# EDGAR Filing Document

**Accession Number:** 0001732537
**File Stem:** 0001085146-23-001039
**Filing Date:** 2023-2
**Character Count:** 10648
**Document Hash:** e5531b4eb2b15f5d44d646993db34cab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-23-001039.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001085146-23-001039

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TLWM
- **CENTRAL INDEX KEY:** 0001732537
- **IRS NUMBER:** 260129233
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18670
- **FILM NUMBER:** 23612706

**BUSINESS ADDRESS:**
- **STREET 1:** 40 NE LOOP 410, SUITE 644
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78216
- **BUSINESS PHONE:** 210-541-8600

**MAIL ADDRESS:**
- **STREET 1:** 40 NE LOOP 410, SUITE 644
- **CITY:** SAN ANTONIO
- **STATE:** TX
- **ZIP:** 78216

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** TLWM<br>**Address:** 40 NE LOOP 410 SUITE 644<br>SAN ANTONIO, TX 78216

**Form 13F File Number:** 028-18670

**CRD Number (if applicable):** 000158305

**SEC File Number (if applicable):** 801-79214

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Alex Butters<br>**Title:** Regulatory Consultant<br>**Phone:** 310-275-7300

**Signature, Place, and Date of Signing:**

/s/ Alex Butters  Beverly Hills, CA  02-10-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 63

**Form 13F Information Table Value Total:** $275777916

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 996643 | 11296 | SH |  | SOLE |  | 0 | 0 | 11296 |
| ALPHABET INC | CAP STK CL C | 02079K107 | BBG009S3NB21 | 490056 | 5523 | SH |  | SOLE |  | 0 | 0 | 5523 |
| AMAZON COM INC | COM | 023135106 | BBG001S5PQL7 | 1415820 | 16855 | SH |  | SOLE |  | 0 | 0 | 16855 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 1964872 | 15122 | SH |  | SOLE |  | 0 | 0 | 15122 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 786045 | 23733 | SH |  | SOLE |  | 0 | 0 | 23733 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | BBG001S90346 | 653943 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| CARPENTER TECHNOLOGY CORP | COM | 144285103 | BBG001S5Q5M1 | 451372 | 12219 | SH |  | SOLE |  | 0 | 0 | 12219 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 1242433 | 6922 | SH |  | SOLE |  | 0 | 0 | 6922 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 598496 | 5072 | SH |  | SOLE |  | 0 | 0 | 5072 |
| CONSTELLATION BRANDS INC | CL A | 21036P108 | BBG001SD31G5 | 738828 | 3188 | SH |  | SOLE |  | 0 | 0 | 3188 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 737176 | 8485 | SH |  | SOLE |  | 0 | 0 | 8485 |
| EASTMAN CHEM CO | COM | 277432100 | BBG001S7JNP3 | 604042 | 7417 | SH |  | SOLE |  | 0 | 0 | 7417 |
| GENERAL MTRS CO | COM | 37045V100 | BBG001SM1DK6 | 442671 | 13159 | SH |  | SOLE |  | 0 | 0 | 13159 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1189797 | 5552 | SH |  | SOLE |  | 0 | 0 | 5552 |
| ICON PLC | SHS | G4705A100 | BBG001SDCL35 | 829264 | 4269 | SH |  | SOLE |  | 0 | 0 | 4269 |
| INVESCO EXCH TRADED FD TR II | S LOW VOL | 46138E354 | BBG001V18CG8 | 353496 | 5532 | SH |  | SOLE |  | 0 | 0 | 5532 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 CB | 46138J866 | BBG00KJR0YJ0 | 7710931 | 367539 | SH |  | SOLE |  | 0 | 0 | 367539 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2023 MUNI | 46138J544 | BBG00Q8H4Z40 | 374738 | 14909 | SH |  | SOLE |  | 0 | 0 | 14909 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 CB | 46138J825 | BBG00KJR2J47 | 7750374 | 384822 | SH |  | SOLE |  | 0 | 0 | 384822 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2025 MUNI | 46138J528 | BBG00Q9CYMM6 | 247116 | 10161 | SH |  | SOLE |  | 0 | 0 | 10161 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 | BBG00KJR2K35 | 14306302 | 755948 | SH |  | SOLE |  | 0 | 0 | 755948 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 MUNI | 46138J510 | BBG00Q8HN8N8 | 249349 | 10606 | SH |  | SOLE |  | 0 | 0 | 10606 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 | BBG00KJR2L24 | 5824174 | 306618 | SH |  | SOLE |  | 0 | 0 | 306618 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 MUNI | 46138J494 | BBG00Q9CYYY7 | 246415 | 10477 | SH |  | SOLE |  | 0 | 0 | 10477 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 | BBG00LNJW5P2 | 14574989 | 743053 | SH |  | SOLE |  | 0 | 0 | 743053 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 307286 | 1154 | SH |  | SOLE |  | 0 | 0 | 1154 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 | BBG00HPLJP02 | 4452039 | 190502 | SH |  | SOLE |  | 0 | 0 | 190502 |
| ISHARES TR | IBONDS DEC2023 | 46435G318 | BBG00GF7ZJL9 | 677352 | 26720 | SH |  | SOLE |  | 0 | 0 | 26720 |
| ISHARES TR | IBONDS DEC2026 | 46435GAA0 | BBG00DST7FD2 | 923826 | 39564 | SH |  | SOLE |  | 0 | 0 | 39564 |
| ISHARES TR | IBONDS DEC23 ETF | 46434VAX8 | BBG0088JLVM6 | 8257963 | 329923 | SH |  | SOLE |  | 0 | 0 | 329923 |
| ISHARES TR | IBONDS DEC25 ETF | 46434VBD1 | BBG0088JX9H8 | 6677582 | 274573 | SH |  | SOLE |  | 0 | 0 | 274573 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 245969 | 2333 | SH |  | SOLE |  | 0 | 0 | 2333 |
| ISHARES TR | MSCI ACWI EX US | 464288240 | BBG001S56R18 | 19037284 | 418398 | SH |  | SOLE |  | 0 | 0 | 418398 |
| ISHARES TR | MSCI EAFE ETF | 464287465 | BBG001SG09V7 | 2304095 | 35102 | SH |  | SOLE |  | 0 | 0 | 35102 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 | BBG001SFC7Z6 | 48841728 | 221324 | SH |  | SOLE |  | 0 | 0 | 221324 |
| JACOBS SOLUTIONS INC | COM | 46982L108 | BBG019C1BQS3 | 697131 | 5806 | SH |  | SOLE |  | 0 | 0 | 5806 |
| JPMORGAN CHASE  CO | COM | 46625H100 | BBG001S8CRC3 | 1073339 | 8004 | SH |  | SOLE |  | 0 | 0 | 8004 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 696508 | 2643 | SH |  | SOLE |  | 0 | 0 | 2643 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 570776 | 7344 | SH |  | SOLE |  | 0 | 0 | 7344 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 1143895 | 10310 | SH |  | SOLE |  | 0 | 0 | 10310 |
| META MATERIALS INC | COM | 59134N104 | BBG001T3WTK8 | 93610 | 78664 | SH |  | SOLE |  | 0 | 0 | 78664 |
| META PLATFORMS INC | CL A | 30303M102 | BBG001SQCQC5 | 1146718 | 9529 | SH |  | SOLE |  | 0 | 0 | 9529 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1371900 | 5721 | SH |  | SOLE |  | 0 | 0 | 5721 |
| MORGAN STANLEY | COM NEW | 617446448 | BBG001S9V5Z3 | 1092847 | 12854 | SH |  | SOLE |  | 0 | 0 | 12854 |
| NETFLIX INC | COM | 64110L106 | BBG001SF6L46 | 398089 | 1350 | SH |  | SOLE |  | 0 | 0 | 1350 |
| NICE LTD | SPONSORED ADR | 653656108 | BBG001S9RK49 | 680941 | 3541 | SH |  | SOLE |  | 0 | 0 | 3541 |
| PIONEER NAT RES CO | COM | 723787107 | BBG001S7V1J4 | 764883 | 3349 | SH |  | SOLE |  | 0 | 0 | 3349 |
| PROSHARES TR | SHORT QQQ NEW | 74347B714 | BBG001SR6H58 | 242880 | 16500 | SH |  | SOLE |  | 0 | 0 | 16500 |
| REPUBLIC SVCS INC | COM | 760759100 | BBG001S9DL33 | 908480 | 7043 | SH |  | SOLE |  | 0 | 0 | 7043 |
| SALESFORCE INC | COM | 79466L302 | BBG001SDLP09 | 760404 | 5735 | SH |  | SOLE |  | 0 | 0 | 5735 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 | BBG001SRXRJ1 | 376532 | 12682 | SH |  | SOLE |  | 0 | 0 | 12682 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 50527181 | 132124 | SH |  | SOLE |  | 0 | 0 | 132124 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 | BBG001STKCW9 | 36639283 | 400562 | SH |  | SOLE |  | 0 | 0 | 400562 |
| SPDR SER TR | PORTFOLI S | 78464A805 | BBG001SG6843 | 722637 | 15281 | SH |  | SOLE |  | 0 | 0 | 15281 |
| SPDR SER TR | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 716980 | 15940 | SH |  | SOLE |  | 0 | 0 | 15940 |
| TESLA INC | COM | 88160R101 | BBG001SQKGD7 | 1139908 | 9254 | SH |  | SOLE |  | 0 | 0 | 9254 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 | BBG001S6WCJ1 | 1372105 | 2588 | SH |  | SOLE |  | 0 | 0 | 2588 |
| USIO INC | COM | 917313108 | BBG001S8CPZ2 | 120122 | 72801 | SH |  | SOLE |  | 0 | 0 | 72801 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 12531950 | 65547 | SH |  | SOLE |  | 0 | 0 | 65547 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000IDX | 92206C730 | BBG001TCHM11 | 1008965 | 5790 | SH |  | SOLE |  | 0 | 0 | 5790 |
| VISA INC | COM CL A | 92826C839 | BBG001SRCFY3 | 1056452 | 5085 | SH |  | SOLE |  | 0 | 0 | 5085 |
| WALMART INC | COM | 931142103 | BBG001S5XH92 | 1164803 | 8215 | SH |  | SOLE |  | 0 | 0 | 8215 |
| ZSCALER INC | COM | 98980G102 | BBG003338H61 | 254131 | 2271 | SH |  | SOLE |  | 0 | 0 | 2271 |

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