1y return+14.2%S&P 500 +20.9%
3y return+34.9%S&P 500 +68.5%
5y return+28.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2019: $157 against $232 in the S&P 500.2
Denver PWM, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SCHGSchwab Strategic Tr | $26.4M | 8.6% | |
| SCHVSchwab Strategic Tr | $18.8M | 6.2% | +2.0% |
| SCHMSchwab Strategic Tr | $18.8M | 6.2% | |
| IBTHIshares Tr | $18.4M | 6.0% | +6.2% |
| HEFAIshares Tr | $16.5M | 5.4% | +3.7% |
| IBTIIshares Tr | $16.2M | 5.3% | +10.3% |
| IBTGIshares Tr | $15.8M | 5.2% | +3.5% |
| SCHFSchwab Strategic Tr | $14.8M | 4.8% | +1.8% |
| IBTJIshares Tr | $14.8M | 4.8% | +1.9% |
| TOTLSsga Active Etf Tr | $13.5M | 4.4% | +7.8% |
| IBTKIshares Tr | $13.3M | 4.4% | −1.4% |
| SMLFIshares Tr | $9.7M | 3.2% | +3.1% |
| JAAAJanus Detroit Str Tr | $9.6M | 3.1% | |
| IJKIshares Tr | $7.7M | 2.5% | |
| VOOVanguard Index Fds | $5.4M | 1.8% | −27.4% |
| SCHXSchwab Strategic Tr | $5.2M | 1.7% | −8.7% |
| BONDPimco Etf Tr | $4.9M | 1.6% | −1.1% |
| JAVAJ P Morgan Exchange Traded F | $4.2M | 1.4% | −4.5% |
| EMXCIshares Inc | $4.0M | 1.3% | −3.8% |
| BUFRFirst Tr Exchng Traded Fd Vi | $3.7M | 1.2% | New |
| AAPLApple Inc | $3.6M | 1.2% | −33.8% |
| CATCaterpillar Inc | $3.1M | 1.0% | −3.5% |
| MSFTMicrosoft Corp | $2.8M | 0.9% | −4.4% |
| IVVIshares Tr | $2.7M | 0.9% | +1.2% |
| IPACIshares Tr | $2.6M | 0.8% | +4.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | September 30, 2023 | +360.0% | $2.2M |
| CATCaterpillar Inc | March 31, 2025 | +222.9% | $3.1M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $3.6M |
| SCHGSchwab Strategic Tr | June 30, 2020 | +166.6% | $26.4M |
| ORCLOracle Corp | June 30, 2020 | +165.2% | $1.3M |
| IVVIshares Tr | June 30, 2020 | +141.8% | $2.7M |
| IWBIshares Tr | June 30, 2020 | +138.5% | $1.4M |
| SCHXSchwab Strategic Tr | June 30, 2020 | +138.3% | $5.2M |
| SCHASchwab Strategic Tr | June 30, 2020 | +121.2% | $1.5M |
| SCHMSchwab Strategic Tr | June 30, 2020 | +110.2% | $18.8M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.0% | +14.8% |
| March 31, 2026 | −1.1% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +4.5% | +7.8% |
| June 30, 2025 | +6.0% | +10.5% |
| March 31, 2025 | −1.6% | −4.6% |
| December 31, 2024 | −1.6% | +2.1% |
| September 30, 2024 | +4.8% | +5.4% |
| June 30, 2024 | −1.8% | +4.0% |
| March 31, 2024 | +6.6% | +10.0% |
| December 31, 2023 | +8.4% | +11.2% |
| September 30, 2023 | −3.2% | −3.6% |
| June 30, 2023 | +3.6% | +8.3% |
| March 31, 2023 | +4.9% | +7.0% |
| December 31, 2022 | +7.3% | +7.1% |
| September 30, 2022 | −4.6% | −5.3% |
| June 30, 2022 | −12.3% | −16.5% |
| March 31, 2022 | −4.5% | −4.9% |
| December 31, 2021 | +3.8% | +10.7% |
| September 30, 2021 | −1.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Denver PWM, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1657980&type=13F-HR&dateb=&owner=include&count=40CIK 1657980
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1657980/000142050626001849/Filed August 18, 2026 · accession 0001420506-26-001849