CWM, LLC

CIK 1535847 · latest 13F filed 14 May 2026 · Read the filing on EDGAR

CWM, LLC reported 5,643 US-listed holdings worth $38.04 billion in its 13F for the quarter ended 31 March 2026, filed 14 May 2026. Its largest: iShares Core S&P 500 ETF (2.4%), SPDR Ser Trust (2.3%) and iShares Core Total USD Bond Market ETF (2.1%). Against the quarter before, it opened 287 positions, added to 3,063, trimmed 1,668 and sold out of 201.

Its latest 13F is for the quarter ended 31 March 2026; it has not filed one for a later quarter.

Reported holdings$38.04B+3.1% on Q4 2025

Positions5,643+84 on Q4 2025

The largest ten17.7%of its reported holdings

Latest 13FQ1 2026filed 14 May 2026

Where the money is

OpenedAdded toHeldTrimmed

The 14 largest of its 5,642 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q4 2025.

Reported holdings, quarter by quarter

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What it did on the quarter

Opened 287Added 3,063Held 627Trimmed 1,668Sold out 201

Its positions against its 13F for the quarter to 31 December 2025; a change under 0.1% of a position counts as held

Opened 287

BlackRock ETF Trust CORO$521.1 million
BlackRock ETF Trust IDEF$139.1 million
BlackRock ETF Trust BLCR$138.9 million
Simplify CTAP$90.2 million
SPDR S&P Software & Services ETF XSW$62.9 million
Pinnacle Financial Partners, Inc. PNFP$11.3 million
Baron ETF Trust BCSM$8.4 million
iShares Trust LMUB$7.6 million

and 279 more in the table below

Added to 3,063

SPDR Ser Trust SPTI+6.6 million shares · +104%
iShares Trust GOVT+6.5 million shares · +605%
SPDR S&P 500 SPY+180,828 shares · +36%
SPDR Portfolio Developed World SPDW+2.2 million shares · +14%
Vaneck ETF Trust RAAX+2.2 million shares · +1027%
SPDR Ser Trust SPYM+895,773 shares · +9%
Fidelity Blue Chip Growth ETF FBCG+1.3 million shares · +126%
Invesco Exch Traded FD Trust II SPMO+599,399 shares · +20%

and 3,055 more in the table below

Trimmed 1,668

iShares Trust OEF-1.0 million shares · -87%
iShares Trust EFV-2.5 million shares · -45%
iShares Core MSCI Emerging Mark IEMG-2.4 million shares · -43%
SPDR Ser Trust SPAB-4.2 million shares · -23%
iShares Gold Trust IAU-1.2 million shares · -61%
iShares Trust ITA-415,867 shares · -92%
Simplify Exchange Traded Fun CTA-2.8 million shares · -94%
SPDR Ser Trust SPMD-1.3 million shares · -37%

and 1,660 more in the table below

Sold out of 201

Exact Sciences Corp. EXAS$12.3 million last quarter
Pinnacle Financial Partners, Inc. PNFP$10.4 million last quarter
Confluent Inc. CFLT$7.9 million last quarter
Synovus Finl Corp. SNV$6.0 million last quarter
Dayforce Inc. DAY$3.6 million last quarter
AstraZeneca PLC AZN$1.7 million last quarter
Amcor plc AMCR$1.7 million last quarter
Rev Group Inc. REVG$1.4 million last quarter

What it holds

Company	Shares	Value	Of its book	Change in shares
iShares Core S&P 500 ETF IVV	1,394,503	$910.9 million	2.39%	-41,285
SPDR Ser Trust SPYM	11,255,034	$861.5 million	2.26%	+895,773
iShares Core Total USD Bond Market ETF IUSB	17,616,671	$813.7 million	2.14%	+422,500
SPDR Portfolio Developed World SPDW	17,682,357	$807.2 million	2.12%	+2,161,800
Apple Inc. AAPL	2,730,847	$693.1 million	1.82%	+20,623
NVIDIA Corp. NVDA	3,473,955	$605.9 million	1.59%	+100,068
iShares S&P 500 Value ETF IVE	2,566,919	$542.0 million	1.42%	-12,329
iShares S&P Growth Index FD IVW	4,777,915	$540.4 million	1.42%	+2,664
BlackRock ETF Trust CORO	16,208,136	$521.1 million	1.37%	new
BlackRock ETF Trust DYNF	7,830,130	$455.6 million	1.20%	-184,536
SPDR S&P 500 SPY	682,869	$444.1 million	1.17%	+180,828
Microsoft Corp. MSFT	1,186,360	$439.2 million	1.15%	+115,406
Invesco Exch Traded FD Trust II SPMO	3,591,581	$402.7 million	1.06%	+599,399
SPDR Ser Trust SPTI	12,847,946	$368.2 million	0.97%	+6,558,818
iShares Edge MSCI USA Quality F QUAL	1,889,343	$362.4 million	0.95%	-356,585
SPDR Ser Trust SPAB	14,001,534	$358.7 million	0.94%	-4,192,224
PIMCO ETF Trust BOND	3,741,411	$345.3 million	0.91%	-408,165
Amazon.com Inc. AMZN	1,619,786	$337.4 million	0.89%	+79,148
SPDR Ser Trust LGLV	1,783,969	$317.7 million	0.84%	-20,191
Vanguard Growth ETF VUG	653,482	$285.4 million	0.75%	+9,905
Invesco QQQ Trust QQQ	490,751	$283.3 million	0.74%	-23,311
Alphabet Inc. GOOGL	962,835	$276.9 million	0.73%	-77,115
iShares Trust MTUM	1,149,067	$275.8 million	0.72%	+7,642
SPDR S&P 500 Growth ETF SPYG	2,780,818	$272.3 million	0.72%	-62,399
SPDR Ser Trust SPTM	3,349,506	$264.8 million	0.70%	+83,169
SPDR Ser Trust BIL	2,630,828	$241.1 million	0.63%	+159,750
SPDR Ser Trust SPYV	4,161,823	$235.5 million	0.62%	+76,764
iShares Core MSCI Emerging Mark IEMG	3,247,216	$226.5 million	0.60%	-2,442,872
iShares Trust EFV	3,030,442	$225.3 million	0.59%	-2,473,244
Ssga Funds Management Inc. TOTL	5,455,083	$216.7 million	0.57%	+714,905
Schwab Strategic Trust SCHG	7,205,154	$209.9 million	0.55%	-253,458
Broadcom Inc. AVGO	667,208	$206.5 million	0.54%	+16,351
SPDR Ser Trust BILS	2,019,477	$200.8 million	0.53%	-37,965
Berkshire Hathaway Inc. Class B BRKB	394,551	$189.1 million	0.50%	+9,726
iShares A.i. Innovation and Tech Active ETF BAI	5,610,905	$184.9 million	0.49%	+490,266
iShares Trust MBB	1,927,060	$183.0 million	0.48%	+16,950
Fidelity Merrimack STR Trust FBND	3,864,523	$176.3 million	0.46%	+595,649
Walmart Inc. WMT	1,417,724	$176.2 million	0.46%	+184,203
ExxonMobil Holdings Corp. XOM	1,030,824	$174.9 million	0.46%	-23,056
First Trust Exchng Traded FD Vi BUFR	5,140,529	$173.6 million	0.46%	+176,273
iShares Trust GOVT	7,549,432	$173.0 million	0.45%	+6,478,078
Johnson & Johnson JNJ	692,270	$169.2 million	0.44%	+35,395
Vanguard Value ETF VTV	854,071	$167.6 million	0.44%	-5,774
JPMorgan Chase & Co. JPM	550,203	$161.8 million	0.43%	+14,094
PIMCO ETF Trust MINT	1,603,698	$161.3 million	0.42%	-71,864
Ssga Active ETF Trust ULST	3,949,890	$160.0 million	0.42%	+147,278
iShares Trust TLH	1,558,713	$157.0 million	0.41%	-32,774
Putnam ETF Trust PVAL	3,343,154	$155.1 million	0.41%	+93,526
Tesla, Inc. TSLA	413,279	$153.6 million	0.40%	+23,773
J P Morgan Exchange Traded F JIRE	1,912,801	$144.9 million	0.38%	+206,595
SPDR Gold Trust GLD	329,282	$141.7 million	0.37%	-50,818
SPDR Index SHS FDS SPEM	2,985,833	$140.1 million	0.37%	+547,581
Meta Platforms, Inc. META	244,595	$139.9 million	0.37%	-8,188
BlackRock ETF Trust IDEF	4,250,401	$139.1 million	0.37%	new
BlackRock ETF Trust BLCR	3,382,266	$138.9 million	0.37%	new
Technology Select Sector SPDR ETF XLK	1,044,720	$138.8 million	0.37%	-360,323
SPDR Ser Trust SPMD	2,263,455	$134.0 million	0.35%	-1,327,276
Alphabet Inc. GOOG	464,319	$133.2 million	0.35%	+17,761
Eli Lilly & Co. LLY	144,076	$132.5 million	0.35%	+6,245
PIMCO ETF Trust PYLD	5,004,693	$131.1 million	0.34%	+786,686
Vanguard S&P 500 VOO	214,486	$128.2 million	0.34%	-6,279
Schwab Strategic Trust SCHD	4,054,445	$124.4 million	0.33%	-1,450,613
Merck & Co., Inc. MRK	1,010,525	$121.6 million	0.32%	-6,498
Fidelity Blue Chip Growth ETF FBCG	2,412,385	$120.9 million	0.32%	+1,342,686
American Century ETF Trust AVDE	1,415,086	$120.1 million	0.32%	+264,331
SPDR Ser Trust SPIP	4,582,105	$119.2 million	0.31%	+496,894
JPMorgan Active Growth ETF JGRO	1,405,248	$118.8 million	0.31%	-47,174
BlackRock ETF Trust THRO	3,266,015	$118.3 million	0.31%	+4,338
Listed FD Trust HEGD	4,586,482	$113.3 million	0.30%	+694,636
iShares Trust IAGG	2,255,829	$112.9 million	0.30%	+77,818
Schwab Strategic Trust SCHZ	4,789,548	$111.2 million	0.29%	+767,142
PIMCO ETF Trust CORP	1,138,477	$110.2 million	0.29%	+29,508
Return Stacked Global Stocks & Bonds ETF RSSB	3,995,437	$108.7 million	0.29%	+219,707
Procter & Gamble Co. PG	750,348	$108.4 million	0.28%	+64,414
AbbVie Inc. ABBV	464,400	$101.0 million	0.27%	+4,399
Cisco Systems, Inc. CSCO	1,285,420	$99.7 million	0.26%	-44,560
Capital Group Dividend Value CGDV	2,340,152	$99.6 million	0.26%	+342,344
Vaneck ETF Trust RAAX	2,434,200	$99.1 million	0.26%	+2,218,278
Wisdomtree Trust DHS	861,983	$94.1 million	0.25%	+2,872
BlackRock ETF Trust II BINC	1,799,492	$93.4 million	0.25%	-176,740
Caterpillar Inc. CAT	130,235	$92.3 million	0.24%	+12,879
Simplify CTAP	3,369,085	$90.2 million	0.24%	new
Vanguard Short-Term Corp. BD Idx VCSH	1,121,300	$88.9 million	0.23%	+114,267
Home Depot, Inc. HD	261,911	$86.1 million	0.23%	+19,685
SPDR Gold MiniShares GLDM	922,738	$85.5 million	0.22%	-8,783
PIMCO ETF Trust LDUR	891,772	$85.4 million	0.22%	-48,161
General Electric Co. GE	297,986	$84.6 million	0.22%	+43,121
Invesco Exch Traded FD Trust II QQQM	354,132	$84.1 million	0.22%	+16,182
Invesco Actively Managed Exc GTO	1,786,634	$83.7 million	0.22%	-274,303
Chevron Corp. CVX	398,906	$82.5 million	0.22%	+39,097
Doubleline ETF Trust DBND	1,795,342	$82.2 million	0.22%	+173,132
Select Sector SPDR Trust XLE	1,342,139	$82.2 million	0.22%	+215,728
Visa Inc. V	269,729	$81.5 million	0.21%	+14,358
JP Morgan Ultra Short Income Et JPST	1,603,139	$81.1 million	0.21%	+487,822
Capital Group Growth ETF CGGR	2,002,105	$80.5 million	0.21%	-253,232
Costco Wholesale Corp. COST	80,747	$80.5 million	0.21%	+9,042
iShares Trust MUB	751,600	$79.8 million	0.21%	+63,676
Schwab Strategic Trust SCHF	3,218,486	$79.7 million	0.21%	+284,417
SPDR Ser Trust SPTL	2,966,485	$78.0 million	0.21%	+216,358
iShares Trust SGOV	774,491	$78.0 million	0.20%	+432,092
American Centy ETF Trust TAXF	1,552,913	$77.7 million	0.20%	+163,170
J P Morgan Exchange Traded F JEPI	1,369,852	$77.6 million	0.20%	-283,229
Wisdomtree Trust QHY	1,690,271	$77.0 million	0.20%	+42,963
Capital Group Core Balanced CGBL	2,229,671	$76.7 million	0.20%	+61,631
Bristol-Myers Squibb Co. BMY	1,256,734	$76.2 million	0.20%	+28,144
International Business Machines Corp. IBM	311,283	$75.5 million	0.20%	+90,714
iShares Broad Usd High Yld Corp. USHY	2,019,143	$74.4 million	0.20%	+375,750
Micron Technology Inc. MU	219,439	$74.1 million	0.19%	+22,420
Wisdomtree U.s. Efficient Core Fund NTSX	1,410,617	$73.6 million	0.19%	+31,815
Verizon Communications Inc. VZ	1,459,592	$73.3 million	0.19%	-27,239
J P Morgan Exchange Traded F JVAL	1,493,287	$73.0 million	0.19%	+696,074
J P Morgan Exchange Traded F JBND	1,323,773	$71.2 million	0.19%	+145,194
Select Sector SPDR Trust XLC	639,439	$70.9 million	0.19%	+103,184
Palantir Technologies Inc. PLTR	483,215	$70.7 million	0.19%	-8,699
Vanguard FTSE All-World ex-US ETF VEU	937,620	$70.4 million	0.19%	+60,646
J P Morgan Exchange Traded F JMEE	1,053,780	$70.4 million	0.18%	+95,045
iShares Trust ITOT	489,745	$69.8 million	0.18%	-45,876
Bank of America Corp. BAC	1,411,541	$68.8 million	0.18%	+24,563
iShares Edge MSCI Min Vol USA ETF USMV	733,419	$68.0 million	0.18%	-62,311
iShares Gold Trust IAU	766,371	$67.6 million	0.18%	-1,187,742
iShares Core MSCI Eafe ETF IEFA	736,098	$66.6 million	0.18%	-213,969
VG Totl STK Vprs VTI	206,746	$66.3 million	0.17%	+3,835
AT&T Inc. T	2,268,339	$65.8 million	0.17%	-48,425
PepsiCo Inc. PEP	417,147	$64.8 million	0.17%	-97,465
First Trust Exchange-Traded FD RDVY	939,509	$64.1 million	0.17%	-31,320
Tidal Trust II RSST	2,256,877	$63.8 million	0.17%	+63,920
Vanguard ETF VYMI	673,221	$63.4 million	0.17%	+54,040
Dimensional ETF Trust DFEM	1,827,269	$63.1 million	0.17%	+152,408
iShares Trust AGG	635,151	$63.1 million	0.17%	-84,294
SPDR S&P Software & Services ETF XSW	442,316	$62.9 million	0.17%	new
PIMCO Mortgage Backed Sec Act ETF IV PMBS	1,265,828	$62.8 million	0.17%	+738,887
TJX Companies Inc. TJX	391,333	$62.5 million	0.16%	+18,691
SPDR Index SHS FDS SPEU	1,208,741	$61.9 million	0.16%	-1,224,529
Fidelity Enhanced Large Cap Core ETF FELC	1,693,968	$61.4 million	0.16%	+297,351
Goldman Sachs ETF Trust GSST	1,212,579	$61.3 million	0.16%	-29,721
Vaneck ETF Trust MOAT	624,885	$60.4 million	0.16%	-21,673
Fidelity Merrimack STR Trust FMUB	1,193,840	$60.4 million	0.16%	+172,394
Franklin Templeton ETF Trust DIVI	1,510,630	$60.1 million	0.16%	+266,159
T Rowe Price ETF Inc. TCHP	1,354,277	$59.8 million	0.16%	+1,304,619
Lockheed Martin Corp. LMT	98,262	$59.4 million	0.16%	+4,363
Pfizer Inc. PFE	2,111,686	$59.3 million	0.16%	+486,307
American Century ETF Trust AVEM	733,280	$59.1 million	0.16%	+132,102
Netflix Inc. NFLX	606,270	$58.3 million	0.15%	+136,774
iShares Trust IUSV	568,929	$58.2 million	0.15%	-44,143
Dimensional ETF Trust DFIV	1,079,191	$57.0 million	0.15%	+112,185
Wisdomtree Trust AGGY	1,286,071	$55.9 million	0.15%	+48,803
Amgen Inc. AMGN	157,671	$55.5 million	0.15%	-6,113
Coca-Cola Co. KO	728,893	$55.4 million	0.15%	+7,862
SPDR Ser Trust SPMB	2,413,888	$54.0 million	0.14%	+78,024
Vanguard Mid Cap Value ETF VOE	290,862	$53.6 million	0.14%	+18,571
PIMCO ETF Trust MUNI	993,470	$51.8 million	0.14%	+70,761
Regeneron Pharmaceuticals, Inc. REGN	66,400	$51.3 million	0.13%	+5,831
JPMorgan Nasdaq Equity Premium JEPQ	917,534	$50.9 million	0.13%	+93,783
UnitedHealth Group Inc. UNH	184,507	$49.9 million	0.13%	+25,641
iShares Trust OEF	155,867	$49.6 million	0.13%	-1,034,925
iShares Trust IWF	115,731	$49.3 million	0.13%	-14,849
Comfort Systems USA Inc. FIX	35,299	$48.7 million	0.13%	+4,979
Advanced Micro Devices Inc. AMD	235,276	$47.9 million	0.13%	+1,257
Legg Mason ETF Invt LVHI	1,178,190	$47.8 million	0.13%	+206,703
Lam Research Corp. LRCX	221,596	$47.3 million	0.12%	+90,604
Vanguard Charlotte FDS BNDX	979,386	$47.1 million	0.12%	+149,799
SPDR Ser Trust XTL	250,143	$47.0 million	0.12%	+28,508
iShares Trust IGIB	874,951	$46.6 million	0.12%	-69,666
Wisdomtree Trust DGRW	527,285	$46.3 million	0.12%	-11,771
Gilead Sciences, Inc. GILD	332,096	$46.3 million	0.12%	-22,828
iShares Core S&P Mid-Cap ETF IJH	660,944	$44.6 million	0.12%	-27,480
First Trust Exchange Traded FD FTGS	1,309,359	$44.6 million	0.12%	-1,006
Global X FDS QYLD	2,560,465	$43.9 million	0.12%	+14,814
JP Morgan ETFs JSCP	927,435	$43.9 million	0.12%	+30,031
Mastercard Inc. MA	85,759	$42.9 million	0.11%	+2,511
Dimensional ETF Trust DFAE	1,265,472	$42.8 million	0.11%	+17,881
Schwab Strategic Trust SCHB	1,693,122	$42.5 million	0.11%	+44,348
FedEx Corp. FDX	119,230	$42.5 million	0.11%	+11,199
Boeing Co. BA	212,048	$42.2 million	0.11%	+23,666
GE Vernova Inc. GEV	47,707	$41.6 million	0.11%	+11,230
Pg&E Corp. PCG	2,351,877	$41.3 million	0.11%	+518,740
iShares Trust VLUE	289,852	$41.2 million	0.11%	+57,598
Invesco Exch TRD SLF Idx FD IUS	701,425	$40.6 million	0.11%	+33,563
Dimensional ETF Trust DFLV	1,136,931	$40.6 million	0.11%	+168,537
Edison International EIX	553,439	$40.5 million	0.11%	+103,948
PIMCO ETF Trust SMMU	796,197	$40.2 million	0.11%	+85,033
Vanguard Small Cap Value ETF VBR	184,349	$40.0 million	0.11%	+10,401
Wisdomtree Trust NTSI	906,989	$39.9 million	0.10%	+16,602
J P Morgan Exchange Traded F JMST	781,688	$39.9 million	0.10%	+428,177
Schwab Fundamental Internationa FNDF	813,465	$39.8 million	0.10%	+31,216
General Dynamics Corp. GD	115,155	$39.5 million	0.10%	+4,944
SPDR Ser Trust XPH	726,555	$39.3 million	0.10%	+726,355
Travelers Companies, Inc. TRV	134,046	$39.1 million	0.10%	+2,194
Union Pacific Corp. UNP	161,092	$39.1 million	0.10%	+4,965
RTX Corp. RTX	200,028	$38.6 million	0.10%	-7,436
Vanguard Intermediate-Term Corp. VCIT	461,945	$38.2 million	0.10%	+16,364
Dimensional ETF Trust DFIS	1,133,632	$38.2 million	0.10%	+87,109
Bank of New York Mellon Corp. BNY	320,619	$38.0 million	0.10%	-13,942
PIMCO ETF Trust CMDT	1,178,239	$38.0 million	0.10%	+271,755
Wells Fargo & Company WFC	474,640	$37.8 million	0.10%	+37,872
PIMCO ETF Trust HYS	402,979	$37.6 million	0.10%	+154,041
American Centy ETF Trust AVUV	340,064	$37.6 million	0.10%	+2,403
iShares Trust ESGU	263,832	$37.3 million	0.10%	-13,853
Franklin Templeton ETF Trust FLQM	667,636	$36.7 million	0.10%	-95,983
PNC Financial Services Group, Inc. PNC	174,338	$36.3 million	0.10%	+61,126
Intel Corp. INTC	816,092	$36.0 million	0.09%	-136,865
Toro Co. TTC	384,270	$35.9 million	0.09%	+11,187
Chubb Ltd. CB	110,012	$35.9 million	0.09%	+6,336
Vanguard Small Cap Growth ETF VBK	118,422	$35.8 million	0.09%	+3,388
iShares Trust IGEB	791,337	$35.7 million	0.09%	+1,211
Oracle Corp. ORCL	242,179	$35.6 million	0.09%	-81,060
Snowflake Inc. SNOW	235,476	$35.5 million	0.09%	-14,410
Morgan Stanley MS	213,933	$35.2 million	0.09%	+76,245
Albemarle Corp. ALB	195,063	$35.0 million	0.09%	+21,867
TechnipFMC plc FTI	506,541	$35.0 million	0.09%	+85,384
Vanguard Ftse Developed Markets VEA	531,000	$34.0 million	0.09%	-10,756
iShares Inc. EMGF	561,566	$33.9 million	0.09%	-113,963
Abbott Laboratories ABT	325,972	$33.5 million	0.09%	-1,304
Altria Group, Inc. MO	505,960	$33.4 million	0.09%	+2,118
Invesco Exchange Traded FD T XSMO	438,442	$33.3 million	0.09%	+24,914
Philip Morris International Inc. PM	201,295	$33.3 million	0.09%	+64,434
Wisdomtree Trust DEM	668,256	$33.2 million	0.09%	+9,339
Janus Detroit Street Trust VNLA	679,451	$33.2 million	0.09%	+70,622
Goldman Sachs Group Inc. GS	39,162	$33.1 million	0.09%	-1,247
Cambria ETF Trust FYLD	885,215	$33.0 million	0.09%	+75,318
American Electric Power Co. Inc. AEP	250,243	$32.8 million	0.09%	-5,169
Western Digital Corp. WDC	120,888	$32.7 million	0.09%	+18,361
SPDR Portfolio Small Cap ETF SPSM	676,310	$32.7 million	0.09%	+28,587
SPDR Ser Trust SPTS	1,110,595	$32.4 million	0.09%	-332,850
Cboe Global Markets, Inc. CBOE	115,114	$32.4 million	0.09%	-10,806
Select Sector SPDR Trust XLU	697,503	$32.0 million	0.08%	-686,053
Allstate Corp. ALL	153,921	$31.9 million	0.08%	-9,416
Wisdomtree Trust EPS	465,565	$31.7 million	0.08%	+31,850
SPDR Ser Trust XAR	124,568	$31.6 million	0.08%	-82,099
J P Morgan Exchange Traded F JMUB	632,187	$31.6 million	0.08%	+117,110
Vanguard Index FDS VOT	120,960	$31.1 million	0.08%	-10,938
Invesco Actvely Mngd Etc FD PDBC	1,793,833	$31.1 million	0.08%	+231,526
Capital GRP Fixed Incm ETF T CGMS	1,130,597	$30.8 million	0.08%	+175,837
United Parcel Service Inc. UPS	312,409	$30.7 million	0.08%	+15,052
General Motors Co. GM	402,771	$30.0 million	0.08%	+88,330
Nisource Inc. NI	642,746	$30.0 million	0.08%	-29,989
Accenture plc ACN	150,912	$29.9 million	0.08%	-39,143
First Trust Exchange Traded FD CIBR	477,063	$29.9 million	0.08%	-253,804
Cigna Group CI	111,342	$29.7 million	0.08%	+26,539
Invesco Exch Traded FD Trust II IDMO	538,915	$29.6 million	0.08%	+65,680
Invesco Exchange Traded FD T RSP	152,012	$29.2 million	0.08%	+8,839
Eaton Corp. plc ETN	81,269	$29.1 million	0.08%	+6,290
Paccar Inc. PCAR	249,041	$28.8 million	0.08%	-10,814
Applied Materials Inc. AMAT	83,815	$28.6 million	0.08%	-1,301
McDonald's Corp. MCD	92,030	$28.6 million	0.08%	-21,061
Invesco Actively Managed Exc GSY	569,764	$28.6 million	0.08%	+47,723
Consolidated Edison Inc. ED	251,126	$28.4 million	0.07%	-6,292
Airbnb, Inc. ABNB	224,732	$28.4 million	0.07%	+47,352
Comcast Corp. CMCSA	988,050	$28.4 million	0.07%	+121,485
ServiceNow, Inc. NOW	265,929	$27.8 million	0.07%	+139,189
Vanguard Small Cap ETF VB	106,060	$27.8 million	0.07%	-7,363
Invesco S&P MidCap Momentum ETF XMMO	190,951	$27.7 million	0.07%	-81,820
Vanguard Specialized Funds VIG	128,141	$27.6 million	0.07%	+2,900
Duke Energy Corp. DUK	209,645	$27.5 million	0.07%	-4,853
J P Morgan Exchange Traded F JCPB	582,362	$27.4 million	0.07%	+150,150
CrowdStrike Holdings, Inc. CRWD	69,921	$27.3 million	0.07%	-2,149
Arista Networks, Inc. ANET	222,254	$27.3 million	0.07%	-9,165
Amplify ETF Trust DIVO	602,737	$27.0 million	0.07%	+54,897
Sandisk Corp. SNDK	42,372	$26.9 million	0.07%	-24,326
Waste Management Inc. WM	115,899	$26.6 million	0.07%	-7,224
Amphenol Corp. APH	208,122	$26.3 million	0.07%	+15,485
Booking Holdings Inc. BKNG	6,234	$26.2 million	0.07%	+1,551
Tidal Trust II RSSX	1,108,902	$26.0 million	0.07%	+780,111
Tidal ETF Trust GRNY	1,084,923	$25.9 million	0.07%	+171,035
First Trust Exchange-Traded FD WCMI	1,540,500	$25.8 million	0.07%	+186,354
Salesforce, Inc. CRM	137,932	$25.7 million	0.07%	-640
Victory Portfolios II GLOW	850,416	$25.7 million	0.07%	+67,461
Centene Corp. CNC	781,665	$25.6 million	0.07%	-23,281
iShares Trust EAGG	532,001	$25.3 million	0.07%	+41,183
Intuitive Surgical Inc. ISRG	54,633	$25.2 million	0.07%	+5,112
Financial Select Sector SPDR ETF XLF	508,753	$25.1 million	0.07%	+136,443
J.B. Hunt Transport Services, Inc. JBHT	118,439	$25.1 million	0.07%	+20,674
Innovator Etfs Trust BALT	745,815	$25.0 million	0.07%	-41,445
Phillips 66 PSX	136,709	$24.9 million	0.07%	+3,630
Uber Technologies, Inc. UBER	345,934	$24.9 million	0.07%	+43,058
Strategy SHS SSUS	532,307	$24.9 million	0.07%	-136,330
Service Corp. International SCI	301,173	$24.8 million	0.07%	-13,056
Newmont Corp. NEM	229,455	$24.8 million	0.07%	+26,563
PIMCO Municipal Income Opportunities Active Exchange-Traded Fund MINO	544,633	$24.6 million	0.06%	+9,889
iShares Russell 1000 Value Inde IWD	115,022	$24.6 million	0.06%	+1,939
Vanguard Mid Cap Index ETF VO	85,391	$24.5 million	0.06%	+574
Coterra Energy Inc. CTRA	695,265	$24.4 million	0.06%	-16,638
Kinder Morgan, Inc. KMI	727,046	$24.4 million	0.06%	+63,136
Select Sector SPDR Trust XLB	486,684	$24.3 million	0.06%	+87,716
Qualcomm Inc. QCOM	188,469	$24.3 million	0.06%	-17,648
NextEra Energy Inc. NEE	261,178	$24.3 million	0.06%	+3,038
First Trust Exchange-Traded FD LMBS	483,115	$24.1 million	0.06%	+93,202
Select Sector SPDR Trust XLRE	588,063	$24.0 million	0.06%	+59,145
Vertiv Holdings Co. VRT	95,625	$24.0 million	0.06%	+23,658
Coreweave Inc. CRWV	307,644	$23.8 million	0.06%	-389
FT Vest Laddered Moderate Buffer ETF BUFZ	906,048	$23.8 million	0.06%	+33,001
Berkshire Hathaway Inc. Del	33	$23.7 million	0.06%	-1
Arch Capital Group Ltd. ACGL	246,167	$23.6 million	0.06%	-21,916
Citigroup Inc. C	208,313	$23.6 million	0.06%	+21,945
Global X Infrastr Development ETF (pave) PAVE	460,523	$23.4 million	0.06%	+66,962
Marsh & McLennan Companies, Inc. MRSH	134,815	$23.4 million	0.06%	+70,452
SPDR Ser Trust SPSB	774,929	$23.3 million	0.06%	+68,955
W. P. Carey Inc. WPC	342,841	$23.3 million	0.06%	-11,368
Evergy, Inc. EVRG	280,007	$22.9 million	0.06%	-7,812
Ea Series Trust BOXX	196,295	$22.8 million	0.06%	-28,276

Every US-listed position in the fund's 13F for the quarter ended 31 March 2026, by the value it reported; the largest 300 here.

Change is shares against its 13F for the quarter before; the 201 it sold out of are in the box above.

Options it reported

Company	Option	Shares under the options	Value of those shares
SPDR S&P 500 SPY	Puts	348,000	$14.0 million
SPDR S&P 500 SPY	Calls	11,100	$1.1 million
Advanced Micro Devices Inc. AMD	Calls	4,000	$102,800
NVIDIA Corp. NVDA	Puts	10,000	$97,520
Microsoft Corp. MSFT	Calls	3,000	$94,168
Alibaba Group Holding Limited BABA	Calls	6,500	$66,650
Vaneck ETF Trust GDX	Calls	4,000	$56,600
Apple Inc. AAPL	Puts	9,700	$52,362
Goldman Sachs Group Inc. GS	Calls	500	$37,525
Tesla, Inc. TSLA	Puts	2,300	$30,820
Lam Research Corp. LRCX	Calls	1,000	$28,200
NVIDIA Corp. NVDA	Calls	3,000	$26,970
Amazon.com Inc. AMZN	Puts	3,000	$25,523
Apollo Global Management, Inc. APO	Puts	3,600	$24,840
Definium Therapeutics Inc. DFTX	Calls	1,000	$16,507
Pfizer Inc. PFE	Calls	2,000	$16,352
iShares Trust EEM	Calls	5,000	$15,250
Iovance Biotherapeutics Inc. IOVA	Calls	10,000	$14,500
General Electric Co. GE	Puts	1,300	$13,488
Recursion Pharmaceuticals in RXRX	Calls	20,000	$11,000
GE Vernova Inc. GEV	Puts	200	$9,096
Joby Aviation Inc. JOBY	Calls	1,000	$2,740
AstraZeneca PLC AZN	Puts	3,600	$1,764
Archer Aviation Inc. ACHR	Calls	1,000	$1,288
Bitmine Immersion Tecnologie BMNR	Calls	100	$188
Tesla, Inc. TSLA	Calls	500	$37

26 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.