Denver PWM, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| SCHWAB STRATEGIC TR | SCHG | $26.5M | 736,260 | +0.15pp | 32q | HELD | |
| ISHARES TR | IBTH | $17.8M | 799,222 | -0.09pp | 10q | -2.6%-$484.4K | |
| SCHWAB STRATEGIC TR | SCHV | $17.8M | 535,334 | -0.24pp | 11q | +0.6%+$106.5K | |
| SCHWAB STRATEGIC TR | SCHM | $17.7M | 521,652 | -0.27pp | 32q | +1.7%+$304.9K | |
| ISHARES TR | HEFA | $16.5M | 354,677 | +0.06pp | 8q | +2.7%+$434.0K | |
| ISHARES TR | IBTI | $15.9M | 724,791 | -0.04pp | 10q | -1.3%-$207.4K | |
| ISHARES TR | IBTG | $15.5M | 675,466 | -0.05pp | 10q | -2.4%-$384.6K | |
| ISHARES TR | IBTJ | $14.8M | 695,280 | +0.06pp | 8q | +1.4%+$210.7K | |
| SCHWAB STRATEGIC TR | SCHF | $14.5M | 526,359 | -0.05pp | 10q | +1.2%+$167.9K | |
| SSGA ACTIVE ETF TR | TOTL | $13.0M | 348,489 | -0.10pp | 17q | HELD | |
| ISHARES TR | IBTK | $13.0M | 684,588 | -0.04pp | 3q | HELD | |
| ISHARES TR | SMLF | $9.5M | 113,867 | -0.01pp | 9q | +6.4%+$575.3K | |
| JANUS DETROIT STR TR | JAAA | $9.5M | 188,015 | +0.02pp | 8q | HELD | |
| ISHARES TR | IJK | $7.4M | 67,273 | -0.07pp | 26q | +4.1%+$292.0K | |
| VANGUARD INDEX FDS | VOO | $5.2M | 7,375 | -0.05pp | 14q | -2.2%-$117.7K | |
| SCHWAB STRATEGIC TR | SCHX | $4.9M | 162,931 | -0.07pp | 32q | -3.5%-$178.7K | |
| PIMCO ETF TR | BOND | $4.6M | 52,800 | -0.08pp | 10q | -2.3%-$106.4K | |
| FIRST TR EXCHNG TRADED FD VI | BUFR | $4.2M | 112,742 | +0.18pp | 2q | +12.9%+$481.3K | |
| ISHARES INC | EMXC | $4.1M | 41,612 | +0.07pp | 8q | +2.0%+$80.0K | |
| J P MORGAN EXCHANGE TRADED F | JAVA | $4.0M | 49,935 | -0.06pp | 10q | HELD | |
| APPLE INC | AAPL | $3.7M | 11,046 | +0.05pp | 32q | -5.6%-$216.5K | |
| CATERPILLAR INC | CAT | $2.9M | 3,584 | -0.04pp | 7q | HELD | |
| MICROSOFT CORP | MSFT | $2.7M | 5,252 | -0.02pp | 32q | -6.5%-$187.7K | |
| ISHARES TR | IPAC | $2.7M | 31,540 | +0.04pp | 12q | +5.2%+$132.9K | |
| ISHARES TR | IVV | $2.6M | 3,419 | flat | 32q | HELD | |
| INVESCO EXCH TRADED FD TR II | SPMO | $2.6M | 16,839 | +0.01pp | 3q | +0.6%+$16.1K | |
| JANUS DETROIT STR TR | JBBB | $2.5M | 53,182 | +0.10pp | 8q | +12.3%+$275.1K | |
| ISHARES TR | EFA | $2.3M | 22,165 | -0.02pp | 32q | HELD | |
| INVESCO QQQ TR | QQQ | $2.3M | 3,073 | - | new | NEW | |
| NVIDIA CORPORATION | NVDA | $2.2M | 9,783 | +0.02pp | 13q | HELD | |
| ISHARES TR | IUSV | $2.1M | 18,626 | -0.04pp | 10q | -3.1%-$65.6K | |
| COSTCO WHOLESALE CORPORATION | COST | $2.0M | 2,159 | -0.03pp | 8q | HELD | |
| ISHARES TR | IWR | $1.8M | 17,086 | -0.06pp | 27q | -2.9%-$53.6K | |
| TRUST FOR PROFESSIONAL MANAG | CLSE | $1.7M | 49,636 | +0.03pp | 3q | +2.8%+$46.0K | |
| EXXONMOBIL HOLDINGS CORP | XOM | $1.5M | 9,329 | - | new | NEW | |
| ISHARES TR | IEFA | $1.5M | 14,984 | -0.04pp | 26q | -4.5%-$68.7K | |
| SCHWAB STRATEGIC TR | SCHA | $1.4M | 41,894 | -0.05pp | 32q | -2.6%-$36.8K | |
| ISHARES TR | IWB | $1.4M | 3,263 | flat | 32q | HELD | |
| LUMENTUM HLDGS INC | LITE | $1.4M | 1,392 | +0.03pp | 3q | HELD | |
| NEWSMAX INC | NMAX | $1.2M | 107,741 | flat | 6q | HELD | |
| ORACLE CORP | ORCL | $1.2M | 8,435 | -0.03pp | 32q | HELD | |
| AMAZON COM INC | AMZN | $993.1K | 3,986 | -0.02pp | 26q | -2.7%-$27.4K | |
| VERIZON COMMUNICATIONS INC | VZ | $913.1K | 19,906 | -0.01pp | 7q | HELD | |
| ALPHABET INC | GOOGL | $796.0K | 2,314 | flat | 6q | HELD | |
| BALL CORP | BALL | $749.5K | 13,376 | - | new | NEW | |
| VANGUARD TAX-MANAGED FDS | VEA | $693.5K | 9,822 | -0.01pp | 16q | HELD | |
| VANGUARD INDEX FDS | VB | $684.0K | 2,404 | -0.02pp | 22q | HELD | |
| JPMORGAN CHASE & CO | JPM | $676.1K | 2,044 | -0.02pp | 21q | HELD | |
| J P MORGAN EXCHANGE TRADED F | HELO | $618.3K | 8,938 | -0.01pp | 10q | -3.6%-$23.0K | |
| VANGUARD INDEX FDS | VUG | $616.0K | 6,836 | flat | 6q | HELD | |
| SCHWAB STRATEGIC TR | SCHB | $598.4K | 20,415 | flat | 32q | HELD | |
| INTEL CORP | INTC | $585.3K | 4,868 | +0.06pp | 3q | +22.4%+$107.0K | |
| BROADCOM INC | AVGO | $565.8K | 1,611 | -0.02pp | 6q | HELD | |
| TESLA INC | TSLA | $532.6K | 1,501 | +0.01pp | 19q | HELD | |
| ISHARES TR | IUSG | $510.8K | 2,636 | -0.02pp | 17q | -10.9%-$62.8K | |
| ALPHABET INC | GOOG | $501.2K | 1,471 | flat | 22q | HELD | |
| GE AEROSPACE | GE | $499.7K | 1,600 | -0.03pp | 10q | HELD | |
| ISHARES TR | IWM | $481.6K | 1,733 | -0.01pp | 32q | HELD | |
| TEXAS INSTRS INC | TXN | $477.5K | 1,705 | flat | 13q | HELD | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $472.6K | 1,036 | flat | 6q | -5.4%-$26.9K | |
| BRISTOL-MYERS SQUIBB CO | BMY | $450.0K | 7,211 | flat | 7q | HELD | |
| INTERNATIONAL BUSINESS MACHS | IBM | $442.9K | 2,014 | -0.01pp | 7q | HELD | |
| AMGEN INC | AMGN | $439.1K | 1,042 | flat | 19q | HELD | |
| MICRON TECHNOLOGY INC | MU | $421.7K | 396 | +0.01pp | 3q | HELD | |
| BOEING CO | BA | $421.2K | 2,264 | -0.03pp | 10q | HELD | |
| VANGUARD INDEX FDS | VTV | $404.7K | 1,873 | flat | 19q | HELD | |
| CVS HEALTH CORP | CVS | $398.5K | 4,650 | -0.02pp | 8q | HELD | |
| DISNEY WALT CO | DIS | $398.0K | 3,794 | flat | 22q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $390.1K | 512 | flat | 3q | HELD | |
| VIAVI SOLUTIONS INC | VIAV | $366.5K | 8,742 | flat | 3q | HELD | |
| META PLATFORMS INC | META | $359.6K | 496 | +0.02pp | 6q | +0.6%+$2.2K | |
| ADVANCED MICRO DEVICES INC | AMD | $356.7K | 583 | +0.02pp | 3q | HELD | |
| ISHARES INC | IEMG | $329.5K | 4,060 | flat | 10q | HELD | |
| PALO ALTO NETWORKS INC | PANW | $322.2K | 811 | flat | 2q | -7.4%-$25.8K | |
| CHARLES SCHWAB CORP (THE) | SCHW | $321.7K | 3,292 | -0.01pp | 25q | HELD | |
| ISHARES TR | IVE | $319.9K | 1,401 | flat | 16q | HELD | |
| HOME DEPOT INC | HD | $318.9K | 1,121 | -0.02pp | 8q | HELD | |
| JOHNSON & JOHNSON | JNJ | $316.9K | 1,197 | flat | 3q | HELD | |
| GILEAD SCIENCES INC | GILD | $313.0K | 2,100 | +0.01pp | 7q | HELD | |
| WELLS FARGO & CO | WFC | $311.3K | 3,889 | -0.01pp | 6q | HELD | |
| GE VERNOVA INC | GEV | $307.6K | 324 | -0.01pp | 3q | HELD | |
| SPDR SERIES TRUST | MDYG | $294.7K | 2,819 | -0.01pp | 32q | HELD | |
| VANGUARD BD INDEX FDS | BND | $270.9K | 3,861 | flat | 6q | HELD | |
| CITIGROUP INC | C | $263.3K | 2,034 | -0.01pp | 3q | HELD | |
| CHEVRON CORPORATION | CVX | $253.4K | 1,241 | flat | 3q | HELD | |
| ELI LILLY & CO | LLY | $250.3K | 216 | flat | 3q | HELD | |
| SPDR SERIES TRUST | SPMD | $242.9K | 3,853 | -0.01pp | 10q | HELD | |
| WALMART INC | WMT | $219.0K | 2,108 | -0.08pp | 10q | -47.5%-$198.6K | |
| INVESCO EXCH TRD SLF IDX FD | BSJS | $204.4K | 9,543 | flat | 2q | +1.0%+$2.0K | |
| YORK SPACE SYSTEMS INC | YSS | $129.8K | 15,000 | -0.01pp | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $7.6M | 2.5% |
| Software & IT Services | $5.5M | 1.8% |
| Other sectors | $21.1M | 7.0% |
| Not classified | $267.2M | 88.7% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -1.2% | +2.1% | -3.3% | 99% |
| Q2 2026 | +9.4% | +14.8% | -5.4% | 94% |
| Q1 2026 | -1.1% | -4.6% | +3.6% | 106% |
| Q4 2025 | +1.0% | +2.4% | -1.3% | 98% |
| Q3 2025 | +4.5% | +7.8% | -3.4% | 100% |
| Q2 2025 | +6.0% | +10.5% | -4.4% | 100% |
| Q1 2025 | -1.6% | -4.6% | +2.9% | 100% |
| Q4 2024 | -1.6% | +2.1% | -3.7% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $301.4M | 90 | 3 | 16 | 18 | 2 | 56.4% | 22 |
| Q2 2026 | $305.7M | 89 | 4 | 29 | 26 | 2 | 56.9% | 49 |
| Q1 2026 | $290.9M | 87 | 16 | 14 | 50 | 5 | 56.5% | 43 |
| Q4 2025 | $299.4M | 76 | 0 | 0 | 0 | 2 | 61.4% | 42 |
| Q3 2025 | $320.7M | 78 | 0 | 1 | 0 | 0 | 59.0% | 31 |
| Q2 2025 | $320.7M | 78 | 10 | 41 | 14 | 2 | 59.0% | 45 |
| Q1 2025 | $277.9M | 70 | 5 | 42 | 12 | 166 | 60.0% | 37 |
| Q4 2024 | $258.4M | 231 | 87 | 40 | 70 | 15 | 59.6% | 35 |
| Q3 2024 | $263.3M | 159 | 7 | 46 | 70 | 82 | 62.1% | 64 |
| Q2 2024 | $250.7M | 234 | 179 | 18 | 32 | 40 | 61.1% | 36 |
| Q1 2024 | $258.7M | 95 | 21 | 22 | 32 | 11 | 56.1% | 44 |
| Q4 2023 | $215.8M | 85 | 16 | 33 | 28 | 27 | 62.7% | 44 |
| Q3 2023 | $239.0M | 96 | 5 | 45 | 34 | 6 | 45.7% | 11 |
| Q2 2023 | $241.6M | 97 | 4 | 41 | 26 | 2 | 48.4% | 18 |
| Q1 2023 | $227.3M | 95 | 5 | 39 | 35 | 11 | 48.6% | 39 |
| Q4 2022 | $210.9M | 101 | 20 | 39 | 29 | 9 | 49.7% | 13 |
| Q3 2022 | $179.4M | 90 | 5 | 33 | 29 | 7 | 52.1% | 13 |
| Q2 2022 | $212.4M | 92 | 6 | 33 | 36 | 8 | 51.1% | 13 |
| Q1 2022 | $251.5M | 94 | 4 | 44 | 28 | 7 | 49.1% | 13 |
| Q4 2021 | $261.8M | 97 | 6 | 48 | 27 | 4 | 49.1% | 19 |
| Q3 2021 | $242.0M | 95 | 3 | 51 | 10 | 2 | 50.0% | 13 |
| Q2 2021 | $238.8M | 94 | 31 | 27 | 30 | 11 | 49.2% | 14 |
| Q1 2021 | $171.3M | 74 | 6 | 24 | 32 | 17 | 52.9% | 14 |
| Q4 2020 | $200.9M | 85 | 17 | 31 | 24 | 7 | 50.2% | 20 |
| Q3 2020 | $171.6M | 75 | 8 | 36 | 25 | 10 | 52.8% | 83 |
| Q2 2020 | $163.8M | 77 | 16 | 29 | 20 | 7 | 51.5% | 15 |
| Q1 2020 | $136.2M | 68 | 13 | 25 | 21 | 18 | 53.5% | 16 |
| Q4 2019 | $173.0M | 73 | 4 | 0 | 69 | 154 | 56.9% | 8 |
| Q3 2019 | $166.1M | 223 | 156 | 67 | 0 | 2 | 55.3% | 16 |
| Q2 2019 | $156.9M | 69 | 9 | 40 | 13 | 10 | 58.2% | 58 |
| Q1 2019 | $153.1M | 70 | 9 | 29 | 20 | 6 | 57.4% | 18 |
| Q4 2018 | $139.5M | 67 | 0 | 0 | 0 | 0 | 62.1% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.