Financial Management Network Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 23, 2024), Financial Management Network Inc. reported 171 stock positions worth $477.1 million. Its top holding was Vaneck Morningstar Wide Moat (MOAT) at 9.8% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 9.2%) and Vaneck Morningstar Smid Moat (SMOT, 3.7%). Compared with Q2 2024, it opened 27 new positions, sold out of 5, added to 83 and reduced 54. The biggest buy was a new position in Alerian MLP ETF (AMLP) and the biggest sale iShares 0-1 Year Treasury Bo (SHV, shares −24%).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $477.1M (Q3 2024)
- SEC Filing
- 0001754960-24-000530 ↗ filed Oct 23, 2024
Holdings Value
Holdings 171 stocks · $477.1M
| MOAT Vaneck Morningstar Wide Moat | 9.82% | 488,251 | $46.9M | Add +3.3% |
| IVV iShares Core S&P 500 ETF | 9.19% | 76,184 | $43.9M | Add +5.7% |
| SMOT Vaneck Morningstar Smid Moat | 3.70% | 508,549 | $17.6M | Add +0.1% |
| IJH iShares Core S&P Midcap ETF | 3.61% | 276,639 | $17.2M | Add +5.8% |
| GCOW Pacer Global Cash Cows Divid | 3.19% | 419,396 | $15.2M | Reduce -3.3% |
| AVDV Avantis Intl S/C Value ETF | 3.19% | 216,707 | $15.2M | Reduce -0.5% |
| AAPL Apple Inc. | 3.06% | 64,470 | $14.6M | Add +3.2% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.83% | 290,486 | $13.5M | Reduce -11.8% |
| IJR iShares Core S&P Small-Cap E | 2.58% | 106,370 | $12.3M | Add +5.8% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.47% | 438,308 | $11.8M | Add +8.0% |
| AVUV Avantis US Small Cap Value | 2.41% | 119,769 | $11.5M | Add +19.3% |
| VCIT Vanguard Int-Term Corporate | 2.31% | 132,954 | $11.0M | Add +10.6% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.17% | 195,500 | $10.4M | Add +52.6% |
| VHT Vanguard Health Care ETF | 1.88% | 32,261 | $9.0M | Reduce -2.1% |
| NVDA Nvidia Corp. | 1.68% | 64,131 | $8.0M | Add +2.3% |
| SHV iShares 0-1 Year Treasury Bo | 1.54% | 66,597 | $7.3M | Reduce -24.4% |
| IVW iShares S&P 500 Growth ETF | 1.48% | 73,838 | $7.1M | Reduce -1.5% |
| MSFT Microsoft Corp. | 1.46% | 16,697 | $6.9M | Add +1.3% |
| COWZ Pacer US Cash Cows 100 ETF | 1.36% | 111,383 | $6.5M | Add +0.4% |
| AMLP Alerian MLP ETF | 1.32% | 132,050 | $6.3M | New |
| NEAR iShares SH Dba ETF Usd Inc. | 1.31% | 123,299 | $6.3M | Reduce -6.8% |
| V Visa Inc. Class A | 1.17% | 20,127 | $5.6M | Reduce -0.2% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.09% | 216,477 | $5.2M | Add +7.9% |
| AMZN Amazon.com Inc. | 1.08% | 27,742 | $5.2M | Add +2.3% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.05% | 166,544 | $5.0M | Add +2.4% |
| IEI iShares 3-7 Year Treasury Bo | 1.02% | 41,228 | $4.9M | Add +394.8% |
| COST Costco Wholesale Corp. | 0.94% | 5,052 | $4.5M | New |
| AVLV Avantis US Large Cap Value | 0.90% | 64,357 | $4.3M | Add +49.3% |
| ARCC Ares Capital Corp. | 0.84% | 190,897 | $4.0M | New |
| GOVT iShares US Treasury Bond ETF | 0.80% | 165,214 | $3.8M | Add +81.6% |
| VIG Vanguard Dividend Apprec ETF | 0.76% | 18,310 | $3.6M | Reduce -0.1% |
| IAU iShares Gold Trust | 0.73% | 69,672 | $3.5M | Add +4.4% |
| WINN Harbor Long-Term Growers ETF | 0.71% | 132,982 | $3.4M | Add +1.9% |
| AVMV Avantis US Mid Cap Val ETF | 0.71% | 52,448 | $3.4M | Add +173.8% |
| STXK Strive Small-Cap ETF | 0.70% | 107,336 | $3.3M | Reduce -5.9% |
| GOOGL Alphabet Inc. Class A | 0.62% | 17,840 | $3.0M | Add +0.2% |
| GOOG Alphabet Inc. Class C | 0.62% | 17,555 | $3.0M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.60% | 5,887 | $2.9M | Reduce -1.0% |
| CLOI Vaneck Clo ETF | 0.59% | 53,146 | $2.8M | Add +13.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.58% | 4 | $2.8M | No change |
| JEPI JPMorgan Equity Premium Inco | 0.57% | 46,130 | $2.7M | Add +15.7% |
| TSLA Tesla Inc. | 0.54% | 10,393 | $2.6M | Add +11.1% |
| PTNQ Pacer Trendpilot 100 ETF | 0.54% | 35,467 | $2.6M | Add +16.6% |
| VNQ Vanguard Real Estate ETF | 0.54% | 27,265 | $2.6M | Reduce -0.8% |
| CGSD Cap Group Short Duration | 0.54% | 100,437 | $2.6M | Add +21.3% |
| BIZD Vaneck BDC Income ETF | 0.54% | 159,409 | $2.6M | Add +11.5% |
| SPG Simon Property Group Inc. | 0.54% | 15,080 | $2.6M | Reduce -8.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.46% | 4,785 | $2.2M | New |
| HD Home Depot Inc. | 0.45% | 5,287 | $2.2M | Add +1.5% |
| STXF Strive 500 ETF | 0.45% | 58,398 | $2.1M | Add +3.4% |
| STXE Strive Em Markets Ex-China | 0.44% | 70,734 | $2.1M | Add +1.2% |
| FBRT Franklin BSP Realty Trust Inc. | 0.40% | 148,509 | $1.9M | Reduce -6.0% |
| DRLL Strive US Energy ETF | 0.40% | 63,687 | $1.9M | Reduce -6.5% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.39% | 18,307 | $1.8M | Add +62.0% |
| CVX Chevron Corp. | 0.39% | 12,225 | $1.8M | Reduce -0.1% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.38% | 6,306 | $1.8M | Reduce -7.9% |
| KKR KKR & Co. Inc. | 0.34% | 12,303 | $1.6M | Add +11.0% |
| GLD SPDR Gold Shares | 0.34% | 6,577 | $1.6M | Reduce -4.6% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.33% | 28,511 | $1.6M | New |
| OSEA Harbor Intl Compounders ETF | 0.32% | 54,183 | $1.5M | Add +5.5% |
| JPM JPMorgan Chase & Co. | 0.32% | 7,255 | $1.5M | Add +0.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.31% | 17,692 | $1.5M | New |
| IWF iShares Russell 1000 Growth | 0.30% | 3,882 | $1.5M | Reduce -1.5% |
| ADBE Adobe Inc. | 0.29% | 2,701 | $1.4M | Reduce -5.4% |
| MCD McDonald's Corp. | 0.28% | 4,352 | $1.3M | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.28% | 2,206 | $1.3M | Reduce -2.5% |
| DON Wisdomtree US Midcap Dividen | 0.27% | 25,140 | $1.3M | Reduce -14.0% |
| LLY Eli Lilly & Co. | 0.27% | 1,449 | $1.3M | Reduce -6.2% |
| VDE Vanguard Energy ETF | 0.27% | 9,785 | $1.3M | Reduce -3.9% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 4,335 | $1.2M | Add +4.7% |
| CGCP Cap Group Core Plus Income | 0.25% | 52,372 | $1.2M | Add +31.6% |
| CAT Caterpillar Inc. | 0.24% | 2,939 | $1.2M | Add +0.1% |
| SDY SS SPDR S&P Dividend ETF | 0.24% | 8,224 | $1.2M | Add +0.1% |
| MA Mastercard Inc. Class A | 0.22% | 2,146 | $1.1M | Add +0.5% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.22% | 15,612 | $1.1M | Reduce -0.5% |
| FUTY Fidelity MSCI US Utilities | 0.22% | 20,182 | $1.1M | Reduce -22.7% |
| XOM Exxon Mobil Corp. | 0.22% | 8,344 | $1.0M | Add +0.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.22% | 7,417 | $1.0M | Reduce -0.0% |
| BA The Boeing Co. | 0.21% | 6,436 | $998K | Reduce -15.7% |
| HON Honeywell International Inc. | 0.20% | 4,793 | $977K | Reduce -1.2% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.19% | 16,655 | $910K | Reduce -0.6% |
| AXP American Express Co. | 0.19% | 3,239 | $894K | Add +2.4% |
| PANW Palo Alto Networks Inc. | 0.19% | 2,606 | $892K | Add +0.1% |
| TFC Truist Financial Corp. | 0.16% | 18,239 | $773K | Add +0.2% |
| TBLD Thornburg Income Builder Opp | 0.16% | 44,011 | $770K | Reduce -8.8% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.16% | 2,363 | $759K | No change |
| VOO Vanguard S&P 500 ETF | 0.16% | 1,433 | $755K | Reduce -1.2% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.16% | 17,380 | $748K | Add +1.3% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.15% | 4,117 | $736K | Reduce -3.1% |
| AMGN Amgen Inc. | 0.15% | 2,260 | $722K | Add +0.1% |
| ROK Rockwell Automation Inc. | 0.15% | 2,695 | $719K | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,238 | $709K | Add +3.1% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.14% | 14,855 | $669K | Reduce -0.5% |
| VEA Vanguard Ftse Developed ETF | 0.14% | 12,690 | $662K | Reduce -0.6% |
| O Realty Income Corp. | 0.14% | 10,392 | $644K | Add +0.7% |
| AVGO Broadcom Inc. | 0.13% | 3,628 | $641K | Add +0.8% |
| DURA Vaneck Durable High Dividend | 0.13% | 18,044 | $623K | Reduce -74.7% |
| EW Edwards Lifesciences Corp. | 0.12% | 8,787 | $575K | Add +4.0% |
| CGGR Cap Group Growth Equity | 0.12% | 16,333 | $571K | Add +1.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 14,197 | $569K | Reduce -0.3% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $988K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | 7,303 | $988K | New |
Total filed on the 13F, all lines: $478.1M.
Portfolio Sells Q2 2024 → Q3 2024
| SHV iShares 0-1 Year Treasury Bo | Reduce -24.4% | 1.54% | −0.79 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -11.8% | 2.83% | −0.54 |
| DURA Vaneck Durable High Dividend | Reduce -74.7% | 0.13% | −0.41 |
| GCOW Pacer Global Cash Cows Divid | Reduce -3.3% | 3.19% | −0.38 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -6.8% | 1.31% | −0.28 |
| AVDV Avantis Intl S/C Value ETF | Reduce -0.5% | 3.19% | −0.28 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.5% | 1.48% | −0.24 |
| VHT Vanguard Health Care ETF | Reduce -2.1% | 1.88% | −0.21 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.16 |
| V Visa Inc. Class A | Reduce -0.2% | 1.17% | −0.14 |
| BA The Boeing Co. | Reduce -15.7% | 0.21% | −0.13 |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | Sold out | 0.00% | −0.12 |
| ADBE Adobe Inc. | Reduce -5.4% | 0.29% | −0.11 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -1.0% | 0.60% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.09 |
| STXK Strive Small-Cap ETF | Reduce -5.9% | 0.70% | −0.09 |
| DRLL Strive US Energy ETF | Reduce -6.5% | 0.40% | −0.09 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -6.0% | 0.40% | −0.08 |
| LLY Eli Lilly & Co. | Reduce -6.2% | 0.27% | −0.07 |
| TROW T Rowe Price Group Inc. | Sold out | 0.00% | −0.07 |
| CVX Chevron Corp. | Reduce -0.1% | 0.39% | −0.07 |
| FUTY Fidelity MSCI US Utilities | Reduce -22.7% | 0.22% | −0.06 |
| DON Wisdomtree US Midcap Dividen | Reduce -14.0% | 0.27% | −0.05 |
| IXN iShares Global Tech ETF | Sold out | 0.00% | −0.05 |
| IWF iShares Russell 1000 Growth | Reduce -1.5% | 0.30% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -0.1% | 0.76% | −0.05 |
| AJG Arthur J Gallagher & Co. | Reduce -7.9% | 0.38% | −0.05 |
| HON Honeywell International Inc. | Reduce -1.2% | 0.20% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -8.5% | 0.54% | −0.04 |
| VDE Vanguard Energy ETF | Reduce -3.9% | 0.27% | −0.04 |
| IWS iShares Russell Mid-Cap Valu | Reduce -20.8% | 0.12% | −0.04 |
| QCOM Qualcomm Inc. | Reduce -1.0% | 0.09% | −0.04 |
| TBLD Thornburg Income Builder Opp | Reduce -8.8% | 0.16% | −0.03 |
| GLD SPDR Gold Shares | Reduce -4.6% | 0.34% | −0.03 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -0.5% | 0.22% | −0.03 |
| DIS The Walt Disney Co. | Reduce -6.1% | 0.09% | −0.02 |
| PSX Phillips 66 | Reduce -16.5% | 0.05% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -5.3% | 0.09% | −0.02 |
| VOO Vanguard S&P 500 ETF | Reduce -1.2% | 0.16% | −0.02 |
| BAC Bank of America Corp. | Reduce -0.3% | 0.12% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -2.5% | 0.28% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.6% | 0.14% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -0.7% | 0.10% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -10.8% | 0.08% | −0.01 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -0.6% | 0.19% | −0.01 |
| ECOW Pacer Emerging Markets Cash | Reduce -9.3% | 0.07% | −0.01 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -0.0% | 0.22% | −0.01 |
| USMV iShares MSCI USA Min Vol Fac | Reduce -2.8% | 0.12% | −0.01 |
| XLK SS Technology Select Sector | Reduce -4.5% | 0.04% | −0.01 |
| ITOT iShares Core S&P Total U.S. | Reduce -1.1% | 0.08% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| AMLP Alerian MLP ETF | New | 1.32% | +1.32 |
| COST Costco Wholesale Corp. | New | 0.94% | +0.94 |
| ARCC Ares Capital Corp. | New | 0.84% | +0.84 |
| IEI iShares 3-7 Year Treasury Bo | Add +394.8% | 1.02% | +0.79 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +52.6% | 2.17% | +0.56 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.46% | +0.46 |
| AVMV Avantis US Mid Cap Val ETF | Add +173.8% | 0.71% | +0.44 |
| AVIV Avantis Intl LRG Cap Val ETF | New | 0.33% | +0.33 |
| GOVT iShares US Treasury Bond ETF | Add +81.6% | 0.80% | +0.31 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.31% | +0.31 |
| AVUV Avantis US Small Cap Value | Add +19.3% | 2.41% | +0.28 |
| AVLV Avantis US Large Cap Value | Add +49.3% | 0.90% | +0.24 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +62.0% | 0.39% | +0.12 |
| CGCV Cap Group Conservative Eq | New | 0.10% | +0.10 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.09% | +0.09 |
| CSCO Cisco Systems Inc. | New | 0.09% | +0.09 |
| WMT Walmart Inc. | New | 0.09% | +0.09 |
| PG The Procter & Gamble Co. | New | 0.07% | +0.07 |
| VTEI Vanguard Int Tax-Exempt Bond | New | 0.07% | +0.07 |
| XOP SS SPDR S&P Og Exp & Prod | New | 0.07% | +0.07 |
| LEN Lennar Corp. Class A | New | 0.07% | +0.07 |
| SBUX Starbucks Corp. | New | 0.06% | +0.06 |
| KKR KKR & Co. Inc. | Add +11.0% | 0.34% | +0.06 |
| SMMD iShares Russell 2500 ETF | New | 0.06% | +0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.05% | +0.05 |
| GDX Vaneck Gold Miners ETF | New | 0.05% | +0.05 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +102.5% | 0.11% | +0.05 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | New | 0.05% | +0.05 |
| AXON Axon Enterprise Inc. | New | 0.04% | +0.04 |
| KEYS Keysight Technologies Inc. | New | 0.04% | +0.04 |
| TGT Target Corp. | New | 0.04% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.04% | +0.04 |
| CRM Salesforce Inc. | New | 0.04% | +0.04 |
| SCI Service Corp. International | New | 0.04% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.04% | +0.04 |
| CGCP Cap Group Core Plus Income | Add +31.6% | 0.25% | +0.04 |
| CGSD Cap Group Short Duration | Add +21.3% | 0.54% | +0.04 |
| IJR iShares Core S&P Small-Cap E | Add +5.8% | 2.58% | +0.04 |
| HD Home Depot Inc. | Add +1.5% | 0.45% | +0.03 |
| JEPI JPMorgan Equity Premium Inco | Add +15.7% | 0.57% | +0.03 |
| MOAT Vaneck Morningstar Wide Moat | Add +3.3% | 9.82% | +0.02 |
| MCD McDonald's Corp. | Add +0.1% | 0.28% | +0.02 |
| CAT Caterpillar Inc. | Add +0.1% | 0.24% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.4% | 0.10% | +0.01 |
| LMT Lockheed Martin Corp. | Add +0.5% | 0.08% | +0.01 |
| URI United Rentals Inc. | Add +0.6% | 0.11% | +0.01 |
| AXP American Express Co. | Add +2.4% | 0.19% | +0.01 |
| EYENOVIA INC | New | 0.01% | +0.01 |
| IAU iShares Gold Trust | Add +4.4% | 0.73% | +0.01 |
| MAC The Macerich Co. | Add +0.5% | 0.11% | +0.01 |
Notes & Other Activity Q2 2024 → Q3 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | New | 7,303 | $988K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |