FWL INVESTMENT MANAGEMENT LLC's Q4 2024 13F: 37 new positions, 26 exits
Form 13F-HR for the quarter ended Dec 31, 2024 · filed Feb 14, 2025 · 309 reported positions · accession 0001839882-25-009026
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | SPDR S&P BIOTECH ETF (XBI) | 4.6% | 0.2% | −4.3 pts | −114K sh | −95% |
| Reduced | MICRON TECHNOLOGY INC COM (MU) | 2.0% | 0.4% | −1.6 pts | −36,244 sh | −72% |
| Reduced | AGNC INVT CORP COM (AGNC) | 3.4% | 1.8% | −1.6 pts | −326K sh | −38% |
| Increased | ALERIAN MLP ETF (AMLP) | 2.8% | 3.8% | +1.0 pts | +59,122 sh | +37% |
| Increased | GLOBAL X URANIUM ETF (URA) | 0.1% | 1.0% | +0.9 pts | +89,489 sh | +821% |
| New | IREN LIMITED ORDINARY SHARES (IREN) | — | 0.9% | +0.9 pts | +239K sh | new |
| Increased | CYBERARK SOFTWARE LTD SHS (CYBR) | 2.6% | 3.6% | +1.0 pts | +6,826 sh | +29% |
| Increased | AMAZON COM INC COM (AMZN) | 1.4% | 2.4% | +0.9 pts | +9,687 sh | +49% |
| New | VANECK URANIUM AND NUCLEAR ETF (NLR) | — | 0.8% | +0.8 pts | +26,032 sh | new |
| Increased | SPDR BLOOMBERG 1-3 MONTH T-BILL ETF (BIL) | 1.2% | 1.9% | +0.7 pts | +22,882 sh | +69% |
| Increased | SPDR GOLD SHARES (GLD) | 3.2% | 3.7% | +0.5 pts | +7,615 sh | +22% |
| Increased | NVIDIA CORPORATION COM (NVDA) | 2.4% | 3.2% | +0.8 pts | +12,968 sh | +25% |
| Reduced | FIRST TRUST SMID CAP RISING DIVIDEND ACHIEVERS ETF (SDVY) | 0.5% | 0.0% | −0.5 pts | −33,421 sh | −92% |
| Increased | EATON CORP (ETN) | 2.7% | 2.8% | +0.1 pts | +1,643 sh | +8% |
| Increased | ISHARES 1-3 YEAR TREASURY BOND ETF (SHY) | 0.0% | 0.2% | +0.2 pts | +6,538 sh | +515% |
| Increased | DATADOG INC CL A COM (DDOG) | 2.3% | 2.8% | +0.6 pts | +3,474 sh | +7% |
| Increased | LOCKHEED MARTIN CORP COM (LMT) | 3.8% | 3.2% | −0.6 pts | +970 sh | +6% |
| Increased | MICROSOFT CORP COM (MSFT) | 5.0% | 4.8% | −0.2 pts | +1,032 sh | +3% |
| Increased | ALPHABET INC CAP STK CL C (GOOG) | 4.7% | 5.2% | +0.5 pts | +2,258 sh | +3% |
| Increased | VANECK GOLD MINERS ETF (GDX) | 4.9% | 4.1% | −0.8 pts | +12,300 sh | +4% |
| Increased | VANGUARD INFORMATION TECHNOLOGY ETF (VGT) | 0.0% | 0.2% | +0.2 pts | +665 sh | +2078% |
| Increased | ISHARES U.S. MEDICAL DEVICES ETF (IHI) | 4.4% | 4.3% | −0.1 pts | +6,816 sh | +4% |
| Increased | INVESCO QQQ TRUST SERIES I (QQQ) | 1.7% | 1.8% | +0.1 pts | +667 sh | +8% |
| Reduced | ADVANCED MICRO DEVICES INC COM (AMD) | 0.3% | 0.1% | −0.2 pts | −2,716 sh | −68% |
| Increased | ANNALY CAPITAL MANAGEMENT INC COM NEW (NLY) | 0.1% | 0.2% | +0.1 pts | +17,729 sh | +226% |
| Increased | CAMECO CORP COM (CCJ) | 1.8% | 2.0% | +0.1 pts | +5,502 sh | +5% |
| Increased | ISHARES MORTGAGE REAL ESTATE ETF (REM) | 0.0% | 0.1% | +0.1 pts | +11,908 sh | +1032% |
| New | FLAGSTAR FINANCIAL INC COM NEW (FLG) | — | 0.1% | +0.1 pts | +25,260 sh | new |
| Increased | PALANTIR TECHNOLOGIES INC CL A (PLTR) | 0.1% | 0.3% | +0.2 pts | +3,067 sh | +34% |
| Reduced | ISHARES CORE S&P 500 ETF (IVV) | 0.7% | 0.6% | −0.1 pts | −324 sh | −10% |
| Increased | COSTCO WHSL CORP NEW COM (COST) | 1.0% | 1.0% | +0.1 pts | +208 sh | +7% |
| Increased | FIRST TRUST CLOUD COMPUTING ETF (SKYY) | 0.0% | 0.1% | +0.1 pts | +1,403 sh | +388% |
| Increased | WISDOMTREE INDIA EARNINGS FUND (EPI) | 0.0% | 0.1% | +0.1 pts | +3,647 sh | +419% |
| Increased | HOME DEPOT INC COM (HD) | 1.2% | 1.1% | 0.0 pts | +413 sh | +6% |
| New | ISHARES U.S. FINANCIALS ETF (IYF) | — | 0.1% | +0.1 pts | +1,433 sh | new |
| New | BERKLEY W R CORP COM (WRB) | — | 0.1% | +0.1 pts | +2,691 sh | new |
| Reduced | ISHARES 20 YEAR TREASURY BOND ETF (TLT) | 0.1% | 0.0% | −0.1 pts | −1,750 sh | −82% |
| Increased | FIRST TRUST NASDAQ-100 TECHNOLOGY SECTOR INDEX FUND (QTEC) | 0.5% | 0.6% | 0.0 pts | +811 sh | +11% |
| Increased | ICICI BANK LIMITED ADR (IBN) | 3.1% | 3.0% | −0.1 pts | +4,893 sh | +2% |
| Increased | PROCTER AND GAMBLE CO COM (PG) | 0.6% | 0.6% | 0.0 pts | +840 sh | +9% |
| Increased | HEALTH CARE SELECT SECTOR SPDR FUND (XLV) | 0.0% | 0.1% | +0.1 pts | +1,016 sh | +1355% |
| Increased | VANGUARD CONSUMER DISCRETIONARY ETF (VCR) | 0.0% | 0.1% | +0.1 pts | +368 sh | +751% |
| Increased | GLOBAL X MLP ETF (MLPA) | 0.0% | 0.1% | 0.0 pts | +2,600 sh | +222% |
| Increased | WILLIAMS COS INC COM (WMB) | 2.5% | 2.9% | +0.4 pts | +2,326 sh | +2% |
| Reduced | BLACKROCK MUNICIPAL INCOME COM (MUI) | 0.1% | 0.1% | −0.1 pts | −10,220 sh | −42% |
| New | AMERICAN TOWER CORP NEW COM (AMT) | — | 0.0% | 0.0 pts | +671 sh | new |
| Increased | BERKSHIRE HATHAWAY INC DEL CL B NEW (BRK-B) | 1.5% | 1.4% | −0.1 pts | +261 sh | +3% |
| Reduced | FIDELITY NASDAQ COMPOSITE INDEX ETF (ONEQ) | 0.3% | 0.3% | 0.0 pts | −1,526 sh | −13% |
| New | INVESCO PREFERRED ETF (PGX) | — | 0.0% | 0.0 pts | +10,000 sh | new |
| Increased | AMGEN INC COM (AMGN) | 0.5% | 0.5% | −0.1 pts | +431 sh | +10% |
The 50 largest of 195 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
* Prior share counts adjusted or corrected for a stock split — changes are measured from the adjusted count:
- SCHWAB U.S. LARGE-CAP ETF (SCHX): 2,940 shares as filed last quarter, 8,820 after adjustment → 8,805 now (prior share count adjusted for a stock split)
Top 10 positions — 40.1% of the equity book
Changes in the top 10 this quarter: AMLP entered · CYBR entered · XBI left · AGNC left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL C (GOOG) | 4.7% | 5.2% | |
| 2 | MICROSOFT CORP COM (MSFT) | 5.0% | 4.8% | |
| 3 | ISHARES U.S. MEDICAL DEVICES ETF (IHI) | 4.4% | 4.3% | |
| 4 | VANECK GOLD MINERS ETF (GDX) | 4.9% | 4.1% | |
| 5 | CHENIERE ENERGY INC COM NEW (LNG) | 3.4% | 3.9% | |
| 6 | ALERIAN MLP ETF (AMLP) | 2.8% | 3.8% | Entered the top 10 |
| 7 | SPDR GOLD SHARES (GLD) | 3.2% | 3.7% | |
| 8 | CYBERARK SOFTWARE LTD SHS (CYBR) | 2.6% | 3.6% | Entered the top 10 |
| 9 | ORACLE CORP COM (ORCL) | 3.6% | 3.3% | |
| 10 | LOCKHEED MARTIN CORP COM (LMT) | 3.8% | 3.2% | |
| — | SPDR S&P BIOTECH ETF (XBI) | 4.6% | 0.2% | Left the top 10 |
| — | AGNC INVT CORP COM (AGNC) | 3.4% | 1.8% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).