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

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 Q2 2025 Q3 2025: $145.8M Q3 2025 Q4 2025: $157.0M $157.0M Q4 2025 Q1 2026: $157.4M Q1 2026 Q2 2026: $189.0M Q2 2026

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
IEFA iShares Core MSCI Eafe ETF 0.15% 2,640 $236K Reduce -2.8%
GOOGL Alphabet Inc. Class A 0.15% 745 $233K New
XTEN Bondbloxx BBG 10Y US TSY ETF 0.15% 4,929 $228K Reduce -8.7%
STLD Steel Dynamics Inc. 0.14% 1,336 $226K New
FISR SS Fi Sector Rotation 0.14% 8,565 $222K New
HD Home Depot Inc. 0.14% 637 $219K Reduce -28.2%
IDXX Idexx Laboratories Inc. 0.14% 320 $216K Reduce -12.3%
NVDU Direxion Daily Nvda Bull 2X 0.14% 1,828 $215K Reduce -21.8%
SPGI S&P Global Inc. 0.13% 385 $201K Reduce -11.5%
AVL Direx Dai Av Bull 2X ETF-Usd 0.13% 4,565 $201K New
PSEC Prospect Capital Corp. 0.02% 14,913 $39K Add +0.7%

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

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