Financial Management Network Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Financial Management Network Inc. reported 154 stock positions worth $396.8 million. Its top holding was Vaneck Morningstar Wide Moat (MOAT) at 9.9% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 8.3%) and PCR US SM CP CSH CWS ETF-Usd (CALF, 4.7%). Compared with Q4 2023, it opened 27 new positions, sold out of 9, added to 61 and reduced 59. The biggest buy was a new position in Alerian MLP ETF (AMLP) and the biggest sale PCR US SM CP CSH CWS ETF-Usd (CALF, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $396.8M (Q1 2024)
- SEC Filing
- 0001754960-24-000165 ↗ filed Apr 22, 2024
Holdings Value
Holdings 154 stocks · $396.8M
| MOAT Vaneck Morningstar Wide Moat | 9.95% | 452,470 | $39.5M | Add +1.2% |
| IVV iShares Core S&P 500 ETF | 8.32% | 64,044 | $33.0M | Reduce -0.8% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 4.70% | 387,924 | $18.6M | Reduce -10.1% |
| SMOT Vaneck Morningstar Smid Moat | 4.10% | 492,649 | $16.3M | Add +7.1% |
| GCOW Pacer Global Cash Cows Divid | 3.93% | 449,818 | $15.6M | Add +5.0% |
| IJH iShares Core S&P Midcap ETF | 3.89% | 261,085 | $15.4M | Add +1.7% |
| AVDV Avantis Intl S/C Value ETF | 3.60% | 217,537 | $14.3M | Add +14.1% |
| IJR iShares Core S&P Small-Cap E | 2.83% | 104,618 | $11.2M | Add +17.1% |
| AAPL Apple Inc. | 2.65% | 62,366 | $10.5M | Reduce -1.7% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.58% | 401,601 | $10.2M | Add +1.7% |
| SHV iShares 0-1 Year Treasury Bo | 2.44% | 87,733 | $9.7M | Add +9.2% |
| VHT Vanguard Health Care ETF | 2.17% | 33,105 | $8.6M | Reduce -1.2% |
| VCIT Vanguard Int-Term Corporate | 1.82% | 90,328 | $7.2M | Add +68.3% |
| MSFT Microsoft Corp. | 1.79% | 16,961 | $7.1M | Add +0.0% |
| AVUV Avantis US Small Cap Value | 1.74% | 75,754 | $6.9M | Add +72.7% |
| IVW iShares S&P 500 Growth ETF | 1.63% | 77,811 | $6.5M | Reduce -3.1% |
| NVDA Nvidia Corp. | 1.54% | 7,118 | $6.1M | Reduce -2.4% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.53% | 120,777 | $6.1M | Add +8.4% |
| V Visa Inc. Class A | 1.38% | 19,981 | $5.5M | Add +1.5% |
| COWZ Pacer US Cash Cows 100 ETF | 1.36% | 94,196 | $5.4M | Reduce -1.7% |
| DURA Vaneck Durable High Dividend | 1.33% | 167,872 | $5.3M | Reduce -13.3% |
| AMZN Amazon.com Inc. | 1.31% | 28,948 | $5.2M | Add +0.8% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.15% | 161,081 | $4.6M | Reduce -3.7% |
| AMLP Alerian MLP ETF | 1.11% | 92,223 | $4.4M | New |
| FFLG Fidelity Fndmntl L/C GRW ETF | 0.97% | 178,926 | $3.9M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.95% | 5,347 | $3.8M | New |
| ARCC Ares Capital Corp. | 0.92% | 179,185 | $3.6M | New |
| VIG Vanguard Dividend Apprec ETF | 0.83% | 18,478 | $3.3M | Reduce -1.2% |
| STXK Strive Small-Cap ETF | 0.79% | 108,666 | $3.2M | Add +84.7% |
| IAU iShares Gold Trust | 0.70% | 64,160 | $2.8M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 0.69% | 18,254 | $2.7M | Reduce -4.7% |
| GOOG Alphabet Inc. Class C | 0.69% | 17,962 | $2.7M | Reduce -1.8% |
| SPG Simon Property Group Inc. | 0.66% | 17,570 | $2.6M | Reduce -8.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.65% | 5,949 | $2.6M | Reduce -10.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.63% | 4 | $2.5M | No change |
| FBRT Franklin BSP Realty Trust Inc. | 0.59% | 181,260 | $2.3M | Reduce -13.6% |
| DRLL Strive US Energy ETF | 0.55% | 67,454 | $2.2M | Reduce -12.0% |
| VNQ Vanguard Real Estate ETF | 0.54% | 25,530 | $2.1M | Reduce -0.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 0.54% | 40,828 | $2.1M | New |
| STXE Strive Em Markets Ex-China | 0.53% | 73,440 | $2.1M | Add +168.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.50% | 4,798 | $2.0M | New |
| BIZD Vaneck BDC Income ETF | 0.50% | 122,562 | $2.0M | Add +4.5% |
| CVX Chevron Corp. | 0.50% | 12,287 | $2.0M | Reduce -11.8% |
| WINN Harbor Long-Term Growers ETF | 0.50% | 85,415 | $2.0M | Add +33.6% |
| JEPI JPMorgan Equity Premium Inco | 0.49% | 34,549 | $2.0M | Add +37.6% |
| HD Home Depot Inc. | 0.49% | 5,407 | $1.9M | Reduce -2.0% |
| CGSD Cap Group Short Duration | 0.48% | 74,958 | $1.9M | Add +8.1% |
| STXF Strive 500 ETF | 0.41% | 49,830 | $1.6M | Add +15.9% |
| TSLA Tesla Inc. | 0.41% | 9,586 | $1.6M | Reduce -0.2% |
| GLD SPDR Gold Shares | 0.40% | 7,410 | $1.6M | Add +1.4% |
| BA The Boeing Co. | 0.39% | 8,543 | $1.6M | Reduce -1.8% |
| DON Wisdomtree US Midcap Dividen | 0.36% | 30,142 | $1.4M | Add +2.7% |
| ADBE Adobe Inc. | 0.36% | 2,931 | $1.4M | Add +6.6% |
| VDE Vanguard Energy ETF | 0.36% | 10,453 | $1.4M | Add +4.3% |
| JPM JPMorgan Chase & Co. | 0.35% | 7,149 | $1.4M | Reduce -5.0% |
| IWF iShares Russell 1000 Growth | 0.35% | 4,214 | $1.4M | Reduce -0.0% |
| MCD McDonald's Corp. | 0.34% | 4,923 | $1.3M | Reduce -5.2% |
| META Meta Platforms Inc. Class A | 0.30% | 2,307 | $1.2M | Reduce -0.1% |
| SDY SS SPDR S&P Dividend ETF | 0.28% | 8,795 | $1.1M | Reduce -0.8% |
| FUTY Fidelity MSCI US Utilities | 0.28% | 26,761 | $1.1M | Reduce -11.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.28% | 4,330 | $1.1M | Add +2.8% |
| KKR KKR & Co. Inc. | 0.26% | 10,495 | $1.0M | Add +9.6% |
| IJT iShares S&P Small-Cap 600 GR | 0.26% | 8,046 | $1.0M | Reduce -2.8% |
| CAT Caterpillar Inc. | 0.26% | 2,736 | $1.0M | Reduce -4.6% |
| MA Mastercard Inc. Class A | 0.25% | 2,144 | $1.0M | Add +6.1% |
| XOM Exxon Mobil Corp. | 0.25% | 8,363 | $1.0M | Reduce -4.2% |
| LLY Eli Lilly & Co. | 0.25% | 1,283 | $985K | Add +19.1% |
| TBLD Thornburg Income Builder Opp | 0.24% | 60,089 | $960K | Add +0.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.24% | 15,669 | $946K | Reduce -12.7% |
| HON Honeywell International Inc. | 0.24% | 4,811 | $943K | Add +0.0% |
| BX Blackstone Inc. | 0.23% | 7,242 | $913K | New |
| PTNQ Pacer Trendpilot 100 ETF | 0.23% | 13,408 | $912K | Add +50.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.22% | 16,659 | $866K | Reduce -11.8% |
| CGCP Cap Group Core Plus Income | 0.20% | 36,324 | $812K | Add +16.9% |
| EW Edwards Lifesciences Corp. | 0.19% | 8,447 | $770K | Reduce -4.1% |
| ROK Rockwell Automation Inc. | 0.19% | 2,784 | $769K | Reduce -5.7% |
| IWS iShares Russell Mid-Cap Valu | 0.19% | 6,274 | $768K | Add +1.6% |
| OSEA Harbor Intl Compounders ETF | 0.19% | 28,180 | $761K | New |
| VEA Vanguard Ftse Developed ETF | 0.18% | 14,183 | $702K | Reduce -1.4% |
| VOO Vanguard S&P 500 ETF | 0.18% | 1,483 | $699K | Add +0.5% |
| AXP American Express Co. | 0.17% | 3,163 | $695K | Reduce -4.9% |
| PANW Palo Alto Networks Inc. | 0.17% | 2,602 | $690K | Add +4.0% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.17% | 16,236 | $684K | Add +9.9% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.17% | 5,746 | $673K | Reduce -14.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.17% | 2,363 | $665K | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 1,266 | $649K | Reduce -0.6% |
| CLOI Vaneck Clo ETF | 0.16% | 11,955 | $628K | Add +93.9% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.15% | 14,630 | $611K | Reduce -15.6% |
| O Realty Income Corp. | 0.15% | 11,573 | $609K | Reduce -22.9% |
| APO Apollo Global Management Inc. | 0.15% | 5,348 | $594K | New |
| AMGN Amgen Inc. | 0.15% | 2,214 | $594K | Add +0.1% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.15% | 4,242 | $586K | Add +0.6% |
| USMV iShares MSCI USA Min Vol Fac | 0.15% | 7,118 | $583K | Reduce -5.1% |
| XLE SS Energy Select Sector | 0.15% | 5,990 | $581K | Reduce -7.5% |
| FDEV Fidelity Intl Multifact ETF | 0.15% | 21,358 | $578K | Reduce -22.2% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 14,204 | $524K | Reduce -2.9% |
| CGGR Cap Group Growth Equity | 0.13% | 15,949 | $504K | Reduce -3.9% |
| IWM iShares Russell 2000 ETF | 0.12% | 2,424 | $494K | Add +0.2% |
| MAC The Macerich Co. | 0.12% | 30,496 | $485K | Reduce -12.7% |
| SCHX Schwab US Large-Cap ETF | 0.12% | 7,961 | $485K | Add +0.3% |
Portfolio Sells Q4 2023 → Q1 2024
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -10.1% | 4.70% | −1.19 |
| AAPL Apple Inc. | Reduce -1.7% | 2.65% | −0.70 |
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 8.32% | −0.54 |
| DURA Vaneck Durable High Dividend | Reduce -13.3% | 1.33% | −0.44 |
| VHT Vanguard Health Care ETF | Reduce -1.2% | 2.17% | −0.32 |
| TSLA Tesla Inc. | Reduce -0.2% | 0.41% | −0.25 |
| BA The Boeing Co. | Reduce -1.8% | 0.39% | −0.24 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -13.6% | 0.59% | −0.23 |
| SPG Simon Property Group Inc. | Reduce -8.6% | 0.66% | −0.13 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -10.3% | 0.65% | −0.12 |
| CVX Chevron Corp. | Reduce -11.8% | 0.50% | −0.11 |
| VNQ Vanguard Real Estate ETF | Reduce -0.1% | 0.54% | −0.11 |
| MCD McDonald's Corp. | Reduce -5.2% | 0.34% | −0.10 |
| O Realty Income Corp. | Reduce -22.9% | 0.15% | −0.10 |
| VIG Vanguard Dividend Apprec ETF | Reduce -1.2% | 0.83% | −0.09 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.09 |
| DRLL Strive US Energy ETF | Reduce -12.0% | 0.55% | −0.09 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -1.7% | 1.36% | −0.09 |
| FUTY Fidelity MSCI US Utilities | Reduce -11.7% | 0.28% | −0.08 |
| IVW iShares S&P 500 Growth ETF | Reduce -3.1% | 1.63% | −0.08 |
| DVN Devon Energy Corp. | Sold out | 0.00% | −0.08 |
| CGGO Cap Group Global Growth | Reduce -3.7% | 1.15% | −0.08 |
| ROK Rockwell Automation Inc. | Reduce -5.7% | 0.19% | −0.07 |
| MOBIX LABS INC | Sold out | 0.00% | −0.07 |
| FDEV Fidelity Intl Multifact ETF | Reduce -22.2% | 0.15% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -4.7% | 0.69% | −0.07 |
| HD Home Depot Inc. | Reduce -2.0% | 0.49% | −0.07 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.06 |
| REET iShares Global REIT ETF | Reduce -39.4% | 0.06% | −0.06 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -15.6% | 0.15% | −0.05 |
| HR Healthcare Realty Trust Inc. | Sold out | 0.00% | −0.05 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -12.7% | 0.24% | −0.05 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -30.4% | 0.10% | −0.05 |
| GOOG Alphabet Inc. Class C | Reduce -1.8% | 0.69% | −0.05 |
| EYENOVIA INC | Sold out | 0.00% | −0.04 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -11.8% | 0.22% | −0.04 |
| GWX State Street SPDR S&P Intern | Reduce -39.1% | 0.05% | −0.04 |
| XLI SS Industrial Select Sector | Reduce -32.5% | 0.08% | −0.04 |
| NKE Nike Inc. Class B | Reduce -9.6% | 0.09% | −0.04 |
| F Ford Motor Co. | Sold out | 0.00% | −0.04 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.8% | 0.28% | −0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -31.7% | 0.08% | −0.04 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -2.8% | 0.26% | −0.03 |
| MAC The Macerich Co. | Reduce -12.7% | 0.12% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -19.3% | 0.07% | −0.03 |
| RKLB Rocket Lab USA Inc. | Sold out | 0.00% | −0.03 |
| IWN iShares Russell 2000 Value E | Reduce -10.3% | 0.10% | −0.03 |
| PFO Flaherty & Crumrine P&I Opp | Sold out | 0.00% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -5.0% | 0.35% | −0.03 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -5.1% | 0.15% | −0.02 |
Portfolio Buys Q4 2023 → Q1 2024
| AMLP Alerian MLP ETF | New | 1.11% | +1.11 |
| COST Costco Wholesale Corp. | New | 0.95% | +0.95 |
| ARCC Ares Capital Corp. | New | 0.92% | +0.92 |
| AVUV Avantis US Small Cap Value | Add +72.7% | 1.74% | +0.62 |
| VCIT Vanguard Int-Term Corporate | Add +68.3% | 1.82% | +0.56 |
| BINC iShares Flex I A ETF-Usd Inc. | New | 0.54% | +0.54 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.50% | +0.50 |
| STXE Strive Em Markets Ex-China | Add +168.8% | 0.53% | +0.31 |
| STXK Strive Small-Cap ETF | Add +84.7% | 0.79% | +0.31 |
| BX Blackstone Inc. | New | 0.23% | +0.23 |
| OSEA Harbor Intl Compounders ETF | New | 0.19% | +0.19 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | New | 0.17% | +0.17 |
| AVDV Avantis Intl S/C Value ETF | Add +14.1% | 3.60% | +0.16 |
| APO Apollo Global Management Inc. | New | 0.15% | +0.15 |
| WINN Harbor Long-Term Growers ETF | Add +33.6% | 0.50% | +0.12 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.12% | +0.12 |
| CSCO Cisco Systems Inc. | New | 0.11% | +0.11 |
| IJR iShares Core S&P Small-Cap E | Add +17.1% | 2.83% | +0.10 |
| AMZN Amazon.com Inc. | Add +0.8% | 1.31% | +0.10 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.10% | +0.10 |
| JEPI JPMorgan Equity Premium Inco | Add +37.6% | 0.49% | +0.09 |
| LEN Lennar Corp. Class A | New | 0.09% | +0.09 |
| PG The Procter & Gamble Co. | New | 0.09% | +0.09 |
| SBUX Starbucks Corp. | New | 0.07% | +0.07 |
| SCI Service Corp. International | New | 0.07% | +0.07 |
| WMT Walmart Inc. | New | 0.07% | +0.07 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.06% | +0.06 |
| CLOI Vaneck Clo ETF | Add +93.9% | 0.16% | +0.06 |
| PTNQ Pacer Trendpilot 100 ETF | Add +50.8% | 0.23% | +0.06 |
| UBER Uber Technologies Inc. | New | 0.06% | +0.06 |
| TGT Target Corp. | New | 0.06% | +0.06 |
| NFLX Netflix Inc. | New | 0.06% | +0.06 |
| UNH Unitedhealth Group Inc. | New | 0.06% | +0.06 |
| LLY Eli Lilly & Co. | Add +19.1% | 0.25% | +0.05 |
| CRM Salesforce Inc. | New | 0.05% | +0.05 |
| WFC Wells Fargo & Co. | New | 0.05% | +0.05 |
| KEYS Keysight Technologies Inc. | New | 0.05% | +0.05 |
| FDX FedEx Corp. | New | 0.05% | +0.05 |
| GDX Vaneck Gold Miners ETF | New | 0.05% | +0.05 |
| STXF Strive 500 ETF | Add +15.9% | 0.41% | +0.04 |
| KKR KKR & Co. Inc. | Add +9.6% | 0.26% | +0.03 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Add +0.8% | 0.97% | +0.02 |
| VDE Vanguard Energy ETF | Add +4.3% | 0.36% | +0.01 |
| QCOM Qualcomm Inc. | Add +1.5% | 0.11% | +0.01 |
| PSX Phillips 66 | Add +0.1% | 0.09% | +0.01 |
| MA Mastercard Inc. Class A | Add +6.1% | 0.25% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.3% | 0.10% | +0.00 |
| CGCP Cap Group Core Plus Income | Add +16.9% | 0.20% | +0.00 |
| SMOT Vaneck Morningstar Smid Moat | Add +7.1% | 4.10% | −0.00 |
| COP Conocophillips | Add +0.3% | 0.07% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 211 | $696.8M | IVV, AVUV, AVLV, IJH, IJR |
| Q1 2026 | 191 | $653.0M | IVV, MOAT, AVUV, IJH, IJR |
| Q4 2025 | 186 | $632.0M | IVV, MOAT, AVUV, IJH, IJR |
| Q3 2025 | 186 | $606.4M | IVV, MOAT, IJH, AVUV, IJR |
| Q2 2025 | 176 | $558.1M | IVV, MOAT, IJH, IJR, SMOT |
| Q1 2025 | 153 | $444.4M | IVV, MOAT, IJH, SMOT, IJR |
| Q4 2024 | 160 | $481.1M | IVV, MOAT, IJH, SMOT, AAPL |
| Q3 2024 | 171 | $477.1M | MOAT, IVV, SMOT, IJH, GCOW |
| Q2 2024 | 149 | $416.7M | MOAT, IVV, SMOT, IJH, GCOW |
| Q1 2024 | 154 | $396.8M | MOAT, IVV, CALF, SMOT, GCOW |