FWL INVESTMENT MANAGEMENT, LLC Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$415.7B
Holdings
365
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (365 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | GOOGALPHABET INC CAP STK CL C | 74,967 | $23.5B | 5.66% | |
| 2 | GDXVANECK GOLD MINERS ETF | 250,389 | $21.5B | 5.17% | |
| 3 | AMLPALERIAN MLP ETF | 392,396 | $18.4B | 4.44% | |
| 4 | MSFTMICROSOFT CORP COM | 37,349 | $18.1B | 4.35% | |
| 5 | GQ9SPDR GOLD SHARES | 44,176 | $17.5B | 4.21% | |
| 6 | LNGCHENIERE ENERGY INC COM NEW | 86,286 | $16.8B | 4.04% | |
| 7 | NVDANVIDIA CORPORATION COM | 87,333 | $16.3B | 3.92% | |
| 8 | MUMICRON TECHNOLOGY INC COM | 55,665 | $15.9B | 3.82% | |
| 9 | BILSTATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 161,112 | $14.7B | 3.54% | |
| 10 | WMBWILLIAMS COS INC COM | 233,833 | $14.1B | 3.38% | |
| 11 | CCOCAMECO CORP COM | 153,047 | $14.0B | 3.37% | |
| 12 | AGNCAGNC INVT CORP COM | 1,253,847 | $13.4B | 3.23% | |
| 13 | ORCLORACLE CORP COM | 61,965 | $12.1B | 2.91% | |
| 14 | COPXGLOBAL X COPPER MINERS ETF | 156,889 | $11.3B | 2.71% | |
| 15 | CA8ACACI INTL INC CL A | 20,734 | $11.0B | 2.66% | |
| 16 | ETNEATON CORP | 34,327 | $10.9B | 2.63% | |
| 17 | IBNICICI BANK LIMITED ADR | 343,892 | $10.2B | 2.47% | |
| 18 | MDTMEDTRONIC PLC SHS | 105,899 | $10.2B | 2.45% | |
| 19 | ETRENTERGY CORP NEW COM | 103,364 | $9.6B | 2.30% | |
| 20 | GEHCGE HEALTHCARE TECHNOLOGIES INC COMMON STOCK | 111,288 | $9.1B | 2.20% | |
| 21 | IRENIREN LIMITED ORDINARY SHARES | 237,859 | $9.0B | 2.16% | |
| 22 | AAPLAPPLE INC COM | 25,017 | $6.8B | 1.64% | |
| 23 | AMZNAMAZON COM INC COM | 26,012 | $6.0B | 1.44% | |
| 24 | SCHWSCHWAB CHARLES CORP COM | 51,032 | $5.1B | 1.23% | |
| 25 | JPMJPMORGAN CHASE & CO. COM | 14,176 | $4.6B | 1.10% | |
| 26 | TEMTEMPUS AI INC CL A | 76,843 | $4.5B | 1.09% | |
| 27 | VRTVERTIV HOLDINGS CO COM CL A | 25,438 | $4.1B | 0.99% | |
| 28 | EWYISHARES MSCI SOUTH KOREA ETF | 41,748 | $4.1B | 0.98% | |
| 29 | BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW | 8,052 | $4.0B | 0.97% | |
| 30 | NVTNVENT ELECTRIC PLC SHS | 37,970 | $3.9B | 0.93% | |
| 31 | WMTWALMART INC COM | 33,263 | $3.7B | 0.89% | |
| 32 | TSLATESLA INC COM | 8,046 | $3.6B | 0.87% | |
| 33 | KTOSKRATOS DEFENSE & SEC SOLUTIONS COM NEW | 41,232 | $3.1B | 0.75% | |
| 34 | PLTRPALANTIR TECHNOLOGIES INC CL A | 16,549 | $2.9B | 0.71% | |
| 35 | NDQINVESCO QQQ TRUST SERIES I | 4,423 | $2.7B | 0.65% | |
| 36 | QCOMQUALCOMM INC COM | 15,875 | $2.7B | 0.65% | |
| 37 | URAGLOBAL X URANIUM ETF | 61,214 | $2.6B | 0.63% | |
| 38 | COSTCOSTCO WHSL CORP NEW COM | 3,021 | $2.6B | 0.63% | |
| 39 | HDHOME DEPOT INC COM | 6,958 | $2.4B | 0.58% | |
| 40 | GOOGLALPHABET INC CAP STK CL A | 7,245 | $2.3B | 0.55% | |
| 41 | IAU*ISHARES GOLD TRUST | 24,966 | $2.0B | 0.49% | |
| 42 | LSTRLANDSTAR SYS INC COM | 13,212 | $1.9B | 0.46% | |
| 43 | VVISA INC COM CL A | 5,341 | $1.9B | 0.45% | |
| 44 | GDGENERAL DYNAMICS CORP COM | 5,432 | $1.8B | 0.44% | |
| 45 | QTECFIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND | 7,463 | $1.7B | 0.41% | |
| 46 | METAMETA PLATFORMS INC CL A | 2,500 | $1.6B | 0.40% | |
| 47 | GSGOLDMAN SACHS GROUP INC COM | 1,721 | $1.5B | 0.36% | |
| 48 | AMGNAMGEN INC COM | 4,559 | $1.5B | 0.36% | |
| 49 | IWFISHARES RUSSELL 1000 GROWTH ETF | 2,975 | $1.4B | 0.34% | |
| 50 | FPEIFIRST TRUST INSTITUTIONAL PREFERRED SECURITIES & INCOME ETF | 71,095 | $1.4B | 0.33% | |
| 51 | AGIALAMOS GOLD INC NEW COM CL A | 32,641 | $1.3B | 0.30% | |
| 52 | CYBRCYBERARK SOFTWARE LTD SHS | 2,787 | $1.2B | 0.30% | |
| 53 | APDAIR PRODS & CHEMS INC COM | 4,967 | $1.2B | 0.29% | |
| 54 | SHYISHARES 1-3 YEAR TREASURY BOND ETF | 12,485 | $1.0B | 0.25% | |
| 55 | MLPAGLOBAL X MLP ETF | 21,353 | $1.0B | 0.25% | |
| 56 | IVVISHARES CORE S&P 500 ETF | 1,503 | $1.0B | 0.25% | |
| 57 | CVXCHEVRON CORP NEW COM | 6,677 | $1.0B | 0.24% | |
| 58 | QQQMINVESCO NASDAQ 100 ETF | 3,428 | $867.0M | 0.21% | |
| 59 | NLYANNALY CAPITAL MANAGEMENT INC COM NEW | 38,619 | $863.0M | 0.21% | |
| 60 | PFFISHARES PREFERRED & INCOME SECURITIES ETF | 21,525 | $666.0M | 0.16% | |
| 61 | XLUSTATE STREET UTILITIES SELECT SECTOR SPDR ETF | 14,433 | $616.0M | 0.15% | |
| 62 | VUGVANGUARD GROWTH ETF | 1,200 | $585.0M | 0.14% | |
| 63 | COWZPACER US CASH COWS 100 ETF | 9,376 | $564.0M | 0.14% | |
| 64 | VGTVANGUARD INFORMATION TECHNOLOGY ETF | 697 | $525.0M | 0.13% | |
| 65 | GRIDFIRST TRUST NASDAQ CLEAN EDGE SMART GRID INFRASTRUCTURE INDEX | 3,409 | $521.0M | 0.13% | |
| 66 | AVGOBROADCOM INC COM | 1,456 | $503.0M | 0.12% | |
| 67 | VTVVANGUARD VALUE ETF | 2,278 | $435.0M | 0.10% | |
| 68 | ONEQFIDELITY NASDAQ COMPOSITE INDEX ETF | 4,646 | $424.0M | 0.10% | |
| 69 | SKYYFIRST TRUST CLOUD COMPUTING ETF | 2,523 | $328.0M | 0.08% | |
| 70 | EDVVANGUARD EXTENDED DURATION TREASURY ETF | 4,761 | $309.0M | 0.07% | |
| 71 | SILGLOBAL X SILVER MINERS ETF | 3,535 | $295.0M | 0.07% | |
| 72 | MMM3M CO COM | 1,805 | $288.0M | 0.07% | |
| 73 | AGGISHARES CORE U.S. AGGREGATE BOND ETF | 2,848 | $284.0M | 0.07% | |
| 74 | REMISHARES MORTGAGE REAL ESTATE ETF | 12,846 | $284.0M | 0.07% | |
| 75 | FQALFIDELITY QUALITY FACTOR ETF | 3,678 | $278.0M | 0.07% | |
| 76 | ABBVABBVIE INC COM | 1,189 | $271.0M | 0.07% | |
| 77 | QUALISHARES MSCI USA QUALITY FACTOR ETF | 1,357 | $269.0M | 0.06% | |
| 78 | XLKSTATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | 1,754 | $252.0M | 0.06% | |
| 79 | INDAISHARES MSCI INDIA ETF | 4,292 | $231.0M | 0.06% | |
| 80 | SPTLSTATE STREET SPDR PORTFOLIO LONG TERM TREASURY ETF | 8,500 | $224.0M | 0.05% | |
| 81 | COFCAPITAL ONE FINL CORP COM | 922 | $223.0M | 0.05% | |
| 82 | TOTLSTATE STREET DOUBLELINE TOTAL RETURN TACTICAL ETF | 5,480 | $220.0M | 0.05% | |
| 83 | LLYELI LILLY & CO COM | 205 | $220.0M | 0.05% | |
| 84 | XARSTATE STREET SPDR S&P AEROSPACE & DEFENSE ETF | 912 | $219.0M | 0.05% | |
| 85 | DGROISHARES CORE DIVIDEND GROWTH ETF | 3,058 | $212.0M | 0.05% | |
| 86 | VONGVANGUARD RUSSELL 1000 GROWTH ETF | 1,600 | $194.0M | 0.05% | |
| 87 | EPIWISDOMTREE INDIA EARNINGS FUND | 4,113 | $190.0M | 0.05% | |
| 88 | SCHXSCHWAB U.S. LARGE-CAP ETF | 7,050 | $189.0M | 0.05% | |
| 89 | CSCOCISCO SYS INC COM | 2,459 | $189.0M | 0.05% | |
| 90 | HACKAMPLIFY CYBERSECURITY ETF | 2,160 | $173.0M | 0.04% | |
| 91 | EWJISHARES MSCI JAPAN ETF | 2,113 | $170.0M | 0.04% | |
| 92 | AXPAMERICAN EXPRESS CO COM | 438 | $162.0M | 0.04% | |
| 93 | BCCCGLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF | 3,410 | $162.0M | 0.04% | |
| 94 | SPYSPDR S&P 500 ETF TRUST | 237 | $161.0M | 0.04% | |
| 95 | KMIKINDER MORGAN INC DEL COM | 5,500 | $151.0M | 0.04% | |
| 96 | MLPXGLOBAL X MLP & ENERGY INFRASTRUCTURE ETF | 2,465 | $149.0M | 0.04% | |
| 97 | IYFISHARES U.S. FINANCIALS ETF | 1,148 | $148.0M | 0.04% | |
| 98 | MRKMERCK & CO INC COM | 1,395 | $146.0M | 0.04% | |
| 99 | VOTVANGUARD MID-CAP GROWTH ETF | 518 | $144.0M | 0.03% | |
| 100 | FTCSFIRST TRUST CAPITAL STRENGTH ETF | 1,519 | $140.0M | 0.03% |
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