Denver PWM, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 4, 2025), Denver PWM, LLC reported 231 stock positions worth $258.4 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 10.1% of the portfolio, followed by Schwab US Mid Cap ETF (SCHM, 6.1%) and Schwab US Large-Cap Value (SCHV, 6.0%). Compared with Q3 2024, it opened 87 new positions, sold out of 15, added to 54 and reduced 70. The biggest buy was a new position in Isha Curr Hedged MSCI Eafe (HEFA) and the biggest sale an exit from iShares Ibonds Dec 2024 Term (IBTE).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001657980
- Portfolio Value
- $258.4M (Q4 2024)
- SEC Filing
- 0001986152-25-000014 ↗ filed Feb 4, 2025
Holdings Value
Holdings 231 stocks · $258.4M
| SCHG Schwab US Large-Cap Growth | 10.15% | 940,976 | $26.2M | Add +2.8% |
| SCHM Schwab US Mid Cap ETF | 6.10% | 568,894 | $15.8M | Reduce -7.3% |
| SCHV Schwab US Large-Cap Value | 5.96% | 591,016 | $15.4M | Reduce -14.6% |
| IBTF iShares Ibonds Dec 2025 Term | 5.63% | 623,810 | $14.5M | Add +5.2% |
| SCHF Schwab Intl Equity ETF | 5.57% | 777,662 | $14.4M | Reduce -26.7% |
| TOTL SS Doubleline TR Tact ETF | 5.43% | 356,438 | $14.0M | Reduce -8.0% |
| IBTG iShares Ibonds Dec 2026 Term | 5.43% | 615,501 | $14.0M | Add +7.3% |
| IBTH iShares Ibonds Dec 2027 Term | 5.31% | 617,803 | $13.7M | Add +8.9% |
| IBTI iShares Ibonds Dec 2028 Term | 5.26% | 620,067 | $13.6M | Add +40.0% |
| HEFA Isha Curr Hedged MSCI Eafe | 4.75% | 353,240 | $12.3M | New |
| IBTJ iShares Ibonds Dec 2029 Term | 4.56% | 552,242 | $11.8M | New |
| VOO Vanguard S&P 500 ETF | 4.00% | 19,162 | $10.3M | Add +0.2% |
| JAAA Janus Henderson Aaa Clo ETF | 3.06% | 156,128 | $7.9M | New |
| SMLF iShares US Smallcap Equity F | 2.98% | 113,961 | $7.7M | Reduce -6.3% |
| BOND PIMCO Active Bond Exchange-T | 2.52% | 71,936 | $6.5M | Reduce -9.3% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.24% | 63,714 | $5.8M | Add +1134.3% |
| SCHX Schwab US Large-Cap ETF | 1.76% | 196,545 | $4.6M | Reduce -3.0% |
| JAVA JPMorgan Active Value ETF | 1.61% | 65,747 | $4.2M | Add +62.8% |
| IUSV iShares Core S&P U.S. Value | 1.20% | 33,427 | $3.1M | Reduce -9.1% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.02% | 47,325 | $2.6M | New |
| IWR iShares Russell Mid-Cap ETF | 0.99% | 28,999 | $2.6M | Reduce -3.1% |
| IVV iShares Core S&P 500 ETF | 0.86% | 3,782 | $2.2M | Reduce -1.7% |
| SCHA Schwab US Small-Cap ETF | 0.84% | 83,967 | $2.2M | Reduce -2.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.82% | 30,254 | $2.1M | Reduce -2.0% |
| ANGL Vaneck Fallen Angel High YLD | 0.82% | 73,901 | $2.1M | Reduce -12.2% |
| EFA iShares MSCI Eafe ETF | 0.80% | 27,169 | $2.1M | Add +1.4% |
| HELO JPMorgan Hedged Equity ETF | 0.78% | 32,555 | $2.0M | Add +14.6% |
| IPAC iShares Core MSCI Pacific Et | 0.72% | 30,456 | $1.9M | Add +16.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.65% | 3,268 | $1.7M | Add +0.3% |
| ORCL Oracle Corp. | 0.64% | 9,918 | $1.7M | Reduce -0.6% |
| NVDA Nvidia Corp. | 0.58% | 11,113 | $1.5M | Add +0.1% |
| IUSG iShares Core S&P U.S. Growth | 0.40% | 7,483 | $1.0M | Add +1.5% |
| IWB iShares Russell 1000 ETF | 0.40% | 3,206 | $1.0M | Add +0.3% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 0.39% | 43,448 | $1.0M | Reduce -83.7% |
| AAPL Apple Inc. | 0.35% | 3,560 | $892K | Add +0.4% |
| MSFT Microsoft Corp. | 0.31% | 1,895 | $799K | Reduce -3.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.28% | 2,971 | $714K | Reduce -0.7% |
| SCHB Schwab US Broad Market ETF | 0.26% | 29,829 | $677K | Reduce -3.3% |
| TSLA Tesla Inc. | 0.24% | 1,562 | $631K | Add +0.2% |
| IWM iShares Russell 2000 ETF | 0.19% | 2,237 | $494K | Reduce -3.2% |
| VEA Vanguard Ftse Developed ETF | 0.18% | 9,826 | $470K | No change |
| IEMG iShares Core MSCI Emerging | 0.14% | 6,784 | $354K | Add +2.8% |
| TXN Texas Instruments Inc. | 0.12% | 1,654 | $310K | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.12% | 1,828 | $310K | Reduce -1.8% |
| SCHW Schwab (charles) Corp. | 0.12% | 4,145 | $307K | Reduce -5.1% |
| FDX FedEx Corp. | 0.11% | 1,048 | $295K | No change |
| AMZN Amazon.com Inc. | 0.11% | 1,334 | $293K | Reduce -4.6% |
| IVE iShares S&P 500 Value ETF | 0.11% | 1,459 | $279K | Add +0.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.10% | 434 | $255K | Add +60.7% |
| WMT Walmart Inc. | 0.10% | 2,799 | $253K | Reduce -8.0% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.10% | 2,897 | $252K | Reduce -2.5% |
| GOOG Alphabet Inc. Class C | 0.10% | 1,299 | $247K | Reduce -13.0% |
| IJH iShares Core S&P Midcap ETF | 0.09% | 3,727 | $232K | Reduce -9.8% |
| AXON Axon Enterprise Inc. | 0.09% | 370 | $220K | Reduce -10.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.08% | 3,953 | $216K | Add +2.6% |
| CRM Salesforce Inc. | 0.08% | 644 | $215K | Reduce -3.7% |
| NKE Nike Inc. Class B | 0.07% | 2,526 | $191K | Reduce -1.9% |
| AMGN Amgen Inc. | 0.07% | 668 | $174K | Add +0.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 1,454 | $162K | Reduce -10.7% |
| VGT Vanguard Info Tech ETF | 0.06% | 244 | $151K | Reduce -6.5% |
| JPM JPMorgan Chase & Co. | 0.06% | 623 | $149K | Reduce -17.7% |
| META Meta Platforms Inc. Class A | 0.06% | 253 | $148K | Reduce -12.5% |
| IYC iShares US Consumer Discreti | 0.05% | 1,386 | $133K | Add +0.1% |
| IWP iShares Russell Mid-Cap Grow | 0.05% | 1,049 | $133K | No change |
| PANW Palo Alto Networks Inc. | 0.05% | 666 | $121K | Add +7.8% |
| SCHC Schwab Intl Small-Cap Equity | 0.05% | 3,473 | $119K | Reduce -84.6% |
| GE General Electric filed as GE AEROSPACE | 0.04% | 682 | $114K | Reduce -19.8% |
| XOM Exxon Mobil Corp. | 0.04% | 1,023 | $110K | Reduce -1.5% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.04% | 415 | $110K | No change |
| GEV GE Vernova Inc. | 0.04% | 314 | $103K | Reduce -29.3% |
| J Jacobs Solutions Inc. | 0.04% | 750 | $100K | No change |
| RSP Invesco S&P 500 Equal Weight | 0.04% | 557 | $98K | Reduce -35.9% |
| GLD SPDR Gold Shares | 0.04% | 396 | $96K | Reduce -16.3% |
| PFE Pfizer Inc. | 0.04% | 3,426 | $91K | Add +14.5% |
| PYPL PayPal Holdings Inc. | 0.03% | 1,058 | $90K | New |
| BSJQ Invesco Bulletshares 2026 HY | 0.03% | 3,878 | $90K | Add +1.6% |
| IYJ iShares U.S. Industrials ETF | 0.03% | 675 | $90K | Add +0.3% |
| MRVL Marvell Technology Inc. | 0.03% | 813 | $90K | Reduce -15.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 427 | $84K | Reduce -23.9% |
| HON Honeywell International Inc. | 0.03% | 372 | $84K | Reduce -4.9% |
| BIIB Biogen Inc. | 0.03% | 538 | $82K | Add +43.5% |
| GEHC GE Healthcare Technology | 0.03% | 1,036 | $81K | New |
| XEL Xcel Energy Inc. | 0.03% | 1,197 | $81K | Add +0.8% |
| TSN Tyson Foods Inc. Class A | 0.03% | 1,383 | $79K | Add +1.8% |
| USB US Bancorp | 0.03% | 1,624 | $78K | Reduce -14.8% |
| ADBE Adobe Inc. | 0.03% | 173 | $77K | Add +71.3% |
| COP Conocophillips | 0.03% | 775 | $77K | No change |
| PG The Procter & Gamble Co. | 0.03% | 439 | $74K | No change |
| IVW iShares S&P 500 Growth ETF | 0.03% | 703 | $71K | No change |
| ETN Eaton Corp. PLC | 0.03% | 214 | $71K | Reduce -1.4% |
| PHO Invesco Water Resources ETF | 0.03% | 1,004 | $66K | Add +0.1% |
| IJR iShares Core S&P Small-Cap E | 0.03% | 565 | $65K | Reduce -11.7% |
| V Visa Inc. Class A | 0.02% | 203 | $64K | No change |
| Z Zillow Group Inc. Class C | 0.02% | 849 | $63K | Reduce -24.1% |
| CMG Chipotle Mexican Grill Inc. | 0.02% | 1,008 | $61K | Reduce -4.0% |
| FFIV F5 Inc. | 0.02% | 239 | $60K | Reduce -20.6% |
| SG Sweetgreen Inc. Class A | 0.02% | 1,867 | $60K | New |
| C Citigroup Inc. | 0.02% | 833 | $59K | Reduce -10.5% |
| IWD iShares Russell 1000 Value E | 0.02% | 316 | $59K | Add +0.3% |
| ETSY Etsy Inc. | 0.02% | 1,090 | $58K | Add +36.1% |
Portfolio Sells Q3 2024 → Q4 2024
| IBTE iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −5.94 |
| FNDF Schwab Fndmn Intl LRG Co. ETF | Sold out | 0.00% | −4.04 |
| SCHF Schwab Intl Equity ETF | Reduce -26.7% | 5.57% | −2.71 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Reduce -83.7% | 0.39% | −1.96 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -99.9% | 0.00% | −1.42 |
| SCHV Schwab US Large-Cap Value | Reduce -14.6% | 5.96% | −1.08 |
| TOTL SS Doubleline TR Tact ETF | Reduce -8.0% | 5.43% | −0.66 |
| SCHO Schwab Short-Term US Treas | Sold out | 0.00% | −0.36 |
| SCHM Schwab US Mid Cap ETF | Reduce -7.3% | 6.10% | −0.35 |
| BOND PIMCO Active Bond Exchange-T | Reduce -9.3% | 2.52% | −0.33 |
| BA The Boeing Co. | Reduce -99.6% | 0.00% | −0.32 |
| SCHC Schwab Intl Small-Cap Equity | Reduce -84.6% | 0.05% | −0.28 |
| INTC Intel Corp. | Reduce -93.3% | 0.01% | −0.22 |
| GUNR NT Mstar GLBL NR ETF | Reduce -97.9% | 0.00% | −0.20 |
| IUSV iShares Core S&P U.S. Value | Reduce -9.1% | 1.20% | −0.14 |
| BSJP Invesco Bulletshares 2025 HY | Reduce -94.4% | 0.01% | −0.12 |
| ANGL Vaneck Fallen Angel High YLD | Reduce -12.2% | 0.82% | −0.12 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.0% | 0.82% | −0.09 |
| SMLF iShares US Smallcap Equity F | Reduce -6.3% | 2.98% | −0.09 |
| IBHF iShares Ibond 2026 HY & Inc. | Reduce -78.3% | 0.01% | −0.04 |
| BIDU Baidu Inc. - Spon ADR | Sold out | 0.00% | −0.04 |
| DFAE Dimensional Emerging Core Eq | Sold out | 0.00% | −0.03 |
| MAT Mattel Inc. | Sold out | 0.00% | −0.03 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.02 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.02 |
| RSP Invesco S&P 500 Equal Weight | Reduce -35.9% | 0.04% | −0.02 |
| SVIX -1X Short Vix Futures ETF | Sold out | 0.00% | −0.02 |
| MRNA Moderna Inc. | Sold out | 0.00% | −0.02 |
| GE General Electric | Reduce -19.8% | 0.04% | −0.02 |
| KJAN Innovator U.S. Small Cap Pow | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -45.5% | 0.01% | −0.01 |
| NKE Nike Inc. Class B | Reduce -1.9% | 0.07% | −0.01 |
| MSFT Microsoft Corp. | Reduce -3.6% | 0.31% | −0.01 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.01 |
| NFLX Netflix Inc. | Sold out | 0.00% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -3.1% | 0.99% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -9.8% | 0.09% | −0.01 |
| STR Sitio Royalties Corp. Class A | Sold out | 0.00% | −0.01 |
| KO The Coca-Cola Co. | Reduce -26.6% | 0.01% | −0.01 |
| MRK Merck & Co. Inc. | Reduce -49.5% | 0.01% | −0.01 |
| LLY Eli Lilly & Co. | Reduce -19.7% | 0.02% | −0.01 |
| GLD SPDR Gold Shares | Reduce -16.3% | 0.04% | −0.01 |
| UBER Uber Technologies Inc. | Reduce -8.0% | 0.02% | −0.01 |
| ORCL Oracle Corp. | Reduce -0.6% | 0.64% | −0.01 |
| PCN PIMCO Corporate & Income STR | Reduce -19.0% | 0.02% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -12.5% | 0.06% | −0.01 |
| CIBR First Trust Nasdaq Cybersecu | Reduce -80.8% | 0.00% | −0.01 |
| AAPU Direxion Daily Aapl Bull 2X | Sold out | 0.00% | −0.00 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.9% | 0.03% | −0.00 |
| XYZ Block Inc. | Reduce -70.1% | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| HEFA Isha Curr Hedged MSCI Eafe | New | 4.75% | +4.75 |
| IBTJ iShares Ibonds Dec 2029 Term | New | 4.56% | +4.56 |
| JAAA Janus Henderson Aaa Clo ETF | New | 3.06% | +3.06 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +1134.3% | 2.24% | +2.06 |
| IBTI iShares Ibonds Dec 2028 Term | Add +40.0% | 5.26% | +1.47 |
| SCHG Schwab US Large-Cap Growth | Add +2.8% | 10.15% | +1.09 |
| EMXC iShares MSCI Emr MRK Ex Chna | New | 1.02% | +1.02 |
| JAVA JPMorgan Active Value ETF | Add +62.8% | 1.61% | +0.63 |
| IBTH iShares Ibonds Dec 2027 Term | Add +8.9% | 5.31% | +0.43 |
| IBTG iShares Ibonds Dec 2026 Term | Add +7.3% | 5.43% | +0.41 |
| IBTF iShares Ibonds Dec 2025 Term | Add +5.2% | 5.63% | +0.36 |
| VOO Vanguard S&P 500 ETF | Add +0.2% | 4.00% | +0.16 |
| HELO JPMorgan Hedged Equity ETF | Add +14.6% | 0.78% | +0.12 |
| TSLA Tesla Inc. | Add +0.2% | 0.24% | +0.09 |
| NVDA Nvidia Corp. | Add +0.1% | 0.58% | +0.07 |
| IPAC iShares Core MSCI Pacific Et | Add +16.0% | 0.72% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.3% | 0.65% | +0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +60.7% | 0.10% | +0.04 |
| PYPL PayPal Holdings Inc. | New | 0.03% | +0.03 |
| IUSG iShares Core S&P U.S. Growth | Add +1.5% | 0.40% | +0.03 |
| AAPL Apple Inc. | Add +0.4% | 0.35% | +0.03 |
| GEHC GE Healthcare Technology | New | 0.03% | +0.03 |
| SG Sweetgreen Inc. Class A | New | 0.02% | +0.02 |
| GD General Dynamics Corp. | New | 0.02% | +0.02 |
| BSJS Invesco Bulletshares 2028 HY | New | 0.02% | +0.02 |
| IWB iShares Russell 1000 ETF | Add +0.3% | 0.40% | +0.02 |
| BSJR Invesco Bulletshares 2027 HY | Add +172.7% | 0.02% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.01% | +0.01 |
| DASH DoorDash Inc. Class A | New | 0.01% | +0.01 |
| CBRE CBRE Group Inc. Class A | New | 0.01% | +0.01 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.01% | +0.01 |
| ADBE Adobe Inc. | Add +71.3% | 0.03% | +0.01 |
| JBBB Janus Henderson B-BBB Clo Et | New | 0.01% | +0.01 |
| FLUT Flutter Entertainment PLC-Di | New | 0.01% | +0.01 |
| CME Cme Group Inc. | New | 0.01% | +0.01 |
| BITO Proshares Bitcoin ETF-Usd | New | 0.01% | +0.01 |
| CEG Constellation Energy | New | 0.01% | +0.01 |
| VST Vistra Corp. | New | 0.01% | +0.01 |
| PANW Palo Alto Networks Inc. | Add +7.8% | 0.05% | +0.01 |
| WDAY Workday Inc. Class A | New | 0.01% | +0.01 |
| AIQ Global X Art Intel & Tech | New | 0.01% | +0.01 |
| ETSY Etsy Inc. | Add +36.1% | 0.02% | +0.01 |
| IYC iShares US Consumer Discreti | Add +0.1% | 0.05% | +0.01 |
| IWS iShares Russell Mid-Cap Valu | New | 0.01% | +0.01 |
| EW Edwards Lifesciences Corp. | New | 0.00% | +0.00 |
| BAC Bank of America Corp. | Add +66.9% | 0.01% | +0.00 |
| BIIB Biogen Inc. | Add +43.5% | 0.03% | +0.00 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +2.6% | 0.08% | +0.00 |
| TJX TJX Companies Inc. | New | 0.00% | +0.00 |
| CMP Compass Minerals Internation | Add +25.8% | 0.02% | +0.00 |
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 |