BWM Planning, LLC
CIK 2039698 · View on SEC EDGAR ↗
- Portfolio value
- $423.1M
- Positions
- 99
- As of
- June 30, 2026
#4,219 of 9,443 by 13F value · top 44.7%
Portfolio value QoQ: +13.3% 13F does not disclose cash
- Top 10 holdings weight
- 60.47%
- Top 25 holdings weight
- 84.51%
- Positions above 1%
- 21
- Effective number of positions
- 20.2
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 1.06% Est. buys $21,051,477 · sells $4,202,034
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 83.9% still held
- New positions
- 15
- Increased
- 41
- Decreased
- 9
- Closed
- 3
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
4.1%
Energy
4.0%
Financials
1.6%
Healthcare
0.7%
Retail
0.4%
Industrials
0.3%
Consumer Discretionary
0.2%
Communication Services
0.2%
Consumer Staples
0.1%
Financial Services
0.1%
Materials
0.1%
Communications
0.0%
Consumer products
0.0%
Other/Unmapped
88.1%
Full portfolio 99 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VTI | $47,192,265 | 11.15% | 127,533 | $8,411,648 | Up ×6 | ||
| AVUV | $45,194,814 | 10.68% | 362,254 | $6,494,020 | Up ×6 | ||
| AVNM | $33,488,649 | 7.92% | 406,514 | $4,619,670 | Up ×6 | ||
| AVDE | $25,638,874 | 6.06% | 287,431 | $1,494,214 | Up ×1 | ||
| DFAI | $23,442,875 | 5.54% | 568,312 | $1,738,696 | Up ×1 | ||
| SCHO | $17,937,273 | 4.24% | 743,052 | $859,350 | Up ×6 | ||
| QVAL Alpha Architect U.S. Quantitative Value ETF | $16,678,666 | 3.94% | 300,787 | $1,539,920 | Up ×1 | ||
| QMOM Alpha Architect U.S. Quantitative Momentum ETF | $16,140,547 | 3.81% | 205,011 | $2,413,294 | Up ×6 | ||
| DFCF | $15,636,456 | 3.70% | 370,444 | $1,254,612 | Up ×6 | ||
| DFAE | $14,486,779 | 3.42% | 360,278 | $2,108,340 | Down ×2 | ||
| AAPL Apple Inc. - Common Stock | $12,179,260 | 2.88% | 42,090 | $1,861,873 | Up ×1 | ||
| SPXE | $11,232,477 | 2.65% | 139,194 | $1,558,570 | |||
| HIDE Alpha Architect High Inflation and Deflation ETF | $10,840,000 | 2.56% | 453,498 | $796,652 | Up ×6 | ||
| IVV | $10,274,494 | 2.43% | 13,720 | $1,529,566 | Up ×1 | ||
| RSST | $7,516,922 | 1.78% | 229,946 | $1,140,782 | Up ×6 | ||
| DFAT | $7,164,454 | 1.69% | 102,496 | $858,715 | Up ×1 | ||
| BRKB | $5,943,632 | 1.40% | 11,878 | $399,288 | Up ×3 | ||
| DISV | $5,719,813 | 1.35% | 142,532 | $181,194 | Up ×1 | ||
| AVEM | $5,548,183 | 1.31% | 57,500 | $1,222,750 | Up ×1 | ||
| WFC Wells Fargo & Company Common Stock | $4,959,610 | 1.17% | 60,015 | $181,845 | |||
| SUB | $4,347,423 | 1.03% | 40,832 | $475,515 | Up ×4 | ||
| SPY SPY | $4,188,520 | 0.99% | 5,609 | $1,389,002 | Up ×3 | ||
| DFAS | $4,044,474 | 0.96% | 49,119 | $-90,530 | Down ×2 | ||
| IEFA | $3,894,138 | 0.92% | 40,320 | $257,880 | Up ×1 | ||
| RSBT | $3,858,315 | 0.91% | 202,643 | $540,648 | Up ×1 | ||
| DFUV | $3,724,562 | 0.88% | 67,707 | $443,481 | |||
| BOXX | $3,698,631 | 0.87% | 31,588 | $144,468 | Up ×3 | ||
| AVDV | $3,472,666 | 0.82% | 33,699 | $90,678 | Down ×2 | ||
| DFNM | $3,318,763 | 0.78% | 68,662 | $445,880 | Up ×4 | ||
| XOM Exxon Mobil Corporation Common Stock | $3,183,525 | 0.75% | 23,285 | $-787,200 | Down ×2 | ||
| PBT Permian Basin Royalty Trust Common Stock | $2,614,111 | 0.62% | 104,397 | $367,479 | |||
| CVX Chevron Corporation Common Stock | $2,557,403 | 0.60% | 15,428 | $-634,722 | |||
| INTC Intel Corporation - Common Stock | $2,408,722 | 0.57% | 17,251 | $1,660,685 | Up ×1 | ||
| DFIV | $2,220,734 | 0.52% | 41,109 | $50,976 | |||
| JPM JP Morgan Chase & Co. Common Stock | $1,630,679 | 0.39% | 4,982 | $320,561 | Up ×1 | ||
| JNJ Johnson & Johnson Common Stock | $1,626,060 | 0.38% | 6,403 | $171,503 | Up ×1 | ||
| DFUS | $1,583,889 | 0.37% | 19,330 | $213,209 | |||
| SBR Sabine Royalty Trust Common Stock | $1,577,612 | 0.37% | 21,552 | $-46,122 | |||
| DVN Devon Energy Corporation Common Stock | $1,554,489 | 0.37% | 37,621 | Up ×1 | |||
| HD Home Depot, Inc. (The) Common Stock | $1,551,713 | 0.37% | 4,400 | $215,177 | Up ×1 | ||
| VEU | $1,392,930 | 0.33% | 16,632 | $143,867 | |||
| AVGO Broadcom Inc. - Common Stock | $1,353,440 | 0.32% | 3,583 | $244,497 | |||
| WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests | $1,239,502 | 0.29% | 28,325 | $73,362 | |||
| LLY Eli Lilly and Company Common Stock | $1,224,524 | 0.29% | 1,021 | $285,511 | |||
| HP Helmerich & Payne, Inc. Common Stock | $1,152,812 | 0.27% | 35,211 | $-115,844 | |||
| VOO | $1,140,434 | 0.27% | 1,660 | $148,304 | |||
| DFGX Dimensional Global ex US Core Fixed Income ETF | $944,769 | 0.22% | 17,628 | $20,172 | |||
| MSFT Microsoft Corporation - Common Stock | $936,864 | 0.22% | 2,512 | $176,696 | Up ×1 | ||
| DFGR | $936,861 | 0.22% | 32,339 | $204,805 | Up ×1 | ||
| PSX Phillips 66 Common Stock | $883,928 | 0.21% | 5,229 | $-845,652 | Down ×1 | ||
| EFV | $854,834 | 0.20% | 11,167 | $24,568 | |||
| VSS | $792,279 | 0.19% | 5,135 | $43,647 | |||
| AGG | $776,498 | 0.18% | 7,845 | $-2,275 | |||
| CLB Core Laboratories Inc. Common Stock | $757,664 | 0.18% | 65,036 | $-334,283 | |||
| VEA | $717,260 | 0.17% | 10,067 | $149,075 | Up ×1 | ||
| TSLA Tesla, Inc. - Common Stock | $667,913 | 0.16% | 1,588 | $77,574 | |||
| VXUS Vanguard Total International Stock ETF | $616,468 | 0.15% | 7,211 | $60,428 | |||
| NVDA NVIDIA Corporation - Common Stock | $612,373 | 0.14% | 3,060 | $248,664 | Up ×1 | ||
| VV | $597,901 | 0.14% | 1,739 | $78,339 | |||
| SCHE | $543,791 | 0.13% | 14,997 | $-43,642 | Down ×1 | ||
| DFAC | $480,826 | 0.11% | 10,839 | $60,265 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $469,823 | 0.11% | 638 | ||||
| PEP PepsiCo, Inc. - Common Stock | $466,354 | 0.11% | 3,444 | $-68,507 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $459,007 | 0.11% | 1,299 | $229,493 | Up ×1 | ||
| AVSC | $423,976 | 0.10% | 5,781 | ||||
| VBR | $402,198 | 0.10% | 1,655 | $42,605 | |||
| ETN Eaton Corporation, PLC Ordinary Shares | $399,438 | 0.09% | 937 | $64,164 | |||
| AVRE | $396,428 | 0.09% | 8,367 | $28,113 | |||
| BND Vanguard Total Bond Market ETF | $393,551 | 0.09% | 5,361 | $-6,167 | Down ×1 | ||
| KOS Kosmos Energy Ltd. Common Shares (DE) | $383,252 | 0.09% | 181,636 | ||||
| HAL Halliburton Company Common Stock | $376,265 | 0.09% | 11,083 | $-55,857 | |||
| XLK XLK | $371,255 | 0.09% | 1,949 | $170,005 | Up ×1 | ||
| COP ConocoPhillips Common Stock | $369,401 | 0.09% | 3,553 | $-117,454 | Down ×1 | ||
| BSVO EA Bridgeway Omni Small-Cap Value ETF | $355,852 | 0.08% | 12,191 | $46,566 | |||
| GOOGL Alphabet Inc. - Class A Common Stock | $326,636 | 0.08% | 914 | $63,806 | |||
| DFAX | $320,487 | 0.08% | 8,699 | $28,054 | Up ×6 | ||
| MAIN Main Street Capital Corporation Common Stock | $315,303 | 0.07% | 6,078 | $-6,563 | |||
| AVGE | $284,920 | 0.07% | 2,875 | Up ×1 | |||
| DFSU | $279,423 | 0.07% | 5,992 | $35,388 | Up ×3 | ||
| VWO | $269,562 | 0.06% | 4,516 | $63,089 | Up ×1 | ||
| VYM | $263,827 | 0.06% | 1,669 | $16,670 | |||
| ET Energy Transfer LP Common Units | $258,717 | 0.06% | 13,531 | $1,729 | Up ×4 | ||
| SPSK | $256,001 | 0.06% | 14,214 | $3,750 | Up ×2 | ||
| META Meta Platforms, Inc. - Class A Common Stock | $253,622 | 0.06% | 450 | $77,834 | Up ×1 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $250,156 | 0.06% | 2,711 | Up ×1 | |||
| DE Deere & Company Common Stock | $237,734 | 0.06% | 375 | $26,620 | |||
| XPO XPO, Inc. Common Stock | $226,845 | 0.05% | 1,105 | $11,867 | |||
| AMZN Amazon.com, Inc. - Common Stock | $223,196 | 0.05% | 936 | ||||
| NUE Nucor Corporation Common Stock | $222,750 | 0.05% | 1,000 | Up ×1 | |||
| LUV Southwest Airlines Company Common Stock | $210,051 | 0.05% | 4,085 | Up ×1 | |||
| CSCO Cisco Systems, Inc. - Common Stock | $186,644 | 0.04% | 1,589 | Up ×1 | |||
| PG Procter & Gamble Company (The) Common Stock | $171,422 | 0.04% | 1,169 | ||||
| SCHF | $146,402 | 0.03% | 5,285 | $127,808 | Up ×1 | ||
| UAL United Airlines Holdings, Inc. - Common Stock | $122,391 | 0.03% | 900 | ||||
| CAT Caterpillar, Inc. Common Stock | $54,581 | 0.01% | 51 | Up ×1 | |||
| TSM Taiwan Semiconductor Manufacturing Company Ltd. | $31,042 | 0.01% | 65 | $9,075 | |||
| QCOM QUALCOMM Incorporated - Common Stock | $14,968 | 0.00% | 81 | ||||
| MU Micron Technology, Inc. - Common Stock | $4,622 | 0.00% | 4 | Up ×1 | |||
| IWM | $2,704 | 0.00% | 9 | $-199,168 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| VTI | $47,192,265 | 11.15% | up ×6 |
| AVUV | $45,194,814 | 10.68% | up ×6 |
| AVNM | $33,488,649 | 7.92% | up ×6 |
| SCHO | $17,937,273 | 4.24% | up ×6 |
| QMOM | $16,140,547 | 3.81% | up ×6 |
| DFCF | $15,636,456 | 3.70% | up ×6 |
| HIDE | $10,840,000 | 2.56% | up ×6 |
| RSST | $7,516,922 | 1.78% | up ×6 |
| BRKB | $5,943,632 | 1.40% | up ×3 |
| SUB | $4,347,423 | 1.03% | up ×4 |
| SPY | $4,188,520 | 0.99% | up ×3 |
| BOXX | $3,698,631 | 0.87% | up ×3 |
| DFNM | $3,318,763 | 0.78% | up ×4 |
| DFAX | $320,487 | 0.08% | up ×6 |
| DFSU | $279,423 | 0.07% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| DVN | $1,554,489 | 37,621 | 0.37% |
| QQQ | $469,823 | 638 | 0.11% |
| AVSC | $423,976 | 5,781 | 0.10% |
| KOS | $383,252 | 181,636 | 0.09% |
| AVGE | $284,920 | 2,875 | 0.07% |
| SCHW | $250,156 | 2,711 | 0.06% |
| AMZN | $223,196 | 936 | 0.05% |
| NUE | $222,750 | 1,000 | 0.05% |
| LUV | $210,051 | 4,085 | 0.05% |
| CSCO | $186,644 | 1,589 | 0.04% |
| PG | $171,422 | 1,169 | 0.04% |
| UAL | $122,391 | 900 | 0.03% |
| CAT | $54,581 | 51 | 0.01% |
| QCOM | $14,968 | 81 | 0.00% |
| MU | $4,622 | 4 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| VTI | Bought more | +7K | +$8.4M |
| AVUV | Bought more | +12K | +$6.5M |
| AVNM | Bought more | +28K | +$4.6M |
| QMOM | Bought more | +4K | +$2.4M |
| DFAE | Trimmed | -5K | +$2.1M |
| AAPL | Bought more | +1K | +$1.9M |
| DFAI | Bought more | +11K | +$1.7M |
| INTC | Bought more | +300 | +$1.7M |
| SPXE | Price move only | +0 | +$1.6M |
| QVAL | Bought more | +10K | +$1.5M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CTRA | June 30, 2026 | 52,487 | $1,844,386 | No longer tracked |
| AVIG | June 30, 2025 | 32,707 | $1,353,743 | No longer tracked |
| VTEB | June 30, 2025 | 13,767 | $683,119 | No longer tracked |
| SPWO | March 31, 2025 | 30,538 | $669,398 | No longer tracked |
| SPUS | March 31, 2025 | 14,339 | $615,574 | No longer tracked |
| STIP | March 31, 2026 | 5,899 | $604,031 | No longer tracked |
| NSC | Dec. 31, 2025 | 2,000 | $600,820 | 21.7% |
| IBHF | Dec. 31, 2025 | 13,867 | $324,345 | No longer tracked |
| VGIT | June 30, 2025 | 4,876 | $289,634 | |
| JPST | Dec. 31, 2025 | 5,102 | $258,824 | No longer tracked |
| AVSC | March 31, 2026 | 4,367 | $256,518 | No longer tracked |
| VTV | Sept. 30, 2025 | 1,404 | $248,215 | No longer tracked |
| T | Dec. 31, 2025 | 8,319 | $234,929 | 2.0% |
| WMB | March 31, 2026 | 3,871 | $232,715 | 2.4% |
| TALO | March 31, 2026 | 18,381 | $202,559 | 7.2% |
| DE | Sept. 30, 2025 | 375 | $190,572 | 29.5% |
| PG | March 31, 2026 | 1,232 | $176,558 | 1.2% |
| GILD | June 30, 2026 | 1,105 | $154,004 | 17.5% |
| NEA | Dec. 31, 2025 | 13,154 | $149,824 | -2.3% |
| T | June 30, 2026 | 4,496 | $130,339 | 22.3% |
| QQQ | March 31, 2026 | 200 | $122,862 | |
| UAL | March 31, 2026 | 1,063 | $118,865 | 28.4% |
| NUV | Dec. 31, 2025 | 12,283 | $110,301 | -0.5% |
| AMZN | March 31, 2026 | 299 | $69,122 | 24.9% |
| SYF | March 31, 2026 | 493 | $41,131 | 20.0% |
| KOS | March 31, 2026 | 31,898 | $28,944 | -0.4% |
| QCOM | March 31, 2026 | 81 | $13,855 | 25.6% |
| UNP | June 30, 2025 | 8 | $1,890 | 33.1% |