Financial Management Network Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 7, 2025), Financial Management Network Inc. reported 153 stock positions worth $444.4 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.9% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 8.9%) and iShares Core S&P Midcap ETF (IJH, 4.4%). Compared with Q4 2024, it opened 6 new positions, sold out of 13, added to 80 and reduced 52. The biggest buy was a new position in Ares Capital (ARCC) and the biggest sale PCR US SM CP CSH CWS ETF-Usd (CALF, shares −59%).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $444.4M (Q1 2025)
- SEC Filing
- 0001754960-25-000283 ↗ filed May 7, 2025
Holdings Value
Holdings 153 stocks · $444.4M
| IVV iShares Core S&P 500 ETF | 9.90% | 86,849 | $44.0M | Add +9.1% |
| MOAT Vaneck Morningstar Wide Moat | 8.89% | 502,966 | $39.5M | Add +1.1% |
| IJH iShares Core S&P Midcap ETF | 4.36% | 370,389 | $19.4M | Add +13.3% |
| SMOT Vaneck Morningstar Smid Moat | 3.64% | 555,222 | $16.2M | Add +5.3% |
| IJR iShares Core S&P Small-Cap E | 3.51% | 167,321 | $15.6M | Add +34.4% |
| AVUV Avantis US Small Cap Value | 3.11% | 179,097 | $13.8M | Add +27.4% |
| BINC iShares Flex I A ETF-Usd Inc. | 3.10% | 269,278 | $13.8M | Add +20.1% |
| AVDV Avantis Intl S/C Value ETF | 2.90% | 208,850 | $12.9M | Reduce -1.9% |
| GCOW Pacer Global Cash Cows Divid | 2.78% | 368,583 | $12.3M | Reduce -10.7% |
| VCIT Vanguard Int-Term Corporate | 2.71% | 149,302 | $12.0M | Add +6.5% |
| AAPL Apple Inc. | 2.66% | 65,149 | $11.8M | Reduce -3.5% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.21% | 454,673 | $9.8M | Add +1.5% |
| VHT Vanguard Health Care ETF | 1.61% | 29,374 | $7.2M | Reduce -5.0% |
| AVLV Avantis US Large Cap Value | 1.56% | 119,153 | $6.9M | Add +43.5% |
| IEI iShares 3-7 Year Treasury Bo | 1.51% | 56,722 | $6.7M | Add +3.9% |
| NVDA Nvidia Corp. | 1.38% | 62,821 | $6.1M | Add +0.9% |
| IVW iShares S&P 500 Growth ETF | 1.36% | 71,718 | $6.0M | Reduce -0.7% |
| SHV iShares 0-1 Year Treasury Bo | 1.35% | 54,391 | $6.0M | Reduce -7.4% |
| V Visa Inc. Class A | 1.30% | 18,469 | $5.8M | Reduce -4.2% |
| MSFT Microsoft Corp. | 1.29% | 16,044 | $5.7M | Add +0.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.27% | 111,926 | $5.7M | Reduce -2.8% |
| AVMV Avantis US Mid Cap Val ETF | 1.24% | 100,291 | $5.5M | Add +37.0% |
| COWZ Pacer US Cash Cows 100 ETF | 1.20% | 109,569 | $5.3M | Reduce -3.7% |
| GOVT iShares US Treasury Bond ETF | 1.14% | 220,715 | $5.1M | Add +7.1% |
| AMZN Amazon.com Inc. | 1.09% | 27,641 | $4.8M | Add +0.8% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.07% | 240,053 | $4.8M | Add +5.5% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.04% | 179,982 | $4.6M | Add +6.9% |
| AVIV Avantis Intl LRG Cap Val ETF | 0.96% | 84,258 | $4.3M | Add +72.9% |
| CLOI Vaneck Clo ETF | 0.94% | 80,644 | $4.2M | Add +7.1% |
| IAU iShares Gold Trust | 0.88% | 70,040 | $3.9M | Reduce -3.3% |
| ARCC Ares Capital Corp. | 0.83% | 192,019 | $3.7M | New |
| FBND Fidelity Total Bond ETF | 0.81% | 79,031 | $3.6M | Add +40.5% |
| CGSD Cap Group Short Duration | 0.78% | 133,891 | $3.5M | Add +6.9% |
| TSLA Tesla Inc. | 0.73% | 13,965 | $3.3M | Add +29.8% |
| VIG Vanguard Dividend Apprec ETF | 0.72% | 18,330 | $3.2M | Add +0.5% |
| WINN Harbor Long-Term Growers ETF | 0.71% | 143,055 | $3.1M | Add +5.4% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.70% | 94,233 | $3.1M | Reduce -58.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.66% | 4 | $2.9M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.65% | 35,169 | $2.9M | Add +10.3% |
| STXK Strive Small-Cap ETF | 0.65% | 113,983 | $2.9M | Add +3.8% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.63% | 28,987 | $2.8M | Reduce -10.0% |
| PTNQ Pacer Trendpilot 100 ETF | 0.62% | 40,792 | $2.7M | Add +3.9% |
| GOOGL Alphabet Inc. Class A | 0.60% | 18,084 | $2.7M | Add +1.9% |
| GOOG Alphabet Inc. Class C | 0.59% | 17,598 | $2.6M | Reduce -1.0% |
| BIZD Vaneck BDC Income ETF | 0.57% | 178,368 | $2.5M | Add +10.9% |
| JEPI JPMorgan Equity Premium Inco | 0.53% | 45,300 | $2.4M | Reduce -1.9% |
| VNQ Vanguard Real Estate ETF | 0.50% | 26,895 | $2.2M | Reduce -1.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.50% | 5,203 | $2.2M | Reduce -0.6% |
| SPG Simon Property Group Inc. | 0.48% | 14,825 | $2.1M | Reduce -2.1% |
| STXF Strive 500 ETF | 0.46% | 63,102 | $2.0M | Add +6.1% |
| GLD SPDR Gold Shares | 0.42% | 6,827 | $1.9M | No change |
| HD Home Depot Inc. | 0.40% | 5,171 | $1.8M | Add +0.7% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.39% | 69,838 | $1.7M | Add +132.8% |
| CGCP Cap Group Core Plus Income | 0.38% | 77,164 | $1.7M | Add +40.8% |
| CVX Chevron Corp. | 0.38% | 12,129 | $1.7M | Reduce -0.6% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.37% | 32,866 | $1.7M | Add +30.6% |
| KKR KKR & Co. Inc. | 0.37% | 16,822 | $1.6M | Add +20.8% |
| DRLL Strive US Energy ETF | 0.37% | 65,916 | $1.6M | Add +5.8% |
| JPM JPMorgan Chase & Co. | 0.37% | 7,589 | $1.6M | Add +5.1% |
| APO Apollo Global Management Inc. | 0.35% | 14,037 | $1.6M | New |
| DON Wisdomtree US Midcap Dividen | 0.33% | 32,735 | $1.4M | Add +30.8% |
| TXUE Thornburg Interntin Eqty ETF | 0.28% | 52,865 | $1.3M | New |
| GCAL Dynamic California Muni ETF | 0.28% | 25,421 | $1.3M | Add +107.5% |
| MCD McDonald's Corp. | 0.27% | 4,063 | $1.2M | Add +0.1% |
| IWF iShares Russell 1000 Growth | 0.27% | 3,686 | $1.2M | Reduce -4.0% |
| FBRT Franklin BSP Realty Trust Inc. | 0.27% | 104,777 | $1.2M | Reduce -18.6% |
| CGGR Cap Group Growth Equity | 0.26% | 37,643 | $1.2M | Add +62.3% |
| LLY Eli Lilly & Co. | 0.26% | 1,584 | $1.1M | Add +16.9% |
| META Meta Platforms Inc. Class A | 0.24% | 2,067 | $1.1M | Reduce -6.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 4,287 | $1.1M | Reduce -2.3% |
| MA Mastercard Inc. Class A | 0.23% | 2,137 | $1.0M | No change |
| SDY SS SPDR S&P Dividend ETF | 0.23% | 8,248 | $1.0M | Add +0.1% |
| VDE Vanguard Energy ETF | 0.21% | 8,412 | $913K | Reduce -1.1% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 15,121 | $897K | Reduce -1.6% |
| HON Honeywell International Inc. | 0.20% | 4,685 | $878K | Add +0.0% |
| CAT Caterpillar Inc. | 0.19% | 2,943 | $824K | Add +0.1% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.18% | 8,364 | $820K | Add +23.9% |
| STXE Strive Em Markets Ex-China | 0.18% | 32,263 | $819K | Reduce -40.2% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.18% | 18,526 | $783K | Add +54.8% |
| PANW Palo Alto Networks Inc. | 0.17% | 5,004 | $763K | No change |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.17% | 16,501 | $758K | Reduce -1.0% |
| AXP American Express Co. | 0.17% | 3,224 | $755K | Add +0.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.17% | 6,707 | $752K | Reduce -2.6% |
| TBLD Thornburg Income Builder Opp | 0.16% | 43,392 | $725K | Add +17.9% |
| OSEA Harbor Intl Compounders ETF | 0.16% | 29,565 | $717K | Reduce -17.8% |
| ADBE Adobe Inc. | 0.16% | 2,103 | $717K | Reduce -14.8% |
| SHYG iShares 0-5 YR HY Corp. Bond | 0.16% | 17,330 | $709K | Reduce -7.4% |
| VOO Vanguard S&P 500 ETF | 0.15% | 1,455 | $674K | Reduce -6.4% |
| XOM Exxon Mobil Corp. | 0.15% | 6,502 | $669K | Reduce -23.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,324 | $668K | Add +7.0% |
| AMGN Amgen Inc. | 0.15% | 2,244 | $650K | Reduce -0.8% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.14% | 2,249 | $625K | No change |
| BA The Boeing Co. | 0.14% | 4,451 | $618K | Reduce -6.3% |
| ROK Rockwell Automation Inc. | 0.14% | 2,699 | $614K | Add +0.1% |
| FUTY Fidelity MSCI US Utilities | 0.14% | 12,871 | $611K | Reduce -19.3% |
| EW Edwards Lifesciences Corp. | 0.13% | 8,637 | $596K | No change |
| SPSM SS SPDR P S&P 600 Small Cap | 0.12% | 15,087 | $550K | Add +1.0% |
| SMIG Bahl & Gaynor S/M Inc. Growth | 0.12% | 20,349 | $530K | Add +124.1% |
| USMV iShares MSCI USA Min Vol Fac | 0.12% | 6,131 | $529K | Add +2.2% |
| ISRG Intuitive Surgical Inc. | 0.12% | 1,107 | $513K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -58.8% | 0.70% | −1.40 |
| AAPL Apple Inc. | Reduce -3.5% | 2.66% | −0.76 |
| IVW iShares S&P 500 Growth ETF | Reduce -0.7% | 1.36% | −0.19 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -3.7% | 1.20% | −0.15 |
| STXE Strive Em Markets Ex-China | Reduce -40.2% | 0.18% | −0.13 |
| GCOW Pacer Global Cash Cows Divid | Reduce -10.7% | 2.78% | −0.13 |
| GOOG Alphabet Inc. Class C | Reduce -1.0% | 0.59% | −0.12 |
| UWM Proshares Ultra RUSSELL2000 | Sold out | 0.00% | −0.10 |
| SPG Simon Property Group Inc. | Reduce -2.1% | 0.48% | −0.08 |
| MRK Merck & Co. Inc. | Sold out | 0.00% | −0.07 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -18.6% | 0.27% | −0.07 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -0.6% | 0.50% | −0.07 |
| TFC Truist Financial Corp. | Reduce -27.2% | 0.11% | −0.06 |
| ADBE Adobe Inc. | Reduce -14.8% | 0.16% | −0.06 |
| AVGO Broadcom Inc. | Reduce -11.8% | 0.09% | −0.06 |
| IWF iShares Russell 1000 Growth | Reduce -4.0% | 0.27% | −0.05 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.05 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.05 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.05 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.05 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.05 |
| SCHM Schwab US Mid Cap ETF | Sold out | 0.00% | −0.05 |
| UBER Uber Technologies Inc. | Sold out | 0.00% | −0.05 |
| PSX Phillips 66 | Sold out | 0.00% | −0.04 |
| KEYS Keysight Technologies Inc. | Sold out | 0.00% | −0.04 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.04 |
| VHT Vanguard Health Care ETF | Reduce -5.0% | 1.61% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -23.0% | 0.15% | −0.04 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -10.0% | 0.63% | −0.04 |
| META Meta Platforms Inc. Class A | Reduce -6.1% | 0.24% | −0.04 |
| OSEA Harbor Intl Compounders ETF | Reduce -17.8% | 0.16% | −0.03 |
| BA The Boeing Co. | Reduce -6.3% | 0.14% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.3% | 0.24% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -2.6% | 0.17% | −0.03 |
| FUTY Fidelity MSCI US Utilities | Reduce -19.3% | 0.14% | −0.03 |
| JEPI JPMorgan Equity Premium Inco | Reduce -1.9% | 0.53% | −0.03 |
| VOO Vanguard S&P 500 ETF | Reduce -6.4% | 0.15% | −0.02 |
| SPMD SS SPDR P S&P 400 Midcap ETF | Reduce -1.0% | 0.17% | −0.02 |
| SPYM Ste STR SPDR PT S&P 500 ETF | Reduce -1.6% | 0.20% | −0.02 |
| MTB M & T Bank Corp. | Reduce -4.8% | 0.10% | −0.02 |
| GS Goldman Sachs Group Inc. | Reduce -7.7% | 0.07% | −0.02 |
| IWN iShares Russell 2000 Value E | Reduce -9.5% | 0.06% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -2.6% | 0.09% | −0.01 |
| VDE Vanguard Energy ETF | Reduce -1.1% | 0.21% | −0.01 |
| PH Parker Hannifin Corp. | Reduce -11.7% | 0.05% | −0.01 |
| VNQ Vanguard Real Estate ETF | Reduce -1.2% | 0.50% | −0.01 |
| IWS iShares Russell Mid-Cap Valu | Reduce -2.0% | 0.11% | −0.01 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -7.4% | 0.16% | −0.01 |
| JNJ Johnson & Johnson | Reduce -17.6% | 0.09% | −0.01 |
| SBUX Starbucks Corp. | Reduce -3.7% | 0.05% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| ARCC Ares Capital Corp. | New | 0.83% | +0.83 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +20.1% | 3.10% | +0.68 |
| IJR iShares Core S&P Small-Cap E | Add +34.4% | 3.51% | +0.51 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +72.9% | 0.96% | +0.43 |
| AVLV Avantis US Large Cap Value | Add +43.5% | 1.56% | +0.39 |
| VCIT Vanguard Int-Term Corporate | Add +6.5% | 2.71% | +0.37 |
| APO Apollo Global Management Inc. | New | 0.35% | +0.35 |
| TXUE Thornburg Interntin Eqty ETF | New | 0.28% | +0.28 |
| FBND Fidelity Total Bond ETF | Add +40.5% | 0.81% | +0.28 |
| AVUV Avantis US Small Cap Value | Add +27.4% | 3.11% | +0.26 |
| AVMV Avantis US Mid Cap Val ETF | Add +37.0% | 1.24% | +0.23 |
| CGCV Cap Group Conservative Eq | Add +132.8% | 0.39% | +0.22 |
| IEI iShares 3-7 Year Treasury Bo | Add +3.9% | 1.51% | +0.20 |
| GOVT iShares US Treasury Bond ETF | Add +7.1% | 1.14% | +0.18 |
| GCAL Dynamic California Muni ETF | Add +107.5% | 0.28% | +0.15 |
| CGCP Cap Group Core Plus Income | Add +40.8% | 0.38% | +0.13 |
| CLOI Vaneck Clo ETF | Add +7.1% | 0.94% | +0.12 |
| SHY iShares 1-3 Year Treasury Bo | Add +10.3% | 0.65% | +0.11 |
| CGSD Cap Group Short Duration | Add +6.9% | 0.78% | +0.11 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +30.6% | 0.37% | +0.11 |
| IJH iShares Core S&P Midcap ETF | Add +13.3% | 4.36% | +0.09 |
| CGGR Cap Group Growth Equity | Add +62.3% | 0.26% | +0.08 |
| SMIG Bahl & Gaynor S/M Inc. Growth | Add +124.1% | 0.12% | +0.06 |
| IVV iShares Core S&P 500 ETF | Add +9.1% | 9.90% | +0.06 |
| DON Wisdomtree US Midcap Dividen | Add +30.8% | 0.33% | +0.06 |
| CGBL Cap Group Core Balanced | New | 0.05% | +0.05 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +54.8% | 0.18% | +0.05 |
| PLTR Palantir Technologies Inc. Class A | New | 0.05% | +0.05 |
| VTEI Vanguard Int Tax-Exempt Bond | Add +23.9% | 0.18% | +0.04 |
| LLY Eli Lilly & Co. | Add +16.9% | 0.26% | +0.04 |
| TBLD Thornburg Income Builder Opp | Add +17.9% | 0.16% | +0.04 |
| MCD McDonald's Corp. | Add +0.1% | 0.27% | +0.03 |
| URI United Rentals Inc. | Add +42.6% | 0.11% | +0.02 |
| F Ford Motor Co. | New | 0.02% | +0.02 |
| COP Conocophillips | Add +41.2% | 0.06% | +0.01 |
| NFLX Netflix Inc. | Add +13.9% | 0.08% | +0.01 |
| IBM Intl Business Machines Corp. | Add +2.2% | 0.11% | +0.01 |
| BIZD Vaneck BDC Income ETF | Add +10.9% | 0.57% | +0.01 |
| ABT Abbott Laboratories | Add +0.4% | 0.06% | +0.01 |
| ARES Ares Management Corp. Class A | Add +56.4% | 0.06% | +0.01 |
| DRLL Strive US Energy ETF | Add +5.8% | 0.37% | +0.01 |
| USMV iShares MSCI USA Min Vol Fac | Add +2.2% | 0.12% | +0.01 |
| VZ Verizon Communications Inc. | Add +1.0% | 0.06% | +0.01 |
| PTNQ Pacer Trendpilot 100 ETF | Add +3.9% | 0.62% | +0.01 |
| DURA Vaneck Durable High Dividend | Add +4.2% | 0.10% | +0.00 |
| SDY SS SPDR S&P Dividend ETF | Add +0.1% | 0.23% | +0.00 |
| CGGO Cap Group Global Growth | Add +6.9% | 1.04% | +0.00 |
| VEA Vanguard Ftse Developed ETF | Add +0.3% | 0.07% | +0.00 |
| SCI Service Corp. International | Add +0.1% | 0.05% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +5.1% | 0.37% | +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 |