FMB Wealth Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), FMB Wealth Management reported 75 stock positions worth $180.8 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 15.6% of the portfolio, followed by Dimensional US Vtor Eqty ETF (DXUV, 9.5%) and Avantis U.S. Equity ETF (AVUS, 6.4%). Compared with Q4 2024, it opened 9 new positions, sold out of 1, added to 35 and reduced 15. The biggest buy was Dimensional World Ex US Core (DFAX, shares +19%) and the biggest sale Dimensional US Vtor Eqty ETF (DXUV, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- WESTLAKE VILLAGE, CA
- CIK
- 0002040224
- Portfolio Value
- $180.8M (Q1 2025)
- SEC Filing
- 0002040224-25-000003 ↗ filed Apr 15, 2025
Holdings Value
Holdings 75 stocks · $180.8M
| DFAC Dimensional US Core Equity 2 | 15.60% | 854,806 | $28.2M | Add +6.4% |
| DXUV Dimensional US Vtor Eqty ETF | 9.47% | 340,455 | $17.1M | Reduce -5.3% |
| AVUS Avantis U.S. Equity ETF | 6.39% | 125,085 | $11.6M | Add +10.3% |
| DXIV Dimensional Intr Vtor E ETF | 6.03% | 210,118 | $10.9M | Reduce -7.3% |
| DFAX Dimensional World Ex US Core | 5.39% | 371,926 | $9.7M | Add +19.3% |
| DFAU Dimensional US Core Equity M | 4.87% | 228,883 | $8.8M | Add +11.7% |
| DFUS Dimensional US Eq MKT ETF | 3.62% | 108,296 | $6.5M | Reduce -11.4% |
| DFAT Dimensional US Target Value | 3.03% | 106,537 | $5.5M | Reduce -0.4% |
| DFAI Dimensional International Co. | 2.64% | 153,004 | $4.8M | Reduce -1.3% |
| DFSD Dimensional Short Duration | 2.58% | 98,026 | $4.7M | Add +35.1% |
| DFUV Dimensional US Marketwide Va | 2.41% | 105,775 | $4.4M | No change |
| AVGE Avantis All Eqty Mrkts ETF | 2.39% | 60,784 | $4.3M | Add +0.2% |
| AVDE Avantis International Equity | 2.36% | 64,441 | $4.3M | Reduce -3.0% |
| DFAS Dimensional US Small Cap ETF | 2.22% | 67,207 | $4.0M | Reduce -2.5% |
| AAPL Apple Inc. | 2.14% | 17,437 | $3.9M | Reduce -6.1% |
| DFIC Dimensional International Co. | 2.06% | 134,021 | $3.7M | Add +6.5% |
| DFAE Dimensional Emerging Core Eq | 2.02% | 141,305 | $3.7M | Add +1.2% |
| DFIV Dimensional International Va | 1.80% | 82,807 | $3.3M | Reduce -0.8% |
| DCOR Dimensional US Core Eq 1 ETF | 1.44% | 42,578 | $2.6M | Add +3.8% |
| AVUV Avantis US Small Cap Value | 1.29% | 26,693 | $2.3M | Add +3.5% |
| AMGN Amgen Inc. | 1.23% | 7,147 | $2.2M | Add +1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.18% | 3,803 | $2.1M | Add +0.7% |
| NVDA Nvidia Corp. | 1.13% | 18,779 | $2.0M | Reduce -11.6% |
| DUSB Dimension Ultrashort Fi ETF | 1.00% | 35,684 | $1.8M | Reduce -2.1% |
| IWR iShares Russell Mid-Cap ETF | 0.86% | 18,222 | $1.6M | No change |
| CVX Chevron Corp. | 0.76% | 8,215 | $1.4M | Add +90.0% |
| DFAR Dimensional US Real Est ETF | 0.70% | 53,370 | $1.3M | Add +10.7% |
| DFIP Dimensional Inflation-Protec | 0.70% | 29,874 | $1.3M | Add +23.1% |
| MSFT Microsoft Corp. | 0.69% | 3,314 | $1.2M | Add +0.3% |
| IVV iShares Core S&P 500 ETF | 0.68% | 2,181 | $1.2M | Add +3.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.65% | 2,515 | $1.2M | Add +31.7% |
| GNR State Street SPDR S&P Global | 0.64% | 21,799 | $1.2M | No change |
| DFEM Dimensional Emrg MRKT Core | 0.52% | 35,477 | $939K | Reduce -0.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.52% | 1,759 | $937K | Add +2.8% |
| DFSV Dimensional US Small Cap Val | 0.51% | 32,995 | $929K | Add +20.7% |
| AVDV Avantis Intl S/C Value ETF | 0.51% | 13,191 | $920K | No change |
| AMZN Amazon.com Inc. | 0.46% | 4,370 | $831K | Add +9.1% |
| AVEM Avantis Emerging Markets Eq | 0.46% | 13,816 | $831K | Add +0.1% |
| META Meta Platforms Inc. Class A | 0.37% | 1,164 | $671K | Reduce -8.6% |
| ANAB Anaptysbio Inc. | 0.37% | 35,592 | $662K | No change |
| IJR iShares Core S&P Small-Cap E | 0.34% | 5,936 | $621K | Reduce -0.2% |
| DFCA Dimensional Calfornia MB ETF | 0.34% | 12,458 | $618K | No change |
| GOOGL Alphabet Inc. Class A | 0.34% | 3,917 | $606K | Add +3.5% |
| TSLA Tesla Inc. | 0.32% | 2,258 | $585K | Add +3.8% |
| GOOG Alphabet Inc. Class C | 0.30% | 3,468 | $542K | Add +0.1% |
| SCHF Schwab Intl Equity ETF | 0.29% | 26,752 | $529K | No change |
| NFLX Netflix Inc. | 0.29% | 566 | $528K | Add +1.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.24% | 2,638 | $438K | No change |
| AVSU Avantis Resp US Equity ETF | 0.21% | 6,163 | $384K | Add +2.6% |
| AVGO Broadcom Inc. | 0.21% | 2,222 | $372K | Reduce -0.8% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 8,693 | $363K | New |
| BA The Boeing Co. | 0.19% | 2,055 | $350K | No change |
| XOM Exxon Mobil Corp. | 0.19% | 2,848 | $339K | Add +0.1% |
| DFAW Dimensional World Eqty ETF | 0.17% | 5,131 | $314K | Add +12.6% |
| VTIP Vanguard Short-Term Tips | 0.17% | 6,184 | $309K | No change |
| JPM JPMorgan Chase & Co. | 0.17% | 1,244 | $305K | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,121 | $279K | New |
| HD Home Depot Inc. | 0.14% | 710 | $260K | Add +0.4% |
| ROK Rockwell Automation Inc. | 0.14% | 1,005 | $260K | Add +0.1% |
| AVES Avantis Emerging Markets Val | 0.14% | 5,490 | $259K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.14% | 932 | $256K | Add +2.5% |
| ILCB iShares Morningstar U.S. Equ | 0.14% | 3,188 | $246K | No change |
| PG The Procter & Gamble Co. | 0.13% | 1,421 | $242K | Add +7.7% |
| DFCF Dimensional Core Fixed Inc. | 0.13% | 5,601 | $236K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 2,373 | $234K | Add +24.5% |
| JNJ Johnson & Johnson | 0.13% | 1,405 | $233K | New |
| CRWD CrowdStrike Holdings Inc. Class A | 0.13% | 656 | $231K | New |
| SHEL Shell PLC-ADR | 0.13% | 3,148 | $231K | New |
| AVRE Avantis Real Estate ETF | 0.13% | 5,267 | $227K | New |
| COST Costco Wholesale Corp. | 0.12% | 231 | $218K | No change |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 319 | $211K | No change |
| T AT&T Inc. | 0.12% | 7,459 | $211K | New |
| LLY Eli Lilly & Co. | 0.12% | 252 | $208K | New |
| USA Liberty All Star Equity Fund | 0.04% | 11,719 | $77K | New |
| LYG Lloyds Banking Group PLC-ADR | 0.03% | 11,812 | $45K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| DXUV Dimensional US Vtor Eqty ETF | Reduce -5.3% | 9.47% | −1.24 |
| DFUS Dimensional US Eq MKT ETF | Reduce -11.4% | 3.62% | −0.76 |
| NVDA Nvidia Corp. | Reduce -11.6% | 1.13% | −0.48 |
| AAPL Apple Inc. | Reduce -6.1% | 2.14% | −0.48 |
| DFAT Dimensional US Target Value | Reduce -0.4% | 3.03% | −0.32 |
| DFAS Dimensional US Small Cap ETF | Reduce -2.5% | 2.22% | −0.30 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.12 |
| DXIV Dimensional Intr Vtor E ETF | Reduce -7.3% | 6.03% | −0.11 |
| AVGO Broadcom Inc. | Reduce -0.8% | 0.21% | −0.09 |
| META Meta Platforms Inc. Class A | Reduce -8.6% | 0.37% | −0.05 |
| IJR iShares Core S&P Small-Cap E | Reduce -0.2% | 0.34% | −0.04 |
| DUSB Dimension Ultrashort Fi ETF | Reduce -2.1% | 1.00% | −0.04 |
| DFEM Dimensional Emrg MRKT Core | Reduce -0.8% | 0.52% | −0.01 |
| AVDE Avantis International Equity | Reduce -3.0% | 2.36% | +0.07 |
| DFAI Dimensional International Co. | Reduce -1.3% | 2.64% | +0.10 |
| DFIV Dimensional International Va | Reduce -0.8% | 1.80% | +0.14 |
Portfolio Buys Q4 2024 → Q1 2025
| DFAX Dimensional World Ex US Core | Add +19.3% | 5.39% | +1.02 |
| DFSD Dimensional Short Duration | Add +35.1% | 2.58% | +0.66 |
| CVX Chevron Corp. | Add +90.0% | 0.76% | +0.41 |
| DFIC Dimensional International Co. | Add +6.5% | 2.06% | +0.23 |
| AVUS Avantis U.S. Equity ETF | Add +10.3% | 6.39% | +0.20 |
| BAC Bank of America Corp. | New | 0.20% | +0.20 |
| DFAU Dimensional US Core Equity M | Add +11.7% | 4.87% | +0.20 |
| AMGN Amgen Inc. | Add +1.0% | 1.23% | +0.19 |
| IBM Intl Business Machines Corp. | New | 0.15% | +0.15 |
| DFIP Dimensional Inflation-Protec | Add +23.1% | 0.70% | +0.14 |
| JNJ Johnson & Johnson | New | 0.13% | +0.13 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.13% | +0.13 |
| SHEL Shell PLC-ADR | New | 0.13% | +0.13 |
| AVRE Avantis Real Estate ETF | New | 0.13% | +0.13 |
| T AT&T Inc. | New | 0.12% | +0.12 |
| LLY Eli Lilly & Co. | New | 0.12% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +31.7% | 0.65% | +0.10 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +2.8% | 0.52% | +0.08 |
| DFAR Dimensional US Real Est ETF | Add +10.7% | 0.70% | +0.07 |
| USA Liberty All Star Equity Fund | New | 0.04% | +0.04 |
| DFSV Dimensional US Small Cap Val | Add +20.7% | 0.51% | +0.04 |
| DFAE Dimensional Emerging Core Eq | Add +1.2% | 2.02% | +0.03 |
| XOM Exxon Mobil Corp. | Add +0.1% | 0.19% | +0.02 |
| DFAW Dimensional World Eqty ETF | Add +12.6% | 0.17% | +0.01 |
| NFLX Netflix Inc. | Add +1.8% | 0.29% | +0.01 |
| DIS The Walt Disney Co. | Add +24.5% | 0.13% | +0.01 |
| PG The Procter & Gamble Co. | Add +7.7% | 0.13% | +0.01 |
| AVEM Avantis Emerging Markets Eq | Add +0.1% | 0.46% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +0.4% | 0.17% | +0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.5% | 0.14% | −0.01 |
| HD Home Depot Inc. | Add +0.4% | 0.14% | −0.01 |
| AVSU Avantis Resp US Equity ETF | Add +2.6% | 0.21% | −0.01 |
| ROK Rockwell Automation Inc. | Add +0.1% | 0.14% | −0.02 |
| IVV iShares Core S&P 500 ETF | Add +3.7% | 0.68% | −0.02 |
| AMZN Amazon.com Inc. | Add +9.1% | 0.46% | −0.04 |
| DCOR Dimensional US Core Eq 1 ETF | Add +3.8% | 1.44% | −0.04 |
| DFAC Dimensional US Core Equity 2 | Add +6.4% | 15.60% | −0.06 |
| GOOGL Alphabet Inc. Class A | Add +3.5% | 0.34% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.7% | 1.18% | −0.07 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.30% | −0.07 |
| AVGE Avantis All Eqty Mrkts ETF | Add +0.2% | 2.39% | −0.08 |
| MSFT Microsoft Corp. | Add +0.3% | 0.69% | −0.10 |
| AVUV Avantis US Small Cap Value | Add +3.5% | 1.29% | −0.12 |
| TSLA Tesla Inc. | Add +3.8% | 0.32% | −0.17 |
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 |