FMB Wealth Management
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed November 4, 2024), FMB Wealth Management reported 69 stock positions worth $131.5 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 16.8% of the portfolio, followed by Avantis U.S. Equity ETF (AVUS, 7.6%) and Dimensional US Core Equity M (DFAU, 5.7%). Compared with Q1 2024, it opened 5 new positions, sold out of 3, added to 27 and reduced 18. The biggest buy was Dimensional International (DFIC, shares +71%) and the biggest sale Dimensional US Target Value (DFAT, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- WESTLAKE VILLAGE, CA
- CIK
- 0002040224
- Portfolio Value
- $131.5M (Q2 2024)
- SEC Filing
- 0002040224-24-000009 ↗ filed Nov 4, 2024
Holdings Value
Holdings 69 stocks · $131.5M
| DFAC Dimensional US Core Equity 2 | 16.81% | 685,833 | $22.1M | Add +6.9% |
| AVUS Avantis U.S. Equity ETF | 7.59% | 110,610 | $10.0M | Reduce -3.0% |
| DFAU Dimensional US Core Equity M | 5.68% | 199,209 | $7.5M | Reduce -0.2% |
| DFUS Dimensional US Eq MKT ETF | 5.46% | 122,018 | $7.2M | Reduce -0.1% |
| DFAX Dimensional World Ex US Core | 4.48% | 231,699 | $5.9M | Add +15.1% |
| DFAT Dimensional US Target Value | 4.36% | 110,622 | $5.7M | Reduce -2.5% |
| DFAI Dimensional International Co. | 3.68% | 163,122 | $4.8M | Add +1.9% |
| DFAS Dimensional US Small Cap ETF | 3.20% | 69,971 | $4.2M | Reduce -2.5% |
| AVGE Avantis All Eqty Mrkts ETF | 3.19% | 60,570 | $4.2M | Reduce -1.7% |
| DFUV Dimensional US Marketwide Va | 3.16% | 105,775 | $4.2M | Reduce -1.4% |
| AVDE Avantis International Equity | 3.12% | 65,969 | $4.1M | Reduce -6.6% |
| AAPL Apple Inc. | 3.01% | 18,791 | $4.0M | Reduce -0.5% |
| DFAE Dimensional Emerging Core Eq | 2.54% | 129,164 | $3.3M | Add +2.4% |
| DFIV Dimensional International Va | 2.31% | 84,644 | $3.0M | Reduce -1.2% |
| DFSD Dimensional Short Duration | 1.77% | 49,570 | $2.3M | Add +19.1% |
| AVUV Avantis US Small Cap Value | 1.70% | 24,963 | $2.2M | No change |
| AMGN Amgen Inc. | 1.70% | 7,166 | $2.2M | Reduce -0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.56% | 3,775 | $2.1M | No change |
| NVDA Nvidia Corp. | 1.55% | 16,530 | $2.0M | Add +5.0% |
| DFIC Dimensional International Co. | 1.54% | 77,019 | $2.0M | Add +71.4% |
| DCOR Dimensional US Core Eq 1 ETF | 1.42% | 31,403 | $1.9M | Add +2.0% |
| DUSB Dimension Ultrashort Fi ETF | 1.15% | 29,891 | $1.5M | Add +38.1% |
| MSFT Microsoft Corp. | 1.14% | 3,363 | $1.5M | Add +2.7% |
| IWR iShares Russell Mid-Cap ETF | 1.12% | 18,222 | $1.5M | No change |
| GNR State Street SPDR S&P Global | 0.93% | 21,799 | $1.2M | No change |
| IVV iShares Core S&P 500 ETF | 0.88% | 2,103 | $1.2M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.70% | 1,910 | $915K | No change |
| ANAB Anaptysbio Inc. | 0.68% | 35,592 | $892K | No change |
| AVDV Avantis Intl S/C Value ETF | 0.65% | 13,191 | $857K | No change |
| DFAR Dimensional US Real Est ETF | 0.65% | 38,681 | $855K | Add +21.3% |
| AVEM Avantis Emerging Markets Eq | 0.64% | 13,764 | $841K | Reduce -2.5% |
| DFIP Dimensional Inflation-Protec | 0.62% | 20,002 | $817K | Add +25.1% |
| AMZN Amazon.com Inc. | 0.56% | 3,832 | $741K | Add +7.3% |
| DFSV Dimensional US Small Cap Val | 0.56% | 25,522 | $735K | Add +0.7% |
| GOOGL Alphabet Inc. Class A | 0.53% | 3,841 | $700K | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.53% | 1,712 | $696K | Reduce -0.9% |
| CVX Chevron Corp. | 0.52% | 4,344 | $679K | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 0.50% | 1,309 | $660K | Add +0.7% |
| GOOG Alphabet Inc. Class C | 0.50% | 3,567 | $654K | Reduce -0.7% |
| IJR iShares Core S&P Small-Cap E | 0.49% | 6,093 | $650K | Add +2.4% |
| DFCA Dimensional Calfornia MB ETF | 0.46% | 11,968 | $599K | Add +7.5% |
| DFEM Dimensional Emrg MRKT Core | 0.44% | 21,413 | $572K | Add +26.9% |
| SCHF Schwab Intl Equity ETF | 0.39% | 13,376 | $514K | Add +0.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.35% | 2,638 | $459K | No change |
| TSLA Tesla Inc. | 0.30% | 1,986 | $393K | Reduce -18.8% |
| NFLX Netflix Inc. | 0.30% | 580 | $391K | Add +4.3% |
| BA The Boeing Co. | 0.28% | 2,046 | $372K | No change |
| AVSU Avantis Resp US Equity ETF | 0.28% | 6,007 | $371K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.28% | 2,578 | $368K | Add +8.8% |
| AVGO Broadcom Inc. | 0.27% | 222 | $356K | No change |
| XOM Exxon Mobil Corp. | 0.25% | 2,891 | $333K | Add +11.2% |
| ASML ASML Holding NV-NY Reg SHS | 0.25% | 319 | $326K | No change |
| VTIP Vanguard Short-Term Tips | 0.23% | 6,184 | $300K | Add +0.4% |
| VT Vanguard Tot World STK ETF | 0.21% | 2,460 | $277K | Add +29.1% |
| ROK Rockwell Automation Inc. | 0.21% | 1,001 | $276K | Add +0.1% |
| AVES Avantis Emerging Markets Val | 0.20% | 5,490 | $268K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.20% | 959 | $257K | No change |
| JPM JPMorgan Chase & Co. | 0.19% | 1,235 | $250K | Add +0.6% |
| HD Home Depot Inc. | 0.18% | 700 | $241K | Add +0.7% |
| ILCB iShares Morningstar U.S. Equ | 0.18% | 3,188 | $240K | No change |
| PAI Western Asset Investment Gra | 0.18% | 19,823 | $239K | No change |
| LLY Eli Lilly & Co. | 0.17% | 252 | $228K | New |
| SHEL Shell PLC-ADR | 0.17% | 3,148 | $227K | No change |
| PG The Procter & Gamble Co. | 0.17% | 1,319 | $218K | Reduce -3.8% |
| XLK SS Technology Select Sector | 0.16% | 945 | $214K | New |
| COST Costco Wholesale Corp. | 0.16% | 251 | $213K | New |
| AZN Astrazeneca PLC-Spons ADR | 0.16% | 2,701 | $211K | New |
| AVRE Avantis Real Estate ETF | 0.15% | 4,935 | $203K | New |
| LYG Lloyds Banking Group PLC-ADR | 0.02% | 11,815 | $32K | Reduce -0.8% |
Portfolio Sells Q1 2024 → Q2 2024
| DFAT Dimensional US Target Value | Reduce -2.5% | 4.36% | −0.56 |
| AVUS Avantis U.S. Equity ETF | Reduce -3.0% | 7.59% | −0.56 |
| AVDE Avantis International Equity | Reduce -6.6% | 3.12% | −0.47 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.5% | 3.20% | −0.37 |
| DFUV Dimensional US Marketwide Va | Reduce -1.4% | 3.16% | −0.34 |
| AVGE Avantis All Eqty Mrkts ETF | Reduce -1.7% | 3.19% | −0.24 |
| DFIV Dimensional International Va | Reduce -1.2% | 2.31% | −0.20 |
| DIS The Walt Disney Co. | Sold out | 0.00% | −0.19 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.18 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.16 |
| DFAU Dimensional US Core Equity M | Reduce -0.2% | 5.68% | −0.14 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.1% | 5.46% | −0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 0.53% | −0.05 |
| TSLA Tesla Inc. | Reduce -18.8% | 0.30% | −0.04 |
| CVX Chevron Corp. | Reduce -0.1% | 0.52% | −0.03 |
| AVEM Avantis Emerging Markets Eq | Reduce -2.5% | 0.64% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -3.8% | 0.17% | −0.01 |
| LYG Lloyds Banking Group PLC-ADR | Reduce -0.8% | 0.02% | −0.00 |
| GOOG Alphabet Inc. Class C | Reduce -0.7% | 0.50% | +0.06 |
| AMGN Amgen Inc. | Reduce -0.1% | 1.70% | +0.08 |
| AAPL Apple Inc. | Reduce -0.5% | 3.01% | +0.43 |
Portfolio Buys Q1 2024 → Q2 2024
| DFIC Dimensional International Co. | Add +71.4% | 1.54% | +0.58 |
| DFAC Dimensional US Core Equity 2 | Add +6.9% | 16.81% | +0.46 |
| NVDA Nvidia Corp. | Add +5.0% | 1.55% | +0.42 |
| DFAX Dimensional World Ex US Core | Add +15.1% | 4.48% | +0.39 |
| DUSB Dimension Ultrashort Fi ETF | Add +38.1% | 1.15% | +0.28 |
| DFSD Dimensional Short Duration | Add +19.1% | 1.77% | +0.21 |
| LLY Eli Lilly & Co. | New | 0.17% | +0.17 |
| XLK SS Technology Select Sector | New | 0.16% | +0.16 |
| COST Costco Wholesale Corp. | New | 0.16% | +0.16 |
| AZN Astrazeneca PLC-Spons ADR | New | 0.16% | +0.16 |
| AVRE Avantis Real Estate ETF | New | 0.15% | +0.15 |
| DFIP Dimensional Inflation-Protec | Add +25.1% | 0.62% | +0.09 |
| DFEM Dimensional Emrg MRKT Core | Add +26.9% | 0.44% | +0.09 |
| DFAR Dimensional US Real Est ETF | Add +21.3% | 0.65% | +0.08 |
| DFAE Dimensional Emerging Core Eq | Add +2.4% | 2.54% | +0.05 |
| AMZN Amazon.com Inc. | Add +7.3% | 0.56% | +0.05 |
| MSFT Microsoft Corp. | Add +2.7% | 1.14% | +0.04 |
| VT Vanguard Tot World STK ETF | Add +29.1% | 0.21% | +0.04 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +8.8% | 0.28% | +0.04 |
| NFLX Netflix Inc. | Add +4.3% | 0.30% | +0.03 |
| XOM Exxon Mobil Corp. | Add +11.2% | 0.25% | +0.01 |
| DFCA Dimensional Calfornia MB ETF | Add +7.5% | 0.46% | +0.01 |
| META Meta Platforms Inc. Class A | Add +0.7% | 0.50% | −0.00 |
| JPM JPMorgan Chase & Co. | Add +0.6% | 0.19% | −0.01 |
| VTIP Vanguard Short-Term Tips | Add +0.4% | 0.23% | −0.01 |
| DCOR Dimensional US Core Eq 1 ETF | Add +2.0% | 1.42% | −0.02 |
| ROK Rockwell Automation Inc. | Add +0.1% | 0.21% | −0.02 |
| SCHF Schwab Intl Equity ETF | Add +0.1% | 0.39% | −0.03 |
| HD Home Depot Inc. | Add +0.7% | 0.18% | −0.03 |
| IJR iShares Core S&P Small-Cap E | Add +2.4% | 0.49% | −0.03 |
| DFSV Dimensional US Small Cap Val | Add +0.7% | 0.56% | −0.05 |
| DFAI Dimensional International Co. | Add +1.9% | 3.68% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 74 | $271.8M | DFAC, DXUV, AVUS, DFAX, DXIV |
| Q1 2026 | 73 | $241.7M | DFAC, DXUV, AVUS, DFAX, DXIV |
| Q4 2025 | 91 | $253.4M | DFAC, DXUV, AVUS, DFAX, DXIV |
| Q3 2025 | 89 | $236.1M | DFAC, DXUV, AVUS, DFAX, DXIV |
| Q2 2025 | 84 | $210.0M | DFAC, DXUV, AVUS, DXIV, DFAX |
| Q1 2025 | 75 | $180.8M | DFAC, DXUV, AVUS, DXIV, DFAX |
| Q4 2024 | 67 | $177.6M | DFAC, DXUV, AVUS, DXIV, DFAU |
| Q3 2024 | 75 | $176.9M | DFAC, DXUV, DXIV, AVUS, DFAU |
| Q2 2024 | 69 | $131.5M | DFAC, AVUS, DFAU, DFUS, DFAX |
| Q1 2024 | 67 | $125.4M | DFAC, AVUS, DFAU, DFUS, DFAT |