# SPINNAKER TRUST

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1158970. Source: https://holderbook.com/funds/1158970-spinnaker-trust/

- Reported value: $2.1B
- Positions: 309
- Weight of the ten largest: 42.2%
- Filed: 2026-08-03

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $203.2M | 2,312,710 | 9.9% | 9 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $148.6M | 779,939 | 7.2% | 31 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $93.3M | 907,376 | 4.5% | 25 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $87.3M | 565,699 | 4.2% | 25 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $66.1M | 1,370,384 | 3.2% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $66.1M | 228,303 | 3.2% | 31 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $64.1M | 395,870 | 3.1% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $49.1M | 98,136 | 2.4% | 31 |
| BLACKROCK ETF TRUST | [DYNF](https://holderbook.com/stocks/DYNF/) | $46.4M | 682,844 | 2.3% | 9 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $44.7M | 119,765 | 2.2% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $36.9M | 104,567 | 1.8% | 31 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $31.9M | 422,086 | 1.5% | 21 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $31.2M | 42,320 | 1.5% | 31 |
| GOLDMAN SACHS ETF TR | [GSST](https://holderbook.com/stocks/GSST/) | $30.8M | 608,555 | 1.5% | 7 |
| SELECT SECTOR SPDR TR | [XLF](https://holderbook.com/stocks/XLF/) | $28.6M | 533,947 | 1.4% | 31 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $28.4M | 178,802 | 1.4% | 31 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $27.8M | 455,027 | 1.3% | 25 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $27.7M | 479,835 | 1.3% | 25 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $27.6M | 36,911 | 1.3% | 31 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $24.5M | 1,322,033 | 1.2% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.9M | 57,860 | 1.1% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $21.3M | 65,043 | 1.0% | 31 |
| ISHARES TR | [SOXX](https://holderbook.com/stocks/SOXX/) | $20.1M | 31,334 | 1.0% | 12 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $19.8M | 82,954 | 1.0% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $19.5M | 18,302 | 0.9% | 31 |
| SELECT SECTOR SPDR TR | [XLY](https://holderbook.com/stocks/XLY/) | $19.2M | 163,677 | 0.9% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $18.8M | 39,396 | 0.9% | 8 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $18.6M | 9,332 | 0.9% | 4 |
| ISHARES INC | [EWT](https://holderbook.com/stocks/EWT/) | $18.2M | 167,620 | 0.9% | 25 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $17.7M | 732,003 | 0.9% | 12 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $17.6M | 184,159 | 0.9% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.3M | 48,398 | 0.8% | 31 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $16.4M | 82,031 | 0.8% | 30 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $16.4M | 86,253 | 0.8% | 25 |
| ISHARES TR | [IBDT](https://holderbook.com/stocks/IBDT/) | $16.1M | 639,228 | 0.8% | 12 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $16.0M | 661,842 | 0.8% | 12 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $15.2M | 43,155 | 0.7% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $13.4M | 11,170 | 0.7% | 31 |
| VANGUARD WORLD FD | [VSGX](https://holderbook.com/stocks/VSGX/) | $12.9M | 156,368 | 0.6% | 25 |
| SELECT SECTOR SPDR TR | [XLC](https://holderbook.com/stocks/XLC/) | $12.8M | 119,938 | 0.6% | 10 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $12.7M | 290,864 | 0.6% | 15 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $12.4M | 536,924 | 0.6% | 10 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $11.3M | 32,845 | 0.5% | 31 |
| J P MORGAN EXCHANGE TRADED F | [BBCA](https://holderbook.com/stocks/BBCA/) | $11.0M | 110,732 | 0.5% | 21 |
| ISHARES TR | [USXF](https://holderbook.com/stocks/USXF/) | $10.8M | 155,820 | 0.5% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $9.7M | 13 | 0.5% | 31 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $9.7M | 187,166 | 0.5% | 25 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $9.4M | 22,525 | 0.5% | 31 |
| WEX INC | [WEX](https://holderbook.com/stocks/WEX/) | $9.3M | 65,963 | 0.5% | 23 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $9.3M | 14,620 | 0.5% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $9.3M | 36,425 | 0.4% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $8.9M | 64,881 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $8.7M | 35,813 | 0.4% | 27 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $8.5M | 8,886 | 0.4% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $8.5M | 71,963 | 0.4% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $8.3M | 73,231 | 0.4% | 31 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $8.1M | 163,131 | 0.4% | 13 |
| FIDELITY COVINGTON TRUST | [FHLC](https://holderbook.com/stocks/FHLC/) | $8.0M | 104,144 | 0.4% | 9 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $7.4M | 76,639 | 0.4% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $7.4M | 84,132 | 0.4% | 27 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $7.4M | 32,088 | 0.4% | 16 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $7.2M | 7,737 | 0.4% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $6.5M | 48,321 | 0.3% | 16 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $6.5M | 89,489 | 0.3% | 9 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $6.3M | 38,657 | 0.3% | 16 |
| NESTLE SA ADR | [NSRGY](https://holderbook.com/stocks/NSRGY/) | $6.2M | 60,593 | 0.3% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $6.2M | 44,515 | 0.3% | 31 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $6.0M | 50,900 | 0.3% | 6 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $6.0M | 40,676 | 0.3% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $5.7M | 44,274 | 0.3% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.6M | 11,131 | 0.3% | 31 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $5.5M | 69,721 | 0.3% | 28 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $5.3M | 28,438 | 0.3% | 31 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $5.2M | 35,324 | 0.3% | 31 |
| ISHARES TR | [IBDV](https://holderbook.com/stocks/IBDV/) | $4.9M | 226,090 | 0.2% | 8 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $4.8M | 21,000 | 0.2% | 31 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $4.7M | 74,005 | 0.2% | 12 |
| SELECT SECTOR SPDR TR | [XLP](https://holderbook.com/stocks/XLP/) | $4.6M | 55,633 | 0.2% | 31 |
| CHURCH & DWIGHT CO INC | [CHD](https://holderbook.com/stocks/CHD/) | $4.6M | 47,185 | 0.2% | 31 |
| ISHARES INC | [EWY](https://holderbook.com/stocks/EWY/) | $4.4M | 21,951 | 0.2% | 1 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $4.4M | 19,463 | 0.2% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $4.3M | 14,450 | 0.2% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $4.2M | 15,047 | 0.2% | 31 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.2M | 25,384 | 0.2% | 31 |
| ISHARES TR | [AAXJ](https://holderbook.com/stocks/AAXJ/) | $4.2M | 35,020 | 0.2% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $4.1M | 16,410 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $4.1M | 50,377 | 0.2% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $4.0M | 7,719 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $3.9M | 29,049 | 0.2% | 31 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $3.9M | 47,411 | 0.2% | 31 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $3.8M | 24,406 | 0.2% | 23 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $3.6M | 25,170 | 0.2% | 31 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $3.6M | 5,055 | 0.2% | 31 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.6M | 16,698 | 0.2% | 6 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $3.5M | 13,119 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.5M | 38,948 | 0.2% | 31 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $3.4M | 11,957 | 0.2% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $3.3M | 8,857 | 0.2% | 20 |
| KINDER MORGAN INC DEL | [KMI](https://holderbook.com/stocks/KMI/) | $3.3M | 103,473 | 0.2% | 18 |
| MANULIFE FINL CORP | [MFC](https://holderbook.com/stocks/MFC/) | $3.1M | 76,802 | 0.2% | 14 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +12.9% | +14.8% | -1.9% | 98% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 99% |
| Q4 2025 | +2.6% | +2.4% | +0.2% | 98% |
| Q3 2025 | +6.8% | +7.8% | -1.0% | 98% |
| Q2 2025 | +7.6% | +10.5% | -2.9% | 98% |
| Q1 2025 | -1.4% | -4.6% | +3.2% | 99% |
| Q4 2024 | -1.5% | +2.1% | -3.6% | 99% |
| Q3 2024 | +6.7% | +5.4% | +1.3% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $2.1B | 309 |
| Q1 2026 | $1.8B | 284 |
| Q4 2025 | $1.9B | 296 |
| Q3 2025 | $1.8B | 291 |
| Q2 2025 | $1.7B | 289 |
| Q1 2025 | $1.5B | 279 |
| Q4 2024 | $1.6B | 280 |
| Q3 2024 | $1.6B | 283 |
| Q2 2024 | $1.6B | 272 |
| Q1 2024 | $1.5B | 268 |
| Q4 2023 | $1.5B | 270 |
| Q3 2023 | $1.3B | 268 |