On Jan. 14, 2026, Lantz Financial LLC disclosed a purchase of 125,500 shares of Harbor Long-Term Growers ETF (WINN 1.46%), with an estimated transaction value of $3.93 million based on the quarterly average pricing.
What happened
According to a SEC filing dated Jan. 14, 2026, Lantz Financial LLC bought 125,500 additional shares of Harbor Long-Term Growers ETF, with an estimated transaction value of $3.93 million based on the average quarterly closing price. The fund’s quarter-end position value grew by $3.90 million, including both the new shares and price movements during the period.
What else to know
This buy lifts WINN to 1.57% of Lantz Financial LLC’s reportable U.S. equity AUM following the trade.
Top holdings after the filing:
- iShares Core S&P 500 ETF: $29.00 million (6.1% of AUM)
- Capital Group International Focus Equity ETF: $17.49 million (3.7% of AUM)
- iShares Core High Dividend ETF: $13.32 million (2.8% of AUM)
- Vanguard Total Stock Market ETF: $12.77 million (2.7% of AUM)
- Microsoft: $12.76 million (2.7% of AUM)
As of Jan. 14, 2026, shares of WINN were priced at $30.95, down 5.3% from its 52-week high. WINN’s one-year total return was 15.5%, trailing the S&P 500 by 4.4 percentage points over the same period.
ETF overview
| Metric | Value |
|---|---|
| AUM | $1.09 billion |
| Price (as of market close Jan. 14, 2026) | $30.95 |
| 1-year total return | 15.5% |
ETF snapshot
Harbor Long-Term Growers ETF's:
- Investment strategy focuses on U.S. equity securities with above-average long-term growth prospects, with up to 20% allocation to foreign issuers, including emerging markets.
- Portfolio primarily consists of common and preferred stocks, with a non-diversified structure allowing concentrated positions in select growth companies.
- Expense ratio is 0.57%; the fund is structured as an ETF, providing liquidity and intraday trading access to institutional and retail investors.
Harbor Long-Term Growers ETF seeks to deliver capital appreciation by investing in a concentrated portfolio of growth-oriented equities. The fund leverages an active management approach to identify U.S. and select international companies with strong long-term growth potential. Its non-diversified structure enables targeted exposure to high-conviction holdings, appealing to investors seeking focused growth strategies within an ETF wrapper.
What this transaction means for investors
Lantz Financial's doubling of its WINN position is certainly eye-catching. Not only did it push the ETF into the firm's 14th-largest position, but the purchases occurred while WINN traded near all-time highs. Since debuting on the public markets in 2022, WINN has delivered annualized total returns of 13.9%, compared with the S&P 500's 13.3%. However, before investors pile into the ETF thanks to its slight underperformance, there are a few things they might want to know first.
The main issue is that the Magnificent Seven equal 47% of WINN's portfolio, whereas this figure sits at 35% for the S&P 500. This isn't a dramatic difference, but it makes WINN a more concentrated bet on the tech-heavy holdings. Furthermore, WINN holds only 72 stocks, making it less diversified and more volatile than a vanilla S&P 500 ETF. On top of this issue, WINN charges a 0.57% expense ratio, which is multiples higher than most S&P 500 trackers. Lastly, WINN trades at 37 times earnings, due to its outsize exposure to the Magnificent Seven, while the S&P 500 as a whole trades at just 28 times earnings.
While I can understand Lantz's interest in WINN, I think individual investors would be better off picking their favorite stocks among the ETF's holdings rather than taking on extra risk to essentially match the S&P 500's returns.
