FWL Investment Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), FWL Investment Management, LLC reported 501 stock positions worth $544.7 million. Its top holding was Micron Technology (MU) at 5.9% of the portfolio, followed by Alerian MLP ETF (AMLP, 4.8%) and Alphabet Class C (GOOG, 4.8%). Compared with Q1 2026, it opened 178 new positions, sold out of 23, added to 120 and reduced 87. The biggest buy was Eli Lilly (LLY, shares +1131%) and the biggest sale Medtronic (MDT, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001829231
- Portfolio Value
- $544.7M (Q2 2026)
- SEC Filing
- 0001999371-26-017927 ↗ filed Aug 14, 2026
Holdings Value
Holdings 501 stocks · $544.7M
| MU Micron Technology Inc. | 5.93% | 27,995 | $32.3M | Reduce -34.6% |
| AMLP Alerian MLP ETF | 4.79% | 503,526 | $26.1M | Add +6.2% |
| GOOG Alphabet Inc. Class C | 4.79% | 73,774 | $26.1M | Add +3.6% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 4.77% | 283,610 | $26.0M | Add +4.7% |
| LNG Cheniere Energy Inc. | 4.70% | 107,188 | $25.6M | Add +10.6% |
| NVDA Nvidia Corp. | 4.69% | 127,674 | $25.5M | Add +11.1% |
| WMB Williams Cos Inc. | 3.64% | 266,950 | $19.8M | Add +2.0% |
| LLY Eli Lilly & Co. | 3.49% | 15,864 | $19.0M | Add +1130.7% |
| LSTR Landstar System Inc. | 3.25% | 85,567 | $17.7M | Add +3.8% |
| ETR Entergy Corp. | 3.10% | 146,976 | $16.9M | Add +3.5% |
| XBI SS SPDR S&P Biotech ETF | 2.76% | 95,070 | $15.0M | Add +131941.7% |
| COPX Global X Copper Miners ETF | 2.74% | 194,128 | $14.9M | Add +5.6% |
| GLD SPDR Gold Shares | 2.69% | 39,722 | $14.6M | Add +1.0% |
| CCJ Cameco Corp. | 2.67% | 142,602 | $14.5M | Add +10.0% |
| GDX Vaneck Gold Miners ETF | 2.26% | 162,943 | $12.3M | Reduce -13.1% |
| AGNC AGNC Investment Corp. | 2.17% | 1,086,876 | $11.8M | Add +17.8% |
| QCOM Qualcomm Inc. | 2.06% | 60,707 | $11.2M | Add +33.5% |
| MSFT Microsoft Corp. | 1.93% | 28,144 | $10.5M | Reduce -24.0% |
| ENTG Entegris Inc. | 1.84% | 55,850 | $10.0M | New |
| EWY iShares MSCI South Korea ETF | 1.63% | 43,975 | $8.9M | Reduce -9.6% |
| IREN Iren Ltd. filed as IREN LIMITED | 1.51% | 179,936 | $8.2M | Add +10.8% |
| NVT Nvent Electric PLC | 1.40% | 44,938 | $7.6M | Add +6.3% |
| JCI Johnson Controls Internation | 1.30% | 48,526 | $7.1M | Add +417.3% |
| AAPL Apple Inc. | 1.27% | 23,948 | $6.9M | Reduce -1.6% |
| CACI Caci International Inc. Class A | 1.23% | 14,505 | $6.7M | Reduce -37.1% |
| CDNS Cadence Design SYS Inc. | 1.19% | 17,251 | $6.5M | Add +18857.1% |
| SLV iShares Silver Trust | 1.10% | 112,391 | $6.0M | Add +864.8% |
| AMZN Amazon.com Inc. | 1.08% | 24,617 | $5.9M | Reduce -0.2% |
| APTV Aptiv PLC | 1.04% | 92,346 | $5.7M | Add +80.7% |
| FANG Diamondback Energy Inc. | 1.03% | 31,851 | $5.6M | New |
| SHY iShares 1-3 Year Treasury Bo | 1.02% | 67,732 | $5.6M | Add +25.8% |
| CVX Chevron Corp. | 1.00% | 32,928 | $5.5M | Add +160.8% |
| TSLA Tesla Inc. | 0.99% | 12,817 | $5.4M | Add +13.2% |
| JPM JPMorgan Chase & Co. | 0.90% | 15,042 | $4.9M | Reduce -2.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.70% | 7,572 | $3.8M | Reduce -6.2% |
| URA Global X Uranium ETF | 0.67% | 83,522 | $3.6M | Add +26.3% |
| GS Goldman Sachs Group Inc. | 0.67% | 3,609 | $3.6M | Add +73.5% |
| WMT Walmart Inc. | 0.66% | 31,650 | $3.6M | Reduce -4.0% |
| SIL Global X Silver Miners ETF | 0.59% | 41,765 | $3.2M | Add +94.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.58% | 4,292 | $3.2M | Reduce -1.1% |
| CRCL Circle Internet Group Inc. | 0.55% | 47,687 | $3.0M | Reduce -8.4% |
| COST Costco Wholesale Corp. | 0.50% | 2,893 | $2.7M | Reduce -3.3% |
| GOOGL Alphabet Inc. Class A | 0.49% | 7,427 | $2.7M | Add +4.0% |
| QTEC First Trust Nasdq 100 Tech I | 0.47% | 7,621 | $2.6M | Add +0.1% |
| MDT Medtronic PLC | 0.46% | 32,316 | $2.5M | Reduce -84.3% |
| V Visa Inc. Class A | 0.46% | 7,237 | $2.5M | Reduce -2.4% |
| BOTZ Global X Robotics & Artifici | 0.45% | 63,928 | $2.4M | New |
| KTOS Kratos Defense & Security | 0.44% | 47,737 | $2.4M | Reduce -29.5% |
| PLTR Palantir Technologies Inc. Class A | 0.40% | 18,808 | $2.2M | Add +4.1% |
| GD General Dynamics Corp. | 0.34% | 5,212 | $1.8M | Reduce -3.9% |
| SCHW Schwab (charles) Corp. | 0.30% | 17,504 | $1.6M | Reduce -14.4% |
| AMGN Amgen Inc. | 0.30% | 4,439 | $1.6M | Reduce -3.1% |
| FPEI First Trust Institutional PR | 0.25% | 70,800 | $1.4M | Reduce -3.4% |
| MRVL Marvell Technology Inc. | 0.25% | 4,542 | $1.4M | Add +170.0% |
| IAU iShares Gold Trust | 0.25% | 17,840 | $1.3M | Reduce -6.5% |
| APD Air Products & Chemicals Inc. | 0.25% | 4,568 | $1.3M | Reduce -6.3% |
| IWF iShares Russell 1000 Growth | 0.24% | 10,700 | $1.3M | No change |
| MLPA Global X MLP ETF | 0.24% | 24,208 | $1.3M | Reduce -0.7% |
| ABBV Abbvie Inc. | 0.23% | 5,047 | $1.3M | Add +3.7% |
| VST Vistra Corp. | 0.23% | 7,994 | $1.3M | Add +3653.1% |
| IVV iShares Core S&P 500 ETF | 0.22% | 1,568 | $1.2M | Reduce -1.9% |
| NLY Annaly Capital Management Inc. | 0.20% | 49,794 | $1.1M | Add +51.7% |
| PFF iShares Preferred & Income S | 0.19% | 33,278 | $1.0M | Add +15.9% |
| QQQM Invesco Nasdaq 100 ETF | 0.17% | 3,084 | $934K | Reduce -11.6% |
| AZN Astrazeneca PLC | 0.16% | 4,601 | $872K | Add +2.1% |
| PM Philip Morris International | 0.16% | 4,717 | $853K | Add +0.6% |
| AEP American Electric Power | 0.15% | 6,005 | $822K | Add +0.1% |
| AXP American Express Co. | 0.15% | 2,376 | $804K | Add +2.1% |
| KO The Coca-Cola Co. | 0.15% | 9,792 | $796K | Add +6.7% |
| JNJ Johnson & Johnson | 0.13% | 2,809 | $713K | Add +4.9% |
| CAH Cardinal Health Inc. | 0.13% | 3,000 | $713K | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.13% | 15,444 | $700K | Add +3.2% |
| VGT Vanguard Info Tech ETF | 0.13% | 5,714 | $683K | Reduce -6.1% |
| ROST Ross Stores Inc. | 0.13% | 3,200 | $681K | No change |
| AVGO Broadcom Inc. | 0.12% | 1,790 | $676K | Add +11.6% |
| RTX RTX Corp. | 0.12% | 3,368 | $639K | Add +1.8% |
| GRID First TRST Nasd Class Edg Sgiif | 0.11% | 3,253 | $624K | Add +6.5% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.11% | 7,200 | $620K | No change |
| SAP Sap SE-Sponsored ADR | 0.11% | 3,910 | $603K | No change |
| WEC WEC Energy Group Inc. | 0.11% | 5,000 | $584K | No change |
| HD Home Depot Inc. | 0.11% | 1,630 | $575K | Reduce -7.0% |
| TEL Te Connectivity PLC | 0.10% | 2,741 | $553K | Reduce -0.6% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.10% | 2,407 | $525K | Add +2.4% |
| COWZ Pacer US Cash Cows 100 ETF | 0.10% | 8,428 | $524K | Reduce -9.6% |
| MGM MGM Resorts International | 0.08% | 9,338 | $446K | New |
| ONEQ Fidelity Nasdaq Comp Indx | 0.08% | 4,318 | $446K | Reduce -3.5% |
| BLK BlackRock Inc. | 0.08% | 441 | $424K | Add +0.2% |
| EDV Vanguard Extended Dur Treas | 0.07% | 6,064 | $395K | Add +23.1% |
| WTW Willis Towers Watson PLC | 0.07% | 1,480 | $387K | Reduce -27.6% |
| AGI Alamos Gold Inc. Class A | 0.07% | 12,507 | $379K | Reduce -25.1% |
| SPGI S&P Global Inc. | 0.06% | 850 | $346K | No change |
| TLN Talen Energy Corp. | 0.06% | 873 | $335K | New |
| XLK SS Technology Select Sector | 0.06% | 1,754 | $334K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.05% | 616 | $294K | Add +49.1% |
| MMM 3M Co. | 0.05% | 1,805 | $292K | No change |
| CSCO Cisco Systems Inc. | 0.05% | 2,488 | $292K | Add +23.0% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.05% | 11,000 | $289K | Add +10.0% |
| FQAL Fidelity Quality Factor ETF | 0.05% | 3,452 | $281K | Reduce -2.7% |
| PG The Procter & Gamble Co. | 0.05% | 1,883 | $276K | Reduce -21.5% |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 1,244 | $273K | Reduce -3.9% |
Portfolio Sells Q1 2026 → Q2 2026
| MDT Medtronic PLC | Reduce -84.3% | 0.46% | −3.46 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -99.5% | 0.01% | −2.25 |
| URI United Rentals Inc. | Reduce -99.8% | 0.00% | −1.58 |
| CACI Caci International Inc. Class A | Reduce -37.1% | 1.23% | −1.52 |
| GDX Vaneck Gold Miners ETF | Reduce -13.1% | 2.26% | −1.52 |
| MSFT Microsoft Corp. | Reduce -24.0% | 1.93% | −1.08 |
| KTOS Kratos Defense & Security | Reduce -29.5% | 0.44% | −0.61 |
| CRCL Circle Internet Group Inc. | Reduce -8.4% | 0.55% | −0.54 |
| WMT Walmart Inc. | Reduce -4.0% | 0.66% | −0.24 |
| COST Costco Wholesale Corp. | Reduce -3.3% | 0.50% | −0.16 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -6.2% | 0.70% | −0.15 |
| DE Deere & Co. | Sold out | 0.00% | −0.15 |
| SCHW Schwab (charles) Corp. | Reduce -14.4% | 0.30% | −0.13 |
| IAU iShares Gold Trust | Reduce -6.5% | 0.25% | −0.12 |
| DGX Quest Diagnostics Inc. | Reduce -99.3% | 0.00% | −0.11 |
| AGI Alamos Gold Inc. Class A | Reduce -25.1% | 0.07% | −0.09 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 0.90% | −0.09 |
| AAPL Apple Inc. | Reduce -1.6% | 1.27% | −0.08 |
| INDA iShares MSCI India ETF | Reduce -93.2% | 0.01% | −0.08 |
| GD General Dynamics Corp. | Reduce -3.9% | 0.34% | −0.07 |
| SKYY First Trust Cloud Computing | Reduce -98.6% | 0.00% | −0.07 |
| APD Air Products & Chemicals Inc. | Reduce -6.3% | 0.25% | −0.06 |
| WTW Willis Towers Watson PLC | Reduce -27.6% | 0.07% | −0.06 |
| AMGN Amgen Inc. | Reduce -3.1% | 0.30% | −0.06 |
| FPEI First Trust Institutional PR | Reduce -3.4% | 0.25% | −0.05 |
| MLPA Global X MLP ETF | Reduce -0.7% | 0.24% | −0.05 |
| AMZN Amazon.com Inc. | Reduce -0.2% | 1.08% | −0.05 |
| HACK Amplify Cybersecurity ETF | Reduce -96.8% | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -2.4% | 0.46% | −0.04 |
| PSLV Sprott Physical Silver Trust | Sold out | 0.00% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -9.6% | 0.10% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -21.5% | 0.05% | −0.03 |
| TEL Te Connectivity PLC | Reduce -0.6% | 0.10% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -35.2% | 0.03% | −0.02 |
| HD Home Depot Inc. | Reduce -7.0% | 0.11% | −0.02 |
| MRK Merck & Co. Inc. | Reduce -42.2% | 0.02% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -79.0% | 0.00% | −0.02 |
| REM iShares Mortgage Real Estate | Reduce -14.6% | 0.05% | −0.02 |
| KSA Ishrs MSCI Saudi Arabia ETF | Reduce -88.6% | 0.00% | −0.02 |
| XOM Exxonmobil Holdings Corp. | Reduce -5.0% | 0.03% | −0.02 |
| IVV iShares Core S&P 500 ETF | Reduce -1.9% | 0.22% | −0.01 |
| TOTL SS Doubleline TR Tact ETF | Reduce -3.9% | 0.04% | −0.01 |
| QQQM Invesco Nasdaq 100 ETF | Reduce -11.6% | 0.17% | −0.01 |
| GEHC GE Healthcare Technology | Reduce -52.3% | 0.01% | −0.01 |
| GLDM SPDR Gold Minishares Trust | Reduce -11.3% | 0.02% | −0.01 |
| SE Sea Ltd.-ADR | Reduce -88.3% | 0.00% | −0.01 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -77.5% | 0.00% | −0.01 |
| NEE Nextera Energy Inc. | Reduce -0.8% | 0.03% | −0.01 |
| ICE Intercontinental Exchange Inc. | Reduce -15.9% | 0.01% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| LLY Eli Lilly & Co. | Add +1130.7% | 3.49% | +3.23 |
| XBI SS SPDR S&P Biotech ETF | Add +131941.7% | 2.76% | +2.76 |
| ENTG Entegris Inc. | New | 1.84% | +1.84 |
| CDNS Cadence Design SYS Inc. | Add +18857.1% | 1.19% | +1.18 |
| JCI Johnson Controls Internation | Add +417.3% | 1.30% | +1.03 |
| FANG Diamondback Energy Inc. | New | 1.03% | +1.03 |
| SLV iShares Silver Trust | Add +864.8% | 1.10% | +0.93 |
| QCOM Qualcomm Inc. | Add +33.5% | 2.06% | +0.77 |
| BOTZ Global X Robotics & Artifici | New | 0.45% | +0.45 |
| CVX Chevron Corp. | Add +160.8% | 1.00% | +0.43 |
| LSTR Landstar System Inc. | Add +3.8% | 3.25% | +0.35 |
| GOOG Alphabet Inc. Class C | Add +3.6% | 4.79% | +0.30 |
| NVT Nvent Electric PLC | Add +6.3% | 1.40% | +0.30 |
| NVDA Nvidia Corp. | Add +11.1% | 4.69% | +0.29 |
| IREN Iren Ltd. | Add +10.8% | 1.51% | +0.29 |
| GS Goldman Sachs Group Inc. | Add +73.5% | 0.67% | +0.28 |
| APTV Aptiv PLC | Add +80.7% | 1.04% | +0.26 |
| VST Vistra Corp. | Add +3653.1% | 0.23% | +0.23 |
| MRVL Marvell Technology Inc. | Add +170.0% | 0.25% | +0.21 |
| SIL Global X Silver Miners ETF | Add +94.6% | 0.59% | +0.17 |
| AGNC AGNC Investment Corp. | Add +17.8% | 2.17% | +0.14 |
| QTEC First Trust Nasdq 100 Tech I | Add +0.1% | 0.47% | +0.11 |
| MGM MGM Resorts International | New | 0.08% | +0.08 |
| TSLA Tesla Inc. | Add +13.2% | 0.99% | +0.07 |
| TLN Talen Energy Corp. | New | 0.06% | +0.06 |
| NLY Annaly Capital Management Inc. | Add +51.7% | 0.20% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | Add +25.8% | 1.02% | +0.04 |
| ORCL Oracle Corp. | Add +1658.2% | 0.05% | +0.04 |
| TRGP Targa Resources Corp. | New | 0.04% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +4.0% | 0.49% | +0.04 |
| MP MP Materials Corp. | Add +791.5% | 0.04% | +0.03 |
| SCHG Schwab US Large-Cap Growth | New | 0.02% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +49.1% | 0.05% | +0.02 |
| TFLO iShares Treasury Floating Ra | New | 0.02% | +0.02 |
| SOXX iShares Semiconductor ETF | Add +2728.6% | 0.02% | +0.02 |
| COR Cencora Inc. | New | 0.02% | +0.02 |
| IYT iShares US Transportation Et | New | 0.02% | +0.02 |
| CAT Caterpillar Inc. | New | 0.02% | +0.02 |
| CSCO Cisco Systems Inc. | Add +23.0% | 0.05% | +0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | New | 0.02% | +0.02 |
| XLI SS Industrial Select Sector | Add +168.4% | 0.03% | +0.02 |
| SCHO Schwab Short-Term US Treas | New | 0.02% | +0.02 |
| ARKF ARK Blockchain & Fintech Inn | New | 0.02% | +0.02 |
| XLE SS Energy Select Sector | Add +411.2% | 0.02% | +0.02 |
| WPM Wheaton Precious Metals Corp. | New | 0.02% | +0.02 |
| XLV SS Health Care Select Sector | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | Add +11.6% | 0.12% | +0.02 |
| AMAT Applied Materials Inc. | Add +53.6% | 0.02% | +0.01 |
| USDU Wisdomtree BBG Usd Bullish | New | 0.01% | +0.01 |
| CSQ Calamos Strat TTL RTRN FND | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 501 | $544.7M | MU, AMLP, GOOG, BIL, LNG |
| Q1 2026 | 346 | $455.6M | LNG, AMLP, BIL, GOOG, NVDA |
| Q4 2025 | 365 | $415.7M | GOOG, GDX, AMLP, MSFT, GLD |
| Q3 2025 | 332 | $383.6M | GDX, ORCL, GOOG, LNG, MSFT |
| Q2 2025 | 325 | $326.8M | ORCL, MSFT, LNG, BIL, GOOG |
| Q1 2025 | 289 | $269.2M | LNG, GDX, GLD, GOOG, AMLP |
| Q4 2024 | 309 | $274.8M | GOOG, MSFT, IHI, GDX, LNG |
| Q3 2024 | 297 | $261.1M | MSFT, GDX, GOOG, XBI, IHI |
| Q2 2024 | 239 | $198.3M | GDX, MSFT, GOOG, IHI, XBI |
| Q1 2024 | 230 | $181.5M | MSFT, IHI, GDX, AGNC, GOOG |