Gunpowder Capital Management, LLC dba Oliver Wealth Management
Long book
$131.8M
Q1 2026
Positions
408
Top-10 weight
58%
concentration
Last quarter
+7.1%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsGunpowder Capital Management, LLC dba Oliver Wealth Management is a wealth-management firm allocating client money, running a $131.8M US long book across 408 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: SPDR GOLD SHARES, DIMENSIONAL US CORE EQUITY 2, DIMENSIONAL US CORE EQ 1 ETF, APPLE INC, DIMENSIONAL INTERNATIONAL CO.
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
Q4 2025
-1.6%
Q1 2026
+7.1%
Sector allocation
Technology 58%
Consumer discretionary 11%
Financials 9%
Industrials 6%
Energy 4%
Utilities 3%
Healthcare 3%
Services media 2%
Long book by quarter
What does Gunpowder Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 40.2K | $10.2M | 7.7% | -0.5% |
| META META PLATFORMS INC-CLASS A | Technology | 6.5K | $3.7M | 2.8% | 0.0% |
| WMT WALMART INC | Consumer discretionary | 25.1K | $3.1M | 2.4% | -2.9% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 19.3K | $2.8M | 2.1% | Held |
| AVGO BROADCOM INC | Technology | 5.8K | $1.8M | 1.4% | -5.7% |
| MSFT MICROSOFT CORP | Technology | 4.4K | $1.6M | 1.2% | -7.1% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.9K | $1.4M | 1.0% | -6.0% |
| XOM EXXON MOBIL CORP | Energy | 7.9K | $1.3M | 1.0% | -1.7% |
| NVDA NVIDIA CORP | Technology | 7.4K | $1.3M | 1.0% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 2.7K | $769K | 0.6% | Held |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 7.4K | $723K | 0.5% | -5.6% |
| BX BLACKSTONE INC | Financials | 4.9K | $568K | 0.4% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.7K | $508K | 0.4% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.3K | $479K | 0.4% | Held |
| CEG CONSTELLATION ENERGY | Utilities | 1.7K | $470K | 0.4% | +145.1% |
| HD HOME DEPOT INC | Consumer discretionary | 1.1K | $368K | 0.3% | -8.5% |
| NEM NEWMONT CORP | Materials | 3.3K | $362K | 0.3% | -1.5% |
| TEM TEMPUS AI INC-CL A | Technology | 6.5K | $294K | 0.2% | +30.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 1.1K | $266K | 0.2% | -9.4% |
| MA MASTERCARD INC - A | Services media | 513 | $256K | 0.2% | Held |
| TSLA TESLA INC | Industrials | 689 | $256K | 0.2% | Held |
| CI THE CIGNA GROUP | Financials | 881 | $235K | 0.2% | -34.9% |
| GE GENERAL ELECTRIC | Industrials | 804 | $228K | 0.2% | Held |
| MTZ MASTEC INC | Industrials | 600 | $193K | 0.1% | Held |
| EXEL EXELIXIS INC | Healthcare | 4.4K | $188K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.2K | $175K | 0.1% | -2.3% |
| USB US BANCORP | Financials | 3.4K | $175K | 0.1% | -34.7% |
| EXC EXELON CORP | Utilities | 3.6K | $174K | 0.1% | +73.1% |
| GEV GE VERNOVA INC | Industrials | 199 | $174K | 0.1% | Held |
| CG CARLYLE GROUP INC/THE | Financials | 3.3K | $160K | 0.1% | Held |
| CL COLGATE-PALMOLIVE CO | Other | 1.7K | $143K | 0.1% | -0.7% |
| PRU PRUDENTIAL FINANCIAL INC | Financials | 1.3K | $124K | 0.1% | Held |
| EMR EMERSON ELECTRIC CO | Industrials | 948 | $124K | 0.1% | -0.8% |
| VKTX VIKING THERAPEUTICS INC | Healthcare | 3.7K | $120K | 0.1% | -21.4% |
| MLI MUELLER INDUSTRIES INC | Industrials | 1.0K | $115K | 0.1% | -34.9% |
| MCD MCDONALD'S CORP | Consumer discretionary | 348 | $108K | 0.1% | -17.1% |
| CVX CHEVRON CORP | Energy | 498 | $103K | 0.1% | -2.0% |
| BAC BANK OF AMERICA CORP | Financials | 2.0K | $97K | 0.1% | +0.2% |
| BDX BECTON DICKINSON AND CO | Healthcare | 575 | $90K | 0.1% | Held |
| SYK STRYKER CORP | Healthcare | 269 | $88K | 0.1% | Held |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 727 | $86K | 0.1% | Held |
| LMT LOCKHEED MARTIN CORP | Industrials | 142 | $86K | 0.1% | -6.0% |
| SNA SNAP-ON INC | Industrials | 226 | $82K | 0.1% | Held |