DKM Wealth Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 15, 2025), DKM Wealth Management, Inc. reported 57 stock positions worth $116.0 million. Its top holding was Thornburg Income Builder Opp (TBLD) at 16.2% of the portfolio, followed by T Rowe PRC Cap Appreciation (TCAF, 11.8%) and Source Capital (XSORX, 10.5%). Compared with Q1 2025, it opened 8 new positions, sold out of 1, added to 14 and reduced 17. The biggest buy was iShares 20+ Year Treasury BD (TLT, shares +122%) and the biggest sale Cambria Shareholder Yield Et (SYLD, shares −9%).
- Most Recent 13F
- Q2 2026
- Location
- STOCKTON, CA
- CIK
- 0002055833
- Portfolio Value
- $116.0M (Q2 2025)
- SEC Filing
- 0001085146-25-003872 ↗ filed Jul 15, 2025
Holdings Value
Holdings 57 stocks · $116.0M
| TBLD Thornburg Income Builder Opp | 16.16% | 955,163 | $18.7M | Reduce -2.0% |
| TCAF T Rowe PRC Cap Appreciation | 11.80% | 387,863 | $13.7M | Reduce -1.5% |
| XSORX Source Capital Inc. | 10.52% | 281,443 | $12.2M | Add +2.0% |
| SYLD Cambria Shareholder Yield Et | 7.00% | 124,843 | $8.1M | Reduce -8.6% |
| GRNY Fundstr Gran SH US LRG Cap | 6.02% | 307,876 | $7.0M | Add +15.1% |
| ITOT iShares Core S&P Total U.S. | 5.84% | 50,155 | $6.8M | Reduce -1.2% |
| IVV iShares Core S&P 500 ETF | 5.49% | 10,259 | $6.4M | Add +6.5% |
| VTI VG Morningstar TS MKT ETF-US | 3.81% | 14,542 | $4.4M | Add +0.5% |
| AAPL Apple Inc. | 3.77% | 21,300 | $4.4M | Reduce -0.4% |
| QQQ Invesco QQQ Trust Series 1 | 3.74% | 7,861 | $4.3M | Reduce -1.5% |
| TLT iShares 20+ Year Treasury BD | 2.88% | 37,855 | $3.3M | Add +121.7% |
| OAKM Oakmark US Large Cap ETF | 2.30% | 103,730 | $2.7M | Add +63.0% |
| XNCMX Nuveen Ca Amt-FR Muni Inc. | 2.16% | 212,592 | $2.5M | No change |
| STBF Perf Trust Short Term BD ETF | 1.84% | 84,152 | $2.1M | Add +186.1% |
| NAC Nuveen Ca QLTY Muni Inc. | 1.37% | 142,401 | $1.6M | No change |
| AMZN Amazon.com Inc. | 0.97% | 5,129 | $1.1M | Add +0.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.91% | 1,711 | $1.1M | No change |
| ACWX iShares MSCI Acwi Ex US ETF | 0.85% | 16,160 | $985K | Add +20.5% |
| VEA Vanguard Ftse Developed ETF | 0.85% | 17,239 | $983K | Add +0.4% |
| IWM iShares Russell 2000 ETF | 0.76% | 4,078 | $880K | Reduce -50.1% |
| LMT Lockheed Martin Corp. | 0.65% | 1,626 | $753K | No change |
| TMSL T.rowe PRC Small-Mid Cap ETF | 0.64% | 22,511 | $738K | New |
| NVDA Nvidia Corp. | 0.62% | 4,570 | $722K | Reduce -0.5% |
| COPY Tweedy Browne Insdr+valu ETF | 0.61% | 60,484 | $709K | Add +203.2% |
| OEF iShares S&P 100 ETF | 0.56% | 2,127 | $647K | Reduce -22.0% |
| MSFT Microsoft Corp. | 0.55% | 1,274 | $633K | Reduce -1.6% |
| JOET Virtus Terranova US Qual Mom | 0.53% | 14,892 | $609K | Reduce -5.4% |
| WFC Wells Fargo & Co. | 0.52% | 7,594 | $608K | Add +0.0% |
| TSLA Tesla Inc. | 0.49% | 1,781 | $566K | Add +10.8% |
| VOO Vanguard S&P 500 ETF | 0.43% | 881 | $500K | Reduce -0.9% |
| IEF iShares 7-10 Year Treasury B | 0.41% | 4,983 | $477K | Reduce -1.8% |
| VNQ Vanguard Real Estate ETF | 0.41% | 5,337 | $475K | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 0.36% | 3,870 | $423K | Reduce -17.4% |
| SCHD Schwab US DVD Equity ETF | 0.34% | 15,060 | $399K | Reduce -14.0% |
| VWO Vanguard Ftse Emerging Marke | 0.32% | 7,477 | $370K | Add +0.4% |
| BIZD Vaneck BDC Income ETF | 0.31% | 22,400 | $365K | No change |
| GOOGL Alphabet Inc. Class A | 0.29% | 1,920 | $338K | Reduce -10.4% |
| JOF Japan Smaller Capitalization | 0.28% | 34,001 | $328K | No change |
| MFIC Midcap Financial Investment | 0.26% | 23,500 | $297K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 3,326 | $278K | No change |
| TIP iShares Tips Bond ETF | 0.23% | 2,412 | $265K | No change |
| GLD SPDR Gold Shares | 0.22% | 828 | $252K | No change |
| TOTL SS Doubleline TR Tact ETF | 0.21% | 6,076 | $244K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.21% | 495 | $241K | No change |
| KEYS Keysight Technologies Inc. | 0.20% | 1,448 | $237K | No change |
| CAT Caterpillar Inc. | 0.20% | 585 | $227K | New |
| IBIT iShares Bitcoin Trust ETF | 0.19% | 3,670 | $225K | New |
| RMT Royce Micro-Cap Trust Inc. | 0.18% | 23,002 | $213K | No change |
| NCA Nuveen California Muni Val | 0.13% | 18,000 | $156K | No change |
| WIW Western Asst Infl-LNK Opp | 0.09% | 12,000 | $105K | No change |
| XJQCX Nuveen Credit Strategies Inc. | 0.07% | 15,000 | $81K | No change |
| ABSI Absci Corp. | 0.04% | 20,000 | $51K | New |
| ACB Aurora Cannabis Inc. | 0.04% | 10,000 | $42K | New |
| TTI Tetra Technologies Inc. | 0.04% | 12,500 | $42K | New |
| ZVIA Zevia PBC-A | 0.04% | 13,000 | $42K | New |
| ABCL Abcellera Biologics Inc. | 0.03% | 10,000 | $34K | No change |
| IAUX I-80 Gold Corp. | 0.01% | 10,000 | $6K | New |
Portfolio Sells Q1 2025 → Q2 2025
| SYLD Cambria Shareholder Yield Et | Reduce -8.6% | 7.00% | −1.45 |
| AAPL Apple Inc. | Reduce -0.4% | 3.77% | −0.84 |
| IWM iShares Russell 2000 ETF | Reduce -50.1% | 0.76% | −0.82 |
| TBLD Thornburg Income Builder Opp | Reduce -2.0% | 16.16% | −0.80 |
| TCAF T Rowe PRC Cap Appreciation | Reduce -1.5% | 11.80% | −0.53 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.20 |
| ITOT iShares Core S&P Total U.S. | Reduce -1.2% | 5.84% | −0.17 |
| OEF iShares S&P 100 ETF | Reduce -22.0% | 0.56% | −0.16 |
| SCHD Schwab US DVD Equity ETF | Reduce -14.0% | 0.34% | −0.13 |
| IJR iShares Core S&P Small-Cap E | Reduce -17.4% | 0.36% | −0.11 |
| VNQ Vanguard Real Estate ETF | Reduce -0.7% | 0.41% | −0.06 |
| IEF iShares 7-10 Year Treasury B | Reduce -1.8% | 0.41% | −0.06 |
| JOET Virtus Terranova US Qual Mom | Reduce -5.4% | 0.53% | −0.03 |
| GOOGL Alphabet Inc. Class A | Reduce -10.4% | 0.29% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -0.9% | 0.43% | −0.01 |
| MSFT Microsoft Corp. | Reduce -1.6% | 0.55% | +0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.5% | 3.74% | +0.11 |
| NVDA Nvidia Corp. | Reduce -0.5% | 0.62% | +0.14 |
Portfolio Buys Q1 2025 → Q2 2025
| TLT iShares 20+ Year Treasury BD | Add +121.7% | 2.88% | +1.37 |
| GRNY Fundstr Gran SH US LRG Cap | Add +15.1% | 6.02% | +1.30 |
| STBF Perf Trust Short Term BD ETF | Add +186.1% | 1.84% | +1.12 |
| OAKM Oakmark US Large Cap ETF | Add +63.0% | 2.30% | +0.79 |
| TMSL T.rowe PRC Small-Mid Cap ETF | New | 0.64% | +0.64 |
| COPY Tweedy Browne Insdr+valu ETF | Add +203.2% | 0.61% | +0.41 |
| IVV iShares Core S&P 500 ETF | Add +6.5% | 5.49% | +0.24 |
| CAT Caterpillar Inc. | New | 0.20% | +0.20 |
| IBIT iShares Bitcoin Trust ETF | New | 0.19% | +0.19 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +20.5% | 0.85% | +0.13 |
| TSLA Tesla Inc. | Add +10.8% | 0.49% | +0.08 |
| ABSI Absci Corp. | New | 0.04% | +0.04 |
| ACB Aurora Cannabis Inc. | New | 0.04% | +0.04 |
| TTI Tetra Technologies Inc. | New | 0.04% | +0.04 |
| ZVIA Zevia PBC-A | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +0.3% | 0.97% | +0.03 |
| IAUX I-80 Gold Corp. | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.4% | 0.85% | +0.00 |
| WFC Wells Fargo & Co. | Add +0.0% | 0.52% | −0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +0.4% | 0.32% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.5% | 3.81% | −0.05 |
| XSORX Source Capital Inc. | Add +2.0% | 10.52% | −0.59 |
Notes & Other Activity Q1 2025 → Q2 2025
| JQCNR Nuveen Credit Strategies-RTS | RIGHT 04/29/2025 | Sold out | 15,000 | $0before exit |
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 |