Denver PWM, LLC

Registered adviser

CIK

1657980

Location

DENVER, CO

Portfolio Value

Small $298,549,418

Diversification

Highly concentrated

Filing Date

Global Rank

#5,206 / 8,815 ▼ 124 · as of Jun 2026

Top Industry

Semiconductors 15.1%

Period ended 23 days ago

Filed Oct 22, 2026 · 1d

27 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

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 171139

Roster of Oct 1, 2026

Regulatory AUM

$524,370,341

Main clients

Individuals and high net worth (90% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$524,370,341	Individuals and high net worth (90%)
Apr 2025 to Mar 2026	$554,076,246	Individuals and high net worth (92%)
Apr 2024 to Mar 2025	$585,750,770	Individuals and high net worth (94%)
May 2023 to Mar 2024	$447,066,561	Individuals and high net worth (98%)
Apr 2023	$447,066,561	Individuals and high net worth (98%)
Apr 2022 to Mar 2023	$424,939,992	Individuals and high net worth (97%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 88.0% of the book (60%+)

Turnover

Low turnover

10.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 12.9 quarters (12+), a floor since 22.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 84.0%; sector active share 75.5% against the combined 13F book's sector weights.

Over time 26 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 backtest

Portfolio Concentration

90 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

42.2%

−0.2 pts

Top 5

80.8%

−0.2 pts

Top 10

87.9%

−0.2 pts

HHI

2,613

Highly concentrated−14

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	88.7%	$264,733,793	46
Technology	5.1%	$15,127,918	14
Industrials	1.4%	$4,264,460	5
Communication Services	1.4%	$4,132,876	6
Consumer Cyclical	0.9%	$2,594,050	4
Consumer Defensive	0.7%	$2,184,487	2
Healthcare	0.7%	$2,167,464	6
Energy	0.6%	$1,771,718	2
Financial Services	0.5%	$1,572,652	5

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
BUFR	FT Vest Laddered Buffer ETF	+12,846	112,742	$4,224,442
IBTJ	iShares iBonds Dec 2029 Term Treasury ETF	+9,928	695,280	$14,757,318
HEFA	iShares Currency Hedged MSCI EAFE ETF	+9,355	354,677	$16,453,466
SCHM	Schwab U.S. Mid-Cap ETF	+8,963	521,652	$17,746,601
SMLF	iShares U.S. Small-Cap Equity Factor ETF	+6,885	113,867	$9,514,726
SCHF	Schwab International Equity ETF	+6,112	526,359	$14,459,081
JBBB	Janus Henderson B-BBB CLO ETF	+5,828	53,182	$2,510,722
SCHV	Schwab U.S. Large-Cap Value ETF	+3,196	535,334	$17,831,975
IJK	iShares S&P Mid-Cap 400 Growth ETF	+2,664	67,273	$7,373,793
IPAC	iShares Core MSCI Pacific ETF	+1,562	31,540	$2,684,369
CLSE	Convergence Long/Short Equity ETF	+1,353	49,636	$1,688,120
INTC	Intel Corp	+890	4,868	$585,279
EMXC	iShares MSCI Emerging Markets ex China ETF	+807	41,612	$4,122,916
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	+174	348,489	$13,040,458
SPMO	Invesco Ltd.	+106	16,839	$0
BSJS	Invesco BulletShares 2028 High Yield Corporate Bond ETF	+93	9,543	$204,372
SCHB	Schwab U.S. Broad Market ETF	+51	20,415	$598,363
VTV	VANGUARD VALUE INDEX FUND	+9	1,873	$404,717
IWB	iShares Russell 1000 ETF	+8	3,263	$1,357,832
IVV	iShares Core S&P 500 ETF	+7	3,419	$2,618,441
MDYG	State Street(R) SPDR(R) S & P 400(TM) Mid Cap Growth ETF	+6	2,819	$294,670
C	Citigroup Inc	+5	2,034	$263,362
IVE	iShares S&P 500 Value ETF	+4	1,401	$319,820
IWM	iShares Russell 2000 ETF	+4	1,733	$481,583
NVDA	Nvidia Corp	+3	9,783	$2,234,241
No positions match the current search.

Trimmed

Positions the filer reduced

24 positions

Ticker	Company	Δ Shares	Shares	Value
IBTH	iShares iBonds Dec 2027 Term Treasury ETF	−21,704	799,222	$17,838,635
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	−16,810	675,466	$15,454,662
IBTI	iShares iBonds Dec 2028 Term Treasury ETF	−9,466	724,791	$15,880,170
SCHX	Schwab U.S. Large-Cap ETF	−5,957	162,931	$4,887,930
WMT	Walmart Inc.	−1,911	2,108	$219,063
BOND	PIMCO Active Bond Exchange-Traded Fund	−1,223	52,800	$4,593,072
SCHA	Schwab U.S. Small-Cap ETF	−1,128	41,894	$1,367,001
JAAA	Janus Henderson AAA CLO ETF	−924	188,015	$9,489,117
IEFA	iShares Core MSCI EAFE ETF	−709	14,984	$1,451,649
AAPL	Apple Inc.	−650	11,046	$3,678,538
IUSV	iShares Core S&P U.S. Value ETF	−595	18,626	$2,054,075
IWR	iShares Russell Mid-Cap ETF	−502	17,086	$1,823,247
MSFT	Microsoft Corp	−366	5,252	$2,693,750
IBTK	iShares iBonds Dec 2030 Term Treasury ETF	−351	684,588	$13,000,326
HELO	JPMorgan Hedged Equity Laddered Overlay ETF	−333	8,938	$618,241
IUSG	iShares Core S&P U.S. Growth ETF	−324	2,636	$510,725
SCHG	Schwab U.S. Large-Cap Growth ETF	−289	736,260	$26,453,821
JAVA	JPMorgan Active Value ETF	−241	49,935	$3,980,818
VOO	VANGUARD 500 INDEX FUND	−168	7,375	$5,168,842
AMZN	Amazon Com Inc	−110	3,986	$993,111
PANW	Palo Alto Networks Inc	−65	811	$322,218
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−59	1,036	$472,612
VEA	Vanguard FTSE Developed Markets ETF	−40	9,822	$693,531
XOM	ExxonMobil Holdings Corp	−9	9,329	$1,518,294
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
QQQ	Invesco Qqq Trust, Series 1	3,073	$2,273,313
BALL	BALL Corp	13,376	$749,457
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
TJX	Tjx Companies Inc	1,374	$208,161
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

90 tracked positions · $298,549,418 total · filing declares 90 positions · $301,431,099 · as of Sep 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 90 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SCHG	Schwab U.S. Large-Cap Growth ETF	Reduced	736,260	-289	$26,453,821	+6.1%	8.86%
IBTH	iShares iBonds Dec 2027 Term Treasury ETF	Reduced	799,222	-21,704	$17,838,635	−2.9%	5.98%
SCHV	Schwab U.S. Large-Cap Value ETF	Added	535,334	+3,196	$17,831,975	−3.7%	5.97%
SCHM	Schwab U.S. Mid-Cap ETF	Added	521,652	+8,963	$17,746,601	−6.1%	5.94%
HEFA	iShares Currency Hedged MSCI EAFE ETF	Added	354,677	+9,355	$16,453,466	+1.5%	5.51%
IBTI	iShares iBonds Dec 2028 Term Treasury ETF	Reduced	724,791	-9,466	$15,880,170	−2.3%	5.32%
IBTG	iShares iBonds Dec 2026 Term Treasury ETF	Reduced	675,466	-16,810	$15,454,662	−2.5%	5.18%
IBTJ	iShares iBonds Dec 2029 Term Treasury ETF	Added	695,280	+9,928	$14,757,318	−0.5%	4.94%
SCHF	Schwab International Equity ETF	Added	526,359	+6,112	$14,459,081	+0.3%	4.84%
TOTL	State Street(R) DoubleLine(R) Total Return Tactical ETF	Added	348,489	+174	$13,040,458	−5.1%	4.37%
IBTK	iShares iBonds Dec 2030 Term Treasury ETF	Reduced	684,588	-351	$13,000,326	−2.9%	4.35%
SMLF	iShares U.S. Small-Cap Equity Factor ETF	Added	113,867	+6,885	$9,514,726	−0.2%	3.19%
JAAA	Janus Henderson AAA CLO ETF	Reduced	188,015	-924	$9,489,117	−0.5%	3.18%
IJK	iShares S&P Mid-Cap 400 Growth ETF	Added	67,273	+2,664	$7,373,793	−2.9%	2.47%
VOO	VANGUARD 500 INDEX FUND	Reduced	7,375	-168	$5,168,842	−0.2%	1.73%
SCHX	Schwab U.S. Large-Cap ETF	Reduced	162,931	-5,957	$4,887,930	−1.7%	1.64%
BOND	PIMCO Active Bond Exchange-Traded Fund	Reduced	52,800	-1,223	$4,593,072	−7.8%	1.54%
BUFR	FT Vest Laddered Buffer ETF	Added	112,742	+12,846	$4,224,442	+15.8%	1.41%
EMXC	iShares MSCI Emerging Markets ex China ETF	Added	41,612	+807	$4,122,916	−1.2%	1.38%
JAVA	JPMorgan Active Value ETF	Reduced	49,935	-241	$3,980,818	−0.1%	1.33%
AAPL	Apple Inc. Technology	Reduced	11,046	-650	$3,678,538	+8.7%	1.23%
CAT	Caterpillar Inc Industrials	Held	3,584	0	$2,905,871	−23.9%	0.97%
MSFT	Microsoft Corp Technology	Reduced	5,252	-366	$2,693,750	+28.5%	0.90%
IPAC	iShares Core MSCI Pacific ETF	Added	31,540	+1,562	$2,684,369	+9.3%	0.90%
IVV	iShares Core S&P 500 ETF	Added	3,419	+7	$2,618,441	+2.5%	0.88%
JBBB	Janus Henderson B-BBB CLO ETF	Added	53,182	+5,828	$2,510,722	+12.0%	0.84%
EFA	iShares MSCI EAFE ETF	Held	22,165	0	$2,302,721	+0.0%	0.77%
QQQ	Invesco Qqq Trust, Series 1	NEW	3,073	NEW	$2,273,313	NEW	0.76%
NVDA	Nvidia Corp Technology	Added	9,783	+3	$2,234,241	+14.2%	0.75%
IUSV	iShares Core S&P U.S. Value ETF	Reduced	18,626	-595	$2,054,075	−3.0%	0.69%
COST	Costco Wholesale Corp Consumer Defensive	Held	2,159	0	$1,965,424	−2.7%	0.66%
IWR	iShares Russell Mid-Cap ETF	Reduced	17,086	-502	$1,823,247	−6.0%	0.61%
CLSE	Convergence Long/Short Equity ETF	Added	49,636	+1,353	$1,688,120	+2.4%	0.57%
XOM	ExxonMobil Holdings Corp Energy	Reduced	9,329	-9	$1,518,294	+18.9%	0.51%
IEFA	iShares Core MSCI EAFE ETF	Reduced	14,984	-709	$1,451,649	−4.2%	0.49%
SCHA	Schwab U.S. Small-Cap ETF	Reduced	41,894	-1,128	$1,367,001	−12.1%	0.46%
IWB	iShares Russell 1000 ETF	Added	3,263	+8	$1,357,832	+1.9%	0.45%
LITE	Lumentum Holdings Inc. Technology	Held	1,392	0	$1,351,993	+13.2%	0.45%
NMAX	Newsmax Inc. Communication Services	Held	107,741	0	$1,164,680	+30.6%	0.39%
ORCL	Oracle Corp Technology	Held	8,435	0	$1,158,125	−6.3%	0.39%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	3,986	-110	$993,111	+1.7%	0.33%
VZ	Verizon Communications Inc Communication Services	Held	19,906	0	$913,088	+8.3%	0.31%
GOOGL	Alphabet Inc. Communication Services	Added	2,314	+1	$796,201	−3.7%	0.27%
BALL	BALL Corp Consumer Cyclical	NEW	13,376	NEW	$749,457	NEW	0.25%
VEA	Vanguard FTSE Developed Markets ETF	Reduced	9,822	-40	$693,531	−1.3%	0.23%
VB	Vanguard Index Funds	Added	2,404	+1	$683,913	−6.1%	0.23%
JPM	Jpmorgan Chase & Co Financial Services	Held	2,044	0	$676,216	+1.1%	0.23%
HELO	JPMorgan Hedged Equity Laddered Overlay ETF	Reduced	8,938	-333	$618,241	−1.3%	0.21%
VUG	VANGUARD GROWTH INDEX FUND	Held	6,836	0	$615,991	+4.6%	0.21%
SCHB	Schwab U.S. Broad Market ETF	Added	20,415	+51	$598,363	+1.5%	0.20%

Showing the top 50 of 90 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.