Nwam LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Nwam LLC reported 614 stock positions worth $1.8 billion. Its top holding was Microsoft (MSFT) at 6.4% of the portfolio, followed by Apple (AAPL, 3.7%) and Nvidia (NVDA, 2.4%). Compared with Q3 2025, it opened 49 new positions, sold out of 73, added to 217 and reduced 327. The biggest buy was United Parcel Service Class B (UPS, shares +87%) and the biggest sale Microsoft (MSFT, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MERCER ISLAND, WA
- CIK
- 0001655006
- Portfolio Value
- $1.8B (Q4 2025)
- SEC Filing
- 0001655006-26-000001 ↗ filed Feb 4, 2026
Holdings Value
Holdings 614 stocks · $1.8B
| MSFT Microsoft Corp. | 6.42% | 242,776 | $114.9M | Reduce -1.3% |
| AAPL Apple Inc. | 3.66% | 252,603 | $65.5M | Reduce -5.8% |
| NVDA Nvidia Corp. | 2.38% | 228,896 | $42.7M | Reduce -5.9% |
| VUG Vanguard Mrngstar GR ETF-Sui | 2.33% | 85,751 | $41.8M | Reduce -2.7% |
| QQQ Invesco QQQ Trust Series 1 | 2.26% | 65,200 | $40.5M | Add +0.1% |
| AMZN Amazon.com Inc. | 2.16% | 162,664 | $38.7M | Add +0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.93% | 178,489 | $34.6M | Reduce -1.9% |
| AVGO Broadcom Inc. | 1.61% | 88,568 | $28.8M | Reduce -3.6% |
| IWF iShares Russell 1000 Growth | 1.61% | 60,937 | $28.8M | Reduce -2.4% |
| IVV iShares Core S&P 500 ETF | 1.61% | 41,642 | $28.8M | Reduce -12.3% |
| ITOT iShares Core S&P Total U.S. | 1.32% | 156,046 | $23.7M | Reduce -0.0% |
| TSLA Tesla Inc. | 1.22% | 49,036 | $21.8M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.16% | 42,338 | $20.7M | Reduce -7.9% |
| COST Costco Wholesale Corp. | 1.14% | 21,044 | $20.4M | Reduce -3.8% |
| BSV Vanguard Short-Term Bond ETF | 1.02% | 231,011 | $18.2M | Add +9.7% |
| XOM Exxon Mobil Corp. | 0.96% | 128,443 | $17.1M | Reduce -5.0% |
| META Meta Platforms Inc. Class A | 0.92% | 24,481 | $16.5M | Reduce -5.9% |
| BND Vanguard Total Bond Market | 0.91% | 218,880 | $16.2M | Add +0.9% |
| GLD SPDR Gold Shares | 0.89% | 34,384 | $15.9M | Reduce -20.3% |
| LLY Eli Lilly & Co. | 0.87% | 14,675 | $15.6M | Reduce -4.0% |
| VEA Vanguard Ftse Developed ETF | 0.86% | 240,674 | $15.4M | Reduce -1.9% |
| GDX Vaneck Gold Miners ETF | 0.85% | 142,183 | $15.3M | Reduce -15.2% |
| GDXJ Vaneck Junior Gold Miners | 0.79% | 98,120 | $14.2M | Reduce -17.1% |
| DFAC Dimensional US Core Equity 2 | 0.79% | 352,616 | $14.1M | Reduce -0.3% |
| GOOG Alphabet Inc. Class C | 0.77% | 41,724 | $13.7M | Reduce -2.9% |
| GOOGL Alphabet Inc. Class A | 0.76% | 41,073 | $13.5M | Reduce -11.8% |
| AGG iShares Core U.S. Aggregate | 0.75% | 133,081 | $13.3M | Add +2.1% |
| VYM Vanguard High DVD Yield ETF | 0.71% | 88,252 | $12.7M | Reduce -2.5% |
| BNDX Vanguard Total Intl Bond ETF | 0.68% | 250,578 | $12.1M | Add +10.3% |
| BA The Boeing Co. | 0.68% | 49,768 | $12.1M | Add +2.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.67% | 17,311 | $11.9M | Add +2.9% |
| UPS United Parcel Service Class B | 0.66% | 111,122 | $11.9M | Add +86.6% |
| AVUV Avantis US Small Cap Value | 0.65% | 113,569 | $11.7M | Reduce -7.7% |
| BIV Vanguard Intermediate-Term B | 0.64% | 145,922 | $11.4M | Add +10.0% |
| VNQ Vanguard Real Estate ETF | 0.63% | 126,096 | $11.2M | Reduce -1.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 31,092 | $10.6M | Add +0.1% |
| IWD iShares Russell 1000 Value E | 0.57% | 48,117 | $10.2M | Add +1.7% |
| SMH Vaneck Semiconductor ETF | 0.55% | 25,713 | $9.8M | Reduce -0.5% |
| SLV iShares Silver Trust | 0.54% | 98,097 | $9.6M | Reduce -27.7% |
| CCJ Cameco Corp. | 0.53% | 79,018 | $9.5M | Reduce -3.9% |
| VOO Vanguard S&P 500 ETF | 0.53% | 14,883 | $9.5M | Add +4.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.52% | 29,598 | $9.3M | Reduce -1.6% |
| DFSU Dimensional US Sus CORE1 ETF | 0.50% | 206,235 | $9.0M | Reduce -4.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.49% | 26,543 | $8.8M | Reduce -2.4% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.48% | 32,523 | $8.6M | Reduce -3.9% |
| VXUS Vanguard Total Intl Stock | 0.47% | 106,530 | $8.5M | Add +9.2% |
| XLK SS Technology Select Sector | 0.47% | 57,847 | $8.4M | Reduce -44.0% |
| SLYV SS SPDR S&P 600 SC Val ETF | 0.47% | 90,799 | $8.4M | Reduce -0.9% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.46% | 71,984 | $8.3M | Reduce -0.4% |
| SILJ Amplify Junior Silver Miners | 0.46% | 229,166 | $8.2M | Reduce -21.4% |
| IJH iShares Core S&P Midcap ETF | 0.44% | 117,046 | $7.9M | Add +0.6% |
| VIG Vanguard Dividend Apprec ETF | 0.44% | 35,268 | $7.9M | Reduce -3.0% |
| GEV GE Vernova Inc. | 0.44% | 11,724 | $7.8M | Add +9.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.42% | 25,558 | $7.5M | Reduce -0.4% |
| AMLP Alerian MLP ETF | 0.41% | 156,083 | $7.4M | Reduce -2.2% |
| HII Huntington Ingalls Industrie | 0.41% | 17,829 | $7.4M | Add +0.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.41% | 79,462 | $7.4M | Reduce -2.4% |
| MTBA Simplify MBS ETF | 0.40% | 142,072 | $7.2M | Reduce -0.5% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.39% | 97,487 | $7.0M | Add +0.1% |
| IXUS iShares Core Intl Stock ETF | 0.38% | 76,847 | $6.9M | Add +4.5% |
| VRT Vertiv Holdings Co. Class A | 0.38% | 37,714 | $6.8M | Reduce -3.0% |
| HON Honeywell International Inc. | 0.38% | 31,117 | $6.8M | Add +270.2% |
| SCHD Schwab US DVD Equity ETF | 0.38% | 236,665 | $6.8M | Add +2.5% |
| VEU Vanguard Ftse All-World Ex-U | 0.38% | 90,451 | $6.8M | Reduce -1.8% |
| AEM Agnico Eagle Mines Ltd. | 0.38% | 31,513 | $6.8M | Reduce -2.3% |
| USB US Bancorp | 0.38% | 121,489 | $6.8M | Add +0.5% |
| JPM JPMorgan Chase & Co. | 0.37% | 21,857 | $6.7M | Reduce -11.4% |
| IJR iShares Core S&P Small-Cap E | 0.35% | 50,719 | $6.3M | Add +0.8% |
| INSM Insmed Inc. | 0.35% | 38,982 | $6.2M | Reduce -21.3% |
| RWL Invesco S&P 500 Revenue ETF | 0.34% | 51,759 | $6.1M | Add +6.6% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.34% | 27,979 | $6.1M | Reduce -2.4% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.34% | 74,420 | $6.1M | Reduce -54.4% |
| AMGN Amgen Inc. | 0.33% | 16,926 | $5.9M | Add +7.0% |
| GS Goldman Sachs Group Inc. | 0.32% | 6,105 | $5.7M | Reduce -10.6% |
| XMMO Invesco S&P Midcap Momentum | 0.32% | 40,159 | $5.7M | Add +7.9% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.31% | 11,292 | $5.6M | Add +0.2% |
| RWK Invesco S&P Midcap 400 Rev | 0.31% | 41,409 | $5.5M | Add +4.6% |
| SBUX Starbucks Corp. | 0.30% | 59,133 | $5.5M | Reduce -1.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.30% | 105,811 | $5.3M | Reduce -7.6% |
| IEMG iShares Core MSCI Emerging | 0.30% | 73,073 | $5.3M | Reduce -16.6% |
| AIRR First Trust Rba American Ind | 0.30% | 47,114 | $5.3M | Add +14.4% |
| MU Micron Technology Inc. | 0.29% | 13,289 | $5.1M | Reduce -8.5% |
| VWO Vanguard Ftse Emerging Marke | 0.28% | 90,070 | $5.0M | Reduce -1.9% |
| JNJ Johnson & Johnson | 0.28% | 23,388 | $5.0M | Reduce -18.6% |
| IVW iShares S&P 500 Growth ETF | 0.28% | 40,511 | $5.0M | Reduce -27.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.28% | 17,807 | $5.0M | Add +1.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.28% | 109,308 | $5.0M | Add +3.7% |
| COMT iShares Gsci Commodity Dynam | 0.28% | 196,662 | $5.0M | Reduce -1.1% |
| VSS Vanguard Ftse All Wo X-US SC | 0.27% | 32,890 | $4.8M | Add +5.3% |
| ABBV Abbvie Inc. | 0.26% | 20,779 | $4.7M | Reduce -0.4% |
| PCAR Paccar Inc. | 0.26% | 37,878 | $4.6M | Reduce -16.3% |
| FCX Freeport-McMoran Inc. | 0.26% | 74,837 | $4.6M | Add +80.7% |
| BLOK Amplify Blockchain Tech ETF | 0.25% | 80,004 | $4.6M | Reduce -1.1% |
| ISRG Intuitive Surgical Inc. | 0.25% | 8,592 | $4.5M | Reduce -0.5% |
| HAL Halliburton Co. | 0.25% | 132,030 | $4.5M | New |
| ILF iShares Latin America 40 ETF | 0.25% | 128,100 | $4.5M | New |
| IWY iShares Russell Top 200 Grow | 0.25% | 16,227 | $4.5M | Add +14.1% |
| PG The Procter & Gamble Co. | 0.25% | 30,030 | $4.5M | Reduce -2.6% |
| PLTR Palantir Technologies Inc. Class A | 0.25% | 26,189 | $4.4M | Reduce -5.3% |
| AVXL Anavex Life Sciences Corp. | 0.24% | 870,796 | $4.4M | Reduce -0.4% |
Other holdings (3): bonds, preferreds, convertibles and warrants · $32K (not counted above)
Total filed on the 13F, all lines: $1.8B.
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -1.3% | 6.42% | −0.48 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -54.4% | 0.34% | −0.36 |
| XLK SS Technology Select Sector | Reduce -44.0% | 0.47% | −0.34 |
| DELL Dell Technologies -C | Reduce -95.0% | 0.01% | −0.29 |
| NFLX Netflix Inc. | Reduce -54.3% | 0.12% | −0.26 |
| COIN Coinbase Global Inc. Class A | Reduce -51.5% | 0.11% | −0.24 |
| BLSH Bullish | Sold out | 0.00% | −0.23 |
| CRSP Crispr Therapeutics AG | Reduce -39.2% | 0.19% | −0.22 |
| FVD First Trust Value Line DVD | Sold out | 0.00% | −0.20 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -83.3% | 0.04% | −0.20 |
| AVXL Anavex Life Sciences Corp. | Reduce -0.4% | 0.24% | −0.20 |
| SAN Banco Santander SA-Spon ADR | Reduce -96.6% | 0.01% | −0.20 |
| LDOS Leidos Holdings Inc. | Reduce -90.2% | 0.02% | −0.18 |
| XLF SS Financial Select Sector | Reduce -58.1% | 0.13% | −0.17 |
| JPST JPMorgan Ultra-Short Income | Reduce -47.0% | 0.18% | −0.15 |
| FETH Fidelity Ethereum Fund | Reduce -79.8% | 0.02% | −0.14 |
| AAPL Apple Inc. | Reduce -5.8% | 3.66% | −0.14 |
| ANET Arista Networks Inc. | Reduce -90.4% | 0.01% | −0.14 |
| XLC SS Comm Select Sector SPDR | Reduce -62.0% | 0.09% | −0.13 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Reduce -65.4% | 0.07% | −0.13 |
| AVGO Broadcom Inc. | Reduce -3.6% | 1.61% | −0.13 |
| IVV iShares Core S&P 500 ETF | Reduce -12.3% | 1.61% | −0.12 |
| ETHE Grayscale Ethereum Staking E | Reduce -62.9% | 0.05% | −0.12 |
| ORCL Oracle Corp. | Reduce -13.3% | 0.18% | −0.12 |
| SHOP Shopify Inc. Class A | Reduce -21.4% | 0.24% | −0.12 |
| META Meta Platforms Inc. Class A | Reduce -5.9% | 0.92% | −0.11 |
| XLI SS Industrial Select Sector | Reduce -59.8% | 0.09% | −0.11 |
| QUAL iShares MSCI USA Quality Fac | Reduce -49.5% | 0.13% | −0.11 |
| INSM Insmed Inc. | Reduce -21.3% | 0.35% | −0.10 |
| GLW Corning Inc. | Reduce -39.5% | 0.23% | −0.10 |
| SNOW Snowflake Inc. | Reduce -87.4% | 0.01% | −0.10 |
| GSEW Goldman Sachs Eql WGHT Large | Sold out | 0.00% | −0.10 |
| GRAL Grail Inc. | Sold out | 0.00% | −0.10 |
| BBUS JPMorgan Betabuilders US Equ | Sold out | 0.00% | −0.09 |
| IVW iShares S&P 500 Growth ETF | Reduce -27.5% | 0.28% | −0.09 |
| JMST JPM Ultra-Short Muni Income | Sold out | 0.00% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -7.9% | 1.16% | −0.08 |
| EFV iShares MSCI Eafe Value ETF | Reduce -61.6% | 0.06% | −0.08 |
| XLY SS Consumer Disc Select Sect | Reduce -44.3% | 0.11% | −0.08 |
| ABT Abbott Laboratories | Reduce -37.0% | 0.10% | −0.07 |
| WGMI CS BTC Min Dig PWR ETF | Sold out | 0.00% | −0.07 |
| IGV iShares Expanded Tech-Softwa | Reduce -81.8% | 0.01% | −0.07 |
| VFQY Vanguard U.S. Quality Factor | Reduce -70.4% | 0.03% | −0.07 |
| FDN First Trust DJ Internet Ind | Reduce -77.4% | 0.02% | −0.07 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -45.7% | 0.07% | −0.06 |
| OEF iShares S&P 100 ETF | Reduce -38.6% | 0.10% | −0.06 |
| IBUY Amplify Online Retail ETF | Sold out | 0.00% | −0.05 |
| JMEE JPM Sma & Mid Cap En Eq Et-U | Sold out | 0.00% | −0.05 |
| GLD SPDR Gold Shares | Reduce -20.3% | 0.89% | −0.05 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -52.2% | 0.05% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| UPS United Parcel Service Class B | Add +86.6% | 0.66% | +0.38 |
| HON Honeywell International Inc. | Add +270.2% | 0.38% | +0.29 |
| AMZN Amazon.com Inc. | Add +0.2% | 2.16% | +0.25 |
| HAL Halliburton Co. | New | 0.25% | +0.25 |
| ILF iShares Latin America 40 ETF | New | 0.25% | +0.25 |
| SLB SLB Ltd. | New | 0.21% | +0.21 |
| GLDD Great Lakes Dredge & Dock Co. | New | 0.18% | +0.18 |
| NIKL Sprott Nickel Miners ETF | New | 0.18% | +0.18 |
| CNR Core Natural Resources Inc. | New | 0.17% | +0.17 |
| FCX Freeport-McMoran Inc. | Add +80.7% | 0.26% | +0.16 |
| SHLD Global X Defense Tech ETF | Add +389.6% | 0.18% | +0.15 |
| HII Huntington Ingalls Industrie | Add +0.3% | 0.41% | +0.14 |
| VXX Ipath Series B S&P 500 Vix | New | 0.13% | +0.13 |
| TAN Invesco Solar ETF | Add +226.2% | 0.16% | +0.12 |
| UFO Procure Space ETF | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 2.26% | +0.12 |
| BSV Vanguard Short-Term Bond ETF | Add +9.7% | 1.02% | +0.11 |
| BA The Boeing Co. | Add +2.9% | 0.68% | +0.11 |
| EW Edwards Lifesciences Corp. | Add +143.5% | 0.15% | +0.10 |
| GEV GE Vernova Inc. | Add +9.0% | 0.44% | +0.09 |
| SOLS Solstice Adv Materials Inc. | Add +1127.3% | 0.09% | +0.08 |
| BTU Peabody Energy Corp. | Add +39.3% | 0.21% | +0.08 |
| VXUS Vanguard Total Intl Stock | Add +9.2% | 0.47% | +0.08 |
| AIRR First Trust Rba American Ind | Add +14.4% | 0.30% | +0.08 |
| XLP SS Consumer Staples Sel Sect | Add +141.3% | 0.13% | +0.08 |
| BIV Vanguard Intermediate-Term B | Add +10.0% | 0.64% | +0.07 |
| AMGN Amgen Inc. | Add +7.0% | 0.33% | +0.07 |
| USB US Bancorp | Add +0.5% | 0.38% | +0.07 |
| BNDX Vanguard Total Intl Bond ETF | Add +10.3% | 0.68% | +0.07 |
| DRNZ Rex Drone ETF | New | 0.06% | +0.06 |
| XLB SS Materials Select Sector | Add +314.4% | 0.07% | +0.06 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +2.9% | 0.67% | +0.06 |
| DBC Invesco DB Commodity Index T | New | 0.05% | +0.05 |
| ASML ASML Holding NV-NY Reg SHS | Add +0.2% | 0.19% | +0.05 |
| VOO Vanguard S&P 500 ETF | Add +4.7% | 0.53% | +0.05 |
| RWL Invesco S&P 500 Revenue ETF | Add +6.6% | 0.34% | +0.05 |
| IXUS iShares Core Intl Stock ETF | Add +4.5% | 0.38% | +0.05 |
| IWD iShares Russell 1000 Value E | Add +1.7% | 0.57% | +0.05 |
| SPG Simon Property Group Inc. | New | 0.05% | +0.05 |
| WM Waste Management Inc. | Add +49.5% | 0.11% | +0.04 |
| XMMO Invesco S&P Midcap Momentum | Add +7.9% | 0.32% | +0.04 |
| IEZ iShares U.S. Oil Equipment & | New | 0.04% | +0.04 |
| SCHD Schwab US DVD Equity ETF | Add +2.5% | 0.38% | +0.04 |
| MDY State Street SPDR S&P Midcap | Add +101.7% | 0.08% | +0.04 |
| AVAV Aerovironment Inc. | New | 0.04% | +0.04 |
| VGK Vanguard Ftse Europe ETF | Add +100.3% | 0.07% | +0.04 |
| XLE SS Energy Select Sector | Add +24.5% | 0.13% | +0.04 |
| RWK Invesco S&P Midcap 400 Rev | Add +4.6% | 0.31% | +0.04 |
| NEM Newmont Corp. | Add +45.1% | 0.08% | +0.04 |
| STX Seagate Technology Holdings | Add +1.9% | 0.09% | +0.04 |
Notes & Other Activity Q3 2025 → Q4 2025
| OPENL Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 14,683 | $9K |
| OPENZ Opendoor Technologies Inc.-26 | *W EXP 11/20/202 | New | 14,683 | $8K |
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 | 681 | $2.0B | MSFT, AAPL, NVDA, QQQ, VUG |
| Q1 2026 | 618 | $1.7B | MSFT, AAPL, NVDA, VUG, VTV |
| Q4 2025 | 614 | $1.8B | MSFT, AAPL, NVDA, VUG, QQQ |
| Q3 2025Amended | 637 | $1.8B | MSFT, AAPL, NVDA, VUG, QQQ |
| Q2 2025Amended | 615 | $1.7B | MSFT, AAPL, NVDA, VUG, AMZN |
| Q1 2025 | 504 | $1.2B | MSFT, AAPL, VUG, AMZN, VTV |
| Q4 2024 | 593 | $1.6B | MSFT, AAPL, VUG, AMZN, QQQ |
| Q3 2024 | 624 | $1.6B | MSFT, AAPL, IVV, QQQ, VUG |
| Q2 2024 | 152 | $340.4M | AAPL, AMZN, BRK.B, GOOG, TSLA |
| Q1 2024 | 556 | $1.2B | MSFT, AAPL, VUG, IVV, VTV |