NWM ADVISORS LLC
Q4 2025 Form 13-F

SAN LUIS OBISPO, CALIFORNIA
CIK 0002098824 · CRD 283714 · SEC-registered investment adviser
$114.9M Reported Value Total

NWM ADVISORS, LLC reports 501 total accounts under management (AUM). There are 499 discretionary accounts valued at $317,186,141, and 2 non-discretionary accounts valued at $11,871,483.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary & Non-Discretionary
Source: Form ADV filed 2026-02-13
Reported value
$114.9M
Quarter over quarter
0.0%
Holdings
25
Top-10 concentration
77.7%

Key People

Form ADV owners & control persons
Kevin Mark Nichols
PRESIDENT & CHIEF COMPLIANCE OFFICER

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13F Metrics

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Q4 2025 13F record

Q4 2025 13F filing summary

Q4 2025 Form 13F portfolio summary
Period of report December 31, 2025
Filed February 04, 2026
Form 13F-HR
Reported value $114.9M
Positions 25
Change in reported value First reported quarter
Top-10 concentration 77.7%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q3 2026 13F
Filed Nov 9, 2026
21 $127.6M
Q2 2026 13F
Filed Aug 7, 2026
23 $127.0M
Q1 2026 13F
Filed May 13, 2026
23 $109.8M
Q4 2025 13F
Filed Feb 4, 2026
25 $114.9M

Top 20 holdings · Q4 2025

Largest Q4 2025 13F positions by reported value
# Holding Reported value % of portfolio
1 VOO VANGUARD INDEX FDS $31.9M 27.75%
2 IVOO VANGUARD ADMIRAL FDS INC $12.6M 10.98%
3 BRK-B BERKSHIRE HATHAWAY INC DEL $9.8M 8.55%
4 INVN THE ALGER ETF TRUST $5.6M 4.84%
5 AAPL APPLE INC $5.2M 4.5%
6 SCHA SCHWAB STRATEGIC TR $5.2M 4.5%
7 JPM JPMORGAN CHASE & CO. $5.1M 4.4%
8 QTEC FIRST TR EXCHANGE-TRADED FD $4.7M 4.1%
9 NVDA NVIDIA CORPORATION $4.7M 4.06%
10 V VISA INC $4.6M 3.97%
11 MSFT MICROSOFT CORP $4.5M 3.9%
12 UBER UBER TECHNOLOGIES INC $2.9M 2.51%
13 VGT VANGUARD WORLD FD $2.8M 2.41%
14 VO VANGUARD INDEX FDS $2.7M 2.39%
15 ALAI THE ALGER ETF TRUST $2.6M 2.24%
16 SPY SPDR S&P 500 ETF TR $2.4M 2.1%
17 VCRM VANGUARD MUN BD FDS $2.3M 2.02%
18 UPS UNITED PARCEL SERVICE INC $1.7M 1.5%
19 PLTR PALANTIR TECHNOLOGIES INC $1.1M 0.99%
20 CWBC COMMUNITY WEST BANCSHARES NE $729.7K 0.63%

Values as reported on the Q4 2025 Form 13F. Every position is in the holdings table below.

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