# Gunpowder Capital Management, LLC dba Oliver Wealth Management

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2114795. Source: https://holderbook.com/funds/2114795-gunpowder-capital-management-llc-dba-oliver-wealth-managemen/

- Reported value: $142.4M
- Positions: 408
- Weight of the ten largest: 60.3%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $16.2M | 365,285 | 11.4% | 3 |
| DIMENSIONAL ETF TRUST | [DCOR](https://holderbook.com/stocks/DCOR/) | $14.7M | 178,804 | 10.3% | 3 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $11.4M | 30,925 | 8.0% | 3 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $11.2M | 38,575 | 7.8% | 3 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $7.1M | 191,110 | 5.0% | 3 |
| CAPITAL GROUP DIVIDEND VALUE | [CGDV](https://holderbook.com/stocks/CGDV/) | $6.2M | 126,372 | 4.4% | 3 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $5.2M | 7,062 | 3.7% | 3 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $5.0M | 6,666 | 3.5% | 3 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $4.8M | 63,309 | 3.4% | 3 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $4.1M | 100,774 | 2.9% | 3 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $3.6M | 6,468 | 2.6% | 3 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $3.4M | 72,690 | 2.4% | 3 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $2.7M | 23,838 | 1.9% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.5M | 21,324 | 1.7% | 3 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.9M | 21,756 | 1.3% | 3 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.9M | 9,347 | 1.3% | 3 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $1.7M | 4,612 | 1.2% | 3 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $1.6M | 30,969 | 1.2% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4M | 2,889 | 1.0% | 3 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.3M | 15,515 | 0.9% | 3 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $1.1M | 21,281 | 0.8% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPT](https://holderbook.com/stocks/RSPT/) | $1.1M | 17,473 | 0.8% | 3 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $1.0M | 7,651 | 0.7% | 3 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $1.0M | 24,620 | 0.7% | 3 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $959.9K | 2,686 | 0.7% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $945.6K | 2,535 | 0.7% | 3 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $931.9K | 1,325 | 0.7% | 3 |
| ISHARES ETHEREUM TR | [ETHA](https://holderbook.com/stocks/ETHA/) | $833.9K | 70,134 | 0.6% | 3 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $811.3K | 7,547 | 0.6% | 3 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $737.0K | 14,625 | 0.5% | 3 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $682.9K | 730 | 0.5% | 3 |
| PROFESIONALLY MANAGED PORTFO | [AKRE](https://holderbook.com/stocks/AKRE/) | $657.5K | 12,361 | 0.5% | 3 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $655.1K | 15,520 | 0.5% | 3 |
| FIRST TR EXCHANGE TRADED FD | [FXL](https://holderbook.com/stocks/FXL/) | $651.7K | 3,000 | 0.5% | 3 |
| DIMENSIONAL ETF TRUST | [DFAE](https://holderbook.com/stocks/DFAE/) | $624.5K | 15,531 | 0.4% | 3 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $593.7K | 6,186 | 0.4% | 3 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $576.4K | 1,680 | 0.4% | 3 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $562.7K | 4,782 | 0.4% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $562.0K | 2,358 | 0.4% | 3 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $557.8K | 21,858 | 0.4% | 3 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $494.5K | 8,574 | 0.3% | 3 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $461.7K | 400 | 0.3% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $436.3K | 1,452 | 0.3% | 3 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $418.3K | 1,684 | 0.3% | 3 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $389.5K | 12,330 | 0.3% | 3 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $387.5K | 1,097 | 0.3% | 3 |
| TEMPUS AI INC | [TEM](https://holderbook.com/stocks/TEM/) | $318.6K | 5,500 | 0.2% | 3 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $312.1K | 3,342 | 0.2% | 3 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $311.6K | 1,317 | 0.2% | 3 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $299.0K | 800 | 0.2% | 3 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $289.8K | 689 | 0.2% | 3 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $266.6K | 5,158 | 0.2% | 3 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $263.5K | 513 | 0.2% | 3 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $254.8K | 4,920 | 0.2% | 3 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $249.6K | 600 | 0.2% | 3 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $247.2K | 5,841 | 0.2% | 3 |
| SPDR SERIES TRUST | [SPIP](https://holderbook.com/stocks/SPIP/) | $238.7K | 9,297 | 0.2% | 3 |
| EXELIXIS INC | [EXEL](https://holderbook.com/stocks/EXEL/) | $238.4K | 4,382 | 0.2% | 3 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $233.8K | 199 | 0.2% | 3 |
| INVESCO EXCHANGE TRADED FD T | [RSPH](https://holderbook.com/stocks/RSPH/) | $232.2K | 6,995 | 0.2% | 3 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $231.6K | 2,398 | 0.2% | 3 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $230.0K | 906 | 0.2% | 3 |
| ASTERA LABS INC | [ALAB](https://holderbook.com/stocks/ALAB/) | $217.4K | 450 | 0.2% | 3 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $217.0K | 1,270 | 0.2% | 1 |
| INVESCO EXCHANGE TRADED FD T | [XLG](https://holderbook.com/stocks/XLG/) | $210.8K | 3,442 | 0.1% | 3 |
| TERAWULF INC | [WULF](https://holderbook.com/stocks/WULF/) | $181.2K | 7,334 | 0.1% | 3 |
| ETF OPPORTUNITIES TRUST | [HEFT](https://holderbook.com/stocks/HEFT/) | $176.5K | 6,654 | 0.1% | 2 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $173.3K | 400 | 0.1% | 1 |
| FIDELITY ETHEREUM FD | [FETH](https://holderbook.com/stocks/FETH/) | $173.1K | 11,000 | 0.1% | 1 |
| DIMENSIONAL ETF TRUST | [DFAW](https://holderbook.com/stocks/DFAW/) | $166.0K | 2,005 | 0.1% | 3 |
| EXELON CORP | [EXC](https://holderbook.com/stocks/EXC/) | $165.6K | 3,553 | 0.1% | 3 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $163.4K | 1,114 | 0.1% | 3 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $160.4K | 3,360 | 0.1% | 3 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $159.4K | 451 | 0.1% | 3 |
| COLGATE PALMOLIVE CO | [CL](https://holderbook.com/stocks/CL/) | $154.6K | 1,686 | 0.1% | 3 |
| FIRST TR EXCHANGE-TRADED FD | [FDL](https://holderbook.com/stocks/FDL/) | $151.7K | 3,117 | 0.1% | 3 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $148.3K | 198 | 0.1% | 3 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $144.3K | 1,872 | 0.1% | 3 |
| OSCAR HEALTH INC | [OSCR](https://holderbook.com/stocks/OSCR/) | $144.1K | 5,054 | 0.1% | 3 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $139.5K | 3,312 | 0.1% | 3 |
| PRUDENTIAL FINL INC | [PRU](https://holderbook.com/stocks/PRU/) | $137.4K | 1,273 | 0.1% | 3 |
| ISHARES TR | [ITA](https://holderbook.com/stocks/ITA/) | $135.8K | 560 | 0.1% | 3 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $135.7K | 948 | 0.1% | 3 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $127.6K | 777 | 0.1% | 3 |
| PROCURE ETF TRUST II | [UFO](https://holderbook.com/stocks/UFO/) | $125.9K | 2,485 | 0.1% | 1 |
| WISDOMTREE TR | [DHS](https://holderbook.com/stocks/DHS/) | $122.9K | 1,081 | 0.1% | 3 |
| SPDR INDEX SHS FDS | [RWO](https://holderbook.com/stocks/RWO/) | $118.7K | 2,387 | 0.1% | 3 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $117.6K | 283 | 0.1% | 3 |
| SPDR SERIES TRUST | [SJNK](https://holderbook.com/stocks/SJNK/) | $116.4K | 4,650 | 0.1% | 3 |
| SPROTT ASSET MANAGEMENT LP | [PSLV](https://holderbook.com/stocks/PSLV/) | $114.3K | 6,056 | 0.1% | 3 |
| PIMCO DYNAMIC INCOME FD | [PDI](https://holderbook.com/stocks/PDI/) | $113.3K | 6,784 | 0.1% | 3 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $113.1K | 1,985 | 0.1% | 3 |
| ABRDN PALLADIUM ETF TRUST | [PALL](https://holderbook.com/stocks/PALL/) | $110.6K | 5,010 | 0.1% | 3 |
| SPDR SERIES TRUST | [SPIB](https://holderbook.com/stocks/SPIB/) | $108.9K | 3,255 | 0.1% | 3 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $107.6K | 1,000 | 0.1% | 3 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $105.1K | 727 | 0.1% | 3 |
| SPDR INDEX SHS FDS | [GWX](https://holderbook.com/stocks/GWX/) | $104.3K | 2,384 | 0.1% | 3 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $95.4K | 1,432 | 0.1% | 3 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $94.0K | 1,058 | 0.1% | 2 |
| SNAP ON INC | [SNA](https://holderbook.com/stocks/SNA/) | $90.9K | 226 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.9% | +14.8% | -9.0% | 100% |
| Q1 2026 | -1.8% | -4.6% | +2.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $142.4M | 408 |
| Q1 2026 | $131.8M | 408 |
| Q4 2025 | $128.5M | 438 |