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Winter & Associates, Inc. — 13F Holdings & Portfolio

CIK 2109063 · latest 13F-HR filed 2026-07-09

Backtest portfolio

Winter & Associates, Inc. manages $133.1M in 13F-reported U.S. long-equity assets across 85 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are USTB (13.53%), COWZ (6.11%), DFIV (5.82%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 15 new positions, exited 14, added to 38, and trimmed 29.

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.

Filer Information
Address
964 GRAND AVENUE
ST. PAUL, MN 55105
Phone
(651) 414-5000
Filing Manager
Winter & Associates, Inc.
ST. PAUL, MN
Signatory
Nicole Winter Tietel
President
Loading holdings…
AUM

$133.1M

Long-equity book

Holdings

85

Distinct positions

Period

2026-06-30

Filed 2026-07-09

Q/Q Activity

+15 / −14 / ↑38 / ↓29

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • VICTORY PORTFOLIOS II$8.0M +79.2%
  • INVESCO EXCH TRADED FD TR II$4.3M +126.1%
  • VANGUARD INDEX FDS$3.2M +94.7%
  • ISHARES TR$3.1M +95.4%
  • DIMENSIONAL ETF TRUST$3.1M +66.3%
Show all 38 →

Top Trims

  • VANGUARD BD INDEX FDS-$2.6M -88.6%
  • SCHWAB STRATEGIC TR-$2.2M -41.6%
  • VANGUARD STAR FDS-$2.1M -33.1%
  • STATE STR SPDR S&P MIDCAP 40-$2.0M -35.0%
  • WISDOMTREE TR-$1.8M -43.9%
Show all 29 →

New Positions

  • MICRON TECHNOLOGY INC$462.9K
  • ASTERA LABS INC$386.4K
  • ISHARES INC$356.8K
  • ADVANCED MICRO DEVICES INC$356.1K
  • DIMENSIONAL ETF TRUST$354.5K
Show all 15 →

Exited Positions

  • VANGUARD CHARLOTTE FDS$1.7M
  • ISHARES TR$756.4K
  • PIMCO ETF TR$561.5K
  • ISHARES TR$506.3K
  • ISHARES TR$482.8K
Show all 14 →
All Holdings

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 VICTORY PORTFOLIOS II USTB 92647N535 $18.0M 13.53% 355,616 SH
2 PACER FDS TR COWZ 69374H881 $8.1M 6.11% 130,809 SH
3 DIMENSIONAL ETF TRUST DFIV 25434V807 $7.7M 5.82% 143,360 SH
4 INVESCO EXCH TRADED FD TR II SPHB 46138E370 $7.7M 5.76% 49,302 SH
5 VANGUARD INDEX FDS VB 922908751 $6.5M 4.90% 21,535 SH
6 ISHARES TR IWL 464289446 $6.4M 4.80% 34,510 SH
7 J P MORGAN EXCHANGE TRADED F JPIB 46641Q852 $6.0M 4.54% 125,022 SH
8 APPLE INC AAPL 037833100 $5.5M 4.13% 18,980 SH
9 INVESCO QQQ TR QQQ 46090E103 $4.8M 3.59% 6,496 SH
10 VANGUARD STAR FDS VXUS 921909768 $4.2M 3.12% 48,610 SH
11 ISHARES TR REZ 464288562 $3.8M 2.83% 39,799 SH
12 STATE STR SPDR S&P MIDCAP 40 MDY 78467Y107 $3.7M 2.76% 5,228 SH
13 NVIDIA CORPORATION NVDA 67066G104 $3.5M 2.65% 17,603 SH
14 VANGUARD INTL EQUITY INDEX F VWO 922042858 $3.5M 2.60% 57,882 SH
15 ISHARES TR STIP 46429B747 $3.2M 2.37% 30,902 SH
16 SCHWAB STRATEGIC TR FNDA 808524763 $3.1M 2.34% 81,709 SH
17 WISDOMTREE TR DGRW 97717X669 $2.3M 1.70% 23,648 SH
18 ISHARES TR IGIB 464288638 $2.3M 1.69% 42,325 SH
19 VANGUARD INDEX FDS VTI 922908769 $2.1M 1.59% 5,723 SH
20 UNITED STS COMMODITY INDEX F USCI 911717106 $1.9M 1.42% 20,377 SH
21 TESLA INC TSLA 88160R101 $1.8M 1.34% 4,225 SH
22 3M CO MMM 88579Y101 $1.3M 0.97% 7,952 SH
23 AMAZON COM INC AMZN 023135106 $1.1M 0.82% 4,603 SH
24 ISHARES TR ITOT 464287150 $1.0M 0.78% 6,311 SH
25 VANGUARD WORLD FD ESGV 921910733 $996.0K 0.75% 7,532 SH
26 ISHARES TR EEM 464287234 $943.2K 0.71% 13,788 SH
27 ALPHABET INC GOOGL 02079K305 $739.3K 0.56% 2,069 SH
28 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $727.8K 0.55% 9,209 SH
29 LAM RESEARCH CORP LRCX 512807306 $656.9K 0.49% 1,516 SH
30 VANGUARD SCOTTSDALE FDS VGSH 92206C102 $647.8K 0.49% 11,131 SH
31 MICROSOFT CORP MSFT 594918104 $646.7K 0.49% 1,734 SH
32 INTERNATIONAL BUSINESS MACHS IBM 459200101 $634.8K 0.48% 2,257 SH
33 ALPHABET INC GOOG 02079K107 $622.3K 0.47% 1,761 SH
34 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $599.5K 0.45% 1,198 SH
35 INVESCO EXCH TRADED FD TR II SPHD 46138E362 $561.4K 0.42% 11,042 SH
36 INTUITIVE SURGICAL INC ISRG 46120E602 $538.5K 0.40% 1,354 SH
37 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $531.5K 0.40% 1,113 SH
38 INVESCO EXCH TRADED FD TR II PSCC 46138E172 $485.9K 0.37% 13,779 SH
39 STERLING INFRASTRUCTURE INC STRL 859241101 $482.6K 0.36% 575 SH
40 MICRON TECHNOLOGY INC MU 595112103 $462.9K 0.35% 401 SH
41 ISHARES TR ESML 46435U663 $444.1K 0.33% 7,940 SH
42 META PLATFORMS INC META 30303M102 $433.2K 0.33% 769 SH
43 ELI LILLY & CO LLY 532457108 $431.2K 0.32% 360 SH
44 UNITEDHEALTH GROUP INC UNH 91324P102 $430.8K 0.32% 1,037 SH
45 WALMART INC WMT 931142103 $421.2K 0.32% 3,718 SH
46 CORNING INC GLW 219350105 $413.5K 0.31% 1,619 SH
47 JPMORGAN CHASE & CO JPM 46625H100 $407.5K 0.31% 1,245 SH
48 ISHARES INC IEMG 46434G103 $406.0K 0.31% 4,901 SH
49 SCHWAB STRATEGIC TR SCHD 808524797 $401.1K 0.30% 12,648 SH
50 VANGUARD INDEX FDS VOO 922908363 $391.5K 0.29% 570 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-09 $133.1M 85 0002109063-26-000003
2026-03-31 2026-04-08 $114.2M 84 0002109063-26-000002
2025-12-31 2026-02-13 $108.2M 82 0002109063-26-000001