FWL INVESTMENT MANAGEMENT, LLC Q2 2025 Filing

Filed August 14, 2025

Portfolio Value

$326.8M

Holdings

325

Report Date

Q2 2025

Filing Type

13F-HR

All Holdings (325 positions)

#	Stock	Shares	Value	% Portfolio
1	ORCLORACLE CORP COM	74,136	$16.2M	4.96%
2	MSFTMICROSOFT CORP COM	31,556	$15.7M	4.80%
3	LNGCHENIERE ENERGY INC COM NEW	64,374	$15.7M	4.80%
4	BILSPDR BLOOMBERG 1-3 MONTH T-BILL ETF	146,583	$13.4M	4.11%
5	GOOGALPHABET INC CAP STK CL C	75,762	$13.4M	4.11%
6	GDXVANECK GOLD MINERS ETF	253,245	$13.2M	4.03%
7	GQ9SPDR GOLD SHARES	41,732	$12.7M	3.89%
8	AMLPALERIAN MLP ETF	253,365	$12.4M	3.79%
9	NVDANVIDIA CORPORATION COM	76,534	$12.1M	3.70%
10	CYBRCYBERARK SOFTWARE LTD SHS	29,019	$11.8M	3.61%
11	ETNEATON CORP	32,049	$11.4M	3.50%
12	CCOCAMECO CORP COM	152,795	$11.3M	3.47%
13	WMBWILLIAMS COS INC COM	163,044	$10.2M	3.13%
14	AMZNAMAZON COM INC COM	44,786	$9.8M	3.01%
15	IBNICICI BANK LIMITED ADR	274,236	$9.2M	2.82%
16	CA8ACACI INTL INC CL A	17,321	$8.3M	2.53%
17	AGNCAGNC INVT CORP COM	829,648	$7.6M	2.33%
18	FCXFREEPORT-MCMORAN INC CL B	149,872	$6.5M	1.99%
19	IRENIREN LIMITED ORDINARY SHARES	410,763	$6.0M	1.83%
20	AAPLAPPLE INC COM	25,889	$5.3M	1.63%
21	OKEONEOK INC NEW COM	59,525	$4.9M	1.49%
22	MDTMEDTRONIC PLC SHS	54,412	$4.7M	1.45%
23	TEMTEMPUS AI INC CL A	68,458	$4.3M	1.33%
24	JPMJPMORGAN CHASE & CO. COM	14,896	$4.3M	1.32%
25	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	8,530	$4.1M	1.27%
26	NOWSERVICENOW INC COM	3,719	$3.8M	1.17%
27	WMTWALMART INC COM	35,937	$3.5M	1.08%
28	SCHWSCHWAB CHARLES CORP COM	35,124	$3.2M	0.98%
29	COSTCOSTCO WHSL CORP NEW COM	3,192	$3.2M	0.97%
30	MUMICRON TECHNOLOGY INC COM	25,399	$3.1M	0.96%
31	HDHOME DEPOT INC COM	8,404	$3.1M	0.94%
32	VRTVERTIV HOLDINGS CO COM CL A	23,841	$3.1M	0.94%
33	QC10FLAGSTAR FINANCIAL INC COM NEW	266,158	$2.8M	0.86%
34	NDQINVESCO QQQ TRUST SERIES I	4,964	$2.7M	0.84%
35	PLTRPALANTIR TECHNOLOGIES INC CL A	17,195	$2.3M	0.72%
36	VVISA INC COM CL A	5,606	$2.0M	0.61%
37	CBCHUBB LIMITED COM	6,695	$1.9M	0.59%
38	PGPROCTER AND GAMBLE CO COM	11,381	$1.8M	0.55%
39	GDGENERAL DYNAMICS CORP COM	6,017	$1.8M	0.54%
40	ACNACCENTURE PLC IRELAND SHS CLASS A	5,768	$1.7M	0.53%
41	APDAIR PRODS & CHEMS INC COM	5,957	$1.7M	0.51%
42	QTECFIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND	7,802	$1.7M	0.51%
43	KTOSKRATOS DEFENSE & SEC SOLUTIONS COM NEW	35,017	$1.6M	0.50%
44	IAU*ISHARES GOLD TRUST	25,216	$1.6M	0.48%
45	AMGNAMGEN INC COM	5,133	$1.4M	0.44%
46	IWFISHARES RUSSELL 1000 GROWTH ETF	3,350	$1.4M	0.44%
47	FPEIFIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF	72,505	$1.4M	0.42%
48	METAMETA PLATFORMS INC CL A	1,817	$1.3M	0.41%
49	TSLATESLA INC COM	4,133	$1.3M	0.40%
50	IVVISHARES CORE S&P 500 ETF	1,998	$1.2M	0.38%
51	AGIALAMOS GOLD INC NEW COM CL A	45,512	$1.2M	0.37%
52	SHYISHARES 1-3 YEAR TREASURY BOND ETF	12,288	$1.0M	0.31%
53	GOOGLALPHABET INC CAP STK CL A	5,678	$1.0M	0.31%
54	PAGPPLAINS GP HLDGS L P LTD PARTNR INT A	49,929	$970K	0.30%
55	QQQMINVESCO NASDAQ 100 ETF	4,083	$927K	0.28%
56	URAGLOBAL X URANIUM ETF	21,529	$836K	0.26%
57	EATBRINKER INTL INC COM	4,397	$793K	0.24%
58	NLYANNALY CAPITAL MANAGEMENT INC COM NEW	37,936	$714K	0.22%
59	GSGOLDMAN SACHS GROUP INC COM	936	$662K	0.20%
60	MIGAMICROSTRATEGY INC CL A NEW	1,587	$642K	0.20%
61	CORZCORE SCIENTIFIC INC NEW COM	32,945	$562K	0.17%
62	ONEQFIDELITY NASDAQ COMPOSITE INDEX ETF	6,986	$560K	0.17%
63	VUGVANGUARD GROWTH ETF	1,200	$526K	0.16%
64	PFFISHARES PREFERRED & INCOME SECURITIES ETF	15,790	$484K	0.15%
65	XLUUTILITIES SELECT SECTOR SPDR FUND	5,794	$473K	0.14%
66	VGTVANGUARD INFORMATION TECHNOLOGY ETF	697	$462K	0.14%
67	VTVVANGUARD VALUE ETF	2,388	$422K	0.13%
68	COWZPACER US CASH COWS 100 ETF	7,258	$400K	0.12%
69	FQALFIDELITY QUALITY FACTOR ETF	5,563	$387K	0.12%
70	RIOTRIOT PLATFORMS INC COM	31,843	$360K	0.11%
71	GRIDFIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX	2,567	$357K	0.11%
72	ISRGINTUITIVE SURGICAL INC COM NEW	636	$346K	0.11%
73	SKYYFIRST TRUST CLOUD COMPUTING ETF	2,815	$342K	0.10%
74	DGROISHARES CORE DIVIDEND GROWTH ETF	4,934	$315K	0.10%
75	AVGOBROADCOM INC COM	1,133	$312K	0.10%
76	CVXCHEVRON CORP NEW COM	2,160	$309K	0.09%
77	REMISHARES MORTGAGE REAL ESTATE ETF	14,061	$301K	0.09%
78	IEFISHARES 7-10 YEAR TREASURY BOND ETF	3,085	$295K	0.09%
79	MLPAGLOBAL X MLP ETF	5,702	$286K	0.09%
80	SPTLSPDR PORTFOLIO LONG TERM TREASURY ETF	10,042	$267K	0.08%
81	QUALISHARES MSCI USA QUALITY FACTOR ETF	1,295	$237K	0.07%
82	XLKTECHNOLOGY SELECT SECTOR SPDR FUND	902	$228K	0.07%
83	EDVVANGUARD EXTENDED DURATION TREASURY ETF	3,305	$222K	0.07%
84	PSAPUBLIC STORAGE OPER CO COM	750	$220K	0.07%
85	EPIWISDOMTREE INDIA EARNINGS FUND	4,534	$215K	0.07%
86	HACKAMPLIFY CYBERSECURITY ETF	2,358	$204K	0.06%
87	ABBVABBVIE INC COM	1,097	$204K	0.06%
88	EWJISHARES MSCI JAPAN ETF	2,677	$201K	0.06%
89	AGGISHARES CORE U.S. AGGREGATE BOND ETF	2,012	$200K	0.06%
90	COFCAPITAL ONE FINL CORP COM	928	$197K	0.06%
91	VONGVANGUARD RUSSELL 1000 GROWTH ETF	1,700	$186K	0.06%
92	XARSPDR S&P AEROSPACE & DEFENSE ETF	849	$179K	0.05%
93	SCHXSCHWAB U.S. LARGE-CAP ETF	7,300	$178K	0.05%
94	TOTLSPDR DOUBLELINE TOTAL RETURN TACTICAL ETF	4,239	$170K	0.05%
95	BCCCGLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF	3,891	$170K	0.05%
96	IWRISHARES RUSSELL MIDCAP ETF	1,759	$162K	0.05%
97	KMIKINDER MORGAN INC DEL COM	5,500	$162K	0.05%
98	FTCSFIRST TRUST CAPITAL STRENGTH ETF	1,734	$158K	0.05%
99	VOTVANGUARD MID-CAP GROWTH ETF	518	$147K	0.05%
100	LLYELI LILLY & CO COM	188	$147K	0.04%

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