Q2 2026 13F · SEC CIK 2114795

Gunpowder Capital Management, LLC dba Oliver Wealth Management

Wealth managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $142.4M
Reported positions: 408
Holdings vs S&P 500, 3 yrs: —
Average holding period: 3 qtrs

Gunpowder Capital Management, LLC dba Oliver Wealth Management is a wealth manager that reported 408 positions worth $142.4M in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Dimensional ETF Trust (DFAC, 11.4%), Dimensional US Core Equity 1 ETF (DCOR, 10.3%), Spdr Gold Tr (GLD, 8.0%).

Gunpowder Capital Management, LLC dba Oliver Wealth Management holdings largest 50 of 408 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 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.

Gunpowder Capital Management, LLC dba Oliver Wealth Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
DFACDimensional ETF Trust	11.4%	9.5%	365,285	+13.9%	$16.2M
DCORDimensional US Core Equity 1 ETF	10.3%	8.3%	178,804	+18.1%	$14.7M
GLDSpdr Gold Tr	8.0%	10.4%	30,925	-2.8%	$11.4M
AAPLApple Inc	7.8%	7.7%	38,575	-4.0%	$11.2M
DFICDimensional ETF Trust	5.0%	4.6%	191,110	+10.9%	$7.1M
CGDVCapital Group Dividend Value	4.4%	4.0%	126,372	+2.7%	$6.2M
QQQInvesco Qqq Tr	3.7%	3.2%	7,062	-2.2%	$5.2M
SPYState Str Spdr S&p 500 ETF T	3.5%	3.6%	6,666	-9.8%	$5.0M
IAUIshares Gold Tr	3.4%	4.2%	63,309	+0.0%	$4.8M
DFEMDimensional ETF Trust	2.9%	2.4%	100,774	+10.0%	$4.1M
METAMeta Platforms Inc	2.6%	2.8%	6,468	+0.0%	$3.6M
CGGRCapital Group Growth ETF	2.4%	2.2%	72,690	+1.7%	$3.4M
WMTWalmart Inc	1.9%	2.4%	23,838	-5.2%	$2.7M
PLTRPalantir Technologies Inc	1.7%	2.1%	21,324	+10.4%	$2.5M
SPLGSpdr Series Trust	1.3%	1.4%	21,756	-7.3%	$1.9M
NVDANvidia Corporation	1.3%	1.0%	9,347	+25.5%	$1.9M
AVGOBroadcom Inc	1.2%	1.4%	4,612	-20.6%	$1.7M
XLESelect Sector Spdr Tr	1.2%	1.5%	30,969	-0.8%	$1.6M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.0%	2,889	+0.7%	$1.4M
DFUSDimensional ETF Trust	0.9%	1.1%	15,515	-23.9%	$1.3M
SLVIshares Silver Tr	0.8%	1.1%	21,281	-3.4%	$1.1M
RYTInvesco Exchange Traded Fd T	0.8%	0.6%	17,473	-5.8%	$1.1M
XOMExxon Mobil Corp	0.7%	1.0%	7,651	-3.1%	$1.0M
DFAIDimensional ETF Trust	0.7%	0.9%	24,620	-20.3%	$1.0M
GOOGLAlphabet Inc	0.7%	0.6%	2,686	+0.5%	$960K
MSFTMicrosoft Corp	0.7%	1.2%	2,535	-42.5%	$946K
MDYState Str Spdr S&p Midcap 40	0.7%	0.7%	1,325	-9.8%	$932K
46438R105Ishares Ethereum Tr	0.6%	0.8%	70,134	-0.8%	$834K
UPSUnited Parcel Svcs Inc	0.6%	0.5%	7,547	+2.6%	$811K
SPDWSpdr Index Shs Fds	0.5%	0.5%	14,625	-3.7%	$737K
COSTCostco Wholesale Corporation	0.5%	—	730	—	$683K
AKREProfesionally Managed Portfo	0.5%	0.5%	12,361	+0.0%	$657K
DFCFDimensional ETF Trust	0.5%	0.5%	15,520	+6.4%	$655K
FXLFirst Tr Exchange-Traded Fd	0.5%	0.4%	3,000	+0.0%	$652K
DFAEDimensional ETF Trust	0.4%	0.5%	15,531	-18.0%	$625K
BABAAlibaba Group Hldg Ltd	0.4%	0.6%	6,186	-1.7%	$594K
VVisa Inc	0.4%	0.4%	1,680	+0.0%	$576K
BXBlackstone Inc	0.4%	0.4%	4,782	-3.2%	$563K
AMZNAmazon Com Inc	0.4%	0.4%	2,358	+2.5%	$562K
SPABSpdr Series Trust	0.4%	0.4%	21,858	-1.4%	$558K
SPSMSpdr Series Trust	0.3%	0.3%	8,574	-2.1%	$494K
MUMicron Technology Inc	0.3%	—	400	—	$462K
IWMIshares Tr	0.3%	0.3%	1,452	+0.0%	$436K
CEGConstellation Energy Corp	0.3%	0.4%	1,684	+0.0%	$418K
FXIIshares Tr	0.3%	0.3%	12,330	+0.0%	$390K
HDHome Depot Inc	0.3%	0.3%	1,097	-1.9%	$387K
TEMTempus Ai Inc	0.2%	0.2%	5,500	-15.4%	$319K
NEMNewmont Corp	0.2%	0.3%	3,342	+0.0%	$312K
VIGVanguard Specialized Funds	0.2%	0.2%	1,317	+0.0%	$312K
GEGe Aerospace	0.2%	—	800	—	$299K

What Gunpowder Capital Management, LLC dba Oliver Wealth Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

NVDA Nvidia Corporation+25.5% shares
DCOR Dimensional US Core Equity 1 ETF+18.1% shares
DFAC Dimensional ETF Trust+13.9% shares
DFIC Dimensional ETF Trust+10.9% shares
PLTR Palantir Technologies Inc+10.4% shares
DFEM Dimensional ETF Trust+10.0% shares
DFCF Dimensional ETF Trust+6.4% shares

Reduced

MSFT Microsoft Corp-42.5% shares
DFUS Dimensional ETF Trust-23.9% shares
AVGO Broadcom Inc-20.6% shares
DFAI Dimensional ETF Trust-20.3% shares
DFAE Dimensional ETF Trust-18.0% shares
TEM Tempus Ai Inc-15.4% shares
SPY State Str Spdr S&p 500 ETF T-9.8% shares
MDY State Str Spdr S&p Midcap 40-9.8% shares

Left the top 50

Share counts compared with the Q1 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: —
3 years: —
5 years: —

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
Q2 2026	$142.4M	408
Q1 2026	$131.8M	408
Q4 2025	$128.5M	438

Questions about Gunpowder Capital Management, LLC dba Oliver Wealth Management's portfolio

What stocks does Gunpowder Capital Management, LLC dba Oliver Wealth Management own?

Gunpowder Capital Management, LLC dba Oliver Wealth Management's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 408 positions worth $142.4M. The largest are Dimensional ETF Trust (DFAC) at 11.4%, Dimensional US Core Equity 1 ETF (DCOR) at 10.3%, Spdr Gold Tr (GLD) at 8.0%, Apple Inc (AAPL) at 7.8% and Dimensional ETF Trust (DFIC) at 5.0%.

What did Gunpowder Capital Management, LLC dba Oliver Wealth Management buy last quarter?

In Q2 2026, Gunpowder Capital Management, LLC dba Oliver Wealth Management added Nvidia Corporation (NVDA) (+25.5% shares), Dimensional US Core Equity 1 ETF (DCOR) (+18.1% shares) and Dimensional ETF Trust (DFAC) (+13.9% shares), compared with its Q1 2026 filing.

What did Gunpowder Capital Management, LLC dba Oliver Wealth Management sell last quarter?

In Q2 2026, Gunpowder Capital Management, LLC dba Oliver Wealth Management cut from its top 50 Johnson & Johnson (JNJ), cut from its top 50 Mastercard Incorporated (MA), cut from its top 50 Tesla Inc (TSLA), Microsoft Corp (MSFT) (-42.5% shares), Dimensional ETF Trust (DFUS) (-23.9% shares) and Broadcom Inc (AVGO) (-20.6% shares), compared with its Q1 2026 filing.

When is Gunpowder Capital Management, LLC dba Oliver Wealth Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Gunpowder Capital Management, LLC dba Oliver Wealth Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.