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Portfolio (Quarterly) Guide ↗

CWM, LLC

· CIK 0001535847
13F Portfolio $38.1B AUM 5,738 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 303 New 2977 Added 1606 Reduced 208 Exited
Page 2 of 149  ·  2,977 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 FBND FIDELITY MERRIMACK STR TR 3,864,523.0 $176.3M 0.46% +596K +18.2% $45.62 -0.7%
22 WMT WALMART INC Consumer Defensive 1,417,724.0 $176.2M 0.46% +184K +14.9% $124.28 +8.0%
23 BUFR FIRST TR EXCHNG TRADED FD VI 5,140,529.0 $173.6M 0.46% +176K +3.5% $33.77 +7.1%
24 GOVT ISHARES TR 7,549,432.0 $173.0M 0.46% +6.5M +604.7% $22.91 -1.3%
25 JNJ JOHNSON & JOHNSON Healthcare 692,270.0 $169.2M 0.45% +35K +5.4% $244.44 -5.9%
26 JPM JPMORGAN CHASE & CO Financial Services 550,203.0 $161.8M 0.42% +14K +2.6% $294.16 +0.5%
27 ULST SSGA ACTIVE ETF TR 3,949,890.0 $160.0M 0.42% +147K +3.9% $40.50 -0.2%
28 PVAL PUTNAM ETF TRUST 3,343,154.0 $155.1M 0.41% +94K +2.9% $46.40 +7.4%
29 TSLA TESLA INC Consumer Cyclical 413,279.0 $153.6M 0.40% +24K +6.1% $371.75 +8.7%
30 JIRE J P MORGAN EXCHANGE TRADED F 1,912,801.0 $144.9M 0.38% +207K +12.1% $75.74 +6.1%
31 SPEM SPDR INDEX SHS FDS 2,985,833.0 $140.1M 0.37% +548K +22.5% $46.91 +8.9%
32 GOOG ALPHABET INC Communication Services 464,319.0 $133.2M 0.35% +18K +4.0% $286.86 +34.2%
33 LLY ELI LILLY & CO Healthcare 144,076.0 $132.5M 0.35% +6K +4.5% $919.77 +11.1%
34 PYLD PIMCO ETF TR 5,004,693.0 $131.1M 0.34% +787K +18.6% $26.20 +0.1%
35 FBCG FIDELITY COVINGTON TRUST 2,412,385.0 $120.9M 0.32% +1.3M +125.5% $50.12 +21.6%
36 AVDE AMERICAN CENTY ETF TR 1,415,086.0 $120.1M 0.32% +264K +23.0% $84.84 +6.7%
37 SPIP SPDR SERIES TRUST 4,582,105.0 $119.2M 0.31% +497K +12.2% $26.01 -0.5%
38 HEGD LISTED FDS TR 4,586,482.0 $113.3M 0.30% +695K +17.9% $24.70 +7.6%
39 IAGG ISHARES TR 2,255,829.0 $112.9M 0.30% +78K +3.6% $50.04 -0.1%
40 SCHZ SCHWAB STRATEGIC TR 4,789,548.0 $111.2M 0.29% +767K +19.1% $23.22 -1.1%
Page 2 of 149  ·  2,977 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 26.2%
Financial Services 18.8%
Healthcare 11.3%
Industrials 10.2%
Consumer Cyclical 9.5%
Communication Services 6.9%
Consumer Defensive 6.0%
Energy 4.5%
Utilities 3.0%
Basic Materials 1.9%