# FINANCIAL MANAGEMENT NETWORK INC

> Institutional holdings reported to the SEC as of Q3 2026 on Form 13F. CIK 1844831. Source: https://holderbook.com/funds/1844831-financial-management-network-inc/

- Reported value: $694.6M
- Positions: 209
- Weight of the ten largest: 42.3%
- Filed: 2026-10-09

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $70.4M | 91,104 | 10.1% | 24 |
| AMERICAN CENTY ETF TR | [AVUV](https://holderbook.com/stocks/AVUV/) | $33.4M | 278,154 | 4.8% | 14 |
| AMERICAN CENTY ETF TR | [AVLV](https://holderbook.com/stocks/AVLV/) | $32.6M | 355,983 | 4.7% | 10 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $28.9M | 393,203 | 4.2% | 24 |
| AMERICAN CENTY ETF TR | [AVDV](https://holderbook.com/stocks/AVDV/) | $27.0M | 247,281 | 3.9% | 14 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $25.1M | 181,368 | 3.6% | 24 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $20.9M | 62,653 | 3.0% | 24 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $18.7M | 239,880 | 2.7% | 12 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $18.6M | 367,595 | 2.7% | 11 |
| VANECK ETF TRUST | [CLOI](https://holderbook.com/stocks/CLOI/) | $18.1M | 343,059 | 2.6% | 12 |
| CAPITAL GROUP INTL FOCUS EQT | [CGXU](https://holderbook.com/stocks/CGXU/) | $16.7M | 481,889 | 2.4% | 17 |
| AMERICAN CENTY ETF TR | [AVMV](https://holderbook.com/stocks/AVMV/) | $16.5M | 213,260 | 2.4% | 10 |
| AMERICAN CENTY ETF TR | [AVIV](https://holderbook.com/stocks/AVIV/) | $12.4M | 155,409 | 1.8% | 9 |
| THORNBURG ETF TR | [TXUE](https://holderbook.com/stocks/TXUE/) | $12.2M | 351,360 | 1.8% | 7 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $11.8M | 50,515 | 1.7% | 24 |
| FIDELITY COVINGTON TRUST | [FFLG](https://holderbook.com/stocks/FFLG/) | $11.2M | 323,925 | 1.6% | 20 |
| VANECK ETF TRUST | [MOAT](https://holderbook.com/stocks/MOAT/) | $10.8M | 101,572 | 1.6% | 24 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.0M | 19,371 | 1.4% | 24 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $9.7M | 184,780 | 1.4% | 3 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $9.4M | 65,212 | 1.4% | 24 |
| PACER FDS TR | [GCOW](https://holderbook.com/stocks/GCOW/) | $9.0M | 202,260 | 1.3% | 17 |
| CAPITAL GROUP CONSERVATIVE E | [CGCV](https://holderbook.com/stocks/CGCV/) | $8.8M | 273,681 | 1.3% | 9 |
| CAPITAL GROUP GROWTH ETF | [CGGR](https://holderbook.com/stocks/CGGR/) | $8.8M | 183,617 | 1.3% | 16 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $8.0M | 25,788 | 1.2% | 24 |
| FIDELITY MERRIMACK STR TR | [FBND](https://holderbook.com/stocks/FBND/) | $7.6M | 176,232 | 1.1% | 8 |
| CAPITAL GROUP GBL GROWTH EQT | [CGGO](https://holderbook.com/stocks/CGGO/) | $7.6M | 190,193 | 1.1% | 18 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $7.5M | 29,626 | 1.1% | 24 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.0M | 20,435 | 1.0% | 24 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $6.3M | 16,932 | 0.9% | 24 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $6.1M | 16,818 | 0.9% | 24 |
| ARES CAPITAL CORP | [ARCC](https://holderbook.com/stocks/ARCC/) | $6.0M | 316,158 | 0.9% | 7 |
| VANECK ETF TRUST | [SMOT](https://holderbook.com/stocks/SMOT/) | $5.7M | 152,571 | 0.8% | 15 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.7M | 16,626 | 0.8% | 24 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $5.5M | 253,706 | 0.8% | 10 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $4.9M | 62,447 | 0.7% | 22 |
| ISHARES U S ETF TR | [NEAR](https://holderbook.com/stocks/NEAR/) | $4.8M | 96,654 | 0.7% | 17 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $4.3M | 39,468 | 0.6% | 16 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $4.1M | 11,662 | 0.6% | 12 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.0M | 17,081 | 0.6% | 24 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $3.8M | 5,111 | 0.6% | 24 |
| EA SERIES TRUST | [STXK](https://holderbook.com/stocks/STXK/) | $3.8M | 104,671 | 0.5% | 16 |
| EA SERIES TRUST | [STXF](https://holderbook.com/stocks/STXF/) | $3.7M | 75,243 | 0.5% | 16 |
| COHEN & STEERS ETF TRUST | [CSNR](https://holderbook.com/stocks/CSNR/) | $3.5M | 95,925 | 0.5% | 4 |
| HARBOR ETF TRUST | [WINN](https://holderbook.com/stocks/WINN/) | $3.4M | 99,229 | 0.5% | 14 |
| J P MORGAN EXCHANGE TRADED F | [JEPI](https://holderbook.com/stocks/JEPI/) | $3.4M | 61,202 | 0.5% | 17 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $3.1M | 38,330 | 0.4% | 9 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $3.1M | 39,905 | 0.4% | 3 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $3.0M | 4 | 0.4% | 24 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $3.0M | 8,987 | 0.4% | 24 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.9M | 3,415 | 0.4% | 24 |
| PACER FDS TR | [PTNQ](https://holderbook.com/stocks/PTNQ/) | $2.9M | 31,783 | 0.4% | 12 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $2.8M | 13,843 | 0.4% | 23 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $2.7M | 6,998 | 0.4% | 24 |
| VANGUARD CALIF TAX FREE FDS | [VTEC](https://holderbook.com/stocks/VTEC/) | $2.6M | 27,756 | 0.4% | 10 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $2.3M | 14,679 | 0.3% | 2 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $2.3M | 11,070 | 0.3% | 24 |
| GOLDMAN SACHS ETF TR | [GPIX](https://holderbook.com/stocks/GPIX/) | $2.3M | 40,678 | 0.3% | 10 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $2.3M | 5,621 | 0.3% | 24 |
| VANECK ETF TRUST | [BIZD](https://holderbook.com/stocks/BIZD/) | $2.3M | 183,787 | 0.3% | 21 |
| BLACKROCK ETF TRUST II | [CALI](https://holderbook.com/stocks/CALI/) | $2.0M | 40,042 | 0.3% | 9 |
| PACER FDS TR | [COWZ](https://holderbook.com/stocks/COWZ/) | $2.0M | 29,519 | 0.3% | 18 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.8M | 4,884 | 0.3% | 24 |
| VANECK ETF TRUST | [GPZ](https://holderbook.com/stocks/GPZ/) | $1.8M | 86,202 | 0.3% | 5 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.8M | 14,062 | 0.3% | 24 |
| ISHARES TR | [IGF](https://holderbook.com/stocks/IGF/) | $1.8M | 28,840 | 0.3% | 5 |
| GOLDMAN SACHS ETF TR | [GCAL](https://holderbook.com/stocks/GCAL/) | $1.7M | 35,703 | 0.2% | 8 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $1.7M | 2,319 | 0.2% | 15 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.6M | 1,418 | 0.2% | 15 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.6M | 17,605 | 0.2% | 24 |
| TIDAL TRUST III | [RMOP](https://holderbook.com/stocks/RMOP/) | $1.5M | 64,868 | 0.2% | 2 |
| VANGUARD MUN BD FDS | [VTEI](https://holderbook.com/stocks/VTEI/) | $1.5M | 15,931 | 0.2% | 9 |
| AMERICAN CENTY ETF TR | [AVDE](https://holderbook.com/stocks/AVDE/) | $1.5M | 16,265 | 0.2% | 3 |
| EA SERIES TRUST | [STXE](https://holderbook.com/stocks/STXE/) | $1.5M | 28,661 | 0.2% | 15 |
| CAPITAL GRP FIXED INCM ETF T | [CGSD](https://holderbook.com/stocks/CGSD/) | $1.4M | 57,146 | 0.2% | 13 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $1.4M | 2,008 | 0.2% | 24 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $1.4M | 15,254 | 0.2% | 24 |
| COHEN & STEERS ETF TRUST | [CSPF](https://holderbook.com/stocks/CSPF/) | $1.4M | 54,826 | 0.2% | 3 |
| FIDELITY GREENWOOD STREET TR | [FYEE](https://holderbook.com/stocks/FYEE/) | $1.3M | 43,094 | 0.2% | 2 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $1.3M | 23,291 | 0.2% | 16 |
| COHEN & STEERS ETF TRUST | [CSSD](https://holderbook.com/stocks/CSSD/) | $1.3M | 51,404 | 0.2% | 3 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $1.2M | 11,779 | 0.2% | 6 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $1.2M | 3,970 | 0.2% | 24 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $1.2M | 13,054 | 0.2% | 20 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $1.2M | 2,593 | 0.2% | 24 |
| EA SERIES TRUST | [DRLL](https://holderbook.com/stocks/DRLL/) | $1.2M | 28,227 | 0.2% | 16 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $1.2M | 6,558 | 0.2% | 18 |
| SPDR SERIES TRUST | [SDY](https://holderbook.com/stocks/SDY/) | $1.1M | 7,756 | 0.2% | 24 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.1M | 2,065 | 0.2% | 24 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.1M | 1,707 | 0.2% | 5 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $1.1M | 980 | 0.2% | 10 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $1.0M | 3,625 | 0.1% | 24 |
| ISHARES TR | [IJT](https://holderbook.com/stocks/IJT/) | $1.0M | 6,150 | 0.1% | 24 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $995.2K | 6,068 | 0.1% | 1 |
| THORNBURG INCM BUILDER OPP T | [TBLD](https://holderbook.com/stocks/TBLD/) | $982.4K | 48,612 | 0.1% | 19 |
| COHEN & STEERS ETF TRUST | [CSIO](https://holderbook.com/stocks/CSIO/) | $965.0K | 35,609 | 0.1% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $956.2K | 1,242 | 0.1% | 24 |
| VANGUARD WORLD FD | [MGK](https://holderbook.com/stocks/MGK/) | $939.9K | 10,033 | 0.1% | 11 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $932.8K | 14,507 | 0.1% | 24 |
| HARBOR ETF TRUST | [HGER](https://holderbook.com/stocks/HGER/) | $862.2K | 24,432 | 0.1% | 4 |
| NEOS ETF TRUST | [QQQI](https://holderbook.com/stocks/QQQI/) | $855.9K | 15,263 | 0.1% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.6% | +14.8% | -5.3% | 97% |
| Q1 2026 | -1.9% | -4.6% | +2.7% | 100% |
| Q4 2025 | +2.4% | +2.4% | -0.0% | 99% |
| Q3 2025 | +6.8% | +7.8% | -1.1% | 98% |
| Q2 2025 | +6.7% | +10.5% | -3.7% | 110% |
| Q1 2025 | -3.7% | -4.6% | +0.8% | 99% |
| Q4 2024 | -0.3% | +2.1% | -2.4% | 100% |
| Q3 2024 | +6.0% | +5.4% | +0.6% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2026 | $694.6M | 209 |
| Q2 2026 | $696.8M | 211 |
| Q1 2026 | $653.0M | 191 |
| Q4 2025 | $632.0M | 186 |
| Q3 2025 | $606.4M | 186 |
| Q2 2025 | $558.1M | 176 |
| Q1 2025 | $444.4M | 153 |
| Q4 2024 | $481.1M | 160 |
| Q3 2024 | $478.1M | 172 |
| Q2 2024 | $416.7M | 149 |
| Q1 2024 | $396.8M | 154 |
| Q4 2023 | $342.6M | 136 |