FMB Wealth Management

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 22, 2026), FMB Wealth Management reported 91 stock positions worth $253.4 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, 7.8%) and Avantis U.S. Equity ETF (AVUS, 6.7%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 34 and reduced 25. The biggest buy was a new position in Marriott International Class A (MAR) and the biggest sale Dimensional US Vtor Eqty ETF (DXUV, shares −3%).

Most Recent 13F
Q2 2026
Location
WESTLAKE VILLAGE, CA
CIK
0002040224
Portfolio Value
$253.4M (Q4 2025)
SEC Filing
0002040224-26-000001 ↗ filed Jan 22, 2026

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 Q3 2025 Q4 2025: $253.4M $253.4M Q4 2025 Q1 2026: $241.7M Q1 2026 Q2 2026: $271.8M Q2 2026

Holdings 91 stocks · $253.4M
DFAC Dimensional US Core Equity 2 17.69% 1,132,662 $44.8M Add +4.7%
DXUV Dimensional US Vtor Eqty ETF 7.76% 328,843 $19.7M Reduce -3.0%
AVUS Avantis U.S. Equity ETF 6.71% 152,105 $17.0M Add +5.5%
DFAX Dimensional World Ex US Core 6.01% 465,617 $15.2M Add +5.6%
DXIV Dimensional Intr Vtor E ETF 5.23% 203,655 $13.3M Reduce -2.1%
DFAU Dimensional US Core Equity M 4.03% 218,064 $10.2M Add +0.4%
DFIC Dimensional International Co. 3.55% 260,783 $9.0M Add +4.7%
DFUS Dimensional US Eq MKT ETF 3.29% 112,431 $8.3M Add +0.2%
DFSD Dimensional Short Duration 2.82% 149,274 $7.2M Add +31.0%
DFAT Dimensional US Target Value 2.49% 105,843 $6.3M Reduce -0.3%
DFAI Dimensional International Co. 2.33% 154,947 $5.9M Add +0.7%
AVDE Avantis International Equity 2.33% 71,608 $5.9M Add +7.5%
AVGE Avantis All Eqty Mrkts ETF 2.13% 62,780 $5.4M Add +0.3%
AAPL Apple Inc. 2.11% 19,709 $5.4M Reduce -0.5%
DFAE Dimensional Emerging Core Eq 2.06% 160,207 $5.2M Reduce -1.4%
DFUV Dimensional US Marketwide Va 1.96% 106,548 $5.0M Reduce -0.4%
DFAS Dimensional US Small Cap ETF 1.79% 64,944 $4.5M Reduce -0.7%
DFIV Dimensional International Va 1.63% 82,576 $4.1M Reduce -0.0%
NVDA Nvidia Corp. 1.39% 18,849 $3.5M Add +0.1%
DCOR Dimensional US Core Eq 1 ETF 1.29% 44,468 $3.3M Add +3.9%
DUSB Dimension Ultrashort Fi ETF 1.25% 62,573 $3.2M Add +0.6%
SPY SS SPDR S&P 500 ETF Trust-US 1.12% 4,170 $2.8M Add +9.7%
AVUV Avantis US Small Cap Value 0.94% 23,373 $2.4M Reduce -10.2%
AMGN Amgen Inc. 0.91% 7,023 $2.3M Add +0.3%
DFAR Dimensional US Real Est ETF 0.79% 87,964 $2.0M Add +2.3%
AVEM Avantis Emerging Markets Eq 0.75% 24,673 $1.9M Add +10.4%
IWR iShares Russell Mid-Cap ETF 0.71% 18,651 $1.8M Add +2.4%
MAR Marriott International Class A 0.70% 5,679 $1.8M New
MSFT Microsoft Corp. 0.65% 3,406 $1.6M Add +0.0%
DFEM Dimensional Emrg MRKT Core 0.59% 45,356 $1.5M Add +4.0%
IVV iShares Core S&P 500 ETF 0.57% 2,103 $1.4M No change
GNR State Street SPDR S&P Global 0.53% 21,799 $1.4M No change
DFIP Dimensional Inflation-Protec 0.52% 31,589 $1.3M Reduce -0.1%
CVX Chevron Corp. 0.50% 8,360 $1.3M Reduce -0.5%
GOOGL Alphabet Inc. Class A 0.50% 4,038 $1.3M Add +1.5%
AVDV Avantis Intl S/C Value ETF 0.48% 12,858 $1.2M Reduce -2.5%
QQQ Invesco QQQ Trust Series 1 0.47% 1,947 $1.2M No change
GOOG Alphabet Inc. Class C 0.43% 3,451 $1.1M No change
AMZN Amazon.com Inc. 0.39% 4,308 $994K Add +2.6%
VTIP Vanguard Short-Term Tips 0.39% 20,099 $994K Add +225.0%
BSV Vanguard Short-Term Bond ETF 0.37% 11,978 $944K New
DFSV Dimensional US Small Cap Val 0.36% 27,835 $916K Add +0.4%
BRK.B Berkshire Hathaway Inc. Class B 0.35% 1,759 $884K Reduce -0.2%
AVSU Avantis Resp US Equity ETF 0.34% 11,263 $859K No change
DFAW Dimensional World Eqty ETF 0.33% 11,289 $835K Add +7.6%
TSLA Tesla Inc. 0.32% 1,803 $811K Reduce -17.1%
TSM Taiwan Semiconductor-SP ADR 0.32% 2,638 $802K No change
AVGO Broadcom Inc. 0.31% 2,237 $774K Add +1.4%
META Meta Platforms Inc. Class A 0.31% 1,172 $774K Add +1.4%
SCHW Schwab (charles) Corp. 0.26% 6,609 $660K New
SCHF Schwab Intl Equity ETF 0.25% 26,752 $643K No change
IJR iShares Core S&P Small-Cap E 0.23% 4,846 $582K No change
NFLX Netflix Inc. 0.21% 5,710 $535K Add +2.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.19% 8,694 $478K No change
BA The Boeing Co. 0.18% 2,056 $446K No change
AVNM Avantis All Intl MKTS Eq ETF 0.18% 6,048 $445K Add +48.8%
JPM JPMorgan Chase & Co. 0.16% 1,276 $411K No change
AVSD Avantis Reps Intern Equi ETF 0.16% 5,529 $411K No change
MU Micron Technology Inc. 0.16% 1,432 $409K Reduce -18.7%
ROK Rockwell Automation Inc. 0.15% 1,003 $390K No change
LRCX Lam Research Corp. 0.14% 2,060 $353K No change
XOM Exxon Mobil Corp. 0.14% 2,911 $350K Add +2.3%
ASML ASML Holding NV-NY Reg SHS 0.13% 319 $341K No change
AVES Avantis Emerging Markets Val 0.13% 5,490 $320K No change
AVRE Avantis Real Estate ETF 0.12% 7,202 $314K Add +24.2%
C Citigroup Inc. 0.12% 2,618 $305K No change
ILCB iShares Morningstar U.S. Equ 0.12% 3,188 $301K No change
VTI VG Morningstar TS MKT ETF-US 0.12% 882 $296K Reduce -5.4%
JNJ Johnson & Johnson 0.12% 1,427 $295K Add +5.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.12% 995 $295K Reduce -5.1%
CAT Caterpillar Inc. 0.11% 493 $282K No change
LLY Eli Lilly & Co. 0.11% 258 $277K New
ANAB Anaptysbio Inc. 0.11% 5,592 $271K New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.10% 2,215 $252K Reduce -0.5%
HD Home Depot Inc. 0.10% 705 $243K Reduce -0.4%
DUHP Dimensional US High Profi Et 0.10% 6,372 $242K Add +0.8%
RTX RTX Corp. 0.09% 1,309 $240K No change
PLTR Palantir Technologies Inc. Class A 0.09% 1,347 $239K Reduce -9.3%
CRWD CrowdStrike Holdings Inc. Class A 0.09% 510 $239K Reduce -20.2%
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.09% 3,010 $237K No change
VWO Vanguard Ftse Emerging Marke 0.09% 4,396 $236K No change
XLK SS Technology Select Sector 0.09% 1,617 $233K No change
SHEL Shell PLC-ADR 0.09% 3,145 $231K Reduce -0.1%
AZN Astrazeneca PLC-Spons ADR 0.09% 2,477 $228K New
DFSU Dimensional US Sus CORE1 ETF 0.09% 5,178 $225K New
NEE Nextera Energy Inc. 0.09% 2,781 $223K Add +0.2%
AXP American Express Co. 0.09% 589 $218K Reduce -8.8%
AVLV Avantis US Large Cap Value 0.08% 2,728 $207K Reduce -13.1%
PG The Procter & Gamble Co. 0.08% 1,419 $203K Reduce -0.6%
USA Liberty All Star Equity Fund 0.03% 11,719 $74K No change
LYG Lloyds Banking Group PLC-ADR 0.02% 11,812 $63K No change

Portfolio Sells Q3 2025 → Q4 2025
DXUV Dimensional US Vtor Eqty ETF Reduce -3.0% 7.76% −0.63
DXIV Dimensional Intr Vtor E ETF Reduce -2.1% 5.23% −0.19
AVUV Avantis US Small Cap Value Reduce -10.2% 0.94% −0.16
DFAT Dimensional US Target Value Reduce -0.3% 2.49% −0.13
DFAE Dimensional Emerging Core Eq Reduce -1.4% 2.06% −0.11
DFAS Dimensional US Small Cap ETF Reduce -0.7% 1.79% −0.11
ONEQ Fidelity Nasdaq Comp Indx Sold out 0.00% −0.10
ORCL Oracle Corp. Sold out 0.00% −0.10
T AT&T Inc. Sold out 0.00% −0.09
TSLA Tesla Inc. Reduce -17.1% 0.32% −0.09
COST Costco Wholesale Corp. Sold out 0.00% −0.09
UBER Uber Technologies Inc. Sold out 0.00% −0.09
DFUV Dimensional US Marketwide Va Reduce -0.4% 1.96% −0.07
CVX Chevron Corp. Reduce -0.5% 0.50% −0.05
DFIP Dimensional Inflation-Protec Reduce -0.1% 0.52% −0.05
CRWD CrowdStrike Holdings Inc. Class A Reduce -20.2% 0.09% −0.04
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.2% 0.35% −0.03
HD Home Depot Inc. Reduce -0.4% 0.10% −0.03
AAPL Apple Inc. Reduce -0.5% 2.11% −0.02
AVDV Avantis Intl S/C Value ETF Reduce -2.5% 0.48% −0.02
PLTR Palantir Technologies Inc. Class A Reduce -9.3% 0.09% −0.02
AVLV Avantis US Large Cap Value Reduce -13.1% 0.08% −0.01
VTI VG Morningstar TS MKT ETF-US Reduce -5.4% 0.12% −0.01
PG The Procter & Gamble Co. Reduce -0.6% 0.08% −0.01
IBM Intl Business Machines Corp. Reduce -5.1% 0.12% −0.01
DIS The Walt Disney Co. Reduce -0.5% 0.10% −0.01
AXP American Express Co. Reduce -8.8% 0.09% −0.00
SHEL Shell PLC-ADR Reduce -0.1% 0.09% −0.00
DFIV Dimensional International Va Reduce -0.0% 1.63% +0.01
MU Micron Technology Inc. Reduce -18.7% 0.16% +0.04

Portfolio Buys Q3 2025 → Q4 2025
MAR Marriott International Class A New 0.70% +0.70
DFSD Dimensional Short Duration Add +31.0% 2.82% +0.50
BSV Vanguard Short-Term Bond ETF New 0.37% +0.37
SCHW Schwab (charles) Corp. New 0.26% +0.26
VTIP Vanguard Short-Term Tips Add +225.0% 0.39% +0.26
DFAX Dimensional World Ex US Core Add +5.6% 6.01% +0.15
LLY Eli Lilly & Co. New 0.11% +0.11
ANAB Anaptysbio Inc. New 0.11% +0.11
AVDE Avantis International Equity Add +7.5% 2.33% +0.10
AZN Astrazeneca PLC-Spons ADR New 0.09% +0.09
GOOGL Alphabet Inc. Class A Add +1.5% 0.50% +0.09
DFSU Dimensional US Sus CORE1 ETF New 0.09% +0.09
DFIC Dimensional International Co. Add +4.7% 3.55% +0.09
AMGN Amgen Inc. Add +0.3% 0.91% +0.07
AVUS Avantis U.S. Equity ETF Add +5.5% 6.71% +0.07
AVNM Avantis All Intl MKTS Eq ETF Add +48.8% 0.18% +0.05
SPY SS SPDR S&P 500 ETF Trust-US Add +9.7% 1.12% +0.05
AVEM Avantis Emerging Markets Eq Add +10.4% 0.75% +0.04
DFAC Dimensional US Core Equity 2 Add +4.7% 17.69% +0.02
AVRE Avantis Real Estate ETF Add +24.2% 0.12% +0.01
DFAW Dimensional World Eqty ETF Add +7.6% 0.33% +0.01
JNJ Johnson & Johnson Add +5.3% 0.12% +0.01
XOM Exxon Mobil Corp. Add +2.3% 0.14% +0.00
AMZN Amazon.com Inc. Add +2.6% 0.39% +0.00
DFEM Dimensional Emrg MRKT Core Add +4.0% 0.59% −0.00
NEE Nextera Energy Inc. Add +0.2% 0.09% −0.00
AVGO Broadcom Inc. Add +1.4% 0.31% −0.00
DUHP Dimensional US High Profi Et Add +0.8% 0.10% −0.01
DCOR Dimensional US Core Eq 1 ETF Add +3.9% 1.29% −0.01
DFSV Dimensional US Small Cap Val Add +0.4% 0.36% −0.01
IWR iShares Russell Mid-Cap ETF Add +2.4% 0.71% −0.04
DFAI Dimensional International Co. Add +0.7% 2.33% −0.04
META Meta Platforms Inc. Class A Add +1.4% 0.31% −0.05
NFLX Netflix Inc. Add +2.7% 0.21% −0.07
DFAR Dimensional US Real Est ETF Add +2.3% 0.79% −0.07
AVGE Avantis All Eqty Mrkts ETF Add +0.3% 2.13% −0.08
DUSB Dimension Ultrashort Fi ETF Add +0.6% 1.25% −0.09
MSFT Microsoft Corp. Add +0.0% 0.65% −0.10
NVDA Nvidia Corp. Add +0.1% 1.39% −0.10
DFUS Dimensional US Eq MKT ETF Add +0.2% 3.29% −0.15
DFAU Dimensional US Core Equity M Add +0.4% 4.03% −0.18

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