Tlwm

SAN ANTONIO, TX

$615m in 73 US stocks at the end of 30 June 2026. The top 10 are 86.2% of the money. It changed about 4.2% of the portfolio this quarter.

Value

$615m

Stocks

Top 10 share

86.2%

Turnover

4.2%

What changed this quarter

New

Bought for the first time this quarter.

Applied MaterialsAMAT
0.3% of the fund
AstrazenecaAZN
0.3% of the fund
CienaCIEN
0.2% of the fund
EatonETN
0.2% of the fund
Globe LifeGL
0.1% of the fund
Ishares TRIVV
<0.1% of the fund
Vanguard Admiral FDSVOOG
<0.1% of the fund
ARM HoldingsARM
<0.1% of the fund
Ishares TRIHF
<0.1% of the fund

Added

Bought more of a stock they already held.

Invesco Exch TRD SLF IDX FDBSCU
5.0% of the fund
+3%
Invesco Exch TRD SLF IDX FDBSCT
4.8% of the fund
+2%
Invesco Exch TRD SLF IDX FDBSCR
4.3% of the fund
+2%
NvidiaNVDA
0.8% of the fund
+30%
AppleAAPL
0.7% of the fund
+3%
Spdr Series TrustBIL
0.4% of the fund
+13%
Vanguard Index FDSVOO
0.4% of the fund
+8%
MicrosoftMSFT
0.4% of the fund
+25%
Spdr Series TrustSPYM
0.2% of the fund
+5%
Spdr Series TrustSPTM
0.2% of the fund
+5%
Global X FDSQYLD
0.2% of the fund
+14%
Spdr Index SHS FDSSPDW
0.1% of the fund
+5%
Coca-ColaKO
<0.1% of the fund
+12%
BroadcomAVGO
<0.1% of the fund
+6%
Ishares TRCMF
<0.1% of the fund
+24%
NetflixNFLX
<0.1% of the fund
+17%

Cut

Sold some of their stake.

AlphabetGOOGL
0.5% of the fund
-16%
Carpenter TechnologyCRS
0.4% of the fund
-40%
Marvell TechnologyMRVL
0.4% of the fund
-52%
SalesforceCRM
0.2% of the fund
-9%
Berkshire HathawayBRK-B
0.2% of the fund
-13%
McDonald'sMCD
0.1% of the fund
-2%
Ishares TRIBDR
0.1% of the fund
-3%
ZscalerZS
0.1% of the fund
-3%
Boston ScientificBSX
0.1% of the fund
-2%

Sold out

Sold their entire stake.

Holdings

State STR Spdr S&P 500 ETF TSPY
Share
20.8%
Value
$128m
Shares
171,390
Held
Ishares TRIWV
Share
20.3%
Value
$125m
Shares
292,816
Held
Ishares TRACWX
Share
11.7%
Value
$72m
Shares
942,276
Held
Spdr Series TrustSPYG
Share
7.5%
Value
$46m
Shares
389,066
Held
Invesco Exch TRD SLF IDX FDBSCQ
Share
5.5%
Value
$34m
Shares
1,734,607
Held
Invesco Exch TRD SLF IDX FDBSCS
Share
5.5%
Value
$34m
Shares
1,647,457
Held
Invesco Exch TRD SLF IDX FDBSCU
Share
5.0%
Value
$31m
Shares
1,851,064
+3%
Invesco Exch TRD SLF IDX FDBSCT
Share
4.8%
Value
$30m
Shares
1,598,888
+2%
Invesco Exch TRD SLF IDX FDBSCR
Share
4.3%
Value
$26m
Shares
1,348,131
+2%
NvidiaNVDA
Share
0.8%
Value
$5m
Shares
24,182
+30%
AppleAAPL
Share
0.7%
Value
$4m
Shares
15,462
+3%
Ishares TRIBDS
Share
0.6%
Value
$4m
Shares
163,533
Held
TeslaTSLA
Share
0.6%
Value
$3m
Shares
8,119
Held
Amazon.comAMZN
Share
0.5%
Value
$3m
Shares
13,427
Held
AlphabetGOOGL
Share
0.5%
Value
$3m
Shares
8,621
-16%
Spdr Series TrustBIL
Share
0.4%
Value
$3m
Shares
30,162
+13%
Carpenter TechnologyCRS
Share
0.4%
Value
$3m
Shares
4,338
-40%
WalmartWMT
Share
0.4%
Value
$3m
Shares
22,434
Held
Morgan StanleyMS
Share
0.4%
Value
$2m
Shares
11,940
Held
Marvell TechnologyMRVL
Share
0.4%
Value
$2m
Shares
8,254
-52%
Meta PlatformsMETA
Share
0.4%
Value
$2m
Shares
4,317
Held
Vanguard Index FDSVOO
Share
0.4%
Value
$2m
Shares
3,460
+8%
MicrosoftMSFT
Share
0.4%
Value
$2m
Shares
6,353
+25%
JPMorgan ChaseJPM
Share
0.4%
Value
$2m
Shares
6,765
Held
Bank of AmericaBAC
Share
0.4%
Value
$2m
Shares
38,377
Held
TwilioTWLO
Share
0.3%
Value
$2m
Shares
9,684
Held
Applied MaterialsAMAT
Share
0.3%
Value
$2m
Shares
2,725
New
VisaV
Share
0.3%
Value
$2m
Shares
5,686
Held
AstrazenecaAZN
Share
0.3%
Value
$2m
Shares
9,279
New
Charles SchwabSCHW
Share
0.3%
Value
$2m
Shares
18,642
Held
Republic ServicesRSG
Share
0.3%
Value
$2m
Shares
8,012
Held
ChevronCVX
Share
0.3%
Value
$2m
Shares
10,006
Held
General DynamicsGD
Share
0.3%
Value
$2m
Shares
4,544
Held
UnitedHealth GroupUNH
Share
0.2%
Value
$1m
Shares
3,406
Held
Spdr Series TrustSPYM
Share
0.2%
Value
$1m
Shares
16,031
+5%
Spdr Series TrustSPTM
Share
0.2%
Value
$1m
Shares
15,267
+5%
SalesforceCRM
Share
0.2%
Value
$1m
Shares
8,755
-9%
CienaCIEN
Share
0.2%
Value
$1m
Shares
2,528
New
NXP SemiconductorsNXPI
Share
0.2%
Value
$1m
Shares
4,389
Held
Global X FDSQYLD
Share
0.2%
Value
$1m
Shares
59,053
+14%
EatonETN
Share
0.2%
Value
$1m
Shares
2,540
New
Berkshire HathawayBRK-B
Share
0.2%
Value
$1m
Shares
2,061
-13%
Invesco QQQ TRQQQ
Share
0.2%
Value
$982,359
Shares
1,334
Held
Spdr Index SHS FDSSPDW
Share
0.1%
Value
$900,932
Shares
17,879
+5%
OracleORCL
Share
0.1%
Value
$883,269
Shares
6,027
Held
McDonald'sMCD
Share
0.1%
Value
$853,097
Shares
3,156
-2%
Ishares TRIBDR
Share
0.1%
Value
$842,365
Shares
34,765
-3%
Globe LifeGL
Share
0.1%
Value
$839,796
Shares
4,700
New
NateraNTRA
Share
0.1%
Value
$807,022
Shares
2,973
Held
ZscalerZS
Share
0.1%
Value
$690,653
Shares
4,893
-3%
Eastman ChemicalEMN
Share
0.1%
Value
$660,692
Shares
9,864
Held
Boston ScientificBSX
Share
0.1%
Value
$657,313
Shares
15,401
-2%
AlphabetGOOG
Share
0.1%
Value
$624,335
Shares
1,767
Held
Invesco Exch TRD SLF IDX FDBSMU
Share
<0.1%
Value
$522,647
Shares
23,845
Held
Invesco Exch TRD SLF IDX FDBSMR
Share
<0.1%
Value
$518,969
Shares
21,953
Held
Invesco Exch TRD SLF IDX FDBSMQ
Share
<0.1%
Value
$513,751
Shares
21,820
Held
Invesco Exch TRD SLF IDX FDBSMS
Share
<0.1%
Value
$513,264
Shares
21,897
Held
Invesco Exch TRD SLF IDX FDBSMT
Share
<0.1%
Value
$510,390
Shares
22,162
Held
ConocoPhillipsCOP
Share
<0.1%
Value
$497,968
Shares
4,790
Held
Constellation BrandsSTZ
Share
<0.1%
Value
$492,380
Shares
3,540
Held
Ishares TRIVV
Share
<0.1%
Value
$473,298
Shares
632
New
Vanguard Scottsdale FDSVONE
Share
<0.1%
Value
$443,384
Shares
1,309
Held
Spdr Gold TRGLD
Share
<0.1%
Value
$409,639
Shares
1,112
Held
Coca-ColaKO
Share
<0.1%
Value
$394,810
Shares
4,858
+12%
Invesco Exch Traded FD TR IISPLV
Share
<0.1%
Value
$351,356
Shares
4,691
Held
Vanguard Admiral FDSVOOG
Share
<0.1%
Value
$317,344
Shares
3,841
New
Vanguard Intl Equity Index FVEU
Share
<0.1%
Value
$311,885
Shares
3,724
Held
BroadcomAVGO
Share
<0.1%
Value
$302,578
Shares
801
+6%
Select Sector Spdr TRXLK
Share
<0.1%
Value
$289,209
Shares
1,518
Held
Ishares TRCMF
Share
<0.1%
Value
$284,050
Shares
4,928
+24%
NetflixNFLX
Share
<0.1%
Value
$267,750
Shares
3,750
+17%
ARM HoldingsARM
Share
<0.1%
Value
$234,372
Shares
661
New
Ishares TRIHF
Share
<0.1%
Value
$210,422
Shares
3,803
New

Company	Share of fund	Value	Shares	Change
State STR Spdr S&P 500 ETF TSPY	20.8%	$128m	171,390	Held
Ishares TRIWV	20.3%	$125m	292,816	Held
Ishares TRACWX	11.7%	$72m	942,276	Held
Spdr Series TrustSPYG	7.5%	$46m	389,066	Held
Invesco Exch TRD SLF IDX FDBSCQ	5.5%	$34m	1,734,607	Held
Invesco Exch TRD SLF IDX FDBSCS	5.5%	$34m	1,647,457	Held
Invesco Exch TRD SLF IDX FDBSCU	5.0%	$31m	1,851,064	+3%
Invesco Exch TRD SLF IDX FDBSCT	4.8%	$30m	1,598,888	+2%
Invesco Exch TRD SLF IDX FDBSCR	4.3%	$26m	1,348,131	+2%
NvidiaNVDA	0.8%	$5m	24,182	+30%
AppleAAPL	0.7%	$4m	15,462	+3%
Ishares TRIBDS	0.6%	$4m	163,533	Held
TeslaTSLA	0.6%	$3m	8,119	Held
Amazon.comAMZN	0.5%	$3m	13,427	Held
AlphabetGOOGL	0.5%	$3m	8,621	-16%
Spdr Series TrustBIL	0.4%	$3m	30,162	+13%
Carpenter TechnologyCRS	0.4%	$3m	4,338	-40%
WalmartWMT	0.4%	$3m	22,434	Held
Morgan StanleyMS	0.4%	$2m	11,940	Held
Marvell TechnologyMRVL	0.4%	$2m	8,254	-52%
Meta PlatformsMETA	0.4%	$2m	4,317	Held
Vanguard Index FDSVOO	0.4%	$2m	3,460	+8%
MicrosoftMSFT	0.4%	$2m	6,353	+25%
JPMorgan ChaseJPM	0.4%	$2m	6,765	Held
Bank of AmericaBAC	0.4%	$2m	38,377	Held
TwilioTWLO	0.3%	$2m	9,684	Held
Applied MaterialsAMAT	0.3%	$2m	2,725	New
VisaV	0.3%	$2m	5,686	Held
AstrazenecaAZN	0.3%	$2m	9,279	New
Charles SchwabSCHW	0.3%	$2m	18,642	Held
Republic ServicesRSG	0.3%	$2m	8,012	Held
ChevronCVX	0.3%	$2m	10,006	Held
General DynamicsGD	0.3%	$2m	4,544	Held
UnitedHealth GroupUNH	0.2%	$1m	3,406	Held
Spdr Series TrustSPYM	0.2%	$1m	16,031	+5%
Spdr Series TrustSPTM	0.2%	$1m	15,267	+5%
SalesforceCRM	0.2%	$1m	8,755	-9%
CienaCIEN	0.2%	$1m	2,528	New
NXP SemiconductorsNXPI	0.2%	$1m	4,389	Held
Global X FDSQYLD	0.2%	$1m	59,053	+14%
EatonETN	0.2%	$1m	2,540	New
Berkshire HathawayBRK-B	0.2%	$1m	2,061	-13%
Invesco QQQ TRQQQ	0.2%	$982,359	1,334	Held
Spdr Index SHS FDSSPDW	0.1%	$900,932	17,879	+5%
OracleORCL	0.1%	$883,269	6,027	Held
McDonald'sMCD	0.1%	$853,097	3,156	-2%
Ishares TRIBDR	0.1%	$842,365	34,765	-3%
Globe LifeGL	0.1%	$839,796	4,700	New
NateraNTRA	0.1%	$807,022	2,973	Held
ZscalerZS	0.1%	$690,653	4,893	-3%
Eastman ChemicalEMN	0.1%	$660,692	9,864	Held
Boston ScientificBSX	0.1%	$657,313	15,401	-2%
AlphabetGOOG	0.1%	$624,335	1,767	Held
Invesco Exch TRD SLF IDX FDBSMU	<0.1%	$522,647	23,845	Held
Invesco Exch TRD SLF IDX FDBSMR	<0.1%	$518,969	21,953	Held
Invesco Exch TRD SLF IDX FDBSMQ	<0.1%	$513,751	21,820	Held
Invesco Exch TRD SLF IDX FDBSMS	<0.1%	$513,264	21,897	Held
Invesco Exch TRD SLF IDX FDBSMT	<0.1%	$510,390	22,162	Held
ConocoPhillipsCOP	<0.1%	$497,968	4,790	Held
Constellation BrandsSTZ	<0.1%	$492,380	3,540	Held
Ishares TRIVV	<0.1%	$473,298	632	New
Vanguard Scottsdale FDSVONE	<0.1%	$443,384	1,309	Held
Spdr Gold TRGLD	<0.1%	$409,639	1,112	Held
Coca-ColaKO	<0.1%	$394,810	4,858	+12%
Invesco Exch Traded FD TR IISPLV	<0.1%	$351,356	4,691	Held
Vanguard Admiral FDSVOOG	<0.1%	$317,344	3,841	New
Vanguard Intl Equity Index FVEU	<0.1%	$311,885	3,724	Held
BroadcomAVGO	<0.1%	$302,578	801	+6%
Select Sector Spdr TRXLK	<0.1%	$289,209	1,518	Held
Ishares TRCMF	<0.1%	$284,050	4,928	+24%
NetflixNFLX	<0.1%	$267,750	3,750	+17%
ARM HoldingsARM	<0.1%	$234,372	661	New
Ishares TRIHF	<0.1%	$210,422	3,803	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 16.8% since 30 June 2025.

Where the money is

Technology3.9%

Financial services2.0%

Retail & consumer1.2%

Industrials1.2%

Media & telecom1.0%

Health care0.8%

Everyday goods0.6%

Energy0.4%

Materials0.1%

Other88.9%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.