SPINNAKER TRUST

Filed: 8/4/2025ACC: 0001158970-25-000005

📋 What this filing means

SPINNAKER TRUST filed this quarterly 13F‑HR report disclosing 290 equity positions with a total reported market value of $1.66B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

290

Positions

$1.66B

Total AUM (reported)

18.79M

Total Shares

Allocation by class

EQUITIES$1.66B100.0%

Portfolio Concentration

Top 3$343.46M20.7%

4–10$369.83M22.2%

11–25$304.37M18.3%

Rest$644.98M38.8%

Top 3 weight

20.7%

Top 10 weight

42.9%

Voting Authority Distribution

Total shares with voting rights: 18.79M

Sole

Full voting authority

17.36M

% of voting shares92.4%

Shared

Joint voting authority

168.17K

% of voting shares0.9%

None

No voting authority

1.26M

% of voting shares6.7%

Investment Discretion (by position count)

Sole248

Shared0

Other42

Dominant voting typeSole · 92.4% of voting shares

Institutional Holdings290

Rows:

SPDR Portfolio S&P 500 ETF

SOLE

Equities

Shares2.05M

TypeSH

Market value$149.25M

8.98%

Sole

1.92M

Shared

5.96K

None

129.76K

Technology Select Sector SPDR

SOLE

Equities

Shares399.76K

TypeSH

Market value$101.23M

6.09%

Sole

389.95K

Shared

995.00

None

8.82K

iShares ESG MSCI EAFE ETF

SOLE

Equities

Shares1.04M

TypeSH

Market value$92.98M

5.59%

Sole

994.18K

Shared

1.68K

None

46.26K

iShares MSCI USA ESG Select ETF

SOLE

Equities

Shares594.65K

TypeSH

Market value$75.37M

4.53%

Sole

589.31K

Shared

0.00

None

5.34K

iShares Core 1-5 Year USD Bond

DFND

Equities

Shares1.34M

TypeSH

Market value$65.11M

3.92%

Sole

1.27M

Shared

2.05K

None

65.43K

3M Company

SOLE

Equities

Shares409.80K

TypeSH

Market value$62.39M

3.75%

Sole

409.75K

Shared

0.00

None

45.00

Microsoft Corp

DFND

Equities

Shares115.73K

TypeSH

Market value$57.57M

3.46%

Sole

83.39K

Shared

25.41K

None

6.93K

Apple Inc

DFND

Equities

Shares212.02K

TypeSH

Market value$43.50M

2.62%

Sole

194.40K

Shared

5.73K

None

11.88K

Berkshire Hathaway Inc - CL B

DFND

Equities

Shares79K

TypeSH

Market value$38.37M

2.31%

Sole

75.75K

Shared

2.09K

None

1.15K

BlackRock US Equity Factor Rota

SOLE

Equities

Shares505.29K

TypeSH

Market value$27.52M

1.66%

Sole

465.30K

Shared

2.21K

None

37.78K

iShares Gold Trust

SOLE

Equities

Shares438.43K

TypeSH

Market value$27.34M

1.64%

Sole

410.17K

Shared

563.00

None

27.70K

Financial Select Sector SPDR

SOLE

Equities

Shares492.60K

TypeSH

Market value$25.80M

1.55%

Sole

472.60K

Shared

585.00

None

19.41K

Healthcare Select Sector SPDR

SOLE

Equities

Shares184.04K

TypeSH

Market value$24.81M

1.49%

Sole

179.99K

Shared

0.00

None

4.05K

SPDR Portfolio S&P 600 Small Ca

SOLE

Equities

Shares538.53K

TypeSH

Market value$22.94M

1.38%

Sole

511.55K

Shared

733.00

None

26.25K

SPDR S&P 500 ETF Trust

SOLE

Equities

Shares36.63K

TypeSH

Market value$22.63M

1.36%

Sole

35.47K

Shared

75.00

None

1.09K

Consumer Discretionary Select S

SOLE

Equities

Shares101.88K

TypeSH

Market value$22.14M

1.33%

Sole

99.50K

Shared

0.00

None

2.38K

Invesco QQQ Trust

SOLE

Equities

Shares39.48K

TypeSH

Market value$21.78M

1.31%

Sole

35.95K

Shared

163.00

None

3.36K

Ares Capital Corporation

SOLE

Equities

Shares904.30K

TypeSH

Market value$19.86M

1.19%

Sole

814.37K

Shared

1.88K

None

88.05K

JPMorgan Chase & Co

DFND

Equities

Shares63.78K

TypeSH

Market value$18.49M

1.11%

Sole

56.02K

Shared

4.24K

None

3.52K

Alphabet Inc CL C

DFND

Equities

Shares101.73K

TypeSH

Market value$18.05M

1.09%

Sole

91.28K

Shared

5.79K

None

4.66K

SPDR Portfolio Long Term Treasu

DFND

Equities

Shares650.95K

TypeSH

Market value$17.30M

1.04%

Sole

623.38K

Shared

880.00

None

26.68K

Home Depot Inc

DFND

Equities

Shares43.69K

TypeSH

Market value$16.02M

0.96%

Sole

39.26K

Shared

2.15K

None

2.28K

Broadcom Inc.

SOLE

Equities

Shares57.64K

TypeSH

Market value$15.89M

0.96%

Sole

48.97K

Shared

5.76K

None

2.92K

Amazon Com Inc

DFND

Equities

Shares71.75K

TypeSH

Market value$15.74M

0.95%

Sole

59.54K

Shared

5.70K

None

6.51K

Goldman Sachs Access Ultra Shor

DFND

Equities

Shares308.27K

TypeSH

Market value$15.59M

0.94%

Sole

293.60K

Shared

490.00

None

14.18K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
SPDR Portfolio S&P 500 ETFSOLE	Equities	2.05M	SH	$149.25M 8.98%	1.92M	5.96K	129.76K
Technology Select Sector SPDRSOLE	Equities	399.76K	SH	$101.23M 6.09%	389.95K	995.00	8.82K
iShares ESG MSCI EAFE ETFSOLE	Equities	1.04M	SH	$92.98M 5.59%	994.18K	1.68K	46.26K
iShares MSCI USA ESG Select ETFSOLE	Equities	594.65K	SH	$75.37M 4.53%	589.31K	0.00	5.34K
iShares Core 1-5 Year USD BondDFND	Equities	1.34M	SH	$65.11M 3.92%	1.27M	2.05K	65.43K
3M CompanySOLE	Equities	409.80K	SH	$62.39M 3.75%	409.75K	0.00	45.00
Microsoft CorpDFND	Equities	115.73K	SH	$57.57M 3.46%	83.39K	25.41K	6.93K
Apple IncDFND	Equities	212.02K	SH	$43.50M 2.62%	194.40K	5.73K	11.88K
Berkshire Hathaway Inc - CL BDFND	Equities	79K	SH	$38.37M 2.31%	75.75K	2.09K	1.15K
BlackRock US Equity Factor RotaSOLE	Equities	505.29K	SH	$27.52M 1.66%	465.30K	2.21K	37.78K
iShares Gold TrustSOLE	Equities	438.43K	SH	$27.34M 1.64%	410.17K	563.00	27.70K
Financial Select Sector SPDRSOLE	Equities	492.60K	SH	$25.80M 1.55%	472.60K	585.00	19.41K
Healthcare Select Sector SPDRSOLE	Equities	184.04K	SH	$24.81M 1.49%	179.99K	0.00	4.05K
SPDR Portfolio S&P 600 Small CaSOLE	Equities	538.53K	SH	$22.94M 1.38%	511.55K	733.00	26.25K
SPDR S&P 500 ETF TrustSOLE	Equities	36.63K	SH	$22.63M 1.36%	35.47K	75.00	1.09K
Consumer Discretionary Select SSOLE	Equities	101.88K	SH	$22.14M 1.33%	99.50K	0.00	2.38K
Invesco QQQ TrustSOLE	Equities	39.48K	SH	$21.78M 1.31%	35.95K	163.00	3.36K
Ares Capital CorporationSOLE	Equities	904.30K	SH	$19.86M 1.19%	814.37K	1.88K	88.05K
JPMorgan Chase & CoDFND	Equities	63.78K	SH	$18.49M 1.11%	56.02K	4.24K	3.52K
Alphabet Inc CL CDFND	Equities	101.73K	SH	$18.05M 1.09%	91.28K	5.79K	4.66K
SPDR Portfolio Long Term TreasuDFND	Equities	650.95K	SH	$17.30M 1.04%	623.38K	880.00	26.68K
Home Depot IncDFND	Equities	43.69K	SH	$16.02M 0.96%	39.26K	2.15K	2.28K
Broadcom Inc.SOLE	Equities	57.64K	SH	$15.89M 0.96%	48.97K	5.76K	2.92K
Amazon Com IncDFND	Equities	71.75K	SH	$15.74M 0.95%	59.54K	5.70K	6.51K
Goldman Sachs Access Ultra ShorDFND	Equities	308.27K	SH	$15.59M 0.94%	293.60K	490.00	14.18K

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