TLWM
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 10, 2025), TLWM reported 74 stock positions worth $556.4 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.7% of the portfolio, followed by iShares Russell 3000 ETF (IWV, 20.1%) and iShares MSCI Acwi Ex US ETF (ACWX, 9.5%). Compared with Q2 2025, it opened 4 new positions, added to 43 and reduced 18. The biggest buy was iShares Russell 3000 ETF (IWV, shares +0%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0001732537
- Portfolio Value
- $556.4M (Q3 2025)
- SEC Filing
- 0001085146-25-005906 ↗ filed Oct 10, 2025
Holdings Value
Holdings 74 stocks · $556.4M
| SPY SS SPDR S&P 500 ETF Trust-US | 20.74% | 173,214 | $115.4M | Add +0.3% |
| IWV iShares Russell 3000 ETF | 20.12% | 295,342 | $111.9M | Add +0.5% |
| ACWX iShares MSCI Acwi Ex US ETF | 9.52% | 814,870 | $53.0M | Add +0.3% |
| SGOV iShares 0-3 Month Treasury B | 8.83% | 487,889 | $49.1M | Add +0.7% |
| BSCQ Invesco Bulletshares 2026 CB | 5.58% | 1,585,996 | $31.0M | Add +1.6% |
| BSCS Invesco Bulletshares 2028 CB | 5.08% | 1,374,566 | $28.3M | Add +1.3% |
| BSCU Invesco Bulletshares 2030 CB | 5.06% | 1,665,152 | $28.1M | Add +1.0% |
| BSCP Invesco Bulletshares 2025 CB | 4.60% | 1,236,537 | $25.6M | Add +2.4% |
| BSCR Invesco Bulletshares 2027 CB | 4.19% | 1,182,283 | $23.3M | Add +2.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 1.12% | 246,721 | $6.2M | Reduce -0.4% |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | 0.77% | 175,430 | $4.3M | Reduce -0.4% |
| TSLA Tesla Inc. | 0.65% | 8,087 | $3.6M | Add +2.3% |
| AAPL Apple Inc. | 0.64% | 13,977 | $3.6M | Add +3.9% |
| GOOGL Alphabet Inc. Class A | 0.53% | 12,202 | $3.0M | Add +2.7% |
| AMZN Amazon.com Inc. | 0.51% | 12,971 | $2.8M | Add +3.8% |
| NVDA Nvidia Corp. | 0.50% | 14,882 | $2.8M | Add +23.9% |
| JPM JPMorgan Chase & Co. | 0.48% | 8,555 | $2.7M | Add +4.0% |
| MSFT Microsoft Corp. | 0.46% | 4,889 | $2.5M | Reduce -19.0% |
| META Meta Platforms Inc. Class A | 0.45% | 3,396 | $2.5M | Reduce -18.6% |
| MS Morgan Stanley | 0.42% | 14,546 | $2.3M | Add +5.5% |
| WMT Walmart Inc. | 0.40% | 21,415 | $2.2M | Add +4.4% |
| CRM Salesforce Inc. | 0.39% | 9,205 | $2.2M | Add +33.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.35% | 38,288 | $2.0M | Add +6.0% |
| V Visa Inc. Class A | 0.35% | 5,672 | $1.9M | Add +4.9% |
| RSG Republic Services Inc. | 0.33% | 8,024 | $1.8M | Add +5.6% |
| SCHW Schwab (charles) Corp. | 0.32% | 18,763 | $1.8M | Add +6.1% |
| CRS Carpenter Technology | 0.31% | 6,966 | $1.7M | Reduce -32.2% |
| BSCX Invesco Bulletshares 2033 CB | 0.30% | 77,537 | $1.7M | No change |
| VOO Vanguard S&P 500 ETF | 0.29% | 2,654 | $1.6M | Add +17.0% |
| CVX Chevron Corp. | 0.28% | 10,073 | $1.6M | Add +5.8% |
| GD General Dynamics Corp. | 0.27% | 4,468 | $1.5M | Add +6.6% |
| BSX Boston Scientific Corp. | 0.27% | 15,448 | $1.5M | Add +6.4% |
| ZS Zscaler Inc. | 0.27% | 4,959 | $1.5M | Add +6.7% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 0.26% | 16,063 | $1.5M | Reduce -56.1% |
| BSCW Invesco Bulletshares 2032 CB | 0.26% | 69,865 | $1.5M | No change |
| AZN Astrazeneca PLC-Spons ADR | 0.26% | 18,517 | $1.4M | Add +6.3% |
| MRVL Marvell Technology Inc. | 0.25% | 16,711 | $1.4M | Add +84.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.25% | 2,776 | $1.4M | Reduce -0.5% |
| HON Honeywell International Inc. | 0.23% | 6,090 | $1.3M | Add +4.8% |
| XOM Exxon Mobil Corp. | 0.21% | 10,213 | $1.2M | Add +5.8% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 14,159 | $1.1M | Reduce -0.2% |
| NICE Nice Ltd. - Spon ADR | 0.20% | 7,597 | $1.1M | Add +110.3% |
| SPTM SS SPDR P S&P 1500 Comp ETF | 0.20% | 13,483 | $1.1M | Reduce -0.0% |
| BSCV Invesco Bulletshares 2031 CB | 0.19% | 63,041 | $1.1M | No change |
| NXPI NXP Semiconductors NV | 0.18% | 4,416 | $1.0M | Add +7.0% |
| J Jacobs Solutions Inc. | 0.18% | 6,690 | $1.0M | Add +6.3% |
| UNH Unitedhealth Group Inc. | 0.18% | 2,836 | $979K | Add +5.9% |
| MCD McDonald's Corp. | 0.17% | 3,169 | $963K | Add +5.5% |
| TWLO Twilio Inc. Class A | 0.17% | 9,444 | $945K | New |
| BSCY Invesco Bulletshares 2034 CB | 0.16% | 43,362 | $911K | No change |
| ADBE Adobe Inc. | 0.16% | 2,543 | $897K | Add +6.1% |
| IBDR iShares Ibonds Dec 2026 Term | 0.16% | 36,101 | $877K | Reduce -2.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 1,286 | $772K | Reduce -0.8% |
| QYLD Global X Nasd 100 Cov Call | 0.12% | 40,724 | $693K | Add +9.6% |
| EMN Eastman Chemical Co. | 0.11% | 9,671 | $610K | Add +5.8% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.11% | 13,965 | $598K | Reduce -0.1% |
| BSMT Invesco Bulletshares 2029 MB | 0.10% | 23,026 | $532K | Reduce -0.8% |
| BSMP Invesco Bulletshares 2025 MB | 0.09% | 21,513 | $528K | Reduce -0.8% |
| BSMQ Invesco Bulletshares 2026 MB | 0.09% | 22,269 | $526K | Reduce -0.8% |
| BSMR Invesco Bulletshares 2027 MB | 0.09% | 22,210 | $525K | Reduce -0.8% |
| BSMU Invesco Bulletshares 2030 MB | 0.09% | 23,913 | $524K | Reduce -0.8% |
| STZ Constellation Brands Inc. Class A | 0.09% | 3,571 | $481K | Add +5.9% |
| NTRA Natera Inc. | 0.09% | 2,973 | $479K | Add +1.7% |
| COP Conocophillips | 0.08% | 4,972 | $470K | No change |
| SPLV Invesco S&P 500 Low Volatili | 0.08% | 5,999 | $441K | Reduce -1.3% |
| BSCT Invesco Bulletshares 2029 CB | 0.07% | 21,398 | $402K | No change |
| VONE Vanguard Russell 1000 | 0.07% | 1,309 | $396K | No change |
| GOOG Alphabet Inc. Class C | 0.07% | 1,605 | $391K | Add +3.2% |
| GLD SPDR Gold Shares | 0.07% | 1,033 | $367K | Add +37.9% |
| VEU Vanguard Ftse All-World Ex-U | 0.05% | 3,554 | $254K | New |
| KO The Coca-Cola Co. | 0.04% | 3,388 | $225K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.04% | 793 | $224K | No change |
| XLK SS Technology Select Sector | 0.04% | 724 | $204K | New |
| CMF iShares California Muni Bond | 0.04% | 3,556 | $203K | New |
Portfolio Sells Q2 2025 → Q3 2025
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -56.1% | 0.26% | −0.37 |
| CRS Carpenter Technology | Reduce -32.2% | 0.31% | −0.23 |
| META Meta Platforms Inc. Class A | Reduce -18.6% | 0.45% | −0.14 |
| MSFT Microsoft Corp. | Reduce -19.0% | 0.46% | −0.12 |
| IBDQ iShares Ibonds Dec 2025 Term | Reduce -0.4% | 1.12% | −0.07 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Reduce -0.4% | 0.77% | −0.04 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -2.1% | 0.16% | −0.01 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.5% | 0.25% | −0.01 |
| BSMP Invesco Bulletshares 2025 MB | Reduce -0.8% | 0.09% | −0.01 |
| BSMQ Invesco Bulletshares 2026 MB | Reduce -0.8% | 0.09% | −0.01 |
| BSMR Invesco Bulletshares 2027 MB | Reduce -0.8% | 0.09% | −0.01 |
| SPLV Invesco S&P 500 Low Volatili | Reduce -1.3% | 0.08% | −0.00 |
| BSMT Invesco Bulletshares 2029 MB | Reduce -0.8% | 0.10% | −0.00 |
| BSMU Invesco Bulletshares 2030 MB | Reduce -0.8% | 0.09% | −0.00 |
| SPDW Ste STR SPDR PT DW Eu ETF | Reduce -0.1% | 0.11% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.8% | 0.14% | +0.00 |
| SPTM SS SPDR P S&P 1500 Comp ETF | Reduce -0.0% | 0.20% | +0.00 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.2% | 0.20% | +0.00 |
Portfolio Buys Q2 2025 → Q3 2025
| IWV iShares Russell 3000 ETF | Add +0.5% | 20.12% | +0.51 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.3% | 20.74% | +0.47 |
| TWLO Twilio Inc. Class A | New | 0.17% | +0.17 |
| TSLA Tesla Inc. | Add +2.3% | 0.65% | +0.17 |
| NVDA Nvidia Corp. | Add +23.9% | 0.50% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +2.7% | 0.53% | +0.14 |
| MRVL Marvell Technology Inc. | Add +84.5% | 0.25% | +0.12 |
| ACWX iShares MSCI Acwi Ex US ETF | Add +0.3% | 9.52% | +0.12 |
| AAPL Apple Inc. | Add +3.9% | 0.64% | +0.12 |
| NICE Nice Ltd. - Spon ADR | Add +110.3% | 0.20% | +0.08 |
| VOO Vanguard S&P 500 ETF | Add +17.0% | 0.29% | +0.05 |
| MS Morgan Stanley | Add +5.5% | 0.42% | +0.05 |
| VEU Vanguard Ftse All-World Ex-U | New | 0.05% | +0.05 |
| GD General Dynamics Corp. | Add +6.6% | 0.27% | +0.04 |
| XLK SS Technology Select Sector | New | 0.04% | +0.04 |
| CMF iShares California Muni Bond | New | 0.04% | +0.04 |
| CRM Salesforce Inc. | Add +33.5% | 0.39% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +4.0% | 0.48% | +0.03 |
| BAC Bank of America Corp. | Add +6.0% | 0.35% | +0.03 |
| AZN Astrazeneca PLC-Spons ADR | Add +6.3% | 0.26% | +0.02 |
| J Jacobs Solutions Inc. | Add +6.3% | 0.18% | +0.02 |
| GLD SPDR Gold Shares | Add +37.9% | 0.07% | +0.02 |
| CVX Chevron Corp. | Add +5.8% | 0.28% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +3.2% | 0.07% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +5.9% | 0.18% | +0.02 |
| WMT Walmart Inc. | Add +4.4% | 0.40% | +0.02 |
| SCHW Schwab (charles) Corp. | Add +6.1% | 0.32% | +0.02 |
| NXPI NXP Semiconductors NV | Add +7.0% | 0.18% | +0.01 |
| XOM Exxon Mobil Corp. | Add +5.8% | 0.21% | +0.01 |
| QYLD Global X Nasd 100 Cov Call | Add +9.6% | 0.12% | +0.01 |
| MCD McDonald's Corp. | Add +5.5% | 0.17% | +0.01 |
| NTRA Natera Inc. | Add +1.7% | 0.09% | −0.01 |
| AMZN Amazon.com Inc. | Add +3.8% | 0.51% | −0.01 |
| ZS Zscaler Inc. | Add +6.7% | 0.27% | −0.01 |
| ADBE Adobe Inc. | Add +6.1% | 0.16% | −0.01 |
| V Visa Inc. Class A | Add +4.9% | 0.35% | −0.02 |
| STZ Constellation Brands Inc. Class A | Add +5.9% | 0.09% | −0.02 |
| EMN Eastman Chemical Co. | Add +5.8% | 0.11% | −0.02 |
| RSG Republic Services Inc. | Add +5.6% | 0.33% | −0.03 |
| BSX Boston Scientific Corp. | Add +6.4% | 0.27% | −0.03 |
| HON Honeywell International Inc. | Add +4.8% | 0.23% | −0.03 |
| BSCR Invesco Bulletshares 2027 CB | Add +2.0% | 4.19% | −0.14 |
| BSCP Invesco Bulletshares 2025 CB | Add +2.4% | 4.60% | −0.14 |
| BSCU Invesco Bulletshares 2030 CB | Add +1.0% | 5.06% | −0.20 |
| BSCS Invesco Bulletshares 2028 CB | Add +1.3% | 5.08% | −0.20 |
| BSCQ Invesco Bulletshares 2026 CB | Add +1.6% | 5.58% | −0.21 |
| SGOV iShares 0-3 Month Treasury B | Add +0.7% | 8.83% | −0.44 |
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 |