TLWM
Long book
$555.2M
Q1 2026
Positions
69
Top-10 weight
86%
concentration
Last quarter
+10.6%
SPY +14.8%
Turnover
4%
of book per quarter
Strategy in plain words
auto-generated from filingsTLWM is a wealth-management firm allocating client money, running a $555.2M US long book across 69 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: SS SPDR S&P 500 ETF TRUST-US, ISHARES RUSSELL 3000 ETF, ISHARES MSCI ACWI EX US ETF, SS SPDR P S&P 500 GROWTH ETF, INVESCO BULLETSHARES 2026 CB.
Over the last 9 quarters its long book ran on average 1.1pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.4%
Q2 2024
+5.5%
Q3 2024
+1.1%
Q4 2024
-2.2%
Q1 2025
+8.2%
Q2 2025
+5.2%
Q3 2025
+2.5%
Q4 2025
-2.4%
Q1 2026
+10.6%
Sector allocation
Technology 38%
Industrials 16%
Financials 16%
Consumer discretionary 11%
Energy 7%
Services media 3%
Utilities 3%
Healthcare 3%
Long book by quarter
What does TLWM own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 15.0K | $3.8M | 0.7% | +4.2% |
| NVDA NVIDIA CORP | Technology | 18.6K | $3.2M | 0.6% | +24.0% |
| TSLA TESLA INC | Industrials | 8.2K | $3.0M | 0.5% | +3.3% |
| GOOGL ALPHABET INC-CL A | Technology | 10.3K | $3.0M | 0.5% | +3.6% |
| CRS CARPENTER TECHNOLOGY | Industrials | 7.2K | $2.8M | 0.5% | +5.1% |
| AMZN AMAZON.COM INC | Consumer discretionary | 13.6K | $2.8M | 0.5% | +5.2% |
| WMT WALMART INC | Consumer discretionary | 22.5K | $2.8M | 0.5% | +5.4% |
| META META PLATFORMS INC-CLASS A | Technology | 4.3K | $2.5M | 0.4% | +3.5% |
| CVX CHEVRON CORP | Energy | 10.2K | $2.1M | 0.4% | +2.8% |
| JPM JPMORGAN CHASE & CO | Financials | 6.8K | $2.0M | 0.4% | +3.8% |
| MS MORGAN STANLEY | Financials | 12.1K | $2.0M | 0.4% | +6.5% |
| MSFT MICROSOFT CORP | Technology | 5.1K | $1.9M | 0.3% | +4.2% |
| BAC BANK OF AMERICA CORP | Financials | 38.4K | $1.9M | 0.3% | +3.3% |
| CRM SALESFORCE INC | Technology | 9.6K | $1.8M | 0.3% | +5.4% |
| RSG REPUBLIC SERVICES INC | Utilities | 8.1K | $1.8M | 0.3% | +3.4% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 18.9K | $1.8M | 0.3% | +3.7% |
| XOM EXXON MOBIL CORP | Energy | 10.4K | $1.8M | 0.3% | +1.6% |
| V VISA INC-CLASS A SHARES | Services media | 5.8K | $1.7M | 0.3% | +3.5% |
| MRVL MARVELL TECHNOLOGY INC | Technology | 17.3K | $1.7M | 0.3% | +5.3% |
| GD GENERAL DYNAMICS CORP | Industrials | 4.6K | $1.6M | 0.3% | +4.1% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 6.2K | $1.4M | 0.3% | +3.3% |
| TWLO TWILIO INC - A | Technology | 9.8K | $1.2M | 0.2% | +4.3% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 2.4K | $1.1M | 0.2% | -2.3% |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.2K | $1.0M | 0.2% | +3.5% |
| BSX BOSTON SCIENTIFIC CORP | Healthcare | 15.8K | $989K | 0.2% | +4.1% |
| UNH UNITEDHEALTH GROUP INC | Financials | 3.3K | $904K | 0.2% | +15.4% |
| ORCL ORACLE CORP | Technology | 6.1K | $894K | 0.2% | +3.7% |
| NXPI NXP SEMICONDUCTORS NV | Technology | 4.5K | $877K | 0.2% | +3.1% |
| J JACOBS SOLUTIONS INC | Industrials | 6.8K | $866K | 0.2% | +3.4% |
| EMN EASTMAN CHEMICAL CO | Materials | 9.9K | $755K | 0.1% | +3.8% |
| ZS ZSCALER INC | Technology | 5.0K | $707K | 0.1% | +3.2% |
| COP CONOCOPHILLIPS | Energy | 4.8K | $633K | 0.1% | -3.5% |
| ADBE ADOBE INC | Technology | 2.6K | $629K | 0.1% | +4.3% |
| NTRA NATERA INC | Healthcare | 3.0K | $595K | 0.1% | Held |
| STZ CONSTELLATION BRANDS INC-A | Consumer staples | 3.6K | $542K | 0.1% | +3.0% |
| GOOG ALPHABET INC-CL C | Technology | 1.8K | $508K | 0.1% | +9.4% |
| KO COCA-COLA CO/THE | Consumer staples | 4.4K | $331K | 0.1% | +20.7% |
| NFLX NETFLIX INC | Services media | 3.2K | $308K | 0.1% | +38.5% |
| AVGO BROADCOM INC | Technology | 756 | $234K | 0.0% | -1.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 8, 2026 | 69 | $555.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 12, 2026 | 72 | $546.3M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 78 | $556.4M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 70 | $526.4M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 80 | $500.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 73 | $508.3M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 7, 2024 | 73 | $493.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 77 | $464.6M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 16, 2024 | 72 | $450.7M | canonical | SEC ↗ |