SEC 13F Intelligence

Managers / Q1 2026

NWAM LLC

CIK 0001655006 · 2835 82ND AVE SE, SUITE 100, MERCER ISLAND, WA, 98040 · (206)838-3680

Reported Value
$1.7B
Q1 2026
Positions
621
Filings on Record
32
2019–present window
Filed
May 4, 2026
original filing

Summary

Nwam LLC reported $1.7B in U.S.-listed holdings across 621 positions for Q1 2026.

Its largest position, MSFT, represents 4.9% of the portfolio.

Compared with Q4 2025, the fund opened 102 new positions and exited 96.

Portfolio Metrics

Turnover
+16.5%
vs prior filed quarter
Top-10 Concentration
+23.7%
share of reported value
Largest Position
+4.9%
Microsoft
New / Exited
102 / 96
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $389MQ4 ’18Q1 ’19: $464MQ2 ’19: $502MQ3 ’19: $534MQ4 ’19: $578MQ4 ’19Q1 ’20: $3.7BQ2 ’20: $714MQ3 ’20: $606MQ4 ’20: $876MQ4 ’20Q1 ’21: $1.0BQ2 ’21: $1.1BQ3 ’21: $1.1BQ4 ’21: $1.3BQ4 ’21Q1 ’22: $1.3BQ2 ’22: $1.1BQ3 ’22: $1.0BQ4 ’22: $1.1BQ4 ’22Q1 ’23: $986MQ2 ’23: $1.2BQ3 ’23: $986MQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.2BQ2 ’24: $340MQ3 ’24: $1.6BQ4 ’24: $1.6BQ4 ’24Q1 ’25: $1.2BQ2 ’25: $1.2BQ3 ’25: $1.4BQ4 ’25: $1.7BQ4 ’25Q1 ’26: $1.7Bfilingsflow.com

Portfolio Composition

By security type
ETP: 54.9%Common Stock: 42.6%ADR: 0.9%Other: 0.9%Closed-End Fund: 0.4%Other: 0.3%
  • ETP · 54.9% · $954M
  • Common Stock · 42.6% · $740M
  • ADR · 0.9% · $16M
  • Other · 0.9% · $16M
  • Closed-End Fund · 0.4% · $7M
  • Other · 0.3% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
HIIHUNTINGTON INGALLS INDS INCNEW+17.7K17.7K+$7M$7M
HALHALLIBURTON CONEW+131.5K131.5K+$5M$5M
PROCURE ETF TRUST IINEW+106.9K106.9K+$5M$5M
SLBSLB LIMITEDNEW+92.7K92.7K+$5M$5M
ISHARES TRNEW+133.2K133.2K+$5M$5M
SPROTT FDS TRNEW+232.3K232.3K+$4M$4M
CNRCORE NATURAL RESOURCES INCNEW+33.5K33.5K+$4M$4M
GLOBAL X FDSNEW+39.9K39.9K+$3M$3M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

33 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VUGVANGUARD INDEX FDSGROWTH ETF · VALUE ETF · REAL ESTATE ETF · TOTAL STK MKT · S&P 500 ETF SHS · LARGE CAP ETF6.46%$112M468.9K
2ISHARES TRCORE S&P TTL STK · RUS 1000 GRW ETF · CORE S&P500 ETF · CORE US AGGBD ET · RUS 1000 VAL ETF · CORE S&P MCP ETF5.97%$104M571.8K
3MSFTMICROSOFT CORPhistory →COM4.89%$85M229.6K
4AAPLAPPLE INChistory →COM3.74%$65M255.8K
5VANGUARD BD INDEX FDSSHORT TRM BOND · TOTAL BND MRKT · INTERMED TERM2.65%$46M602.0K
6NVDANVIDIA CORPORATIONhistory →COM2.41%$42M239.9K
7NDQINVESCO QQQ TRhistory →UNIT SER 11.98%$34M59.5K
8VANECK ETF TRUSTGOLD MINERS ETF · JUNIOR GOLD MINE · SEMICONDUCTR ETF1.97%$34M263.1K
9GOOGALPHABET INCCAP STK CL C · CAP STK CL A1.81%$31M109.7K
10AVGOBROADCOM INChistory →COM1.75%$30M98.0K
11AMZNAMAZON COM INChistory →COM1.71%$30M142.4K
12AMERICAN CENTY ETF TRUS SML CP VALU · INTERNATIONAL LR1.38%$24M257.6K
13DFACDIMENSIONAL ETF TRUSTUS CORE EQUITY 2 · US SUSTAINABILTY1.29%$22M562.9K
14EXMOCEXXON MOBIL CORPhistory →COM1.25%$22M127.7K
15COSTCOSTCO WHOLESALE CORPORATIONhistory →COM1.20%$21M20.9K
16BRK/BBERKSHIRE HATHAWAY INC DELhistory →CL B NEW1.17%$20M42.4K
17TSLATESLA INChistory →COM1.09%$19M51.1K
18VANGUARD TAX-MANAGED FDSVAN FTSE DEV MKT0.88%$15M237.6K
19GQ9SPDR GOLD TRhistory →GOLD SHS0.87%$15M35.3K
20METAMETA PLATFORMS INChistory →CL A0.80%$14M24.2K
21LLYELI LILLY & COhistory →COM0.77%$13M14.5K
22VANGUARD WHITEHALL FDSHIGH DIV YLD0.75%$13M87.8K
23VANGUARD CHARLOTTE FDSTOTAL INT BD ETF0.72%$12M260.0K
24STATE STR SPDR S&P 500 ETF TTR UNIT0.71%$12M19.0K
25UPSUNITED PARCEL SVCS INChistory →CL B0.61%$11M107.5K
26BABOEING COhistory →COM0.61%$11M53.0K
27PGPROCTER & GAMBLE COhistory →COM0.59%$10M70.5K
28GEVGE VERNOVA INCCOM0.57%$10M11.4K
29TSMTAIWAN SEMICONDUCTOR MANUFACSPONSORED ADS0.51%$9M26.3K
30CCOCAMECO CORPCOM0.49%$9M78.6K
31SPDR SERIES TRUSTSTATE STREET SPD0.49%$8M89.3K
32EA SERIES TRUSTALPHA ARCH 1-30.48%$8M71.7K
33ALPS ETF TRALERIAN MLP0.48%$8M157.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.7B621May 4, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.7B615Feb 4, 2026RESTATEMENTchanges · EDGAR ↗
Q3 2025$1.4B561Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.2B534Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B504May 5, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.6B593Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.6B624Nov 12, 202413F-HRchanges · EDGAR ↗
Q2 2024$340M152Jul 24, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B556May 9, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B552Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$986M499Nov 1, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.2B535Aug 10, 202313F-HRchanges · EDGAR ↗
Q1 2023$986M479May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.1B512Feb 8, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.0B481Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$1.1B512Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$1.3B522May 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.3B505Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$1.1B493Nov 3, 202113F-HRchanges · EDGAR ↗
Q2 2021$1.1B468Aug 4, 202113F-HRchanges · EDGAR ↗
Q1 2021$1.0B491Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$876M453Jan 22, 202113F-HRchanges · EDGAR ↗
Q3 2020$606M248Oct 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$714M420Jul 21, 202013F-HRchanges · EDGAR ↗
Q1 2020$3.7B360Apr 16, 202013F-HRchanges · EDGAR ↗
Q4 2019$578M410Jan 23, 202013F-HRchanges · EDGAR ↗
Q3 2019$534M394Oct 15, 201913F-HRchanges · EDGAR ↗
Q2 2019$502M380Jul 18, 201913F-HRchanges · EDGAR ↗
Q1 2019$464M356Apr 17, 201913F-HRchanges · EDGAR ↗
Q4 2018$389M326Jan 30, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.