Denver PWM, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Denver PWM, LLC reported 87 stock positions worth $290.9 million. Its top holding was Schwab US Large-Cap Growth (SCHG) at 8.7% of the portfolio, followed by Schwab US Mid Cap ETF (SCHM, 6.1%) and iShares Ibonds Dec 2027 Term (IBTH, 5.9%). Compared with Q4 2025, it opened 16 new positions, sold out of 5, added to 15 and reduced 51. The biggest buy was a new position in iShares Ibonds Dec 2030 Trea (IBTK) and the biggest sale Schwab US Large-Cap Growth (SCHG, shares −31%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001657980
- Portfolio Value
- $290.9M (Q1 2026)
- SEC Filing
- 0001420506-26-000950 ↗ filed May 13, 2026
Holdings Value
Holdings 87 stocks · $290.9M
| SCHG Schwab US Large-Cap Growth | 8.70% | 741,376 | $25.3M | Reduce -31.3% |
| SCHM Schwab US Mid Cap ETF | 6.08% | 509,213 | $17.7M | Reduce -21.8% |
| IBTH iShares Ibonds Dec 2027 Term | 5.95% | 772,699 | $17.3M | Add +3.9% |
| SCHV Schwab US Large-Cap Value | 5.86% | 521,831 | $17.0M | Reduce -21.1% |
| IBTG iShares Ibonds Dec 2026 Term | 5.26% | 668,784 | $15.3M | Reduce -14.4% |
| HEFA Isha Curr Hedged MSCI Eafe | 5.11% | 332,933 | $14.9M | Reduce -17.7% |
| IBTI iShares Ibonds Dec 2028 Term | 5.08% | 665,587 | $14.8M | Reduce -11.3% |
| IBTJ iShares Ibonds Dec 2029 Term | 5.02% | 672,520 | $14.6M | Reduce -2.6% |
| SCHF Schwab Intl Equity ETF | 4.81% | 511,007 | $14.0M | Reduce -37.0% |
| IBTK iShares Ibonds Dec 2030 Trea | 4.69% | 694,518 | $13.6M | New |
| TOTL SS Doubleline TR Tact ETF | 4.40% | 323,044 | $12.8M | Reduce -18.8% |
| JAAA Janus Henderson Aaa Clo ETF | 3.27% | 187,724 | $9.5M | Reduce -16.7% |
| SMLF iShares US Smallcap Equity F | 2.99% | 103,774 | $8.7M | Reduce -21.1% |
| IJK iShares S&P Mid-Cap 400 Grow | 2.53% | 65,240 | $7.4M | Reduce -20.1% |
| VOO Vanguard S&P 500 ETF | 2.42% | 10,386 | $7.0M | Reduce -25.6% |
| SCHX Schwab US Large-Cap ETF | 1.84% | 184,945 | $5.4M | Reduce -5.0% |
| AAPL Apple Inc. | 1.78% | 17,662 | $5.2M | Reduce -4.0% |
| BOND PIMCO Active Bond Exchange-T | 1.73% | 54,601 | $5.0M | Reduce -19.8% |
| EMXC iShares MSCI Emr MRK Ex Chna | 1.43% | 42,411 | $4.2M | Reduce -22.4% |
| JAVA JPMorgan Active Value ETF | 1.38% | 52,531 | $4.0M | Reduce -37.9% |
| CAT Caterpillar Inc. | 1.15% | 3,714 | $3.3M | Reduce -10.5% |
| IVV iShares Core S&P 500 ETF | 0.86% | 3,370 | $2.5M | Reduce -9.4% |
| MSFT Microsoft Corp. | 0.84% | 5,876 | $2.4M | Reduce -5.2% |
| IPAC iShares Core MSCI Pacific Et | 0.81% | 28,658 | $2.4M | Reduce -24.1% |
| SPMO Invesco S&P 500 Momentum ETF | 0.79% | 16,053 | $2.3M | New |
| EFA iShares MSCI Eafe ETF | 0.78% | 21,914 | $2.3M | Reduce -12.3% |
| COST Costco Wholesale Corp. | 0.77% | 2,216 | $2.2M | Reduce -1.5% |
| IUSV iShares Core S&P U.S. Value | 0.73% | 19,503 | $2.1M | Reduce -40.8% |
| IWR iShares Russell Mid-Cap ETF | 0.64% | 17,670 | $1.9M | Reduce -33.2% |
| JBBB Janus Henderson B-BBB Clo Et | 0.62% | 37,995 | $1.8M | Add +110.8% |
| NVDA Nvidia Corp. | 0.57% | 7,748 | $1.7M | Reduce -53.7% |
| ORCL Oracle Corp. | 0.57% | 8,399 | $1.6M | Reduce -20.8% |
| IEFA iShares Core MSCI Eafe ETF | 0.54% | 16,020 | $1.6M | Reduce -45.1% |
| SCHA Schwab US Small-Cap ETF | 0.51% | 44,326 | $1.5M | Reduce -45.6% |
| CLSE Convergence Long/Short Eqy | 0.49% | 42,939 | $1.4M | New |
| XOM Exxon Mobil Corp. | 0.46% | 9,336 | $1.3M | Reduce -1.0% |
| IWB iShares Russell 1000 ETF | 0.45% | 3,248 | $1.3M | Add +0.8% |
| LITE Lumentum Holdings Inc. | 0.43% | 1,387 | $1.3M | New |
| AMZN Amazon.com Inc. | 0.37% | 3,956 | $1.1M | Reduce -1.1% |
| HELO JPMorgan Hedged Equity ETF | 0.35% | 15,041 | $1.0M | Reduce -59.1% |
| VZ Verizon Communications Inc. | 0.32% | 19,906 | $940K | No change |
| GOOGL Alphabet Inc. Class A | 0.27% | 1,964 | $787K | Add +1.4% |
| VEA Vanguard Ftse Developed ETF | 0.24% | 9,862 | $699K | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 2,412 | $695K | Reduce -8.4% |
| NMAX Newsmax Inc. | 0.23% | 107,741 | $683K | No change |
| SCHB Schwab US Broad Market ETF | 0.23% | 23,325 | $663K | Reduce -21.0% |
| TSLA Tesla Inc. | 0.22% | 1,501 | $643K | Reduce -4.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 6,952 | $604K | Add +467.5% |
| AVGO Broadcom Inc. | 0.20% | 1,371 | $590K | Reduce -3.1% |
| JPM JPMorgan Chase & Co. | 0.20% | 1,919 | $580K | Add +9.8% |
| MU Micron Technology Inc. | 0.20% | 764 | $570K | New |
| IUSG iShares Core S&P U.S. Growth | 0.19% | 2,957 | $549K | Reduce -57.4% |
| INTC Intel Corp. | 0.18% | 4,119 | $515K | New |
| GOOG Alphabet Inc. Class C | 0.18% | 1,286 | $510K | Reduce -4.1% |
| IWM iShares Russell 2000 ETF | 0.17% | 1,731 | $492K | Add +4.2% |
| TXN Texas Instruments Inc. | 0.17% | 1,705 | $491K | Add +0.2% |
| BA The Boeing Co. | 0.17% | 2,045 | $485K | Add +10.7% |
| GE General Electric filed as GE AEROSPACE | 0.16% | 1,604 | $477K | Add +24.1% |
| WMT Walmart Inc. | 0.16% | 3,561 | $464K | Add +22.1% |
| VIAV Viavi Solutions Inc. | 0.15% | 8,742 | $448K | New |
| CVS CVS Health Corp. | 0.14% | 4,650 | $421K | Reduce -9.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.14% | 3,896 | $421K | Reduce -2.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.14% | 1,800 | $414K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.14% | 990 | $408K | Reduce -8.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.13% | 1,855 | $384K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.13% | 520 | $383K | New |
| BMY Bristol-Myers Squibb Co. | 0.12% | 6,400 | $359K | Reduce -7.3% |
| HD Home Depot Inc. | 0.12% | 1,121 | $356K | Reduce -16.2% |
| GEV GE Vernova Inc. | 0.12% | 341 | $354K | New |
| META Meta Platforms Inc. Class A | 0.12% | 567 | $345K | Add +2.7% |
| AMGN Amgen Inc. | 0.12% | 1,041 | $345K | Add +1.3% |
| IEMG iShares Core MSCI Emerging | 0.12% | 4,112 | $341K | Reduce -32.4% |
| IVE iShares S&P 500 Value ETF | 0.11% | 1,393 | $312K | Reduce -23.8% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.10% | 2,821 | $303K | Reduce -4.1% |
| SCHW Schwab (charles) Corp. | 0.10% | 3,368 | $298K | Reduce -14.0% |
| WFC Wells Fargo & Co. | 0.10% | 3,889 | $294K | Add +11.2% |
| BND Vanguard Total Bond Market | 0.10% | 3,861 | $284K | No change |
| GILD Gilead Sciences Inc. | 0.09% | 2,100 | $276K | Add +5.0% |
| JNJ Johnson & Johnson | 0.09% | 1,197 | $265K | New |
| C Citigroup Inc. | 0.09% | 2,021 | $254K | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.09% | 3,853 | $250K | Reduce -2.5% |
| PG The Procter & Gamble Co. | 0.08% | 1,580 | $231K | Reduce -15.1% |
| CVX Chevron Corp. | 0.08% | 1,241 | $225K | New |
| RKLB Rocket Lab Corp. | 0.07% | 2,008 | $212K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.07% | 1,374 | $211K | New |
| AMD Advanced Micro Devices | 0.07% | 460 | $209K | New |
| LLY Eli Lilly & Co. | 0.07% | 216 | $205K | New |
Portfolio Sells Q4 2025 → Q1 2026
| SCHG Schwab US Large-Cap Growth | Reduce -31.3% | 8.70% | −1.84 |
| SCHF Schwab Intl Equity ETF | Reduce -37.0% | 4.81% | −1.18 |
| TOTL SS Doubleline TR Tact ETF | Reduce -18.8% | 4.40% | −0.93 |
| ANGL Vaneck Fallen Angel High YLD | Sold out | 0.00% | −0.82 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -14.4% | 5.26% | −0.72 |
| QQQ Invesco QQQ Trust Series 1 | Sold out | 0.00% | −0.62 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -16.7% | 3.27% | −0.55 |
| IBTI iShares Ibonds Dec 2028 Term | Reduce -11.3% | 5.08% | −0.52 |
| JAVA JPMorgan Active Value ETF | Reduce -37.9% | 1.38% | −0.47 |
| HELO JPMorgan Hedged Equity ETF | Reduce -59.1% | 0.35% | −0.42 |
| BOND PIMCO Active Bond Exchange-T | Reduce -19.8% | 1.73% | −0.36 |
| IUSV iShares Core S&P U.S. Value | Reduce -40.8% | 0.73% | −0.31 |
| NVDA Nvidia Corp. | Reduce -53.7% | 0.57% | −0.31 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -45.1% | 0.54% | −0.28 |
| SCHV Schwab US Large-Cap Value | Reduce -21.1% | 5.86% | −0.26 |
| VOO Vanguard S&P 500 ETF | Reduce -25.6% | 2.42% | −0.23 |
| ORCL Oracle Corp. | Reduce -20.8% | 0.57% | −0.21 |
| MSFT Microsoft Corp. | Reduce -5.2% | 0.84% | −0.19 |
| SCHA Schwab US Small-Cap ETF | Reduce -45.6% | 0.51% | −0.18 |
| IWR iShares Russell Mid-Cap ETF | Reduce -33.2% | 0.64% | −0.17 |
| IUSG iShares Core S&P U.S. Growth | Reduce -57.4% | 0.19% | −0.16 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.10 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.08 |
| IJH iShares Core S&P Midcap ETF | Sold out | 0.00% | −0.07 |
| IPAC iShares Core MSCI Pacific Et | Reduce -24.1% | 0.81% | −0.05 |
| HD Home Depot Inc. | Reduce -16.2% | 0.12% | −0.04 |
| IBTJ iShares Ibonds Dec 2029 Term | Reduce -2.6% | 5.02% | −0.03 |
| DIS The Walt Disney Co. | Reduce -2.6% | 0.14% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -15.1% | 0.08% | −0.02 |
| SCHM Schwab US Mid Cap ETF | Reduce -21.8% | 6.08% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -14.0% | 0.10% | −0.02 |
| HEFA Isha Curr Hedged MSCI Eafe | Reduce -17.7% | 5.11% | −0.01 |
| IVE iShares S&P 500 Value ETF | Reduce -23.8% | 0.11% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -21.0% | 0.23% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -32.4% | 0.12% | −0.00 |
| SMLF iShares US Smallcap Equity F | Reduce -21.1% | 2.99% | +0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -2.5% | 0.09% | +0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -7.3% | 0.12% | +0.02 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -4.1% | 0.10% | +0.02 |
| COST Costco Wholesale Corp. | Reduce -1.5% | 0.77% | +0.02 |
| CVS CVS Health Corp. | Reduce -9.9% | 0.14% | +0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -8.4% | 0.24% | +0.03 |
| EFA iShares MSCI Eafe ETF | Reduce -12.3% | 0.78% | +0.04 |
| IJK iShares S&P Mid-Cap 400 Grow | Reduce -20.1% | 2.53% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.3% | 0.24% | +0.05 |
| TSLA Tesla Inc. | Reduce -4.5% | 0.22% | +0.05 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -8.8% | 0.14% | +0.06 |
| AVGO Broadcom Inc. | Reduce -3.1% | 0.20% | +0.07 |
| AMZN Amazon.com Inc. | Reduce -1.1% | 0.37% | +0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -9.4% | 0.86% | +0.09 |
Portfolio Buys Q4 2025 → Q1 2026
| IBTK iShares Ibonds Dec 2030 Trea | New | 4.69% | +4.69 |
| SPMO Invesco S&P 500 Momentum ETF | New | 0.79% | +0.79 |
| CLSE Convergence Long/Short Eqy | New | 0.49% | +0.49 |
| LITE Lumentum Holdings Inc. | New | 0.43% | +0.43 |
| IBTH iShares Ibonds Dec 2027 Term | Add +3.9% | 5.95% | +0.36 |
| JBBB Janus Henderson B-BBB Clo Et | Add +110.8% | 0.62% | +0.33 |
| MU Micron Technology Inc. | New | 0.20% | +0.20 |
| INTC Intel Corp. | New | 0.18% | +0.18 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 0.27% | +0.16 |
| VIAV Viavi Solutions Inc. | New | 0.15% | +0.15 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.13% | +0.13 |
| GEV GE Vernova Inc. | New | 0.12% | +0.12 |
| JNJ Johnson & Johnson | New | 0.09% | +0.09 |
| C Citigroup Inc. | New | 0.09% | +0.09 |
| IWB iShares Russell 1000 ETF | Add +0.8% | 0.45% | +0.08 |
| CVX Chevron Corp. | New | 0.08% | +0.08 |
| RKLB Rocket Lab Corp. | New | 0.07% | +0.07 |
| TJX TJX Companies Inc. | New | 0.07% | +0.07 |
| AMD Advanced Micro Devices | New | 0.07% | +0.07 |
| LLY Eli Lilly & Co. | New | 0.07% | +0.07 |
| WMT Walmart Inc. | Add +22.1% | 0.16% | +0.06 |
| GE General Electric | Add +24.1% | 0.16% | +0.05 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.17% | +0.05 |
| IWM iShares Russell 2000 ETF | Add +4.2% | 0.17% | +0.05 |
| BA The Boeing Co. | Add +10.7% | 0.17% | +0.04 |
| JPM JPMorgan Chase & Co. | Add +9.8% | 0.20% | +0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +467.5% | 0.21% | +0.03 |
| AMGN Amgen Inc. | Add +1.3% | 0.12% | +0.02 |
| GILD Gilead Sciences Inc. | Add +5.0% | 0.09% | +0.02 |
| WFC Wells Fargo & Co. | Add +11.2% | 0.10% | +0.01 |
| META Meta Platforms Inc. Class A | Add +2.7% | 0.12% | −0.02 |
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 |