Denver PWM, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Denver PWM, LLC reported 95 stock positions worth $258.7 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 9.3% of the portfolio, followed by Schwab International Equity ETF (7.3%) and Schwab US Mid Cap ETF (SCHM, 6.5%). Compared with Q4 2023, it opened 21 new positions, sold out of 11, added to 30 and reduced 40. The biggest buy was Schwab US Large-Cap Growth (SCHG, shares +33%) and the biggest sale an exit from iShares US Treasury Bond ETF (GOVT).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001657980
- Portfolio Value
- $258.7M (Q1 2024)
- SEC Filing
- 0001986152-24-000020 ↗ filed May 14, 2024
Holdings Value
Holdings 95 stocks · $258.7M
| SCHG Schwab US Large-Cap Growth | 9.29% | 262,563 | $24.0M | Add +32.8% |
| SCHWAB INTERNATIONAL EQUITY ETF | 7.25% | 486,120 | $18.8M | Reduce -4.4% |
| SCHM Schwab US Mid Cap ETF | 6.47% | 210,405 | $16.8M | Add +0.3% |
| SCHV Schwab US Large-Cap Value | 6.20% | 215,616 | $16.1M | New |
| IBIT iShares Bitcoin Trust ETF | 5.13% | 595,956 | $13.3M | New |
| TOTL SS Doubleline TR Tact ETF | 4.99% | 325,240 | $12.9M | Add +8.3% |
| SCHD Schwab US DVD Equity ETF | 4.87% | 159,645 | $12.6M | Add +0.1% |
| SCHX Schwab US Large-Cap ETF | 4.72% | 199,662 | $12.2M | Reduce -49.5% |
| MOAT Vaneck Morningstar Wide Moat | 3.62% | 106,990 | $9.4M | Add +0.3% |
| AGG iShares Core U.S. Aggregate | 3.60% | 95,973 | $9.3M | Reduce -0.5% |
| SMOT Vaneck Morningstar Smid Moat | 3.49% | 272,776 | $9.0M | Reduce -0.7% |
| SCHA Schwab US Small-Cap ETF | 3.32% | 180,028 | $8.6M | Add +1.2% |
| VOO Vanguard S&P 500 ETF | 3.25% | 17,754 | $8.4M | Add +1495.2% |
| VTI VG Morningstar TS MKT ETF-US | 2.74% | 27,727 | $7.1M | Reduce -14.6% |
| PIMCO ACTIVE BOND ETF | 2.68% | 76,154 | $6.9M | New |
| BSJO Invesco Bulletshares 2024 HY | 1.82% | 207,389 | $4.7M | New |
| IVE iShares S&P 500 Value ETF | 1.39% | 39,094 | $3.6M | Add +2633.8% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 1.24% | 125,591 | $3.2M | Reduce -1.3% |
| VIGI Vanguard Int Div App Indx FD | 1.05% | 31,775 | $2.7M | Reduce -0.2% |
| ANGL Vaneck Fallen Angel High YLD | 1.04% | 93,277 | $2.7M | Reduce -0.5% |
| IWR iShares Russell Mid-Cap ETF | 0.95% | 29,979 | $2.5M | Reduce -5.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.87% | 10,108 | $2.2M | Reduce -1.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.83% | 29,371 | $2.2M | Reduce -9.6% |
| EFA iShares MSCI Eafe ETF | 0.83% | 27,253 | $2.2M | Reduce -5.8% |
| IVV iShares Core S&P 500 ETF | 0.82% | 4,118 | $2.1M | Add +1.6% |
| FBND Fidelity Total Bond ETF | 0.78% | 44,685 | $2.0M | New |
| IQLT iShares MSCI International Q | 0.76% | 50,346 | $2.0M | Reduce -0.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.70% | 36,298 | $1.8M | Add +0.6% |
| BIV Vanguard Intermediate-Term B | 0.70% | 24,210 | $1.8M | Reduce -0.2% |
| CRM Salesforce Inc. | 0.53% | 4,675 | $1.4M | Reduce -0.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.53% | 3,151 | $1.4M | New |
| BERKSHIRE HATHAWAY CLASS B | 0.53% | 3,287 | $1.4M | Add +38.9% |
| IPAC iShares Core MSCI Pacific Et | 0.53% | 21,925 | $1.4M | Add +5.8% |
| USBF iShares Trust iShares Usd SY | 0.50% | 28,353 | $1.3M | Add +2.2% |
| ORCL Oracle Corp. | 0.48% | 9,873 | $1.2M | Add +0.3% |
| XLV SS Health Care Select Sector | 0.47% | 8,461 | $1.2M | Reduce -97.2% |
| SCHO Schwab Short-Term US Treas | 0.46% | 24,740 | $1.2M | Reduce -26.9% |
| INVSC S P 500 EQUAL WEIGHT ETF | 0.43% | 6,713 | $1.1M | New |
| MSFT Microsoft Corp. | 0.43% | 2,625 | $1.1M | Reduce -0.5% |
| NTSE Wisdomtree Emerging Markets | 0.39% | 34,114 | $1.0M | New |
| IUSG iShares Core S&P U.S. Growth | 0.36% | 8,131 | $942K | Reduce -8.7% |
| NVDA Nvidia Corp. | 0.36% | 1,080 | $939K | Reduce -5.3% |
| ISHARES CORE S&P SMALL-CAP ETF | 0.36% | 8,694 | $934K | New |
| MUB iShares National Muni Bond E | 0.36% | 8,668 | $926K | Reduce -0.8% |
| IWB iShares Russell 1000 ETF | 0.35% | 3,176 | $901K | Reduce -7.4% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 16,892 | $838K | Add +3.5% |
| AM Antero Midstream Corp. | 0.31% | 56,256 | $806K | Reduce 0.0% |
| SCHC Schwab Intl Small-Cap Equity | 0.29% | 21,128 | $749K | Add +1.4% |
| BSJP Invesco Bulletshares 2025 HY | 0.29% | 32,697 | $749K | New |
| AAPL Apple Inc. | 0.29% | 4,375 | $742K | Reduce -11.8% |
| VSGX Vanguard ESG Intl Stock ETF | 0.28% | 12,360 | $721K | Add +86.0% |
| IWM iShares Russell 2000 ETF | 0.27% | 3,425 | $699K | Reduce -7.8% |
| SCHB Schwab US Broad Market ETF | 0.27% | 11,529 | $692K | Reduce -2.5% |
| ESGV Vanguard ESG US Stock ETF | 0.26% | 7,282 | $665K | Reduce -1.0% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.24% | 3,894 | $623K | Reduce -92.9% |
| CMCSA Comcast Corp. Class A | 0.24% | 14,811 | $608K | No change |
| AR Antero Resources Corp. | 0.21% | 19,187 | $556K | Add +0.3% |
| ACN Accenture PLC Class A | 0.20% | 30,000 | $529K | New |
| IJK iShares S&P Mid-Cap 400 Grow | 0.18% | 5,338 | $477K | Reduce -0.5% |
| AMZN Amazon.com Inc. | 0.18% | 2,534 | $460K | Reduce -5.9% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.17% | 1,895 | $448K | Add +13.2% |
| USMV iShares MSCI USA Min Vol Fac | 0.17% | 5,196 | $427K | Reduce -0.0% |
| IMNM Immunome Inc. | 0.16% | 20,000 | $415K | New |
| TLH iShares 10-20 Year Treasury | 0.16% | 4,001 | $412K | Add +0.1% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.16% | 1,210 | $411K | No change |
| MDYV SS SPDR S&P 400 MC Val ETF | 0.15% | 4,613 | $394K | New |
| SYK Stryker Corp. | 0.15% | 1,130 | $393K | New |
| SCHP Schwab U.S. Tips ETF | 0.15% | 7,431 | $385K | Reduce -0.7% |
| BABA Alibaba Group Holding-SP ADR | 0.14% | 4,950 | $357K | New |
| SCHW Schwab (charles) Corp. | 0.13% | 4,628 | $330K | Reduce -7.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 2,710 | $319K | Add +3.7% |
| JPM JPMorgan Chase & Co. | 0.12% | 1,578 | $311K | Reduce -12.5% |
| EEMV iShares MSCI Emg MKT Min Vol | 0.12% | 5,831 | $303K | Add +1.3% |
| TSLA Tesla Inc. | 0.11% | 1,724 | $295K | Reduce -1.6% |
| EAGG iShares ESG Aware US Aggrega | 0.11% | 6,317 | $295K | New |
| FDX FedEx Corp. | 0.11% | 1,068 | $294K | Add +1.9% |
| GOOG Alphabet Inc. Class C | 0.11% | 1,870 | $286K | Reduce -1.9% |
| TXN Texas Instruments Inc. | 0.11% | 1,642 | $278K | Add +0.2% |
| VEU Vanguard Ftse All-World Ex-U | 0.11% | 4,756 | $277K | Add +0.4% |
| META Meta Platforms Inc. Class A | 0.10% | 526 | $272K | Reduce -17.6% |
| VGT Vanguard Info Tech ETF | 0.10% | 525 | $271K | Reduce -10.1% |
| XOM Exxon Mobil Corp. | 0.10% | 2,140 | $255K | Add +2.9% |
| AMGN Amgen Inc. | 0.10% | 939 | $253K | Add +0.6% |
| NKE Nike Inc. Class B | 0.10% | 2,821 | $251K | Add +40.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.08% | 421 | $217K | New |
| KMI Kinder Morgan Inc. | 0.08% | 11,480 | $212K | Reduce -2.3% |
| SPGP Invesco S&P 500 Garp ETF | 0.08% | 1,967 | $207K | New |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.08% | 3,872 | $201K | Reduce -22.2% |
| FLG New York Community Bancorp | 0.07% | 54,000 | $173K | New |
| NZF Nuveen Municipal Credit Inc. | 0.06% | 12,780 | $153K | Add +1.3% |
| XMVFX BlackRock Munivest Fund | 0.06% | 21,907 | $151K | New |
| CGGR Cap Group Growth Equity | 0.05% | 4,100 | $117K | New |
| RDW Redwire Corp. | 0.03% | 20,000 | $86K | No change |
| ABEV Ambev SA-ADR | 0.03% | 33,008 | $81K | Add +97.6% |
| BKSY Blacksky Technology Inc. | 0.01% | 25,984 | $36K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| GOVT iShares US Treasury Bond ETF | Sold out | 0.00% | −13.54 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -92.9% | 0.24% | −3.55 |
| BOND PIMCO Active Bond Exchange-T | Sold out | 0.00% | −3.26 |
| IUSV iShares Core S&P U.S. Value | Sold out | 0.00% | −1.57 |
| SCHX Schwab US Large-Cap ETF | Reduce -49.5% | 4.72% | −1.37 |
| SCHWAB INTERNATIONAL EQUITY ETF | Reduce -4.4% | 7.25% | −1.32 |
| GUNR NT Mstar GLBL NR ETF | Sold out | 0.00% | −0.89 |
| AGG iShares Core U.S. Aggregate | Reduce -0.5% | 3.60% | −0.80 |
| JHEQX JPMorgan Hedged Equity-I | Sold out | 0.00% | −0.64 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Sold out | 0.00% | −0.64 |
| IJR iShares Core S&P Small-Cap E | Sold out | 0.00% | −0.41 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -0.7% | 3.49% | −0.39 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -14.6% | 2.74% | −0.38 |
| SCHO Schwab Short-Term US Treas | Reduce -26.9% | 0.46% | −0.30 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -9.6% | 0.83% | −0.21 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -0.5% | 1.04% | −0.20 |
| IWR iShares Russell Mid-Cap ETF | Reduce -5.5% | 0.95% | −0.16 |
| EFA iShares MSCI Eafe ETF | Reduce -5.8% | 0.83% | −0.16 |
| BIV Vanguard Intermediate-Term B | Reduce -0.2% | 0.70% | −0.15 |
| VIG Vanguard Dividend Apprec ETF | Sold out | 0.00% | −0.15 |
| SUSC iShares ESG Aware Usd Corpor | Sold out | 0.00% | −0.14 |
| AAPL Apple Inc. | Reduce -11.8% | 0.29% | −0.13 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -1.3% | 0.87% | −0.11 |
| IQLT iShares MSCI International Q | Reduce -0.1% | 0.76% | −0.10 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -22.2% | 0.08% | −0.09 |
| XLV SS Health Care Select Sector | Reduce -97.2% | 0.47% | −0.08 |
| MUB iShares National Muni Bond E | Reduce -0.8% | 0.36% | −0.08 |
| TSLA Tesla Inc. | Reduce -1.6% | 0.11% | −0.08 |
| NHTC Natural Health Trends Corp. | Sold out | 0.00% | −0.07 |
| IWM iShares Russell 2000 ETF | Reduce -7.8% | 0.27% | −0.06 |
| IWB iShares Russell 1000 ETF | Reduce -7.4% | 0.35% | −0.06 |
| IUSG iShares Core S&P U.S. Growth | Reduce -8.7% | 0.36% | −0.05 |
| SCHB Schwab US Broad Market ETF | Reduce -2.5% | 0.27% | −0.03 |
| SCHP Schwab U.S. Tips ETF | Reduce -0.7% | 0.15% | −0.03 |
| SCHW Schwab (charles) Corp. | Reduce -7.1% | 0.13% | −0.03 |
| ESGV Vanguard ESG US Stock ETF | Reduce -1.0% | 0.26% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -12.5% | 0.12% | −0.02 |
| MSFT Microsoft Corp. | Reduce -0.5% | 0.43% | −0.02 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -0.0% | 0.17% | −0.02 |
| VGT Vanguard Info Tech ETF | Reduce -10.1% | 0.10% | −0.02 |
| CRM Salesforce Inc. | Reduce -0.9% | 0.53% | −0.02 |
| KMI Kinder Morgan Inc. | Reduce -2.3% | 0.08% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -1.9% | 0.11% | −0.01 |
| TLRY Tilray Brands Inc. | Sold out | 0.00% | −0.01 |
| AM Antero Midstream Corp. | Reduce 0.0% | 0.31% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -0.5% | 0.18% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -5.9% | 0.18% | −0.00 |
| META Meta Platforms Inc. Class A | Reduce -17.6% | 0.10% | +0.00 |
| NVDA Nvidia Corp. | Reduce -5.3% | 0.36% | +0.11 |
| VIGI Vanguard Int Div App Indx FD | Reduce -0.2% | 1.05% | +0.72 |
Portfolio Buys Q4 2023 → Q1 2024
| SCHG Schwab US Large-Cap Growth | Add +32.8% | 9.29% | +8.55 |
| SCHV Schwab US Large-Cap Value | New | 6.20% | +6.20 |
| IBIT iShares Bitcoin Trust ETF | New | 5.13% | +5.13 |
| VOO Vanguard S&P 500 ETF | Add +1495.2% | 3.25% | +3.03 |
| PIMCO ACTIVE BOND ETF | New | 2.68% | +2.68 |
| BSJO Invesco Bulletshares 2024 HY | New | 1.82% | +1.82 |
| IVE iShares S&P 500 Value ETF | Add +2633.8% | 1.39% | +1.27 |
| FBND Fidelity Total Bond ETF | New | 0.78% | +0.78 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.53% | +0.53 |
| INVSC S P 500 EQUAL WEIGHT ETF | New | 0.43% | +0.43 |
| NTSE Wisdomtree Emerging Markets | New | 0.39% | +0.39 |
| ISHARES CORE S&P SMALL-CAP ETF | New | 0.36% | +0.36 |
| BSJP Invesco Bulletshares 2025 HY | New | 0.29% | +0.29 |
| ACN Accenture PLC Class A | New | 0.20% | +0.20 |
| IMNM Immunome Inc. | New | 0.16% | +0.16 |
| MDYV SS SPDR S&P 400 MC Val ETF | New | 0.15% | +0.15 |
| SYK Stryker Corp. | New | 0.15% | +0.15 |
| BABA Alibaba Group Holding-SP ADR | New | 0.14% | +0.14 |
| BERKSHIRE HATHAWAY CLASS B | Add +38.9% | 0.53% | +0.13 |
| EAGG iShares ESG Aware US Aggrega | New | 0.11% | +0.11 |
| VSGX Vanguard ESG Intl Stock ETF | Add +86.0% | 0.28% | +0.11 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.08% | +0.08 |
| SPGP Invesco S&P 500 Garp ETF | New | 0.08% | +0.08 |
| FLG New York Community Bancorp | New | 0.07% | +0.07 |
| XMVFX BlackRock Munivest Fund | New | 0.06% | +0.06 |
| CGGR Cap Group Growth Equity | New | 0.05% | +0.05 |
| AR Antero Resources Corp. | Add +0.3% | 0.21% | +0.02 |
| DIS The Walt Disney Co. | Add +3.7% | 0.12% | +0.01 |
| ABEV Ambev SA-ADR | Add +97.6% | 0.03% | +0.01 |
| ORCL Oracle Corp. | Add +0.3% | 0.48% | +0.01 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +13.2% | 0.17% | +0.01 |
| NKE Nike Inc. Class B | Add +40.1% | 0.10% | +0.00 |
| XOM Exxon Mobil Corp. | Add +2.9% | 0.10% | +0.00 |
| FDX FedEx Corp. | Add +1.9% | 0.11% | −0.01 |
| NZF Nuveen Municipal Credit Inc. | Add +1.3% | 0.06% | −0.01 |
| VEU Vanguard Ftse All-World Ex-U | Add +0.4% | 0.11% | −0.01 |
| EEMV iShares MSCI Emg MKT Min Vol | Add +1.3% | 0.12% | −0.02 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.11% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Add +3.5% | 0.32% | −0.03 |
| IPAC iShares Core MSCI Pacific Et | Add +5.8% | 0.53% | −0.03 |
| AMGN Amgen Inc. | Add +0.6% | 0.10% | −0.03 |
| TLH iShares 10-20 Year Treasury | Add +0.1% | 0.16% | −0.04 |
| SCHC Schwab Intl Small-Cap Equity | Add +1.4% | 0.29% | −0.04 |
| IVV iShares Core S&P 500 ETF | Add +1.6% | 0.82% | −0.06 |
| USBF iShares Trust iShares Usd SY | Add +2.2% | 0.50% | −0.09 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +0.6% | 0.70% | −0.15 |
| SCHA Schwab US Small-Cap ETF | Add +1.2% | 3.32% | −0.44 |
| MOAT Vaneck Morningstar Wide Moat | Add +0.3% | 3.62% | −0.49 |
| TOTL SS Doubleline TR Tact ETF | Add +8.3% | 4.99% | −0.58 |
| SCHM Schwab US Mid Cap ETF | Add +0.3% | 6.47% | −0.65 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 89 | $305.7M | SCHG, SCHV, SCHM, IBTH, HEFA |
| Q1 2026 | 87 | $290.9M | SCHG, SCHM, IBTH, SCHV, IBTG |
| Q4 2025 | 76 | $299.4M | SCHG, SCHV, SCHM, SCHF, IBTG |
| Q3 2025 | 78 | $320.7M | SCHG, IBTF, SCHV, SCHM, SCHF |
| Q2 2025 | 78 | $320.7M | SCHG, IBTF, SCHV, SCHM, SCHF |
| Q1 2025 | 70 | $277.9M | SCHG, SCHV, IBTF, SCHM, SCHF |
| Q4 2024 | 231 | $258.4M | SCHG, SCHM, SCHV, IBTF, SCHF |
| Q3 2024Amended | 159 | $263.3M | SCHG, SCHF, SCHV, SCHM, TOTL |
| Q2 2024 | 234 | $250.7M | SCHG, SCHF, SCHV, SCHM, IBTE |
| Q1 2024 | 95 | $258.7M | SCHG, SCHWAB INTERNATIONAL EQUITY ETF, SCHM, SCHV, IBIT |