Denver Wealth Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Denver Wealth Management, Inc. reported 87 stock positions worth $241.7 million. Its top holding was Ste STR SPDR PT S&P 500 ETF (SPYM) at 23.2% of the portfolio, followed by Invesco Nasdaq 100 ETF (QQQM, 17.0%) and Invesco S&P 500 Revenue ETF (RWL, 6.5%). Compared with Q1 2025, it opened 6 new positions, sold out of 6, added to 36 and reduced 39. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +13%) and the biggest sale SS Health Care Select Sector (XLV, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001909800
- Portfolio Value
- $241.7M (Q2 2025)
- SEC Filing
- 0001951757-25-001073 ↗ filed Aug 13, 2025
Holdings Value
Holdings 87 stocks · $241.7M
| SPYM Ste STR SPDR PT S&P 500 ETF | 23.17% | 770,715 | $56.0M | Add +3.6% |
| QQQM Invesco Nasdaq 100 ETF | 16.96% | 180,563 | $41.0M | Add +12.5% |
| RWL Invesco S&P 500 Revenue ETF | 6.49% | 150,378 | $15.7M | Add +5.8% |
| IWF iShares Russell 1000 Growth | 5.80% | 33,022 | $14.0M | Add +2.9% |
| JAAA Janus Henderson Aaa Clo ETF | 4.27% | 203,400 | $10.3M | Reduce -11.4% |
| RDVY First Trust Rising Dividend | 3.81% | 146,810 | $9.2M | Add +18.8% |
| TBIL F/M US Treasury 3 Month Bill | 3.35% | 162,135 | $8.1M | Add +3.3% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.93% | 135,407 | $7.1M | Reduce -2.3% |
| AAPL Apple Inc. | 2.76% | 32,563 | $6.7M | Reduce -0.6% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.74% | 69,483 | $6.6M | Reduce -0.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.68% | 49,790 | $4.1M | Add +2.5% |
| XBIL F/M US Treasury 6 Month Bill | 1.47% | 70,827 | $3.6M | Reduce -13.2% |
| SDY SS SPDR S&P Dividend ETF | 1.42% | 25,239 | $3.4M | Reduce -3.5% |
| IMCG iShares Morningstar Mid-Cap | 1.41% | 42,350 | $3.4M | Add +24.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.40% | 5,463 | $3.4M | Add +12.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.28% | 5,627 | $3.1M | Reduce -4.8% |
| SPHQ Invesco S&P 500 Quality ETF | 0.82% | 27,952 | $2.0M | Add +235.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.78% | 21,288 | $1.9M | Reduce -5.6% |
| PAAA Pgim Aaa Clo ETF | 0.71% | 33,499 | $1.7M | New |
| USFR Wisdomtree Floating Rate Tre | 0.68% | 32,822 | $1.7M | Add +137.3% |
| HD Home Depot Inc. | 0.64% | 4,249 | $1.6M | Add +0.1% |
| NVDA Nvidia Corp. | 0.61% | 9,372 | $1.5M | Reduce -34.0% |
| DGRW Wisdomtree U.S. Quality Divi | 0.59% | 16,905 | $1.4M | Add +0.3% |
| FVD First Trust Value Line DVD | 0.58% | 31,397 | $1.4M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.55% | 2,750 | $1.3M | Add +0.7% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.47% | 11,557 | $1.1M | Add +63.7% |
| RECS Columbia Resear Enh Cor ETF | 0.47% | 30,795 | $1.1M | Add +23.6% |
| AVUV Avantis US Small Cap Value | 0.41% | 10,945 | $997K | New |
| RSPU Invesco S&P 500 Equal Weight | 0.40% | 13,737 | $977K | Reduce -3.5% |
| DON Wisdomtree US Midcap Dividen | 0.40% | 19,443 | $974K | Reduce -0.7% |
| IHDG Wisdomtree International Hed | 0.39% | 20,882 | $941K | Reduce -5.5% |
| BSMP Invesco Bulletshares 2025 MB | 0.39% | 37,939 | $931K | Reduce -25.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.36% | 33,859 | $863K | Reduce -1.2% |
| O Realty Income Corp. | 0.35% | 14,521 | $837K | Add +2.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.35% | 15,361 | $835K | Reduce -0.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.33% | 18,724 | $798K | Reduce -7.9% |
| OBIL F/M US Treasury 12 Month Bil | 0.31% | 15,153 | $761K | Add +0.2% |
| BSCP Invesco Bulletshares 2025 CB | 0.31% | 36,041 | $745K | Reduce -28.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 1,673 | $733K | Add +2.3% |
| MSFT Microsoft Corp. | 0.29% | 1,426 | $709K | Reduce -1.5% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.28% | 1,516 | $668K | Reduce -2.5% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.27% | 7,412 | $644K | Reduce -8.8% |
| SIVR Abrdn Physical Silver Shares | 0.26% | 18,021 | $620K | Reduce -1.6% |
| XLE SS Energy Select Sector | 0.25% | 7,262 | $616K | Add +6.9% |
| AMZN Amazon.com Inc. | 0.23% | 2,568 | $563K | Add +1.3% |
| BSCQ Invesco Bulletshares 2026 CB | 0.23% | 28,170 | $550K | Reduce -7.9% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.23% | 22,689 | $547K | Reduce -2.1% |
| NOBL Proshares S&P 500 Dividend A | 0.22% | 5,351 | $539K | Reduce -1.7% |
| IVV iShares Core S&P 500 ETF | 0.22% | 867 | $538K | Add +52.6% |
| JPM JPMorgan Chase & Co. | 0.22% | 1,845 | $535K | Reduce -0.7% |
| BAR Graniteshares Gold Trust | 0.22% | 16,307 | $532K | Add +1.9% |
| XOM Exxon Mobil Corp. | 0.22% | 4,917 | $530K | Add +0.6% |
| GLDM SPDR Gold Minishares Trust | 0.21% | 7,793 | $511K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.21% | 2,482 | $508K | No change |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.20% | 6,049 | $482K | Reduce -49.8% |
| MDY State Street SPDR S&P Midcap | 0.20% | 851 | $482K | Reduce -0.1% |
| XLV SS Health Care Select Sector | 0.20% | 3,541 | $477K | Reduce -90.9% |
| WFC Wells Fargo & Co. | 0.19% | 5,730 | $459K | Add +0.1% |
| TSLA Tesla Inc. | 0.17% | 1,291 | $410K | Add +21.8% |
| ITOT iShares Core S&P Total U.S. | 0.17% | 2,982 | $403K | Add +0.3% |
| COST Costco Wholesale Corp. | 0.17% | 406 | $402K | Add +1.3% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.16% | 6,646 | $389K | Reduce -31.6% |
| ETG Eaton Vance T/A GL DVD Incm | 0.16% | 18,497 | $387K | Reduce -0.1% |
| DIVO Amplify CWP Enhan Divid ETF | 0.15% | 8,355 | $356K | Add +0.6% |
| MELI MercadoLibre Inc. | 0.14% | 134 | $350K | Reduce -2.2% |
| JPEF JPMorgan Equity Focus ETF | 0.14% | 4,883 | $342K | No change |
| SLV iShares Silver Trust | 0.14% | 10,428 | $342K | No change |
| MA Mastercard Inc. Class A | 0.13% | 570 | $320K | Reduce -5.6% |
| CHGX Stance Sustainable Beta ETF | 0.13% | 12,011 | $313K | New |
| BSMQ Invesco Bulletshares 2026 MB | 0.13% | 13,181 | $311K | Reduce -4.2% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 2,689 | $294K | Add +2.8% |
| CVX Chevron Corp. | 0.12% | 2,045 | $293K | Reduce -3.8% |
| XLF SS Financial Select Sector | 0.12% | 5,575 | $292K | Add +15.0% |
| PFE Pfizer Inc. | 0.12% | 11,798 | $286K | Reduce -0.9% |
| PSX Phillips 66 | 0.12% | 2,370 | $283K | Add +0.8% |
| DVY iShares Select Dividend ETF | 0.11% | 2,045 | $272K | Reduce -2.0% |
| IJH iShares Core S&P Midcap ETF | 0.11% | 4,317 | $268K | Add +4.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.11% | 908 | $268K | Add +0.3% |
| BSCR Invesco Bulletshares 2027 CB | 0.11% | 12,967 | $255K | Reduce -38.0% |
| XAR SS SPDR S&P Aerospace Def | 0.10% | 1,181 | $249K | New |
| BSMR Invesco Bulletshares 2027 MB | 0.10% | 10,465 | $246K | Reduce -5.9% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.10% | 853 | $239K | No change |
| NULV Nuveen ESG Large-Cap Val ETF | 0.09% | 5,360 | $225K | New |
| AHR American Healthcare REIT Inc. | 0.09% | 5,815 | $214K | New |
| WM Waste Management Inc. | 0.09% | 901 | $206K | Add +0.1% |
| FSCO FS Credit Opportunities Corp. | 0.08% | 25,201 | $183K | Add +0.1% |
| CRDF Cardiff Oncology Inc. | 0.02% | 15,235 | $48K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| XLV SS Health Care Select Sector | Reduce -90.9% | 0.20% | −2.39 |
| JAAA Janus Henderson Aaa Clo ETF | Reduce -11.4% | 4.27% | −1.04 |
| XBI SS SPDR S&P Biotech ETF | Sold out | 0.00% | −0.63 |
| AAPL Apple Inc. | Reduce -0.6% | 2.76% | −0.56 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -13.2% | 1.47% | −0.40 |
| XLG Invesco S&P 500 Top 50 ETF | Sold out | 0.00% | −0.36 |
| SPYV SS SPDR P S&P 500 Value ETF | Reduce -2.3% | 2.93% | −0.29 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -49.8% | 0.20% | −0.23 |
| SDY SS SPDR S&P Dividend ETF | Reduce -3.5% | 1.42% | −0.20 |
| BSMP Invesco Bulletshares 2025 MB | Reduce -25.6% | 0.39% | −0.18 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -28.0% | 0.31% | −0.16 |
| INVESTMENT MANAGERS SER TR I | Sold out | 0.00% | −0.13 |
| COP Conocophillips | Sold out | 0.00% | −0.10 |
| PFF iShares Preferred & Income S | Sold out | 0.00% | −0.10 |
| NVDA Nvidia Corp. | Reduce -34.0% | 0.61% | −0.09 |
| BSCR Invesco Bulletshares 2027 CB | Reduce -38.0% | 0.11% | −0.08 |
| EFIV SS SPDR S&P 500 ESG ETF | Reduce -31.6% | 0.16% | −0.08 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -5.6% | 0.78% | −0.07 |
| FVD First Trust Value Line DVD | Reduce -0.5% | 0.58% | −0.06 |
| RSPU Invesco S&P 500 Equal Weight | Reduce -3.5% | 0.40% | −0.05 |
| IHDG Wisdomtree International Hed | Reduce -5.5% | 0.39% | −0.05 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -7.9% | 0.33% | −0.05 |
| BSCQ Invesco Bulletshares 2026 CB | Reduce -7.9% | 0.23% | −0.04 |
| CVX Chevron Corp. | Reduce -3.8% | 0.12% | −0.04 |
| DON Wisdomtree US Midcap Dividen | Reduce -0.7% | 0.40% | −0.04 |
| SJNK SS SPDR BB St Hi Yield ETF | Reduce -1.2% | 0.36% | −0.04 |
| NOBL Proshares S&P 500 Dividend A | Reduce -1.7% | 0.22% | −0.03 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -8.8% | 0.27% | −0.03 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -2.5% | 0.28% | −0.02 |
| ORIGIN MATERIALS INC | Sold out | 0.00% | −0.02 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -2.1% | 0.23% | −0.02 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -4.2% | 0.13% | −0.02 |
| PFE Pfizer Inc. | Reduce -0.9% | 0.12% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -5.6% | 0.13% | −0.02 |
| BSMR Invesco Bulletshares 2027 MB | Reduce -5.9% | 0.10% | −0.02 |
| DVY iShares Select Dividend ETF | Reduce -2.0% | 0.11% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.6% | 0.35% | −0.02 |
| SIVR Abrdn Physical Silver Shares | Reduce -1.6% | 0.26% | −0.01 |
| MDY State Street SPDR S&P Midcap | Reduce -0.1% | 0.20% | −0.01 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -0.1% | 0.16% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 0.22% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -4.8% | 1.28% | +0.02 |
| MELI MercadoLibre Inc. | Reduce -2.2% | 0.14% | +0.02 |
| MSFT Microsoft Corp. | Reduce -1.5% | 0.29% | +0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.9% | 2.74% | +0.17 |
Portfolio Buys Q1 2025 → Q2 2025
| QQQM Invesco Nasdaq 100 ETF | Add +12.5% | 16.96% | +2.84 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +3.6% | 23.17% | +0.86 |
| PAAA Pgim Aaa Clo ETF | New | 0.71% | +0.71 |
| SPHQ Invesco S&P 500 Quality ETF | Add +235.0% | 0.82% | +0.57 |
| IWF iShares Russell 1000 Growth | Add +2.9% | 5.80% | +0.51 |
| RDVY First Trust Rising Dividend | Add +18.8% | 3.81% | +0.51 |
| AVUV Avantis US Small Cap Value | New | 0.41% | +0.41 |
| USFR Wisdomtree Floating Rate Tre | Add +137.3% | 0.68% | +0.37 |
| IMCG iShares Morningstar Mid-Cap | Add +24.5% | 1.41% | +0.30 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +63.7% | 0.47% | +0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.8% | 1.40% | +0.16 |
| CHGX Stance Sustainable Beta ETF | New | 0.13% | +0.13 |
| XAR SS SPDR S&P Aerospace Def | New | 0.10% | +0.10 |
| NULV Nuveen ESG Large-Cap Val ETF | New | 0.09% | +0.09 |
| RECS Columbia Resear Enh Cor ETF | Add +23.6% | 0.47% | +0.09 |
| AHR American Healthcare REIT Inc. | New | 0.09% | +0.09 |
| IVV iShares Core S&P 500 ETF | Add +52.6% | 0.22% | +0.08 |
| RWL Invesco S&P 500 Revenue ETF | Add +5.8% | 6.49% | +0.05 |
| TSLA Tesla Inc. | Add +21.8% | 0.17% | +0.04 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +2.3% | 0.30% | +0.03 |
| AMZN Amazon.com Inc. | Add +1.3% | 0.23% | +0.01 |
| XLF SS Financial Select Sector | Add +15.0% | 0.12% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.11% | +0.01 |
| WFC Wells Fargo & Co. | Add +0.1% | 0.19% | +0.00 |
| ITOT iShares Core S&P Total U.S. | Add +0.3% | 0.17% | +0.00 |
| IJH iShares Core S&P Midcap ETF | Add +4.5% | 0.11% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +2.8% | 0.12% | −0.00 |
| BAR Graniteshares Gold Trust | Add +1.9% | 0.22% | −0.00 |
| FSCO FS Credit Opportunities Corp. | Add +0.1% | 0.08% | −0.01 |
| COST Costco Wholesale Corp. | Add +1.3% | 0.17% | −0.01 |
| DIVO Amplify CWP Enhan Divid ETF | Add +0.6% | 0.15% | −0.01 |
| WM Waste Management Inc. | Add +0.1% | 0.09% | −0.01 |
| PSX Phillips 66 | Add +0.8% | 0.12% | −0.02 |
| DGRW Wisdomtree U.S. Quality Divi | Add +0.3% | 0.59% | −0.03 |
| O Realty Income Corp. | Add +2.0% | 0.35% | −0.03 |
| OBIL F/M US Treasury 12 Month Bil | Add +0.2% | 0.31% | −0.03 |
| XLE SS Energy Select Sector | Add +6.9% | 0.25% | −0.03 |
| XOM Exxon Mobil Corp. | Add +0.6% | 0.22% | −0.05 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +2.5% | 1.68% | −0.06 |
| HD Home Depot Inc. | Add +0.1% | 0.64% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +0.7% | 0.55% | −0.11 |
| TBIL F/M US Treasury 3 Month Bill | Add +3.3% | 3.35% | −0.23 |
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 |