TLWM
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), TLWM reported 74 stock positions worth $500.2 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 19.4% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 18.8%) and iShares MSCI Acwi Ex US ETF (ACWX, 9.1%). Compared with Q4 2024, it opened 1 new position, added to 50 and reduced 14. The biggest buy was Invesco Bulletshares 2028 CB (BSCS, shares +2%) and the biggest sale Tesla (TSLA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001732537
- Portfolio Value
- $500.2M (Q1 2025)
- SEC Filing
- 0001085146-25-003000 ↗ filed May 13, 2025
Holdings Value
Holdings 74 stocks · $500.2M
| SPY SS SPDR S&P 500 ETF Trust-US | 19.42% | 173,666 | $97.1M | Add +0.2% |
| IWV iShares Russell 3000 ETF | 18.76% | 295,435 | $93.8M | Add +0.4% |
| ACWX iShares MSCI Acwi Ex US ETF | 9.12% | 822,823 | $45.6M | Reduce -0.1% |
| BSCQ Invesco Bulletshares 2026 CB | 6.07% | 1,557,593 | $30.3M | Add +2.1% |
| BSCS Invesco Bulletshares 2028 CB | 5.51% | 1,355,450 | $27.6M | Add +2.5% |
| BSCU Invesco Bulletshares 2030 CB | 5.44% | 1,639,836 | $27.2M | Add +2.2% |
| BSCP Invesco Bulletshares 2025 CB | 4.95% | 1,197,330 | $24.8M | Add +2.9% |
| BSCR Invesco Bulletshares 2027 CB | 4.50% | 1,147,761 | $22.5M | Add +3.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 3.60% | 351,963 | $18.0M | Reduce -0.5% |
| KBE SS SPDR S&P Bank ETF | 3.43% | 323,717 | $17.1M | Add +0.5% |
| XLK SS Technology Select Sector | 3.33% | 80,654 | $16.7M | Add +1.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.27% | 253,210 | $6.4M | Reduce -1.7% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.87% | 180,496 | $4.4M | Reduce -1.4% |
| AAPL Apple Inc. | 0.60% | 13,422 | $3.0M | Add +3.4% |
| META Meta Platforms Inc. Class A | 0.48% | 4,192 | $2.4M | Add +1.3% |
| AMZN Amazon.com Inc. | 0.48% | 12,584 | $2.4M | Add +1.4% |
| MSFT Microsoft Corp. | 0.45% | 6,021 | $2.3M | Add +2.2% |
| TSLA Tesla Inc. | 0.43% | 8,226 | $2.1M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 0.41% | 8,261 | $2.0M | Reduce -0.3% |
| V Visa Inc. Class A | 0.38% | 5,428 | $1.9M | Add +2.3% |
| RSG Republic Services Inc. | 0.37% | 7,643 | $1.9M | Add +2.3% |
| CRS Carpenter Technology | 0.37% | 10,165 | $1.8M | Add +1.8% |
| CRM Salesforce Inc. | 0.37% | 6,838 | $1.8M | Add +2.2% |
| GOOGL Alphabet Inc. Class A | 0.37% | 11,841 | $1.8M | Add +0.5% |
| WMT Walmart Inc. | 0.36% | 20,662 | $1.8M | Add +2.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.35% | 19,065 | $1.7M | Add +21.4% |
| BSCX Invesco Bulletshares 2033 CB | 0.32% | 77,537 | $1.6M | No change |
| MS Morgan Stanley | 0.32% | 13,863 | $1.6M | Add +1.8% |
| CVX Chevron Corp. | 0.32% | 9,506 | $1.6M | Add +1.1% |
| BSCW Invesco Bulletshares 2032 CB | 0.30% | 74,735 | $1.5M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 36,262 | $1.5M | Add +0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 2,739 | $1.5M | Add +1.3% |
| BSX Boston Scientific Corp. | 0.29% | 14,408 | $1.5M | Add +2.5% |
| UNH Unitedhealth Group Inc. | 0.29% | 2,736 | $1.4M | Add +1.0% |
| SCHW Schwab (charles) Corp. | 0.27% | 17,567 | $1.4M | Add +6.7% |
| NVDA Nvidia Corp. | 0.26% | 11,799 | $1.3M | Add +13.0% |
| AZN Astrazeneca PLC-Spons ADR | 0.25% | 17,259 | $1.3M | Add +3.5% |
| HON Honeywell International Inc. | 0.25% | 5,809 | $1.2M | Add +1.1% |
| BSCV Invesco Bulletshares 2031 CB | 0.24% | 72,630 | $1.2M | Reduce -0.5% |
| GD General Dynamics Corp. | 0.23% | 4,145 | $1.1M | Add +4.8% |
| XOM Exxon Mobil Corp. | 0.22% | 9,444 | $1.1M | Add +0.5% |
| VOO Vanguard S&P 500 ETF | 0.21% | 2,046 | $1.1M | Add +5.9% |
| MCD McDonald's Corp. | 0.19% | 3,006 | $939K | Add +1.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.19% | 14,273 | $939K | Reduce -0.1% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.18% | 13,572 | $923K | Reduce -0.2% |
| ADBE Adobe Inc. | 0.18% | 2,388 | $916K | Add +1.5% |
| ZS Zscaler Inc. | 0.18% | 4,605 | $914K | Add +0.6% |
| IBDR iShares Ibonds Dec 2026 Term | 0.18% | 37,282 | $903K | Reduce -1.6% |
| BSCY Invesco Bulletshares 2034 CB | 0.18% | 43,362 | $888K | No change |
| EMN Eastman Chemical Co. | 0.16% | 9,154 | $807K | Add +3.5% |
| NXPI NXP Semiconductors NV | 0.16% | 4,099 | $779K | Add +0.5% |
| EVR Evercore Inc. Class A | 0.15% | 3,771 | $753K | Add +5.6% |
| J Jacobs Solutions Inc. | 0.15% | 6,225 | $753K | Add +1.7% |
| AMD Advanced Micro Devices | 0.13% | 6,208 | $638K | Reduce -1.5% |
| STZ Constellation Brands Inc. Class A | 0.12% | 3,351 | $615K | Add +1.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.12% | 1,296 | $608K | Add +0.5% |
| SCHB Schwab US Broad Market ETF | 0.12% | 27,608 | $594K | Reduce -0.2% |
| QYLD Global X Nasd 100 Cov Call | 0.11% | 34,440 | $573K | Add +21.2% |
| NICE Nice Ltd. - Spon ADR | 0.11% | 3,658 | $564K | Add +4.1% |
| MRVL Marvell Technology Inc. | 0.11% | 9,001 | $554K | Add +0.5% |
| BSMP Invesco Bulletshares 2025 MB | 0.11% | 21,694 | $531K | Add +0.5% |
| BSMQ Invesco Bulletshares 2026 MB | 0.11% | 22,458 | $530K | Add +0.5% |
| BSMT Invesco Bulletshares 2029 MB | 0.11% | 23,221 | $528K | Add +0.6% |
| BSMR Invesco Bulletshares 2027 MB | 0.11% | 22,399 | $527K | Add +0.6% |
| COP Conocophillips | 0.10% | 4,978 | $523K | No change |
| BSMU Invesco Bulletshares 2030 MB | 0.10% | 24,116 | $520K | Add +0.6% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.10% | 14,071 | $512K | Reduce -0.1% |
| BSCT Invesco Bulletshares 2029 CB | 0.10% | 27,154 | $503K | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.09% | 6,013 | $449K | Reduce -2.4% |
| NTRA Natera Inc. | 0.08% | 2,890 | $409K | No change |
| VONE Vanguard Russell 1000 | 0.08% | 1,575 | $400K | No change |
| GOOG Alphabet Inc. Class C | 0.05% | 1,555 | $243K | No change |
| KO The Coca-Cola Co. | 0.05% | 3,388 | $243K | No change |
| GLD SPDR Gold Shares | 0.04% | 717 | $207K | New |
Portfolio Sells Q4 2024 → Q1 2025
| TSLA Tesla Inc. | Reduce -1.0% | 0.43% | −0.23 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.5% | 3.60% | −0.20 |
| AMD Advanced Micro Devices | Reduce -1.5% | 0.13% | −0.02 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.2% | 0.18% | −0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.1% | 0.19% | −0.01 |
| SCHB Schwab US Broad Market ETF | Reduce -0.2% | 0.12% | −0.00 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -1.6% | 0.18% | +0.00 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -1.7% | 1.27% | +0.00 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -2.4% | 0.09% | +0.00 |
| BSCV Invesco Bulletshares 2031 CB | Reduce -0.5% | 0.24% | +0.01 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.1% | 0.10% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -1.4% | 0.87% | +0.01 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 0.41% | +0.01 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -0.1% | 9.12% | +0.67 |
Portfolio Buys Q4 2024 → Q1 2025
| BSCS Invesco Bulletshares 2028 CB | Add +2.5% | 5.51% | +0.28 |
| BSCU Invesco Bulletshares 2030 CB | Add +2.2% | 5.44% | +0.27 |
| BSCQ Invesco Bulletshares 2026 CB | Add +2.1% | 6.07% | +0.24 |
| BSCR Invesco Bulletshares 2027 CB | Add +3.0% | 4.50% | +0.22 |
| BSCP Invesco Bulletshares 2025 CB | Add +2.9% | 4.95% | +0.22 |
| RSG Republic Services Inc. | Add +2.3% | 0.37% | +0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +21.4% | 0.35% | +0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.3% | 0.29% | +0.05 |
| V Visa Inc. Class A | Add +2.3% | 0.38% | +0.05 |
| CVX Chevron Corp. | Add +1.1% | 0.32% | +0.05 |
| BSX Boston Scientific Corp. | Add +2.5% | 0.29% | +0.04 |
| GLD SPDR Gold Shares | New | 0.04% | +0.04 |
| AZN Astrazeneca PLC-Spons ADR | Add +3.5% | 0.25% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +6.7% | 0.27% | +0.04 |
| CRS Carpenter Technology | Add +1.8% | 0.37% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.5% | 0.22% | +0.03 |
| GD General Dynamics Corp. | Add +4.8% | 0.23% | +0.02 |
| ZS Zscaler Inc. | Add +0.6% | 0.18% | +0.02 |
| MCD McDonald's Corp. | Add +1.9% | 0.19% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +1.0% | 0.29% | +0.02 |
| QYLD Global X Nasd 100 Cov Call | Add +21.2% | 0.11% | +0.01 |
| META Meta Platforms Inc. Class A | Add +1.3% | 0.48% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +5.9% | 0.21% | +0.01 |
| WMT Walmart Inc. | Add +2.1% | 0.36% | +0.00 |
| EMN Eastman Chemical Co. | Add +3.5% | 0.16% | +0.00 |
| BSMQ Invesco Bulletshares 2026 MB | Add +0.5% | 0.11% | +0.00 |
| BSMP Invesco Bulletshares 2025 MB | Add +0.5% | 0.11% | +0.00 |
| BSMR Invesco Bulletshares 2027 MB | Add +0.6% | 0.11% | +0.00 |
| BSMU Invesco Bulletshares 2030 MB | Add +0.6% | 0.10% | +0.00 |
| BSMT Invesco Bulletshares 2029 MB | Add +0.6% | 0.11% | +0.00 |
| NICE Nice Ltd. - Spon ADR | Add +4.1% | 0.11% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.5% | 0.12% | −0.01 |
| BAC Bank of America Corp. | Add +0.5% | 0.30% | −0.01 |
| HON Honeywell International Inc. | Add +1.1% | 0.25% | −0.01 |
| J Jacobs Solutions Inc. | Add +1.7% | 0.15% | −0.01 |
| NXPI NXP Semiconductors NV | Add +0.5% | 0.16% | −0.01 |
| MS Morgan Stanley | Add +1.8% | 0.32% | −0.01 |
| NVDA Nvidia Corp. | Add +13.0% | 0.26% | −0.02 |
| STZ Constellation Brands Inc. Class A | Add +1.0% | 0.12% | −0.02 |
| ADBE Adobe Inc. | Add +1.5% | 0.18% | −0.02 |
| MSFT Microsoft Corp. | Add +2.2% | 0.45% | −0.04 |
| AAPL Apple Inc. | Add +3.4% | 0.60% | −0.04 |
| EVR Evercore Inc. Class A | Add +5.6% | 0.15% | −0.04 |
| AMZN Amazon.com Inc. | Add +1.4% | 0.48% | −0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.5% | 0.37% | −0.07 |
| CRM Salesforce Inc. | Add +2.2% | 0.37% | −0.07 |
| MRVL Marvell Technology Inc. | Add +0.5% | 0.11% | −0.08 |
| KBE SS SPDR S&P Bank ETF | Add +0.5% | 3.43% | −0.09 |
| XLK SS Technology Select Sector | Add +1.0% | 3.33% | −0.33 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 19.42% | −0.56 |
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 |