CWM, LLC
Reports for
Carson Group Investing, LLC
Filing Date
Global Rank
#200
/ 8,827
▲ 10
· as of Mar 2026
Top Industry
Semiconductors
8.4%
Period ended 7 months ago
Filed May 14, 2026 · 6mo
24 quarters · since Mar 2020
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Holder type
Unknown
Portfolio style
Measured from the filed 13F common-share book for Mar 31, 2026, never from the firm's own description.
Style
Diversified active
Top 10 weight 44.9%, 24.4 effective positions, active share 56.0% against every 13F filer's combined book; it meets none of the index-like, systematic-like or concentrated tests
Turnover
Low turnover
19.0% over the last four quarters (under 30%)
Horizon
Long horizon
Value-weighted holding period 21.4 quarters (12+), a floor since 75.7% of the book was already held when coverage starts
Closest benchmark: every 13F filer's combined book, active share 56.0%; sector active share 51.2% against the combined 13F book's sector weights.
Over time 24 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
5,592 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
16.1%
−2.7 pts
Top 5
34.2%
−0.9 pts
Top 10
44.9%
−1.1 pts
HHI
410
Diversified−84
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 64.3% | $24,070,833,235 |
| Technology | 9.6% | $3,584,827,647 |
| Financial Services | 6.0% | $2,242,548,909 |
| Healthcare | 4.1% | $1,542,105,234 |
| Industrials | 3.8% | $1,407,871,395 |
| Consumer Cyclical | 3.5% | $1,292,348,814 |
| Communication Services | 2.5% | $948,731,933 |
| Consumer Defensive | 2.2% | $820,767,107 |
| Energy | 1.7% | $648,250,911 |
| Utilities | 1.0% | $363,055,429 |
| Basic Materials | 0.7% | $274,628,569 |
| Real Estate | 0.6% | $235,048,914 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPTI | State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF | +6,558,818 | 12,847,946 | $368,222,132 | |
| GOVT | iShares U.S. Treasury Bond ETF | +6,478,078 | 7,549,432 | $172,957,487 | |
| RAAX | VanEck Real Assets ETF | +2,218,278 | 2,434,200 | $99,096,282 | |
| SPDW | State Street(R) SPDR(R) Portfolio Developed World ex-US ETF | +2,161,800 | 17,682,357 | $807,199,597 | |
| FBCG | Fidelity Covington Trust | +1,342,686 | 2,412,385 | $120,908,736 | |
| TCHP | T. Rowe Price Blue Chip Growth ETF | +1,304,619 | 1,354,277 | $59,831,957 | |
| SPYM | State Street(R) SPDR(R) Portfolio S&P 500(R) ETF | +895,773 | 11,255,034 | $861,460,302 | |
| PYLD | +786,686 | 5,004,693 | $131,122,956 | ||
| RSSX | Return Stacked(R) U.S. Stocks & Gold/Bitcoin ETF | +780,111 | 1,108,902 | $0 | |
| SCHZ | Schwab U.S. Aggregate Bond ETF | +767,142 | 4,789,548 | $111,213,304 | |
| PMBS | +738,887 | 1,265,828 | $62,785,068 | ||
| XPH | State Street(R) SPDR(R) S&P(R) Pharmaceuticals ETF | +726,355 | 726,555 | $39,299,359 | |
| TOTL | State Street(R) DoubleLine(R) Total Return Tactical ETF | +714,905 | 5,455,083 | $216,730,447 | |
| JVAL | JPMorgan U.S. Value Factor ETF | +696,074 | 1,493,287 | $72,962,002 | |
| — | +694,636 | 4,586,482 | $113,286,105 | ||
| SPMO | Invesco Ltd. | +599,399 | 3,591,581 | $402,652,145 | |
| FBND | Fidelity Total Bond ETF | +595,649 | 3,864,523 | $176,299,539 | |
| ALIT | Alight, Inc. / Delaware | +573,498 | 677,275 | $394,851 | |
| BYND | Beyond Meat, Inc. | +558,971 | 576,797 | $404,911 | |
| SPEM | State Street(R) SPDR(R) Portfolio Emerging Markets ETF | +547,581 | 2,985,833 | $140,065,426 | |
| PCG | PG&E Corp | +518,740 | 2,351,877 | $41,322,478 | |
| SPIP | State Street(R) SPDR(R) Portfolio TIPS ETF | +496,894 | 4,582,105 | $119,180,551 | |
| CRK | Comstock Resources Inc | +491,747 | 496,279 | $10,461,561 | |
| BAI | BlackRock ETF Trust | +490,266 | 5,610,905 | $184,879,319 | |
| JPST | JPMorgan Ultra-Short Income ETF | +487,822 | 1,603,139 | $81,134,864 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPAB | State Street(R) SPDR(R) Portfolio Aggregate Bond ETF | −4,192,224 | 14,001,534 | $358,719,301 | |
| CTA | EIDP, Inc. | −2,752,544 | 187,250 | $5,658,695 | |
| EFV | iShares MSCI EAFE Value ETF | −2,473,244 | 3,030,442 | $225,313,362 | |
| IEMG | iShares Trust | −2,442,872 | 3,247,216 | $0 | |
| SCHD | Schwab U.S. Dividend Equity ETF | −1,450,613 | 4,054,445 | $124,390,372 | |
| SPMD | State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF | −1,327,276 | 2,263,455 | $134,041,805 | |
| PFFD | Global X U.S. Preferred ETF | −1,318,217 | 108,284 | $1,992,425 | |
| SPEU | State Street(R) SPDR(R) Portfolio Europe ETF | −1,224,529 | 1,208,741 | $61,935,888 | |
| IAU | Ishares Gold Trust | −1,187,742 | 766,371 | $67,563,267 | |
| OEF | iShares S&P 100 ETF | −1,034,925 | 155,867 | $49,576,616 | |
| XLU | State Street(R) Utilities Select Sector SPDR(R) ETF | −686,053 | 697,503 | $32,008,412 | |
| ADT | ADT Inc. | −650,757 | 864,011 | $5,676,552 | |
| LYFT | Lyft, Inc. | −625,634 | 220,491 | $2,932,530 | |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | −522,109 | 33,542 | $3,150,600 | |
| SPHY | State Street(R) SPDR(R) Portfolio High Yield Bond ETF | −465,837 | 778,813 | $18,161,919 | |
| ITA | iShares U.S. Aerospace & Defense ETF | −415,867 | 37,986 | $8,309,437 | |
| BOND | PIMCO Active Bond Exchange-Traded Fund | −408,165 | 3,741,411 | $345,257,407 | |
| SSO | ProShares Ultra S&P500 | −396,225 | 80 | $4,150 | |
| BIZD | VanEck BDC Income ETF | −362,764 | 5,186 | $66,380 | |
| XLK | State Street(R) Technology Select Sector SPDR(R) ETF | −360,323 | 1,044,720 | $138,843,288 | |
| AGL | agilon health, inc. | −359,910 | 31,048 | $245,589 | |
| QUAL | iShares MSCI USA Quality Factor ETF | −356,585 | 1,889,343 | $362,394,880 | |
| — | −332,850 | 1,110,595 | $32,407,162 | ||
| JEPI | JPMorgan Equity Premium Income ETF | −283,229 | 1,369,852 | $77,643,211 | |
| GTO | Invesco Total Return Bond ETF | −274,303 | 1,786,634 | $83,668,070 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| CORO | 16,208,136 | $521,140,196 | ||
| IDEF | 4,250,401 | $139,073,120 | ||
| BLCR | 3,382,266 | $138,875,841 | ||
| CTAP | 3,369,085 | $90,230,834 | ||
| XSW | State Street(R) SPDR(R) S&P(R) Software & Services ETF | 442,316 | $62,937,143 | |
| PNFP | Pinnacle Financial Partners, Inc. | 131,724 | $11,346,705 | |
| BCSM | Baron SMID Cap ETF | 388,354 | $8,380,679 | |
| LMUB | iShares Long-Term National Muni Bond ETF | 152,220 | $7,600,344 | |
| SSFI | Day Hagan Smart Sector Fixed Income ETF | 227,070 | $4,843,857 | |
| VSNT | Versant Media Group, Inc. | 98,092 | $3,631,365 | |
| AZN | Astrazeneca PLC | 8,792 | $1,733,958 | |
| BULL | Webull Corp | 247,806 | $1,189,468 | |
| BAPR | Sageworth Trust Co | 19,269 | $943,795 | |
| BJUL | 18,314 | $910,022 | ||
| BOCT | 18,830 | $903,651 | ||
| HYTR | Counterpoint High Yield Trend ETF | 42,403 | $902,759 | |
| BJAN | 16,920 | $902,343 | ||
| BUFS | FT Vest Laddered Small Cap Moderate Buffer ETF | 37,044 | $854,234 | |
| DANA | Dana Limited Volatility ETF | 28,329 | $712,757 | |
| ACYN | First Trust Exchange-Traded Fund | 22,737 | $463,380 | |
| WAGN | Pabrai Wagons ETF | 23,202 | $327,380 | |
| GOLY | Strategy Shares Gold Enhanced Yield ETF | 9,993 | $294,293 | |
| KNRG | 11,086 | $281,750 | ||
| SPFF | Global X SuperIncome Preferred ETF | 31,607 | $280,986 | |
| — | 7,298 | $242,731 | ||
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
25 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| XBJL | 29,087 | $1,112,723 | ||
| XBJA | 34,761 | $1,111,309 | ||
| XBAP | 28,702 | $1,109,877 | ||
| XBOC | 33,060 | $1,109,328 | ||
| TUSB | Thrivent Ultra Short Bond ETF | 2,432 | $122,451 | |
| TBT | ProShares UltraShort 20+ Year Treasury | 3,319 | $115,965 | |
| AGQ | ProShares Trust II | 700 | $108,584 | |
| JNUG | Direxion Daily Junior Gold Miners Index Bull 2X Shares | 445 | $91,910 | |
| PY | Principal Value ETF | 1,416 | $73,903 | |
| MFSI | MFS Active International ETF | 2,427 | $73,902 | |
| UJUN | 1,781 | $66,616 | ||
| PNOV | 1,526 | $63,756 | ||
| KAUG | 2,156 | $57,198 | ||
| EXOD | Exodus Movement, Inc. | 3,445 | $50,951 | |
| DUSA | Davis Select U.S. Equity ETF | 929 | $47,499 | |
| BKIE | BNY Mellon International Equity ETF | 368 | $34,062 | |
| EMC | Global X Emerging Markets Great Consumer ETF | 1,051 | $32,310 | |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 734 | $31,804 | |
| — | 331 | $26,149 | ||
| RSPM | Victory Portfolios II | 762 | $25,968 | |
| WRD | WeRide Inc. | 2,989 | $25,944 | |
| RBIL | F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 520 | $25,825 | |
| VTEI | VANGUARD INTERMEDIATE-TERM TAX-EXEMPT BOND ETF | 227 | $22,888 | |
| TSME | Thrivent Small-Mid Cap Equity ETF | 546 | $22,734 | |
| BSMS | Invesco BulletShares 2028 Municipal Bond ETF | 856 | $20,116 | |
| No positions match the current search. | ||||
5,592 tracked positions ·
$37,431,018,097 total
· filing declares
5,738 positions · $38,053,797,820
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Consumer Defensive
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
Showing 1–50
of 5,592 positions by value
· page 1 of 112
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IVV |
iShares Core S&P 500 ETF
|
Reduced | 1,394,503 | $910,903,304 | 2.43% | |
| SPYM |
State Street(R) SPDR(R) Portfolio S&P 500(R) ETF
|
Added | 11,255,034 | $861,460,302 | 2.30% | |
| IUSB |
iShares Core Universal USD Bond ETF
|
Added | 17,616,671 | $813,714,033 | 2.17% | |
| SPDW |
State Street(R) SPDR(R) Portfolio Developed World ex-US ETF
|
Added | 17,682,357 | $807,199,597 | 2.16% | |
| AAPL |
Apple Inc.
PUT
+ SHARES
Technology
|
Added | 2,740,547 | $693,114,022 | 1.85% | |
| NVDA |
Nvidia Corp
PUT
CALL
+ SHARES
Technology
|
Added | 3,486,955 | $605,982,242 | 1.62% | |
| IVE |
iShares S&P 500 Value ETF
|
Reduced | 2,566,919 | $542,004,946 | 1.45% | |
| IVW |
iShares S&P 500 Growth ETF
|
Added | 4,777,915 | $540,429,965 | 1.44% | |
| CORO |
|
NEW | 16,208,136 | $521,140,196 | 1.39% | |
| SPY |
Spdr S&P 500 ETF Trust
PUT
CALL
+ SHARES
|
Added | 1,041,969 | $459,816,600 | 1.23% | |
| DYNF |
iShares U.S. Equity Factor Rotation Active ETF
|
Reduced | 7,830,130 | $455,556,963 | 1.22% | |
| MSFT |
Microsoft Corp
CALL
+ SHARES
Technology
|
Added | 1,189,360 | $439,249,049 | 1.17% | |
| SPMO |
Invesco Ltd.
Financial Services
|
Added | 3,591,581 | $402,652,145 | 1.08% | |
| SPTI |
State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF
|
Added | 12,847,946 | $368,222,132 | 0.98% | |
| QUAL |
iShares MSCI USA Quality Factor ETF
|
Reduced | 1,889,343 | $362,394,880 | 0.97% | |
| SPAB |
State Street(R) SPDR(R) Portfolio Aggregate Bond ETF
|
Reduced | 14,001,534 | $358,719,301 | 0.96% | |
| BOND |
PIMCO Active Bond Exchange-Traded Fund
|
Reduced | 3,741,411 | $345,257,407 | 0.92% | |
| AMZN |
Amazon Com Inc
PUT
+ SHARES
Consumer Cyclical
|
Added | 1,622,786 | $337,378,353 | 0.90% | |
|
|
Reduced | 1,783,969 | $317,724,878 | 0.85% | ||
| VUG |
VANGUARD GROWTH INDEX FUND
|
Added | 653,482 | $285,434,272 | 0.76% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Reduced | 490,751 | $283,251,662 | 0.76% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 962,835 | $276,872,832 | 0.74% | |
| MTUM |
iShares MSCI USA Momentum Factor ETF
|
Added | 1,149,067 | $275,764,589 | 0.74% | |
| SPYG |
State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF
|
Reduced | 2,780,818 | $272,269,890 | 0.73% | |
| SPTM |
State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF
|
Added | 3,349,506 | $264,811,944 | 0.71% | |
|
|
Added | 2,630,828 | $241,089,077 | 0.64% | ||
| SPYV |
State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF
|
Added | 4,161,823 | $235,475,945 | 0.63% | |
| EFV |
iShares MSCI EAFE Value ETF
|
Reduced | 3,030,442 | $225,313,362 | 0.60% | |
| TOTL |
State Street(R) DoubleLine(R) Total Return Tactical ETF
|
Added | 5,455,083 | $216,730,447 | 0.58% | |
| SCHG |
Schwab U.S. Large-Cap Growth ETF
|
Reduced | 7,205,154 | $209,886,136 | 0.56% | |
| AVGO |
Broadcom Inc.
Technology
|
Added | 667,208 | $206,507,548 | 0.55% | |
|
|
Reduced | 2,019,477 | $200,816,792 | 0.54% | ||
| BRK-B |
Berkshire Hathaway Inc
Financial Services
|
Added | 394,551 | $189,068,839 | 0.51% | |
| BAI |
BlackRock ETF Trust
|
Added | 5,610,905 | $184,879,319 | 0.49% | |
| MBB |
iShares MBS ETF
|
Added | 1,927,060 | $182,974,347 | 0.49% | |
| FBND |
Fidelity Total Bond ETF
|
Added | 3,864,523 | $176,299,539 | 0.47% | |
| WMT |
Walmart Inc.
Consumer Defensive
|
Added | 1,417,724 | $176,194,738 | 0.47% | |
| XOM |
ExxonMobil Holdings Corp
Energy
|
Reduced | 1,030,824 | $174,889,599 | 0.47% | |
| BUFR |
FT Vest Laddered Buffer ETF
|
Added | 5,140,529 | $173,595,664 | 0.46% | |
| GOVT |
iShares U.S. Treasury Bond ETF
|
Added | 7,549,432 | $172,957,487 | 0.46% | |
| JNJ |
Johnson & Johnson
Healthcare
|
Added | 692,270 | $169,218,478 | 0.45% | |
| VTV |
VANGUARD VALUE INDEX FUND
|
Reduced | 854,071 | $167,568,730 | 0.45% | |
| JPM |
Jpmorgan Chase & Co
Financial Services
|
Added | 550,203 | $161,847,714 | 0.43% | |
| MINT |
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
|
Reduced | 1,603,698 | $161,283,907 | 0.43% | |
| ULST |
State Street(R) Ultra Short Term Bond ETF
|
Added | 3,949,890 | $159,970,545 | 0.43% | |
| TLH |
iShares 10-20 Year Treasury Bond ETF
|
Reduced | 1,558,713 | $156,993,573 | 0.42% | |
| TSLA |
Tesla, Inc.
PUT
CALL
+ SHARES
Consumer Cyclical
|
Added | 416,079 | $153,667,325 | 0.41% | |
| JIRE |
JPMorgan International Research Enhanced Equity ETF
|
Added | 1,912,801 | $144,875,547 | 0.39% | |
| GLD |
Spdr Gold Trust
|
Reduced | 329,282 | $141,686,751 | 0.38% | |
| SPEM |
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
|
Added | 2,985,833 | $140,065,426 | 0.37% |
Showing the top 50 of 5,592 positions. Create a free account to see every position, past quarters, search, filters and CSV export.
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.