FWL INVESTMENT MANAGEMENT, LLC

CIK

1829231

Location

Dallas, TX

Portfolio Value

Small $318,894,239

Diversification

Diversified

Filing Date

Global Rank

#3,017 / 8,232 ▲ 294

Top Industry

Oil & Gas Midstream 15.8%

3Y Alpha vs SPY

+1.6%

Period ended 2 months ago

Filed May 15, 2026 · 30d

22 quarters · since Dec 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+85.0%

SPY

+76.3%

Annualised alpha

+1.9%

Max drawdown

−17.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

212 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

8.6%

+2.5 pts

Top 5

31.8%

+3.4 pts

Top 10

54.2%

+4.0 pts

HHI

384

Diversified+27

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	24.5%	$78,258,635	41
Energy	20.0%	$63,928,997	15
Financial Services	11.9%	$37,926,330	33
Industrials	11.2%	$35,736,462	34
Healthcare	7.8%	$24,894,936	23
Unclassified	7.0%	$22,166,997	6
Utilities	5.6%	$17,845,979	13
Consumer Cyclical	4.5%	$14,325,938	13
Real Estate	3.2%	$10,108,192	6
Consumer Defensive	2.8%	$9,012,283	11
Communication Services	0.8%	$2,444,367	10
Basic Materials	0.7%	$2,245,123	7

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
MDT	Medtronic plc	+100,191	206,090	$17,857,698
LSTR	Landstar System Inc	+69,187	82,399	$13,209,383
IBN	Icici Bank Ltd	+53,541	397,433	$10,293,514
CRCL	Circle Internet Group, Inc.	+52,060	52,063	$4,967,330
ETR	Entergy Corp /De/	+38,636	142,000	$15,955,120
QCOM	Qualcomm Inc/De	+29,602	45,477	$5,856,528
WMB	Williams Companies, Inc.	+27,744	261,577	$19,037,574
NVDA	Nvidia Corp	+27,578	114,911	$20,040,478
KTOS	Kratos Defense & Security Solutions, Inc.	+26,465	67,697	$4,773,315
SLV	iShares Silver Trust	+11,620	11,649	$793,762
LNG	Cheniere Energy, Inc.	+10,629	96,915	$27,500,600
URI	United Rentals, Inc.	+9,870	9,926	$7,231,686
KO	Coca Cola Co	+8,932	9,180	$698,139
CVX	Chevron Corp	+5,949	12,626	$2,612,319
PM	Philip Morris International Inc.	+4,575	4,690	$775,444
NVT	nVent Electric plc	+4,299	42,269	$4,999,577
ABBV	AbbVie Inc.	+3,676	4,865	$1,058,088
TSLA	Tesla, Inc.	+3,278	11,324	$4,209,697
RTX	RTX Corp	+3,015	3,309	$638,306
CAH	Cardinal Health Inc	+2,960	3,000	$633,930
TEL	TE Connectivity plc	+2,710	2,757	$576,268
CACI	Caci International Inc /De/	+2,343	23,077	$12,550,887
JNJ	Johnson & Johnson	+2,136	2,677	$654,365
V	Visa Inc.	+2,072	7,413	$2,240,505
AXP	American Express Co	+1,890	2,328	$704,173
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AGNC	AGNC Investment Corp.	−331,270	922,577	$9,253,447
GEHC	GE HealthCare Technologies Inc.	−110,265	1,023	$72,817
IREN	IREN Ltd	−75,390	162,469	$5,569,437
ORCL	Oracle Corp	−61,867	98	$14,416
ETN	Eaton Corp plc	−33,990	337	$120,534
SCHW	Schwab Charles Corp	−30,576	20,456	$1,922,454
VRT	Vertiv Holdings Co	−24,768	670	$167,888
CCJ	Cameco Corp	−23,396	129,651	$14,081,395
AGI	Alamos Gold Inc	−15,954	16,687	$741,403
MU	Micron Technology Inc	−12,855	42,810	$14,462,930
IAU	Ishares Gold Trust	−5,876	19,090	$1,682,974
NLY	Annaly Capital Management Inc	−5,789	32,830	$694,354
HD	Home Depot, Inc.	−5,206	1,752	$576,215
GLD	Spdr Gold Trust	−4,855	39,321	$16,919,433
META	Meta Platforms, Inc.	−2,091	409	$234,001
AMZN	Amazon Com Inc	−1,343	24,669	$5,137,812
T	At&T Inc.	−966	1,549	$44,905
AAPL	Apple Inc.	−678	24,339	$6,176,994
CSCO	Cisco Systems, Inc.	−436	2,023	$156,964
AMD	Advanced Micro Devices Inc	−364	72	$14,646
MSFT	Microsoft Corp	−327	37,022	$13,704,433
BBVA	Banco Bilbao Vizcaya Argentaria, S.A.	−300	443	$9,595
SFM	Sprouts Farmers Market, Inc.	−298	247	$19,051
WMT	Walmart Inc.	−282	32,981	$4,098,878
SO	Southern Co	−278	350	$33,782
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
APTV	Aptiv PLC	51,102	$3,548,522
JCI	Johnson Controls International plc	9,380	$1,228,311
AZN	Astrazeneca PLC	4,506	$888,673
AEP	American Electric Power Co Inc	6,000	$786,480
ROST	Ross Stores, Inc.	3,200	$693,216
DE	Deere & Co	1,224	$689,479
SAP	Sap SE	3,910	$669,431
WTW	Willis Towers Watson PLC	2,045	$594,481
WEC	Wec Energy Group, Inc.	5,000	$578,850
DGX	Quest Diagnostics Inc	2,600	$509,548
PG	PROCTER & GAMBLE Co	2,400	$346,656
MRVL	Marvell Technology, Inc.	1,682	$166,602
PSLV	Sprott Physical Silver Trust	6,000	$146,340
SE	Sea Ltd	599	$49,603
TRMB	Trimble Inc.	400	$26,092
COIN	Coinbase Global, Inc.	144	$25,143
EOG	Eog Resources Inc	150	$21,685
LMT	Lockheed Martin Corp	35	$21,153
ACGL	Arch Capital Group Ltd.	156	$14,974
ED	Consolidated Edison Inc	96	$10,865
SEI	Solaris Energy Infrastructure, Inc.	190	$10,736
RNR	Renaissancere Holdings Ltd	32	$9,511
NEM	NEWMONT Corp /DE/	83	$8,984
BFH	Bread Financial Holdings, Inc.	113	$8,462
PCAR	Paccar Inc	71	$8,200
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
TEM	Tempus AI, Inc.	76,843	$4,537,579
FLNC	Fluence Energy, Inc.	6,315	$124,910
TDG	TransDigm Group INC	50	$66,492
ARES	Ares Management Corp	315	$50,913
MS	Morgan Stanley	270	$47,933
CRH	Crh Public Ltd Co	356	$44,428
BAC	Bank Of America Corp /De/	696	$38,280
SNOW	Snowflake Inc.	161	$35,316
WFC	Wells Fargo & Company/Mn	355	$33,086
LDOS	Leidos Holdings, Inc.	163	$29,405
ACN	Accenture plc	106	$28,439
UNH	Unitedhealth Group Inc	76	$25,088
NRG	Nrg Energy, Inc.	152	$24,204
HIG	Hartford Insurance Group, Inc.	170	$23,426
AFL	Aflac Inc	177	$19,517
HWM	Howmet Aerospace Inc.	94	$19,271
CB	Chubb Ltd	60	$18,727
MCD	Mcdonalds Corp	60	$18,337
FITB	Fifth Third Bancorp	386	$18,068
BX	Blackstone Inc.	105	$16,184
ADP	Automatic Data Processing Inc	58	$14,919
WSM	Williams Sonoma Inc	79	$14,108
CBOE	Cboe Global Markets, Inc.	56	$14,056
INTU	Intuit Inc.	20	$13,248
TLN	Talen Energy Corp	35	$13,119
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

212 positions · $318,894,239 total · as of Mar 31, 2026

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

Showing 1–50 of 212 positions by value · page 1 of 5

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
LNG	Cheniere Energy, Inc. Energy	Added	96,915	+10,629	$27,500,600	+64.0%	8.62%
NVDA	Nvidia Corp Technology	Added	114,911	+27,578	$20,040,478	+23.0%	6.28%
WMB	Williams Companies, Inc. Energy	Added	261,577	+27,744	$19,037,574	+35.4%	5.97%
MDT	Medtronic plc Healthcare	Added	206,090	+100,191	$17,857,698	+75.5%	5.60%
GLD	Spdr Gold Trust	Reduced	39,321	-4,855	$16,919,433	−3.4%	5.31%
ETR	Entergy Corp /De/ Utilities	Added	142,000	+38,636	$15,955,120	+67.0%	5.00%
MU	Micron Technology Inc Technology	Reduced	42,810	-12,855	$14,462,930	−9.0%	4.54%
CCJ	Cameco Corp Energy	Reduced	129,651	-23,396	$14,081,395	+0.6%	4.42%
MSFT	Microsoft Corp Technology	Reduced	37,022	-327	$13,704,433	−24.1%	4.30%
LSTR	Landstar System Inc Industrials	Added	82,399	+69,187	$13,209,383	+595.8%	4.14%
CACI	Caci International Inc /De/ Technology	Added	23,077	+2,343	$12,550,887	+13.6%	3.94%
IBN	Icici Bank Ltd Financial Services	Added	397,433	+53,541	$10,293,514	+0.4%	3.23%
AGNC	AGNC Investment Corp. Real Estate	Reduced	922,577	-331,270	$9,253,447	−31.2%	2.90%
URI	United Rentals, Inc. Industrials	Added	9,926	+9,870	$7,231,686	+15856.6%	2.27%
AAPL	Apple Inc. Technology	Reduced	24,339	-678	$6,176,994	−9.2%	1.94%
QCOM	Qualcomm Inc/De Technology	Added	45,477	+29,602	$5,856,528	+115.7%	1.84%
IREN	IREN Ltd Financial Services	Reduced	162,469	-75,390	$5,569,437	−38.0%	1.75%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	24,669	-1,343	$5,137,812	−14.4%	1.61%
NVT	nVent Electric plc Industrials	Added	42,269	+4,299	$4,999,577	+29.1%	1.57%
CRCL	Circle Internet Group, Inc. Financial Services	Added	52,063	+52,060	$4,967,330	+2095819.8%	1.56%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Added	67,697	+26,465	$4,773,315	+52.5%	1.50%
JPM	Jpmorgan Chase & Co Financial Services	Added	15,377	+1,201	$4,523,298	−1.0%	1.42%
TSLA	Tesla, Inc. Consumer Cyclical	Added	11,324	+3,278	$4,209,697	+16.3%	1.32%
WMT	Walmart Inc. Consumer Defensive	Reduced	32,981	-282	$4,098,878	+10.6%	1.29%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	8,074	+22	$3,869,060	−4.4%	1.21%
APTV	Aptiv PLC Consumer Cyclical	NEW	51,102	NEW	$3,548,522	NEW	1.11%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	2,992	-29	$2,981,318	+14.4%	0.93%
PLTR	Palantir Technologies Inc. Technology	Added	18,061	+1,512	$2,641,963	−10.2%	0.83%
CVX	Chevron Corp Energy	Added	12,626	+5,949	$2,612,319	+156.7%	0.82%
QQQ	Invesco Qqq Trust, Series 1	Reduced	4,339	-84	$2,504,384	−7.8%	0.79%
V	Visa Inc. Financial Services	Added	7,413	+2,072	$2,240,505	+19.6%	0.70%
GOOGL	Alphabet Inc. Communication Services	Reduced	7,145	-100	$2,054,616	−9.4%	0.64%
SCHW	Schwab Charles Corp Financial Services	Reduced	20,456	-30,576	$1,922,454	−62.3%	0.60%
GD	General Dynamics Corp Industrials	Reduced	5,424	-8	$1,861,625	+1.8%	0.58%
GS	Goldman Sachs Group Inc Financial Services	Added	2,080	+359	$1,759,659	+16.3%	0.55%
IAU	Ishares Gold Trust	Reduced	19,090	-5,876	$1,682,974	−17.0%	0.53%
AMGN	Amgen Inc Healthcare	Added	4,583	+24	$1,612,528	+8.1%	0.51%
APD	Air Products & Chemicals, Inc. Basic Materials	Reduced	4,874	-93	$1,415,848	+15.4%	0.44%
JCI	Johnson Controls International plc Industrials	NEW	9,380	NEW	$1,228,311	NEW	0.39%
LLY	ELI LILLY & Co Healthcare	Added	1,289	+1,084	$1,185,583	+438.1%	0.37%
ABBV	AbbVie Inc. Healthcare	Added	4,865	+3,676	$1,058,088	+289.5%	0.33%
AZN	Astrazeneca PLC Healthcare	NEW	4,506	NEW	$888,673	NEW	0.28%
SLV	iShares Silver Trust	Added	11,649	+11,620	$793,762	+42392.6%	0.25%
AEP	American Electric Power Co Inc Utilities	NEW	6,000	NEW	$786,480	NEW	0.25%
PM	Philip Morris International Inc. Consumer Defensive	Added	4,690	+4,575	$775,444	+4103.9%	0.24%
AGI	Alamos Gold Inc Basic Materials	Reduced	16,687	-15,954	$741,403	−41.1%	0.23%
AXP	American Express Co Financial Services	Added	2,328	+1,890	$704,173	+334.6%	0.22%
KO	Coca Cola Co Consumer Defensive	Added	9,180	+8,932	$698,139	+3926.9%	0.22%
NLY	Annaly Capital Management Inc Real Estate	Reduced	32,830	-5,789	$694,354	−19.6%	0.22%
ROST	Ross Stores, Inc. Consumer Cyclical	NEW	3,200	NEW	$693,216	NEW	0.22%