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Livermore
Livermore
ZHEN

Denver Wealth Management, Inc.

SEC CIK
0001909800
Latest filing
Aug 7, 2026

The latest 13F from Denver Wealth Management, Inc. covers Q2 2026 (filed Aug 7, 2026): 109 long positions worth $349.3M. The top 10 holdings make up 69.7% of the portfolio, and the largest is State Street SPDR Portfolio S&P 500 ETF at 20.9%. Livermore has 19 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
17
Est. +$18.4M
Added
40
Est. +$18.1M
Reduced
48
Est. −$17.9M
Sold out
8
Est. −$2.90M

Top 5 holdings

Share of this quarter's portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF78464A854
    20.9%$73.0M
  2. Invesco Nasdaq 100 ETF46138G649
    18.9%$65.9M
  3. Invesco Exch Traded FD Tr II46138G698
    6.4%$22.4M
  4. Lazard Active ETF Tr52110K400
    5.7%$19.7M
  5. iShares Russell 1000 Growth ETF464287614
    4.0%$14.1M

Share of portfolio

Top 5 holdings and the other 104 positions, by share of portfolio value

  1. State Street SPDR Portfolio S&P 500 ETF20.9%
  2. Invesco Nasdaq 100 ETF18.9%
  3. Invesco Exch Traded FD Tr II6.4%
  4. Lazard Active ETF Tr5.7%
  5. iShares Russell 1000 Growth ETF4.0%
  6. Other 104 positions44.1%

Biggest buys

New and added positions, by estimated amount bought

  1. Putnam ETF Trust746729300
    +$8.75MNew
  2. PIMCO ETF Tr72201R585
    +$5.09MNew
  3. State Street SPDR Portfolio S&P 500 ETF78464A854
    +$5.07MAdded
  4. Lazard Active ETF Tr52110K400
    +$4.62MAdded
  5. Global X FDS37960A438
    +$2.36MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Putnam ETF Trust746729300
    +2.50 pp0.0% → 2.5%
  2. PIMCO ETF Tr72201R585
    +1.46 pp0.0% → 1.5%
  3. Invesco Nasdaq 100 ETF46138G649
    +1.12 pp17.8% → 18.9%
  4. Lazard Active ETF Tr52110K400
    +0.94 pp4.7% → 5.7%
  5. State Street SPDR Portfolio S&P 500 ETF78464A854
    +0.54 pp20.3% → 20.9%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −$7.14MReduced
  2. iShares Russell 1000 Growth ETF464287614
    −$3.58MReducedConverted for a 4-for-1 split
  3. Invesco Exch TRD SLF Idx FD46138J791
    −$869.0KReduced
  4. Vanguard S&P 500 ETF922908363
    −$834.5KReduced
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −$728.3KSold out

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. State Street SPDR Portfolio S&P 500 Value ETF78464A508
    −2.33 pp2.7% → 0.4%
  2. iShares Russell 1000 Growth ETF464287614
    −1.19 pp5.2% → 4.0%
  3. Invesco Exch TRD SLF Idx FD46138J791
    −0.32 pp0.4% → 0.1%
  4. Vanguard S&P 500 ETF922908363
    −0.28 pp0.9% → 0.7%
  5. State Street Energy Select Sector SPDR ETF81369Y506
    −0.25 pp0.3% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$349.3M
+$58.6M (+20.2%) vs. prior quarter
Positions
109
+9 vs. prior quarter
Top 10 concentration
69.7%
Top 10 as share of value
Turnover
6.5%
Q2 2026, one quarter
Average holding period
13.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

19 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $349.3M (Q2 2026)

Q1 2021: $94.8MQ4 2021: $104.2MQ2 2022: $95.8MQ3 2022: $105.5MQ4 2022: $133.9MQ1 2023: $144.0MQ2 2023: $143.3MQ3 2023: $154.6MQ4 2023: $176.7MQ1 2024: $195.9MQ2 2024: $199.6MQ3 2024: $216.0MQ4 2024: $222.1MQ1 2025: $219.3MQ2 2025: $241.7MQ3 2025: $271.4MQ4 2025: $282.2MQ1 2026: $290.7MQ2 2026: $349.3M
Q1 2021Q2 2026
13F filings of Denver Wealth Management, Inc. by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 7, 2026109$349.3MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q1 2026SEC
Q1 2026Apr 27, 2026100$290.7MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q4 2025SEC
Q4 2025Feb 13, 202692$282.2MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q3 2025SEC
Q3 2025Nov 12, 202591$271.4MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q2 2025SEC
Q2 2025Aug 13, 202587$241.7MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q1 2025SEC
Q1 2025Apr 22, 202587$219.3MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q4 2024SEC
Q4 2024Jan 22, 202582$222.1MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q3 2024SEC
Q3 2024Oct 21, 202487$216.0MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q2 2024SEC
Q2 2024Jul 22, 202483$199.6MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q1 2024SEC
Q1 2024Apr 18, 202480$195.9MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFInvesco Exch Traded FD Tr IIvs. Q4 2023SEC
Q4 2023Jan 23, 202475$176.7MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFSPDR Series Trustvs. Q3 2023SEC
Q3 2023Oct 24, 202371$154.6MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFSPDR Series Trustvs. Q2 2023SEC
Q2 2023Jul 17, 202371$143.3MInvesco Nasdaq 100 ETFState Street SPDR Portfolio S&P 500 ETFSPDR Series Trustvs. Q1 2023SEC
Q1 2023May 4, 202380$144.0MInvesco Nasdaq 100 ETFState Street SPDR Portfolio S&P 500 ETFSPDR Series Trustvs. Q4 2022SEC
Q4 2022Jan 27, 202371$133.9MState Street SPDR Portfolio S&P 500 ETFInvesco Nasdaq 100 ETFSPDR Series Trustvs. Q3 2022SEC
Q3 2022Nov 8, 202251$105.5MInvesco Nasdaq 100 ETFState Street SPDR Portfolio S&P 500 ETFSPDR Series Trustvs. Q2 2022SEC
Q2 2022Aug 11, 202253$95.8MInvesco Nasdaq 100 ETFState Street SPDR Portfolio S&P 500 ETFSPDR Series Trust–SEC
Q4 2021Feb 17, 202243$104.2MiShares Russell 1000 Growth ETFFirst Trust Rising Dividend Achievers ETFDIA–SEC
Q1 2021Apr 26, 202246$94.8MInvesco Nasdaq 100 ETFFirst Trust Rising Dividend Achievers ETFSPDR Series Trust–SEC