FMB Wealth Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), FMB Wealth Management reported 89 stock positions worth $236.1 million. Its top holding was Dimensional US Core Equity 2 (DFAC) at 17.7% of the portfolio, followed by Dimensional US Vtor Eqty ETF (DXUV, 8.4%) and Avantis U.S. Equity ETF (AVUS, 6.6%). Compared with Q2 2025, it opened 7 new positions, sold out of 2, added to 28 and reduced 24. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +11%) and the biggest sale an exit from Anaptysbio (ANAB).

Most Recent 13F
Q2 2026
Location
WESTLAKE VILLAGE, CA
CIK
0002040224
Portfolio Value
$236.1M (Q3 2025)
SEC Filing
0002040224-25-000007 ↗ filed Oct 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $125.4M Q1 2024 Q2 2024: $131.5M Q2 2024 Q3 2024: $176.9M Q3 2024 Q4 2024: $177.6M Q4 2024 Q1 2025: $180.8M Q1 2025 Q2 2025: $210.0M Q2 2025 Q3 2025: $236.1M $236.1M Q3 2025 Q4 2025: $253.4M Q4 2025 Q1 2026: $241.7M Q1 2026 Q2 2026: $271.8M Q2 2026

Holdings 89 stocks · $236.1M
DFAC Dimensional US Core Equity 2 17.67% 1,081,919 $41.7M Add +11.3%
DXUV Dimensional US Vtor Eqty ETF 8.39% 338,866 $19.8M Reduce -0.0%
AVUS Avantis U.S. Equity ETF 6.64% 144,232 $15.7M Add +3.1%
DFAX Dimensional World Ex US Core 5.86% 440,901 $13.8M Add +7.9%
DXIV Dimensional Intr Vtor E ETF 5.42% 207,975 $12.8M Reduce -0.0%
DFAU Dimensional US Core Equity M 4.21% 217,192 $9.9M Reduce -0.5%
DFIC Dimensional International Co. 3.46% 249,078 $8.2M Add +22.9%
DFUS Dimensional US Eq MKT ETF 3.44% 112,189 $8.1M Add +0.8%
DFAT Dimensional US Target Value 2.62% 106,186 $6.2M Add +0.5%
DFAI Dimensional International Co. 2.37% 153,848 $5.6M Add +0.6%
DFSD Dimensional Short Duration 2.33% 113,978 $5.5M Add +10.7%
AVDE Avantis International Equity 2.23% 66,621 $5.3M Add +1.3%
AVGE Avantis All Eqty Mrkts ETF 2.21% 62,575 $5.2M Reduce -0.0%
DFAE Dimensional Emerging Core Eq 2.17% 162,492 $5.1M Add +5.7%
AAPL Apple Inc. 2.14% 19,815 $5.0M Add +1.1%
DFUV Dimensional US Marketwide Va 2.03% 107,000 $4.8M No change
DFAS Dimensional US Small Cap ETF 1.90% 65,381 $4.5M Reduce -0.9%
DFIV Dimensional International Va 1.61% 82,606 $3.8M Reduce -0.1%
NVDA Nvidia Corp. 1.49% 18,826 $3.5M Add +0.3%
DUSB Dimension Ultrashort Fi ETF 1.34% 62,196 $3.2M Add +16.6%
DCOR Dimensional US Core Eq 1 ETF 1.30% 42,809 $3.1M Reduce -0.7%
AVUV Avantis US Small Cap Value 1.10% 26,028 $2.6M No change
SPY SS SPDR S&P 500 ETF Trust-US 1.07% 3,802 $2.5M No change
DFAR Dimensional US Real Est ETF 0.87% 85,994 $2.1M Add +21.8%
AMGN Amgen Inc. 0.84% 6,999 $2.0M Reduce -0.4%
MSFT Microsoft Corp. 0.75% 3,405 $1.8M Reduce -0.4%
IWR iShares Russell Mid-Cap ETF 0.75% 18,222 $1.8M No change
AVEM Avantis Emerging Markets Eq 0.71% 22,340 $1.7M Add +1.8%
IVV iShares Core S&P 500 ETF 0.60% 2,103 $1.4M No change
DFEM Dimensional Emrg MRKT Core 0.59% 43,602 $1.4M Add +52.4%
DFIP Dimensional Inflation-Protec 0.57% 31,609 $1.3M Add +8.1%
CVX Chevron Corp. 0.55% 8,400 $1.3M Reduce -0.3%
GNR State Street SPDR S&P Global 0.55% 21,799 $1.3M No change
AVDV Avantis Intl S/C Value ETF 0.50% 13,191 $1.2M No change
QQQ Invesco QQQ Trust Series 1 0.50% 1,947 $1.2M No change
TSLA Tesla Inc. 0.41% 2,176 $968K Reduce -1.3%
GOOGL Alphabet Inc. Class A 0.41% 3,978 $967K Add +0.3%
AMZN Amazon.com Inc. 0.39% 4,200 $922K Reduce -3.5%
BRK.B Berkshire Hathaway Inc. Class B 0.38% 1,763 $886K Reduce -7.1%
DFSV Dimensional US Small Cap Val 0.37% 27,715 $882K Add +1.1%
META Meta Platforms Inc. Class A 0.36% 1,156 $849K Reduce -0.3%
GOOG Alphabet Inc. Class C 0.36% 3,451 $840K No change
AVSU Avantis Resp US Equity ETF 0.35% 11,263 $829K Add +1.3%
DFAW Dimensional World Eqty ETF 0.32% 10,489 $754K Add +60.6%
TSM Taiwan Semiconductor-SP ADR 0.31% 2,638 $737K No change
AVGO Broadcom Inc. 0.31% 2,207 $728K Reduce -0.2%
NFLX Netflix Inc. 0.28% 556 $667K Reduce -7.3%
SCHF Schwab Intl Equity ETF 0.26% 26,752 $623K No change
IJR iShares Core S&P Small-Cap E 0.24% 4,846 $576K Reduce -18.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 8,694 $449K No change
BA The Boeing Co. 0.19% 2,056 $444K No change
JPM JPMorgan Chase & Co. 0.17% 1,276 $402K Add +0.6%
AVSD Avantis Reps Intern Equi ETF 0.17% 5,529 $396K No change
ROK Rockwell Automation Inc. 0.15% 1,003 $351K No change
XOM Exxon Mobil Corp. 0.14% 2,845 $321K Add +0.0%
AVES Avantis Emerging Markets Val 0.13% 5,490 $315K No change
CRWD CrowdStrike Holdings Inc. Class A 0.13% 639 $313K Reduce -3.9%
VTIP Vanguard Short-Term Tips 0.13% 6,184 $313K No change
ASML ASML Holding NV-NY Reg SHS 0.13% 319 $309K No change
VTI VG Morningstar TS MKT ETF-US 0.13% 932 $306K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.13% 1,048 $296K Reduce -3.6%
MU Micron Technology Inc. 0.12% 1,762 $295K Add +0.1%
ILCB iShares Morningstar U.S. Equ 0.12% 3,188 $295K No change
AVNM Avantis All Intl MKTS Eq ETF 0.12% 4,065 $287K Add +3.5%
HD Home Depot Inc. 0.12% 708 $287K Add +0.1%
LRCX Lam Research Corp. 0.12% 2,060 $276K No change
PLTR Palantir Technologies Inc. Class A 0.11% 1,486 $271K Reduce -9.2%
C Citigroup Inc. 0.11% 2,618 $266K Add +4.1%
AVRE Avantis Real Estate ETF 0.11% 5,800 $258K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 2,225 $255K Add +0.9%
JNJ Johnson & Johnson 0.11% 1,355 $251K Reduce -0.7%
DUHP Dimensional US High Profi Et 0.10% 6,320 $239K No change
VWO Vanguard Ftse Emerging Marke 0.10% 4,396 $238K No change
CAT Caterpillar Inc. 0.10% 493 $235K New
XLK SS Technology Select Sector 0.10% 809 $228K No change
AVLV Avantis US Large Cap Value 0.10% 3,140 $227K No change
SHEL Shell PLC-ADR 0.10% 3,148 $225K No change
ORCL Oracle Corp. 0.10% 799 $225K New
ONEQ Fidelity Nasdaq Comp Indx 0.10% 2,521 $225K New
PG The Procter & Gamble Co. 0.09% 1,427 $219K Reduce -0.1%
RTX RTX Corp. 0.09% 1,309 $219K New
T AT&T Inc. 0.09% 7,636 $216K Reduce -0.2%
AXP American Express Co. 0.09% 646 $215K No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.09% 3,010 $214K New
COST Costco Wholesale Corp. 0.09% 229 $212K Reduce -6.9%
NEE Nextera Energy Inc. 0.09% 2,775 $209K New
UBER Uber Technologies Inc. 0.09% 2,129 $209K New
USA Liberty All Star Equity Fund 0.03% 11,719 $74K No change
LYG Lloyds Banking Group PLC-ADR 0.02% 11,812 $54K No change

Portfolio Sells Q2 2025 → Q3 2025
ANAB Anaptysbio Inc. Sold out 0.00% −0.38
DXUV Dimensional US Vtor Eqty ETF Reduce -0.0% 8.39% −0.36
DXIV Dimensional Intr Vtor E ETF Reduce -0.0% 5.42% −0.33
DFAU Dimensional US Core Equity M Reduce -0.5% 4.21% −0.19
V Visa Inc. Class A Sold out 0.00% −0.11
DFAS Dimensional US Small Cap ETF Reduce -0.9% 1.90% −0.11
NFLX Netflix Inc. Reduce -7.3% 0.28% −0.10
AVGE Avantis All Eqty Mrkts ETF Reduce -0.0% 2.21% −0.10
AMGN Amgen Inc. Reduce -0.4% 0.84% −0.10
DFIV Dimensional International Va Reduce -0.1% 1.61% −0.07
DCOR Dimensional US Core Eq 1 ETF Reduce -0.7% 1.30% −0.07
IJR iShares Core S&P Small-Cap E Reduce -18.4% 0.24% −0.07
AMZN Amazon.com Inc. Reduce -3.5% 0.39% −0.06
BRK.B Berkshire Hathaway Inc. Class B Reduce -7.1% 0.38% −0.06
MSFT Microsoft Corp. Reduce -0.4% 0.75% −0.06
META Meta Platforms Inc. Class A Reduce -0.3% 0.36% −0.05
CRWD CrowdStrike Holdings Inc. Class A Reduce -3.9% 0.13% −0.03
IBM Intl Business Machines Corp. Reduce -3.6% 0.13% −0.03
COST Costco Wholesale Corp. Reduce -6.9% 0.09% −0.03
CVX Chevron Corp. Reduce -0.3% 0.55% −0.02
PG The Procter & Gamble Co. Reduce -0.1% 0.09% −0.02
T AT&T Inc. Reduce -0.2% 0.09% −0.01
JNJ Johnson & Johnson Reduce -0.7% 0.11% +0.01
PLTR Palantir Technologies Inc. Class A Reduce -9.2% 0.11% +0.01
AVGO Broadcom Inc. Reduce -0.2% 0.31% +0.02
TSLA Tesla Inc. Reduce -1.3% 0.41% +0.08

Portfolio Buys Q2 2025 → Q3 2025
DFAC Dimensional US Core Equity 2 Add +11.3% 17.67% +1.09
DFIC Dimensional International Co. Add +22.9% 3.46% +0.46
AAPL Apple Inc. Add +1.1% 2.14% +0.22
DFEM Dimensional Emrg MRKT Core Add +52.4% 0.59% +0.19
DFAX Dimensional World Ex US Core Add +7.9% 5.86% +0.15
DFAW Dimensional World Eqty ETF Add +60.6% 0.32% +0.11
CAT Caterpillar Inc. New 0.10% +0.10
ONEQ Fidelity Nasdaq Comp Indx New 0.10% +0.10
ORCL Oracle Corp. New 0.10% +0.10
RTX RTX Corp. New 0.09% +0.09
HSBC HSBC Holdings PLC-Spons ADR New 0.09% +0.09
NEE Nextera Energy Inc. New 0.09% +0.09
UBER Uber Technologies Inc. New 0.09% +0.09
DFAR Dimensional US Real Est ETF Add +21.8% 0.87% +0.08
GOOGL Alphabet Inc. Class A Add +0.3% 0.41% +0.08
NVDA Nvidia Corp. Add +0.3% 1.49% +0.08
DFAE Dimensional Emerging Core Eq Add +5.7% 2.17% +0.05
DUSB Dimension Ultrashort Fi ETF Add +16.6% 1.34% +0.05
MU Micron Technology Inc. Add +0.1% 0.12% +0.02
C Citigroup Inc. Add +4.1% 0.11% +0.01
AVNM Avantis All Intl MKTS Eq ETF Add +3.5% 0.12% −0.00
HD Home Depot Inc. Add +0.1% 0.12% −0.00
JPM JPMorgan Chase & Co. Add +0.6% 0.17% −0.00
AVEM Avantis Emerging Markets Eq Add +1.8% 0.71% −0.01
XOM Exxon Mobil Corp. Add +0.0% 0.14% −0.01
DFSV Dimensional US Small Cap Val Add +1.1% 0.37% −0.01
AVSU Avantis Resp US Equity ETF Add +1.3% 0.35% −0.01
DFIP Dimensional Inflation-Protec Add +8.1% 0.57% −0.02
DIS The Walt Disney Co. Add +0.9% 0.11% −0.02
DFSD Dimensional Short Duration Add +10.7% 2.33% −0.03
AVUS Avantis U.S. Equity ETF Add +3.1% 6.64% −0.08
AVDE Avantis International Equity Add +1.3% 2.23% −0.09
DFAT Dimensional US Target Value Add +0.5% 2.62% −0.10
DFUS Dimensional US Eq MKT ETF Add +0.8% 3.44% −0.11
DFAI Dimensional International Co. Add +0.6% 2.37% −0.15

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 74$271.8MDFAC, DXUV, AVUS, DFAX, DXIV
Q1 2026 73$241.7MDFAC, DXUV, AVUS, DFAX, DXIV
Q4 2025 91$253.4MDFAC, DXUV, AVUS, DFAX, DXIV
Q3 2025 89$236.1MDFAC, DXUV, AVUS, DFAX, DXIV
Q2 2025 84$210.0MDFAC, DXUV, AVUS, DXIV, DFAX
Q1 2025 75$180.8MDFAC, DXUV, AVUS, DXIV, DFAX
Q4 2024 67$177.6MDFAC, DXUV, AVUS, DXIV, DFAU
Q3 2024 75$176.9MDFAC, DXUV, DXIV, AVUS, DFAU
Q2 2024 69$131.5MDFAC, AVUS, DFAU, DFUS, DFAX
Q1 2024 67$125.4MDFAC, AVUS, DFAU, DFUS, DFAT