Q3 2026 13F · SEC CIK 1657980

Denver PWM, LLC

Wealth managerFiled 2026-10-22 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $301.4M
Reported positions: 90
Top holdings a year, 3 yrs: +10.4%
Assets under management: $524.4M

Denver PWM, LLC is a wealth manager that reported 90 positions worth $301.4M in its Q3 2026 13F, filed 2026-10-22. Its largest holdings were Schwab Strategic Tr (SCHG, 8.8%), Ishares Tr (IBTH, 5.9%), Schwab Strategic Tr (SCHV, 5.9%). A portfolio copying its top holdings returned 10.4% a year over the last 3 years, against 20.4% for the S&P 500.

Denver PWM, LLC holdings largest 50 of 90 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Denver PWM, LLC 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
SCHGSchwab Strategic Tr	8.8%	8.6%	736,260	-0.0%	$26.5M
IBTHIshares Tr	5.9%	6.0%	799,222	-2.6%	$17.8M
SCHVSchwab Strategic Tr	5.9%	6.2%	535,334	+0.6%	$17.8M
SCHMSchwab Strategic Tr	5.9%	6.2%	521,652	+1.7%	$17.7M
HEFAIshares Tr	5.5%	5.4%	354,677	+2.7%	$16.5M
IBTIIshares Ibonds Dec 2028 Term Treasury Et	5.3%	5.3%	724,791	-1.3%	$15.9M
IBTGIshares Tr	5.1%	5.2%	675,466	-2.4%	$15.5M
IBTJIshares Ibonds Dec 2029 Term Treasury Et	4.9%	4.8%	695,280	+1.4%	$14.8M
SCHFSchwab Strategic Tr	4.8%	4.8%	526,359	+1.2%	$14.5M
TOTLSsga Active ETF Tr	4.3%	4.4%	348,489	+0.0%	$13.0M
IBTKIshares Tr	4.3%	4.4%	684,588	-0.1%	$13.0M
SMLFIshares Tr	3.2%	3.2%	113,867	+6.4%	$9.5M
JAAAJanus Detroit Str Tr	3.1%	3.1%	188,015	-0.5%	$9.5M
IJKIshares S&p Mid Cap 400 Growth	2.4%	2.5%	67,273	+4.1%	$7.4M
VOOVanguard Index Fds	1.7%	1.8%	7,375	-2.2%	$5.2M
SCHXSchwab Strategic Tr	1.6%	1.7%	162,931	-3.5%	$4.9M
BONDPimco ETF Tr	1.5%	1.6%	52,800	-2.3%	$4.6M
BUFRFirst Tr Exchng Traded Fd Vi	1.4%	1.2%	112,742	+12.9%	$4.2M
EMXCIshares Inc	1.4%	1.3%	41,612	+2.0%	$4.1M
JAVAJ P Morgan Exchange Traded F	1.3%	1.4%	49,935	-0.5%	$4.0M
AAPLApple Inc	1.2%	1.2%	11,046	-5.6%	$3.7M
CATCaterpillar Inc	1.0%	1.0%	3,584	+0.0%	$2.9M
MSFTMicrosoft Corp	0.9%	0.9%	5,252	-6.5%	$2.7M
IPACIshares Tr	0.9%	0.8%	31,540	+5.2%	$2.7M
IVVIshares Tr	0.9%	0.9%	3,419	+0.2%	$2.6M
SPMOInvesco Exch Traded Fd Tr II	0.8%	0.8%	16,839	+0.6%	$2.6M
JBBBJanus Detroit Str Tr	0.8%	0.7%	53,182	+12.3%	$2.5M
EFAIshares Tr	0.8%	0.8%	22,165	+0.0%	$2.3M
QQQInvesco Qqq Tr	0.8%	—	3,073	—	$2.3M
NVDANvidia Corporation	0.7%	0.7%	9,783	+0.0%	$2.2M
IUSVIshares Tr	0.7%	0.7%	18,626	-3.1%	$2.1M
COSTCostco Wholesale Corporation	0.7%	0.7%	2,159	+0.0%	$2.0M
IWRIshares Tr	0.6%	0.7%	17,086	-2.9%	$1.8M
CLSETrust for Professional Manag	0.6%	0.5%	49,636	+2.8%	$1.7M
XOMExxonmobil Holdings Corp	0.5%	—	9,329	—	$1.5M
IEFAIshares Tr	0.5%	0.5%	14,984	-4.5%	$1.5M
SCHASchwab Strategic Tr	0.5%	0.5%	41,894	-2.6%	$1.4M
IWBIshares Tr	0.5%	0.5%	3,263	+0.2%	$1.4M
LITELumentum Hldgs Inc	0.4%	0.4%	1,392	+0.0%	$1.4M
NMAXNewsmax Inc	0.4%	0.4%	107,741	+0.0%	$1.2M
ORCLOracle Corp	0.4%	0.4%	8,435	+0.0%	$1.2M
AMZNAmazon Com Inc	0.3%	0.4%	3,986	-2.7%	$993K
VZVerizon Communications Inc	0.3%	0.3%	19,906	+0.0%	$913K
GOOGLAlphabet Inc	0.3%	0.3%	2,314	+0.0%	$796K
BALLBall Corp	0.2%	—	13,376	—	$749K
VEAVanguard Ftse Developed Markets Index Fu	0.2%	0.2%	9,822	-0.4%	$694K
VBVanguard Index Fds	0.2%	0.2%	2,404	+0.0%	$684K
JPMJpmorgan Chase & Co	0.2%	0.2%	2,044	+0.0%	$676K
HELOJ P Morgan Exchange Traded F	0.2%	0.2%	8,938	-3.6%	$618K
VUGVanguard Index Fds	0.2%	0.2%	6,836	+0.0%	$616K

What Denver PWM, LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

BUFR First Tr Exchng Traded Fd Vi+12.9% shares
JBBB Janus Detroit Str Tr+12.3% shares
SMLF Ishares Tr+6.4% shares
IPAC Ishares Tr+5.2% shares

Reduced

MSFT Microsoft Corp-6.5% shares
AAPL Apple Inc-5.6% shares

Left the top 50

Share counts compared with the Q2 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +12.4% /yr; S&P 500 +20.1%
3 years: +10.4% /yr; S&P 500 +20.4%
5 years: +4.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$301.4M	90
Q2 2026	$305.7M	89
Q1 2026	$290.9M	87
Q4 2025	$299.4M	76
Q3 2025	$320.7M	78
Q2 2025	$320.7M	78
Q1 2025	$277.9M	70
Q4 2024	$258.4M	231
Q3 2024	$263.3M	159
Q2 2024	$250.7M	234
Q1 2024	$258.7M	95
Q4 2023	$215.8M	85

Questions about Denver PWM, LLC's portfolio

What stocks does Denver PWM, LLC own?

Denver PWM, LLC's latest 13F, for Q3 2026 and filed Oct 22, 2026, lists 90 positions worth $301.4M. The largest are Schwab Strategic Tr (SCHG) at 8.8%, Ishares Tr (IBTH) at 5.9%, Schwab Strategic Tr (SCHV) at 5.9%, Schwab Strategic Tr (SCHM) at 5.9% and Ishares Tr (HEFA) at 5.5%.

What did Denver PWM, LLC buy last quarter?

In Q3 2026, Denver PWM, LLC added First Tr Exchng Traded Fd Vi (BUFR) (+12.9% shares), Janus Detroit Str Tr (JBBB) (+12.3% shares) and Ishares Tr (SMLF) (+6.4% shares), compared with its Q2 2026 filing.

What did Denver PWM, LLC sell last quarter?

In Q3 2026, Denver PWM, LLC cut from its top 50 Exxon Mobil Corp (XOM), cut from its top 50 Broadcom Inc (AVGO), cut from its top 50 Schwab Strategic Tr (SCHB), Microsoft Corp (MSFT) (-6.5% shares) and Apple Inc (AAPL) (-5.6% shares), compared with its Q2 2026 filing.

How has Denver PWM, LLC's portfolio performed?

A portfolio copying Denver PWM, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +10.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +12.4% against +20.1%. Over 5 years: +4.8% a year against +11.6%.

When is Denver PWM, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Denver PWM, LLC's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Denver PWM, LLC manage?

Denver PWM, LLC reported $524.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $301.4M.