Bcwm, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Bcwm, LLC reported 51 stock positions worth $287.7 million. Its top holding was iShares Gold Trust (IAU) at 6.1% of the portfolio, followed by Avantis International Equity (AVDE, 5.6%) and Duke Energy (DUK, 3.9%). Compared with Q4 2024, it opened 7 new positions, sold out of 15, added to 27 and reduced 16. The biggest buy was a new position in Avantis International Equity (AVDE) and the biggest sale Schwab Intl Equity ETF (SCHF, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001542165
- Portfolio Value
- $287.7M (Q1 2025)
- SEC Filing
- 0001542165-25-000002 ↗ filed May 15, 2025
Holdings Value
Holdings 51 stocks · $287.7M
| IAU iShares Gold Trust | 6.13% | 299,257 | $17.6M | Add +28.8% |
| AVDE Avantis International Equity | 5.56% | 241,204 | $16.0M | New |
| DUK Duke Energy Corp. | 3.87% | 91,268 | $11.1M | Add +0.2% |
| SRE Sempra | 3.78% | 152,306 | $10.9M | Add +25.6% |
| TGT Target Corp. | 3.75% | 103,475 | $10.8M | Add +21.3% |
| JPM JPMorgan Chase & Co. | 3.65% | 42,767 | $10.5M | Reduce -1.7% |
| MDT Medtronic PLC | 3.47% | 111,108 | $10.0M | Add +4.2% |
| HD Home Depot Inc. | 3.34% | 26,256 | $9.6M | Reduce -0.7% |
| WMT Walmart Inc. | 3.09% | 101,217 | $8.9M | Reduce -2.2% |
| DHI D.R. Horton Inc. | 3.08% | 69,754 | $8.9M | Add +32.1% |
| NOC Northrop Grumman Corp. | 3.07% | 17,237 | $8.8M | Add +0.4% |
| LMT Lockheed Martin Corp. | 2.94% | 18,945 | $8.5M | Add +9.2% |
| MSFT Microsoft Corp. | 2.60% | 19,939 | $7.5M | Add +0.3% |
| DLR Digital Realty Trust Inc. | 2.59% | 51,992 | $7.4M | Add +13.7% |
| GNRC Generac Holdings Inc. | 2.57% | 58,414 | $7.4M | New |
| CRM Salesforce Inc. | 2.52% | 27,033 | $7.3M | Reduce -17.4% |
| SWK Stanley Black & Decker Inc. | 2.44% | 91,196 | $7.0M | Add +11.1% |
| AAPL Apple Inc. | 2.35% | 30,492 | $6.8M | Reduce -1.4% |
| GRMN Garmin Ltd. | 2.22% | 29,361 | $6.4M | Reduce -15.8% |
| RSP Invesco S&P 500 Equal Weight | 2.20% | 36,467 | $6.3M | Add +1.3% |
| PM Philip Morris International | 2.15% | 38,963 | $6.2M | Reduce -13.0% |
| T AT&T Inc. | 2.05% | 208,194 | $5.9M | Reduce -14.3% |
| MO Altria Group Inc. | 1.99% | 95,281 | $5.7M | Reduce -5.9% |
| VZ Verizon Communications Inc. | 1.91% | 121,094 | $5.5M | Add +13.9% |
| BMY Bristol-Myers Squibb Co. | 1.84% | 86,989 | $5.3M | Reduce -21.1% |
| INDA iShares MSCI India ETF | 1.78% | 99,685 | $5.1M | Add +11.0% |
| CVS CVS Health Corp. | 1.67% | 70,802 | $4.8M | New |
| CVX Chevron Corp. | 1.62% | 27,840 | $4.7M | New |
| PFE Pfizer Inc. | 1.57% | 178,808 | $4.5M | Add +11.3% |
| USB US Bancorp | 1.50% | 101,959 | $4.3M | Reduce -11.8% |
| UPS United Parcel Service Class B | 1.37% | 35,962 | $4.0M | New |
| AMZN Amazon.com Inc. | 1.31% | 19,811 | $3.8M | Reduce -3.0% |
| FXI iShares China Large-Cap ETF | 1.27% | 101,686 | $3.6M | Reduce -10.6% |
| XBI SS SPDR S&P Biotech ETF | 1.25% | 44,372 | $3.6M | Add +0.7% |
| ECH iShares MSCI Chile ETF | 1.21% | 117,007 | $3.5M | Add +4.3% |
| EWZ iShares MSCI Brazil ETF | 1.14% | 126,906 | $3.3M | New |
| VNM Vaneck Vietnam ETF | 1.13% | 261,425 | $3.3M | Add +8.5% |
| NVDA Nvidia Corp. | 1.12% | 29,618 | $3.2M | New |
| EWM iShares MSCI Malaysia ETF | 1.07% | 133,160 | $3.1M | Add +1.3% |
| EIDO iShares MSCI Indonesia ETF | 0.92% | 162,221 | $2.6M | Add +11.3% |
| ZBH Zimmer Biomet Holdings Inc. | 0.84% | 21,457 | $2.4M | Add +14.3% |
| VCIT Vanguard Int-Term Corporate | 0.66% | 23,199 | $1.9M | Add +3.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.66% | 17,381 | $1.9M | Add +3.7% |
| SCHZ Schwab US Aggregate Bond ETF | 0.63% | 78,301 | $1.8M | Add +3.4% |
| SCHV Schwab US Large-Cap Value | 0.62% | 67,263 | $1.8M | Reduce -69.9% |
| EDV Vanguard Extended Dur Treas | 0.44% | 17,896 | $1.3M | Add +18.7% |
| PFF iShares Preferred & Income S | 0.26% | 24,687 | $759K | Reduce -21.0% |
| SCHM Schwab US Mid Cap ETF | 0.24% | 26,106 | $684K | Add +1.3% |
| SCHF Schwab Intl Equity ETF | 0.22% | 31,703 | $627K | Reduce -96.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.18% | 18,993 | $524K | Add +2.3% |
| PG The Procter & Gamble Co. | 0.16% | 2,657 | $453K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| SCHF Schwab Intl Equity ETF | Reduce -96.0% | 0.22% | −4.94 |
| SCHV Schwab US Large-Cap Value | Reduce -69.9% | 0.62% | −1.45 |
| CRM Salesforce Inc. | Reduce -17.4% | 2.52% | −1.37 |
| F Ford Motor Co. | Sold out | 0.00% | −1.31 |
| AMT American Tower Corp. | Sold out | 0.00% | −1.19 |
| CCI Crown Castle Inc. | Sold out | 0.00% | −1.15 |
| EZA iShares MSCI South Africa Et | Sold out | 0.00% | −1.00 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.75 |
| DOW Dow Inc. | Sold out | 0.00% | −0.72 |
| USB US Bancorp | Reduce -11.8% | 1.50% | −0.47 |
| AAPL Apple Inc. | Reduce -1.4% | 2.35% | −0.40 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.39 |
| BMY Bristol-Myers Squibb Co. | Reduce -21.1% | 1.84% | −0.38 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.37 |
| B Barrick Gold Corp. | Sold out | 0.00% | −0.35 |
| GRMN Garmin Ltd. | Reduce -15.8% | 2.22% | −0.35 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.34 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Sold out | 0.00% | −0.32 |
| HD Home Depot Inc. | Reduce -0.7% | 3.34% | −0.32 |
| AMZN Amazon.com Inc. | Reduce -3.0% | 1.31% | −0.29 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.27 |
| WMT Walmart Inc. | Reduce -2.2% | 3.09% | −0.24 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.10 |
| PFF iShares Preferred & Income S | Reduce -21.0% | 0.26% | −0.09 |
| XHB SS SPDR S&P Homebldrs ETF | Sold out | 0.00% | −0.08 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -1.7% | 3.65% | −0.07 |
| FXI iShares China Large-Cap ETF | Reduce -10.6% | 1.27% | +0.03 |
| T AT&T Inc. | Reduce -14.3% | 2.05% | +0.08 |
| MO Altria Group Inc. | Reduce -5.9% | 1.99% | +0.10 |
| PM Philip Morris International | Reduce -13.0% | 2.15% | +0.23 |
Portfolio Buys Q4 2024 → Q1 2025
| AVDE Avantis International Equity | New | 5.56% | +5.56 |
| GNRC Generac Holdings Inc. | New | 2.57% | +2.57 |
| IAU iShares Gold Trust | Add +28.8% | 6.13% | +2.03 |
| CVS CVS Health Corp. | New | 1.67% | +1.67 |
| CVX Chevron Corp. | New | 1.62% | +1.62 |
| UPS United Parcel Service Class B | New | 1.37% | +1.37 |
| EWZ iShares MSCI Brazil ETF | New | 1.14% | +1.14 |
| NVDA Nvidia Corp. | New | 1.12% | +1.12 |
| DHI D.R. Horton Inc. | Add +32.1% | 3.08% | +0.45 |
| MDT Medtronic PLC | Add +4.2% | 3.47% | +0.44 |
| VZ Verizon Communications Inc. | Add +13.9% | 1.91% | +0.40 |
| DUK Duke Energy Corp. | Add +0.2% | 3.87% | +0.37 |
| ECH iShares MSCI Chile ETF | Add +4.3% | 1.21% | +0.21 |
| NOC Northrop Grumman Corp. | Add +0.4% | 3.07% | +0.20 |
| VNM Vaneck Vietnam ETF | Add +8.5% | 1.13% | +0.15 |
| ZBH Zimmer Biomet Holdings Inc. | Add +14.3% | 0.84% | +0.14 |
| INDA iShares MSCI India ETF | Add +11.0% | 1.78% | +0.10 |
| SWK Stanley Black & Decker Inc. | Add +11.1% | 2.44% | +0.09 |
| EDV Vanguard Extended Dur Treas | Add +18.7% | 0.44% | +0.08 |
| PFE Pfizer Inc. | Add +11.3% | 1.57% | +0.06 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +3.7% | 0.66% | +0.02 |
| SCHZ Schwab US Aggregate Bond ETF | Add +3.4% | 0.63% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +3.0% | 0.66% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +2.3% | 0.18% | +0.01 |
| SRE Sempra | Add +25.6% | 3.78% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Add +1.3% | 0.24% | −0.02 |
| EIDO iShares MSCI Indonesia ETF | Add +11.3% | 0.92% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +1.3% | 2.20% | −0.05 |
| LMT Lockheed Martin Corp. | Add +9.2% | 2.94% | −0.06 |
| EWM iShares MSCI Malaysia ETF | Add +1.3% | 1.07% | −0.08 |
| XBI SS SPDR S&P Biotech ETF | Add +0.7% | 1.25% | −0.16 |
| DLR Digital Realty Trust Inc. | Add +13.7% | 2.59% | −0.30 |
| TGT Target Corp. | Add +21.3% | 3.75% | −0.35 |
| MSFT Microsoft Corp. | Add +0.3% | 2.60% | −0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 57 | $342.0M | AVDE, IAU, DUK, HD, SRE |
| Q1 2026 | 57 | $352.8M | AVDE, IAU, DUK, DLR, HD |
| Q4 2025 | 56 | $334.0M | IAU, AVDE, DUK, SRE, DHI |
| Q3 2025 | 55 | $334.0M | IAU, AVDE, DUK, SRE, WMT |
| Q2 2025 | 54 | $315.0M | AVDE, IAU, DUK, JPM, DLR |
| Q1 2025 | 51 | $287.7M | IAU, AVDE, DUK, SRE, TGT |
| Q4 2024 | 59 | $280.7M | SCHF, TGT, IAU, CRM, SRE |
| Q2 2024 | 58 | $277.9M | SCHF, SRE, IAU, TGT, DUK |
| Q1 2024 | 59 | $290.6M | SCHF, DUK, SRE, MDT, SWK |