SPWM Advisors
TRAVERSE CITY, MIfiles as SPWM Advisors LLC
$108m in 90 US stocks at the end of 30 June 2026. The top 10 are 59.7% of the money. It changed about 9.5% of the portfolio this quarter.
Value
$108m
Stocks
90
Top 10 share
59.7%
Turnover
9.5%
What changed this quarter
New
Bought for the first time this quarter.
- S&P GlobalSPGI0.5% of the fund
- Arthur J. GallagherAJG0.5% of the fund
- NetflixNFLX0.5% of the fund
- Space Exploration TechnologiesSPCX0.3% of the fund
- Black Stone Minerals L PBSM0.1% of the fund
Added
Bought more of a stock they already held.
- Invesco Exchange Traded FD TPWV14.9% of the fund+16%
- Fidelity Merrimack STR TRFBND10.9% of the fund+4%
- NvidiaNVDA2.7% of the fund+6%
- AppleAAPL1.4% of the fund+10%
- Sprott FDS TRSLVR1.4% of the fund+13%
- Intercontinental ExchangeICE0.8% of the fund+84%
- MedtronicMDT0.7% of the fund+2%
- TeslaTSLA0.5% of the fund+7%
- StrykerSYK0.4% of the fund+23%
- AccentureACN0.3% of the fund+49%
- WalmartWMT0.3% of the fund+2%
- Advanced Micro DevicesAMD0.2% of the fund+11%
- Hecla MiningHL0.1% of the fund+2%
Cut
Sold some of their stake.
- Amazon.comAMZN2.6% of the fund-13%
- MicrosoftMSFT2.5% of the fund-16%
- Applied MaterialsAMAT2.1% of the fund-29%
- Meta PlatformsMETA1.8% of the fund-20%
- AlphabetGOOGL1.7% of the fund-20%
- Charles SchwabSCHW1.6% of the fund-20%
- Booking HoldingsBKNG1.4% of the fund-26%
- VisaV1.3% of the fund-21%
- Berkshire HathawayBRK-B1.2% of the fund-22%
- Taiwan Semiconductor ManufacturingTSM1.2% of the fund-28%
- Philip Morris InternationalPM1.1% of the fund-31%
- JPMorgan ChaseJPM1.1% of the fund-16%
- AlphabetGOOG1.0% of the fund-23%
- Elevance HealthELV0.9% of the fund-24%
- Iqvia HoldingsIQV0.9% of the fund-26%
- ExxonMobil HoldingsXOM0.8% of the fund-14%
- Wells Fargo & CompanyWFC0.7% of the fund-20%
- Becton DickinsonBDX0.7% of the fund-4%
- General DynamicsGD0.6% of the fund-20%
- QualcommQCOM0.6% of the fund-30%
- ConocoPhillipsCOP0.6% of the fund-21%
- Analog DevicesADI0.6% of the fund-20%
- MastercardMA0.6% of the fund-22%
- Bank of New York MellonBNY0.5% of the fund-20%
- Omnicom GroupOMC0.5% of the fund-22%
Sold out
Sold their entire stake.
- StarbucksSBUX-100%
- Vaneck ETF TrustGDXJ-100%
- Sanofi SASNY-100%
- IntelINTC-100%
- PepsiCoPEP-100%
- Lamar AdvertisingLAMR-100%
- Veeva SystemsVEEV-100%
- GSKGSK-100%
Holdings
- Invesco Exchange Traded FD TPWV
- Share
- 14.9%
- Value
- $16m
- Shares
- 204,744
+16%
- Fidelity Merrimack STR TRFBND
- Share
- 10.9%
- Value
- $12m
- Shares
- 260,686
+4%
- American Centy ETF TRAVUV
- Share
- 10.2%
- Value
- $11m
- Shares
- 88,407
Held
- Dimensional ETF TrustDFEV
- Share
- 10.1%
- Value
- $11m
- Shares
- 274,653
Held
- Sprott FDS TRSLVR
- Share
- 1.4%
- Value
- $1m
- Shares
- 31,823
+13%
- Ishares TRIWF
- Share
- 0.8%
- Value
- $853,630
- Shares
- 7,151
Held
- Vanguard Index FDSVOO
- Share
- 0.6%
- Value
- $635,573
- Shares
- 930
Held
- Vanguard Index FDSVTV
- Share
- 0.5%
- Value
- $577,239
- Shares
- 2,649
Held
- UnileverUL
- Share
- 0.5%
- Value
- $529,231
- Shares
- 8,483
-24%
- First Majestic SilverAG
- Share
- 0.4%
- Value
- $449,832
- Shares
- 28,452
Held
- Ishares TRIJR
- Share
- 0.4%
- Value
- $384,337
- Shares
- 2,632
Held
- Schwab Strategic TRSCHF
- Share
- 0.3%
- Value
- $356,127
- Shares
- 13,185
-10%
- Ishares TRIUSG
- Share
- 0.3%
- Value
- $303,611
- Shares
- 1,652
Held
- Ishares TRIJH
- Share
- 0.3%
- Value
- $282,011
- Shares
- 3,733
Held
- Space Exploration TechnologiesSPCX
- Share
- 0.3%
- Value
- $273,646
- Shares
- 2,207
New
- Sprott Asset Management LPPSLV
- Share
- 0.2%
- Value
- $234,520
- Shares
- 13,000
Held
- Select Sector Spdr TRXLE
- Share
- 0.2%
- Value
- $213,411
- Shares
- 3,700
Held
- Fortuna MiningFSM
- Share
- 0.2%
- Value
- $163,282
- Shares
- 20,010
Held
- Lloyds Banking GroupLYG
- Share
- 0.2%
- Value
- $162,415
- Shares
- 27,251
-13%
- Black Stone Minerals L PBSM
- Share
- 0.1%
- Value
- $143,510
- Shares
- 10,029
New
- Denison MinesDNN
- Share
- <0.1%
- Value
- $56,428
- Shares
- 20,010
Held
- TRX GoldTRX
- Share
- <0.1%
- Value
- $47,118
- Shares
- 65,000
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Invesco Exchange Traded FD TPWV | 14.9% | $16m | 204,744 | +16% |
| Fidelity Merrimack STR TRFBND | 10.9% | $12m | 260,686 | +4% |
| American Centy ETF TRAVUV | 10.2% | $11m | 88,407 | Held |
| Dimensional ETF TrustDFEV | 10.1% | $11m | 274,653 | Held |
| NvidiaNVDA | 2.7% | $3m | 14,653 | +6% |
| Amazon.comAMZN | 2.6% | $3m | 11,462 | -13% |
| MicrosoftMSFT | 2.5% | $3m | 6,738 | -16% |
| Applied MaterialsAMAT | 2.1% | $2m | 4,387 | -29% |
| Meta PlatformsMETA | 1.8% | $2m | 3,021 | -20% |
| AlphabetGOOGL | 1.7% | $2m | 5,356 | -20% |
| Charles SchwabSCHW | 1.6% | $2m | 17,069 | -20% |
| AppleAAPL | 1.4% | $2m | 4,584 | +10% |
| Sprott FDS TRSLVR | 1.4% | $1m | 31,823 | +13% |
| Booking HoldingsBKNG | 1.4% | $1m | 8,184 | -26% |
| VisaV | 1.3% | $1m | 3,858 | -21% |
| Berkshire HathawayBRK-B | 1.2% | $1m | 2,656 | -22% |
| Taiwan Semiconductor ManufacturingTSM | 1.2% | $1m | 3,179 | -28% |
| Philip Morris InternationalPM | 1.1% | $1m | 6,352 | -31% |
| JPMorgan ChaseJPM | 1.1% | $1m | 3,381 | -16% |
| AlphabetGOOG | 1.0% | $1m | 3,118 | -23% |
| Elevance HealthELV | 0.9% | $941,986 | 2,525 | -24% |
| Iqvia HoldingsIQV | 0.9% | $926,314 | 4,491 | -26% |
| ExxonMobil HoldingsXOM | 0.8% | $864,998 | 5,870 | -14% |
| Ishares TRIWF | 0.8% | $853,630 | 7,151 | Held |
| PolarisPII | 0.8% | $827,740 | 11,308 | Held |
| Intercontinental ExchangeICE | 0.8% | $825,129 | 5,909 | +84% |
| Wells Fargo & CompanyWFC | 0.7% | $779,198 | 8,904 | -20% |
| Becton DickinsonBDX | 0.7% | $762,451 | 4,820 | -4% |
| MedtronicMDT | 0.7% | $714,513 | 8,588 | +2% |
| General DynamicsGD | 0.6% | $679,909 | 1,845 | -20% |
| QualcommQCOM | 0.6% | $654,955 | 3,813 | -30% |
| Vanguard Index FDSVOO | 0.6% | $635,573 | 930 | Held |
| ConocoPhillipsCOP | 0.6% | $634,299 | 5,530 | -21% |
| Analog DevicesADI | 0.6% | $611,722 | 1,630 | -20% |
| MastercardMA | 0.6% | $608,815 | 1,120 | -22% |
| Bank of New York MellonBNY | 0.5% | $587,008 | 3,736 | -20% |
| Vanguard Index FDSVTV | 0.5% | $577,239 | 2,649 | Held |
| Omnicom GroupOMC | 0.5% | $554,811 | 6,788 | -22% |
| TeslaTSLA | 0.5% | $540,412 | 1,419 | +7% |
| RTXRTX | 0.5% | $531,942 | 2,749 | -7% |
| UnileverUL | 0.5% | $529,231 | 8,483 | -24% |
| Walt DisneyDIS | 0.5% | $517,072 | 5,294 | -27% |
| S&P GlobalSPGI | 0.5% | $516,177 | 1,145 | New |
| Arthur J. GallagherAJG | 0.5% | $513,195 | 2,021 | New |
| NetflixNFLX | 0.5% | $509,058 | 7,383 | New |
| Royal GoldRGLD | 0.5% | $487,575 | 2,577 | Held |
| AirbnbABNB | 0.5% | $487,427 | 3,339 | -21% |
| Air Products & ChemicalsAPD | 0.4% | $477,108 | 1,614 | -21% |
| ComcastCMCSA | 0.4% | $469,036 | 19,716 | -26% |
| Novartis AGNVS | 0.4% | $453,334 | 2,948 | -24% |
| First Majestic SilverAG | 0.4% | $449,832 | 28,452 | Held |
| Costco WholesaleCOST | 0.4% | $441,155 | 469 | Held |
| StrykerSYK | 0.4% | $436,185 | 1,364 | +23% |
| MascoMAS | 0.4% | $426,452 | 5,422 | -22% |
| AonAON | 0.4% | $392,792 | 1,070 | -20% |
| Ishares TRIJR | 0.4% | $384,337 | 2,632 | Held |
| AccentureACN | 0.3% | $365,014 | 2,542 | +49% |
| Waste ManagementWM | 0.3% | $361,051 | 1,509 | Held |
| Schwab Strategic TRSCHF | 0.3% | $356,127 | 13,185 | -10% |
| Check Point Software TechnologiesCHKP | 0.3% | $346,726 | 2,529 | -28% |
| CencoraCOR | 0.3% | $342,270 | 1,112 | -21% |
| WalmartWMT | 0.3% | $340,020 | 2,976 | +2% |
| SalesforceCRM | 0.3% | $328,304 | 1,922 | -26% |
| PfizerPFE | 0.3% | $328,074 | 13,097 | -3% |
| MckessonMCK | 0.3% | $317,470 | 377 | -20% |
| AutodeskADSK | 0.3% | $317,044 | 1,452 | -25% |
| Ishares TRIUSG | 0.3% | $303,611 | 1,652 | Held |
| DexcomDXCM | 0.3% | $296,329 | 3,866 | -24% |
| Ishares TRIJH | 0.3% | $282,011 | 3,733 | Held |
| AdobeADBE | 0.3% | $277,820 | 1,171 | -20% |
| AmrizeAMRZ | 0.3% | $274,176 | 5,512 | -20% |
| Space Exploration TechnologiesSPCX | 0.3% | $273,646 | 2,207 | New |
| Advanced Micro DevicesAMD | 0.2% | $254,821 | 514 | +11% |
| Thermo Fisher ScientificTMO | 0.2% | $251,193 | 472 | -18% |
| AutonationAN | 0.2% | $248,510 | 1,208 | Held |
| OracleORCL | 0.2% | $247,051 | 1,954 | -20% |
| Uber TechnologiesUBER | 0.2% | $238,393 | 3,290 | -26% |
| Sprott Asset Management LPPSLV | 0.2% | $234,520 | 13,000 | Held |
| EcolabECL | 0.2% | $217,850 | 798 | -22% |
| Select Sector Spdr TRXLE | 0.2% | $213,411 | 3,700 | Held |
| Ferguson EnterprisesFERG | 0.2% | $211,720 | 913 | -23% |
| EnbridgeENB | 0.2% | $210,431 | 3,711 | -18% |
| Duke EnergyDUK | 0.2% | $205,557 | 1,644 | -4% |
| Fortuna MiningFSM | 0.2% | $163,282 | 20,010 | Held |
| Lloyds Banking GroupLYG | 0.2% | $162,415 | 27,251 | -13% |
| Hecla MiningHL | 0.1% | $146,433 | 10,219 | +2% |
| Black Stone Minerals L PBSM | 0.1% | $143,510 | 10,029 | New |
| Denison MinesDNN | <0.1% | $56,428 | 20,010 | Held |
| Novagold ResourcesNG | <0.1% | $51,852 | 10,010 | Held |
| TRX GoldTRX | <0.1% | $47,118 | 65,000 | Held |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 3.7% since 31 December 2025.
Where the money is
Technology13.3%
Financial services9.0%
Media & telecom6.4%
Retail & consumer5.9%
Health care5.3%
Industrials2.3%
Materials2.2%
Everyday goods1.9%
Energy1.6%
Utilities0.2%
Other51.9%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.