Denver Wealth Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 22, 2025), Denver Wealth Management, Inc. reported 87 stock positions worth $219.3 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 22.3% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 14.1%) and Invesco S&P 500 Revenue ETF (RWL, 6.4%). Compared with Q4 2024, it opened 8 new positions, sold out of 3, added to 30 and reduced 39. The biggest buy was Janus Henderson Aaa Clo ETF (JAAA, shares +43%) and the biggest sale iShares Russell 1000 Growth (IWF, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001909800
- Portfolio Value
- $219.3M (Q1 2025)
- SEC Filing
- 0001951757-25-000390 ↗ filed Apr 22, 2025
Holdings Value
Holdings 87 stocks · $219.3M
| SPYM Ste STR SPDR PT S&P 500 ETF | 22.32% | 744,213 | $48.9M | Add +0.8% |
| QQQM Invesco Nasdaq 100 ETF | 14.12% | 160,441 | $31.0M | Add +3.9% |
| RWL Invesco S&P 500 Revenue ETF | 6.44% | 142,149 | $14.1M | Reduce -2.8% |
| JAAA Janus Henderson Aaa Clo ETF | 5.31% | 229,694 | $11.6M | Add +42.8% |
| IWF iShares Russell 1000 Growth | 5.29% | 32,097 | $11.6M | Reduce -0.9% |
| TBIL F/M US Treasury 3 Month Bill | 3.58% | 156,952 | $7.8M | Add +3.2% |
| AAPL Apple Inc. | 3.32% | 32,762 | $7.3M | Reduce -0.8% |
| RDVY First Trust Rising Dividend | 3.30% | 123,630 | $7.2M | Reduce -0.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 3.23% | 138,540 | $7.1M | Add +6.3% |
| XLV SS Health Care Select Sector | 2.59% | 38,886 | $5.7M | Add +10.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.57% | 70,090 | $5.6M | Reduce -1.1% |
| XBIL F/M US Treasury 6 Month Bill | 1.87% | 81,595 | $4.1M | Reduce -23.2% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.75% | 48,563 | $3.8M | Reduce -9.2% |
| SDY SS SPDR S&P Dividend ETF | 1.62% | 26,165 | $3.6M | Reduce -17.9% |
| QQQ Invesco QQQ Trust Series 1 | 1.26% | 5,910 | $2.8M | Add +3.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.24% | 4,844 | $2.7M | Add +18.1% |
| IMCG iShares Morningstar Mid-Cap | 1.11% | 34,016 | $2.4M | New |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.85% | 22,559 | $1.9M | Reduce -1.7% |
| HD Home Depot Inc. | 0.71% | 4,244 | $1.6M | Add +0.1% |
| NVDA Nvidia Corp. | 0.70% | 14,207 | $1.5M | Add +431.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.66% | 2,732 | $1.5M | No change |
| FVD First Trust Value Line DVD | 0.64% | 31,569 | $1.4M | Reduce -2.4% |
| XBI SS SPDR S&P Biotech ETF | 0.63% | 17,096 | $1.4M | Add +17.0% |
| DGRW Wisdomtree U.S. Quality Divi | 0.61% | 16,848 | $1.3M | Reduce -1.6% |
| BSMP Invesco Bulletshares 2025 MB | 0.57% | 51,028 | $1.2M | Reduce -4.7% |
| BSCP Invesco Bulletshares 2025 CB | 0.47% | 50,074 | $1.0M | Reduce -47.1% |
| RSPU Invesco S&P 500 Equal Weight | 0.45% | 14,238 | $992K | Add +0.2% |
| DON Wisdomtree US Midcap Dividen | 0.44% | 19,570 | $969K | Reduce -1.8% |
| IHDG Wisdomtree International Hed | 0.44% | 22,087 | $959K | Reduce -0.3% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.43% | 12,048 | $945K | Reduce -5.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.39% | 34,285 | $863K | Add +0.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.38% | 20,328 | $829K | Reduce -7.8% |
| RECS Columbia Resear Enh Cor ETF | 0.38% | 24,926 | $828K | New |
| O Realty Income Corp. | 0.38% | 14,238 | $826K | Add +1.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.36% | 15,454 | $791K | Reduce -0.2% |
| XLG Invesco S&P 500 Top 50 ETF | 0.36% | 17,055 | $785K | New |
| OBIL F/M US Treasury 12 Month Bil | 0.35% | 15,129 | $760K | Reduce -12.5% |
| USFR Wisdomtree Floating Rate Tre | 0.32% | 13,830 | $696K | Add +28.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.30% | 1,555 | $653K | Reduce -5.0% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.29% | 7,061 | $646K | Add +97.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.29% | 8,131 | $646K | Reduce -61.6% |
| XLE SS Energy Select Sector | 0.29% | 6,791 | $635K | Reduce -2.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 1,635 | $606K | Add +0.1% |
| BSCQ Invesco Bulletshares 2026 CB | 0.27% | 30,596 | $596K | Reduce -63.5% |
| SIVR Abrdn Physical Silver Shares | 0.27% | 18,315 | $595K | No change |
| XOM Exxon Mobil Corp. | 0.27% | 4,887 | $581K | Add +0.6% |
| NOBL Proshares S&P 500 Dividend A | 0.25% | 5,443 | $556K | Reduce -2.8% |
| SPHQ Invesco S&P 500 Quality ETF | 0.25% | 8,344 | $554K | Add +17.2% |
| MSFT Microsoft Corp. | 0.25% | 1,448 | $544K | Add +0.1% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.25% | 23,181 | $539K | Reduce -0.7% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.24% | 9,722 | $520K | Reduce -14.7% |
| BAR Graniteshares Gold Trust | 0.23% | 16,001 | $493K | No change |
| GLDM SPDR Gold Minishares Trust | 0.22% | 7,793 | $482K | No change |
| AMZN Amazon.com Inc. | 0.22% | 2,534 | $482K | Add +0.5% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 2,482 | $481K | Add +0.4% |
| JPM JPMorgan Chase & Co. | 0.21% | 1,858 | $456K | Add +0.3% |
| MDY State Street SPDR S&P Midcap | 0.21% | 852 | $455K | Reduce -0.2% |
| WFC Wells Fargo & Co. | 0.19% | 5,722 | $411K | Add +3.1% |
| BSCR Invesco Bulletshares 2027 CB | 0.19% | 20,909 | $410K | Reduce -72.8% |
| COST Costco Wholesale Corp. | 0.17% | 401 | $379K | No change |
| ITOT iShares Core S&P Total U.S. | 0.17% | 2,973 | $363K | Reduce -8.3% |
| CVX Chevron Corp. | 0.16% | 2,126 | $356K | Add +0.7% |
| DIVO Amplify CWP Enhan Divid ETF | 0.15% | 8,302 | $338K | Add +0.6% |
| ETG Eaton Vance T/A GL DVD Incm | 0.15% | 18,513 | $337K | Reduce -7.0% |
| MA Mastercard Inc. Class A | 0.15% | 604 | $331K | Reduce -1.8% |
| BSMQ Invesco Bulletshares 2026 MB | 0.15% | 13,759 | $325K | Reduce -0.8% |
| SLV iShares Silver Trust | 0.15% | 10,428 | $323K | No change |
| IVV iShares Core S&P 500 ETF | 0.15% | 568 | $319K | New |
| JPEF JPMorgan Equity Focus ETF | 0.14% | 4,883 | $311K | No change |
| PFE Pfizer Inc. | 0.14% | 11,911 | $302K | Reduce -1.7% |
| PSX Phillips 66 | 0.13% | 2,351 | $290K | Reduce -1.4% |
| INVESTMENT MANAGERS SER TR I | 0.13% | 7,744 | $285K | Reduce -18.4% |
| DVY iShares Select Dividend ETF | 0.13% | 2,086 | $280K | Add +4.3% |
| TSLA Tesla Inc. | 0.13% | 1,060 | $275K | Add +14.1% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 2,616 | $274K | Reduce -0.1% |
| MELI MercadoLibre Inc. | 0.12% | 137 | $267K | No change |
| BSMR Invesco Bulletshares 2027 MB | 0.12% | 11,119 | $262K | Reduce -0.9% |
| XLF SS Financial Select Sector | 0.11% | 4,847 | $241K | New |
| IJH iShares Core S&P Midcap ETF | 0.11% | 4,132 | $241K | Add +0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 905 | $225K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 853 | $220K | Add +0.5% |
| COP Conocophillips | 0.10% | 2,027 | $213K | New |
| PFF iShares Preferred & Income S | 0.10% | 6,821 | $210K | Reduce -2.3% |
| WM Waste Management Inc. | 0.10% | 900 | $208K | New |
| FSCO FS Credit Opportunities Corp. | 0.08% | 25,164 | $177K | Reduce -29.3% |
| CRDF Cardiff Oncology Inc. | 0.02% | 15,235 | $48K | No change |
| ORIGIN MATERIALS INC | 0.02% | 65,783 | $44K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| IWF iShares Russell 1000 Growth | Reduce -0.9% | 5.29% | −0.57 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -61.6% | 0.29% | −0.53 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -23.2% | 1.87% | −0.53 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -72.8% | 0.19% | −0.49 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -63.5% | 0.27% | −0.46 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -47.1% | 0.47% | −0.41 |
| AAPL Apple Inc. | Reduce -0.8% | 3.32% | −0.40 |
| SDY SS SPDR S&P Dividend ETF | Reduce -17.9% | 1.62% | −0.28 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -1.1% | 2.57% | −0.23 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.20 |
| NULV Nuveen ESG Large-Cap Val ETF | Sold out | 0.00% | −0.11 |
| OMFL Invesco Russell 1000 DYN M/F | Sold out | 0.00% | −0.10 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -1.7% | 0.85% | −0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -9.2% | 1.75% | −0.08 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -5.6% | 0.43% | −0.07 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -7.8% | 0.38% | −0.07 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -14.7% | 0.24% | −0.05 |
| OBIL F/M US Treasury 12 Month Bil | Reduce -12.5% | 0.35% | −0.04 |
| INVESTMENT MANAGERS SER TR I | Reduce -18.4% | 0.13% | −0.03 |
| FSCO FS Credit Opportunities Corp. | Reduce -29.3% | 0.08% | −0.03 |
| ITOT iShares Core S&P Total U.S. | Reduce -8.3% | 0.17% | −0.02 |
| BSMP Invesco Bulletshares 2025 MB | Reduce -4.7% | 0.57% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.2% | 0.36% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -5.0% | 0.30% | −0.02 |
| DON Wisdomtree US Midcap Dividen | Reduce -1.8% | 0.44% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -0.2% | 0.21% | −0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 0.12% | −0.01 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -1.6% | 0.61% | −0.01 |
| RWL Invesco S&P 500 Revenue ETF | Reduce -2.8% | 6.44% | −0.01 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -7.0% | 0.15% | −0.01 |
| PFE Pfizer Inc. | Reduce -1.7% | 0.14% | −0.01 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -0.7% | 0.25% | −0.01 |
| RDVY First Trust Rising Dividend | Reduce -0.4% | 3.30% | −0.01 |
| PFF iShares Preferred & Income S | Reduce -2.3% | 0.10% | −0.00 |
| BSMR Invesco Bulletshares 2027 MB | Reduce -0.9% | 0.12% | +0.00 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -0.8% | 0.15% | +0.00 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.8% | 0.25% | +0.00 |
| IHDG Wisdomtree International Hed | Reduce -0.3% | 0.44% | +0.00 |
| MA Mastercard Inc. Class A | Reduce -1.8% | 0.15% | +0.01 |
| FVD First Trust Value Line DVD | Reduce -2.4% | 0.64% | +0.01 |
| PSX Phillips 66 | Reduce -1.4% | 0.13% | +0.01 |
| XLE SS Energy Select Sector | Reduce -2.4% | 0.29% | +0.02 |
Portfolio Buys Q4 2024 → Q1 2025
| JAAA Janus Henderson Aaa Clo ETF | Add +42.8% | 5.31% | +1.64 |
| IMCG iShares Morningstar Mid-Cap | New | 1.11% | +1.11 |
| NVDA Nvidia Corp. | Add +431.3% | 0.70% | +0.54 |
| XLV SS Health Care Select Sector | Add +10.6% | 2.59% | +0.41 |
| RECS Columbia Resear Enh Cor ETF | New | 0.38% | +0.38 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.36% | +0.36 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +6.3% | 3.23% | +0.23 |
| TBIL F/M US Treasury 3 Month Bill | Add +3.2% | 3.58% | +0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +18.1% | 1.24% | +0.15 |
| IVV iShares Core S&P 500 ETF | New | 0.15% | +0.15 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +97.6% | 0.29% | +0.14 |
| XLF SS Financial Select Sector | New | 0.11% | +0.11 |
| IBM Intl Business Machines Corp. | New | 0.10% | +0.10 |
| COP Conocophillips | New | 0.10% | +0.10 |
| WM Waste Management Inc. | New | 0.10% | +0.10 |
| USFR Wisdomtree Floating Rate Tre | Add +28.7% | 0.32% | +0.07 |
| XBI SS SPDR S&P Biotech ETF | Add +17.0% | 0.63% | +0.04 |
| O Realty Income Corp. | Add +1.1% | 0.38% | +0.04 |
| SPHQ Invesco S&P 500 Quality ETF | Add +17.2% | 0.25% | +0.04 |
| RSPU Invesco S&P 500 Equal Weight | Add +0.2% | 0.45% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.27% | +0.03 |
| CVX Chevron Corp. | Add +0.7% | 0.16% | +0.02 |
| WFC Wells Fargo & Co. | Add +3.1% | 0.19% | +0.01 |
| DVY iShares Select Dividend ETF | Add +4.3% | 0.13% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.21% | +0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +0.6% | 0.39% | +0.01 |
| DIVO Amplify CWP Enhan Divid ETF | Add +0.6% | 0.15% | +0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.22% | +0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +0.5% | 0.10% | −0.00 |
| IJH iShares Core S&P Midcap ETF | Add +0.2% | 0.11% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.28% | −0.03 |
| MSFT Microsoft Corp. | Add +0.1% | 0.25% | −0.03 |
| AMZN Amazon.com Inc. | Add +0.5% | 0.22% | −0.03 |
| HD Home Depot Inc. | Add +0.1% | 0.71% | −0.03 |
| TSLA Tesla Inc. | Add +14.1% | 0.13% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +3.0% | 1.26% | −0.06 |
| QQQM Invesco Nasdaq 100 ETF | Add +3.9% | 14.12% | −0.51 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +0.8% | 22.32% | −0.61 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 109 | $349.3M | SPYM, QQQM, RWL, IDEQ, IWF |
| Q1 2026 | 100 | $290.7M | SPYM, QQQM, RWL, IWF, IDEQ |
| Q4 2025 | 92 | $282.2M | SPYM, QQQM, RWL, IWF, JAAA |
| Q3 2025 | 91 | $271.4M | SPYM, QQQM, RWL, IWF, JAAA |
| Q2 2025 | 87 | $241.7M | SPYM, QQQM, RWL, IWF, JAAA |
| Q1 2025 | 87 | $219.3M | SPYM, QQQM, RWL, JAAA, IWF |
| Q4 2024 | 82 | $222.1M | SPYM, QQQM, RWL, IWF, AAPL |
| Q3 2024 | 87 | $216.0M | SPYM, QQQM, RWL, IWF, AAPL |
| Q2 2024 | 83 | $199.6M | SPYM, QQQM, RWL, IWF, AAPL |
| Q1 2024 | 80 | $195.9M | SPYM, QQQM, RWL, IWF, RDVY |