Institutional Manager · CIK 0001732537
TLWM
SAN ANTONIO, TX · File #028-18670
Latest AUM
$546.3M
Positions
72
Top-10 Concentration
86.2%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | SPDR S&P 500 ETF TR | SPY | +165,451 | +$112.8M | +$754 |
| ADD | INVESCO EXCH TRD SLF IDX FD | IVZ | +1,442,670 | +$27.2M | +$535 |
| EXITED | INVESCO EXCH TRD SLF IDX FD | 46138J825 | -1,236,537 | -$25.6M | $0 |
| REDUCE | ISHARES TR | 46436E718 | -254,150 | -$25.5M | -$156,449 |
| NEW | SPDR SERIES TRUST | 78464A409 | +224,775 | +$24.0M | $0 |
| EXITED | ISHARES TR | 46434VBD1 | -246,721 | -$6.2M | $0 |
| REDUCE | ISHARES TR | 464287689 | -14,069 | -$5.4M | +$2.3M |
| ADD | INVESCO EXCH TRD SLF IDX FD | IVZ | +131,056 | +$2.7M | +$41,239 |
| REDUCE | ISHARES TR | 464288240 | -37,927 | -$2.5M | +$1.7M |
| ADD | SPDR SERIES TRUST | 78468R663 | +24,277 | +$2.2M | -$5,946 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202572 pos · $546.3M
- 13F HOLDINGS REPORTQ/E Sep 202578 pos · $556.4M
- 13F HOLDINGS REPORTQ/E Jun 202570 pos · $526.4M
- 13F HOLDINGS REPORTQ/E Mar 202580 pos · $500.2M
- 13F HOLDINGS REPORTQ/E Dec 202473 pos · $508.3M
- 13F HOLDINGS REPORTQ/E Sep 202473 pos · $493.1M
- 13F HOLDINGS REPORTQ/E Jun 202477 pos · $464.6M
- 13F HOLDINGS REPORTQ/E Mar 202472 pos · $450.7M
- 13F HOLDINGS REPORTQ/E Dec 202370 pos · $377.2M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR S&P 500 ETF TR | SPY | 165,499 | $112.9M | 21.03% |
| 2 | ISHARES TR | 464287689 | 281,190 | $108.8M | 20.27% |
| 3 | ISHARES TR | 464288240 | 776,716 | $52.1M | 9.72% |
| 4 | INVESCO EXCH TRD SLF IDX FD | IVZ | 1,505,622 | $31.0M | 5.78% |
| 5 | INVESCO EXCH TRD SLF IDX FD | IVZ | 1,576,845 | $30.9M | 5.75% |
| 6 | INVESCO EXCH TRD SLF IDX FD | IVZ | 1,657,229 | $28.0M | 5.23% |
| 7 | INVESCO EXCH TRD SLF IDX FD | IVZ | 1,464,068 | $27.6M | 5.14% |
| 8 | INVESCO EXCH TRD SLF IDX FD | IVZ | 1,216,436 | $24.0M | 4.48% |
| 9 | SPDR SERIES TRUST | 78464A409 | 224,775 | $24.0M | 4.47% |
| 10 | ISHARES TR | 46436E718 | 233,603 | $23.4M | 4.37% |
| 11 | ISHARES TR | 46435UAA9 | 166,596 | $4.0M | 0.75% |
| 12 | APPLE INC | AAPL | 14,449 | $3.9M | 0.73% |
| 13 | SPDR SERIES TRUST | 78468R663 | 40,340 | $3.7M | 0.69% |
| 14 | TESLA INC | TSLA | 7,941 | $3.6M | 0.67% |
| 15 | ALPHABET INC | GOOG | 9,939 | $3.1M | 0.58% |
| 16 | AMAZON COM INC | AMZN | 12,881 | $3.0M | 0.55% |
| 17 | NVIDIA CORPORATION | NVDA | 14,980 | $2.8M | 0.52% |
| 18 | META PLATFORMS INC | META | 4,191 | $2.8M | 0.52% |
| 19 | SALESFORCE INC | CRM | 9,121 | $2.4M | 0.45% |
| 20 | WALMART INC | WMT | 21,378 | $2.4M | 0.44% |