FWL INVESTMENT MANAGEMENT, LLC Q3 2025 Filing

Filed November 17, 2025

Portfolio Value

$383.6M

Holdings

332

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (332 positions)

#	Stock	Shares	Value	% Portfolio
1	GDXVANECK GOLD MINERS ETF	263,603	$20.1M	5.25%
2	ORCLORACLE CORP COM	69,304	$19.5M	5.08%
3	GOOGALPHABET INC CAP STK CL C	76,669	$18.7M	4.87%
4	LNGCHENIERE ENERGY INC COM NEW	73,656	$17.3M	4.51%
5	MSFTMICROSOFT CORP COM	33,137	$17.2M	4.47%
6	AMLPALERIAN MLP ETF	341,067	$16.0M	4.17%
7	GQ9SPDR GOLD SHARES	43,772	$15.6M	4.06%
8	NVDANVIDIA CORPORATION COM	80,880	$15.1M	3.93%
9	ETNEATON CORP	37,657	$14.1M	3.67%
10	WMBWILLIAMS COS INC COM	203,595	$12.9M	3.36%
11	CCOCAMECO CORP COM	149,494	$12.5M	3.27%
12	BILSPDR BLOOMBERG 1-3 MONTH T-BILL ETF	131,785	$12.1M	3.15%
13	AMZNAMAZON COM INC COM	52,707	$11.6M	3.02%
14	IRENIREN LIMITED ORDINARY SHARES	239,939	$11.3M	2.94%
15	MUMICRON TECHNOLOGY INC COM	60,721	$10.2M	2.65%
16	CA8ACACI INTL INC CL A	19,195	$9.6M	2.50%
17	AGNCAGNC INVT CORP COM	976,912	$9.6M	2.49%
18	IBNICICI BANK LIMITED ADR	309,998	$9.4M	2.44%
19	MDTMEDTRONIC PLC SHS	95,598	$9.1M	2.37%
20	ETRENTERGY CORP NEW COM	92,708	$8.6M	2.25%
21	TEMTEMPUS AI INC CL A	82,599	$6.7M	1.74%
22	AAPLAPPLE INC COM	24,550	$6.3M	1.63%
23	NVTNVENT ELECTRIC PLC SHS	53,493	$5.3M	1.38%
24	COPXGLOBAL X COPPER MINERS ETF	74,785	$4.5M	1.17%
25	JPMJPMORGAN CHASE & CO. COM	13,882	$4.4M	1.14%
26	VRTVERTIV HOLDINGS CO COM CL A	28,336	$4.3M	1.11%
27	SCHWSCHWAB CHARLES CORP COM	43,381	$4.1M	1.08%
28	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	8,030	$4.0M	1.05%
29	QC10FLAGSTAR FINANCIAL INC COM NEW	322,433	$3.7M	0.97%
30	WMTWALMART INC COM	32,980	$3.4M	0.89%
31	KTOSKRATOS DEFENSE & SEC SOLUTIONS COM NEW	34,182	$3.1M	0.81%
32	TSLATESLA INC COM	6,718	$3.0M	0.78%
33	HDHOME DEPOT INC COM	7,294	$3.0M	0.77%
34	NDQINVESCO QQQ TRUST SERIES I	4,715	$2.8M	0.74%
35	COSTCOSTCO WHSL CORP NEW COM	3,053	$2.8M	0.74%
36	PLTRPALANTIR TECHNOLOGIES INC CL A	14,922	$2.7M	0.71%
37	URAGLOBAL X URANIUM ETF	50,640	$2.4M	0.63%
38	GDGENERAL DYNAMICS CORP COM	5,501	$1.9M	0.49%
39	IAU*ISHARES GOLD TRUST	25,216	$1.8M	0.48%
40	VVISA INC COM CL A	5,257	$1.8M	0.47%
41	QTECFIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND	7,355	$1.7M	0.44%
42	RIOTRIOT PLATFORMS INC COM	86,186	$1.6M	0.43%
43	BMNRBITMINE IMMERSION TECNOLOGIES COM NEW	30,996	$1.6M	0.42%
44	GOOGLALPHABET INC CAP STK CL A	6,407	$1.6M	0.41%
45	AGIALAMOS GOLD INC NEW COM CL A	44,482	$1.6M	0.40%
46	CYBRCYBERARK SOFTWARE LTD SHS	3,009	$1.5M	0.38%
47	APDAIR PRODS & CHEMS INC COM	5,206	$1.4M	0.37%
48	FPEIFIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF	73,170	$1.4M	0.37%
49	IWFISHARES RUSSELL 1000 GROWTH ETF	2,975	$1.4M	0.36%
50	METAMETA PLATFORMS INC CL A	1,877	$1.4M	0.36%
51	AMGNAMGEN INC COM	4,654	$1.3M	0.34%
52	GSGOLDMAN SACHS GROUP INC COM	1,448	$1.2M	0.30%
53	SHYISHARES 1-3 YEAR TREASURY BOND ETF	12,500	$1.0M	0.27%
54	IVVISHARES CORE S&P 500 ETF	1,505	$1.0M	0.26%
55	CVXCHEVRON CORP NEW COM	5,836	$906K	0.24%
56	QQQMINVESCO NASDAQ 100 ETF	3,416	$844K	0.22%
57	PAGPPLAINS GP HLDGS L P LTD PARTNR INT A	44,132	$805K	0.21%
58	NLYANNALY CAPITAL MANAGEMENT INC COM NEW	37,936	$767K	0.20%
59	EATBRINKER INTL INC COM	5,490	$695K	0.18%
60	XLUUTILITIES SELECT SECTOR SPDR FUND	7,113	$620K	0.16%
61	VUGVANGUARD GROWTH ETF	1,200	$576K	0.15%
62	PFFISHARES PREFERRED & INCOME SECURITIES ETF	17,990	$569K	0.15%
63	VGTVANGUARD INFORMATION TECHNOLOGY ETF	697	$520K	0.14%
64	VTVVANGUARD VALUE ETF	2,348	$438K	0.11%
65	COWZPACER US CASH COWS 100 ETF	7,533	$433K	0.11%
66	ONEQFIDELITY NASDAQ COMPOSITE INDEX ETF	4,677	$417K	0.11%
67	AVGOBROADCOM INC COM	1,242	$410K	0.11%
68	CORZCORE SCIENTIFIC INC NEW COM	21,307	$382K	0.10%
69	GRIDFIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX	2,088	$316K	0.08%
70	SKYYFIRST TRUST CLOUD COMPUTING ETF	2,218	$298K	0.08%
71	QUALISHARES MSCI USA QUALITY FACTOR ETF	1,445	$281K	0.07%
72	MMM3M CO COM	1,805	$280K	0.07%
73	FQALFIDELITY QUALITY FACTOR ETF	3,685	$275K	0.07%
74	EDVVANGUARD EXTENDED DURATION TREASURY ETF	3,969	$272K	0.07%
75	XLKTECHNOLOGY SELECT SECTOR SPDR FUND	897	$253K	0.07%
76	SILGLOBAL X SILVER MINERS ETF	3,514	$252K	0.07%
77	REMISHARES MORTGAGE REAL ESTATE ETF	11,116	$244K	0.06%
78	MLPAGLOBAL X MLP ETF	4,843	$235K	0.06%
79	ABBVABBVIE INC COM	1,007	$233K	0.06%
80	SPTLSPDR PORTFOLIO LONG TERM TREASURY ETF	8,500	$229K	0.06%
81	FLNCFLUENCE ENERGY INC COM CL A	20,250	$219K	0.06%
82	DGROISHARES CORE DIVIDEND GROWTH ETF	3,195	$218K	0.06%
83	AGGISHARES CORE U.S. AGGREGATE BOND ETF	2,012	$202K	0.05%
84	OKEONEOK INC NEW COM	2,751	$201K	0.05%
85	XARSPDR S&P AEROSPACE & DEFENSE ETF	844	$198K	0.05%
86	COFCAPITAL ONE FINL CORP COM	922	$196K	0.05%
87	TOTLSPDR DOUBLELINE TOTAL RETURN TACTICAL ETF	4,774	$194K	0.05%
88	VONGVANGUARD RUSSELL 1000 GROWTH ETF	1,600	$193K	0.05%
89	SCHXSCHWAB U.S. LARGE-CAP ETF	7,050	$186K	0.05%
90	HACKAMPLIFY CYBERSECURITY ETF	1,865	$162K	0.04%
91	SPYSPDR S&P 500 ETF TRUST	237	$158K	0.04%
92	FTCSFIRST TRUST CAPITAL STRENGTH ETF	1,669	$156K	0.04%
93	KMIKINDER MORGAN INC DEL COM	5,500	$156K	0.04%
94	EPIWISDOMTREE INDIA EARNINGS FUND	3,456	$153K	0.04%
95	VOTVANGUARD MID-CAP GROWTH ETF	518	$152K	0.04%
96	EWJISHARES MSCI JAPAN ETF	1,893	$152K	0.04%
97	IYFISHARES U.S. FINANCIALS ETF	1,148	$145K	0.04%
98	DDOMINION ENERGY INC COM	2,363	$145K	0.04%
99	BCCCGLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF	2,996	$143K	0.04%
100	CSCOCISCO SYS INC COM	2,000	$137K	0.04%

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