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NWM ADVISORS, LLC — 13F Holdings & Portfolio

CIK 2098824 · latest 13F-HR filed 2026-08-28

Backtest portfolio

NWM ADVISORS, LLC manages $127.0M in 13F-reported U.S. long-equity assets across 23 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (29.20%), IVOO (12.48%), BRK.B (8.31%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position and exited 1; 18 existing positions rose in reported value and 3 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
$127.0M

Long-equity book

Holdings
23

Distinct positions

Period
2026-06-30

Filed 2026-08-28

Q/Q Activity
+1 / −1 / ↑18 / ↓3

vs 2026-03-31

Portfolio charts

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

Portfolio map

Q2 26
VOO29.2% · -1%IVOO12.5% · +9%BRK.B8.3% · +4%VO6.2% · +368%SCHA5.9% · +6%QTEC5.1% · -1%AAPL4.2% · -3%JPM3.9% · +2%V3.7% · +6%NVDA3.6% · -8%MSFT3.1% · +7%VGT2.9% · +714%ALAI2.8% · +7%SPY2.1% · -2%VCRM1.8% · +0%UPS1.3% · 0%INVN1.3% · -55%FDL0.7% · +13%CAT0.3% · 0%COST0.2% · -16%CRWD0.2% · newXLE0.2% · 0%NOBL0.2% · +100%

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 = 82.6%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 13, 2026.

Assets Under Management
$329.1M
Discretionary
$317.2M
Employees
2
Accounts
501
Address
735 TANK FARM ROAD
SUITE 250
SAN LUIS OBISPO, CA 93401
Phone
(805) 781-2773
Website
Name Title / Status Ownership Type
NICHOLS, KEVIN, MARK ControlPRESIDENT & CHIEF COMPLIANCE OFFICER
since May 2019
75% or moreIndividual
Ownership & leadership changes · 5 filings with changes since May 17, 2016

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.

Feb 18, 2020 filing
  • No longer listedNICHOLS WEALTH MANAGEMENT, INC. · OWNER/MANAGING MEMBER · 75% or more · control person · listed since Nov 2017
  • No longer listedNICHOLS, KEVIN, MARK · PRESIDENT, CHIEF COMPLIANCE OFFICER · 50–75% · indirect via NICHOLS WEALTH MANAGEMENT, INC. · control person · listed since Jun 2008
  • ChangedNICHOLS, KEVIN, MARK · title CHIEF COMPLIANCE OFFICER → PRESIDENT & CHIEF COMPLIANCE OFFICER; ownership Less than 5% → 75% or more
Jul 12, 2019 filing
  • No longer listedWRIGHT, ANDREW, JAMES · PARTNER · 25–50% · control person · listed since Jun 2016
  • ChangedNICHOLS WEALTH MANAGEMENT, INC. · ownership 50–75% → 75% or more
May 30, 2019 filing
  • Listed againNICHOLS, KEVIN, MARK · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
  • ChangedNICHOLS, KEVIN, MARK · indirect via NICHOLS WEALTH MANAGEMENT, INC.: title PRESIDENT → PRESIDENT, CHIEF COMPLIANCE OFFICER
  • ChangedWRIGHT, ANDREW, JAMES · title CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER → PARTNER
Jan 26, 2018 filing
  • ChangedNICHOLS WEALTH MANAGEMENT, INC. · ownership 75% or more → 50–75%
  • ChangedNICHOLS, KEVIN, MARK · indirect via NICHOLS WEALTH MANAGEMENT, INC.: ownership 75% or more → 50–75%
Nov 15, 2017 filing
  • No longer listedNICHOLS, KEVIN, MARK · PRESIDENT AND CHIEF INVESTMENT OFFICER · 75% or more · control person · listed since Jun 2016
  • AddedNICHOLS WEALTH MANAGEMENT, INC. · OWNER/MANAGING MEMBER · 75% or more · control person
  • AddedNICHOLS, KEVIN, MARK · PRESIDENT · 75% or more · indirect via NICHOLS WEALTH MANAGEMENT, INC. · control person
  • ChangedWRIGHT, ANDREW, JAMES · title CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER
May 17, 2016 filing (earliest on record)
  • ListedNICHOLS, KEVIN, MARK · PRESIDENT AND CHIEF INVESTMENT OFFICER · 75% or more · control person
  • ListedWRIGHT, ANDREW, JAMES · CHIEF OPERATING OFFICER AND CHIEF COMPLIANCE OFFICER · 25–50% · 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.

Top Adds (vs prior quarter)

Show all 18 →

Top Trims

Show all 3 →

New Positions

Show all 1 →

Exited Positions

Show all 1 →

NWM ADVISORS, 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 VANGUARD INDEX FDS VOO 922908363 $37.1M 29.20% 53,991 SH
2 VANGUARD ADMIRAL FDS INC IVOO 921932885 $15.8M 12.48% 121,546 SH
3 BERKSHIRE HATHAWAY INC DEL BRK.B 084670702 $10.6M 8.31% 21,092 SH
4 VANGUARD INDEX FDS VO 922908629 $7.8M 6.16% 97,027 SH
5 SCHWAB STRATEGIC TR SCHA 808524607 $7.5M 5.91% 207,566 SH
6 FIRST TR EXCHANGE-TRADED FD QTEC 337345102 $6.5M 5.14% 19,513 SH
7 APPLE INC AAPL 037833100 $5.3M 4.16% 18,247 SH
8 JPMORGAN CHASE & CO JPM 46625H100 $5.0M 3.93% 15,260 SH
9 VISA INC V 92826C839 $4.7M 3.73% 13,821 SH
10 NVIDIA CORPORATION NVDA 67066G104 $4.5M 3.56% 22,606 SH
11 MICROSOFT CORP MSFT 594918104 $3.9M 3.11% 10,588 SH
12 VANGUARD WORLD FD VGT 92204A702 $3.7M 2.93% 31,150 SH
13 THE ALGER ETF TRUST ALAI 015564503 $3.6M 2.85% 79,266 SH
14 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $2.7M 2.10% 3,578 SH
15 VANGUARD MUN BD FDS VCRM 922907712 $2.3M 1.84% 30,615 SH
16 UNITED PARCEL SVCS INC UPS 911312106 $1.7M 1.33% 15,718 SH
17 THE ALGER ETF TRUST INVN 015564602 $1.7M 1.31% 77,907 SH
18 FIRST TR EXCHANGE-TRADED FD FDL 336917109 $893.4K 0.70% 18,361 SH
19 CATERPILLAR INC CAT 149123101 $427.0K 0.34% 401 SH
20 COSTCO WHOLESALE CORPORATION COST 22160K105 $306.8K 0.24% 328 SH
21 CROWDSTRIKE HLDGS INC CRWD 22788C105 $302.2K 0.24% 396 SH
22 SELECT SECTOR SPDR TR XLE 81369Y506 $268.7K 0.21% 5,060 SH
23 PROSHARES TR NOBL 74348A467 $244.0K 0.19% 4,344 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-07 $127.0M 23 0002098824-26-000003
2026-06-30 2026-08-28 $127.0M 23 0002098824-26-000005
2026-03-31 2026-05-13 $109.8M 23 0002098824-26-000002
2025-12-31 2026-02-04 $114.9M 25 0002098824-26-000001
Filer Information
Address
735 TANK FARM ROAD
SUITE 250
SAN LUIS OBISPO, CA 93401
Phone
(805) 781-2773
Filing Manager
NWM ADVISORS, LLC
SAN LUIS OBISPO, CA
Signatory
Kevin Nichols
Chief Compliance Officer