Winter & Associates, Inc.
Sector Allocation
- Other71.0%$98.3M
- Financials11.6%$16.1M
- Technology11.2%$15.4M
- Healthcare2.4%$3.3M
- Consumer Discretionary2.1%$3.0M
- Consumer Staples0.8%$1.1M
- Industrials0.5%$661,840
- Energy0.3%$472,534
- Materials0.2%$222,867
AUM History
13fpro.ai/research/fund/winter-and-associates-inc-2109063
Conviction and streaks
Concentrating · top 10 = 58.7%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- VICTORY$19.9M
- PACER$9.9M
- DIMENSIONAL$8.8M
IVZ
$7.5M- ISHARES$7.0M
- VANGUARD$6.7M
- J$6.3M
AAPL
$6.2MQQQ
$4.9M- ISHARES$4.0M
- VANGUARD$3.9M
- VANGUARD$3.6M
NVDA
$3.6M- ISHARES$3.5M
MDY
$3.4M- SCHWAB$2.8M
- ISHARES$2.5M
CPER
$2.5MWT
$2.3M- VANGUARD$2.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/winter-and-associates-inc-2109063
Winter & Associates, Inc. 13F holdings — Q3 2026
$138.5M portfolio (+4.1% QoQ) · 81 holdings · Q3 2026 13F · top 10 are 59% of the stock portfolio
- 1
VICTORY PORTFOLIOS II - SHORT TRM BD ETF
$19.9M
14.4% of stocks
+12%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
PACER FDS TR - US CASH COWS 100
$9.9M
7.1% of stocks
+6%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
DIMENSIONAL ETF TRUST - INTERNATNAL VAL
$8.8M
6.3% of stocks
+9%This quarter—Since filed—HeldAIQuality—Est. buy— $7.5M
5.4% of stocks
+8%This quarter+1.7%Since filed4+ qtrsHeld- 5
ISHARES TR - RUS TOP 200 ETF
$7.0M
5.1% of stocks
+7%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
VANGUARD INDEX FDS - MRNGSTR SML CAP
$6.7M
4.8% of stocks
+8%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETF
$6.3M
4.6% of stocks
+8%This quarter—Since filed—HeldAIQuality—Est. buy— $6.2M
4.5% of stocks
-4%This quarter-1.1%Since filed4+ qtrsHeld$4.9M
3.6% of stocks
+6%This quarter+1.1%Since filed4+ qtrsHeld- 10
ISHARES TR - RESIDENTIAL MULT
$4.0M
2.9% of stocks
+12%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VICTORY PORTFOLIOS II - SHORT TRM BD ETF | $19.9M | 14.4% | +12% | — | — | — | — | |
| 2 | PACER FDS TR - US CASH COWS 100 | $9.9M | 7.1% | +6% | — | — | — | — | |
| 3 | DIMENSIONAL ETF TRUST - INTERNATNAL VAL | $8.8M | 6.3% | +9% | — | — | — | — | |
| 4 | $7.5M | 5.4% | +8% | +1.7% | 4+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | ISHARES TR - RUS TOP 200 ETF | $7.0M | 5.1% | +7% | — | — | — | — | |
| 6 | VANGUARD INDEX FDS - MRNGSTR SML CAP | $6.7M | 4.8% | +8% | — | — | — | — | |
| 7 | J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETF | $6.3M | 4.6% | +8% | — | — | — | — | |
| 8 | $6.2M | 4.5% | -4% | -1.1% | 4+ qtrs | 75.7#88 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $4.9M | 3.6% | +6% | +1.1% | 4+ qtrsAdded 2 qtrs in a row | — | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | ISHARES TR - RESIDENTIAL MULT | $4.0M | 2.9% | +12% | — | — | — | — |
All holdings — Winter & Associates, Inc. (Q3 2026)
81 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | — | VANGUARD STAR FDS - VG TL INTL STK Fetf/fund | — | $3.9M | 2.8% | 47K | -4% | — | — | 13F |
| 12 | — | VANGUARD INTL EQUITY INDEX F - FTSE EMR MKT ETFetf/fund | — | $3.6M | 2.6% | 62K | +8% | — | — | 13F |
| 13 | NVIDIA CORP | Technology | $3.6M | 2.6% | 17K | -5% | 4+ qtrsTrimmed 2 qtrs in a row | 86.0 | 13F | |
| 14 | — | ISHARES TR - 0-5 YR TIPS ETFetf/fund | — | $3.5M | 2.5% | 35K | +12% | — | — | 13F |
| 15 | SPDR S&P MIDCAP 400 ETF TRUSTetf/fund | — | $3.4M | 2.5% | 5,163 | -1% | 4+ qtrsTrimmed 3 qtrs in a row | — | 13F | |
| 16 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL US S | — | $2.8M | 2.0% | 79K | -4% | — | — | 13F |
| 17 | — | ISHARES TR - ISHS 5-10YR INVTetf/fund | — | $2.5M | 1.8% | 49K | +15% | — | — | 13F |
| 18 | United States Commodity Index Funds Trust | Financials | $2.5M | 1.8% | 22K | +9% | 4+ qtrsAdded 3 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | WisdomTree, Inc. | Financials | $2.3M | 1.7% | 24K | -0.2% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | — | VANGUARD INDEX FDS - MRNGSTR TTL STKetf/fund | — | $2.2M | 1.6% | 5,760 | +0.6% | — | — | 13F |
| 21 | Tesla, Inc. | Consumer Discretionary | $1.5M | 1.1% | 4,119 | -3% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | 3M CO | Healthcare | $1.4M | 1.0% | 7,902 | -0.6% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AMAZON COM INC | Consumer Discretionary | $1.2M | 0.9% | 4,573 | -0.7% | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | — | ISHARES TR - CORE S&P TTL STKetf/fund | — | $1.1M | 0.8% | 6,287 | -0.4% | — | — | 13F |
| 25 | MICROSOFT CORP | Technology | $922K | 0.7% | 1,734 | — | 4+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | — | ISHARES TR - MSCI EMG MKT ETF | — | $884K | 0.6% | 14K | +1% | |||
| 27 | — | VANGUARD WORLD FD - ESG US STK ETF | — | $840K | 0.6% | 6,183 | -18% | |||
| 28 | $GOOGL | Alphabet Inc. | Technology | $686K | 0.5% | 2,017 | -3% | |||
| 29 | $BRK.B | BERKSHIRE HATHAWAY INC | Financials | $654K | 0.5% | 1,211 | +1% | |||
| 30 | — | VANGUARD SCOTTSDALE FDS - SHRT TRM CORP BD | — | $641K | 0.5% | 8,281 | -10% | |||
| 31 | $ISRG | INTUITIVE SURGICAL INC | Healthcare | $593K | 0.4% | 1,354 | — | |||
| 32 | $IVZ | Invesco Ltd. | Financials | $562K | 0.4% | 11K | +0.5% | |||
| 33 | $META | Meta Platforms, Inc. | Technology | $526K | 0.4% | 758 | -1% | |||
| 34 | $IBM | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $508K | 0.4% | 2,098 | -7% | |||
| 35 | — | VANGUARD SCOTTSDALE FDS - SHORT TERM TREAS | — | $503K | 0.4% | 8,732 | -22% | |||
| 36 | $PLTR | Palantir Technologies Inc. | Technology | $500K | 0.4% | 2,597 | +0.3% | |||
| 37 | $IVZ | Invesco Ltd. | Financials | $485K | 0.3% | 14K | -0.4% | |||
| 38 | $LLY | ELI LILLY & Co | Healthcare | $483K | 0.3% | 377 | +5% | |||
| 39 | $CVX | CHEVRON CORP | Energy | $473K | 0.3% | 2,094 | +0.0% | |||
| 40 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $466K | 0.3% | 1,111 | +7% | |||
| 41 | $JPM | JPMORGAN CHASE & CO | Financials | $458K | 0.3% | 1,367 | +10% | |||
| 42 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $454K | 0.3% | 642 | +13% | |||
| 43 | $WMT | Walmart Inc. | Consumer Staples | $444K | 0.3% | 3,767 | +1% | |||
| 44 | — | SELECT SECTOR SPDR TR - ST STR INDL ETF | — | $444K | 0.3% | 2,660 | +73% | |||
| 45 | $GOOG | Alphabet Inc. | Technology | $435K | 0.3% | 1,292 | -27% | |||
| 46 | — | ISHARES TR - ESG AWARE MSCI | — | $419K | 0.3% | 7,940 | — | |||
| 47 | — | SCHWAB STRATEGIC TR - US DIVIDEND EQ | — | $419K | 0.3% | 12K | -5% | |||
| 48 | — | ISHARES INC - CORE MSCI EMKT | — | $397K | 0.3% | 5,131 | +5% | |||
| 49 | $LRCX | LAM RESEARCH CORP | Technology | $393K | 0.3% | 1,490 | -2% | |||
| 50 | $V | VISA INC. | Financials | $383K | 0.3% | 942 | +8% | |||
| 51 | $MNST | Monster Beverage Corp | Consumer Staples | $376K | 0.3% | 7,988 | +106% | |||
| 52 | — | ISHARES TR - CORE MSCI INTL | — | $369K | 0.3% | 4,115 | -6% | |||
| 53 | — | DIMENSIONAL ETF TRUST - INTERNATIONAL | — | $354K | 0.3% | 7,812 | -0.6% | |||
| 54 | $AMD | ADVANCED MICRO DEVICES INC | Technology | $336K | 0.2% | 628 | +2% | |||
| 55 | — | NUSHARES ETF TR - NUVEEN ESG LRGVL | — | $332K | 0.2% | 6,124 | — | |||
| 56 | $TSM | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | Technology | $313K | 0.2% | 737 | -34% | |||
| 57 | $MU | MICRON TECHNOLOGY INC | Technology | $309K | 0.2% | 345 | -14% | |||
| 58 | $MUFG | MITSUBISHI UFJ FINANCIAL GROUP INC | Financials | $302K | 0.2% | 5,883 | -10% | |||
| 59 | — | VANGUARD SCOTTSDALE FDS - INTER TERM TREAS | — | $296K | 0.2% | 5,196 | +11% | |||
| 60 | — | VANECK ETF TRUST - MRNGSTR WDE MOAT | — | $289K | 0.2% | 2,588 | -17% | |||
| 61 | $CRM | Salesforce, Inc. | Technology | $270K | 0.2% | 1,114 | New | |||
| 62 | — | ISHARES TR - US HLTHCARE ETF | — | $258K | 0.2% | 3,418 | New | |||
| 63 | — | ISHARES TR - ISHARES BIOTECH | — | $257K | 0.2% | 1,220 | New | |||
| 64 | — | SPDR SERIES TRUST - ST STR MSCI GEN | — | $255K | 0.2% | 1,630 | -13% | |||
| 65 | $MCK | MCKESSON CORP | Consumer Staples | $240K | 0.2% | 233 | -16% | |||
| 66 | $GEV | GE Vernova Inc. | Industrials | $237K | 0.2% | 266 | +13% | |||
| 67 | $BLK | BlackRock, Inc. | Financials | $234K | 0.2% | 207 | New | |||
| 68 | $PGR | PROGRESSIVE CORP/OH/ | Financials | $233K | 0.2% | 1,052 | -2% | |||
| 69 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $223K | 0.2% | 324 | New | |||
| 70 | $AMGN | AMGEN INC | Healthcare | $220K | 0.2% | 502 | New | |||
| 71 | $ALAB | Astera Labs, Inc. | Technology | $219K | 0.2% | 769 | -4% | |||
| 72 | — | TRUST FOR PROFESSIONAL MANAG - MAIRS & PWR MINN | — | $218K | 0.2% | 10K | -0.1% | |||
| 73 | $IVZ | Invesco Ltd. | Financials | $216K | 0.2% | 3,065 | New | |||
| 74 | $STRL | STERLING INFRASTRUCTURE, INC. | Industrials | $214K | 0.1% | 520 | -10% | |||
| 75 | $HD | HOME DEPOT, INC. | Consumer Discretionary | $214K | 0.1% | 680 | +0.9% | |||
| 76 | $GLW | CORNING INC /NY | Materials | $213K | 0.1% | 1,612 | -0.4% | |||
| 77 | $TTC | TORO CO | Industrials | $211K | 0.1% | 2,052 | -5% | |||
| 78 | $STT | STATE STREET CORP | Financials | $210K | 0.1% | 4,964 | -34% | |||
| 79 | $ASML | ASML HOLDING NV | Technology | $202K | 0.1% | 124 | +23% | |||
| 80 | $SABA | Saba Capital Income & Opportunities Fund II | Other | $92K | 0.1% | 12K | — | |||
| 81 | $NMG | Nouveau Monde Graphite Inc. | Materials | $10K | 0.0% | 11K | -17% |
What changed in Q3 2026
Against the previous quarter's 13F: 6 new, 33 added to, 36 trimmed, 11 sold out. Share-count changes; largest moves by dollar size first.
New positions (6)
$CRMSalesforce, Inc.$270K
first bought this quarter
- ISHARES TR - US HLTHCARE ETF$258K
first bought this quarter
- ISHARES TR - ISHARES BIOTECH$257K
first bought this quarter
$BLKBlackRock, Inc.$234K
first bought this quarter
$TMOTHERMO FISHER SCIENTIFIC INC.$223K
first bought this quarter
$AMGNAMGEN INC$220K
first bought this quarter
Added to (33)
- VICTORY PORTFOLIOS II - SHORT TRM BD ETF+12%
now $19.9M
- DIMENSIONAL ETF TRUST - INTERNATNAL VAL+9%
now $8.8M
now $7.5M · held 4+ qtrs
- PACER FDS TR - US CASH COWS 100+6%
now $9.9M
- VANGUARD INDEX FDS - MRNGSTR SML CAP+8%
now $6.7M
- J P MORGAN EXCHANGE TRADED F - INTL BD OPP ETF+8%
now $6.3M
+27 more in the Excel export
Trimmed (36)
now $6.2M · held 4+ qtrs
now $3.6M · held 4+ qtrs, 2 trims in a row
- VANGUARD WORLD FD - ESG US STK ETF-18%
now $840K
- VANGUARD STAR FDS - VG TL INTL STK F-4%
now $3.9M
$TSMTAIWAN SEMICONDUCTOR MANUFACTURING CO LTD-34%
now $313K · held 4+ qtrs
$GOOGAlphabet Inc.-27%
now $435K · held 4+ qtrs
+30 more in the Excel export
Holdings by quarter
Every 13F Winter & Associates, Inc. has filed, 3 earlier quarters. Pick one to see what it held then.
Is it too late to follow Winter & Associates?
Q3 2026 13F filed with the SEC on Oct 23, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Winter & Associates's top 20 holdings: 73/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
+0.9%
Value-weighted move of the 10 largest stock positions
Turnover
3%
Last quarter
Top 10 weight
59%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
93%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2025 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Winter & Associates, Inc. disclosed 81 positions worth $138.5M in its Form 13F-HR for Q3 2026. During the quarter the fund opened 6 new positions and exited 11 — including a new stake in $CRM and a full exit from $SPY. The portfolio is most concentrated in Other (71.0% of disclosed assets). All figures are sourced directly from Winter & Associates, Inc.’s Form 13F-HR filing with the SEC under CIK 2109063.
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AI-Powered Hedge Fund Analysis: Winter & Associates, Inc.
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