Institutional Manager · CIK 0001535847

CWM, LLC

Omaha, NE · File #028-15648

Latest AUM

$36.9M

Positions

5,622

Top-10 Concentration

40.3%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES TR	46432F339	-1,001,622	-$198,942	+$13,380
ADD	ISHARES TR	464287408	+702,987	+$149,082	+$10,432
ADD	SELECT SECTOR SPDR TR	81369Y803	+789,087	+$113,605	-$84,934
ADD	SCHWAB STRATEGIC TR	808524839	+3,836,881	+$89,668	-$18
ADD	ISHARES INC	46434G103	+1,273,614	+$85,612	+$5,742
REDUCE	ISHARES TR	464288877	-924,664	-$66,030	+$23,013
REDUCE	SPDR SERIES TRUST	78464A847	-1,137,753	-$65,887	+$3,404
ADD	VANGUARD INDEX FDS	922908736	+124,594	+$60,785	+$4,281
ADD	VANGUARD INDEX FDS	922908744	+303,741	+$58,012	+$2,502
ADD	ISHARES TR	46432F396	+230,310	+$57,649	-$5,594

Sector Allocation

Technology

9.4%$3.5M

Financials

8.8%$3.3M

Healthcare

3.4%$1.3M

Consumer Discretionary

2.9%$1.1M

Industrials

2.1%$779,307

Consumer Staples

1.2%$458,092

Communication Services

1.1%$399,642

1.1%$391,884

0.7%$269,358

0.4%$149,161

0.3%$92,286

Filing History

Jan 26, 202613F HOLDINGS REPORTQ/E Dec 20255,622 pos · $36.9M
Oct 15, 202513F HOLDINGS REPORTQ/E Sep 20255,526 pos · $33.3M
Jul 25, 202513F HOLDINGS REPORTQ/E Jun 20255,277 pos · $28.4M
May 1, 202513F HOLDINGS REPORTQ/E Mar 20255,238 pos · $25.1M
Feb 4, 202513F HOLDINGS REPORTQ/E Dec 20245,134 pos · $24.1M
Oct 8, 202413F HOLDINGS REPORTQ/E Sep 20245,119 pos · $23.3M
Jul 10, 202413F HOLDINGS REPORTQ/E Jun 20244,996 pos · $21.2M
Apr 5, 202413F HOLDINGS REPORTQ/E Mar 20244,792 pos · $20.6M
Oct 11, 202313F HOLDINGS REPORTQ/E Dec 20234,492 pos · $16.3M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	1,435,788	$983,429	5.82%
2	SPDR SERIES TRUST	78464A854	10,359,261	$831,020	4.92%
3	ISHARES TR	46434V613	17,194,171	$800,217	4.74%
4	APPLE INC	AAPL	2,710,224	$736,801	4.36%
5	SPDR INDEX SHS FDS	78463X889	15,520,557	$689,268	4.08%
6	NVIDIA CORPORATION	NVDA	3,373,887	$629,230	3.73%
7	ISHARES TR	464287309	4,775,251	$588,597	3.49%
8	ISHARES TR	464287408	2,579,248	$546,981	3.24%
9	MICROSOFT CORP	MSFT	1,070,954	$517,935	3.07%
10	BLACKROCK ETF TRUST	BLK	8,014,666	$487,372	2.89%
11	SPDR SERIES TRUST	78464A649	18,193,758	$468,489	2.77%
12	ISHARES TR	46432F339	2,245,928	$446,086	2.64%
13	ISHARES TR	464287101	1,190,792	$408,406	2.42%
14	ISHARES TR	464288877	5,503,686	$393,018	2.33%
15	PIMCO ETF TR	72201R775	4,149,576	$386,243	2.29%
16	ISHARES INC	46434G103	5,690,088	$382,488	2.27%
17	INVESCO EXCH TRADED FD TR II	IVZ	2,992,182	$357,027	2.11%
18	AMAZON COM INC	AMZN	1,540,638	$355,610	2.11%
19	SPDR S&P 500 ETF TR	SPY	502,041	$342,352	2.03%
20	ALPHABET INC	GOOG	1,039,950	$325,504	1.93%