Forum Financial Management, LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 20, 2025), Forum Financial Management, LP reported 890 stock positions worth $6.0 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 21.5% of the portfolio, followed by iShares 10-20 Year Treasury (TLH, 12.4%) and Dimensional US Target Value (DFAT, 8.2%). Compared with Q3 2024, it opened 203 new positions, sold out of 78, added to 495 and reduced 100. The biggest buy was a new position in Amgen and the biggest sale an exit from Amgen (AMGN).
- Most Recent 13F
- Q2 2026
- Location
- LOMBARD, IL
- CIK
- 0001911832
- Portfolio Value
- $6.0B (Q4 2024)
- SEC Filing
- 0001911832-25-000003 ↗ filed Feb 20, 2025
Holdings Value
Holdings 890 stocks · $6.0B
| DFAC Dimensional US Core Equity 2 | 21.54% | 37,575,502 | $1.3B | Reduce -0.0% |
| TLH iShares 10-20 Year Treasury | 12.40% | 7,518,329 | $748.4M | Add +5.3% |
| DFAT Dimensional US Target Value | 8.25% | 8,944,962 | $497.9M | Add +1.8% |
| DFEM Dimensional Emrg MRKT Core | 7.09% | 16,327,878 | $427.6M | Add +4.9% |
| DFIC Dimensional International Co. | 7.00% | 16,351,244 | $422.6M | Add +3.7% |
| DFGR Dim Global Real Estate ETF | 5.93% | 14,010,051 | $357.8M | Reduce -0.4% |
| DFGP Dimensional GLBL Core PL Fix | 4.76% | 5,436,899 | $287.2M | Add +2.5% |
| DUHP Dimensional US High Profi Et | 3.85% | 6,874,176 | $232.3M | Add +0.5% |
| DISV Dimensional International SM | 2.81% | 6,389,795 | $169.8M | Add +2.9% |
| DIHP Dimensional International Hi | 2.60% | 6,222,653 | $157.0M | Add +3.5% |
| AMGEN INC | 1.52% | 352,784 | $91.9M | New |
| DFUS Dimensional US Eq MKT ETF | 1.33% | 1,261,486 | $80.4M | Add +2.9% |
| APPLE INC | 1.31% | 315,003 | $78.9M | New |
| DFUV Dimensional US Marketwide Va | 0.90% | 1,327,469 | $54.3M | Add +8.6% |
| PLTR Palantir Technologies Inc. Class A | 0.64% | 510,376 | $38.6M | Reduce -5.5% |
| MSFT Microsoft Corp. | 0.56% | 79,704 | $33.6M | Add +59.6% |
| DFAX Dimensional World Ex US Core | 0.54% | 1,319,106 | $32.8M | Reduce -0.5% |
| DFIS Dimensional International SM | 0.48% | 1,167,811 | $28.7M | Add +46.1% |
| HYD Vaneck High Yield Muni ETF | 0.47% | 548,752 | $28.5M | Reduce -14.7% |
| NVDA Nvidia Corp. | 0.42% | 189,998 | $25.5M | Add +28.2% |
| AMAZON COM INC | 0.42% | 115,602 | $25.4M | New |
| META Meta Platforms Inc. Class A | 0.38% | 39,362 | $23.0M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 0.33% | 82,979 | $19.9M | Add +3.5% |
| MUB iShares National Muni Bond E | 0.30% | 167,217 | $17.8M | Reduce -35.7% |
| DFIV Dimensional International Va | 0.28% | 478,690 | $17.0M | Add +9.5% |
| DFSU Dimensional US Sus CORE1 ETF | 0.25% | 398,648 | $15.1M | Add +0.3% |
| GOOGL Alphabet Inc. Class A | 0.25% | 79,160 | $15.0M | Add +6.4% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 0.24% | 665,149 | $14.4M | Reduce -8.6% |
| GOOG Alphabet Inc. Class C | 0.22% | 68,278 | $13.0M | Add +6.4% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.21% | 388,959 | $12.9M | Add +4.3% |
| VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS | 0.19% | 1,154,016 | $11.7M | Add +5736.9% |
| TSLA Tesla Inc. | 0.19% | 27,854 | $11.2M | Add +6.3% |
| CBOE Cboe Global Markets Inc. | 0.18% | 56,462 | $11.0M | No change |
| ABBV Abbvie Inc. | 0.17% | 58,788 | $10.4M | Add +11.4% |
| DFSI Dimensional Int Sus COR1 ETF | 0.16% | 301,113 | $9.9M | Add +5.8% |
| DFAS Dimensional US Small Cap ETF | 0.16% | 149,086 | $9.7M | Add +15.4% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.16% | 16,244 | $9.5M | Add +3.7% |
| DFAR Dimensional US Real Est ETF | 0.16% | 403,738 | $9.4M | Reduce -1.6% |
| XOM Exxon Mobil Corp. | 0.16% | 87,199 | $9.4M | Add +11.2% |
| AVGO Broadcom Inc. | 0.13% | 33,173 | $7.7M | Add +9.6% |
| IWF iShares Russell 1000 Growth | 0.12% | 18,268 | $7.3M | Reduce -2.2% |
| WMT Walmart Inc. | 0.11% | 75,100 | $6.8M | Add +4.0% |
| LLY Eli Lilly & Co. | 0.11% | 8,615 | $6.7M | Add +3.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.11% | 132,575 | $6.6M | Add +1141.1% |
| ABBOTT LABS | 0.11% | 58,573 | $6.6M | New |
| DE Deere & Co. | 0.10% | 14,706 | $6.2M | Add +13.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.10% | 21,279 | $6.2M | Add +9.7% |
| VGLT Vanguard Long-Term Treasury | 0.10% | 109,048 | $6.0M | Add +2.7% |
| HD Home Depot Inc. | 0.10% | 15,364 | $6.0M | Add +4.7% |
| CVX Chevron Corp. | 0.09% | 36,561 | $5.3M | Add +12.8% |
| IVV iShares Core S&P 500 ETF | 0.08% | 8,515 | $5.0M | Add +1.9% |
| JNJ Johnson & Johnson | 0.08% | 32,409 | $4.7M | Add +31.8% |
| BANK AMERICA CORP | 0.08% | 104,062 | $4.6M | New |
| VOO Vanguard S&P 500 ETF | 0.07% | 8,380 | $4.5M | Add +22.9% |
| COST Costco Wholesale Corp. | 0.07% | 4,916 | $4.5M | Add +21.5% |
| TTE Totalenergies SE -Spon ADR | 0.07% | 82,033 | $4.5M | Add +36.0% |
| TM Toyota Motor Corp. -Spon ADR | 0.07% | 22,477 | $4.4M | Add +29.9% |
| SAP Sap SE-Sponsored ADR | 0.07% | 17,674 | $4.4M | Add +16.3% |
| OSBC Old Second Bancorp Inc. | 0.07% | 243,837 | $4.3M | Reduce -80.2% |
| UNH Unitedhealth Group Inc. | 0.07% | 8,480 | $4.3M | Add +25.2% |
| MUFG Mitsubishi Ufj Finl-Spon ADR | 0.07% | 357,561 | $4.2M | Add +5.7% |
| PG The Procter & Gamble Co. | 0.07% | 24,234 | $4.1M | Add +12.6% |
| TBIL F/M US Treasury 3 Month Bill | 0.07% | 81,256 | $4.1M | Add +2.6% |
| OUNZ Vaneck Merk Gold ETF | 0.07% | 160,123 | $4.1M | No change |
| WFC Wells Fargo & Co. | 0.07% | 55,896 | $3.9M | Add +14.6% |
| SYY Sysco Corp. | 0.06% | 48,614 | $3.7M | Add +2.1% |
| BHP GROUP LTD | 0.06% | 75,114 | $3.7M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.06% | 32,003 | $3.6M | Add +31.0% |
| T AT&T Inc. | 0.06% | 156,081 | $3.6M | Add +39.2% |
| CRM Salesforce Inc. | 0.06% | 10,543 | $3.5M | Add +24.5% |
| SHV iShares 0-1 Year Treasury Bo | 0.06% | 31,184 | $3.4M | Add +24.2% |
| DFIP Dimensional Inflation-Protec | 0.06% | 82,555 | $3.3M | Add +0.4% |
| VEA Vanguard Ftse Developed ETF | 0.05% | 68,361 | $3.3M | Add +10.5% |
| SNY Sanofi-ADR | 0.05% | 66,827 | $3.2M | Add +76.1% |
| SMFG Sumitomo Mitsui-Spons ADR | 0.05% | 222,120 | $3.2M | Add +15.0% |
| MRK Merck & Co. Inc. | 0.05% | 32,205 | $3.2M | Add +30.9% |
| V Visa Inc. Class A | 0.05% | 10,047 | $3.2M | Add +13.7% |
| MAR Marriott International Class A | 0.05% | 11,139 | $3.1M | Add +12.5% |
| VZ Verizon Communications Inc. | 0.05% | 74,476 | $3.0M | Add +51.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.05% | 14,920 | $3.0M | Add +4.3% |
| NFLX Netflix Inc. | 0.05% | 3,264 | $2.9M | Reduce -5.3% |
| KO The Coca-Cola Co. | 0.05% | 46,408 | $2.9M | Add +24.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 6,989 | $2.9M | Add +0.2% |
| MCD McDonald's Corp. | 0.05% | 9,894 | $2.9M | Add +3.7% |
| IWD iShares Russell 1000 Value E | 0.05% | 14,970 | $2.8M | Add +1.9% |
| QQQ Invesco QQQ Trust Series 1 | 0.05% | 5,335 | $2.7M | Add +19.4% |
| GS Goldman Sachs Group Inc. | 0.04% | 4,726 | $2.7M | Add +18.0% |
| WTM White Mountains Insurance GP | 0.04% | 1,374 | $2.7M | Add +14.7% |
| MS Morgan Stanley | 0.04% | 21,017 | $2.6M | Add +9.7% |
| MU Micron Technology Inc. | 0.04% | 30,539 | $2.6M | Add +108.6% |
| PFE Pfizer Inc. | 0.04% | 96,645 | $2.6M | Add +56.8% |
| SHEL Shell PLC-ADR | 0.04% | 40,916 | $2.6M | Add +28.3% |
| CAT Caterpillar Inc. | 0.04% | 7,048 | $2.6M | Add +14.6% |
| ET Energy Transfer LP | 0.04% | 126,394 | $2.5M | Add +2.3% |
| SONY Sony Group Corp. - SP ADR | 0.04% | 115,250 | $2.4M | Add +27.2% |
| CSCO Cisco Systems Inc. | 0.04% | 41,168 | $2.4M | Add +29.5% |
| ADVANCED MICRO DEVICES INC | 0.04% | 19,851 | $2.4M | New |
| NVS Novartis AG-Sponsored ADR | 0.04% | 24,553 | $2.4M | Add +3.1% |
| XLK SS Technology Select Sector | 0.04% | 10,142 | $2.4M | Add +4.1% |
| ORCL Oracle Corp. | 0.04% | 14,069 | $2.3M | Add +6.4% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $308K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PCT Purecycle Technologies Inc. | COM · principal | 30,000 | $308K | Reduce -90.0% |
Total filed on the 13F, all lines: $6.0B.
Portfolio Sells Q3 2024 → Q4 2024
| AMGN Amgen Inc. | Sold out | 0.00% | −1.88 |
| AAPL Apple Inc. | Sold out | 0.00% | −1.18 |
| DFGR Dim Global Real Estate ETF | Reduce -0.4% | 5.93% | −0.83 |
| AMZN Amazon.com Inc. | Sold out | 0.00% | −0.32 |
| OSBC Old Second Bancorp Inc. | Reduce -80.2% | 0.07% | −0.25 |
| MUB iShares National Muni Bond E | Reduce -35.7% | 0.30% | −0.18 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.11 |
| HYD Vaneck High Yield Muni ETF | Reduce -14.7% | 0.47% | −0.10 |
| AMD Advanced Micro Devices | Sold out | 0.00% | −0.07 |
| BAC Bank of America Corp. | Sold out | 0.00% | −0.06 |
| AVUS Avantis U.S. Equity ETF | Sold out | 0.00% | −0.06 |
| DFAX Dimensional World Ex US Core | Reduce -0.5% | 0.54% | −0.05 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.03 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.03 |
| ALL Allstate Corp. | Sold out | 0.00% | −0.03 |
| AXP American Express Co. | Sold out | 0.00% | −0.03 |
| BSVO EA Bridgeway Omni Sm-Cp Val | Reduce -8.6% | 0.24% | −0.03 |
| AVDE Avantis International Equity | Sold out | 0.00% | −0.03 |
| AVRE Avantis Real Estate ETF | Sold out | 0.00% | −0.03 |
| BNY Bank of New York Mellon Corp. | Sold out | 0.00% | −0.03 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.02 |
| ADP Automatic Data Processing | Sold out | 0.00% | −0.02 |
| ADI Analog Devices Inc. | Sold out | 0.00% | −0.02 |
| DFAR Dimensional US Real Est ETF | Reduce -1.6% | 0.16% | −0.02 |
| AVEM Avantis Emerging Markets Eq | Sold out | 0.00% | −0.02 |
| CHMI Cherry Hill Mortgage Investm | Sold out | 0.00% | −0.02 |
| NEM Newmont Corp. | Reduce -1.5% | 0.03% | −0.02 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.02 |
| BA The Boeing Co. | Sold out | 0.00% | −0.01 |
| CME Cme Group Inc. | Reduce -37.1% | 0.03% | −0.01 |
| AIG American International Group | Sold out | 0.00% | −0.01 |
| AZN Astrazeneca PLC-Spons ADR | Sold out | 0.00% | −0.01 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.01 |
| SMCI Super Micro Computer Inc. | Sold out | 0.00% | −0.01 |
| BP BP PLC-Spons ADR | Sold out | 0.00% | −0.01 |
| CART Maplebear Inc. | Sold out | 0.00% | −0.01 |
| BLDR Builders Firstsource Inc. | Reduce -31.2% | 0.01% | −0.01 |
| WRB WR Berkley Corp. | Sold out | 0.00% | −0.01 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.01 |
| APD Air Products & Chemicals Inc. | Sold out | 0.00% | −0.01 |
| BNS Bank of Nova Scotia | Sold out | 0.00% | −0.01 |
| MRO Marathon Oil Corp. | Sold out | 0.00% | −0.01 |
| BMO Bank of Montreal | Sold out | 0.00% | −0.01 |
| ABNB Airbnb Inc. Class A | Sold out | 0.00% | −0.01 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.01 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.01 |
| AME Ametek Inc. | Sold out | 0.00% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Sold out | 0.00% | −0.01 |
| GE General Electric | Reduce -4.5% | 0.03% | −0.01 |
| EXC Exelon Corp. | Sold out | 0.00% | −0.01 |
Portfolio Buys Q3 2024 → Q4 2024
| AMGEN INC | New | 1.52% | +1.52 |
| APPLE INC | New | 1.31% | +1.31 |
| AMAZON COM INC | New | 0.42% | +0.42 |
| MSFT Microsoft Corp. | Add +59.6% | 0.56% | +0.20 |
| VGSR Vert GLB Sust Re ETF | Add +5736.9% | 0.19% | +0.19 |
| NVDA Nvidia Corp. | Add +28.2% | 0.42% | +0.12 |
| DFIS Dimensional International SM | Add +46.1% | 0.48% | +0.12 |
| DFAT Dimensional US Target Value | Add +1.8% | 8.25% | +0.11 |
| ABBOTT LABS | New | 0.11% | +0.11 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +1141.1% | 0.11% | +0.10 |
| BANK AMERICA CORP | New | 0.08% | +0.08 |
| TSLA Tesla Inc. | Add +6.3% | 0.19% | +0.07 |
| DFUS Dimensional US Eq MKT ETF | Add +2.9% | 1.33% | +0.06 |
| BHP GROUP LTD | New | 0.06% | +0.06 |
| DFUV Dimensional US Marketwide Va | Add +8.6% | 0.90% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +3.5% | 0.33% | +0.05 |
| GOOGL Alphabet Inc. Class A | Add +6.4% | 0.25% | +0.04 |
| AVGO Broadcom Inc. | Add +9.6% | 0.13% | +0.04 |
| ADVANCED MICRO DEVICES INC | New | 0.04% | +0.04 |
| GOOG Alphabet Inc. Class C | Add +6.4% | 0.22% | +0.04 |
| AMERICAN CENTY ETF TR | New | 0.03% | +0.03 |
| ALLSTATE CORP | New | 0.03% | +0.03 |
| AMERICAN EXPRESS CO | New | 0.03% | +0.03 |
| BANK NEW YORK MELLON CORP | New | 0.03% | +0.03 |
| AMERICAN CENTY ETF TR | New | 0.03% | +0.03 |
| AMERICAN CENTY ETF TR | New | 0.03% | +0.03 |
| DFSD Dimensional Short Duration | New | 0.03% | +0.03 |
| ERIC Ericsson (lm) Tel-SP ADR | Add +264.1% | 0.04% | +0.03 |
| AMERICAN CENTY ETF TR | New | 0.03% | +0.03 |
| AIR PRODS & CHEMS INC | New | 0.03% | +0.03 |
| DFSV Dimensional US Small Cap Val | New | 0.03% | +0.03 |
| GHC Graham Holdings Co. Class B | New | 0.03% | +0.03 |
| AUTOMATIC DATA PROCESSING IN | New | 0.02% | +0.02 |
| DFAS Dimensional US Small Cap ETF | Add +15.4% | 0.16% | +0.02 |
| TM Toyota Motor Corp. -Spon ADR | Add +29.9% | 0.07% | +0.02 |
| APPLIED MATLS INC | New | 0.02% | +0.02 |
| AMERICAN CENTY ETF TR | New | 0.02% | +0.02 |
| DIS The Walt Disney Co. | Add +31.0% | 0.06% | +0.02 |
| CRM Salesforce Inc. | Add +24.5% | 0.06% | +0.02 |
| WFC Wells Fargo & Co. | Add +14.6% | 0.07% | +0.02 |
| ASTRAZENECA PLC | New | 0.02% | +0.02 |
| BOEING CO | New | 0.02% | +0.02 |
| ANALOG DEVICES INC | New | 0.02% | +0.02 |
| T AT&T Inc. | Add +39.2% | 0.06% | +0.02 |
| ELEVANCE HEALTH INC | New | 0.02% | +0.02 |
| MU Micron Technology Inc. | Add +108.6% | 0.04% | +0.02 |
| SNY Sanofi-ADR | Add +76.1% | 0.05% | +0.02 |
| ARISTA NETWORKS INC | New | 0.02% | +0.02 |
| AMERICAN CENTY ETF TR | New | 0.02% | +0.02 |
| SBUX Starbucks Corp. | Add +155.4% | 0.03% | +0.02 |
Notes & Other Activity Q3 2024 → Q4 2024
| BITO Proshares Bitcoin ETF-Usd | BITCOIN ETF · principal | Sold out | 35,000 | $672Kbefore exit |
| PCT Purecycle Technologies Inc. | COM · principal | Reduce -90.0% | 30,000 | $308K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 351 | $7.8B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q1 2026 | 330 | $7.1B | DFAC, TLH, DFAT, DFIC, DFEM |
| Q4 2025 | 1,011 | $7.7B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q3 2025 | 1,007 | $7.3B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q2 2025 | 951 | $6.6B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q1 2025 | 866 | $6.0B | DFAC, TLH, DFAT, DFIC, DFEM |
| Q4 2024Amended | 890 | $6.0B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q3 2024 | 765 | $6.0B | DFAC, TLH, DFAT, DFIC, DFEM |
| Q2 2024 | 715 | $5.5B | DFAC, TLH, DFAT, DFEM, DFIC |
| Q1 2024 | 740 | $5.9B | DFAC, TLH, DFAT, DFIC, DFEM |