CWA Asset Management Group, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 17, 2025), CWA Asset Management Group, LLC reported 635 stock positions worth $2.4 billion. Its top holding was Nvidia (NVDA) at 6.5% of the portfolio, followed by Apple (AAPL, 4.6%) and Microsoft (MSFT, 4.2%). Compared with Q1 2025, it opened 85 new positions, sold out of 44, added to 305 and reduced 208. The biggest buy was a new position in Capitol Ser TR and the biggest sale Apple (AAPL, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- NAPLES, FL
- CIK
- 0001667134
- Portfolio Value
- $2.4B (Q2 2025)
- SEC Filing
- 0001667134-25-000004 ↗ filed Jul 17, 2025
Holdings Value
Holdings 635 stocks · $2.4B
| NVDA Nvidia Corp. | 6.52% | 975,629 | $154.1M | Reduce -5.1% |
| AAPL Apple Inc. | 4.55% | 524,195 | $107.5M | Reduce -1.9% |
| MSFT Microsoft Corp. | 4.18% | 198,773 | $98.9M | Add +0.6% |
| AMZN Amazon.com Inc. | 2.27% | 245,011 | $53.8M | Reduce -2.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 2.26% | 583,186 | $53.5M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 1.66% | 52,996 | $39.1M | Add +2.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.55% | 75,476 | $36.7M | Add +2.4% |
| COST Costco Wholesale Corp. | 1.49% | 35,483 | $35.1M | Reduce -3.1% |
| GLD SPDR Gold Shares | 1.40% | 108,875 | $33.2M | Add +16.5% |
| SHY iShares 1-3 Year Treasury Bo | 1.38% | 394,083 | $32.7M | Add +37.0% |
| VCIT Vanguard Int-Term Corporate | 1.32% | 376,436 | $31.2M | Add +16.4% |
| CAPITOL SER TR | 1.29% | 1,210,812 | $30.6M | New |
| JPM JPMorgan Chase & Co. | 1.24% | 101,311 | $29.4M | Reduce -0.1% |
| VTI VG Morningstar TS MKT ETF-US | 1.19% | 92,223 | $28.0M | Add +9.6% |
| GOOG Alphabet Inc. Class C | 1.15% | 153,699 | $27.3M | Reduce -2.2% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 1.14% | 530,088 | $27.0M | Add +10.9% |
| VGSH Vanguard Short-Term Treasury | 1.10% | 441,459 | $25.9M | Add +47.8% |
| ORLA Orla Mining Ltd. filed as ORLA MNG LTD NEW | 1.08% | 2,543,641 | $25.5M | Reduce -12.8% |
| V Visa Inc. Class A | 1.01% | 67,106 | $23.8M | Reduce -1.1% |
| GOOGL Alphabet Inc. Class A | 0.91% | 122,198 | $21.5M | Add +3.0% |
| BILS SS Spdrb B 3-12M T-Bill ETF | 0.88% | 209,539 | $20.8M | Reduce -7.1% |
| AVGO Broadcom Inc. | 0.85% | 72,746 | $20.1M | Add +78.6% |
| CAH Cardinal Health Inc. | 0.80% | 112,015 | $18.8M | Add +22.1% |
| MO Altria Group Inc. | 0.79% | 318,994 | $18.7M | Add +22.9% |
| JNJ Johnson & Johnson | 0.78% | 121,025 | $18.5M | Reduce -2.0% |
| PLTR Palantir Technologies Inc. Class A | 0.77% | 133,193 | $18.2M | Reduce -21.8% |
| CCJ Cameco Corp. | 0.76% | 243,121 | $18.0M | Reduce -5.5% |
| SO The Southern Co. | 0.73% | 188,458 | $17.3M | Reduce -1.9% |
| ORCL Oracle Corp. | 0.67% | 72,523 | $15.9M | Reduce -7.4% |
| DUK Duke Energy Corp. | 0.67% | 133,783 | $15.8M | Reduce -1.4% |
| IVV iShares Core S&P 500 ETF | 0.59% | 22,350 | $13.9M | Add +6.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.58% | 22,214 | $13.7M | Add +5.5% |
| SGOV iShares 0-3 Month Treasury B | 0.57% | 134,506 | $13.5M | Add +18.2% |
| QCOM Qualcomm Inc. | 0.55% | 82,207 | $13.1M | Add +0.9% |
| PSA Public Storage | 0.55% | 44,488 | $13.1M | Reduce -4.4% |
| CASY Casey's General Stores Inc. | 0.55% | 25,353 | $12.9M | Add +1.8% |
| DE Deere & Co. | 0.55% | 25,398 | $12.9M | Reduce -21.6% |
| FNV Franco-Nevada Corp. | 0.54% | 77,548 | $12.7M | Reduce -52.0% |
| GLRE Greenlight Capital Re Ltd. Class A | 0.53% | 865,797 | $12.4M | Add +27.8% |
| GS Goldman Sachs Group Inc. | 0.52% | 17,469 | $12.4M | Reduce -2.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.52% | 154,893 | $12.3M | Add +5.1% |
| XLC SS Comm Select Sector SPDR | 0.51% | 111,622 | $12.1M | Reduce -3.2% |
| BX Blackstone Inc. | 0.50% | 78,410 | $11.7M | Reduce -0.9% |
| RRC Range Resources Corp. | 0.47% | 270,847 | $11.0M | New |
| MOS The Mosaic Co. | 0.46% | 299,733 | $10.9M | New |
| ICL Icl Group Ltd. | 0.46% | 1,577,016 | $10.8M | New |
| GRMN Garmin Ltd. | 0.45% | 51,468 | $10.7M | Reduce -23.8% |
| JBL Jabil Inc. | 0.45% | 49,136 | $10.7M | Reduce -6.9% |
| FMB First Trust Managed Municipa | 0.45% | 214,457 | $10.7M | Add +1.6% |
| LMT Lockheed Martin Corp. | 0.45% | 22,889 | $10.6M | Reduce -1.0% |
| MUB iShares National Muni Bond E | 0.44% | 100,168 | $10.5M | Add +6.8% |
| SMMD iShares Russell 2500 ETF | 0.44% | 152,710 | $10.4M | Add +6.8% |
| PG The Procter & Gamble Co. | 0.44% | 64,661 | $10.3M | Reduce -1.6% |
| INTU Intuit Inc. | 0.43% | 12,996 | $10.2M | Reduce -3.7% |
| ABBV Abbvie Inc. | 0.40% | 51,376 | $9.5M | Add +3.6% |
| RJF Raymond James Financial Inc. | 0.39% | 60,682 | $9.3M | Reduce -5.0% |
| TSLA Tesla Inc. | 0.39% | 29,279 | $9.3M | Add +16.2% |
| FCN Fti Consulting Inc. | 0.39% | 56,451 | $9.1M | Reduce -10.3% |
| MA Mastercard Inc. Class A | 0.38% | 16,056 | $9.0M | Add +79.3% |
| ORLY O'reilly Automotive Inc. | 0.37% | 97,749 | $8.8M | Add +16.6% |
| FNF Fidelity National Financial | 0.37% | 156,826 | $8.8M | Reduce -1.5% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 152,346 | $8.7M | Add +8.4% |
| CSCO Cisco Systems Inc. | 0.34% | 117,177 | $8.1M | Reduce -2.5% |
| PM Philip Morris International | 0.34% | 44,038 | $8.0M | Add +7.0% |
| VOO Vanguard S&P 500 ETF | 0.34% | 14,112 | $8.0M | Add +6.4% |
| FCFS Firstcash Holdings Inc. | 0.33% | 57,520 | $7.8M | Add +365.3% |
| WINA Winmark Corp. | 0.32% | 20,053 | $7.6M | Add +47.6% |
| GILD Gilead Sciences Inc. | 0.31% | 65,743 | $7.3M | Reduce -43.1% |
| PLD Prologis Inc. | 0.31% | 68,848 | $7.2M | Reduce -7.2% |
| SYF Synchrony Financial | 0.30% | 107,609 | $7.2M | Add +15.9% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 151,262 | $7.2M | Add +6.5% |
| AEM Agnico Eagle Mines Ltd. | 0.30% | 59,072 | $7.0M | Add +26.3% |
| TWLO Twilio Inc. Class A | 0.29% | 55,843 | $6.9M | Add +14.0% |
| RTX RTX Corp. | 0.29% | 46,544 | $6.8M | Add +1.0% |
| FLUT Flutter Entertainment PLC-Di | 0.28% | 23,521 | $6.7M | Reduce -4.5% |
| ADSK Autodesk Inc. | 0.28% | 21,707 | $6.7M | Reduce -4.2% |
| WMT Walmart Inc. | 0.28% | 68,014 | $6.7M | Add +6.8% |
| C Citigroup Inc. | 0.28% | 78,019 | $6.6M | Add +12.4% |
| UNM Unum Group | 0.27% | 79,493 | $6.4M | Add +13.0% |
| SII Sprott Inc. | 0.27% | 92,204 | $6.4M | Add +29.0% |
| PHM Pultegroup Inc. | 0.26% | 58,827 | $6.2M | Add +5.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.26% | 117,517 | $6.2M | Add +8.2% |
| GL Globe Life Inc. | 0.26% | 48,609 | $6.0M | Add +47.5% |
| TXN Texas Instruments Inc. | 0.26% | 29,088 | $6.0M | Reduce -25.2% |
| USB US Bancorp | 0.26% | 133,222 | $6.0M | Add +557.6% |
| HD Home Depot Inc. | 0.25% | 16,336 | $6.0M | Reduce -2.6% |
| WIX Wix.com Ltd. | 0.25% | 37,745 | $6.0M | Add +126.2% |
| CELH Celsius Holdings Inc. | 0.25% | 128,899 | $6.0M | Reduce -6.0% |
| ACN Accenture PLC Class A | 0.25% | 19,941 | $6.0M | Reduce -7.3% |
| AMGN Amgen Inc. | 0.25% | 21,347 | $6.0M | Reduce -7.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.25% | 174,777 | $5.9M | Reduce -7.8% |
| CMCSA Comcast Corp. Class A | 0.25% | 164,284 | $5.9M | Reduce -38.8% |
| CHKP Check Point Software Tech | 0.24% | 26,101 | $5.8M | Add +12.7% |
| FTNT Fortinet Inc. | 0.24% | 53,780 | $5.7M | Reduce -0.2% |
| CVX Chevron Corp. | 0.24% | 39,580 | $5.7M | Reduce -10.0% |
| LLY Eli Lilly & Co. | 0.24% | 7,236 | $5.6M | Add +4.0% |
| GM General Motors Co. | 0.24% | 114,189 | $5.6M | Add +160.5% |
| IBIT iShares Bitcoin Trust ETF | 0.24% | 91,749 | $5.6M | Reduce -9.1% |
| GLW Corning Inc. | 0.23% | 105,218 | $5.5M | Reduce -4.6% |
| BMY Bristol-Myers Squibb Co. | 0.23% | 119,450 | $5.5M | Add +3.0% |
Options reported separately and not counted above: KO puts ($7K), MO puts ($5K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $4.8M (not counted above)
Total filed on the 13F, all lines: $2.4B.
Portfolio Sells Q1 2025 → Q2 2025
| AAPL Apple Inc. | Reduce -1.9% | 4.55% | −1.14 |
| AGG iShares Core U.S. Aggregate | Reduce -97.4% | 0.03% | −1.06 |
| FNV Franco-Nevada Corp. | Reduce -52.0% | 0.54% | −0.68 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -3.2% | 2.26% | −0.39 |
| DLTR Dollar Tree Inc. | Reduce -94.6% | 0.02% | −0.35 |
| GILD Gilead Sciences Inc. | Reduce -43.1% | 0.31% | −0.31 |
| BABA Alibaba Group Holding-SP ADR | Reduce -50.3% | 0.17% | −0.27 |
| VXUS Vanguard Total Intl Stock | Reduce -91.1% | 0.03% | −0.27 |
| GRMN Garmin Ltd. | Reduce -23.8% | 0.45% | −0.25 |
| TPR Tapestry Inc. | Sold out | 0.00% | −0.24 |
| ORLA Orla Mining Ltd. | Reduce -12.8% | 1.08% | −0.23 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -94.5% | 0.01% | −0.23 |
| CMCSA Comcast Corp. Class A | Reduce -38.8% | 0.25% | −0.23 |
| GOLD Gold.com Inc. | Sold out | 0.00% | −0.22 |
| UVE Universal Insurance Holdings | Reduce -76.5% | 0.07% | −0.22 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.21 |
| JNJ Johnson & Johnson | Reduce -2.0% | 0.78% | −0.20 |
| BILS SS Spdrb B 3-12M T-Bill ETF | Reduce -7.1% | 0.88% | −0.19 |
| DE Deere & Co. | Reduce -21.6% | 0.55% | −0.18 |
| COST Costco Wholesale Corp. | Reduce -3.1% | 1.49% | −0.18 |
| INCY Incyte Corp. | Sold out | 0.00% | −0.17 |
| MU Micron Technology Inc. | Reduce -88.0% | 0.03% | −0.16 |
| MMM 3M Co. | Reduce -77.9% | 0.04% | −0.16 |
| ALCO Alico Inc. | Sold out | 0.00% | −0.16 |
| BNY Bank of New York Mellon Corp. | Reduce -90.3% | 0.02% | −0.15 |
| WFC Wells Fargo & Co. | Reduce -76.6% | 0.05% | −0.15 |
| NVS Novartis AG-Sponsored ADR | Reduce -71.5% | 0.06% | −0.15 |
| MTCH Match Group Inc. | Sold out | 0.00% | −0.13 |
| V Visa Inc. Class A | Reduce -1.1% | 1.01% | −0.13 |
| SLB SLB Ltd. | Reduce -7.8% | 0.25% | −0.13 |
| DUK Duke Energy Corp. | Reduce -1.4% | 0.67% | −0.13 |
| FNF Fidelity National Financial | Reduce -1.5% | 0.37% | −0.13 |
| UNH Unitedhealth Group Inc. | Reduce -21.0% | 0.09% | −0.13 |
| UTHR United Therapeutics Corp. | Sold out | 0.00% | −0.12 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.12 |
| PSA Public Storage | Reduce -4.4% | 0.55% | −0.12 |
| SO The Southern Co. | Reduce -1.9% | 0.73% | −0.12 |
| CVX Chevron Corp. | Reduce -10.0% | 0.24% | −0.11 |
| FCN Fti Consulting Inc. | Reduce -10.3% | 0.39% | −0.11 |
| CORT Corcept Therapeutics Inc. | Sold out | 0.00% | −0.11 |
| PG The Procter & Gamble Co. | Reduce -1.6% | 0.44% | −0.10 |
| PLD Prologis Inc. | Reduce -7.2% | 0.31% | −0.09 |
| CSL Carlisle Cos Inc. | Sold out | 0.00% | −0.09 |
| AMGN Amgen Inc. | Reduce -7.1% | 0.25% | −0.09 |
| VTS Vitesse Energy Inc. | Sold out | 0.00% | −0.09 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.08 |
| AEP American Electric Power | Reduce -72.7% | 0.02% | −0.08 |
| TXN Texas Instruments Inc. | Reduce -25.2% | 0.26% | −0.08 |
| CAT Caterpillar Inc. | Reduce -39.0% | 0.14% | −0.08 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -16.7% | 0.15% | −0.08 |
Portfolio Buys Q1 2025 → Q2 2025
| CAPITOL SER TR | New | 1.29% | +1.29 |
| MSFT Microsoft Corp. | Add +0.6% | 4.18% | +0.63 |
| AVGO Broadcom Inc. | Add +78.6% | 0.85% | +0.52 |
| RRC Range Resources Corp. | New | 0.47% | +0.47 |
| MOS The Mosaic Co. | New | 0.46% | +0.46 |
| ICL Icl Group Ltd. | New | 0.46% | +0.46 |
| FCFS Firstcash Holdings Inc. | Add +365.3% | 0.33% | +0.26 |
| VGSH Vanguard Short-Term Treasury | Add +47.8% | 1.10% | +0.26 |
| SHY iShares 1-3 Year Treasury Bo | Add +37.0% | 1.38% | +0.24 |
| META Meta Platforms Inc. Class A | Add +2.8% | 1.66% | +0.23 |
| USB US Bancorp | Add +557.6% | 0.26% | +0.21 |
| VRSN Verisign Inc. | New | 0.21% | +0.21 |
| APTV Aptiv PLC | New | 0.21% | +0.21 |
| CRBG Corebridge Financial Inc. | New | 0.20% | +0.20 |
| PINS Pinterest Inc. Class A | New | 0.20% | +0.20 |
| OR Or Royalties Inc. | New | 0.20% | +0.20 |
| CAH Cardinal Health Inc. | Add +22.1% | 0.80% | +0.19 |
| DVA Davita Inc. | New | 0.18% | +0.18 |
| EBAY eBay Inc. | New | 0.17% | +0.17 |
| EXPE Expedia Group Inc. | New | 0.16% | +0.16 |
| SCCO Southern Copper Corp. | New | 0.16% | +0.16 |
| COIN Coinbase Global Inc. Class A | New | 0.15% | +0.15 |
| MA Mastercard Inc. Class A | Add +79.3% | 0.38% | +0.15 |
| FIX Comfort Systems USA Inc. | New | 0.14% | +0.14 |
| GM General Motors Co. | Add +160.5% | 0.24% | +0.14 |
| WIX Wix.com Ltd. | Add +126.2% | 0.25% | +0.12 |
| SII Sprott Inc. | Add +29.0% | 0.27% | +0.12 |
| WINA Winmark Corp. | Add +47.6% | 0.32% | +0.11 |
| GLD SPDR Gold Shares | Add +16.5% | 1.40% | +0.11 |
| JBS JBS NV-A | New | 0.10% | +0.10 |
| VST Vistra Corp. | Add +653.9% | 0.11% | +0.10 |
| CRCT Cricut Inc. Class A | New | 0.09% | +0.09 |
| CNC Centene Corp. | New | 0.09% | +0.09 |
| PAYC Paycom Software Inc. | New | 0.09% | +0.09 |
| GLRE Greenlight Capital Re Ltd. Class A | Add +27.8% | 0.53% | +0.09 |
| XLK SS Technology Select Sector | Add +132.5% | 0.14% | +0.08 |
| TSLA Tesla Inc. | Add +16.2% | 0.39% | +0.08 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.6% | 1.19% | +0.08 |
| NFBK Northfield Bancorp Inc. | New | 0.07% | +0.07 |
| SU Suncor Energy Inc. | Add +197.6% | 0.11% | +0.07 |
| HII Huntington Ingalls Industrie | Add +62.0% | 0.17% | +0.07 |
| SYF Synchrony Financial | Add +15.9% | 0.30% | +0.07 |
| NTCT Netscout Systems Inc. | New | 0.07% | +0.07 |
| PENG Penguin Solutions Inc. | New | 0.07% | +0.07 |
| HUM Humana Inc. | New | 0.07% | +0.07 |
| CYD China Yuchai Intl Ltd. | New | 0.07% | +0.07 |
| TWLO Twilio Inc. Class A | Add +14.0% | 0.29% | +0.06 |
| PRLB Proto Labs Inc. | New | 0.06% | +0.06 |
| NRG NRG Energy Inc. | Add +14.1% | 0.15% | +0.06 |
| CWH Camping World Holdings Inc. Class A | New | 0.06% | +0.06 |
Options Activity Q1 2025 → Q2 2025
| KO The Coca-Cola Co. | put | Reduce -1.7% | 11,800 | $7K |
| MO Altria Group Inc. | put | Reduce -4.7% | 10,200 | $5K |
| PM Philip Morris International | put | Sold out | 12,000 | $600before exit |
| MDLZ Mondelez International Inc. Class A | put | Sold out | 10,300 | $46before exit |
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 |