Professional Financial Management, Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 12, 2026), Professional Financial Management, Inc. reported 23 stock positions worth $96.1 million. Its top holding was Vanguard Long-Term Treasury (VGLT) at 14.1% of the portfolio, followed by Vaneck Junior Gold Miners (GDXJ, 10.7%) and Cambria Emerg Shrhldr Yield (EYLD, 9.1%). Compared with Q4 2025, it opened 5 new positions, sold out of 3, added to 13 and reduced 5. The biggest buy was Vanguard Long-Term Treasury (VGLT, shares +40%) and the biggest sale iShares MSCI Emr MRK Ex Chna (EMXC, shares −49%).
- Most Recent 13F
- Q2 2026
- Location
- APPLETON, WI
- CIK
- 0002130270
- Portfolio Value
- $96.1M (Q1 2026)
- SEC Filing
- 0002130270-26-000002 ↗ filed May 12, 2026
Holdings Value
Holdings 23 stocks · $96.1M
| VGLT Vanguard Long-Term Treasury | 14.05% | 243,810 | $13.5M | Add +39.6% |
| GDXJ Vaneck Junior Gold Miners | 10.67% | 85,396 | $10.3M | Reduce -0.9% |
| EYLD Cambria Emerg Shrhldr Yield | 9.06% | 210,270 | $8.7M | Reduce -9.4% |
| TAIL Cambria Tail Risk ETF | 9.01% | 738,723 | $8.7M | Add +17.4% |
| EDV Vanguard Extended Dur Treas | 7.67% | 113,492 | $7.4M | Add +7.8% |
| MTBA Simplify MBS ETF | 6.64% | 129,045 | $6.4M | Add +6.4% |
| TLH iShares 10-20 Year Treasury | 5.20% | 49,593 | $5.0M | Add +6.5% |
| TUA Sim St Treas Fut Strat ETF filed as SIMPLIFY EXCHANGE TRADED FUN | 4.35% | 198,092 | $4.2M | Add +7.7% |
| PXH Inves Rafi Emer MRKT-Usd Inc. | 4.13% | 147,307 | $4.0M | Add +33.9% |
| SCHQ Schwab Long-Term US Treasury | 3.34% | 102,093 | $3.2M | Add +6.3% |
| IVOL Quadratic Int Rte Vol Infl H | 3.28% | 168,644 | $3.2M | Add +7.8% |
| TBUX T Rowe Price Ultra Short-Ter | 3.06% | 58,987 | $2.9M | Add +44.5% |
| SGOV iShares 0-3 Month Treasury B | 2.85% | 27,180 | $2.7M | Reduce -3.7% |
| NBH Neuberger Municipal Fund Inc. | 2.63% | 249,195 | $2.5M | Add +8.3% |
| EMXC iShares MSCI Emr MRK Ex Chna | 2.49% | 30,397 | $2.4M | Reduce -49.1% |
| RFMZ Rivernorth Flex Muni II | 2.42% | 183,933 | $2.3M | New |
| XPCQX PIMCO California Muni Inc. FD | 1.84% | 206,231 | $1.8M | Add +3.4% |
| MHD BlackRock Muniholdings Fund | 1.67% | 142,325 | $1.6M | New |
| MYI BlackRock Muniyield QLTY III | 1.63% | 148,721 | $1.6M | New |
| LEO BNY Mellon Strategic Muni | 1.44% | 219,485 | $1.4M | Reduce -38.5% |
| PNI PIMCO NY Muni Inc. II FND | 1.35% | 188,852 | $1.3M | Add +3.4% |
| RFM Rivernorth Flexible Muni | 0.95% | 64,986 | $912K | New |
| SCHR Schwab Intermediate-Term US | 0.27% | 10,220 | $255K | New |
Portfolio Sells Q4 2025 → Q1 2026
| EMXC iShares MSCI Emr MRK Ex Chna | Reduce -49.1% | 2.49% | −2.44 |
| RMI Rivernorth Opport Muni Inc. | Sold out | 0.00% | −2.04 |
| XMVTX BlackRock Munivest Fund II | Sold out | 0.00% | −1.89 |
| BLE BlackRock Muni Inc. TR II | Sold out | 0.00% | −1.86 |
| LEO BNY Mellon Strategic Muni | Reduce -38.5% | 1.44% | −1.14 |
| EYLD Cambria Emerg Shrhldr Yield | Reduce -9.4% | 9.06% | −1.02 |
| GDXJ Vaneck Junior Gold Miners | Reduce -0.9% | 10.67% | −0.45 |
| SGOV iShares 0-3 Month Treasury B | Reduce -3.7% | 2.85% | −0.36 |
Portfolio Buys Q4 2025 → Q1 2026
| VGLT Vanguard Long-Term Treasury | Add +39.6% | 14.05% | +3.00 |
| RFMZ Rivernorth Flex Muni II | New | 2.42% | +2.42 |
| MHD BlackRock Muniholdings Fund | New | 1.67% | +1.67 |
| MYI BlackRock Muniyield QLTY III | New | 1.63% | +1.63 |
| RFM Rivernorth Flexible Muni | New | 0.95% | +0.95 |
| PXH Inves Rafi Emer MRKT-Usd Inc. | Add +33.9% | 4.13% | +0.91 |
| TAIL Cambria Tail Risk ETF | Add +17.4% | 9.01% | +0.81 |
| TBUX T Rowe Price Ultra Short-Ter | Add +44.5% | 3.06% | +0.75 |
| SCHR Schwab Intermediate-Term US | New | 0.27% | +0.27 |
| NBH Neuberger Municipal Fund Inc. | Add +8.3% | 2.63% | −0.01 |
| PNI PIMCO NY Muni Inc. II FND | Add +3.4% | 1.35% | −0.08 |
| EDV Vanguard Extended Dur Treas | Add +7.8% | 7.67% | −0.09 |
| SCHQ Schwab Long-Term US Treasury | Add +6.3% | 3.34% | −0.11 |
| IVOL Quadratic Int Rte Vol Infl H | Add +7.8% | 3.28% | −0.12 |
| XPCQX PIMCO California Muni Inc. FD | Add +3.4% | 1.84% | −0.13 |
| TLH iShares 10-20 Year Treasury | Add +6.5% | 5.20% | −0.17 |
| TUA Sim St Treas Fut Strat ETF | Add +7.7% | 4.35% | −0.22 |
| MTBA Simplify MBS ETF | Add +6.4% | 6.64% | −0.29 |