# EDGAR Filing Document

**Accession Number:** 0001484018
**File Stem:** 0002000324-25-002123
**Filing Date:** 2025-6
**Character Count:** 32339
**Document Hash:** ec6abe2ae2f2a5069e47ba37423ea74b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002000324-25-002123.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0002000324-25-002123

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Spinnaker ETF Series
- **CENTRAL INDEX KEY:** 0001484018

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22398
- **FILM NUMBER:** 251072332

**BUSINESS ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069
- **BUSINESS PHONE:** 252-972-9922

**MAIL ADDRESS:**
- **STREET 1:** 116 SOUTH FRANKLIN STREET
- **STREET 2:** POST OFFICE BOX 69
- **CITY:** ROCKY MOUNT
- **STATE:** NC
- **ZIP:** 27802-0069

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Spinnaker ETF Trust
- **DATE OF NAME CHANGE:** 20100212

## Series and Classes Contracts Data

### Genter Capital Dividend Income ETF (Series ID: S000089486)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000256067 | Genter Capital Dividend Income ETF | GEND            |

## Nport-Ex

---

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| XTR_FUND | XTR_FNDDSC | XTR_TKR | XTR_DESC1 | XTR_DESC2 | OCC_ID | XTR_CUSIP | XTR_GROUP | XTR_GROUP1 | XTR_GROUP2 | XTR_CATGRY | XTR_CATDSC | XTR_SECTOR | XTR_SECTR1 | XTR_SECTR2 | XTR_CONTRY | XTR_CONDSC | XTR_STATE | XTR_STNAME | XTR_CURNCY | XTR_CURDSC | XTR_MATDAT | XTR_SUBUNT | XTR_SUBDSC | XTR_PRICE | XTR_PRISRC | SECTYPE | SECTYPE2 | RPT_ID | INCLUD_CAT | LEGAL1 | LEGAL2 | LEGAL3 | LEGAL4 | LEGAL5 | LEGAL6 | BAS_Q_DECS | BAS_M_DECS | LCL_P_DECS | LCL_Q_DECS | ISBASCURR | POS_INCOM | CLASS | QTYINDIC | FAS_LEVEL | PROCESS_DATE | SECTOR | FUNDCURR | BASECURR | POS_QTY | POS_ORGCST | POS_AMORT | POS_MKTVAL | RND_MKTVAL | POS_GL | RNDPOS_GL | POS_YIELD | YIELDTOCALL | POS_YTM | POS_YTM_NA | POS_PC_PRT | POS_PC_AST | POS_PC_NAS | POS_ORGFAC | FAS_TODAY_ONLY | LEI | PRICE_ID | PRICINGMETHOD |
| 446 | GENTER CAPITAL DIVIDEND | LMT | Lockheed Martin Corp |  |  | 539830109 | 1002 | Defense |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MD | MARYLAND | USD | US DOLLAR | 1/0/1900 |  |  | 477.75 |  |  |  |  |  | Lockheed Martin Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 437.40 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 36.00 | 17353.82 | 17353.82 | 17199.00 | 17199.00 | -154.82 | -154.82 | 2.54 | False | 0.00 | N/A | 2.87 | 2.86 | 2.86 | 0.00 |  |  | LMT<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MO | Altria Group Inc |  |  | 02209S103 | 1006 | Agriculture |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 59.15 |  |  |  |  |  | Altria Group Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 1728.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 450.00 | 23022.40 | 23022.40 | 26617.50 | 26617.50 | 3595.10 | 3595.10 | 6.49 | False | 0.00 | N/A | 4.43 | 4.42 | 4.42 | 0.00 |  |  | MO<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | COF | Capital One Financia | l Corp |  | 14040H105 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | VA | VIRGINIA | USD | US DOLLAR | 1/0/1900 |  |  | 180.26 |  |  |  |  |  | Capital One Financia | l Corp |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 230.40 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 96.00 | 18100.54 | 18100.54 | 17304.96 | 17304.96 | -795.58 | -795.58 | 1.33 | False | 0.00 | N/A | 2.88 | 2.88 | 2.88 | 0.00 |  |  | COF<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | JPM | JPMorgan Chase & Co |  |  | 46625H100 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 244.62 |  |  |  |  |  | JPMorgan Chase & Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 364.50 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 90.00 | 22475.84 | 22475.84 | 22015.80 | 22015.80 | -460.04 | -460.04 | 1.66 | False | 0.00 | N/A | 3.67 | 3.66 | 3.66 | 0.00 |  |  | JPM<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MTB | M&T Bank Corp |  |  | 55261F104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 169.76 |  |  |  |  |  | M&T Bank Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 717.60 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 138.00 | 27401.27 | 27401.27 | 23426.88 | 23426.88 | -3974.39 | -3974.39 | 3.06 | False | 0.00 | N/A | 3.90 | 3.89 | 3.89 | 0.00 |  |  | MTB<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | NTRS | Northern Trust Corp |  |  | 665859104 | 1015 | Banks |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 93.98 |  |  |  |  |  | Northern Trust Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 510.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 170.00 | 18696.49 | 18696.49 | 15976.60 | 15976.60 | -2719.89 | -2719.89 | 3.19 | False | 0.00 | N/A | 2.66 | 2.65 | 2.66 | 0.00 |  |  | NTRS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | PEP | PepsiCo Inc |  |  | 713448108 | 1016 | Beverages |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 135.58 |  |  |  |  |  | PepsiCo Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 628.02 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 127.00 | 18543.73 | 18543.73 | 17218.66 | 17218.66 | -1325.07 | -1325.07 | 3.65 | False | 0.00 | N/A | 2.87 | 2.86 | 2.86 | 0.00 |  |  | PEP<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | GILD | Gilead Sciences Inc |  |  | 375558103 | 1017 | Biotech |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 106.54 |  |  |  |  |  | Gilead Sciences Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 540.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 180.00 | 16564.94 | 16564.94 | 19177.20 | 19177.20 | 2612.26 | 2612.26 | 2.82 | False | 0.00 | N/A | 3.19 | 3.19 | 3.19 | 0.00 |  |  | GILD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | APD | Air Products & Chemi | cals Inc |  | 009158106 | 1021 | Specialty Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 271.09 |  |  |  |  |  | Air Products & Chemi | cals Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 504.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 72.00 | 21928.61 | 21928.61 | 19518.48 | 19518.48 | -2410.13 | -2410.13 | 2.58 | False | 0.00 | N/A | 3.25 | 3.24 | 3.24 | 0.00 |  |  | APD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | KVUE | Kenvue Inc |  |  | 49177J102 | 1028 | Cosmetics/Personal | Care | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 23.60 |  |  |  |  |  | Kenvue Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 273.60 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 684.00 | 14265.75 | 14265.75 | 16142.40 | 16142.40 | 1876.65 | 1876.65 | 1.69 | False | 0.00 | N/A | 2.69 | 2.68 | 2.68 | 0.00 |  |  | KVUE<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | LKQ | LKQ Corp |  |  | 501889208 | 1032 | Distribution/Wholesa | le | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 38.21 |  |  |  |  |  | LKQ Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 281.25 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 250.00 | 9612.68 | 9612.68 | 9552.50 | 9552.50 | -60.18 | -60.18 | 2.94 | False | 0.00 | N/A | 1.59 | 1.59 | 1.59 | 0.00 |  |  | LKQ<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | BLK | BlackRock Inc |  |  | 09290D101 | 1033 | Diversified Finan Se | rv | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 914.26 |  |  |  |  |  | BlackRock Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 480.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 24.00 | 24121.15 | 24121.15 | 21942.24 | 21942.24 | -2178.91 | -2178.91 | 2.19 | False | 0.00 | N/A | 3.66 | 3.65 | 3.65 | 0.00 |  |  | BLK<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | EVRG | Evergy Inc |  |  | 30034W106 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 69.10 |  |  |  |  |  | Evergy Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 714.24 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 288.00 | 17719.14 | 17719.14 | 19900.80 | 19900.80 | 2181.66 | 2181.66 | 3.59 | False | 0.00 | N/A | 3.32 | 3.31 | 3.31 | 0.00 |  |  | EVRG<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | SRE | Sempra Energy |  |  | 816851109 | 1034 | Electric |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 74.27 |  |  |  |  |  | Sempra Energy |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 552.16 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 232.00 | 18665.13 | 18665.13 | 17230.64 | 17230.64 | -1434.49 | -1434.49 | 3.20 | False | 0.00 | N/A | 2.87 | 2.86 | 2.86 | 0.00 |  |  | SRE<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | EMR | Emerson Electric Co |  |  | 291011104 | 1035 | Electrical Compo&Equ | ip | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | MO | MISSOURI | USD | US DOLLAR | 1/0/1900 |  |  | 105.11 |  |  |  |  |  | Emerson Electric Co |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 362.79 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 174.00 | 20943.64 | 20943.64 | 18289.14 | 18289.14 | -2654.50 | -2654.50 | 1.98 | False | 0.00 | N/A | 3.05 | 3.04 | 3.04 | 0.00 |  |  | EMR<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | GLW | Corning Inc |  |  | 219350105 | 1036 | Electronics |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 44.38 |  |  |  |  |  | Corning Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 336.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 300.00 | 14560.20 | 14560.20 | 13314.00 | 13314.00 | -1246.20 | -1246.20 | 2.52 | False | 0.00 | N/A | 2.22 | 2.21 | 2.21 | 0.00 |  |  | GLW<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MDT | Medtronic PLC |  |  | G5960L103 | 1054 | Healthcare-Products |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 84.76 |  |  |  |  |  | Medtronic PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 429.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 156.00 | 13230.26 | 13230.26 | 13222.56 | 13222.56 | -7.70 | -7.70 | 3.24 | False | 0.00 | N/A | 2.20 | 2.20 | 2.20 | 0.00 |  |  | MDT<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CMCSA | Comcast Corp |  |  | 20030N101 | 1073 | MEDIA |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | PA | PENNSYLVANIA | USD | US DOLLAR | 1/0/1900 |  |  | 34.20 |  |  |  |  |  | Comcast Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 535.92 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 462.00 | 16896.86 | 16896.86 | 15800.40 | 15800.40 | -1096.46 | -1096.46 | 3.39 | False | 0.00 | N/A | 2.63 | 2.63 | 2.63 | 0.00 |  |  | CMCSA<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | PSX | Phillips 66 |  |  | 718546104 | 1083 | Exploration and Prod | uction | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 104.06 |  |  |  |  |  | Phillips 66 |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 554.40 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 132.00 | 15615.90 | 15615.90 | 13735.92 | 13735.92 | -1879.98 | -1879.98 | 4.04 | False | 0.00 | N/A | 2.29 | 2.28 | 2.28 | 0.00 |  |  | PSX<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | ABBV | AbbVie Inc |  |  | 00287Y109 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 1/0/1900 |  |  | 195.10 |  |  |  |  |  | AbbVie Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 532.80 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 90.00 | 15505.92 | 15505.92 | 17559.00 | 17559.00 | 2053.08 | 2053.08 | 3.03 | False | 0.00 | N/A | 2.93 | 2.92 | 2.92 | 0.00 |  |  | ABBV<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | JNJ | Johnson & Johnson |  |  | 478160104 | 1088 | Private Equity |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 156.31 |  |  |  |  |  | Johnson & Johnson |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 507.60 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 108.00 | 15625.53 | 15625.53 | 16881.48 | 16881.48 | 1255.95 | 1255.95 | 3.01 | False | 0.00 | N/A | 2.81 | 2.81 | 2.81 | 0.00 |  |  | JNJ<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | ENB | Enbridge Inc |  |  | 29250N105 | 1089 | Pipelines |  | COMMSTCK | COMMON STOCK |  |  |  | CAD | CANADA |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 46.69 |  |  |  |  |  | Enbridge Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 2130.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 600.00 | 26509.36 | 26509.36 | 28014.00 | 28014.00 | 1504.64 | 1504.64 | 7.60 | False | 0.00 | N/A | 4.67 | 4.65 | 4.66 | 0.00 |  |  | ENB<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | HD | Home Depot Inc/The |  |  | 437076102 | 1095 | Retail |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 360.49 |  |  |  |  |  | Home Depot Inc/The |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 351.12 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 42.00 | 16932.04 | 16932.04 | 15140.58 | 15140.58 | -1791.46 | -1791.46 | 2.32 | False | 0.00 | N/A | 2.52 | 2.52 | 2.52 | 0.00 |  |  | HD<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MCHP | Microchip Technology | Inc |  | 595017104 | 1097 | Semiconductor Device |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | AZ | ARIZONA | USD | US DOLLAR | 1/0/1900 |  |  | 46.08 |  |  |  |  |  | Microchip Technology | Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 333.90 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 210.00 | 9879.58 | 9879.58 | 9676.80 | 9676.80 | -202.78 | -202.78 | 3.45 | False | 0.00 | N/A | 1.61 | 1.61 | 1.61 | 0.00 |  |  | MCHP<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | T | AT&T Inc |  |  | 00206R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | TX | TEXAS | USD | US DOLLAR | 1/0/1900 |  |  | 27.70 |  |  |  |  |  | AT&T Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 979.02 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 882.00 | 19311.12 | 19311.12 | 24431.40 | 24431.40 | 5120.28 | 5120.28 | 4.01 | False | 0.00 | N/A | 4.07 | 4.06 | 4.06 | 0.00 |  |  | T<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CSCO | Cisco Systems Inc |  |  | 17275R102 | 1104 | Telecommunications |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 57.73 |  |  |  |  |  | Cisco Systems Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 632.40 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 408.00 | 24402.92 | 24402.92 | 23553.84 | 23553.84 | -849.08 | -849.08 | 2.68 | False | 0.00 | N/A | 3.92 | 3.91 | 3.91 | 0.00 |  |  | CSCO<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | UPS | United Parcel Servic | e Inc |  | 911312106 | 1107 | Transportation |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | GA | GEORGIA | USD | US DOLLAR | 1/0/1900 |  |  | 95.30 |  |  |  |  |  | United Parcel Servic | e Inc |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 933.12 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 144.00 | 18281.83 | 18281.83 | 13723.20 | 13723.20 | -4558.63 | -4558.63 | 6.80 | False | 0.00 | N/A | 2.29 | 2.28 | 2.28 | 0.00 |  |  | UPS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CVX | Chevron Corp |  |  | 166764100 | A50A | Gas Production & | Distribtuion | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | CA | CALIFORNIA | USD | US DOLLAR | 1/0/1900 |  |  | 136.06 |  |  |  |  |  | Chevron Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 942.24 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 156.00 | 24555.91 | 24555.91 | 21225.36 | 21225.36 | -3330.55 | -3330.55 | 4.44 | False | 0.00 | N/A | 3.54 | 3.53 | 3.53 | 0.00 |  |  | CVX<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | DOW | DOW CHEMICALS |  |  | 260557103 | B10B | Chemicals |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 30.59 |  |  |  |  |  | DOW CHEMICALS |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 957.60 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 342.00 | 13720.99 | 13720.99 | 10461.78 | 10461.78 | -3259.21 | -3259.21 | 9.15 | False | 0.00 | N/A | 1.74 | 1.74 | 1.74 | 0.00 |  |  | DOW<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CRH | CRH PLC |  |  | G25508105 | B902 | Cement |  | COMMSTCK | COMMON STOCK |  |  |  | IEP | IRELAND |  |  | USD | US DOLLAR | 1/0/1900 |  |  | 95.42 |  |  |  |  |  | CRH PLC |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 622.08 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 144.00 | 13698.07 | 13698.07 | 13740.48 | 13740.48 | 42.41 | 42.41 | 4.53 | False | 0.00 | N/A | 2.29 | 2.28 | 2.28 | 0.00 |  | 549300MIDJNNTH068E74 | CRH<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | BMY | Bristol-Myers Squibb | Co |  | 110122108 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NY | NEW YORK | USD | US DOLLAR | 1/0/1900 |  |  | 50.20 |  |  |  |  |  | Bristol-Myers Squibb | Co |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 684.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 300.00 | 16776.43 | 16776.43 | 15060.00 | 15060.00 | -1716.43 | -1716.43 | 4.54 | False | 0.00 | N/A | 2.51 | 2.50 | 2.50 | 0.00 |  |  | BMY<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | CVS | CVS Health Corp |  |  | 126650100 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | RI | RHODE ISLAND | USD | US DOLLAR | 1/0/1900 |  |  | 66.71 |  |  |  |  |  | CVS Health Corp |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 827.64 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 342.00 | 17590.44 | 17590.44 | 22814.82 | 22814.82 | 5224.38 | 5224.38 | 3.63 | False | 0.00 | N/A | 3.80 | 3.79 | 3.79 | 0.00 |  |  | CVS<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | MRK | Merck & Co Inc |  |  | 58933Y105 | G20G | Health Care Services |  | COMMSTCK | COMMON STOCK |  |  |  | USA | UNITED STATES | NJ | NEW JERSEY | USD | US DOLLAR | 1/0/1900 |  |  | 85.20 |  |  |  |  |  | Merck & Co Inc |  |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 444.00 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 150.00 | 15027.41 | 15027.41 | 12780.00 | 12780.00 | -2247.41 | -2247.41 | 3.47 | False | 0.00 | N/A | 2.13 | 2.12 | 2.12 | 0.00 |  |  | MRK<br> N | MP |
| 446 | GENTER CAPITAL DIVIDEND | FGTXX | Goldman Sachs Financ | ial Square Funds - G |  | 38141W273 | 1078 | Money Market Fund |  | MONEYMKT | MONEY MARKET |  |  |  | USA | UNITED STATES | IL | ILLINOIS | USD | US DOLLAR | 5/1/2025 |  |  | 100.00 |  |  |  |  |  | Goldman Sachs Financ | ial Square Funds - G |  |  |  |  | 5 | 2 | 6 | 5<br> N | True | 747.85 | L<br> N |  |  | 4/30/2025<br> C |  | 446;USD | USD | 17630.39 | 17630.39 | 17630.39 | 17630.39 | 17630.39 | 0.00 | 0.00 | 4.24 | False | 4.23 |  | 2.94 | 2.93 | 2.93 | 0.00 |  |  | FGTXX<br> N | AC |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** SPINNAKER ETF SERIES

- **b. Investment Company Act file number:** 811-22398

- **c. CIK number of Registrant:** 0001484018

- **d. LEI of Registrant:** 54930056GHDI2JOI6X90

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 116 SOUTH FRANKLIN STREET

  - **City:** ROCKY MOUNT

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 27804-5707

  - **Telephone number:** 252-972-9922

**Item A.2. Information about the Series.**

- **a. Name of Series:** Genter Capital Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000089486

- **c. LEI of Series:** 5299009A42QC7Y27YI50

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $601834.61

**Total Liabilities:** $183.46

**Net Assets:** $601651.15

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0 | **1-Year:** 0 | **5-Year:** 0 | **10-Year:** 0 | **30-Year:** 0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256067 | 2.59%                | -2.03%               | -4.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $775.08                  | $13763.95                                  |
| Month 2  | $0.00                    | $-15007.03                                 |
| Month 3  | $2945.95                 | $-31525.59                                 |

### Schedule of Portfolio Investments

| Name                 | Title    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc           | COMMSTCK | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |        90 | NS      | $17559.00     | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products & Chemi | COMMSTCK | CUSIP: 009158106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        72 | NS      | $19518.48     | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc        | COMMSTCK | CUSIP: 09290D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        24 | NS      | $21942.24     | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb | COMMSTCK | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       300 | NS      | $15060.00     | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp         | COMMSTCK | CUSIP: 20030N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       462 | NS      | $15800.40     | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financia | COMMSTCK | CUSIP: 14040H105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        96 | NS      | $17304.96     | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC              | COMMSTCK | CUSIP: G25508105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |       144 | NS      | $13740.48     | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc    | COMMSTCK | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |       408 | NS      | $23553.84     | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp      | COMMSTCK | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |       342 | NS      | $22814.82     | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp         | COMMSTCK | CUSIP: 166764100<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | EC               | CORP              | US        |       156 | NS      | $21225.36     | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DOW CHEMICALS        | COMMSTCK | CUSIP: 260557103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       342 | NS      | $10461.78     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co  | COMMSTCK | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       174 | NS      | $18289.14     | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc         | COMMSTCK | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |       600 | NS      | $28014.00     | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc           | COMMSTCK | CUSIP: 30034W106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       288 | NS      | $19900.80     | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc  | COMMSTCK | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       180 | NS      | $19177.20     | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc          | COMMSTCK | CUSIP: 219350105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       300 | NS      | $13314.00     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The   | COMMSTCK | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |        42 | NS      | $15140.58     | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson    | COMMSTCK | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       108 | NS      | $16881.48     | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co  | COMMSTCK | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |        90 | NS      | $22015.80     | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc           | COMMSTCK | CUSIP: 49177J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       684 | NS      | $16142.40     | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp             | COMMSTCK | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |       250 | NS      | $9552.50      | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp | COMMSTCK | CUSIP: 539830109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        36 | NS      | $17199.00     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology | COMMSTCK | CUSIP: 595017104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       210 | NS      | $9676.80      | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC        | COMMSTCK | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |       156 | NS      | $13222.56     | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc     | COMMSTCK | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |       450 | NS      | $26617.50     | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc       | COMMSTCK | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       150 | NS      | $12780.00     | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp        | COMMSTCK | CUSIP: 55261F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       138 | NS      | $23426.88     | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp  | COMMSTCK | CUSIP: 665859104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       170 | NS      | $15976.60     | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc          | COMMSTCK | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       127 | NS      | $17218.66     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66          | COMMSTCK | CUSIP: 718546104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       132 | NS      | $13735.92     | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy        | COMMSTCK | CUSIP: 816851109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       232 | NS      | $17230.64     | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc             | COMMSTCK | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |       882 | NS      | $24431.40     | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Servic | COMMSTCK | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       144 | NS      | $13723.20     | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Financ | MONEYMKT | CUSIP: 38141W273<br>LEI: N/A                  | Long             | STIV             |  | US        |     17630 | NS      | $17630.39     | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-16

**Name of Applicant:** Spinnaker ETF Series

**Signature:** Pete Mccabe

**Name of Signer:** Pete Mccabe

**Title:** Principal Accounting Officer/Principal Financial Officer