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CWM, LLC

SEC CIK
0001535847
Latest filing
May 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Oct 15, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
5,478
+242 vs. Q2 2025
Portfolio value
$33.2B
+$4.89B (+17.3%) vs. Q2 2025
Filed
Oct 15, 2025
SEC
Holdings of CWM, LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Core S&P 500 ETF464287200ETF1,353,920$906.2M2.7%+125,001+10.2%Added–
iShares Tr46434V613CORE UNIVRSL USD17,108,743$799.1M2.4%−266,369−1.5%Reduced–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF9,958,969$780.2M2.3%+18,453+0.2%Added–
AAPLApple Inc.Stock2,506,458$638.2M1.9%+196,092+8.5%AddedHistory
iShares MSCI USA Quality Factor ETF46432F339ETF3,247,550$631.6M1.9%−139,585−4.1%Reduced–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF14,633,828$626.2M1.9%+452,210+3.2%Added–
NVDANVIDIA CorpStock3,291,598$614.1M1.8%+327,949+11.1%AddedHistory
iShares S&P 500 Growth ETF464287309ETF4,798,004$579.2M1.7%−443,395−8.5%Reduced–
MSFTMicrosoft CorpStock1,010,930$523.6M1.6%+70,796+7.5%AddedHistory
BlackRock ETF Trust09290C103ISHARES US EQUIT7,907,088$468.1M1.4%+45,438+0.6%Added–
State Street SPDR Portfolio Aggregate Bond ETF78464A649ETF16,996,647$439.4M1.3%−91,062−0.5%Reduced–
iShares Tr464288877EAFE VALUE ETF6,428,350$436.0M1.3%+82,277+1.3%Added–
iShares S&P 500 Value ETF464287408ETF1,876,261$387.5M1.2%+9,161+0.5%Added–
iShares S&P 100 ETF464287101ETF1,163,773$387.4M1.2%+652,134+127.5%Added–
PIMCO Active Bond Exchange-Traded Fund72201R775ETF3,971,761$370.8M1.1%+108,520+2.8%Added–
AMZNAmazon Com IncStock1,471,124$323.0M1.0%+87,822+6.3%AddedHistory
Invesco QQQ Trust Series I46090E103ETF532,105$319.5M1.0%+7,156+1.4%Added–
Invesco Exch Traded FD Tr II46138E339S&P 500 MOMNTM2,622,555$317.5M1.0%+164,530+6.7%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF4,416,474$291.1M0.9%+276,508+6.7%Added–
State Street SPDR Portfolio S&P 500 Growth ETF78464A409ETF2,774,152$289.9M0.9%+113,156+4.3%Added–
SPDR Series Trust78468R804ST STR R1K LOWV1,524,059$271.5M0.8%+143,448+10.4%Added–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF4,728,484$270.4M0.8%+33,612+0.7%Added–
State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663ETF2,843,810$260.9M0.8%+483,773+20.5%Added–
SPDR Series Trust78464A805ST STR PR SP15003,127,476$252.2M0.8%−78,385−2.4%Reduced–
GOOGLAlphabet Inc.Stock1,025,597$249.3M0.7%+61,862+6.4%AddedHistory
Vanguard Morningstar Growth ETF922908736ETF518,983$248.9M0.7%−13,207−2.5%Reduced–
SPYSPDR S&P 500 ETF TrustETF353,546$235.5M0.7%+51,294+17.0%AddedHistory
iShares MSCI USA Momentum Factor ETF46432F396ETF911,115$233.7M0.7%+11,546+1.3%Added–
Schwab U.S. Large-Cap Growth ETF808524300ETF7,302,629$233.0M0.7%+27,859+0.4%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF4,074,439$225.4M0.7%−113,881−2.7%Reduced–
SPDR Series Trust78468R523ST STR BL 12 ETF2,151,374$214.1M0.6%+275,464+14.7%Added–
AVGOBroadcom Inc.Stock625,944$206.5M0.6%+47,000+8.1%AddedHistory
BRK.BBerkshire Hathaway IncStock373,380$187.7M0.6%+53,629+16.8%AddedHistory
iShares Tr464288588MBS ETF1,902,903$181.1M0.5%−34,919−1.8%Reduced–
iShares Tr46428865310-20 YR TRS ETF1,739,131$179.1M0.5%+51,394+3.0%Added–
METAMeta Platforms, Inc.Stock242,774$178.3M0.5%+6,425+2.7%AddedHistory
Ssga Active ETF Tr78467V848ST STR TOTAL ETF4,283,204$173.8M0.5%+910,664+27.0%Added–
State Street Technology Select Sector SPDR ETF81369Y803ETF615,956$173.6M0.5%+37,641+6.5%Added–
First Tr Exchng Traded FD VI33740F755FT LADD BUFF ETF5,081,884$169.8M0.5%+10,545+0.2%Added–
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund72201R833ETF1,655,565$166.7M0.5%+175,965+11.9%Added–
TSLATesla, Inc.Stock374,543$166.6M0.5%+22,757+6.5%AddedHistory
BlackRock ETF Trust09290C780ISHA I IN TE ETF4,850,165$165.7M0.5%+2,216,153+84.1%Added–
SPDR Series Trust78464A672ST INTER ETF5,340,397$154.3M0.5%+783,183+17.2%Added–
JPMJPMorgan Chase & CoStock480,453$151.5M0.5%+54,635+12.8%AddedHistory
Schwab US Dividend Equity ETF808524797ETF5,393,495$147.2M0.4%−221,368−3.9%Reduced–
Ssga Active ETF Tr78467V707ST STR UL BD ETF3,562,010$144.9M0.4%+434,344+13.9%Added–
Vanguard S&P 500 ETF922908363ETF228,956$140.2M0.4%+1,893+0.8%Added–
J P Morgan Exchange Traded F46654Q609ACTIVE GROWTH1,484,745$139.2M0.4%+50,038+3.5%Added–
IAUiShares Gold TrustETF1,896,741$138.0M0.4%+859,525+82.9%AddedHistory
GLDSPDR Gold TrustETF371,613$132.1M0.4%+24,405+7.0%AddedHistory
Putnam ETF Trust746729300FOCUSED LAR CAP3,054,488$130.5M0.4%+453,406+17.4%Added–
BlackRock ETF Trust09290C806ISHA US THEM ETF3,209,860$121.5M0.4%+45,440+1.4%Added–
WMTWalmart Inc.Stock1,175,703$121.2M0.4%+229,220+24.2%AddedHistory
Fidelity Merrimack STR Tr316188309TOTAL BD ETF2,617,055$121.0M0.4%+458,305+21.2%Added–
JNJJohnson & JohnsonStock605,826$112.3M0.3%+66,639+12.4%AddedHistory
J P Morgan Exchange Traded F46641Q134INTRNL RES EQT1,514,521$111.4M0.3%+103,411+7.3%Added–
J P Morgan Exchange Traded F46641Q332EQUITY PREMIUM1,947,086$111.2M0.3%−13,284−0.7%Reduced–
SPDR Index Shs FDS78463X103PORTFLO EURP ETF2,215,382$110.3M0.3%+168,266+8.2%Added–
PIMCO ETF Tr72201R817INV GRD CRP BD1,106,492$109.1M0.3%−247,539−18.3%Reduced–
GOOGAlphabet Inc.Stock442,829$107.9M0.3%+59,721+15.6%AddedHistory
iShares Tr46435G672CORE INTL AGGR2,090,068$107.1M0.3%+81,776+4.1%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF2,263,731$106.0M0.3%+73,219+3.3%Added–
Vanguard Morningstar Value ETF922908744ETF556,104$103.7M0.3%−19,045−3.3%Reduced–
iShares Flexible Income Active ETF092528603ETF1,936,512$103.1M0.3%+4,615+0.2%Added–
XOMExxonMobil Holdings CorpCOM909,029$102.5M0.3%+137,102+17.8%AddedHistory
Tidal Trust II88636J204RET STCKD GL STK3,552,982$100.1M0.3%+83,195+2.4%Added–
PGProcter & Gamble CoStock648,954$99.7M0.3%+123,117+23.4%AddedHistory
Capital Group Growth ETF14020G101SHS CREAT UNIT2,186,889$96.0M0.3%+404,251+22.7%Added–
SPDR Series Trust78464A656ST STR TIPS ETF3,541,271$93.2M0.3%+512,866+16.9%Added–
ORCLOracle CorpStock328,009$92.2M0.3%+17,064+5.5%AddedHistory
iShares Tr464288760US AER DEF ETF437,468$91.5M0.3%+409,618+1,470.8%Added–
HDHome Depot, Inc.Stock224,521$91.0M0.3%+14,586+6.9%AddedHistory
Invesco Actively Managed Exc46090A804TOTAL RETURN1,899,614$90.3M0.3%+200,273+11.8%Added–
PIMCO ETF Tr72201R718ENHNCD LW DUR AC923,898$88.8M0.3%+56,803+6.6%Added–
ABBVAbbVie Inc.Stock379,652$87.9M0.3%+56,269+17.4%AddedHistory
Capital Group Dividend Value14020W106SHS CREAT UNIT2,082,026$87.5M0.3%+391,763+23.2%Added–
WisdomTree Tr97717W208US HIGH DIVIDEND859,127$86.6M0.3%+14,915+1.8%Added–
CSCOCisco Systems, Inc.Stock1,244,565$85.2M0.3%+57,190+4.8%AddedHistory
PLTRPalantir Technologies Inc.Stock458,063$83.6M0.3%+111,388+32.1%AddedHistory
PIMCO ETF Tr72201R585MULTISECTOR BD3,088,283$82.9M0.2%+1,752,168+131.1%Added–
VVisa Inc.Stock236,039$80.6M0.2%+18,192+8.4%AddedHistory
MRKMerck & Co., Inc.Stock955,066$80.2M0.2%+183,089+23.7%AddedHistory
American Centy ETF Tr025072703INTL EQT ETF992,713$78.3M0.2%+128,893+14.9%Added–
iShares Tr464287150CORE S&P TTL STK526,024$76.6M0.2%+38,639+7.9%Added–
WisdomTree Tr97717X172US HGH YLD CORP1,642,706$76.5M0.2%+44,891+2.8%Added–
LLYEli Lilly & CoStock98,555$75.2M0.2%+9,812+11.1%AddedHistory
iShares MSCI USA Min Vol Factor ETF46429B697ETF784,525$74.6M0.2%+23,302+3.1%Added–
WisdomTree Tr97717Y790US EFFIC CORE FD1,367,800$73.8M0.2%+104,136+8.2%Added–
Simplify Exchange Traded Fun82889N699MANAGED FUTURES2,611,640$73.0M0.2%+235,801+9.9%Added–
GEGeneral Electric CoStock238,802$71.8M0.2%+40,216+20.3%AddedHistory
SPDR Series Trust78464A664ST LON TREAS ETF2,653,508$71.5M0.2%+195,886+8.0%Added–
Capital Group Core Balanced14021D107SHS2,050,753$71.2M0.2%−156,812−7.1%Reduced–
Vanguard Morningstar Total Stock Market ETF922908769ETF215,943$70.9M0.2%+70,544+48.5%Added–
PEPPepsiCo IncStock497,740$69.9M0.2%+148,344+42.5%AddedHistory
iShares Core U.S. Aggregate Bond ETF464287226ETF681,686$68.3M0.2%+23,246+3.5%Added–
iShares Tr464288414NATIONAL MUN ETF640,101$68.2M0.2%+123,450+23.9%Added–
VanEck Morningstar Wide Moat ETF92189F643ETF682,275$67.6M0.2%−200,614−22.7%Reduced–
American Centy ETF Tr025072505DIVERSIFIED MU1,338,537$67.2M0.2%+215,597+19.2%Added–
Schwab International Equity ETF808524805ETF2,833,034$66.0M0.2%−458,505−13.9%Reduced–
First Trust Rising Dividend Achievers ETF33738R506ETF979,064$65.9M0.2%−38,045−3.7%Reduced–

Options (8)

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 Q3 2025
SecurityClassPutsCalls
SPYSPDR S&P 500 ETF TrustETF$1.58M$2.79M
NVDANVIDIA CorpStock$47.0K–
AMZNAmazon Com IncStock$19.0K–
IBITiShares Bitcoin Trust ETFETF–$13.0K
GEGeneral Electric CoStock$8.00K–
GEVGE Vernova Inc.Stock$8.00K–
AAPLApple Inc.Stock$7.00K–
AZNAstraZeneca PLCSPONSORED ADR$5.00K–

Sold out since Q2 2025 (181)

Positions held at the end of Q2 2025 that are gone from this filing.

The largest 100 of 181 by value last quarter.

Positions of CWM, LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
ANSSAnsys IncCOM10,214$3.59M<0.1%History
SKXSkechers USA IncCL A45,798$2.89M<0.1%History
HESHess CorpStock10,199$1.41M<0.1%History
Stone Ridge Tr86172B601LIFEX 2053 LONGE9,910$1.40M<0.1%–
iShares Tr46436E33820+ YEAR TR BD60,001$1.39M<0.1%–
ProShares Tr74347R248LARGE CAP CRE17,292$1.22M<0.1%–
Vanguard Wellington FD921935508US MOMENTUM6,515$1.12M<0.1%–
WBAWalgreens Boots Alliance, Inc.COM89,300$1.02M<0.1%History
CHXChampionX CorpCOM37,240$925.0K<0.1%History
PPBIPacific Premier Bancorp IncCOM38,457$811.0K<0.1%History
NVEENV5 Global, Inc.COM31,986$739.0K<0.1%History
BPMCBlueprint Medicines CorpCOM5,214$668.0K<0.1%History
AZEKAZEK Co Inc.CL A12,183$662.0K<0.1%History
SAGESage Therapeutics, Inc.COM47,174$430.0K<0.1%History
BASECouchbase, Inc.COM17,208$420.0K<0.1%History
iShares Tr46435U333FOCUSD VAL FAC5,657$407.0K<0.1%–
AMEDAmedisys IncCOM3,517$346.0K<0.1%History
MAVPioneer Municipal High Income Advantage Fund, Inc.COM36,274$301.0K<0.1%History
SWTXSpringWorks Therapeutics, Inc.COM6,390$300.0K<0.1%History
BRKLBrookline Bancorp IncCOM26,779$283.0K<0.1%History
JNPRJuniper Networks IncCOM6,632$265.0K<0.1%History
DNBDun & Bradstreet Holdings, Inc.COM27,219$247.0K<0.1%History
STRSitio Royalties Corp.CLASS A COM12,431$228.0K<0.1%History
Fidelity Covington Trust316092618ENHA HIGH YI ETF4,284$209.0K<0.1%–
RDUSRadius Recycling, Inc.CL A6,292$187.0K<0.1%History
UNITUniti Group Inc.COM42,930$185.0K<0.1%History
Mag Silver Corp55903Q104COM8,524$180.0K<0.1%–
VERVVerve Therapeutics, Inc.COM15,352$172.0K<0.1%History
FAROFaro Technologies IncCOM3,535$155.0K<0.1%History
American Centy ETF Tr025072307US QUALITY GROW1,155$126.0K<0.1%–
ESGREnstar Group LTDSHS370$124.0K<0.1%History
ITOSiTeos Therapeutics, Inc.COM12,013$120.0K<0.1%History
GMSGMS Inc.COM1,052$114.0K<0.1%History
OLOOlo Inc.CL A11,907$106.0K<0.1%History
DXYZDestiny Tech100 Inc.CEF2,510$96.0K<0.1%History
EVFEaton Vance Senior Income TrustSH BEN INT15,300$87.0K<0.1%History
TGITriumph Group IncCOM3,181$82.0K<0.1%History
Stone Ridge Tr86172B106LIFEX 2048 LG640$76.0K<0.1%–
Invesco Exchange Traded FD T46137V605DJ INDL AVG DV1,359$72.0K<0.1%–
Flexshares Tr33939L860QUALT DIVD IDX921$67.0K<0.1%–
RDFNRedfin CorpCOM5,815$65.0K<0.1%History
SPTNSpartanNash CoCOM2,436$65.0K<0.1%History
EVRIEveri Holdings Inc.COM4,350$62.0K<0.1%History
Franklin Templeton ETF Tr35473P769FRANKLIN INDIA1,457$58.0K<0.1%–
SPDR Series Trust78464A334SST SPDR BLOOMBE2,000$56.0K<0.1%–
Invesco Exch Traded FD Tr II46138E719BLOO EN ANGE ETF3,000$55.0K<0.1%–
Goldman Sachs ETF Tr38149W788CMN1,367$52.0K<0.1%–
Northern Lights FD Tr66538J738AGILITY SHS DYNA2,289$51.0K<0.1%–
ProShares Tr74347G606S&P TECH DIVIDEN584$49.0K<0.1%–
WisdomTree Tr97717W760INTL SMCAP DIV617$46.0K<0.1%–
Federated Hermes ETF Trust31423L404TOTA RETU BD ETF1,324$33.0K<0.1%–
EBTCEnterprise Bancorp IncCOM800$32.0K<0.1%History
YMABY-mAbs Therapeutics, Inc.COM7,121$32.0K<0.1%History
BLEBlackRock Municipal Income Trust IICOM2,852$29.0K<0.1%History
PONYPony AI Inc.SPONSORED ADS2,144$28.0K<0.1%History
THRDThird Harmonic Bio, Inc.COM4,897$27.0K<0.1%History
SSBKSouthern States Bancshares, Inc.COM693$25.0K<0.1%History
Simplify Exchange Traded Fun82889N558SIMPLIFY OPPORT1,021$24.0K<0.1%–
Ea Series Trust02072L3590356$24.0K<0.1%–
BHCBausch Health Companies Inc.Stock3,500$23.0K<0.1%History
Golden Ocean Group LtdG39637205SHS NEW3,019$22.0K<0.1%–
FLFoot Locker, Inc.COM834$20.0K<0.1%History
PIMCO ETF Tr72201R403BROAD US TIPS375$20.0K<0.1%–
First Tr Exchange-Traded FD33739G103MNGD FUTRS STRGY405$18.0K<0.1%–
SHYFShyft Group, Inc.COM1,410$18.0K<0.1%History
First Tr Exchange-Traded FD33733A201DOW 30 EQL WGT453$17.0K<0.1%–
SVMSilvercorp Metals IncCOM3,750$16.0K<0.1%History
iShares Tr46434V514MSCI CHINA A548$16.0K<0.1%–
Tidal Trust I886364637FOLI AL RATE ETF409$15.0K<0.1%–
Harris Oakmark ETF Trust41456U106OAKMARK U S LRG573$15.0K<0.1%–
CRGXCARGO Therapeutics, Inc.COM3,757$15.0K<0.1%History
Agf Invts Tr00110G408US MARKET NETRL798$14.0K<0.1%–
Morgan Stanley Pathway FDS61769L858LARGE CAP EQTY278$14.0K<0.1%–
Invesco Exchange Traded FD T46137V803DWA CYCLICALS143$14.0K<0.1%–
HYIWestern Asset High Yield Opportunity Fund Inc.COM1,150$14.0K<0.1%History
First Tr Exchng Traded FD VI33740F821ACTV FCTR LGCP357$13.0K<0.1%–
IGMSIGM Biosciences, Inc.COM11,268$13.0K<0.1%History
KLGWK Kellogg CoCOM836$13.0K<0.1%History
Invesco Exchange Traded FD T46137V845DORSEY WRGT INDS75$12.0K<0.1%–
Victory Portfolios II92647N667VICSHS DV AC ETF232$12.0K<0.1%–
INOInovio Pharmaceuticals, Inc.COM SHS5,532$11.0K<0.1%History
First Tr Exchange Trad FD VI33740Y101ALT ABSLT STRG370$10.0K<0.1%–
Innovator ETFs Trust45784N841GROWTH 100 PWR B400$10.0K<0.1%–
iShares Tr46436E346MSCI WTR MGMT MS300$10.0K<0.1%–
JSPRJasper Therapeutics, Inc.COM NEW1,532$9.00K<0.1%History
ESSAESSA Bancorp, Inc.COM450$9.00K<0.1%History
Innovator ETFs Trust45782C888US EQT BUFR APR167$8.00K<0.1%–
ARCOArcos Dorados Holdings Inc.SHS CLASS -A -1,046$8.00K<0.1%History
Principal Exchange Traded FD74255Y870US MEGA CP ETF132$8.00K<0.1%–
Invesco Exchange Traded FD T46137V860DWA FINL MUMT138$8.00K<0.1%–
Pacer Trendpilot US Mid Cap ETF69374H204ETF192$7.00K<0.1%–
MMTAberdeen Multi-Market Income FundSH BEN INT1,569$7.00K<0.1%History
Absolute Shs Tr00400R858WBI PWR FACTOR227$7.00K<0.1%–
Franklin Templeton ETF Tr35473P637FTSE JAPAN HDG222$7.00K<0.1%–
TPICQTpi Composites, IncCOM7,736$7.00K<0.1%History
Goldman Sachs ETF Tr38149W796FUTURE206$7.00K<0.1%–
Direxion Shs ETF Tr25460E307AUSPCE CMD STG234$6.00K<0.1%–
iShares Tr46434V1000-5YR INVT GR CP111$6.00K<0.1%–
BWGBrandywineGLOBAL-Global Income Opportunities Fund IncCOM671$6.00K<0.1%History
MCRMFS Charter Income TrustSH BEN INT974$6.00K<0.1%History