Q2 2026 13F · SEC CIK 2114795

Gunpowder Capital Management, LLC dba Oliver Wealth Management

Wealth managerFiled 2026-08-11 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $142.4M
Reported positions: 408
Holdings vs S&P 500, 3 yrs: —
Average holding period: 3 qtrs

Gunpowder Capital Management, LLC dba Oliver Wealth Management is a wealth manager that reported 408 positions worth $142.4M in its Q2 2026 13F, filed 2026-08-11. Its largest holdings were Dimensional U.s. Core Equity 2 (DFAC, 11.4%), Dimensional ETF Trust (DCOR, 10.3%), Spdr Gold Shares (GLD, 8.0%).

Gunpowder Capital Management, LLC dba Oliver Wealth Management holdings largest 50 of 408 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Gunpowder Capital Management, LLC dba Oliver Wealth Management 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
DFACDimensional U.s. Core Equity 2	11.4%	9.5%	365,285	+13.9%	$16.2M
DCORDimensional ETF Trust	10.3%	8.3%	178,804	+18.1%	$14.7M
GLDSpdr Gold Shares	8.0%	10.4%	30,925	-2.8%	$11.4M
AAPLApple Inc	7.8%	7.7%	38,575	-4.0%	$11.2M
DFICDfa Dimensional Intl Core Equit	5.0%	4.6%	191,110	+10.9%	$7.1M
CGDVCapital Group Dividend Value ETF	4.4%	4.0%	126,372	+2.7%	$6.2M
QQQInvesco Qqq Tr	3.7%	3.2%	7,062	-2.2%	$5.2M
SPYSpdr S&p 500 ETF Tr	3.5%	3.6%	6,666	-9.8%	$5.0M
IAUIshares Gold Trust	3.4%	4.2%	63,309	+0.0%	$4.8M
DFEMDimensional	2.9%	2.4%	100,774	+10.0%	$4.1M
METAMeta Platforms Inc Class A	2.6%	2.8%	6,468	+0.0%	$3.6M
CGGRCapital Group Growth ETF	2.4%	2.2%	72,690	+1.7%	$3.4M
WMTWalmart Inc	1.9%	2.4%	23,838	-5.2%	$2.7M
PLTRPalantir Technologies Inclass Class A	1.7%	2.1%	21,324	+10.4%	$2.5M
SPLGSpdr Series Trust	1.3%	1.4%	21,756	-7.3%	$1.9M
NVDANvidia Corporation Com	1.3%	1.0%	9,347	+25.5%	$1.9M
AVGOBroadcom Inc	1.2%	1.4%	4,612	-20.6%	$1.7M
XLEState Street Energy Select Sector Spdr E	1.2%	1.5%	30,969	-0.8%	$1.6M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.0%	2,889	+0.7%	$1.4M
DFUSDimensional ETF Trust	0.9%	1.1%	15,515	-23.9%	$1.3M
SLVIshares Silver Tr	0.8%	1.1%	21,281	-3.4%	$1.1M
RYTInvesco S&p 500 Equal Weight Technology	0.8%	0.6%	17,473	-5.8%	$1.1M
XOMExxon Mobil Corp	0.7%	1.0%	7,651	-3.1%	$1.0M
DFAIDimensional International Core Equity Ma	0.7%	0.9%	24,620	-20.3%	$1.0M
GOOGLAlphabet Inc	0.7%	0.6%	2,686	+0.5%	$960K
MSFTMicrosoft Corp	0.7%	1.2%	2,535	-42.5%	$946K
MDYState Street Spdr S&p Midcap 400 ETF Tru	0.7%	0.7%	1,325	-9.8%	$932K
46438R105Ishares Ethereum Tr	0.6%	0.8%	70,134	-0.8%	$834K
UPSUnited Parcel Svcs Inc Cl B	0.6%	0.5%	7,547	+2.6%	$811K
SPDWSPDR Portfolio Developed World	0.5%	0.5%	14,625	-3.7%	$737K
COSTCostco Whsl Corp New	0.5%	—	730	—	$683K
AKREProfesionally Managed Portfo	0.5%	0.5%	12,361	+0.0%	$657K
DFCFDimensional ETF Trust	0.5%	0.5%	15,520	+6.4%	$655K
FXLFirst Trust Technology Alphadex Fund	0.5%	0.4%	3,000	+0.0%	$652K
DFAEDimensional ETF Trust	0.4%	0.5%	15,531	-18.0%	$625K
BABAAlibaba Group Hldg Ltd	0.4%	0.6%	6,186	-1.7%	$594K
VVisa Inc Com Cl A	0.4%	0.4%	1,680	+0.0%	$576K
BXBlackstone Inc Com	0.4%	0.4%	4,782	-3.2%	$563K
AMZNAmazon Com Inc Com	0.4%	0.4%	2,358	+2.5%	$562K
SPABSpdr Series Trust	0.4%	0.4%	21,858	-1.4%	$558K
SPSMSpdr Series Trust	0.3%	0.3%	8,574	-2.1%	$494K
MUMicron Technology Inc	0.3%	—	400	—	$462K
IWMIshares	0.3%	0.3%	1,452	+0.0%	$436K
CEGConstellation Energy Corp	0.3%	0.4%	1,684	+0.0%	$418K
FXIIshares China Lrg Cap ETF	0.3%	0.3%	12,330	+0.0%	$390K
HDHome Depot Inc Com	0.3%	0.3%	1,097	-1.9%	$387K
TEMTempus Ai Inc	0.2%	0.2%	5,500	-15.4%	$319K
NEMNewmont Corp	0.2%	0.3%	3,342	+0.0%	$312K
VIGVanguard Dividend Appreciation ETF	0.2%	0.2%	1,317	+0.0%	$312K
GEGe Aerospace	0.2%	—	800	—	$299K

What Gunpowder Capital Management, LLC dba Oliver Wealth Management bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

NVDA Nvidia Corporation Com+25.5% shares
DCOR Dimensional ETF Trust+18.1% shares
DFAC Dimensional U.s. Core Equity 2+13.9% shares
DFIC Dfa Dimensional Intl Core Equit+10.9% shares
PLTR Palantir Technologies Inclass Class A+10.4% shares
DFEM Dimensional+10.0% shares
DFCF Dimensional ETF Trust+6.4% shares

Reduced

MSFT Microsoft Corp-42.5% shares
DFUS Dimensional ETF Trust-23.9% shares
AVGO Broadcom Inc-20.6% shares
DFAI Dimensional International Core Equity Ma-20.3% shares
DFAE Dimensional ETF Trust-18.0% shares
TEM Tempus Ai Inc-15.4% shares
SPY Spdr S&p 500 ETF Tr-9.8% shares
MDY State Street Spdr S&p Midcap 400 ETF Tru-9.8% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: —
3 years: —
5 years: —

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$142.4M	408
Q1 2026	$131.8M	408
Q4 2025	$128.5M	438

Questions about Gunpowder Capital Management, LLC dba Oliver Wealth Management's portfolio

What stocks does Gunpowder Capital Management, LLC dba Oliver Wealth Management own?

Gunpowder Capital Management, LLC dba Oliver Wealth Management's latest 13F, for Q2 2026 and filed Aug 11, 2026, lists 408 positions worth $142.4M. The largest are Dimensional U.s. Core Equity 2 (DFAC) at 11.4%, Dimensional ETF Trust (DCOR) at 10.3%, Spdr Gold Shares (GLD) at 8.0%, Apple Inc (AAPL) at 7.8% and Dfa Dimensional Intl Core Equit (DFIC) at 5.0%.

What did Gunpowder Capital Management, LLC dba Oliver Wealth Management buy last quarter?

In Q2 2026, Gunpowder Capital Management, LLC dba Oliver Wealth Management added Nvidia Corporation Com (NVDA) (+25.5% shares), Dimensional ETF Trust (DCOR) (+18.1% shares) and Dimensional U.s. Core Equity 2 (DFAC) (+13.9% shares), compared with its Q1 2026 filing.

What did Gunpowder Capital Management, LLC dba Oliver Wealth Management sell last quarter?

In Q2 2026, Gunpowder Capital Management, LLC dba Oliver Wealth Management cut from its top 50 Johnson & Johnson (JNJ), cut from its top 50 Mastercard Inc. (MA), cut from its top 50 Tesla Inc Com (TSLA), Microsoft Corp (MSFT) (-42.5% shares), Dimensional ETF Trust (DFUS) (-23.9% shares) and Broadcom Inc (AVGO) (-20.6% shares), compared with its Q1 2026 filing.

When is Gunpowder Capital Management, LLC dba Oliver Wealth Management's next 13F filing due?

13F filings are due 45 days after each quarter ends. Gunpowder Capital Management, LLC dba Oliver Wealth Management's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.