Institutional Manager · CIK 0001616026
Tradewinds Capital Management, LLC
BELLINGHAM, WA · File #028-16264
Latest AUM
$474.2M
Positions
686
Top-10 Concentration
73.5%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ABRDN SILVER ETF TRUST | SIVR | +695,185 | +$47.0M | +$24,572 |
| ADD | SELECT SECTOR SPDR TR | 81369Y803 | +246,633 | +$35.5M | -$449,798 |
| ADD | SPDR SERIES TRUST | 78464A409 | +298,243 | +$31.8M | +$41,160 |
| NEW | ISHARES INC | 464286772 | +324,352 | +$31.5M | $0 |
| REDUCE | ISHARES INC | 46434G780 | -1,141,250 | -$31.4M | -$951,492 |
| REDUCE | ISHARES INC | 464286806 | -736,769 | -$31.3M | +$683,717 |
| REDUCE | ISHARES U S ETF TR | 46431W853 | -1,111,057 | -$27.7M | -$2.2M |
| REDUCE | SELECT SECTOR SPDR TR | 81369Y704 | -157,931 | -$24.5M | +$141,102 |
| ADD | SCHWAB STRATEGIC TR | 808524201 | +872,273 | +$23.5M | +$179,143 |
| REDUCE | ISHARES INC | 46434G830 | -410,106 | -$22.3M | +$1.7M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025686 pos · $474.2M
- 13F HOLDINGS REPORTQ/E Sep 2025679 pos · $445.2M
- 13F HOLDINGS REPORTQ/E Jun 2025642 pos · $397.7M
- 13F HOLDINGS REPORTQ/E Mar 2025665 pos · $373.1M
- 13F HOLDINGS REPORTQ/E Dec 2024669 pos · $378.9M
- 13F HOLDINGS REPORTQ/E Sep 2024617 pos · $373.8M
- 13F HOLDINGS REPORTQ/E Jun 2024592 pos · $339.0M
- 13F HOLDINGS REPORTQ/E Mar 2024554 pos · $361.8M
- 13F HOLDINGS REPORTQ/E Dec 2023506 pos · $292.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ABRDN SILVER ETF TRUST | SIVR | 696,246 | $47.1M | 10.77% |
| 2 | WORLD GOLD TR | GLDW | 447,394 | $38.2M | 8.74% |
| 3 | SELECT SECTOR SPDR TR | 81369Y803 | 249,895 | $36.0M | 8.23% |
| 4 | SPDR SERIES TRUST | 78464A409 | 317,021 | $33.8M | 7.74% |
| 5 | SPDR INDEX SHS FDS | 78463X509 | 694,989 | $32.5M | 7.44% |
| 6 | SCHWAB STRATEGIC TR | 808524201 | 1,186,560 | $31.9M | 7.30% |
| 7 | ISHARES INC | 464286772 | 324,352 | $31.5M | 7.21% |
| 8 | ISHARES INC | 464286764 | 544,962 | $29.4M | 6.72% |
| 9 | SPDR SERIES TRUST | 78464A144 | 755,118 | $22.2M | 5.07% |
| 10 | ISHARES TR | 46435G102 | 189,666 | $18.7M | 4.27% |
| 11 | ISHARES INC | 46434G830 | 294,688 | $16.0M | 3.66% |
| 12 | FRANKLIN TEMPLETON ETF TR | FGDL | 409,282 | $14.1M | 3.23% |
| 13 | MICROSOFT CORP | MSFT | 25,480 | $12.3M | 2.82% |
| 14 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 151,009 | $7.6M | 1.75% |
| 15 | SCHWAB STRATEGIC TR | 808524805 | 206,464 | $5.0M | 1.14% |
| 16 | APPLE INC | AAPL | 16,503 | $4.5M | 1.03% |
| 17 | SPDR SERIES TRUST | 78464A847 | 64,165 | $3.7M | 0.85% |
| 18 | SCHWAB STRATEGIC TR | 808524607 | 125,767 | $3.6M | 0.82% |
| 19 | AMAZON COM INC | AMZN | 13,910 | $3.2M | 0.73% |
| 20 | JOHNSON & JOHNSON | JNJ | 12,679 | $2.6M | 0.60% |