# EDGAR Filing Document

**Accession Number:** 0001862067
**File Stem:** 0001862067-25-000002
**Filing Date:** 2025-10
**Character Count:** 14438
**Document Hash:** f2cbd8496db6900c532be33e588c3c03
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001862067-25-000002.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001862067-25-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**EFFECTIVENESS DATE**: 20251030

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FWG Holdings, LLC
- **CENTRAL INDEX KEY:** 0001862067

**ORGANIZATION NAME:**
- **EIN:** 850542400
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21336
- **FILM NUMBER:** 251433657

**BUSINESS ADDRESS:**
- **STREET 1:** 1099 W MORSE BLVD
- **CITY:** WINTER PARK
- **STATE:** FL
- **ZIP:** 32789
- **BUSINESS PHONE:** 407-999-8998

**MAIL ADDRESS:**
- **STREET 1:** 1099 W MORSE BLVD
- **CITY:** WINTER PARK
- **STATE:** FL
- **ZIP:** 32789

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Fortress Wealth Group, LLC
- **DATE OF NAME CHANGE:** 20210513

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**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:** FWG Holdings LLC<br>**Address:** 1099 W MORSE BLVD<br>WINTER PARK, FL 32789

**Form 13F File Number:** 028-21336

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:** Sarah Delaney<br>**Title:** Compliance Director<br>**Phone:** 4079998998

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

Sarah Delaney  Winter Park, FL  10-30-2025<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:** 109

**Form 13F Information Table Value Total:** $231739681

      (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 |
| ABBVIE INC | COM | 00287Y109 |  | 536788 | 2384 | SH |  | SOLE |  | 0 | 0 | 2384 |
| ADVANCED MICRO DEVICES INC | COM | 007903107 |  | 383976 | 1453 | SH |  | SOLE |  | 55 | 0 | 1398 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 1055472 | 3844 | SH |  | SOLE |  | 275 | 0 | 3569 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 2300568 | 8361 | SH |  | SOLE |  | 0 | 0 | 8361 |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 554232 | 11876 | SH |  | SOLE |  | 428 | 0 | 11448 |
| AMAZON COM INC | COM | 023135106 |  | 3342255 | 14513 | SH |  | SOLE |  | 674 | 0 | 13839 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 389927 | 3193 | SH |  | SOLE |  | 765 | 0 | 2428 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 323863 | 904 | SH |  | SOLE |  | 0 | 0 | 904 |
| APPLE INC | COM | 037833100 |  | 4926501 | 18267 | SH |  | SOLE |  | 907 | 0 | 17359 |
| APPLIED DIGITAL CORP | COM NEW | 038169207 |  | 953262 | 27695 | SH |  | SOLE |  | 4500 | 0 | 23195 |
| APPLIED MATLS INC | COM | 038222105 |  | 376074 | 1595 | SH |  | SOLE |  | 0 | 0 | 1595 |
| ARISTA NETWORKS INC | COM SHS | 040413205 |  | 463780 | 2862 | SH |  | SOLE |  | 510 | 0 | 2352 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 2680717 | 5635 | SH |  | SOLE |  | 480 | 0 | 5154 |
| BOEING CO | COM | 097023105 |  | 1650175 | 7726 | SH |  | SOLE |  | 0 | 0 | 7726 |
| BROADCOM INC | COM | 11135F101 |  | 1802002 | 4669 | SH |  | SOLE |  | 0 | 0 | 4669 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 352551 | 1613 | SH |  | SOLE |  | 550 | 0 | 1063 |
| CATERPILLAR INC | COM | 149123101 |  | 1574928 | 2690 | SH |  | SOLE |  | 217 | 0 | 2473 |
| CHEVRON CORP NEW | COM | 166764100 |  | 317860 | 2049 | SH |  | SOLE |  | 300 | 0 | 1749 |
| CISCO SYS INC | COM | 17275R102 |  | 833054 | 11679 | SH |  | SOLE |  | 0 | 0 | 11679 |
| COCA COLA CO | COM | 191216100 |  | 761698 | 11144 | SH |  | SOLE |  | 1862 | 0 | 9282 |
| CONSTELLATION ENERGY CORP | COM | 21037T109 |  | 202722 | 505 | SH |  | SOLE |  | 0 | 0 | 505 |
| COSTAR GROUP INC | COM | 22160N109 |  | 597502 | 8474 | SH |  | SOLE |  | 0 | 0 | 8474 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 217115 | 238 | SH |  | SOLE |  | 0 | 0 | 238 |
| CROWDSTRIKE HLDGS INC | CL A | 22788C105 |  | 1297745 | 2379 | SH |  | SOLE |  | 195 | 0 | 2184 |
| CSX CORP | COM | 126408103 |  | 720104 | 20400 | SH |  | SOLE |  | 0 | 0 | 20400 |
| D-WAVE QUANTUM INC | COM | 26740W109 |  | 205560 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| DARDEN RESTAURANTS INC | COM | 237194105 |  | 408837 | 2241 | SH |  | SOLE |  | 0 | 0 | 2241 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 463460 | 3729 | SH |  | SOLE |  | 363 | 0 | 3366 |
| ECOLAB INC | COM | 278865100 |  | 696141 | 2704 | SH |  | SOLE |  | 0 | 0 | 2704 |
| ELI LILLY  CO | COM | 532457108 |  | 1647510 | 2025 | SH |  | SOLE |  | 0 | 0 | 2025 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 1193910 | 10253 | SH |  | SOLE |  | 0 | 0 | 10253 |
| FIDELITY MERRIMACK STR TR | TOTAL BD ETF | 316188309 |  | 10741709 | 230459 | SH |  | SOLE |  | 2751 | 0 | 227708 |
| FIRST TR EXCHANGE TRADED FD | RISNG DIVD ACHIV | 33738R506 |  | 442924 | 6520 | SH |  | SOLE |  | 706 | 0 | 5814 |
| FIRST TR EXCHANGE TRADED FD | FINLS ALPHADEX | 33734X135 |  | 373894 | 6573 | SH |  | SOLE |  | 0 | 0 | 6573 |
| FIRST TR EXCHANGE-TRADED ALP | COM SHS | 33735B108 |  | 1388320 | 11107 | SH |  | SOLE |  | 0 | 0 | 11107 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 33734H106 |  | 1674566 | 37114 | SH |  | SOLE |  | 0 | 0 | 37114 |
| FIRST TR EXCHANGE-TRADED FD | SHS | 336917109 |  | 455471 | 10605 | SH |  | SOLE |  | 0 | 0 | 10605 |
| FRANCO NEV CORP | COM | 351858105 |  | 253332 | 1358 | SH |  | SOLE |  | 0 | 0 | 1358 |
| GE AEROSPACE | COM NEW | 369604301 |  | 965882 | 3073 | SH |  | SOLE |  | 0 | 0 | 3073 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 917660 | 1172 | SH |  | SOLE |  | 0 | 0 | 1172 |
| GRAYSCALE BITCOIN MINI TR ET | SHS NEW | 389930207 |  | 248488 | 5074 | SH |  | SOLE |  | 79 | 0 | 4995 |
| GRAYSCALE BITCOIN TRUST ETF | SHS REP COM UT | 389637109 |  | 1189886 | 13731 | SH |  | SOLE |  | 395 | 0 | 13336 |
| HOME DEPOT INC | COM | 437076102 |  | 1226637 | 3245 | SH |  | SOLE |  | 213 | 0 | 3032 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 263439 | 1088 | SH |  | SOLE |  | 0 | 0 | 1088 |
| INNVENTURE INC | COM | 45784M108 |  | 421015 | 143691 | SH |  | SOLE |  | 0 | 0 | 143691 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1112300 | 3609 | SH |  | SOLE |  | 0 | 0 | 3609 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 21584543 | 33950 | SH |  | SOLE |  | 56 | 0 | 33894 |
| ISHARES BITCOIN TRUST ETF | SHS BEN INT | 46438F101 |  | 1792981 | 28573 | SH |  | SOLE |  | 422 | 0 | 28151 |
| ISHARES TR | TRS FLT RT BD | 46434V860 |  | 4838174 | 95654 | SH |  | SOLE |  | 890 | 0 | 94764 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 347394 | 707 | SH |  | SOLE |  | 0 | 0 | 707 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 |  | 894105 | 11045 | SH |  | SOLE |  | 1073 | 0 | 9972 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 1089036 | 10805 | SH |  | SOLE |  | 593 | 0 | 10212 |
| ISHARES TR | 20+ YEAR TR BD | 46436E338 |  | 1962136 | 81995 | SH |  | SOLE |  | 809 | 0 | 81186 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 378492 | 12008 | SH |  | SOLE |  | 1262 | 0 | 10746 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 825080 | 2117 | SH |  | SOLE |  | 0 | 0 | 2117 |
| J P MORGAN EXCHANGE TRADED F | INTRNL RES EQT | 46641Q134 |  | 223352 | 2982 | SH |  | SOLE |  | 0 | 0 | 2982 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 |  | 492211 | 10608 | SH |  | SOLE |  | 256 | 0 | 10352 |
| J P MORGAN EXCHANGE TRADED F | CORE PLUS BD ETF | 46641Q670 |  | 1123532 | 23527 | SH |  | SOLE |  | 576 | 0 | 22951 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 1115342 | 19602 | SH |  | SOLE |  | 694 | 0 | 18908 |
| J P MORGAN EXCHANGE TRADED F | NASDAQ EQT PREM | 46654Q203 |  | 2887747 | 48763 | SH |  | SOLE |  | 1532 | 0 | 47231 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 3726416 | 12197 | SH |  | SOLE |  | 347 | 0 | 11850 |
| KKR  CO INC | COM | 48251W104 |  | 739467 | 6238 | SH |  | SOLE |  | 554 | 0 | 5683 |
| LINDE PLC | SHS | G54950103 |  | 558157 | 1292 | SH |  | SOLE |  | 0 | 0 | 1292 |
| MARATHON PETE CORP | COM | 56585A102 |  | 492558 | 2516 | SH |  | SOLE |  | 560 | 0 | 1956 |
| MARTIN MARIETTA MATLS INC | COM | 573284106 |  | 220551 | 358 | SH |  | SOLE |  | 0 | 0 | 358 |
| MARVELL TECHNOLOGY INC | COM | 573874104 |  | 790706 | 8771 | SH |  | SOLE |  | 0 | 0 | 8771 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 470487 | 848 | SH |  | SOLE |  | 0 | 0 | 848 |
| MERCADOLIBRE INC | COM | 58733R102 |  | 731838 | 319 | SH |  | SOLE |  | 0 | 0 | 319 |
| META PLATFORMS INC | CL A | 30303M102 |  | 2247744 | 2990 | SH |  | SOLE |  | 79 | 0 | 2911 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 771902 | 3406 | SH |  | SOLE |  | 325 | 0 | 3081 |
| MICROSOFT CORP | COM | 594918104 |  | 4518647 | 8344 | SH |  | SOLE |  | 263 | 0 | 8081 |
| NETFLIX INC | COM | 64110L106 |  | 584604 | 531 | SH |  | SOLE |  | 0 | 0 | 531 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 1342638 | 16422 | SH |  | SOLE |  | 0 | 0 | 16422 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 7865056 | 37988 | SH |  | SOLE |  | 1941 | 0 | 36047 |
| ORACLE CORP | COM | 68389X105 |  | 881427 | 3202 | SH |  | SOLE |  | 0 | 0 | 3202 |
| PACER FDS TR | US CASH COWS 100 | 69374H881 |  | 1140040 | 19785 | SH |  | SOLE |  | 0 | 0 | 19785 |
| PACER FDS TR | ARISTOTLE PACIFI | 69374H428 |  | 1395082 | 29519 | SH |  | SOLE |  | 0 | 0 | 29519 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 2067460 | 10399 | SH |  | SOLE |  | 1400 | 0 | 8999 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1080454 | 4975 | SH |  | SOLE |  | 323 | 0 | 4652 |
| PEPSICO INC | COM | 713448108 |  | 253029 | 1731 | SH |  | SOLE |  | 0 | 0 | 1731 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 727075 | 4887 | SH |  | SOLE |  | 0 | 0 | 4887 |
| PROLOGIS INC. | COM | 74340W103 |  | 601330 | 4870 | SH |  | SOLE |  | 0 | 0 | 4870 |
| PROSHARES TR | ULTRAPRO QQQ | 74347X831 |  | 613559 | 5087 | SH |  | SOLE |  | 0 | 0 | 5087 |
| REVVITY INC | COM | 714046109 |  | 592290 | 6215 | SH |  | SOLE |  | 0 | 0 | 6215 |
| RTX CORPORATION | COM | 75513E101 |  | 895082 | 5075 | SH |  | SOLE |  | 300 | 0 | 4775 |
| SALESFORCE INC | COM | 79466L302 |  | 383718 | 1526 | SH |  | SOLE |  | 0 | 0 | 1526 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 262969 | 5048 | SH |  | SOLE |  | 0 | 0 | 5048 |
| SERVICENOW INC | COM | 81762P102 |  | 814791 | 894 | SH |  | SOLE |  | 0 | 0 | 894 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 1563083 | 3281 | SH |  | SOLE |  | 0 | 0 | 3281 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 247434 | 682 | SH |  | SOLE |  | 0 | 0 | 682 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 8861248 | 12891 | SH |  | SOLE |  | 0 | 0 | 12891 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 581856 | 977 | SH |  | SOLE |  | 0 | 0 | 977 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 1572904 | 5156 | SH |  | SOLE |  | 35 | 0 | 5120 |
| TESLA INC | COM | 88160R101 |  | 2232014 | 4836 | SH |  | SOLE |  | 471 | 0 | 4365 |
| TMC THE METALS COMPANY INC | COM | 87261Y106 |  | 378400 | 55000 | SH |  | SOLE |  | 5000 | 0 | 50000 |
| TRANE TECHNOLOGIES PLC | SHS | G8994E103 |  | 1174715 | 2748 | SH |  | SOLE |  | 0 | 0 | 2748 |
| TRANSDIGM GROUP INC | COM | 893641100 |  | 702431 | 534 | SH |  | SOLE |  | 0 | 0 | 534 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 250018 | 5694 | SH |  | SOLE |  | 0 | 0 | 5694 |
| TYLER TECHNOLOGIES INC | COM | 902252105 |  | 614708 | 1286 | SH |  | SOLE |  | 0 | 0 | 1286 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 632572 | 6606 | SH |  | SOLE |  | 0 | 0 | 6606 |
| VANECK ETF TRUST | URANIUM AND NUCL | 92189F601 |  | 293952 | 1866 | SH |  | SOLE |  | 0 | 0 | 1866 |
| VANECK ETF TRUST | MRNGSTR WDE MOAT | 92189F643 |  | 8560656 | 84541 | SH |  | SOLE |  | 659 | 0 | 83882 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 40988159 | 81284 | SH |  | SOLE |  | 1002 | 0 | 80282 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 28346824 | 152402 | SH |  | SOLE |  | 1371 | 0 | 151031 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 523579 | 6549 | SH |  | SOLE |  | 0 | 0 | 6549 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 482586 | 3413 | SH |  | SOLE |  | 0 | 0 | 3413 |
| VEEVA SYS INC | CL A COM | 922475108 |  | 617774 | 2155 | SH |  | SOLE |  | 0 | 0 | 2155 |
| VISA INC | COM CL A | 92826C839 |  | 1202678 | 3524 | SH |  | SOLE |  | 432 | 0 | 3092 |
| WILLIAMS COS INC | COM | 969457100 |  | 683076 | 11988 | SH |  | SOLE |  | 0 | 0 | 11988 |

---