DOSSIER · 13F-HR · Q2 2026

Denver PWM, LLC

$306M in tracked AUM across 89 positions as of Q2 2026.

DP
CIK 0001657980 · last filed Jun 30, 2026
Total AUM
$306M
as of Q2 2026
Holdings
89
positions
Whale Score
57
57
tracked
Activity
no data
changes this Q
AI Analysis · Q2 2026

Denver PWM LLC's $290M, 87-name 13F is a compact multi-factor ETF allocation whose top positions — Schwab U.S. Large-Cap Growth (SCHG, 8.7%), Schwab U.S. Mid-Cap (SCHM, 6.1%), iShares Inflation-Adjusted TIPS/Bond series (IBTH, 5.9%; IBTG, 5.3%; IBTI, 5.1%; IBTJ, 5.0%; IBTK, 4.7%), and Schwab U.S. Large-Cap Value (SCHV, 5.9%) — together span a complete factor-based equity and fixed-income framework. The IBT* series of short-duration and inflation-adjusted bond vehicles occupies approximately 26% of the book alone, suggesting the manager is running a duration-and-inflation-sensitive fixed-income sleeve through ETF wrappers. Of the top 50 holdings, approximately 59% of AUM is allocated through ETFs. Individual equity positions appear at de minimis weights — Apple (AAPL, 1.8%) is the largest single-stock commitment, followed by Caterpillar (1.1%), Microsoft (0.8%), COST (0.8%), and SPMO (0.8%) — all held at sub-2% weights in a portfolio where the three largest positions alone command 21%. The Q1 initiations (IBTH, IBTG, IBTI, IBTJ, IBTK, SPMO) are all ETF or factor-vehicle additions, confirming Q1 was a vehicle-rebalancing event within a passive factor framework. With whaleScore of 57 on an 87-name book and 59% of top-50 AUM in ETFs, this entity should be classified passive_index.

SCHG (large-cap growth), SCHM (mid-cap), SCHV (large-cap value) together span the three canonical U.S. equity style factors at a total of approximately 21% of the book. The IBT* series — five separate iShares vehicles with different duration or inflation-adjusted mandates — together run approximately 26% of the fund in fixed-income factor exposure. HEFA at 5.1% likely provides a hedged-equity or international-equity ETF overlay. The combined framework is a complete factor-based asset allocation expressed through Schwab and iShares vehicles, with no fundamental name-selection evidence at the equity layer.

The Single-Stock Residual
Analysis generated by 13F Insight from SEC Form 13F filing data · Q2 2026. Methodology

Quarter at a glance — Q2 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q2 2026.

#HoldingValueSharesWeight
01
SCHG
SCHWAB STRATEGIC TR
$26M737K8.6%
02
SCHV
SCHWAB STRATEGIC TR
$19M532K6.2%
03
SCHM
SCHWAB STRATEGIC TR
$19M513K6.2%
04
IBTH
ISHARES TR
$18M821K6.0%
05
HEFA
ISHARES TR
$17M345K5.4%
06
IBTI
ISHARES TR
$16M734K5.3%
07
IBTG
ISHARES TR
$16M692K5.2%
08
SCHF
SCHWAB STRATEGIC TR
$15M520K4.8%
09
IBTJ
ISHARES TR
$15M685K4.8%
10
TOTL
SSGA ACTIVE ETF TR
$14M348K4.4%

Filing history

2026Q2Jun 30
$306M 5.1%
89 positionsView →
2026Q1Mar 31
$291M 2.8%
87 positionsView →
2025Q4Dec 31
$299M 6.6%
76 positionsView →
2025Q3Sep 30
$321M 0.0%
78 positionsView →
2025Q2Jun 30
$321M 15.4%
78 positionsLocked
2025Q1Mar 31
$278M 7.5%
70 positionsLocked
2024Q4Dec 31
$258M 1.9%
250 positionsLocked
2024Q3Sep 30
$263M 1.8%
160 positionsLocked
2024Q1Mar 31
$259M 19.9%
98 positionsLocked
2023Q4Dec 31
$216M 9.7%
88 positionsLocked
2023Q3Sep 30
$239M 1.1%
96 positionsLocked
2023Q2Jun 30
$242M 6.3%
97 positionsLocked
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