Denver PWM, LLC
$291M in tracked AUM across 87 positions as of Q1 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.
Quarter at a glance — Q1 2026
Position-change comparison pending.
Top 10 holdings
By portfolio weight as of Q1 2026.