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FWG Investments, LLC. — 13F Holdings & Portfolio

CIK 1944877 · latest 13F-HR filed 2026-07-28

Backtest portfolio

FWG Investments, LLC. manages $189.0M in 13F-reported U.S. long-equity assets across 116 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VOO (9.98%), VUG (8.84%), SCEC (3.47%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 20 new positions and exited 21; 72 existing positions rose in reported value and 9 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$189.0M

Long-equity book

Holdings
116

Distinct positions

Period
2026-06-30

Filed 2026-07-28

Q/Q Activity
+20 / −21 / ↑72 / ↓9

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VOO10.0% · -3%VUG8.8% · +575%SCEC3.5% · +6%SIXD3.4% · newSPYM3.3% · +136%MAYT3.0% · newONEZ2.7% · +113%IWY2.6% · -2%IEMG2.5% · -9%DECT2.3% · +13%JUNT1.9% · newIWX1.7% · +1%FEBT1.6% · newFJUN1.6% · +12%DYNF1.5% · +19%FOCT1.4% · -3%QJUN1.4% · -5%CORO1.4% · +22%QDEC1.3% · -0%FMAY1.3% · +35%IVW1.3% · +13%IDEV1.2% · -7%AGEM1.2% · -6%BILZ1.1% · +231%AAPL1.1% · +1%ACWV1.1% · +1%IUSB1.0% · +34%FDEC1.0% · -3%EFG1.0% · +14%IVE0.9% · -14%FJAN0.9% · -2%SEPZ0.9% · +12%FNOV0.9% · +0%EFV0.9% · -3%VTI0.9% · +44%FAPR0.9% · +171%FSEP0.8% · -0%FFEB0.8% · +11%QMAR0.8% · +5%IWS0.8% · -11%FJUL0.8% · -5%FMAR0.8% · +2%QQQ0.7% · +11%XLG0.7% · -3%VXUS0.7% · +63%QSPT0.7% · -3%FAUG0.6% · -7%BAI0.6% · -8%QBER0.6% · +21%SPDW0.5% · -13%BND0.5% · +8%VYM0.5% · +36%GOCT0.5% · +5%VTWO0.5% · -4%NVDA0.5% · -15%MTUM0.5% · -26%MSFT0.4% · +1%VGT0.4% · +1826%BLCR0.4% · +18%SPAB0.4% · -11%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 42%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 30, 2026.

Assets Under Management
$439.1M
Discretionary
$439.1M
Employees
14
Accounts
1,102
Address
1099 W MORSE BLVD
WINTER PARK, FL 32789
Phone
(407) 999-8998
Website
Name Title / Status Ownership Type
LEDFORD HOLDINGS, LLC ControlMEMBER
since Jul 2022
75% or moreDomestic Entity
LEDFORD, JOHN, EDWARD ControlPRESIDENT AND CHIEF COMPLIANCE OFFICER
since Jun 2020
Less than 5%Individual
CAPITAL ROCK LLCMEMBER
since Jul 2022
10–25%Domestic Entity
LEDFORD, JOHN, EDWARD Control
Indirect owner via LEDFORD HOLDINGS, LLC
MEMBER
since Jul 2022
75% or moreIndividual
LINQUIST, COLE, ROBERT
Indirect owner via CAPITAL ROCK LLC
MEMBER
since Jul 2022
75% or moreIndividual
Ownership & leadership changes · 2 filings with changes since Apr 21, 2020

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jul 28, 2022 filing
  • AddedCAPITAL ROCK LLC · MEMBER · 10–25%
  • AddedLEDFORD HOLDINGS, LLC · MEMBER · 75% or more · control person
  • AddedLEDFORD, JOHN, EDWARD · MEMBER · 75% or more · indirect via LEDFORD HOLDINGS, LLC · control person
  • AddedLINQUIST, COLE, ROBERT · MEMBER · 75% or more · indirect via CAPITAL ROCK LLC
  • ChangedLEDFORD, JOHN, EDWARD · ownership 75% or more → Less than 5%
Jun 19, 2020 filing
  • No longer listedLedford, Bradley, Davis · PRESIDENT AND CHIEF COMPLIANCE OFFICER · 75% or more · control person · listed since Apr 2020
  • AddedLEDFORD, JOHN, EDWARD · PRESIDENT AND CHIEF COMPLIANCE OFFICER · 75% or more · control person
Apr 21, 2020 filing (earliest on record)
  • ListedLedford, Bradley, Davis · PRESIDENT AND CHIEF COMPLIANCE OFFICER · 75% or more · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

FWG Investments, LLC. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 VANGUARD INDEX FDS VOO 922908363 $18.9M 9.98% 27,472 SH
2 VANGUARD INDEX FDS VUG 922908736 $16.7M 8.84% 194,010 SH
3 CAPITOL SER TR SCEC 14064D444 $6.5M 3.47% 261,629 SH
4 AIM ETF PRODUCTS TRUST SIXD 00888H646 $6.4M 3.38% 207,396 SH
5 SPDR SERIES TRUST SPYM 78464A854 $6.2M 3.29% 70,678 SH
6 AIM ETF PRODUCTS TRUST MAYT 00888H760 $5.6M 2.97% 144,178 SH
7 ELEVATION SERIES TRUST ONEZ 210322608 $5.2M 2.73% 187,004 SH
8 ISHARES TR IWY 464289438 $4.9M 2.58% 16,809 SH
9 ISHARES INC IEMG 46434G103 $4.7M 2.47% 56,294 SH
10 AIM ETF PRODUCTS TRUST DECT 00888H836 $4.4M 2.32% 111,567 SH
11 AIM ETF PRODUCTS TRUST JUNT 00888H745 $3.6M 1.93% 96,468 SH
12 ISHARES TR IWX 464289420 $3.1M 1.66% 29,840 SH
13 AIM ETF PRODUCTS TRUST FEBT 00888H828 $3.0M 1.58% 72,521 SH
14 FIRST TR EXCHNG TRADED FD VI FJUN 33740F722 $3.0M 1.57% 49,426 SH
15 BLACKROCK ETF TRUST DYNF 09290C103 $2.8M 1.46% 40,440 SH
16 FIRST TR EXCHNG TRADED FD VI FOCT 33740F664 $2.6M 1.37% 49,510 SH
17 FIRST TR EXCHNG TRADED FD VI QJUN 33740F557 $2.6M 1.35% 75,801 SH
18 BLACKROCK ETF TRUST CORO 09290C764 $2.6M 1.35% 69,831 SH
19 FIRST TR EXCHNG TRADED FD VI QDEC 33740F649 $2.5M 1.32% 70,119 SH
20 FIRST TR EXCHNG TRADED FD VI FMAY 33740F748 $2.5M 1.32% 44,316 SH
21 ISHARES TR IVW 464287309 $2.4M 1.28% 17,534 SH
22 ISHARES TR IDEV 46435G326 $2.3M 1.23% 26,154 SH
23 ABRDN FDS AGEM 00384X301 $2.2M 1.15% 44,189 SH
24 PIMCO ETF TR BILZ 72201R577 $2.1M 1.14% 21,256 SH
25 APPLE INC AAPL 037833100 $2.1M 1.10% 7,209 SH
26 ISHARES INC ACWV 464286525 $2.1M 1.10% 17,285 SH
27 ISHARES TR IUSB 46434V613 $1.9M 1.03% 42,136 SH
28 FIRST TR EXCHNG TRADED FD VI FDEC 33740U505 $1.9M 0.99% 34,394 SH
29 ISHARES TR EFG 464288885 $1.8M 0.96% 14,601 SH
30 ISHARES TR IVE 464287408 $1.8M 0.94% 7,793 SH
31 FIRST TR EXCHNG TRADED FD VI FJAN 33740F623 $1.7M 0.91% 31,355 SH
32 ELEVATION SERIES TRUST SEPZ 210322798 $1.7M 0.91% 37,751 SH
33 FIRST TR EXCHNG TRADED FD VI FNOV 33740F847 $1.7M 0.89% 28,845 SH
34 ISHARES TR EFV 464288877 $1.7M 0.87% 21,567 SH
35 VANGUARD INDEX FDS VTI 922908769 $1.6M 0.86% 4,397 SH
36 FIRST TR EXCHNG TRADED FD VI FAPR 33740U885 $1.6M 0.85% 34,469 SH
37 FIRST TR EXCHNG TRADED FD VI FSEP 33740U307 $1.6M 0.84% 28,845 SH
38 FIRST TR EXCHNG TRADED FD VI FFEB 33740F763 $1.6M 0.82% 25,564 SH
39 FIRST TR EXCHNG TRADED FD VI QMAR 33740F581 $1.5M 0.79% 40,317 SH
40 ISHARES TR IWS 464287473 $1.5M 0.78% 8,914 SH
41 FIRST TR EXCHNG TRADED FD VI FJUL 33740U208 $1.4M 0.77% 24,300 SH
42 FIRST TR EXCHNG TRADED FD VI FMAR 33740F599 $1.4M 0.76% 27,365 SH
43 INVESCO QQQ TR QQQ 46090E103 $1.4M 0.73% 1,871 SH
44 INVESCO EXCHANGE TRADED FD T XLG 46137V233 $1.3M 0.70% 21,550 SH
45 VANGUARD STAR FDS VXUS 921909768 $1.3M 0.68% 14,979 SH
46 FIRST TR EXCHNG TRADED FD VI QSPT 33740U836 $1.2M 0.65% 35,371 SH
47 FIRST TR EXCHNG TRADED FD VI FAUG 33740F862 $1.2M 0.65% 21,657 SH
48 BLACKROCK ETF TRUST BAI 09290C780 $1.1M 0.59% 20,994 SH
49 ELEVATION SERIES TRUST QBER 210322509 $1.1M 0.56% 44,216 SH
50 SPDR INDEX SHS FDS SPDW 78463X889 $989.4K 0.52% 19,634 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-28 $189.0M 116 0001944877-26-000003
2026-03-31 2026-04-21 $157.4M 117 0001944877-26-000002
2025-12-31 2026-01-28 $157.0M 111 0001944877-26-000001
Filer Information
Address
2704 OLD ROSEBUD ROAD, SUITE 180
LEXINGTON, KY 40509
Phone
(859) 309-0349
Filing Manager
FWG Investments, LLC.
LEXINGTON, KY
Signatory
Sylvia McGaughey
Consultant