CWA Asset Management Group, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 6, 2025), CWA Asset Management Group, LLC reported 557 stock positions worth $2.0 billion. Its top holding was Nvidia (NVDA) at 6.8% of the portfolio, followed by Apple (AAPL, 6.6%) and Microsoft (MSFT, 4.1%). Compared with Q3 2024, it opened 62 new positions, sold out of 70, added to 300 and reduced 158. The biggest buy was SS SPDR BB 1-3M T-Bill ETF (BIL, shares +116%) and the biggest sale Vanguard Short-Term Treasury (VGSH, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001667134
- Portfolio Value
- $2.0B (Q4 2024)
- SEC Filing
- 0001667134-25-000001 ↗ filed Jan 6, 2025
Holdings Value
Holdings 557 stocks · $2.0B
| NVDA Nvidia Corp. | 6.85% | 1,009,151 | $135.5M | Reduce -2.5% |
| AAPL Apple Inc. | 6.63% | 524,466 | $131.3M | Add +2.8% |
| MSFT Microsoft Corp. | 4.11% | 192,820 | $81.3M | Add +2.0% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.02% | 654,730 | $59.9M | Add +116.4% |
| AMZN Amazon.com Inc. | 2.80% | 252,382 | $55.4M | Reduce -2.2% |
| COST Costco Wholesale Corp. | 1.73% | 37,287 | $34.2M | Reduce -1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.66% | 72,505 | $32.9M | Reduce -0.0% |
| GOOG Alphabet Inc. Class C | 1.52% | 157,998 | $30.1M | Add +1.8% |
| META Meta Platforms Inc. Class A | 1.50% | 50,766 | $29.7M | Add +2.2% |
| PLTR Palantir Technologies Inc. Class A | 1.31% | 343,711 | $26.0M | Reduce -53.2% |
| JPM JPMorgan Chase & Co. | 1.30% | 107,146 | $25.7M | Add +11.9% |
| VTI VG Morningstar TS MKT ETF-US | 1.20% | 81,796 | $23.7M | Add +2.9% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 1.14% | 227,939 | $22.6M | Add +1.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.12% | 436,070 | $22.1M | Add +11.6% |
| VCIT Vanguard Int-Term Corporate | 1.09% | 268,485 | $21.6M | Reduce -1.4% |
| V Visa Inc. Class A | 1.03% | 64,287 | $20.3M | Add +3.1% |
| AGG iShares Core U.S. Aggregate | 0.98% | 200,418 | $19.4M | Add +6.2% |
| GOOGL Alphabet Inc. Class A | 0.96% | 100,467 | $19.0M | Add +4.6% |
| GLD SPDR Gold Shares | 0.95% | 77,612 | $18.8M | Add +0.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.93% | 225,321 | $18.5M | Add +51.8% |
| DE Deere & Co. | 0.89% | 41,579 | $17.6M | Add +1.0% |
| FNV Franco-Nevada Corp. | 0.88% | 148,668 | $17.5M | Reduce -7.1% |
| JNJ Johnson & Johnson | 0.88% | 120,478 | $17.4M | Reduce -11.0% |
| SO The Southern Co. | 0.87% | 208,270 | $17.1M | Reduce -3.8% |
| LMT Lockheed Martin Corp. | 0.79% | 32,092 | $15.6M | Reduce -1.4% |
| DUK Duke Energy Corp. | 0.78% | 143,451 | $15.5M | Reduce -4.4% |
| FCN Fti Consulting Inc. | 0.77% | 79,894 | $15.3M | Reduce -22.1% |
| CAH Cardinal Health Inc. | 0.77% | 129,052 | $15.3M | Add +10.1% |
| PSA Public Storage | 0.75% | 49,823 | $14.9M | Reduce -3.9% |
| BX Blackstone Inc. | 0.73% | 83,979 | $14.5M | Reduce -3.1% |
| CCJ Cameco Corp. | 0.73% | 280,162 | $14.4M | Reduce -5.2% |
| GRMN Garmin Ltd. | 0.71% | 67,856 | $14.0M | Add +0.9% |
| ORCL Oracle Corp. | 0.70% | 83,034 | $13.8M | Reduce -0.6% |
| MO Altria Group Inc. | 0.64% | 240,454 | $12.6M | Add +5.3% |
| QCOM Qualcomm Inc. | 0.62% | 80,353 | $12.3M | Add +1.6% |
| UVE Universal Insurance Holdings | 0.61% | 570,615 | $12.0M | Add +100.0% |
| FMB First Trust Managed Municipa | 0.59% | 229,102 | $11.7M | Reduce -9.0% |
| XLC SS Comm Select Sector SPDR | 0.59% | 120,456 | $11.7M | Reduce -1.4% |
| CASY Casey's General Stores Inc. | 0.57% | 28,668 | $11.4M | Reduce -3.2% |
| GS Goldman Sachs Group Inc. | 0.56% | 19,311 | $11.1M | Reduce -3.5% |
| RJF Raymond James Financial Inc. | 0.54% | 69,311 | $10.8M | Reduce -7.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.51% | 17,389 | $10.2M | Add +11.7% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.51% | 368,393 | $10.1M | Add +38.6% |
| FLUT Flutter Entertainment PLC-Di | 0.50% | 38,315 | $9.9M | Reduce -7.1% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 0.50% | 1,786,415 | $9.9M | Add +20.6% |
| FNF Fidelity National Financial | 0.49% | 171,764 | $9.6M | Reduce -4.0% |
| SII Sprott Inc. | 0.48% | 225,926 | $9.5M | Reduce -0.6% |
| SGOV iShares 0-3 Month Treasury B | 0.48% | 94,560 | $9.5M | Reduce -12.3% |
| TSLA Tesla Inc. | 0.48% | 23,490 | $9.5M | Add +1.8% |
| SMMD iShares Russell 2500 ETF | 0.47% | 138,095 | $9.4M | Add +5.2% |
| WPM Wheaton Precious Metals Corp. | 0.46% | 163,514 | $9.2M | Add +19.7% |
| INTU Intuit Inc. | 0.46% | 14,478 | $9.1M | Reduce -2.6% |
| MUB iShares National Muni Bond E | 0.45% | 84,349 | $9.0M | Add +14.2% |
| AVGO Broadcom Inc. | 0.44% | 37,210 | $8.6M | Add +10.3% |
| ABBV Abbvie Inc. | 0.43% | 48,383 | $8.6M | Reduce -13.1% |
| PLD Prologis Inc. | 0.43% | 80,684 | $8.5M | Reduce -10.5% |
| JBL Jabil Inc. | 0.43% | 58,587 | $8.4M | Reduce -9.1% |
| TXN Texas Instruments Inc. | 0.39% | 40,922 | $7.7M | Reduce -7.7% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.39% | 200,075 | $7.7M | Add +54.2% |
| PG The Procter & Gamble Co. | 0.38% | 45,447 | $7.6M | Add +25.0% |
| ADSK Autodesk Inc. | 0.38% | 25,213 | $7.5M | Reduce -6.7% |
| CSCO Cisco Systems Inc. | 0.37% | 124,436 | $7.4M | Reduce -7.8% |
| CMCSA Comcast Corp. Class A | 0.36% | 191,842 | $7.2M | Reduce -15.2% |
| GILD Gilead Sciences Inc. | 0.36% | 76,943 | $7.1M | Add +1.6% |
| VOO Vanguard S&P 500 ETF | 0.36% | 13,123 | $7.1M | Add +0.9% |
| ACN Accenture PLC Class A | 0.34% | 19,077 | $6.7M | Add +10.4% |
| HD Home Depot Inc. | 0.33% | 16,702 | $6.5M | Add +5.8% |
| ORLY O'reilly Automotive Inc. | 0.32% | 5,381 | $6.4M | Reduce -0.2% |
| CVX Chevron Corp. | 0.32% | 43,916 | $6.4M | Reduce -0.6% |
| BMY Bristol-Myers Squibb Co. | 0.32% | 111,149 | $6.3M | Add +27.5% |
| VEA Vanguard Ftse Developed ETF | 0.30% | 124,460 | $6.0M | Add +11.6% |
| PHM Pultegroup Inc. | 0.30% | 54,364 | $5.9M | Add +5.5% |
| VXUS Vanguard Total Intl Stock | 0.29% | 96,040 | $5.7M | Add +3.1% |
| GLW Corning Inc. | 0.29% | 119,092 | $5.7M | Reduce -5.8% |
| IBIT iShares Bitcoin Trust ETF | 0.28% | 106,184 | $5.6M | Add +17.1% |
| FTNT Fortinet Inc. | 0.28% | 58,167 | $5.5M | Reduce -7.6% |
| APP AppLovin Corp. Class A | 0.27% | 16,768 | $5.4M | Add +26.6% |
| WMT Walmart Inc. | 0.27% | 60,078 | $5.4M | Add +0.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.27% | 123,304 | $5.4M | Add +8.6% |
| CRM Salesforce Inc. | 0.27% | 15,708 | $5.3M | Add +14.1% |
| LLY Eli Lilly & Co. | 0.27% | 6,794 | $5.2M | Add +11.9% |
| CMI Cummins Inc. | 0.26% | 15,015 | $5.2M | Reduce -4.7% |
| WINA Winmark Corp. | 0.26% | 13,175 | $5.2M | Reduce -1.1% |
| UNH Unitedhealth Group Inc. | 0.26% | 10,162 | $5.1M | Reduce -1.1% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.25% | 359,519 | $5.0M | Reduce -1.3% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.25% | 43,114 | $4.9M | Reduce -6.2% |
| NXPI NXP Semiconductors NV | 0.24% | 23,225 | $4.8M | Reduce -6.5% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.24% | 61,455 | $4.8M | Add +648.7% |
| AEM Agnico Eagle Mines Ltd. | 0.24% | 60,143 | $4.7M | Add +6.1% |
| IBKR Interactive Brokers Gro Class A | 0.24% | 26,549 | $4.7M | Reduce -5.8% |
| MELI MercadoLibre Inc. | 0.23% | 2,719 | $4.6M | New |
| PAA Plains All Amer Pipeline LP | 0.23% | 266,756 | $4.6M | Add +0.8% |
| RTX RTX Corp. | 0.23% | 39,313 | $4.5M | Add +12.0% |
| MA Mastercard Inc. Class A | 0.23% | 8,522 | $4.5M | Add +2.7% |
| CAT Caterpillar Inc. | 0.22% | 12,030 | $4.4M | Add +10.2% |
| MAR Marriott International Class A | 0.22% | 15,424 | $4.3M | Reduce -6.2% |
| SYF Synchrony Financial | 0.21% | 63,672 | $4.1M | Add +28.9% |
| AMT American Tower Corp. | 0.21% | 22,239 | $4.1M | Reduce -7.0% |
| CELH Celsius Holdings Inc. | 0.20% | 153,827 | $4.1M | Reduce -15.4% |
| MU Micron Technology Inc. | 0.20% | 48,012 | $4.0M | Add +3.7% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $3.8M (not counted above)
Total filed on the 13F, all lines: $2.0B.
Portfolio Sells Q3 2024 → Q4 2024
| VGSH Vanguard Short-Term Treasury | Reduce -96.5% | 0.04% | −1.09 |
| FCN Fti Consulting Inc. | Reduce -22.1% | 0.77% | −0.47 |
| JNJ Johnson & Johnson | Reduce -11.0% | 0.88% | −0.29 |
| PSA Public Storage | Reduce -3.9% | 0.75% | −0.25 |
| LMT Lockheed Martin Corp. | Reduce -1.4% | 0.79% | −0.23 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.20 |
| EXPD Expeditors Intl Wash Inc. | Reduce -92.5% | 0.01% | −0.18 |
| PLD Prologis Inc. | Reduce -10.5% | 0.43% | −0.18 |
| FNV Franco-Nevada Corp. | Reduce -7.1% | 0.88% | −0.18 |
| SO The Southern Co. | Reduce -3.8% | 0.87% | −0.17 |
| UPS United Parcel Service Class B | Reduce -87.3% | 0.02% | −0.17 |
| ABBV Abbvie Inc. | Reduce -13.1% | 0.43% | −0.15 |
| DUK Duke Energy Corp. | Reduce -4.4% | 0.78% | −0.14 |
| PLTR Palantir Technologies Inc. Class A | Reduce -53.2% | 1.31% | −0.14 |
| CMCSA Comcast Corp. Class A | Reduce -15.2% | 0.36% | −0.14 |
| CI The Cigna Group | Reduce -89.6% | 0.01% | −0.13 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.4% | 1.09% | −0.13 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.0% | 1.66% | −0.12 |
| FMB First Trust Managed Municipa | Reduce -9.0% | 0.59% | −0.11 |
| SWKS Skyworks Solutions Inc. | Sold out | 0.00% | −0.11 |
| ULTA Ulta Beauty Inc. | Sold out | 0.00% | −0.10 |
| FNF Fidelity National Financial | Reduce -4.0% | 0.49% | −0.10 |
| CRBG Corebridge Financial Inc. | Sold out | 0.00% | −0.10 |
| KLAC KLA Corp. | Reduce -80.1% | 0.02% | −0.10 |
| TXN Texas Instruments Inc. | Reduce -7.7% | 0.39% | −0.10 |
| SGOV iShares 0-3 Month Treasury B | Reduce -12.3% | 0.48% | −0.10 |
| CELH Celsius Holdings Inc. | Reduce -15.4% | 0.20% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -30.1% | 0.13% | −0.10 |
| BAP Credicorp Ltd. | Sold out | 0.00% | −0.09 |
| AMT American Tower Corp. | Reduce -7.0% | 0.21% | −0.09 |
| IBM Intl Business Machines Corp. | Reduce -29.6% | 0.17% | −0.09 |
| MTD Mettler-Toledo International | Sold out | 0.00% | −0.08 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.07 |
| GSK GSK PLC-Spon ADR | Reduce -65.2% | 0.03% | −0.07 |
| NXPI NXP Semiconductors NV | Reduce -6.5% | 0.24% | −0.07 |
| HAL Halliburton Co. | Reduce -17.7% | 0.20% | −0.07 |
| ALLY Ally Financial Inc. | Sold out | 0.00% | −0.07 |
| COF Capital One Financial Corp. | Reduce -81.7% | 0.02% | −0.07 |
| MEDP Medpace Holdings Inc. | Sold out | 0.00% | −0.07 |
| BKH Black Hills Corp. | Reduce -69.3% | 0.03% | −0.07 |
| SPG Simon Property Group Inc. | Reduce -75.6% | 0.02% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -54.5% | 0.04% | −0.06 |
| MPC Marathon Petroleum Corp. | Reduce -73.0% | 0.02% | −0.06 |
| UNH Unitedhealth Group Inc. | Reduce -1.1% | 0.26% | −0.06 |
| ORCL Oracle Corp. | Reduce -0.6% | 0.70% | −0.06 |
| LEN Lennar Corp. Class A | Reduce -22.1% | 0.07% | −0.06 |
| NFBK Northfield Bancorp Inc. | Sold out | 0.00% | −0.06 |
| HCA HCA Healthcare Inc. | Reduce -10.8% | 0.10% | −0.06 |
| DOCU Docusign Inc. | Sold out | 0.00% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -1.0% | 1.73% | −0.05 |
Portfolio Buys Q3 2024 → Q4 2024
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +116.4% | 3.02% | +1.54 |
| AAPL Apple Inc. | Add +2.8% | 6.63% | +0.30 |
| SHY iShares 1-3 Year Treasury Bo | Add +51.8% | 0.93% | +0.28 |
| UVE Universal Insurance Holdings | Add +100.0% | 0.61% | +0.27 |
| MELI MercadoLibre Inc. | New | 0.23% | +0.23 |
| JPM JPMorgan Chase & Co. | Add +11.9% | 1.30% | +0.22 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +648.7% | 0.24% | +0.21 |
| ORLA Orla Mining Ltd. | Add +20.6% | 0.50% | +0.18 |
| APP AppLovin Corp. Class A | Add +26.6% | 0.27% | +0.18 |
| TWLO Twilio Inc. Class A | New | 0.17% | +0.17 |
| TEVA Teva Pharmaceutical-SP ADR | New | 0.17% | +0.17 |
| DBX Dropbox Inc. Class A | New | 0.16% | +0.16 |
| TSLA Tesla Inc. | Add +1.8% | 0.48% | +0.16 |
| GOOG Alphabet Inc. Class C | Add +1.8% | 1.52% | +0.14 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.14% | +0.14 |
| BKNG Booking Holdings Inc. | Add +214.2% | 0.19% | +0.13 |
| UNM Unum Group | Add +135.6% | 0.20% | +0.13 |
| AVGO Broadcom Inc. | Add +10.3% | 0.44% | +0.13 |
| ERIC Ericsson (lm) Tel-SP ADR | New | 0.12% | +0.12 |
| C Citigroup Inc. | Add +193.1% | 0.17% | +0.12 |
| V Visa Inc. Class A | Add +3.1% | 1.03% | +0.11 |
| GOOGL Alphabet Inc. Class A | Add +4.6% | 0.96% | +0.11 |
| IBIT iShares Bitcoin Trust ETF | Add +17.1% | 0.28% | +0.11 |
| FIS Fidelity National Info Serv | Add +567.1% | 0.12% | +0.10 |
| INCY Incyte Corp. | New | 0.10% | +0.10 |
| SLB SLB Ltd. | Add +54.2% | 0.39% | +0.10 |
| UTHR United Therapeutics Corp. | New | 0.10% | +0.10 |
| IWM iShares Russell 2000 ETF | Add +506.1% | 0.12% | +0.10 |
| THC Tenet Healthcare Corp. | New | 0.09% | +0.09 |
| AVA Avista Corp. | New | 0.08% | +0.08 |
| CAH Cardinal Health Inc. | Add +10.1% | 0.77% | +0.08 |
| SYF Synchrony Financial | Add +28.9% | 0.21% | +0.08 |
| BMY Bristol-Myers Squibb Co. | Add +27.5% | 0.32% | +0.08 |
| GRMN Garmin Ltd. | Add +0.9% | 0.71% | +0.08 |
| ORI Old Republic Intl Corp. | New | 0.08% | +0.08 |
| IVV iShares Core S&P 500 ETF | Add +69.5% | 0.19% | +0.08 |
| FOXA Fox Corp. Class A | New | 0.07% | +0.07 |
| NRG NRG Energy Inc. | New | 0.07% | +0.07 |
| CRM Salesforce Inc. | Add +14.1% | 0.27% | +0.06 |
| EQNR Equinor ASA-Spon ADR | New | 0.06% | +0.06 |
| PCTY Paylocity Holding Corp. | New | 0.06% | +0.06 |
| WSM Williams-Sonoma Inc. | Add +29.8% | 0.19% | +0.06 |
| IRM Iron Mountain Inc. | Add +572.0% | 0.07% | +0.06 |
| JMST JPM Ultra-Short Muni Income | Add +11.6% | 1.12% | +0.06 |
| GDDY GoDaddy Inc. Class A | Add +29.2% | 0.16% | +0.06 |
| ZTS Zoetis Inc. | Add +118.9% | 0.13% | +0.06 |
| EOG EOG Resources Inc. | Add +108.3% | 0.11% | +0.05 |
| CCK Crown Holdings Inc. | New | 0.05% | +0.05 |
| WIX Wix.com Ltd. | New | 0.05% | +0.05 |
| PG The Procter & Gamble Co. | Add +25.0% | 0.38% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 693 | $3.3B | NVDA, AAPL, MSFT, SHY, VCIT |
| Q1 2026 | 643 | $2.9B | NVDA, AAPL, MSFT, SHY, GLD |
| Q4 2025 | 641 | $2.8B | NVDA, AAPL, MSFT, SHY, GLD |
| Q3 2025 | 659 | $2.7B | NVDA, AAPL, MSFT, SHY, GLD |
| Q2 2025 | 635 | $2.4B | NVDA, AAPL, MSFT, AMZN, BIL |
| Q1 2025 | 594 | $2.1B | AAPL, NVDA, MSFT, BIL, AMZN |
| Q4 2024 | 557 | $2.0B | NVDA, AAPL, MSFT, BIL, AMZN |
| Q3 2024 | 565 | $1.9B | NVDA, AAPL, MSFT, AMZN, COST |
| Q1 2024 | 529 | $1.6B | NVDA, AAPL, MSFT, AMZN, BRK.B |