FWL INVESTMENT MANAGEMENT, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$326.8B

Holdings

325

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (325 positions)

#StockSharesValue% PortfolioType
1
ORCLORACLE CORP COM
74,136$16.2B4.96%
2
MSFTMICROSOFT CORP COM
31,556$15.7B4.80%
3
LNGCHENIERE ENERGY INC COM NEW
64,374$15.7B4.80%
4
BILSPDR BLOOMBERG 1-3 MONTH T-BILL ETF
146,583$13.4B4.11%
5
GOOGALPHABET INC CAP STK CL C
75,762$13.4B4.11%
6
GDXVANECK GOLD MINERS ETF
253,245$13.2B4.03%
7
GQ9SPDR GOLD SHARES
41,732$12.7B3.89%
8
AMLPALERIAN MLP ETF
253,365$12.4B3.79%
9
NVDANVIDIA CORPORATION COM
76,534$12.1B3.70%
10
CYBRCYBERARK SOFTWARE LTD SHS
29,019$11.8B3.61%
11
ETNEATON CORP
32,049$11.4B3.50%
12
CCOCAMECO CORP COM
152,795$11.3B3.47%
13
WMBWILLIAMS COS INC COM
163,044$10.2B3.13%
14
AMZNAMAZON COM INC COM
44,786$9.8B3.01%
15
IBNICICI BANK LIMITED ADR
274,236$9.2B2.82%
16
CA8ACACI INTL INC CL A
17,321$8.3B2.53%
17
AGNCAGNC INVT CORP COM
829,648$7.6B2.33%
18
FCXFREEPORT-MCMORAN INC CL B
149,872$6.5B1.99%
19
IRENIREN LIMITED ORDINARY SHARES
410,763$6.0B1.83%
20
AAPLAPPLE INC COM
25,889$5.3B1.63%
21
OKEONEOK INC NEW COM
59,525$4.9B1.49%
22
MDTMEDTRONIC PLC SHS
54,412$4.7B1.45%
23
TEMTEMPUS AI INC CL A
68,458$4.3B1.33%
24
JPMJPMORGAN CHASE & CO. COM
14,896$4.3B1.32%
25
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
8,530$4.1B1.27%
26
NOWSERVICENOW INC COM
3,719$3.8B1.17%
27
WMTWALMART INC COM
35,937$3.5B1.08%
28
SCHWSCHWAB CHARLES CORP COM
35,124$3.2B0.98%
29
COSTCOSTCO WHSL CORP NEW COM
3,192$3.2B0.97%
30
MUMICRON TECHNOLOGY INC COM
25,399$3.1B0.96%
31
HDHOME DEPOT INC COM
8,404$3.1B0.94%
32
VRTVERTIV HOLDINGS CO COM CL A
23,841$3.1B0.94%
33
QC10FLAGSTAR FINANCIAL INC COM NEW
266,158$2.8B0.86%
34
NDQINVESCO QQQ TRUST SERIES I
4,964$2.7B0.84%
35
PLTRPALANTIR TECHNOLOGIES INC CL A
17,195$2.3B0.72%
36
VVISA INC COM CL A
5,606$2.0B0.61%
37
CBCHUBB LIMITED COM
6,695$1.9B0.59%
38
PGPROCTER AND GAMBLE CO COM
11,381$1.8B0.55%
39
GDGENERAL DYNAMICS CORP COM
6,017$1.8B0.54%
40
ACNACCENTURE PLC IRELAND SHS CLASS A
5,768$1.7B0.53%
41
APDAIR PRODS & CHEMS INC COM
5,957$1.7B0.51%
42
QTECFIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND
7,802$1.7B0.51%
43
KTOSKRATOS DEFENSE & SEC SOLUTIONS COM NEW
35,017$1.6B0.50%
44
IAU*ISHARES GOLD TRUST
25,216$1.6B0.48%
45
AMGNAMGEN INC COM
5,133$1.4B0.44%
46
IWFISHARES RUSSELL 1000 GROWTH ETF
3,350$1.4B0.44%
47
FPEIFIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF
72,505$1.4B0.42%
48
METAMETA PLATFORMS INC CL A
1,817$1.3B0.41%
49
TSLATESLA INC COM
4,133$1.3B0.40%
50
IVVISHARES CORE S&P 500 ETF
1,998$1.2B0.38%
51
AGIALAMOS GOLD INC NEW COM CL A
45,512$1.2B0.37%
52
SHYISHARES 1-3 YEAR TREASURY BOND ETF
12,288$1.0B0.31%
53
GOOGLALPHABET INC CAP STK CL A
5,678$1.0B0.31%
54
PAGPPLAINS GP HLDGS L P LTD PARTNR INT A
49,929$970.1M0.30%
55
QQQMINVESCO NASDAQ 100 ETF
4,083$927.3M0.28%
56
URAGLOBAL X URANIUM ETF
21,529$835.5M0.26%
57
EATBRINKER INTL INC COM
4,397$792.9M0.24%
58
NLYANNALY CAPITAL MANAGEMENT INC COM NEW
37,936$714.0M0.22%
59
GSGOLDMAN SACHS GROUP INC COM
936$662.5M0.20%
60
MIGAMICROSTRATEGY INC CL A NEW
1,587$641.5M0.20%
61
CORZCORE SCIENTIFIC INC NEW COM
32,945$562.4M0.17%
62
ONEQFIDELITY NASDAQ COMPOSITE INDEX ETF
6,986$559.6M0.17%
63
VUGVANGUARD GROWTH ETF
1,200$526.1M0.16%
64
PFFISHARES PREFERRED & INCOME SECURITIES ETF
15,790$484.4M0.15%
65
XLUUTILITIES SELECT SECTOR SPDR FUND
5,794$473.1M0.14%
66
VGTVANGUARD INFORMATION TECHNOLOGY ETF
697$462.3M0.14%
67
VTVVANGUARD VALUE ETF
2,388$422.1M0.13%
68
COWZPACER US CASH COWS 100 ETF
7,258$399.9M0.12%
69
FQALFIDELITY QUALITY FACTOR ETF
5,563$387.4M0.12%
70
RIOTRIOT PLATFORMS INC COM
31,843$359.8M0.11%
71
GRIDFIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX
2,567$356.9M0.11%
72
ISRGINTUITIVE SURGICAL INC COM NEW
636$345.6M0.11%
73
SKYYFIRST TRUST CLOUD COMPUTING ETF
2,815$342.4M0.10%
74
DGROISHARES CORE DIVIDEND GROWTH ETF
4,934$315.5M0.10%
75
AVGOBROADCOM INC COM
1,133$312.3M0.10%
76
CVXCHEVRON CORP NEW COM
2,160$309.3M0.09%
77
REMISHARES MORTGAGE REAL ESTATE ETF
14,061$300.6M0.09%
78
IEFISHARES 7-10 YEAR TREASURY BOND ETF
3,085$295.4M0.09%
79
MLPAGLOBAL X MLP ETF
5,702$286.2M0.09%
80
SPTLSPDR PORTFOLIO LONG TERM TREASURY ETF
10,042$266.9M0.08%
81
QUALISHARES MSCI USA QUALITY FACTOR ETF
1,295$236.8M0.07%
82
XLKTECHNOLOGY SELECT SECTOR SPDR FUND
902$228.4M0.07%
83
EDVVANGUARD EXTENDED DURATION TREASURY ETF
3,305$222.4M0.07%
84
PSAPUBLIC STORAGE OPER CO COM
750$220.1M0.07%
85
EPIWISDOMTREE INDIA EARNINGS FUND
4,534$215.2M0.07%
86
HACKAMPLIFY CYBERSECURITY ETF
2,358$203.7M0.06%
87
ABBVABBVIE INC COM
1,097$203.6M0.06%
88
EWJISHARES MSCI JAPAN ETF
2,677$200.7M0.06%
89
AGGISHARES CORE U.S. AGGREGATE BOND ETF
2,012$199.6M0.06%
90
COFCAPITAL ONE FINL CORP COM
928$197.4M0.06%
91
VONGVANGUARD RUSSELL 1000 GROWTH ETF
1,700$185.6M0.06%
92
XARSPDR S&P AEROSPACE & DEFENSE ETF
849$179.1M0.05%
93
SCHXSCHWAB U.S. LARGE-CAP ETF
7,300$178.4M0.05%
94
TOTLSPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
4,239$170.0M0.05%
95
BCCCGLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF
3,891$169.6M0.05%
96
IWRISHARES RUSSELL MIDCAP ETF
1,759$161.8M0.05%
97
KMIKINDER MORGAN INC DEL COM
5,500$161.7M0.05%
98
FTCSFIRST TRUST CAPITAL STRENGTH ETF
1,734$157.6M0.05%
99
VOTVANGUARD MID-CAP GROWTH ETF
518$147.3M0.05%
100
LLYELI LILLY & CO COM
188$146.6M0.04%
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