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CWM, LLC

SEC CIK
0001535847
Latest filing
May 14, 2026

Holdings in Q1 2025

Holdings as of Mar 31, 2025, filed May 1, 2025. Long positions only; changes compare share counts with Q4 2024.

Institution overview
Positions
5,198
+88 vs. Q4 2024
Portfolio value
$25.1B
+$981.2M (+4.1%) vs. Q4 2024
Filed
May 1, 2025
SEC
Holdings of CWM, LLC in Q1 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,803,506$1.01B4.0%−125,290−6.5%Reduced–
iShares Tr46434V613CORE UNIVRSL USD18,072,843$832.8M3.3%−808,857−4.3%Reduced–
iShares MSCI USA Quality Factor ETF46432F339ETF3,322,909$567.9M2.3%−436,783−11.6%Reduced–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF8,484,225$557.9M2.2%+613,217+7.8%Added–
AAPLApple Inc.Stock2,294,240$509.6M2.0%+110,064+5.0%AddedHistory
iShares S&P 500 Growth ETF464287309ETF5,374,210$498.9M2.0%−2,899−0.1%Reduced–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF12,968,374$472.2M1.9%+425,898+3.4%Added–
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF15,955,089$407.5M1.6%−373,060−2.3%Reduced–
BlackRock ETF Trust09290C103ISHARES US EQUIT8,022,923$391.2M1.6%−401,999−4.8%Reduced–
PIMCO Active Bond Exchange-Traded Fund72201R775ETF4,154,795$384.2M1.5%+415,209+11.1%Added–
iShares S&P 500 Value ETF464287408ETF1,806,062$344.2M1.4%+356,756+24.6%Added–
MSFTMicrosoft CorpStock909,409$341.4M1.4%+43,929+5.1%AddedHistory
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF6,581,942$336.9M1.3%+874,454+15.3%Added–
NVDANVIDIA CorpStock2,921,794$316.7M1.3%+306,807+11.7%AddedHistory
iShares Tr464288877EAFE VALUE ETF4,620,598$272.3M1.1%−1,417,023−23.5%Reduced–
AMZNAmazon Com IncStock1,368,079$260.3M1.0%+80,399+6.2%AddedHistory
Invesco QQQ Trust Series I46090E103ETF529,562$248.3M1.0%−68,065−11.4%Reduced–
SPDR Series Trust78464A805ST STR PR SP15003,156,417$214.7M0.9%−204,924−6.1%Reduced–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF4,085,636$208.7M0.8%−542,796−11.7%Reduced–
SPDR Series Trust78468R523ST STR BL 12 ETF2,027,560$201.7M0.8%+360,183+21.6%Added–
Vanguard Morningstar Growth ETF922908736ETF532,135$197.3M0.8%+103,316+24.1%Added–
iShares Tr464288588MBS ETF2,019,792$189.4M0.8%−357,818−15.0%Reduced–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF2,030,309$186.2M0.7%+191,502+10.4%Added–
iShares MSCI USA Momentum Factor ETF46432F396ETF917,388$185.4M0.7%−17,744−1.9%Reduced–
SPYSPDR S&P 500 ETF TrustETF329,446$184.3M0.7%+4,361+1.3%AddedHistory
Schwab U.S. Large-Cap Growth ETF808524300ETF7,213,032$180.6M0.7%+233,666+3.3%Added–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF2,216,370$178.1M0.7%−234,605−9.6%Reduced–
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833ETF1,663,528$167.4M0.7%+39,641+2.4%Added–
BRK.BBerkshire Hathaway IncStock309,207$164.7M0.7%+43,798+16.5%AddedHistory
Schwab US Dividend Equity ETF808524797ETF5,650,775$158.0M0.6%+757,040+15.5%Added–
iShares Tr464288885EAFE GRWTH ETF1,536,390$153.6M0.6%−1,275,911−45.4%Reduced–
GOOGLAlphabet Inc.Stock973,415$150.5M0.6%+55,385+6.0%AddedHistory
iShares Tr464287721U.S. TECH ETF1,047,713$147.1M0.6%−32,204−3.0%Reduced–
First Tr Exchng Traded FD VI33740F755FT LADD BUFF ETF4,953,406$147.1M0.6%+462,927+10.3%Added–
iShares Tr46428865310-20 YR TRS ETF1,382,695$143.5M0.6%+1,172,866+559.0%Added–
SPDR Series Trust78468R804ST STR R1K LOWV814,631$141.8M0.6%+474,766+139.7%Added–
PIMCO ETF Tr72201R817INV GRD CRP BD1,425,160$137.9M0.6%+108,787+8.3%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF2,514,391$135.7M0.5%+866,820+52.6%Added–
METAMeta Platforms, Inc.Stock235,165$135.5M0.5%−12,803−5.2%ReducedHistory
iShares Inc46434G764MSCI EMRG CHN2,454,794$135.2M0.5%−348,929−12.4%Reduced–
Invesco Exch Traded FD Tr II46138E339S&P 500 MOMNTM1,313,198$121.5M0.5%+878,259+201.9%Added–
Vanguard S&P 500 ETF922908363ETF232,147$119.3M0.5%−2,671−1.1%Reduced–
Ssga Active ETF Tr78467V848ST STR TOTAL ETF2,938,217$118.4M0.5%+925,629+46.0%Added–
iShares S&P 100 ETF464287101ETF415,396$112.5M0.4%+286,280+221.7%Added–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM1,939,744$110.8M0.4%−35,861−1.8%Reduced–
JPMJPMorgan Chase & CoStock427,175$104.8M0.4%+40,900+10.6%AddedHistory
iShares Flexible Income Active ETF092528603ETF1,991,270$104.3M0.4%−20,983−1.0%Reduced–
GLDSPDR Gold TrustETF358,274$103.2M0.4%+71,125+24.8%AddedHistory
State Street Technology Select Sector SPDR ETF81369Y803ETF490,080$101.2M0.4%+44,089+9.9%Added–
Vanguard Morningstar Value ETF922908744ETF571,897$98.8M0.4%+188,661+49.2%Added–
VanEck Morningstar Wide Moat ETF92189F643ETF1,122,232$98.8M0.4%−95,485−7.8%Reduced–
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH1,334,647$98.5M0.4%+335,092+33.5%Added–
AVGOBroadcom Inc.Stock574,860$96.2M0.4%−12,674−2.2%ReducedHistory
PIMCO ETF Tr72201R718ENHNCD LW DUR AC966,930$92.8M0.4%+18,178+1.9%Added–
SPDR Series Trust78464A672ST INTER ETF3,115,011$89.0M0.4%−70,596−2.2%Reduced–
XOMExxonMobil Holdings CorpCOM747,522$88.9M0.4%+63,613+9.3%AddedHistory
TSLATesla, Inc.Stock340,388$88.2M0.4%+23,349+7.4%AddedHistory
JNJJohnson & JohnsonStock521,918$86.6M0.3%+50,178+10.6%AddedHistory
WisdomTree Tr97717W208US HIGH DIVIDEND854,291$84.7M0.3%−24,948−2.8%Reduced–
PGProcter & Gamble CoStock489,085$83.3M0.3%−6,908−1.4%ReducedHistory
VVisa Inc.Stock237,831$83.3M0.3%+2,934+1.2%AddedHistory
PIMCO ETF Tr72201R866INTER MUN BD ACT1,598,311$82.4M0.3%+79,123+5.2%Added–
LLYEli Lilly & CoStock99,633$82.3M0.3%+4,915+5.2%AddedHistory
WMTWalmart Inc.Stock918,701$80.7M0.3%−5,319−0.6%ReducedHistory
Tidal Trust II88636J204RET STCKD GL STK3,427,200$80.3M0.3%+273,888+8.7%Added–
Invesco Actively Managed Exc46090A804TOTAL RETURN1,695,993$79.6M0.3%+103,176+6.5%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF1,955,877$77.0M0.3%+154,353+8.6%Added–
iShares Tr46434V803HDG MSCI EAFE2,121,162$77.0M0.3%+1,727,528+438.9%Added–
Franklin Templeton ETF Tr35473P884US MID CP MLTFCT1,441,503$76.4M0.3%+231,691+19.2%Added–
HDHome Depot, Inc.Stock205,767$75.4M0.3%−4,248−2.0%ReducedHistory
WisdomTree Tr97717X172US HGH YLD CORP1,621,849$73.1M0.3%+8,730+0.5%Added–
SPDR Series Trust78464A656ST STR TIPS ETF2,738,009$72.2M0.3%+2,706,726+8,652.4%Added–
CSCOCisco Systems, Inc.Stock1,161,868$71.7M0.3%+36,019+3.2%AddedHistory
Putnam ETF Trust746729300FOCUSED LAR CAP1,850,921$70.5M0.3%+170,196+10.1%Added–
Litman Gregory FDS Tr53700T827IMGP DBI MAN ETF2,779,372$70.2M0.3%+312,802+12.7%Added–
Ssga Active ETF Tr78467V707ST STR UL BD ETF1,704,621$69.3M0.3%+32,023+1.9%Added–
J P Morgan Exchange Traded F46641Q134INTRNL RES EQT1,085,129$69.1M0.3%+473,617+77.5%Added–
iShares MSCI USA Min Vol Factor ETF46429B697ETF731,763$68.5M0.3%−1,541−0.2%Reduced–
Fidelity Merrimack STR Tr316188309TOTAL BD ETF1,477,223$67.4M0.3%+60,287+4.3%Added–
TAT&T Inc.Stock2,381,434$67.3M0.3%−37,985−1.6%ReducedHistory
SPDR Series Trust78464A664ST LON TREAS ETF2,466,439$67.2M0.3%+228,600+10.2%Added–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF1,636,460$66.7M0.3%−2,672,013−62.0%Reduced–
ABBVAbbVie Inc.Stock309,251$64.8M0.3%+33,232+12.0%AddedHistory
iShares Core S&P US Value ETF464287663ETF686,873$63.4M0.3%−9,196−1.3%Reduced–
UNHUnitedHealth Group IncStock117,358$61.5M0.2%+8,877+8.2%AddedHistory
COSTCostco Wholesale CorpStock63,289$59.9M0.2%+4,796+8.2%AddedHistory
iShares Tr464287150CORE S&P TTL STK490,146$59.8M0.2%−20,065−3.9%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF604,280$59.8M0.2%−76,281−11.2%Reduced–
Schwab International Equity ETF808524805ETF3,002,553$59.4M0.2%+727,949+32.0%Added–
iShares Core S&P Mid-Cap ETF464287507ETF1,007,714$58.8M0.2%+51,625+5.4%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF1,159,783$58.7M0.2%+59,153+5.4%Added–
IAUiShares Gold TrustETF980,573$57.8M0.2%+212,603+27.7%AddedHistory
VZVerizon Communications IncStock1,265,411$57.4M0.2%+25,091+2.0%AddedHistory
MRKMerck & Co., Inc.Stock631,814$56.7M0.2%+21,544+3.5%AddedHistory
GOOGAlphabet Inc.Stock358,822$56.1M0.2%+20,156+6.0%AddedHistory
Capital Group Growth ETF14020G101SHS CREAT UNIT1,619,028$55.5M0.2%+844,631+109.1%Added–
WisdomTree Tr97717Y790US EFFIC CORE FD1,192,606$54.0M0.2%+29,055+2.5%Added–
iShares Tr464288414NATIONAL MUN ETF508,129$53.6M0.2%−175,402−25.7%Reduced–
American Centy ETF Tr025072505DIVERSIFIED MU1,080,833$53.5M0.2%+44,602+4.3%Added–
American Centy ETF Tr025072703INTL EQT ETF781,452$51.8M0.2%+208,454+36.4%Added–

Options (7)

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 Q1 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$772.0K$1.16M
NVDANVIDIA CorpStock$62.0K–
AAPLApple Inc.Stock$19.0K–
AMZNAmazon Com IncStock$13.0K–
GEVGE Vernova Inc.Stock$12.0K–
JNJJohnson & JohnsonStock$7.00K–
GEGeneral Electric CoStock$6.00K–

Sold out since Q4 2024 (95)

Positions held at the end of Q4 2024 that are gone from this filing.

Positions of CWM, LLC sold out since Q4 2024
SecurityClassShares in Q4 2024Value in Q4 2024% of portfolio in Q4 2024History
SMARSmartsheet IncCOM CL A83,725$4.69M<0.1%History
HTLFHeartland Financial USA IncCOM19,872$1.22M<0.1%History
Victory Portfolios II92647N527CORE BD ETF11,281$518.0K<0.1%–
HCPHashiCorp, Inc.COM CL A8,173$280.0K<0.1%History
PFCPremier Financial CorpCOM9,561$244.0K<0.1%History
USAPUniversal Stainless & Alloy Products IncCOM4,252$187.0K<0.1%History
QGENQiagen N.V.Stock3,792$169.0K<0.1%History
Fidelity Covington Trust31609A305ENHANCED LARGE4,702$166.0K<0.1%–
OUTOUTFRONT Media Inc.COM7,759$138.0K<0.1%History
ALTMArcadium Lithium plcStock25,261$130.0K<0.1%History
Barnes Group Inc067806109COM2,188$103.0K<0.1%–
Vanguard Admiral FDS Inc921932828SMLLCP 600 IDX797$85.0K<0.1%–
CNRCore Natural Resources, Inc.COM764$82.0K<0.1%History
IBTXIndependent Bank Group, Inc.COM1,286$78.0K<0.1%History
Fidelity Covington Trust316092790QLTY FCTOR ETF1,007$66.0K<0.1%–
SUMSummit Materials, Inc.CL A1,242$63.0K<0.1%History
Silvercrest Metals Inc828363101COM6,324$58.0K<0.1%–
CFBCrossfirst Bankshares, Inc.COM3,672$56.0K<0.1%History
CDMOAvid Bioservices, Inc.COM4,116$51.0K<0.1%History
Akamai Technologies Inc00971TAL5NOTE 0.375% 9/0–$50.0K<0.1%–
Kraneshares Tr500767827ELEC VEH FUTUR1,926$40.0K<0.1%–
AZPNAspen Technology, Inc.COM158$39.0K<0.1%History
NARIInari Medical, Inc.Stock605$31.0K<0.1%History
Innovator ETFs Trust45782C284US SML CP PWR B1,014$30.0K<0.1%–
ZUOZuora IncCOM CL A2,718$27.0K<0.1%History
ALTRAltair Engineering Inc.COM CL A242$26.0K<0.1%History
ARCHArch Resources, Inc.CL A181$26.0K<0.1%History
Simplify Exchange Traded Fun82889N632ENHANCED INM ETF1,066$25.0K<0.1%–
iShares Tr46436E155CLIMATE CONSCI357$25.0K<0.1%–
VanEck ETF Trust92189H789DIGITAL INDIA ET539$24.0K<0.1%–
First Tr Exchange-Traded Alp33737M201MID CAP VAL FD359$19.0K<0.1%–
First Tr Exchange-Traded Alp33737M409SML CAP VAL ALPH322$18.0K<0.1%–
iShares Tr46434V886HDG MSCI JAPAN434$18.0K<0.1%–
First Tr Exchng Traded FD VI33740F581FT VEST NAS557$17.0K<0.1%–
ENLCEnLink Midstream, LLCCOM UNIT REP LTD1,200$17.0K<0.1%History
RVNCRevance Therapeutics, Inc.COM5,432$17.0K<0.1%History
ROICRetail Opportunity Investments CorpCOM934$16.0K<0.1%History
BALYBally's CorpCOM788$14.0K<0.1%History
MTTRMatterport, Inc.COM CL A2,765$13.0K<0.1%History
American Centy ETF Tr025072208US QUALITY VAL200$12.0K<0.1%–
Principal Exchange Traded FD74255Y870US MEGA CP ETF206$12.0K<0.1%–
FERFerrovial N.V.ORD SHS272$11.0K<0.1%History
Simplify Exchange Traded Fun82889N533MULTI QIS ALTERN378$9.00K<0.1%–
MUXMcEwen Inc.COM NEW1,000$8.00K<0.1%History
Sprott FDS Tr85208P303URANIUM MINERS E200$8.00K<0.1%–
New York Life Invts Active E45409F827MACKAY MUN INTER313$8.00K<0.1%–
ASAIYSendas Distributor S.A.SPON ADS1,563$7.00K<0.1%History
Ea Series Trust02072L342ARK 21SH ACT BTC203$7.00K<0.1%–
GEARRevelyst, Inc.COM SHS355$7.00K<0.1%History
RCSPIMCO Strategic Income Fund, Inc.CEF732$6.00K<0.1%History
UBFOUnited Security BancsharesCOM558$6.00K<0.1%History
GSGiShares S&P GSCI Commodity-Indexed TrustUNIT BEN INT207$5.00K<0.1%History
MOMOHello Group Inc.ADS585$5.00K<0.1%History
BWAYBrainsway Ltd.SPONSORED ADS500$5.00K<0.1%History
PSFCohen & Steers Select Preferred & Income Fund, Inc.COM251$5.00K<0.1%History
EDREndeavor Group Holdings, Inc.CL A COM165$5.00K<0.1%History
BGTBlackRock Floating Rate Income TrustCOM297$4.00K<0.1%History
CXEMFS High Income Municipal TrustSH BEN INT1,000$4.00K<0.1%History
Amplify ETF Tr032108631AMPLIFY ALTERNAT1,759$4.00K<0.1%–
NKLANikola CorpCOM NEW3,105$4.00K<0.1%History
DBX ETF Tr23306X829XTRA ART INT ETF100$3.00K<0.1%–
iShares Inc464286871MSCI HONG KG ETF181$3.00K<0.1%–
VISTVista Energy, S.A.B. de C.V.SPONSORED ADS60$3.00K<0.1%History
NMCONuveen Municipal Credit Opportunities FundCOM255$3.00K<0.1%History
BBNBlackRock Taxable Municipal Bond TrustSHS120$2.00K<0.1%History
CRTOCriteo S.A.SPONS ADS50$2.00K<0.1%History
SPDR Index Shs FDS78463X202ST STR EU 50 ETF39$2.00K<0.1%–
PSQHPSQ Holdings, Inc.CL A514$2.00K<0.1%History
HERZHerzfeld Credit Income Fund, IncCOM864$2.00K<0.1%History
IVACIntevac IncCOM700$2.00K<0.1%History
PSTXPoseida Therapeutics, Inc.COM179$2.00K<0.1%History
GOEVCanoo Inc.COM1,393$2.00K<0.1%History
Innovator Equity Defined Protection ETF - 6MO Jan/Jul45783Y244ETF45$1.00K<0.1%–
DBX ETF Tr233051283XTRACKERS SHRT23$1.00K<0.1%–
EBSEmergent BioSolutions Inc.COM133$1.00K<0.1%History
Carnival Corp Ltd.14365C103ADR30$1.00K<0.1%–
GATOGatos Silver, Inc.COM107$1.00K<0.1%History
ProShares Tr74347X864ULTRPRO S&P50014$1.00K<0.1%–
CTVInnovid Corp.COMMON STOCK264$1.00K<0.1%History
KALAKALA BIO, Inc.COMM STK200$1.00K<0.1%History
Lithium Americas Argentina Cor Com Shs53681K100Stock567$1.00K<0.1%–
ALARAlarum Technologies Ltd.ADR20$00.0%History
FTSFortis Inc.COM9$00.0%History
ATATAtour Lifestyle Holdings LtdSPONSORED ADS18$00.0%History
KLRSKalaris Therapeutics, Inc.COM5$00.0%History
Invesco Exchange Traded FD T46137V159S&P SPIN OFF6$00.0%–
LUNALuna Innovations IncCOM31$00.0%History
UBXUnity Biotechnology, Inc.COM500$00.0%History
MBIOMustang Bio, Inc.COM NEW133$00.0%History
CDTCDT Equity Inc.COM725$00.0%History
TTOOT2 Biosystems, Inc.Equity310$00.0%History
AILEiLearningEngines, Inc.COM700$00.0%History
WKHSWorkhorse Group Inc.COM SHS113$00.0%History
VIXYProShares Trust IIETF2$00.0%History
AREBAmerican Rebel Holdings IncCOM NEW34$00.0%History