FMB Wealth Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 29, 2025), FMB Wealth Management reported 67 stock positions worth $177.6 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 15.7% of the portfolio, followed by Dimensional US Vtor Eqty ETF (DXUV, 10.7%) and Avantis U.S. Equity ETF (AVUS, 6.2%). Compared with Q3 2024, it opened 2 new positions, sold out of 10, added to 21 and reduced 22. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +9%) and the biggest sale Dimensional Intr Vtor E ETF (DXIV, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- WESTLAKE VILLAGE, CA
- CIK
- 0002040224
- Portfolio Value
- $177.6M (Q4 2024)
- SEC Filing
- 0002040224-25-000001 ↗ filed Jan 29, 2025
Holdings Value
Holdings 67 stocks · $177.6M
| DFAC Dimensional US Core Equity 2 | 15.66% | 803,720 | $27.8M | Add +9.3% |
| DXUV Dimensional US Vtor Eqty ETF | 10.70% | 359,630 | $19.0M | Reduce -0.4% |
| AVUS Avantis U.S. Equity ETF | 6.19% | 113,417 | $11.0M | Reduce -0.3% |
| DXIV Dimensional Intr Vtor E ETF | 6.14% | 226,696 | $10.9M | Reduce -0.1% |
| DFAU Dimensional US Core Equity M | 4.67% | 204,845 | $8.3M | Add +3.0% |
| DFUS Dimensional US Eq MKT ETF | 4.39% | 122,192 | $7.8M | Reduce -0.3% |
| DFAX Dimensional World Ex US Core | 4.37% | 311,867 | $7.8M | Add +23.2% |
| DFAT Dimensional US Target Value | 3.35% | 106,943 | $6.0M | Reduce -3.3% |
| AAPL Apple Inc. | 2.62% | 18,574 | $4.7M | Reduce -3.7% |
| DFAI Dimensional International Co. | 2.55% | 154,963 | $4.5M | Reduce -0.1% |
| DFAS Dimensional US Small Cap ETF | 2.53% | 68,917 | $4.5M | Reduce -0.9% |
| AVGE Avantis All Eqty Mrkts ETF | 2.47% | 60,663 | $4.4M | Add +0.0% |
| DFUV Dimensional US Marketwide Va | 2.44% | 105,775 | $4.3M | No change |
| AVDE Avantis International Equity | 2.30% | 66,418 | $4.1M | Reduce -0.5% |
| DFAE Dimensional Emerging Core Eq | 2.00% | 139,626 | $3.5M | Add +0.2% |
| DFSD Dimensional Short Duration | 1.92% | 72,558 | $3.4M | Add +50.1% |
| DFIC Dimensional International Co. | 1.83% | 125,881 | $3.3M | Add +9.5% |
| DFIV Dimensional International Va | 1.67% | 83,465 | $3.0M | Reduce -0.3% |
| NVDA Nvidia Corp. | 1.61% | 21,232 | $2.9M | Reduce -4.3% |
| DCOR Dimensional US Core Eq 1 ETF | 1.48% | 41,035 | $2.6M | Add +0.4% |
| AVUV Avantis US Small Cap Value | 1.40% | 25,798 | $2.5M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.25% | 3,775 | $2.2M | No change |
| AMGN Amgen Inc. | 1.04% | 7,076 | $1.8M | Reduce -0.4% |
| DUSB Dimension Ultrashort Fi ETF | 1.04% | 36,453 | $1.8M | Reduce -1.2% |
| IWR iShares Russell Mid-Cap ETF | 0.91% | 18,222 | $1.6M | No change |
| MSFT Microsoft Corp. | 0.78% | 3,303 | $1.4M | Reduce -1.8% |
| IVV iShares Core S&P 500 ETF | 0.70% | 2,103 | $1.2M | No change |
| DFAR Dimensional US Real Est ETF | 0.63% | 48,200 | $1.1M | Add +4.9% |
| GNR State Street SPDR S&P Global | 0.61% | 21,799 | $1.1M | No change |
| DFIP Dimensional Inflation-Protec | 0.55% | 24,260 | $982K | Add +17.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.55% | 1,910 | $977K | No change |
| DFEM Dimensional Emrg MRKT Core | 0.53% | 35,759 | $937K | Add +1.9% |
| AMZN Amazon.com Inc. | 0.49% | 4,007 | $879K | Reduce -2.5% |
| TSLA Tesla Inc. | 0.49% | 2,176 | $879K | Add +3.8% |
| AVDV Avantis Intl S/C Value ETF | 0.48% | 13,191 | $858K | No change |
| DFSV Dimensional US Small Cap Val | 0.47% | 27,339 | $842K | Add +7.1% |
| AVEM Avantis Emerging Markets Eq | 0.46% | 13,805 | $812K | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 1,712 | $776K | No change |
| META Meta Platforms Inc. Class A | 0.42% | 1,273 | $745K | Reduce -0.6% |
| GOOGL Alphabet Inc. Class A | 0.40% | 3,783 | $716K | Add +0.4% |
| IJR iShares Core S&P Small-Cap E | 0.39% | 5,950 | $686K | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 0.37% | 3,463 | $659K | Add +0.2% |
| CVX Chevron Corp. | 0.35% | 4,323 | $626K | Reduce -0.5% |
| DFCA Dimensional Calfornia MB ETF | 0.35% | 12,458 | $624K | Add +3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 2,638 | $521K | No change |
| AVGO Broadcom Inc. | 0.29% | 2,241 | $520K | Reduce -1.1% |
| NFLX Netflix Inc. | 0.28% | 556 | $496K | Reduce -4.1% |
| SCHF Schwab Intl Equity ETF | 0.28% | 26,752 | $495K | No change |
| ANAB Anaptysbio Inc. | 0.27% | 35,592 | $471K | No change |
| AVSU Avantis Resp US Equity ETF | 0.22% | 6,007 | $397K | No change |
| BA The Boeing Co. | 0.20% | 2,055 | $364K | No change |
| XOM Exxon Mobil Corp. | 0.17% | 2,844 | $306K | Add +0.3% |
| VTIP Vanguard Short-Term Tips | 0.17% | 6,184 | $299K | No change |
| JPM JPMorgan Chase & Co. | 0.17% | 1,239 | $297K | Add +0.3% |
| ROK Rockwell Automation Inc. | 0.16% | 1,004 | $287K | Add +0.2% |
| DFAW Dimensional World Eqty ETF | 0.16% | 4,557 | $285K | New |
| HD Home Depot Inc. | 0.15% | 707 | $275K | Add +0.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 909 | $264K | Reduce -5.2% |
| ILCB iShares Morningstar U.S. Equ | 0.15% | 3,188 | $259K | No change |
| AVES Avantis Emerging Markets Val | 0.14% | 5,490 | $254K | No change |
| DFCF Dimensional Core Fixed Inc. | 0.13% | 5,601 | $231K | No change |
| NVO Novo-Nordisk A/S-Spons ADR | 0.12% | 2,578 | $222K | No change |
| PG The Procter & Gamble Co. | 0.12% | 1,319 | $221K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 319 | $221K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.12% | 1,906 | $212K | New |
| COST Costco Wholesale Corp. | 0.12% | 231 | $212K | Reduce -8.0% |
| LYG Lloyds Banking Group PLC-ADR | 0.02% | 11,812 | $32K | No change |
Portfolio Sells Q3 2024 → Q4 2024
| DXIV Dimensional Intr Vtor E ETF | Reduce -0.1% | 6.14% | −0.57 |
| AMGN Amgen Inc. | Reduce -0.4% | 1.04% | −0.26 |
| DFAI Dimensional International Co. | Reduce -0.1% | 2.55% | −0.24 |
| AVDE Avantis International Equity | Reduce -0.5% | 2.30% | −0.23 |
| PAI Western Asset Investment Gra | Sold out | 0.00% | −0.14 |
| DFIV Dimensional International Va | Reduce -0.3% | 1.67% | −0.13 |
| AVRE Avantis Real Estate ETF | Sold out | 0.00% | −0.13 |
| NEE Nextera Energy Inc. | Sold out | 0.00% | −0.13 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.13 |
| DFAT Dimensional US Target Value | Reduce -3.3% | 3.35% | −0.12 |
| JNJ Johnson & Johnson | Sold out | 0.00% | −0.12 |
| XLK SS Technology Select Sector | Sold out | 0.00% | −0.12 |
| VWO Vanguard Ftse Emerging Marke | Sold out | 0.00% | −0.12 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.12 |
| IBM Intl Business Machines Corp. | Sold out | 0.00% | −0.12 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.11 |
| DXUV Dimensional US Vtor Eqty ETF | Reduce -0.4% | 10.70% | −0.05 |
| MSFT Microsoft Corp. | Reduce -1.8% | 0.78% | −0.03 |
| DFAS Dimensional US Small Cap ETF | Reduce -0.9% | 2.53% | −0.02 |
| DUSB Dimension Ultrashort Fi ETF | Reduce -1.2% | 1.04% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.4% | 0.39% | −0.02 |
| CVX Chevron Corp. | Reduce -0.5% | 0.35% | −0.01 |
| COST Costco Wholesale Corp. | Reduce -8.0% | 0.12% | −0.01 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -5.2% | 0.15% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.6% | 0.42% | +0.01 |
| NFLX Netflix Inc. | Reduce -4.1% | 0.28% | +0.05 |
| AMZN Amazon.com Inc. | Reduce -2.5% | 0.49% | +0.06 |
| AVGO Broadcom Inc. | Reduce -1.1% | 0.29% | +0.07 |
| AVUS Avantis U.S. Equity ETF | Reduce -0.3% | 6.19% | +0.08 |
| AAPL Apple Inc. | Reduce -3.7% | 2.62% | +0.08 |
| DFUS Dimensional US Eq MKT ETF | Reduce -0.3% | 4.39% | +0.08 |
| NVDA Nvidia Corp. | Reduce -4.3% | 1.61% | +0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| DFAC Dimensional US Core Equity 2 | Add +9.3% | 15.66% | +1.40 |
| DFSD Dimensional Short Duration | Add +50.1% | 1.92% | +0.61 |
| DFAX Dimensional World Ex US Core | Add +23.2% | 4.37% | +0.50 |
| DFAU Dimensional US Core Equity M | Add +3.0% | 4.67% | +0.21 |
| TSLA Tesla Inc. | Add +3.8% | 0.49% | +0.18 |
| DFAW Dimensional World Eqty ETF | New | 0.16% | +0.16 |
| DIS The Walt Disney Co. | New | 0.12% | +0.12 |
| DFIP Dimensional Inflation-Protec | Add +17.9% | 0.55% | +0.06 |
| GOOGL Alphabet Inc. Class A | Add +0.4% | 0.40% | +0.05 |
| GOOG Alphabet Inc. Class C | Add +0.2% | 0.37% | +0.04 |
| DFSV Dimensional US Small Cap Val | Add +7.1% | 0.47% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 0.17% | +0.02 |
| DCOR Dimensional US Core Eq 1 ETF | Add +0.4% | 1.48% | +0.02 |
| ROK Rockwell Automation Inc. | Add +0.2% | 0.16% | +0.01 |
| DFCA Dimensional Calfornia MB ETF | Add +3.6% | 0.35% | +0.01 |
| DFIC Dimensional International Co. | Add +9.5% | 1.83% | +0.00 |
| HD Home Depot Inc. | Add +0.4% | 0.15% | −0.01 |
| XOM Exxon Mobil Corp. | Add +0.3% | 0.17% | −0.02 |
| DFEM Dimensional Emrg MRKT Core | Add +1.9% | 0.53% | −0.03 |
| DFAR Dimensional US Real Est ETF | Add +4.9% | 0.63% | −0.03 |
| AVEM Avantis Emerging Markets Eq | Add +0.3% | 0.46% | −0.05 |
| AVGE Avantis All Eqty Mrkts ETF | Add +0.0% | 2.47% | −0.06 |
| DFAE Dimensional Emerging Core Eq | Add +0.2% | 2.00% | −0.16 |
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 |