FWL INVESTMENT MANAGEMENT, LLC
Long book
$455.6M
Q1 2026
Positions
346
Top-10 weight
45%
concentration
Last quarter
+10.5%
SPY +14.8%
Turnover
31%
of book per quarter
Strategy in plain words
auto-generated from filingsFWL INVESTMENT MANAGEMENT, LLC is an institutional manager, running a $455.6M US long book across 346 positions.
The portfolio is moderately concentrated (top 10 ≈ 45% of the book). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: CHENIERE ENERGY INC, ALERIAN MLP ETF, SS SPDR BB 1-3M T-BILL ETF, ALPHABET INC-CL C, NVIDIA CORP.
Over the last 9 quarters its long book ran on average 1.3pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.7%
Q2 2024
+4.8%
Q3 2024
+0.9%
Q4 2024
-2.3%
Q1 2025
+15.2%
Q2 2025
+14.7%
Q3 2025
+1.7%
Q4 2025
+2.8%
Q1 2026
+10.5%
Sector allocation
Technology 34%
Utilities 22%
Industrials 12%
Financials 8%
Healthcare 8%
Materials 6%
Consumer discretionary 5%
Services media 3%
Long book by quarter
What does FWL INVESTMENT own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| LNG CHENIERE ENERGY INC | Utilities | 96.9K | $27.5M | 6.0% | +12.3% |
| GOOG ALPHABET INC-CL C | Technology | 71.2K | $20.4M | 4.5% | -5.1% |
| NVDA NVIDIA CORP | Technology | 114.9K | $20.0M | 4.4% | +31.6% |
| WMB WILLIAMS COS INC | Utilities | 261.6K | $19.0M | 4.2% | +11.9% |
| MDT MEDTRONIC PLC | Healthcare | 206.1K | $17.9M | 3.9% | +94.6% |
| ETR ENTERGY CORP | Utilities | 142.0K | $16.0M | 3.5% | +37.4% |
| MU MICRON TECHNOLOGY INC | Technology | 42.8K | $14.5M | 3.2% | -23.1% |
| CCJ CAMECO CORP | Materials | 129.7K | $14.1M | 3.1% | -15.3% |
| MSFT MICROSOFT CORP | Technology | 37.0K | $13.7M | 3.0% | -0.9% |
| LSTR LANDSTAR SYSTEM INC | Industrials | 82.4K | $13.2M | 2.9% | +523.7% |
| CACI CACI INTERNATIONAL INC -CL A | Technology | 23.1K | $12.6M | 2.8% | +11.3% |
| URI UNITED RENTALS INC | Services media | 9.9K | $7.2M | 1.6% | +17625.0% |
| AAPL APPLE INC | Technology | 24.3K | $6.2M | 1.4% | -2.7% |
| QCOM QUALCOMM INC | Technology | 45.5K | $5.9M | 1.3% | +186.5% |
| IREN IREN LTD | Financials | 162.5K | $5.6M | 1.2% | -31.7% |
| AMZN AMAZON.COM INC | Consumer discretionary | 24.7K | $5.1M | 1.1% | -5.2% |
| NVT NVENT ELECTRIC PLC | Industrials | 42.3K | $5.0M | 1.1% | +11.3% |
| CRCL CIRCLE INTERNET GROUP INC | Financials | 52.1K | $5.0M | 1.1% | +1735333.3% |
| KTOS KRATOS DEFENSE & SECURITY | Industrials | 67.7K | $4.8M | 1.0% | +64.2% |
| JPM JPMORGAN CHASE & CO | Financials | 15.4K | $4.5M | 1.0% | +8.5% |
| TSLA TESLA INC | Industrials | 11.3K | $4.2M | 0.9% | +40.7% |
| WMT WALMART INC | Consumer discretionary | 33.0K | $4.1M | 0.9% | -0.8% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.1K | $3.9M | 0.8% | +0.3% |
| APTV APTIV PLC | Industrials | 51.1K | $3.5M | 0.8% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.0K | $3.0M | 0.7% | -1.0% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 18.1K | $2.6M | 0.6% | +9.1% |
| CVX CHEVRON CORP | Energy | 12.6K | $2.6M | 0.6% | +89.1% |
| V VISA INC-CLASS A SHARES | Services media | 7.4K | $2.2M | 0.5% | +38.8% |
| GOOGL ALPHABET INC-CL A | Technology | 7.1K | $2.1M | 0.5% | -1.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 20.5K | $1.9M | 0.4% | -59.9% |
| GD GENERAL DYNAMICS CORP | Industrials | 5.4K | $1.9M | 0.4% | -0.1% |
| GS GOLDMAN SACHS GROUP INC | Financials | 2.1K | $1.8M | 0.4% | +20.9% |
| AMGN AMGEN INC | Healthcare | 4.6K | $1.6M | 0.4% | +0.5% |
| APD AIR PRODUCTS & CHEMICALS INC | Materials | 4.9K | $1.4M | 0.3% | -1.9% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 9.4K | $1.2M | 0.3% | New |
| LLY ELI LILLY & CO | Healthcare | 1.3K | $1.2M | 0.3% | +528.8% |
| ABBV ABBVIE INC | Healthcare | 4.9K | $1.1M | 0.2% | +309.2% |
| AZN ASTRAZENECA PLC | Healthcare | 4.5K | $889K | 0.2% | New |
| AEP AMERICAN ELECTRIC POWER | Utilities | 6.0K | $786K | 0.2% | New |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 4.7K | $775K | 0.2% | +3978.3% |
| AGI ALAMOS GOLD INC-CLASS A | Materials | 16.7K | $741K | 0.2% | -48.9% |
| AXP AMERICAN EXPRESS CO | Financials | 2.3K | $704K | 0.2% | +431.5% |
| KO COCA-COLA CO/THE | Consumer staples | 9.2K | $698K | 0.2% | +3601.6% |
| ROST ROSS STORES INC | Consumer discretionary | 3.2K | $693K | 0.2% | New |
| DE DEERE & CO | Industrials | 1.2K | $689K | 0.2% | New |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.7K | $654K | 0.1% | +394.8% |
| RTX RTX CORP | Industrials | 3.3K | $638K | 0.1% | +1025.5% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 3.0K | $634K | 0.1% | +7400.0% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 2.0K | $594K | 0.1% | New |
| WEC WEC ENERGY GROUP INC | Utilities | 5.0K | $579K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 346 | $455.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 365 | $415.7M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 17, 2025 | 332 | $383.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 325 | $326.8M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 291 | $269.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 309 | $274.8M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 298 | $261.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 247 | $198.3M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 13, 2024 | 242 | $181.5M | canonical | SEC ↗ |
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