# EDGAR Filing Document

**Accession Number:** 0001801101
**File Stem:** 0001801101-23-000001
**Filing Date:** 2023-1
**Character Count:** 9624
**Document Hash:** 7e1828e143d207dc2447fc119233d79c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001801101-23-000001.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001801101-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**EFFECTIVENESS DATE**: 20230125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LPWM LLC
- **CENTRAL INDEX KEY:** 0001801101
- **IRS NUMBER:** 833782204
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-19714
- **FILM NUMBER:** 23551658

**BUSINESS ADDRESS:**
- **STREET 1:** 121 S 8TH STREET
- **STREET 2:** SUITE 1110
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402
- **BUSINESS PHONE:** 6123385306

**MAIL ADDRESS:**
- **STREET 1:** 121 S 8TH STREET
- **STREET 2:** SUITE 1110
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55402

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** LPWM LLC<br>**Address:** 121 S 8TH STREET<br>SUITE 1110<br>MINNEAPOLIS, MN 55402

**Form 13F File Number:** 028-19714

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David Benning<br>**Title:** CHIEF COMPLIANCE OFFICER<br>**Phone:** (612) 315-2105

**Signature, Place, and Date of Signing:**

David Benning  MINNEAPOLIS, MN  01-25-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 59

**Form 13F Information Table Value Total:** $185877102

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 36547490 | 242937 | SH |  | SOLE |  | 0 | 0 | 242937 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000GRW | 92206C680 |  | 36380545 | 650001 | SH |  | SOLE |  | 0 | 0 | 650001 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 18885212 | 172831 | SH |  | SOLE |  | 0 | 0 | 172831 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 10675022 | 107872 | SH |  | SOLE |  | 0 | 0 | 107872 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 9697155 | 150741 | SH |  | SOLE |  | 0 | 0 | 150741 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 8135375 | 173870 | SH |  | SOLE |  | 0 | 0 | 173870 |
| SPDR SER TR | S 600 SMCP VAL | 78464A300 |  | 6162175 | 79175 | SH |  | SOLE |  | 0 | 0 | 79175 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 4552235 | 25219 | SH |  | SOLE |  | 0 | 0 | 25219 |
| VANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 922042858 |  | 4333241 | 104415 | SH |  | SOLE |  | 0 | 0 | 104415 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 3551504 | 41985 | SH |  | SOLE |  | 0 | 0 | 41985 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 3177205 | 22210 | SH |  | SOLE |  | 0 | 0 | 22210 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2814566 | 8897 | SH |  | SOLE |  | 0 | 0 | 8897 |
| INVESCO EXCH TRADED FD TR II | S EMRNG MKTS | 46138E297 |  | 2794364 | 117115 | SH |  | SOLE |  | 0 | 0 | 117115 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 2787214 | 55856 | SH |  | SOLE |  | 0 | 0 | 55856 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 |  | 2610841 | 14692 | SH |  | SOLE |  | 0 | 0 | 14692 |
| ISHARES TR | CONV BD ETF | 46435G102 |  | 2412408 | 34045 | SH |  | SOLE |  | 0 | 0 | 34045 |
| VANGUARD INTL EQUITY INDEX F | GLB EX US ETF | 922042676 |  | 2331339 | 54739 | SH |  | SOLE |  | 0 | 0 | 54739 |
| VANGUARD INTL EQUITY INDEX F | FTSE SMCAP ETF | 922042718 |  | 2206229 | 20602 | SH |  | SOLE |  | 0 | 0 | 20602 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 1981602 | 39482 | SH |  | SOLE |  | 0 | 0 | 39482 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 1977808 | 14099 | SH |  | SOLE |  | 0 | 0 | 14099 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1798198 | 41036 | SH |  | SOLE |  | 0 | 0 | 41036 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 1393376 | 20392 | SH |  | SOLE |  | 0 | 0 | 20392 |
| ISHARES TR | NATIONAL MUN ETF | 464288414 |  | 1370864 | 12819 | SH |  | SOLE |  | 0 | 0 | 12819 |
| ISHARES TR | RUS MID CAP ETF | 464287499 |  | 1307612 | 18761 | SH |  | SOLE |  | 0 | 0 | 18761 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 1143102 | 5843 | SH |  | SOLE |  | 0 | 0 | 5843 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 984972 | 19731 | SH |  | SOLE |  | 0 | 0 | 19731 |
| VANGUARD WORLD FDS | HEALTH CAR ETF | 92204A504 |  | 830459 | 3369 | SH |  | SOLE |  | 0 | 0 | 3369 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 801483 | 6313 | SH |  | SOLE |  | 0 | 0 | 6313 |
| VANGUARD WORLD FDS | INF TECH ETF | 92204A702 |  | 779172 | 2389 | SH |  | SOLE |  | 0 | 0 | 2389 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 686775 | 11662 | SH |  | SOLE |  | 0 | 0 | 11662 |
| ISHARES TR | TIPS BD ETF | 464287176 |  | 674615 | 6263 | SH |  | SOLE |  | 0 | 0 | 6263 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 604985 | 6885 | SH |  | SOLE |  | 0 | 0 | 6885 |
| APPLE INC | COM | 037833100 |  | 604750 | 4626 | SH |  | SOLE |  | 0 | 0 | 4626 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 531333 | 10578 | SH |  | SOLE |  | 0 | 0 | 10578 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 520417 | 3271 | SH |  | SOLE |  | 0 | 0 | 3271 |
| US BANCORP DEL | COM NEW | 902973304 |  | 487970 | 10458 | SH |  | SOLE |  | 0 | 0 | 10458 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 478394 | 2195 | SH |  | SOLE |  | 0 | 0 | 2195 |
| VANGUARD INDEX FDS | LARGE CAP ETF | 922908637 |  | 458368 | 2578 | SH |  | SOLE |  | 0 | 0 | 2578 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 443527 | 3228 | SH |  | SOLE |  | 0 | 0 | 3228 |
| AMAZON COM INC | COM | 023135106 |  | 399922 | 4450 | SH |  | SOLE |  | 0 | 0 | 4450 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 392664 | 2919 | SH |  | SOLE |  | 0 | 0 | 2919 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 371364 | 4200 | SH |  | SOLE |  | 0 | 0 | 4200 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 365523 | 2185 | SH |  | SOLE |  | 0 | 0 | 2185 |
| 3M CO | COM | 88579Y101 |  | 362769 | 2831 | SH |  | SOLE |  | 0 | 0 | 2831 |
| ISHARES TR | RUS 1000 ETF | 464287622 |  | 354729 | 1650 | SH |  | SOLE |  | 0 | 0 | 1650 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 332774 | 852 | SH |  | SOLE |  | 0 | 0 | 852 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 |  | 331656 | 1744 | SH |  | SOLE |  | 0 | 0 | 1744 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 327096 | 1990 | SH |  | SOLE |  | 0 | 0 | 1990 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 303264 | 624 | SH |  | SOLE |  | 0 | 0 | 624 |
| SELECT SECTOR SPDR TR | SBI MATERIALS | 81369Y100 |  | 292450 | 3580 | SH |  | SOLE |  | 0 | 0 | 3580 |
| BROADCOM INC | COM | 11135F101 |  | 287465 | 500 | SH |  | SOLE |  | 0 | 0 | 500 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 273782 | 3610 | SH |  | SOLE |  | 0 | 0 | 3610 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 270435 | 3428 | SH |  | SOLE |  | 0 | 0 | 3428 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 246663 | 3386 | SH |  | SOLE |  | 0 | 0 | 3386 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 216645 | 788 | SH |  | SOLE |  | 0 | 0 | 788 |
| ISHARES TR | EAFE SML CP ETF | 464288273 |  | 214507 | 3680 | SH |  | SOLE |  | 0 | 0 | 3680 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 209316 | 1195 | SH |  | SOLE |  | 0 | 0 | 1195 |
| CISCO SYS INC | COM | 17275R102 |  | 208663 | 4275 | SH |  | SOLE |  | 0 | 0 | 4275 |
| ECOLAB INC | COM | 278865100 |  | 201513 | 1324 | SH |  | SOLE |  | 0 | 0 | 1324 |

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