FWL INVESTMENT MANAGEMENT, LLC Q3 2025 Filing

Filed November 17, 2025

Portfolio Value

$383.6B

Holdings

332

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (332 positions)

#StockSharesValue% PortfolioType
1
GDXVANECK GOLD MINERS ETF
263,603$20.1B5.25%
2
ORCLORACLE CORP COM
69,304$19.5B5.08%
3
GOOGALPHABET INC CAP STK CL C
76,669$18.7B4.87%
4
LNGCHENIERE ENERGY INC COM NEW
73,656$17.3B4.51%
5
MSFTMICROSOFT CORP COM
33,137$17.2B4.47%
6
AMLPALERIAN MLP ETF
341,067$16.0B4.17%
7
GQ9SPDR GOLD SHARES
43,772$15.6B4.06%
8
NVDANVIDIA CORPORATION COM
80,880$15.1B3.93%
9
ETNEATON CORP
37,657$14.1B3.67%
10
WMBWILLIAMS COS INC COM
203,595$12.9B3.36%
11
CCOCAMECO CORP COM
149,494$12.5B3.27%
12
BILSPDR BLOOMBERG 1-3 MONTH T-BILL ETF
131,785$12.1B3.15%
13
AMZNAMAZON COM INC COM
52,707$11.6B3.02%
14
IRENIREN LIMITED ORDINARY SHARES
239,939$11.3B2.94%
15
MUMICRON TECHNOLOGY INC COM
60,721$10.2B2.65%
16
CA8ACACI INTL INC CL A
19,195$9.6B2.50%
17
AGNCAGNC INVT CORP COM
976,912$9.6B2.49%
18
IBNICICI BANK LIMITED ADR
309,998$9.4B2.44%
19
MDTMEDTRONIC PLC SHS
95,598$9.1B2.37%
20
ETRENTERGY CORP NEW COM
92,708$8.6B2.25%
21
TEMTEMPUS AI INC CL A
82,599$6.7B1.74%
22
AAPLAPPLE INC COM
24,550$6.3B1.63%
23
NVTNVENT ELECTRIC PLC SHS
53,493$5.3B1.38%
24
COPXGLOBAL X COPPER MINERS ETF
74,785$4.5B1.17%
25
JPMJPMORGAN CHASE & CO. COM
13,882$4.4B1.14%
26
VRTVERTIV HOLDINGS CO COM CL A
28,336$4.3B1.11%
27
SCHWSCHWAB CHARLES CORP COM
43,381$4.1B1.08%
28
BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW
8,030$4.0B1.05%
29
QC10FLAGSTAR FINANCIAL INC COM NEW
322,433$3.7B0.97%
30
WMTWALMART INC COM
32,980$3.4B0.89%
31
KTOSKRATOS DEFENSE & SEC SOLUTIONS COM NEW
34,182$3.1B0.81%
32
TSLATESLA INC COM
6,718$3.0B0.78%
33
HDHOME DEPOT INC COM
7,294$3.0B0.77%
34
NDQINVESCO QQQ TRUST SERIES I
4,715$2.8B0.74%
35
COSTCOSTCO WHSL CORP NEW COM
3,053$2.8B0.74%
36
PLTRPALANTIR TECHNOLOGIES INC CL A
14,922$2.7B0.71%
37
URAGLOBAL X URANIUM ETF
50,640$2.4B0.63%
38
GDGENERAL DYNAMICS CORP COM
5,501$1.9B0.49%
39
IAU*ISHARES GOLD TRUST
25,216$1.8B0.48%
40
VVISA INC COM CL A
5,257$1.8B0.47%
41
QTECFIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND
7,355$1.7B0.44%
42
RIOTRIOT PLATFORMS INC COM
86,186$1.6B0.43%
43
BMNRBITMINE IMMERSION TECNOLOGIES COM NEW
30,996$1.6B0.42%
44
GOOGLALPHABET INC CAP STK CL A
6,407$1.6B0.41%
45
AGIALAMOS GOLD INC NEW COM CL A
44,482$1.6B0.40%
46
CYBRCYBERARK SOFTWARE LTD SHS
3,009$1.5B0.38%
47
APDAIR PRODS & CHEMS INC COM
5,206$1.4B0.37%
48
FPEIFIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF
73,170$1.4B0.37%
49
IWFISHARES RUSSELL 1000 GROWTH ETF
2,975$1.4B0.36%
50
METAMETA PLATFORMS INC CL A
1,877$1.4B0.36%
51
AMGNAMGEN INC COM
4,654$1.3B0.34%
52
GSGOLDMAN SACHS GROUP INC COM
1,448$1.2B0.30%
53
SHYISHARES 1-3 YEAR TREASURY BOND ETF
12,500$1.0B0.27%
54
IVVISHARES CORE S&P 500 ETF
1,505$1.0B0.26%
55
CVXCHEVRON CORP NEW COM
5,836$906.3M0.24%
56
QQQMINVESCO NASDAQ 100 ETF
3,416$844.2M0.22%
57
PAGPPLAINS GP HLDGS L P LTD PARTNR INT A
44,132$805.0M0.21%
58
NLYANNALY CAPITAL MANAGEMENT INC COM NEW
37,936$766.7M0.20%
59
EATBRINKER INTL INC COM
5,490$695.5M0.18%
60
XLUUTILITIES SELECT SECTOR SPDR FUND
7,113$620.3M0.16%
61
VUGVANGUARD GROWTH ETF
1,200$575.5M0.15%
62
PFFISHARES PREFERRED & INCOME SECURITIES ETF
17,990$568.8M0.15%
63
VGTVANGUARD INFORMATION TECHNOLOGY ETF
697$520.4M0.14%
64
VTVVANGUARD VALUE ETF
2,348$437.9M0.11%
65
COWZPACER US CASH COWS 100 ETF
7,533$432.9M0.11%
66
ONEQFIDELITY NASDAQ COMPOSITE INDEX ETF
4,677$416.9M0.11%
67
AVGOBROADCOM INC COM
1,242$409.7M0.11%
68
CORZCORE SCIENTIFIC INC NEW COM
21,307$382.2M0.10%
69
GRIDFIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX
2,088$315.5M0.08%
70
SKYYFIRST TRUST CLOUD COMPUTING ETF
2,218$298.2M0.08%
71
QUALISHARES MSCI USA QUALITY FACTOR ETF
1,445$281.1M0.07%
72
MMM3M CO COM
1,805$280.1M0.07%
73
FQALFIDELITY QUALITY FACTOR ETF
3,685$275.3M0.07%
74
EDVVANGUARD EXTENDED DURATION TREASURY ETF
3,969$271.7M0.07%
75
XLKTECHNOLOGY SELECT SECTOR SPDR FUND
897$252.8M0.07%
76
SILGLOBAL X SILVER MINERS ETF
3,514$251.7M0.07%
77
REMISHARES MORTGAGE REAL ESTATE ETF
11,116$244.2M0.06%
78
MLPAGLOBAL X MLP ETF
4,843$234.5M0.06%
79
ABBVABBVIE INC COM
1,007$233.3M0.06%
80
SPTLSPDR PORTFOLIO LONG TERM TREASURY ETF
8,500$229.1M0.06%
81
FLNCFLUENCE ENERGY INC COM CL A
20,250$218.7M0.06%
82
DGROISHARES CORE DIVIDEND GROWTH ETF
3,195$217.5M0.06%
83
AGGISHARES CORE U.S. AGGREGATE BOND ETF
2,012$201.8M0.05%
84
OKEONEOK INC NEW COM
2,751$200.7M0.05%
85
XARSPDR S&P AEROSPACE & DEFENSE ETF
844$198.3M0.05%
86
COFCAPITAL ONE FINL CORP COM
922$196.0M0.05%
87
TOTLSPDR DOUBLELINE TOTAL RETURN TACTICAL ETF
4,774$193.7M0.05%
88
VONGVANGUARD RUSSELL 1000 GROWTH ETF
1,600$192.8M0.05%
89
SCHXSCHWAB U.S. LARGE-CAP ETF
7,050$185.7M0.05%
90
HACKAMPLIFY CYBERSECURITY ETF
1,865$161.9M0.04%
91
SPYSPDR S&P 500 ETF TRUST
237$158.1M0.04%
92
FTCSFIRST TRUST CAPITAL STRENGTH ETF
1,669$156.3M0.04%
93
KMIKINDER MORGAN INC DEL COM
5,500$155.7M0.04%
94
EPIWISDOMTREE INDIA EARNINGS FUND
3,456$152.7M0.04%
95
VOTVANGUARD MID-CAP GROWTH ETF
518$152.2M0.04%
96
EWJISHARES MSCI JAPAN ETF
1,893$151.8M0.04%
97
IYFISHARES U.S. FINANCIALS ETF
1,148$145.4M0.04%
98
DDOMINION ENERGY INC COM
2,363$144.5M0.04%
99
BCCCGLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF
2,996$142.7M0.04%
100
CSCOCISCO SYS INC COM
2,000$136.8M0.04%
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