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GCM
Gunpowder Capital Management Portfolio holdings
AUM
$142M
This Fund
S&P 500
This Quarter
Est. Return
-0.82%
1 Year Est. Return
–
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$132M
AUM Growth
+$3.37M
(+2.6%)
Cap. Flow
+$6M
Cap. Flow
% of AUM
4.55%
Top 10 Holdings %
Top 10 Hldgs %
58.32%
Holding
447
New
8
Increased
35
Reduced
91
Closed
39
Avg Time Held Equity + Options
1
quarter
Top 10 Avg Time Held Equity + Options
1
quarter
Top 20 Avg Time Held Equity + Options
1
quarter
Avg Time Held Equity only
1
quarter
Top 10 Avg Time Held Equity only
1
quarter
Top 20 Avg Time Held Equity only
1
quarter
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
U.S. Core Equity 1 Portfolio ETF Class Shares
DCOR
|
+$2.51M |
| 2 |
U.S. Core Equity 2 Portfolio ETF Class Shares
DFAC
|
+$2.16M |
| 3 |
Dimensional International Core Equity 2 ETF
DFIC
|
+$1.18M |
| 4 |
ETHA
iShares Ethereum Trust ETF
ETHA
|
+$770K |
| 5 |
Dimensional Emerging Markets Core Equity 2 ETF
DFEM
|
+$666K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPYM
State Street SPDR Portfolio S&P 500 ETF
SPYM
|
+$283K |
| 2 |
Microsoft
MSFT
|
+$140K |
| 3 |
Cigna
CI
|
+$131K |
| 4 |
JD.com
JD
|
+$122K |
| 5 |
DFUS
Dimensional US Equity ETF
DFUS
|
+$121K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 69.42% |
| 2 | Technology | 13.9% |
| 3 | Communication Services | 3.6% |
| 4 | Consumer Staples | 3.01% |
| 5 | Financials | 2.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
State Street SPDR S&P MIDCAP 400 ETF Trust
MDY
$25.8B
| $906K | 0.69% |
1,469
| – | – |
2025 Q4
1 quarter
|
|
27
Invesco S&P 500 Equal Weight Technology ETF
RSPT
$6.29B
| $840K | 0.64% |
18,550
-200
| -1% | -$9.33K |
2025 Q4
1 quarter
|
|
28
Alibaba
BABA
$276B
| $790K | 0.6% |
6,295
+249
| +4% | +$37.4K |
2025 Q4
1 quarter
|
|
29
Alphabet (Google) Class A
GOOGL
$4.24T
| $769K | 0.58% |
2,673
| – | – |
2025 Q4
1 quarter
|
|
30
United Parcel Service
UPS
$79.2B
| $723K | 0.55% |
7,353
-433
| -6% | -$46.4K |
2025 Q4
1 quarter
|
|
31
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
$41.3B
| $694K | 0.53% |
15,194
-2,469
| -14% | -$116K |
2025 Q4
1 quarter
|
|
|
AKRE
32
Akre Focus ETF
AKRE
$4.78B
| $653K | 0.5% |
12,361
| – | – |
2025 Q4
1 quarter
|
|
33
Dimensional Emerging Core Equity Market ETF
DFAE
$10.3B
| $641K | 0.49% |
18,941
-1,128
| -6% | -$39.4K |
2025 Q4
1 quarter
|
|
34
Dimensional Core Fixed Income ETF
DFCF
$11.4B
| $616K | 0.47% |
14,592
-526
| -3% | -$22.4K |
2025 Q4
1 quarter
|
|
35
Blackstone
BX
$83.8B
| $568K | 0.43% |
4,942
| – | – |
2025 Q4
1 quarter
|
|
36
State Street SPDR Portfolio Aggregate Bond ETF
SPAB
$9.86B
| $568K | 0.43% |
22,171
-1,999
| -8% | -$51.6K |
2025 Q4
1 quarter
|
|
37
Visa
V
$694B
| $508K | 0.39% |
1,680
| – | – |
2025 Q4
1 quarter
|
|
38
Amazon
AMZN
$2.71T
| $479K | 0.36% |
2,301
| – | – |
2025 Q4
1 quarter
|
|
39
First Trust Technology AlphaDEX Fund
FXL
$2.93B
| $477K | 0.36% |
3,000
| – | – |
2025 Q4
1 quarter
|
|
40
Constellation Energy
CEG
$94.8B
| $470K | 0.36% |
1,684
+997
| +145% | +$303K |
2025 Q4
1 quarter
|
|
41
iShares China Large-Cap ETF
FXI
$3.9B
| $443K | 0.34% |
12,327
+783
| +7% | +$29.8K |
2025 Q4
1 quarter
|
|
42
State Street SPDR Portfolio S&P 600 Small Cap ETF
SPSM
$16B
| $423K | 0.32% |
8,755
-1,172
| -12% | -$58K |
2025 Q4
1 quarter
|
|
43
Home Depot
HD
$281B
| $368K | 0.28% |
1,118
-104
| -9% | -$37.9K |
2025 Q4
1 quarter
|
|
44
Newmont
NEM
$122B
| $362K | 0.27% |
3,342
-50
| -1% | -$5.76K |
2025 Q4
1 quarter
|
|
45
iShares Russell 2000 ETF
IWM
$78.7B
| $360K | 0.27% |
1,452
+368
| +34% | +$94.9K |
2025 Q4
1 quarter
|
|
|
TEM
46
Tempus AI
TEM
$15.2B
| $294K | 0.22% |
6,500
+1,500
| +30% | +$85.2K |
2025 Q4
1 quarter
|
|
47
Vanguard Dividend Appreciation ETF
VIG
$110B
| $283K | 0.21% |
1,317
| – | – |
2025 Q4
1 quarter
|
|
48
Johnson & Johnson
JNJ
$610B
| $266K | 0.2% |
1,089
-113
| -9% | -$26.3K |
2025 Q4
1 quarter
|
|
49
Mastercard
MA
$495B
| $256K | 0.19% |
513
| – | – |
2025 Q4
1 quarter
|
|
50
Tesla
TSLA
$1.5T
| $256K | 0.19% |
689
| – | – |
2025 Q4
1 quarter
|
|
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Gunpowder Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Gunpowder Capital Management held 447 positions worth $132M, up 2.6% from $128M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Gunpowder Capital Management deployed $6M of net new capital in Q1 2026, opening 8 new positions and adding to 35 existing holdings. Its largest new stake was Hedgeye Fourth Turning ETF: 6,654 shares worth $177K.
By sector, the portfolio is most concentrated in Miscellaneous at 69% of assets, up from 65% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was State Street SPDR Portfolio S&P 500 ETF, an estimated $283K trimmed.
- Gunpowder Capital Management's largest Q1 2026 buy was Hedgeye Fourth Turning ETF: 6,654 shares worth $177K.
- Gunpowder Capital Management added most to U.S. Core Equity 1 Portfolio ETF Class Shares in Q1 2026, an estimated $2.51M increase.
- Gunpowder Capital Management's biggest Q1 2026 reduction was State Street SPDR Portfolio S&P 500 ETF, cutting an estimated $283K.
- Gunpowder Capital Management fully exited Zevra Therapeutics in Q1 2026, selling an estimated $52.8K.
- Gunpowder Capital Management's ten largest holdings make up 58% of its $132M portfolio in Q1 2026.
- Gunpowder Capital Management opened 8 new positions and closed 39 in Q1 2026.
- Gunpowder Capital Management's portfolio value rose 2.6% quarter-over-quarter to $132M.
Based on Gunpowder Capital Management's 13F filing for Q1 2026, filed 14 May 2026.