TLWM
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 28, 2025), TLWM reported 70 stock positions worth $526.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.3% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 19.6%) and iShares MSCI Acwi Ex US ETF (ACWX, 9.4%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 31 and reduced 27. The biggest buy was a new position in iShares 0-3 Month Treasury B (SGOV) and the biggest sale an exit from SS SPDR P S&P 400 Midcap ETF (SPMD).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001732537
- Portfolio Value
- $526.4M (Q2 2025)
- SEC Filing
- 0001085146-25-004210 ↗ filed Jul 28, 2025
Holdings Value
Holdings 70 stocks · $526.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 20.27% | 172,659 | $106.7M | Reduce -0.6% |
| IWV iShares Russell 3000 ETF | 19.61% | 294,017 | $103.2M | Reduce -0.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 9.40% | 812,122 | $49.5M | Reduce -1.3% |
| SGOV iShares 0-3 Month Treasury B | 9.27% | 484,569 | $48.8M | New |
| BSCQ Invesco Bulletshares 2026 CB | 5.79% | 1,560,875 | $30.5M | Add +0.2% |
| BSCS Invesco Bulletshares 2028 CB | 5.28% | 1,356,426 | $27.8M | Add +0.1% |
| BSCU Invesco Bulletshares 2030 CB | 5.26% | 1,648,405 | $27.7M | Add +0.5% |
| BSCP Invesco Bulletshares 2025 CB | 4.74% | 1,207,241 | $25.0M | Add +0.8% |
| BSCR Invesco Bulletshares 2027 CB | 4.33% | 1,159,357 | $22.8M | Add +1.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.19% | 247,769 | $6.2M | Reduce -2.1% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.81% | 176,191 | $4.3M | Reduce -2.4% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.64% | 36,608 | $3.4M | Add +92.0% |
| META Meta Platforms Inc. Class A | 0.58% | 4,172 | $3.1M | Reduce -0.5% |
| MSFT Microsoft Corp. | 0.57% | 6,037 | $3.0M | Add +0.3% |
| CRS Carpenter Technology | 0.54% | 10,274 | $2.8M | Add +1.1% |
| AAPL Apple Inc. | 0.52% | 13,451 | $2.8M | Add +0.2% |
| AMZN Amazon.com Inc. | 0.52% | 12,501 | $2.7M | Reduce -0.7% |
| TSLA Tesla Inc. | 0.48% | 7,905 | $2.5M | Reduce -3.9% |
| JPM JPMorgan Chase & Co. | 0.45% | 8,226 | $2.4M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 0.40% | 11,882 | $2.1M | Add +0.3% |
| WMT Walmart Inc. | 0.38% | 20,518 | $2.0M | Reduce -0.7% |
| MS Morgan Stanley | 0.37% | 13,791 | $1.9M | Reduce -0.5% |
| V Visa Inc. Class A | 0.36% | 5,407 | $1.9M | Reduce -0.4% |
| NVDA Nvidia Corp. | 0.36% | 12,009 | $1.9M | Add +1.8% |
| CRM Salesforce Inc. | 0.36% | 6,896 | $1.9M | Add +0.8% |
| RSG Republic Services Inc. | 0.36% | 7,597 | $1.9M | Reduce -0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 36,115 | $1.7M | Reduce -0.4% |
| BSCX Invesco Bulletshares 2033 CB | 0.31% | 77,537 | $1.6M | No change |
| SCHW Schwab (charles) Corp. | 0.31% | 17,687 | $1.6M | Add +0.7% |
| BSX Boston Scientific Corp. | 0.30% | 14,520 | $1.6M | Add +0.8% |
| ZS Zscaler Inc. | 0.28% | 4,649 | $1.5M | Add +1.0% |
| BSCW Invesco Bulletshares 2032 CB | 0.27% | 69,865 | $1.4M | Reduce -6.5% |
| CVX Chevron Corp. | 0.26% | 9,518 | $1.4M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.26% | 2,791 | $1.4M | Add +1.9% |
| HON Honeywell International Inc. | 0.26% | 5,812 | $1.4M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.24% | 2,269 | $1.3M | Add +10.9% |
| GD General Dynamics Corp. | 0.23% | 4,193 | $1.2M | Add +1.2% |
| AZN Astrazeneca PLC-Spons ADR | 0.23% | 17,428 | $1.2M | Add +1.0% |
| BSCV Invesco Bulletshares 2031 CB | 0.20% | 63,041 | $1.0M | Reduce -13.2% |
| XOM Exxon Mobil Corp. | 0.20% | 9,653 | $1.0M | Add +2.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 14,183 | $1.0M | Reduce -0.6% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.19% | 13,488 | $1.0M | Reduce -0.6% |
| ADBE Adobe Inc. | 0.18% | 2,396 | $927K | Add +0.3% |
| NXPI NXP Semiconductors NV | 0.17% | 4,129 | $902K | Add +0.7% |
| BSCY Invesco Bulletshares 2034 CB | 0.17% | 43,362 | $900K | No change |
| IBDR iShares Ibonds Dec 2026 Term | 0.17% | 36,888 | $895K | Reduce -1.1% |
| MCD McDonald's Corp. | 0.17% | 3,005 | $878K | Reduce -0.0% |
| UNH Unitedhealth Group Inc. | 0.16% | 2,677 | $835K | Reduce -2.2% |
| J Jacobs Solutions Inc. | 0.16% | 6,291 | $827K | Add +1.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 1,296 | $715K | No change |
| MRVL Marvell Technology Inc. | 0.13% | 9,059 | $701K | Add +0.6% |
| EMN Eastman Chemical Co. | 0.13% | 9,143 | $683K | Reduce -0.1% |
| QYLD Global X Nasd 100 Cov Call | 0.12% | 37,175 | $622K | Add +7.9% |
| NICE Nice Ltd. - Spon ADR | 0.12% | 3,613 | $610K | Reduce -1.2% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 13,986 | $566K | Reduce -0.6% |
| STZ Constellation Brands Inc. Class A | 0.10% | 3,371 | $548K | Add +0.6% |
| BSMP Invesco Bulletshares 2025 MB | 0.10% | 21,694 | $532K | No change |
| BSMQ Invesco Bulletshares 2026 MB | 0.10% | 22,458 | $529K | No change |
| BSMT Invesco Bulletshares 2029 MB | 0.10% | 23,221 | $527K | No change |
| BSMR Invesco Bulletshares 2027 MB | 0.10% | 22,399 | $526K | No change |
| BSMU Invesco Bulletshares 2030 MB | 0.10% | 24,116 | $518K | No change |
| NTRA Natera Inc. | 0.09% | 2,923 | $494K | Add +1.1% |
| COP Conocophillips | 0.08% | 4,972 | $446K | Reduce -0.1% |
| SPLV Invesco S&P 500 Low Volatili | 0.08% | 6,080 | $443K | Add +1.1% |
| BSCT Invesco Bulletshares 2029 CB | 0.08% | 21,398 | $400K | Reduce -21.2% |
| VONE Vanguard Russell 1000 | 0.07% | 1,309 | $368K | Reduce -16.9% |
| GOOG Alphabet Inc. Class C | 0.05% | 1,555 | $276K | No change |
| KO The Coca-Cola Co. | 0.05% | 3,388 | $240K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 793 | $234K | New |
| GLD SPDR Gold Shares | 0.04% | 749 | $228K | Add +4.5% |
Portfolio Sells Q1 2025 → Q2 2025
| SPMD SS SPDR P S&P 400 Midcap ETF | Sold out | 0.00% | −3.60 |
| KBE SS SPDR S&P Bank ETF | Sold out | 0.00% | −3.43 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −3.33 |
| EVR Evercore Inc. Class A | Sold out | 0.00% | −0.15 |
| UNH Unitedhealth Group Inc. | Reduce -2.2% | 0.16% | −0.13 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.13 |
| SCHB Schwab US Broad Market ETF | Sold out | 0.00% | −0.12 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -2.1% | 1.19% | −0.09 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -2.4% | 0.81% | −0.06 |
| BSCV Invesco Bulletshares 2031 CB | Reduce -13.2% | 0.20% | −0.04 |
| EMN Eastman Chemical Co. | Reduce -0.1% | 0.13% | −0.03 |
| BSCW Invesco Bulletshares 2032 CB | Reduce -6.5% | 0.27% | −0.03 |
| BSCT Invesco Bulletshares 2029 CB | Reduce -21.2% | 0.08% | −0.02 |
| MCD McDonald's Corp. | Reduce -0.0% | 0.17% | −0.02 |
| COP Conocophillips | Reduce -0.1% | 0.08% | −0.02 |
| V Visa Inc. Class A | Reduce -0.4% | 0.36% | −0.02 |
| RSG Republic Services Inc. | Reduce -0.6% | 0.36% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -1.1% | 0.17% | −0.01 |
| VONE Vanguard Russell 1000 | Reduce -16.9% | 0.07% | −0.01 |
| NICE Nice Ltd. - Spon ADR | Reduce -1.2% | 0.12% | +0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.6% | 0.11% | +0.01 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.6% | 0.19% | +0.01 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.6% | 0.20% | +0.01 |
| WMT Walmart Inc. | Reduce -0.7% | 0.38% | +0.02 |
| BAC Bank of America Corp. | Reduce -0.4% | 0.32% | +0.02 |
| AMZN Amazon.com Inc. | Reduce -0.7% | 0.52% | +0.04 |
| MS Morgan Stanley | Reduce -0.5% | 0.37% | +0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.4% | 0.45% | +0.05 |
| TSLA Tesla Inc. | Reduce -3.9% | 0.48% | +0.05 |
| META Meta Platforms Inc. Class A | Reduce -0.5% | 0.58% | +0.10 |
| ACWX iShares MSCI Acwi Ex US ETF | Reduce -1.3% | 9.40% | +0.28 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.6% | 20.27% | +0.85 |
| IWV iShares Russell 3000 ETF | Reduce -0.5% | 19.61% | +0.85 |
Portfolio Buys Q1 2025 → Q2 2025
| SGOV iShares 0-3 Month Treasury B | New | 9.27% | +9.27 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +92.0% | 0.64% | +0.29 |
| CRS Carpenter Technology | Add +1.1% | 0.54% | +0.17 |
| MSFT Microsoft Corp. | Add +0.3% | 0.57% | +0.12 |
| NVDA Nvidia Corp. | Add +1.8% | 0.36% | +0.10 |
| ZS Zscaler Inc. | Add +1.0% | 0.28% | +0.09 |
| IBM Intl Business Machines Corp. | New | 0.04% | +0.04 |
| VOO Vanguard S&P 500 ETF | Add +10.9% | 0.24% | +0.03 |
| GOOGL Alphabet Inc. Class A | Add +0.3% | 0.40% | +0.03 |
| SCHW Schwab (charles) Corp. | Add +0.7% | 0.31% | +0.03 |
| MRVL Marvell Technology Inc. | Add +0.6% | 0.13% | +0.02 |
| NXPI NXP Semiconductors NV | Add +0.7% | 0.17% | +0.02 |
| NTRA Natera Inc. | Add +1.1% | 0.09% | +0.01 |
| HON Honeywell International Inc. | Add +0.1% | 0.26% | +0.01 |
| J Jacobs Solutions Inc. | Add +1.1% | 0.16% | +0.01 |
| GD General Dynamics Corp. | Add +1.2% | 0.23% | +0.01 |
| BSX Boston Scientific Corp. | Add +0.8% | 0.30% | +0.01 |
| QYLD Global X Nasd 100 Cov Call | Add +7.9% | 0.12% | +0.00 |
| GLD SPDR Gold Shares | Add +4.5% | 0.04% | +0.00 |
| SPLV Invesco S&P 500 Low Volatili | Add +1.1% | 0.08% | −0.01 |
| ADBE Adobe Inc. | Add +0.3% | 0.18% | −0.01 |
| CRM Salesforce Inc. | Add +0.8% | 0.36% | −0.01 |
| STZ Constellation Brands Inc. Class A | Add +0.6% | 0.10% | −0.02 |
| AZN Astrazeneca PLC-Spons ADR | Add +1.0% | 0.23% | −0.02 |
| XOM Exxon Mobil Corp. | Add +2.2% | 0.20% | −0.03 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.9% | 0.26% | −0.03 |
| CVX Chevron Corp. | Add +0.1% | 0.26% | −0.06 |
| AAPL Apple Inc. | Add +0.2% | 0.52% | −0.07 |
| BSCR Invesco Bulletshares 2027 CB | Add +1.0% | 4.33% | −0.17 |
| BSCU Invesco Bulletshares 2030 CB | Add +0.5% | 5.26% | −0.18 |
| BSCP Invesco Bulletshares 2025 CB | Add +0.8% | 4.74% | −0.21 |
| BSCS Invesco Bulletshares 2028 CB | Add +0.1% | 5.28% | −0.23 |
| BSCQ Invesco Bulletshares 2026 CB | Add +0.2% | 5.79% | −0.28 |
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 |