CIK: 0002114795
Total reported value
$131.8M
Reporting period: 2026-03-31 · Number of holdings: 408
Gunpowder Capital Management, LLC dba Oliver Wealth Management disclosed 408 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $131.8M and a quarterly turnover rate of 14.1%.
Browse other institutions with $100M to $1B AUMBrowse other institutions starting with "G"
Gunpowder Capital Management, LLC dba Oliver Wealth Management's disclosed holdings carry a Herfindahl concentration index of 0.045 — mathematically equivalent to about 22 equally-sized positions, well below its 408 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 4.18), 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.
Sector classification currently covers about 31% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add DCOR
+28.5% $2.2M
Add DFAC
+20.1% $1.9M
Add DFIC
+23.2% $1.3M
Trim AAPL
-0.5% -$785.1K
Add GLD
+0.5% $1.1M
Trim MSFT
-7.1% -$661.8K
Showing top 200 holdings (of 408 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 10.39% | +0.62% | +0.52% | |
| 2 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 9.45% | +1.22% | +20.08% | |
| 3 | DCOR | Dimensional US Core Eq 1 ETF | ETF-Other | 8.28% | +1.53% | +28.48% | |
| 4 | AAPL | Apple INC | Stock-Tech | 7.74% | -0.81% | -0.53% | |
| 5 | DFIC | Dimensional International Co | ETF-Other | 4.65% | +0.90% | +23.20% | |
| 6 | IAU | Ishares Gold Trust | ETF-Commodities | 4.23% | +0.22% | -0.31% | |
| 7 | CGDV | Cap Group Dividend Value | ETF-Other | 3.97% | -0.04% | +4.16% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 3.65% | -0.31% | -0.78% | |
| 9 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 3.16% | -0.26% | +0.89% | |
| 10 | META | Meta Platforms Inc-class A | Stock-Comm Services | 2.81% | -0.51% | -0.03% | |
| 11 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 2.40% | +0.52% | +25.72% | |
| 12 | WMT | Walmart INC | Stock-Consumer Staples | 2.37% | +0.13% | -2.87% | |
| 13 | CGGR | Cap Group Growth Equity | ETF-Other | 2.18% | — | +10.16% | |
| 14 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 2.14% | -0.53% | — | |
| 15 | XLE | Ss Energy Select Sector | ETF-Other | 1.45% | +0.35% | -0.87% | |
| 16 | AVGO | Broadcom INC | Stock-Tech | 1.36% | -0.30% | -5.69% | |
| 17 | SPYM | Ste Str Spdr Pt S&p 500 ETF | ETF-Large Cap & Growth | 1.36% | -0.33% | -13.12% | |
| 18 | MSFT | Microsoft CORP | Stock-Tech | 1.24% | -0.54% | -7.07% | |
| 19 | SLV | Ishares Silver Trust | ETF-Commodities | 1.14% | +0.03% | -0.74% | |
| 20 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 1.10% | -0.17% | -7.39% | |
| 21 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 1.04% | -0.15% | -5.97% | |
| 22 | XOM | Exxon Mobil CORP | Stock-Energy | 1.02% | +0.27% | -1.74% | |
| 23 | NVDA | Nvidia CORP | Stock-Tech | 0.99% | -0.09% | — | |
| 24 | DFAI | Dimensional International Co | ETF-Other | 0.91% | -0.06% | -5.98% | |
| 25 | ETHA | Ishares Ethereum Trust ETF | ETF-Other | 0.85% | +0.36% | +151.21% | |
| 26 | MDY | State Street Spdr S&p Midcap | ETF-Other | 0.69% | — | — | |
| 27 | RSPT | Invesco S&p 500 Equal Weight | ETF-Large Cap & Growth | 0.64% | — | -1.07% | |
| 28 | BABA | Alibaba Group Holding-sp Adr | Stock-Consumer Disc | 0.60% | -0.10% | +4.05% | |
| 29 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.58% | -0.07% | — | |
| 30 | UPS | United Parcel Service-cl B | Stock-Industrials | 0.55% | -0.05% | -5.56% | |
| 31 | SPDW | Ste Str Spdr Pt Dw EU ETF | ETF-Other | 0.53% | -0.08% | -13.98% | |
| 32 | AKRE | Akre Focus ETF | ETF-Other | 0.50% | -0.13% | — | |
| 33 | DFAE | Dimensional Emerging Core Eq | ETF-Emerging Markets | 0.49% | — | -5.62% | |
| 34 | DFCF | Dimensional Core Fixed INC | ETF-Other | 0.47% | — | -3.48% | |
| 35 | BX | Blackstone INC | Stock-Financials | 0.43% | -0.16% | — | |
| 36 | SPAB | Ss Spdr P Agg Bond ETF | ETF-Other | 0.43% | -0.05% | -8.27% | |
| 37 | V | Visa Inc-class A Shares | Stock-Financials | 0.39% | -0.07% | — | |
| 38 | AMZN | Amazon.com INC | Stock-Consumer Disc | 0.36% | -0.05% | — | |
| 39 | FXL | First Trust Technology Alpha | ETF-Tech | 0.36% | — | — | |
| 40 | CEG | Constellation Energy | Stock-Utilities | 0.36% | +0.17% | +145.12% | |
| 41 | FXI | Ishares China Large-cap ETF | ETF-Emerging Markets | 0.34% | — | +6.78% | |
| 42 | SPSM | Ss Spdr P S&p 600 Small Cap | ETF-Small Cap | 0.32% | — | -11.81% | |
| 43 | HD | Home Depot INC | Stock-Consumer Disc | 0.28% | -0.05% | -8.51% | |
| 44 | NEM | Newmont CORP | Stock-Materials | 0.27% | — | -1.47% | |
| 45 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.27% | +0.06% | +33.95% | |
| 46 | TEM | Tempus Ai Inc-cl A | Stock-Healthcare | 0.22% | — | +30.00% | |
| 47 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 0.21% | — | — | |
| 48 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.20% | — | -9.40% | |
| 49 | MA | Mastercard INC - A | Stock-Financials | 0.19% | — | — | |
| 50 | TSLA | Tesla INC | Stock-Consumer Disc | 0.19% | -0.05% | — |
Performance for Q3 2026
-0.2%
Performance Last 4 Quarters
-0.8%
Based on 5 months of available history
Based on 67% of reported portfolio value with available pricing
Gunpowder Capital Management, LLC dba Oliver Wealth Management's most significant position changes for 2026-03-31: New buy: Hedgeye Fourth Turning ETF (HEFT); Sold out: Zevra Therapeutics INC (ZVRA); New buy: Dimensional US Small Cap Val (DFSV); Add: Dimensional US Core Eq 1 ETF (DCOR) — shares +28.48%; Add: Dimensional US Core Equity 2 (DFAC) — shares +20.08%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DCOR | Dimensional US Core Eq 1 ETF | +1.5% | +28.48% | Add |
| 2 | DFAC | Dimensional US Core Equity 2 | +1.2% | +20.08% | Add |
| 3 | DFIC | Dimensional International Co | +0.9% | +23.20% | Add |
| 4 | GLD | Spdr Gold Shares | +0.6% | +0.52% | Add |
| 5 | DFEM | Dimensional Emrg Mrkt Core | +0.5% | +25.72% | Add |
| 6 | ETHA | Ishares Ethereum Trust ETF | +0.4% | +151.21% | Add |
| 7 | XLE | Ss Energy Select Sector | +0.4% | -0.87% | Trim |
| 8 | XOM | Exxon Mobil CORP | +0.3% | -1.74% | Trim |
| 9 | IAU | Ishares Gold Trust | +0.2% | -0.31% | Trim |
| 10 | CEG | Constellation Energy | +0.2% | +145.12% | Add |
| 11 | WMT | Walmart INC | +0.1% | -2.87% | Trim |
| 12 | IWM | Ishares Russell 2000 ETF | +0.1% | +33.95% | Add |
| 13 | EXC | Exelon CORP | +0.1% | +73.06% | Add |
| 14 | DFAW | Dimensional World Eqty ETF | +0.1% | +780.28% | Add |
| 15 | MTZ | Mastec INC | +0.1% | — | Unchanged |
| 16 | SLV | Ishares Silver Trust | 0% | -0.74% | Trim |
| 17 | CGDV | Cap Group Dividend Value | 0% | +4.16% | Add |
| 18 | SPEM | State Street Sp Ptf Em ETF | 0% | -17.55% | Trim |
| 19 | MLI | Mueller Industries INC | -0.1% | -34.94% | Trim |
| 20 | ZETA | Zeta Global Holdings Corp-a | -0.1% | -73.09% | Trim |
| 21 | SPAB | Ss Spdr P Agg Bond ETF | -0.1% | -8.27% | Trim |
| 22 | TSLA | Tesla INC | -0.1% | — | Unchanged |
| 23 | HD | Home Depot INC | -0.1% | -8.51% | Trim |
| 24 | AMZN | Amazon.com INC | -0.1% | — | Unchanged |
| 25 | UPS | United Parcel Service-cl B | -0.1% | -5.56% | Trim |
| 26 | PYPL | Paypal Holdings INC | -0.1% | -52.52% | Trim |
| 27 | DFAI | Dimensional International Co | -0.1% | -5.98% | Trim |
| 28 | V | Visa Inc-class A Shares | -0.1% | — | Unchanged |
| 29 | GOOGL | Alphabet Inc-cl A | -0.1% | — | Unchanged |
| 30 | USB | US Bancorp | -0.1% | -34.73% | Trim |
| 31 | SPDW | Ste Str Spdr Pt Dw EU ETF | -0.1% | -13.98% | Trim |
| 32 | NVDA | Nvidia CORP | -0.1% | — | Unchanged |
| 33 | JD | Jd.com Inc-adr | -0.1% | -69.85% | Trim |
| 34 | BABA | Alibaba Group Holding-sp Adr | -0.1% | +4.05% | Add |
| 35 | CI | THE Cigna Group | -0.1% | -34.89% | Trim |
| 36 | AKRE | Akre Focus ETF | -0.1% | — | Unchanged |
| 37 | BRK-B | Berkshire Hathaway Inc-cl B | -0.2% | -5.97% | Trim |
| 38 | BX | Blackstone INC | -0.2% | — | Unchanged |
| 39 | DFUS | Dimensional US Eq Mkt ETF | -0.2% | -7.39% | Trim |
| 40 | QQQ | Invesco Qqq Trust Series 1 | -0.3% | +0.89% | Add |
| 41 | AVGO | Broadcom INC | -0.3% | -5.69% | Trim |
| 42 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.3% | -0.78% | Trim |
| 43 | SPYM | Ste Str Spdr Pt S&p 500 ETF | -0.3% | -13.12% | Trim |
| 44 | META | Meta Platforms Inc-class A | -0.5% | -0.03% | Trim |
| 45 | PLTR | Palantir Technologies Inc-a | -0.5% | — | Unchanged |
| 46 | MSFT | Microsoft CORP | -0.5% | -7.07% | Trim |
| 47 | AAPL | Apple INC | -0.8% | -0.53% | Trim |
| 48 | HEFT | Hedgeye Fourth Turning ETF | — | NEW | New buy |
| 49 | ZVRA | Zevra Therapeutics INC | — | EXIT | Sold out |
| 50 | DFSV | Dimensional US Small Cap Val | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-14 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-03-05 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0002021982
Total reported value
$131.8M
96 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0002111830
Total reported value
$131.9M
378 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0002112081
Total reported value
$131.9M
138 stks
2026-06-30
AUM within 0.0% of this institution
Institutions with overlapping top holdings
CIK 0001536230
Total reported value
$107.8M
24 stks
2026-03-31
3 of the top 5 holdings overlap, including Dimensional US Core Equity 2
CIK 0001582112
Total reported value
$647.9M
113 stks
2026-03-31
3 of the top 5 holdings overlap, including Dimensional International Co
CIK 0001765884
Total reported value
$158.9M
348 stks
2024-12-31
Stale — no recent filing
3 of the top 5 holdings overlap, including Dimensional International Co