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CWM, LLC

SEC CIK
0001535847
Latest filing
May 14, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 1, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
4,369
−74 vs. Q3 2023
Portfolio value
$18.6B
+$2.28B (+14.0%) vs. Q3 2023
Filed
Feb 1, 2024
SEC
Holdings of CWM, LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF3,314,268$1.58B8.5%+121,998+3.8%Added–
iShares Tr46434V613CORE UNIVRSL USD16,371,586$754.2M4.1%−4,115,757−20.1%Reduced–
iShares MSCI USA Quality Factor ETF46432F339ETF4,345,720$639.4M3.4%−234,572−5.1%Reduced–
AAPLApple Inc.Stock1,891,927$364.3M2.0%+164,094+9.5%AddedHistory
State Street SPDR Portfolio S&P 500 ETF78464A854ETF5,921,040$331.0M1.8%+1,450,389+32.4%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF9,026,453$307.0M1.7%+1,915,733+26.9%Added–
MSFTMicrosoft CorpStock770,557$289.8M1.6%+69,252+9.9%AddedHistory
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF10,419,712$267.2M1.4%+1,601,304+18.2%Added–
iShares Core MSCI Eafe ETF46432F842ETF3,470,684$244.2M1.3%−772,003−18.2%Reduced–
PIMCO Active Bond Exchange-Traded Fund72201R775ETF2,628,541$243.0M1.3%+473,431+22.0%Added–
Invesco QQQ Trust Series I46090E103ETF578,804$237.0M1.3%+99,052+20.6%Added–
iShares Tr464288877EAFE VALUE ETF4,208,543$219.3M1.2%−1,344,272−24.2%Reduced–
iShares Tr464288588MBS ETF2,328,040$219.0M1.2%−252,607−9.8%Reduced–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF4,342,267$211.6M1.1%+1,746,161+67.3%Added–
iShares S&P 500 Growth ETF464287309ETF2,814,553$211.4M1.1%+419,795+17.5%Added–
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833ETF2,072,223$206.8M1.1%−93,950−4.3%Reduced–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF4,344,768$202.6M1.1%+792,047+22.3%Added–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF2,071,212$189.3M1.0%−7,795−0.4%Reduced–
iShares Tr46434V860TRS FLT RT BD3,714,675$187.5M1.0%−316,817−7.9%Reduced–
AMZNAmazon Com IncStock1,201,593$182.6M1.0%+134,944+12.7%AddedHistory
iShares MSCI USA Momentum Factor ETF46432F396ETF1,134,217$177.9M1.0%+96,845+9.3%Added–
SPDR Series Trust78468R523ST STR BL 12 ETF1,737,029$172.2M0.9%+221,777+14.6%Added–
SPDR Series Trust78464A805ST STR PR SP15002,936,629$171.6M0.9%+791,994+36.9%Added–
iShares Tr46435G425ESG AWR MSCI USA1,522,685$159.8M0.9%−14,460−0.9%Reduced–
SPYSPDR S&P 500 ETF TrustETF309,303$147.0M0.8%+8,971+3.0%AddedHistory
iShares S&P 100 ETF464287101ETF649,120$145.0M0.8%+648,291+78,201.6%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF2,632,028$133.1M0.7%−552,536−17.4%Reduced–
iShares Tr464287721U.S. TECH ETF1,078,737$132.4M0.7%+360,020+50.1%Added–
Schwab U.S. Large-Cap Growth ETF808524300ETF1,553,099$128.8M0.7%+90,316+6.2%Added–
iShares Tr46428743220 YR TR BD ETF1,256,208$124.2M0.7%−1,673−0.1%Reduced–
iShares MSCI USA Min Vol Factor ETF46429B697ETF1,576,322$123.0M0.7%−1,388,643−46.8%Reduced–
Vanguard Morningstar Growth ETF922908736ETF361,390$112.3M0.6%+17,374+5.1%Added–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF1,680,128$109.3M0.6%+330,635+24.5%Added–
PIMCO ETF Tr72201R718ENHNCD LW DUR AC1,092,893$103.6M0.6%−73,901−6.3%Reduced–
iShares Tr464288885EAFE GRWTH ETF1,054,330$102.1M0.5%−304,087−22.4%Reduced–
GOOGLAlphabet Inc.Stock711,129$99.3M0.5%+179,437+33.7%AddedHistory
Schwab US Dividend Equity ETF808524797ETF1,266,436$96.4M0.5%−95,652−7.0%Reduced–
NVDANVIDIA CorpStock193,803$96.0M0.5%+24,539+14.5%AddedHistory
iShares Broad Usd Investment Grade Corporate Bond ETF464288620ETF1,689,373$86.6M0.5%−95,668−5.4%Reduced–
BRK.BBerkshire Hathaway IncStock242,728$86.6M0.5%−1,375−0.6%ReducedHistory
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF2,043,002$86.2M0.5%+718,238+54.2%Added–
WisdomTree Tr97717W208US HIGH DIVIDEND1,028,980$84.6M0.5%−73,593−6.7%Reduced–
State Street Technology Select Sector SPDR ETF81369Y803ETF434,781$83.7M0.5%+100,312+30.0%Added–
iShares Inc46434G764MSCI EMRG CHN1,436,573$79.6M0.4%+1,429,986+21,709.2%Added–
iShares S&P 500 Value ETF464287408ETF455,581$79.2M0.4%+6,595+1.5%Added–
WisdomTree Tr97717X172US HGH YLD CORP1,729,637$78.6M0.4%−136,603−7.3%Reduced–
METAMeta Platforms, Inc.Stock221,238$78.3M0.4%+29,665+15.5%AddedHistory
iShares Tr464288281JPMORGAN USD EMG853,754$76.0M0.4%+120,723+16.5%Added–
iShares Core S&P US Value ETF464287663ETF846,748$71.4M0.4%−93,570−10.0%Reduced–
iShares Core Dividend Growth ETF46434V621ETF1,271,727$68.4M0.4%−123,980−8.9%Reduced–
HDHome Depot, Inc.Stock188,387$65.3M0.4%+71,665+61.4%AddedHistory
PIMCO ETF Tr72201R866INTER MUN BD ACT1,227,956$64.8M0.3%+137,265+12.6%Added–
VanEck Morningstar Wide Moat ETF92189F643ETF760,160$64.5M0.3%+1,762+0.2%Added–
PGProcter & Gamble CoStock438,770$64.3M0.3%+23,132+5.6%AddedHistory
iShares Tr464287341GLOBAL ENERG ETF1,579,770$61.8M0.3%+1,578,461+120,585.3%Added–
PIMCO ETF Tr72201R817INV GRD CRP BD633,511$61.6M0.3%+172,627+37.5%Added–
Vanguard Morningstar Value ETF922908744ETF410,272$61.3M0.3%−38,930−8.7%Reduced–
iShares Tips Bond ETF464287176ETF551,188$59.2M0.3%−51,963−8.6%Reduced–
XOMExxonMobil Holdings CorpCOM591,057$59.1M0.3%+51,081+9.5%AddedHistory
iShares U.S. Treasury Bond ETF46429B267ETF2,442,513$56.3M0.3%−1,349,553−35.6%Reduced–
MRKMerck & Co., Inc.Stock515,632$56.2M0.3%+6,969+1.4%AddedHistory
JNJJohnson & JohnsonStock356,862$55.9M0.3%+24,515+7.4%AddedHistory
iShares Core S&P Mid-Cap ETF464287507ETF200,292$55.5M0.3%−268,953−57.3%Reduced–
SPDR Series Trust78464A672ST INTER ETF1,928,303$55.1M0.3%+288,023+17.6%Added–
First Tr Exchng Traded FD VI33740F755FT LADD BUFF ETF1,973,310$52.4M0.3%+709,893+56.2%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF1,472,689$52.1M0.3%−280,533−16.0%Reduced–
Global X FDS37954Y483NASDAQ 100 COVER2,990,618$51.9M0.3%−180,838−5.7%Reduced–
iShares Inc46434G889EMNG MKTS EQT1,199,323$51.4M0.3%−81,757−6.4%Reduced–
Strategy Shs86280R803DAY HAGAN SMART1,441,181$51.3M0.3%−160,026−10.0%Reduced–
CSCOCisco Systems, Inc.Stock1,011,430$51.1M0.3%+21,308+2.2%AddedHistory
Vanguard Whitehall FDS921946794INTL HIGH ETF757,999$50.4M0.3%−63,931−7.8%Reduced–
JPMJPMorgan Chase & CoStock295,794$50.3M0.3%+57,703+24.2%AddedHistory
INTCIntel CorpStock998,917$50.2M0.3%−81,947−7.6%ReducedHistory
SPDR Series Trust78468R101ST SHO TREAS ETF1,726,137$50.1M0.3%+588,981+51.8%Added–
WisdomTree Tr97717X511YIELD ENHANCD US1,137,200$50.1M0.3%+10,099+0.9%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF979,074$49.2M0.3%+153,908+18.7%Added–
iShares Tr46435G219INVT GRAD SY ETF1,084,746$49.1M0.3%−212,021−16.3%Reduced–
WMTWalmart Inc.Stock309,018$48.7M0.3%+2,291+0.7%AddedHistory
VVisa Inc.Stock184,294$48.0M0.3%−450−0.2%ReducedHistory
TSLATesla, Inc.Stock190,555$47.3M0.3%+43,815+29.9%AddedHistory
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375ETF1,401,336$46.0M0.2%+496,133+54.8%Added–
Ssga Active ETF Tr78467V707ST STR UL BD ETF1,131,051$45.7M0.2%+265,510+30.7%Added–
iShares Tr46435U853BROAD USD HIGH1,244,773$45.2M0.2%−102,468−7.6%Reduced–
iShares Tr46434V274INTL EQTY FACTOR1,567,231$43.9M0.2%−1,309,290−45.5%Reduced–
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH714,158$43.6M0.2%+66,946+10.3%Added–
VZVerizon Communications IncStock1,134,258$42.8M0.2%+11,401+1.0%AddedHistory
PIMCO ETF Tr72201R874SHTRM MUN BD ACT853,066$42.7M0.2%−69,644−7.5%Reduced–
UNHUnitedHealth Group IncStock80,469$42.4M0.2%+7,697+10.6%AddedHistory
TAT&T Inc.Stock2,398,879$40.3M0.2%−78,108−3.2%ReducedHistory
J P Morgan Exchange Traded F46641Q753US VALUE FACTR1,037,926$40.0M0.2%−104,205−9.1%Reduced–
GOOGAlphabet Inc.Stock279,529$39.4M0.2%+24,423+9.6%AddedHistory
BlackRock ETF Trust09290C509ISHA US AWAR ETF747,806$39.1M0.2%+41,252+5.8%Added–
Vanguard S&P 500 ETF922908363ETF89,071$38.9M0.2%+20,979+30.8%Added–
Schwab Intermediate-Term US Treasury ETF808524854ETF766,701$38.1M0.2%+171,936+28.9%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD489,786$37.9M0.2%+31,551+6.9%Added–
Vanguard Mun BD FDS922907746TAX EXEMPT BD739,924$37.8M0.2%−163,646−18.1%Reduced–
LLYEli Lilly & CoStock63,821$37.2M0.2%−48,011−42.9%ReducedHistory
WisdomTree Tr97717Y790US EFFIC CORE FD940,147$36.9M0.2%+176,850+23.2%Added–
CVXChevron CorpStock243,516$36.3M0.2%+28,448+13.2%AddedHistory
iShares Tr46428865310-20 YR TRS ETF332,775$36.0M0.2%+212,308+176.2%Added–

Options (6)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of CWM, LLC in Q4 2023
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$504.0K$10.3M
AAPLApple Inc.Stock$26.0K–
WBDWarner Bros. Discovery, Inc.Stock–$1.00K
DOCNDigitalOcean Holdings, Inc.COM–$1.00K
CHGGChegg, IncCOM–$1.00K
VXXBarclays Bank PLCIPTH SR B S&P–$1.00K

Sold out since Q3 2023 (311)

Positions held at the end of Q3 2023 that are gone from this filing.

The largest 100 of 311 by value last quarter.

Positions of CWM, LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
Invesco Exch TRD SLF Idx FD46138J866BULSHS 2023 CB1,068,993$22.7M0.1%–
iShares Tr46434VAX8IBONDS DEC23 ETF273,525$6.94M<0.1%–
iShares Tr46436E882IBONDS 23 TRM TS142,816$3.54M<0.1%–
ProShares Tr74347B714SHORT QQQ NEW232,600$2.53M<0.1%–
ATVIActivision Blizzard, Inc.COM14,481$1.36M<0.1%History
TASKTaskUs, Inc.CLASS A COM90,994$945.0K<0.1%History
iShares Tr46435G318IBONDS DEC202327,781$709.0K<0.1%–
HZNPHorizon Therapeutics Public Ltd CoSHS3,615$418.0K<0.1%History
SGENSeagen Inc.COM1,792$380.0K<0.1%History
KKellanovaCOM SHS5,774$344.0K<0.1%History
Invesco Exch TRD SLF Idx FD46138J858BULSHS 2023 HY9,080$213.0K<0.1%–
VMWVmware LLCCL A COM876$146.0K<0.1%History
Strategy Shs86280R829DAY HAGAN NED DA5,520$144.0K<0.1%–
RBB FD Inc74933W452F/M US TREASURY2,344$117.0K<0.1%–
DENDenbury IncCOM1,138$112.0K<0.1%History
Invesco Exch Traded FD Tr II46138E529NY AMT FRE MUN4,390$93.0K<0.1%–
PACWPacwest BancorpCOM11,717$93.0K<0.1%History
T Rowe Price Exchange-Traded87283Q701ULTRA SHRT TRM1,870$91.0K<0.1%–
Invesco Exch TRD SLF Idx FD46138J544BULSHS 2023 MUNI3,227$81.0K<0.1%–
Cambria ETF Tr132061839TRINITY3,030$74.0K<0.1%–
KNOPKNOT Offshore Partners LPCOM UNITS10,700$73.0K<0.1%History
Franklin Templeton ETF Tr35473P819FTSE CHINA4,205$72.0K<0.1%–
Splunk Inc848637AF1NOTE 1.125% 6/1–$56.0K<0.1%–
Ionis Pharmaceuticals Inc462222AD2NOTE 4/0–$54.0K<0.1%–
NATINational Instruments CorpCOM858$51.0K<0.1%History
ACNTAscent Industries Co.COM5,625$50.0K<0.1%History
Lumentum Hldgs Inc55024UAD1NOTE 0.500%12/1–$47.0K<0.1%–
Farfetch Ltd30744W107ORD SH CL A20,185$42.0K<0.1%–
Halozyme Therapeutics, Inc.40637HAD1NOTE 0.250% 3/0–$42.0K<0.1%–
NEWRNew Relic, Inc.COM481$41.0K<0.1%History
ASTSAST SpaceMobile, Inc.COM CL A10,000$38.0K<0.1%History
ARGOArgo Group International Holdings, Inc.COM1,289$38.0K<0.1%History
GBABGuggenheim Taxable Municipal Bond & Investment Grade Debt TrustCOM2,260$35.0K<0.1%History
Dimensional ETF Trust25434V781INTL SMALL CAP V1,383$33.0K<0.1%–
FCFranklin Covey CoCOM778$33.0K<0.1%History
Invesco Exchange Traded FD T46137V399S&P500 BUY WRT1,472$31.0K<0.1%–
BUIBlackRock Utilities, Infrastructure & Power Opportunities TrustCOM1,564$31.0K<0.1%History
TWNKHostess Brands, Inc.CL A927$31.0K<0.1%History
WisdomTree Tr97717Y717GROWTH LEADERS1,012$31.0K<0.1%–
LPROOpen Lending CorpCOM3,938$29.0K<0.1%History
ONONOn Holding AGStock1,010$28.0K<0.1%History
Nuveen PFD & Incm Securties67072C105COM4,553$28.0K<0.1%–
BBNBlackRock Taxable Municipal Bond TrustSHS1,805$27.0K<0.1%History
UTGReaves Utility Income FundCOM SH BEN INT1,055$26.0K<0.1%History
T Rowe Price Exchange-Traded87283Q404PRICE DIV GRWT822$26.0K<0.1%–
OXSQOxford Square Capital Corp.COM8,008$24.0K<0.1%History
Capital Grp Fixed Incm ETF T14020Y102CORE PLUS INCM1,056$23.0K<0.1%–
iShares Tr46435U473BB RAT CORP BD506$22.0K<0.1%–
First Tr Exch Traded FD III33740J104ULTRA SHT DUR MU1,035$21.0K<0.1%–
PLTMGraniteShares Platinum TrustSHS BEN INT2,190$19.0K<0.1%History
VRTVVeritiv CorpCOM115$19.0K<0.1%History
Invesco Exchange Traded FD T46137V704DORSEY WRGT BASC229$18.0K<0.1%–
Century Alum Co156431AQ1NOTE 2.750% 5/0–$17.0K<0.1%–
Cracker Barrel Old Ctry Stor22410JAB2NOTE 0.625% 6/1–$17.0K<0.1%–
PRTPermRock Royalty TrustTR UNIT2,398$16.0K<0.1%History
iShares Tr46436E33820+ YEAR TR BD521$15.0K<0.1%–
Agf Invts Tr00110G408US MARKET NETRL748$15.0K<0.1%–
Etsy Inc29786AAN6NOTE 0.250% 6/1–$15.0K<0.1%–
NMAINuveen Multi-Asset Income FundCOM1,257$14.0K<0.1%History
PMOFranklin Municipal Opportunities TrustSH BEN INT1,530$14.0K<0.1%History
First Tr Dow Jones Select Mi33718M105COM SHS ANNUAL263$14.0K<0.1%–
Bondbloxx ETF Trust09789C846BLOOMBERG THREE272$13.0K<0.1%–
Advisorshares Tr00768Y453PURE US CANN ETF1,578$13.0K<0.1%–
JYNTJOINT CorpCOM1,442$13.0K<0.1%History
WHFWhiteHorse Finance, Inc.COM1,000$13.0K<0.1%History
WisdomTree Tr97717W760INTL SMCAP DIV207$12.0K<0.1%–
WILCFG Willi Food International LtdORD1,160$12.0K<0.1%History
Dimensional ETF Trust25434V740EMERGING MKTS VA473$11.0K<0.1%–
CNNECannae Holdings, Inc.COM597$11.0K<0.1%History
VanEck ETF Trust92189F411BDC INCOME ETF600$10.0K<0.1%–
DBX ETF Tr233051150XTRACKERS MSCI260$10.0K<0.1%–
Direxion Shs ETF Tr25460G773WORK FROM HOME218$10.0K<0.1%–
BHKBlackRock Core Bond TrustSHS BEN INT921$9.00K<0.1%History
TCW ETF Trust29287L205TRANS SYSTE ETF168$9.00K<0.1%–
ATMPBarclays Bank PLCIPATH SELCT MLP410$9.00K<0.1%History
CIRCircor International IncCOM160$9.00K<0.1%History
Global X FDS37954Y731CONSCIOUS COS309$9.00K<0.1%–
Dimensional ETF Trust25434V757EMERGING MKTS HI351$8.00K<0.1%–
ETGEaton Vance Tax-Advantaged Global Dividend Income FundCOM500$8.00K<0.1%History
AVTAAvantax, Inc.COM318$8.00K<0.1%History
NXGNNextgen Healthcare, Inc.COM357$8.00K<0.1%History
Invesco Exch Traded FD Tr II46138G656S&P ULTRA DIVIDE194$7.00K<0.1%–
iShares Tr46435G847MSCI ACWI EXUS246$7.00K<0.1%–
VanEck ETF Trust92189F387SHRT HGH YLD MUN303$7.00K<0.1%–
iShares Tr46434V803HDG MSCI EAFE228$7.00K<0.1%–
MBUUMalibu Boats, Inc.COM CL A114$6.00K<0.1%History
SPDR Index Shs FDS78463X202ST STR EU 50 ETF132$6.00K<0.1%–
GVPGse Systems IncCOM30,000$6.00K<0.1%History
PCMPCM Fund, Inc.COM723$6.00K<0.1%History
VanEck ETF Trust92189F460CEF MUNI INCOME278$5.00K<0.1%–
Invesco Exch Traded FD Tr II46138E719BLOO EN ANGE ETF265$5.00K<0.1%–
First Tr Exch Traded FD III33739P889HORIZON DMST ETF170$5.00K<0.1%–
Invesco Exch Traded FD Tr II46138E230S&P INTL LOW181$5.00K<0.1%–
WisdomTree Tr97717X263DYNAMIC INTL EQT151$5.00K<0.1%–
Cambria ETF Tr132061607GLB ASSET ALLO200$5.00K<0.1%–
EBIXEbix IncCOM NEW500$5.00K<0.1%History
iShares Tr46436E288INVT GRD CORP BD152$5.00K<0.1%–
iShares Tr46429B614MSCI INDIA SM CP68$4.00K<0.1%–
First Tr Exchange-Traded FD33735T109COMMON SHS384$4.00K<0.1%–
Invesco Exch Traded FD Tr II46138E172S&P SMLCP STAP105$4.00K<0.1%–