CA
CWA Asset Management Group, LLC — 13F Portfolio Breakdown & Top Holdings (Q3 2026)
CWA Asset Management Group, LLCCIK: 0001667134
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$3.4B
Reporting period: 2026-09-30 · Number of holdings: 763
CWA Asset Management Group, LLC disclosed 763 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $3.4B and a quarterly turnover rate of 20.2%.
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Personality snowflake
- Concentration
- 5.58
- Portfolio Stability
- 20.24
- Momentum
- 100
- Sector conviction
- 53.93
- Diversification
- 100
- Sizing Uniformity
- 70.11
CWA Asset Management Group, LLC's disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 72 equally-sized positions, well below its 763 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.99), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MSFT
+2.0% $31.1M
Trim TPL
-11.6% -$19.1M
Trim CLB
-90.5% -$18.8M
Add AAPL
-1.6% $22.9M
Add NVDA
-2.5% $23.3M
New buy EQX
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 763 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 6.76% | +0.48% | -2.45% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 5.75% | +0.50% | -1.56% | |
| 3 | MSFT | Microsoft CORP | Stock-Tech | 3.19% | +0.84% | +2.04% | |
| 4 | SHY | Ishares 1-3 Year Treasury Bo | ETF-Gov Bonds | 2.14% | +0.03% | +5.71% | |
| 5 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 1.90% | -0.13% | +2.25% | |
| 6 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.78% | +0.02% | -0.33% | |
| 7 | SCEC | Sterling Capital Enh Cb ETF | ETF-Other | 1.75% | -0.07% | +4.66% | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 1.59% | -0.10% | +0.30% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 1.56% | -0.08% | +1.93% | |
| 10 | TS | Tenaris Sa-adr | Stock-Other | 1.35% | -0.32% | -15.97% | |
| 11 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 1.33% | +0.10% | +9.76% | |
| 12 | RIG | Transocean Ltd. | Stock-Energy | 1.25% | -0.05% | -6.76% | |
| 13 | META | Meta Platforms Inc-class A | Stock-Comm Services | 1.21% | +0.24% | -0.20% | |
| 14 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.16% | -0.04% | +0.36% | |
| 15 | TPL | Texas Pacific Land CORP | Stock-Energy | 1.09% | -0.61% | -11.55% | |
| 16 | ERIE | Erie Indemnity Company-cl A | Stock-Financials | 1.06% | +0.39% | +80.69% | |
| 17 | JMST | JPM Ultra-short Muni Income | ETF-Other | 1.01% | +0.08% | +12.33% | |
| 18 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.98% | -0.01% | +0.95% | |
| 19 | GLD | Spdr Gold Shares | ETF-Commodities | 0.96% | -0.05% | -5.50% | |
| 20 | NE | Noble Corporation plc | Stock-Energy | 0.94% | +0.09% | +1.91% | |
| 21 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.88% | -0.06% | -1.32% | |
| 22 | AVGO | Broadcom Inc | Stock-Tech | 0.77% | -0.11% | -2.20% | |
| 23 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.77% | +0.01% | +1.07% | |
| 24 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 0.76% | -0.11% | -9.84% | |
| 25 | ABBV | Abbvie Inc | Stock-Healthcare | 0.67% | +0.01% | +0.36% | |
| 26 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.65% | +0.22% | -2.06% | |
| 27 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.64% | +0.22% | +30.25% | |
| 28 | V | Visa Inc-class A Shares | Stock-Financials | 0.64% | +0.01% | +0.27% | |
| 29 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.61% | +0.02% | +4.11% | |
| 30 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.60% | +0.02% | +5.92% | |
| 31 | SMMD | Ishares Russell 2500 ETF | ETF-Other | 0.59% | +0.02% | +13.83% | |
| 32 | BILS | Ss Spdrb B 3-12m T-bill ETF | ETF-Other | 0.57% | +0.01% | +5.28% | |
| 33 | SO | Southern Co/the | Stock-Utilities | 0.55% | -0.09% | +2.45% | |
| 34 | FTNT | Fortinet Inc | Stock-Tech | 0.54% | +0.33% | +126.90% | |
| 35 | CCJ | Cameco CORP | Stock-Energy | 0.53% | -0.11% | +0.48% | |
| 36 | MELI | Mercadolibre Inc | Stock-Consumer Disc | 0.52% | -0.07% | -10.12% | |
| 37 | SII | Sprott Inc | Stock-Other | 0.50% | +0.20% | +61.60% | |
| 38 | CAH | Cardinal Health Inc | Stock-Healthcare | 0.50% | -0.06% | -0.85% | |
| 39 | MO | Altria Group Inc | Stock-Consumer Staples | 0.49% | +0.01% | +12.69% | |
| 40 | LRCX | Lam Research CORP | Stock-Tech | 0.48% | -0.14% | +4.94% | |
| 41 | EQX | Equinox Gold CORP | Stock-Other | 0.47% | +0.47% | NEW | |
| 42 | DE | Deere & Co | Stock-Industrials | 0.47% | +0.01% | +0.37% | |
| 43 | GLW | Corning Inc | Stock-Tech | 0.45% | -0.31% | +1.74% | |
| 44 | AGI | Alamos Gold Inc-class A | Stock-Materials | 0.44% | +0.12% | +34.55% | |
| 45 | RS | Reliance Inc | Stock-Materials | 0.44% | -0.05% | -9.42% | |
| 46 | DUK | Duke Energy CORP | Stock-Utilities | 0.44% | -0.07% | -0.15% | |
| 47 | GS | Goldman Sachs Group Inc | Stock-Financials | 0.44% | -0.07% | +0.22% | |
| 48 | MOS | Mosaic Co/the | Stock-Materials | 0.42% | +0.19% | +84.01% | |
| 49 | GRMN | Garmin Ltd. | Stock-Tech | 0.39% | +0.06% | -0.45% | |
| 50 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 0.38% | +0.08% | +11.23% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
+1.3%
Performance Last 4 Quarters
+9.7%
- Stdev
- +9.9%
- Beta
- +0.74
- Alpha
- +2.7%
- Max Drawdown
- -5%
- Annualized Perf
- +20.3%
- Batting Avg vs S&P
- +50%
- Sortino
- +4.02
- Stutzer
- +0.55
- Treynor
- +0.26
- Sterling
- +1.46
- Calmar
- +4.09
- Information Ratio
- -0.62
- Tracking Error
- +5.2%
- Stdev Down
- +4.7%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +31.6%
- Worst 12 Months
- +9.7%
- Efficiency Ratio
- +0.76
- Sharpe
- +1.93
- Stdev Sectors
- +9%
- Skewness
- -0.33
- Kurtosis
- -0.21
- Upside Potential
- +5.45
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 763 | $3.4B | 20 | ||
| 2026 Q2 | 729 | $3.3B | 31 | ||
| 2026 Q1 | 699 | $2.9B | 32 | ||
| 2025 Q4 | 643 | $2.8B | 24 | ||
| 2025 Q3 | 660 | $2.7B | 44 | ||
| 2025 Q2 | 639 | $2.4B | 0 | ||
| 2025 Q1 | 600 | $2.1B | 100 | ||
| 2024 Q4 | 559 | $2.0B | 0 | ||
| 2024 Q3 | 567 | $1.9B | 0 | ||
| 2024 Q1 | 533 | $1.6B | 0 | ||
| 2023 Q4 | 416 | $1.5B | 0 | ||
| 2023 Q3 | 355 | $1.4B | 0 | ||
| 2023 Q2 | 356 | $1.5B | 0 | ||
| 2023 Q1 | 320 | $1.3B | 0 | ||
| 2022 Q4 | 317 | $1.2B | 0 | ||
| 2022 Q3 | 301 | $1.0B | 0 | ||
| 2022 Q2 | 300 | $1.1B | 0 | ||
| 2022 Q1 | 295 | $1.3B | 0 | ||
| 2021 Q4 | 311 | $1.4B | 0 | ||
| 2021 Q3 | 288 | $1.3B | 0 | ||
| 2021 Q2 | 274 | $1.2B | 94 | ||
| 2021 Q1 | 273 | $1.1B | 37 | ||
| 2020 Q4 | 265 | $954.2M | 40 | ||
| 2020 Q3 | 226 | $748.3M | 36 | ||
| 2020 Q2 | 214 | $571.0M | 37 | ||
| 2020 Q1 | 230 | $524.9M | 47 | ||
| 2019 Q4 | 241 | $620.2M | 17 | ||
| 2019 Q3 | 225 | $623.4M | 24 | ||
| 2019 Q2 | 235 | $583.6M | 19 | ||
| 2019 Q1 | 221 | $518.3M | 35 | ||
| 2018 Q4 | 201 | $429.2M | 22 | ||
| 2018 Q3 | 208 | $452.5M | 17 | ||
| 2018 Q2 | 209 | $428.3M | 28 | ||
| 2018 Q1 | 190 | $406.1M | 20 | ||
| 2017 Q4 | 176 | $378.2M | 22 | ||
| 2017 Q3 | 170 | $343.5M | 20 | ||
| 2017 Q2 | 167 | $315.5M | 29 | ||
| 2017 Q1 | 162 | $293.0M | 38 | ||
| 2016 Q4 | 161 | $234.2M | 46 | ||
| 2016 Q3 | 138 | $180.3M | 20 | ||
| 2016 Q2 | 138 | $163.8M | 54 | ||
| 2016 Q1 | 77 | $97.8M | 79 | ||
| 2015 Q4 | 137 | $88.9M | 0 |
Holding changes this quarter
CWA Asset Management Group, LLC's most significant position changes for 2026-09-30: New buy: Equinox Gold CORP (EQX); Sold out: Orla Mining LTD (ORLA); New buy: Cf Industries Holdings Inc (CF); New buy: Hartfor Strateg Income Etf-u (HFSI); New buy: Riley Exploration Permian In (REPX).
Showing top 200 changes by size (of 742 total)
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MSFT | Microsoft CORP | +0.8% | +2.04% | Add |
| 2 | AAPL | Apple Inc | +0.5% | -1.56% | Trim |
| 3 | NVDA | Nvidia CORP | +0.5% | -2.45% | Trim |
| 4 | EQX | Equinox Gold CORP | +0.5% | NEW | New buy |
| 5 | ERIE | Erie Indemnity Company-cl A | +0.4% | +80.69% | Add |
| 6 | FTNT | Fortinet Inc | +0.3% | +126.90% | Add |
| 7 | CF | Cf Industries Holdings Inc | +0.3% | NEW | New buy |
| 8 | HFSI | Hartfor Strateg Income Etf-u | +0.3% | NEW | New buy |
| 9 | META | Meta Platforms Inc-class A | +0.2% | -0.20% | Trim |
| 10 | PLTR | Palantir Technologies Inc-a | +0.2% | -2.06% | Trim |
| 11 | WPM | Wheaton Precious Metals CORP | +0.2% | +30.25% | Add |
| 12 | SII | Sprott Inc | +0.2% | +61.60% | Add |
| 13 | MOS | Mosaic Co/the | +0.2% | +84.01% | Add |
| 14 | REPX | Riley Exploration Permian In | +0.2% | NEW | New buy |
| 15 | ✓ | +0.2% | +198.70% | Add | |
| 16 | KRT | Karat Packaging Inc | +0.2% | +35.92% | Add |
| 17 | SNDK | Sandisk CORP | +0.1% | +418.62% | Add |
| 18 | OKTA | Okta Inc | +0.1% | NEW | New buy |
| 19 | AGI | Alamos Gold Inc-class A | +0.1% | +34.55% | Add |
| 20 | MAS | Masco CORP | +0.1% | NEW | New buy |
| 21 | HAFN | Hafnia Limited | +0.1% | +46.58% | Add |
| 22 | NOBL | Proshares S&p 500 Dividend A | +0.1% | NEW | New buy |
| 23 | GILD | Gilead Sciences Inc | +0.1% | +24.04% | Add |
| 24 | VTI | Vanguard Total Stock Mkt ETF | +0.1% | +9.76% | Add |
| 25 | EOG | Eog Resources Inc | +0.1% | +665.03% | Add |
| 26 | NE | Noble Corporation plc | +0.1% | +1.91% | Add |
| 27 | GDDY | Godaddy Inc - Class A | +0.1% | NEW | New buy |
| 28 | JMST | JPM Ultra-short Muni Income | +0.1% | +12.33% | Add |
| 29 | AEM | Agnico Eagle Mines LTD | +0.1% | +11.23% | Add |
| 30 | VLO | Valero Energy CORP | +0.1% | +8.66% | Add |
| 31 | FORM | Formfactor Inc | +0.1% | NEW | New buy |
| 32 | EVC | Entravision Communications-a | +0.1% | NEW | New buy |
| 33 | DLO | DLocal Limited | +0.1% | NEW | New buy |
| 34 | GRMN | Garmin Ltd. | +0.1% | -0.45% | Trim |
| 35 | THC | Tenet Healthcare CORP | +0.1% | +8.77% | Add |
| 36 | UGI | Ugi CORP | +0.1% | +153.52% | Add |
| 37 | CBL | Cbl & Associates Properties | +0.1% | NEW | New buy |
| 38 | NTR | Nutrien LTD | +0.1% | +79.89% | Add |
| 39 | AMN | Amn Healthcare Services Inc | +0.1% | NEW | New buy |
| 40 | GCT | GigaCloud Technology Inc. | +0.1% | +10.73% | Add |
| 41 | TRV | Travelers Cos Inc/the | +0.1% | +158.43% | Add |
| 42 | VTRS | Viatris Inc | +0.1% | NEW | New buy |
| 43 | BTI | British American Tob-sp Adr | +0.1% | +64.11% | Add |
| 44 | SB | Safe Bulkers, Inc. | +0.1% | NEW | New buy |
| 45 | EMBC | Embecta CORP | +0.1% | +43.44% | Add |
| 46 | OIH | Vaneck Oil Services ETF | +0.1% | +16.40% | Add |
| 47 | VXUS | Vanguard Total Intl Stock | +0.1% | +66.11% | Add |
| 48 | CVX | Chevron CORP | 0% | -0.20% | Trim |
| 49 | RNG | Ringcentral Inc-class A | 0% | -6.13% | Trim |
| 50 | XOM | Exxon Mobil CORP | 0% | +1.45% | Add |
1–50 of 200
Filing History
FAQ
What is CWA Asset Management Group, LLC and what type of investor is it?
CWA Asset Management Group, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $3.4B, spread across 763 disclosed positions.
What are CWA Asset Management Group, LLC's largest equity positions?
Based on the latest 13F filing, CWA Asset Management Group, LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $229.2M (6.8%)
2. Apple Inc (AAPL) — $195.0M (5.8%)
3. Microsoft CORP (MSFT) — $108.2M (3.2%)
4. Ishares 1-3 Year Treasury Bo (SHY) — $72.4M (2.1%)
5. Vanguard Int-term Corporate (VCIT) — $64.4M (1.9%)
What changes did CWA Asset Management Group, LLC make in its most recent portfolio filing?
In the latest reported quarter, CWA Asset Management Group, LLC made 199 notable position adjustments: 22 new positions were initiated, 104 existing holdings were added to, 60 positions were partially reduced, and 13 were completely exited. The largest of these moves: New buy: Equinox Gold CORP (EQX); Sold out: Orla Mining LTD (ORLA); New buy: Cf Industries Holdings Inc (CF); New buy: Hartfor Strateg Income Etf-u (HFSI); New buy: Riley Exploration Permian In (REPX)
What sectors does CWA Asset Management Group, LLC focus on?
CWA Asset Management Group, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.3%
• Financials: 11.3%
• Energy: 9.0%
• Consumer Discretionary: 7.9%
• Health Care: 7.7%
• Communication Services: 7.3%
Investment Profile
CWA Asset Management Group, LLC returned an annualized 20.3% over the trailing 36 months — outperforming the S&P 500 by 2.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.74 (less volatile than the market) and a 50% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 36.3% of the portfolio concentrated in Information Technology.
Its turnover score has fallen from 44 to 20 over the past 4 quarters — a shift toward longer holding periods.
It has added to its NVDA position over the past two quarters (+$50.3M, now $229.2M), while trimming CLB over the same stretch (-$27.6M, still holding $1.6M).
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Developer Access
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REST API
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