Denver PWM, LLC — Q4 2025 13F Holdings

Name: Denver PWM, LLC — 13F Holdings, Q4 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001657980

Total reported value

$290.9M

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Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SCHG	Schwab US Large-cap Growth	ETF-Other	10.53%	-1.83%	—
2	SCHV	Schwab US Large-cap Value	ETF-Other	6.12%	-0.26%	—
3	SCHM	Schwab US Mid Cap ETF	ETF-Other	6.10%	-0.02%	—
4	SCHF	Schwab Intl Equity ETF	ETF-Other	5.98%	-1.17%	—
5	IBTG	Ishares Ibonds Dec 2026 Term	ETF-Other	5.98%	-0.72%	—
6	IBTI	Ishares Ibonds Dec 2028 Term	ETF-Other	5.60%	-0.52%	—
7	IBTH	Ishares Ibonds Dec 2027 Term	ETF-Other	5.58%	+0.37%	—
8	TOTL	Ss Doubleline Tr Tact ETF	ETF-Other	5.33%	-0.93%	—
9	HEFA	Isha Curr Hedged Msci Eafe	ETF-Other	5.13%	-0.02%	—
10	IBTJ	Ishares Ibonds Dec 2029 Term	ETF-Other	5.05%	-0.03%	—
11	JAAA	Janus Henderson Aaa Clo ETF	ETF-Other	3.82%	-0.55%	—
12	SMLF	Ishares US Smallcap Equity F	ETF-Other	2.98%	+0.01%	—
13	VOO	Vanguard S&p 500 ETF	ETF-Large Cap & Growth	2.65%	-0.23%	—
14	IJK	Ishares S&p Mid-cap 400 Grow	ETF-Other	2.48%	—	—
15	BOND	Pimco Active Bond Exchange-t	ETF-Other	2.10%	-0.37%	—
16	JAVA	Jpmorgan Active Value ETF	ETF-Other	1.85%	-0.47%	—
17	SCHX	Schwab US Large-cap ETF	ETF-Other	1.59%	+0.25%	—
18	AAPL	Apple INC	Stock-Tech	1.26%	+0.52%	—
19	EMXC	Ishares Msci Emr Mrk Ex Chna	ETF-Other	1.15%	+0.28%	—
20	IUSV	Ishares Core S&p U.s. Value	ETF-Other	1.04%	-0.31%	—
21	MSFT	Microsoft CORP	Stock-Tech	1.03%	-0.19%	—
22	NVDA	Nvidia CORP	Stock-Tech	0.88%	-0.31%	—
23	IPAC	Ishares Core Msci Pacific Et	ETF-Other	0.87%	-0.06%	—
24	ANGL	Vaneck Fallen Angel High Yld	ETF-Other	0.82%	-0.82%	EXIT
25	IEFA	Ishares Core Msci Eafe ETF	ETF-Other	0.81%	-0.27%	—
26	IWR	Ishares Russell Mid-cap ETF	ETF-Other	0.81%	-0.17%	—
27	ORCL	Oracle CORP	Stock-Tech	0.77%	-0.20%	—
28	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.77%	—	—
29	HELO	Jpmorgan Hedged Equity ETF	ETF-Other	0.77%	-0.42%	—
30	EFA	Ishares Msci Eafe ETF	ETF-Other	0.75%	—	—
31	COST	Costco Wholesale CORP	Stock-Consumer Staples	0.74%	—	—
32	SCHA	Schwab US Small-cap ETF	ETF-Other	0.69%	-0.18%	—
33	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.62%	-0.62%	EXIT
34	NMAX	Newsmax INC	Stock-Other	0.54%	-0.31%	—
35	CAT	Caterpillar INC	Stock-Industrials	0.54%	+0.61%	—
36	IWB	Ishares Russell 1000 ETF	ETF-Other	0.37%	—	—
37	IUSG	Ishares Core S&p U.s. Growth	ETF-Other	0.35%	-0.16%	—
38	XOM	Exxon Mobil CORP	Stock-Energy	0.34%	+0.12%	—
39	AMZN	Amazon.com INC	Stock-Consumer Disc	0.29%	—	—
40	JBBB	Janus Henderson B-bbb Clo Et	ETF-Other	0.29%	+0.33%	—
41	VZ	Verizon Communications INC	Stock-Comm Services	0.29%	—	—
42	SCHB	Schwab US Broad Market ETF	ETF-Other	0.23%	—	—
43	VB	Vanguard Small-cap ETF	ETF-Other	0.21%	—	—
44	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.19%	—	—
45	VUG	Vanguard Growth ETF	ETF-Other	0.18%	—	—
46	IBM	Intl Business Machines CORP	Stock-Tech	0.18%	—	—
47	JPM	Jpmorgan Chase & Co	Stock-Financials	0.17%	—	—
48	TSLA	Tesla INC	Stock-Consumer Disc	0.17%	—	—
49	DIS	Walt Disney Co/the	Stock-Comm Services	0.17%	—	—
50	HD	Home Depot INC	Stock-Consumer Disc	0.16%	—	—

1–50 of 76

Holding changes this quarter

Position changes disclosed by Denver PWM, LLC for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	SCHG	Schwab US Large-cap Growth	+0.7%	—	Unchanged
2	IBTG	Ishares Ibonds Dec 2026 Term	+0.4%	—	Unchanged
3	IBTH	Ishares Ibonds Dec 2027 Term	+0.4%	—	Unchanged
4	IBTI	Ishares Ibonds Dec 2028 Term	+0.4%	—	Unchanged
5	HEFA	Isha Curr Hedged Msci Eafe	+0.4%	—	Unchanged
6	TOTL	Ss Doubleline Tr Tact ETF	+0.4%	—	Unchanged
7	IBTJ	Ishares Ibonds Dec 2029 Term	+0.3%	—	Unchanged
8	JAAA	Janus Henderson Aaa Clo ETF	+0.3%	—	Unchanged
9	SMLF	Ishares US Smallcap Equity F	+0.2%	—	Unchanged
10	VOO	Vanguard S&p 500 ETF	+0.2%	—	Unchanged
11	IJK	Ishares S&p Mid-cap 400 Grow	+0.2%	—	Unchanged
12	BOND	Pimco Active Bond Exchange-t	+0.1%	—	Unchanged
13	SCHX	Schwab US Large-cap ETF	+0.1%	—	Unchanged
14	AAPL	Apple INC	+0.1%	—	Unchanged
15	IUSV	Ishares Core S&p U.s. Value	+0.1%	—	Unchanged
16	MSFT	Microsoft CORP	+0.1%	—	Unchanged
17	EMXC	Ishares Msci Emr Mrk Ex Chna	+0.1%	—	Unchanged
18	IPAC	Ishares Core Msci Pacific Et	+0.1%	—	Unchanged
19	NVDA	Nvidia CORP	+0.1%	—	Unchanged
20	IVV	Ishares Core S&p 500 ETF	+0.1%	—	Unchanged
21	SCHA	Schwab US Small-cap ETF	+0.1%	—	Unchanged
22	COST	Costco Wholesale CORP	+0.1%	—	Unchanged
23	EFA	Ishares Msci Eafe ETF	+0.1%	—	Unchanged
24	ORCL	Oracle CORP	+0.1%	—	Unchanged
25	CAT	Caterpillar INC	0%	—	Unchanged
26	QQQ	Invesco Qqq Trust Series 1	0%	—	Unchanged
27	VB	Vanguard Small-cap ETF	0%	—	Unchanged
28	JBBB	Janus Henderson B-bbb Clo Et	0%	—	Unchanged
29	IUSG	Ishares Core S&p U.s. Growth	0%	—	Unchanged
30	TSLA	Tesla INC	0%	—	Unchanged
31	VUG	Vanguard Growth ETF	0%	—	Unchanged
32	VTV	Vanguard Value ETF	0%	—	Unchanged
33	GE	General Electric	0%	—	Unchanged
34	IVE	Ishares S&p 500 Value ETF	0%	—	Unchanged
35	WMT	Walmart INC	0%	—	Unchanged
36	GOOG	Alphabet Inc-cl C	0%	—	Unchanged
37	IEMG	Ishares Core Msci Emerging	0%	—	Unchanged
38	META	Meta Platforms Inc-class A	0%	—	Unchanged
39	AVGO	Broadcom INC	0%	—	Unchanged
40	BMY	Bristol-myers Squibb Co	0%	—	Unchanged
41	TXN	Texas Instruments INC	0%	—	Unchanged
42	BA	Boeing Co/the	0%	—	Unchanged
43	JPM	Jpmorgan Chase & Co	0%	—	Unchanged
44	CVS	Cvs Health CORP	0%	—	Unchanged
45	GILD	Gilead Sciences INC	—	—	Unchanged
46	IJH	Ishares Core S&p Midcap ETF	—	—	Unchanged
47	SPMD	Ss Spdr P S&p 400 Midcap ETF	—	—	Unchanged
48	WFC	Wells Fargo & Co	—	—	Unchanged
49	TLT	iShares 20+ Year Treasury Bond ETF	—	EXIT	Sold out
50	IBHE	Ishares Ibonds 2025 H/y INC	—	EXIT	Sold out