# EDGAR Filing Document

**Accession Number:** 0001944877
**File Stem:** 0001944877-26-000001
**Filing Date:** 2026-1
**Character Count:** 15488
**Document Hash:** 14a3d0c539169bf4780f85d0baf698f9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001944877-26-000001.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001944877-26-000001

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**EFFECTIVENESS DATE**: 20260128

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FWG Investments, LLC.
- **CENTRAL INDEX KEY:** 0001944877

**ORGANIZATION NAME:**
- **EIN:** 274466476
- **STATE OF INCORPORATION:** KY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-23896
- **FILM NUMBER:** 26569625

**BUSINESS ADDRESS:**
- **STREET 1:** 2704 OLD ROSEBUD ROAD, SUITE 180
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40509
- **BUSINESS PHONE:** 859-309-0349

**MAIL ADDRESS:**
- **STREET 1:** 2704 OLD ROSEBUD ROAD, SUITE 180
- **CITY:** LEXINGTON
- **STATE:** KY
- **ZIP:** 40509

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Family Wealth Group, LLC
- **DATE OF NAME CHANGE:** 20220831

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**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 Investments LLC.<br>**Address:** 2704 OLD ROSEBUD ROAD SUITE 180<br>LEXINGTON, KY 40509

**Form 13F File Number:** 028-23896

**CRD Number (if applicable):** 000284064

**SEC File Number (if applicable):** 801-112954

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 H Schmidt<br>**Title:** Consultant<br>**Phone:** 8592034734

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

Sarah H Schmidt  Covington, KY  01-28-2026<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:** 111

**Form 13F Information Table Value Total:** $156980474

      (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 |  | 285209 | 1248 | SH |  | SOLE | 0 | 0 | 0 | 1248 |
| ABRDN FDS | EMERGING MKTS DI | 00384X301 |  | 1951438 | 50839 | SH |  | SOLE | 0 | 0 | 0 | 50839 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US EQU | 00888H521 |  | 4781500 | 174571 | SH |  | SOLE | 0 | 0 | 0 | 174571 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US EQU | 00888H539 |  | 286451 | 9895 | SH |  | SOLE | 0 | 0 | 0 | 9895 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US EQT | 00888H547 |  | 289900 | 10186 | SH |  | SOLE | 0 | 0 | 0 | 10186 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM EQ BUF | 00888H570 |  | 1728409 | 58176 | SH |  | SOLE | 0 | 0 | 0 | 58176 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US EQU | 00888H653 |  | 1102528 | 37235 | SH |  | SOLE | 0 | 0 | 0 | 37235 |
| AIM ETF PRODUCTS TRUST | ALLIANZIM US LRG | 00888H695 |  | 3021960 | 85940 | SH |  | SOLE | 0 | 0 | 0 | 85940 |
| AIM ETF PRODUCTS TRUST | US LRGCP B10 DEC | 00888H836 |  | 3645544 | 99442 | SH |  | SOLE | 0 | 0 | 0 | 99442 |
| AIM ETF PRODUCTS TRUST | U S LRGCP 6M APR | 00888H877 |  | 4403972 | 126806 | SH |  | SOLE | 0 | 0 | 0 | 126806 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 321758 | 1025 | SH |  | SOLE | 0 | 0 | 0 | 1025 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 233239 | 745 | SH |  | SOLE | 0 | 0 | 0 | 745 |
| BLACKROCK ETF TRUST | ISHARES US EQUIT | 09290C103 |  | 1790930 | 29451 | SH |  | SOLE | 0 | 0 | 0 | 29451 |
| BLACKROCK ETF TRUST | ISHARES A I INNO | 09290C780 |  | 599561 | 18005 | SH |  | SOLE | 0 | 0 | 0 | 18005 |
| BLACKROCK ETF TRUST | ISHARES US THEMA | 09290C806 |  | 562922 | 14599 | SH |  | SOLE | 0 | 0 | 0 | 14599 |
| BONDBLOXX ETF TRUST | BLOOMBERG TEN YR | 09789C812 |  | 227802 | 4929 | SH |  | SOLE | 0 | 0 | 0 | 4929 |
| BROADCOM INC | COM | 11135F101 |  | 390504 | 1128 | SH |  | SOLE | 0 | 0 | 0 | 1128 |
| CAPITOL SER TR | STERLING CAP ENH | 14064D444 |  | 6433077 | 253720 | SH |  | SOLE | 0 | 0 | 0 | 253720 |
| DIREXION SHS ETF TR | DAILY AVGO BULL | 25461A569 |  | 201280 | 4565 | SH |  | SOLE | 0 | 0 | 0 | 4565 |
| DIREXION SHS ETF TR | DAILY NVDA 2X SH | 25461A833 |  | 215209 | 1828 | SH |  | SOLE | 0 | 0 | 0 | 1828 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQUIT | 33740F136 |  | 671695 | 20569 | SH |  | SOLE | 0 | 0 | 0 | 20569 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740F557 |  | 2777869 | 87246 | SH |  | SOLE | 0 | 0 | 0 | 87246 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740F581 |  | 1591794 | 48234 | SH |  | SOLE | 0 | 0 | 0 | 48234 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F599 |  | 1263186 | 26613 | SH |  | SOLE | 0 | 0 | 0 | 26613 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F623 |  | 1570006 | 30338 | SH |  | SOLE | 0 | 0 | 0 | 30338 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740F649 |  | 2167571 | 66633 | SH |  | SOLE | 0 | 0 | 0 | 66633 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F664 |  | 2496155 | 50952 | SH |  | SOLE | 0 | 0 | 0 | 50952 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F722 |  | 2630181 | 46095 | SH |  | SOLE | 0 | 0 | 0 | 46095 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F748 |  | 1770371 | 33122 | SH |  | SOLE | 0 | 0 | 0 | 33122 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F763 |  | 1101655 | 19457 | SH |  | SOLE | 0 | 0 | 0 | 19457 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F847 |  | 1633174 | 29786 | SH |  | SOLE | 0 | 0 | 0 | 29786 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740F862 |  | 1264075 | 23873 | SH |  | SOLE | 0 | 0 | 0 | 23873 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U208 |  | 1543014 | 27595 | SH |  | SOLE | 0 | 0 | 0 | 27595 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U307 |  | 1550358 | 30069 | SH |  | SOLE | 0 | 0 | 0 | 30069 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST UQ EQT | 33740U505 |  | 1712803 | 33464 | SH |  | SOLE | 0 | 0 | 0 | 33464 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S EQT | 33740U695 |  | 839627 | 21370 | SH |  | SOLE | 0 | 0 | 0 | 21370 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST U.S EQT | 33740U711 |  | 1025758 | 26478 | SH |  | SOLE | 0 | 0 | 0 | 26478 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST NAS | 33740U836 |  | 1170719 | 36955 | SH |  | SOLE | 0 | 0 | 0 | 36955 |
| FIRST TR EXCHNG TRADED FD VI | FT VEST US EQT | 33740U885 |  | 607539 | 13677 | SH |  | SOLE | 0 | 0 | 0 | 13677 |
| GLOBAL X FDS | DEFENSE TECH ETF | 37960A529 |  | 313046 | 4832 | SH |  | SOLE | 0 | 0 | 0 | 4832 |
| IDEXX LABS INC | COM | 45168D104 |  | 216490 | 320 | SH |  | SOLE | 0 | 0 | 0 | 320 |
| INNOVATOR ETFS TRUST | US EQTY BUF DEC | 45782C557 |  | 631246 | 12737 | SH |  | SOLE | 0 | 0 | 0 | 12737 |
| INNOVATOR ETFS TRUST | GROWTH 100 PWR B | 45784N841 |  | 270808 | 9764 | SH |  | SOLE | 0 | 0 | 0 | 9764 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 913916 | 1488 | SH |  | SOLE | 0 | 0 | 0 | 1488 |
| INVESCO EXCHANGE TRADED FD T | S 500 TOP 50 | 46137V233 |  | 1560823 | 26330 | SH |  | SOLE | 0 | 0 | 0 | 26330 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 1044767 | 5260 | SH |  | SOLE | 0 | 0 | 0 | 5260 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 739546 | 2955 | SH |  | SOLE | 0 | 0 | 0 | 2955 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 236139 | 2640 | SH |  | SOLE | 0 | 0 | 0 | 2640 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 4845738 | 72088 | SH |  | SOLE | 0 | 0 | 0 | 72088 |
| ISHARES TR | CORE UNIVRSL USD | 46434V613 |  | 1056718 | 22706 | SH |  | SOLE | 0 | 0 | 0 | 22706 |
| ISHARES TR | CORE MSCI INTL | 46435G326 |  | 2592390 | 31431 | SH |  | SOLE | 0 | 0 | 0 | 31431 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 261591 | 812 | SH |  | SOLE | 0 | 0 | 0 | 812 |
| MERCK  CO INC | COM | 58933Y105 |  | 265017 | 2518 | SH |  | SOLE | 0 | 0 | 0 | 2518 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 880762 | 4723 | SH |  | SOLE | 0 | 0 | 0 | 4723 |
| PIMCO ETF TR | ULTRA SHORT GOVT | 72201R577 |  | 1278037 | 12683 | SH |  | SOLE | 0 | 0 | 0 | 12683 |
| PROSPECT CAP CORP | COM | 74348T102 |  | 38625 | 14913 | SH |  | SOLE | 0 | 0 | 0 | 14913 |
| S GLOBAL INC | COM | 78409V104 |  | 201395 | 385 | SH |  | SOLE | 0 | 0 | 0 | 385 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 585519 | 859 | SH |  | SOLE | 0 | 0 | 0 | 859 |
| SPDR INDEX SHS FDS | PORTFOLIO DEVLPD | 78463X889 |  | 1125172 | 25336 | SH |  | SOLE | 0 | 0 | 0 | 25336 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A409 |  | 423545 | 3969 | SH |  | SOLE | 0 | 0 | 0 | 3969 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A508 |  | 423964 | 7463 | SH |  | SOLE | 0 | 0 | 0 | 7463 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A649 |  | 934617 | 36296 | SH |  | SOLE | 0 | 0 | 0 | 36296 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A664 |  | 573515 | 21667 | SH |  | SOLE | 0 | 0 | 0 | 21667 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A854 |  | 1719836 | 21439 | SH |  | SOLE | 0 | 0 | 0 | 21439 |
| SSGA ACTIVE TR | STATE STREET US | 78470P408 |  | 590001 | 9469 | SH |  | SOLE | 0 | 0 | 0 | 9469 |
| SSGA ACTIVE TR | STATE STREET FIX | 78470P507 |  | 221926 | 8565 | SH |  | SOLE | 0 | 0 | 0 | 8565 |
| SHOPIFY INC | CL A SUB VTG SHS | 82509L107 |  | 378762 | 2353 | SH |  | SOLE | 0 | 0 | 0 | 2353 |
| TESLA INC | COM | 88160R101 |  | 518374 | 1153 | SH |  | SOLE | 0 | 0 | 0 | 1153 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 254704 | 5271 | SH |  | SOLE | 0 | 0 | 0 | 5271 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | 92206C102 |  | 784661 | 13360 | SH |  | SOLE | 0 | 0 | 0 | 13360 |
| VANGUARD SCOTTSDALE FDS | VNG RUS2000IDX | 92206C664 |  | 780783 | 7845 | SH |  | SOLE | 0 | 0 | 0 | 7845 |
| VANGUARD SCOTTSDALE FDS | VNG RUS1000VAL | 92206C714 |  | 448834 | 4863 | SH |  | SOLE | 0 | 0 | 0 | 4863 |
| WORLD GOLD TR | SPDR GLD MINIS | 98149E303 |  | 429753 | 5034 | SH |  | SOLE | 0 | 0 | 0 | 5034 |
| AMAZON COM INC | COM | 023135106 |  | 533989 | 2313 | SH |  | SOLE | 0 | 0 | 0 | 2313 |
| APPLE INC | COM | 037833100 |  | 1771783 | 6517 | SH |  | SOLE | 0 | 0 | 0 | 6517 |
| ELEVATION SERIES TRUST | TRUESHARES QUART | 210322509 |  | 2019997 | 84272 | SH |  | SOLE | 0 | 0 | 0 | 84272 |
| ELEVATION SERIES TRUST | TRUESHARES SEASO | 210322608 |  | 2242882 | 86364 | SH |  | SOLE | 0 | 0 | 0 | 86364 |
| ELEVATION SERIES TRUST | TRUESHARES STRCD | 210322681 |  | 568924 | 14930 | SH |  | SOLE | 0 | 0 | 0 | 14930 |
| ELEVATION SERIES TRUST | TRUESHARES DEC | 210322764 |  | 299326 | 7434 | SH |  | SOLE | 0 | 0 | 0 | 7434 |
| ELEVATION SERIES TRUST | TRUESHARES STRUC | 210322798 |  | 1403435 | 33210 | SH |  | SOLE | 0 | 0 | 0 | 33210 |
| HOME DEPOT INC | COM | 437076102 |  | 219331 | 637 | SH |  | SOLE | 0 | 0 | 0 | 637 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 2034610 | 17134 | SH |  | SOLE | 0 | 0 | 0 | 17134 |
| ISHARES TR | S 100 ETF | 464287101 |  | 1159014 | 3379 | SH |  | SOLE | 0 | 0 | 0 | 3379 |
| ISHARES TR | CORE S ETF | 464287200 |  | 728575 | 1064 | SH |  | SOLE | 0 | 0 | 0 | 1064 |
| ISHARES TR | S 500 GRWT ETF | 464287309 |  | 1469689 | 11923 | SH |  | SOLE | 0 | 0 | 0 | 11923 |
| ISHARES TR | S 500 VAL ETF | 464287408 |  | 1627880 | 7676 | SH |  | SOLE | 0 | 0 | 0 | 7676 |
| ISHARES TR | RUS MDCP VAL ETF | 464287473 |  | 1513904 | 10733 | SH |  | SOLE | 0 | 0 | 0 | 10733 |
| ISHARES TR | RUS MD CP GR ETF | 464287481 |  | 351164 | 2564 | SH |  | SOLE | 0 | 0 | 0 | 2564 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 454459 | 6886 | SH |  | SOLE | 0 | 0 | 0 | 6886 |
| ISHARES TR | S MC 400VL ETF | 464287705 |  | 426670 | 3242 | SH |  | SOLE | 0 | 0 | 0 | 3242 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 508517 | 4231 | SH |  | SOLE | 0 | 0 | 0 | 4231 |
| ISHARES TR | MBS ETF | 464288588 |  | 259180 | 2722 | SH |  | SOLE | 0 | 0 | 0 | 2722 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 1728259 | 24202 | SH |  | SOLE | 0 | 0 | 0 | 24202 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 1604354 | 14083 | SH |  | SOLE | 0 | 0 | 0 | 14083 |
| ISHARES TR | RUS TP200 VL ETF | 464289420 |  | 2826213 | 30767 | SH |  | SOLE | 0 | 0 | 0 | 30767 |
| ISHARES TR | RUS TP200 GR ETF | 464289438 |  | 4860089 | 17549 | SH |  | SOLE | 0 | 0 | 0 | 17549 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 517836 | 5782 | SH |  | SOLE | 0 | 0 | 0 | 5782 |
| MICROSOFT CORP | COM | 594918104 |  | 882141 | 1824 | SH |  | SOLE | 0 | 0 | 0 | 1824 |
| PROGRESSIVE CORP | COM | 743315103 |  | 324501 | 1425 | SH |  | SOLE | 0 | 0 | 0 | 1425 |
| SCHWAB STRATEGIC TR | INTL EQTY ETF | 808524805 |  | 870266 | 36201 | SH |  | SOLE | 0 | 0 | 0 | 36201 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 226385 | 1336 | SH |  | SOLE | 0 | 0 | 0 | 1336 |
| VANGUARD STAR FDS | VG TL INTL STK F | 921909768 |  | 327299 | 4339 | SH |  | SOLE | 0 | 0 | 0 | 4339 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 472740 | 6382 | SH |  | SOLE | 0 | 0 | 0 | 6382 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 400599 | 2791 | SH |  | SOLE | 0 | 0 | 0 | 2791 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 18289266 | 29163 | SH |  | SOLE | 0 | 0 | 0 | 29163 |
| VANGUARD INDEX FDS | MCAP GR IDXVIP | 922908538 |  | 578159 | 2071 | SH |  | SOLE | 0 | 0 | 0 | 2071 |
| VANGUARD INDEX FDS | SM CP VAL ETF | 922908611 |  | 592068 | 2796 | SH |  | SOLE | 0 | 0 | 0 | 2796 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 11780071 | 24146 | SH |  | SOLE | 0 | 0 | 0 | 24146 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 445468 | 2332 | SH |  | SOLE | 0 | 0 | 0 | 2332 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 657829 | 1962 | SH |  | SOLE | 0 | 0 | 0 | 1962 |
| WALMART INC | COM | 931142103 |  | 601839 | 5402 | SH |  | SOLE | 0 | 0 | 0 | 5402 |

---