Institutional Manager · CIK 0001568132

Financial Management Professionals, Inc.

AUSTIN, TX · File #028-15131

Latest AUM

$969.6M

Positions

967

Top-10 Concentration

63.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
EXITED	SPDR Portfolio S P 1500 CMPST ST ETF	78464A805	-113,557	-$9.2M	$0
ADD	iShares Core MSCI Emerging ETF	46434G103	+130,268	+$8.8M	+$474,521
REDUCE	Schwab US Large Cap Growth ETF	808524300	-164,691	-$5.4M	+$1.4M
ADD	Bitwise Bitcoin ETF	BITB	+94,691	+$4.5M	-$99,585
REDUCE	Goldman Sachs Actvbeta US LRG ETF	NVGLF	-30,588	-$4.0M	+$1.8M
ADD	PIMCO 0-5 Year High YLD BND Idx ETF	72201R783	+28,641	+$2.7M	-$52,167
REDUCE	Schwab US Large Cap ETF	808524201	-89,255	-$2.4M	+$1.3M
NEW	iShares North American Tech	464287549	+18,181	+$2.3M	$0
EXITED	iShares Global Industrials ETF	464288729	-13,426	-$2.3M	$0
EXITED	First Trust Utilities Alphadex ETF	33734X184	-50,550	-$2.3M	$0

Sector Allocation

Technology

2.9%$27.9M

Financials

1.1%$11.0M

Healthcare

0.8%$7.8M

Consumer Discretionary

0.7%$7.2M

Energy

0.6%$6.2M

Industrials

0.4%$4.1M

Consumer Staples

0.2%$2.4M

Communication Services

0.2%$2.1M

Materials

0.1%$1.3M

Utilities

0.0%$303,700

Real Estate

0.0%$160,291

Filing History

Jan 27, 202613F HOLDINGS REPORTQ/E Dec 2025967 pos · $969.6M
Oct 15, 202513F HOLDINGS REPORTQ/E Sep 2025948 pos · $960.8M
Jul 15, 202513F HOLDINGS REPORTQ/E Jun 20251,017 pos · $888.8M
Apr 10, 202513F HOLDINGS REPORTQ/E Mar 2025996 pos · $782.9M
Jan 15, 202513F HOLDINGS REPORTQ/E Dec 2024984 pos · $791.1M
Oct 24, 202413F HOLDINGS REPORTQ/E Sep 20241,015 pos · $805,414
Jul 12, 202413F HOLDINGS REPORTQ/E Jun 2024984 pos · $728,577
Apr 16, 202413F HOLDINGS REPORTQ/E Mar 20241,046 pos · $678,502
Oct 13, 202313F HOLDINGS REPORTQ/E Dec 2023984 pos · $568,711

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	Goldman Sachs Actvbeta US LRG ETF	NVGLF	830,563	$109.9M	12.38%
2	Dimensional Intern Core EQT MKT ETF	25434V203	1,664,646	$63.4M	7.14%
3	Schwab US Large Cap Growth ETF	808524300	1,832,835	$59.8M	6.73%
4	Schwab US Large Cap ETF	808524201	2,200,040	$59.2M	6.66%
5	John Hancock Multifctr Mid CP ETF	47804J206	885,460	$58.0M	6.53%
6	Goldman Sachs Actvbt International Equity ETF	NVGLF	1,331,851	$57.2M	6.44%
7	iShares Russell 1000 ETF IV	464287622	116,015	$43.3M	4.88%
8	Vanguard S&P 500 ETF	922908363	62,122	$39.0M	4.39%
9	iShares MSCI USA Multifct ETF	46434V290	517,140	$38.7M	4.36%
10	Vanguard Total Bond Market ETF	921937835	513,784	$38.1M	4.28%
11	iShares Core MSCI Emerging ETF	46434G103	495,309	$33.3M	3.75%
12	Vanguard Value ETF	922908744	140,571	$26.8M	3.02%
13	Vanguard Large Cap ETF	922908637	78,488	$24.7M	2.78%
14	SPDR BLMBG SRT TR Int TRY BND ETF	78464A334	864,501	$23.7M	2.67%
15	PIMCO 0-5 Year High YLD BND Idx ETF	72201R783	246,051	$23.5M	2.64%
16	Fidelity High Yield Factor ETF	316092618	451,872	$22.4M	2.52%
17	JPMorgan Ultra Short Income ETF	46641Q837	339,541	$17.2M	1.94%
18	Schwab International Equity ETF	808524805	613,494	$14.7M	1.66%
19	SPDR S&P 500 ETF	SPY	18,794	$12.9M	1.45%
20	SPDR S&P 500 Growth ETF	78464A409	97,670	$10.4M	1.17%