD759937204690$340.01%
187MEDTRONIC PLCMDT343$330.01%
188CHIPOTLE MEXICAN GRILL INCCMG785$310.01%
189ISHARES TR46435G516323$300.01%
190COSTAR GROUP INCCSGP346$290.01%
191VANGUARD BD INDEX FDS921937827347$270.01%
192SPDR SERIES TRUST78468R770225$250.01%
193ISHARES TR464288620485$250.01%
194PALANTIR TECHNOLOGIES INCPLTR126$230.01%
195INVESCO EXCH TRADED FD TR IIIVZ2,024$230.01%
196PELOTON INTERACTIVE INCPTON2,600$230.01%
197EDGEWISE THERAPEUTICS INCEWTX1,377$220.01%
198NEWMONT CORPNEMCL250$210.01%
199NUSHARES ETF TRNU452$200.00%
200ISHARES TR464287556135$190.00%
2013M COMMM120$190.00%
202KIMBERLY-CLARK CORPKMB154$190.00%
203ISHARES TR464287473139$190.00%
204SIRIUSXM HOLDINGS INC829933100760$180.00%
205SCHWAB STRATEGIC TR808524409612$180.00%
206SPDR SERIES TRUST78468R887142$180.00%
207SNOWFLAKE INCSNOW70$160.00%
208TESLA INCTSLA36$160.00%
209SPDR SERIES TRUST78468R739336$160.00%
210BITWISE BITCOIN ETF TRBITB235$150.00%
211GLOBAL X FDS37954Y657768$150.00%
212SPDR SERIES TRUST78468R549200$140.00%
213VANGUARD BD INDEX FDS921937819178$140.00%
214ISHARES TR464288356242$140.00%
215FIRST TR EXCHANGE-TRADED FD33733B100115$130.00%
216FIRST INTERNET BANCORPINBKZ594$130.00%
217PYXIS ONCOLOGY INCPYXS6,000$130.00%
218ISHARES TR46435U549216$100.00%
219INVESCO EXCH TRADED FD TR IIIVZ360$100.00%
220CROWDSTRIKE HLDGS INCCRWD18$90.00%
221ISHARES TR46435G243365$90.00%
222ISHARES TR46428866173$90.00%
223PROSHARES TR74347G184502$90.00%
224VANGUARD INTL EQUITY INDEX F922042858148$80.00%
225CARNIVAL CORPCUKPF286$80.00%
226UNITED AIRLS HLDGS INCUNTCW79$80.00%
227BRISTOL-MYERS SQUIBB COCELG-RI152$70.00%
228NU HLDGS LTDNU421$70.00%
229ISHARES TR46428769753$60.00%
230INVESCO EXCH TRADED FD TR IIIVZ292$60.00%
231VANECK ETF TRUST92189H409124$60.00%
232VANGUARD MUN BD FDS922907746114$60.00%
233MONSTER BEVERAGE CORP NEWMNST83$60.00%
234VERTIV HOLDINGS COVRT38$60.00%
235NORWEGIAN CRUISE LINE HLDG LNCLH200$50.00%
236VANGUARD INDEX FDS92290855357$50.00%
237GLOBAL X FDS37954Y715146$50.00%
238ISHARES TR46428877895$50.00%
239ISHARES TR46435U85398$40.00%
240SCHWAB STRATEGIC TR808524870132$40.00%
241OKTA INCOKTA49$40.00%
242SS&C TECHNOLOGIES HLDGS INCSSNC44$40.00%
243VANGUARD INTL EQUITY INDEX F92204271826$40.00%
244VANGUARD INTL EQUITY INDEX F92204267662$30.00%
245LUMEN TECHNOLOGIES INCLUMN443$30.00%
246SELECT SECTOR SPDR TR81369Y60550$30.00%
247MP MATERIALS CORPMP40$30.00%
248CARVANA COCVNA7$30.00%
249WEC ENERGY GROUP INCWEC25$30.00%
250VANGUARD CHARLOTTE FDS92203J40767$30.00%
251DOLLAR TREE INCDLTR35$30.00%
252INTUITINTU4$30.00%
253ALTRIA GROUP INCMO31$20.00%
254MEDPACE HLDGS INCMEDP4$20.00%
255FASTENAL COFAST42$20.00%
256XYLEM INCXYL15$20.00%
257ULTA BEAUTY INCULTA4$20.00%
258SOLVENTUM CORPSOLV30$20.00%
259SENTINELONE INCS125$20.00%
260TKO GROUP HOLDINGS INCTKO11$20.00%
261NATERA INCNTRA11$20.00%
262GLOBAL X FDS37954Y63250$20.00%
263SOUTHERN COPPER CORPSCCO20$20.00%
264NETFLIX INCNFLX2$20.00%
265ZSCALER INCZS8$20.00%
266TOAST INCTOST44$20.00%
267WILLIAMS SONOMA INCWSM8$20.00%
268CREDO TECHNOLOGY GROUP HOLDICRDO13$20.00%
269ROBLOX CORPRBLX17$20.00%
270ASTERA LABS INCALAB9$20.00%
271FREEPORT-MCMORAN INCFCX44$20.00%
272COINBASE GLOBAL INCCOIN5$20.00%
273COMFORT SYS USA INC1999081042$20.00%
274ALPS ETF TR00162Q85827$20.00%
275DEVON ENERGY CORP NEW25179M10346$20.00%
276SOUTHERN COSOMN17$20.00%
277DUOLINGO INCDUOL5$20.00%
278DOORDASH INCDASH7$20.00%
279SERVICE CORP INTL81756510423$20.00%
280IDEXX LABS INC45168D1043$20.00%
281WESTERN DIGITAL CORPWDC16$20.00%
282ROLLINS INCROL33$20.00%
283WASTE MGMT INC DEL94106L1094$10.00%
284MSCI INCMSCI1$10.00%
285NUCOR CORPNUE5$10.00%
286BLUE OWL CAPITAL INCOWL43$10.00%
287GITLAB INCGTLB17$10.00%
288PINNACLE WEST CAP CORPPNW9$10.00%
289DECKERS OUTDOOR CORPDECK8$10.00%
290INVESCO ACTVELY MNGD ETC FDIVZ62$10.00%
291OLD DOMINION FREIGHT LINE INODFL6$10.00%
292OWENS CORNING NEWOC6$10.00%
293COCA COLA COKO13$10.00%
294DOMINOS PIZZA INCDPZ2$10.00%
295ISHARES TR46434V40720$10.00%
296SPDR SERIES TRUST78464A39141$10.00%
297ZOETIS INCZTS6$10.00%
298PUBLIC STORAGE OPER COPSA-PS4$10.00%
299EQT CORPEQT21$10.00%
300SMITH A O CORPAOS15$10.00%
301SHIFT4 PMTS INC82452J10914$10.00%
302KLA CORPKLAC1$10.00%
303DEXCOM INCDXCM16$10.00%
304LENNOX INTL INC5261071072$10.00%
305SEI INVTS CO78411710312$10.00%
306STARBUCKS CORPSBUX12$10.00%
307PAYCHEX INCPAYX8$10.00%
308PAYPAL HLDGS INCPYPL15$10.00%
309INVESCO EXCH TRADED FD TR IIIVZ4$10.00%
310PILGRIMS PRIDE CORPPPC24$10.00%
311TETRA TECH INC NEWTTEK44$10.00%
312RIVIAN AUTOMOTIVE INCRIVN100$10.00%
313AFFIRM HLDGS INCAFRM20$10.00%
314MOODYS CORPMCO3$10.00%
315PERMIAN RESOURCES CORPPR110$10.00%
316SHERWIN WILLIAMS COSHW4$10.00%
317EOG RES INCEOG12$10.00%
318NIO INCNIOIF174$10.00%
319BROADCOM INCAVGO4$10.00%
320HERSHEY COHSY7$10.00%
321EMCOR GROUP INCEME2$10.00%
322DOCUSIGN INCDOCU18$10.00%
323RENAISSANCERE HLDGS LTDRNR-PG5$10.00%
324MANHATTAN ASSOCIATES INCMANH6$10.00%
325DOW INCDOW53$10.00%
326EVGO INCEVGOW100$00.00%
327EVERSOURCE ENERGYES6$00.00%
328PPL CORPPPLC11$00.00%
329VISTRA CORPVST2$00.00%
330EVERGY INCEVRG5$00.00%
331LUCID GROUP INCLCID15$00.00%
332UNITED PARCEL SERVICE INCUPS4$00.00%
333ESSENTIAL UTILS INC29670G1027$00.00%
334PAYSAFE LIMITEDPSFE17$00.00%
335KRAFT HEINZ COKHC8$00.00%
336SAREPTA THERAPEUTICS INCSRPT9$00.00%
337EASTMAN CHEM COEMN2$00.00%
338CHARGEPOINT HOLDINGS INCCHPT4$00.00%