Gunpowder Capital Management, LLC dba Oliver Wealth Management
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 11, 2026), Gunpowder Capital Management, LLC dba Oliver Wealth Management reported 406 stock positions worth $142.3 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 11.4% of the portfolio, followed by Dimensional US Core Eq 1 ETF (DCOR, 10.3%) and SPDR Gold Shares (GLD, 8.0%). Compared with Q1 2026, it opened 19 new positions, sold out of 20, added to 41 and reduced 65. The biggest buy was Dimensional US Core Eq 1 ETF (DCOR, shares +18%) and the biggest sale SPDR Gold Shares (GLD, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0002114795
- Portfolio Value
- $142.3M (Q2 2026)
- SEC Filing
- 0002114795-26-000003 ↗ filed Aug 11, 2026
Holdings Value
Holdings 406 stocks · $142.3M
| DFAC Dimensional US Core Equity 2 | 11.38% | 365,285 | $16.2M | Add +13.9% |
| DCOR Dimensional US Core Eq 1 ETF | 10.30% | 178,804 | $14.7M | Add +18.1% |
| GLD SPDR Gold Shares | 8.00% | 30,925 | $11.4M | Reduce -2.8% |
| AAPL Apple Inc. | 7.84% | 38,575 | $11.2M | Reduce -4.0% |
| DFIC Dimensional International Co. | 5.00% | 191,110 | $7.1M | Add +10.9% |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 4.37% | 126,372 | $6.2M | Add +2.7% |
| QQQ Invesco QQQ Trust Series 1 | 3.65% | 7,062 | $5.2M | Reduce -2.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.50% | 6,666 | $5.0M | Reduce -9.8% |
| IAU iShares Gold Trust | 3.36% | 63,309 | $4.8M | No change |
| DFEM Dimensional Emrg MRKT Core | 2.88% | 100,774 | $4.1M | Add +10.0% |
| META Meta Platforms Inc. Class A | 2.56% | 6,468 | $3.6M | No change |
| CGGR Cap Group Growth Equity | 2.41% | 72,690 | $3.4M | Add +1.6% |
| WMT Walmart Inc. | 1.90% | 23,838 | $2.7M | Reduce -5.2% |
| PLTR Palantir Technologies Inc. Class A | 1.75% | 21,324 | $2.5M | Add +10.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.34% | 21,756 | $1.9M | Reduce -7.3% |
| NVDA Nvidia Corp. | 1.31% | 9,347 | $1.9M | Add +25.5% |
| AVGO Broadcom Inc. | 1.22% | 4,612 | $1.7M | Reduce -20.6% |
| XLE SS Energy Select Sector | 1.16% | 30,969 | $1.6M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.02% | 2,889 | $1.4M | Add +0.7% |
| DFUS Dimensional US Eq MKT ETF | 0.89% | 15,515 | $1.3M | Reduce -23.9% |
| SLV iShares Silver Trust | 0.80% | 21,281 | $1.1M | Reduce -3.4% |
| RSPT Invesco S&P 500 Equal Weight | 0.79% | 17,473 | $1.1M | Reduce -5.8% |
| XOM Exxon Mobil Corp. | 0.73% | 7,651 | $1.0M | Reduce -3.1% |
| DFAI Dimensional International Co. | 0.71% | 24,620 | $1.0M | Reduce -20.3% |
| GOOGL Alphabet Inc. Class A | 0.67% | 2,686 | $960K | Add +0.5% |
| MSFT Microsoft Corp. | 0.66% | 2,535 | $946K | Reduce -42.5% |
| MDY State Street SPDR S&P Midcap | 0.65% | 1,325 | $932K | Reduce -9.8% |
| ETHA iShares Ethereum Trust ETF | 0.59% | 70,134 | $834K | Reduce -0.8% |
| UPS United Parcel Service Class B | 0.57% | 7,547 | $811K | Add +2.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.52% | 14,625 | $737K | Reduce -3.7% |
| COST Costco Wholesale Corp. | 0.48% | 730 | $683K | Add +2254.8% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.46% | 12,361 | $657K | No change |
| DFCF Dimensional Core Fixed Inc. | 0.46% | 15,520 | $655K | Add +6.4% |
| FXL First Trust Technology Alpha | 0.46% | 3,000 | $652K | No change |
| DFAE Dimensional Emerging Core Eq | 0.44% | 15,531 | $625K | Reduce -18.0% |
| BABA Alibaba Group Holding-SP ADR | 0.42% | 6,186 | $594K | Reduce -1.7% |
| V Visa Inc. Class A | 0.40% | 1,680 | $576K | No change |
| BX Blackstone Inc. | 0.40% | 4,782 | $563K | Reduce -3.2% |
| AMZN Amazon.com Inc. | 0.39% | 2,358 | $562K | Add +2.5% |
| SPAB SS SPDR P Agg Bond ETF | 0.39% | 21,858 | $558K | Reduce -1.4% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.35% | 8,574 | $494K | Reduce -2.1% |
| MU Micron Technology Inc. | 0.32% | 400 | $462K | New |
| IWM iShares Russell 2000 ETF | 0.31% | 1,452 | $436K | No change |
| CEG Constellation Energy | 0.29% | 1,684 | $418K | No change |
| FXI iShares China Large-Cap ETF | 0.27% | 12,330 | $390K | Add +0.0% |
| HD Home Depot Inc. | 0.27% | 1,097 | $387K | Reduce -1.9% |
| TEM Tempus AI Inc. Class A | 0.22% | 5,500 | $319K | Reduce -15.4% |
| NEM Newmont Corp. | 0.22% | 3,342 | $312K | No change |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 1,317 | $312K | No change |
| GE General Electric filed as GE AEROSPACE | 0.21% | 800 | $299K | Reduce -0.5% |
| TSLA Tesla Inc. | 0.20% | 689 | $290K | No change |
| DFAU Dimensional US Core Equity M | 0.19% | 5,158 | $267K | No change |
| MA Mastercard Inc. Class A | 0.19% | 513 | $263K | No change |
| SPEM State Street SP PTF Em ETF | 0.18% | 4,920 | $255K | No change |
| MTZ Mastec Inc. | 0.18% | 600 | $250K | No change |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.17% | 5,841 | $247K | No change |
| SPIP SS SPDR P Tips ETF | 0.17% | 9,297 | $239K | No change |
| EXEL Exelixis Inc. | 0.17% | 4,382 | $238K | No change |
| GEV GE Vernova Inc. | 0.16% | 199 | $234K | No change |
| RSPH Invesco S&P 500 Equal Weight | 0.16% | 6,995 | $232K | No change |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 2,398 | $232K | No change |
| JNJ Johnson & Johnson | 0.16% | 906 | $230K | Reduce -16.8% |
| ALAB Astera Labs Inc. | 0.15% | 450 | $217K | No change |
| SPCX Space Exploration Techn Class A | 0.15% | 1,270 | $217K | New |
| XLG Invesco S&P 500 Top 50 ETF | 0.15% | 3,442 | $211K | No change |
| WULF Terawulf Inc. | 0.13% | 7,334 | $181K | Add +36.6% |
| HEFT Hedgeye Fourth Turning ETF | 0.12% | 6,654 | $176K | No change |
| LRCX Lam Research Corp. | 0.12% | 400 | $173K | New |
| FETH Fidelity Ethereum Fund | 0.12% | 11,000 | $173K | New |
| DFAW Dimensional World Eqty ETF | 0.12% | 2,005 | $166K | Add +60.4% |
| EXC Exelon Corp. | 0.12% | 3,553 | $166K | No change |
| PG The Procter & Gamble Co. | 0.11% | 1,114 | $163K | Reduce -8.3% |
| DFSD Dimensional Short Duration | 0.11% | 3,360 | $160K | No change |
| GOOG Alphabet Inc. Class C | 0.11% | 451 | $159K | Add +124.4% |
| CL Colgate-Palmolive Co. | 0.11% | 1,686 | $155K | Add +0.6% |
| FDL First Trust Morn DVD Lead Inc. | 0.11% | 3,117 | $152K | Add +0.1% |
| IVV iShares Core S&P 500 ETF | 0.10% | 198 | $148K | No change |
| IJH iShares Core S&P Midcap ETF | 0.10% | 1,872 | $144K | No change |
| OSCR Oscar Health Inc. Class A | 0.10% | 5,054 | $144K | Reduce -13.7% |
| CG The Carlyle Group Inc. | 0.10% | 3,312 | $139K | No change |
| PRU Prudential Financial Inc. | 0.10% | 1,273 | $137K | No change |
| ITA iShares U.S. Aerospace & Def | 0.10% | 560 | $136K | Reduce -22.5% |
| EMR Emerson Electric Co. | 0.10% | 948 | $136K | No change |
| ITOT iShares Core S&P Total U.S. | 0.09% | 777 | $128K | No change |
| UFO Procure Space ETF | 0.09% | 2,485 | $126K | New |
| DHS Wisdomtree US High Dividend | 0.09% | 1,081 | $123K | Add +0.6% |
| RWO State Street SPDR Dow Jones | 0.08% | 2,387 | $119K | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.08% | 283 | $118K | No change |
| SJNK SS SPDR BB St Hi Yield ETF | 0.08% | 4,650 | $116K | No change |
| PSLV Sprott Physical Silver Trust | 0.08% | 6,056 | $114K | No change |
| PDI PIMCO Dynamic Income Fund | 0.08% | 6,784 | $113K | Reduce -17.0% |
| BAC Bank of America Corp. | 0.08% | 1,985 | $113K | Add +0.1% |
| PALL Abrdn Physical Palladium SHS | 0.08% | 5,010 | $111K | Reduce -28.5% |
| SPIB SS SPDR P Int C Corp. ETF | 0.08% | 3,255 | $109K | Reduce -3.6% |
| MUB iShares National Muni Bond E | 0.08% | 1,000 | $108K | No change |
| BNY Bank of New York Mellon Corp. | 0.07% | 727 | $105K | No change |
| GWX State Street SPDR S&P Intern | 0.07% | 2,384 | $104K | No change |
| IGF iShares Global Infrastructur | 0.07% | 1,432 | $95K | No change |
| ASTS Ast Spacemobile Inc. | 0.07% | 1,058 | $94K | Add +1724.1% |
| SNA Snap-on Inc. | 0.06% | 226 | $91K | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $2K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 47 | $854 | No change |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 47 | $684 | No change |
Total filed on the 13F, all lines: $142.4M.
Portfolio Sells Q1 2026 → Q2 2026
| GLD SPDR Gold Shares | Reduce -2.8% | 8.00% | −2.38 |
| MSFT Microsoft Corp. | Reduce -42.5% | 0.66% | −0.57 |
| WMT Walmart Inc. | Reduce -5.2% | 1.90% | −0.47 |
| SLV iShares Silver Trust | Reduce -3.4% | 0.80% | −0.34 |
| XLE SS Energy Select Sector | Reduce -0.8% | 1.16% | −0.30 |
| XOM Exxon Mobil Corp. | Reduce -3.1% | 0.73% | −0.28 |
| ETHA iShares Ethereum Trust ETF | Reduce -0.8% | 0.59% | −0.26 |
| DFUS Dimensional US Eq MKT ETF | Reduce -23.9% | 0.89% | −0.20 |
| DFAI Dimensional International Co. | Reduce -20.3% | 0.71% | −0.20 |
| BABA Alibaba Group Holding-SP ADR | Reduce -1.7% | 0.42% | −0.18 |
| CI The Cigna Group | Reduce -94.4% | 0.01% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -9.8% | 3.50% | −0.15 |
| AVGO Broadcom Inc. | Reduce -20.6% | 1.22% | −0.14 |
| USB US Bancorp | Reduce -93.6% | 0.01% | −0.12 |
| MLI Mueller Industries Inc. | Reduce -94.7% | 0.00% | −0.08 |
| VKTX Viking Therapeutics Inc. | Reduce -81.5% | 0.02% | −0.07 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -68.5% | 0.05% | −0.07 |
| PALL Abrdn Physical Palladium SHS | Reduce -28.5% | 0.08% | −0.07 |
| DFAE Dimensional Emerging Core Eq | Reduce -18.0% | 0.44% | −0.05 |
| AEE Ameren Corporation | Reduce -69.8% | 0.02% | −0.04 |
| JNJ Johnson & Johnson | Reduce -16.8% | 0.16% | −0.04 |
| MCD McDonald's Corp. | Reduce -35.9% | 0.04% | −0.04 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -1.4% | 0.39% | −0.04 |
| DFSV Dimensional US Small Cap Val | Sold out | 0.00% | −0.04 |
| BX Blackstone Inc. | Reduce -3.2% | 0.40% | −0.04 |
| FAST Fastenal Co. | Reduce -94.7% | 0.00% | −0.03 |
| COR Cencora Inc. | Reduce -95.3% | 0.00% | −0.03 |
| MDY State Street SPDR S&P Midcap | Reduce -9.8% | 0.65% | −0.03 |
| ACN Accenture PLC Class A | Sold out | 0.00% | −0.03 |
| LULU Lululemon Athletica Inc. | Reduce -75.8% | 0.01% | −0.03 |
| HON Honeywell International Inc. | Reduce -55.0% | 0.01% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -71.1% | 0.01% | −0.03 |
| PDI PIMCO Dynamic Income Fund | Reduce -17.0% | 0.08% | −0.03 |
| ITA iShares U.S. Aerospace & Def | Reduce -22.5% | 0.10% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -7.3% | 1.34% | −0.02 |
| PFE Pfizer Inc. | Reduce -31.6% | 0.02% | −0.02 |
| ADP Automatic Data Processing | Reduce -83.3% | 0.00% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -8.3% | 0.11% | −0.02 |
| SPWR Sunpower Inc. | Sold out | 0.00% | −0.02 |
| CPLS AB Core Plus Bond ETF | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Reduce -9.2% | 0.06% | −0.01 |
| OLLI Ollie's Bargain Outlet Holdi | Sold out | 0.00% | −0.01 |
| AEP American Electric Power | Reduce -22.3% | 0.04% | −0.01 |
| ELF Elf Beauty Inc. | Sold out | 0.00% | −0.01 |
| XEL Xcel Energy Inc. | Reduce -95.0% | 0.00% | −0.01 |
| ITW Illinois Tool Works | Sold out | 0.00% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -63.2% | 0.01% | −0.01 |
| HONA Honeywell Aerospace Inc. | Reduce -55.9% | 0.01% | −0.01 |
| SR Spire Inc. | Reduce -95.0% | 0.00% | −0.01 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| DCOR Dimensional US Core Eq 1 ETF | Add +18.1% | 10.30% | +2.02 |
| DFAC Dimensional US Core Equity 2 | Add +13.9% | 11.38% | +1.93 |
| DFEM Dimensional Emrg MRKT Core | Add +10.0% | 2.88% | +0.48 |
| COST Costco Wholesale Corp. | Add +2254.8% | 0.48% | +0.46 |
| CGDV Cap Group Dividend Value | Add +2.7% | 4.37% | +0.40 |
| DFIC Dimensional International Co. | Add +10.9% | 5.00% | +0.36 |
| NVDA Nvidia Corp. | Add +25.5% | 1.31% | +0.33 |
| MU Micron Technology Inc. | New | 0.32% | +0.32 |
| CGGR Cap Group Growth Equity | Add +1.6% | 2.41% | +0.23 |
| SPCX Space Exploration Techn Class A | New | 0.15% | +0.15 |
| LRCX Lam Research Corp. | New | 0.12% | +0.12 |
| FETH Fidelity Ethereum Fund | New | 0.12% | +0.12 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.67% | +0.09 |
| UFO Procure Space ETF | New | 0.09% | +0.09 |
| WULF Terawulf Inc. | Add +36.6% | 0.13% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +124.4% | 0.11% | +0.07 |
| ASTS Ast Spacemobile Inc. | Add +1724.1% | 0.07% | +0.06 |
| DFAW Dimensional World Eqty ETF | Add +60.4% | 0.12% | +0.05 |
| APLD Applied Digital Corp. | New | 0.04% | +0.04 |
| ETHW Bitwise Ethereum ETF | New | 0.04% | +0.04 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.39% | +0.03 |
| UPS United Parcel Service Class B | Add +2.6% | 0.57% | +0.02 |
| SE Sea Ltd.-ADR | New | 0.02% | +0.02 |
| XLK SS Technology Select Sector | New | 0.01% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +550.0% | 0.02% | +0.01 |
| NOW ServiceNow Inc. | New | 0.01% | +0.01 |
| TGT Target Corp. | Add +15.4% | 0.05% | +0.01 |
| BN Brookfield Corp. | New | 0.01% | +0.01 |
| MKL Markel Group Inc. | New | 0.01% | +0.01 |
| MRVL Marvell Technology Inc. | New | 0.01% | +0.01 |
| BAC Bank of America Corp. | Add +0.1% | 0.08% | +0.01 |
| IWN iShares Russell 2000 Value E | Add +0.8% | 0.06% | +0.01 |
| WGMI CS BTC Min Dig PWR ETF | New | 0.00% | +0.00 |
| MSBT Morgan Stanley Bitcoin Trust | New | 0.00% | +0.00 |
| SCHW Schwab (charles) Corp. | New | 0.00% | +0.00 |
| FERG Ferguson Enterprises Inc. | New | 0.00% | +0.00 |
| SHW The Sherwin-Williams Co. | New | 0.00% | +0.00 |
| PEP Pepsico Inc. | Add +38.4% | 0.02% | +0.00 |
| SMH Vaneck Semiconductor ETF | New | 0.00% | +0.00 |
| MNR Mach Natural Resources LP | Add +23.6% | 0.04% | +0.00 |
| MO Altria Group Inc. | Add +0.7% | 0.06% | +0.00 |
| LOW Lowe's Cos Inc. | Add +22.5% | 0.02% | +0.00 |
| PM Philip Morris International | Add +0.8% | 0.03% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +100.0% | 0.00% | +0.00 |
| MTB M & T Bank Corp. | Add +4.3% | 0.00% | +0.00 |
| CL Colgate-Palmolive Co. | Add +0.6% | 0.11% | +0.00 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Add +2.4% | 0.00% | +0.00 |
| URA Global X Uranium ETF | Add +18.7% | 0.03% | −0.00 |
| KO The Coca-Cola Co. | Add +0.2% | 0.04% | −0.00 |
| EIPI FT Energy Income ETF | Add +0.3% | 0.01% | −0.00 |