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Livermore
Livermore
ZHEN

Washburn Capital Management, Inc.

SEC CIK
0001793923
Latest filing
Jul 22, 2026

The latest 13F from Washburn Capital Management, Inc. covers Q2 2026 (filed Jul 22, 2026): 56 long positions worth $203.1M. The top 10 holdings make up 74.6% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 22.8%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
5
Est. +$4.03M
Added
10
Est. +$8.81M
Reduced
32
Est. −$14.4M
Sold out
5
Est. −$2.51M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    22.8%$46.3MHistory
  2. Vanguard Morningstar Total Stock Market ETF922908769
    18.0%$36.5M
  3. Invesco QQQ Trust Series I46090E103
    13.6%$27.6M
  4. iShares MSCI USA Momentum Factor ETF46432F396
    5.9%$12.0M
  5. DIASPDR Dow Jones Industrial Average ETF Trust
    4.5%$9.21MHistory

Share of portfolio

Top 5 holdings and the other 51 positions, by share of portfolio value

  1. SPY22.8%
  2. Vanguard Morningstar Total Stock Market ETF18.0%
  3. Invesco QQQ Trust Series I13.6%
  4. iShares MSCI USA Momentum Factor ETF5.9%
  5. DIA4.5%
  6. Other 51 positions35.2%

Biggest buys

New and added positions, by estimated amount bought

  1. iShares MSCI USA Momentum Factor ETF46432F396
    +$6.11MAdded
  2. MUMicron Technology Inc
    +$2.99MNewHistory
  3. iShares Semiconductor ETF464287523
    +$1.17MAdded
  4. GLWCorning Inc
    +$542.8KAddedHistory
  5. GSGoldman Sachs Group Inc
    +$407.6KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares MSCI USA Momentum Factor ETF46432F396
    +3.51 pp2.4% → 5.9%
  2. MUMicron Technology Inc
    +1.47 pp0.0% → 1.5%History
  3. iShares Semiconductor ETF464287523
    +1.27 pp1.1% → 2.3%
  4. GLWCorning Inc
    +0.48 pp0.4% → 0.8%History
  5. GSGoldman Sachs Group Inc
    +0.20 pp0.2% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. DIASPDR Dow Jones Industrial Average ETF Trust
    −$4.13MReducedHistory
  2. STRLSterling Infrastructure, Inc.
    −$3.05MReducedHistory
  3. Invesco QQQ Trust Series I46090E103
    −$1.14MReduced
  4. GEVGE Vernova Inc.
    −$843.6KReducedHistory
  5. CEGConstellation Energy Corp
    −$818.5KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. DIASPDR Dow Jones Industrial Average ETF Trust
    −2.34 pp6.9% → 4.5%History
  2. SPYSPDR S&P 500 ETF Trust
    −0.97 pp23.7% → 22.8%History
  3. STRLSterling Infrastructure, Inc.
    −0.78 pp1.0% → 0.2%History
  4. Vanguard Morningstar Total Stock Market ETF922908769
    −0.71 pp18.7% → 18.0%
  5. CEGConstellation Energy Corp
    −0.48 pp0.5% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$203.1M
+$31.0M (+18.0%) vs. prior quarter
Positions
56
0 vs. prior quarter
Top 10 concentration
74.6%
Top 10 as share of value
Turnover
6.8%
Q2 2026, one quarter
Average holding period
18.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $203.1M (Q2 2026)

Q1 2021: $147.3MQ2 2021: $149.6MQ3 2021: $152.9MQ4 2021: $168.2MQ1 2022: $152.6MQ2 2022: $116.1MQ3 2022: $104.6MQ4 2022: $109.9MQ1 2023: $116.0MQ2 2023: $119.7MQ3 2023: $118.4MQ4 2023: $133.0MQ1 2024: $135.3MQ2 2024: $140.1MQ3 2024: $139.6MQ4 2024: $161.5MQ1 2025: $152.1MQ2 2025: $170.6MQ3 2025: $179.0MQ4 2025: $181.6MQ1 2026: $172.1MQ2 2026: $203.1M
Q1 2021Q2 2026
13F filings of Washburn Capital Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 22, 202656$203.1MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q1 2026SEC
Q1 2026May 1, 202656$172.1MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q4 2025SEC
Q4 2025Jan 22, 202657$181.6MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q3 2025SEC
Q3 2025Oct 28, 202556$179.0MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q2 2025SEC
Q2 2025Aug 5, 202552$170.6MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q1 2025SEC
Q1 2025Aug 5, 2025Amended51$152.1MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q4 2024SEC
Q4 2024Jan 28, 202555$161.5MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q3 2024SEC
Q3 2024Oct 24, 202440$139.6MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q2 2024SEC
Q2 2024Jul 25, 202436$140.1MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024Apr 30, 202438$135.3MSPYVanguard Morningstar Total Stock Market ETFInvesco QQQ Trust Series Ivs. Q4 2023SEC
Q4 2023Jan 23, 202443$133.0MSPYInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q3 2023SEC
Q3 2023Nov 8, 202348$118.4MSPYInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q2 2023SEC
Q2 2023Aug 3, 202345$119.7MSPYInvesco QQQ Trust Series IVanguard Morningstar Total Stock Market ETFvs. Q1 2023SEC
Q1 2023Apr 14, 202348$116.0MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q4 2022SEC
Q4 2022Feb 7, 202347$109.9MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q3 2022SEC
Q3 2022Oct 28, 202249$104.6MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q2 2022SEC
Q2 2022Jul 15, 202252$116.1MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q1 2022SEC
Q1 2022May 6, 202259$152.6MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q4 2021SEC
Q4 2021Feb 1, 202254$168.2MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q3 2021SEC
Q3 2021Nov 12, 202154$152.9MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q2 2021SEC
Q2 2021Nov 12, 2021Amended50$149.6MSPYDIAVanguard Morningstar Total Stock Market ETFvs. Q1 2021SECSEC
Q1 2021May 3, 202156$147.3MSPYDIAVanguard Morningstar Total Stock Market ETF–SEC