CWM, LLC
Long book
$38.04B
Q1 2026
Positions
5645
Top-10 weight
18%
concentration
Last quarter
+11.3%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsCWM, LLC is a wealth-management firm allocating client money, running a $38.04B US long book across 5645 positions.
The portfolio is broadly diversified across 5645 positions (top 10 only 18%). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: ISHARES CORE S&P 500 ETF, STE STR SPDR PT S&P 500 ETF, ISHR CR UNVRSE USD BD ETF-UI, STE STR SPDR PT DW EU ETF, APPLE INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.2%
Q2 2024
+5.8%
Q3 2024
+0.3%
Q4 2024
-1.7%
Q1 2025
+8.1%
Q2 2025
+6.6%
Q3 2025
+2.3%
Q4 2025
-1.3%
Q1 2026
+11.3%
Sector allocation
Technology 32%
Industrials 13%
Financials 13%
Healthcare 10%
Consumer discretionary 9%
Services media 5%
Energy 4%
Other 4%
Long book by quarter
What does CWM, LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 2.7M | $693.1M | 1.8% | +0.8% |
| NVDA NVIDIA CORP | Technology | 3.5M | $605.9M | 1.6% | +3.0% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $439.2M | 1.2% | +10.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.6M | $337.4M | 0.9% | +5.1% |
| GOOGL ALPHABET INC-CL A | Technology | 962.8K | $276.9M | 0.7% | -7.4% |
| AVGO BROADCOM INC | Technology | 667.2K | $206.5M | 0.5% | +2.5% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 394.6K | $189.1M | 0.5% | +2.5% |
| WMT WALMART INC | Consumer discretionary | 1.4M | $176.2M | 0.5% | +14.9% |
| XOM EXXON MOBIL CORP | Energy | 1.0M | $174.9M | 0.5% | -2.2% |
| JNJ JOHNSON & JOHNSON | Healthcare | 692.3K | $169.2M | 0.4% | +5.4% |
| JPM JPMORGAN CHASE & CO | Financials | 550.2K | $161.8M | 0.4% | +2.6% |
| TSLA TESLA INC | Industrials | 413.3K | $153.6M | 0.4% | +6.1% |
| META META PLATFORMS INC-CLASS A | Technology | 244.6K | $139.9M | 0.4% | -3.2% |
| GOOG ALPHABET INC-CL C | Technology | 464.3K | $133.2M | 0.4% | +4.0% |
| LLY ELI LILLY & CO | Healthcare | 144.1K | $132.5M | 0.3% | +4.5% |
| MRK MERCK & CO. INC. | Healthcare | 1.0M | $121.6M | 0.3% | -0.6% |
| PG PROCTER & GAMBLE CO/THE | Other | 750.3K | $108.4M | 0.3% | +9.4% |
| ABBV ABBVIE INC | Healthcare | 464.4K | $101.0M | 0.3% | +1.0% |
| CSCO CISCO SYSTEMS INC | Technology | 1.3M | $99.7M | 0.3% | -3.4% |
| CAT CATERPILLAR INC | Industrials | 130.2K | $92.3M | 0.2% | +11.0% |
| HD HOME DEPOT INC | Consumer discretionary | 261.9K | $86.1M | 0.2% | +8.1% |
| GE GENERAL ELECTRIC | Industrials | 298.0K | $84.6M | 0.2% | +16.9% |
| CVX CHEVRON CORP | Energy | 398.9K | $82.5M | 0.2% | +10.9% |
| V VISA INC-CLASS A SHARES | Services media | 269.7K | $81.5M | 0.2% | +5.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 80.7K | $80.5M | 0.2% | +12.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 5738 | $38.05B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 26, 2026 | 5622 | $36.91B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 15, 2025 | 5526 | $33.25B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 25, 2025 | 5277 | $28.36B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 1, 2025 | 5238 | $25.08B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 5134 | $24.10B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 5119 | $23.25B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 10, 2024 | 4996 | $21.21B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 5, 2024 | 4792 | $20.57B | $K fixed canonical | SEC ↗ |