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NWAM LLC — 13F Holdings & Portfolio

CIK 1655006 · latest 13F-HR filed 2026-07-23

Backtest portfolio

NWAM LLC manages $2.00B in 13F-reported U.S. long-equity assets across 684 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are MSFT (4.42%), AAPL (3.97%), NVDA (2.41%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 94 new positions and exited 31; 373 existing positions rose in reported value and 125 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$2.00B

Long-equity book

Holdings
684

Distinct positions

Period
2026-06-30

Filed 2026-07-23

Q/Q Activity
+94 / −31 / ↑373 / ↓125

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
MSFT4.4% · +3%AAPL4.0% · +7%NVDA2.4% · +0%QQQ2.3% · +5%VUG2.2% · +493%VTV2.0% · +2%AVGO1.9% · +3%AMZN1.6% · -5%ITOT1.6% · +1%IWF1.5% · +311%GOOG1.3% · +17%IVV1.1% · -4%TSLA1.0% · -3%BRK.B1.0% · -2%COST1.0% · +1%GOOGL0.9% · +8%LLY0.9% · +8%BSV0.9% · -7%AVUV0.9% · +3%DFAC0.8% · +4%VEA0.8% · -4%SPY0.8% · +12%BND0.8% · +3%AGG0.8% · +25%BIV0.7% · +22%SMH0.7% · -14%VYM0.7% · -2%VTI0.6% · +11%GLD0.6% · -2%TSM0.6% · +1%IWD0.6% · +8%GEV0.6% · -10%BNDX0.6% · -5%VNQ0.6% · -4%PG0.6% · +10%XLK0.6% · +4%IJH0.5% · +15%VOO0.5% · +0%VV0.5% · +1%DFSU0.5% · +1%AVIV0.5% · +2%GDX0.5% · -9%BOXX0.5% · +10%BA0.5% · -20%JPM0.5% · +31%VXUS0.5% · +4%GDXJ0.5% · -6%VO0.4% · +332%VB0.4% · +10%ROK0.4% · +184%VRT0.4% · -15%IEFA0.4% · +6%SCHD0.4% · +4%AMLP0.4% · +0%SLYV0.4% · -17%GLW0.4% · -24%VIG0.4% · -2%AIRR0.4% · +27%SPYM0.4% · +11%VEU0.4% · +4%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 23.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$4.13B
Discretionary
$2.94B
Employees
62
Accounts
9,090
Address
2835 82ND AVENUE SE
STE 100
MERCER ISLAND, WA 98040
Phone
(206) 838-3680
Website
Name Title / Status Ownership Type
HEADRICK, GREGORY, ALLEN ControlMANAGING MEMBER
since Jul 2008
Less than 5%Individual
MUBASHI, NELLY, OLINDA ControlCHIEF EXECUTIVE OFFICER/CHIEF COMPLIANCE OFFICER
since Apr 2025
Less than 5%Individual
NW HOLDINGS GROUP, INC. ControlSOLE MEMBER
since Jun 2022
75% or moreDomestic Entity
PRASAD, MAHUM, RAZA ControlCHIEF OPERATING OFFICER
since Jan 2024
Less than 5%Individual
HEADRICK, GREGORY, ALLEN Control
Indirect owner via NW HOLDINGS GROUP, INC.
GOVERNOR
since Jun 2022
75% or moreIndividual
MUBASHI, NELLY, OLINDA Control
Indirect owner via NW HOLDINGS GROUP, INC.
GOVERNOR
since Jun 2022
General partner, trustee or managerIndividual
Ownership & leadership changes · 6 filings with changes since Nov 11, 2011

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Dec 16, 2025 filing
  • ChangedHEADRICK, GREGORY, ALLEN · title MANAGING MEMBER, CHIEF COMPLIANCE OFFICER → MANAGING MEMBER
  • ChangedMUBASHI, NELLY, OLINDA · title CHIEF EXECUTIVE OFFICER/COMPLIANCE MANAGER → CHIEF EXECUTIVE OFFICER/CHIEF COMPLIANCE OFFICER
Mar 28, 2024 filing
  • AddedPRASAD, MAHUM, RAZA · CHIEF OPERATING OFFICER · Less than 5% · control person
Jul 15, 2022 filing
  • AddedHEADRICK, GREGORY, ALLEN · GOVERNOR · 75% or more · indirect via NW HOLDINGS GROUP, INC. · control person
  • AddedMUBASHI, NELLY, OLINDA · GOVERNOR · General partner, trustee or manager · indirect via NW HOLDINGS GROUP, INC. · control person
  • AddedNW HOLDINGS GROUP, INC. · SOLE MEMBER · 75% or more · control person
  • ChangedHEADRICK, GREGORY, ALLEN · ownership 75% or more → Less than 5%
  • ChangedMUBASHI, NELLY, OLINDA · ownership 10–25% → Less than 5%
Mar 25, 2021 filing
  • ChangedMUBASHI, NELLY, OLINDA · ownership Less than 5% → 10–25%
Mar 30, 2020 filing
  • ChangedMUBASHI, NELLY, OLINDA · title CHIEF OPERATIONS OFFICER → CHIEF EXECUTIVE OFFICER/COMPLIANCE MANAGER
Feb 7, 2013 filing
  • AddedMUBASHI, NELLY, OLINDA · CHIEF OPERATIONS OFFICER · Less than 5% · control person
Nov 11, 2011 filing (earliest on record)
  • ListedHEADRICK, GREGORY, ALLEN · MANAGING MEMBER, CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

NWAM LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 MICROSOFT CORP MSFT 594918104 $88.4M 4.42% 236,996 SH
2 APPLE INC AAPL 037833100 $79.4M 3.97% 274,282 SH
3 NVIDIA CORPORATION NVDA 67066G104 $48.2M 2.41% 240,813 SH
4 INVESCO QQQ TR QQQ 46090E103 $46.1M 2.30% 62,615 SH
5 VANGUARD INDEX FDS VUG 922908736 $44.4M 2.22% 515,743 SH
6 VANGUARD INDEX FDS VTV 922908744 $39.4M 1.97% 180,719 SH
7 BROADCOM INC AVGO 11135F101 $38.1M 1.91% 100,961 SH
8 AMAZON COM INC AMZN 023135106 $32.1M 1.61% 134,748 SH
9 ISHARES TR ITOT 464287150 $31.2M 1.56% 189,972 SH
10 ISHARES TR IWF 464287614 $30.6M 1.53% 246,730 SH
11 ALPHABET INC GOOG 02079K107 $25.1M 1.25% 71,023 SH
12 ISHARES TR IVV 464287200 $22.9M 1.15% 30,634 SH
13 TESLA INC TSLA 88160R101 $20.8M 1.04% 49,512 SH
14 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $20.8M 1.04% 41,609 SH
15 COSTCO WHOLESALE CORPORATION COST 22160K105 $19.8M 0.99% 21,151 SH
16 ALPHABET INC GOOGL 02079K305 $18.9M 0.95% 52,954 SH
17 ELI LILLY & CO LLY 532457108 $18.7M 0.94% 15,632 SH
18 VANGUARD BD INDEX FDS BSV 921937827 $17.4M 0.87% 223,731 SH
19 AMERICAN CENTY ETF TR AVUV 025072877 $17.2M 0.86% 137,469 SH
20 DIMENSIONAL ETF TRUST DFAC 25434V708 $16.3M 0.82% 367,649 SH
21 VANGUARD TAX-MANAGED FDS VEA 921943858 $16.3M 0.82% 228,862 SH
22 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $15.9M 0.79% 21,281 SH
23 VANGUARD BD INDEX FDS BND 921937835 $15.6M 0.78% 212,984 SH
24 ISHARES TR AGG 464287226 $15.4M 0.77% 155,802 SH
25 VANGUARD BD INDEX FDS BIV 921937819 $14.6M 0.73% 190,646 SH
26 VANECK ETF TRUST SMH 92189F676 $14.1M 0.70% 21,500 SH
27 VANGUARD WHITEHALL FDS VYM 921946406 $13.5M 0.68% 85,738 SH
28 VANGUARD INDEX FDS VTI 922908769 $13.0M 0.65% 35,025 SH
29 SPDR GOLD TR GLD 78463V107 $12.7M 0.64% 34,546 SH
30 TAIWAN SEMICONDUCTOR MANUFAC TSM 874039100 $12.7M 0.64% 26,622 SH
31 ISHARES TR IWD 464287598 $12.6M 0.63% 51,908 SH
32 GE VERNOVA INC GEV 36828A101 $12.1M 0.60% 10,283 SH
33 VANGUARD CHARLOTTE FDS BNDX 92203J407 $12.0M 0.60% 247,762 SH
34 VANGUARD INDEX FDS VNQ 922908553 $11.9M 0.60% 123,491 SH
35 PROCTER & GAMBLE CO PG 742718109 $11.4M 0.57% 77,827 SH
36 SELECT SECTOR SPDR TR XLK 81369Y803 $11.0M 0.55% 57,859 SH
37 ISHARES TR IJH 464287507 $10.7M 0.53% 138,603 SH
38 VANGUARD INDEX FDS VOO 922908363 $10.6M 0.53% 15,471 SH
39 VANGUARD INDEX FDS VV 922908637 $10.1M 0.50% 29,272 SH
40 DIMENSIONAL ETF TRUST DFSU 25434V716 $9.8M 0.49% 210,940 SH
41 AMERICAN CENTY ETF TR AVIV 025072364 $9.7M 0.49% 125,722 SH
42 VANECK ETF TRUST GDX 92189F106 $9.6M 0.48% 127,229 SH
43 EA SERIES TRUST BOXX 02072L565 $9.3M 0.46% 79,155 SH
44 BOEING CO BA 097023105 $9.2M 0.46% 42,564 SH
45 JPMORGAN CHASE & CO JPM 46625H100 $9.1M 0.46% 27,880 SH
46 VANGUARD STAR FDS VXUS 921909768 $9.0M 0.45% 105,782 SH
47 VANECK ETF TRUST GDXJ 92189F791 $9.0M 0.45% 91,586 SH
48 VANGUARD INDEX FDS VO 922908629 $8.8M 0.44% 109,166 SH
49 VANGUARD INDEX FDS VB 922908751 $8.7M 0.44% 28,847 SH
50 ROCKWELL AUTOMATION INC ROK 773903109 $8.7M 0.43% 17,510 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-23 $2.00B 684 0001655006-26-000005
2026-03-31 2026-05-04 $1.74B 621 0001655006-26-000004
2025-06-30 2026-02-04 $1.72B 615 0001655006-26-000003
Filer Information
Address
2835 82ND AVE SE
SUITE 100
MERCER ISLAND, WA 98040
Phone
(206) 838-3680
Filing Manager
NWAM LLC
MERCER ISLAND, WA
Signatory
Greg Headrick
Managing Member