Financial Management Network Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 3, 2025), Financial Management Network Inc. reported 160 stock positions worth $481.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.8% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 9.6%) and iShares Core S&P Midcap ETF (IJH, 4.3%). Compared with Q3 2024, it opened 10 new positions, sold out of 21, added to 72 and reduced 72. The biggest buy was iShares Core S&P Midcap ETF (IJH, shares +18%) and the biggest sale an exit from Alerian MLP ETF (AMLP).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $481.1M (Q4 2024)
- SEC Filing
- 0001754960-25-000088 ↗ filed Feb 3, 2025
Holdings Value
Holdings 160 stocks · $481.1M
| IVV iShares Core S&P 500 ETF | 9.84% | 79,589 | $47.3M | Add +4.5% |
| MOAT Vaneck Morningstar Wide Moat | 9.58% | 497,594 | $46.1M | Add +1.9% |
| IJH iShares Core S&P Midcap ETF | 4.27% | 326,764 | $20.6M | Add +18.1% |
| SMOT Vaneck Morningstar Smid Moat | 3.80% | 527,215 | $18.3M | Add +3.7% |
| AAPL Apple Inc. | 3.42% | 67,536 | $16.4M | Add +4.8% |
| IJR iShares Core S&P Small-Cap E | 3.01% | 124,491 | $14.5M | Add +17.0% |
| GCOW Pacer Global Cash Cows Divid | 2.90% | 412,507 | $14.0M | Reduce -1.6% |
| AVDV Avantis Intl S/C Value ETF | 2.89% | 212,997 | $13.9M | Reduce -1.7% |
| AVUV Avantis US Small Cap Value | 2.84% | 140,584 | $13.7M | Add +17.4% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.43% | 224,216 | $11.7M | Add +14.7% |
| VCIT Vanguard Int-Term Corporate | 2.33% | 140,152 | $11.2M | Add +5.4% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.32% | 448,021 | $11.1M | Add +2.2% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 2.10% | 228,545 | $10.1M | Reduce -21.3% |
| NVDA Nvidia Corp. | 1.87% | 62,284 | $9.0M | Reduce -2.9% |
| VHT Vanguard Health Care ETF | 1.65% | 30,931 | $7.9M | Reduce -4.1% |
| IVW iShares S&P 500 Growth ETF | 1.55% | 72,200 | $7.5M | Reduce -2.2% |
| MSFT Microsoft Corp. | 1.40% | 15,962 | $6.8M | Reduce -4.4% |
| COWZ Pacer US Cash Cows 100 ETF | 1.35% | 113,830 | $6.5M | Add +2.2% |
| SHV iShares 0-1 Year Treasury Bo | 1.34% | 58,740 | $6.5M | Reduce -11.8% |
| IEI iShares 3-7 Year Treasury Bo | 1.31% | 54,598 | $6.3M | Add +32.4% |
| AMZN Amazon.com Inc. | 1.28% | 27,426 | $6.1M | Reduce -1.1% |
| V Visa Inc. Class A | 1.26% | 19,269 | $6.1M | Reduce -4.3% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.21% | 227,468 | $5.8M | Add +5.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.21% | 115,165 | $5.8M | Reduce -6.6% |
| AVLV Avantis US Large Cap Value | 1.16% | 83,057 | $5.6M | Add +29.1% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.03% | 168,392 | $5.0M | Add +1.1% |
| AVMV Avantis US Mid Cap Val ETF | 1.00% | 73,221 | $4.8M | Add +39.6% |
| GOVT iShares US Treasury Bond ETF | 0.96% | 206,097 | $4.6M | Add +24.8% |
| TSLA Tesla Inc. | 0.92% | 10,761 | $4.4M | Add +3.5% |
| CLOI Vaneck Clo ETF | 0.83% | 75,286 | $4.0M | Add +41.7% |
| WINN Harbor Long-Term Growers ETF | 0.78% | 135,689 | $3.8M | Add +2.0% |
| IAU iShares Gold Trust | 0.75% | 72,417 | $3.6M | Add +3.9% |
| VIG Vanguard Dividend Apprec ETF | 0.74% | 18,242 | $3.6M | Reduce -0.4% |
| STXK Strive Small-Cap ETF | 0.72% | 109,862 | $3.5M | Add +2.4% |
| GOOG Alphabet Inc. Class C | 0.71% | 17,783 | $3.4M | Add +1.3% |
| GOOGL Alphabet Inc. Class A | 0.71% | 17,740 | $3.4M | Reduce -0.6% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.67% | 32,216 | $3.2M | Add +76.0% |
| CGSD Cap Group Short Duration | 0.67% | 125,287 | $3.2M | Add +24.7% |
| PTNQ Pacer Trendpilot 100 ETF | 0.61% | 39,281 | $2.9M | Add +10.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.57% | 4 | $2.7M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.56% | 5,233 | $2.7M | Reduce -11.1% |
| BIZD Vaneck BDC Income ETF | 0.56% | 160,822 | $2.7M | Add +0.9% |
| JEPI JPMorgan Equity Premium Inco | 0.56% | 46,180 | $2.7M | Add +0.1% |
| SPG Simon Property Group Inc. | 0.55% | 15,147 | $2.7M | Add +0.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.54% | 31,881 | $2.6M | Add +80.2% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.53% | 48,737 | $2.5M | Add +70.9% |
| FBND Fidelity Total Bond ETF | 0.52% | 56,230 | $2.5M | New |
| VNQ Vanguard Real Estate ETF | 0.51% | 27,232 | $2.4M | Reduce -0.1% |
| STXF Strive 500 ETF | 0.47% | 59,482 | $2.3M | Add +1.9% |
| KKR KKR & Co. Inc. | 0.44% | 13,927 | $2.1M | Add +13.2% |
| HD Home Depot Inc. | 0.42% | 5,136 | $2.0M | Reduce -2.9% |
| CVX Chevron Corp. | 0.38% | 12,205 | $1.8M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.37% | 7,222 | $1.8M | Reduce -0.5% |
| DRLL Strive US Energy ETF | 0.36% | 62,304 | $1.7M | Reduce -2.2% |
| GLD SPDR Gold Shares | 0.35% | 6,827 | $1.7M | Add +3.8% |
| FBRT Franklin BSP Realty Trust Inc. | 0.34% | 128,747 | $1.6M | Reduce -13.3% |
| IWF iShares Russell 1000 Growth | 0.33% | 3,841 | $1.6M | Reduce -1.1% |
| STXE Strive Em Markets Ex-China | 0.31% | 53,961 | $1.5M | Reduce -23.7% |
| META Meta Platforms Inc. Class A | 0.28% | 2,202 | $1.3M | Reduce -0.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.27% | 4,388 | $1.3M | Add +1.2% |
| DON Wisdomtree US Midcap Dividen | 0.27% | 25,021 | $1.3M | Reduce -0.5% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.26% | 25,160 | $1.3M | Add +488.1% |
| CGCP Cap Group Core Plus Income | 0.25% | 54,812 | $1.2M | Add +4.7% |
| MCD McDonald's Corp. | 0.25% | 4,057 | $1.2M | Reduce -6.8% |
| MA Mastercard Inc. Class A | 0.23% | 2,137 | $1.1M | Reduce -0.4% |
| SDY SS SPDR S&P Dividend ETF | 0.23% | 8,238 | $1.1M | Add +0.2% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.22% | 15,367 | $1.1M | Reduce -1.6% |
| CAT Caterpillar Inc. | 0.22% | 2,941 | $1.1M | Add +0.1% |
| ADBE Adobe Inc. | 0.22% | 2,468 | $1.1M | Reduce -8.6% |
| HON Honeywell International Inc. | 0.22% | 4,684 | $1.1M | Reduce -2.3% |
| LLY Eli Lilly & Co. | 0.22% | 1,355 | $1.1M | Reduce -6.5% |
| VDE Vanguard Energy ETF | 0.22% | 8,506 | $1.1M | Reduce -13.1% |
| AXP American Express Co. | 0.20% | 3,223 | $977K | Reduce -0.5% |
| IJT iShares S&P Small-Cap 600 GR | 0.20% | 6,888 | $946K | Reduce -7.1% |
| OSEA Harbor Intl Compounders ETF | 0.19% | 35,950 | $929K | Reduce -33.6% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.19% | 16,666 | $920K | Add +0.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 5,004 | $917K | Reduce -4.0% |
| XOM Exxon Mobil Corp. | 0.19% | 8,441 | $910K | Add +1.2% |
| CGGR Cap Group Growth Equity | 0.18% | 23,198 | $878K | Add +42.0% |
| VOO Vanguard S&P 500 ETF | 0.18% | 1,555 | $847K | Add +8.5% |
| BA The Boeing Co. | 0.17% | 4,751 | $807K | Reduce -26.2% |
| TFC Truist Financial Corp. | 0.17% | 18,269 | $806K | Add +0.2% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.17% | 30,002 | $801K | Add +66.9% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.17% | 18,711 | $800K | Add +7.7% |
| FUTY Fidelity MSCI US Utilities | 0.16% | 15,952 | $792K | Reduce -21.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.16% | 2,249 | $783K | Reduce -4.8% |
| ROK Rockwell Automation Inc. | 0.16% | 2,696 | $763K | Add +0.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,238 | $733K | No change |
| AVGO Broadcom Inc. | 0.15% | 3,099 | $721K | Reduce -14.6% |
| SPSM SS SPDR P S&P 600 Small Cap | 0.14% | 14,931 | $678K | Add +0.5% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.14% | 6,753 | $672K | Add +92.2% |
| EW Edwards Lifesciences Corp. | 0.13% | 8,637 | $638K | Reduce -1.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 14,227 | $637K | Add +0.2% |
| MAC The Macerich Co. | 0.13% | 30,854 | $634K | Add +4.5% |
| GCAL Dynamic California Muni ETF | 0.13% | 12,250 | $616K | New |
| TBLD Thornburg Income Builder Opp | 0.13% | 36,789 | $603K | Reduce -16.4% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.12% | 11,970 | $594K | Add +7.4% |
| ISRG Intuitive Surgical Inc. | 0.12% | 1,107 | $593K | Add +0.6% |
| AMGN Amgen Inc. | 0.12% | 2,262 | $591K | Add +0.1% |
| IWM iShares Russell 2000 ETF | 0.12% | 2,553 | $573K | Reduce -0.3% |
Portfolio Sells Q3 2024 → Q4 2024
| AMLP Alerian MLP ETF | Sold out | 0.00% | −1.32 |
| COST Costco Wholesale Corp. | Sold out | 0.00% | −0.94 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.84 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -21.3% | 2.10% | −0.73 |
| BRK.B Berkshire Hathaway Inc. Class B | Sold out | 0.00% | −0.46 |
| AJG Arthur J Gallagher & Co. | Sold out | 0.00% | −0.38 |
| AVDV Avantis Intl S/C Value ETF | Reduce -1.7% | 2.89% | −0.29 |
| GCOW Pacer Global Cash Cows Divid | Reduce -1.6% | 2.90% | −0.28 |
| VHT Vanguard Health Care ETF | Reduce -4.1% | 1.65% | −0.23 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -11.8% | 1.34% | −0.19 |
| OSEA Harbor Intl Compounders ETF | Reduce -33.6% | 0.19% | −0.13 |
| STXE Strive Em Markets Ex-China | Reduce -23.7% | 0.31% | −0.13 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -6.6% | 1.21% | −0.11 |
| SPDW Ste STR SPDR PT DW Eu ETF | Sold out | 0.00% | −0.09 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.09 |
| WMT Walmart Inc. | Sold out | 0.00% | −0.09 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −0.07 |
| ECOW Pacer Emerging Markets Cash | Sold out | 0.00% | −0.07 |
| XOP SS SPDR S&P Og Exp & Prod | Sold out | 0.00% | −0.07 |
| VEA Vanguard Ftse Developed ETF | Reduce -45.9% | 0.07% | −0.07 |
| LEN Lennar Corp. Class A | Sold out | 0.00% | −0.07 |
| ADBE Adobe Inc. | Reduce -8.6% | 0.22% | −0.07 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -13.3% | 0.34% | −0.06 |
| FUTY Fidelity MSCI US Utilities | Reduce -21.0% | 0.16% | −0.06 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.05 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −0.05 |
| MSFT Microsoft Corp. | Reduce -4.4% | 1.40% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -6.5% | 0.22% | −0.05 |
| VDE Vanguard Energy ETF | Reduce -13.1% | 0.22% | −0.05 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.05 |
| TGT Target Corp. | Sold out | 0.00% | −0.04 |
| GWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.04 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.04 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.04 |
| INTC Intel Corp. | Sold out | 0.00% | −0.04 |
| BA The Boeing Co. | Reduce -26.2% | 0.17% | −0.04 |
| DRLL Strive US Energy ETF | Reduce -2.2% | 0.36% | −0.04 |
| MTB M & T Bank Corp. | Reduce -29.3% | 0.12% | −0.04 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -11.1% | 0.56% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -0.1% | 0.51% | −0.04 |
| HD Home Depot Inc. | Reduce -2.9% | 0.42% | −0.04 |
| TBLD Thornburg Income Builder Opp | Reduce -16.4% | 0.13% | −0.04 |
| DURA Vaneck Durable High Dividend | Reduce -18.1% | 0.10% | −0.03 |
| MCD McDonald's Corp. | Reduce -6.8% | 0.25% | −0.03 |
| LMT Lockheed Martin Corp. | Reduce -20.4% | 0.05% | −0.03 |
| OXY Occidental Petroleum Corp. | Reduce -25.1% | 0.05% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| O Realty Income Corp. | Reduce -1.8% | 0.11% | −0.02 |
| FDEV Fidelity Intl Multifact ETF | Reduce -13.0% | 0.09% | −0.02 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -7.1% | 0.20% | −0.02 |
Portfolio Buys Q3 2024 → Q4 2024
| IJH iShares Core S&P Midcap ETF | Add +18.1% | 4.27% | +0.66 |
| IVV iShares Core S&P 500 ETF | Add +4.5% | 9.84% | +0.64 |
| FBND Fidelity Total Bond ETF | New | 0.52% | +0.52 |
| AVUV Avantis US Small Cap Value | Add +17.4% | 2.84% | +0.44 |
| IJR iShares Core S&P Small-Cap E | Add +17.0% | 3.01% | +0.43 |
| TSLA Tesla Inc. | Add +3.5% | 0.92% | +0.37 |
| AAPL Apple Inc. | Add +4.8% | 3.42% | +0.35 |
| AVMV Avantis US Mid Cap Val ETF | Add +39.6% | 1.00% | +0.29 |
| IEI iShares 3-7 Year Treasury Bo | Add +32.4% | 1.31% | +0.29 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +76.0% | 0.67% | +0.28 |
| AVLV Avantis US Large Cap Value | Add +29.1% | 1.16% | +0.27 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +14.7% | 2.43% | +0.26 |
| CLOI Vaneck Clo ETF | Add +41.7% | 0.83% | +0.24 |
| SHY iShares 1-3 Year Treasury Bo | Add +80.2% | 0.54% | +0.24 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +488.1% | 0.26% | +0.22 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +70.9% | 0.53% | +0.19 |
| GOVT iShares US Treasury Bond ETF | Add +24.8% | 0.96% | +0.16 |
| GCAL Dynamic California Muni ETF | New | 0.13% | +0.13 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Add +5.1% | 1.21% | +0.13 |
| CGSD Cap Group Short Duration | Add +24.7% | 0.67% | +0.12 |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | New | 0.10% | +0.10 |
| SMOT Vaneck Morningstar Smid Moat | Add +3.7% | 3.80% | +0.10 |
| UWM Proshares Ultra RUSSELL2000 | New | 0.10% | +0.10 |
| KKR KKR & Co. Inc. | Add +13.2% | 0.44% | +0.10 |
| GOOG Alphabet Inc. Class C | Add +1.3% | 0.71% | +0.09 |
| MRK Merck & Co. Inc. | New | 0.07% | +0.07 |
| PTNQ Pacer Trendpilot 100 ETF | Add +10.8% | 0.61% | +0.07 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +92.2% | 0.14% | +0.07 |
| WINN Harbor Long-Term Growers ETF | Add +2.0% | 0.78% | +0.07 |
| CGCV Cap Group Conservative Eq | Add +66.9% | 0.17% | +0.06 |
| CGGR Cap Group Growth Equity | Add +42.0% | 0.18% | +0.06 |
| KHC The Kraft Heinz Co. | New | 0.06% | +0.06 |
| UNOV Innovator U.S. Equity Ultra | New | 0.06% | +0.06 |
| SMIG Bahl & Gaynor S/M Inc. Growth | New | 0.06% | +0.06 |
| ARES Ares Management Corp. Class A | New | 0.05% | +0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | New | 0.05% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +5.4% | 2.33% | +0.03 |
| AXON Axon Enterprise Inc. | Add +10.0% | 0.07% | +0.02 |
| STXK Strive Small-Cap ETF | Add +2.4% | 0.72% | +0.02 |
| STXF Strive 500 ETF | Add +1.9% | 0.47% | +0.02 |
| MAC The Macerich Co. | Add +4.5% | 0.13% | +0.02 |
| SPG Simon Property Group Inc. | Add +0.4% | 0.55% | +0.02 |
| IAU iShares Gold Trust | Add +3.9% | 0.75% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +8.5% | 0.18% | +0.02 |
| BIZD Vaneck BDC Income ETF | Add +0.9% | 0.56% | +0.02 |
| BAC Bank of America Corp. | Add +0.2% | 0.13% | +0.01 |
| ISRG Intuitive Surgical Inc. | Add +0.6% | 0.12% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +1.2% | 0.27% | +0.01 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +7.4% | 0.12% | +0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Add +7.7% | 0.17% | +0.01 |
Notes & Other Activity Q3 2024 → Q4 2024
| APOLLO GLOBAL MANAGEMENT (APO 6.75 07/31/26) | SER A MAND CNV | Sold out | 7,303 | $988Kbefore exit |
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 |