# EDGAR Filing Document

**Accession Number:** 0000928566
**File Stem:** 0000928566-26-000001
**Filing Date:** 2026-1
**Character Count:** 14250
**Document Hash:** c172bcc27f2e243fb6dfb4a12a807d19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000928566-26-000001.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000928566-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**EFFECTIVENESS DATE**: 20260129

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WASHINGTON CAPITAL MANAGEMENT, INC
- **CENTRAL INDEX KEY:** 0000928566

**ORGANIZATION NAME:**
- **EIN:** 911042342
- **STATE OF INCORPORATION:** WA

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-04478
- **FILM NUMBER:** 26579417

**BUSINESS ADDRESS:**
- **STREET 1:** 1200 SIXTH AVENUE STE 700
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** 2063820825

**MAIL ADDRESS:**
- **STREET 1:** 1200 SIXTH AVENUE STE 700
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WASHINGTON CAPITAL MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990329

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** WASHINGTON CAPITAL MANAGEMENT INC<br>**Address:** 1200 SIXTH AVENUE STE 700<br>SEATTLE, WA 98101

**Form 13F File Number:** 028-04478

**CRD Number (if applicable):** 000105253

**SEC File Number (if applicable):** 801-14263

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Tracey Voll<br>**Title:** Chief Compliance Officer<br>**Phone:** 206-382-0825

**Signature, Place, and Date of Signing:**

/s/Tracey Voll  Seattle, WA  01-28-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 111

**Form 13F Information Table Value Total:** $123220701

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACADEMY SPORTS  OUTDOORS IN | COM | 00402L107 |  | 704436 | 14100 | SH |  | SOLE |  | 14100 | 0 | 0 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 492331 | 1835 | SH |  | SOLE |  | 1835 | 0 | 0 |
| ADOBE INC | COM | 00724F101 |  | 292242 | 835 | SH |  | SOLE |  | 835 | 0 | 0 |
| AGNICO EAGLE MINES LTD | COM | 008474108 |  | 2314932 | 13655 | SH |  | SOLE |  | 13655 | 0 | 0 |
| ALGONQUIN PWR UTILS CORP | COM | 015857105 |  | 367770 | 59800 | SH |  | SOLE |  | 59800 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 666690 | 2130 | SH |  | SOLE |  | 2130 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1474860 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| AMERIPRISE FINL INC | COM | 03076C106 |  | 287339 | 586 | SH |  | SOLE |  | 586 | 0 | 0 |
| APTIV PLC | COM SHS | G3265R107 |  | 1005910 | 13220 | SH |  | SOLE |  | 13220 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 330540 | 3000 | SH |  | SOLE |  | 3000 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 599918 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1257300 | 22860 | SH |  | SOLE |  | 22860 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 |  | 1017897 | 5245 | SH |  | SOLE |  | 5245 | 0 | 0 |
| BILL HOLDINGS INC | COM | 090043100 |  | 670842 | 12300 | SH |  | SOLE |  | 12300 | 0 | 0 |
| BIOMARIN PHARMACEUTICAL INC | COM | 09061G101 |  | 255549 | 4300 | SH |  | SOLE |  | 4300 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 893925 | 4350 | SH |  | SOLE |  | 4350 | 0 | 0 |
| CAVA GROUP INC | COM | 148929102 |  | 428437 | 7300 | SH |  | SOLE |  | 7300 | 0 | 0 |
| CHUBB LIMITED | COM | H1467J104 |  | 227223 | 728 | SH |  | SOLE |  | 728 | 0 | 0 |
| CIENA CORP | COM NEW | 171779309 |  | 1577453 | 6745 | SH |  | SOLE |  | 6745 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 |  | 1355728 | 17600 | SH |  | SOLE |  | 17600 | 0 | 0 |
| COGNEX CORP | COM | 192422103 |  | 237468 | 6600 | SH |  | SOLE |  | 6600 | 0 | 0 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 210725 | 7050 | SH |  | SOLE |  | 7050 | 0 | 0 |
| CONFLUENT INC | CLASS A COM | 20717M103 |  | 846720 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| CONFLUENT INC | NOTE 1/1 | 20717MAB9 |  | 97100 | 100000 | PRN |  | SOLE |  | 100000 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 431886 | 22600 | SH |  | SOLE |  | 22600 | 0 | 0 |
| COTERRA ENERGY INC | COM | 127097103 |  | 773808 | 29400 | SH |  | SOLE |  | 29400 | 0 | 0 |
| CSX CORP | COM | 126408103 |  | 514750 | 14200 | SH |  | SOLE |  | 14200 | 0 | 0 |
| CULLEN FROST BANKERS INC | COM | 229899109 |  | 468531 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| DECKERS OUTDOOR CORP | COM | 243537107 |  | 456148 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| DIODES INC | COM | 254543101 |  | 572344 | 11600 | SH |  | SOLE |  | 11600 | 0 | 0 |
| DOLLAR GEN CORP NEW | COM | 256677105 |  | 849728 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 538580 | 4595 | SH |  | SOLE |  | 4595 | 0 | 0 |
| ELASTIC N V | ORD SHS | N14506104 |  | 241408 | 3200 | SH |  | SOLE |  | 3200 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 980171 | 4797 | SH |  | SOLE |  | 4797 | 0 | 0 |
| ELEMENT SOLUTIONS INC | COM | 28618M106 |  | 612255 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| ELEVANCE HEALTH INC FORMERLY | COM | 036752103 |  | 219094 | 625 | SH |  | SOLE |  | 625 | 0 | 0 |
| EMCOR GROUP INC | COM | 29084Q100 |  | 550611 | 900 | SH |  | SOLE |  | 900 | 0 | 0 |
| EMERSON ELEC CO | COM | 291011104 |  | 1352417 | 10190 | SH |  | SOLE |  | 10190 | 0 | 0 |
| ETSY INC | NOTE 0.250% 6/1 | 29786AAN6 |  | 89200 | 100000 | PRN |  | SOLE |  | 100000 | 0 | 0 |
| EXPEDIA GROUP INC | COM NEW | 30212P303 |  | 878261 | 3100 | SH |  | SOLE |  | 3100 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 584852 | 4860 | SH |  | SOLE |  | 4860 | 0 | 0 |
| FORTIS INC | COM | 349553107 |  | 973356 | 18740 | SH |  | SOLE |  | 18740 | 0 | 0 |
| FORTIVE CORP | COM | 34959J108 |  | 913173 | 16540 | SH |  | SOLE |  | 16540 | 0 | 0 |
| GARTNER INC | COM | 366651107 |  | 378420 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| GE HEALTHCARE TECHNOLOGIES I | COMMON STOCK | 36266G107 |  | 944870 | 11520 | SH |  | SOLE |  | 11520 | 0 | 0 |
| GITLAB INC | CLASS A COM | 37637K108 |  | 664281 | 17700 | SH |  | SOLE |  | 17700 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 873100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HALLIBURTON CO | COM | 406216101 |  | 1125596 | 39830 | SH |  | SOLE |  | 39830 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 679349 | 9120 | SH |  | SOLE |  | 9120 | 0 | 0 |
| HUBBELL INC | COM | 443510607 |  | 532932 | 1200 | SH |  | SOLE |  | 1200 | 0 | 0 |
| HUBSPOT INC | COM | 443573100 |  | 541755 | 1350 | SH |  | SOLE |  | 1350 | 0 | 0 |
| HUMANA INC | COM | 444859102 |  | 650570 | 2540 | SH |  | SOLE |  | 2540 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 816228 | 4200 | SH |  | SOLE |  | 4200 | 0 | 0 |
| IDEX CORP | COM | 45167R104 |  | 231322 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| INSPIRE MED SYS INC | COM | 457730109 |  | 221352 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| ISHARES TR | MSCI ACWI EX US | 464288240 |  | 2291751 | 34139 | SH |  | SOLE |  | 34139 | 0 | 0 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 716326 | 2910 | SH |  | SOLE |  | 2910 | 0 | 0 |
| ITT INC | COM | 45073V108 |  | 898782 | 5180 | SH |  | SOLE |  | 5180 | 0 | 0 |
| JFROG LTD | ORD SHS | M6191J100 |  | 612108 | 9800 | SH |  | SOLE |  | 9800 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 1142270 | 3545 | SH |  | SOLE |  | 3545 | 0 | 0 |
| KEYCORP | COM | 493267108 |  | 1729838 | 83810 | SH |  | SOLE |  | 83810 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 1192699 | 10825 | SH |  | SOLE |  | 10825 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 582736 | 1985 | SH |  | SOLE |  | 1985 | 0 | 0 |
| LABCORP HOLDINGS INC | COM SHS | 504922105 |  | 1182899 | 4715 | SH |  | SOLE |  | 4715 | 0 | 0 |
| LEVI STRAUSS  CO NEW | CL A COM STK | 52736R102 |  | 601460 | 29000 | SH |  | SOLE |  | 29000 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 258763 | 535 | SH |  | SOLE |  | 535 | 0 | 0 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 586362 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| MAXIMUS INC | COM | 577933104 |  | 690560 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 599414 | 6240 | SH |  | SOLE |  | 6240 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 740294 | 7033 | SH |  | SOLE |  | 7033 | 0 | 0 |
| MICROCHIP TECHNOLOGY INC. | COM | 595017104 |  | 1351501 | 21210 | SH |  | SOLE |  | 21210 | 0 | 0 |
| MKS INC. | COM | 55306N104 |  | 878900 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| MOBILEYE GLOBAL INC | COMMON CLASS A | 60741F104 |  | 250560 | 24000 | SH |  | SOLE |  | 24000 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 1005664 | 5795 | SH |  | SOLE |  | 5795 | 0 | 0 |
| MONDAY COM LTD | SHS | M7S64H106 |  | 545972 | 3700 | SH |  | SOLE |  | 3700 | 0 | 0 |
| MONGODB INC | CL A | 60937P106 |  | 776427 | 1850 | SH |  | SOLE |  | 1850 | 0 | 0 |
| MSCI INC | COM | 55354G100 |  | 286865 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| MURPHY USA INC | COM | 626755102 |  | 564928 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| NEUROCRINE BIOSCIENCES INC | COM | 64125C109 |  | 624052 | 4400 | SH |  | SOLE |  | 4400 | 0 | 0 |
| NORDSON CORP | COM | 655663102 |  | 649161 | 2700 | SH |  | SOLE |  | 2700 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 671274 | 2325 | SH |  | SOLE |  | 2325 | 0 | 0 |
| NOVOCURE LTD | ORD SHS | G6674U108 |  | 400830 | 31000 | SH |  | SOLE |  | 31000 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 |  | 658777 | 3035 | SH |  | SOLE |  | 3035 | 0 | 0 |
| PAYLOCITY HLDG CORP | COM | 70438V106 |  | 211213 | 1385 | SH |  | SOLE |  | 1385 | 0 | 0 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 1150102 | 5510 | SH |  | SOLE |  | 5510 | 0 | 0 |
| PURE STORAGE INC | CL A | 74624M102 |  | 549482 | 8200 | SH |  | SOLE |  | 8200 | 0 | 0 |
| QUEST DIAGNOSTICS INC | COM | 74834L100 |  | 308883 | 1780 | SH |  | SOLE |  | 1780 | 0 | 0 |
| REPLIGEN CORP | COM | 759916109 |  | 458808 | 2800 | SH |  | SOLE |  | 2800 | 0 | 0 |
| ROYAL BK CDA | COM | 780087102 |  | 238686 | 1400 | SH |  | SOLE |  | 1400 | 0 | 0 |
| SBA COMMUNICATIONS CORP NEW | CL A | 78410G104 |  | 855928 | 4425 | SH |  | SOLE |  | 4425 | 0 | 0 |
| SLB LIMITED | COM STK | 806857108 |  | 1020908 | 26600 | SH |  | SOLE |  | 26600 | 0 | 0 |
| SOLVENTUM CORP | COM SHS | 83444M101 |  | 769024 | 9705 | SH |  | SOLE |  | 9705 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 10331774 | 21499 | SH |  | SOLE |  | 21499 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 9322528 | 13671 | SH |  | SOLE |  | 13671 | 0 | 0 |
| SPROUTS FMRS MKT INC | COM | 85208M102 |  | 549723 | 6900 | SH |  | SOLE |  | 6900 | 0 | 0 |
| STERIS PLC | SHS USD | G8473T100 |  | 405632 | 1600 | SH |  | SOLE |  | 1600 | 0 | 0 |
| TELEDYNE TECHNOLOGIES INC | COM | 879360105 |  | 255365 | 500 | SH |  | SOLE |  | 500 | 0 | 0 |
| TIMKEN CO | COM | 887389104 |  | 656214 | 7800 | SH |  | SOLE |  | 7800 | 0 | 0 |
| TOPBUILD CORP | COM | 89055F103 |  | 625785 | 1500 | SH |  | SOLE |  | 1500 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 728308 | 14800 | SH |  | SOLE |  | 14800 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 437396 | 1325 | SH |  | SOLE |  | 1325 | 0 | 0 |
| UNITY SOFTWARE INC | NOTE 11/1 | 91332UAB7 |  | 193000 | 200000 | PRN |  | SOLE |  | 200000 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 982086 | 1566 | SH |  | SOLE |  | 1566 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 29100095 | 86796 | SH |  | SOLE |  | 86796 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 1071769 | 14570 | SH |  | SOLE |  | 14570 | 0 | 0 |
| VERTIV HOLDINGS CO | COM CL A | 92537N108 |  | 761447 | 4700 | SH |  | SOLE |  | 4700 | 0 | 0 |
| VISTRA CORP | COM | 92840M102 |  | 209729 | 1300 | SH |  | SOLE |  | 1300 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 307560 | 3300 | SH |  | SOLE |  | 3300 | 0 | 0 |
| WESCO INTL INC | COM | 95082P105 |  | 676674 | 2766 | SH |  | SOLE |  | 2766 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 725376 | 9600 | SH |  | SOLE |  | 9600 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 552350 | 4390 | SH |  | SOLE |  | 4390 | 0 | 0 |

---