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Portfolio (Quarterly) Guide ↗

SPWM Advisors LLC

· CIK 0002111209
13F Portfolio $108M AUM 90 positions Filed Jul 24, 2026 EDGAR ↗ ← All Funds
Q2 2026 Q1 2026 · All 5 New 15 Added 53 Reduced 8 Exited
Page 5 of 5  ·  90 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 FERG FERGUSON ENTERPRISES INC Industrials 913.0 $212K 0.20% -279.0 -23.4% $231.89 +0.3%
82 ENB ENBRIDGE INC Energy 3,711.0 $210K 0.19% -827.0 -18.2% $56.70 -12.3%
83 DUK DUKE ENERGY CORP NEW Utilities 1,644.0 $206K 0.19% -62.0 -3.6% $125.03 -2.8%
84 FSM FORTUNA MNG CORP Basic Materials 20,010.0 $163K 0.15% $8.16 +52.6%
85 LYG LLOYDS BANKING GROUP PLC Financial Services 27,251.0 $162K 0.15% -4K -13.4% $5.96 +2.0%
86 HL HECLA MINING COMPANY Basic Materials 10,219.0 $146K 0.14% +217.0 +2.2% $14.33 +46.0%
87 BSM BLACK STONE MINERALS L P Energy 10,029.0 $144K 0.13% NEW $14.31 +4.1%
88 DNN DENISON MINES CORP Energy 20,010.0 $56K 0.05% $2.82 +31.9%
89 NG NOVAGOLD RESOURCES INC Basic Materials 10,010.0 $52K 0.05% $5.18 +88.6%
90 TRX GOLD CORPORATION 65,000.0 $47K 0.04% $0.72
Page 5 of 5  ·  90 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 29.7%
Financial Services 18.4%
Consumer Cyclical 13.3%
Communication Services 12.1%
Healthcare 9.3%
Industrials 4.6%
Basic Materials 4.1%
Consumer Defensive 4.1%
Energy 3.9%
Utilities 0.4%