DOSSIER · 13F-HR · Q2 2026

Gunpowder Capital Management, LLC dba Oliver Wealth Management

$142M in tracked AUM across 408 positions as of Q2 2026.

GC
CIK 0002114795 · last filed Jun 30, 2026
Total AUM
$142M
as of Q2 2026
Holdings
408
—
positions
Whale Score
54
54
tracked
Activity
—
no data
changes this Q
AI Analysis · Q2 2026

439 positions, 32 ETFs, and just 12 individual stocks — this $128M manager built a portfolio whose structural DNA is the Dimensional Fund Advisors core equity and fixed-income suite, paired with gold as the dominant hedge. The approach reads as a systematic, factor-tilted implementation rather than a traditional stock-picking book, and the concentration pattern reveals a specific philosophy.

The pattern is immediately distinctive. The portfolio's seven largest positions by value are all vehicles for accessing the Dimensional factor framework: DFAC (U.S. Core Equity 2, $10.6M), DCOR (U.S. Core Equity 1, $8.7M), DFIC (International Core Equity 2, $4.8M), DFEM (Emerging Markets Core 2, $2.4M), DFAI (International Core Market, $1.3M), and DFAE (Emerging Core Market, $654K). Together those six names represent roughly 24% of the entire $128M book before the satellite sleeve is counted. Adding SPY, QQQ, and MDY — the traditional market-cap-weighted benchmarks — and the ETF core sits at approximately 44% of assets with a tilt toward the small/value and international factors that Dimensional was built to capture.

The Equity Satellite

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
DFAC
DIMENSIONAL U.S. CORE EQUITY 2 ETF
$16M365K11.4%
02
DCOR
DIMENSIONAL US CORE EQUITY 1 ETF
$15M179K10.3%
03
GLD
SPDR GOLD SHARES
$11M31K8.0%
04
AAPL
APPLE INCORPORATED
$11M39K7.8%
05
DFIC
DIMENSIONAL INTERNATIONAL CORE EQUITY 2 ETF
$7M191K5.0%
06
CGDV
CAPITAL GROUP DIVID VALUE ETF SHS CREATION UNIT
$6M126K4.4%
07
QQQ
INVESCO QQQ TRUST
$5M7K3.7%
08
SPY
STATE STREET SPDR S&P 500 ETF TRUST
$5M7K3.5%
09
IAU
ISHARES GOLD TR ISHARES NEW
$5M63K3.4%
10
DFEM
DIMENSIONAL EMERGING MARKETS CORE EQUITY 2 ETF
$4M101K2.9%

Filing history

2026Q2Jun 30
$142M▲ 10.8%
408 positionsView →
2025Q4Dec 31
$128M—
439 positionsView →