CWA Asset Management Group, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 21, 2025), CWA Asset Management Group, LLC reported 594 stock positions worth $2.1 billion. Its top holding was Apple (AAPL) at 5.7% of the portfolio, followed by Nvidia (NVDA, 5.3%) and Microsoft (MSFT, 3.6%). Compared with Q4 2024, it opened 69 new positions, sold out of 32, added to 348 and reduced 147. The biggest buy was Orla Mining (ORLA, shares +63%) and the biggest sale Palantir Technologies Class A (PLTR, shares −50%).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001667134
- Portfolio Value
- $2.1B (Q1 2025)
- SEC Filing
- 0001667134-25-000003 ↗ filed Apr 21, 2025
Holdings Value
Holdings 594 stocks · $2.1B
| AAPL Apple Inc. | 5.69% | 534,291 | $118.7M | Add +1.9% |
| NVDA Nvidia Corp. | 5.35% | 1,028,241 | $111.4M | Add +1.9% |
| MSFT Microsoft Corp. | 3.56% | 197,516 | $74.1M | Add +2.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.65% | 602,719 | $55.3M | Reduce -7.9% |
| AMZN Amazon.com Inc. | 2.30% | 252,280 | $48.0M | Reduce -0.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.88% | 73,683 | $39.2M | Add +1.6% |
| COST Costco Wholesale Corp. | 1.66% | 36,635 | $34.6M | Reduce -1.8% |
| META Meta Platforms Inc. Class A | 1.43% | 51,580 | $29.7M | Add +1.6% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 1.31% | 2,918,040 | $27.3M | Add +63.4% |
| GLD SPDR Gold Shares | 1.29% | 93,478 | $26.9M | Add +20.4% |
| VCIT Vanguard Int-Term Corporate | 1.27% | 323,338 | $26.4M | Add +20.4% |
| FNV Franco-Nevada Corp. | 1.22% | 161,719 | $25.5M | Add +8.8% |
| JPM JPMorgan Chase & Co. | 1.19% | 101,367 | $24.9M | Reduce -5.4% |
| GOOG Alphabet Inc. Class C | 1.18% | 157,179 | $24.6M | Reduce -0.5% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.17% | 478,001 | $24.3M | Add +9.6% |
| SHY iShares 1-3 Year Treasury Bo | 1.14% | 287,678 | $23.8M | Add +27.7% |
| V Visa Inc. Class A | 1.14% | 67,846 | $23.8M | Add +5.5% |
| VTI VG Morningstar TS MKT ETF-US | 1.11% | 84,127 | $23.1M | Add +2.9% |
| AGG iShares Core U.S. Aggregate | 1.09% | 229,084 | $22.7M | Add +14.3% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 1.08% | 225,477 | $22.4M | Reduce -1.1% |
| JNJ Johnson & Johnson | 0.98% | 123,552 | $20.5M | Add +2.5% |
| GOOGL Alphabet Inc. Class A | 0.88% | 118,628 | $18.3M | Add +18.1% |
| SO The Southern Co. | 0.85% | 192,111 | $17.7M | Reduce -7.8% |
| VGSH Vanguard Short-Term Treasury | 0.84% | 298,655 | $17.5M | Add +2328.9% |
| DUK Duke Energy Corp. | 0.79% | 135,710 | $16.6M | Reduce -5.4% |
| MO Altria Group Inc. | 0.75% | 259,513 | $15.6M | Add +7.9% |
| DE Deere & Co. | 0.73% | 32,373 | $15.2M | Reduce -22.1% |
| GRMN Garmin Ltd. | 0.70% | 67,495 | $14.7M | Reduce -0.5% |
| PLTR Palantir Technologies Inc. Class A | 0.69% | 170,312 | $14.4M | Reduce -50.5% |
| PSA Public Storage | 0.67% | 46,517 | $13.9M | Reduce -6.6% |
| GILD Gilead Sciences Inc. | 0.62% | 115,575 | $13.0M | Add +50.2% |
| CAH Cardinal Health Inc. | 0.61% | 91,740 | $12.6M | Reduce -28.9% |
| QCOM Qualcomm Inc. | 0.60% | 81,484 | $12.5M | Add +1.4% |
| IVV iShares Core S&P 500 ETF | 0.57% | 21,094 | $11.9M | Add +223.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.57% | 21,060 | $11.8M | Add +21.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.56% | 147,327 | $11.6M | Add +139.7% |
| SGOV iShares 0-3 Month Treasury B | 0.55% | 113,786 | $11.5M | Add +20.3% |
| PG The Procter & Gamble Co. | 0.54% | 65,686 | $11.2M | Add +44.5% |
| XLC SS Comm Select Sector SPDR | 0.53% | 115,270 | $11.1M | Reduce -4.3% |
| BX Blackstone Inc. | 0.53% | 79,122 | $11.1M | Reduce -5.8% |
| ORCL Oracle Corp. | 0.53% | 78,308 | $10.9M | Reduce -5.7% |
| CASY Casey's General Stores Inc. | 0.52% | 24,900 | $10.8M | Reduce -13.1% |
| FMB First Trust Managed Municipa | 0.51% | 211,053 | $10.6M | Reduce -7.9% |
| CCJ Cameco Corp. | 0.51% | 257,132 | $10.6M | Reduce -8.2% |
| ABBV Abbvie Inc. | 0.50% | 49,605 | $10.4M | Add +2.5% |
| FNF Fidelity National Financial | 0.50% | 159,284 | $10.4M | Reduce -7.3% |
| LMT Lockheed Martin Corp. | 0.50% | 23,124 | $10.3M | Reduce -27.9% |
| FCN Fti Consulting Inc. | 0.50% | 62,938 | $10.3M | Reduce -21.2% |
| CMCSA Comcast Corp. Class A | 0.48% | 268,520 | $9.9M | Add +40.0% |
| MUB iShares National Muni Bond E | 0.47% | 93,757 | $9.9M | Add +11.2% |
| GS Goldman Sachs Group Inc. | 0.47% | 17,896 | $9.8M | Reduce -7.3% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.44% | 677,566 | $9.2M | Add +88.5% |
| BABA Alibaba Group Holding-SP ADR | 0.44% | 69,296 | $9.2M | Add +94.7% |
| SMMD iShares Russell 2500 ETF | 0.43% | 142,924 | $8.9M | Add +3.5% |
| RJF Raymond James Financial Inc. | 0.43% | 63,904 | $8.9M | Reduce -7.8% |
| PLD Prologis Inc. | 0.40% | 74,183 | $8.3M | Reduce -8.1% |
| INTU Intuit Inc. | 0.40% | 13,493 | $8.3M | Reduce -6.8% |
| ORLY O'reilly Automotive Inc. | 0.38% | 5,590 | $8.0M | Add +3.9% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.38% | 189,660 | $7.9M | Reduce -5.2% |
| DLTR Dollar Tree Inc. | 0.37% | 103,330 | $7.8M | New |
| CSCO Cisco Systems Inc. | 0.36% | 120,213 | $7.4M | Reduce -3.4% |
| CVX Chevron Corp. | 0.35% | 43,962 | $7.4M | Add +0.1% |
| JBL Jabil Inc. | 0.34% | 52,777 | $7.2M | Reduce -9.9% |
| AMGN Amgen Inc. | 0.34% | 22,974 | $7.2M | Add +270.7% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 140,533 | $7.1M | Add +12.9% |
| BMY Bristol-Myers Squibb Co. | 0.34% | 115,915 | $7.1M | Add +4.3% |
| TXN Texas Instruments Inc. | 0.34% | 38,906 | $7.0M | Reduce -4.9% |
| AVGO Broadcom Inc. | 0.33% | 40,724 | $6.8M | Add +9.4% |
| VOO Vanguard S&P 500 ETF | 0.33% | 13,259 | $6.8M | Add +1.0% |
| ACN Accenture PLC Class A | 0.32% | 21,524 | $6.7M | Add +12.8% |
| PM Philip Morris International | 0.31% | 41,136 | $6.5M | Add +70.0% |
| TSLA Tesla Inc. | 0.31% | 25,189 | $6.5M | Add +7.2% |
| VXUS Vanguard Total Intl Stock | 0.30% | 99,615 | $6.2M | Add +3.7% |
| HD Home Depot Inc. | 0.29% | 16,773 | $6.1M | Add +0.4% |
| RTX RTX Corp. | 0.29% | 46,082 | $6.1M | Add +17.2% |
| UVE Universal Insurance Holdings | 0.29% | 251,570 | $6.0M | Reduce -55.9% |
| ADSK Autodesk Inc. | 0.28% | 22,664 | $5.9M | Reduce -10.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 142,038 | $5.9M | Add +15.2% |
| PHM Pultegroup Inc. | 0.28% | 56,032 | $5.8M | Add +3.1% |
| LLY Eli Lilly & Co. | 0.28% | 6,955 | $5.7M | Add +2.4% |
| UNM Unum Group | 0.28% | 70,344 | $5.7M | Add +27.4% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.27% | 108,622 | $5.7M | Add +501.1% |
| WMT Walmart Inc. | 0.27% | 63,657 | $5.6M | Add +6.0% |
| MCD McDonald's Corp. | 0.27% | 17,809 | $5.6M | Add +40.0% |
| FLUT Flutter Entertainment PLC-Di | 0.26% | 24,633 | $5.5M | Reduce -35.7% |
| CHKP Check Point Software Tech | 0.25% | 23,157 | $5.3M | Add +108.3% |
| FTNT Fortinet Inc. | 0.25% | 53,886 | $5.2M | Reduce -7.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.25% | 68,194 | $5.2M | Add +374.5% |
| APP AppLovin Corp. Class A | 0.24% | 19,223 | $5.1M | Add +14.6% |
| PAA Plains All Amer Pipeline LP | 0.24% | 254,624 | $5.1M | Reduce -4.5% |
| AEM Agnico Eagle Mines Ltd. | 0.24% | 46,788 | $5.1M | Reduce -22.2% |
| GLW Corning Inc. | 0.24% | 110,295 | $5.0M | Reduce -7.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.24% | 72,631 | $5.0M | Add +129.5% |
| TPR Tapestry Inc. | 0.24% | 70,179 | $4.9M | Add +23.9% |
| C Citigroup Inc. | 0.24% | 69,395 | $4.9M | Add +45.6% |
| SYF Synchrony Financial | 0.24% | 92,848 | $4.9M | Add +45.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 22,144 | $4.9M | Add +65.2% |
| MA Mastercard Inc. Class A | 0.24% | 8,956 | $4.9M | Add +5.1% |
| CELH Celsius Holdings Inc. | 0.23% | 137,201 | $4.9M | Reduce -10.8% |
| TWLO Twilio Inc. Class A | 0.23% | 48,969 | $4.8M | Add +56.5% |
Options reported separately and not counted above: KO puts ($600), PM puts ($600), MO puts ($428), MDLZ puts ($46).
Other holdings (2): bonds, preferreds, convertibles and warrants · $1.7M (not counted above)
Total filed on the 13F, all lines: $2.1B.
Portfolio Sells Q4 2024 → Q1 2025
| PLTR Palantir Technologies Inc. Class A | Reduce -50.5% | 0.69% | −0.62 |
| AMZN Amazon.com Inc. | Reduce -0.0% | 2.30% | −0.49 |
| WPM Wheaton Precious Metals Corp. | Reduce -94.4% | 0.03% | −0.43 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -7.9% | 2.65% | −0.37 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 1.18% | −0.34 |
| SII Sprott Inc. | Reduce -68.3% | 0.15% | −0.33 |
| UVE Universal Insurance Holdings | Reduce -55.9% | 0.29% | −0.32 |
| GOLD Gold.com Inc. | Reduce -51.5% | 0.22% | −0.29 |
| LMT Lockheed Martin Corp. | Reduce -27.9% | 0.50% | −0.29 |
| FCN Fti Consulting Inc. | Reduce -21.2% | 0.50% | −0.28 |
| FLUT Flutter Entertainment PLC-Di | Reduce -35.7% | 0.26% | −0.24 |
| MELI MercadoLibre Inc. | Reduce -96.1% | 0.01% | −0.22 |
| CCJ Cameco Corp. | Reduce -8.2% | 0.51% | −0.22 |
| BX Blackstone Inc. | Reduce -5.8% | 0.53% | −0.20 |
| ORCL Oracle Corp. | Reduce -5.7% | 0.53% | −0.17 |
| TEVA Teva Pharmaceutical-SP ADR | Sold out | 0.00% | −0.17 |
| CAH Cardinal Health Inc. | Reduce -28.9% | 0.61% | −0.16 |
| DE Deere & Co. | Reduce -22.1% | 0.73% | −0.16 |
| GDDY GoDaddy Inc. Class A | Reduce -87.5% | 0.02% | −0.14 |
| WF Woori Financial-Spon ADR | Sold out | 0.00% | −0.13 |
| KR Kroger Co. | Reduce -92.6% | 0.01% | −0.13 |
| CL Colgate-Palmolive Co. | Reduce -80.3% | 0.03% | −0.12 |
| BKNG Booking Holdings Inc. | Reduce -58.7% | 0.07% | −0.12 |
| RJF Raymond James Financial Inc. | Reduce -7.8% | 0.43% | −0.12 |
| CRM Salesforce Inc. | Reduce -21.4% | 0.16% | −0.11 |
| JPM JPMorgan Chase & Co. | Reduce -5.4% | 1.19% | −0.10 |
| FIS Fidelity National Info Serv | Reduce -86.6% | 0.01% | −0.10 |
| DBX Dropbox Inc. Class A | Reduce -57.1% | 0.06% | −0.10 |
| TROW T Rowe Price Group Inc. | Reduce -22.2% | 0.15% | −0.10 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -86.9% | 0.01% | −0.09 |
| ADSK Autodesk Inc. | Reduce -10.1% | 0.28% | −0.09 |
| GS Goldman Sachs Group Inc. | Reduce -7.3% | 0.47% | −0.09 |
| IDCC Interdigital Inc. | Sold out | 0.00% | −0.09 |
| PSA Public Storage | Reduce -6.6% | 0.67% | −0.09 |
| KB KB Financial Group Inc.-ADR | Sold out | 0.00% | −0.08 |
| JBL Jabil Inc. | Reduce -9.9% | 0.34% | −0.08 |
| HCA HCA Healthcare Inc. | Reduce -85.8% | 0.01% | −0.08 |
| MUSA Murphy USA Inc. | Sold out | 0.00% | −0.08 |
| FMB First Trust Managed Municipa | Reduce -7.9% | 0.51% | −0.08 |
| NTNX Nutanix Inc. Class A | Sold out | 0.00% | −0.07 |
| PR Permian Resources Corp. Class A | Reduce -87.3% | 0.01% | −0.07 |
| DIS The Walt Disney Co. | Reduce -30.2% | 0.10% | −0.07 |
| ZTS Zoetis Inc. | Reduce -50.4% | 0.06% | −0.07 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.07 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -1.1% | 1.08% | −0.07 |
| NOW ServiceNow Inc. | Reduce -6.4% | 0.13% | −0.06 |
| COST Costco Wholesale Corp. | Reduce -1.8% | 1.66% | −0.06 |
| INTU Intuit Inc. | Reduce -6.8% | 0.40% | −0.06 |
| MAR Marriott International Class A | Reduce -11.5% | 0.16% | −0.06 |
| HAL Halliburton Co. | Reduce -21.7% | 0.14% | −0.06 |
Portfolio Buys Q4 2024 → Q1 2025
| ORLA Orla Mining Ltd. | Add +63.4% | 1.31% | +0.81 |
| VGSH Vanguard Short-Term Treasury | Add +2328.9% | 0.84% | +0.80 |
| IVV iShares Core S&P 500 ETF | Add +223.9% | 0.57% | +0.38 |
| DLTR Dollar Tree Inc. | New | 0.37% | +0.37 |
| GLD SPDR Gold Shares | Add +20.4% | 1.29% | +0.34 |
| FNV Franco-Nevada Corp. | Add +8.8% | 1.22% | +0.34 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +139.7% | 0.56% | +0.32 |
| BABA Alibaba Group Holding-SP ADR | Add +94.7% | 0.44% | +0.29 |
| GILD Gilead Sciences Inc. | Add +50.2% | 0.62% | +0.26 |
| AMGN Amgen Inc. | Add +270.7% | 0.34% | +0.26 |
| BRK.A Berkshire Hathaway Inc. Class A | New | 0.23% | +0.23 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +501.1% | 0.27% | +0.23 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 1.88% | +0.22 |
| SHY iShares 1-3 Year Treasury Bo | Add +27.7% | 1.14% | +0.21 |
| GL Globe Life Inc. | New | 0.21% | +0.21 |
| IEFA iShares Core MSCI Eafe ETF | Add +374.5% | 0.25% | +0.20 |
| GLRE Greenlight Capital Re Ltd. Class A | Add +88.5% | 0.44% | +0.19 |
| VCIT Vanguard Int-Term Corporate | Add +20.4% | 1.27% | +0.18 |
| PM Philip Morris International | Add +70.0% | 0.31% | +0.17 |
| ALCO Alico Inc. | New | 0.16% | +0.16 |
| PG The Procter & Gamble Co. | Add +44.5% | 0.54% | +0.15 |
| TAP Molson Coors Beverage Co. Class B | New | 0.15% | +0.15 |
| CHKP Check Point Software Tech | Add +108.3% | 0.25% | +0.15 |
| BIIB Biogen Inc. | New | 0.15% | +0.15 |
| EMR Emerson Electric Co. | Add +644.6% | 0.17% | +0.14 |
| MTCH Match Group Inc. | New | 0.13% | +0.13 |
| CART Maplebear Inc. | New | 0.12% | +0.12 |
| FHN First Horizon Corp. | New | 0.12% | +0.12 |
| V Visa Inc. Class A | Add +5.5% | 1.14% | +0.11 |
| MO Altria Group Inc. | Add +7.9% | 0.75% | +0.11 |
| CMCSA Comcast Corp. Class A | Add +40.0% | 0.48% | +0.11 |
| AGG iShares Core U.S. Aggregate | Add +14.3% | 1.09% | +0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +129.5% | 0.24% | +0.10 |
| JNJ Johnson & Johnson | Add +2.5% | 0.98% | +0.10 |
| HII Huntington Ingalls Industrie | New | 0.10% | +0.10 |
| NE Noble Corp. PLC | Add +1175.6% | 0.11% | +0.10 |
| CVE Cenovus Energy Inc. | New | 0.09% | +0.09 |
| VICI Vici Properties Inc. | New | 0.09% | +0.09 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +307.9% | 0.12% | +0.09 |
| GM General Motors Co. | Add +807.1% | 0.10% | +0.09 |
| KRE SS SPDR S&P Regional Bank | New | 0.08% | +0.08 |
| MCD McDonald's Corp. | Add +40.0% | 0.27% | +0.08 |
| WIX Wix.com Ltd. | Add +243.6% | 0.13% | +0.08 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +65.2% | 0.24% | +0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.07% | +0.07 |
| EME Emcor Group Inc. | Add +218.4% | 0.12% | +0.07 |
| UNM Unum Group | Add +27.4% | 0.28% | +0.07 |
| SGOV iShares 0-3 Month Treasury B | Add +20.3% | 0.55% | +0.07 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +205.9% | 0.11% | +0.07 |
| INCY Incyte Corp. | Add +105.0% | 0.17% | +0.07 |
Options Activity Q4 2024 → Q1 2025
| KO The Coca-Cola Co. | put | New | 12,000 | $600 |
| PM Philip Morris International | put | New | 12,000 | $600 |
| MO Altria Group Inc. | put | New | 10,700 | $428 |
| MDLZ Mondelez International Inc. Class A | put | New | 10,300 | $46 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |