13F HOLDINGS REPORT

FWG Investments, LLC.

Quarter ended Q4 2025 · Filed January 28, 2026 · Accession 0001944877-26-000001

Total Value

$157.0M

Positions

111

Other Managers

Confidential Omitted

View on SEC.gov

Holdings (111)

#	Issuer	Ticker / CUSIP	Shares	Value	% of Filing
1	VANGUARD INDEX FDS	922908363	29,163	$18.3M	11.65%
2	VANGUARD INDEX FDS	922908736	24,146	$11.8M	7.50%
3	CAPITOL SER TR	14064D444	253,720	$6.4M	4.10%
4	ISHARES TR	464289438	17,549	$4.9M	3.10%
5	ISHARES INC	46434G103	72,088	$4.8M	3.09%
6	AIM ETF PRODUCTS TRUST	00888H521	174,571	$4.8M	3.05%
7	AIM ETF PRODUCTS TRUST	00888H877	126,806	$4.4M	2.81%
8	AIM ETF PRODUCTS TRUST	00888H836	99,442	$3.6M	2.32%
9	AIM ETF PRODUCTS TRUST	00888H695	85,940	$3.0M	1.93%
10	ISHARES TR	464289420	30,767	$2.8M	1.80%
11	FIRST TR EXCHNG TRADED FD VI	33740F557	87,246	$2.8M	1.77%
12	FIRST TR EXCHNG TRADED FD VI	33740F722	46,095	$2.6M	1.68%
13	ISHARES TR	46435G326	31,431	$2.6M	1.65%
14	FIRST TR EXCHNG TRADED FD VI	33740F664	50,952	$2.5M	1.59%
15	ELEVATION SERIES TRUST	210322608	86,364	$2.2M	1.43%
16	FIRST TR EXCHNG TRADED FD VI	33740F649	66,633	$2.2M	1.38%
17	ISHARES INC	464286525	17,134	$2.0M	1.30%
18	ELEVATION SERIES TRUST	210322509	84,272	$2.0M	1.29%
19	ABRDN FDS	00384X301	50,839	$2.0M	1.24%
20	BLACKROCK ETF TRUST	BLK	29,451	$1.8M	1.14%
21	APPLE INC	AAPL	6,517	$1.8M	1.13%
22	FIRST TR EXCHNG TRADED FD VI	33740F748	33,122	$1.8M	1.13%
23	AIM ETF PRODUCTS TRUST	00888H570	58,176	$1.7M	1.10%
24	ISHARES TR	464288877	24,202	$1.7M	1.10%
25	SPDR SERIES TRUST	78464A854	21,439	$1.7M	1.10%
26	FIRST TR EXCHNG TRADED FD VI	33740U505	33,464	$1.7M	1.09%
27	FIRST TR EXCHNG TRADED FD VI	33740F847	29,786	$1.6M	1.04%
28	ISHARES TR	464287408	7,676	$1.6M	1.04%
29	ISHARES TR	464288885	14,083	$1.6M	1.02%
30	FIRST TR EXCHNG TRADED FD VI	33740F581	48,234	$1.6M	1.01%
31	FIRST TR EXCHNG TRADED FD VI	33740F623	30,338	$1.6M	1.00%
32	INVESCO EXCHANGE TRADED FD T	IVZ	26,330	$1.6M	0.99%
33	FIRST TR EXCHNG TRADED FD VI	33740U307	30,069	$1.6M	0.99%
34	FIRST TR EXCHNG TRADED FD VI	33740U208	27,595	$1.5M	0.98%
35	ISHARES TR	464287473	10,733	$1.5M	0.96%
36	ISHARES TR	464287309	11,923	$1.5M	0.94%
37	ELEVATION SERIES TRUST	210322798	33,210	$1.4M	0.89%
38	PIMCO ETF TR	72201R577	12,683	$1.3M	0.81%
39	FIRST TR EXCHNG TRADED FD VI	33740F862	23,873	$1.3M	0.81%
40	FIRST TR EXCHNG TRADED FD VI	33740F599	26,613	$1.3M	0.80%
41	FIRST TR EXCHNG TRADED FD VI	33740U836	36,955	$1.2M	0.75%
42	ISHARES TR	464287101	3,379	$1.2M	0.74%
43	SPDR INDEX SHS FDS	78463X889	25,336	$1.1M	0.72%
44	AIM ETF PRODUCTS TRUST	00888H653	37,235	$1.1M	0.70%
45	FIRST TR EXCHNG TRADED FD VI	33740F763	19,457	$1.1M	0.70%
46	ISHARES TR	46434V613	22,706	$1.1M	0.67%
47	ISHARES TR	46432F339	5,260	$1.0M	0.67%
48	FIRST TR EXCHNG TRADED FD VI	33740U711	26,478	$1.0M	0.65%
49	SPDR SERIES TRUST	78464A649	36,296	$934,617	0.60%
50	INVESCO QQQ TR	IVZ	1,488	$913,916	0.58%
51	MICROSOFT CORP	MSFT	1,824	$882,141	0.56%
52	NVIDIA CORPORATION	NVDA	4,723	$880,762	0.56%
53	SCHWAB STRATEGIC TR	808524805	36,201	$870,266	0.55%
54	FIRST TR EXCHNG TRADED FD VI	33740U695	21,370	$839,627	0.53%
55	VANGUARD SCOTTSDALE FDS	92206C102	13,360	$784,661	0.50%
56	VANGUARD SCOTTSDALE FDS	92206C664	7,845	$780,783	0.50%
57	ISHARES TR	46432F396	2,955	$739,546	0.47%
58	ISHARES TR	464287200	1,064	$728,575	0.46%
59	FIRST TR EXCHNG TRADED FD VI	33740F136	20,569	$671,695	0.43%
60	VANGUARD INDEX FDS	922908769	1,962	$657,829	0.42%
61	INNOVATOR ETFS TRUST	INHD	12,737	$631,246	0.40%
62	FIRST TR EXCHNG TRADED FD VI	33740U885	13,677	$607,539	0.39%
63	WALMART INC	WMT	5,402	$601,839	0.38%
64	BLACKROCK ETF TRUST	BLK	18,005	$599,561	0.38%
65	VANGUARD INDEX FDS	922908611	2,796	$592,068	0.38%
66	SSGA ACTIVE TR	78470P408	9,469	$590,001	0.38%
67	SPDR S&P 500 ETF TR	SPY	859	$585,519	0.37%
68	VANGUARD INDEX FDS	922908538	2,071	$578,159	0.37%
69	SPDR SERIES TRUST	78464A664	21,667	$573,515	0.37%
70	ELEVATION SERIES TRUST	210322681	14,930	$568,924	0.36%
71	BLACKROCK ETF TRUST	BLK	14,599	$562,922	0.36%
72	AMAZON COM INC	AMZN	2,313	$533,989	0.34%
73	TESLA INC	TSLA	1,153	$518,374	0.33%
74	ISHARES TR	464289859	5,782	$517,836	0.33%
75	ISHARES TR	464287804	4,231	$508,517	0.32%
76	VANGUARD BD INDEX FDS	921937835	6,382	$472,740	0.30%
77	ISHARES TR	464287507	6,886	$454,459	0.29%
78	VANGUARD SCOTTSDALE FDS	92206C714	4,863	$448,834	0.29%
79	VANGUARD INDEX FDS	922908744	2,332	$445,468	0.28%
80	WORLD GOLD TR	GLDW	5,034	$429,753	0.27%
81	ISHARES TR	464287705	3,242	$426,670	0.27%
82	SPDR SERIES TRUST	78464A508	7,463	$423,964	0.27%
83	SPDR SERIES TRUST	78464A409	3,969	$423,545	0.27%
84	VANGUARD WHITEHALL FDS	921946406	2,791	$400,599	0.26%
85	BROADCOM INC	AVGO	1,128	$390,504	0.25%
86	SHOPIFY INC	SHOP	2,353	$378,762	0.24%
87	ISHARES TR	464287481	2,564	$351,164	0.22%
88	VANGUARD STAR FDS	921909768	4,339	$327,299	0.21%
89	PROGRESSIVE CORP	743315103	1,425	$324,501	0.21%
90	ALPHABET INC	GOOG	1,025	$321,758	0.20%
91	GLOBAL X FDS	37960A529	4,832	$313,046	0.20%
92	ELEVATION SERIES TRUST	210322764	7,434	$299,326	0.19%
93	AIM ETF PRODUCTS TRUST	00888H547	10,186	$289,900	0.18%
94	AIM ETF PRODUCTS TRUST	00888H539	9,895	$286,451	0.18%
95	ABBVIE INC	ABBV	1,248	$285,209	0.18%
96	INNOVATOR ETFS TRUST	INHD	9,764	$270,808	0.17%
97	MERCK & CO INC	MRK	2,518	$265,017	0.17%
98	JPMORGAN CHASE & CO.	VYLD	812	$261,591	0.17%
99	ISHARES TR	464288588	2,722	$259,180	0.17%
100	VANGUARD CHARLOTTE FDS	92203J407	5,271	$254,704	0.16%
101	ISHARES TR	46432F842	2,640	$236,139	0.15%
102	ALPHABET INC	GOOG	745	$233,239	0.15%
103	BONDBLOXX ETF TRUST	09789C812	4,929	$227,802	0.15%
104	STEEL DYNAMICS INC	STLD	1,336	$226,385	0.14%
105	SSGA ACTIVE TR	78470P507	8,565	$221,926	0.14%
106	HOME DEPOT INC	HD	637	$219,331	0.14%
107	IDEXX LABS INC	45168D104	320	$216,490	0.14%
108	DIREXION SHS ETF TR	25461A833	1,828	$215,209	0.14%
109	S&P GLOBAL INC	SPGI	385	$201,395	0.13%
110	DIREXION SHS ETF TR	25461A569	4,565	$201,280	0.13%
111	PROSPECT CAP CORP	PSEC-PA	14,913	$38,625	0.02%