13F HOLDINGS REPORT
FINANCIAL MANAGEMENT NETWORK INC
Quarter ended Q4 2025 · Filed January 8, 2026 · Accession 0001754960-26-000016
Total Value
$632.0M
Positions
186
Other Managers
0
Confidential Omitted
No
Holdings (186)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 464287200 | 91,498 | $62.8M | 9.93% |
| 2 | VANECK ETF TRUST | 92189F643 | 483,727 | $50.1M | 7.92% |
| 3 | AMERICAN CENTY ETF TR | 025072877 | 278,082 | $28.7M | 4.54% |
| 4 | ISHARES TR | 464287507 | 396,964 | $26.6M | 4.20% |
| 5 | ISHARES TR | 464287804 | 191,997 | $23.3M | 3.69% |
| 6 | AMERICAN CENTY ETF TR | 025072802 | 238,590 | $22.6M | 3.58% |
| 7 | VANECK ETF TRUST | 92189H730 | 560,002 | $20.4M | 3.23% |
| 8 | VANGUARD SCOTTSDALE FDS | 92206C870 | 221,648 | $18.6M | 2.94% |
| 9 | APPLE INC | AAPL | 67,267 | $18.2M | 2.88% |
| 10 | BLACKROCK ETF TRUST II | BLK | 311,796 | $16.5M | 2.60% |
| 11 | CAPITAL GROUP INTL FOCUS EQT | 14019W109 | 439,332 | $13.3M | 2.10% |
| 12 | NVIDIA CORPORATION | NVDA | 63,543 | $12.0M | 1.90% |
| 13 | PACER FDS TR | 69374H709 | 243,531 | $10.2M | 1.61% |
| 14 | AMERICAN CENTY ETF TR | 025072364 | 137,841 | $9.9M | 1.57% |
| 15 | AMERICAN CENTY ETF TR | 025072133 | 131,235 | $9.5M | 1.50% |
| 16 | AMERICAN CENTY ETF TR | 025072349 | 117,450 | $9.0M | 1.43% |
| 17 | THORNBURG ETF TR | 88521L306 | 284,919 | $9.0M | 1.42% |
| 18 | ISHARES TR | 464287309 | 68,600 | $8.5M | 1.34% |
| 19 | FIDELITY COVINGTON TRUST | 316092337 | 280,476 | $8.4M | 1.33% |
| 20 | MICROSOFT CORP | MSFT | 16,857 | $8.0M | 1.26% |
| 21 | VANGUARD WORLD FD | 92204A504 | 27,396 | $7.9M | 1.25% |
| 22 | TESLA INC | TSLA | 16,323 | $7.2M | 1.13% |
| 23 | CAPITAL GRP FIXED INCM ETF T | 14020Y409 | 270,202 | $7.0M | 1.11% |
| 24 | AMAZON COM INC | AMZN | 29,552 | $6.7M | 1.06% |
| 25 | CAPITAL GROUP GBL GROWTH EQT | 14020X104 | 189,418 | $6.7M | 1.05% |
| 26 | ALPHABET INC | GOOG | 20,468 | $6.5M | 1.02% |
| 27 | ISHARES U S ETF TR | 46431W507 | 121,569 | $6.2M | 0.98% |
| 28 | VISA INC | V | 17,771 | $6.2M | 0.97% |
| 29 | ISHARES TR | 46429B267 | 261,521 | $6.0M | 0.95% |
| 30 | CAPITAL GROUP CONSERVATIVE E | 14020U100 | 196,025 | $6.0M | 0.95% |
| 31 | ISHARES TR | 464288661 | 49,968 | $6.0M | 0.94% |
| 32 | FIDELITY MERRIMACK STR TR | 316188309 | 123,217 | $5.7M | 0.90% |
| 33 | VANECK ETF TRUST | 92189H748 | 105,188 | $5.6M | 0.88% |
| 34 | ISHARES TR | 464288679 | 50,426 | $5.6M | 0.88% |
| 35 | ALPHABET INC | GOOG | 17,448 | $5.5M | 0.87% |
| 36 | ISHARES GOLD TR | IAU | 66,989 | $5.5M | 0.86% |
| 37 | HARBOR ETF TRUST | 41151J406 | 164,130 | $5.1M | 0.81% |
| 38 | CAPITAL GROUP GROWTH ETF | 14020G101 | 108,026 | $4.8M | 0.76% |
| 39 | VANGUARD SPECIALIZED FUNDS | 921908844 | 18,458 | $4.1M | 0.64% |
| 40 | EA SERIES TRUST | 02072L573 | 113,281 | $3.8M | 0.60% |
| 41 | ARES CAPITAL CORP | ARCC | 174,846 | $3.6M | 0.57% |
| 42 | J P MORGAN EXCHANGE TRADED F | 46641Q332 | 58,281 | $3.3M | 0.53% |
| 43 | INVESCO QQQ TR | IVZ | 5,372 | $3.3M | 0.52% |
| 44 | ISHARES TR | 464287457 | 38,295 | $3.2M | 0.50% |
| 45 | EA SERIES TRUST | 02072L680 | 69,234 | $3.1M | 0.48% |
| 46 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 4 | $3.0M | 0.47% |
| 47 | JPMORGAN CHASE & CO. | VYLD | 8,932 | $2.9M | 0.46% |
| 48 | PACER FDS TR | 69374H303 | 35,836 | $2.8M | 0.45% |
| 49 | SPDR GOLD TR | GLD | 6,846 | $2.7M | 0.43% |
| 50 | CAPITAL GRP FIXED INCM ETF T | 14020Y102 | 120,414 | $2.7M | 0.43% |
| 51 | SIMON PPTY GROUP INC NEW | 828806109 | 14,475 | $2.7M | 0.42% |
| 52 | BLACKROCK ETF TRUST II | BLK | 48,085 | $2.4M | 0.38% |
| 53 | VANECK ETF TRUST | 92189F411 | 166,362 | $2.4M | 0.38% |
| 54 | CATERPILLAR INC | CAT | 3,937 | $2.4M | 0.37% |
| 55 | VANGUARD CALIF TAX FREE FDS | 922021605 | 21,960 | $2.2M | 0.35% |
| 56 | VANECK ETF TRUST | 92189H649 | 70,012 | $1.9M | 0.31% |
| 57 | CHEVRON CORP NEW | CVX | 12,338 | $1.9M | 0.30% |
| 58 | KKR & CO INC | KKRT | 14,843 | $1.9M | 0.30% |
| 59 | PACER FDS TR | 69374H881 | 29,192 | $1.8M | 0.28% |
| 60 | VANGUARD INDEX FDS | 922908553 | 19,929 | $1.8M | 0.28% |
| 61 | HOME DEPOT INC | HD | 5,047 | $1.7M | 0.28% |
| 62 | BROADCOM INC | AVGO | 5,003 | $1.7M | 0.28% |
| 63 | ISHARES TR | 464287614 | 3,568 | $1.7M | 0.27% |
| 64 | WISDOMTREE TR | WT | 31,470 | $1.6M | 0.26% |
| 65 | GOLDMAN SACHS ETF TR | NVGLF | 30,507 | $1.6M | 0.25% |
| 66 | META PLATFORMS INC | META | 2,242 | $1.5M | 0.23% |
| 67 | GOLDMAN SACHS ETF TR | NVGLF | 28,279 | $1.4M | 0.23% |
| 68 | VANGUARD INDEX FDS | 922908769 | 4,205 | $1.4M | 0.22% |
| 69 | AMERICAN EXPRESS CO | AXP | 3,740 | $1.4M | 0.22% |
| 70 | ELI LILLY & CO | LLY | 1,249 | $1.3M | 0.21% |
| 71 | VANGUARD MUN BD FDS | 922907738 | 12,533 | $1.3M | 0.20% |
| 72 | MASTERCARD INCORPORATED | MA | 2,117 | $1.2M | 0.19% |
| 73 | MCDONALDS CORP | MCD | 3,838 | $1.2M | 0.18% |
| 74 | SPDR SERIES TRUST | 78464A854 | 14,378 | $1.2M | 0.18% |
| 75 | SLB LIMITED | SLB | 28,466 | $1.1M | 0.18% |
| 76 | FRANKLIN BSP RLTY TR INC | 35243J101 | 112,031 | $1.1M | 0.18% |
| 77 | SPDR SERIES TRUST | 78464A763 | 7,909 | $1.1M | 0.18% |
| 78 | ISHARES TR | 464288372 | 17,743 | $1.1M | 0.17% |
| 79 | APOLLO GLOBAL MGMT INC | 03769M106 | 7,449 | $1.1M | 0.17% |
| 80 | ROCKWELL AUTOMATION INC | ROK | 2,639 | $1.1M | 0.17% |
| 81 | ISHARES TR | 464287465 | 10,593 | $1.0M | 0.16% |
| 82 | SPDR S&P 500 ETF TR | SPY | 1,450 | $990,886 | 0.16% |
| 83 | VANGUARD INDEX FDS | 922908363 | 1,570 | $986,641 | 0.16% |
| 84 | PALO ALTO NETWORKS INC | PANW | 5,318 | $953,890 | 0.15% |
| 85 | SPDR SERIES TRUST | 78464A847 | 16,043 | $941,702 | 0.15% |
| 86 | EA SERIES TRUST | 02072L722 | 32,214 | $935,487 | 0.15% |
| 87 | VANGUARD WORLD FD | 92204A306 | 7,212 | $927,907 | 0.15% |
| 88 | EA SERIES TRUST | 02072L698 | 25,106 | $927,862 | 0.15% |
| 89 | VANGUARD WORLD FD | 921910816 | 2,253 | $925,861 | 0.15% |
| 90 | HONEYWELL INTL INC | 438516106 | 4,691 | $918,903 | 0.15% |
| 91 | ISHARES TR | 464287887 | 6,325 | $902,278 | 0.14% |
| 92 | THORNBURG INCM BUILDER OPP T | 885213108 | 44,031 | $888,546 | 0.14% |
| 93 | BOEING CO | BA-PA | 3,851 | $877,114 | 0.14% |
| 94 | ROCKET LAB CORP | RKLB | 11,035 | $838,550 | 0.13% |
| 95 | UNITED RENTALS INC | URI | 990 | $836,811 | 0.13% |
| 96 | AMGEN INC | AMGN | 2,433 | $797,000 | 0.13% |
| 97 | COHEN & STEERS ETF TRUST | 19249U302 | 24,705 | $774,290 | 0.12% |
| 98 | BANK AMERICA CORP | 060505104 | 13,747 | $769,121 | 0.12% |
| 99 | ABBVIE INC | ABBV | 3,337 | $765,121 | 0.12% |
| 100 | FIDELITY WISE ORIGIN BITCOIN | FBTC | 9,785 | $765,089 | 0.12% |
| 101 | EDWARDS LIFESCIENCES CORP | EW | 8,639 | $737,166 | 0.12% |
| 102 | INTERNATIONAL BUSINESS MACHS | INTR | 2,529 | $737,113 | 0.12% |
| 103 | GOLDMAN SACHS GROUP INC | GSCE | 800 | $731,678 | 0.12% |
| 104 | EXXON MOBIL CORP | XOM | 5,676 | $696,153 | 0.11% |
| 105 | FIDELITY COVINGTON TRUST | 316092865 | 12,266 | $685,177 | 0.11% |
| 106 | NETFLIX INC | NFLX | 7,402 | $673,508 | 0.11% |
| 107 | SPDR SERIES TRUST | 78468R853 | 14,145 | $669,049 | 0.11% |
| 108 | ISHARES TR | 464287655 | 2,637 | $656,147 | 0.10% |
| 109 | ISHARES TR | 46434V407 | 14,788 | $634,384 | 0.10% |
| 110 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 1,958 | $625,796 | 0.10% |
| 111 | SCHWAB STRATEGIC TR | 808524201 | 22,370 | $603,330 | 0.10% |
| 112 | INTUITIVE SURGICAL INC | ISRG | 1,073 | $603,005 | 0.10% |
| 113 | VANGUARD INDEX FDS | 922908736 | 1,229 | $597,738 | 0.09% |
| 114 | ISHARES TR | 464287473 | 4,121 | $587,715 | 0.09% |
| 115 | PACER FDS TR | 69374H857 | 12,821 | $574,004 | 0.09% |
| 116 | ISHARES TR | 46429B697 | 5,968 | $558,925 | 0.09% |
| 117 | JOHNSON & JOHNSON | JNJ | 2,689 | $557,608 | 0.09% |
| 118 | SELECT SECTOR SPDR TR | 81369Y506 | 11,751 | $536,421 | 0.08% |
| 119 | ADOBE INC | ADBE | 1,588 | $529,280 | 0.08% |
| 120 | DISNEY WALT CO | 254687106 | 4,388 | $490,817 | 0.08% |
| 121 | VANGUARD TAX-MANAGED FDS | 921943858 | 7,381 | $466,488 | 0.07% |
| 122 | TRUIST FINL CORP | 89832Q109 | 9,174 | $456,331 | 0.07% |
| 123 | ISHARES TR | 46435G425 | 2,992 | $446,325 | 0.07% |
| 124 | M & T BK CORP | 55261F104 | 2,172 | $443,276 | 0.07% |
| 125 | MACERICH CO | MAC | 23,678 | $438,520 | 0.07% |
| 126 | CAPITAL GROUP CORE BALANCED | 14021D107 | 11,914 | $423,528 | 0.07% |
| 127 | ADVANCED MICRO DEVICES INC | AMD | 1,886 | $421,464 | 0.07% |
| 128 | SPDR SERIES TRUST | 78464A409 | 3,884 | $414,583 | 0.07% |
| 129 | HARBOR ETF TRUST | 41151J505 | 16,423 | $405,479 | 0.06% |
| 130 | ISHARES TR | 46435G268 | 5,278 | $400,721 | 0.06% |
| 131 | QUALCOMM INC | QCOM | 2,286 | $395,432 | 0.06% |
| 132 | CAPITAL GRP FIXED INCM ETF T | 14020Y805 | 15,357 | $391,141 | 0.06% |
| 133 | SALESFORCE INC | CRM | 1,534 | $389,159 | 0.06% |
| 134 | ISHARES TR | 464287671 | 2,286 | $384,391 | 0.06% |
| 135 | HARBOR ETF TRUST | 41151J885 | 12,666 | $384,145 | 0.06% |
| 136 | SELECT SECTOR SPDR TR | 81369Y704 | 2,361 | $372,971 | 0.06% |
| 137 | PEPSICO INC | PEP | 2,607 | $370,774 | 0.06% |
| 138 | ORACLE CORP | ORCL-PD | 1,889 | $369,602 | 0.06% |
| 139 | FIDELITY COVINGTON TRUST | 316092535 | 10,425 | $363,311 | 0.06% |
| 140 | PARKER-HANNIFIN CORP | PH | 405 | $362,106 | 0.06% |
| 141 | ARES MANAGEMENT CORPORATION | ARES-PB | 2,071 | $344,766 | 0.05% |
| 142 | ABBOTT LABS | ABLZF | 2,735 | $339,599 | 0.05% |
| 143 | YUM BRANDS INC | YUM | 2,245 | $337,841 | 0.05% |
| 144 | SERVICE CORP INTL | 817565104 | 4,346 | $336,732 | 0.05% |
| 145 | REALTY INCOME CORP | O | 5,582 | $319,915 | 0.05% |
| 146 | ISHARES TR | 464287630 | 1,747 | $319,445 | 0.05% |
| 147 | INNOVATOR ETFS TRUST | INHD | 8,365 | $318,874 | 0.05% |
| 148 | WELLS FARGO CO NEW | 949746101 | 3,250 | $309,359 | 0.05% |
| 149 | ISHARES TR | 464287150 | 2,074 | $309,310 | 0.05% |
| 150 | DIMENSIONAL ETF TRUST | 25434V708 | 7,700 | $306,383 | 0.05% |
| 151 | ISHARES U S ETF TR | 46431W838 | 6,039 | $303,871 | 0.05% |
| 152 | THERMO FISHER SCIENTIFIC INC | TMO | 513 | $303,816 | 0.05% |
| 153 | CONOCOPHILLIPS | COP | 3,115 | $301,257 | 0.05% |
| 154 | CALAMOS ETF TR | 12811T571 | 10,872 | $290,817 | 0.05% |
| 155 | SCHWAB STRATEGIC TR | 808524607 | 9,725 | $280,093 | 0.04% |
| 156 | UNION PAC CORP | UNP | 1,206 | $279,640 | 0.04% |
| 157 | LOCKHEED MARTIN CORP | LMT | 550 | $273,622 | 0.04% |
| 158 | SELECT SECTOR SPDR TR | 81369Y803 | 1,890 | $272,758 | 0.04% |
| 159 | ISHARES TR | 46435U549 | 5,641 | $269,793 | 0.04% |
| 160 | KEYSIGHT TECHNOLOGIES INC | KEYS | 1,302 | $268,980 | 0.04% |
| 161 | COCA COLA CO | KO | 3,851 | $266,207 | 0.04% |
| 162 | PALANTIR TECHNOLOGIES INC | PLTR | 1,552 | $260,473 | 0.04% |
| 163 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 520 | $251,475 | 0.04% |
| 164 | RTX CORPORATION | RTX | 1,303 | $244,011 | 0.04% |
| 165 | VERIZON COMMUNICATIONS INC | VZ | 5,978 | $242,230 | 0.04% |
| 166 | UBER TECHNOLOGIES INC | UBER | 2,917 | $241,703 | 0.04% |
| 167 | INTEL CORP | INTC | 6,056 | $238,505 | 0.04% |
| 168 | PACER FDS TR | 69374H436 | 5,565 | $237,957 | 0.04% |
| 169 | EOS ENERGY ENTERPRISES INC | EOSE | 18,075 | $234,433 | 0.04% |
| 170 | STARBUCKS CORP | SBUX | 2,739 | $229,954 | 0.04% |
| 171 | NEOS ETF TRUST | 78433H303 | 4,309 | $226,593 | 0.04% |
| 172 | SCHWAB STRATEGIC TR | 808524508 | 7,107 | $216,636 | 0.03% |
| 173 | PHILIP MORRIS INTL INC | 718172109 | 1,331 | $213,376 | 0.03% |
| 174 | VANGUARD SCOTTSDALE FDS | 92206C706 | 3,535 | $211,782 | 0.03% |
| 175 | VANGUARD MUN BD FDS | 922907746 | 4,197 | $211,395 | 0.03% |
| 176 | GOLDMAN SACHS ETF TR | NVGLF | 4,041 | $211,386 | 0.03% |
| 177 | IDEXX LABS INC | 45168D104 | 312 | $209,037 | 0.03% |
| 178 | ISHARES TR | 46434V647 | 8,303 | $207,737 | 0.03% |
| 179 | SCHWAB STRATEGIC TR | 808524805 | 8,491 | $206,850 | 0.03% |
| 180 | NEOS ETF TRUST | 78433H675 | 3,828 | $205,809 | 0.03% |
| 181 | DEERE & CO | DE | 435 | $203,992 | 0.03% |
| 182 | ISHARES TR | 464287168 | 1,430 | $203,961 | 0.03% |
| 183 | ROYAL CARIBBEAN GROUP | V7780T103 | 718 | $203,700 | 0.03% |
| 184 | ISHARES TR | 464287440 | 2,097 | $201,457 | 0.03% |
| 185 | FORD MTR CO | 345370860 | 11,757 | $156,839 | 0.02% |
| 186 | MOBIX LABS INC | MOBXW | 52,200 | $14,094 | 0.00% |