Financial Management Network Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 10, 2025), Financial Management Network Inc. reported 176 stock positions worth $558.1 million. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.3% of the portfolio, followed by Vaneck Morningstar Wide Moat (MOAT, 8.7%) and iShares Core S&P Midcap ETF (IJH, 4.4%). Compared with Q1 2025, it opened 25 new positions, sold out of 2, added to 84 and reduced 54. The biggest buy was a new position in Alerian MLP ETF (AMLP) and the biggest sale Pacer Global Cash Cows Divid (GCOW, shares −12%).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $558.1M (Q2 2025)
- SEC Filing
- 0001754960-25-000332 ↗ filed Jul 10, 2025
Holdings Value
Holdings 176 stocks · $558.1M
| IVV iShares Core S&P 500 ETF | 10.26% | 91,153 | $57.3M | Add +5.0% |
| MOAT Vaneck Morningstar Wide Moat | 8.68% | 500,000 | $48.4M | Reduce -0.6% |
| IJH iShares Core S&P Midcap ETF | 4.43% | 387,518 | $24.7M | Add +4.6% |
| IJR iShares Core S&P Small-Cap E | 3.68% | 181,803 | $20.6M | Add +8.7% |
| SMOT Vaneck Morningstar Smid Moat | 3.62% | 561,077 | $20.2M | Add +1.1% |
| AVUV Avantis US Small Cap Value | 3.47% | 204,092 | $19.4M | Add +14.0% |
| AVDV Avantis Intl S/C Value ETF | 3.06% | 213,170 | $17.1M | Add +2.1% |
| VCIT Vanguard Int-Term Corporate | 2.91% | 197,191 | $16.3M | Add +32.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.60% | 275,445 | $14.5M | Add +2.3% |
| AAPL Apple Inc. | 2.53% | 66,039 | $14.1M | Add +1.4% |
| GCOW Pacer Global Cash Cows Divid | 2.24% | 324,324 | $12.5M | Reduce -12.0% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.13% | 437,089 | $11.9M | Reduce -3.9% |
| NVDA Nvidia Corp. | 1.80% | 63,124 | $10.1M | Add +0.5% |
| AMLP Alerian MLP ETF | 1.52% | 172,486 | $8.5M | New |
| MSFT Microsoft Corp. | 1.48% | 16,507 | $8.2M | Add +2.9% |
| AVLV Avantis US Large Cap Value | 1.46% | 116,644 | $8.1M | Reduce -2.1% |
| IVW iShares S&P 500 Growth ETF | 1.41% | 71,117 | $7.9M | Reduce -0.8% |
| AVMV Avantis US Mid Cap Val ETF | 1.32% | 110,242 | $7.4M | Add +9.9% |
| VHT Vanguard Health Care ETF | 1.31% | 29,309 | $7.3M | Reduce -0.2% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.27% | 265,651 | $7.1M | Add +10.7% |
| V Visa Inc. Class A | 1.18% | 18,298 | $6.6M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 1.12% | 28,002 | $6.3M | Add +1.3% |
| IEI iShares 3-7 Year Treasury Bo | 1.08% | 50,980 | $6.0M | Reduce -10.1% |
| AVIV Avantis Intl LRG Cap Val ETF | 1.08% | 95,950 | $6.0M | Add +13.9% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.06% | 183,759 | $5.9M | Add +2.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.02% | 111,953 | $5.7M | Add +0.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.98% | 49,537 | $5.5M | Reduce -8.9% |
| GOVT iShares US Treasury Bond ETF | 0.86% | 210,554 | $4.8M | Reduce -4.6% |
| WINN Harbor Long-Term Growers ETF | 0.81% | 154,799 | $4.5M | Add +8.2% |
| TXUE Thornburg Interntin Eqty ETF | 0.79% | 148,443 | $4.4M | Add +180.8% |
| TSLA Tesla Inc. | 0.77% | 13,686 | $4.3M | Reduce -2.0% |
| ARCC Ares Capital Corp. | 0.77% | 191,637 | $4.3M | Reduce -0.2% |
| IAU iShares Gold Trust | 0.77% | 67,945 | $4.3M | Reduce -3.0% |
| FBND Fidelity Total Bond ETF | 0.76% | 93,122 | $4.2M | Add +17.8% |
| CLOI Vaneck Clo ETF | 0.75% | 79,320 | $4.2M | Reduce -1.6% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.73% | 141,692 | $4.1M | Add +102.9% |
| COWZ Pacer US Cash Cows 100 ETF | 0.70% | 68,884 | $3.9M | Reduce -37.1% |
| CGSD Cap Group Short Duration | 0.68% | 147,558 | $3.8M | Add +10.2% |
| VIG Vanguard Dividend Apprec ETF | 0.68% | 18,350 | $3.8M | Add +0.1% |
| STXK Strive Small-Cap ETF | 0.65% | 115,025 | $3.6M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.58% | 17,919 | $3.2M | Reduce -0.9% |
| GOOG Alphabet Inc. Class C | 0.57% | 17,645 | $3.2M | Add +0.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.54% | 5,454 | $3.0M | Add +4.8% |
| BIZD Vaneck BDC Income ETF | 0.54% | 184,226 | $3.0M | Add +3.3% |
| CGGR Cap Group Growth Equity | 0.52% | 71,421 | $2.9M | Add +89.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.52% | 4 | $2.9M | No change |
| SHY iShares 1-3 Year Treasury Bo | 0.51% | 34,735 | $2.9M | Reduce -1.2% |
| PTNQ Pacer Trendpilot 100 ETF | 0.50% | 38,442 | $2.8M | Reduce -5.8% |
| KKR KKR & Co. Inc. | 0.49% | 19,862 | $2.8M | Add +18.1% |
| STXF Strive 500 ETF | 0.49% | 67,252 | $2.7M | Add +6.6% |
| JEPI JPMorgan Equity Premium Inco | 0.48% | 46,905 | $2.7M | Add +3.5% |
| JPM JPMorgan Chase & Co. | 0.46% | 8,734 | $2.6M | Add +15.1% |
| SPG Simon Property Group Inc. | 0.44% | 14,833 | $2.5M | Add +0.1% |
| VNQ Vanguard Real Estate ETF | 0.44% | 27,456 | $2.5M | Add +2.1% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.40% | 53,827 | $2.2M | Reduce -42.9% |
| CGCP Cap Group Core Plus Income | 0.39% | 96,143 | $2.2M | Add +24.6% |
| GLD SPDR Gold Shares | 0.38% | 6,844 | $2.1M | Add +0.3% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.36% | 20,844 | $2.0M | Reduce -28.1% |
| DON Wisdomtree US Midcap Dividen | 0.35% | 37,644 | $1.9M | Add +15.0% |
| HD Home Depot Inc. | 0.34% | 5,079 | $1.9M | Reduce -1.8% |
| CVX Chevron Corp. | 0.33% | 12,248 | $1.8M | Add +1.0% |
| DRLL Strive US Energy ETF | 0.30% | 60,710 | $1.7M | Reduce -7.9% |
| IWF iShares Russell 1000 Growth | 0.28% | 3,686 | $1.6M | No change |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.26% | 28,938 | $1.5M | Reduce -11.9% |
| META Meta Platforms Inc. Class A | 0.26% | 2,018 | $1.5M | Reduce -2.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.24% | 4,279 | $1.3M | Reduce -0.2% |
| CAT Caterpillar Inc. | 0.23% | 3,289 | $1.3M | Add +11.8% |
| MA Mastercard Inc. Class A | 0.22% | 2,154 | $1.2M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.21% | 1,522 | $1.2M | Reduce -3.9% |
| MCD McDonald's Corp. | 0.21% | 4,006 | $1.2M | Reduce -1.4% |
| SDY SS SPDR S&P Dividend ETF | 0.20% | 8,237 | $1.1M | Reduce -0.1% |
| FBRT Franklin BSP Realty Trust Inc. | 0.20% | 104,574 | $1.1M | Reduce -0.2% |
| HON Honeywell International Inc. | 0.20% | 4,686 | $1.1M | Add +0.0% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.20% | 15,282 | $1.1M | Add +1.1% |
| AXP American Express Co. | 0.19% | 3,315 | $1.1M | Add +2.8% |
| GCAL Dynamic California Muni ETF | 0.19% | 21,309 | $1.1M | Reduce -16.2% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.19% | 10,547 | $1.0M | Add +26.1% |
| PANW Palo Alto Networks Inc. | 0.19% | 5,126 | $1.0M | Add +2.4% |
| VDE Vanguard Energy ETF | 0.18% | 8,341 | $1.0M | Reduce -0.8% |
| BA The Boeing Co. | 0.18% | 4,578 | $989K | Add +2.9% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.17% | 19,127 | $955K | Add +3.2% |
| ROK Rockwell Automation Inc. | 0.17% | 2,700 | $937K | Add +0.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.17% | 6,825 | $931K | Add +1.8% |
| FBTC Fidelity Wise Origin Bitcoin | 0.17% | 9,730 | $929K | New |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.17% | 16,566 | $927K | Add +0.4% |
| TBLD Thornburg Income Builder Opp | 0.15% | 43,627 | $865K | Add +0.5% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.15% | 23,955 | $854K | New |
| VOO Vanguard S&P 500 ETF | 0.15% | 1,470 | $846K | Add +1.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.15% | 2,263 | $835K | Add +0.6% |
| STXE Strive Em Markets Ex-China | 0.15% | 26,307 | $829K | Reduce -18.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,310 | $819K | Reduce -1.1% |
| OSEA Harbor Intl Compounders ETF | 0.14% | 26,420 | $775K | Reduce -10.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.13% | 2,502 | $730K | Add +11.6% |
| XOM Exxon Mobil Corp. | 0.13% | 6,501 | $729K | Reduce -0.0% |
| AVGO Broadcom Inc. | 0.13% | 2,588 | $712K | Reduce -5.3% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.13% | 14,542 | $712K | Add +2.1% |
| URI United Rentals Inc. | 0.13% | 897 | $711K | No change |
| AMGN Amgen Inc. | 0.13% | 2,345 | $699K | Add +4.5% |
| FUTY Fidelity MSCI US Utilities | 0.12% | 12,851 | $678K | Reduce -0.2% |
| ADBE Adobe Inc. | 0.12% | 1,776 | $674K | Reduce -15.6% |
Portfolio Sells Q1 2025 → Q2 2025
| GCOW Pacer Global Cash Cows Divid | Reduce -12.0% | 2.24% | −0.53 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -37.1% | 0.70% | −0.50 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -10.1% | 1.08% | −0.43 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -8.9% | 0.98% | −0.37 |
| APO Apollo Global Management Inc. | Sold out | 0.00% | −0.35 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -42.9% | 0.40% | −0.30 |
| VHT Vanguard Health Care ETF | Reduce -0.2% | 1.31% | −0.30 |
| GOVT iShares US Treasury Bond ETF | Reduce -4.6% | 0.86% | −0.28 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -28.1% | 0.36% | −0.27 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.6% | 8.68% | −0.21 |
| CLOI Vaneck Clo ETF | Reduce -1.6% | 0.75% | −0.19 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.2% | 0.51% | −0.14 |
| V Visa Inc. Class A | Reduce -0.9% | 1.18% | −0.12 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -5.8% | 0.50% | −0.12 |
| IAU iShares Gold Trust | Reduce -3.0% | 0.77% | −0.12 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Reduce -11.9% | 0.26% | −0.11 |
| AVLV Avantis US Large Cap Value | Reduce -2.1% | 1.46% | −0.10 |
| GCAL Dynamic California Muni ETF | Reduce -16.2% | 0.19% | −0.09 |
| CGXU Cap Group Intl Focus | Reduce -3.9% | 2.13% | −0.08 |
| DURA Vaneck Durable High Dividend | Reduce -58.1% | 0.04% | −0.07 |
| ARCC Ares Capital Corp. | Reduce -0.2% | 0.77% | −0.06 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -0.2% | 0.20% | −0.06 |
| MCD McDonald's Corp. | Reduce -1.4% | 0.21% | −0.06 |
| DRLL Strive US Energy ETF | Reduce -7.9% | 0.30% | −0.06 |
| SHYG iShares 0-5 YR HY Corp. Bond | Reduce -25.0% | 0.10% | −0.06 |
| HD Home Depot Inc. | Reduce -1.8% | 0.34% | −0.06 |
| KHC The Kraft Heinz Co. | Sold out | 0.00% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -3.9% | 0.21% | −0.05 |
| ADBE Adobe Inc. | Reduce -15.6% | 0.12% | −0.04 |
| STXE Strive Em Markets Ex-China | Reduce -18.5% | 0.15% | −0.04 |
| PEP Pepsico Inc. | Reduce -10.4% | 0.05% | −0.03 |
| SDY SS SPDR S&P Dividend ETF | Reduce -0.1% | 0.20% | −0.02 |
| VDE Vanguard Energy ETF | Reduce -0.8% | 0.18% | −0.02 |
| OSEA Harbor Intl Compounders ETF | Reduce -10.6% | 0.14% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -30.1% | 0.05% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -0.9% | 0.58% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.0% | 0.13% | −0.02 |
| AXON Axon Enterprise Inc. | Reduce -45.5% | 0.04% | −0.02 |
| SMIG Bahl & Gaynor S/M Inc. Growth | Reduce -6.2% | 0.10% | −0.02 |
| FUTY Fidelity MSCI US Utilities | Reduce -0.2% | 0.12% | −0.02 |
| MAC The Macerich Co. | Reduce -3.6% | 0.09% | −0.01 |
| SCHX Schwab US Large-Cap ETF | Reduce -7.5% | 0.10% | −0.01 |
| CGBL Cap Group Core Balanced | Reduce -8.8% | 0.05% | −0.01 |
| IWN iShares Russell 2000 Value E | Reduce -6.2% | 0.06% | −0.01 |
| SPSM SS SPDR P S&P 600 Small Cap | Reduce -0.3% | 0.12% | −0.00 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.1% | 0.15% | −0.00 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.2% | 0.24% | −0.00 |
| MTB M & T Bank Corp. | Reduce -4.5% | 0.10% | −0.00 |
| SMMD iShares Russell 2500 ETF | Reduce -2.1% | 0.07% | −0.00 |
| QCOM Qualcomm Inc. | Reduce -0.0% | 0.07% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| AMLP Alerian MLP ETF | New | 1.52% | +1.52 |
| TXUE Thornburg Interntin Eqty ETF | Add +180.8% | 0.79% | +0.51 |
| NVDA Nvidia Corp. | Add +0.5% | 1.80% | +0.42 |
| AVUV Avantis US Small Cap Value | Add +14.0% | 3.47% | +0.37 |
| IVV iShares Core S&P 500 ETF | Add +5.0% | 10.26% | +0.36 |
| CGCV Cap Group Conservative Eq | Add +102.9% | 0.73% | +0.35 |
| CGGR Cap Group Growth Equity | Add +89.7% | 0.52% | +0.26 |
| VCIT Vanguard Int-Term Corporate | Add +32.1% | 2.91% | +0.20 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Add +10.7% | 1.27% | +0.20 |
| MSFT Microsoft Corp. | Add +2.9% | 1.48% | +0.18 |
| IJR iShares Core S&P Small-Cap E | Add +8.7% | 3.68% | +0.17 |
| FBTC Fidelity Wise Origin Bitcoin | New | 0.17% | +0.17 |
| AVDV Avantis Intl S/C Value ETF | Add +2.1% | 3.06% | +0.16 |
| SLB SLB Ltd. | New | 0.15% | +0.15 |
| KKR KKR & Co. Inc. | Add +18.1% | 0.49% | +0.12 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +13.9% | 1.08% | +0.12 |
| WINN Harbor Long-Term Growers ETF | Add +8.2% | 0.81% | +0.11 |
| JPM JPMorgan Chase & Co. | Add +15.1% | 0.46% | +0.10 |
| AVMV Avantis US Mid Cap Val ETF | Add +9.9% | 1.32% | +0.09 |
| IJH iShares Core S&P Midcap ETF | Add +4.6% | 4.43% | +0.07 |
| EFA iShares MSCI Eafe ETF | New | 0.06% | +0.06 |
| CRM Salesforce Inc. | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | New | 0.06% | +0.06 |
| WFC Wells Fargo & Co. | New | 0.06% | +0.06 |
| UWM Proshares Ultra RUSSELL2000 | New | 0.05% | +0.05 |
| UBER Uber Technologies Inc. | New | 0.05% | +0.05 |
| CAT Caterpillar Inc. | Add +11.8% | 0.23% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.8% | 0.54% | +0.05 |
| GWX State Street SPDR S&P Intern | New | 0.04% | +0.04 |
| DIA SS SPDR Dow Jones Indus Avg | New | 0.04% | +0.04 |
| DE Deere & Co. | New | 0.04% | +0.04 |
| NFLX Netflix Inc. | Add +25.9% | 0.12% | +0.04 |
| ESGE iShares Inc. iShares ESG Awar | New | 0.04% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | New | 0.04% | +0.04 |
| QDPL Pacer Met US LRG Cap DVD 400 | New | 0.04% | +0.04 |
| SPXL Direxion Daily S&P 500 Bull | New | 0.04% | +0.04 |
| KO The Coca-Cola Co. | New | 0.04% | +0.04 |
| KEYS Keysight Technologies Inc. | New | 0.04% | +0.04 |
| BA The Boeing Co. | Add +2.9% | 0.18% | +0.04 |
| TMO Thermo Fisher Scientific Inc. | New | 0.04% | +0.04 |
| OXY Occidental Petroleum Corp. | New | 0.04% | +0.04 |
| XLK SS Technology Select Sector | New | 0.04% | +0.04 |
| PM Philip Morris International | New | 0.04% | +0.04 |
| JEPQ JPM Nasdaq Equity Premium | New | 0.04% | +0.04 |
| OSCR Oscar Health Inc. Class A | New | 0.04% | +0.04 |
| SCHM Schwab US Mid Cap ETF | New | 0.04% | +0.04 |
| GS Goldman Sachs Group Inc. | Add +19.5% | 0.10% | +0.03 |
| PLTR Palantir Technologies Inc. Class A | Add +18.6% | 0.08% | +0.03 |
| AMZN Amazon.com Inc. | Add +1.3% | 1.12% | +0.03 |
| ROK Rockwell Automation Inc. | Add +0.0% | 0.17% | +0.03 |
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 |