Financial Management Network Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Financial Management Network Inc. reported 186 stock positions worth $606.4 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, 8.1%) and iShares Core S&P Midcap ETF (IJH, 4.3%). Compared with Q2 2025, it opened 21 new positions, sold out of 11, added to 94 and reduced 59. The biggest buy was Avantis US Small Cap Value (AVUV, shares +20%) and the biggest sale an exit from Alerian MLP ETF (AMLP).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $606.4M (Q3 2025)
- SEC Filing
- 0001754960-25-000719 ↗ filed Oct 29, 2025
Holdings Value
Holdings 186 stocks · $606.4M
| IVV iShares Core S&P 500 ETF | 10.27% | 92,282 | $62.3M | Add +1.2% |
| MOAT Vaneck Morningstar Wide Moat | 8.09% | 485,935 | $49.1M | Reduce -2.8% |
| IJH iShares Core S&P Midcap ETF | 4.30% | 395,707 | $26.1M | Add +2.1% |
| AVUV Avantis US Small Cap Value | 4.06% | 244,757 | $24.6M | Add +19.9% |
| IJR iShares Core S&P Small-Cap E | 3.75% | 189,929 | $22.7M | Add +4.5% |
| AVDV Avantis Intl S/C Value ETF | 3.46% | 232,767 | $21.0M | Add +9.2% |
| SMOT Vaneck Morningstar Smid Moat | 3.30% | 552,138 | $20.0M | Reduce -1.6% |
| VCIT Vanguard Int-Term Corporate | 3.08% | 222,374 | $18.7M | Add +12.8% |
| AAPL Apple Inc. | 2.88% | 68,100 | $17.5M | Add +3.1% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.54% | 289,578 | $15.4M | Add +5.1% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.19% | 436,916 | $13.3M | Reduce -0.0% |
| NVDA Nvidia Corp. | 1.98% | 64,644 | $12.0M | Add +2.4% |
| GCOW Pacer Global Cash Cows Divid | 1.73% | 261,833 | $10.5M | Reduce -19.3% |
| MSFT Microsoft Corp. | 1.46% | 16,785 | $8.9M | Add +1.7% |
| IVW iShares S&P 500 Growth ETF | 1.39% | 69,525 | $8.5M | Reduce -2.2% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.36% | 279,968 | $8.3M | Add +5.4% |
| AVLV Avantis US Large Cap Value | 1.35% | 112,338 | $8.2M | Reduce -3.7% |
| AVIV Avantis Intl LRG Cap Val ETF | 1.34% | 118,688 | $8.1M | Add +23.7% |
| AVMV Avantis US Mid Cap Val ETF | 1.33% | 116,293 | $8.1M | Add +5.5% |
| TXUE Thornburg Interntin Eqty ETF | 1.24% | 244,447 | $7.5M | Add +64.7% |
| VHT Vanguard Health Care ETF | 1.21% | 27,373 | $7.3M | Reduce -6.6% |
| TSLA Tesla Inc. | 1.09% | 14,623 | $6.6M | Add +6.8% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.07% | 186,723 | $6.5M | Add +1.6% |
| AMZN Amazon.com Inc. | 1.07% | 29,250 | $6.5M | Add +4.5% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.05% | 124,538 | $6.4M | Add +11.2% |
| V Visa Inc. Class A | 1.03% | 17,907 | $6.3M | Reduce -2.1% |
| IEI iShares 3-7 Year Treasury Bo | 1.03% | 52,435 | $6.2M | Add +2.9% |
| CGSD Cap Group Short Duration | 1.00% | 232,767 | $6.1M | Add +57.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.95% | 52,149 | $5.7M | Add +5.3% |
| GOVT iShares US Treasury Bond ETF | 0.88% | 231,109 | $5.3M | Add +9.8% |
| IAU iShares Gold Trust | 0.86% | 69,775 | $5.2M | Add +2.7% |
| WINN Harbor Long-Term Growers ETF | 0.82% | 158,289 | $5.0M | Add +2.3% |
| GOOGL Alphabet Inc. Class A | 0.82% | 19,830 | $5.0M | Add +10.7% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.82% | 163,457 | $5.0M | Add +15.4% |
| FBND Fidelity Total Bond ETF | 0.78% | 102,414 | $4.7M | Add +10.0% |
| CLOI Vaneck Clo ETF | 0.76% | 87,241 | $4.6M | Add +10.0% |
| CGGR Cap Group Growth Equity | 0.71% | 96,561 | $4.3M | Add +35.2% |
| GOOG Alphabet Inc. Class C | 0.70% | 16,793 | $4.2M | Reduce -4.8% |
| VIG Vanguard Dividend Apprec ETF | 0.66% | 18,439 | $4.0M | Add +0.5% |
| STXK Strive Small-Cap ETF | 0.65% | 117,972 | $4.0M | Add +2.6% |
| ARCC Ares Capital Corp. | 0.61% | 183,961 | $3.7M | Reduce -4.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 5,504 | $3.3M | Add +0.9% |
| SHY iShares 1-3 Year Treasury Bo | 0.53% | 38,996 | $3.2M | Add +12.3% |
| JEPI JPMorgan Equity Premium Inco | 0.52% | 55,481 | $3.2M | Add +18.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.50% | 4 | $3.0M | No change |
| STXF Strive 500 ETF | 0.49% | 68,816 | $3.0M | Add +2.3% |
| SPG Simon Property Group Inc. | 0.47% | 15,777 | $2.8M | Add +6.4% |
| PTNQ Pacer Trendpilot 100 ETF | 0.46% | 35,722 | $2.8M | Reduce -7.1% |
| JPM JPMorgan Chase & Co. | 0.45% | 8,882 | $2.7M | Add +1.7% |
| BIZD Vaneck BDC Income ETF | 0.44% | 186,509 | $2.7M | Add +1.2% |
| GLD SPDR Gold Shares | 0.41% | 6,776 | $2.5M | Reduce -1.0% |
| CGCP Cap Group Core Plus Income | 0.38% | 100,024 | $2.3M | Add +4.0% |
| KKR KKR & Co. Inc. | 0.36% | 17,425 | $2.2M | Reduce -12.3% |
| HD Home Depot Inc. | 0.33% | 5,207 | $2.0M | Add +2.5% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.33% | 20,327 | $2.0M | Reduce -2.5% |
| VNQ Vanguard Real Estate ETF | 0.33% | 22,234 | $2.0M | Reduce -19.0% |
| AVGO Broadcom Inc. | 0.33% | 5,949 | $2.0M | Add +129.9% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.33% | 39,049 | $2.0M | Add +34.9% |
| CAT Caterpillar Inc. | 0.32% | 3,932 | $1.9M | Add +19.6% |
| DON Wisdomtree US Midcap Dividen | 0.32% | 36,409 | $1.9M | Reduce -3.3% |
| CVX Chevron Corp. | 0.31% | 12,146 | $1.9M | Reduce -0.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.31% | 32,017 | $1.9M | Reduce -53.5% |
| IWF iShares Russell 1000 Growth | 0.28% | 3,636 | $1.7M | Reduce -1.4% |
| META Meta Platforms Inc. Class A | 0.26% | 2,200 | $1.6M | Add +9.0% |
| DRLL Strive US Energy ETF | 0.24% | 49,662 | $1.4M | Reduce -18.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 4,135 | $1.4M | Reduce -3.4% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.23% | 26,178 | $1.4M | Add +36.9% |
| MA Mastercard Inc. Class A | 0.22% | 2,297 | $1.3M | Add +6.6% |
| AXP American Express Co. | 0.20% | 3,711 | $1.2M | Add +11.9% |
| FBRT Franklin BSP Realty Trust Inc. | 0.20% | 113,189 | $1.2M | Add +8.2% |
| GCAL Dynamic California Muni ETF | 0.20% | 24,036 | $1.2M | Add +12.8% |
| PANW Palo Alto Networks Inc. | 0.20% | 5,718 | $1.2M | Add +11.6% |
| MCD McDonald's Corp. | 0.20% | 4,012 | $1.2M | Add +0.1% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.19% | 11,693 | $1.2M | Add +10.9% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.19% | 14,820 | $1.2M | Reduce -3.0% |
| CALF PCR US SM CP CSH CWS ETF-Usd | 0.19% | 26,583 | $1.2M | Reduce -50.6% |
| GPZ Vaneck Alt Asset Manager ETF | 0.19% | 41,175 | $1.1M | New |
| SDY SS SPDR S&P Dividend ETF | 0.18% | 7,900 | $1.1M | Reduce -4.1% |
| FBTC Fidelity Wise Origin Bitcoin | 0.18% | 9,785 | $1.1M | Add +0.6% |
| LLY Eli Lilly & Co. | 0.17% | 1,244 | $1.1M | Reduce -18.3% |
| HON Honeywell International Inc. | 0.16% | 4,687 | $980K | Add +0.0% |
| URI United Rentals Inc. | 0.16% | 989 | $977K | Add +10.3% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.16% | 28,157 | $974K | Add +17.5% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.16% | 16,605 | $959K | Add +0.2% |
| ROK Rockwell Automation Inc. | 0.16% | 2,727 | $951K | Add +1.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.15% | 2,263 | $922K | No change |
| VOO Vanguard S&P 500 ETF | 0.15% | 1,492 | $921K | Add +1.5% |
| VDE Vanguard Energy ETF | 0.15% | 7,253 | $915K | Reduce -13.0% |
| IJT iShares S&P Small-Cap 600 GR | 0.15% | 6,323 | $899K | Reduce -7.4% |
| TBLD Thornburg Income Builder Opp | 0.15% | 44,580 | $898K | Add +2.2% |
| STXE Strive Em Markets Ex-China | 0.15% | 26,415 | $892K | Add +0.4% |
| BA The Boeing Co. | 0.14% | 3,967 | $872K | Reduce -13.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 1,288 | $865K | Reduce -1.7% |
| NFLX Netflix Inc. | 0.14% | 743 | $864K | Add +44.0% |
| EFA iShares MSCI Eafe ETF | 0.14% | 8,983 | $856K | Add +131.7% |
| ABBV Abbvie Inc. | 0.14% | 3,627 | $835K | Add +50.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.12% | 2,521 | $730K | Add +0.8% |
| ORCL Oracle Corp. | 0.12% | 2,464 | $719K | Add +78.7% |
| AMGN Amgen Inc. | 0.12% | 2,430 | $715K | Add +3.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 13,893 | $700K | Reduce -4.5% |
Portfolio Sells Q2 2025 → Q3 2025
| AMLP Alerian MLP ETF | Sold out | 0.00% | −1.52 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -2.8% | 8.09% | −0.59 |
| GCOW Pacer Global Cash Cows Divid | Reduce -19.3% | 1.73% | −0.52 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -53.5% | 0.31% | −0.39 |
| SMOT Vaneck Morningstar Smid Moat | Reduce -1.6% | 3.30% | −0.31 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -50.6% | 0.19% | −0.21 |
| ARCC Ares Capital Corp. | Reduce -4.0% | 0.61% | −0.16 |
| V Visa Inc. Class A | Reduce -2.1% | 1.03% | −0.15 |
| KKR KKR & Co. Inc. | Reduce -12.3% | 0.36% | −0.13 |
| AVLV Avantis US Large Cap Value | Reduce -3.7% | 1.35% | −0.11 |
| VNQ Vanguard Real Estate ETF | Reduce -19.0% | 0.33% | −0.11 |
| VHT Vanguard Health Care ETF | Reduce -6.6% | 1.21% | −0.10 |
| RWT HOLDINGS INC (RWT 5.75 10/01/25) | Sold out | 0.00% | −0.09 |
| DRLL Strive US Energy ETF | Reduce -18.2% | 0.24% | −0.07 |
| UWM Proshares Ultra RUSSELL2000 | Sold out | 0.00% | −0.05 |
| TFC Truist Financial Corp. | Reduce -32.0% | 0.07% | −0.04 |
| DE Deere & Co. | Sold out | 0.00% | −0.04 |
| ESGE iShares Inc. iShares ESG Awar | Sold out | 0.00% | −0.04 |
| LLY Eli Lilly & Co. | Reduce -18.3% | 0.17% | −0.04 |
| SPXL Direxion Daily S&P 500 Bull | Sold out | 0.00% | −0.04 |
| DURA Vaneck Durable High Dividend | Sold out | 0.00% | −0.04 |
| PM Philip Morris International | Sold out | 0.00% | −0.04 |
| FDEV Fidelity Intl Multifact ETF | Reduce -35.3% | 0.06% | −0.04 |
| BA The Boeing Co. | Reduce -13.3% | 0.14% | −0.03 |
| DON Wisdomtree US Midcap Dividen | Reduce -3.3% | 0.32% | −0.03 |
| PTNQ Pacer Trendpilot 100 ETF | Reduce -7.1% | 0.46% | −0.03 |
| VDE Vanguard Energy ETF | Reduce -13.0% | 0.15% | −0.03 |
| VTEC Vanguard Ca Tax-Ex Bond | Reduce -2.5% | 0.33% | −0.03 |
| OSEA Harbor Intl Compounders ETF | Reduce -18.5% | 0.11% | −0.03 |
| PLTR Palantir Technologies Inc. Class A | Reduce -47.7% | 0.05% | −0.03 |
| SMIG Bahl & Gaynor S/M Inc. Growth | Reduce -22.0% | 0.07% | −0.03 |
| XOM Exxon Mobil Corp. | Reduce -16.0% | 0.10% | −0.03 |
| ISRG Intuitive Surgical Inc. | Reduce -0.4% | 0.08% | −0.03 |
| MTB M & T Bank Corp. | Reduce -12.7% | 0.07% | −0.02 |
| F Ford Motor Co. | Sold out | 0.00% | −0.02 |
| SDY SS SPDR S&P Dividend ETF | Reduce -4.1% | 0.18% | −0.02 |
| O Realty Income Corp. | Reduce -19.0% | 0.07% | −0.02 |
| ADBE Adobe Inc. | Reduce -1.0% | 0.10% | −0.02 |
| DIS The Walt Disney Co. | Reduce -3.9% | 0.08% | −0.02 |
| EAGG iShares ESG Aware US Aggrega | Reduce -24.4% | 0.05% | −0.02 |
| IJT iShares S&P Small-Cap 600 GR | Reduce -7.4% | 0.15% | −0.02 |
| SPYG SS SPDR P S&P 500 Growth ETF | Reduce -20.0% | 0.07% | −0.02 |
| IVW iShares S&P 500 Growth ETF | Reduce -2.2% | 1.39% | −0.02 |
| CVX Chevron Corp. | Reduce -0.8% | 0.31% | −0.02 |
| WFC Wells Fargo & Co. | Reduce -18.6% | 0.04% | −0.02 |
| REET iShares Global REIT ETF | Reduce -21.7% | 0.04% | −0.01 |
| BAC Bank of America Corp. | Reduce -4.5% | 0.12% | −0.01 |
| SBUX Starbucks Corp. | Reduce -5.8% | 0.04% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -3.4% | 0.23% | −0.01 |
| FUTY Fidelity MSCI US Utilities | Reduce -9.3% | 0.11% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| AVUV Avantis US Small Cap Value | Add +19.9% | 4.06% | +0.58 |
| TXUE Thornburg Interntin Eqty ETF | Add +64.7% | 1.24% | +0.46 |
| AVDV Avantis Intl S/C Value ETF | Add +9.2% | 3.46% | +0.40 |
| AAPL Apple Inc. | Add +3.1% | 2.88% | +0.36 |
| TSLA Tesla Inc. | Add +6.8% | 1.09% | +0.32 |
| CGSD Cap Group Short Duration | Add +57.8% | 1.00% | +0.31 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +23.7% | 1.34% | +0.26 |
| GOOGL Alphabet Inc. Class A | Add +10.7% | 0.82% | +0.24 |
| AVGO Broadcom Inc. | Add +129.9% | 0.33% | +0.20 |
| CGGR Cap Group Growth Equity | Add +35.2% | 0.71% | +0.19 |
| GPZ Vaneck Alt Asset Manager ETF | New | 0.19% | +0.19 |
| NVDA Nvidia Corp. | Add +2.4% | 1.98% | +0.18 |
| VCIT Vanguard Int-Term Corporate | Add +12.8% | 3.08% | +0.16 |
| TSM Taiwan Semiconductor-SP ADR | New | 0.10% | +0.10 |
| IAU iShares Gold Trust | Add +2.7% | 0.86% | +0.09 |
| FFLG Fidelity Fndmntl L/C GRW ETF | Add +5.4% | 1.36% | +0.09 |
| CAT Caterpillar Inc. | Add +19.6% | 0.32% | +0.09 |
| CGCV Cap Group Conservative Eq | Add +15.4% | 0.82% | +0.08 |
| EFA iShares MSCI Eafe ETF | Add +131.7% | 0.14% | +0.08 |
| IGF iShares Global Infrastructur | New | 0.07% | +0.07 |
| IJR iShares Core S&P Small-Cap E | Add +4.5% | 3.75% | +0.07 |
| SPDW Ste STR SPDR PT DW Eu ETF | New | 0.07% | +0.07 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +34.9% | 0.33% | +0.06 |
| CGHM Cap Group Muni High-Income | New | 0.06% | +0.06 |
| ORCL Oracle Corp. | Add +78.7% | 0.12% | +0.06 |
| ABBV Abbvie Inc. | Add +50.2% | 0.14% | +0.06 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +36.9% | 0.23% | +0.05 |
| BMNR Bitmine Immersion Technologi | New | 0.05% | +0.05 |
| SPYV SS SPDR P S&P 500 Value ETF | New | 0.05% | +0.05 |
| JEPI JPMorgan Equity Premium Inco | Add +18.3% | 0.52% | +0.04 |
| EOSE Eos Energy Enterprises Inc. | New | 0.04% | +0.04 |
| AMD Advanced Micro Devices | New | 0.04% | +0.04 |
| LMT Lockheed Martin Corp. | New | 0.04% | +0.04 |
| RCL Royal Caribbean Cruises Ltd. | New | 0.04% | +0.04 |
| INTC Intel Corp. | New | 0.04% | +0.04 |
| VRT Vertiv Holdings Co. Class A | New | 0.04% | +0.04 |
| RTX RTX Corp. | New | 0.04% | +0.04 |
| IDXX Idexx Laboratories Inc. | New | 0.04% | +0.04 |
| VGIT Vanguard Intermediate-Term T | New | 0.03% | +0.03 |
| AGG iShares Core U.S. Aggregate | New | 0.03% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | New | 0.03% | +0.03 |
| DVY iShares Select Dividend ETF | New | 0.03% | +0.03 |
| URI United Rentals Inc. | Add +10.3% | 0.16% | +0.03 |
| SNOW Snowflake Inc. | New | 0.03% | +0.03 |
| PSX Phillips 66 | New | 0.03% | +0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +11.2% | 1.05% | +0.03 |
| SPG Simon Property Group Inc. | Add +6.4% | 0.47% | +0.02 |
| NFLX Netflix Inc. | Add +44.0% | 0.14% | +0.02 |
| SCI Service Corp. International | Add +58.4% | 0.06% | +0.02 |
| SHY iShares 1-3 Year Treasury Bo | Add +12.3% | 0.53% | +0.02 |
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 |