TLWM
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 7, 2024), TLWM reported 73 stock positions worth $493.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.0% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 19.4%) and iShares MSCI Acwi Ex US ETF (ACWX, 9.5%). Compared with Q2 2024, it opened 6 new positions, sold out of 2, added to 19 and reduced 41. The biggest buy was a new position in iShares Ibonds Dec 2025 Term (IBDQ) and the biggest sale an exit from Walt Disney (DIS).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001732537
- Portfolio Value
- $493.1M (Q3 2024)
- SEC Filing
- 0001085146-24-004673 ↗ filed Oct 7, 2024
Holdings Value
Holdings 73 stocks · $493.1M
| SPY SS SPDR S&P 500 ETF Trust-US | 19.98% | 171,736 | $98.5M | Add +0.6% |
| IWV iShares Russell 3000 ETF | 19.40% | 292,761 | $95.7M | Add +0.9% |
| ACWX iShares MSCI Acwi Ex US ETF | 9.46% | 815,103 | $46.6M | Add +0.7% |
| VTI VG Morningstar TS MKT ETF-US | 7.88% | 137,253 | $38.9M | Add +0.3% |
| BSCQ Invesco Bulletshares 2026 CB | 5.59% | 1,408,454 | $27.5M | Add +2.6% |
| BSCS Invesco Bulletshares 2028 CB | 5.08% | 1,217,970 | $25.0M | Add +2.8% |
| BSCU Invesco Bulletshares 2030 CB | 5.05% | 1,468,501 | $24.9M | Add +3.9% |
| BSCP Invesco Bulletshares 2025 CB | 4.32% | 1,031,060 | $21.3M | Add +5.3% |
| BSCR Invesco Bulletshares 2027 CB | 3.99% | 998,631 | $19.7M | Add +4.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 3.87% | 348,919 | $19.1M | Add +0.4% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.31% | 257,013 | $6.5M | New |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.89% | 181,042 | $4.4M | New |
| AAPL Apple Inc. | 0.60% | 12,668 | $3.0M | Reduce -21.3% |
| MSFT Microsoft Corp. | 0.49% | 5,623 | $2.4M | Add +18.6% |
| BSCO Invesco Bulletshares 2024 CB | 0.47% | 110,869 | $2.3M | Add +24.8% |
| META Meta Platforms Inc. Class A | 0.47% | 4,062 | $2.3M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 0.46% | 12,113 | $2.3M | Reduce -1.7% |
| TSLA Tesla Inc. | 0.44% | 8,220 | $2.2M | Reduce -0.9% |
| WMT Walmart Inc. | 0.41% | 24,907 | $2.0M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.39% | 11,484 | $1.9M | Reduce -1.4% |
| CRM Salesforce Inc. | 0.36% | 6,417 | $1.8M | Add +28.2% |
| JPM JPMorgan Chase & Co. | 0.34% | 7,922 | $1.7M | Reduce -1.8% |
| CRS Carpenter Technology | 0.31% | 9,542 | $1.5M | Reduce -2.1% |
| UNH Unitedhealth Group Inc. | 0.31% | 2,603 | $1.5M | Reduce -3.2% |
| RSG Republic Services Inc. | 0.29% | 7,142 | $1.4M | Reduce -1.5% |
| V Visa Inc. Class A | 0.29% | 5,161 | $1.4M | Reduce -1.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.28% | 34,763 | $1.4M | Reduce -1.8% |
| MS Morgan Stanley | 0.28% | 13,031 | $1.4M | Reduce -1.8% |
| BSCW Invesco Bulletshares 2032 CB | 0.27% | 63,737 | $1.3M | No change |
| CVX Chevron Corp. | 0.27% | 9,025 | $1.3M | Reduce -1.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.25% | 15,964 | $1.2M | Reduce -2.5% |
| NVDA Nvidia Corp. | 0.25% | 10,142 | $1.2M | Add +3.9% |
| MRK Merck & Co. Inc. | 0.24% | 10,627 | $1.2M | Reduce -0.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.24% | 13,021 | $1.2M | Add +56.4% |
| BSCV Invesco Bulletshares 2031 CB | 0.24% | 70,556 | $1.2M | No change |
| HON Honeywell International Inc. | 0.23% | 5,584 | $1.2M | Reduce -2.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.23% | 2,464 | $1.1M | Reduce -2.2% |
| BSX Boston Scientific Corp. | 0.23% | 13,531 | $1.1M | Reduce -1.9% |
| ADBE Adobe Inc. | 0.23% | 2,167 | $1.1M | New |
| XOM Exxon Mobil Corp. | 0.22% | 9,168 | $1.1M | Reduce -1.3% |
| SCHW Schwab (charles) Corp. | 0.21% | 15,766 | $1.0M | Reduce -5.4% |
| AMD Advanced Micro Devices | 0.20% | 6,045 | $992K | Add +1.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 14,241 | $961K | Reduce -7.4% |
| EMN Eastman Chemical Co. | 0.19% | 8,540 | $956K | Reduce -4.4% |
| VOO Vanguard S&P 500 ETF | 0.19% | 1,812 | $956K | Add +13.0% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.19% | 13,545 | $949K | Reduce -7.4% |
| NXPI NXP Semiconductors NV | 0.19% | 3,926 | $942K | Reduce -1.7% |
| MCD McDonald's Corp. | 0.17% | 2,821 | $859K | Reduce -2.0% |
| IBDR iShares Ibonds Dec 2026 Term | 0.17% | 34,799 | $846K | New |
| STZ Constellation Brands Inc. Class A | 0.17% | 3,205 | $826K | Reduce -1.1% |
| J Jacobs Solutions Inc. | 0.16% | 5,951 | $779K | Reduce -1.6% |
| ZS Zscaler Inc. | 0.15% | 4,373 | $748K | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 1,290 | $630K | Reduce -1.8% |
| SCHB Schwab US Broad Market ETF | 0.12% | 9,168 | $610K | Reduce -7.5% |
| MRVL Marvell Technology Inc. | 0.12% | 8,453 | $610K | Reduce -1.7% |
| NICE Nice Ltd. - Spon ADR | 0.12% | 3,380 | $587K | Reduce -6.3% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 14,029 | $527K | Reduce -7.5% |
| COP Conocophillips | 0.11% | 4,978 | $524K | Reduce -1.0% |
| BSMQ Invesco Bulletshares 2026 MB | 0.10% | 21,805 | $518K | Reduce -8.9% |
| BSMR Invesco Bulletshares 2027 MB | 0.10% | 21,840 | $518K | No change |
| BSMP Invesco Bulletshares 2025 MB | 0.10% | 21,120 | $517K | Reduce -7.2% |
| BSMU Invesco Bulletshares 2030 MB | 0.10% | 23,220 | $514K | Reduce -4.1% |
| BSCT Invesco Bulletshares 2029 CB | 0.10% | 27,154 | $511K | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.09% | 6,163 | $442K | No change |
| VONE Vanguard Russell 1000 | 0.09% | 1,670 | $434K | Reduce -13.0% |
| BSCX Invesco Bulletshares 2033 CB | 0.09% | 19,537 | $422K | New |
| QYLD Global X Nasd 100 Cov Call | 0.08% | 23,120 | $417K | Add +9.0% |
| NTRA Natera Inc. | 0.07% | 2,890 | $367K | No change |
| BSMT Invesco Bulletshares 2029 MB | 0.05% | 11,128 | $259K | Reduce -1.9% |
| BSMO Invesco Bulletshares 2024 MB | 0.05% | 10,368 | $257K | Reduce -8.8% |
| GOOG Alphabet Inc. Class C | 0.05% | 1,535 | $257K | No change |
| KO The Coca-Cola Co. | 0.05% | 3,388 | $243K | Reduce -28.8% |
| IHF iShares U.S. Healthcare Prov | 0.04% | 3,780 | $216K | New |
Portfolio Sells Q2 2024 → Q3 2024
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.21 |
| GM General Motors Co. | Sold out | 0.00% | −0.15 |
| AAPL Apple Inc. | Reduce -21.3% | 0.60% | −0.15 |
| GOOGL Alphabet Inc. Class A | Reduce -1.4% | 0.39% | −0.08 |
| AMZN Amazon.com Inc. | Reduce -1.7% | 0.46% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -5.4% | 0.21% | −0.06 |
| CVX Chevron Corp. | Reduce -1.8% | 0.27% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -0.4% | 0.24% | −0.05 |
| NXPI NXP Semiconductors NV | Reduce -1.7% | 0.19% | −0.05 |
| HON Honeywell International Inc. | Reduce -2.0% | 0.23% | −0.03 |
| BAC Bank of America Corp. | Reduce -1.8% | 0.28% | −0.03 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -2.5% | 0.25% | −0.03 |
| J Jacobs Solutions Inc. | Reduce -1.6% | 0.16% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -7.4% | 0.20% | −0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -7.4% | 0.19% | −0.02 |
| JPM JPMorgan Chase & Co. | Reduce -1.8% | 0.34% | −0.02 |
| COP Conocophillips | Reduce -1.0% | 0.11% | −0.02 |
| RSG Republic Services Inc. | Reduce -1.5% | 0.29% | −0.02 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -8.9% | 0.10% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.3% | 0.22% | −0.02 |
| NICE Nice Ltd. - Spon ADR | Reduce -6.3% | 0.12% | −0.02 |
| KO The Coca-Cola Co. | Reduce -28.8% | 0.05% | −0.02 |
| BSMP Invesco Bulletshares 2025 MB | Reduce -7.2% | 0.10% | −0.02 |
| STZ Constellation Brands Inc. Class A | Reduce -1.1% | 0.17% | −0.02 |
| VONE Vanguard Russell 1000 | Reduce -13.0% | 0.09% | −0.02 |
| V Visa Inc. Class A | Reduce -1.5% | 0.29% | −0.02 |
| SCHB Schwab US Broad Market ETF | Reduce -7.5% | 0.12% | −0.01 |
| BSMU Invesco Bulletshares 2030 MB | Reduce -4.1% | 0.10% | −0.01 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.8% | 0.13% | −0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -7.5% | 0.11% | −0.01 |
| BSMO Invesco Bulletshares 2024 MB | Reduce -8.8% | 0.05% | −0.01 |
| MS Morgan Stanley | Reduce -1.8% | 0.28% | −0.01 |
| MRVL Marvell Technology Inc. | Reduce -1.7% | 0.12% | −0.01 |
| BSMT Invesco Bulletshares 2029 MB | Reduce -1.9% | 0.05% | −0.00 |
| BSX Boston Scientific Corp. | Reduce -1.9% | 0.23% | −0.00 |
| EMN Eastman Chemical Co. | Reduce -4.4% | 0.19% | +0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.2% | 0.23% | +0.00 |
| UNH Unitedhealth Group Inc. | Reduce -3.2% | 0.31% | +0.01 |
| MCD McDonald's Corp. | Reduce -2.0% | 0.17% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.47% | +0.02 |
| WMT Walmart Inc. | Reduce -0.9% | 0.41% | +0.03 |
| CRS Carpenter Technology | Reduce -2.1% | 0.31% | +0.07 |
| TSLA Tesla Inc. | Reduce -0.9% | 0.44% | +0.07 |
Portfolio Buys Q2 2024 → Q3 2024
| IBDQ iShares Ibonds Dec 2025 Term | New | 1.31% | +1.31 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | New | 0.89% | +0.89 |
| ADBE Adobe Inc. | New | 0.23% | +0.23 |
| IBDR iShares Ibonds Dec 2026 Term | New | 0.17% | +0.17 |
| BSCX Invesco Bulletshares 2033 CB | New | 0.09% | +0.09 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +56.4% | 0.24% | +0.07 |
| CRM Salesforce Inc. | Add +28.2% | 0.36% | +0.07 |
| BSCO Invesco Bulletshares 2024 CB | Add +24.8% | 0.47% | +0.06 |
| IHF iShares U.S. Healthcare Prov | New | 0.04% | +0.04 |
| MSFT Microsoft Corp. | Add +18.6% | 0.49% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +13.0% | 0.19% | +0.02 |
| QYLD Global X Nasd 100 Cov Call | Add +9.0% | 0.08% | +0.00 |
| AMD Advanced Micro Devices | Add +1.3% | 0.20% | −0.01 |
| NVDA Nvidia Corp. | Add +3.9% | 0.25% | −0.02 |
| BSCU Invesco Bulletshares 2030 CB | Add +3.9% | 5.05% | −0.02 |
| ZS Zscaler Inc. | Add +1.0% | 0.15% | −0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +0.7% | 9.46% | −0.04 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Add +0.4% | 3.87% | −0.07 |
| BSCR Invesco Bulletshares 2027 CB | Add +4.0% | 3.99% | −0.08 |
| BSCP Invesco Bulletshares 2025 CB | Add +5.3% | 4.32% | −0.10 |
| BSCS Invesco Bulletshares 2028 CB | Add +2.8% | 5.08% | −0.14 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.3% | 7.88% | −0.20 |
| BSCQ Invesco Bulletshares 2026 CB | Add +2.6% | 5.59% | −0.22 |
| IWV iShares Russell 3000 ETF | Add +0.9% | 19.40% | −0.38 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.6% | 19.98% | −0.53 |
Notes & Other Activity Q2 2024 → Q3 2024
| IBDQ iShares Ibonds Dec 2025 Term | IBONDS DEC25 ETF · principal | Sold out | 261,279 | $6.5Mbefore exit |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | IBONDS 27 ETF · principal | Sold out | 181,819 | $4.3Mbefore exit |
| IBDR iShares Ibonds Dec 2026 Term | IBONDS DEC2026 · principal | Sold out | 35,437 | $844Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 73 | $614.9M | SPY, IWV, ACWX, SPYG, BSCQ |
| Q1 2026 | 69 | $555.2M | SPY, IWV, ACWX, SPYG, BSCQ |
| Q4 2025 | 72 | $546.3M | SPY, IWV, ACWX, BSCS, BSCQ |
| Q3 2025 | 74 | $556.4M | SPY, IWV, ACWX, SGOV, BSCQ |
| Q2 2025 | 70 | $526.4M | SPY, IWV, ACWX, SGOV, BSCQ |
| Q1 2025 | 74 | $500.2M | SPY, IWV, ACWX, BSCQ, BSCS |
| Q4 2024 | 73 | $508.3M | SPY, IWV, ACWX, BSCQ, BSCS |
| Q3 2024 | 73 | $493.1M | SPY, IWV, ACWX, VTI, BSCQ |
| Q2 2024 | 69 | $453.0M | SPY, IWV, ACWX, VTI, BSCQ |
| Q1 2024 | 72 | $450.7M | SPY, IWV, ACWX, VTI, BSCQ |