Denver PWM, LLC
Long book
$290.9M
Q1 2026
Positions
87
Top-10 weight
57%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
23%
of book per quarter
Strategy in plain words
auto-generated from filingsDenver PWM, LLC is a wealth-management firm allocating client money, running a $290.9M US long book across 87 positions.
The portfolio is concentrated: the top 10 names carry 57% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SCHWAB US LARGE-CAP GROWTH, SCHWAB US MID CAP ETF, ISHARES IBONDS DEC 2027 TERM, SCHWAB US LARGE-CAP VALUE, ISHARES IBONDS DEC 2026 TERM.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 2 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
-0.2%
Q2 2024
+5.6%
Q3 2024
-0.7%
Q4 2024
-1.3%
Q1 2025
+7.1%
Q2 2025
+5.4%
Q3 2025
+2.1%
Q4 2025
-0.8%
Q1 2026
+10.3%
Sector allocation
Technology 50%
Industrials 16%
Consumer discretionary 13%
Healthcare 5%
Communications 5%
Energy 5%
Financials 4%
Services media 1%
Long book by quarter
What does Denver PWM, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 17.7K | $5.2M | 1.8% | -4.0% |
| CAT CATERPILLAR INC | Industrials | 3.7K | $3.3M | 1.1% | -10.5% |
| MSFT MICROSOFT CORP | Technology | 5.9K | $2.4M | 0.8% | -5.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.2K | $2.2M | 0.8% | -1.5% |
| NVDA NVIDIA CORP | Technology | 7.7K | $1.7M | 0.6% | -53.7% |
| ORCL ORACLE CORP | Technology | 8.4K | $1.6M | 0.6% | -20.8% |
| XOM EXXON MOBIL CORP | Energy | 9.3K | $1.3M | 0.5% | -1.0% |
| LITE LUMENTUM HOLDINGS INC | Technology | 1.4K | $1.3M | 0.4% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 4.0K | $1.1M | 0.4% | -1.1% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 19.9K | $940K | 0.3% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 2.0K | $787K | 0.3% | +1.4% |
| NMAX NEWSMAX INC | Communications | 107.7K | $683K | 0.2% | Held |
| TSLA TESLA INC | Industrials | 1.5K | $643K | 0.2% | -4.5% |
| AVGO BROADCOM INC | Technology | 1.4K | $590K | 0.2% | -3.1% |
| JPM JPMORGAN CHASE & CO | Financials | 1.9K | $580K | 0.2% | +9.8% |
| MU MICRON TECHNOLOGY INC | Technology | 764 | $570K | 0.2% | New |
| INTC INTEL CORP | Technology | 4.1K | $515K | 0.2% | New |
| GOOG ALPHABET INC-CL C | Technology | 1.3K | $510K | 0.2% | -4.1% |
| TXN TEXAS INSTRUMENTS INC | Technology | 1.7K | $491K | 0.2% | +0.2% |
| BA BOEING CO/THE | Industrials | 2.0K | $485K | 0.2% | +10.7% |
| GE GENERAL ELECTRIC | Industrials | 1.6K | $477K | 0.2% | +24.1% |
| WMT WALMART INC | Consumer discretionary | 3.6K | $464K | 0.2% | +22.1% |
| VIAV VIAVI SOLUTIONS INC | Technology | 8.7K | $448K | 0.2% | New |
| CVS CVS HEALTH CORP | Healthcare | 4.7K | $421K | 0.1% | -9.9% |
| DIS WALT DISNEY CO/THE | Services media | 3.9K | $421K | 0.1% | -2.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.8K | $414K | 0.1% | Held |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 6.4K | $359K | 0.1% | -7.2% |
| HD HOME DEPOT INC | Consumer discretionary | 1.1K | $356K | 0.1% | -16.2% |
| GEV GE VERNOVA INC | Industrials | 341 | $354K | 0.1% | New |
| META META PLATFORMS INC-CLASS A | Technology | 567 | $345K | 0.1% | +2.7% |
| AMGN AMGEN INC | Healthcare | 1.0K | $345K | 0.1% | +1.3% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 3.4K | $298K | 0.1% | -14.0% |
| WFC WELLS FARGO & CO | Financials | 3.9K | $294K | 0.1% | +11.2% |
| GILD GILEAD SCIENCES INC | Healthcare | 2.1K | $276K | 0.1% | +5.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.2K | $265K | 0.1% | New |
| C CITIGROUP INC | Financials | 2.0K | $254K | 0.1% | New |
| PG PROCTER & GAMBLE CO/THE | Other | 1.6K | $231K | 0.1% | -15.1% |
| CVX CHEVRON CORP | Energy | 1.2K | $225K | 0.1% | New |
| RKLB ROCKET LAB CORP | Industrials | 2.0K | $212K | 0.1% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 1.4K | $211K | 0.1% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 460 | $209K | 0.1% | New |
| LLY ELI LILLY & CO | Healthcare | 216 | $205K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 87 | $290.9M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 76 | $299.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 78 | $320.7M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 78 | $320.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 7, 2025 | 70 | $277.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 4, 2025 | 250 | $258.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ARESTATEMENT | Dec 3, 2024 | 160 | $263.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 31, 2024 | 250 | $250.7M | SEC ↗ | |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 250663 | $250 | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 98 | $253.7M | canonical | SEC ↗ |