DKM Wealth Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 11, 2025), DKM Wealth Management, Inc. reported 50 stock positions worth $103.1 million. Its top holding was Thornburg Income Builder Opp (TBLD) at 17.0% of the portfolio, followed by T Rowe PRC Cap Appreciation (TCAF, 12.3%) and Source Capital (XSORX, 11.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 5, added to 15 and reduced 9. The biggest buy was a new position in Oakmark US Large Cap ETF (OAKM) and the biggest sale Cambria Shareholder Yield Et (SYLD, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKTON, CA
- CIK
- 0002055833
- Portfolio Value
- $103.1M (Q1 2025)
- SEC Filing
- 0001085146-25-002066 ↗ filed Apr 11, 2025
Holdings Value
Holdings 50 stocks · $103.1M
| TBLD Thornburg Income Builder Opp | 16.96% | 974,543 | $17.5M | Reduce -0.3% |
| TCAF T Rowe PRC Cap Appreciation | 12.33% | 393,801 | $12.7M | Add +2.9% |
| XSORX Source Capital Inc. | 11.11% | 275,910 | $11.5M | Add +0.6% |
| SYLD Cambria Shareholder Yield Et | 8.45% | 136,562 | $8.7M | Reduce -18.3% |
| ITOT iShares Core S&P Total U.S. | 6.01% | 50,760 | $6.2M | Add +4.0% |
| IVV iShares Core S&P 500 ETF | 5.25% | 9,636 | $5.4M | Add +5.3% |
| GRNY Fundstr Gran SH US LRG Cap | 4.72% | 267,568 | $4.9M | Add +51.0% |
| AAPL Apple Inc. | 4.61% | 21,393 | $4.8M | Add +0.2% |
| VTI VG Morningstar TS MKT ETF-US | 3.86% | 14,466 | $4.0M | Reduce -2.3% |
| QQQ Invesco QQQ Trust Series 1 | 3.63% | 7,983 | $3.7M | Add +8.3% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 2.60% | 212,592 | $2.7M | No change |
| IWM iShares Russell 2000 ETF | 1.58% | 8,173 | $1.6M | Add +0.6% |
| NAC Nuveen Ca QLTY Muni Inc. | 1.55% | 142,401 | $1.6M | No change |
| OAKM Oakmark US Large Cap ETF | 1.51% | 63,644 | $1.6M | New |
| TLT iShares 20+ Year Treasury BD | 1.51% | 17,079 | $1.6M | Reduce -24.1% |
| AMZN Amazon.com Inc. | 0.94% | 5,111 | $972K | Add +0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.93% | 1,711 | $957K | No change |
| VEA Vanguard Ftse Developed ETF | 0.85% | 17,170 | $873K | No change |
| STBF Perf Trust Short Term BD ETF | 0.72% | 29,416 | $744K | New |
| ACWX iShares MSCI Acwi Ex US ETF | 0.72% | 13,410 | $744K | Add +2.5% |
| OEF iShares S&P 100 ETF | 0.72% | 2,727 | $739K | Add +6.7% |
| LMT Lockheed Martin Corp. | 0.70% | 1,626 | $726K | No change |
| JOET Virtus Terranova US Qual Mom | 0.56% | 15,742 | $576K | Add +9.9% |
| WFC Wells Fargo & Co. | 0.53% | 7,592 | $545K | Add +0.4% |
| NVDA Nvidia Corp. | 0.48% | 4,595 | $498K | Add +2.9% |
| IJR iShares Core S&P Small-Cap E | 0.48% | 4,686 | $490K | Reduce -3.2% |
| SCHD Schwab US DVD Equity ETF | 0.47% | 17,503 | $489K | Reduce -0.9% |
| VNQ Vanguard Real Estate ETF | 0.47% | 5,376 | $487K | Reduce -1.8% |
| MSFT Microsoft Corp. | 0.47% | 1,294 | $486K | No change |
| IEF iShares 7-10 Year Treasury B | 0.47% | 5,075 | $484K | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 0.44% | 889 | $457K | No change |
| TSLA Tesla Inc. | 0.40% | 1,608 | $417K | Add +29.2% |
| BIZD Vaneck BDC Income ETF | 0.36% | 22,400 | $375K | No change |
| VWO Vanguard Ftse Emerging Marke | 0.33% | 7,446 | $337K | No change |
| GOOGL Alphabet Inc. Class A | 0.32% | 2,142 | $331K | No change |
| MFIC Midcap Financial Investment | 0.29% | 23,500 | $302K | No change |
| JOF Japan Smaller Capitalization | 0.28% | 34,001 | $285K | No change |
| TIP iShares Tips Bond ETF | 0.26% | 2,412 | $268K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 495 | $264K | Reduce -33.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 3,326 | $252K | No change |
| TOTL SS Doubleline TR Tact ETF | 0.24% | 6,076 | $245K | No change |
| GLD SPDR Gold Shares | 0.23% | 828 | $239K | No change |
| KEYS Keysight Technologies Inc. | 0.21% | 1,448 | $217K | No change |
| COPY Tweedy Browne Insdr+valu ETF | 0.20% | 19,950 | $206K | New |
| RIO Rio Tinto PLC-Spon ADR | 0.20% | 3,404 | $204K | No change |
| RMT Royce Micro-Cap Trust Inc. | 0.19% | 23,002 | $194K | No change |
| NCA Nuveen California Muni Val | 0.15% | 18,000 | $156K | No change |
| WIW Western Asst Infl-LNK Opp | 0.10% | 12,000 | $105K | No change |
| XJQCX Nuveen Credit Strategies Inc. | 0.08% | 15,000 | $81K | No change |
| ABCL Abcellera Biologics Inc. | 0.02% | 10,000 | $22K | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | 15,000 | $0 | New |
Portfolio Sells Q4 2024 → Q1 2025
| SYLD Cambria Shareholder Yield Et | Reduce -18.3% | 8.45% | −2.40 |
| AVUV Avantis US Small Cap Value | Sold out | 0.00% | −1.24 |
| TMSL T.rowe PRC Small-Mid Cap ETF | Sold out | 0.00% | −0.49 |
| TLT iShares 20+ Year Treasury BD | Reduce -24.1% | 1.51% | −0.36 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.3% | 3.86% | −0.21 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.20 |
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −0.19 |
| A Agilent Technologies Inc. | Sold out | 0.00% | −0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -33.1% | 0.26% | −0.06 |
| IJR iShares Core S&P Small-Cap E | Reduce -3.2% | 0.48% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -1.8% | 0.47% | +0.01 |
| IEF iShares 7-10 Year Treasury B | Reduce -3.1% | 0.47% | +0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.9% | 0.47% | +0.02 |
| TBLD Thornburg Income Builder Opp | Reduce -0.3% | 16.96% | +1.87 |
Portfolio Buys Q4 2024 → Q1 2025
| OAKM Oakmark US Large Cap ETF | New | 1.51% | +1.51 |
| GRNY Fundstr Gran SH US LRG Cap | Add +51.0% | 4.72% | +1.36 |
| STBF Perf Trust Short Term BD ETF | New | 0.72% | +0.72 |
| TCAF T Rowe PRC Cap Appreciation | Add +2.9% | 12.33% | +0.26 |
| COPY Tweedy Browne Insdr+valu ETF | New | 0.20% | +0.20 |
| IVV iShares Core S&P 500 ETF | Add +5.3% | 5.25% | +0.14 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +2.5% | 0.72% | +0.07 |
| ITOT iShares Core S&P Total U.S. | Add +4.0% | 6.01% | +0.06 |
| QQQ Invesco QQQ Trust Series 1 | Add +8.3% | 3.63% | +0.06 |
| JOET Virtus Terranova US Qual Mom | Add +9.9% | 0.56% | +0.05 |
| WFC Wells Fargo & Co. | Add +0.4% | 0.53% | +0.02 |
| OEF iShares S&P 100 ETF | Add +6.7% | 0.72% | +0.02 |
| TSLA Tesla Inc. | Add +29.2% | 0.40% | −0.07 |
| NVDA Nvidia Corp. | Add +2.9% | 0.48% | −0.09 |
| AMZN Amazon.com Inc. | Add +0.2% | 0.94% | −0.12 |
| IWM iShares Russell 2000 ETF | Add +0.6% | 1.58% | −0.12 |
| XSORX Source Capital Inc. | Add +0.6% | 11.11% | −0.20 |
| AAPL Apple Inc. | Add +0.2% | 4.61% | −0.46 |
Notes & Other Activity Q4 2024 → Q1 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | New | 15,000 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 74 | $153.0M | TBLD, TCAF, XSORX, GRNY, IVV |
| Q1 2026 | 76 | $138.7M | TBLD, XSORX, TCAF, GRNY, IVV |
| Q4 2025 | 75 | $134.1M | TBLD, TCAF, XSORX, GRNY, IVV |
| Q3 2025 | 65 | $124.6M | TBLD, TCAF, XSORX, GRNY, ITOT |
| Q2 2025 | 57 | $116.0M | TBLD, TCAF, XSORX, SYLD, GRNY |
| Q1 2025Amended | 50 | $103.1M | TBLD, TCAF, XSORX, SYLD, ITOT |
| Q4 2024 | 52 | $105.5M | TBLD, TCAF, XSORX, SYLD, ITOT |