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Livermore
Livermore
ZHEN

CWM, LLC

SEC CIK
0001535847
Latest filing
May 14, 2026

Holdings in Q2 2025

Holdings as of Jun 30, 2025, filed Jul 25, 2025. Long positions only; changes compare share counts with Q1 2025.

Institution overview
Positions
5,236
+38 vs. Q1 2025
Portfolio value
$28.4B
+$3.28B (+13.1%) vs. Q1 2025
Filed
Jul 25, 2025
SEC
Holdings of CWM, LLC in Q2 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Siren Nexgen Economy ETF829658202ETF10$00.0%00.0%Unchanged–
AOUTAmerican Outdoor Brands, Inc.COM40$00.0%00.0%UnchangedHistory
BEEMBeam GlobalCOM118$00.0%+100+555.6%AddedHistory
HOSTHost Digital Inc.CL A169$00.0%00.0%UnchangedHistory
HRZNHorizon Technology Finance CorpCOM25$00.0%00.0%UnchangedHistory
WRAPWrap Technologies, Inc.COM300$00.0%00.0%UnchangedHistory
CANCanaan Inc.SPONSORED ADS193$00.0%00.0%UnchangedHistory
CPZCalamos Long/Short Equity & Dynamic Income TrustCOM30$00.0%00.0%UnchangedHistory
SIMOSilicon Motion Technology CORPSPONSORED ADR2$00.0%00.0%UnchangedHistory
TMQTrilogy Metals Inc.COM75$00.0%00.0%UnchangedHistory
DNTHDianthus Therapeutics, Inc.COM15$00.0%−2−11.8%ReducedHistory
GBDCGolub Capital BDC, Inc.COM25$00.0%+25NewHistory
WIAWestern Asset Inflation-Linked Income FundCOM SH BEN INT37$00.0%00.0%UnchangedHistory
Bondbloxx ETF Trust09789C879JP MOR USD 1 ETF2$00.0%+2New–
SQFTWPresidio Property Trust, Inc.*W EXP 01/24/2025,124$00.0%00.0%UnchangedHistory
iShares Inc464286814MSCI NETHERL ETF9$00.0%−1,055−99.2%Reduced–
IPXIPERIONX LtdSPONSORED ADS11$00.0%+11NewHistory
SPDR Index Shs FDS78463X400SP CHINA ETF3$00.0%−578−99.5%Reduced–
GGBGerdau S.A.SPON ADR REP PFD137$00.0%−91−39.9%ReducedHistory
DOUGDouglas Elliman Inc.COM6$00.0%00.0%UnchangedHistory
CLMCornerstone Strategic Investment Fund, Inc.COM31$00.0%00.0%UnchangedHistory
KSPIJoint Stock Co Kaspi.kzSPONSORED ADS5$00.0%+5NewHistory
CPERUnited States Commodity Index Funds TrustCM REP COPP FD1$00.0%00.0%UnchangedHistory
HIXWestern Asset High Income Fund II Inc.COM68$00.0%+18+36.0%AddedHistory
TICTIC Solutions, Inc.COM2$00.0%+2NewHistory
RWAYRunway Growth Finance Corp.COM5$00.0%+5NewHistory
Abrdn ETFs003261203BBRG ALL COMMDY1$00.0%00.0%Unchanged–
VTMXVesta Real Estate Corporation, S.A.B. de C.V.ADS10$00.0%00.0%UnchangedHistory
GSLGlobal Ship Lease, Inc.COM CL A13$00.0%+13NewHistory
Schwab Strategic Tr808524656CRYPTO THEMATIC3$00.0%00.0%Unchanged–
VanEck ETF Trust92189F452MORTGAGE REIT13$00.0%−361−96.5%Reduced–
PPLTabrdn Platinum ETF TrustPHYSCL PLATM SHS1$00.0%−75−98.7%ReducedHistory
Diana Shipping Inc.Y2066G138*W EXP 12/14/202415$00.0%00.0%Unchanged–
J P Morgan Exchange Traded F46641Q126RLTY INCOME ETF9$00.0%−135−93.8%Reduced–
BWBabcock & Wilcox Enterprises, Inc.COM10$00.0%00.0%UnchangedHistory
APTAlpha Pro Tech LtdCOM100$00.0%00.0%UnchangedHistory
ABATAmerican Battery Technology CoCOM NEW67$00.0%00.0%UnchangedHistory
ASRVAmeriserv Financial IncCOM98$00.0%+2+2.1%AddedHistory
ARTVArtiva Biotherapeutics, Inc.COM10$00.0%−175−94.6%ReducedHistory
ASTIAscent Solar Technologies, Inc.COM NEW1$00.0%00.0%UnchangedHistory
BLDPBallard Power Systems Inc.COM300$00.0%00.0%UnchangedHistory
BTBTBit Digital, IncSHS184$00.0%−11,532−98.4%ReducedHistory
BBBLACKBERRY LtdCOM94$00.0%+8+9.3%AddedHistory
BRLTBrilliant Earth Group, Inc.CL A COM17$00.0%00.0%UnchangedHistory
CAMPCamp4 Therapeutics CorpCOM68$00.0%−192−73.8%ReducedHistory
CDIOCardio Diagnostics Holdings, Inc.COM NEW116$00.0%00.0%UnchangedConverted for a 1-for-30 splitHistory
CRISCuris IncCOM51$00.0%00.0%UnchangedHistory
CVRXCVRx, Inc.COM7$00.0%−48−87.3%ReducedHistory
DWSNDawson Geophysical CoCOM109$00.0%+109NewHistory
FSUNFirstsun Capital BancorpCOM2$00.0%+2NewHistory
FIRYFiry Inc.COM CL A20$00.0%+3+17.6%AddedHistory
HCMHUTCHMED (China) LtdSPONSORED ADS28$00.0%00.0%UnchangedHistory
IBOImpact Biomedical Inc.COMMON STOCK1$00.0%00.0%UnchangedHistory
INSGInseego Corp.COM NEW5$00.0%+5NewHistory
KGKestrel Group LtdCOM16$00.0%+16NewHistory
KVHIKVH Industries IncCOM68$00.0%+68NewHistory
KYNBKyntra Bio, Inc.COM NEW26$00.0%00.0%UnchangedConverted for a 1-for-25 splitHistory
LPTHLightpath Technologies IncCOM CL A12$00.0%+12NewHistory
LITSLite Strategy, Inc.COM1$00.0%00.0%UnchangedHistory
LGVNLongeveron Inc.CL A NEW3$00.0%+3NewHistory
MXMagnachip Semiconductor CorpCOM65$00.0%+50+333.3%AddedHistory
NTWKNetsol Technologies IncCOM PAR $.00110$00.0%00.0%UnchangedHistory
STIMNeuronetics, Inc.COM54$00.0%00.0%UnchangedHistory
NIUNiu TechnologiesADS50$00.0%+50NewHistory
NNBRNN IncCOM210$00.0%+15+7.7%AddedHistory
OVIDOvid Therapeutics Inc.COM1,506$00.0%+57+3.9%AddedHistory
PRSOPeraso Inc.COM NEW1$00.0%00.0%UnchangedHistory
RFLRafael Holdings, Inc.COM CL B8$00.0%00.0%UnchangedHistory
RCMTRCM Technologies, Inc.COM NEW10$00.0%00.0%UnchangedHistory
RDNWRideNow Group, Inc.COM CL B153$00.0%−588−79.4%ReducedHistory
SNDLSNDL Inc.COM160$00.0%00.0%UnchangedHistory
SPRUSpruce Power Holding CorpCOM NEW11$00.0%+11NewHistory
TLPHTalphera, Inc.COM NEW12$00.0%+12NewHistory
WVEWave Life Sciences, Inc.SHS31$00.0%+1+3.3%AddedHistory
WWRWestwater Resources, Inc.COM NEW335$00.0%00.0%UnchangedHistory
WHWKWhitehawk Therapeutics, Inc.COM25$00.0%00.0%UnchangedHistory
ZDGEZedge, Inc.CL B76$00.0%+76NewHistory
Alps ETF Tr00162Q593MED BREAKTHGH15$00.0%00.0%Unchanged–
Cambria ETF Tr132061821CANNABIS ETF1$00.0%−138−99.3%Reduced–
CDLXCardlytics, Inc.COM98$00.0%−120−55.0%ReducedHistory
Chesapeake Energy Corp165167180*W EXP 03/01/2022$00.0%+1+100.0%Added–
CRONCronos Group Inc.COM250$00.0%00.0%UnchangedHistory
CuriosityStream Inc.23130Q115*W EXP 10/14/202500$00.0%00.0%Unchanged–
EFTEaton Vance Floating-Rate Income TrustCOM40$00.0%00.0%UnchangedHistory
LNAILunai Bioworks Inc.COM207$00.0%−304−59.5%ReducedHistory
PCFHigh Income Securities FundSHS BEN INT57$00.0%00.0%UnchangedHistory
CCRDCoreCard CorpCOM15$00.0%−8−34.8%ReducedHistory
iShares Tr46429B200CHINA SM-CAP ETF1$00.0%00.0%Unchanged–
EDDMorgan Stanley Emerging Markets Domestic Debt Fund, Inc.COM48$00.0%00.0%UnchangedHistory
NEWPNew Pacific Metals CorpCOMMON STOCK100$00.0%00.0%UnchangedHistory
OPIOffice Properties Income TrustCOM SHS BEN INT815$00.0%00.0%UnchangedHistory
PASGPassage BIO, Inc.COM5$00.0%00.0%UnchangedHistory
ProShares Tr74347X823ULTRPRO DOW301$00.0%00.0%Unchanged–
SCYXScynexis IncCOM NEW191$00.0%00.0%UnchangedHistory
IGAVoya Global Advantage & Premium Opportunity FundCOM1$00.0%00.0%UnchangedHistory
WHFWhiteHorse Finance, Inc.COM9$00.0%+9NewHistory
WisdomTree Tr97717X867EM LCL DEBT FD1$00.0%−1,650−99.9%Reduced–
CSTECaesarstone Ltd.ORD SHS194$00.0%+103+113.2%AddedHistory
ASRTAssertio Holdings, Inc.COM NEW2$00.0%00.0%UnchangedHistory
ORGNOrigin Materials, Inc.COM200$00.0%00.0%UnchangedHistory

Options (5)

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 Q2 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$480.0K$2.02M
NVDANVIDIA CorpStock$22.0K–
AAPLApple Inc.Stock$15.0K–
AMZNAmazon Com IncStock$6.00K–
GEGeneral Electric CoStock$1.00K–

Sold out since Q1 2025 (163)

Positions held at the end of Q1 2025 that are gone from this filing.

The largest 100 of 163 by value last quarter.

Positions of CWM, LLC sold out since Q1 2025
SecurityClassShares in Q1 2025Value in Q1 2025% of portfolio in Q1 2025History
Managed Portfolio Series56167N720TORTOISE NRAM PI270,834$9.85M<0.1%–
Victory Portfolios II92647N774VCSHS US DISCVRY44,800$2.31M<0.1%–
ITCIIntra-Cellular Therapies, Inc.COM16,812$2.22M<0.1%History
DFSDiscover Financial ServicesCOM11,233$1.92M<0.1%History
ProShares Tr74347G192ULTRAPRO SHT QQQ26,507$1.02M<0.1%–
PYCRPaycor HCM, Inc.COM40,553$910.0K<0.1%History
BERYBerry Global Group, Inc.COM9,792$684.0K<0.1%History
Innovator ETFs Tr45783Y525PREM INC 20 BARR19,907$471.0K<0.1%–
Barrick Gold Corp067901108COM18,249$355.0K<0.1%–
SWISolarWinds CorpCOM16,443$303.0K<0.1%History
Innov Prem Inc 20 Barr - Jan45783Y657ETP11,872$288.0K<0.1%–
XUnited States Steel CorpCOM5,090$215.0K<0.1%History
SASRSandy Spring Bancorp IncCOM7,542$211.0K<0.1%History
JWNNordstrom IncStock7,295$178.0K<0.1%History
FLICFirst of Long Island CorpCOM14,375$178.0K<0.1%History
ACCDAccolade, Inc.COM24,618$172.0K<0.1%History
Invesco Exch TRD SLF Idx FD46138J593RUSL 2000 DYNM3,921$149.0K<0.1%–
FBMSFirst Bancshares IncCOM3,233$109.0K<0.1%History
Gmo ETF Trust90139K100US QUALITY ETF3,457$108.0K<0.1%–
HEESH&E Equipment Services, Inc.COM1,047$99.0K<0.1%History
FGBFirst Trust Specialty Finance & Financial Opportunities FundCOM BEN INTR21,765$94.0K<0.1%History
PDCOPatterson Companies, Inc.COM2,920$91.0K<0.1%History
ATSGAir Transport Services Group, Inc.COM3,975$89.0K<0.1%History
Global X FDS37954Y491DAX GERMANY ETF1,550$61.0K<0.1%–
Innov Prem Inc 10 Barr-July45783Y574ETP2,416$60.0K<0.1%–
LGTYLogility Supply Chain Solutions, IncCL A4,137$59.0K<0.1%History
Victory Portfolios II92647N568USAA MSCI USA SM670$53.0K<0.1%–
Ea Series Trust02072L714BRIDGEWAY BLUE4,000$51.0K<0.1%–
MLMoneylion Inc.COMM STK585$51.0K<0.1%History
Invesco Exch TRD SLF Idx FD46138J395BULETSHS 2029 HG2,382$50.0K<0.1%–
Invesco Exch TRD SLF Idx FD46138J452INVSCO 28 HYCORP2,200$48.0K<0.1%–
SPDR Series Trust78468R887ST STR R2K LOWV367$45.0K<0.1%–
Columbia ETF Tr II19762B707INDIA CONSMR ETF720$43.0K<0.1%–
Principal Exchange Traded FD74255Y102ACTIVE HIGH YL2,128$41.0K<0.1%–
Starz Entertainment Corp535919401CL A VTG4,361$39.0K<0.1%–
PTVEPactiv Evergreen Inc.COM1,951$35.0K<0.1%History
ETF Ser Solutions26922A388APTUS DEFINED1,181$32.0K<0.1%–
SLRNACELYRIN, Inc.COM13,090$32.0K<0.1%History
Neos ETF Trust78433H683MAST GLOBAL BATT1,268$30.0K<0.1%–
Fidelity Merrimack STR Tr316188606INVESTMENT GR BD685$29.0K<0.1%–
iShares Tr464287390LATN AMER 40 ETF1,175$28.0K<0.1%–
iShares Tr46435U192GENOMICS IMMUN1,361$28.0K<0.1%–
Schwab Strategic Tr808524789FUNDAMENTAL US B1,170$27.0K<0.1%–
Neuberger Berman ETF Trust64135A408BERMAN COMMODITY1,197$27.0K<0.1%–
Invesco Exchange Traded FD T46137V456S&P MDCP VLU MNT500$26.0K<0.1%–
Fidelity Merrimack STR Tr316188200LTD TRM BD ETF485$24.0K<0.1%–
Trust for Professional Manag89834G760CONVERGENCE LNG1,000$22.0K<0.1%–
PLYAPlaya Hotels & Resorts N.V.SHS1,593$21.0K<0.1%History
Fidelity Covington Trust316092782VLU FACTOR ETF335$20.0K<0.1%–
Despegar Com CorpG27358103ORD SHS996$19.0K<0.1%–
FSMFortuna Mining Corp.Stock3,000$18.0K<0.1%History
RAPTRAPT Therapeutics, Inc.COM14,466$18.0K<0.1%History
FNAParagon 28, Inc.COM1,400$18.0K<0.1%History
UUPInvesco DB US Dollar Index Bullish FundBULLISH FD545$16.0K<0.1%History
FLNTFluent, Inc.COM NEW7,206$16.0K<0.1%History
VGZVista Gold CorpCOM NEW19,316$16.0K<0.1%History
BNY Mellon ETF Trust09661T800HIGH YIELD ETF318$15.0K<0.1%–
Fidelity Covington Trust316092816MOMENTUM FACTR236$15.0K<0.1%–
Direxion Shs ETF Tr25459W847DLY SMCAP BULL3X500$15.0K<0.1%–
EQCEQC Liquidating TrustCOM SH BEN INT8,862$14.0K<0.1%History
KULRKULR Technology Group, Inc.Common Stock10,275$14.0K<0.1%History
SPYUBank of MontrealNT LKD 43395$14.0K<0.1%History
Invesco Exchange Traded FD T46137V399S&P500 BUY WRT590$13.0K<0.1%–
Investment Managers Ser Tr I46144X107AXS CHANGE FINAN345$13.0K<0.1%–
AMPSAltus Power, Inc.COM CL A2,385$12.0K<0.1%History
VanEck ETF Trust92189H813HIP SUSTBLE MUNI253$11.0K<0.1%–
ZGNErmenegildo Zegna N.V.ORD SHS1,375$10.0K<0.1%History
LSEALandsea Homes CorpCOM1,582$10.0K<0.1%History
RGLSRegulus Therapeutics Inc.COM5,781$10.0K<0.1%History
VCSAVacasa, Inc.COMMON STOCK1,845$10.0K<0.1%History
First Tr Exch Traded FD III33739P889HORIZON DMST ETF222$9.00K<0.1%–
BlackRock ETF Trust09290C830ISHA U S IND ETF305$8.00K<0.1%–
BlackRock ETF Trust II092528108SHOR DURA HI ETF341$8.00K<0.1%–
HBMHudbay Minerals Inc.COM1,000$8.00K<0.1%History
NOVASunnova Energy International Inc.COM21,522$8.00K<0.1%History
ENFNEnfusion, Inc.CL A710$8.00K<0.1%History
TSVT2seventy bio, Inc.COMMON STOCK1,699$8.00K<0.1%History
BLUEbluebird bio, Inc.COM NEW1,722$8.00K<0.1%History
First Tr Exch Traded FD III33739P871HORIZON MNGD ETF216$7.00K<0.1%–
TSEMTower Semiconductor LtdSHS NEW186$7.00K<0.1%History
BECNQxo Building Products, Inc.COM60$7.00K<0.1%History
CDTCDT Equity Inc.COM8,957$7.00K<0.1%History
Invesco Exchange Traded FD T46137V662PHARMACEUTICALS67$6.00K<0.1%–
First Tr Exch Traded FD III33741Y100HORIZON VOL SMCP176$6.00K<0.1%–
EVBNEvans Bancorp IncCOM NEW155$6.00K<0.1%History
VPVInvesco Pennsylvania Value Municipal Income TrustCOM600$6.00K<0.1%History
Starz Entertainment Corp535919500CL B NON VTG754$6.00K<0.1%–
NVRONevro CorpCOM961$6.00K<0.1%History
JBIOJade Biosciences, Inc.COM2,315$6.00K<0.1%History
CXDOCrexendo, Inc.COM1,000$5.00K<0.1%History
FFNWFirst Financial Northwest, Inc.COM178$4.00K<0.1%History
INZYInozyme Pharma, Inc.COM4,169$4.00K<0.1%History
JRSNuveen Real Estate Income FundCOM500$4.00K<0.1%History
Invesco Exch Traded FD Tr II46138E636INTL CORP BD131$3.00K<0.1%–
Vanguard Scottsdale FDS92206C730VNG RUS1000IDX13$3.00K<0.1%–
SPDR Series Trust78464A516ST INTL BBG ETF139$3.00K<0.1%–
HGLBHighland Global Allocation FundCOM377$3.00K<0.1%History
SVXYProShares Trust IISHT VIX ST TRM67$3.00K<0.1%History
Xtrackers International Real Estate ETF233051846ETF76$2.00K<0.1%–
iShares Tr46435G417CR 5 10 YR ETF55$2.00K<0.1%–