FWG Investments, LLC.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 28, 2026), FWG Investments, LLC. reported 111 stock positions worth $157.0 million. Its top holding was Vanguard S&P 500 ETF (VOO) at 11.7% of the portfolio, followed by Vanguard Mrngstar GR ETF-Sui (VUG, 7.5%) and Capitol Ser TR (4.1%). Compared with Q3 2025, it opened 12 new positions, sold out of 5, added to 54 and reduced 42. The biggest buy was Vanguard Mrngstar GR ETF-Sui (VUG, shares +27%) and the biggest sale iShares Core MSCI Emerging (IEMG, shares −22%).
- Most Recent 13F
- Q2 2026
- Location
- LEXINGTON, KY
- CIK
- 0001944877
- Portfolio Value
- $157.0M (Q4 2025)
- SEC Filing
- 0001944877-26-000001 ↗ filed Jan 28, 2026
Holdings Value
Holdings 111 stocks · $157.0M
| VOO Vanguard S&P 500 ETF | 11.65% | 29,163 | $18.3M | Reduce -2.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 7.50% | 24,146 | $11.8M | Add +27.2% |
| CAPITOL SER TR | 4.10% | 253,720 | $6.4M | Add +1.5% |
| IWY iShares Russell Top 200 Grow | 3.10% | 17,549 | $4.9M | Add +2.3% |
| IEMG iShares Core MSCI Emerging | 3.09% | 72,088 | $4.8M | Reduce -21.6% |
| DECU Allianzim US BF15 Uncap Dec | 3.05% | 174,571 | $4.8M | Add +0.4% |
| SIXO Allian US Equ 6 Mon BU10-Usd | 2.81% | 126,806 | $4.4M | Add +4.9% |
| DECT Allianzim US Eq BFFR10 DC-US | 2.32% | 99,442 | $3.6M | Reduce -1.0% |
| SEPT All US Equ BUF10 Sep ETF-Usd | 1.93% | 85,940 | $3.0M | Add +3.0% |
| IWX iShares Russell Top 200 Valu | 1.80% | 30,767 | $2.8M | Add +1.3% |
| QJUN FT Vest Nasdaq-100 Buffer Et | 1.77% | 87,246 | $2.8M | Reduce -6.5% |
| FJUN FT Vest US Equity Buff ETF-J | 1.68% | 46,095 | $2.6M | Reduce -2.4% |
| IDEV iShares Core MSCI Dev MKTS | 1.65% | 31,431 | $2.6M | Reduce -5.7% |
| FOCT FT Vest U.S. Equity Buffer E | 1.59% | 50,952 | $2.5M | Add +55.5% |
| ONEZ Trueshr Seasonality La B ETF | 1.43% | 86,364 | $2.2M | Add +3.9% |
| QDEC FT Vest Nasdaq-100 Buffer Et | 1.38% | 66,633 | $2.2M | Reduce -2.9% |
| ACWV iShares MSCI Global Min Vol | 1.30% | 17,134 | $2.0M | Add +1.1% |
| QBER Trueshares Quartly B HDG ETF | 1.29% | 84,272 | $2.0M | Reduce -7.2% |
| AGEM Abrdn Emerg MRKT DVD Act | 1.24% | 50,839 | $2.0M | New |
| DYNF Ishrs US E F R A ETF-Usd Inc. | 1.14% | 29,451 | $1.8M | Add +21.6% |
| AAPL Apple Inc. | 1.13% | 6,517 | $1.8M | Add +4.3% |
| FMAY FT Vest US Equity Buffer ETF | 1.13% | 33,122 | $1.8M | Add +0.5% |
| JULU Allianzim US BF15 Uncap Jul | 1.10% | 58,176 | $1.7M | Add +1.9% |
| EFV iShares MSCI Eafe Value ETF | 1.10% | 24,202 | $1.7M | Add +1.6% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 1.10% | 21,439 | $1.7M | Add +6.0% |
| FDEC FT Vest U.S. Equity Buffer E | 1.09% | 33,464 | $1.7M | Add +12.9% |
| FNOV FT Vest US Equity Buffer ETF | 1.04% | 29,786 | $1.6M | Add +2.9% |
| IVE iShares S&P 500 Value ETF | 1.04% | 7,676 | $1.6M | Add +75.7% |
| EFG iShares MSCI Eafe Growth ETF | 1.02% | 14,083 | $1.6M | Reduce -0.1% |
| QMAR FT Vest Nasdaq-100 Buffer Et | 1.01% | 48,234 | $1.6M | Reduce -7.5% |
| FJAN FT Vest U.S. Equity Buffer E | 1.00% | 30,338 | $1.6M | Reduce -8.2% |
| XLG Invesco S&P 500 Top 50 ETF | 0.99% | 26,330 | $1.6M | Reduce -2.3% |
| FSEP FT Vest U.S. Equity Buffer E | 0.99% | 30,069 | $1.6M | Add +1.0% |
| FJUL FT Vest US Equity Buffer ETF | 0.98% | 27,595 | $1.5M | Reduce -3.2% |
| IWS iShares Russell Mid-Cap Valu | 0.96% | 10,733 | $1.5M | Add +1.6% |
| IVW iShares S&P 500 Growth ETF | 0.94% | 11,923 | $1.5M | Add +20.7% |
| SEPZ Trueshares Struc Out Sep ETF | 0.89% | 33,210 | $1.4M | Add +1.3% |
| BILZ PIMCO Ultra SHRT Govt Active | 0.81% | 12,683 | $1.3M | Reduce -15.7% |
| FAUG FT Vest U.S. Equity Buffer E | 0.81% | 23,873 | $1.3M | Reduce -4.2% |
| FMAR FT Vest US Equity Buffer ETF | 0.80% | 26,613 | $1.3M | Reduce -19.3% |
| QSPT FT Vest Nasdaq-100 Buffer Et | 0.75% | 36,955 | $1.2M | Add +23.1% |
| OEF iShares S&P 100 ETF | 0.74% | 3,379 | $1.2M | Add +24.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.72% | 25,336 | $1.1M | Reduce -0.8% |
| SIXZ Allian US Equ 6 Mon BU10-Usd | 0.70% | 37,235 | $1.1M | No change |
| FFEB FT Vest US Equity Buffer ETF | 0.70% | 19,457 | $1.1M | Reduce -12.1% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.67% | 22,706 | $1.1M | Add +16.4% |
| QUAL iShares MSCI USA Quality Fac | 0.67% | 5,260 | $1.0M | Reduce -23.0% |
| GSEP FT Vest US Equity Moderate B | 0.65% | 26,478 | $1.0M | New |
| SPAB SS SPDR P Agg Bond ETF | 0.60% | 36,296 | $935K | Reduce -3.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 1,488 | $914K | Add +5.2% |
| MSFT Microsoft Corp. | 0.56% | 1,824 | $882K | Reduce -8.8% |
| NVDA Nvidia Corp. | 0.56% | 4,723 | $881K | Add +14.8% |
| SCHF Schwab Intl Equity ETF | 0.55% | 36,201 | $870K | Add +10.0% |
| GOCT FT Vest US Equity Moderate B | 0.53% | 21,370 | $840K | New |
| VGSH Vanguard Short-Term Treasury | 0.50% | 13,360 | $785K | Reduce -3.8% |
| VTWO Vanguard Russell 2000 ETF | 0.50% | 7,845 | $781K | Add +1.9% |
| MTUM iShares MSCI USA Momentum Fa | 0.47% | 2,955 | $740K | Add +54.5% |
| IVV iShares Core S&P 500 ETF | 0.46% | 1,064 | $729K | Add +0.5% |
| OCTM FT Vest US Eq Max Buf Oct | 0.43% | 20,569 | $672K | New |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 1,962 | $658K | Add +10.7% |
| BDEC Innovator U.S. Equity Buffer | 0.40% | 12,737 | $631K | Add +3.8% |
| FAPR FT Vest U.S. Equity Buffer E | 0.39% | 13,677 | $608K | Reduce -0.9% |
| WMT Walmart Inc. | 0.38% | 5,402 | $602K | Reduce -6.6% |
| BAI Ishrs AI in and Tech Act ETF | 0.38% | 18,005 | $600K | Add +24.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.38% | 2,796 | $592K | Add +3.4% |
| XLSR SS US Sector Rotation | 0.38% | 9,469 | $590K | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.37% | 859 | $586K | Reduce -1.5% |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | 0.37% | 2,071 | $578K | Add +171.8% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.37% | 21,667 | $574K | Reduce -3.3% |
| JANZ Trueshares Struct Outc Jan | 0.36% | 14,930 | $569K | New |
| THRO iShares U.S. Thematic Rotati | 0.36% | 14,599 | $563K | Add +23.7% |
| AMZN Amazon.com Inc. | 0.34% | 2,313 | $534K | Reduce -13.2% |
| TSLA Tesla Inc. | 0.33% | 1,153 | $518K | Add +19.9% |
| AOA iShares Core 80/20 Aggressiv | 0.33% | 5,782 | $518K | No change |
| IJR iShares Core S&P Small-Cap E | 0.32% | 4,231 | $509K | Reduce -0.1% |
| BND Vanguard Total Bond Market | 0.30% | 6,382 | $473K | Add +11.1% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 6,886 | $454K | Add +0.1% |
| VONV Vanguard Russell 1000 Value | 0.29% | 4,863 | $449K | Add +0.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.28% | 2,332 | $445K | New |
| GLDM SPDR Gold Minishares Trust | 0.27% | 5,034 | $430K | Add +11.2% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.27% | 3,242 | $427K | Add +1.4% |
| SPYV SS SPDR P S&P 500 Value ETF | 0.27% | 7,463 | $424K | Add +0.1% |
| SPYG SS SPDR P S&P 500 Growth ETF | 0.27% | 3,969 | $424K | Reduce -0.8% |
| VYM Vanguard High DVD Yield ETF | 0.26% | 2,791 | $401K | Add +4.1% |
| AVGO Broadcom Inc. | 0.25% | 1,128 | $391K | Reduce -4.2% |
| SHOP Shopify Inc. Class A | 0.24% | 2,353 | $379K | Reduce -5.0% |
| IWP iShares Russell Mid-Cap Grow | 0.22% | 2,564 | $351K | Add +5.4% |
| VXUS Vanguard Total Intl Stock | 0.21% | 4,339 | $327K | Add +17.1% |
| PGR Progressive Corp. | 0.21% | 1,425 | $325K | No change |
| GOOG Alphabet Inc. Class C | 0.20% | 1,025 | $322K | Reduce -14.7% |
| SHLD Global X Defense Tech ETF | 0.20% | 4,832 | $313K | Add +22.6% |
| DECZ Trueshares Struc Out Dec ETF | 0.19% | 7,434 | $299K | Add +5.5% |
| OCTU Allianzim US BF15 Uncap Oct | 0.18% | 10,186 | $290K | Add +2.1% |
| NVBU Allianzim US BF15 Uncap Nov | 0.18% | 9,895 | $286K | Add +2.0% |
| ABBV Abbvie Inc. | 0.18% | 1,248 | $285K | Reduce -9.6% |
| NDEC In Gro-100 PWR Buf ETF - Dec | 0.17% | 9,764 | $271K | Add +3.6% |
| MRK Merck & Co. Inc. | 0.17% | 2,518 | $265K | New |
| JPM JPMorgan Chase & Co. | 0.17% | 812 | $262K | Reduce -14.2% |
| MBB iShares MBS ETF | 0.17% | 2,722 | $259K | Reduce -4.8% |
| BNDX Vanguard Total Intl Bond ETF | 0.16% | 5,271 | $255K | New |
Portfolio Sells Q3 2025 → Q4 2025
| IEMG iShares Core MSCI Emerging | Reduce -21.6% | 3.09% | −1.07 |
| VOO Vanguard S&P 500 ETF | Reduce -2.6% | 11.65% | −0.92 |
| GJUL FT Vest US Equity Moderate B | Sold out | 0.00% | −0.65 |
| QBER Trueshares Quartly B HDG ETF | Reduce -7.2% | 1.29% | −0.25 |
| QUAL iShares MSCI USA Quality Fac | Reduce -23.0% | 0.67% | −0.25 |
| FMAR FT Vest US Equity Buffer ETF | Reduce -19.3% | 0.80% | −0.24 |
| BILZ PIMCO Ultra SHRT Govt Active | Reduce -15.7% | 0.81% | −0.23 |
| QJUN FT Vest Nasdaq-100 Buffer Et | Reduce -6.5% | 1.77% | −0.22 |
| IDEV iShares Core MSCI Dev MKTS | Reduce -5.7% | 1.65% | −0.18 |
| DECW Alianzim US Eq BFR20 Dec-Usd | Sold out | 0.00% | −0.15 |
| MSFT Microsoft Corp. | Reduce -8.8% | 0.56% | −0.15 |
| RTX RTX Corp. | Sold out | 0.00% | −0.15 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.14 |
| FJUN FT Vest US Equity Buff ETF-J | Reduce -2.4% | 1.68% | −0.14 |
| QMAR FT Vest Nasdaq-100 Buffer Et | Reduce -7.5% | 1.01% | −0.14 |
| FJAN FT Vest U.S. Equity Buffer E | Reduce -8.2% | 1.00% | −0.14 |
| FFEB FT Vest US Equity Buffer ETF | Reduce -12.1% | 0.70% | −0.14 |
| DECT Allianzim US Eq BFFR10 DC-US | Reduce -1.0% | 2.32% | −0.12 |
| HD Home Depot Inc. | Reduce -28.2% | 0.14% | −0.11 |
| FJUL FT Vest US Equity Buffer ETF | Reduce -3.2% | 0.98% | −0.09 |
| QDEC FT Vest Nasdaq-100 Buffer Et | Reduce -2.9% | 1.38% | −0.08 |
| FAUG FT Vest U.S. Equity Buffer E | Reduce -4.2% | 0.81% | −0.08 |
| EFG iShares MSCI Eafe Growth ETF | Reduce -0.1% | 1.02% | −0.08 |
| SPAB SS SPDR P Agg Bond ETF | Reduce -3.8% | 0.60% | −0.07 |
| NVDU Direxion Daily Nvda Bull 2X | Reduce -21.8% | 0.14% | −0.07 |
| XLG Invesco S&P 500 Top 50 ETF | Reduce -2.3% | 0.99% | −0.07 |
| AMZN Amazon.com Inc. | Reduce -13.2% | 0.34% | −0.06 |
| VGSH Vanguard Short-Term Treasury | Reduce -3.8% | 0.50% | −0.06 |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | Reduce -3.3% | 0.37% | −0.05 |
| BBAI Bigbear.ai Holdings Inc. | Sold out | 0.00% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -14.2% | 0.17% | −0.04 |
| ABBV Abbvie Inc. | Reduce -9.6% | 0.18% | −0.04 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.8% | 0.72% | −0.03 |
| XTEN Bondbloxx BBG 10Y US TSY ETF | Reduce -8.7% | 0.15% | −0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.5% | 0.37% | −0.03 |
| WMT Walmart Inc. | Reduce -6.6% | 0.38% | −0.03 |
| FAPR FT Vest U.S. Equity Buffer E | Reduce -0.9% | 0.39% | −0.02 |
| IDXX Idexx Laboratories Inc. | Reduce -12.3% | 0.14% | −0.02 |
| MBB iShares MBS ETF | Reduce -4.8% | 0.17% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.1% | 0.32% | −0.02 |
| XLSR SS US Sector Rotation | Reduce -2.5% | 0.38% | −0.02 |
| AVGO Broadcom Inc. | Reduce -4.2% | 0.25% | −0.02 |
| SPGI S&P Global Inc. | Reduce -11.5% | 0.13% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.8% | 0.27% | −0.02 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -2.8% | 0.15% | −0.01 |
| SHOP Shopify Inc. Class A | Reduce -5.0% | 0.24% | −0.01 |
| GOOG Alphabet Inc. Class C | Reduce -14.7% | 0.20% | +0.00 |
Portfolio Buys Q3 2025 → Q4 2025
| VUG Vanguard Mrngstar GR ETF-Sui | Add +27.2% | 7.50% | +1.26 |
| AGEM Abrdn Emerg MRKT DVD Act | New | 1.24% | +1.24 |
| GSEP FT Vest US Equity Moderate B | New | 0.65% | +0.65 |
| GOCT FT Vest US Equity Moderate B | New | 0.53% | +0.53 |
| FOCT FT Vest U.S. Equity Buffer E | Add +55.5% | 1.59% | +0.52 |
| OCTM FT Vest US Eq Max Buf Oct | New | 0.43% | +0.43 |
| IVE iShares S&P 500 Value ETF | Add +75.7% | 1.04% | +0.42 |
| JANZ Trueshares Struct Outc Jan | New | 0.36% | +0.36 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.28% | +0.28 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | Add +171.8% | 0.37% | +0.21 |
| MRK Merck & Co. Inc. | New | 0.17% | +0.17 |
| BNDX Vanguard Total Intl Bond ETF | New | 0.16% | +0.16 |
| DYNF Ishrs US E F R A ETF-Usd Inc. | Add +21.6% | 1.14% | +0.16 |
| GOOGL Alphabet Inc. Class A | New | 0.15% | +0.15 |
| STLD Steel Dynamics Inc. | New | 0.14% | +0.14 |
| FISR SS Fi Sector Rotation | New | 0.14% | +0.14 |
| MTUM iShares MSCI USA Momentum Fa | Add +54.5% | 0.47% | +0.13 |
| AVL Direx Dai Av Bull 2X ETF-Usd | New | 0.13% | +0.13 |
| IVW iShares S&P 500 Growth ETF | Add +20.7% | 0.94% | +0.12 |
| OEF iShares S&P 100 ETF | Add +24.1% | 0.74% | +0.12 |
| QSPT FT Vest Nasdaq-100 Buffer Et | Add +23.1% | 0.75% | +0.11 |
| FDEC FT Vest U.S. Equity Buffer E | Add +12.9% | 1.09% | +0.09 |
| THRO iShares U.S. Thematic Rotati | Add +23.7% | 0.36% | +0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Add +16.4% | 0.67% | +0.05 |
| BAI Ishrs AI in and Tech Act ETF | Add +24.3% | 0.38% | +0.04 |
| AAPL Apple Inc. | Add +4.3% | 1.13% | +0.04 |
| TSLA Tesla Inc. | Add +19.9% | 0.33% | +0.04 |
| GLDM SPDR Gold Minishares Trust | Add +11.2% | 0.27% | +0.04 |
| NVDA Nvidia Corp. | Add +14.8% | 0.56% | +0.03 |
| SCHF Schwab Intl Equity ETF | Add +10.0% | 0.55% | +0.03 |
| VXUS Vanguard Total Intl Stock | Add +17.1% | 0.21% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +10.7% | 0.42% | +0.02 |
| SHLD Global X Defense Tech ETF | Add +22.6% | 0.20% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Add +6.0% | 1.10% | +0.01 |
| BND Vanguard Total Bond Market | Add +11.1% | 0.30% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +5.2% | 0.58% | −0.00 |
| BDEC Innovator U.S. Equity Buffer | Add +3.8% | 0.40% | −0.00 |
| NDEC In Gro-100 PWR Buf ETF - Dec | Add +3.6% | 0.17% | −0.00 |
| PSEC Prospect Capital Corp. | Add +0.7% | 0.02% | −0.00 |
| VYM Vanguard High DVD Yield ETF | Add +4.1% | 0.26% | −0.00 |
| NVBU Allianzim US BF15 Uncap Nov | Add +2.0% | 0.18% | −0.01 |
| DECZ Trueshares Struc Out Dec ETF | Add +5.5% | 0.19% | −0.01 |
| OCTU Allianzim US BF15 Uncap Oct | Add +2.1% | 0.18% | −0.01 |
| EFV iShares MSCI Eafe Value ETF | Add +1.6% | 1.10% | −0.01 |
| FNOV FT Vest US Equity Buffer ETF | Add +2.9% | 1.04% | −0.01 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Add +3.4% | 0.38% | −0.01 |
| VONV Vanguard Russell 1000 Value | Add +0.8% | 0.29% | −0.01 |
| IJJ iShares S&P Mid-Cap 400 Valu | Add +1.4% | 0.27% | −0.01 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +0.1% | 0.27% | −0.01 |
| IWP iShares Russell Mid-Cap Grow | Add +5.4% | 0.22% | −0.01 |
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 |