CWA ASSET MANAGEMENT GROUP, LLC

Filed: 10/22/2025ACC: 0001667134-25-000006

📋 What this filing means

CWA ASSET MANAGEMENT GROUP, LLC filed this quarterly 13F‑HR report disclosing 660 equity positions with a total reported market value of $2.70B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

660

Positions

$2.70B

Total AUM (reported)

37.66M

Total Shares

Allocation by class

COM$1.57B58.0%

CL A$122.10M4.5%

COM NEW$75.20M2.8%

1 3 YR TREAS BD$66.33M2.5%

GOLD SHS$57.44M2.1%

COM CL A$54.37M2.0%

SHS$50.98M1.9%

Portfolio Concentration

Top 3$426.88M15.8%

4–10$346.69M12.8%

11–25$426.44M15.8%

Rest$1.50B55.6%

Top 3 weight

15.8%

Top 10 weight

28.6%

Voting Authority Distribution

Total shares with voting rights: 37.66M

Sole

Full voting authority

87.28K

% of voting shares0.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

37.58M

% of voting shares99.8%

Investment Discretion (by position count)

Sole660

Shared0

Other0

Dominant voting typeNone · 99.8% of voting shares

Institutional Holdings660

Rows:

NVIDIA CORPORATION

SOLE

COM

Shares980.48K

TypeSH

Market value$182.94M

6.77%

Sole

114.00

Shared

0.00

None

980.36K

APPLE INC

SOLE

COM

Shares543.63K

TypeSH

Market value$138.43M

5.12%

Sole

368.00

Shared

0.00

None

543.27K

MICROSOFT CORP

SOLE

COM

Shares203.73K

TypeSH

Market value$105.52M

3.90%

Sole

51.00

Shared

0.00

None

203.68K

ISHARES TR

SOLE

1 3 YR TREAS BD

Shares799.56K

TypeSH

Market value$66.33M

2.45%

Sole

883.00

Shared

0.00

None

798.68K

SPDR GOLD TR

SOLE

GOLD SHS

Shares160.81K

TypeSH

Market value$57.16M

2.12%

Sole

130.00

Shared

0.00

None

160.68K

AMAZON COM INC

SOLE

COM

Shares252.65K

TypeSH

Market value$55.47M

2.05%

Sole

76.00

Shared

0.00

None

252.57K

SPDR SERIES TRUST

SOLE

BLOOMBERG 1-3 MO

Shares517.96K

TypeSH

Market value$47.52M

1.76%

Sole

0.00

Shared

0.00

None

517.96K

META PLATFORMS INC

SOLE

CL A

Shares58.72K

TypeSH

Market value$43.12M

1.60%

Sole

15.00

Shared

0.00

None

58.70K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares77.19K

TypeSH

Market value$38.81M

1.44%

Sole

0.00

Shared

0.00

None

77.19K

ALPHABET INC

SOLE

CAP STK CL C

Shares157.14K

TypeSH

Market value$38.27M

1.42%

Sole

0.00

Shared

0.00

None

157.14K

CAPITOL SER TR

SOLE

STERLING CAP ENH

Shares1.42M

TypeSH

Market value$36.06M

1.33%

Sole

2.92K

Shared

0.00

None

1.41M

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares407.29K

TypeSH

Market value$34.26M

1.27%

Sole

847.00

Shared

0.00

None

406.45K

ORLA MNG LTD NEW

SOLE

COM

Shares3.13M

TypeSH

Market value$33.77M

1.25%

Sole

2.92K

Shared

0.00

None

3.12M

COSTCO WHSL CORP NEW

SOLE

COM

Shares35.84K

TypeSH

Market value$33.17M

1.23%

Sole

5.00

Shared

0.00

None

35.84K

FRANCO NEV CORP

SOLE

COM

Shares145.46K

TypeSH

Market value$32.42M

1.20%

Sole

147.00

Shared

0.00

None

145.31K

JPMORGAN CHASE & CO.

SOLE

COM

Shares101.33K

TypeSH

Market value$31.96M

1.18%

Sole

0.00

Shared

0.00

None

101.33K

ALPHABET INC

SOLE

CAP STK CL A

Shares128.49K

TypeSH

Market value$31.24M

1.16%

Sole

591.00

Shared

0.00

None

127.90K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares94.58K

TypeSH

Market value$31.04M

1.15%

Sole

0.00

Shared

0.00

None

94.58K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHT MUNCPL

Shares525.39K

TypeSH

Market value$26.82M

0.99%

Sole

878.00

Shared

0.00

None

524.51K

BROADCOM INC

SOLE

COM

Shares75.43K

TypeSH

Market value$24.89M

0.92%

Sole

30.00

Shared

0.00

None

75.40K

PALANTIR TECHNOLOGIES INC

SOLE

CL A

Shares131.91K

TypeSH

Market value$24.06M

0.89%

Sole

0.00

Shared

0.00

None

131.91K

VISA INC

SOLE

COM CL A

Shares68.80K

TypeSH

Market value$23.49M

0.87%

Sole

16.00

Shared

0.00

None

68.79K

ALTRIA GROUP INC

SOLE

COM

Shares335.42K

TypeSH

Market value$22.16M

0.82%

Sole

998.00

Shared

0.00

None

334.42K

SPDR SERIES TRUST

SOLE

BLOOMBERG 3-12 M

Shares213.11K

TypeSH

Market value$21.21M

0.78%

Sole

0.00

Shared

0.00

None

213.11K

ORACLE CORP

SOLE

COM

Shares70.78K

TypeSH

Market value$19.91M

0.74%

Sole

15.00

Shared

0.00

None

70.76K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORPORATIONSOLE	COM	980.48K	SH	$182.94M 6.77%	114.00	980.36K
APPLE INCSOLE	COM	543.63K	SH	$138.43M 5.12%	368.00	543.27K
MICROSOFT CORPSOLE	COM	203.73K	SH	$105.52M 3.90%	51.00	203.68K
ISHARES TRSOLE	1 3 YR TREAS BD	799.56K	SH	$66.33M 2.45%	883.00	798.68K
SPDR GOLD TRSOLE	GOLD SHS	160.81K	SH	$57.16M 2.12%	130.00	160.68K
AMAZON COM INCSOLE	COM	252.65K	SH	$55.47M 2.05%	76.00	252.57K
SPDR SERIES TRUSTSOLE	BLOOMBERG 1-3 MO	517.96K	SH	$47.52M 1.76%	0.00	517.96K
META PLATFORMS INCSOLE	CL A	58.72K	SH	$43.12M 1.60%	15.00	58.70K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	77.19K	SH	$38.81M 1.44%	0.00	77.19K
ALPHABET INCSOLE	CAP STK CL C	157.14K	SH	$38.27M 1.42%	0.00	157.14K
CAPITOL SER TRSOLE	STERLING CAP ENH	1.42M	SH	$36.06M 1.33%	2.92K	1.41M
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	407.29K	SH	$34.26M 1.27%	847.00	406.45K
ORLA MNG LTD NEWSOLE	COM	3.13M	SH	$33.77M 1.25%	2.92K	3.12M
COSTCO WHSL CORP NEWSOLE	COM	35.84K	SH	$33.17M 1.23%	5.00	35.84K
FRANCO NEV CORPSOLE	COM	145.46K	SH	$32.42M 1.20%	147.00	145.31K
JPMORGAN CHASE & CO.SOLE	COM	101.33K	SH	$31.96M 1.18%	0.00	101.33K
ALPHABET INCSOLE	CAP STK CL A	128.49K	SH	$31.24M 1.16%	591.00	127.90K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	94.58K	SH	$31.04M 1.15%	0.00	94.58K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHT MUNCPL	525.39K	SH	$26.82M 0.99%	878.00	524.51K
BROADCOM INCSOLE	COM	75.43K	SH	$24.89M 0.92%	30.00	75.40K
PALANTIR TECHNOLOGIES INCSOLE	CL A	131.91K	SH	$24.06M 0.89%	0.00	131.91K
VISA INCSOLE	COM CL A	68.80K	SH	$23.49M 0.87%	16.00	68.79K
ALTRIA GROUP INCSOLE	COM	335.42K	SH	$22.16M 0.82%	998.00	334.42K
SPDR SERIES TRUSTSOLE	BLOOMBERG 3-12 M	213.11K	SH	$21.21M 0.78%	0.00	213.11K
ORACLE CORPSOLE	COM	70.78K	SH	$19.91M 0.74%	15.00	70.76K

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