Forum Financial Management, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 23, 2026), Forum Financial Management, LP reported 330 stock positions worth $7.1 billion. Its top holding was Dimensional US Core Equity 2 (DFAC) at 23.3% of the portfolio, followed by iShares 10-20 Year Treasury (TLH, 12.7%) and Dimensional US Target Value (DFAT, 9.1%). Compared with Q4 2025, it opened 15 new positions, sold out of 696, added to 69 and reduced 207. The biggest buy was Dimensional US Core Equity 2 (DFAC, shares +3%) and the biggest sale Dimensional International SM (DFIS, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- LOMBARD, IL
- CIK
- 0001911832
- Portfolio Value
- $7.1B (Q1 2026)
- SEC Filing
- 0001911832-26-000004 ↗ filed Apr 23, 2026
Holdings Value
Holdings 330 stocks · $7.1B
| DFAC Dimensional US Core Equity 2 | 23.27% | 42,328,643 | $1.6B | Add +3.1% |
| TLH iShares 10-20 Year Treasury | 12.73% | 8,935,374 | $900.0M | Add +5.1% |
| DFAT Dimensional US Target Value | 9.14% | 10,349,578 | $646.3M | Add +1.4% |
| DFIC Dimensional International Co. | 8.15% | 16,222,174 | $576.4M | Reduce -1.9% |
| DFEM Dimensional Emrg MRKT Core | 8.02% | 16,404,290 | $566.8M | Reduce -6.7% |
| DFGR Dim Global Real Estate ETF | 6.59% | 17,521,862 | $465.7M | Add +5.3% |
| DFGP Dimensional GLBL Core PL Fix | 5.00% | 6,540,363 | $353.1M | Add +4.5% |
| DUHP Dimensional US High Profi Et | 4.40% | 8,459,674 | $311.0M | Add +5.5% |
| DISV Dimensional International SM | 3.13% | 5,605,360 | $221.1M | Reduce -3.7% |
| DIHP Dimensional International Hi | 2.85% | 6,257,568 | $201.6M | Reduce -0.2% |
| AMGN Amgen Inc. | 1.73% | 347,970 | $122.4M | Reduce -0.8% |
| DFUS Dimensional US Eq MKT ETF | 1.18% | 1,171,335 | $83.1M | Reduce -2.1% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.93% | 1,319,857 | $65.8M | Add +1.4% |
| AAPL Apple Inc. | 0.92% | 257,073 | $65.2M | Reduce -21.1% |
| HYD Vaneck High Yield Muni ETF | 0.90% | 1,273,542 | $63.9M | Add +1.7% |
| DFUV Dimensional US Marketwide Va | 0.80% | 1,173,592 | $56.9M | Reduce -1.5% |
| VGLT Vanguard Long-Term Treasury | 0.70% | 896,211 | $49.6M | Add +20.6% |
| DFAX Dimensional World Ex US Core | 0.51% | 1,055,497 | $35.9M | Reduce -3.4% |
| GOOG Alphabet Inc. Class C | 0.45% | 109,926 | $31.5M | Reduce -26.6% |
| GOOGL Alphabet Inc. Class A | 0.39% | 95,436 | $27.4M | Reduce -32.3% |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 139,136 | $20.4M | Reduce -9.5% |
| DFIV Dimensional International Va | 0.28% | 376,732 | $19.9M | Reduce -1.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.26% | 57,617 | $18.5M | Reduce -0.8% |
| DFSU Dimensional US Sus CORE1 ETF | 0.26% | 449,583 | $18.5M | Add +2.3% |
| MSFT Microsoft Corp. | 0.25% | 47,850 | $17.7M | Reduce -48.5% |
| BSVO EA Bridgeway Omni Sm-Cp Val | 0.23% | 645,859 | $16.4M | Reduce -1.6% |
| DFSE Dimensional Em Sus CORE1 ETF | 0.22% | 374,559 | $15.9M | Reduce -5.2% |
| VGSR Vert GLB Sust Re ETF filed as MANAGER DIRECTED PORTFOLIOS | 0.19% | 1,324,959 | $13.7M | Add +1.1% |
| OKE Oneok Inc. | 0.19% | 146,703 | $13.3M | Reduce -5.1% |
| META Meta Platforms Inc. Class A | 0.18% | 22,629 | $12.9M | Reduce -41.5% |
| JPM JPMorgan Chase & Co. | 0.17% | 41,016 | $12.1M | Reduce -51.7% |
| ABBV Abbvie Inc. | 0.17% | 53,784 | $11.7M | Reduce -25.9% |
| AMZN Amazon.com Inc. | 0.16% | 54,121 | $11.3M | Reduce -57.7% |
| DFSI Dimensional Int Sus COR1 ETF | 0.16% | 263,782 | $11.2M | Reduce -7.7% |
| DFAS Dimensional US Small Cap ETF | 0.15% | 145,885 | $10.4M | Reduce -1.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.14% | 15,743 | $10.2M | Reduce -5.2% |
| NVDA Nvidia Corp. | 0.14% | 54,832 | $9.6M | Reduce -66.3% |
| DFAR Dimensional US Real Est ETF | 0.13% | 401,108 | $9.5M | Add +0.1% |
| ET Energy Transfer LP | 0.11% | 401,906 | $7.8M | Reduce -6.7% |
| VOO Vanguard S&P 500 ETF | 0.10% | 12,367 | $7.4M | Add +0.9% |
| OUNZ Vaneck Merk Gold ETF | 0.10% | 160,123 | $7.2M | No change |
| DE Deere & Co. | 0.10% | 12,111 | $6.8M | Reduce -19.2% |
| DFIP Dimensional Inflation-Protec | 0.10% | 163,359 | $6.8M | Reduce -0.4% |
| IWF iShares Russell 1000 Growth | 0.08% | 13,663 | $5.8M | Reduce -2.0% |
| IVV iShares Core S&P 500 ETF | 0.08% | 8,546 | $5.6M | Reduce -8.8% |
| DFCF Dimensional Core Fixed Inc. | 0.07% | 125,416 | $5.3M | Reduce -14.7% |
| WMT Walmart Inc. | 0.07% | 41,531 | $5.2M | Reduce -43.9% |
| DFSV Dimensional US Small Cap Val | 0.07% | 143,601 | $5.0M | Add +2.2% |
| XOM Exxon Mobil Corp. | 0.07% | 28,491 | $4.8M | Reduce -70.1% |
| ABT Abbott Laboratories | 0.07% | 46,820 | $4.8M | Reduce -27.1% |
| TBIL F/M US Treasury 3 Month Bill | 0.07% | 95,990 | $4.8M | Add +0.0% |
| LLY Eli Lilly & Co. | 0.07% | 5,123 | $4.7M | Reduce -40.9% |
| BSM Black Stone Minerals LP | 0.06% | 300,000 | $4.5M | No change |
| SHV iShares 0-1 Year Treasury Bo | 0.06% | 41,066 | $4.5M | Add +22.4% |
| MAR Marriott International Class A | 0.06% | 12,747 | $4.2M | Reduce -12.9% |
| OSBC Old Second Bancorp Inc. | 0.06% | 205,661 | $4.1M | Reduce -1.5% |
| HD Home Depot Inc. | 0.06% | 12,456 | $4.1M | Reduce -26.0% |
| CBOE Cboe Global Markets Inc. | 0.06% | 14,512 | $4.1M | Reduce -12.9% |
| VEA Vanguard Ftse Developed ETF | 0.06% | 63,064 | $4.0M | Add +0.8% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.05% | 8,383 | $3.7M | Add +12.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.05% | 6,298 | $3.6M | Add +4.7% |
| MPLX MPLX LP | 0.05% | 62,284 | $3.6M | Add +0.8% |
| COST Costco Wholesale Corp. | 0.05% | 3,497 | $3.5M | Reduce -38.3% |
| AVGO Broadcom Inc. | 0.05% | 11,238 | $3.5M | Reduce -68.5% |
| CAT Caterpillar Inc. | 0.05% | 4,868 | $3.4M | Reduce -38.5% |
| AVUS Avantis U.S. Equity ETF | 0.05% | 30,745 | $3.4M | Reduce -4.6% |
| CNP Centerpoint Energy Inc. | 0.04% | 70,000 | $3.0M | Reduce -0.0% |
| CVX Chevron Corp. | 0.04% | 14,451 | $3.0M | Reduce -58.0% |
| XLK SS Technology Select Sector | 0.04% | 21,839 | $2.9M | Add +25.5% |
| MCD McDonald's Corp. | 0.04% | 9,339 | $2.9M | Reduce -23.0% |
| JNJ Johnson & Johnson | 0.04% | 11,857 | $2.9M | Reduce -66.5% |
| MUB iShares National Muni Bond E | 0.04% | 25,452 | $2.7M | Reduce -8.1% |
| AVDV Avantis Intl S/C Value ETF | 0.04% | 26,779 | $2.7M | Reduce -2.7% |
| SYY Sysco Corp. | 0.04% | 36,858 | $2.6M | Reduce -8.5% |
| IVW iShares S&P 500 Growth ETF | 0.04% | 22,694 | $2.6M | Add +0.7% |
| LMT Lockheed Martin Corp. | 0.04% | 4,095 | $2.5M | Reduce -12.0% |
| APO Apollo Global Management Inc. | 0.03% | 21,903 | $2.4M | Add +276.5% |
| IWB iShares Russell 1000 ETF | 0.03% | 6,785 | $2.4M | No change |
| IWD iShares Russell 1000 Value E | 0.03% | 11,118 | $2.4M | Reduce -1.6% |
| ALL Allstate Corp. | 0.03% | 11,361 | $2.4M | Reduce -30.4% |
| TSLA Tesla Inc. | 0.03% | 6,085 | $2.3M | Reduce -70.9% |
| MS Morgan Stanley | 0.03% | 12,963 | $2.1M | Reduce -57.5% |
| AVLV Avantis US Large Cap Value | 0.03% | 25,623 | $2.1M | Reduce -0.0% |
| PG The Procter & Gamble Co. | 0.03% | 13,315 | $1.9M | Reduce -58.9% |
| DFAU Dimensional US Core Equity M | 0.03% | 41,381 | $1.9M | Add +0.0% |
| GHC Graham Holdings Co. Class B | 0.03% | 1,740 | $1.8M | No change |
| IVE iShares S&P 500 Value ETF | 0.03% | 8,610 | $1.8M | Reduce -2.5% |
| GE General Electric filed as GE AEROSPACE | 0.03% | 6,294 | $1.8M | Reduce -43.5% |
| KO The Coca-Cola Co. | 0.02% | 21,532 | $1.6M | Reduce -51.0% |
| IAU iShares Gold Trust | 0.02% | 18,535 | $1.6M | Reduce -14.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.02% | 5,417 | $1.6M | Reduce -5.5% |
| EPD Enterprise Products Partners | 0.02% | 42,236 | $1.6M | Add +19.6% |
| T AT&T Inc. | 0.02% | 53,601 | $1.6M | Reduce -65.8% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.02% | 7,796 | $1.5M | Add +13.0% |
| GEV GE Vernova Inc. | 0.02% | 1,715 | $1.5M | Reduce -45.9% |
| AVUV Avantis US Small Cap Value | 0.02% | 13,511 | $1.5M | Reduce -0.1% |
| DFIS Dimensional International SM | 0.02% | 43,878 | $1.5M | Reduce -96.2% |
| VXUS Vanguard Total Intl Stock | 0.02% | 19,112 | $1.5M | Reduce -11.1% |
| AVRE Avantis Real Estate ETF | 0.02% | 32,899 | $1.4M | Add +5.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.02% | 2 | $1.4M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $5K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | 20,000 | $5K | New |
Total filed on the 13F, all lines: $7.1B.
Portfolio Sells Q4 2025 → Q1 2026
| DFIS Dimensional International SM | Reduce -96.2% | 0.02% | −0.47 |
| MSFT Microsoft Corp. | Reduce -48.5% | 0.25% | −0.33 |
| NVDA Nvidia Corp. | Reduce -66.3% | 0.14% | −0.26 |
| AAPL Apple Inc. | Reduce -21.1% | 0.92% | −0.23 |
| AMZN Amazon.com Inc. | Reduce -57.7% | 0.16% | −0.22 |
| GOOGL Alphabet Inc. Class A | Reduce -32.3% | 0.39% | −0.19 |
| JPM JPMorgan Chase & Co. | Reduce -51.7% | 0.17% | −0.19 |
| GOOG Alphabet Inc. Class C | Reduce -26.6% | 0.45% | −0.17 |
| META Meta Platforms Inc. Class A | Reduce -41.5% | 0.18% | −0.15 |
| AVGO Broadcom Inc. | Reduce -68.5% | 0.05% | −0.11 |
| TSLA Tesla Inc. | Reduce -70.9% | 0.03% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -70.1% | 0.07% | −0.08 |
| BAC Bank of America Corp. | Reduce -88.4% | 0.01% | −0.08 |
| PLTR Palantir Technologies Inc. Class A | Reduce -9.5% | 0.29% | −0.07 |
| TTE Totalenergies SE | Sold out | 0.00% | −0.07 |
| MUFG Mitsubishi Ufj Finl-Spon ADR | Sold out | 0.00% | −0.07 |
| BHP BHP Group Ltd.-Spon ADR | Sold out | 0.00% | −0.06 |
| SAP Sap SE-Sponsored ADR | Sold out | 0.00% | −0.06 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.06 |
| WFC Wells Fargo & Co. | Reduce -74.7% | 0.02% | −0.06 |
| GS Goldman Sachs Group Inc. | Sold out | 0.00% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -40.9% | 0.07% | −0.05 |
| WTM White Mountains Insurance GP | Sold out | 0.00% | −0.05 |
| JNJ Johnson & Johnson | Reduce -66.5% | 0.04% | −0.05 |
| SMFG Sumitomo Mitsui-Spons ADR | Sold out | 0.00% | −0.05 |
| ABBV Abbvie Inc. | Reduce -25.9% | 0.17% | −0.05 |
| MU Micron Technology Inc. | Reduce -81.8% | 0.02% | −0.05 |
| DB Deutsche Bank AG-Registered | Sold out | 0.00% | −0.05 |
| AMD Advanced Micro Devices | Reduce -81.1% | 0.01% | −0.05 |
| NVS Novartis AG-Sponsored ADR | Sold out | 0.00% | −0.05 |
| HSBC HSBC Holdings PLC-Spons ADR | Sold out | 0.00% | −0.05 |
| SNY Sanofi-ADR | Sold out | 0.00% | −0.04 |
| C Citigroup Inc. | Reduce -86.1% | 0.01% | −0.04 |
| ERIC Ericsson (lm) Tel-SP ADR | Sold out | 0.00% | −0.04 |
| MS Morgan Stanley | Reduce -57.5% | 0.03% | −0.04 |
| SONY Sony Group Corp. - SP ADR | Sold out | 0.00% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.04 |
| SAN Banco Santander SA-Spon ADR | Sold out | 0.00% | −0.04 |
| V Visa Inc. Class A | Reduce -70.6% | 0.01% | −0.04 |
| DIS The Walt Disney Co. | Reduce -72.9% | 0.01% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -76.9% | 0.01% | −0.04 |
| ABT Abbott Laboratories | Reduce -27.1% | 0.07% | −0.04 |
| MFG Mizuho Financial Group-ADR | Sold out | 0.00% | −0.04 |
| COF Capital One Financial Corp. | Reduce -60.8% | 0.02% | −0.04 |
| WMT Walmart Inc. | Reduce -43.9% | 0.07% | −0.03 |
| UBS UBS Group AG-Reg | Sold out | 0.00% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -58.9% | 0.03% | −0.03 |
| APP AppLovin Corp. Class A | Sold out | 0.00% | −0.03 |
| SHEL Shell PLC-ADR | Sold out | 0.00% | −0.03 |
| INTC Intel Corp. | Reduce -76.0% | 0.01% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| DFAC Dimensional US Core Equity 2 | Add +3.1% | 23.27% | +2.12 |
| TLH iShares 10-20 Year Treasury | Add +5.1% | 12.73% | +1.49 |
| DFAT Dimensional US Target Value | Add +1.4% | 9.14% | +1.24 |
| DFGR Dim Global Real Estate ETF | Add +5.3% | 6.59% | +0.87 |
| DFGP Dimensional GLBL Core PL Fix | Add +4.5% | 5.00% | +0.59 |
| DUHP Dimensional US High Profi Et | Add +5.5% | 4.40% | +0.43 |
| VGLT Vanguard Long-Term Treasury | Add +20.6% | 0.70% | +0.16 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +1.4% | 0.93% | +0.08 |
| HYD Vaneck High Yield Muni ETF | Add +1.7% | 0.90% | +0.07 |
| APO Apollo Global Management Inc. | Add +276.5% | 0.03% | +0.02 |
| VGSR Vert GLB Sust Re ETF | Add +1.1% | 0.19% | +0.02 |
| SHV iShares 0-1 Year Treasury Bo | Add +22.4% | 0.06% | +0.02 |
| DFAR Dimensional US Real Est ETF | Add +0.1% | 0.13% | +0.01 |
| DFSU Dimensional US Sus CORE1 ETF | Add +2.3% | 0.26% | +0.01 |
| DFSV Dimensional US Small Cap Val | Add +2.2% | 0.07% | +0.01 |
| XLK SS Technology Select Sector | Add +25.5% | 0.04% | +0.01 |
| EPD Enterprise Products Partners | Add +19.6% | 0.02% | +0.01 |
| MPLX MPLX LP | Add +0.8% | 0.05% | +0.01 |
| XLI SS Industrial Select Sector | New | 0.01% | +0.01 |
| VEA Vanguard Ftse Developed ETF | Add +0.8% | 0.06% | +0.01 |
| XLF SS Financial Select Sector | New | 0.01% | +0.01 |
| PULS Pgim Ultra Short Bond ETF | New | 0.01% | +0.01 |
| TBIL F/M US Treasury 3 Month Bill | Add +0.0% | 0.07% | +0.01 |
| XLV SS Health Care Select Sector | Add +76.1% | 0.01% | +0.01 |
| BITO Proshares Bitcoin ETF-Usd | New | 0.01% | +0.01 |
| TRIN Trinity Capital Inc. | Add +150.0% | 0.01% | +0.01 |
| RBRK Rubrik Inc. Class A | New | 0.00% | +0.00 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 0.10% | +0.00 |
| PRSU Pursuit Attractions and Hosp | New | 0.00% | +0.00 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +12.5% | 0.05% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +13.0% | 0.02% | +0.00 |
| CEF Sprott Physical Gold and Sil | Add +48.5% | 0.01% | +0.00 |
| AEP American Electric Power | New | 0.00% | +0.00 |
| ARM Arm Holdings PLC-ADR | New | 0.00% | +0.00 |
| EEM iShares MSCI Emerging Market | New | 0.00% | +0.00 |
| ENB Enbridge Inc. | New | 0.00% | +0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.7% | 0.05% | +0.00 |
| DFAW Dimensional World Eqty ETF | New | 0.00% | +0.00 |
| SCHD Schwab US DVD Equity ETF | Add +7.8% | 0.01% | +0.00 |
| SO The Southern Co. | Add +29.8% | 0.01% | +0.00 |
| DUK Duke Energy Corp. | Add +27.2% | 0.01% | +0.00 |
| VNOM Viper Energy Inc. Class A | New | 0.00% | +0.00 |
| VDE Vanguard Energy ETF | New | 0.00% | +0.00 |
| AVRE Avantis Real Estate ETF | Add +5.2% | 0.02% | +0.00 |
| SCHX Schwab US Large-Cap ETF | Add +40.3% | 0.01% | +0.00 |
| VGT Vanguard Info Tech ETF | Add +22.3% | 0.02% | +0.00 |
| AVEM Avantis Emerging Markets Eq | Add +1.9% | 0.02% | +0.00 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +37.5% | 0.01% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +12.1% | 0.01% | +0.00 |
| VTIP Vanguard Short-Term Tips | Add +0.2% | 0.02% | +0.00 |
Notes & Other Activity Q4 2025 → Q1 2026
| PCT Purecycle Technologies Inc. | COM · principal | Sold out | 125,000 | $1.1Mbefore exit |
| RMCOW American Acq Class A -CW26 | *W EXP 10/31/202 | New | 20,000 | $5K |
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 |