FWL Investment Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), FWL Investment Management, LLC reported 309 stock positions worth $274.8 million. Its top holding was Alphabet Class C (GOOG) at 5.2% of the portfolio, followed by Microsoft (MSFT, 4.8%) and iShares U.S. Medical Devices (IHI, 4.3%). Compared with Q3 2024, it opened 37 new positions, sold out of 25, added to 80 and reduced 53. The biggest buy was Cyberark Software Ltd./Israel (CYBR, shares +29%) and the biggest sale SS SPDR S&P Biotech ETF (XBI, shares −95%).

Most Recent 13F
Q2 2026
Location
Dallas, TX
CIK
0001829231
Portfolio Value
$274.8M (Q4 2024)
SEC Filing
0001839882-25-009026 ↗ filed Feb 14, 2025

Holdings Value

0$200.0M$400.0M$600.0M Q1 2024: $181.5M Q1 2024 Q2 2024: $198.3M Q2 2024 Q3 2024: $261.1M Q3 2024 Q4 2024: $274.8M $274.8M Q4 2024 Q1 2025: $269.2M Q1 2025 Q2 2025: $326.8M Q2 2025 Q3 2025: $383.6M Q3 2025 Q4 2025: $415.7M Q4 2025 Q1 2026: $455.6M Q1 2026 Q2 2026: $544.7M Q2 2026

Holdings 309 stocks · $274.8M
GOOG Alphabet Inc. Class C 5.23% 75,402 $14.4M Add +3.1%
MSFT Microsoft Corp. 4.83% 31,462 $13.3M Add +3.4%
IHI iShares U.S. Medical Devices 4.26% 200,465 $11.7M Add +3.5%
GDX Vaneck Gold Miners ETF 4.15% 336,262 $11.4M Add +3.8%
LNG Cheniere Energy Inc. 3.90% 49,887 $10.7M Add +1.0%
AMLP Alerian MLP ETF 3.80% 216,907 $10.4M Add +37.5%
GLD SPDR Gold Shares 3.72% 42,270 $10.2M Add +22.0%
CYBR Cyberark Software Ltd./Israel 3.65% 30,078 $10.0M Add +29.4%
ORCL Oracle Corp. 3.33% 54,944 $9.2M Add +0.6%
LMT Lockheed Martin Corp. 3.20% 18,104 $8.8M Add +5.7%
NVDA Nvidia Corp. 3.17% 64,857 $8.7M Add +25.0%
IBN Icici Bank Ltd.-Spon ADR 3.02% 277,784 $8.3M Add +1.8%
WMB Williams Cos Inc. 2.90% 147,205 $8.0M Add +1.6%
AAPL Apple Inc. 2.85% 31,262 $7.8M Add +1.3%
DDOG Datadog Inc. Class A 2.84% 54,704 $7.8M Add +6.8%
ETN Eaton Corp. PLC 2.76% 22,852 $7.6M Add +7.8%
INDA iShares MSCI India ETF 2.66% 138,634 $7.3M Add +0.9%
AMZN Amazon.com Inc. 2.36% 29,579 $6.5M Add +48.7%
CCJ Cameco Corp. 1.99% 106,596 $5.5M Add +5.4%
BIL SS SPDR BB 1-3M T-Bill ETF 1.87% 56,286 $5.1M Add +68.5%
QQQ Invesco QQQ Trust Series 1 1.78% 9,549 $4.9M Add +7.5%
AGNC AGNC Investment Corp. 1.75% 523,521 $4.8M Reduce -38.4%
EMR Emerson Electric Co. 1.64% 36,320 $4.5M Reduce -0.8%
BRK.B Berkshire Hathaway Inc. Class B 1.44% 8,699 $3.9M Add +3.1%
JPM JPMorgan Chase & Co. 1.32% 15,144 $3.6M Add +2.7%
WMT Walmart Inc. 1.30% 39,557 $3.6M Reduce -1.1%
HD Home Depot Inc. 1.11% 7,829 $3.0M Add +5.6%
COST Costco Wholesale Corp. 1.03% 3,084 $2.8M Add +7.2%
URA Global X Uranium ETF 0.98% 100,391 $2.7M Add +820.9%
IREN Iren Ltd. filed as IREN LIMITED 0.85% 238,526 $2.3M New
UNH Unitedhealth Group Inc. 0.78% 4,211 $2.1M Add +3.8%
NLR Vaneck Urani & Nuclr ETF-Usd 0.77% 26,032 $2.1M New
ACN Accenture PLC Class A 0.73% 5,724 $2.0M Add +5.5%
V Visa Inc. Class A 0.73% 6,344 $2.0M Add +0.5%
CB Chubb Ltd. 0.68% 6,718 $1.9M Add +5.4%
MCD McDonald's Corp. 0.65% 6,173 $1.8M Add +0.8%
PG The Procter & Gamble Co. 0.64% 10,449 $1.8M Add +8.7%
APD Air Products & Chemicals Inc. 0.61% 5,734 $1.7M Add +5.5%
IVV iShares Core S&P 500 ETF 0.60% 2,794 $1.6M Reduce -10.4%
QTEC First Trust Nasdq 100 Tech I 0.57% 8,284 $1.6M Add +10.8%
GD General Dynamics Corp. 0.56% 5,810 $1.5M Add +7.4%
IWF iShares Russell 1000 Growth 0.55% 3,775 $1.5M No change
MRK Merck & Co. Inc. 0.54% 14,961 $1.5M Add +3.6%
JNJ Johnson & Johnson 0.53% 10,070 $1.5M Reduce -1.0%
IAU iShares Gold Trust 0.51% 28,266 $1.4M No change
FPEI First Trust Institutional PR 0.51% 74,829 $1.4M Add +4.6%
PEP Pepsico Inc. 0.48% 8,639 $1.3M Add +3.0%
QQQM Invesco Nasdaq 100 ETF 0.48% 6,223 $1.3M Add +0.3%
AMGN Amgen Inc. 0.45% 4,790 $1.2M Add +9.9%
MU Micron Technology Inc. 0.43% 13,976 $1.2M Reduce -72.2%
GOOGL Alphabet Inc. Class A 0.40% 5,803 $1.1M Reduce -1.3%
VRT Vertiv Holdings Co. Class A 0.38% 9,225 $1.0M Add +5.8%
PLTR Palantir Technologies Inc. Class A 0.33% 12,108 $916K Add +33.9%
ONEQ Fidelity Nasdaq Comp Indx 0.28% 10,227 $778K Reduce -13.0%
KTOS Kratos Defense & Security 0.24% 24,621 $650K Add +13.2%
SHY iShares 1-3 Year Treasury Bo 0.23% 7,808 $640K Add +514.8%
ITRI Itron Inc. 0.23% 5,894 $640K Add +13.1%
XBI SS SPDR S&P Biotech ETF 0.21% 6,513 $587K Reduce -94.6%
FQAL Fidelity Quality Factor ETF 0.20% 8,396 $549K Reduce -13.5%
VUG Vanguard Mrngstar GR ETF-Sui 0.18% 1,200 $493K No change
DGRO iShares Core Dividend Growth 0.17% 7,739 $475K Reduce -15.3%
NLY Annaly Capital Management Inc. 0.17% 25,579 $468K Add +225.8%
SCHW Schwab (charles) Corp. 0.17% 6,310 $467K Add +28.4%
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 2,730 $462K Add +2.2%
VGT Vanguard Info Tech ETF 0.16% 697 $433K Add +2078.1%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.15% 5,534 $419K Add +8.3%
COWZ Pacer US Cash Cows 100 ETF 0.14% 6,999 $395K Add +27.0%
QUAL iShares MSCI USA Quality Fac 0.10% 1,572 $280K No change
REM iShares Mortgage Real Estate 0.10% 13,062 $279K Add +1031.9%
EDV Vanguard Extended Dur Treas 0.10% 3,971 $269K Reduce -29.4%
EXPE Expedia Group Inc. 0.09% 1,340 $250K No change
FLG Flagstar Bank NA 0.09% 25,260 $236K New
VONG Vanguard Russell 1000 Growth 0.09% 2,274 $235K No change
FCX Freeport-McMoran Inc. 0.09% 6,158 $234K Reduce -16.5%
XLK SS Technology Select Sector 0.08% 987 $229K No change
ABBV Abbvie Inc. 0.08% 1,263 $224K Add +13.5%
PFF iShares Preferred & Income S 0.08% 6,822 $214K Reduce -26.5%
GRID First TRST Nasd Class Edg Sgiif 0.08% 1,769 $211K Add +101.0%
SKYY First Trust Cloud Computing 0.08% 1,765 $210K Add +387.6%
EPI Wisdomtree India Earnings 0.07% 4,518 $205K Add +418.7%
SCHX Schwab US Large-Cap ETF 0.07% 8,805 $204K Reduce -0.2%
TSLA Tesla Inc. 0.07% 504 $204K Reduce -6.5%
FTCS First Trust Capital Strength 0.07% 2,234 $196K No change
AGG iShares Core U.S. Aggregate 0.07% 2,022 $196K Reduce -5.3%
MLPA Global X MLP ETF 0.07% 3,773 $186K Add +221.7%
XMUIX BlackRock Municipal Income 0.06% 13,944 $169K Reduce -42.3%
OKE Oneok Inc. 0.06% 1,607 $161K No change
IWR iShares Russell Mid-Cap ETF 0.06% 1,809 $160K No change
IYF iShares US Financials ETF 0.06% 1,433 $158K New
AMD Advanced Micro Devices 0.06% 1,307 $158K Reduce -67.5%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.06% 2,691 $157K New
DFS Discover Financial Services 0.06% 905 $157K No change
VCR Vanguard Consumer Discre ETF 0.06% 417 $157K Add +751.0%
AVGO Broadcom Inc. 0.06% 670 $155K No change
KMI Kinder Morgan Inc. 0.06% 5,645 $155K No change
EWJ iShares MSCI Japan ETF 0.06% 2,295 $154K Add +222.3%
XLV SS Health Care Select Sector 0.05% 1,091 $150K Add +1354.7%
CRM Salesforce Inc. 0.05% 410 $137K Add +32.3%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 528 $134K No change
DVY iShares Select Dividend ETF 0.05% 1,015 $133K No change
HACK Amplify Cybersecurity ETF 0.05% 1,762 $131K Add +438.8%
IJR iShares Core S&P Small-Cap E 0.05% 1,095 $126K Reduce -9.7%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 215 $126K Add +186.7%
AMT American Tower Corp. 0.04% 671 $123K New
CSCO Cisco Systems Inc. 0.04% 1,958 $116K No change
PGX Invesco Preferred ETF 0.04% 10,000 $115K New
MLPX Global X MLP & Energy Infras 0.04% 1,850 $112K No change
SOXQ Invesco PHLX Semiconductor 0.04% 2,593 $102K Add +51760.0%
SDVY First Trust Smid Cap Rising 0.04% 2,829 $101K Reduce -92.2%
PAVE Global X US Infrastructure 0.04% 2,498 $101K Add +11795.2%
CMS CMS Energy Corp. 0.04% 1,500 $100K Reduce -21.1%
XLF SS Financial Select Sector 0.04% 2,051 $99K Add +12718.8%
NEE Nextera Energy Inc. 0.04% 1,376 $99K No change
XAR SS SPDR S&P Aerospace Def 0.04% 584 $97K Add +317.1%
LLY Eli Lilly & Co. 0.03% 124 $96K No change
PWR Quanta Services Inc. 0.03% 302 $95K Add +364.6%
META Meta Platforms Inc. Class A 0.03% 159 $93K Add +65.6%
VST Vistra Corp. 0.03% 665 $92K New
AXP American Express Co. 0.03% 300 $89K No change
TDG Transdigm Group Inc. 0.03% 70 $89K No change
COPX Global X Copper Miners ETF 0.03% 2,220 $85K Add +13775.0%
FDHY Fidelity Enh Hi YLD ETF 0.03% 1,740 $84K Reduce -15.3%
UBER Uber Technologies Inc. 0.03% 1,388 $84K No change
GLDM SPDR Gold Minishares Trust 0.03% 1,600 $83K New
SDY SS SPDR S&P Dividend ETF 0.03% 609 $80K No change
IMTM iShares MSCI Intl Momentum F 0.03% 2,116 $79K No change
SPHQ Invesco S&P 500 Quality ETF 0.03% 1,165 $78K No change
LOW Lowe's Cos Inc. 0.03% 310 $76K No change
D Dominion Energy Inc. 0.03% 1,390 $75K Reduce -35.0%
TOTL SS Doubleline TR Tact ETF 0.03% 1,812 $71K Add +3.1%
MA Mastercard Inc. Class A 0.03% 134 $71K Reduce -11.3%
VGLT Vanguard Long-Term Treasury 0.03% 1,258 $70K No change
VFH Vanguard Financials ETF 0.02% 574 $68K Add +239.6%
XLP SS Consumer Staples Sel Sect 0.02% 859 $68K New
ICE Intercontinental Exchange Inc. 0.02% 450 $67K No change
VIS Vanguard Industrials ETF 0.02% 254 $65K Add +262.9%
APO Apollo Global Management Inc. 0.02% 381 $63K No change
TMO Thermo Fisher Scientific Inc. 0.02% 120 $62K No change
VOO Vanguard S&P 500 ETF 0.02% 115 $62K New
XOM Exxon Mobil Corp. 0.02% 565 $61K No change
FMHI First Trust Municipal High I 0.02% 1,171 $57K No change
RSPT Invesco S&P 500 Equal Weight 0.02% 1,500 $56K No change
SHOP Shopify Inc. Class A 0.02% 525 $56K New
PLD Prologis Inc. 0.02% 528 $56K No change
SYK Stryker Corp. 0.02% 150 $54K No change
CLOI Vaneck Clo ETF 0.02% 990 $52K New
IWV iShares Russell 3000 ETF 0.02% 151 $50K No change
MBSF Regan Floating Rate MBS ETF 0.02% 1,950 $50K New
VOX Vanguard Communication Servi 0.02% 319 $49K Add +132.8%
IYE iShares U.S. Energy ETF 0.02% 1,055 $48K New
VTI VG Morningstar TS MKT ETF-US 0.02% 153 $44K No change
PSA Public Storage 0.02% 144 $43K Reduce -7.1%
IJH iShares Core S&P Midcap ETF 0.02% 665 $41K No change
MELI MercadoLibre Inc. 0.01% 24 $41K New
TSM Taiwan Semiconductor-SP ADR 0.01% 200 $39K Add +23.5%
URI United Rentals Inc. 0.01% 56 $39K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 457 $39K No change
POOL Pool Corp. 0.01% 115 $39K New
IYC iShares US Consumer Discreti 0.01% 400 $38K No change
ABT Abbott Laboratories 0.01% 334 $38K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 735 $38K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.01% 348 $37K Reduce -1.4%
DWAS Invesco Dorsey Wright Smallc 0.01% 404 $37K No change
TRV The Travelers Cos Inc. 0.01% 150 $36K No change
CALF PCR US SM CP CSH CWS ETF-Usd 0.01% 820 $36K No change
DUK Duke Energy Corp. 0.01% 324 $35K No change
PNC PNC Financial Services Group 0.01% 180 $35K No change
BLDR Builders Firstsource Inc. 0.01% 239 $34K No change
PECO Phillips Edison & Company Inc. 0.01% 900 $34K No change
ADBE Adobe Inc. 0.01% 75 $33K Reduce -16.7%
TLT iShares 20+ Year Treasury BD 0.01% 375 $33K Reduce -82.3%
MFC Manulife Financial Corp. 0.01% 1,066 $33K No change
EW Edwards Lifesciences Corp. 0.01% 440 $33K Reduce -18.5%
SFM Sprouts Farmers Market Inc. 0.01% 247 $31K No change
BA The Boeing Co. 0.01% 177 $31K No change
ICLN iShares Global Clean Energy 0.01% 2,690 $31K Reduce -8.5%
SHAK Shake Shack Inc. Class A 0.01% 225 $29K Reduce -10.0%
MPC Marathon Petroleum Corp. 0.01% 209 $29K No change
OEF iShares S&P 100 ETF 0.01% 100 $29K No change
WGMI CS BTC Min Dig PWR ETF 0.01% 1,300 $29K New
SO The Southern Co. 0.01% 350 $29K No change
T AT&T Inc. 0.01% 1,248 $28K No change
XLB SS Materials Select Sector 0.01% 336 $28K New
SGDM Sprott Gold Miners ETF 0.01% 1,000 $28K New
BBCB JPMorgan Betabuilders Usd Inc. 0.01% 612 $27K Add +6.4%
CDNS Cadence Design SYS Inc. 0.01% 91 $27K No change
FDN First Trust DJ Internet Ind 0.01% 111 $27K No change
XLRE SS Real Estate Select Sector 0.01% 648 $26K New
CTAS Cintas Corp. 0.01% 140 $26K No change
ITW Illinois Tool Works 0.01% 100 $25K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 110 $24K Reduce -12.0%
VRTX Vertex Pharmaceuticals Inc. 0.01% 60 $24K No change
VGSH Vanguard Short-Term Treasury 0.01% 414 $24K No change
HLI Houlihan Lokey Inc. 0.01% 138 $24K No change
PSX Phillips 66 0.01% 200 $23K No change
SOXX iShares Semiconductor ETF 0.01% 105 $23K Add +72.1%
TGT Target Corp. 0.01% 167 $23K No change
INFY Infosys Ltd.-SP ADR 0.01% 1,003 $22K Reduce -33.3%
PANW Palo Alto Networks Inc. 0.01% 120 $22K No change
GNRC Generac Holdings Inc. 0.01% 140 $22K No change
FNDF Schwab Fndmn Intl LRG Co. ETF 0.01% 634 $21K No change
IYK iShares US Consumer Staples 0.01% 300 $20K No change
CW Curtiss-Wright Corp. 0.01% 55 $20K No change
XLE SS Energy Select Sector 0.01% 223 $19K Reduce -8.2%
SPTM SS SPDR P S&P 1500 Comp ETF 0.01% 262 $19K No change
ACM Aecom 0.01% 175 $19K No change
RCL Royal Caribbean Cruises Ltd. 0.01% 81 $19K No change
JMOM JPMorgan US Momentum Factor 0.01% 314 $18K No change
AMAT Applied Materials Inc. 0.01% 112 $18K No change
HCA HCA Healthcare Inc. 0.01% 60 $18K No change
ENVX Enovix Corp. 0.01% 1,650 $18K No change
CEG Constellation Energy 0.01% 80 $18K New
AVLV Avantis US Large Cap Value 0.01% 262 $17K No change
IYH iShares U.S. Healthcare ETF 0.01% 300 $17K No change
TYL Tyler Technologies Inc. 0.01% 30 $17K No change
FCG First Trust Natural Gas ETF 0.01% 700 $17K Reduce -6.2%
BAH Booz Allen Hamilton Holdings 0.01% 131 $17K No change
LIN Linde PLC 0.01% 40 $17K Add +60.0%
NVR NVR Inc. 0.01% 2 $16K No change
IEMG iShares Core MSCI Emerging 0.01% 310 $16K No change
AMP Ameriprise Financial Inc. 0.01% 30 $16K Reduce -21.1%
PH Parker Hannifin Corp. 0.01% 25 $16K No change
REGN Regeneron Pharmaceuticals 0.01% 22 $16K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.01% 282 $16K Add +28.8%
NFLX Netflix Inc. 0.01% 16 $14K Add +23.1%
IR Ingersoll-Rand Inc. 0.01% 155 $14K No change
BGS B&G Foods Inc. 0.01% 2,000 $14K Reduce -57.5%
VZ Verizon Communications Inc. 0.01% 341 $14K Reduce -11.7%
ROP Roper Technologies Inc. 0.00% 25 $13K No change
MMM 3M Co. 0.00% 100 $13K No change
SPGI S&P Global Inc. 0.00% 25 $12K No change
IHE iShares US Pharmaceuticals E 0.00% 180 $12K No change
JPST JPMorgan Ultra-Short Income 0.00% 232 $12K No change
DHR Danaher Corp. 0.00% 49 $11K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 150 $11K No change
MDYV SS SPDR S&P 400 MC Val ETF 0.00% 134 $11K No change
IBB iShares Biotechnology ETF 0.00% 81 $11K No change
EFA iShares MSCI Eafe ETF 0.00% 141 $11K No change
IGV iShares Expanded Tech-Softwa 0.00% 105 $11K Reduce -22.2%
ASML ASML Holding NV-NY Reg SHS 0.00% 15 $10K Reduce -75.0%
NXPI NXP Semiconductors NV 0.00% 50 $10K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 200 $10K No change
MET Metlife Inc. 0.00% 120 $10K Reduce -45.5%
STWD Starwood Property Trust Inc. 0.00% 500 $9K No change
ALL Allstate Corp. 0.00% 49 $9K No change
XBNYX BlackRock New York Muni Inc. 0.00% 925 $9K New
QCOM Qualcomm Inc. 0.00% 61 $9K No change
VWO Vanguard Ftse Emerging Marke 0.00% 195 $9K No change
DG Dollar General Corp. 0.00% 110 $8K Reduce -25.7%
SAP Sap SE-Sponsored ADR 0.00% 33 $8K New
CVX Chevron Corp. 0.00% 56 $8K No change
RSP Invesco S&P 500 Equal Weight 0.00% 45 $8K No change
RBA RB Global Inc. 0.00% 87 $8K New
CCEP Coca-Cola Europacific Partne 0.00% 90 $7K New
UL Unilever PLC 0.00% 120 $7K New
AER Aercap Holdings NV 0.00% 71 $7K New
CLOU Global X Cloud Computing ETF 0.00% 280 $7K No change
UBS UBS Group AG-Reg 0.00% 219 $7K New
IWM iShares Russell 2000 ETF 0.00% 30 $7K No change
HIG Hartford Insurance Group Inc. 0.00% 60 $7K No change
USMV iShares MSCI USA Min Vol Fac 0.00% 65 $6K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.00% 135 $6K Reduce -3.6%
AFL Aflac Inc. 0.00% 53 $5K No change
SCCO Southern Copper Corp. 0.00% 60 $5K New
NOW ServiceNow Inc. 0.00% 5 $5K No change
TTE Totalenergies SE -Spon ADR 0.00% 96 $5K New
SPDW Ste STR SPDR PT DW Eu ETF 0.00% 151 $5K No change
IUSG iShares Core S&P U.S. Growth 0.00% 36 $5K No change
BKNG Booking Holdings Inc. 0.00% 1 $5K New
EQIX Equinix Inc. 0.00% 5 $5K New
C Citigroup Inc. 0.00% 65 $5K No change
SMTH Alps SMTH Cor BD Plus ETF 0.00% 178 $5K No change
KKR KKR & Co. Inc. 0.00% 29 $4K No change
RXRX Recursion Pharmaceuticals-A 0.00% 625 $4K New
BSM Black Stone Minerals LP 0.00% 285 $4K No change
CRSP Crispr Therapeutics AG 0.00% 100 $4K No change
SBUX Starbucks Corp. 0.00% 40 $4K Reduce -76.5%
AVDE Avantis International Equity 0.00% 59 $4K Reduce -66.5%
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 18 $4K Reduce -72.7%
PEG Public Service Enterprise GP 0.00% 40 $3K Reduce -57.9%
GE General Electric filed as GE AEROSPACE 0.00% 19 $3K No change
CMCSA Comcast Corp. Class A 0.00% 80 $3K Reduce -72.9%
FEZ State Street SPDR Euro Stoxx 0.00% 60 $3K No change
PGR Progressive Corp. 0.00% 12 $3K No change
CFG Citizens Financial Group 0.00% 65 $3K Reduce -63.9%
IWS iShares Russell Mid-Cap Valu 0.00% 18 $2K No change
CSQ Calamos Strat TTL RTRN FND 0.00% 115 $2K New
UYLD Angel Oak Ultrashort Income 0.00% 38 $2K No change
UPS United Parcel Service Class B 0.00% 15 $2K Reduce -88.5%
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.00% 20 $2K No change
IFN Aberdeen India Fund Inc. 0.00% 115 $2K Reduce -14.8%
SOLV Solventum Corp. 0.00% 25 $2K No change
VLTO Veralto Corp. 0.00% 16 $2K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.00% 17 $2K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 17 $1K No change
KVUE Kenvue Inc. 0.00% 48 $1K No change
FLIA Franklin International Aggre 0.00% 47 $958 No change
TRMB Trimble Inc. 0.00% 10 $707 No change
ROBT First Trust Nasdaq Artificia 0.00% 15 $676 Reduce -94.6%
ETH Grayscale Ethereum Staking M 0.00% 15 $472 New
SJNK SS SPDR BB St Hi Yield ETF 0.00% 14 $354 No change
CIFR Cipher Digital Inc. 0.00% 75 $348 New
MGK Vngrd Mrgstr MG CP GR ETF-Ui 0.00% 1 $343 No change
MGV Vngrd Mrgstr MG CP VL ETF-Ui 0.00% 2 $250 No change
XLY SS Consumer Disc Select Sect 0.00% 1 $224 No change
FTGC First Trust Global Tactical 0.00% 7 $168 No change
GOVT iShares US Treasury Bond ETF 0.00% 3 $69 No change
USIG iShares Broad Usd Investment 0.00% 1 $50 No change
VMBS Vanguard Mortgage-Backed Sec 0.00% 1 $45 No change

Portfolio Sells Q3 2024 → Q4 2024
XBI SS SPDR S&P Biotech ETF Reduce -94.6% 0.21% −4.35
AGNC AGNC Investment Corp. Reduce -38.4% 1.75% −1.65
MU Micron Technology Inc. Reduce -72.2% 0.43% −1.57
SDVY First Trust Smid Cap Rising Reduce -92.2% 0.04% −0.47
AMD Advanced Micro Devices Reduce -67.5% 0.06% −0.20
JNJ Johnson & Johnson Reduce -1.0% 0.53% −0.10
IVV iShares Core S&P 500 ETF Reduce -10.4% 0.60% −0.09
EDV Vanguard Extended Dur Treas Reduce -29.4% 0.10% −0.07
TLT iShares 20+ Year Treasury BD Reduce -82.3% 0.01% −0.07
FCX Freeport-McMoran Inc. Reduce -16.5% 0.09% −0.06
XMUIX BlackRock Municipal Income Reduce -42.3% 0.06% −0.05
DGRO iShares Core Dividend Growth Reduce -15.3% 0.17% −0.05
FQAL Fidelity Quality Factor ETF Reduce -13.5% 0.20% −0.04
PFF iShares Preferred & Income S Reduce -26.5% 0.08% −0.04
ONEQ Fidelity Nasdaq Comp Indx Reduce -13.0% 0.28% −0.04
CCL Carnival Corp. Sold out 0.00% −0.02
EOG EOG Resources Inc. Sold out 0.00% −0.02
D Dominion Energy Inc. Reduce -35.0% 0.03% −0.02
PSP Invesco Global Listed Privat Sold out 0.00% −0.02
ASML ASML Holding NV-NY Reg SHS Reduce -75.0% 0.00% −0.02
CMS CMS Energy Corp. Reduce -21.1% 0.04% −0.01
BIV Vanguard Intermediate-Term B Sold out 0.00% −0.01
VTIP Vanguard Short-Term Tips Sold out 0.00% −0.01
BLV Vanguard Long-Term Bond ETF Sold out 0.00% −0.01
AGG iShares Core U.S. Aggregate Reduce -5.3% 0.07% −0.01
LMBS First Trust Low Duration Opp Sold out 0.00% −0.01
BGS B&G Foods Inc. Reduce -57.5% 0.01% −0.01
IJR iShares Core S&P Small-Cap E Reduce -9.7% 0.05% −0.01
FDHY Fidelity Enh Hi YLD ETF Reduce -15.3% 0.03% −0.01
IVR Invesco Mortgage Capital Sold out 0.00% −0.01
VPU Vanguard Utilities ETF Sold out 0.00% −0.01
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.01
VDC Vanguard Consumer Staple ETF Sold out 0.00% −0.01
VAW Vanguard Materials ETF Sold out 0.00% −0.01
VHT Vanguard Health Care ETF Sold out 0.00% −0.01
UPS United Parcel Service Class B Reduce -88.5% 0.00% −0.01
PSA Public Storage Reduce -7.1% 0.02% −0.01
ADBE Adobe Inc. Reduce -16.7% 0.01% −0.01
ICLN iShares Global Clean Energy Reduce -8.5% 0.01% −0.01
SBUX Starbucks Corp. Reduce -76.5% 0.00% −0.01
INFY Infosys Ltd.-SP ADR Reduce -33.3% 0.01% −0.00
ROBT First Trust Nasdaq Artificia Reduce -94.6% 0.00% −0.00
VBR Vngrd Mrngst SL-CP Val ETF-U Reduce -72.7% 0.00% −0.00
CMCSA Comcast Corp. Class A Reduce -72.9% 0.00% −0.00
VDE Vanguard Energy ETF Sold out 0.00% −0.00
FMC FMC Corp. Sold out 0.00% −0.00
MET Metlife Inc. Reduce -45.5% 0.00% −0.00
MDT Medtronic PLC Sold out 0.00% −0.00
AVDE Avantis International Equity Reduce -66.5% 0.00% −0.00
MA Mastercard Inc. Class A Reduce -11.3% 0.03% −0.00

Portfolio Buys Q3 2024 → Q4 2024
CYBR Cyberark Software Ltd./Israel Add +29.4% 3.65% +1.05
AMLP Alerian MLP ETF Add +37.5% 3.80% +0.95
AMZN Amazon.com Inc. Add +48.7% 2.36% +0.94
URA Global X Uranium ETF Add +820.9% 0.98% +0.86
IREN Iren Ltd. New 0.85% +0.85
NLR Vaneck Urani & Nuclr ETF-Usd New 0.77% +0.77
NVDA Nvidia Corp. Add +25.0% 3.17% +0.76
BIL SS SPDR BB 1-3M T-Bill ETF Add +68.5% 1.87% +0.70
DDOG Datadog Inc. Class A Add +6.8% 2.84% +0.59
GOOG Alphabet Inc. Class C Add +3.1% 5.23% +0.54
LNG Cheniere Energy Inc. Add +1.0% 3.90% +0.50
GLD SPDR Gold Shares Add +22.0% 3.72% +0.50
WMB Williams Cos Inc. Add +1.6% 2.90% +0.37
PLTR Palantir Technologies Inc. Class A Add +33.9% 0.33% +0.20
SHY iShares 1-3 Year Treasury Bo Add +514.8% 0.23% +0.19
VGT Vanguard Info Tech ETF Add +2078.1% 0.16% +0.15
CCJ Cameco Corp. Add +5.4% 1.99% +0.14
JPM JPMorgan Chase & Co. Add +2.7% 1.32% +0.13
QQQ Invesco QQQ Trust Series 1 Add +7.5% 1.78% +0.12
NLY Annaly Capital Management Inc. Add +225.8% 0.17% +0.11
AAPL Apple Inc. Add +1.3% 2.85% +0.10
REM iShares Mortgage Real Estate Add +1031.9% 0.10% +0.09
FLG Flagstar Bank NA New 0.09% +0.09
ETN Eaton Corp. PLC Add +7.8% 2.76% +0.07
V Visa Inc. Class A Add +0.5% 0.73% +0.06
SKYY First Trust Cloud Computing Add +387.6% 0.08% +0.06
IYF iShares US Financials ETF New 0.06% +0.06
EPI Wisdomtree India Earnings Add +418.7% 0.07% +0.06
WRB WR Berkley Corp. New 0.06% +0.06
COST Costco Wholesale Corp. Add +7.2% 1.03% +0.05
VCR Vanguard Consumer Discre ETF Add +751.0% 0.06% +0.05
XLV SS Health Care Select Sector Add +1354.7% 0.05% +0.05
VRT Vertiv Holdings Co. Class A Add +5.8% 0.38% +0.05
SCHW Schwab (charles) Corp. Add +28.4% 0.17% +0.05
MLPA Global X MLP ETF Add +221.7% 0.07% +0.05
AMT American Tower Corp. New 0.04% +0.04
KTOS Kratos Defense & Security Add +13.2% 0.24% +0.04
PGX Invesco Preferred ETF New 0.04% +0.04
HACK Amplify Cybersecurity ETF Add +438.8% 0.05% +0.04
SOXQ Invesco PHLX Semiconductor Add +51760.0% 0.04% +0.04
EWJ iShares MSCI Japan ETF Add +222.3% 0.06% +0.04
PAVE Global X US Infrastructure Add +11795.2% 0.04% +0.04
XLF SS Financial Select Sector Add +12718.8% 0.04% +0.04
GRID First TRST Nasd Class Edg Sgiif Add +101.0% 0.08% +0.03
VST Vistra Corp. New 0.03% +0.03
COPX Global X Copper Miners ETF Add +13775.0% 0.03% +0.03
GLDM SPDR Gold Minishares Trust New 0.03% +0.03
SPY SS SPDR S&P 500 ETF Trust-US Add +186.7% 0.05% +0.03
PWR Quanta Services Inc. Add +364.6% 0.03% +0.03
XAR SS SPDR S&P Aerospace Def Add +317.1% 0.04% +0.03

Notes & Other Activity Q3 2024 → Q4 2024
MLM Martin Marietta Materials COM Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 501$544.7MMU, AMLP, GOOG, BIL, LNG
Q1 2026 346$455.6MLNG, AMLP, BIL, GOOG, NVDA
Q4 2025 365$415.7MGOOG, GDX, AMLP, MSFT, GLD
Q3 2025 332$383.6MGDX, ORCL, GOOG, LNG, MSFT
Q2 2025 325$326.8MORCL, MSFT, LNG, BIL, GOOG
Q1 2025 289$269.2MLNG, GDX, GLD, GOOG, AMLP
Q4 2024 309$274.8MGOOG, MSFT, IHI, GDX, LNG
Q3 2024 297$261.1MMSFT, GDX, GOOG, XBI, IHI
Q2 2024 239$198.3MGDX, MSFT, GOOG, IHI, XBI
Q1 2024 230$181.5MMSFT, IHI, GDX, AGNC, GOOG