FWL Investment Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), FWL Investment Management, LLC reported 289 stock positions worth $269.2 million. Its top holding was Cheniere Energy (LNG) at 5.8% of the portfolio, followed by Vaneck Gold Miners ETF (GDX, 4.9%) and SPDR Gold Shares (GLD, 4.8%). Compared with Q4 2024, it opened 26 new positions, sold out of 44, added to 64 and reduced 95. The biggest buy was a new position in Caci International Class A (CACI) and the biggest sale an exit from Lockheed Martin (LMT).

Most Recent 13F
Q2 2026
Location
Dallas, TX
CIK
0001829231
Portfolio Value
$269.2M (Q1 2025)
SEC Filing
0001999371-25-006122 ↗ filed May 15, 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 Q4 2024 Q1 2025: $269.2M $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 289 stocks · $269.2M
LNG Cheniere Energy Inc. 5.75% 66,916 $15.5M Add +34.1%
GDX Vaneck Gold Miners ETF 4.85% 284,206 $13.1M Reduce -15.5%
GLD SPDR Gold Shares 4.84% 45,202 $13.0M Add +6.9%
GOOG Alphabet Inc. Class C 4.71% 81,087 $12.7M Add +7.5%
AMLP Alerian MLP ETF 4.55% 235,596 $12.2M Add +8.6%
MSFT Microsoft Corp. 4.38% 31,442 $11.8M Reduce -0.1%
IHI iShares U.S. Medical Devices 4.22% 188,759 $11.4M Reduce -5.8%
ORCL Oracle Corp. 3.87% 74,461 $10.4M Add +35.5%
CYBR Cyberark Software Ltd./Israel 3.72% 29,607 $10.0M Reduce -1.6%
WMB Williams Cos Inc. 3.69% 166,418 $9.9M Add +13.1%
ETN Eaton Corp. PLC 3.34% 33,092 $9.0M Add +44.8%
IBN Icici Bank Ltd.-Spon ADR 3.23% 275,507 $8.7M Reduce -0.8%
NVDA Nvidia Corp. 2.96% 73,586 $8.0M Add +13.5%
AMZN Amazon.com Inc. 2.78% 39,324 $7.5M Add +33.0%
AAPL Apple Inc. 2.48% 30,015 $6.7M Reduce -4.0%
BIL SS SPDR BB 1-3M T-Bill ETF 2.47% 72,350 $6.6M Add +28.5%
AGNC AGNC Investment Corp. 2.25% 632,707 $6.1M Add +20.9%
CCJ Cameco Corp. 2.21% 144,791 $6.0M Add +35.8%
CACI Caci International Inc. Class A 1.86% 13,650 $5.0M New
BRK.B Berkshire Hathaway Inc. Class B 1.70% 8,600 $4.6M Reduce -1.1%
QQQ Invesco QQQ Trust Series 1 1.63% 9,336 $4.4M Reduce -2.2%
SCHW Schwab (charles) Corp. 1.59% 54,734 $4.3M Add +767.4%
JPM JPMorgan Chase & Co. 1.38% 15,182 $3.7M Add +0.3%
MDT Medtronic PLC 1.37% 40,964 $3.7M New
WMT Walmart Inc. 1.24% 38,088 $3.3M Reduce -3.7%
COST Costco Wholesale Corp. 1.07% 3,054 $2.9M Reduce -1.0%
FLG Flagstar Bank NA 1.07% 247,377 $2.9M Add +879.3%
HD Home Depot Inc. 1.03% 7,548 $2.8M Reduce -3.6%
URA Global X Uranium ETF 0.83% 97,140 $2.2M Reduce -3.2%
V Visa Inc. Class A 0.79% 6,087 $2.1M Reduce -4.0%
UNH Unitedhealth Group Inc. 0.78% 4,025 $2.1M Reduce -4.4%
CB Chubb Ltd. 0.73% 6,516 $2.0M Reduce -3.0%
NLR Vaneck Urani & Nuclr ETF-Usd 0.67% 24,527 $1.8M Reduce -5.8%
PG The Procter & Gamble Co. 0.65% 10,223 $1.7M Reduce -2.2%
ACN Accenture PLC Class A 0.64% 5,517 $1.7M Reduce -3.6%
APD Air Products & Chemicals Inc. 0.62% 5,616 $1.7M Reduce -2.1%
IAU iShares Gold Trust 0.56% 25,616 $1.5M Reduce -9.4%
GD General Dynamics Corp. 0.55% 5,458 $1.5M Reduce -6.1%
AMGN Amgen Inc. 0.54% 4,688 $1.5M Reduce -2.1%
FPEI First Trust Institutional PR 0.51% 73,024 $1.4M Reduce -2.4%
QTEC First Trust Nasdq 100 Tech I 0.49% 7,591 $1.3M Reduce -8.4%
IVV iShares Core S&P 500 ETF 0.48% 2,290 $1.3M Reduce -18.0%
IWF iShares Russell 1000 Growth 0.48% 3,550 $1.3M Reduce -6.0%
PLTR Palantir Technologies Inc. Class A 0.48% 15,169 $1.3M Add +25.3%
MU Micron Technology Inc. 0.46% 14,394 $1.3M Add +3.0%
AGI Alamos Gold Inc. Class A 0.43% 43,518 $1.2M New
QQQM Invesco Nasdaq 100 ETF 0.42% 5,799 $1.1M Reduce -6.8%
VRT Vertiv Holdings Co. Class A 0.35% 12,973 $937K Add +40.6%
GOOGL Alphabet Inc. Class A 0.34% 5,963 $922K Add +2.8%
KTOS Kratos Defense & Security 0.33% 29,773 $884K Add +20.9%
TSLA Tesla Inc. 0.30% 3,079 $798K Add +510.9%
SHY iShares 1-3 Year Treasury Bo 0.26% 8,468 $701K Add +8.4%
IREN Iren Ltd. filed as IREN LIMITED 0.25% 109,791 $669K Reduce -54.0%
NLY Annaly Capital Management Inc. 0.23% 29,986 $609K Add +17.2%
ONEQ Fidelity Nasdaq Comp Indx 0.21% 8,355 $569K Reduce -18.3%
TEM Tempus AI Inc. Class A 0.21% 11,741 $566K New
PFF iShares Preferred & Income S 0.19% 16,427 $505K Add +140.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.17% 2,688 $464K Reduce -1.5%
EAT Brinker International Inc. 0.17% 3,044 $454K New
VUG Vanguard Mrngstar GR ETF-Sui 0.17% 1,200 $445K No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.16% 5,549 $438K Add +0.3%
REM iShares Mortgage Real Estate 0.16% 18,891 $424K Add +44.6%
COWZ Pacer US Cash Cows 100 ETF 0.16% 7,698 $422K Add +10.0%
FQAL Fidelity Quality Factor ETF 0.15% 6,487 $416K Reduce -22.7%
FCX Freeport-McMoran Inc. 0.14% 10,056 $381K Add +63.3%
VGT Vanguard Info Tech ETF 0.14% 697 $378K No change
DGRO iShares Core Dividend Growth 0.13% 5,853 $362K Reduce -24.4%
MRK Merck & Co. Inc. 0.11% 3,195 $287K Reduce -78.6%
EDV Vanguard Extended Dur Treas 0.10% 3,915 $278K Reduce -1.4%
GRID First TRST Nasd Class Edg Sgiif 0.10% 2,397 $271K Add +35.5%
QUAL iShares MSCI USA Quality Fac 0.10% 1,572 $269K No change
MLPA Global X MLP ETF 0.10% 4,999 $266K Add +32.5%
ABBV Abbvie Inc. 0.10% 1,259 $264K Reduce -0.3%
SKYY First Trust Cloud Computing 0.09% 2,460 $252K Add +39.4%
PSA Public Storage 0.08% 727 $218K Add +404.9%
EPI Wisdomtree India Earnings 0.08% 4,975 $217K Add +10.1%
VONG Vanguard Russell 1000 Growth 0.08% 2,274 $211K No change
FTCS First Trust Capital Strength 0.08% 2,297 $206K Add +2.8%
AGG iShares Core U.S. Aggregate 0.07% 2,012 $199K Reduce -0.5%
XLK SS Technology Select Sector 0.07% 902 $186K Reduce -8.6%
RIOT Riot Platforms Inc. 0.07% 25,800 $184K New
PGX Invesco Preferred ETF 0.07% 16,000 $180K Add +60.0%
AVGO Broadcom Inc. 0.06% 1,040 $174K Add +55.2%
SCHX Schwab US Large-Cap ETF 0.06% 7,367 $163K Reduce -16.3%
KMI Kinder Morgan Inc. 0.06% 5,681 $162K Add +0.6%
HACK Amplify Cybersecurity ETF 0.06% 2,222 $160K Add +26.1%
OKE Oneok Inc. 0.06% 1,607 $159K No change
DFS Discover Financial Services 0.06% 905 $154K No change
IWR iShares Russell Mid-Cap ETF 0.06% 1,809 $154K No change
TOTL SS Doubleline TR Tact ETF 0.06% 3,744 $151K Add +106.6%
EWJ iShares MSCI Japan ETF 0.06% 2,187 $150K Reduce -4.7%
IYF iShares US Financials ETF 0.05% 1,308 $148K Reduce -8.7%
XLF SS Financial Select Sector 0.05% 2,873 $143K Add +40.1%
AMT American Tower Corp. 0.05% 636 $138K Reduce -5.2%
DVY iShares Select Dividend ETF 0.05% 1,015 $136K No change
PAVE Global X US Infrastructure 0.05% 3,512 $133K Add +40.6%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 518 $127K Reduce -1.9%
XAR SS SPDR S&P Aerospace Def 0.05% 768 $123K Add +31.5%
SPY SS SPDR S&P 500 ETF Trust-US 0.05% 217 $121K Add +0.9%
LLY Eli Lilly & Co. 0.04% 146 $121K Add +17.7%
VCR Vanguard Consumer Discre ETF 0.04% 367 $119K Reduce -12.0%
CSCO Cisco Systems Inc. 0.04% 1,933 $119K Reduce -1.3%
META Meta Platforms Inc. Class A 0.04% 203 $117K Add +27.7%
CRM Salesforce Inc. 0.04% 422 $113K Add +2.9%
UBER Uber Technologies Inc. 0.04% 1,547 $113K Add +11.5%
CMS CMS Energy Corp. 0.04% 1,500 $113K No change
EXPE Expedia Group Inc. 0.04% 660 $111K Reduce -50.8%
IJR iShares Core S&P Small-Cap E 0.04% 1,059 $111K Reduce -3.3%
JNJ Johnson & Johnson 0.04% 647 $107K Reduce -93.6%
MLPX Global X MLP & Energy Infras 0.04% 1,650 $105K Reduce -10.8%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.04% 1,475 $105K Reduce -45.2%
GLDM SPDR Gold Minishares Trust 0.04% 1,600 $99K No change
TLT iShares 20+ Year Treasury BD 0.04% 1,065 $97K Add +184.0%
TDG Transdigm Group Inc. 0.04% 70 $97K No change
SOXQ Invesco PHLX Semiconductor 0.04% 2,855 $96K Add +10.1%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.04% 3,500 $95K New
NEE Nextera Energy Inc. 0.03% 1,320 $94K Reduce -4.1%
XOM Exxon Mobil Corp. 0.03% 736 $88K Add +30.3%
SDVY First Trust Smid Cap Rising 0.03% 2,532 $85K Reduce -10.5%
IMTM iShares MSCI Intl Momentum F 0.03% 2,116 $85K No change
COPX Global X Copper Miners ETF 0.03% 2,162 $84K Reduce -2.6%
SDY SS SPDR S&P Dividend ETF 0.03% 604 $82K Reduce -0.8%
AXP American Express Co. 0.03% 300 $81K No change
D Dominion Energy Inc. 0.03% 1,390 $78K No change
ICE Intercontinental Exchange Inc. 0.03% 450 $78K No change
PWR Quanta Services Inc. 0.03% 302 $77K No change
XLY SS Consumer Disc Select Sect 0.03% 375 $74K Add +37400.0%
VGLT Vanguard Long-Term Treasury 0.03% 1,258 $72K No change
LOW Lowe's Cos Inc. 0.03% 310 $72K No change
AMD Advanced Micro Devices 0.03% 702 $72K Reduce -46.3%
PEP Pepsico Inc. 0.03% 478 $72K Reduce -94.5%
BBCB JPMorgan Betabuilders Usd Inc. 0.03% 1,568 $71K Add +156.2%
SPHQ Invesco S&P 500 Quality ETF 0.03% 1,051 $70K Reduce -9.8%
MA Mastercard Inc. Class A 0.03% 125 $69K Reduce -6.7%
VST Vistra Corp. 0.03% 580 $68K Reduce -12.8%
INDA iShares MSCI India ETF 0.03% 1,317 $68K Reduce -99.0%
VFH Vanguard Financials ETF 0.02% 544 $65K Reduce -5.2%
SYK Stryker Corp. 0.02% 160 $60K Add +6.7%
VOO Vanguard S&P 500 ETF 0.02% 115 $59K No change
APO Apollo Global Management Inc. 0.02% 381 $52K No change
RSPT Invesco S&P 500 Equal Weight 0.02% 1,500 $51K No change
SOXX iShares Semiconductor ETF 0.02% 243 $46K Add +131.4%
ABT Abbott Laboratories 0.02% 334 $44K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.02% 388 $42K Add +11.5%
VTI VG Morningstar TS MKT ETF-US 0.02% 153 $42K No change
TRV The Travelers Cos Inc. 0.01% 150 $40K No change
DUK Duke Energy Corp. 0.01% 324 $40K No change
IJH iShares Core S&P Midcap ETF 0.01% 665 $39K No change
SGDM Sprott Gold Miners ETF 0.01% 1,000 $38K No change
SFM Sprouts Farmers Market Inc. 0.01% 247 $38K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 735 $38K No change
POOL Pool Corp. 0.01% 115 $37K No change
PLD Prologis Inc. 0.01% 320 $36K Reduce -39.4%
IYC iShares US Consumer Discreti 0.01% 400 $35K No change
T AT&T Inc. 0.01% 1,248 $35K No change
MELI MercadoLibre Inc. 0.01% 18 $35K Reduce -25.0%
URI United Rentals Inc. 0.01% 56 $35K No change
IYE iShares U.S. Energy ETF 0.01% 705 $35K Reduce -33.2%
MFC Manulife Financial Corp. 0.01% 1,066 $33K No change
TSM Taiwan Semiconductor-SP ADR 0.01% 200 $33K No change
SO The Southern Co. 0.01% 350 $32K No change
MBSF Regan Floating Rate MBS ETF 0.01% 1,255 $32K Reduce -35.6%
EW Edwards Lifesciences Corp. 0.01% 440 $32K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 457 $32K No change
PNC PNC Financial Services Group 0.01% 180 $32K No change
WGMI CS BTC Min Dig PWR ETF 0.01% 2,445 $31K Add +88.1%
PANW Palo Alto Networks Inc. 0.01% 181 $31K Add +50.8%
ICLN iShares Global Clean Energy 0.01% 2,675 $31K Reduce -0.6%
BA The Boeing Co. 0.01% 177 $30K No change
BLDR Builders Firstsource Inc. 0.01% 239 $30K No change
VB Vanguard Most SM-Cap ETF-Usd 0.01% 130 $29K New
CTAS Cintas Corp. 0.01% 140 $29K No change
SHOP Shopify Inc. Class A 0.01% 300 $29K Reduce -42.9%
XLRE SS Real Estate Select Sector 0.01% 648 $27K No change
OEF iShares S&P 100 ETF 0.01% 100 $27K No change
FMHI First Trust Municipal High I 0.01% 546 $26K Reduce -53.4%
DWAS Invesco Dorsey Wright Smallc 0.01% 332 $26K Reduce -17.8%
ITW Illinois Tool Works 0.01% 100 $25K No change
PSX Phillips 66 0.01% 200 $25K No change
FDN First Trust DJ Internet Ind 0.01% 111 $25K No change
VGSH Vanguard Short-Term Treasury 0.01% 414 $24K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 35 $23K Add +133.3%
CDNS Cadence Design SYS Inc. 0.01% 91 $23K No change
MPC Marathon Petroleum Corp. 0.01% 155 $23K Reduce -25.8%
TMO Thermo Fisher Scientific Inc. 0.01% 45 $22K Reduce -62.5%
HLI Houlihan Lokey Inc. 0.01% 138 $22K No change
VIS Vanguard Industrials ETF 0.01% 89 $22K Reduce -65.0%
VRTX Vertex Pharmaceuticals Inc. 0.01% 45 $22K Reduce -25.0%
IYK iShares US Consumer Staples 0.01% 300 $21K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 85 $21K Reduce -22.7%
SHAK Shake Shack Inc. Class A 0.01% 225 $20K No change
IWV iShares Russell 3000 ETF 0.01% 60 $19K Reduce -60.3%
INFY Infosys Ltd.-SP ADR 0.01% 1,003 $18K No change
IYH iShares U.S. Healthcare ETF 0.01% 300 $18K No change
EMR Emerson Electric Co. 0.01% 165 $18K Reduce -99.5%
GNRC Generac Holdings Inc. 0.01% 140 $18K No change
TGT Target Corp. 0.01% 167 $17K No change
VOX Vanguard Communication Servi 0.01% 115 $17K Reduce -64.0%
FDHY Fidelity Enh Hi YLD ETF 0.01% 345 $17K Reduce -80.2%
VZ Verizon Communications Inc. 0.01% 361 $16K Add +5.9%
AMAT Applied Materials Inc. 0.01% 112 $16K No change
CEG Constellation Energy 0.01% 80 $16K No change
NFLX Netflix Inc. 0.01% 16 $15K No change
ROP Roper Technologies Inc. 0.01% 25 $15K No change
MMM 3M Co. 0.01% 100 $15K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.01% 213 $14K Reduce -18.7%
RDVI FT Vest Rising Dividend Achi 0.01% 587 $14K New
COIN Coinbase Global Inc. Class A 0.01% 80 $14K New
BGS B&G Foods Inc. 0.01% 2,000 $14K No change
FCG First Trust Natural Gas ETF 0.01% 550 $14K Reduce -21.4%
XLE SS Energy Select Sector 0.01% 145 $14K Reduce -35.0%
SPGI S&P Global Inc. 0.00% 25 $13K No change
IHE iShares US Pharmaceuticals E 0.00% 180 $13K No change
JHMM John Hancock Multi Fact Mid 0.00% 220 $13K New
ENVX Enovix Corp. 0.00% 1,650 $12K No change
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 230 $12K Add +15.0%
JPST JPMorgan Ultra-Short Income 0.00% 232 $12K No change
CLOI Vaneck Clo ETF 0.00% 216 $11K Reduce -78.2%
EMXC iShares MSCI Emr MRK Ex Chna 0.00% 203 $11K Reduce -28.0%
PVAL Putnam Focused LRG Cap Value 0.00% 291 $11K New
DHR Danaher Corp. 0.00% 49 $10K No change
STWD Starwood Property Trust Inc. 0.00% 500 $10K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 150 $10K No change
DG Dollar General Corp. 0.00% 110 $10K No change
DFAS Dimensional US Small Cap ETF 0.00% 161 $10K New
QCOM Qualcomm Inc. 0.00% 61 $9K No change
BKNG Booking Holdings Inc. 0.00% 2 $9K Add +100.0%
IBB iShares Biotechnology ETF 0.00% 71 $9K Reduce -12.3%
SAP Sap SE-Sponsored ADR 0.00% 33 $9K No change
VWO Vanguard Ftse Emerging Marke 0.00% 195 $9K No change
RBA RB Global Inc. 0.00% 87 $9K No change
JAAA Janus Henderson Aaa Clo ETF 0.00% 171 $9K New
HTAB Hartford Schroders Tax Aware 0.00% 435 $8K New
IGV iShares Expanded Tech-Softwa 0.00% 93 $8K Reduce -11.4%
EFA iShares MSCI Eafe ETF 0.00% 100 $8K Reduce -29.1%
RSP Invesco S&P 500 Equal Weight 0.00% 45 $8K No change
XBI SS SPDR S&P Biotech ETF 0.00% 95 $8K Reduce -98.5%
FNDF Schwab Fndmn Intl LRG Co. ETF 0.00% 213 $8K Reduce -66.4%
HIG Hartford Insurance Group Inc. 0.00% 60 $7K No change
ARKG ARK Genomic Revolution ETF 0.00% 325 $7K New
UBS UBS Group AG-Reg 0.00% 219 $7K No change
SHYG iShares 0-5 YR HY Corp. Bond 0.00% 155 $7K Add +14.8%
JMOM JPMorgan US Momentum Factor 0.00% 107 $6K Reduce -65.9%
IWM iShares Russell 2000 ETF 0.00% 30 $6K No change
CLOU Global X Cloud Computing ETF 0.00% 280 $6K No change
AVLV Avantis US Large Cap Value 0.00% 89 $6K Reduce -66.0%
SCCO Southern Copper Corp. 0.00% 60 $6K No change
XDEC FT Vest US Equity Enhance & 0.00% 150 $6K New
SPDW Ste STR SPDR PT DW Eu ETF 0.00% 151 $5K No change
TKO Tko Group Holdings Inc. 0.00% 35 $5K New
FISV Fiserv Inc. 0.00% 21 $5K New
SMTH Alps SMTH Cor BD Plus ETF 0.00% 178 $5K No change
IUSG iShares Core S&P U.S. Growth 0.00% 36 $5K No change
XLV SS Health Care Select Sector 0.00% 30 $4K Reduce -97.3%
BSM Black Stone Minerals LP 0.00% 285 $4K No change
EQIX Equinix Inc. 0.00% 5 $4K No change
RXRX Recursion Pharmaceuticals-A 0.00% 770 $4K Add +23.2%
NOW ServiceNow Inc. 0.00% 5 $4K No change
AVDE Avantis International Equity 0.00% 59 $4K No change
GE General Electric filed as GE AEROSPACE 0.00% 19 $4K No change
INTU Intuit Inc. 0.00% 6 $4K New
MDYV SS SPDR S&P 400 MC Val ETF 0.00% 45 $3K Reduce -66.4%
CRSP Crispr Therapeutics AG 0.00% 100 $3K No change
PGR Progressive Corp. 0.00% 12 $3K No change
KKR KKR & Co. Inc. 0.00% 29 $3K No change
FEZ State Street SPDR Euro Stoxx 0.00% 60 $3K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 17 $3K Reduce -5.6%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 3 $3K New
ADBE Adobe Inc. 0.00% 6 $2K Reduce -92.0%
IWS iShares Russell Mid-Cap Valu 0.00% 18 $2K No change
ADP Automatic Data Processing 0.00% 7 $2K New
USMV iShares MSCI USA Min Vol Fac 0.00% 22 $2K Reduce -66.2%
MCK McKesson Corp. 0.00% 3 $2K New
UYLD Angel Oak Ultrashort Income 0.00% 38 $2K No change
SOLV Solventum Corp. 0.00% 25 $2K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.00% 20 $2K No change
CSQ Calamos Strat TTL RTRN FND 0.00% 115 $2K No change
IFN Aberdeen India Fund Inc. 0.00% 115 $2K No change
SPSB SS SPDR P St C Corp. ETF 0.00% 52 $2K New
VLTO Veralto Corp. 0.00% 16 $2K No change
SLYG SS SPDR S&P 600 SC GR ETF 0.00% 17 $1K No change
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 17 $1K No change
MBB iShares MBS ETF 0.00% 11 $1K New
SJNK SS SPDR BB St Hi Yield ETF 0.00% 39 $981 Add +178.6%
FLIA Franklin International Aggre 0.00% 47 $955 No change
ROBT First Trust Nasdaq Artificia 0.00% 15 $610 No change
CORZ Core Scientific Inc. 0.00% 80 $579 New
ETH Grayscale Ethereum Staking M 0.00% 15 $258 No change
KVUE Kenvue Inc. 0.00% 8 $192 Reduce -83.3%

Portfolio Sells Q4 2024 → Q1 2025
LMT Lockheed Martin Corp. Sold out 0.00% −3.20
DDOG Datadog Inc. Class A Sold out 0.00% −2.84
INDA iShares MSCI India ETF Reduce -99.0% 0.03% −2.63
EMR Emerson Electric Co. Reduce -99.5% 0.01% −1.63
MCD McDonald's Corp. Sold out 0.00% −0.65
IREN Iren Ltd. Reduce -54.0% 0.25% −0.60
JNJ Johnson & Johnson Reduce -93.6% 0.04% −0.49
PEP Pepsico Inc. Reduce -94.5% 0.03% −0.45
MSFT Microsoft Corp. Reduce -0.1% 4.38% −0.44
MRK Merck & Co. Inc. Reduce -78.6% 0.11% −0.44
AAPL Apple Inc. Reduce -4.0% 2.48% −0.37
ITRI Itron Inc. Sold out 0.00% −0.23
XBI SS SPDR S&P Biotech ETF Reduce -98.5% 0.00% −0.21
URA Global X Uranium ETF Reduce -3.2% 0.83% −0.15
QQQ Invesco QQQ Trust Series 1 Reduce -2.2% 1.63% −0.15
IVV iShares Core S&P 500 ETF Reduce -18.0% 0.48% −0.12
NLR Vaneck Urani & Nuclr ETF-Usd Reduce -5.8% 0.67% −0.10
ACN Accenture PLC Class A Reduce -3.6% 0.64% −0.09
HD Home Depot Inc. Reduce -3.6% 1.03% −0.08
QTEC First Trust Nasdq 100 Tech I Reduce -8.4% 0.49% −0.08
IWF iShares Russell 1000 Growth Reduce -6.0% 0.48% −0.08
ONEQ Fidelity Nasdaq Comp Indx Reduce -18.3% 0.21% −0.07
XMUIX BlackRock Municipal Income Sold out 0.00% −0.06
QQQM Invesco Nasdaq 100 ETF Reduce -6.8% 0.42% −0.06
WMT Walmart Inc. Reduce -3.7% 1.24% −0.06
XLV SS Health Care Select Sector Reduce -97.3% 0.00% −0.05
EXPE Expedia Group Inc. Reduce -50.8% 0.04% −0.05
FQAL Fidelity Quality Factor ETF Reduce -22.7% 0.15% −0.05
DGRO iShares Core Dividend Growth Reduce -24.4% 0.13% −0.04
IHI iShares U.S. Medical Devices Reduce -5.8% 4.22% −0.04
AMD Advanced Micro Devices Reduce -46.3% 0.03% −0.03
XLP SS Consumer Staples Sel Sect Sold out 0.00% −0.02
FDHY Fidelity Enh Hi YLD ETF Reduce -80.2% 0.01% −0.02
WRB WR Berkley Corp. Reduce -45.2% 0.04% −0.02
VIS Vanguard Industrials ETF Reduce -65.0% 0.01% −0.02
CLOI Vaneck Clo ETF Reduce -78.2% 0.00% −0.01
TMO Thermo Fisher Scientific Inc. Reduce -62.5% 0.01% −0.01
XLK SS Technology Select Sector Reduce -8.6% 0.07% −0.01
SCHX Schwab US Large-Cap ETF Reduce -16.3% 0.06% −0.01
CALF PCR US SM CP CSH CWS ETF-Usd Sold out 0.00% −0.01
VCR Vanguard Consumer Discre ETF Reduce -12.0% 0.04% −0.01
VOX Vanguard Communication Servi Reduce -64.0% 0.01% −0.01
ADBE Adobe Inc. Reduce -92.0% 0.00% −0.01
IWV iShares Russell 3000 ETF Reduce -60.3% 0.01% −0.01
FMHI First Trust Municipal High I Reduce -53.4% 0.01% −0.01
XLB SS Materials Select Sector Sold out 0.00% −0.01
SHOP Shopify Inc. Class A Reduce -42.9% 0.01% −0.01
VST Vistra Corp. Reduce -12.8% 0.03% −0.01
CW Curtiss-Wright Corp. Sold out 0.00% −0.01
PLD Prologis Inc. Reduce -39.4% 0.01% −0.01

Portfolio Buys Q4 2024 → Q1 2025
CACI Caci International Inc. Class A New 1.86% +1.86
LNG Cheniere Energy Inc. Add +34.1% 5.75% +1.85
SCHW Schwab (charles) Corp. Add +767.4% 1.59% +1.42
MDT Medtronic PLC New 1.37% +1.37
GLD SPDR Gold Shares Add +6.9% 4.84% +1.11
FLG Flagstar Bank NA Add +879.3% 1.07% +0.98
WMB Williams Cos Inc. Add +13.1% 3.69% +0.80
AMLP Alerian MLP ETF Add +8.6% 4.55% +0.74
BIL SS SPDR BB 1-3M T-Bill ETF Add +28.5% 2.47% +0.59
ETN Eaton Corp. PLC Add +44.8% 3.34% +0.58
ORCL Oracle Corp. Add +35.5% 3.87% +0.54
AGNC AGNC Investment Corp. Add +20.9% 2.25% +0.50
AGI Alamos Gold Inc. Class A New 0.43% +0.43
AMZN Amazon.com Inc. Add +33.0% 2.78% +0.42
TSLA Tesla Inc. Add +510.9% 0.30% +0.22
CCJ Cameco Corp. Add +35.8% 2.21% +0.22
TEM Tempus AI Inc. Class A New 0.21% +0.21
EAT Brinker International Inc. New 0.17% +0.17
PLTR Palantir Technologies Inc. Class A Add +25.3% 0.48% +0.14
PFF iShares Preferred & Income S Add +140.8% 0.19% +0.11
KTOS Kratos Defense & Security Add +20.9% 0.33% +0.09
RIOT Riot Platforms Inc. New 0.07% +0.07
PSA Public Storage Add +404.9% 0.08% +0.07
JPM JPMorgan Chase & Co. Add +0.3% 1.38% +0.06
FCX Freeport-McMoran Inc. Add +63.3% 0.14% +0.06
REM iShares Mortgage Real Estate Add +44.6% 0.16% +0.06
NLY Annaly Capital Management Inc. Add +17.2% 0.23% +0.06
MU Micron Technology Inc. Add +3.0% 0.46% +0.04
SPTL SS SPDR PF LNG TRM TSY E-Usd New 0.04% +0.04
MLPA Global X MLP ETF Add +32.5% 0.10% +0.03
TOTL SS Doubleline TR Tact ETF Add +106.6% 0.06% +0.03
XLY SS Consumer Disc Select Sect Add +37400.0% 0.03% +0.03
SHY iShares 1-3 Year Treasury Bo Add +8.4% 0.26% +0.03
PGX Invesco Preferred ETF Add +60.0% 0.07% +0.02
TLT iShares 20+ Year Treasury BD Add +184.0% 0.04% +0.02
GRID First TRST Nasd Class Edg Sgiif Add +35.5% 0.10% +0.02
XLF SS Financial Select Sector Add +40.1% 0.05% +0.02
SKYY First Trust Cloud Computing Add +39.4% 0.09% +0.02
BBCB JPMorgan Betabuilders Usd Inc. Add +156.2% 0.03% +0.02
COWZ Pacer US Cash Cows 100 ETF Add +10.0% 0.16% +0.01
PAVE Global X US Infrastructure Add +40.6% 0.05% +0.01
HACK Amplify Cybersecurity ETF Add +26.1% 0.06% +0.01
UBER Uber Technologies Inc. Add +11.5% 0.04% +0.01
VB Vanguard Most SM-Cap ETF-Usd New 0.01% +0.01
XAR SS SPDR S&P Aerospace Def Add +31.5% 0.05% +0.01
XOM Exxon Mobil Corp. Add +30.3% 0.03% +0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Add +0.3% 0.16% +0.01
LLY Eli Lilly & Co. Add +17.7% 0.04% +0.01
META Meta Platforms Inc. Class A Add +27.7% 0.04% +0.01
SOXX iShares Semiconductor ETF Add +131.4% 0.02% +0.01

Notes & Other Activity Q4 2024 → Q1 2025
PECO Phillips Edison & Company Inc. COMMON STOCK Reduce -100.0% 0 $0
ACM Aecom COM Reduce -100.0% 0 $0

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