Winslow Capital Management, LLC

Winslow Capital Management, LLC

Diversified strategyMomentum followerSector-focused

Total reported value

$25.6B

Reporting period: 2026-03-31 · Number of holdings: 149

Winslow Capital Management, LLC disclosed 149 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $25.6B and a quarterly turnover rate of 48.5%.

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Personality snowflake

Concentration
18.51
Portfolio Stability
48.55
Momentum/Contrarian
100
Sector conviction
89.48
Diversification
100
Sizing Uniformity
86.56

Recent moves

  • Trim MSFT

    -29.1%　-$1.4B

  • Trim AMZN

    -32.9%　-$743.9M

  • Add ASML

    +184463.7%　$463.0M

  • Add AAPL

    +11.8%　$111.0M

  • Add BKNG

    +225302.8%　$345.0M

  • Add GE

    +85.6%　$278.9M

Holdings Map

New buyAddUnchangedTrim

Institutional Game-State Analysis

Core Intent

Winslow Capital Management executed a sharp sector rotation in Q1 2026, slashing mega-cap tech exposure (MSFT down 370bps, AMZN down 188bps) while pivoting into semiconductor equipment (ASML new buy) and travel (BKNG new buy). This is not a defensive repositioning — it's an aggressive momentum-chasing recalibration, swapping out of consensus winners for what they perceive as the next leg of the cycle.

Macro & Fundamentals

By ditching core names like MSFT and AMZN and loading up on ASML and BKNG, Winslow is pricing in a continued capital expenditure supercycle driven by AI infrastructure but fading the platform layer beneficiaries. The opposing thesis: if AI monetization disappoints or credit conditions tighten, both semis and travel discretionary are first to get hit, and the reduction in high-quality tech doesn't hedge against that.

Blind Spots / Risks

Despite a low HHI (0.046), Winslow’s extreme momentum tilt (score 100, tilt 0.91) means it has effectively turned its 60-stock portfolio into a single-factor bet. The simultaneous trimming of mega-caps and addition of ASML exposes a liquidity trap: ASML’s larger notional size after the add could be harder to exit quickly if momentum reverses, especially given its strategic sensitivity to export restrictions.

The above is AI-generated from public regulatory filings and summarizes historical data only. It is not investment advice.

Top 10 holdings by weight

Full holdings list this quarter

Showing top 60 holdings (of 149 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1NVDANvidia CORPStock-Tech11.32%+0.71%-1.57%
2AAPLApple INCStock-Tech9.16%+1.65%+11.83%
3GOOGAlphabet Inc-cl CStock-Comm Services7.43%—+10.24%
4MSFTMicrosoft CORPStock-Tech6.48%-3.80%-29.15%
5AVGOBroadcom INCStock-Tech6.17%+1.00%+14.86%
6AMZNAmazon.com INCStock-Consumer Disc4.40%-1.88%-32.92%
7METAMeta Platforms Inc-class AStock-Comm Services3.88%-0.18%-5.22%
8LLYEli Lilly & CoStock-Healthcare2.72%-0.02%+0.05%
9GEGeneral ElectricStock-Industrials2.64%+1.30%+85.61%
10NFLXNetflix INCStock-Comm Services2.35%+0.58%+10.96%
11TSLATesla INCStock-Consumer Disc2.12%-0.15%-3.46%
12ISRGIntuitive Surgical INCStock-Healthcare2.09%-0.33%-8.60%
13HLTHilton Worldwide Holdings InStock-Consumer Disc2.07%+0.46%+4.58%
14PLTRPalantir Technologies Inc-aStock-Tech1.97%+1.09%+135.03%
15SNOWSnowflake INCStock-Tech1.90%-0.41%+3.41%
16GEVGE Vernova INCStock-Industrials1.82%—-27.13%
17ASMLASML Holding N.V.Stock-Tech1.81%+1.81%+184463.68%
18MAMastercard INC - AStock-Financials1.63%-0.75%-32.49%
19VVisa Inc-class A SharesStock-Financials1.60%-0.74%-31.71%
20AMDAdvanced Micro DevicesStock-Tech1.50%+0.90%+127.89%
21PWRQuanta Services INCStock-Industrials1.50%+0.54%+3.92%
22SHOPShopify INC - Class AStock-Tech1.40%-0.20%+2.30%
23BKNGBooking Holdings INCStock-Consumer Disc1.35%+1.35%+225302.80%
24HWMHowmet Aerospace INCStock-Industrials1.34%—-5.27%
25PHParker Hannifin CORPStock-Industrials1.33%+0.85%+132.71%
26TTTrane Technologies plcStock-Industrials1.29%+1.25%+2714.18%
27MCKMckesson CORPStock-Healthcare1.28%+0.08%-13.15%
28ELANElanco Animal Health INCStock-Healthcare1.27%+1.27%NEW
29SPOTSpotify Technology S.A.Stock-Comm Services1.17%-0.99%-44.14%
30ADIAnalog Devices INCStock-Tech1.12%+0.59%+58.29%
31INTUIntuit INCStock-Tech1.10%-0.92%-28.37%
32ORLYO'reilly Automotive INCStock-Consumer Disc1.06%+1.06%+19799.85%
33CHRWC.h. Robinson Worldwide INCStock-Industrials1.02%+1.02%NEW
34ANETArista Networks INCStock-Tech0.99%—+8.90%
35KLACKla CORPStock-Tech0.92%+0.53%+66.65%
36VRTVertiv Holdings Co-aStock-Industrials0.84%+0.84%+19624.61%
37MUMicron Technology INCStock-Tech0.77%+0.77%NEW
38APPApplovin Corp-class AStock-Tech0.67%+0.67%NEW
39APHAmphenol Corp-cl AStock-Tech0.65%-1.03%-64.13%
40MSMorgan StanleyStock-Financials0.62%+0.62%NEW
41SYKStryker CORPStock-Healthcare0.56%-0.98%-66.13%
42CMECme Group INCStock-Financials0.56%+0.56%NEW
43ECLEcolab INCStock-Materials0.55%—-16.60%
44TXNTexas Instruments INCStock-Tech0.52%+0.52%NEW
45ORCLOracle CORPStock-Tech0.27%-0.86%-72.72%
46NOWServicenow INCStock-Tech0.20%-1.23%-82.03%
47COMPCompass INC - Class AStock-Real Estate0.20%——
48IWFIshares Russell 1000 GrowthETF-Other0.15%—+30.91%
49TEAMAtlassian Corp-cl AStock-Tech0.15%+0.15%NEW
50COSTCostco Wholesale CORPStock-Consumer Staples0.04%——
1–50 of 60

Holding changes this quarter

Winslow Capital Management, LLC's most significant position changes for 2026-03-31: Sold out: Doordash INC - A (DASH); Sold out: Vertex Pharmaceuticals INC (VRTX); Sold out: Cadence Design Sys INC (CDNS); Sold out: Cintas CORP (CTAS); New buy: Elanco Animal Health INC (ELAN).

Position changes disclosed by Winslow Capital Management, LLC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1ASMLASML Holding N.V.+1.8%+184463.68%Add
2AAPLApple INC+1.7%+11.83%Add
3BKNGBooking Holdings INC+1.4%+225302.80%Add
4GEGeneral Electric+1.3%+85.61%Add
5TTTrane Technologies plc+1.3%+2714.18%Add
6PLTRPalantir Technologies Inc-a+1.1%+135.03%Add
7ORLYO'reilly Automotive INC+1.1%+19799.85%Add
8AVGOBroadcom INC+1%+14.86%Add
9AMDAdvanced Micro Devices+0.9%+127.89%Add
10PHParker Hannifin CORP+0.9%+132.71%Add
11VRTVertiv Holdings Co-a+0.8%+19624.61%Add
12NVDANvidia CORP+0.7%-1.57%Trim
13ADIAnalog Devices INC+0.6%+58.29%Add
14NFLXNetflix INC+0.6%+10.96%Add
15PWRQuanta Services INC+0.5%+3.92%Add
16KLACKla CORP+0.5%+66.65%Add
17HLTHilton Worldwide Holdings In+0.5%+4.58%Add
18MCKMckesson CORP+0.1%-13.15%Trim
19LLYEli Lilly & Co0%+0.05%Add
20TSLATesla INC-0.2%-3.46%Trim
21METAMeta Platforms Inc-class A-0.2%-5.22%Trim
22SHOPShopify INC - Class A-0.2%+2.30%Add
23ISRGIntuitive Surgical INC-0.3%-8.60%Trim
24SNOWSnowflake INC-0.4%+3.41%Add
25VVisa Inc-class A Shares-0.7%-31.71%Trim
26MAMastercard INC - A-0.8%-32.49%Trim
27ORCLOracle CORP-0.9%-72.72%Trim
28INTUIntuit INC-0.9%-28.37%Trim
29SYKStryker CORP-1%-66.13%Trim
30SPOTSpotify Technology S.A.-1%-44.14%Trim
31APHAmphenol Corp-cl A-1%-64.13%Trim
32NOWServicenow INC-1.2%-82.03%Trim
33AMZNAmazon.com INC-1.9%-32.92%Trim
34MSFTMicrosoft CORP-3.8%-29.15%Trim
35DASHDoordash INC - A—EXITSold out
36VRTXVertex Pharmaceuticals INC—EXITSold out
37CDNSCadence Design Sys INC—EXITSold out
38CTASCintas CORP—EXITSold out
39ELANElanco Animal Health INC—NEWNew buy
40AXONAxon Enterprise INC—EXITSold out
41ARESAres Management CORP - A—EXITSold out
42KKRKkr & Co INC—EXITSold out
43CHRWC.h. Robinson Worldwide INC—NEWNew buy
44NDAQNasdaq INC—EXITSold out
45MUMicron Technology INC—NEWNew buy
46APPApplovin Corp-class A—NEWNew buy
47MSMorgan Stanley—NEWNew buy
48CMECme Group INC—NEWNew buy
49TXNTexas Instruments INC—NEWNew buy
50TEAMAtlassian Corp-cl A—NEWNew buy

FAQ

What is Winslow Capital Management, LLC and what type of investor is it?
Winslow Capital Management, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $25.6B, spread across 149 disclosed positions.
What are Winslow Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, Winslow Capital Management, LLC's top holdings by market value are: 1. Nvidia CORP (NVDA) — $2.9B (11.3%) 2. Apple INC (AAPL) — $2.3B (9.2%) 3. Alphabet Inc-cl C (GOOG) — $1.9B (7.4%) 4. Microsoft CORP (MSFT) — $1.7B (6.5%) 5. Broadcom INC (AVGO) — $1.6B (6.2%)
What changes did Winslow Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Winslow Capital Management, LLC made 50 notable position adjustments: 8 new positions were initiated, 19 existing holdings were added to, 15 positions were partially reduced, and 8 were completely exited. The largest of these moves: Sold out: Doordash INC - A (DASH); Sold out: Vertex Pharmaceuticals INC (VRTX); Sold out: Cadence Design Sys INC (CDNS); Sold out: Cintas CORP (CTAS); New buy: Elanco Animal Health INC (ELAN)
What sectors does Winslow Capital Management, LLC focus on?
Winslow Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 49.2% • Communication Services: 14.9% • Industrials: 11.8% • Consumer Discretionary: 11.0% • Health Care: 7.9% • Financials: 4.4%

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