Institutional Manager · CIK 0001829231
FWL INVESTMENT MANAGEMENT, LLC
Dallas, TX · File #028-20432
Latest AUM
$415.7M
Positions
365
Top-10 Concentration
45.8%
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 | GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK | GEHC | +111,283 | +$9.1M | +$33 |
| REDUCE | AMAZON COM INC COM | AMZN | -26,695 | -$6.2M | +$592,954 |
| ADD | GLOBAL X COPPER MINERS ETF | 37954Y830 | +82,104 | +$5.9M | +$895,916 |
| NEW | ISHARES MSCI SOUTH KOREA ETF | 464286772 | +41,748 | +$4.1M | $0 |
| EXITED | FLAGSTAR FINANCIAL INC COM NEW | 649445400 | -322,433 | -$3.7M | $0 |
| ADD | AGNC INVT CORP COM | 00123Q104 | +276,935 | +$3.0M | +$908,530 |
| ADD | QUALCOMM INC COM | QCOM | +15,776 | +$2.7M | +$464 |
| ADD | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | +29,327 | +$2.7M | -$48,718 |
| ADD | CHENIERE ENERGY INC COM NEW | LNG | +12,630 | +$2.5M | -$3.0M |
| ADD | ALERIAN MLP ETF | 00162Q452 | +51,329 | +$2.4M | +$30,709 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025365 pos · $415.7M
- 13F HOLDINGS REPORTQ/E Sep 2025332 pos · $383.6M
- 13F HOLDINGS REPORTQ/E Jun 2025325 pos · $326.8M
- 13F HOLDINGS REPORTQ/E Mar 2025291 pos · $269.2M
- 13F HOLDINGS REPORTQ/E Dec 2024309 pos · $274.8M
- 13F HOLDINGS REPORTQ/E Sep 2024298 pos · $261.1M
- 13F HOLDINGS REPORTQ/E Jun 2024247 pos · $198.3M
- 13F HOLDINGS REPORTQ/E Mar 2024242 pos · $181.5M
- 13F HOLDINGS REPORTQ/E Dec 2023195 pos · $149.0M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL C | GOOG | 74,967 | $23.5M | 6.09% |
| 2 | VANECK GOLD MINERS ETF | 92189F106 | 250,389 | $21.5M | 5.56% |
| 3 | ALERIAN MLP ETF | 00162Q452 | 392,396 | $18.5M | 4.78% |
| 4 | MICROSOFT CORP COM | MSFT | 37,349 | $18.1M | 4.68% |
| 5 | SPDR GOLD SHARES | GLD | 44,176 | $17.5M | 4.53% |
| 6 | CHENIERE ENERGY INC COM NEW | LNG | 86,286 | $16.8M | 4.34% |
| 7 | NVIDIA CORPORATION COM | NVDA | 87,333 | $16.3M | 4.22% |
| 8 | MICRON TECHNOLOGY INC COM | MU | 55,665 | $15.9M | 4.11% |
| 9 | STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | 78468R663 | 161,112 | $14.7M | 3.81% |
| 10 | WILLIAMS COS INC COM | 969457100 | 233,833 | $14.1M | 3.64% |
| 11 | CAMECO CORP COM | CCJ | 153,047 | $14.0M | 3.63% |
| 12 | AGNC INVT CORP COM | 00123Q104 | 1,253,847 | $13.4M | 3.48% |
| 13 | ORACLE CORP COM | ORCL-PD | 61,965 | $12.1M | 3.13% |
| 14 | GLOBAL X COPPER MINERS ETF | 37954Y830 | 156,889 | $11.3M | 2.92% |
| 15 | CACI INTL INC CL A | 127190304 | 20,734 | $11.0M | 2.86% |
| 16 | EATON CORP | ETN | 34,327 | $10.9M | 2.83% |
| 17 | ICICI BANK LIMITED ADR | IBN | 343,892 | $10.2M | 2.65% |
| 18 | MEDTRONIC PLC SHS | MDT | 105,899 | $10.2M | 2.63% |
| 19 | ENTERGY CORP NEW COM | ENO | 103,364 | $9.6M | 2.47% |
| 20 | GE HEALTHCARE TECHNOLOGIES INC COMMON STOCK | GEHC | 111,288 | $9.1M | 2.36% |