FWL Investment Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), FWL Investment Management, LLC reported 346 stock positions worth $455.6 million. Its top holding was Cheniere Energy (LNG) at 6.0% of the portfolio, followed by Alerian MLP ETF (AMLP, 5.5%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 5.5%). Compared with Q4 2025, it opened 55 new positions, sold out of 74, added to 93 and reduced 94. The biggest buy was Landstar System (LSTR, shares +524%) and the biggest sale Oracle (ORCL, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Dallas, TX
- CIK
- 0001829231
- Portfolio Value
- $455.6M (Q1 2026)
- SEC Filing
- 0001999371-26-010798 ↗ filed May 15, 2026
Holdings Value
Holdings 346 stocks · $455.6M
| LNG Cheniere Energy Inc. | 6.04% | 96,915 | $27.5M | Add +12.3% |
| AMLP Alerian MLP ETF | 5.48% | 474,255 | $25.0M | Add +20.9% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 5.45% | 270,947 | $24.8M | Add +68.2% |
| GOOG Alphabet Inc. Class C | 4.48% | 71,175 | $20.4M | Reduce -5.1% |
| NVDA Nvidia Corp. | 4.40% | 114,911 | $20.0M | Add +31.6% |
| WMB Williams Cos Inc. | 4.18% | 261,577 | $19.0M | Add +11.9% |
| MDT Medtronic PLC | 3.92% | 206,090 | $17.9M | Add +94.6% |
| GDX Vaneck Gold Miners ETF | 3.78% | 187,556 | $17.2M | Reduce -25.1% |
| GLD SPDR Gold Shares | 3.71% | 39,321 | $16.9M | Reduce -11.0% |
| ETR Entergy Corp. | 3.50% | 142,000 | $16.0M | Add +37.4% |
| MU Micron Technology Inc. | 3.17% | 42,810 | $14.5M | Reduce -23.1% |
| CCJ Cameco Corp. | 3.09% | 129,651 | $14.1M | Reduce -15.3% |
| COPX Global X Copper Miners ETF | 3.08% | 183,761 | $14.0M | Add +17.1% |
| MSFT Microsoft Corp. | 3.01% | 37,022 | $13.7M | Reduce -0.9% |
| LSTR Landstar System Inc. | 2.90% | 82,399 | $13.2M | Add +523.7% |
| CACI Caci International Inc. Class A | 2.76% | 23,077 | $12.6M | Add +11.3% |
| IBN Icici Bank Ltd.-Spon ADR | 2.26% | 397,433 | $10.3M | Add +15.6% |
| AGNC AGNC Investment Corp. | 2.03% | 922,577 | $9.3M | Reduce -26.4% |
| URI United Rentals Inc. | 1.59% | 9,926 | $7.2M | Add +17625.0% |
| AAPL Apple Inc. | 1.36% | 24,339 | $6.2M | Reduce -2.7% |
| EWY iShares MSCI South Korea ETF | 1.31% | 48,645 | $6.0M | Add +16.5% |
| QCOM Qualcomm Inc. | 1.29% | 45,477 | $5.9M | Add +186.5% |
| IREN Iren Ltd. filed as IREN LIMITED | 1.22% | 162,469 | $5.6M | Reduce -31.7% |
| AMZN Amazon.com Inc. | 1.13% | 24,669 | $5.1M | Reduce -5.2% |
| NVT Nvent Electric PLC | 1.10% | 42,269 | $5.0M | Add +11.3% |
| CRCL Circle Internet Group Inc. | 1.09% | 52,063 | $5.0M | Add +1735333.3% |
| KTOS Kratos Defense & Security | 1.05% | 67,697 | $4.8M | Add +64.2% |
| JPM JPMorgan Chase & Co. | 0.99% | 15,377 | $4.5M | Add +8.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.98% | 53,853 | $4.4M | Add +331.3% |
| TSLA Tesla Inc. | 0.92% | 11,324 | $4.2M | Add +40.7% |
| WMT Walmart Inc. | 0.90% | 32,981 | $4.1M | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.85% | 8,074 | $3.9M | Add +0.3% |
| APTV Aptiv PLC | 0.78% | 51,102 | $3.5M | New |
| URA Global X Uranium ETF | 0.70% | 66,119 | $3.2M | Add +8.0% |
| COST Costco Wholesale Corp. | 0.65% | 2,992 | $3.0M | Reduce -1.0% |
| PLTR Palantir Technologies Inc. Class A | 0.58% | 18,061 | $2.6M | Add +9.1% |
| CVX Chevron Corp. | 0.57% | 12,626 | $2.6M | Add +89.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 4,339 | $2.5M | Reduce -1.9% |
| V Visa Inc. Class A | 0.49% | 7,413 | $2.2M | Add +38.8% |
| GOOGL Alphabet Inc. Class A | 0.45% | 7,145 | $2.1M | Reduce -1.4% |
| SIL Global X Silver Miners ETF | 0.42% | 21,464 | $1.9M | Add +507.2% |
| SCHW Schwab (charles) Corp. | 0.42% | 20,456 | $1.9M | Reduce -59.9% |
| GD General Dynamics Corp. | 0.41% | 5,424 | $1.9M | Reduce -0.1% |
| GS Goldman Sachs Group Inc. | 0.39% | 2,080 | $1.8M | Add +20.9% |
| IAU iShares Gold Trust | 0.37% | 19,090 | $1.7M | Reduce -23.5% |
| QTEC First Trust Nasdq 100 Tech I | 0.36% | 7,617 | $1.6M | Add +2.1% |
| AMGN Amgen Inc. | 0.35% | 4,583 | $1.6M | Add +0.5% |
| APD Air Products & Chemicals Inc. | 0.31% | 4,874 | $1.4M | Reduce -1.9% |
| FPEI First Trust Institutional PR | 0.31% | 73,271 | $1.4M | Add +3.1% |
| MLPA Global X MLP ETF | 0.29% | 24,374 | $1.3M | Add +14.2% |
| JCI Johnson Controls Internation | 0.27% | 9,380 | $1.2M | New |
| LLY Eli Lilly & Co. | 0.26% | 1,289 | $1.2M | Add +528.8% |
| IWF iShares Russell 1000 Growth | 0.25% | 2,675 | $1.1M | Reduce -10.1% |
| ABBV Abbvie Inc. | 0.23% | 4,865 | $1.1M | Add +309.2% |
| IVV iShares Core S&P 500 ETF | 0.23% | 1,599 | $1.0M | Add +6.4% |
| AZN Astrazeneca PLC | 0.20% | 4,506 | $889K | Add +5361.8% |
| PFF iShares Preferred & Income S | 0.19% | 28,719 | $871K | Add +33.4% |
| QQQM Invesco Nasdaq 100 ETF | 0.18% | 3,490 | $829K | Add +1.8% |
| SLV iShares Silver Trust | 0.17% | 11,649 | $794K | Add +40069.0% |
| AEP American Electric Power | 0.17% | 6,000 | $786K | New |
| PM Philip Morris International | 0.17% | 4,690 | $775K | Add +3978.3% |
| AGI Alamos Gold Inc. Class A | 0.16% | 16,687 | $741K | Reduce -48.9% |
| AXP American Express Co. | 0.15% | 2,328 | $704K | Add +431.5% |
| KO The Coca-Cola Co. | 0.15% | 9,180 | $698K | Add +3601.6% |
| NLY Annaly Capital Management Inc. | 0.15% | 32,830 | $694K | Reduce -15.0% |
| ROST Ross Stores Inc. | 0.15% | 3,200 | $693K | New |
| DE Deere & Co. | 0.15% | 1,224 | $689K | New |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.15% | 14,962 | $687K | Add +3.7% |
| SAP Sap SE-Sponsored ADR | 0.15% | 3,910 | $669K | New |
| JNJ Johnson & Johnson | 0.14% | 2,677 | $654K | Add +394.8% |
| RTX RTX Corp. | 0.14% | 3,309 | $638K | Add +1025.5% |
| CAH Cardinal Health Inc. | 0.14% | 3,000 | $634K | Add +7400.0% |
| WTW Willis Towers Watson PLC | 0.13% | 2,045 | $594K | New |
| COWZ Pacer US Cash Cows 100 ETF | 0.13% | 9,318 | $583K | Reduce -0.6% |
| WEC WEC Energy Group Inc. | 0.13% | 5,000 | $579K | New |
| TEL Te Connectivity PLC | 0.13% | 2,757 | $576K | Add +5766.0% |
| HD Home Depot Inc. | 0.13% | 1,752 | $576K | Reduce -74.8% |
| VGT Vanguard Info Tech ETF | 0.12% | 761 | $531K | Add +9.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.12% | 1,200 | $524K | No change |
| DGX Quest Diagnostics Inc. | 0.11% | 2,600 | $510K | New |
| GRID First TRST Nasd Class Edg Sgiif | 0.11% | 3,056 | $500K | Reduce -10.3% |
| AVGO Broadcom Inc. | 0.11% | 1,604 | $496K | Add +10.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.10% | 2,350 | $461K | Add +3.2% |
| BLK BlackRock Inc. | 0.09% | 440 | $423K | Add +3900.0% |
| INDA iShares MSCI India ETF | 0.08% | 8,239 | $386K | Add +92.0% |
| ONEQ Fidelity Nasdaq Comp Indx | 0.08% | 4,475 | $380K | Reduce -3.7% |
| SPGI S&P Global Inc. | 0.08% | 850 | $362K | Add +3300.0% |
| PG The Procter & Gamble Co. | 0.08% | 2,400 | $347K | New |
| EDV Vanguard Extended Dur Treas | 0.07% | 4,928 | $320K | Add +3.5% |
| SKYY First Trust Cloud Computing | 0.07% | 2,897 | $317K | Add +14.8% |
| REM iShares Mortgage Real Estate | 0.07% | 14,160 | $304K | Add +10.2% |
| SPTL SS SPDR PF LNG TRM TSY E-Usd | 0.06% | 10,000 | $263K | Add +17.6% |
| MMM 3M Co. | 0.06% | 1,805 | $262K | No change |
| FQAL Fidelity Quality Factor ETF | 0.06% | 3,549 | $258K | Reduce -3.5% |
| QUAL iShares MSCI USA Quality Fac | 0.05% | 1,294 | $248K | Reduce -4.6% |
| XAR SS SPDR S&P Aerospace Def | 0.05% | 953 | $242K | Add +4.5% |
| TOTL SS Doubleline TR Tact ETF | 0.05% | 6,052 | $240K | Add +10.4% |
| META Meta Platforms Inc. Class A | 0.05% | 409 | $234K | Reduce -83.6% |
| XLK SS Technology Select Sector | 0.05% | 1,754 | $233K | No change |
| DGRO iShares Core Dividend Growth | 0.05% | 3,290 | $231K | Add +7.6% |
Portfolio Sells Q4 2025 → Q1 2026
| ORCL Oracle Corp. | Reduce -99.8% | 0.00% | −2.90 |
| ETN Eaton Corp. PLC | Reduce -99.0% | 0.03% | −2.60 |
| GEHC GE Healthcare Technology | Reduce -99.1% | 0.02% | −2.18 |
| GDX Vaneck Gold Miners ETF | Reduce -25.1% | 3.78% | −1.39 |
| MSFT Microsoft Corp. | Reduce -0.9% | 3.01% | −1.34 |
| AGNC AGNC Investment Corp. | Reduce -26.4% | 2.03% | −1.20 |
| GOOG Alphabet Inc. Class C | Reduce -5.1% | 4.48% | −1.18 |
| TEM Tempus AI Inc. Class A | Sold out | 0.00% | −1.09 |
| VRT Vertiv Holdings Co. Class A | Reduce -97.4% | 0.04% | −0.95 |
| IREN Iren Ltd. | Reduce -31.7% | 1.22% | −0.94 |
| SCHW Schwab (charles) Corp. | Reduce -59.9% | 0.42% | −0.80 |
| MU Micron Technology Inc. | Reduce -23.1% | 3.17% | −0.65 |
| GLD SPDR Gold Shares | Reduce -11.0% | 3.71% | −0.50 |
| HD Home Depot Inc. | Reduce -74.8% | 0.13% | −0.45 |
| META Meta Platforms Inc. Class A | Reduce -83.6% | 0.05% | −0.35 |
| AMZN Amazon.com Inc. | Reduce -5.2% | 1.13% | −0.32 |
| CYBR Cyberark Software Ltd./Israel | Sold out | 0.00% | −0.30 |
| AAPL Apple Inc. | Reduce -2.7% | 1.36% | −0.28 |
| CCJ Cameco Corp. | Reduce -15.3% | 3.09% | −0.28 |
| AGI Alamos Gold Inc. Class A | Reduce -48.9% | 0.16% | −0.14 |
| IAU iShares Gold Trust | Reduce -23.5% | 0.37% | −0.12 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.9% | 0.55% | −0.10 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 0.45% | −0.09 |
| IWF iShares Russell 1000 Growth | Reduce -10.1% | 0.25% | −0.09 |
| NLY Annaly Capital Management Inc. | Reduce -15.0% | 0.15% | −0.06 |
| GD General Dynamics Corp. | Reduce -0.1% | 0.41% | −0.03 |
| FLNC Fluence Energy Inc. | Sold out | 0.00% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -31.1% | 0.04% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Sold out | 0.00% | −0.02 |
| SSO Proshares Ultra S&P500 | Sold out | 0.00% | −0.02 |
| AMD Advanced Micro Devices | Reduce -83.5% | 0.00% | −0.02 |
| ONEQ Fidelity Nasdaq Comp Indx | Reduce -3.7% | 0.08% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -64.5% | 0.01% | −0.02 |
| VONG Vanguard Russell 1000 Growth | Reduce -25.0% | 0.03% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -80.3% | 0.00% | −0.02 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.02 |
| GRID First TRST Nasd Class Edg Sgiif | Reduce -10.3% | 0.11% | −0.02 |
| SYK Stryker Corp. | Reduce -50.2% | 0.01% | −0.01 |
| ARES Ares Management Corp. Class A | Sold out | 0.00% | −0.01 |
| FTCS First Trust Capital Strength | Reduce -30.0% | 0.02% | −0.01 |
| VCR Vanguard Consumer Discre ETF | Reduce -29.3% | 0.02% | −0.01 |
| MS Morgan Stanley | Sold out | 0.00% | −0.01 |
| CSCO Cisco Systems Inc. | Reduce -17.7% | 0.03% | −0.01 |
| IGV iShares Expanded Tech-Softwa | Reduce -89.3% | 0.00% | −0.01 |
| RSPT Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.01 |
| CRH CRH PLC | Sold out | 0.00% | −0.01 |
| QUAL iShares MSCI USA Quality Fac | Reduce -4.6% | 0.05% | −0.01 |
| FQAL Fidelity Quality Factor ETF | Reduce -3.5% | 0.06% | −0.01 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.01 |
| KBE SS SPDR S&P Bank ETF | Reduce -99.5% | 0.00% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| LSTR Landstar System Inc. | Add +523.7% | 2.90% | +2.44 |
| LNG Cheniere Energy Inc. | Add +12.3% | 6.04% | +2.00 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +68.2% | 5.45% | +1.91 |
| URI United Rentals Inc. | Add +17625.0% | 1.59% | +1.58 |
| MDT Medtronic PLC | Add +94.6% | 3.92% | +1.47 |
| ETR Entergy Corp. | Add +37.4% | 3.50% | +1.20 |
| CRCL Circle Internet Group Inc. | Add +1735333.3% | 1.09% | +1.09 |
| AMLP Alerian MLP ETF | Add +20.9% | 5.48% | +1.04 |
| WMB Williams Cos Inc. | Add +11.9% | 4.18% | +0.80 |
| APTV Aptiv PLC | New | 0.78% | +0.78 |
| SHY iShares 1-3 Year Treasury Bo | Add +331.3% | 0.98% | +0.73 |
| QCOM Qualcomm Inc. | Add +186.5% | 1.29% | +0.63 |
| NVDA Nvidia Corp. | Add +31.6% | 4.40% | +0.48 |
| COPX Global X Copper Miners ETF | Add +17.1% | 3.08% | +0.37 |
| SIL Global X Silver Miners ETF | Add +507.2% | 0.42% | +0.35 |
| EWY iShares MSCI South Korea ETF | Add +16.5% | 1.31% | +0.34 |
| CVX Chevron Corp. | Add +89.1% | 0.57% | +0.33 |
| KTOS Kratos Defense & Security | Add +64.2% | 1.05% | +0.29 |
| JCI Johnson Controls Internation | New | 0.27% | +0.27 |
| LLY Eli Lilly & Co. | Add +528.8% | 0.26% | +0.21 |
| AZN Astrazeneca PLC | Add +5361.8% | 0.20% | +0.19 |
| SLV iShares Silver Trust | Add +40069.0% | 0.17% | +0.17 |
| AEP American Electric Power | New | 0.17% | +0.17 |
| ABBV Abbvie Inc. | Add +309.2% | 0.23% | +0.17 |
| NVT Nvent Electric PLC | Add +11.3% | 1.10% | +0.17 |
| PM Philip Morris International | Add +3978.3% | 0.17% | +0.17 |
| ROST Ross Stores Inc. | New | 0.15% | +0.15 |
| DE Deere & Co. | New | 0.15% | +0.15 |
| KO The Coca-Cola Co. | Add +3601.6% | 0.15% | +0.15 |
| SAP Sap SE-Sponsored ADR | New | 0.15% | +0.15 |
| CAH Cardinal Health Inc. | Add +7400.0% | 0.14% | +0.14 |
| WTW Willis Towers Watson PLC | New | 0.13% | +0.13 |
| RTX RTX Corp. | Add +1025.5% | 0.14% | +0.13 |
| WEC WEC Energy Group Inc. | New | 0.13% | +0.13 |
| TEL Te Connectivity PLC | Add +5766.0% | 0.13% | +0.12 |
| JNJ Johnson & Johnson | Add +394.8% | 0.14% | +0.12 |
| AXP American Express Co. | Add +431.5% | 0.15% | +0.12 |
| DGX Quest Diagnostics Inc. | New | 0.11% | +0.11 |
| CACI Caci International Inc. Class A | Add +11.3% | 2.76% | +0.10 |
| BLK BlackRock Inc. | Add +3900.0% | 0.09% | +0.09 |
| SPGI S&P Global Inc. | Add +3300.0% | 0.08% | +0.08 |
| PG The Procter & Gamble Co. | New | 0.08% | +0.08 |
| URA Global X Uranium ETF | Add +8.0% | 0.70% | +0.07 |
| TSLA Tesla Inc. | Add +40.7% | 0.92% | +0.05 |
| V Visa Inc. Class A | Add +38.8% | 0.49% | +0.04 |
| MLPA Global X MLP ETF | Add +14.2% | 0.29% | +0.04 |
| MRVL Marvell Technology Inc. | New | 0.04% | +0.04 |
| PSLV Sprott Physical Silver Trust | New | 0.03% | +0.03 |
| PFF iShares Preferred & Income S | Add +33.4% | 0.19% | +0.03 |
| INDA iShares MSCI India ETF | Add +92.0% | 0.08% | +0.03 |
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 |