Financial Management Network Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 8, 2026), Financial Management Network Inc. reported 186 stock positions worth $632.0 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, 7.9%) and Avantis US Small Cap Value (AVUV, 4.5%). Compared with Q3 2025, it opened 14 new positions, sold out of 14, added to 92 and reduced 70. The biggest buy was Avantis US Small Cap Value (AVUV, shares +14%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MISSION VIEJO, CA
- CIK
- 0001844831
- Portfolio Value
- $632.0M (Q4 2025)
- SEC Filing
- 0001754960-26-000016 ↗ filed Jan 8, 2026
Holdings Value
Holdings 186 stocks · $632.0M
| IVV iShares Core S&P 500 ETF | 9.93% | 91,498 | $62.8M | Reduce -0.8% |
| MOAT Vaneck Morningstar Wide Moat | 7.92% | 483,727 | $50.1M | Reduce -0.5% |
| AVUV Avantis US Small Cap Value | 4.54% | 278,082 | $28.7M | Add +13.6% |
| IJH iShares Core S&P Midcap ETF | 4.20% | 396,964 | $26.6M | Add +0.3% |
| IJR iShares Core S&P Small-Cap E | 3.69% | 191,997 | $23.3M | Add +1.1% |
| AVDV Avantis Intl S/C Value ETF | 3.58% | 238,590 | $22.6M | Add +2.5% |
| SMOT Vaneck Morningstar Smid Moat | 3.23% | 560,002 | $20.4M | Add +1.4% |
| VCIT Vanguard Int-Term Corporate | 2.94% | 221,648 | $18.6M | Reduce -0.3% |
| AAPL Apple Inc. | 2.88% | 67,267 | $18.2M | Reduce -1.2% |
| BINC iShares Flex I A ETF-Usd Inc. | 2.60% | 311,796 | $16.5M | Add +7.7% |
| CGXU Cap Group Intl Focus filed as CAPITAL GROUP INTL FOCUS EQT | 2.10% | 439,332 | $13.3M | Add +0.6% |
| NVDA Nvidia Corp. | 1.90% | 63,543 | $12.0M | Reduce -1.7% |
| GCOW Pacer Global Cash Cows Divid | 1.61% | 243,531 | $10.2M | Reduce -7.0% |
| AVIV Avantis Intl LRG Cap Val ETF | 1.57% | 137,841 | $9.9M | Add +16.1% |
| AVMV Avantis US Mid Cap Val ETF | 1.50% | 131,235 | $9.5M | Add +12.8% |
| AVLV Avantis US Large Cap Value | 1.43% | 117,450 | $9.0M | Add +4.5% |
| TXUE Thornburg Interntin Eqty ETF | 1.42% | 284,919 | $9.0M | Add +16.6% |
| IVW iShares S&P 500 Growth ETF | 1.34% | 68,600 | $8.5M | Reduce -1.3% |
| FFLG Fidelity Fndmntl L/C GRW ETF | 1.33% | 280,476 | $8.4M | Add +0.2% |
| MSFT Microsoft Corp. | 1.26% | 16,857 | $8.0M | Add +0.4% |
| VHT Vanguard Health Care ETF | 1.25% | 27,396 | $7.9M | Add +0.1% |
| TSLA Tesla Inc. | 1.13% | 16,323 | $7.2M | Add +11.6% |
| CGSD Cap Group Short Duration | 1.11% | 270,202 | $7.0M | Add +16.1% |
| AMZN Amazon.com Inc. | 1.06% | 29,552 | $6.7M | Add +1.0% |
| CGGO Cap Group Global Growth filed as CAPITAL GROUP GBL GROWTH EQT | 1.05% | 189,418 | $6.7M | Add +1.4% |
| GOOGL Alphabet Inc. Class A | 1.02% | 20,468 | $6.5M | Add +3.2% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.98% | 121,569 | $6.2M | Reduce -2.4% |
| V Visa Inc. Class A | 0.97% | 17,771 | $6.2M | Reduce -0.8% |
| GOVT iShares US Treasury Bond ETF | 0.95% | 261,521 | $6.0M | Add +13.2% |
| CGCV Cap Group Conservative Eq filed as CAPITAL GROUP CONSERVATIVE E | 0.95% | 196,025 | $6.0M | Add +19.9% |
| IEI iShares 3-7 Year Treasury Bo | 0.94% | 49,968 | $6.0M | Reduce -4.7% |
| FBND Fidelity Total Bond ETF | 0.90% | 123,217 | $5.7M | Add +20.3% |
| CLOI Vaneck Clo ETF | 0.88% | 105,188 | $5.6M | Add +20.6% |
| SHV iShares 0-1 Year Treasury Bo | 0.88% | 50,426 | $5.6M | Reduce -3.3% |
| GOOG Alphabet Inc. Class C | 0.87% | 17,448 | $5.5M | Add +3.9% |
| IAU iShares Gold Trust | 0.86% | 66,989 | $5.5M | Reduce -4.0% |
| WINN Harbor Long-Term Growers ETF | 0.81% | 164,130 | $5.1M | Add +3.7% |
| CGGR Cap Group Growth Equity | 0.76% | 108,026 | $4.8M | Add +11.9% |
| VIG Vanguard Dividend Apprec ETF | 0.64% | 18,458 | $4.1M | Add +0.1% |
| STXK Strive Small-Cap ETF | 0.60% | 113,281 | $3.8M | Reduce -4.0% |
| ARCC Ares Capital Corp. | 0.57% | 174,846 | $3.6M | Reduce -5.0% |
| JEPI JPMorgan Equity Premium Inco | 0.53% | 58,281 | $3.3M | Add +5.0% |
| QQQ Invesco QQQ Trust Series 1 | 0.52% | 5,372 | $3.3M | Reduce -2.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.50% | 38,295 | $3.2M | Reduce -1.8% |
| STXF Strive 500 ETF | 0.48% | 69,234 | $3.1M | Add +0.6% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.47% | 4 | $3.0M | No change |
| JPM JPMorgan Chase & Co. | 0.46% | 8,932 | $2.9M | Add +0.6% |
| PTNQ Pacer Trendpilot 100 ETF | 0.45% | 35,836 | $2.8M | Add +0.3% |
| GLD SPDR Gold Shares | 0.43% | 6,846 | $2.7M | Add +1.0% |
| CGCP Cap Group Core Plus Income | 0.43% | 120,414 | $2.7M | Add +20.4% |
| SPG Simon Property Group Inc. | 0.42% | 14,475 | $2.7M | Reduce -8.3% |
| CALI Ishrs SH-TRM Ca Muni Act ETF | 0.38% | 48,085 | $2.4M | Add +23.1% |
| BIZD Vaneck BDC Income ETF | 0.38% | 166,362 | $2.4M | Reduce -10.8% |
| CAT Caterpillar Inc. | 0.37% | 3,937 | $2.4M | Add +0.1% |
| VTEC Vanguard Ca Tax-Ex Bond | 0.35% | 21,960 | $2.2M | Add +8.0% |
| GPZ Vaneck Alt Asset Manager ETF | 0.31% | 70,012 | $1.9M | Add +70.0% |
| CVX Chevron Corp. | 0.30% | 12,338 | $1.9M | Add +1.6% |
| KKR KKR & Co. Inc. | 0.30% | 14,843 | $1.9M | Reduce -14.8% |
| COWZ Pacer US Cash Cows 100 ETF | 0.28% | 29,192 | $1.8M | Reduce -8.8% |
| VNQ Vanguard Real Estate ETF | 0.28% | 19,929 | $1.8M | Reduce -10.4% |
| HD Home Depot Inc. | 0.28% | 5,047 | $1.7M | Reduce -3.1% |
| AVGO Broadcom Inc. | 0.28% | 5,003 | $1.7M | Reduce -15.9% |
| IWF iShares Russell 1000 Growth | 0.27% | 3,568 | $1.7M | Reduce -1.9% |
| DON Wisdomtree US Midcap Dividen | 0.26% | 31,470 | $1.6M | Reduce -13.6% |
| GPIX GLDM SA S&P 500 PR in ETF-US | 0.25% | 30,507 | $1.6M | Add +16.5% |
| META Meta Platforms Inc. Class A | 0.23% | 2,242 | $1.5M | Add +1.9% |
| GCAL Dynamic California Muni ETF | 0.23% | 28,279 | $1.4M | Add +17.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.22% | 4,205 | $1.4M | Add +1.7% |
| AXP American Express Co. | 0.22% | 3,740 | $1.4M | Add +0.8% |
| LLY Eli Lilly & Co. | 0.21% | 1,249 | $1.3M | Add +0.4% |
| VTEI Vanguard Int Tax-Exempt Bond | 0.20% | 12,533 | $1.3M | Add +7.2% |
| MA Mastercard Inc. Class A | 0.19% | 2,117 | $1.2M | Reduce -7.8% |
| MCD McDonald's Corp. | 0.18% | 3,838 | $1.2M | Reduce -4.3% |
| SPYM Ste STR SPDR PT S&P 500 ETF | 0.18% | 14,378 | $1.2M | Reduce -3.0% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.18% | 28,466 | $1.1M | Add +1.1% |
| FBRT Franklin BSP Realty Trust Inc. | 0.18% | 112,031 | $1.1M | Reduce -1.0% |
| SDY SS SPDR S&P Dividend ETF | 0.18% | 7,909 | $1.1M | Add +0.1% |
| IGF iShares Global Infrastructur | 0.17% | 17,743 | $1.1M | Add +140.3% |
| APO Apollo Global Management Inc. | 0.17% | 7,449 | $1.1M | New |
| ROK Rockwell Automation Inc. | 0.17% | 2,639 | $1.1M | Reduce -3.2% |
| EFA iShares MSCI Eafe ETF | 0.16% | 10,593 | $1.0M | Add +17.9% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 1,450 | $991K | Add +12.6% |
| VOO Vanguard S&P 500 ETF | 0.16% | 1,570 | $987K | Add +5.2% |
| PANW Palo Alto Networks Inc. | 0.15% | 5,318 | $954K | Reduce -7.0% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.15% | 16,043 | $942K | Reduce -3.4% |
| DRLL Strive US Energy ETF | 0.15% | 32,214 | $935K | Reduce -35.1% |
| VDE Vanguard Energy ETF | 0.15% | 7,212 | $928K | Reduce -0.6% |
| STXE Strive Em Markets Ex-China | 0.15% | 25,106 | $928K | Reduce -5.0% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.15% | 2,253 | $926K | Reduce -0.4% |
| HON Honeywell International Inc. | 0.15% | 4,691 | $919K | Add +0.1% |
| IJT iShares S&P Small-Cap 600 GR | 0.14% | 6,325 | $902K | Add +0.0% |
| TBLD Thornburg Income Builder Opp | 0.14% | 44,031 | $889K | Reduce -1.2% |
| BA The Boeing Co. | 0.14% | 3,851 | $877K | Reduce -2.9% |
| RKLB Rocket Lab Corp. | 0.13% | 11,035 | $839K | Reduce -4.3% |
| URI United Rentals Inc. | 0.13% | 990 | $837K | Add +0.1% |
| AMGN Amgen Inc. | 0.13% | 2,433 | $797K | Add +0.1% |
| CSNR C&S Nat Resources Active ETF | 0.12% | 24,705 | $774K | New |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.12% | 13,747 | $769K | Reduce -1.1% |
| ABBV Abbvie Inc. | 0.12% | 3,337 | $765K | Reduce -8.0% |
| FBTC Fidelity Wise Origin Bitcoin | 0.12% | 9,785 | $765K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| IVV iShares Core S&P 500 ETF | Reduce -0.8% | 9.93% | −0.34 |
| MOAT Vaneck Morningstar Wide Moat | Reduce -0.5% | 7.92% | −0.17 |
| VCIT Vanguard Int-Term Corporate | Reduce -0.3% | 2.94% | −0.14 |
| GCOW Pacer Global Cash Cows Divid | Reduce -7.0% | 1.61% | −0.12 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Reduce -51.8% | 0.09% | −0.10 |
| DRLL Strive US Energy ETF | Reduce -35.1% | 0.15% | −0.09 |
| IEI iShares 3-7 Year Treasury Bo | Reduce -4.7% | 0.94% | −0.09 |
| NVDA Nvidia Corp. | Reduce -1.7% | 1.90% | −0.08 |
| SMIG Bahl & Gaynor S/M Inc. Growth | Sold out | 0.00% | −0.07 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -3.3% | 0.88% | −0.07 |
| SPDW Ste STR SPDR PT DW Eu ETF | Sold out | 0.00% | −0.07 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -2.4% | 0.98% | −0.07 |
| BIZD Vaneck BDC Income ETF | Reduce -10.8% | 0.38% | −0.07 |
| KKR KKR & Co. Inc. | Reduce -14.8% | 0.30% | −0.06 |
| ORCL Oracle Corp. | Reduce -23.3% | 0.06% | −0.06 |
| HD Home Depot Inc. | Reduce -3.1% | 0.28% | −0.06 |
| V Visa Inc. Class A | Reduce -0.8% | 0.97% | −0.06 |
| IVW iShares S&P 500 Growth ETF | Reduce -1.3% | 1.34% | −0.06 |
| DON Wisdomtree US Midcap Dividen | Reduce -13.6% | 0.26% | −0.06 |
| AVGO Broadcom Inc. | Reduce -15.9% | 0.28% | −0.05 |
| VNQ Vanguard Real Estate ETF | Reduce -10.4% | 0.28% | −0.05 |
| STXK Strive Small-Cap ETF | Reduce -4.0% | 0.60% | −0.05 |
| PANW Palo Alto Networks Inc. | Reduce -7.0% | 0.15% | −0.05 |
| OSEA Harbor Intl Compounders ETF | Reduce -41.2% | 0.06% | −0.05 |
| BMNR Bitmine Immersion Technologi | Sold out | 0.00% | −0.05 |
| SPYV SS SPDR P S&P 500 Value ETF | Sold out | 0.00% | −0.05 |
| ARCC Ares Capital Corp. | Reduce -5.0% | 0.57% | −0.04 |
| SPG Simon Property Group Inc. | Reduce -8.3% | 0.42% | −0.04 |
| IBIT iShares Bitcoin Trust ETF | Sold out | 0.00% | −0.04 |
| OSCR Oscar Health Inc. Class A | Sold out | 0.00% | −0.04 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.04 |
| NFLX Netflix Inc. | Reduce -0.4% | 0.11% | −0.04 |
| OXY Occidental Petroleum Corp. | Sold out | 0.00% | −0.04 |
| AXON Axon Enterprise Inc. | Sold out | 0.00% | −0.04 |
| AGG iShares Core U.S. Aggregate | Sold out | 0.00% | −0.03 |
| JEPQ JPM Nasdaq Equity Premium | Sold out | 0.00% | −0.03 |
| GWX State Street SPDR S&P Intern | Sold out | 0.00% | −0.03 |
| SNOW Snowflake Inc. | Sold out | 0.00% | −0.03 |
| PSX Phillips 66 | Sold out | 0.00% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -7.8% | 0.19% | −0.03 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.4% | 0.52% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.8% | 0.50% | −0.03 |
| COWZ Pacer US Cash Cows 100 ETF | Reduce -8.8% | 0.28% | −0.03 |
| O Realty Income Corp. | Reduce -24.7% | 0.05% | −0.02 |
| FBRT Franklin BSP Realty Trust Inc. | Reduce -1.0% | 0.18% | −0.02 |
| ADBE Adobe Inc. | Reduce -9.7% | 0.08% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -1.9% | 0.27% | −0.02 |
| ABBV Abbvie Inc. | Reduce -8.0% | 0.12% | −0.02 |
| MAC The Macerich Co. | Reduce -16.7% | 0.07% | −0.01 |
| MCD McDonald's Corp. | Reduce -4.3% | 0.18% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| AVUV Avantis US Small Cap Value | Add +13.6% | 4.54% | +0.48 |
| AVIV Avantis Intl LRG Cap Val ETF | Add +16.1% | 1.57% | +0.23 |
| GOOGL Alphabet Inc. Class A | Add +3.2% | 1.02% | +0.20 |
| TXUE Thornburg Interntin Eqty ETF | Add +16.6% | 1.42% | +0.18 |
| GOOG Alphabet Inc. Class C | Add +3.9% | 0.87% | +0.17 |
| APO Apollo Global Management Inc. | New | 0.17% | +0.17 |
| AVMV Avantis US Mid Cap Val ETF | Add +12.8% | 1.50% | +0.17 |
| CGCV Cap Group Conservative Eq | Add +19.9% | 0.95% | +0.13 |
| CSNR C&S Nat Resources Active ETF | New | 0.12% | +0.12 |
| GPZ Vaneck Alt Asset Manager ETF | Add +70.0% | 0.31% | +0.12 |
| CLOI Vaneck Clo ETF | Add +20.6% | 0.88% | +0.12 |
| FBND Fidelity Total Bond ETF | Add +20.3% | 0.90% | +0.12 |
| AVDV Avantis Intl S/C Value ETF | Add +2.5% | 3.58% | +0.11 |
| CGSD Cap Group Short Duration | Add +16.1% | 1.11% | +0.11 |
| IGF iShares Global Infrastructur | Add +140.3% | 0.17% | +0.10 |
| AVLV Avantis US Large Cap Value | Add +4.5% | 1.43% | +0.08 |
| GOVT iShares US Treasury Bond ETF | Add +13.2% | 0.95% | +0.07 |
| BINC iShares Flex I A ETF-Usd Inc. | Add +7.7% | 2.60% | +0.07 |
| HGER Harbor Commodity All Weather | New | 0.06% | +0.06 |
| CALI Ishrs SH-TRM Ca Muni Act ETF | Add +23.1% | 0.38% | +0.06 |
| CGCP Cap Group Core Plus Income | Add +20.4% | 0.43% | +0.06 |
| CGGR Cap Group Growth Equity | Add +11.9% | 0.76% | +0.05 |
| CAT Caterpillar Inc. | Add +0.1% | 0.37% | +0.05 |
| MEAR Ishrs Short Mat Muni Act ETF | New | 0.05% | +0.05 |
| CAIE Calamos Autocallable Inc. ETF | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +0.4% | 0.21% | +0.04 |
| VHT Vanguard Health Care ETF | Add +0.1% | 1.25% | +0.04 |
| TSLA Tesla Inc. | Add +11.6% | 1.13% | +0.04 |
| SPYI Neos S&P 500 High Income ETF | New | 0.04% | +0.04 |
| PM Philip Morris International | New | 0.03% | +0.03 |
| GPIQ GS Nasdaq-100 PR Inc. ETF-Usd | New | 0.03% | +0.03 |
| SCHF Schwab Intl Equity ETF | New | 0.03% | +0.03 |
| QQQI Neos Nasdaq-100 High Inc. ETF | New | 0.03% | +0.03 |
| DE Deere & Co. | New | 0.03% | +0.03 |
| IEF iShares 7-10 Year Treasury B | New | 0.03% | +0.03 |
| GPIX GLDM SA S&P 500 PR in ETF-US | Add +16.5% | 0.25% | +0.03 |
| GCAL Dynamic California Muni ETF | Add +17.6% | 0.23% | +0.03 |
| AMD Advanced Micro Devices | Add +55.9% | 0.07% | +0.03 |
| F Ford Motor Co. | New | 0.02% | +0.02 |
| GLD SPDR Gold Shares | Add +1.0% | 0.43% | +0.02 |
| EFA iShares MSCI Eafe ETF | Add +17.9% | 0.16% | +0.02 |
| SLB SLB Ltd. | Add +1.1% | 0.18% | +0.02 |
| AXP American Express Co. | Add +0.8% | 0.22% | +0.02 |
| VTEC Vanguard Ca Tax-Ex Bond | Add +8.0% | 0.35% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +12.6% | 0.16% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 0.12% | +0.01 |
| AMGN Amgen Inc. | Add +0.1% | 0.13% | +0.01 |
| WFC Wells Fargo & Co. | Add +5.9% | 0.05% | +0.01 |
| EW Edwards Lifesciences Corp. | Add +0.0% | 0.12% | +0.01 |
| JEPI JPMorgan Equity Premium Inco | Add +5.0% | 0.53% | +0.01 |
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 |