SPINNAKER TRUST

Filed: 2/10/2026ACC: 0001158970-26-000001

📋 What this filing means

SPINNAKER TRUST filed this quarterly 13F‑HR report disclosing 297 equity positions with a total reported market value of $1.87B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

297

Positions

$1.87B

Total AUM (reported)

20.10M

Total Shares

Allocation by class

EQUITIES$1.87B100.0%

Portfolio Concentration

Top 3$388.55M20.8%

4–10$414.05M22.2%

11–25$360.10M19.3%

Rest$705.46M37.8%

Top 3 weight

20.8%

Top 10 weight

43.0%

Voting Authority Distribution

Total shares with voting rights: 20.10M

Sole

Full voting authority

18.54M

% of voting shares92.2%

Shared

Joint voting authority

152.02K

% of voting shares0.8%

None

No voting authority

1.41M

% of voting shares7.0%

Investment Discretion (by position count)

Sole256

Shared0

Other41

Dominant voting typeSole · 92.2% of voting shares

Institutional Holdings297

Rows:

State Street SPDR Portfolio S&P

SOLE

Equities

Shares2.17M

TypeSH

Market value$173.81M

9.30%

Sole

2.03M

Shared

5.96K

None

132.43K

Technology Select Sector SPDR

SOLE

Equities

Shares796.24K

TypeSH

Market value$114.63M

6.14%

Sole

777.63K

Shared

1.99K

None

16.62K

iShares ESG MSCI EAFE ETF

SOLE

Equities

Shares1.05M

TypeSH

Market value$100.11M

5.36%

Sole

1.01M

Shared

1.68K

None

45.04K

iShares MSCI USA ESG Select ETF

SOLE

Equities

Shares585.82K

TypeSH

Market value$81.63M

4.37%

Sole

580.48K

Shared

0.00

None

5.34K

iShares Core 1-5 Year USD Bond

DFND

Equities

Shares1.38M

TypeSH

Market value$67.48M

3.61%

Sole

1.31M

Shared

2.21K

None

70.59K

3M Company

SOLE

Equities

Shares403.03K

TypeSH

Market value$64.52M

3.45%

Sole

402.98K

Shared

0.00

None

45.00

Apple Inc

DFND

Equities

Shares212.74K

TypeSH

Market value$57.83M

3.10%

Sole

196.44K

Shared

5.73K

None

10.57K

Microsoft Corp

DFND

Equities

Shares118.64K

TypeSH

Market value$57.38M

3.07%

Sole

87.29K

Shared

25.31K

None

6.05K

Berkshire Hathaway Inc - CL B

DFND

Equities

Shares99.54K

TypeSH

Market value$50.04M

2.68%

Sole

96.14K

Shared

2.09K

None

1.31K

BlackRock US Equity Factor Rota

SOLE

Equities

Shares578.29K

TypeSH

Market value$35.17M

1.88%

Sole

537.25K

Shared

2.21K

None

38.83K

iShares Gold Trust

SOLE

Equities

Shares416.03K

TypeSH

Market value$33.77M

1.81%

Sole

388.93K

Shared

527.00

None

26.57K

Alphabet Inc CL C

DFND

Equities

Shares101.87K

TypeSH

Market value$31.97M

1.71%

Sole

91.77K

Shared

5.79K

None

4.32K

Financial Select Sector SPDR

SOLE

Equities

Shares537.50K

TypeSH

Market value$29.44M

1.58%

Sole

515.71K

Shared

585.00

None

21.21K

Healthcare Select Sector SPDR

SOLE

Equities

Shares184.37K

TypeSH

Market value$28.54M

1.53%

Sole

180.15K

Shared

0.00

None

4.22K

SPDR S&P 500 ETF Trust

SOLE

Equities

Shares36.98K

TypeSH

Market value$25.22M

1.35%

Sole

35.51K

Shared

75.00

None

1.40K

Invesco QQQ Trust

SOLE

Equities

Shares40.93K

TypeSH

Market value$25.14M

1.35%

Sole

37.45K

Shared

163.00

None

3.32K

Ares Capital Corporation

SOLE

Equities

Shares1.21M

TypeSH

Market value$24.50M

1.31%

Sole

1.08M

Shared

3.49K

None

126.35K

SPDR Portfolio S&P 600 Small Ca

SOLE

Equities

Shares514.22K

TypeSH

Market value$24.10M

1.29%

Sole

488.37K

Shared

733.00

None

25.11K

SPDR S&P 500 Fossil Fuel Reserv

SOLE

Equities

Shares427.85K

TypeSH

Market value$24.04M

1.29%

Sole

379.25K

Shared

0.00

None

48.60K

Consumer Discretionary Select S

SOLE

Equities

Shares197.16K

TypeSH

Market value$23.54M

1.26%

Sole

192.68K

Shared

0.00

None

4.47K

JPMorgan Chase & Co

DFND

Equities

Shares64.64K

TypeSH

Market value$20.83M

1.11%

Sole

57.04K

Shared

4.24K

None

3.37K

Broadcom Inc.

SOLE

Equities

Shares52.01K

TypeSH

Market value$18.00M

0.96%

Sole

44.10K

Shared

5.55K

None

2.36K

Amazon Com Inc

DFND

Equities

Shares75.89K

TypeSH

Market value$17.52M

0.94%

Sole

63.78K

Shared

5.70K

None

6.41K

SPDR Portfolio Long Term Treasu

DFND

Equities

Shares654.25K

TypeSH

Market value$17.32M

0.93%

Sole

625.67K

Shared

880.00

None

27.70K

Goldman Sachs Access Ultra Shor

DFND

Equities

Shares320.67K

TypeSH

Market value$16.18M

0.87%

Sole

304.99K

Shared

490.00

None

15.19K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	Shared	None
State Street SPDR Portfolio S&PSOLE	Equities	2.17M	SH	$173.81M 9.30%	2.03M	5.96K	132.43K
Technology Select Sector SPDRSOLE	Equities	796.24K	SH	$114.63M 6.14%	777.63K	1.99K	16.62K
iShares ESG MSCI EAFE ETFSOLE	Equities	1.05M	SH	$100.11M 5.36%	1.01M	1.68K	45.04K
iShares MSCI USA ESG Select ETFSOLE	Equities	585.82K	SH	$81.63M 4.37%	580.48K	0.00	5.34K
iShares Core 1-5 Year USD BondDFND	Equities	1.38M	SH	$67.48M 3.61%	1.31M	2.21K	70.59K
3M CompanySOLE	Equities	403.03K	SH	$64.52M 3.45%	402.98K	0.00	45.00
Apple IncDFND	Equities	212.74K	SH	$57.83M 3.10%	196.44K	5.73K	10.57K
Microsoft CorpDFND	Equities	118.64K	SH	$57.38M 3.07%	87.29K	25.31K	6.05K
Berkshire Hathaway Inc - CL BDFND	Equities	99.54K	SH	$50.04M 2.68%	96.14K	2.09K	1.31K
BlackRock US Equity Factor RotaSOLE	Equities	578.29K	SH	$35.17M 1.88%	537.25K	2.21K	38.83K
iShares Gold TrustSOLE	Equities	416.03K	SH	$33.77M 1.81%	388.93K	527.00	26.57K
Alphabet Inc CL CDFND	Equities	101.87K	SH	$31.97M 1.71%	91.77K	5.79K	4.32K
Financial Select Sector SPDRSOLE	Equities	537.50K	SH	$29.44M 1.58%	515.71K	585.00	21.21K
Healthcare Select Sector SPDRSOLE	Equities	184.37K	SH	$28.54M 1.53%	180.15K	0.00	4.22K
SPDR S&P 500 ETF TrustSOLE	Equities	36.98K	SH	$25.22M 1.35%	35.51K	75.00	1.40K
Invesco QQQ TrustSOLE	Equities	40.93K	SH	$25.14M 1.35%	37.45K	163.00	3.32K
Ares Capital CorporationSOLE	Equities	1.21M	SH	$24.50M 1.31%	1.08M	3.49K	126.35K
SPDR Portfolio S&P 600 Small CaSOLE	Equities	514.22K	SH	$24.10M 1.29%	488.37K	733.00	25.11K
SPDR S&P 500 Fossil Fuel ReservSOLE	Equities	427.85K	SH	$24.04M 1.29%	379.25K	0.00	48.60K
Consumer Discretionary Select SSOLE	Equities	197.16K	SH	$23.54M 1.26%	192.68K	0.00	4.47K
JPMorgan Chase & CoDFND	Equities	64.64K	SH	$20.83M 1.11%	57.04K	4.24K	3.37K
Broadcom Inc.SOLE	Equities	52.01K	SH	$18.00M 0.96%	44.10K	5.55K	2.36K
Amazon Com IncDFND	Equities	75.89K	SH	$17.52M 0.94%	63.78K	5.70K	6.41K
SPDR Portfolio Long Term TreasuDFND	Equities	654.25K	SH	$17.32M 0.93%	625.67K	880.00	27.70K
Goldman Sachs Access Ultra ShorDFND	Equities	320.67K	SH	$16.18M 0.87%	304.99K	490.00	15.19K

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