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

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $396.8M $396.8M Q1 2024 Q2 2024: $416.7M Q2 2024 Q3 2024: $477.1M Q3 2024 Q4 2024: $481.1M Q4 2024 Q1 2025: $444.4M Q1 2025 Q2 2025: $558.1M Q2 2025 Q3 2025: $606.4M Q3 2025 Q4 2025: $632.0M Q4 2025 Q1 2026: $653.0M Q1 2026 Q2 2026: $696.8M Q2 2026

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%
RWT HOLDINGS INC (RWT 5.75 10/01/25) filed as RWT HLDGS INC 0.12% 500,000 $482K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.12% 13,149 $465K New
JNJ Johnson & Johnson 0.12% 3,048 $465K Add +0.7%
PEP Pepsico Inc. 0.12% 2,712 $460K Add +0.1%
AVGO Broadcom Inc. 0.11% 343 $452K Reduce -0.9%
OXY Occidental Petroleum Corp. 0.11% 6,497 $439K Reduce -2.6%
QCOM Qualcomm Inc. 0.11% 2,552 $433K Add +1.5%
CSCO Cisco Systems Inc. 0.11% 8,710 $419K New
ITOT iShares Core S&P Total U.S. 0.10% 3,680 $416K Add +1.1%
IWN iShares Russell 2000 Value E 0.10% 2,694 $415K Reduce -10.3%
ISRG Intuitive Surgical Inc. 0.10% 1,095 $415K No change
SPYG SS SPDR P S&P 500 Growth ETF 0.10% 5,579 $401K Reduce -30.4%
ABBV Abbvie Inc. 0.10% 2,379 $399K Add +0.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.10% 2,083 $391K Add +0.3%
INTC Intel Corp. 0.10% 9,715 $386K Add +0.1%
VUG Vanguard Mrngstar GR ETF-Sui 0.10% 1,142 $386K Add +1.1%
XOP SS SPDR S&P Og Exp & Prod 0.10% 2,385 $379K New
PSX Phillips 66 0.09% 2,193 $374K Add +0.1%
EAGG iShares ESG Aware US Aggrega 0.09% 7,903 $369K Reduce -6.0%
LEN Lennar Corp. Class A 0.09% 2,091 $342K New
NKE Nike Inc. Class B 0.09% 3,831 $341K Reduce -9.6%
PG The Procter & Gamble Co. 0.09% 2,195 $341K New
ECOW Pacer Emerging Markets Cash 0.08% 16,403 $335K Add +0.1%
NVO Novo-Nordisk A/S-Spons ADR 0.08% 2,594 $322K Reduce -31.7%
YUM Yum! Brands Inc. 0.08% 2,357 $321K No change
XLI SS Industrial Select Sector 0.08% 2,496 $309K Reduce -32.5%
UNP Union Pacific Corp. 0.08% 1,239 $298K Reduce -1.8%
COP Conocophillips 0.07% 2,239 $295K Add +0.3%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.07% 2,510 $292K Add +0.0%
VZ Verizon Communications Inc. 0.07% 6,772 $287K Reduce -0.1%
GS Goldman Sachs Group Inc. 0.07% 693 $282K Add +3.7%
SBUX Starbucks Corp. 0.07% 3,204 $281K New
ESGU iShares ESG Aware MSCI USA 0.07% 2,488 $281K Add +0.4%
SCI Service Corp. International 0.07% 3,805 $273K New
IUSG iShares Core S&P U.S. Growth 0.07% 2,286 $263K No change
WMT Walmart Inc. 0.07% 4,357 $259K New
LMT Lockheed Martin Corp. 0.07% 570 $259K Reduce -19.3%
PH Parker Hannifin Corp. 0.07% 464 $258K No change
SPYV SS SPDR P S&P 500 Value ETF 0.06% 5,252 $257K New
ABT Abbott Laboratories 0.06% 2,271 $250K Add +0.3%
UBER Uber Technologies Inc. 0.06% 3,158 $237K New
REET iShares Global REIT ETF 0.06% 10,210 $234K Reduce -39.4%
TGT Target Corp. 0.06% 1,345 $232K New
SCHA Schwab US Small-Cap ETF 0.06% 4,742 $226K Add +0.2%
NFLX Netflix Inc. 0.06% 363 $224K New
UNH Unitedhealth Group Inc. 0.06% 491 $223K New
SCHM Schwab US Mid Cap ETF 0.05% 2,743 $218K Add +0.3%
IDXX Idexx Laboratories Inc. 0.05% 417 $216K No change
CRM Salesforce Inc. 0.05% 725 $213K New
WFC Wells Fargo & Co. 0.05% 3,728 $211K New
KEYS Keysight Technologies Inc. 0.05% 1,341 $208K New
FDX FedEx Corp. 0.05% 752 $207K New
GDX Vaneck Gold Miners ETF 0.05% 6,289 $206K New
GWX State Street SPDR S&P Intern 0.05% 6,376 $205K Reduce -39.1%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 211$696.8MIVV, AVUV, AVLV, IJH, IJR
Q1 2026 191$653.0MIVV, MOAT, AVUV, IJH, IJR
Q4 2025 186$632.0MIVV, MOAT, AVUV, IJH, IJR
Q3 2025 186$606.4MIVV, MOAT, IJH, AVUV, IJR
Q2 2025 176$558.1MIVV, MOAT, IJH, IJR, SMOT
Q1 2025 153$444.4MIVV, MOAT, IJH, SMOT, IJR
Q4 2024 160$481.1MIVV, MOAT, IJH, SMOT, AAPL
Q3 2024 171$477.1MMOAT, IVV, SMOT, IJH, GCOW
Q2 2024 149$416.7MMOAT, IVV, SMOT, IJH, GCOW
Q1 2024 154$396.8MMOAT, IVV, CALF, SMOT, GCOW