SEC 13F Intelligence

Managers / Q4 2024 · view latest →

TLWM

CIK 0001732537 · 40 NE LOOP 410, SUITE 644, SAN ANTONIO, TX, 78216 · 210-541-8600

Reported Value
$508M
Q4 2024
Positions
73
Filings on Record
31
2019–present window
Filed
Jan 14, 2025
original filing

Summary

Tlwm reported $508M in U.S.-listed holdings across 73 positions for Q4 2024.

Its largest position, Spdr S P 500 Etf Tr, represents 20.0% of the portfolio.

Compared with Q3 2024, the fund opened 5 new positions and exited 5.

Portfolio Metrics

Turnover
+9.6%
vs prior filed quarter
Top-10 Concentration
+80.5%
share of reported value
Largest Position
+20.0%
Spdr S P 500 Etf Tr
New / Exited
5 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $165MQ4 ’18Q1 ’19: $178MQ2 ’19: $174MQ3 ’19: $194MQ4 ’19: $208MQ4 ’19Q1 ’20: $170MQ2 ’20: $169MQ3 ’20: $211MQ4 ’20: $250MQ4 ’20Q1 ’21: $264MQ2 ’21: $279MQ3 ’21: $263MQ4 ’21: $299MQ4 ’21Q1 ’22: $287MQ2 ’22: $261MQ3 ’22: $227MQ4 ’22: $276MQ4 ’22Q1 ’23: $315MQ2 ’23: $347MQ3 ’23: $377MQ4 ’23: $423MQ4 ’23Q1 ’24: $451MQ2 ’24: $465MQ3 ’24: $493MQ4 ’24: $508MQ4 ’24Q1 ’25: $500MQ2 ’25: $526MQ3 ’25: $556MQ4 ’25: $546MQ4 ’25Q1 ’26: $555MQ2 ’26: $615Mfilingsflow.com

Portfolio Composition

By security type
ETP: 89.3%Common Stock: 10.1%ADR: 0.3%Other: 0.3%
  • ETP · 89.3% · $454M
  • Common Stock · 10.1% · $51M
  • ADR · 0.3% · $2M
  • Other · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SELECT SECTOR SPDR TRNEW+79.9K79.9K+$19M$19M
SPDR SER TRNEW+322.2K322.2K+$18M$18M
GDGENERAL DYNAMICS CORPNEW+4.0K4.0K+$1M$1M
EVREVERCORE INCNEW+3.6K3.6K+$990,124$990,124
INVESCO EXCH TRD SLF IDX FDNEW+43.4K43.4K+$876,563$876,563
INVESCO EXCH TRD SLF IDX FDADDED+58.0K77.5K+$1M$2M
SCHWAB STRATEGIC TRADDED+18.5K27.7K+$17,853$627,712
INVESCO EXCH TRD SLF IDX FDADDED+12.0K23.1K+$270,828$529,777

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2024

34 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1IBDQISHARES TRRUSSELL 3000 ETF · MSCI ACWI EX US · IBONDS DEC25 ETF · IBONDS 27 ETF · IBONDS DEC202630.12%$153M1.60M
2BSCPINVESCO EXCH TRD SLF IDX FDBULSHS 2026 CB · INVSCO BLSH 28 · INVSCO 30 CORP · BULSHS 2025 CB · BULSHS 2027 CB · INVESCO BULLETSH · BULLETSHS 2032 · BULETSHS 2031 CP · BULLETSHARES 20326.25%$133M7.00M
3SPDR S&P 500 ETF TRTR UNIT19.98%$102M173.3K
4SPDR SER TRPORTFOLIO S&P400 · S&P BK ETF · BLOOMBERG 1-3 MO · PORTFOLIO S&P500 · PORTFOLI S&P15007.99%$41M719.4K
5SELECT SECTOR SPDR TRTECHNOLOGY3.65%$19M79.9K
6TSLATESLA INCCOM0.66%$3M8.3K
7AAPLAPPLE INCCOM0.64%$3M13.0K
8AMZNAMAZON COM INCCOM0.54%$3M12.4K
9MSFTMICROSOFT CORPCOM0.49%$2M5.9K
10METAMETA PLATFORMS INCCL A0.48%$2M4.1K
11CRMSALESFORCE INCCOM0.44%$2M6.7K
12GOOGLALPHABET INCCAP STK CL A0.44%$2M11.8K
13JPMJPMORGAN CHASE & CO.COM0.39%$2M8.3K
14WMTWALMART INCCOM0.36%$2M20.2K
15DWDMORGAN STANLEYCOM NEW0.34%$2M13.6K
16CRSCARPENTER TECHNOLOGY CORPCOM0.33%$2M10.0K
17VVISA INCCOM CL A0.33%$2M5.3K
18BACBANK AMERICA CORPCOM0.31%$2M36.1K
19RSGREPUBLIC SVCS INCCOM0.30%$2M7.5K
20NVDANVIDIA CORPORATIONCOM0.28%$1M10.4K
21UNHUNITEDHEALTH GROUP INCCOM0.27%$1M2.7K
22CHVCHEVRON CORP NEWCOM0.27%$1M9.4K
23HONGBPHONEYWELL INTL INCCOM0.26%$1M5.7K
24BSXBOSTON SCIENTIFIC CORPCOM0.25%$1M14.1K
25BRK/BBERKSHIRE HATHAWAY INC DELCL B NEW0.24%$1M2.7K
26SCHWSCHWAB CHARLES CORPCOM0.24%$1M16.5K
27AZNNASTRAZENECA PLCSPONSORED ADR0.22%$1M16.7K
28ADBEADOBE INCCOM0.21%$1M2.4K
29GDGENERAL DYNAMICS CORPCOM0.21%$1M4.0K
30VANGUARD INDEX FDSS&P 500 ETF SHS0.20%$1M1.9K
31EXMOCEXXON MOBIL CORPCOM0.20%$1M9.4K
32EVREVERCORE INCCLASS A0.19%$990,1243.6K
33MRVLMARVELL TECHNOLOGY INCCOM0.19%$989,6359.0K
34MCDMCDONALDS CORPCOM0.17%$854,8822.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2026$615M77Jul 7, 202613F-HRchanges · EDGAR ↗
Q1 2026$555M69Apr 8, 202613F-HRchanges · EDGAR ↗
Q4 2025$546M72Jan 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$556M78Oct 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$526M70Jul 28, 202513F-HRchanges · EDGAR ↗
Q1 2025$500M80May 13, 202513F-HRchanges · EDGAR ↗
Q4 2024$508M73Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$493M73Oct 7, 202413F-HRchanges · EDGAR ↗
Q2 2024$465M77Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$451M72Apr 16, 202413F-HRchanges · EDGAR ↗
Q4 2023$423M69Jan 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$377M70Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$347M67Jul 12, 202313F-HRchanges · EDGAR ↗
Q1 2023$315M66May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$276M63Feb 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$227M50Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$261M62Aug 8, 202213F-HRchanges · EDGAR ↗
Q1 2022$287M68May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$299M66Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$263M66Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$279M70Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$264M75May 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$250M69Feb 4, 202113F-HRchanges · EDGAR ↗
Q3 2020$211M65Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$169M61Aug 7, 202013F-HRchanges · EDGAR ↗
Q1 2020$170M59May 11, 202013F-HRchanges · EDGAR ↗
Q4 2019$208M65Jan 15, 202013F-HRchanges · EDGAR ↗
Q3 2019$194M69Nov 5, 201913F-HRchanges · EDGAR ↗
Q2 2019$174M55Jul 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$178M54May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$165M53Feb 7, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.