TLWM

Registered adviser

CIK

1732537

Location

SAN ANTONIO, TX

Portfolio Value

Small $424,428,408

Diversification

Highly concentrated

Filing Date

Global Rank

#3,277 / 8,807 ▲ 591 · as of Jun 2026

Top Industry

Semiconductors 12.7%

Period ended 20 days ago

Filed Oct 9, 2026 · 11d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 158305

Roster of Oct 1, 2026

Regulatory AUM

$605,405,861

Main clients

Individuals and high net worth (96% of AUM)

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Concentrated

The top 10 positions are 90.9% of the book (60%+)

Turnover

Low turnover

8.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.0 quarters (12+), a floor since 62.5% of the book was already held when coverage starts

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share against every 13F filer's combined book at 20% or less, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

57 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

39.7%

+6.8 pts

Top 5

84.2%

−3.8 pts

Top 10

88.0%

−2.9 pts

HHI

2,627

Highly concentrated+391

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	83.3%	$353,450,701	15
Technology	6.2%	$26,346,760	12
Financial Services	2.9%	$12,156,746	7
Industrials	1.8%	$7,805,226	7
Communication Services	1.6%	$6,825,445	3
Consumer Cyclical	1.6%	$6,822,678	3
Healthcare	1.1%	$4,546,579	4
Consumer Defensive	0.8%	$3,211,205	3
Energy	0.6%	$2,628,090	2
Basic Materials	0.1%	$634,978	1

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

11 positions

Ticker	Company	Δ Shares	Shares	Value
BSCA	Invesco Exchange-Traded Self-Indexed Fund Trust	+743,237	9,035,061	$168,631,237
BWX	Spdr Series Trust	+5,706	426,070	$51,417,672
KO	Coca Cola Co	+467	5,325	$458,376
VB	Vanguard Index Funds	+442	3,902	$2,734,755
WMT	Walmart Inc.	+371	22,805	$2,369,895
NFLX	Netflix Inc	+269	4,019	$279,642
AAPL	Apple Inc.	+268	15,730	$5,238,404
CWI	Spdr Index Shares Funds	+242	18,121	$909,855
NVDA	Nvidia Corp	+90	24,272	$5,543,239
MSFT	Microsoft Corp	+25	6,378	$3,271,276
CRS	Carpenter Technology Corp	+6	4,344	$1,689,034
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AAXJ	iShares Trust	−13,750	1,429,003	$0
SPY	Spdr S&P 500 ETF Trust	−5,300	166,090	$126,665,216
AGNG	Global X Funds	−1,654	57,399	$0
BSX	Boston Scientific Corp	−590	14,811	$646,500
AMZN	Amazon Com Inc	−342	13,085	$3,260,127
GOOGL	Alphabet Inc.	−224	10,164	$3,492,071
ORCL	Oracle Corp	−215	5,812	$797,987
UNH	Unitedhealth Group Inc	−177	3,229	$1,185,301
STZ	Constellation Brands, Inc.	−153	3,387	$382,934
MCD	Mcdonalds Corp	−119	3,037	$701,364
—		−113	30,049	$0
VEU	Vanguard International Equity Index Funds	−110	3,614	$299,853
META	Meta Platforms, Inc.	−106	4,211	$3,053,732
SCHW	Schwab Charles Corp	−101	18,541	$1,812,197
CIEN	Ciena Corp	−98	2,430	$854,922
MRVL	Marvell Technology, Inc.	−97	8,157	$2,155,160
BRK-B	Berkshire Hathaway Inc	−93	1,968	$979,965
AZN	Astrazeneca PLC	−76	9,203	$1,486,008
CRM	Salesforce, Inc.	−73	8,682	$1,993,126
BNDW	Vanguard Scottsdale Funds	−72	1,237	$425,528
CVX	Chevron Corp	−72	9,934	$2,028,622
EMN	Eastman Chemical Co	−71	9,793	$634,978
TSLA	Tesla, Inc.	−55	8,064	$2,861,187
V	Visa Inc.	−53	5,633	$2,024,105
BAC	Bank Of America Corp /De/	−53	38,324	$2,085,975
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SPCX	Space Exploration Technologies Corp	5,167	$779,493
HON	Honeywell International Inc	2,999	$632,609
HONA	Honeywell Aerospace Inc.	2,877	$445,848
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
ARM	Arm Holdings PLC /Uk	661	$234,370
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

57 tracked positions · $424,428,408 total · filing declares 74 positions · $627,534,907 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
BSCA	Invesco Exchange-Traded Self-Indexed Fund Trust	Added	9,035,061	+743,237	$168,631,237	+7.4%	39.73%
SPY	Spdr S&P 500 ETF Trust	Reduced	166,090	-5,300	$126,665,216	−1.0%	29.84%
BWX	Spdr Series Trust	Added	426,070	+5,706	$51,417,672	+4.7%	12.11%
NVDA	Nvidia Corp Technology	Added	24,272	+90	$5,543,239	+14.6%	1.31%
AAPL	Apple Inc. Technology	Added	15,730	+268	$5,238,404	+17.1%	1.23%
GOOGL	Alphabet Inc. Communication Services	Reduced	10,164	-224	$3,492,071	−5.8%	0.82%
MSFT	Microsoft Corp Technology	Added	6,378	+25	$3,271,276	+38.0%	0.77%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	13,085	-342	$3,260,127	+1.9%	0.77%
META	Meta Platforms, Inc. Communication Services	Reduced	4,211	-106	$3,053,732	+25.6%	0.72%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	8,064	-55	$2,861,187	−16.2%	0.67%
TWLO	Twilio Inc Technology	Reduced	9,660	-24	$2,825,163	+41.4%	0.67%
VB	Vanguard Index Funds	Added	3,902	+442	$2,734,755	+15.1%	0.64%
WMT	Walmart Inc. Consumer Defensive	Added	22,805	+371	$2,369,895	−6.7%	0.56%
MS	Morgan Stanley Financial Services	Reduced	11,932	-8	$2,244,170	−10.1%	0.53%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	6,746	-19	$2,231,779	+0.8%	0.53%
MRVL	Marvell Technology, Inc. Technology	Reduced	8,157	-97	$2,155,160	−12.3%	0.51%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	38,324	-53	$2,085,975	−4.6%	0.49%
CVX	Chevron Corp Energy	Reduced	9,934	-72	$2,028,622	+22.3%	0.48%
V	Visa Inc. Financial Services	Reduced	5,633	-53	$2,024,105	+3.8%	0.48%
CRM	Salesforce, Inc. Technology	Reduced	8,682	-73	$1,993,126	+45.3%	0.47%
SCHW	Schwab Charles Corp Financial Services	Reduced	18,541	-101	$1,812,197	+5.4%	0.43%
CRS	Carpenter Technology Corp Industrials	Added	4,344	+6	$1,689,034	−36.9%	0.40%
RSG	Republic Services, Inc. Industrials	Reduced	7,961	-51	$1,670,775	−2.1%	0.39%
GD	General Dynamics Corp Industrials	Reduced	4,520	-24	$1,499,871	−6.8%	0.35%
AZN	Astrazeneca PLC Healthcare	Reduced	9,203	-76	$1,486,008	−15.5%	0.35%
AMAT	Applied Materials Inc /De Technology	Reduced	2,695	-30	$1,378,169	−30.0%	0.32%
NTRA	Natera, Inc. Healthcare	Held	2,973	0	$1,228,770	+52.3%	0.29%
UNH	Unitedhealth Group Inc Healthcare	Reduced	3,229	-177	$1,185,301	−16.3%	0.28%
ETN	Eaton Corp plc Industrials	Reduced	2,531	-9	$1,087,596	+0.5%	0.26%
NXPI	NXP Semiconductors N.V. Technology	Reduced	4,355	-34	$1,034,443	−16.1%	0.24%
QQQ	Invesco Qqq Trust, Series 1	Held	1,334	0	$986,853	+0.5%	0.23%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,968	-93	$979,965	−5.0%	0.23%
ZS	Zscaler, Inc. Technology	Reduced	4,882	-11	$973,568	+41.0%	0.23%
CWI	Spdr Index Shares Funds	Added	18,121	+242	$909,855	+1.0%	0.21%
CIEN	Ciena Corp Technology	Reduced	2,430	-98	$854,922	−31.1%	0.20%
ORCL	Oracle Corp Technology	Reduced	5,812	-215	$797,987	−9.7%	0.19%
SPCX	Space Exploration Technologies Corp Industrials	NEW	5,167	NEW	$779,493	NEW	0.18%
GL	Globe Life Inc. Financial Services	Held	4,700	0	$778,555	−7.3%	0.18%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	3,037	-119	$701,364	−17.8%	0.17%
BSX	Boston Scientific Corp Healthcare	Reduced	14,811	-590	$646,500	−1.6%	0.15%
EMN	Eastman Chemical Co Basic Materials	Reduced	9,793	-71	$634,978	−3.9%	0.15%
HON	Honeywell International Inc Industrials	NEW	2,999	NEW	$632,609	NEW	0.15%
COP	Conocophillips Energy	Held	4,790	0	$599,468	+20.4%	0.14%
KO	Coca Cola Co Consumer Defensive	Added	5,325	+467	$458,376	+16.1%	0.11%
HONA	Honeywell Aerospace Inc. Industrials	NEW	2,877	NEW	$445,848	NEW	0.11%
BNDW	Vanguard Scottsdale Funds	Reduced	1,237	-72	$425,528	−4.0%	0.10%
GLD	Spdr Gold Trust	Held	1,112	0	$423,494	+3.4%	0.10%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	3,387	-153	$382,934	−22.2%	0.09%
BAB	Invesco Exchange-Traded Fund Trust II	Held	4,691	0	$330,762	−5.9%	0.08%
IVOG	Vanguard Admiral Funds	Held	3,841	0	$328,328	+3.5%	0.08%

Showing the top 50 of 57 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.