13F HOLDINGS REPORT
FINANCIAL MANAGEMENT NETWORK INC
Quarter ended Q3 2025 · Filed October 29, 2025 · Accession 0001754960-25-000719
Total Value
$606.4M
Positions
186
Other Managers
0
Confidential Omitted
No
Holdings (186)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 92,282 | $62.3M | 10.27% |
| 2 | VANECK ETF TRUST | 92189F643 | 485,935 | $49.1M | 8.09% |
| 3 | ISHARES TR | 464287507 | 395,707 | $26.1M | 4.30% |
| 4 | AMERICAN CENTY ETF TR | 025072877 | 244,757 | $24.6M | 4.06% |
| 5 | ISHARES TR | 464287804 | 189,929 | $22.7M | 3.75% |
| 6 | AMERICAN CENTY ETF TR | 025072802 | 232,767 | $21.0M | 3.46% |
| 7 | VANECK ETF TRUST | 92189H730 | 552,138 | $20.0M | 3.30% |
| 8 | VANGUARD SCOTTSDALE FDS | 92206C870 | 222,374 | $18.7M | 3.08% |
| 9 | APPLE INC | AAPL | 68,100 | $17.5M | 2.88% |
| 10 | BLACKROCK ETF TRUST II | BLK | 289,578 | $15.4M | 2.54% |
| 11 | CAPITAL GROUP INTL FOCUS EQT | 14019W109 | 436,916 | $13.3M | 2.19% |
| 12 | NVIDIA CORPORATION | NVDA | 64,644 | $12.0M | 1.98% |
| 13 | PACER FDS TR | 69374H709 | 261,833 | $10.5M | 1.73% |
| 14 | MICROSOFT CORP | MSFT | 16,785 | $8.9M | 1.46% |
| 15 | ISHARES TR | 464287309 | 69,525 | $8.5M | 1.39% |
| 16 | FIDELITY COVINGTON TRUST | 316092337 | 279,968 | $8.3M | 1.36% |
| 17 | AMERICAN CENTY ETF TR | 025072349 | 112,338 | $8.2M | 1.35% |
| 18 | AMERICAN CENTY ETF TR | 025072364 | 118,688 | $8.1M | 1.34% |
| 19 | AMERICAN CENTY ETF TR | 025072133 | 116,293 | $8.1M | 1.33% |
| 20 | THORNBURG ETF TR | 88521L306 | 244,447 | $7.5M | 1.24% |
| 21 | VANGUARD WORLD FD | 92204A504 | 27,373 | $7.3M | 1.21% |
| 22 | TESLA INC | TSLA | 14,623 | $6.6M | 1.09% |
| 23 | CAPITAL GROUP GBL GROWTH EQT | 14020X104 | 186,723 | $6.5M | 1.07% |
| 24 | AMAZON COM INC | AMZN | 29,250 | $6.5M | 1.07% |
| 25 | ISHARES U S ETF TR | 46431W507 | 124,538 | $6.4M | 1.05% |
| 26 | VISA INC | V | 17,907 | $6.3M | 1.03% |
| 27 | ISHARES TR | 464288661 | 52,435 | $6.2M | 1.03% |
| 28 | CAPITAL GRP FIXED INCM ETF T | 14020Y409 | 232,767 | $6.1M | 1.00% |
| 29 | ISHARES TR | 464288679 | 52,149 | $5.7M | 0.95% |
| 30 | ISHARES TR | 46429B267 | 231,109 | $5.3M | 0.88% |
| 31 | ISHARES GOLD TR | IAU | 69,775 | $5.2M | 0.86% |
| 32 | HARBOR ETF TRUST | 41151J406 | 158,289 | $5.0M | 0.82% |
| 33 | ALPHABET INC | GOOG | 19,830 | $5.0M | 0.82% |
| 34 | CAPITAL GROUP CONSERVATIVE E | 14020U100 | 163,457 | $5.0M | 0.82% |
| 35 | FIDELITY MERRIMACK STR TR | 316188309 | 102,414 | $4.7M | 0.78% |
| 36 | VANECK ETF TRUST | 92189H748 | 87,241 | $4.6M | 0.76% |
| 37 | CAPITAL GROUP GROWTH ETF | 14020G101 | 96,561 | $4.3M | 0.71% |
| 38 | ALPHABET INC | GOOG | 16,793 | $4.2M | 0.70% |
| 39 | VANGUARD SPECIALIZED FUNDS | 921908844 | 18,439 | $4.0M | 0.66% |
| 40 | EA SERIES TRUST | 02072L573 | 117,972 | $4.0M | 0.65% |
| 41 | ARES CAPITAL CORP | ARCC | 183,961 | $3.7M | 0.61% |
| 42 | INVESCO QQQ TR | IVZ | 5,504 | $3.3M | 0.55% |
| 43 | ISHARES TR | 464287457 | 38,996 | $3.2M | 0.53% |
| 44 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 55,481 | $3.2M | 0.52% |
| 45 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4 | $3.0M | 0.50% |
| 46 | EA SERIES TRUST | 02072L680 | 68,816 | $3.0M | 0.49% |
| 47 | SIMON PPTY GROUP INC NEW | 828806109 | 15,777 | $2.8M | 0.47% |
| 48 | PACER FDS TR | 69374H303 | 35,722 | $2.8M | 0.46% |
| 49 | JPMORGAN CHASE & CO. | VYLD | 8,882 | $2.7M | 0.45% |
| 50 | VANECK ETF TRUST | 92189F411 | 186,509 | $2.7M | 0.44% |
| 51 | SPDR GOLD TR | GLD | 6,776 | $2.5M | 0.41% |
| 52 | CAPITAL GRP FIXED INCM ETF T | 14020Y102 | 100,024 | $2.3M | 0.38% |
| 53 | KKR & CO INC | KKRT | 17,425 | $2.2M | 0.36% |
| 54 | HOME DEPOT INC | HD | 5,207 | $2.0M | 0.33% |
| 55 | VANGUARD CALIF TAX FREE FDS | 922021605 | 20,327 | $2.0M | 0.33% |
| 56 | VANGUARD INDEX FDS | 922908553 | 22,234 | $2.0M | 0.33% |
| 57 | BROADCOM INC | AVGO | 5,949 | $2.0M | 0.33% |
| 58 | BLACKROCK ETF TRUST II | BLK | 39,049 | $2.0M | 0.33% |
| 59 | CATERPILLAR INC | CAT | 3,932 | $1.9M | 0.32% |
| 60 | WISDOMTREE TR | WT | 36,409 | $1.9M | 0.32% |
| 61 | CHEVRON CORP NEW | CVX | 12,146 | $1.9M | 0.31% |
| 62 | PACER FDS TR | 69374H881 | 32,017 | $1.9M | 0.31% |
| 63 | ISHARES TR | 464287614 | 3,636 | $1.7M | 0.28% |
| 64 | META PLATFORMS INC | META | 2,200 | $1.6M | 0.26% |
| 65 | EA SERIES TRUST | 02072L722 | 49,662 | $1.4M | 0.24% |
| 66 | VANGUARD INDEX FDS | 922908769 | 4,135 | $1.4M | 0.23% |
| 67 | GOLDMAN SACHS ETF TR | NVGLF | 26,178 | $1.4M | 0.23% |
| 68 | MASTERCARD INCORPORATED | MA | 2,297 | $1.3M | 0.22% |
| 69 | AMERICAN EXPRESS CO | AXP | 3,711 | $1.2M | 0.20% |
| 70 | FRANKLIN BSP RLTY TR INC | 35243J101 | 113,189 | $1.2M | 0.20% |
| 71 | GOLDMAN SACHS ETF TR | NVGLF | 24,036 | $1.2M | 0.20% |
| 72 | PALO ALTO NETWORKS INC | PANW | 5,718 | $1.2M | 0.20% |
| 73 | MCDONALDS CORP | MCD | 4,012 | $1.2M | 0.20% |
| 74 | VANGUARD MUN BD FDS | 922907738 | 11,693 | $1.2M | 0.19% |
| 75 | SPDR SERIES TRUST | 78464A854 | 14,820 | $1.2M | 0.19% |
| 76 | PACER FDS TR | 69374H857 | 26,583 | $1.2M | 0.19% |
| 77 | VANECK ETF TRUST | 92189H649 | 41,175 | $1.1M | 0.19% |
| 78 | SPDR SERIES TRUST | 78464A763 | 7,900 | $1.1M | 0.18% |
| 79 | FIDELITY WISE ORIGIN BITCOIN | FBTC | 9,785 | $1.1M | 0.18% |
| 80 | ELI LILLY & CO | LLY | 1,244 | $1.1M | 0.17% |
| 81 | HONEYWELL INTL INC | 438516106 | 4,687 | $979,578 | 0.16% |
| 82 | UNITED RENTALS INC | URI | 989 | $976,602 | 0.16% |
| 83 | SCHLUMBERGER LTD | SLB | 28,157 | $973,953 | 0.16% |
| 84 | SPDR SERIES TRUST | 78464A847 | 16,605 | $958,599 | 0.16% |
| 85 | ROCKWELL AUTOMATION INC | ROK | 2,727 | $950,516 | 0.16% |
| 86 | VANGUARD WORLD FD | 921910816 | 2,263 | $921,699 | 0.15% |
| 87 | VANGUARD INDEX FDS | 922908363 | 1,492 | $921,161 | 0.15% |
| 88 | VANGUARD WORLD FD | 92204A306 | 7,253 | $915,259 | 0.15% |
| 89 | ISHARES TR | 464287887 | 6,323 | $899,357 | 0.15% |
| 90 | THORNBURG INCM BUILDER OPP T | 885213108 | 44,580 | $897,842 | 0.15% |
| 91 | EA SERIES TRUST | 02072L698 | 26,415 | $892,078 | 0.15% |
| 92 | BOEING CO | BA-PA | 3,967 | $871,734 | 0.14% |
| 93 | SPDR S&P 500 ETF TR | SPY | 1,288 | $864,783 | 0.14% |
| 94 | NETFLIX INC | NFLX | 743 | $864,339 | 0.14% |
| 95 | ISHARES TR | 464287465 | 8,983 | $856,049 | 0.14% |
| 96 | ABBVIE INC | ABBV | 3,627 | $834,822 | 0.14% |
| 97 | INTERNATIONAL BUSINESS MACHS | INTR | 2,521 | $729,758 | 0.12% |
| 98 | ORACLE CORP | ORCL-PD | 2,464 | $718,597 | 0.12% |
| 99 | AMGEN INC | AMGN | 2,430 | $714,579 | 0.12% |
| 100 | BANK AMERICA CORP | 060505104 | 13,893 | $700,043 | 0.12% |
| 101 | SPDR SERIES TRUST | 78468R853 | 14,955 | $698,394 | 0.12% |
| 102 | FIDELITY COVINGTON TRUST | 316092865 | 11,653 | $676,468 | 0.11% |
| 103 | ROCKET LAB CORP | RKLB | 11,535 | $674,798 | 0.11% |
| 104 | EDWARDS LIFESCIENCES CORP | EW | 8,637 | $661,249 | 0.11% |
| 105 | HARBOR ETF TRUST | 41151J885 | 21,529 | $658,881 | 0.11% |
| 106 | ISHARES TR | 464287655 | 2,636 | $650,629 | 0.11% |
| 107 | GOLDMAN SACHS GROUP INC | GSCE | 799 | $636,450 | 0.10% |
| 108 | ISHARES TR | 46434V407 | 14,628 | $630,168 | 0.10% |
| 109 | EXXON MOBIL CORP | XOM | 5,460 | $623,487 | 0.10% |
| 110 | ADOBE INC | ADBE | 1,758 | $615,699 | 0.10% |
| 111 | VANGUARD INDEX FDS | 922908736 | 1,241 | $602,052 | 0.10% |
| 112 | SCHWAB STRATEGIC TR | 808524201 | 22,308 | $593,177 | 0.10% |
| 113 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,958 | $592,099 | 0.10% |
| 114 | ISHARES TR | 464287473 | 4,164 | $586,021 | 0.10% |
| 115 | ISHARES TR | 46429B697 | 6,163 | $585,944 | 0.10% |
| 116 | JOHNSON & JOHNSON | JNJ | 2,883 | $542,419 | 0.09% |
| 117 | SELECT SECTOR SPDR TR | 81369Y506 | 5,852 | $522,890 | 0.09% |
| 118 | MACERICH CO | MAC | 28,413 | $505,754 | 0.08% |
| 119 | INTUITIVE SURGICAL INC | ISRG | 1,106 | $497,357 | 0.08% |
| 120 | DISNEY WALT CO | 254687106 | 4,211 | $474,809 | 0.08% |
| 121 | ISHARES TR | 464288372 | 7,383 | $455,093 | 0.08% |
| 122 | SPDR SERIES TRUST | 78464A409 | 4,228 | $445,344 | 0.07% |
| 123 | REALTY INCOME CORP | O | 7,417 | $444,268 | 0.07% |
| 124 | ETF SER SOLUTIONS | 26922B832 | 14,884 | $439,964 | 0.07% |
| 125 | M & T BK CORP | 55261F104 | 2,312 | $439,360 | 0.07% |
| 126 | ISHARES TR | 46435G425 | 2,982 | $438,214 | 0.07% |
| 127 | VANGUARD TAX-MANAGED FDS | 921943858 | 7,034 | $430,311 | 0.07% |
| 128 | TRUIST FINL CORP | 89832Q109 | 9,073 | $411,273 | 0.07% |
| 129 | SPDR INDEX SHS FDS | 78463X889 | 9,398 | $410,594 | 0.07% |
| 130 | SALESFORCE INC | CRM | 1,654 | $406,618 | 0.07% |
| 131 | QUALCOMM INC | QCOM | 2,395 | $403,845 | 0.07% |
| 132 | ISHARES TR | 46435G268 | 5,276 | $394,879 | 0.07% |
| 133 | ISHARES TR | 464287671 | 2,347 | $389,297 | 0.06% |
| 134 | CAPITAL GRP FIXED INCM ETF T | 14020Y805 | 15,204 | $385,120 | 0.06% |
| 135 | ARES MANAGEMENT CORPORATION | ARES-PB | 2,501 | $375,378 | 0.06% |
| 136 | SELECT SECTOR SPDR TR | 81369Y704 | 2,360 | $366,074 | 0.06% |
| 137 | SERVICE CORP INTL | 817565104 | 4,358 | $364,399 | 0.06% |
| 138 | CAPITAL GROUP CORE BALANCED | 14021D107 | 10,404 | $363,928 | 0.06% |
| 139 | ABBOTT LABS | ABLZF | 2,716 | $363,220 | 0.06% |
| 140 | PEPSICO INC | PEP | 2,599 | $363,061 | 0.06% |
| 141 | FIDELITY COVINGTON TRUST | 316092535 | 10,425 | $346,110 | 0.06% |
| 142 | ISHARES TR | 464287630 | 1,871 | $336,467 | 0.06% |
| 143 | YUM BRANDS INC | YUM | 2,243 | $333,694 | 0.06% |
| 144 | PALANTIR TECHNOLOGIES INC | PLTR | 1,779 | $319,384 | 0.05% |
| 145 | PARKER-HANNIFIN CORP | PH | 416 | $317,618 | 0.05% |
| 146 | INNOVATOR ETFS TRUST | INHD | 8,365 | $314,220 | 0.05% |
| 147 | UBER TECHNOLOGIES INC | UBER | 3,010 | $301,301 | 0.05% |
| 148 | DIMENSIONAL ETF TRUST | 25434V708 | 7,700 | $299,145 | 0.05% |
| 149 | CONOCOPHILLIPS | COP | 3,129 | $296,959 | 0.05% |
| 150 | ISHARES TR | 464287150 | 2,013 | $295,962 | 0.05% |
| 151 | UNION PAC CORP | UNP | 1,206 | $286,272 | 0.05% |
| 152 | BITMINE IMMERSION TECNOLOGIE | 09175A206 | 4,410 | $278,800 | 0.05% |
| 153 | THERMO FISHER SCIENTIFIC INC | TMO | 511 | $278,147 | 0.05% |
| 154 | ISHARES TR | 46435U549 | 5,780 | $276,781 | 0.05% |
| 155 | SCHWAB STRATEGIC TR | 808524607 | 9,684 | $274,350 | 0.05% |
| 156 | SPDR SERIES TRUST | 78464A508 | 4,901 | $273,550 | 0.05% |
| 157 | ISHARES BITCOIN TRUST ETF | IBIT | 3,661 | $260,993 | 0.04% |
| 158 | COCA COLA CO | KO | 3,839 | $253,747 | 0.04% |
| 159 | OSCAR HEALTH INC | OSCR | 11,215 | $250,207 | 0.04% |
| 160 | EOS ENERGY ENTERPRISES INC | EOSE | 18,000 | $249,480 | 0.04% |
| 161 | WELLS FARGO CO NEW | 949746101 | 3,070 | $247,736 | 0.04% |
| 162 | ADVANCED MICRO DEVICES INC | AMD | 1,210 | $246,489 | 0.04% |
| 163 | VERIZON COMMUNICATIONS INC | VZ | 5,846 | $242,249 | 0.04% |
| 164 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 518 | $242,050 | 0.04% |
| 165 | ISHARES TR | 46434V647 | 9,232 | $235,499 | 0.04% |
| 166 | PACER FDS TR | 69374H436 | 5,559 | $234,825 | 0.04% |
| 167 | SELECT SECTOR SPDR TR | 81369Y803 | 814 | $234,099 | 0.04% |
| 168 | LOCKHEED MARTIN CORP | LMT | 447 | $229,671 | 0.04% |
| 169 | ROYAL CARIBBEAN GROUP | V7780T103 | 718 | $227,971 | 0.04% |
| 170 | KEYSIGHT TECHNOLOGIES INC | KEYS | 1,299 | $225,169 | 0.04% |
| 171 | INTEL CORP | INTC | 6,131 | $224,351 | 0.04% |
| 172 | VERTIV HOLDINGS CO | VRT | 1,360 | $221,442 | 0.04% |
| 173 | RTX CORPORATION | RTX | 1,296 | $218,692 | 0.04% |
| 174 | OCCIDENTAL PETE CORP | 674599105 | 4,804 | $218,123 | 0.04% |
| 175 | AXON ENTERPRISE INC | AXON | 300 | $216,477 | 0.04% |
| 176 | STARBUCKS CORP | SBUX | 2,611 | $214,382 | 0.04% |
| 177 | IDEXX LABS INC | 45168D104 | 340 | $213,445 | 0.04% |
| 178 | SCHWAB STRATEGIC TR | 808524508 | 7,077 | $212,581 | 0.04% |
| 179 | VANGUARD SCOTTSDALE FDS | 92206C706 | 3,535 | $211,605 | 0.03% |
| 180 | ISHARES TR | 464287226 | 2,091 | $209,032 | 0.03% |
| 181 | J P MORGAN EXCHANGE TRADED F | 46654Q203 | 3,631 | $208,629 | 0.03% |
| 182 | VANGUARD MUN BD FDS | 922907746 | 4,162 | $208,168 | 0.03% |
| 183 | SPDR INDEX SHS FDS | 78463X871 | 5,087 | $207,233 | 0.03% |
| 184 | ISHARES TR | 464287168 | 1,430 | $204,318 | 0.03% |
| 185 | SNOWFLAKE INC | SNOW | 841 | $203,953 | 0.03% |
| 186 | PHILLIPS 66 | PSX | 1,528 | $203,146 | 0.03% |