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DWM Financial Group, Inc. — 13F Holdings & Portfolio

CIK 1759545 · latest 13F-HR filed 2026-08-14

Backtest portfolio

DWM Financial Group, Inc. manages $112.2M in 13F-reported U.S. long-equity assets across 40 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are DMAR (26.08%), IAU (13.01%), JHMM (11.95%). Quarter over quarter (versus its 2020-12-31 filing) the fund opened 34 new positions and exited 11; 5 existing positions rose in reported value and 1 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.

Loading holdings…
AUM
$112.2M

Long-equity book

Holdings
40

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+34 / −11 / ↑5 / ↓1

vs 2020-12-31

Portfolio charts

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

Portfolio map

Q2 26
DMAR26.1% · newIAU13.0% · -32%JHMM11.9% · +16%AVUV7.6% · newVGIT6.4% · newBSCY5.9% · newPWRD5.5% · newQQQ3.1% · -61%BSCX2.9% · newBSCW2.0% · newFBNC1.8% · +227%GDLC1.8% · newIBIT1.3% · newAAPL1.0% · +127%PATK0.9% · newVTI0.8% · +29%ETHA0.7% · newNVDA0.7% · newVTV0.7% · newSLV0.4% · newBSMY0.4% · newVGT0.4% · newJUST0.4% · newCBTJ0.4% · newXLF0.4% · newMSFT0.4% · newESGD0.3% · newGLD0.3% · newPG0.3% · newDSEP0.3% · newAMZN0.2% · +1521%EAGG0.2% · newVHT0.2% · newCSX0.2% · newETN0.2% · newKGC0.2% · newCDE0.2% · newBSSX0.2% · newVOO0.2% · newKOPN0.1% · new

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

Q4 20 → 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

2 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 = 84.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 30, 2026.

Assets Under Management
$645.0M
Discretionary
$10.7M
Employees
36
Accounts
5
Address
100 FIRST STAMFORD PLACE
4TH FLOOR
STAMFORD, CT 06902
Phone
(203) 655-5453
Website
Name Title / Status Ownership Type
DWM HOLDINGS, LLC ControlMEMBER
since Dec 2007
75% or moreDomestic Entity
JOHNSON, PETER, HALLOCK ControlCO-MANAGING PARTNER
since Oct 2006
Less than 5%Individual
MARSHALL, EDWARD, ADGER ControlCO-MANAGING PARTNER, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
since Sep 2010
Less than 5%Individual
TOLLIVER, ODETA, DANA ControlCHIEF FINANCIAL OFFICER
since Jan 2016
Less than 5%Individual
Constantino, Robert, Peter Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Jan 2023
General partner, trustee or managerIndividual
DWM HOLDINGS, LLC Control
Indirect owner via DEVELOPING WORLD FINANCE, LLC; DWM ASSET MANAGEMENT, LLC
PARENT
since Dec 2004
75% or moreDomestic Entity
JOHNSON, PETER, HALLOCK Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Dec 2007
50–75%Individual
MARSHALL, EDWARD, ADGER Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Sep 2010
General partner, trustee or managerIndividual
MEHAN, CHRISTOPHER, FRANCIS Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Jan 2023
General partner, trustee or managerIndividual
SWANSON, J, BRADLEY Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Dec 2007
General partner, trustee or managerIndividual
TOLLIVER, ODETA, DANA Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Jan 2016
General partner, trustee or managerIndividual
WALKER, WILLIAM, COURTLAND CHURCHFIEL Control
Indirect owner via DWM HOLDINGS, LLC
MEMBER
since Apr 2018
General partner, trustee or managerIndividual
Ownership & leadership changes · 9 filings with changes since Mar 29, 2012

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.

Mar 31, 2025 filing
  • No longer listedREMTULA, ALEEM · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person · listed since Apr 2018
  • ChangedConstantino, Robert, Peter · indirect via DWM HOLDINGS, LLC: title PARTNER → MEMBER
  • ChangedDWM HOLDINGS, LLC · title MEMBER, PARENT (RELYING ADVISER) → MEMBER
  • ChangedJOHNSON, PETER, HALLOCK · title PARTNER, MANAGER (RELYING ADVISER) → CO-MANAGING PARTNER
  • ChangedJOHNSON, PETER, HALLOCK · indirect via DWM HOLDINGS, LLC: ownership 25–50% → 50–75%
  • ChangedMARSHALL, EDWARD, ADGER · title CHIEF COMPLIANCE OFFICER, MANAGER (RELYING ADVISER) → CO-MANAGING PARTNER, CHIEF COMPLIANCE OFFICER, GENERAL COUNSEL
  • ChangedMARSHALL, EDWARD, ADGER · indirect via DWM HOLDINGS, LLC: title PARTNER → MEMBER
  • ChangedMEHAN, CHRISTOPHER, FRANCIS · indirect via DWM HOLDINGS, LLC: title PARTNER → MEMBER
  • ChangedTOLLIVER, ODETA, DANA · indirect via DWM HOLDINGS, LLC: title PARTNER → MEMBER
  • ChangedWALKER, WILLIAM, COURTLAND CHURCHFIEL · indirect via DWM HOLDINGS, LLC: title PARTNER → MEMBER
Mar 30, 2023 filing
  • AddedConstantino, Robert, Peter · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
  • AddedMEHAN, CHRISTOPHER, FRANCIS · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
Mar 24, 2021 filing
  • No longer listedSWANSON, J, BRADLEY · PARTNER · Less than 5% · control person · listed since Oct 2006
  • AddedMARSHALL, EDWARD, ADGER · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
  • AddedREMTULA, ALEEM · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
  • AddedTOLLIVER, ODETA, DANA · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
  • AddedWALKER, WILLIAM, COURTLAND CHURCHFIEL · PARTNER · General partner, trustee or manager · indirect via DWM HOLDINGS, LLC · control person
  • ChangedJOHNSON, PETER, HALLOCK · indirect via DWM HOLDINGS, LLC: ownership 50–75% → 25–50%
  • ChangedSWANSON, J, BRADLEY · indirect via DWM HOLDINGS, LLC: ownership 25–50% → General partner, trustee or manager
Mar 31, 2019 filing
  • AddedTOLLIVER, ODETA, DANA · CHIEF FINANCIAL OFFICER · Less than 5% · control person
Mar 29, 2016 filing
  • ChangedMARSHALL, EDWARD, ADGER · title CHIEF COMPLIANCE OFFICER → CHIEF COMPLIANCE OFFICER, MANAGER (RELYING ADVISER)
Jul 6, 2015 filing
  • AddedSWANSON, J, BRADLEY · MEMBER · 25–50% · indirect via DWM HOLDINGS, LLC · control person
Mar 20, 2015 filing
  • No longer listedDEVELOPING WORLD FINANCE, LLC · PARENT (RELYING ADVISER) · 75% or more · control person · listed since Apr 2008
  • No longer listedKIRST-KOLKMAN, JUDY, LYNN · PARTNER, MANAGER (RELYING ADVISER) · Less than 5% · control person · listed since Oct 2006
  • No longer listedKIRST-KOLKMAN, JUDY, LYNN · MEMBER · 25–50% · indirect via DWM HOLDINGS, LLC · control person · listed since Dec 2007
  • ChangedJOHNSON, PETER, HALLOCK · indirect via DWM HOLDINGS, LLC: ownership 25–50% → 50–75%
Jun 9, 2014 filing
  • No longer listedKADDARAS, JAMES, CHRIS · PARTNER · Less than 5% · control person · listed since Jan 2008
Mar 26, 2014 filing
  • ChangedDWM HOLDINGS, LLC · title MEMBER → MEMBER, PARENT (RELYING ADVISER)
Mar 29, 2012 filing (earliest on record)
  • ListedDEVELOPING WORLD FINANCE, LLC · PARENT (RELYING ADVISER) · 75% or more · control person
  • ListedDWM HOLDINGS, LLC · PARENT · 75% or more · indirect via DEVELOPING WORLD FINANCE, LLC; DWM ASSET MANAGEMENT, LLC · control person
  • ListedDWM HOLDINGS, LLC · MEMBER · 75% or more · control person
  • ListedJOHNSON, PETER, HALLOCK · PARTNER, MANAGER (RELYING ADVISER) · Less than 5% · control person
  • ListedJOHNSON, PETER, HALLOCK · MEMBER · 25–50% · indirect via DWM HOLDINGS, LLC · control person
  • ListedKADDARAS, JAMES, CHRIS · PARTNER · Less than 5% · control person
  • ListedKIRST-KOLKMAN, JUDY, LYNN · PARTNER, MANAGER (RELYING ADVISER) · Less than 5% · control person
  • ListedKIRST-KOLKMAN, JUDY, LYNN · MEMBER · 25–50% · indirect via DWM HOLDINGS, LLC · control person
  • ListedMARSHALL, EDWARD, ADGER · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ListedSWANSON, J, BRADLEY · PARTNER · Less than 5% · 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.

DWM Financial Group, Inc. 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 FIRST TR EXCHNG TRADED FD VI DMAR 33740F615 $29.3M 26.08% 702,329 SH
2 ISHARES GOLD TR IAU 464285204 $14.6M 13.01% 179,766 SH
3 JOHN HANCOCK EXCHANGE TRADED JHMM 47804J206 $13.4M 11.95% 204,728 SH
4 AMERICAN CENTY ETF TR AVUV 025072877 $8.6M 7.64% 84,081 SH
5 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $7.2M 6.42% 120,240 SH
6 INVESCO EXCH TRD SLF IDX FD BSCY 46139W783 $6.6M 5.89% 314,148 SH
7 TCW ETF TRUST PWRD 29287L205 $6.2M 5.54% 64,622 SH
8 INVESCO QQQ TR QQQ 46090E103 $3.5M 3.12% 5,694 SH
9 INVESCO EXCH TRD SLF IDX FD BSCX 46139W825 $3.3M 2.91% 152,130 SH
10 INVESCO EXCH TRD SLF IDX FD BSCW 46139W858 $2.3M 2.03% 108,906 SH
11 FIRST BANCORP N C FBNC 318910106 $2.0M 1.79% 39,634 SH
12 GRAYSCALE COINDESK CRYPTO GDLC G40705108 $2.0M 1.78% 48,359 SH
13 ISHARES BITCOIN TRUST ETF IBIT 46438F101 $1.5M 1.35% 30,443 SH
14 APPLE INC AAPL 037833100 $1.1M 0.99% 4,089 SH
15 PATRICK INDS INC PATK 703343103 $975.9K 0.87% 9,000 SH
16 VANGUARD INDEX FDS VTI 922908769 $944.5K 0.84% 2,817 SH
17 ISHARES ETHEREUM TR ETHA 46438R105 $827.0K 0.74% 36,872 SH
18 NVIDIA CORPORATION NVDA 67066G104 $768.5K 0.68% 4,121 SH
19 VANGUARD INDEX FDS VTV 922908744 $746.6K 0.67% 3,909 SH
20 ISHARES SILVER TR SLV 46428Q109 $490.5K 0.44% 7,614 SH
21 INVESCO EXCH TRD SLF IDX FD BSMY 46139W767 $425.1K 0.38% 17,294 SH
22 VANGUARD WORLD FD VGT 92204A702 $424.0K 0.38% 563 SH
23 GOLDMAN SACHS ETF TR JUST 381430396 $423.8K 0.38% 4,383 SH
24 CALAMOS ETF TR CBTJ 12811T720 $422.5K 0.38% 19,311 SH
25 SELECT SECTOR SPDR TR XLF 81369Y605 $409.6K 0.37% 7,479 SH
26 MICROSOFT CORP MSFT 594918104 $408.3K 0.36% 844 SH
27 ISHARES TR ESGD 46435G516 $368.4K 0.33% 3,874 SH
28 SPDR GOLD TR GLD 78463V107 $301.2K 0.27% 760 SH
29 PROCTER & GAMBLE CO PG 742718109 $292.6K 0.26% 2,042 SH
30 FIRST TR EXCHNG TRADED FD VI DSEP 33740F680 $281.5K 0.25% 6,268 SH
31 AMAZON COM INC AMZN 023135106 $265.7K 0.24% 1,151 SH
32 ISHARES TR EAGG 46435U549 $262.4K 0.23% 5,484 SH
33 VANGUARD WORLD FD VHT 92204A504 $243.5K 0.22% 846 SH
34 CSX CORP CSX 126408103 $222.8K 0.20% 6,146 SH
35 EATON CORP PLC ETN G29183103 $222.0K 0.20% 697 SH
36 KINROSS GOLD CORP KGC 496902404 $217.1K 0.19% 7,709 SH
37 COEUR MNG INC CDE 192108504 $214.8K 0.19% 12,049 SH
38 INVESCO EXCH TRD SLF IDX FD BSSX 46139W791 $213.8K 0.19% 8,268 SH
39 VANGUARD INDEX FDS VOO 922908363 $210.5K 0.19% 336 SH
40 KOPIN CORP KOPN 500600101 $93.6K 0.08% 40,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $112.2M 40 0001104659-26-096735
2020-12-31 2021-02-12 $73.4M 17 0001104659-21-021846
Filer Information
Address
110 N. BROCKWAY SUITE 300
PALATINE, IL 60067
Phone
(847) 934-6262
Filing Manager
DWM Financial Group, Inc.
PALATINE, IL
Signatory
Brett Detterbeck
CCO