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1900 WEALTH MANAGEMENT LLC — 13F Holdings & Portfolio

CIK 1791996 · latest 13F-HR filed 2026-10-13

Backtest portfolio

1900 WEALTH MANAGEMENT LLC manages $1.84B in 13F-reported U.S. long-equity assets across 395 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are SPYM (30.26%), PAAA (6.40%), UBND (5.36%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 92 new positions and exited 9; 115 existing positions rose in reported value and 80 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
$1.84B

Long-equity book

Holdings
395

Distinct positions

Period
2026-09-30

Filed 2026-10-13

Q/Q Activity
+92 / −9 / ↑115 / ↓80

vs 2026-06-30

Portfolio charts

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

Portfolio map

Q3 26
SPYM30.3% · +3%PAAA6.4% · -21%UBND5.4% · +17%DFUS3.5% · -0%JMUB3.0% · -13%IVV2.8% · -1%SPMD2.8% · +7%QUAL2.2% · -3%MTUM2.2% · -4%VEA1.8% · +1%GSLC1.5% · -7%DFUV1.5% · -1%VONE1.4% · +0%VTEB1.4% · +529%BRK.B0.9% · +3%ITOT0.9% · -1%IDCC0.8% · -0%AAPL0.8% · +8%INFQ0.8% · 0%FNDF0.7% · -0%IWB0.7% · +0%GSIE0.7% · -1%VTWO0.6% · +20%GSSC0.6% · -1%VTI0.6% · +1%MSFT0.5% · +15%VO0.5% · +0%VV0.5% · -1%SPSM0.5% · +8%IQLT0.5% · -1%IWF0.5% · +0%VOO0.5% · +10%SPYV0.5% · -0%AMZN0.5% · +14%SPY0.4% · 0%NVDA0.4% · +38%SPGP0.4% · -11%XOM0.4% · +0%DFAS0.4% · -30%VWO0.4% · +0%DFAI0.4% · -1%DFIV0.4% · +0%GOOG0.3% · +8%IUSG0.3% · -0%DLN0.3% · 0%BRK.A0.3% · 0%EFG0.3% · -1%TPL0.3% · -0%JPME0.3% · 0%USMV0.3% · -1%POWA0.3% · -16%CAT0.3% · +7%CSW0.3% · 0%GOOGL0.3% · +11%IWD0.3% · +3%VUG0.3% · +0%DFAT0.2% · -21%PZA0.2% · +6%MGC0.2% · 0%IMTM0.2% · 0%

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

Q2 26 → Q3 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

4 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 = 60.4%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Aug 20, 2026.

Assets Under Management
$3.07B
Discretionary
$3.07B
Employees
22
Accounts
1,067
Address
1900 BROADWAY
SUITE 900
SAN ANTONIO, TX 78215
Phone
(210) 736-7770
Website
Name Title / Status Ownership Type
Brockwell, Todd, Lee ControlPRESIDENT
since Sep 2016
Less than 5%Individual
Dullnig, Richard, Rolle ControlCHIEF COMPLIANCE OFFICER
since Sep 2021
Less than 5%Individual
Grubb, Teri, Michaelle ControlDIRECTOR OF OPERATIONS & CLIENT EXPERIENCE
since May 2025
Less than 5%Individual
JEFFERSON BANK ControlOWNER
since Jul 2015
75% or moreDomestic Entity
LEWIS, ANDREW, JACKSON ControlDIRECTOR
since Jul 2015
Less than 5%Individual
MCSWEEN, PAUL, EVERETTE ControlDIRECTOR
since Jul 2015
Less than 5%Individual
JEFFERSON BANCSHARES, INC. Control
Indirect owner via JEFFERSON BANK
OWNER
since Aug 2015
75% or moreDomestic Entity
Ownership & leadership changes · 5 filings with changes since Jul 23, 2015

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.

Nov 21, 2025 filing
  • AddedGrubb, Teri, Michaelle · DIRECTOR OF OPERATIONS & CLIENT EXPERIENCE · Less than 5% · control person
Feb 9, 2022 filing
  • AddedDullnig, Richard, Rolle · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedBrockwell, Todd, Lee · title PRESIDENT AND CHIEF COMPLIANCE OFFICER → PRESIDENT
Apr 30, 2021 filing
  • AddedJEFFERSON BANCSHARES, INC. · OWNER · 75% or more · indirect via JEFFERSON BANK · control person
Oct 17, 2016 filing
  • No longer listedMCCLAIN, MICHAEL, RICHARD · CHIEF COMPLIANCE OFFICER AND MANAGING MEMBER · Less than 5% · control person · listed since Jul 2015
  • AddedBrockwell, Todd, Lee · PRESIDENT AND CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Jan 4, 2016 filing
  • ChangedMCCLAIN, MICHAEL, RICHARD · title CHIEF COMPLIANCE OFFICER AND MEMBER → CHIEF COMPLIANCE OFFICER AND MANAGING MEMBER
Jul 23, 2015 filing (earliest on record)
  • ListedJEFFERSON BANK · OWNER · 75% or more · control person
  • ListedLEWIS, ANDREW, JACKSON · DIRECTOR · Less than 5% · control person
  • ListedMCCLAIN, MICHAEL, RICHARD · CHIEF COMPLIANCE OFFICER AND MEMBER · Less than 5% · control person
  • ListedMCSWEEN, PAUL, EVERETTE · DIRECTOR · 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.

1900 WEALTH MANAGEMENT LLC Holdings (2026-09-30)

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 SPDR SERIES TRUST SPYM 78464A854 $558.1M 30.26% 6,218,187 SH
2 PGIM ETF TR PAAA 69344A834 $118.1M 6.40% 2,303,048 SH
3 VICTORY PORTFOLIOS II UBND 92647X863 $98.8M 5.36% 4,783,130 SH
4 DIMENSIONAL ETF TRUST DFUS 25434V401 $64.2M 3.48% 773,389 SH
5 J P MORGAN EXCHANGE TRADED F JMUB 46641Q647 $55.9M 3.03% 1,173,995 SH
6 ISHARES TR IVV 464287200 $52.4M 2.84% 68,365 SH
7 SPDR SERIES TRUST SPMD 78464A847 $52.3M 2.83% 829,178 SH
8 ISHARES TR QUAL 46432F339 $40.9M 2.22% 184,135 SH
9 ISHARES TR MTUM 46432F396 $40.5M 2.19% 127,545 SH
10 VANGUARD TAX-MANAGED FDS VEA 921943858 $33.1M 1.79% 468,346 SH
11 GOLDMAN SACHS ETF TR GSLC 381430503 $27.6M 1.50% 190,606 SH
12 DIMENSIONAL ETF TRUST DFUV 25434V724 $27.2M 1.47% 494,085 SH
13 VANGUARD SCOTTSDALE FDS VONE 92206C730 $25.6M 1.39% 74,487 SH
14 VANGUARD MUN BD FDS VTEB 922907746 $25.4M 1.37% 535,280 SH
15 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $15.9M 0.86% 31,937 SH
16 ISHARES TR ITOT 464287150 $15.7M 0.85% 94,451 SH
17 INTERDIGITAL INC IDCC 45867G101 $15.2M 0.82% 46,597 SH
18 APPLE INC AAPL 037833100 $14.8M 0.80% 44,362 SH
19 INFLEQTION INC INFQ 45676K103 $14.5M 0.79% 1,075,190 SH
20 SCHWAB STRATEGIC TR FNDF 808524755 $13.1M 0.71% 244,141 SH
21 ISHARES TR IWB 464287622 $12.8M 0.69% 30,768 SH
22 GOLDMAN SACHS ETF TR GSIE 381430107 $12.0M 0.65% 261,558 SH
23 VANGUARD SCOTTSDALE FDS VTWO 92206C664 $11.4M 0.62% 101,458 SH
24 GOLDMAN SACHS ETF TR GSSC 381430602 $11.1M 0.60% 129,100 SH
25 VANGUARD INDEX FDS VTI 922908769 $10.2M 0.55% 27,249 SH
26 MICROSOFT CORP MSFT 594918104 $9.9M 0.54% 19,258 SH
27 VANGUARD INDEX FDS VO 922908629 $9.9M 0.53% 125,730 SH
28 VANGUARD INDEX FDS VV 922908637 $9.6M 0.52% 27,329 SH
29 SPDR SERIES TRUST SPSM 78468R853 $9.5M 0.51% 179,586 SH
30 ISHARES TR IQLT 46434V456 $9.3M 0.50% 187,132 SH
31 ISHARES TR IWF 464287614 $9.0M 0.49% 71,556 SH
32 VANGUARD INDEX FDS VOO 922908363 $8.8M 0.48% 12,576 SH
33 SPDR SERIES TRUST SPYV 78464A508 $8.6M 0.47% 140,519 SH
34 AMAZON COM INC AMZN 023135106 $8.3M 0.45% 33,463 SH
35 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $8.2M 0.44% 10,750 SH
36 NVIDIA CORPORATION NVDA 67066G104 $7.8M 0.42% 34,285 SH
37 INVESCO EXCHANGE TRADED FD T SPGP 46137V431 $7.4M 0.40% 62,070 SH
38 EXXONMOBIL HOLDINGS CORP XOM 30233Q108 $7.1M 0.39% 43,840 SH
39 DIMENSIONAL ETF TRUST DFAS 25434V500 $7.0M 0.38% 91,016 SH
40 VANGUARD INTL EQUITY INDEX F VWO 922042858 $7.0M 0.38% 117,992 SH
41 DIMENSIONAL ETF TRUST DFAI 25434V203 $6.9M 0.37% 166,296 SH
42 DIMENSIONAL ETF TRUST DFIV 25434V807 $6.9M 0.37% 122,933 SH
43 ALPHABET INC GOOG 02079K107 $6.4M 0.35% 18,718 SH
44 ISHARES TR IUSG 464287671 $6.1M 0.33% 31,405 SH
45 WISDOMTREE TR DLN 97717W307 $6.1M 0.33% 62,554 SH
46 BERKSHIRE HATHAWAY INC DEL BRK.A 084670108 $6.0M 0.32% 8 SH
47 ISHARES TR EFG 464288885 $5.9M 0.32% 48,914 SH
48 TEXAS PACIFIC LAND CORPORATI TPL 88262P102 $5.7M 0.31% 17,445 SH
49 J P MORGAN EXCHANGE TRADED F JPME 46641Q886 $5.5M 0.30% 46,318 SH
50 ISHARES TR USMV 46429B697 $5.5M 0.30% 56,332 SH
Filing History
Period Filed AUM Holdings Accession
2026-09-30 2026-10-13 $1.84B 395 0001791996-26-000006
2026-06-30 2026-08-04 $1.80B 312 0001791996-26-000005
2026-03-31 2026-04-17 $1.56B 253 0001791996-26-000004
2025-12-31 2026-01-20 $1.56B 241 0001791996-26-000001
Filer Information
Address
1900 BROADWAY
SUITE 900
SAN ANTONIO, TX 78215
Phone
(210) 736-7770
Filing Manager
1900 WEALTH MANAGEMENT LLC
SAN ANTONIO, TX
Signatory
Richard Dullnig
CCO