Top Institutional Investors

Tradewinds Capital Management, LLC — 13F Holdings & Portfolio

CIK 1616026 · latest 13F-HR filed 2026-07-24

Backtest portfolio

Tradewinds Capital Management, LLC manages $562.6M in 13F-reported U.S. long-equity assets across 715 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are EWY (8.74%), XLE (7.51%), ICLN (6.91%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 69 new positions and exited 73; 328 existing positions rose in reported value and 176 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$562.6M

Long-equity book

Holdings
715

Distinct positions

Period
2026-06-30

Filed 2026-07-24

Q/Q Activity
+69 / −73 / ↑328 / ↓176

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
EWY8.7% · -20%XLE7.5% · +580%ICLN6.9% · +608076%BBCA6.8% · newCOMT6.6% · -12%SIVR5.6% · +11%FLGB4.9% · newXLI4.9% · +25855%GNR4.6% · -25%HYMB4.5% · +940%ICVT4.3% · -5%SPEM3.7% · -29%SCHX2.4% · +10%VCRM2.1% · newMBB2.1% · newMSFT1.8% · +4%JPST1.5% · +8%SCHF1.2% · +10%SPMD0.9% · +10%SCHA0.9% · +3%AAPL0.9% · +3%MU0.9% · -2%SPBO0.6% · -76%AMZN0.5% · -7%SPSB0.5% · +12%JNJ0.5% · 0%SCHC0.5% · +12%GOOG0.4% · -2%BKLN0.4% · -1%NVDA0.4% · +7%SPYG0.4% · -0%SPYV0.4% · +0%VOO0.4% · -2%QQQ0.3% · +17%XOM0.3% · +0%IEUR0.3% · +0%VMI0.3% · 0%BRK.A0.3% · 0%FLRN0.2% · -2%EWG0.2% · -0%COST0.2% · -8%ICSH0.2% · +1%BRK.B0.2% · -1%ONEQ0.2% · +0%SBUX0.2% · -15%GOOGL0.2% · +4%EWW0.2% · -95%GLW0.1% · +2%ABT0.1% · -2%HON0.1% · -50%HONA0.1% · newXLK0.1% · -0%ABBV0.1% · -14%WAFD0.1% · 0%GWW0.1% · 0%XEL0.1% · 0%PG0.1% · -4%UPS0.1% · 0%BAC0.1% · -1%ITOT0.1% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 61.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 19, 2026.

Assets Under Management
$727.3M
Discretionary
$727.3M
Employees
10
Accounts
2,268
Address
2211 RIMLAND DRIVE
SUITE 401
BELLINGHAM, WA 98226
Phone
(360) 715-9000
Website
Name Title / Status Ownership Type
ENGEBRETSON, BRYANT, JAMES ControlMANAGING PRINCIPAL
since Jan 2012
75% or moreIndividual
PENCE, DONALD, BRADLEY ControlCHIEF COMPLIANCE OFFICER
since Feb 2024
Less than 5%Individual
JACKSON, KYLE, BPRINCIPAL
since Feb 2023
10–25%Individual
Ownership & leadership changes · 6 filings with changes since Dec 15, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 23, 2026 filing
  • No longer listedENGEBRETSON, BRYANT, JAMES · MANAGING MEMBER · 75% or more · indirect via TCM BELLINGHAM, LLC · control person · listed since Jan 2012
  • No longer listedJACKSON, KYLE, B · OWNER · 75% or more · indirect via TCM JACKSON · control person · listed since Feb 2023
  • No longer listedTCM BELLINGHAM, LLC · MANAGING MEMBER · 75% or more · control person · listed since Jan 2012
  • No longer listedTCM JACKSON · OWNER · 10–25% · control person · listed since Jan 2023
  • AddedJACKSON, KYLE, B · PRINCIPAL · 10–25%
  • Listed againENGEBRETSON, BRYANT, JAMES · MANAGING PRINCIPAL · 75% or more · control person
Mar 11, 2024 filing
  • No longer listedENGEBRETSON, BRYANT, JAMES · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Mar 2008
  • AddedPENCE, DONALD, BRADLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 27, 2023 filing
  • AddedJACKSON, KYLE, B · OWNER · 75% or more · indirect via TCM JACKSON · control person
  • AddedTCM JACKSON · OWNER · 10–25% · control person
  • ChangedTCM BELLINGHAM, LLC · ownership 50–75% → 75% or more
May 1, 2022 filing
  • No longer listedANDERSON, MARK, ROBERT GARDNER · MANAGING MEMBER · 75% or more · indirect via TCM SHORELINE, LLC · control person · listed since Dec 2011
  • No longer listedTCM SHORELINE, LLC · MANAGING MEMBER · 50–75% · control person · listed since Sep 2012
Oct 19, 2012 filing
  • AddedANDERSON, MARK, ROBERT GARDNER · MANAGING MEMBER · 75% or more · indirect via TCM SHORELINE, LLC · control person
  • AddedTCM SHORELINE, LLC · MANAGING MEMBER · 50–75% · control person
  • ChangedTCM BELLINGHAM, LLC · ownership 75% or more → 50–75%
Mar 13, 2012 filing
  • AddedENGEBRETSON, BRYANT, JAMES · MANAGING MEMBER · 75% or more · indirect via TCM BELLINGHAM, LLC · control person
  • AddedTCM BELLINGHAM, LLC · MANAGING MEMBER · 75% or more · control person
  • ChangedENGEBRETSON, BRYANT, JAMES · title MANAGING PRINCIPAL/CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER; ownership 75% or more → Less than 5%
Dec 15, 2011 filing (earliest on record)
  • ListedENGEBRETSON, BRYANT, JAMES · MANAGING PRINCIPAL/CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 328 →

Top Trims

Show all 176 →

New Positions

Show all 69 →

Exited Positions

Show all 73 →

Tradewinds Capital Management, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES INC EWY 464286772 $49.2M 8.74% 243,624 SH
2 SELECT SECTOR SPDR TR XLE 81369Y506 $42.3M 7.51% 795,536 SH
3 ISHARES TR ICLN 464288224 $38.9M 6.91% 1,897,510 SH
4 J P MORGAN EXCHANGE TRADED F BBCA 46641Q225 $38.5M 6.84% 387,374 SH
5 ISHARES U S ETF TR COMT 46431W853 $37.2M 6.61% 1,225,318 SH
6 ABRDN SILVER ETF TRUST SIVR 003264108 $31.5M 5.59% 559,479 SH
7 FRANKLIN TEMPLETON ETF TR FLGB 35473P678 $27.8M 4.94% 786,791 SH
8 SELECT SECTOR SPDR TR XLI 81369Y704 $27.4M 4.87% 147,946 SH
9 SPDR INDEX SHS FDS GNR 78463X541 $26.1M 4.64% 387,837 SH
10 SPDR SERIES TRUST HYMB 78464A284 $25.2M 4.49% 992,182 SH
11 ISHARES TR ICVT 46435G102 $24.3M 4.32% 199,640 SH
12 SPDR INDEX SHS FDS SPEM 78463X509 $20.7M 3.67% 398,992 SH
13 SCHWAB STRATEGIC TR SCHX 808524201 $13.4M 2.38% 454,027 SH
14 VANGUARD MUN BD FDS VCRM 922907712 $11.8M 2.09% 153,988 SH
15 ISHARES TR MBB 464288588 $11.6M 2.06% 122,869 SH
16 MICROSOFT CORP MSFT 594918104 $9.9M 1.77% 26,673 SH
17 J P MORGAN EXCHANGE TRADED F JPST 46641Q837 $8.4M 1.49% 165,664 SH
18 SCHWAB STRATEGIC TR SCHF 808524805 $6.9M 1.22% 247,653 SH
19 SPDR SERIES TRUST SPMD 78464A847 $5.3M 0.94% 77,891 SH
20 SCHWAB STRATEGIC TR SCHA 808524607 $4.9M 0.88% 136,764 SH
21 APPLE INC AAPL 037833100 $4.9M 0.87% 16,976 SH
22 MICRON TECHNOLOGY INC MU 595112103 $4.8M 0.86% 4,200 SH
23 SPDR SERIES TRUST SPBO 78464A144 $3.6M 0.64% 123,188 SH
24 AMAZON COM INC AMZN 023135106 $3.1M 0.55% 12,939 SH
25 SPDR SERIES TRUST SPSB 78464A474 $3.0M 0.53% 99,840 SH
26 JOHNSON & JOHNSON JNJ 478160104 $2.9M 0.51% 11,273 SH
27 SCHWAB STRATEGIC TR SCHC 808524888 $2.8M 0.50% 58,638 SH
28 ALPHABET INC GOOG 02079K107 $2.4M 0.43% 6,805 SH
29 INVESCO EXCH TRADED FD TR II BKLN 46138G508 $2.4M 0.42% 115,738 SH
30 NVIDIA CORPORATION NVDA 67066G104 $2.3M 0.42% 11,734 SH
31 SPDR SERIES TRUST SPYG 78464A409 $2.2M 0.40% 18,692 SH
32 SPDR SERIES TRUST SPYV 78464A508 $2.1M 0.37% 34,223 SH
33 VANGUARD INDEX FDS VOO 922908363 $2.0M 0.36% 2,932 SH
34 INVESCO QQQ TR QQQ 46090E103 $1.9M 0.34% 2,569 SH
35 EXXON MOBIL CORP XOM 30231G102 $1.9M 0.33% 13,561 SH
36 ISHARES TR IEUR 46434V738 $1.7M 0.30% 22,490 SH
37 VALMONT INDS INC VMI 920253101 $1.6M 0.29% 2,800 SH
38 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $1.5M 0.27% 2 SH
39 SPDR SERIES TRUST FLRN 78468R200 $1.4M 0.24% 43,968 SH
40 ISHARES INC EWG 464286806 $1.3M 0.23% 31,312 SH
41 COSTCO WHOLESALE CORPORATION COST 22160K105 $1.2M 0.22% 1,293 SH
42 ISHARES TR ICSH 46434V878 $1.2M 0.21% 23,753 SH
43 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $1.1M 0.20% 2,289 SH
44 FIDELITY COMWLTH TR ONEQ 315912808 $1.1M 0.20% 10,862 SH
45 STARBUCKS CORP SBUX 855244109 $945.3K 0.17% 9,251 SH
46 ALPHABET INC GOOGL 02079K305 $883.4K 0.16% 2,472 SH
47 ISHARES INC EWW 464286822 $878.3K 0.16% 11,668 SH
48 CORNING INC GLW 219350105 $785.7K 0.14% 3,076 SH
49 ABBOTT LABORATORIES ABT 002824100 $778.8K 0.14% 8,583 SH
50 HONEYWELL INTL INC HON 438516205 $770.6K 0.14% 3,441 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-24 $562.6M 715 0001616026-26-000007
2026-03-31 2026-04-15 $503.5M 719 0001616026-26-000005
2025-12-31 2026-01-14 $474.2M 686 0001616026-26-000002
Filer Information
Address
2211 RIMLAND DRIVE
SUITE 401
BELLINGHAM, WA 98226
Phone
(360) 715-9000
Filing Manager
Tradewinds Capital Management, LLC
BELLINGHAM, WA
Signatory
Donald Bradley Pence
Chief Compliance Officer