FWG Investments, LLC.

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 4, 2025), FWG Investments, LLC. reported 106 stock positions worth $131.6 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 13.3% of the portfolio, followed by Capitol Ser TR (4.6%) and Vanguard Mrngstar GR ETF-Sui (VUG, 4.5%). Compared with Q1 2025, it opened 61 new positions, sold out of 5, added to 21 and reduced 24. The biggest buy was a new position in Capitol Ser TR and the biggest sale Vanguard S&P 500 ETF (VOO, shares −1%).

Most Recent 13F
Q2 2026
Location
LEXINGTON, KY
CIK
0001944877
Portfolio Value
$131.6M (Q2 2025)
SEC Filing
0001944877-25-000011 ↗ filed Aug 4, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $92.2M Q1 2024 Q2 2024: $99.1M Q2 2024 Q3 2024: $115.6M Q3 2024 Q4 2024: $128.7M Q4 2024 Q1 2025: $85.2M Q1 2025 Q2 2025: $131.6M $131.6M Q2 2025 Q3 2025: $145.8M Q3 2025 Q4 2025: $157.0M Q4 2025 Q1 2026: $157.4M Q1 2026 Q2 2026: $189.0M Q2 2026

Holdings 106 stocks · $131.6M
VOO Vanguard S&P 500 ETF 13.26% 30,701 $17.4M Reduce -1.2%
CAPITOL SER TR 4.56% 237,264 $6.0M New
VUG Vanguard Mrngstar GR ETF-Sui 4.49% 13,483 $5.9M New
IEMG iShares Core MSCI Emerging 4.14% 90,699 $5.4M Add +19.5%
IWY iShares Russell Top 200 Grow 3.11% 16,576 $4.1M Reduce -0.9%
OCTT All US Equ BUF10 Oct ETF-Usd 3.06% 100,218 $4.0M Add +11.3%
JANT Allianzim US Eq BFFR10 JN-US 3.04% 105,929 $4.0M Add +12.5%
SIXD Allian US Equ 6 Mon BU10-Usd 2.82% 135,075 $3.7M Add +12.9%
DECT Allianzim US Eq BFFR10 DC-US 2.34% 92,120 $3.1M Add +12.8%
IDEV iShares Core MSCI Dev MKTS 2.06% 35,711 $2.7M Reduce -4.7%
QJUN FT Vest Nasdaq-100 Buffer Et 1.99% 88,701 $2.6M Add +17.0%
IWX iShares Russell Top 200 Valu 1.81% 28,360 $2.4M Reduce -2.2%
FJUN FT Vest US Equity Buff ETF-J 1.79% 43,959 $2.4M Add +51.6%
QDEC FT Vest Nasdaq-100 Buffer Et 1.53% 68,501 $2.0M Add +57.0%
ACWV iShares MSCI Global Min Vol 1.53% 16,948 $2.0M New
SPYM Ste STR SPDR PT S&P 500 ETF 1.44% 26,084 $1.9M Reduce -14.0%
EFG iShares MSCI Eafe Growth ETF 1.33% 15,623 $1.7M Reduce -0.8%
FOCT FT Vest U.S. Equity Buffer E 1.29% 37,926 $1.7M Add +1.1%
FMAY FT Vest US Equity Buffer ETF 1.25% 32,896 $1.6M New
FJAN FT Vest U.S. Equity Buffer E 1.22% 33,735 $1.6M Add +9.5%
QMAR FT Vest Nasdaq-100 Buffer Et 1.20% 50,940 $1.6M Add +10.4%
XLG Invesco S&P 500 Top 50 ETF 1.17% 29,576 $1.5M Reduce -1.5%
EFV iShares MSCI Eafe Value ETF 1.14% 23,696 $1.5M Reduce -7.1%
FNOV FT Vest US Equity Buffer ETF 1.10% 28,999 $1.5M Add +11.9%
SPAB SS SPDR P Agg Bond ETF 1.10% 56,534 $1.4M Reduce -13.1%
ONEZ Trueshr Seasonality La B ETF 1.09% 56,498 $1.4M Add +36.1%
QBER Trueshares Quartly B HDG ETF 1.08% 57,683 $1.4M Add +65.5%
FMAR FT Vest US Equity Buffer ETF 1.08% 31,734 $1.4M Add +63.3%
FSEP FT Vest U.S. Equity Buffer E 1.06% 29,174 $1.4M Reduce -1.4%
IWS iShares Russell Mid-Cap Valu 1.02% 10,123 $1.3M New
FDEC FT Vest U.S. Equity Buffer E 1.01% 28,614 $1.3M Reduce -3.2%
SPDW Ste STR SPDR PT DW Eu ETF 1.00% 32,354 $1.3M Reduce -13.4%
AAPL Apple Inc. 0.95% 6,107 $1.3M New
LISTED FDS TR 0.91% 29,964 $1.2M New
FFEB FT Vest US Equity Buffer ETF 0.87% 21,840 $1.1M Add +56.4%
FAUG FT Vest U.S. Equity Buffer E 0.83% 22,268 $1.1M Reduce -2.8%
GDEC FT Vest US Equity Moderate B 0.81% 30,309 $1.1M Reduce -54.6%
QUAL iShares MSCI USA Quality Fac 0.80% 5,780 $1.1M New
BILZ PIMCO Ultra SHRT Govt Active 0.80% 10,385 $1.1M New
MSFT Microsoft Corp. 0.78% 2,062 $1.0M New
SIXF Allian US Equ 6 Mon BU10-Usd 0.72% 32,170 $953K Add +12.9%
DYNF Ishrs US E F R A ETF-Usd Inc. 0.72% 17,422 $949K Add +1.6%
FJUL FT Vest US Equity Buffer ETF 0.72% 18,199 $942K Reduce -9.2%
IVW iShares S&P 500 Growth ETF 0.71% 8,451 $930K New
VGSH Vanguard Short-Term Treasury 0.70% 15,643 $920K Reduce -9.7%
QSPT FT Vest Nasdaq-100 Buffer Et 0.67% 29,854 $883K Reduce -5.3%
IUSB Ishr CR Unvrse Usd BD ETF-Ui 0.67% 18,943 $876K Reduce -10.3%
SCHF Schwab Intl Equity ETF 0.57% 34,188 $756K Add +67.1%
VYM Vanguard High DVD Yield ETF 0.57% 5,594 $746K New
IVV iShares Core S&P 500 ETF 0.55% 1,170 $726K New
IVE iShares S&P 500 Value ETF 0.51% 3,453 $675K New
NVDA Nvidia Corp. 0.50% 4,204 $664K New
XLSR SS US Sector Rotation 0.50% 11,962 $657K Reduce -3.4%
QQQ Invesco QQQ Trust Series 1 0.49% 1,158 $639K New
AMZN Amazon.com Inc. 0.48% 2,899 $636K New
IWP iShares Russell Mid-Cap Grow 0.48% 4,539 $630K New
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.47% 23,444 $623K Add +10.8%
FAPR FT Vest U.S. Equity Buffer E 0.47% 14,532 $613K Reduce -27.0%
BDEC Innovator U.S. Equity Buffer 0.44% 12,687 $573K Reduce -6.8%
WMT Walmart Inc. 0.43% 5,727 $560K New
QBUL Trueshare QRT Bull Hdge ETF 0.40% 20,587 $524K Add +13.4%
IJR iShares Core S&P Small-Cap E 0.38% 4,617 $505K New
SPY SS SPDR S&P 500 ETF Trust-US 0.37% 793 $490K New
IJH iShares Core S&P Midcap ETF 0.36% 7,727 $479K New
OEF iShares S&P 100 ETF 0.35% 1,508 $459K New
VBR Vngrd Mrngst SL-CP Val ETF-U 0.35% 2,336 $456K New
VTWO Vanguard Russell 2000 ETF 0.34% 5,103 $445K New
VONV Vanguard Russell 1000 Value 0.31% 4,770 $406K New
IJJ iShares S&P Mid-Cap 400 Valu 0.30% 3,174 $392K New
SPYV SS SPDR P S&P 500 Value ETF 0.30% 7,419 $388K New
MTUM iShares MSCI USA Momentum Fa 0.29% 1,597 $384K New
PGR Progressive Corp. 0.29% 1,424 $380K New
SPYG SS SPDR P S&P 500 Growth ETF 0.29% 3,978 $379K New
HD Home Depot Inc. 0.26% 942 $345K New
THRO iShares U.S. Thematic Rotati 0.26% 9,655 $344K New
FISR SS Fi Sector Rotation 0.26% 12,992 $336K Reduce -8.0%
VTI VG Morningstar TS MKT ETF-US 0.25% 1,101 $335K New
TSLA Tesla Inc. 0.25% 1,015 $323K New
SHOP Shopify Inc. Class A 0.24% 2,773 $320K New
IYW iShares Ustechnology ETF 0.24% 1,838 $318K New
ZDEK Inno Equ Def Pro ETF - 1 DE 0.24% 12,952 $318K Reduce -0.0%
AVGO Broadcom Inc. 0.24% 1,146 $316K New
SPGI S&P Global Inc. 0.22% 552 $291K New
ABBV Abbvie Inc. 0.22% 1,525 $283K New
IDXX Idexx Laboratories Inc. 0.21% 504 $270K New
JPM JPMorgan Chase & Co. 0.20% 921 $267K New
MBB iShares MBS ETF 0.20% 2,749 $258K New
GOOG Alphabet Inc. Class C 0.19% 1,427 $253K New
NDEC In Gro-100 PWR Buf ETF - Dec 0.19% 9,711 $251K Reduce -8.0%
SIXP Allian US Equ 6 Mon BU10-Usd 0.19% 8,475 $248K New
LISTED FDS TR 0.18% 5,899 $241K New
CSGP Costar Group Inc. 0.18% 2,920 $235K New
LISTED FDS TR 0.18% 5,392 $234K New
OCTU Allianzim US BF15 Uncap Oct 0.18% 8,859 $233K New
ADP Automatic Data Processing 0.17% 739 $228K New
NVBU Allianzim US BF15 Uncap Nov 0.17% 8,571 $228K New
GWX State Street SPDR S&P Intern 0.17% 6,082 $226K New
SCHW Schwab (charles) Corp. 0.17% 2,458 $224K New
IEFA iShares Core MSCI Eafe ETF 0.16% 2,591 $216K New
EMHC SS SPDR BB Em Usd Bond ETF 0.16% 8,760 $216K New
BINC iShares Flex I A ETF-Usd Inc. 0.16% 4,076 $215K New
XTEN Bondbloxx BBG 10Y US TSY ETF 0.16% 4,444 $205K New
BAI Ishrs AI in and Tech Act ETF 0.16% 7,073 $204K New
ABT Abbott Laboratories 0.15% 1,490 $203K New
PG The Procter & Gamble Co. 0.15% 1,264 $201K New
PSEC Prospect Capital Corp. 0.07% 27,945 $89K New

Portfolio Sells Q1 2025 → Q2 2025
VOO Vanguard S&P 500 ETF Reduce -1.2% 13.26% −5.48
VMBS Vanguard Mortgage-Backed Sec Sold out 0.00% −2.10
USIG iShares Broad Usd Investment Sold out 0.00% −1.99
GDEC FT Vest US Equity Moderate B Reduce -54.6% 0.81% −1.78
VGIT Vanguard Intermediate-Term T Sold out 0.00% −1.41
IWY iShares Russell Top 200 Grow Reduce -0.9% 3.11% −1.03
IWX iShares Russell Top 200 Valu Reduce -2.2% 1.81% −0.98
IDEV iShares Core MSCI Dev MKTS Reduce -4.7% 2.06% −0.97
LISTED FDS TR Sold out 0.00% −0.92
SPYM Ste STR SPDR PT S&P 500 ETF Reduce -14.0% 1.44% −0.90
SPAB SS SPDR P Agg Bond ETF Reduce -13.1% 1.10% −0.85
EFV iShares MSCI Eafe Value ETF Reduce -7.1% 1.14% −0.62
SPDW Ste STR SPDR PT DW Eu ETF Reduce -13.4% 1.00% −0.60
EFG iShares MSCI Eafe Growth ETF Reduce -0.8% 1.33% −0.52
VGSH Vanguard Short-Term Treasury Reduce -9.7% 0.70% −0.49
FDEC FT Vest U.S. Equity Buffer E Reduce -3.2% 1.01% −0.49
FAPR FT Vest U.S. Equity Buffer E Reduce -27.0% 0.47% −0.49
FSEP FT Vest U.S. Equity Buffer E Reduce -1.4% 1.06% −0.48
IUSB Ishr CR Unvrse Usd BD ETF-Ui Reduce -10.3% 0.67% −0.48
LISTED FDS TR Sold out 0.00% −0.46
XLG Invesco S&P 500 Top 50 ETF Reduce -1.5% 1.17% −0.45
FJUL FT Vest US Equity Buffer ETF Reduce -9.2% 0.72% −0.40
FAUG FT Vest U.S. Equity Buffer E Reduce -2.8% 0.83% −0.39
QSPT FT Vest Nasdaq-100 Buffer Et Reduce -5.3% 0.67% −0.31
XLSR SS US Sector Rotation Reduce -3.4% 0.50% −0.24
BDEC Innovator U.S. Equity Buffer Reduce -6.8% 0.44% −0.23
FISR SS Fi Sector Rotation Reduce -8.0% 0.26% −0.17
ZDEK Inno Equ Def Pro ETF - 1 DE Reduce -0.0% 0.24% −0.12
NDEC In Gro-100 PWR Buf ETF - Dec Reduce -8.0% 0.19% −0.10

Portfolio Buys Q1 2025 → Q2 2025
CAPITOL SER TR New 4.56% +4.56
VUG Vanguard Mrngstar GR ETF-Sui New 4.49% +4.49
ACWV iShares MSCI Global Min Vol New 1.53% +1.53
FMAY FT Vest US Equity Buffer ETF New 1.25% +1.25
IWS iShares Russell Mid-Cap Valu New 1.02% +1.02
AAPL Apple Inc. New 0.95% +0.95
LISTED FDS TR New 0.91% +0.91
QUAL iShares MSCI USA Quality Fac New 0.80% +0.80
BILZ PIMCO Ultra SHRT Govt Active New 0.80% +0.80
MSFT Microsoft Corp. New 0.78% +0.78
IVW iShares S&P 500 Growth ETF New 0.71% +0.71
VYM Vanguard High DVD Yield ETF New 0.57% +0.57
IVV iShares Core S&P 500 ETF New 0.55% +0.55
IVE iShares S&P 500 Value ETF New 0.51% +0.51
NVDA Nvidia Corp. New 0.50% +0.50
QQQ Invesco QQQ Trust Series 1 New 0.49% +0.49
AMZN Amazon.com Inc. New 0.48% +0.48
IWP iShares Russell Mid-Cap Grow New 0.48% +0.48
WMT Walmart Inc. New 0.43% +0.43
IJR iShares Core S&P Small-Cap E New 0.38% +0.38
SPY SS SPDR S&P 500 ETF Trust-US New 0.37% +0.37
IJH iShares Core S&P Midcap ETF New 0.36% +0.36
OEF iShares S&P 100 ETF New 0.35% +0.35
VBR Vngrd Mrngst SL-CP Val ETF-U New 0.35% +0.35
VTWO Vanguard Russell 2000 ETF New 0.34% +0.34
VONV Vanguard Russell 1000 Value New 0.31% +0.31
IJJ iShares S&P Mid-Cap 400 Valu New 0.30% +0.30
SPYV SS SPDR P S&P 500 Value ETF New 0.30% +0.30
MTUM iShares MSCI USA Momentum Fa New 0.29% +0.29
PGR Progressive Corp. New 0.29% +0.29
SPYG SS SPDR P S&P 500 Growth ETF New 0.29% +0.29
HD Home Depot Inc. New 0.26% +0.26
THRO iShares U.S. Thematic Rotati New 0.26% +0.26
VTI VG Morningstar TS MKT ETF-US New 0.25% +0.25
TSLA Tesla Inc. New 0.25% +0.25
SHOP Shopify Inc. Class A New 0.24% +0.24
IYW iShares Ustechnology ETF New 0.24% +0.24
AVGO Broadcom Inc. New 0.24% +0.24
SPGI S&P Global Inc. New 0.22% +0.22
ABBV Abbvie Inc. New 0.22% +0.22
IDXX Idexx Laboratories Inc. New 0.21% +0.21
JPM JPMorgan Chase & Co. New 0.20% +0.20
MBB iShares MBS ETF New 0.20% +0.20
GOOG Alphabet Inc. Class C New 0.19% +0.19
QDEC FT Vest Nasdaq-100 Buffer Et Add +57.0% 1.53% +0.19
SIXP Allian US Equ 6 Mon BU10-Usd New 0.19% +0.19
LISTED FDS TR New 0.18% +0.18
CSGP Costar Group Inc. New 0.18% +0.18
LISTED FDS TR New 0.18% +0.18
OCTU Allianzim US BF15 Uncap Oct New 0.18% +0.18

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 116$189.0MVOO, VUG, CAPITOL SER TR, SIXD, SPYM
Q1 2026 117$157.4MVOO, VUG, CAPITOL SER TR, DECU, IEMG
Q4 2025 111$157.0MVOO, VUG, CAPITOL SER TR, IWY, IEMG
Q3 2025 104$145.8MVOO, VUG, CAPITOL SER TR, IEMG, IWY
Q2 2025 106$131.6MVOO, CAPITOL SER TR, VUG, IEMG, IWY
Q1 2025 50$85.2MVOO, IEMG, IWY, OCTT, JANT
Q4 2024 125$128.7MVOO, IEMG, IWY, SPYM, AMZN
Q3 2024Amended 122$115.6MVOO, IWY, AUGT, SPYM, IEMG
Q2 2024Amended 109$99.1MVOO, IWY, SPYM, IEMG, AMZN
Q1 2024Amended 108$92.2MVOO, IWY, IEMG, SPYM, IDEV