Denver Wealth Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Denver Wealth Management, Inc. reported 91 stock positions worth $271.4 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, 19.1%) and Invesco S&P 500 Revenue ETF (RWL, 6.3%). Compared with Q2 2025, it opened 7 new positions, sold out of 3, added to 35 and reduced 47. The biggest buy was Invesco Nasdaq 100 ETF (QQQM, shares +16%) and the biggest sale F/M US Treasury 3 Month Bill (TBIL, shares −54%).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001909800
- Portfolio Value
- $271.4M (Q3 2025)
- SEC Filing
- 0001951757-25-001385 ↗ filed Nov 12, 2025
Holdings Value
Holdings 91 stocks · $271.4M
| SPYM Ste STR SPDR PT S&P 500 ETF | 22.34% | 774,166 | $60.6M | Add +0.5% |
| QQQM Invesco Nasdaq 100 ETF | 19.11% | 209,886 | $51.9M | Add +16.2% |
| RWL Invesco S&P 500 Revenue ETF | 6.29% | 154,177 | $17.1M | Add +2.5% |
| IWF iShares Russell 1000 Growth | 5.52% | 31,973 | $15.0M | Reduce -3.2% |
| JAAA Janus Henderson Aaa Clo ETF | 3.91% | 209,220 | $10.6M | Add +2.9% |
| RDVY First Trust Rising Dividend | 3.67% | 147,923 | $9.9M | Add +0.8% |
| AAPL Apple Inc. | 2.94% | 31,329 | $8.0M | Reduce -3.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.90% | 142,170 | $7.9M | Add +5.0% |
| SPYG SS SPDR P S&P 500 Growth ETF | 2.55% | 66,275 | $6.9M | Reduce -4.6% |
| XMHQ Invesco S&P Midcap Qual ETF | 2.19% | 56,735 | $6.0M | Add +390.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.67% | 51,979 | $4.5M | Add +4.4% |
| IMCG iShares Morningstar Mid-Cap | 1.45% | 47,691 | $3.9M | Add +12.6% |
| TBIL F/M US Treasury 3 Month Bill | 1.36% | 73,972 | $3.7M | Reduce -54.4% |
| CLIP Global X 1-3 Month T-Bill | 1.33% | 35,968 | $3.6M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.31% | 5,350 | $3.6M | Reduce -2.1% |
| XBIL F/M US Treasury 6 Month Bill | 1.22% | 65,913 | $3.3M | Reduce -6.9% |
| SDY SS SPDR S&P Dividend ETF | 1.20% | 23,274 | $3.3M | Reduce -7.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.16% | 5,239 | $3.1M | Reduce -6.9% |
| SPHQ Invesco S&P 500 Quality ETF | 0.76% | 28,297 | $2.1M | Add +1.2% |
| NVDA Nvidia Corp. | 0.75% | 10,869 | $2.0M | Add +16.0% |
| SLYG SS SPDR S&P 600 SC GR ETF | 0.72% | 20,661 | $1.9M | Reduce -3.0% |
| USFR Wisdomtree Floating Rate Tre | 0.65% | 35,347 | $1.8M | Add +7.7% |
| PAAA Pgim Aaa Clo ETF | 0.65% | 34,240 | $1.8M | Add +2.2% |
| HD Home Depot Inc. | 0.61% | 4,112 | $1.7M | Reduce -3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 2,852 | $1.4M | Add +3.7% |
| FVD First Trust Value Line DVD | 0.53% | 30,825 | $1.4M | Reduce -1.8% |
| DGRW Wisdomtree U.S. Quality Divi | 0.52% | 15,961 | $1.4M | Reduce -5.6% |
| RECS Columbia Resear Enh Cor ETF | 0.43% | 28,670 | $1.2M | Reduce -6.9% |
| AVUV Avantis US Small Cap Value | 0.40% | 10,788 | $1.1M | Reduce -1.4% |
| RSPU Invesco S&P 500 Equal Weight | 0.39% | 13,903 | $1.1M | Add +1.2% |
| IHDG Wisdomtree International Hed | 0.35% | 20,666 | $952K | Reduce -1.0% |
| DON Wisdomtree US Midcap Dividen | 0.35% | 17,959 | $939K | Reduce -7.6% |
| SJNK SS SPDR BB St Hi Yield ETF | 0.35% | 36,620 | $937K | Add +8.2% |
| O Realty Income Corp. | 0.33% | 14,682 | $893K | Add +1.1% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.32% | 15,411 | $881K | Add +0.3% |
| TSLA Tesla Inc. | 0.32% | 1,953 | $869K | Add +51.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.30% | 1,674 | $803K | Add +0.1% |
| SIVR Abrdn Physical Silver Shares | 0.29% | 17,954 | $799K | Reduce -0.4% |
| AOM iShares Core 40/60 Moderate | 0.27% | 15,428 | $734K | New |
| SPSM SS SPDR P S&P 600 Small Cap | 0.27% | 15,663 | $726K | Reduce -16.4% |
| FENI Fidelity Enhanced Intl ETF | 0.26% | 20,152 | $711K | New |
| MSFT Microsoft Corp. | 0.26% | 1,351 | $700K | Reduce -5.3% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.26% | 1,507 | $699K | Reduce -0.6% |
| MDYG SS SPDR S&P 400 MC GR ETF | 0.25% | 7,382 | $676K | Reduce -0.4% |
| BSCP Invesco Bulletshares 2025 CB | 0.25% | 32,652 | $676K | Reduce -9.4% |
| BSCQ Invesco Bulletshares 2026 CB | 0.22% | 31,050 | $607K | Add +10.2% |
| BSMP Invesco Bulletshares 2025 MB | 0.22% | 24,503 | $601K | Reduce -35.4% |
| GLDM SPDR Gold Minishares Trust | 0.22% | 7,741 | $592K | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 0.21% | 870 | $582K | Add +0.3% |
| JPM JPMorgan Chase & Co. | 0.21% | 1,839 | $580K | Reduce -0.3% |
| XLE SS Energy Select Sector | 0.21% | 6,457 | $577K | Reduce -11.1% |
| NOBL Proshares S&P 500 Dividend A | 0.20% | 5,394 | $556K | Add +0.8% |
| OBIL F/M US Treasury 12 Month Bil | 0.20% | 10,939 | $550K | Reduce -27.8% |
| BAR Graniteshares Gold Trust | 0.20% | 14,241 | $542K | Reduce -12.7% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.20% | 22,043 | $539K | Reduce -2.9% |
| VIG Vanguard Dividend Apprec ETF | 0.20% | 2,493 | $538K | Add +0.4% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.19% | 5,869 | $520K | Reduce -3.0% |
| ITOT iShares Core S&P Total U.S. | 0.19% | 3,569 | $520K | Add +19.7% |
| AMZN Amazon.com Inc. | 0.19% | 2,291 | $503K | Reduce -10.8% |
| WFC Wells Fargo & Co. | 0.18% | 5,730 | $480K | No change |
| XOM Exxon Mobil Corp. | 0.17% | 4,206 | $474K | Reduce -14.5% |
| XLV SS Health Care Select Sector | 0.16% | 3,142 | $437K | Reduce -11.3% |
| EFIV SS SPDR S&P 500 ESG ETF | 0.16% | 6,667 | $424K | Add +0.3% |
| MUNI PIMCO Intermediate Municipal | 0.15% | 7,600 | $397K | New |
| ETG Eaton Vance T/A GL DVD Incm | 0.14% | 18,259 | $386K | Reduce -1.3% |
| SLV iShares Silver Trust | 0.13% | 8,620 | $365K | Reduce -17.3% |
| JPEF JPMorgan Equity Focus ETF | 0.13% | 4,883 | $362K | No change |
| COST Costco Wholesale Corp. | 0.13% | 376 | $348K | Reduce -7.4% |
| IJR iShares Core S&P Small-Cap E | 0.12% | 2,781 | $331K | Add +3.4% |
| PSX Phillips 66 | 0.12% | 2,386 | $325K | Add +0.7% |
| CHGX Stance Sustainable Beta ETF | 0.12% | 11,820 | $323K | Reduce -1.6% |
| MA Mastercard Inc. Class A | 0.12% | 564 | $321K | Reduce -1.1% |
| DIVO Amplify CWP Enhan Divid ETF | 0.12% | 7,044 | $314K | Reduce -15.7% |
| XAR SS SPDR S&P Aerospace Def | 0.11% | 1,283 | $301K | Add +8.6% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.11% | 1,022 | $300K | Add +19.8% |
| XLF SS Financial Select Sector | 0.11% | 5,418 | $292K | Reduce -2.8% |
| CVX Chevron Corp. | 0.11% | 1,871 | $291K | Reduce -8.5% |
| AOK iShares Core 30/70 Conservat | 0.11% | 7,103 | $285K | New |
| BSCR Invesco Bulletshares 2027 CB | 0.10% | 14,280 | $281K | Add +10.1% |
| DVY iShares Select Dividend ETF | 0.10% | 1,970 | $280K | Reduce -3.7% |
| IJH iShares Core S&P Midcap ETF | 0.10% | 4,254 | $278K | Reduce -1.5% |
| MELI MercadoLibre Inc. | 0.10% | 114 | $266K | Reduce -14.9% |
| BSMQ Invesco Bulletshares 2026 MB | 0.10% | 11,050 | $261K | Reduce -16.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.10% | 921 | $260K | Add +1.4% |
| NULV Nuveen ESG Large-Cap Val ETF | 0.09% | 5,401 | $237K | Add +0.8% |
| AHR American Healthcare REIT Inc. | 0.08% | 5,417 | $228K | Reduce -6.8% |
| PFE Pfizer Inc. | 0.08% | 8,926 | $227K | Reduce -24.3% |
| GOOGL Alphabet Inc. Class A | 0.08% | 903 | $219K | New |
| PLTR Palantir Technologies Inc. Class A | 0.08% | 1,130 | $206K | New |
| WM Waste Management Inc. | 0.07% | 922 | $204K | Add +2.3% |
| FSCO FS Credit Opportunities Corp. | 0.06% | 25,292 | $175K | Add +0.4% |
Portfolio Sells Q2 2025 → Q3 2025
| TBIL F/M US Treasury 3 Month Bill | Reduce -54.4% | 1.36% | −1.99 |
| IWF iShares Russell 1000 Growth | Reduce -3.2% | 5.52% | −0.28 |
| XBIL F/M US Treasury 6 Month Bill | Reduce -6.9% | 1.22% | −0.25 |
| SDY SS SPDR S&P Dividend ETF | Reduce -7.8% | 1.20% | −0.22 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.20 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -4.6% | 2.55% | −0.19 |
| BSMP Invesco Bulletshares 2025 MB | Reduce -35.4% | 0.22% | −0.16 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -6.9% | 1.16% | −0.13 |
| OBIL F/M US Treasury 12 Month Bil | Reduce -27.8% | 0.20% | −0.11 |
| BSMR Invesco Bulletshares 2027 MB | Sold out | 0.00% | −0.10 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -2.1% | 1.31% | −0.08 |
| SLYG SS SPDR S&P 600 SC GR ETF | Reduce -3.0% | 0.72% | −0.06 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -16.4% | 0.27% | −0.06 |
| DGRW Wisdomtree U.S. Quality Divi | Reduce -5.6% | 0.52% | −0.06 |
| BSCP Invesco Bulletshares 2025 CB | Reduce -9.4% | 0.25% | −0.06 |
| DON Wisdomtree US Midcap Dividen | Reduce -7.6% | 0.35% | −0.06 |
| FVD First Trust Value Line DVD | Reduce -1.8% | 0.53% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -10.8% | 0.19% | −0.05 |
| MELI MercadoLibre Inc. | Reduce -14.9% | 0.10% | −0.05 |
| XOM Exxon Mobil Corp. | Reduce -14.5% | 0.17% | −0.04 |
| RECS Columbia Resear Enh Cor ETF | Reduce -6.9% | 0.43% | −0.04 |
| XLE SS Energy Select Sector | Reduce -11.1% | 0.21% | −0.04 |
| COST Costco Wholesale Corp. | Reduce -7.4% | 0.13% | −0.04 |
| IHDG Wisdomtree International Hed | Reduce -1.0% | 0.35% | −0.04 |
| XLV SS Health Care Select Sector | Reduce -11.3% | 0.16% | −0.04 |
| MSFT Microsoft Corp. | Reduce -5.3% | 0.26% | −0.04 |
| PFE Pfizer Inc. | Reduce -24.3% | 0.08% | −0.03 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -16.2% | 0.10% | −0.03 |
| DIVO Amplify CWP Enhan Divid ETF | Reduce -15.7% | 0.12% | −0.03 |
| HD Home Depot Inc. | Reduce -3.2% | 0.61% | −0.03 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -2.9% | 0.20% | −0.03 |
| BAR Graniteshares Gold Trust | Reduce -12.7% | 0.20% | −0.02 |
| CRDF Cardiff Oncology Inc. | Sold out | 0.00% | −0.02 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -0.6% | 0.26% | −0.02 |
| ETG Eaton Vance T/A GL DVD Incm | Reduce -1.3% | 0.14% | −0.02 |
| MDYG SS SPDR S&P 400 MC GR ETF | Reduce -0.4% | 0.25% | −0.02 |
| AVUV Avantis US Small Cap Value | Reduce -1.4% | 0.40% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -1.1% | 0.12% | −0.01 |
| CVX Chevron Corp. | Reduce -8.5% | 0.11% | −0.01 |
| XLF SS Financial Select Sector | Reduce -2.8% | 0.11% | −0.01 |
| CHGX Stance Sustainable Beta ETF | Reduce -1.6% | 0.12% | −0.01 |
| DVY iShares Select Dividend ETF | Reduce -3.7% | 0.10% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.5% | 0.10% | −0.01 |
| SLYV SS SPDR S&P 600 SC Val ETF | Reduce -3.0% | 0.19% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 0.21% | −0.01 |
| SLV iShares Silver Trust | Reduce -17.3% | 0.13% | −0.01 |
| AHR American Healthcare REIT Inc. | Reduce -6.8% | 0.08% | −0.00 |
| GLDM SPDR Gold Minishares Trust | Reduce -0.7% | 0.22% | +0.01 |
| SIVR Abrdn Physical Silver Shares | Reduce -0.4% | 0.29% | +0.04 |
| AAPL Apple Inc. | Reduce -3.8% | 2.94% | +0.18 |
Portfolio Buys Q2 2025 → Q3 2025
| QQQM Invesco Nasdaq 100 ETF | Add +16.2% | 19.11% | +2.15 |
| XMHQ Invesco S&P Midcap Qual ETF | Add +390.9% | 2.19% | +1.72 |
| CLIP Global X 1-3 Month T-Bill | New | 1.33% | +1.33 |
| AOM iShares Core 40/60 Moderate | New | 0.27% | +0.27 |
| FENI Fidelity Enhanced Intl ETF | New | 0.26% | +0.26 |
| TSLA Tesla Inc. | Add +51.3% | 0.32% | +0.15 |
| MUNI PIMCO Intermediate Municipal | New | 0.15% | +0.15 |
| NVDA Nvidia Corp. | Add +16.0% | 0.75% | +0.13 |
| AOK iShares Core 30/70 Conservat | New | 0.11% | +0.11 |
| GOOGL Alphabet Inc. Class A | New | 0.08% | +0.08 |
| PLTR Palantir Technologies Inc. Class A | New | 0.08% | +0.08 |
| IMCG iShares Morningstar Mid-Cap | Add +12.6% | 1.45% | +0.05 |
| ITOT iShares Core S&P Total U.S. | Add +19.7% | 0.19% | +0.03 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +19.8% | 0.11% | +0.01 |
| XAR SS SPDR S&P Aerospace Def | Add +8.6% | 0.11% | +0.01 |
| PSX Phillips 66 | Add +0.7% | 0.12% | +0.00 |
| IJR iShares Core S&P Small-Cap E | Add +3.4% | 0.12% | +0.00 |
| BSCR Invesco Bulletshares 2027 CB | Add +10.1% | 0.10% | −0.00 |
| BSCQ Invesco Bulletshares 2026 CB | Add +10.2% | 0.22% | −0.00 |
| EFIV SS SPDR S&P 500 ESG ETF | Add +0.3% | 0.16% | −0.00 |
| NULV Nuveen ESG Large-Cap Val ETF | Add +0.8% | 0.09% | −0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.30% | −0.01 |
| IVV iShares Core S&P 500 ETF | Add +0.3% | 0.21% | −0.01 |
| WM Waste Management Inc. | Add +2.3% | 0.07% | −0.01 |
| FSCO FS Credit Opportunities Corp. | Add +0.4% | 0.06% | −0.01 |
| RSPU Invesco S&P 500 Equal Weight | Add +1.2% | 0.39% | −0.01 |
| SJNK SS SPDR BB St Hi Yield ETF | Add +8.2% | 0.35% | −0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Add +4.4% | 1.67% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +0.4% | 0.20% | −0.01 |
| IBM Intl Business Machines Corp. | Add +1.4% | 0.10% | −0.01 |
| O Realty Income Corp. | Add +1.1% | 0.33% | −0.02 |
| NOBL Proshares S&P 500 Dividend A | Add +0.8% | 0.20% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +0.3% | 0.32% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +3.7% | 0.53% | −0.02 |
| USFR Wisdomtree Floating Rate Tre | Add +7.7% | 0.65% | −0.03 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +5.0% | 2.90% | −0.03 |
| SPHQ Invesco S&P 500 Quality ETF | Add +1.2% | 0.76% | −0.06 |
| PAAA Pgim Aaa Clo ETF | Add +2.2% | 0.65% | −0.06 |
| RDVY First Trust Rising Dividend | Add +0.8% | 3.67% | −0.14 |
| RWL Invesco S&P 500 Revenue ETF | Add +2.5% | 6.29% | −0.20 |
| JAAA Janus Henderson Aaa Clo ETF | Add +2.9% | 3.91% | −0.36 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +0.5% | 22.34% | −0.83 |
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 |