Bcwm, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bcwm, LLC reported 55 stock positions worth $334.0 million. Its top holding was iShares Gold Trust (IAU) at 6.5% of the portfolio, followed by Avantis International Equity (AVDE, 6.3%) and Duke Energy (DUK, 4.1%). Compared with Q2 2025, it opened 4 new positions, sold out of 3, added to 28 and reduced 23. The biggest buy was a new position in Kenvue (KVUE) and the biggest sale an exit from Salesforce (CRM).
- Most Recent 13F
- Q2 2026
- Location
- OVERLAND PARK, KS
- CIK
- 0001542165
- Portfolio Value
- $334.0M (Q3 2025)
- SEC Filing
- 0001542165-25-000005 ↗ filed Nov 14, 2025
Holdings Value
Holdings 55 stocks · $334.0M
| IAU iShares Gold Trust | 6.52% | 299,407 | $21.8M | Add +0.5% |
| AVDE Avantis International Equity | 6.28% | 265,887 | $21.0M | Add +5.3% |
| DUK Duke Energy Corp. | 4.06% | 109,510 | $13.6M | Add +4.1% |
| SRE Sempra | 3.94% | 146,154 | $13.2M | Reduce -0.1% |
| WMT Walmart Inc. | 3.79% | 122,773 | $12.7M | Add +8.4% |
| DHI D.R. Horton Inc. | 3.53% | 69,624 | $11.8M | Reduce -1.1% |
| HD Home Depot Inc. | 3.53% | 29,086 | $11.8M | Add +0.3% |
| LMT Lockheed Martin Corp. | 3.43% | 22,941 | $11.5M | Add +12.3% |
| DLR Digital Realty Trust Inc. | 3.32% | 64,141 | $11.1M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 3.28% | 34,729 | $11.0M | Reduce -16.9% |
| KVUE Kenvue Inc. | 3.23% | 664,974 | $10.8M | New |
| MSFT Microsoft Corp. | 3.23% | 20,804 | $10.8M | Reduce -6.7% |
| NOC Northrop Grumman Corp. | 3.05% | 16,721 | $10.2M | Reduce -10.3% |
| GNRC Generac Holdings Inc. | 2.87% | 57,252 | $9.6M | Reduce -21.0% |
| AAPL Apple Inc. | 2.78% | 36,506 | $9.3M | Reduce -1.0% |
| GRMN Garmin Ltd. | 2.70% | 36,607 | $9.0M | Add +2.0% |
| SWK Stanley Black & Decker Inc. | 2.41% | 108,096 | $8.0M | Reduce -23.9% |
| MDT Medtronic PLC | 2.35% | 82,357 | $7.8M | Reduce -30.0% |
| RSP Invesco S&P 500 Equal Weight | 2.25% | 39,554 | $7.5M | Add +0.6% |
| AMZN Amazon.com Inc. | 2.19% | 33,343 | $7.3M | Add +28.4% |
| NVDA Nvidia Corp. | 2.12% | 37,869 | $7.1M | Reduce -8.9% |
| META Meta Platforms Inc. Class A | 1.67% | 7,604 | $5.6M | Reduce -4.8% |
| MO Altria Group Inc. | 1.66% | 83,993 | $5.5M | Add +0.5% |
| USB US Bancorp | 1.63% | 112,309 | $5.4M | Add +0.6% |
| INDA iShares MSCI India ETF | 1.61% | 103,115 | $5.4M | Add +3.8% |
| PEP Pepsico Inc. | 1.57% | 37,290 | $5.2M | Add +0.6% |
| CVX Chevron Corp. | 1.56% | 33,524 | $5.2M | Add +0.5% |
| PFE Pfizer Inc. | 1.52% | 199,629 | $5.1M | Add +1.6% |
| MRK Merck & Co. Inc. | 1.52% | 60,562 | $5.1M | Add +2.0% |
| VZ Verizon Communications Inc. | 1.51% | 114,785 | $5.0M | Add +0.8% |
| BMY Bristol-Myers Squibb Co. | 1.46% | 107,771 | $4.9M | Add +1.6% |
| TGT Target Corp. | 1.40% | 52,216 | $4.7M | Add +0.6% |
| UPS United Parcel Service Class B | 1.26% | 50,234 | $4.2M | Add +4.3% |
| VNM Vaneck Vietnam ETF | 1.13% | 211,810 | $3.8M | Reduce -18.6% |
| FXI iShares China Large-Cap ETF | 1.12% | 91,201 | $3.8M | Reduce -9.6% |
| EWM iShares MSCI Malaysia ETF | 1.12% | 144,136 | $3.7M | Add +8.3% |
| EWZ iShares MSCI Brazil ETF | 1.12% | 120,470 | $3.7M | Reduce -4.7% |
| ECH iShares MSCI Chile ETF | 1.11% | 112,247 | $3.7M | Reduce -3.3% |
| EIDO iShares MSCI Indonesia ETF | 0.99% | 187,519 | $3.3M | Add +15.1% |
| SCHV Schwab US Large-Cap Value | 0.60% | 68,313 | $2.0M | Add +1.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.59% | 83,464 | $2.0M | Add +14.2% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.58% | 17,433 | $1.9M | Add +5.5% |
| VCIT Vanguard Int-Term Corporate | 0.58% | 22,867 | $1.9M | Add +3.3% |
| AOA iShares Core 80/20 Aggressiv | 0.27% | 10,341 | $911K | Reduce -0.1% |
| SCHM Schwab US Mid Cap ETF | 0.25% | 27,993 | $830K | Reduce -4.2% |
| SCHF Schwab Intl Equity ETF | 0.22% | 31,768 | $740K | Reduce -0.0% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.21% | 21,198 | $707K | Add +15.9% |
| PFF iShares Preferred & Income S | 0.18% | 18,867 | $597K | Reduce -3.0% |
| EDV Vanguard Extended Dur Treas | 0.17% | 8,139 | $557K | Reduce -19.9% |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | 0.16% | 8,015 | $545K | Add +3.9% |
| PG The Procter & Gamble Co. | 0.12% | 2,657 | $408K | Reduce -3.6% |
| PM Philip Morris International | 0.08% | 1,713 | $278K | Reduce -16.1% |
| AOR iShares Core 60/40 Balanced | 0.07% | 3,564 | $229K | New |
| IJR iShares Core S&P Small-Cap E | 0.07% | 1,930 | $229K | New |
| IJH iShares Core S&P Midcap ETF | 0.07% | 3,469 | $226K | New |
Portfolio Sells Q2 2025 → Q3 2025
| CRM Salesforce Inc. | Sold out | 0.00% | −2.12 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −1.52 |
| MDT Medtronic PLC | Reduce -30.0% | 2.35% | −0.91 |
| SWK Stanley Black & Decker Inc. | Reduce -23.9% | 2.41% | −0.65 |
| JPM JPMorgan Chase & Co. | Reduce -16.9% | 3.28% | −0.56 |
| GNRC Generac Holdings Inc. | Reduce -21.0% | 2.87% | −0.43 |
| MSFT Microsoft Corp. | Reduce -6.7% | 3.23% | −0.29 |
| DLR Digital Realty Trust Inc. | Reduce -0.5% | 3.32% | −0.25 |
| META Meta Platforms Inc. Class A | Reduce -4.8% | 1.67% | −0.20 |
| VMBS Vanguard Mortgage-Backed Sec | Sold out | 0.00% | −0.07 |
| FXI iShares China Large-Cap ETF | Reduce -9.6% | 1.12% | −0.05 |
| ECH iShares MSCI Chile ETF | Reduce -3.3% | 1.11% | −0.05 |
| EDV Vanguard Extended Dur Treas | Reduce -19.9% | 0.17% | −0.05 |
| EWZ iShares MSCI Brazil ETF | Reduce -4.7% | 1.12% | −0.04 |
| PM Philip Morris International | Reduce -16.1% | 0.08% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -3.6% | 0.12% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Reduce -4.2% | 0.25% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -3.0% | 0.18% | −0.01 |
| VNM Vaneck Vietnam ETF | Reduce -18.6% | 1.13% | −0.00 |
| SCHF Schwab Intl Equity ETF | Reduce -0.0% | 0.22% | −0.00 |
| AOA iShares Core 80/20 Aggressiv | Reduce -0.1% | 0.27% | −0.00 |
| NVDA Nvidia Corp. | Reduce -8.9% | 2.12% | +0.03 |
| NOC Northrop Grumman Corp. | Reduce -10.3% | 3.05% | +0.09 |
| AAPL Apple Inc. | Reduce -1.0% | 2.78% | +0.38 |
| SRE Sempra | Reduce -0.1% | 3.94% | +0.42 |
| DHI D.R. Horton Inc. | Reduce -1.1% | 3.53% | +0.65 |
Portfolio Buys Q2 2025 → Q3 2025
| KVUE Kenvue Inc. | New | 3.23% | +3.23 |
| IAU iShares Gold Trust | Add +0.5% | 6.52% | +0.62 |
| LMT Lockheed Martin Corp. | Add +12.3% | 3.43% | +0.43 |
| AMZN Amazon.com Inc. | Add +28.4% | 2.19% | +0.38 |
| AVDE Avantis International Equity | Add +5.3% | 6.28% | +0.35 |
| GRMN Garmin Ltd. | Add +2.0% | 2.70% | +0.32 |
| WMT Walmart Inc. | Add +8.4% | 3.79% | +0.27 |
| HD Home Depot Inc. | Add +0.3% | 3.53% | +0.15 |
| DUK Duke Energy Corp. | Add +4.1% | 4.06% | +0.12 |
| MO Altria Group Inc. | Add +0.5% | 1.66% | +0.10 |
| EWM iShares MSCI Malaysia ETF | Add +8.3% | 1.12% | +0.09 |
| EIDO iShares MSCI Indonesia ETF | Add +15.1% | 0.99% | +0.07 |
| IJR iShares Core S&P Small-Cap E | New | 0.07% | +0.07 |
| AOR iShares Core 60/40 Balanced | New | 0.07% | +0.07 |
| IJH iShares Core S&P Midcap ETF | New | 0.07% | +0.07 |
| SCHZ Schwab US Aggregate Bond ETF | Add +14.2% | 0.59% | +0.05 |
| CVX Chevron Corp. | Add +0.5% | 1.56% | +0.04 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +15.9% | 0.21% | +0.04 |
| MRK Merck & Co. Inc. | Add +2.0% | 1.52% | +0.03 |
| USB US Bancorp | Add +0.6% | 1.63% | +0.02 |
| PEP Pepsico Inc. | Add +0.6% | 1.57% | +0.01 |
| PFE Pfizer Inc. | Add +1.6% | 1.52% | +0.01 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +5.5% | 0.58% | +0.01 |
| SCHV Schwab US Large-Cap Value | Add +1.4% | 0.60% | +0.00 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Add +3.9% | 0.16% | −0.00 |
| VCIT Vanguard Int-Term Corporate | Add +3.3% | 0.58% | −0.01 |
| RSP Invesco S&P 500 Equal Weight | Add +0.6% | 2.25% | −0.02 |
| VZ Verizon Communications Inc. | Add +0.8% | 1.51% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Add +1.6% | 1.46% | −0.10 |
| INDA iShares MSCI India ETF | Add +3.8% | 1.61% | −0.15 |
| TGT Target Corp. | Add +0.6% | 1.40% | −0.22 |
| UPS United Parcel Service Class B | Add +4.3% | 1.26% | −0.29 |
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 |