FWL Investment Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), FWL Investment Management, LLC reported 325 stock positions worth $326.8 million. Its top holding was Oracle (ORCL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.8%) and Cheniere Energy (LNG, 4.8%). Compared with Q1 2025, it opened 63 new positions, sold out of 27, added to 71 and reduced 76. The biggest buy was Freeport-McMoran (FCX, shares +1390%) and the biggest sale an exit from iShares U.S. Medical Devices (IHI).

Most Recent 13F
Q2 2026
Location
Dallas, TX
CIK
0001829231
Portfolio Value
$326.8M (Q2 2025)
SEC Filing
0001999371-25-011318 ↗ filed Aug 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 Q4 2024 Q1 2025: $269.2M Q1 2025 Q2 2025: $326.8M $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 325 stocks · $326.8M

ORCL Oracle Corp. 4.96% 74,136 $16.2M Reduce -0.4%
MSFT Microsoft Corp. 4.80% 31,556 $15.7M Add +0.4%
LNG Cheniere Energy Inc. 4.80% 64,374 $15.7M Reduce -3.8%
BIL SS SPDR BB 1-3M T-Bill ETF 4.11% 146,583 $13.4M Add +102.6%
GOOG Alphabet Inc. Class C 4.11% 75,762 $13.4M Reduce -6.6%
GDX Vaneck Gold Miners ETF 4.03% 253,245 $13.2M Reduce -10.9%
GLD SPDR Gold Shares 3.89% 41,732 $12.7M Reduce -7.7%
AMLP Alerian MLP ETF 3.79% 253,365 $12.4M Add +7.5%
NVDA Nvidia Corp. 3.70% 76,534 $12.1M Add +4.0%
CYBR Cyberark Software Ltd./Israel 3.61% 29,019 $11.8M Reduce -2.0%
ETN Eaton Corp. PLC 3.50% 32,049 $11.4M Reduce -3.1%
CCJ Cameco Corp. 3.47% 152,795 $11.3M Add +5.5%
WMB Williams Cos Inc. 3.13% 163,044 $10.2M Reduce -2.0%
AMZN Amazon.com Inc. 3.01% 44,786 $9.8M Add +13.9%
IBN Icici Bank Ltd.-Spon ADR 2.82% 274,236 $9.2M Reduce -0.5%
CACI Caci International Inc. Class A 2.53% 17,321 $8.3M Add +26.9%
AGNC AGNC Investment Corp. 2.33% 829,648 $7.6M Add +31.1%
FCX Freeport-McMoran Inc. 1.99% 149,872 $6.5M Add +1390.4%
IREN Iren Ltd. filed as IREN LIMITED 1.83% 410,763 $6.0M Add +274.1%
AAPL Apple Inc. 1.63% 25,889 $5.3M Reduce -13.8%
OKE Oneok Inc. 1.49% 59,525 $4.9M Add +3604.1%
MDT Medtronic PLC 1.45% 54,412 $4.7M Add +32.8%
TEM Tempus AI Inc. Class A 1.33% 68,458 $4.3M Add +483.1%
JPM JPMorgan Chase & Co. 1.32% 14,896 $4.3M Reduce -1.9%
BRK.B Berkshire Hathaway Inc. Class B 1.27% 8,530 $4.1M Reduce -0.8%
NOW ServiceNow Inc. 1.17% 3,719 $3.8M Add +74280.0%
WMT Walmart Inc. 1.08% 35,937 $3.5M Reduce -5.7%
SCHW Schwab (charles) Corp. 0.98% 35,124 $3.2M Reduce -35.8%
COST Costco Wholesale Corp. 0.97% 3,192 $3.2M Add +4.5%
MU Micron Technology Inc. 0.96% 25,399 $3.1M Add +76.5%
HD Home Depot Inc. 0.94% 8,404 $3.1M Add +11.3%
VRT Vertiv Holdings Co. Class A 0.94% 23,841 $3.1M Add +83.8%
FLG Flagstar Bank NA 0.86% 266,158 $2.8M Add +7.6%
QQQ Invesco QQQ Trust Series 1 0.84% 4,964 $2.7M Reduce -46.8%
PLTR Palantir Technologies Inc. Class A 0.72% 17,195 $2.3M Add +13.4%
V Visa Inc. Class A 0.61% 5,606 $2.0M Reduce -7.9%
CB Chubb Ltd. 0.59% 6,695 $1.9M Add +2.8%
PG The Procter & Gamble Co. 0.55% 11,381 $1.8M Add +11.3%
GD General Dynamics Corp. 0.54% 6,017 $1.8M Add +10.2%
ACN Accenture PLC Class A 0.53% 5,768 $1.7M Add +4.5%
APD Air Products & Chemicals Inc. 0.51% 5,957 $1.7M Add +6.1%
QTEC First Trust Nasdq 100 Tech I 0.51% 7,802 $1.7M Add +2.8%
KTOS Kratos Defense & Security 0.50% 35,017 $1.6M Add +17.6%
IAU iShares Gold Trust 0.48% 25,216 $1.6M Reduce -1.6%
AMGN Amgen Inc. 0.44% 5,133 $1.4M Add +9.5%
IWF iShares Russell 1000 Growth 0.44% 3,350 $1.4M Reduce -5.6%
FPEI First Trust Institutional PR 0.42% 72,505 $1.4M Reduce -0.7%
META Meta Platforms Inc. Class A 0.41% 1,817 $1.3M Add +795.1%
TSLA Tesla Inc. 0.40% 4,133 $1.3M Add +34.2%
IVV iShares Core S&P 500 ETF 0.38% 1,998 $1.2M Reduce -12.8%
AGI Alamos Gold Inc. Class A 0.37% 45,512 $1.2M Add +4.6%
SHY iShares 1-3 Year Treasury Bo 0.31% 12,288 $1.0M Add +45.1%
GOOGL Alphabet Inc. Class A 0.31% 5,678 $1.0M Reduce -4.8%
PAGP Plains GP Holdings LP 0.30% 49,929 $970K New
QQQM Invesco Nasdaq 100 ETF 0.28% 4,083 $927K Reduce -29.6%
URA Global X Uranium ETF 0.26% 21,529 $836K Reduce -77.8%
EAT Brinker International Inc. 0.24% 4,397 $793K Add +44.5%
NLY Annaly Capital Management Inc. 0.22% 37,936 $714K Add +26.5%
GS Goldman Sachs Group Inc. 0.20% 936 $662K New
MSTR Strategy Inc. filed as MICROSTRATEGY INC 0.20% 1,587 $642K New
CORZ Core Scientific Inc. 0.17% 32,945 $562K Add +41081.3%
ONEQ Fidelity Nasdaq Comp Indx 0.17% 6,986 $560K Reduce -16.4%
VUG Vanguard Mrngstar GR ETF-Sui 0.16% 1,200 $526K No change
PFF iShares Preferred & Income S 0.15% 15,790 $484K Reduce -3.9%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.14% 5,794 $473K Add +4.4%
VGT Vanguard Info Tech ETF 0.14% 697 $462K No change
VTV Vanguard Mrngstr Val ETF-Aui 0.13% 2,388 $422K Reduce -11.2%
COWZ Pacer US Cash Cows 100 ETF 0.12% 7,258 $400K Reduce -5.7%
FQAL Fidelity Quality Factor ETF 0.12% 5,563 $387K Reduce -14.2%
RIOT Riot Platforms Inc. 0.11% 31,843 $360K Add +23.4%
GRID First TRST Nasd Class Edg Sgiif 0.11% 2,567 $357K Add +7.1%
ISRG Intuitive Surgical Inc. 0.11% 636 $346K New
SKYY First Trust Cloud Computing 0.10% 2,815 $342K Add +14.4%
DGRO iShares Core Dividend Growth 0.10% 4,934 $315K Reduce -15.7%
AVGO Broadcom Inc. 0.10% 1,133 $312K Add +8.9%
CVX Chevron Corp. 0.09% 2,160 $309K New
REM iShares Mortgage Real Estate 0.09% 14,061 $301K Reduce -25.6%
IEF iShares 7-10 Year Treasury B 0.09% 3,085 $295K New
MLPA Global X MLP ETF 0.09% 5,702 $286K Add +14.1%
SPTL SS SPDR PF LNG TRM TSY E-Usd 0.08% 10,042 $267K Add +186.9%
QUAL iShares MSCI USA Quality Fac 0.07% 1,295 $237K Reduce -17.6%
XLK SS Technology Select Sector 0.07% 902 $228K No change
EDV Vanguard Extended Dur Treas 0.07% 3,305 $222K Reduce -15.6%
PSA Public Storage 0.07% 750 $220K Add +3.2%
EPI Wisdomtree India Earnings 0.07% 4,534 $215K Reduce -8.9%
HACK Amplify Cybersecurity ETF 0.06% 2,358 $204K Add +6.1%
ABBV Abbvie Inc. 0.06% 1,097 $204K Reduce -12.9%
EWJ iShares MSCI Japan ETF 0.06% 2,677 $201K Add +22.4%
AGG iShares Core U.S. Aggregate 0.06% 2,012 $200K No change
COF Capital One Financial Corp. 0.06% 928 $197K New
VONG Vanguard Russell 1000 Growth 0.06% 1,700 $186K Reduce -25.2%
XAR SS SPDR S&P Aerospace Def 0.05% 849 $179K Add +10.6%
SCHX Schwab US Large-Cap ETF 0.05% 7,300 $178K Reduce -0.9%
TOTL SS Doubleline TR Tact ETF 0.05% 4,239 $170K Add +13.2%
PAVE Global X US Infrastructure 0.05% 3,891 $170K Add +10.8%
IWR iShares Russell Mid-Cap ETF 0.05% 1,759 $162K Reduce -2.8%
KMI Kinder Morgan Inc. 0.05% 5,500 $162K Reduce -3.2%
FTCS First Trust Capital Strength 0.05% 1,734 $158K Reduce -24.5%
VOT Vngrd Mrngstr MC GRW ETF-Usd 0.05% 518 $147K No change
LLY Eli Lilly & Co. 0.04% 188 $147K Add +28.8%
CSCO Cisco Systems Inc. 0.04% 2,104 $146K Add +8.8%
COPX Global X Copper Miners ETF 0.04% 3,096 $139K Add +43.2%
IYF iShares US Financials ETF 0.04% 1,148 $139K Reduce -12.2%
AMT American Tower Corp. 0.04% 627 $139K Reduce -1.4%
DVY iShares Select Dividend ETF 0.04% 1,015 $135K No change
SOXQ Invesco PHLX Semiconductor 0.04% 3,086 $135K Add +8.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.04% 217 $134K No change
UBER Uber Technologies Inc. 0.04% 1,268 $118K Reduce -18.0%
PWR Quanta Services Inc. 0.03% 302 $114K No change
SCHG Schwab US Large-Cap Growth 0.03% 3,748 $109K New
VCR Vanguard Consumer Discre ETF 0.03% 297 $108K Reduce -19.1%
AXP American Express Co. 0.03% 334 $107K Add +11.3%
CMS CMS Energy Corp. 0.03% 1,500 $104K No change
CRM Salesforce Inc. 0.03% 380 $104K Reduce -9.9%
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.03% 1,375 $101K Reduce -6.8%
GLDM SPDR Gold Minishares Trust 0.03% 1,536 $101K Reduce -4.0%
JNJ Johnson & Johnson 0.03% 654 $100K Add +1.1%
MBB iShares MBS ETF 0.03% 1,046 $98K Add +9409.1%
MLPX Global X MLP & Energy Infras 0.03% 1,550 $97K Reduce -6.1%
IMTM iShares MSCI Intl Momentum F 0.03% 2,116 $97K No change
IAI iShares U.S. Broker-Dealers 0.03% 560 $95K New
SHYG iShares 0-5 YR HY Corp. Bond 0.03% 2,156 $93K Add +1291.0%
NEE Nextera Energy Inc. 0.03% 1,320 $92K No change
NFLX Netflix Inc. 0.03% 66 $88K Add +312.5%
XLY SS Consumer Disc Select Sect 0.03% 406 $88K Add +8.3%
SDY SS SPDR S&P Dividend ETF 0.03% 616 $84K Add +2.0%
ICE Intercontinental Exchange Inc. 0.03% 450 $83K No change
XOM Exxon Mobil Corp. 0.03% 764 $82K Add +3.8%
BBCB JPMorgan Betabuilders Usd Inc. 0.03% 1,802 $82K Add +14.9%
TDG Transdigm Group Inc. 0.02% 50 $76K Reduce -28.6%
IJR iShares Core S&P Small-Cap E 0.02% 656 $72K Reduce -38.0%
VGLT Vanguard Long-Term Treasury 0.02% 1,258 $71K No change
MA Mastercard Inc. Class A 0.02% 125 $70K No change
NN Nextnav Inc. 0.02% 4,585 $70K New
VFH Vanguard Financials ETF 0.02% 544 $69K No change
LOW Lowe's Cos Inc. 0.02% 310 $69K No change
D Dominion Energy Inc. 0.02% 1,203 $68K Reduce -13.4%
ARKG ARK Genomic Revolution ETF 0.02% 2,765 $67K Add +750.8%
SYK Stryker Corp. 0.02% 160 $63K No change
PEP Pepsico Inc. 0.02% 478 $63K No change
WGMI CS BTC Min Dig PWR ETF 0.02% 2,760 $63K Add +12.9%
DOW Dow Inc. 0.02% 2,312 $61K New
ARKQ ARK Autonomous Tech & Robot 0.02% 684 $61K New
TLT iShares 20+ Year Treasury BD 0.02% 690 $61K Reduce -35.2%
FNDX Schwab Fndmntl US LRG Co. ETF 0.02% 2,391 $59K New
TSM Taiwan Semiconductor-SP ADR 0.02% 253 $57K Add +26.5%
SDVY First Trust Smid Cap Rising 0.02% 1,623 $57K Reduce -35.9%
AMD Advanced Micro Devices 0.02% 402 $57K Reduce -42.7%
VOO Vanguard S&P 500 ETF 0.02% 100 $57K Reduce -13.0%
ABT Abbott Laboratories 0.02% 366 $50K Add +9.6%
MELI MercadoLibre Inc. 0.01% 18 $47K No change
VTI VG Morningstar TS MKT ETF-US 0.01% 153 $47K No change
SGDM Sprott Gold Miners ETF 0.01% 1,000 $45K No change
IGV iShares Expanded Tech-Softwa 0.01% 409 $45K Add +339.8%
XYL Xylem Inc. 0.01% 329 $43K New
TRV The Travelers Cos Inc. 0.01% 158 $42K Add +5.3%
URI United Rentals Inc. 0.01% 56 $42K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.01% 383 $42K Reduce -1.3%
IJH iShares Core S&P Midcap ETF 0.01% 665 $41K No change
RSPT Invesco S&P 500 Equal Weight 0.01% 1,000 $41K Reduce -33.3%
SFM Sprouts Farmers Market Inc. 0.01% 247 $41K No change
IYC iShares US Consumer Discreti 0.01% 400 $40K No change
SPYV SS SPDR P S&P 500 Value ETF 0.01% 735 $38K No change
NVO Novo-Nordisk A/S-Spons ADR 0.01% 557 $38K Add +21.9%
DUK Duke Energy Corp. 0.01% 324 $38K No change
BA The Boeing Co. 0.01% 177 $37K No change
MBSF Regan Floating Rate MBS ETF 0.01% 1,430 $36K Add +13.9%
T AT&T Inc. 0.01% 1,248 $36K No change
SHOP Shopify Inc. Class A 0.01% 300 $35K No change
EW Edwards Lifesciences Corp. 0.01% 440 $34K No change
ICLN iShares Global Clean Energy 0.01% 2,610 $34K Reduce -2.4%
MFC Manulife Financial Corp. 0.01% 1,066 $34K No change
ARM Arm Holdings PLC-ADR 0.01% 210 $34K New
PLD Prologis Inc. 0.01% 320 $34K No change
POOL Pool Corp. 0.01% 115 $34K No change
QUBT Quantum Computing Inc. 0.01% 1,700 $33K New
SO The Southern Co. 0.01% 350 $32K No change
INDA iShares MSCI India ETF 0.01% 577 $32K Reduce -56.2%
SHAK Shake Shack Inc. Class A 0.01% 225 $32K No change
CTAS Cintas Corp. 0.01% 140 $31K No change
OEF iShares S&P 100 ETF 0.01% 100 $30K No change
FDN First Trust DJ Internet Ind 0.01% 111 $30K No change
DWAS Invesco Dorsey Wright Smallc 0.01% 332 $28K No change
ASML ASML Holding NV-NY Reg SHS 0.01% 35 $28K No change
CDNS Cadence Design SYS Inc. 0.01% 91 $28K No change
COIN Coinbase Global Inc. Class A 0.01% 80 $28K No change
XLRE SS Real Estate Select Sector 0.01% 648 $27K No change
BSX Boston Scientific Corp. 0.01% 244 $26K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.01% 85 $25K No change
HLI Houlihan Lokey Inc. 0.01% 138 $25K No change
ITW Illinois Tool Works 0.01% 100 $25K No change
PANW Palo Alto Networks Inc. 0.01% 120 $25K Reduce -33.7%
VGSH Vanguard Short-Term Treasury 0.01% 414 $24K No change
PNC PNC Financial Services Group 0.01% 126 $23K Reduce -30.0%
EMR Emerson Electric Co. 0.01% 165 $22K No change
IYK iShares US Consumer Staples 0.01% 300 $21K No change
IWV iShares Russell 3000 ETF 0.01% 60 $21K No change
AMAT Applied Materials Inc. 0.01% 112 $21K No change
GNRC Generac Holdings Inc. 0.01% 140 $20K No change
INFY Infosys Ltd.-SP ADR 0.01% 1,003 $19K No change
TMO Thermo Fisher Scientific Inc. 0.01% 45 $18K No change
VNQ Vanguard Real Estate ETF 0.01% 200 $18K New
ENVX Enovix Corp. 0.01% 1,650 $17K No change
IYH iShares U.S. Healthcare ETF 0.01% 300 $17K No change
FSLR First Solar Inc. 0.01% 100 $17K New
CEG Constellation Energy 0.00% 50 $16K Reduce -37.5%
SPTM SS SPDR P S&P 1500 Comp ETF 0.00% 213 $16K No change
VZ Verizon Communications Inc. 0.00% 361 $16K No change
MMM 3M Co. 0.00% 100 $15K No change
ROP Roper Technologies Inc. 0.00% 25 $14K No change
TGT Target Corp. 0.00% 142 $14K Reduce -15.0%
VRTX Vertex Pharmaceuticals Inc. 0.00% 30 $13K Reduce -33.3%
SPGI S&P Global Inc. 0.00% 25 $13K No change
GBTC Grayscale Bitcoin Trust ETF 0.00% 150 $13K No change
DG Dollar General Corp. 0.00% 110 $13K No change
COWG Pacer US LRG Cap Cows GR LD 0.00% 357 $13K New
EMXC iShares MSCI Emr MRK Ex Chna 0.00% 198 $13K Reduce -2.5%
IGSB iShares 1-5Y Inv Grade Corp. 0.00% 230 $12K No change
JPST JPMorgan Ultra-Short Income 0.00% 232 $12K No change
BKNG Booking Holdings Inc. 0.00% 2 $12K No change
CLOI Vaneck Clo ETF 0.00% 216 $11K No change
SMFG Sumitomo Mitsui-Spons ADR 0.00% 751 $11K New
GE General Electric filed as GE AEROSPACE 0.00% 44 $11K Add +131.6%
VST Vistra Corp. 0.00% 58 $11K Reduce -90.0%
CLS Celestica Inc. 0.00% 71 $11K New
PH Parker Hannifin Corp. 0.00% 15 $10K New
BBVA Banco Bilbao Vizcaya-SP ADR 0.00% 657 $10K New
SAP Sap SE-Sponsored ADR 0.00% 33 $10K No change
STWD Starwood Property Trust Inc. 0.00% 500 $10K No change
MS Morgan Stanley 0.00% 69 $10K New
QCOM Qualcomm Inc. 0.00% 61 $10K No change
DHR Danaher Corp. 0.00% 49 $10K No change
VWO Vanguard Ftse Emerging Marke 0.00% 195 $10K No change
EME Emcor Group Inc. 0.00% 18 $10K New
XLE SS Energy Select Sector 0.00% 110 $9K Reduce -24.1%
RBA RB Global Inc. 0.00% 87 $9K No change
EFA iShares MSCI Eafe ETF 0.00% 100 $9K No change
RY Royal Bank of Canada 0.00% 67 $9K New
FNDF Schwab Fndmn Intl LRG Co. ETF 0.00% 213 $9K No change
BGS B&G Foods Inc. 0.00% 2,000 $8K No change
RSP Invesco S&P 500 Equal Weight 0.00% 45 $8K No change
FCG First Trust Natural Gas ETF 0.00% 345 $8K Reduce -37.3%
CW Curtiss-Wright Corp. 0.00% 16 $8K New
COR Cencora Inc. 0.00% 26 $8K New
QBTS D-Wave Quantum Inc. 0.00% 525 $8K New
NGG National Grid PLC-SP ADR 0.00% 100 $7K New
UBS UBS Group AG-Reg 0.00% 219 $7K No change
EG Everest Group Ltd. 0.00% 21 $7K New
IBB iShares Biotechnology ETF 0.00% 56 $7K Reduce -21.1%
STRL Sterling Infrastructure Inc. 0.00% 30 $7K New
JMOM JPMorgan US Momentum Factor 0.00% 107 $7K No change
CLOU Global X Cloud Computing ETF 0.00% 280 $7K No change
IWM iShares Russell 2000 ETF 0.00% 30 $6K No change
TKO Tko Group Holdings Inc. 0.00% 35 $6K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.00% 151 $6K No change
AVLV Avantis US Large Cap Value 0.00% 89 $6K No change
SCCO Southern Copper Corp. 0.00% 60 $6K No change
XBI SS SPDR S&P Biotech ETF 0.00% 72 $6K Reduce -24.2%
GFI Gold Fields Ltd.-Spons ADR 0.00% 250 $6K New
XDEC FT Vest US Equity Enhance & 0.00% 150 $6K No change
CHKP Check Point Software Tech 0.00% 26 $6K New
IHE iShares US Pharmaceuticals E 0.00% 84 $6K Reduce -53.3%
IUSG iShares Core S&P U.S. Growth 0.00% 36 $5K No change
MRK Merck & Co. Inc. 0.00% 62 $5K Reduce -98.1%
INTU Intuit Inc. 0.00% 6 $5K No change
SMTH Alps SMTH Cor BD Plus ETF 0.00% 178 $5K No change
SPHQ Invesco S&P 500 Quality ETF 0.00% 62 $4K Reduce -94.1%
AVDE Avantis International Equity 0.00% 59 $4K No change
XLV SS Health Care Select Sector 0.00% 30 $4K No change
EQIX Equinix Inc. 0.00% 5 $4K No change
RXRX Recursion Pharmaceuticals-A 0.00% 770 $4K No change
BSM Black Stone Minerals LP 0.00% 285 $4K No change
FISV Fiserv Inc. 0.00% 21 $4K No change
FEZ State Street SPDR Euro Stoxx 0.00% 60 $4K No change
MDYV SS SPDR S&P 400 MC Val ETF 0.00% 45 $4K No change
VBR Vngrd Mrngst SL-CP Val ETF-U 0.00% 17 $3K No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.00% 3 $3K No change
UNH Unitedhealth Group Inc. 0.00% 10 $3K Reduce -99.8%
CCL Carnival Corp. 0.00% 100 $3K New
ENB Enbridge Inc. 0.00% 59 $3K New
SRE Sempra 0.00% 34 $3K New
BDX Becton Dickinson and Co. 0.00% 14 $2K New
CMCSA Comcast Corp. Class A 0.00% 67 $2K New
IWS iShares Russell Mid-Cap Valu 0.00% 18 $2K No change
MCK McKesson Corp. 0.00% 3 $2K No change
USMV iShares MSCI USA Min Vol Fac 0.00% 22 $2K No change
CSQ Calamos Strat TTL RTRN FND 0.00% 115 $2K No change
NCLH Norwegian Cruise Line Holdin 0.00% 100 $2K New
SJNK SS SPDR BB St Hi Yield ETF 0.00% 79 $2K Add +102.6%
UL Unilever PLC 0.00% 32 $2K New
UYLD Angel Oak Ultrashort Income 0.00% 38 $2K No change
TMUS T-Mobile US Inc. 0.00% 8 $2K New
IFN Aberdeen India Fund Inc. 0.00% 115 $2K No change
HYS PIMCO 0-5 Year H/Y Corp. Bond 0.00% 20 $2K No change
SOLV Solventum Corp. 0.00% 25 $2K No change
APO Apollo Global Management Inc. 0.00% 12 $2K Reduce -96.8%
SOXX iShares Semiconductor ETF 0.00% 7 $2K Reduce -97.1%
VLTO Veralto Corp. 0.00% 16 $2K No change
RTX RTX Corp. 0.00% 11 $2K New
WM Waste Management Inc. 0.00% 7 $2K New
SPSB SS SPDR P St C Corp. ETF 0.00% 52 $2K No change
KO The Coca-Cola Co. 0.00% 22 $2K New
MET Metlife Inc. 0.00% 19 $2K New
SLYG SS SPDR S&P 600 SC GR ETF 0.00% 17 $2K No change
NOC Northrop Grumman Corp. 0.00% 3 $2K New
HLN Haleon PLC-ADR 0.00% 138 $1K New
AVB Avalonbay Communities Inc. 0.00% 7 $1K New
LIN Linde PLC 0.00% 3 $1K New
SLYV SS SPDR S&P 600 SC Val ETF 0.00% 17 $1K No change
VMC Vulcan Materials Co. 0.00% 5 $1K New
LHX L3HARRIS Technologies Inc. 0.00% 5 $1K New
TEL Te Connectivity PLC 0.00% 7 $1K New
CVS CVS Health Corp. 0.00% 17 $1K New
UNP Union Pacific Corp. 0.00% 5 $1K New
AZN Astrazeneca PLC-Spons ADR 0.00% 16 $1K New
DEO Diageo PLC-Sponsored ADR 0.00% 11 $1K New
TXN Texas Instruments Inc. 0.00% 5 $1K New
FLIA Franklin International Aggre 0.00% 47 $970 No change
EQT Eqt Corp. 0.00% 15 $875 New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.00% 7 $868 New
DTE DTE Energy Company 0.00% 6 $795 New
ROBT First Trust Nasdaq Artificia 0.00% 15 $725 No change
EIX Edison International 0.00% 9 $464 New
KVUE Kenvue Inc. 0.00% 8 $167 No change
XLF SS Financial Select Sector 0.00% 1 $44 Reduce -100.0%

Portfolio Sells Q1 2025 → Q2 2025

IHI iShares U.S. Medical Devices Sold out 0.00% −4.22
LNG Cheniere Energy Inc. Reduce -3.8% 4.80% −0.96
GLD SPDR Gold Shares Reduce -7.7% 3.89% −0.95
AAPL Apple Inc. Reduce -13.8% 1.63% −0.85
GDX Vaneck Gold Miners ETF Reduce -10.9% 4.03% −0.82
QQQ Invesco QQQ Trust Series 1 Reduce -46.8% 0.84% −0.79
UNH Unitedhealth Group Inc. Reduce -99.8% 0.00% −0.78
NLR Vaneck Urani & Nuclr ETF-Usd Sold out 0.00% −0.67
SCHW Schwab (charles) Corp. Reduce -35.8% 0.98% −0.61
GOOG Alphabet Inc. Class C Reduce -6.6% 4.11% −0.59
URA Global X Uranium ETF Reduce -77.8% 0.26% −0.57
WMB Williams Cos Inc. Reduce -2.0% 3.13% −0.56
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.8% 1.27% −0.43
IBN Icici Bank Ltd.-Spon ADR Reduce -0.5% 2.82% −0.40
V Visa Inc. Class A Reduce -7.9% 0.61% −0.18
WMT Walmart Inc. Reduce -5.7% 1.08% −0.17
QQQM Invesco Nasdaq 100 ETF Reduce -29.6% 0.28% −0.13
MRK Merck & Co. Inc. Reduce -98.1% 0.00% −0.10
CYBR Cyberark Software Ltd./Israel Reduce -2.0% 3.61% −0.10
IVV iShares Core S&P 500 ETF Reduce -12.8% 0.38% −0.10
FPEI First Trust Institutional PR Reduce -0.7% 0.42% −0.09
IAU iShares Gold Trust Reduce -1.6% 0.48% −0.08
PGX Invesco Preferred ETF Sold out 0.00% −0.07
REM iShares Mortgage Real Estate Reduce -25.6% 0.09% −0.07
JPM JPMorgan Chase & Co. Reduce -1.9% 1.32% −0.06
DFS Discover Financial Services Sold out 0.00% −0.06
XLF SS Financial Select Sector Reduce -100.0% 0.00% −0.05
VTV Vanguard Mrngstr Val ETF-Aui Reduce -11.2% 0.13% −0.04
EXPE Expedia Group Inc. Sold out 0.00% −0.04
IWF iShares Russell 1000 Growth Reduce -5.6% 0.44% −0.04
ONEQ Fidelity Nasdaq Comp Indx Reduce -16.4% 0.17% −0.04
PFF iShares Preferred & Income S Reduce -3.9% 0.15% −0.04
DGRO iShares Core Dividend Growth Reduce -15.7% 0.10% −0.04
GOOGL Alphabet Inc. Class A Reduce -4.8% 0.31% −0.04
FQAL Fidelity Quality Factor ETF Reduce -14.2% 0.12% −0.04
ABBV Abbvie Inc. Reduce -12.9% 0.06% −0.04
EDV Vanguard Extended Dur Treas Reduce -15.6% 0.07% −0.04
COWZ Pacer US Cash Cows 100 ETF Reduce -5.7% 0.12% −0.03
FTCS First Trust Capital Strength Reduce -24.5% 0.05% −0.03
QUAL iShares MSCI USA Quality Fac Reduce -17.6% 0.07% −0.03
SPHQ Invesco S&P 500 Quality ETF Reduce -94.1% 0.00% −0.02
VST Vistra Corp. Reduce -90.0% 0.00% −0.02
VONG Vanguard Russell 1000 Growth Reduce -25.2% 0.06% −0.02
IJR iShares Core S&P Small-Cap E Reduce -38.0% 0.02% −0.02
APO Apollo Global Management Inc. Reduce -96.8% 0.00% −0.02
TLT iShares 20+ Year Treasury BD Reduce -35.2% 0.02% −0.02
SOXX iShares Semiconductor ETF Reduce -97.1% 0.00% −0.02
INDA iShares MSCI India ETF Reduce -56.2% 0.01% −0.02
EPI Wisdomtree India Earnings Reduce -8.9% 0.07% −0.01
SDVY First Trust Smid Cap Rising Reduce -35.9% 0.02% −0.01

Portfolio Buys Q1 2025 → Q2 2025

FCX Freeport-McMoran Inc. Add +1390.4% 1.99% +1.85
BIL SS SPDR BB 1-3M T-Bill ETF Add +102.6% 4.11% +1.65
IREN Iren Ltd. Add +274.1% 1.83% +1.58
OKE Oneok Inc. Add +3604.1% 1.49% +1.43
CCJ Cameco Corp. Add +5.5% 3.47% +1.26
NOW ServiceNow Inc. Add +74280.0% 1.17% +1.17
TEM Tempus AI Inc. Class A Add +483.1% 1.33% +1.12
NVDA Nvidia Corp. Add +4.0% 3.70% +0.74
CACI Caci International Inc. Class A Add +26.9% 2.53% +0.67
VRT Vertiv Holdings Co. Class A Add +83.8% 0.94% +0.59
MU Micron Technology Inc. Add +76.5% 0.96% +0.49
MSFT Microsoft Corp. Add +0.4% 4.80% +0.42
META Meta Platforms Inc. Class A Add +795.1% 0.41% +0.37
PAGP Plains GP Holdings LP New 0.30% +0.30
PLTR Palantir Technologies Inc. Class A Add +13.4% 0.72% +0.24
AMZN Amazon.com Inc. Add +13.9% 3.01% +0.23
GS Goldman Sachs Group Inc. New 0.20% +0.20
MSTR Strategy Inc. New 0.20% +0.20
CORZ Core Scientific Inc. Add +41081.3% 0.17% +0.17
KTOS Kratos Defense & Security Add +17.6% 0.50% +0.17
ISRG Intuitive Surgical Inc. New 0.11% +0.11
TSLA Tesla Inc. Add +34.2% 0.40% +0.11
CVX Chevron Corp. New 0.09% +0.09
IEF iShares 7-10 Year Treasury B New 0.09% +0.09
MDT Medtronic PLC Add +32.8% 1.45% +0.08
AGNC AGNC Investment Corp. Add +31.1% 2.33% +0.08
EAT Brinker International Inc. Add +44.5% 0.24% +0.07
COF Capital One Financial Corp. New 0.06% +0.06
SHY iShares 1-3 Year Treasury Bo Add +45.1% 0.31% +0.05
SPTL SS SPDR PF LNG TRM TSY E-Usd Add +186.9% 0.08% +0.05
RIOT Riot Platforms Inc. Add +23.4% 0.11% +0.04
SCHG Schwab US Large-Cap Growth New 0.03% +0.03
AVGO Broadcom Inc. Add +8.9% 0.10% +0.03
MBB iShares MBS ETF Add +9409.1% 0.03% +0.03
IAI iShares U.S. Broker-Dealers New 0.03% +0.03
SHYG iShares 0-5 YR HY Corp. Bond Add +1291.0% 0.03% +0.03
NFLX Netflix Inc. Add +312.5% 0.03% +0.02
NN Nextnav Inc. New 0.02% +0.02
ARKQ ARK Autonomous Tech & Robot New 0.02% +0.02
DOW Dow Inc. New 0.02% +0.02
QTEC First Trust Nasdq 100 Tech I Add +2.8% 0.51% +0.02
ARKG ARK Genomic Revolution ETF Add +750.8% 0.02% +0.02
FNDX Schwab Fndmntl US LRG Co. ETF New 0.02% +0.02
XYL Xylem Inc. New 0.01% +0.01
SKYY First Trust Cloud Computing Add +14.4% 0.10% +0.01
COPX Global X Copper Miners ETF Add +43.2% 0.04% +0.01
IGV iShares Expanded Tech-Softwa Add +339.8% 0.01% +0.01
ARM Arm Holdings PLC-ADR New 0.01% +0.01
QUBT Quantum Computing Inc. New 0.01% +0.01
XAR SS SPDR S&P Aerospace Def Add +10.6% 0.05% +0.01

Notes & Other Activity Q1 2025 → Q2 2025

ACM Aecom COM Sold out 0 $0before exit
PECO Phillips Edison & Company Inc. COMMON STOCK 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