CWA ASSET MANAGEMENT GROUP, LLC

PrivateCIK: 1667134

Location

NAPLES, FL

644

Positions

$2.95B

Total AUM (reported)

53.06M

Total Shares

Allocation by class

COM$1.69B57.5%

CL A$86.05M2.9%

COM NEW$76.52M2.6%

1 3 YR TREAS BD$72.47M2.5%

STATE STREET SPD$66.63M2.3%

COM CL A$59.81M2.0%

GOLD SHS$56.59M1.9%

Portfolio Concentration

Top 3$403.03M13.7%

4–10$347.99M11.8%

11–25$482.91M16.4%

Rest$1.71B58.1%

Top 3 weight

13.7%

Top 10 weight

25.5%

Voting Authority Distribution

Total shares with voting rights: 53.06M

Sole

Full voting authority

98.96K

% of voting shares0.2%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

52.96M

% of voting shares99.8%

Investment Discretion (by position count)

Sole644

Shared0

Other0

Dominant voting typeNone · 99.8% of voting shares

Institutional Holdings644

Rows:

NVIDIA CORPORATION

SOLE

COM

Shares1.03M

TypeSH

Market value$178.91M

6.07%

Sole

111.00

Shared

0.00

None

1.03M

APPLE INC

SOLE

COM

Shares589K

TypeSH

Market value$149.48M

5.08%

Sole

268.00

Shared

0.00

None

588.73K

MICROSOFT CORP

SOLE

COM

Shares201.65K

TypeSH

Market value$74.65M

2.53%

Sole

51.00

Shared

0.00

None

201.60K

ISHARES TR

SOLE

1 3 YR TREAS BD

Shares877.64K

TypeSH

Market value$72.47M

2.46%

Sole

1.06K

Shared

0.00

None

876.57K

SPDR GOLD TR

SOLE

GOLD SHS

Shares130.74K

TypeSH

Market value$56.26M

1.91%

Sole

70.00

Shared

0.00

None

130.67K

AMAZON COM INC

SOLE

COM

Shares243.49K

TypeSH

Market value$50.71M

1.72%

Sole

76.00

Shared

0.00

None

243.41K

ALPHABET INC

SOLE

CAP STK CL C

Shares156.58K

TypeSH

Market value$44.92M

1.53%

Sole

0.00

Shared

0.00

None

156.58K

CAPITOL SER TR

SOLE

STERLING CAP ENH

Shares1.67M

TypeSH

Market value$41.98M

1.43%

Sole

2.92K

Shared

0.00

None

1.67M

ALPHABET INC

SOLE

CAP STK CL A

Shares144.74K

TypeSH

Market value$41.62M

1.41%

Sole

442.00

Shared

0.00

None

144.30K

TEXAS PACIFIC LAND CORPORATI

SOLE

COM

Shares84.36K

TypeSH

Market value$40.03M

1.36%

Sole

64.00

Shared

0.00

None

84.30K

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares478.12K

TypeSH

Market value$39.56M

1.34%

Sole

548.00

Shared

0.00

None

477.57K

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares77.51K

TypeSH

Market value$37.14M

1.26%

Sole

0.00

Shared

0.00

None

77.51K

ORLA MNG LTD NEW

SOLE

COM

Shares2.30M

TypeSH

Market value$37.09M

1.26%

Sole

1.41K

Shared

0.00

None

2.30M

SPDR SERIES TRUST

SOLE

STATE STREET SPD

Shares391.86K

TypeSH

Market value$35.91M

1.22%

Sole

0.00

Shared

0.00

None

391.86K

NOBLE CORP PLC

SOLE

ORD SHS A

Shares707.87K

TypeSH

Market value$34.74M

1.18%

Sole

1.41K

Shared

0.00

None

706.46K

TRANSOCEAN LTD

SOLE

REGISTERED SHS

Shares5.20M

TypeSH

Market value$34.51M

1.17%

Sole

4.04K

Shared

0.00

None

5.20M

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares33.35K

TypeSH

Market value$33.23M

1.13%

Sole

5.00

Shared

0.00

None

33.35K

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares102.49K

TypeSH

Market value$32.88M

1.12%

Sole

0.00

Shared

0.00

None

102.49K

TENARIS S A

SOLE

META PLATFORMS INC

SOLE

CL A

Shares55.69K

TypeSH

Market value$31.86M

1.08%

Sole

15.00

Shared

0.00

None

55.68K

CORE LABORATORIES INC

SOLE

COM

Shares1.74M

TypeSH

Market value$29.23M

0.99%

Sole

1.59K

Shared

0.00

None

1.74M

JPMORGAN CHASE & CO

SOLE

COM

Shares96.94K

TypeSH

Market value$28.52M

0.97%

Sole

0.00

Shared

0.00

None

96.94K

J P MORGAN EXCHANGE TRADED F

SOLE

ULTRA SHT MUNCPL

Shares542.11K

TypeSH

Market value$27.64M

0.94%

Sole

878.00

Shared

0.00

None

541.24K

BROADCOM INC

SOLE

COM

Shares79.73K

TypeSH

Market value$24.68M

0.84%

Sole

30.00

Shared

0.00

None

79.70K

JOHNSON & JOHNSON

SOLE

COM

Shares96.85K

TypeSH

Market value$23.67M

0.80%

Sole

0.00

Shared

0.00

None

96.85K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
NVIDIA CORPORATIONSOLE	COM	1.03M	SH	$178.91M 6.07%	111.00	1.03M
APPLE INCSOLE	COM	589K	SH	$149.48M 5.08%	268.00	588.73K
MICROSOFT CORPSOLE	COM	201.65K	SH	$74.65M 2.53%	51.00	201.60K
ISHARES TRSOLE	1 3 YR TREAS BD	877.64K	SH	$72.47M 2.46%	1.06K	876.57K
SPDR GOLD TRSOLE	GOLD SHS	130.74K	SH	$56.26M 1.91%	70.00	130.67K
AMAZON COM INCSOLE	COM	243.49K	SH	$50.71M 1.72%	76.00	243.41K
ALPHABET INCSOLE	CAP STK CL C	156.58K	SH	$44.92M 1.53%	0.00	156.58K
CAPITOL SER TRSOLE	STERLING CAP ENH	1.67M	SH	$41.98M 1.43%	2.92K	1.67M
ALPHABET INCSOLE	CAP STK CL A	144.74K	SH	$41.62M 1.41%	442.00	144.30K
TEXAS PACIFIC LAND CORPORATISOLE	COM	84.36K	SH	$40.03M 1.36%	64.00	84.30K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	478.12K	SH	$39.56M 1.34%	548.00	477.57K
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	77.51K	SH	$37.14M 1.26%	0.00	77.51K
ORLA MNG LTD NEWSOLE	COM	2.30M	SH	$37.09M 1.26%	1.41K	2.30M
SPDR SERIES TRUSTSOLE	STATE STREET SPD	391.86K	SH	$35.91M 1.22%	0.00	391.86K
NOBLE CORP PLCSOLE	ORD SHS A	707.87K	SH	$34.74M 1.18%	1.41K	706.46K
TRANSOCEAN LTDSOLE	REGISTERED SHS	5.20M	SH	$34.51M 1.17%	4.04K	5.20M
COSTCO WHOLESALE CORPORATIONSOLE	COM	33.35K	SH	$33.23M 1.13%	5.00	33.35K
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	102.49K	SH	$32.88M 1.12%	0.00	102.49K
TENARIS S ASOLE	SPONSORED ADS	554.15K	SH	$32.24M 1.09%	413.00	553.74K
META PLATFORMS INCSOLE	CL A	55.69K	SH	$31.86M 1.08%	15.00	55.68K
CORE LABORATORIES INCSOLE	COM	1.74M	SH	$29.23M 0.99%	1.59K	1.74M
JPMORGAN CHASE & COSOLE	COM	96.94K	SH	$28.52M 0.97%	0.00	96.94K
J P MORGAN EXCHANGE TRADED FSOLE	ULTRA SHT MUNCPL	542.11K	SH	$27.64M 0.94%	878.00	541.24K
BROADCOM INCSOLE	COM	79.73K	SH	$24.68M 0.84%	30.00	79.70K
JOHNSON & JOHNSONSOLE	COM	96.85K	SH	$23.67M 0.80%	0.00	96.85K

Page 1 of 26

…