FWG Investments, LLC.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), FWG Investments, LLC. reported 104 stock positions worth $145.8 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 12.6% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 6.2%) and Capitol Ser TR (4.4%). Compared with Q2 2025, it opened 14 new positions, sold out of 14, added to 54 and reduced 35. The biggest buy was a new position in Allianzim US BF15 Uncap Dec (DECU) and the biggest sale All US Equ BUF10 Sep ETF-Usd (SEPT, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001944877
- Portfolio Value
- $145.8M (Q3 2025)
- SEC Filing
- 0001944877-25-000014 ↗ filed Oct 29, 2025
Holdings Value
Holdings 104 stocks · $145.8M
| VOO Vanguard S&P 500 ETF | 12.57% | 29,939 | $18.3M | Reduce -2.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 6.24% | 18,983 | $9.1M | Add +40.8% |
| CAPITOL SER TR | 4.37% | 249,869 | $6.4M | Add +5.3% |
| IEMG iShares Core MSCI Emerging | 4.16% | 91,967 | $6.1M | Add +1.4% |
| IWY iShares Russell Top 200 Grow | 3.22% | 17,157 | $4.7M | Add +3.5% |
| DECU Allianzim US BF15 Uncap Dec | 3.21% | 173,899 | $4.7M | New |
| SIXP Allian US Equ 6 Mon BU10-Usd | 2.88% | 136,055 | $4.2M | Add +1505.4% |
| DECT Allianzim US Eq BFFR10 DC-US | 2.44% | 100,492 | $3.6M | Add +9.1% |
| QJUN FT Vest Nasdaq-100 Buffer Et | 1.99% | 93,262 | $2.9M | Add +5.1% |
| SEPT All US Equ BUF10 Sep ETF-Usd | 1.97% | 83,461 | $2.9M | Reduce -65.0% |
| IDEV iShares Core MSCI Dev MKTS | 1.83% | 33,345 | $2.7M | Reduce -6.6% |
| IWX iShares Russell Top 200 Valu | 1.83% | 30,378 | $2.7M | Add +7.1% |
| FJUN FT Vest US Equity Buff ETF-J | 1.81% | 47,238 | $2.6M | Add +7.5% |
| QBER Trueshares Quartly B HDG ETF | 1.53% | 90,811 | $2.2M | Add +57.4% |
| ONEZ Trueshr Seasonality La B ETF | 1.51% | 83,143 | $2.2M | Add +47.2% |
| QDEC FT Vest Nasdaq-100 Buffer Et | 1.46% | 68,606 | $2.1M | Add +0.1% |
| ACWV iShares MSCI Global Min Vol | 1.39% | 16,948 | $2.0M | No change |
| FMAY FT Vest US Equity Buffer ETF | 1.18% | 32,962 | $1.7M | Add +0.2% |
| QMAR FT Vest Nasdaq-100 Buffer Et | 1.15% | 52,146 | $1.7M | Add +2.4% |
| JULU Allianzim US BF15 Uncap Jul | 1.15% | 57,082 | $1.7M | New |
| FJAN FT Vest U.S. Equity Buffer E | 1.14% | 33,052 | $1.7M | Reduce -2.0% |
| EFV iShares MSCI Eafe Value ETF | 1.11% | 23,830 | $1.6M | Add +0.6% |
| EFG iShares MSCI Eafe Growth ETF | 1.10% | 14,093 | $1.6M | Reduce -9.8% |
| AAPL Apple Inc. | 1.09% | 6,247 | $1.6M | Add +2.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.09% | 20,222 | $1.6M | Reduce -22.5% |
| FJUL FT Vest US Equity Buffer ETF | 1.07% | 28,503 | $1.6M | Add +56.6% |
| FOCT FT Vest U.S. Equity Buffer E | 1.07% | 32,762 | $1.6M | Reduce -13.6% |
| XLG Invesco S&P 500 Top 50 ETF | 1.06% | 26,958 | $1.6M | Reduce -8.8% |
| FNOV FT Vest US Equity Buffer ETF | 1.05% | 28,946 | $1.5M | Reduce -0.2% |
| FMAR FT Vest US Equity Buffer ETF | 1.05% | 32,981 | $1.5M | Add +3.9% |
| BILZ PIMCO Ultra SHRT Govt Active | 1.04% | 15,046 | $1.5M | Add +44.9% |
| FSEP FT Vest U.S. Equity Buffer E | 1.03% | 29,779 | $1.5M | Add +2.1% |
| IWS iShares Russell Mid-Cap Valu | 1.01% | 10,559 | $1.5M | Add +4.3% |
| FDEC FT Vest U.S. Equity Buffer E | 1.00% | 29,631 | $1.5M | Add +3.5% |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 0.98% | 24,217 | $1.4M | Add +39.0% |
| SEPZ Trueshares Struc Out Sep ETF | 0.95% | 32,798 | $1.4M | Add +27.4% |
| QUAL iShares MSCI USA Quality Fac | 0.91% | 6,833 | $1.3M | Add +18.2% |
| FAUG FT Vest U.S. Equity Buffer E | 0.89% | 24,909 | $1.3M | Add +11.9% |
| FFEB FT Vest US Equity Buffer ETF | 0.84% | 22,139 | $1.2M | Add +1.4% |
| IVW iShares S&P 500 Growth ETF | 0.82% | 9,879 | $1.2M | Add +16.9% |
| SIXF Allian US Equ 6 Mon BU10-Usd | 0.76% | 35,518 | $1.1M | Add +10.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.75% | 25,546 | $1.1M | Reduce -21.0% |
| MSFT Microsoft Corp. | 0.71% | 2,000 | $1.0M | Reduce -3.0% |
| SPAB SS SPDR P Agg Bond ETF | 0.67% | 37,730 | $975K | Reduce -33.3% |
| GJUL FT Vest US Equity Moderate B | 0.65% | 23,540 | $955K | New |
| QSPT FT Vest Nasdaq-100 Buffer Et | 0.64% | 30,033 | $933K | Add +0.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.63% | 19,510 | $911K | Add +3.0% |
| OEF iShares S&P 100 ETF | 0.62% | 2,723 | $906K | Add +80.6% |
| IVE iShares S&P 500 Value ETF | 0.62% | 4,369 | $902K | Add +26.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 1,415 | $850K | Add +22.2% |
| VGSH Vanguard Short-Term Treasury | 0.56% | 13,892 | $818K | Reduce -11.2% |
| NVDA Nvidia Corp. | 0.53% | 4,114 | $768K | Reduce -2.1% |
| SCHF Schwab Intl Equity ETF | 0.53% | 32,919 | $766K | Reduce -3.7% |
| VTWO Vanguard Russell 2000 ETF | 0.52% | 7,702 | $753K | Add +50.9% |
| IVV iShares Core S&P 500 ETF | 0.49% | 1,059 | $709K | Reduce -9.5% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.41% | 22,403 | $604K | Reduce -4.4% |
| FAPR FT Vest U.S. Equity Buffer E | 0.41% | 13,797 | $600K | Reduce -5.1% |
| WMT Walmart Inc. | 0.41% | 5,781 | $596K | Add +0.9% |
| BDEC Innovator U.S. Equity Buffer | 0.40% | 12,269 | $588K | Reduce -3.3% |
| AMZN Amazon.com Inc. | 0.40% | 2,666 | $585K | Reduce -8.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 1,773 | $582K | Add +61.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 872 | $581K | Add +10.0% |
| XLSR SS US Sector Rotation | 0.40% | 9,709 | $579K | Reduce -18.8% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.39% | 2,703 | $564K | Add +15.7% |
| AOA iShares Core 80/20 Aggressiv | 0.35% | 5,782 | $510K | New |
| IJR iShares Core S&P Small-Cap E | 0.34% | 4,234 | $503K | Reduce -8.3% |
| BAI Ishrs AI in and Tech Act ETF | 0.34% | 14,485 | $495K | Add +104.8% |
| MTUM iShares MSCI USA Momentum Fa | 0.34% | 1,913 | $491K | Add +19.8% |
| IJH iShares Core S&P Midcap ETF | 0.31% | 6,881 | $449K | Reduce -10.9% |
| THRO iShares U.S. Thematic Rotati | 0.31% | 11,805 | $447K | Add +22.3% |
| VONV Vanguard Russell 1000 Value | 0.30% | 4,824 | $431K | Add +1.1% |
| TSLA Tesla Inc. | 0.29% | 962 | $428K | Reduce -5.2% |
| BND Vanguard Total Bond Market | 0.29% | 5,746 | $427K | New |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.29% | 4,001 | $418K | Add +0.6% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.28% | 3,198 | $415K | Add +0.8% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.28% | 7,453 | $412K | Add +0.5% |
| AVGO Broadcom Inc. | 0.27% | 1,177 | $388K | Add +2.7% |
| VYM Vanguard High DVD Yield ETF | 0.26% | 2,681 | $378K | Reduce -52.1% |
| SHOP Shopify Inc. Class A | 0.25% | 2,477 | $368K | Reduce -10.7% |
| HD Home Depot Inc. | 0.25% | 887 | $360K | Reduce -5.8% |
| PGR Progressive Corp. | 0.24% | 1,425 | $352K | Add +0.1% |
| IWP iShares Russell Mid-Cap Grow | 0.24% | 2,432 | $346K | Reduce -46.4% |
| GLDM SPDR Gold Minishares Trust | 0.24% | 4,529 | $346K | New |
| ABBV Abbvie Inc. | 0.22% | 1,381 | $320K | Reduce -9.4% |
| NVDU Direxion Daily Nvda Bull 2X | 0.21% | 2,336 | $306K | New |
| JPM JPMorgan Chase & Co. | 0.20% | 946 | $298K | Add +2.7% |
| GOOG Alphabet Inc. Class C | 0.20% | 1,202 | $293K | Reduce -15.8% |
| DECZ Trueshares Struc Out Dec ETF | 0.20% | 7,047 | $287K | New |
| OCTU Allianzim US BF15 Uncap Oct | 0.19% | 9,972 | $279K | Add +12.6% |
| SHLD Global X Defense Tech ETF | 0.19% | 3,940 | $277K | New |
| NVBU Allianzim US BF15 Uncap Nov | 0.19% | 9,703 | $275K | Add +13.2% |
| VXUS Vanguard Total Intl Stock | 0.19% | 3,704 | $272K | New |
| MBB iShares MBS ETF | 0.19% | 2,858 | $272K | Add +4.0% |
| NDEC In Gro-100 PWR Buf ETF - Dec | 0.17% | 9,421 | $255K | Reduce -3.0% |
| XTEN Bondbloxx BBG 10Y US TSY ETF | 0.17% | 5,397 | $252K | Add +21.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.16% | 2,715 | $237K | Add +4.8% |
| IDXX Idexx Laboratories Inc. | 0.16% | 365 | $233K | Reduce -27.6% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.15% | 762 | $224K | New |
| DECW Alianzim US Eq BFR20 Dec-Usd | 0.15% | 6,776 | $224K | New |
| RTX RTX Corp. | 0.15% | 1,294 | $217K | New |
| SPGI S&P Global Inc. | 0.15% | 435 | $212K | Reduce -21.2% |
| ADP Automatic Data Processing | 0.14% | 692 | $203K | Reduce -6.4% |
| BBAI Bigbear.ai Holdings Inc. | 0.05% | 10,141 | $66K | New |
| PSEC Prospect Capital Corp. | 0.03% | 14,814 | $41K | Reduce -47.0% |
Portfolio Sells Q2 2025 → Q3 2025
| SEPT All US Equ BUF10 Sep ETF-Usd | Reduce -65.0% | 1.97% | −6.94 |
| LISTED FDS TR | Sold out | 0.00% | −0.91 |
| GDEC FT Vest US Equity Moderate B | Sold out | 0.00% | −0.81 |
| VOO Vanguard S&P 500 ETF | Reduce -2.5% | 12.57% | −0.68 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -33.3% | 0.67% | −0.43 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -22.5% | 1.09% | −0.35 |
| VYM Vanguard High DVD Yield ETF | Reduce -52.1% | 0.26% | −0.31 |
| FISR SS Fi Sector Rotation | Sold out | 0.00% | −0.26 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -21.0% | 0.75% | −0.25 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.24 |
| ZDEK Inno Equ Def Pro ETF - 1 DE | Sold out | 0.00% | −0.24 |
| IWP iShares Russell Mid-Cap Grow | Reduce -46.4% | 0.24% | −0.24 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -6.6% | 1.83% | −0.23 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -9.8% | 1.10% | −0.23 |
| FOCT FT Vest U.S. Equity Buffer E | Reduce -13.6% | 1.07% | −0.22 |
| LISTED FDS TR | Sold out | 0.00% | −0.18 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.18 |
| LISTED FDS TR | Sold out | 0.00% | −0.18 |
| GWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.17 |
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −0.17 |
| EMHC SS SPDR BB Em Usd Bond ETF | Sold out | 0.00% | −0.16 |
| BINC iShares Flex I A ETF-Usd Inc. | Sold out | 0.00% | −0.16 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.15 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.15 |
| VGSH Vanguard Short-Term Treasury | Reduce -11.2% | 0.56% | −0.14 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -8.8% | 1.06% | −0.11 |
| XLSR SS US Sector Rotation | Reduce -18.8% | 0.40% | −0.10 |
| FJAN FT Vest U.S. Equity Buffer E | Reduce -2.0% | 1.14% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -8.0% | 0.40% | −0.08 |
| SPGI S&P Global Inc. | Reduce -21.2% | 0.15% | −0.08 |
| MSFT Microsoft Corp. | Reduce -3.0% | 0.71% | −0.07 |
| IVV iShares Core S&P 500 ETF | Reduce -9.5% | 0.49% | −0.07 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -4.4% | 0.41% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -10.9% | 0.31% | −0.06 |
| FNOV FT Vest US Equity Buffer ETF | Reduce -0.2% | 1.05% | −0.05 |
| FAPR FT Vest U.S. Equity Buffer E | Reduce -5.1% | 0.41% | −0.05 |
| SCHF Schwab Intl Equity ETF | Reduce -3.7% | 0.53% | −0.05 |
| IDXX Idexx Laboratories Inc. | Reduce -27.6% | 0.16% | −0.05 |
| PSEC Prospect Capital Corp. | Reduce -47.0% | 0.03% | −0.04 |
| IJR iShares Core S&P Small-Cap E | Reduce -8.3% | 0.34% | −0.04 |
| ADP Automatic Data Processing | Reduce -6.4% | 0.14% | −0.03 |
| BDEC Innovator U.S. Equity Buffer | Reduce -3.3% | 0.40% | −0.03 |
| NDEC In Gro-100 PWR Buf ETF - Dec | Reduce -3.0% | 0.17% | −0.02 |
| HD Home Depot Inc. | Reduce -5.8% | 0.25% | −0.02 |
| ABBV Abbvie Inc. | Reduce -9.4% | 0.22% | +0.00 |
| GOOG Alphabet Inc. Class C | Reduce -15.8% | 0.20% | +0.01 |
| SHOP Shopify Inc. Class A | Reduce -10.7% | 0.25% | +0.01 |
| NVDA Nvidia Corp. | Reduce -2.1% | 0.53% | +0.02 |
| TSLA Tesla Inc. | Reduce -5.2% | 0.29% | +0.05 |
Portfolio Buys Q2 2025 → Q3 2025
| DECU Allianzim US BF15 Uncap Dec | New | 3.21% | +3.21 |
| SIXP Allian US Equ 6 Mon BU10-Usd | Add +1505.4% | 2.88% | +2.69 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +40.8% | 6.24% | +1.75 |
| JULU Allianzim US BF15 Uncap Jul | New | 1.15% | +1.15 |
| GJUL FT Vest US Equity Moderate B | New | 0.65% | +0.65 |
| SEPZ Trueshares Struc Out Sep ETF | Add +27.4% | 0.95% | +0.55 |
| QBER Trueshares Quartly B HDG ETF | Add +57.4% | 1.53% | +0.45 |
| ONEZ Trueshr Seasonality La B ETF | Add +47.2% | 1.51% | +0.43 |
| FJUL FT Vest US Equity Buffer ETF | Add +56.6% | 1.07% | +0.35 |
| AOA iShares Core 80/20 Aggressiv | New | 0.35% | +0.35 |
| BND Vanguard Total Bond Market | New | 0.29% | +0.29 |
| OEF iShares S&P 100 ETF | Add +80.6% | 0.62% | +0.27 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +39.0% | 0.98% | +0.26 |
| BILZ PIMCO Ultra SHRT Govt Active | Add +44.9% | 1.04% | +0.25 |
| GLDM SPDR Gold Minishares Trust | New | 0.24% | +0.24 |
| NVDU Direxion Daily Nvda Bull 2X | New | 0.21% | +0.21 |
| DECZ Trueshares Struc Out Dec ETF | New | 0.20% | +0.20 |
| SHLD Global X Defense Tech ETF | New | 0.19% | +0.19 |
| VXUS Vanguard Total Intl Stock | New | 0.19% | +0.19 |
| BAI Ishrs AI in and Tech Act ETF | Add +104.8% | 0.34% | +0.18 |
| VTWO Vanguard Russell 2000 ETF | Add +50.9% | 0.52% | +0.18 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.15% | +0.15 |
| DECW Alianzim US Eq BFR20 Dec-Usd | New | 0.15% | +0.15 |
| RTX RTX Corp. | New | 0.15% | +0.15 |
| VTI VG Morningstar TS MKT ETF-US | Add +61.0% | 0.40% | +0.14 |
| AAPL Apple Inc. | Add +2.3% | 1.09% | +0.14 |
| IWY iShares Russell Top 200 Grow | Add +3.5% | 3.22% | +0.11 |
| IVW iShares S&P 500 Growth ETF | Add +16.9% | 0.82% | +0.11 |
| QUAL iShares MSCI USA Quality Fac | Add +18.2% | 0.91% | +0.11 |
| DECT Allianzim US Eq BFFR10 DC-US | Add +9.1% | 2.44% | +0.11 |
| IVE iShares S&P 500 Value ETF | Add +26.5% | 0.62% | +0.11 |
| QQQ Invesco QQQ Trust Series 1 | Add +22.2% | 0.58% | +0.10 |
| FAUG FT Vest U.S. Equity Buffer E | Add +11.9% | 0.89% | +0.06 |
| BBAI Bigbear.ai Holdings Inc. | New | 0.05% | +0.05 |
| THRO iShares U.S. Thematic Rotati | Add +22.3% | 0.31% | +0.05 |
| MTUM iShares MSCI USA Momentum Fa | Add +19.8% | 0.34% | +0.04 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +15.7% | 0.39% | +0.04 |
| SIXF Allian US Equ 6 Mon BU10-Usd | Add +10.4% | 0.76% | +0.03 |
| AVGO Broadcom Inc. | Add +2.7% | 0.27% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +10.0% | 0.40% | +0.03 |
| FJUN FT Vest US Equity Buff ETF-J | Add +7.5% | 1.81% | +0.02 |
| IEMG iShares Core MSCI Emerging | Add +1.4% | 4.16% | +0.02 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Add +21.4% | 0.17% | +0.02 |
| IWX iShares Russell Top 200 Valu | Add +7.1% | 1.83% | +0.02 |
| NVBU Allianzim US BF15 Uncap Nov | Add +13.2% | 0.19% | +0.02 |
| OCTU Allianzim US BF15 Uncap Oct | Add +12.6% | 0.19% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +2.7% | 0.20% | +0.00 |
| SPYG SS SPDR P S&P 500 Growth ETF | Add +0.6% | 0.29% | −0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +4.8% | 0.16% | −0.00 |
| QJUN FT Vest Nasdaq-100 Buffer Et | Add +5.1% | 1.99% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 116 | $189.0M | VOO, VUG, CAPITOL SER TR, SIXD, SPYM |
| Q1 2026 | 117 | $157.4M | VOO, VUG, CAPITOL SER TR, DECU, IEMG |
| Q4 2025 | 111 | $157.0M | VOO, VUG, CAPITOL SER TR, IWY, IEMG |
| Q3 2025 | 104 | $145.8M | VOO, VUG, CAPITOL SER TR, IEMG, IWY |
| Q2 2025 | 106 | $131.6M | VOO, CAPITOL SER TR, VUG, IEMG, IWY |
| Q1 2025 | 50 | $85.2M | VOO, IEMG, IWY, OCTT, JANT |
| Q4 2024 | 125 | $128.7M | VOO, IEMG, IWY, SPYM, AMZN |
| Q3 2024Amended | 122 | $115.6M | VOO, IWY, AUGT, SPYM, IEMG |
| Q2 2024Amended | 109 | $99.1M | VOO, IWY, SPYM, IEMG, AMZN |
| Q1 2024Amended | 108 | $92.2M | VOO, IWY, IEMG, SPYM, IDEV |