Institutional Manager · CIK 0001633024

KWMG, LLC

OVERLAND PARK, KS · File #028-16529

Latest AUM

$1.16B

Positions

149

Top-10 Concentration

40.1%

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
ADD	SELECT SECTOR SPDR TR	81369Y803	+142,701	+$20.5M	-$20.3M
ADD	SELECT SECTOR SPDR TR	81369Y886	+117,928	+$5.0M	-$5.0M
REDUCE	CARDINAL HEALTH INC	CAH	-23,495	-$4.8M	+$5.0M
REDUCE	VANGUARD INDEX FDS	922908553	-43,339	-$3.8M	-$880,020
ADD	VANGUARD BD INDEX FDS	921937827	+32,211	+$2.5M	-$23,962
REDUCE	SEAGATE TECHNOLOGY HLDNGS	SE	-9,194	-$2.5M	+$2.4M
REDUCE	VALERO ENERGY CORP	VLO	-12,246	-$2.0M	-$634,626
NEW	QNITY ELECTRONICS INC	Q	+23,998	+$2.0M	$0
ADD	SELECT SECTOR SPDR TR	81369Y209	+10,319	+$1.6M	+$1.9M
REDUCE	LAM RESEARCH CORP	LRCX	-7,896	-$1.4M	+$3.1M

Sector Allocation

Financials

7.4%$85.6M

Consumer Discretionary

4.2%$48.5M

3.9%$45.1M

2.6%$30.6M

2.2%$26.0M

2.1%$25.0M

1.7%$19.7M

1.1%$12.3M

0.9%$10.7M

Communication Services

0.0%$415,197

Filing History

Jan 16, 202613F HOLDINGS REPORTQ/E Dec 2025149 pos · $1.16B
Oct 8, 202513F HOLDINGS REPORTQ/E Sep 2025150 pos · $1.14B
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 2025146 pos · $1.06B
Apr 9, 202513F HOLDINGS REPORTQ/E Mar 2025143 pos · $982.7M
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 2024139 pos · $971.0M
Oct 7, 202413F HOLDINGS REPORTQ/E Sep 2024136 pos · $994.0M
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 2024134 pos · $927.4M
Apr 15, 202413F HOLDINGS REPORTQ/E Mar 2024127 pos · $914.0M
Oct 10, 202313F HOLDINGS REPORTQ/E Dec 2023135 pos · $795.0M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	VANGUARD TAX-MANAGED FDS	921943858	982,599	$61.4M	6.83%
2	SELECT SECTOR SPDR TR	81369Y803	289,689	$41.7M	4.64%
3	VANGUARD INDEX FDS	922908538	137,813	$38.5M	4.28%
4	VANGUARD INDEX FDS	922908512	203,452	$36.1M	4.02%
5	DIMENSIONAL ETF TRUST	25434V500	482,648	$33.6M	3.74%
6	ISHARES TR	464287176	287,077	$31.6M	3.51%
7	VANGUARD BD INDEX FDS	921937835	412,680	$30.6M	3.40%
8	ISHARES TR	464287309	244,067	$30.1M	3.35%
9	INVESCO QQQ TR	IVZ	48,948	$30.1M	3.35%
10	VANGUARD INTL EQUITY INDEX	922042858	488,836	$26.3M	2.93%
11	ISHARES TR	464287408	119,699	$25.4M	2.83%
12	ISHARES TR	464288513	287,322	$23.2M	2.58%
13	VANGUARD INDEX FDS	922908553	257,017	$22.7M	2.53%
14	VANGUARD BD INDEX FDS	921937827	271,845	$21.4M	2.39%
15	VANGUARD SCOTTSDALE FDS	92206C409	262,254	$20.9M	2.33%
16	SELECT SECTOR SPDR TR	81369Y209	130,246	$20.2M	2.24%
17	PIMCO ETF TR	72201R833	192,093	$19.3M	2.15%
18	VANGUARD WHITEHALL FDS	921946794	211,341	$19.0M	2.12%
19	VANGUARD WORLD FD	92204A702	23,364	$17.6M	1.96%
20	ISHARES TR	46429B747	167,651	$17.2M	1.91%