FMB Wealth Management
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 18, 2025), FMB Wealth Management reported 84 stock positions worth $210.0 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 16.6% of the portfolio, followed by Dimensional US Vtor Eqty ETF (DXUV, 8.8%) and Avantis U.S. Equity ETF (AVUS, 6.7%). Compared with Q1 2025, it opened 12 new positions, sold out of 3, added to 30 and reduced 27. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +14%) and the biggest sale Dimensional US Vtor Eqty ETF (DXUV, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- WESTLAKE VILLAGE, CA
- CIK
- 0002040224
- Portfolio Value
- $210.0M (Q2 2025)
- SEC Filing
- 0002040224-25-000004 ↗ filed Jul 18, 2025
Holdings Value
Holdings 84 stocks · $210.0M
| DFAC Dimensional US Core Equity 2 | 16.59% | 972,075 | $34.8M | Add +13.7% |
| DXUV Dimensional US Vtor Eqty ETF | 8.75% | 338,883 | $18.4M | Reduce -0.5% |
| AVUS Avantis U.S. Equity ETF | 6.72% | 139,948 | $14.1M | Add +11.9% |
| DXIV Dimensional Intr Vtor E ETF | 5.75% | 208,066 | $12.1M | Reduce -1.0% |
| DFAX Dimensional World Ex US Core | 5.71% | 408,588 | $12.0M | Add +9.9% |
| DFAU Dimensional US Core Equity M | 4.40% | 218,270 | $9.2M | Reduce -4.6% |
| DFUS Dimensional US Eq MKT ETF | 3.55% | 111,342 | $7.5M | Add +2.8% |
| DFIC Dimensional International Co. | 3.00% | 202,707 | $6.3M | Add +51.3% |
| DFAT Dimensional US Target Value | 2.72% | 105,703 | $5.7M | Reduce -0.8% |
| DFAI Dimensional International Co. | 2.52% | 152,915 | $5.3M | Reduce -0.1% |
| DFSD Dimensional Short Duration | 2.35% | 103,006 | $4.9M | Add +5.1% |
| AVDE Avantis International Equity | 2.32% | 65,768 | $4.9M | Add +2.1% |
| AVGE Avantis All Eqty Mrkts ETF | 2.31% | 62,581 | $4.8M | Add +3.0% |
| DFUV Dimensional US Marketwide Va | 2.15% | 107,000 | $4.5M | Add +1.2% |
| DFAE Dimensional Emerging Core Eq | 2.12% | 153,806 | $4.5M | Add +8.8% |
| DFAS Dimensional US Small Cap ETF | 2.00% | 66,001 | $4.2M | Reduce -1.8% |
| AAPL Apple Inc. | 1.91% | 19,592 | $4.0M | Add +12.4% |
| DFIV Dimensional International Va | 1.69% | 82,693 | $3.5M | Reduce -0.1% |
| NVDA Nvidia Corp. | 1.41% | 18,766 | $3.0M | Reduce -0.1% |
| DCOR Dimensional US Core Eq 1 ETF | 1.37% | 43,097 | $2.9M | Add +1.2% |
| DUSB Dimension Ultrashort Fi ETF | 1.29% | 53,337 | $2.7M | Add +49.5% |
| AVUV Avantis US Small Cap Value | 1.13% | 26,028 | $2.4M | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.12% | 3,802 | $2.3M | Reduce -0.0% |
| AMGN Amgen Inc. | 0.93% | 7,026 | $2.0M | Reduce -1.7% |
| MSFT Microsoft Corp. | 0.81% | 3,419 | $1.7M | Add +3.2% |
| IWR iShares Russell Mid-Cap ETF | 0.80% | 18,222 | $1.7M | No change |
| DFAR Dimensional US Real Est ETF | 0.79% | 70,626 | $1.7M | Add +32.3% |
| AVEM Avantis Emerging Markets Eq | 0.72% | 21,949 | $1.5M | Add +58.9% |
| IVV iShares Core S&P 500 ETF | 0.62% | 2,103 | $1.3M | Reduce -3.6% |
| DFIP Dimensional Inflation-Protec | 0.58% | 29,242 | $1.2M | Reduce -2.1% |
| CVX Chevron Corp. | 0.57% | 8,423 | $1.2M | Add +2.5% |
| GNR State Street SPDR S&P Global | 0.56% | 21,799 | $1.2M | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.51% | 1,947 | $1.1M | Reduce -22.6% |
| AVDV Avantis Intl S/C Value ETF | 0.50% | 13,191 | $1.0M | No change |
| AMZN Amazon.com Inc. | 0.45% | 4,353 | $955K | Reduce -0.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.44% | 1,897 | $922K | Add +7.8% |
| META Meta Platforms Inc. Class A | 0.41% | 1,160 | $856K | Reduce -0.3% |
| DFEM Dimensional Emrg MRKT Core | 0.40% | 28,610 | $849K | Reduce -19.4% |
| DFSV Dimensional US Small Cap Val | 0.38% | 27,418 | $807K | Reduce -16.9% |
| NFLX Netflix Inc. | 0.38% | 600 | $803K | Add +6.0% |
| ANAB Anaptysbio Inc. | 0.38% | 35,592 | $790K | No change |
| AVSU Avantis Resp US Equity ETF | 0.36% | 11,118 | $763K | Add +80.4% |
| TSLA Tesla Inc. | 0.33% | 2,204 | $700K | Reduce -2.4% |
| GOOGL Alphabet Inc. Class A | 0.33% | 3,966 | $699K | Add +1.3% |
| IJR iShares Core S&P Small-Cap E | 0.31% | 5,936 | $649K | No change |
| GOOG Alphabet Inc. Class C | 0.29% | 3,451 | $612K | Reduce -0.5% |
| AVGO Broadcom Inc. | 0.29% | 2,211 | $609K | Reduce -0.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 2,638 | $597K | No change |
| SCHF Schwab Intl Equity ETF | 0.28% | 26,752 | $591K | No change |
| DFAW Dimensional World Eqty ETF | 0.21% | 6,531 | $438K | Add +27.3% |
| BA The Boeing Co. | 0.21% | 2,056 | $431K | Add +0.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 8,694 | $411K | Add +0.0% |
| AVSD Avantis Reps Intern Equi ETF | 0.18% | 5,529 | $374K | New |
| JPM JPMorgan Chase & Co. | 0.18% | 1,269 | $368K | Add +2.0% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.16% | 665 | $339K | Add +1.4% |
| ROK Rockwell Automation Inc. | 0.16% | 1,003 | $333K | Reduce -0.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.15% | 1,087 | $321K | Reduce -3.0% |
| VTIP Vanguard Short-Term Tips | 0.15% | 6,184 | $311K | No change |
| XOM Exxon Mobil Corp. | 0.15% | 2,844 | $307K | Reduce -0.1% |
| AVES Avantis Emerging Markets Val | 0.14% | 5,490 | $294K | No change |
| VTI VG Morningstar TS MKT ETF-US | 0.13% | 932 | $283K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.13% | 2,206 | $274K | Reduce -7.0% |
| ILCB iShares Morningstar U.S. Equ | 0.13% | 3,188 | $273K | No change |
| HD Home Depot Inc. | 0.12% | 707 | $259K | Reduce -0.4% |
| AVNM Avantis All Intl MKTS Eq ETF | 0.12% | 3,929 | $257K | New |
| AVRE Avantis Real Estate ETF | 0.12% | 5,800 | $256K | Add +10.1% |
| ASML ASML Holding NV-NY Reg SHS | 0.12% | 319 | $256K | No change |
| COST Costco Wholesale Corp. | 0.12% | 246 | $244K | Add +6.5% |
| V Visa Inc. Class A | 0.11% | 675 | $240K | New |
| PG The Procter & Gamble Co. | 0.11% | 1,429 | $228K | Add +0.6% |
| DUHP Dimensional US High Profi Et | 0.11% | 6,320 | $225K | New |
| PLTR Palantir Technologies Inc. Class A | 0.11% | 1,636 | $223K | New |
| SHEL Shell PLC-ADR | 0.11% | 3,148 | $222K | No change |
| T AT&T Inc. | 0.11% | 7,649 | $221K | Add +2.5% |
| VWO Vanguard Ftse Emerging Marke | 0.10% | 4,396 | $217K | New |
| MU Micron Technology Inc. | 0.10% | 1,760 | $217K | New |
| AVLV Avantis US Large Cap Value | 0.10% | 3,140 | $214K | New |
| C Citigroup Inc. | 0.10% | 2,515 | $214K | New |
| JNJ Johnson & Johnson | 0.10% | 1,365 | $208K | Reduce -2.9% |
| AXP American Express Co. | 0.10% | 646 | $206K | New |
| XLK SS Technology Select Sector | 0.10% | 809 | $205K | New |
| LRCX Lam Research Corp. | 0.10% | 2,060 | $201K | New |
| USA Liberty All Star Equity Fund | 0.04% | 11,719 | $80K | No change |
| LYG Lloyds Banking Group PLC-ADR | 0.02% | 11,812 | $50K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| DXUV Dimensional US Vtor Eqty ETF | Reduce -0.5% | 8.75% | −0.72 |
| DFAU Dimensional US Core Equity M | Reduce -4.6% | 4.40% | −0.47 |
| DFCA Dimensional Calfornia MB ETF | Sold out | 0.00% | −0.34 |
| DFAT Dimensional US Target Value | Reduce -0.8% | 2.72% | −0.32 |
| AMGN Amgen Inc. | Reduce -1.7% | 0.93% | −0.30 |
| DXIV Dimensional Intr Vtor E ETF | Reduce -1.0% | 5.75% | −0.28 |
| DFAS Dimensional US Small Cap ETF | Reduce -1.8% | 2.00% | −0.22 |
| AVUV Avantis US Small Cap Value | Reduce -2.5% | 1.13% | −0.16 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -22.6% | 0.51% | −0.14 |
| DFCF Dimensional Core Fixed Inc. | Sold out | 0.00% | −0.13 |
| DFSV Dimensional US Small Cap Val | Reduce -16.9% | 0.38% | −0.13 |
| DFAI Dimensional International Co. | Reduce -0.1% | 2.52% | −0.13 |
| DFIV Dimensional International Va | Reduce -0.1% | 1.69% | −0.12 |
| LLY Eli Lilly & Co. | Sold out | 0.00% | −0.12 |
| DFEM Dimensional Emrg MRKT Core | Reduce -19.4% | 0.40% | −0.12 |
| DFIP Dimensional Inflation-Protec | Reduce -2.1% | 0.58% | −0.11 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.0% | 1.12% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -3.6% | 0.62% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -0.1% | 0.15% | −0.04 |
| JNJ Johnson & Johnson | Reduce -2.9% | 0.10% | −0.03 |
| HD Home Depot Inc. | Reduce -0.4% | 0.12% | −0.02 |
| GOOG Alphabet Inc. Class C | Reduce -0.5% | 0.29% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 0.45% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -3.0% | 0.15% | −0.00 |
| DIS The Walt Disney Co. | Reduce -7.0% | 0.13% | +0.00 |
| TSLA Tesla Inc. | Reduce -2.4% | 0.33% | +0.01 |
| ROK Rockwell Automation Inc. | Reduce -0.2% | 0.16% | +0.01 |
| META Meta Platforms Inc. Class A | Reduce -0.3% | 0.41% | +0.04 |
| AVGO Broadcom Inc. | Reduce -0.5% | 0.29% | +0.08 |
| NVDA Nvidia Corp. | Reduce -0.1% | 1.41% | +0.29 |
Portfolio Buys Q1 2025 → Q2 2025
| DFAC Dimensional US Core Equity 2 | Add +13.7% | 16.59% | +0.99 |
| DFIC Dimensional International Co. | Add +51.3% | 3.00% | +0.94 |
| AVUS Avantis U.S. Equity ETF | Add +11.9% | 6.72% | +0.33 |
| DFAX Dimensional World Ex US Core | Add +9.9% | 5.71% | +0.32 |
| DUSB Dimension Ultrashort Fi ETF | Add +49.5% | 1.29% | +0.29 |
| AVEM Avantis Emerging Markets Eq | Add +58.9% | 0.72% | +0.26 |
| AVSD Avantis Reps Intern Equi ETF | New | 0.18% | +0.18 |
| AVSU Avantis Resp US Equity ETF | Add +80.4% | 0.36% | +0.15 |
| AVNM Avantis All Intl MKTS Eq ETF | New | 0.12% | +0.12 |
| MSFT Microsoft Corp. | Add +3.2% | 0.81% | +0.12 |
| V Visa Inc. Class A | New | 0.11% | +0.11 |
| DUHP Dimensional US High Profi Et | New | 0.11% | +0.11 |
| PLTR Palantir Technologies Inc. Class A | New | 0.11% | +0.11 |
| VWO Vanguard Ftse Emerging Marke | New | 0.10% | +0.10 |
| MU Micron Technology Inc. | New | 0.10% | +0.10 |
| AVLV Avantis US Large Cap Value | New | 0.10% | +0.10 |
| C Citigroup Inc. | New | 0.10% | +0.10 |
| AXP American Express Co. | New | 0.10% | +0.10 |
| XLK SS Technology Select Sector | New | 0.10% | +0.10 |
| DFAE Dimensional Emerging Core Eq | Add +8.8% | 2.12% | +0.10 |
| LRCX Lam Research Corp. | New | 0.10% | +0.10 |
| NFLX Netflix Inc. | Add +6.0% | 0.38% | +0.09 |
| DFAR Dimensional US Real Est ETF | Add +32.3% | 0.79% | +0.09 |
| DFAW Dimensional World Eqty ETF | Add +27.3% | 0.21% | +0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +1.4% | 0.16% | +0.03 |
| BA The Boeing Co. | Add +0.1% | 0.21% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +2.0% | 0.18% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +1.3% | 0.33% | −0.00 |
| AVRE Avantis Real Estate ETF | Add +10.1% | 0.12% | −0.00 |
| BAC Bank of America Corp. | Add +0.0% | 0.20% | −0.00 |
| COST Costco Wholesale Corp. | Add +6.5% | 0.12% | −0.00 |
| T AT&T Inc. | Add +2.5% | 0.11% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.6% | 0.11% | −0.03 |
| AVDE Avantis International Equity | Add +2.1% | 2.32% | −0.04 |
| DFUS Dimensional US Eq MKT ETF | Add +2.8% | 3.55% | −0.07 |
| DCOR Dimensional US Core Eq 1 ETF | Add +1.2% | 1.37% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +7.8% | 0.44% | −0.08 |
| AVGE Avantis All Eqty Mrkts ETF | Add +3.0% | 2.31% | −0.09 |
| CVX Chevron Corp. | Add +2.5% | 0.57% | −0.19 |
| DFSD Dimensional Short Duration | Add +5.1% | 2.35% | −0.22 |
| AAPL Apple Inc. | Add +12.4% | 1.91% | −0.23 |
| DFUV Dimensional US Marketwide Va | Add +1.2% | 2.15% | −0.26 |
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 |