Tumwater Wealth Management, LLC
Long book
$248.6M
Q1 2026
Positions
34
Top-10 weight
95%
concentration
Last quarter
+10.2%
SPY +14.8%
Turnover
14%
of book per quarter
Strategy in plain words
auto-generated from filingsTumwater Wealth Management, LLC is a wealth-management firm allocating client money, running a $248.6M US long book across 34 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: DIMENSIONAL WORLD EX US CORE, VANGUARD TOTAL STOCK MKT ETF, DIMENSIONAL US TARGET VALUE, DIM US LARGE CAP VALUE ETF, VANGUARD INTERMEDIATE-TERM B.
Over the last 6 quarters its long book ran on average 0.6pp per quarter ahead of the S&P 500, beating the index in 3 of 6 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
Q4 2024
-0.3%
Q1 2025
+8.6%
Q2 2025
+7.5%
Q3 2025
+3.5%
Q4 2025
+2.1%
Q1 2026
+10.2%
Sector allocation
Energy 32%
Technology 30%
Consumer discretionary 11%
Industrials 10%
Utilities 7%
Financials 6%
Materials 3%
Other 2%
Long book by quarter
What does Tumwater Wealth own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| CVX CHEVRON CORP | Energy | 14.2K | $2.9M | 1.2% | -4.7% |
| AAPL APPLE INC | Technology | 4.3K | $1.1M | 0.4% | -1.2% |
| CAT CATERPILLAR INC | Industrials | 1.4K | $1.0M | 0.4% | +3.4% |
| MSFT MICROSOFT CORP | Technology | 2.4K | $884K | 0.4% | -1.5% |
| IDA IDACORP INC | Utilities | 5.0K | $712K | 0.3% | -0.1% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 505 | $503K | 0.2% | -2.5% |
| XOM EXXON MOBIL CORP | Energy | 2.5K | $428K | 0.2% | +0.2% |
| WMT WALMART INC | Consumer discretionary | 3.2K | $403K | 0.2% | Held |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 1.4K | $393K | 0.2% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 1.3K | $390K | 0.2% | Held |
| ORCL ORACLE CORP | Technology | 2.1K | $303K | 0.1% | -1.0% |
| FCX FREEPORT-MCMORAN INC | Materials | 5.1K | $299K | 0.1% | Held |
| META META PLATFORMS INC-CLASS A | Technology | 506 | $289K | 0.1% | +0.4% |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 600 | $235K | 0.1% | New |
| NVDA NVIDIA CORP | Technology | 1.3K | $220K | 0.1% | +1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 1.0K | $212K | 0.1% | +0.5% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 2.2K | $209K | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 21, 2026 | 34 | $248.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 29, 2026 | 35 | $245.4M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 12, 2025 | 33 | $225.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 12, 2025 | 37 | $215.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 32 | $191.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 31 | $190.7M | canonical | SEC ↗ |