Gunpowder Capital Management, LLC dba Oliver Wealth Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed March 5, 2026), Gunpowder Capital Management, LLC dba Oliver Wealth Management reported 436 stock positions worth $128.5 million. Its top holding was SPDR Gold Shares (GLD) at 9.8% of the portfolio, followed by Apple (AAPL, 8.6%) and Dimensional US Core Equity 2 (DFAC, 8.2%).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0002114795
- Portfolio Value
- $128.5M (Q4 2025)
- SEC Filing
- 0002114795-26-000001 ↗ filed Mar 5, 2026
Holdings Value
Holdings 436 stocks · $128.5M
| GLD SPDR Gold Shares | 9.77% | 31,661 | $12.5M | — |
| AAPL Apple Inc. | 8.55% | 40,410 | $11.0M | — |
| DFAC Dimensional US Core Equity 2 | 8.23% | 267,062 | $10.6M | — |
| DCOR Dimensional US Core Eq 1 ETF | 6.75% | 117,823 | $8.7M | — |
| CGDV Cap Group Dividend Value filed as CAPITAL GROUP DIVIDEND VALUE | 4.01% | 118,171 | $5.2M | — |
| IAU iShares Gold Trust | 4.01% | 63,509 | $5.2M | — |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.96% | 7,451 | $5.1M | — |
| DFIC Dimensional International Co. | 3.75% | 139,910 | $4.8M | — |
| QQQ Invesco QQQ Trust Series 1 | 3.42% | 7,158 | $4.4M | — |
| META Meta Platforms Inc. Class A | 3.32% | 6,470 | $4.3M | — |
| PLTR Palantir Technologies Inc. Class A | 2.67% | 19,314 | $3.4M | — |
| CGGR Cap Group Growth Equity | 2.25% | 64,915 | $2.9M | — |
| WMT Walmart Inc. | 2.24% | 25,878 | $2.9M | — |
| DFEM Dimensional Emrg MRKT Core | 1.88% | 72,852 | $2.4M | — |
| MSFT Microsoft Corp. | 1.78% | 4,740 | $2.3M | — |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.69% | 27,017 | $2.2M | — |
| AVGO Broadcom Inc. | 1.66% | 6,155 | $2.1M | — |
| DFUS Dimensional US Eq MKT ETF | 1.27% | 22,028 | $1.6M | — |
| BRK.B Berkshire Hathaway Inc. Class B | 1.19% | 3,050 | $1.5M | — |
| SLV iShares Silver Trust | 1.11% | 22,190 | $1.4M | — |
| XLE SS Energy Select Sector | 1.10% | 31,503 | $1.4M | — |
| NVDA Nvidia Corp. | 1.08% | 7,449 | $1.4M | — |
| DFAI Dimensional International Co. | 0.97% | 32,860 | $1.3M | — |
| XOM Exxon Mobil Corp. | 0.75% | 8,037 | $967K | — |
| BABA Alibaba Group Holding-SP ADR | 0.70% | 6,050 | $903K | — |
| MDY State Street SPDR S&P Midcap | 0.69% | 1,469 | $886K | — |
| RSPT Invesco S&P 500 Equal Weight | 0.66% | 18,750 | $853K | — |
| GOOGL Alphabet Inc. Class A | 0.65% | 2,673 | $837K | — |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 0.63% | 12,361 | $810K | — |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.61% | 17,663 | $784K | — |
| UPS United Parcel Service Class B | 0.60% | 7,786 | $772K | — |
| BX Blackstone Inc. | 0.59% | 4,942 | $762K | — |
| DFAE Dimensional Emerging Core Eq | 0.51% | 20,069 | $654K | — |
| DFCF Dimensional Core Fixed Inc. | 0.50% | 15,118 | $643K | — |
| ETHA iShares Ethereum Trust ETF | 0.49% | 28,135 | $631K | — |
| SPAB SS SPDR P Agg Bond ETF | 0.48% | 24,170 | $622K | — |
| V Visa Inc. Class A | 0.46% | 1,680 | $589K | — |
| AMZN Amazon.com Inc. | 0.41% | 2,301 | $531K | — |
| FXL First Trust Technology Alpha | 0.39% | 3,000 | $505K | — |
| SPSM SS SPDR P S&P 600 Small Cap | 0.36% | 9,927 | $465K | — |
| FXI iShares China Large-Cap ETF | 0.34% | 11,544 | $442K | — |
| HD Home Depot Inc. | 0.33% | 1,222 | $420K | — |
| CI The Cigna Group | 0.29% | 1,353 | $372K | — |
| NEM Newmont Corp. | 0.26% | 3,392 | $339K | — |
| TSLA Tesla Inc. | 0.24% | 689 | $310K | — |
| TEM Tempus AI Inc. Class A | 0.23% | 5,000 | $295K | — |
| MA Mastercard Inc. Class A | 0.23% | 513 | $293K | — |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 1,317 | $289K | — |
| SPEM State Street SP PTF Em ETF | 0.22% | 5,967 | $279K | — |
| USB US Bancorp | 0.21% | 5,166 | $276K | — |
| IWM iShares Russell 2000 ETF | 0.21% | 1,084 | $267K | — |
| SPIP SS SPDR P Tips ETF | 0.20% | 9,805 | $254K | — |
| JNJ Johnson & Johnson | 0.19% | 1,202 | $249K | — |
| GE General Electric filed as GE AEROSPACE | 0.19% | 804 | $248K | — |
| CEG Constellation Energy | 0.19% | 687 | $243K | — |
| DFAU Dimensional US Core Equity M | 0.19% | 5,158 | $241K | — |
| IEFA iShares Core MSCI Eafe ETF | 0.19% | 2,670 | $239K | — |
| RSPH Invesco S&P 500 Equal Weight | 0.17% | 6,995 | $223K | — |
| PALL Abrdn Physical Palladium SHS | 0.17% | 1,502 | $218K | — |
| XLG Invesco S&P 500 Top 50 ETF | 0.16% | 3,442 | $204K | — |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 0.16% | 5,841 | $202K | — |
| CG The Carlyle Group Inc. | 0.15% | 3,312 | $196K | — |
| EXEL Exelixis Inc. | 0.15% | 4,382 | $192K | — |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 625 | $190K | — |
| MLI Mueller Industries Inc. | 0.14% | 1,600 | $184K | — |
| FDL First Trust Morn DVD Lead Inc. | 0.14% | 4,114 | $182K | — |
| PG The Procter & Gamble Co. | 0.14% | 1,243 | $178K | — |
| JD Jd.com Inc.-ADR | 0.14% | 6,156 | $177K | — |
| IVV iShares Core S&P 500 ETF | 0.13% | 247 | $169K | — |
| VKTX Viking Therapeutics Inc. | 0.13% | 4,680 | $165K | — |
| ITA iShares U.S. Aerospace & Def | 0.13% | 761 | $163K | — |
| DFSD Dimensional Short Duration | 0.13% | 3,360 | $161K | — |
| IJH iShares Core S&P Midcap ETF | 0.12% | 2,245 | $148K | — |
| PDI PIMCO Dynamic Income Fund | 0.11% | 8,177 | $145K | — |
| PRU Prudential Financial Inc. | 0.11% | 1,273 | $144K | — |
| PSLV Sprott Physical Silver Trust | 0.11% | 6,056 | $143K | — |
| SPIB SS SPDR P Int C Corp. ETF | 0.11% | 4,213 | $142K | — |
| CL Colgate-Palmolive Co. | 0.10% | 1,688 | $133K | — |
| SJNK SS SPDR BB St Hi Yield ETF | 0.10% | 5,186 | $131K | — |
| MTZ Mastec Inc. | 0.10% | 600 | $130K | — |
| GEV GE Vernova Inc. | 0.10% | 199 | $130K | — |
| MCD McDonald's Corp. | 0.10% | 420 | $128K | — |
| EMR Emerson Electric Co. | 0.10% | 956 | $127K | — |
| GWX State Street SPDR S&P Intern | 0.10% | 3,035 | $124K | — |
| ITOT iShares Core S&P Total U.S. | 0.09% | 777 | $116K | — |
| BDX Becton Dickinson and Co. | 0.09% | 575 | $112K | — |
| RWO State Street SPDR Dow Jones | 0.09% | 2,476 | $111K | — |
| PYPL PayPal Holdings Inc. | 0.09% | 1,904 | $111K | — |
| DHS Wisdomtree US High Dividend | 0.08% | 1,071 | $109K | — |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.08% | 1,980 | $109K | — |
| MUB iShares National Muni Bond E | 0.08% | 1,000 | $107K | — |
| CVNA Carvana Co. | 0.08% | 250 | $106K | — |
| SYK Stryker Corp. | 0.07% | 269 | $95K | — |
| EXC Exelon Corp. | 0.07% | 2,053 | $89K | — |
| GIS General Mills Inc. | 0.07% | 1,923 | $89K | — |
| IGF iShares Global Infrastructur | 0.07% | 1,432 | $88K | — |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.07% | 727 | $84K | — |
| OSCR Oscar Health Inc. Class A | 0.07% | 5,854 | $84K | — |
| CGCP Cap Group Core Plus Income | 0.07% | 3,695 | $84K | — |
| ZETA Zeta Global Holdings Corp. Class A | 0.06% | 4,099 | $83K | — |
Other holdings (2): bonds, preferreds, convertibles and warrants · $1K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NE.WS Noble Corp. PLC-28 | *W EXP 02/04/202 | 47 | $823 | — |
| NOBLE CORP PLC-28 | *W EXP 02/04/202 | 47 | $392 | — |
Total filed on the 13F, all lines: $128.5M.
Portfolio Sells Q4 2025
No earlier filing to compare with.
Portfolio Buys Q4 2025
No earlier filing to compare with.