Institutional Manager · CIK 0001844831

FINANCIAL MANAGEMENT NETWORK INC

MISSION VIEJO, CA · File #028-20608

Latest AUM

$632.0M

Positions

186

Top-10 Concentration

53.9%

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
ADD	AMERICAN CENTY ETF TR	025072877	+33,325	+$3.4M	+$633,888
ADD	AMERICAN CENTY ETF TR	025072364	+19,153	+$1.4M	+$429,070
ADD	THORNBURG ETF TR	88521L306	+40,472	+$1.3M	+$171,411
ADD	BLACKROCK ETF TRUST II	BLK	+22,218	+$1.2M	-$92,691
NEW	APOLLO GLOBAL MGMT INC	03769M106	+7,449	+$1.1M	$0
ADD	AMERICAN CENTY ETF TR	025072133	+14,942	+$1.1M	+$350,391
ADD	CAPITAL GROUP CONSERVATIVE E	14020U100	+32,568	+$998,860	+$50,662
ADD	CAPITAL GRP FIXED INCM ETF T	14020Y409	+37,435	+$972,934	-$2,326
ADD	FIDELITY MERRIMACK STR TR	316188309	+20,803	+$957,770	-$18,428
ADD	VANECK ETF TRUST	92189H748	+17,947	+$948,322	-$4,350

Sector Allocation

Technology

6.9%$43.6M

Financials

5.8%$36.9M

Consumer Discretionary

2.7%$17.3M

Industrials

1.1%$6.7M

Healthcare

0.8%$5.1M

Energy

0.6%$4.1M

Communication Services

0.4%$2.4M

Real Estate

0.1%$758,435

Consumer Staples

0.1%$636,981

Materials

0.1%$318,874

Filing History

Jan 8, 202613F HOLDINGS REPORTQ/E Dec 2025186 pos · $632.0M
Oct 29, 202513F HOLDINGS REPORTQ/E Sep 2025186 pos · $606.4M
Jul 10, 202513F HOLDINGS REPORTQ/E Jun 2025176 pos · $558.1M
May 7, 202513F HOLDINGS REPORTQ/E Mar 2025153 pos · $444.4M
Feb 3, 202513F HOLDINGS REPORTQ/E Dec 2024160 pos · $481.1M
Oct 23, 202413F HOLDINGS REPORTQ/E Sep 2024172 pos · $478.1M
Jul 22, 202413F HOLDINGS REPORTQ/E Jun 2024149 pos · $416.7M
Apr 22, 202413F HOLDINGS REPORTQ/E Mar 2024154 pos · $396.8M
Oct 24, 202313F HOLDINGS REPORTQ/E Dec 2023145 pos · $302.1M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	91,498	$62.8M	11.76%
2	VANECK ETF TRUST	92189F643	483,727	$50.1M	9.38%
3	AMERICAN CENTY ETF TR	025072877	278,082	$28.7M	5.37%
4	ISHARES TR	464287507	396,964	$26.6M	4.98%
5	ISHARES TR	464287804	191,997	$23.3M	4.37%
6	AMERICAN CENTY ETF TR	025072802	238,590	$22.6M	4.24%
7	VANECK ETF TRUST	92189H730	560,002	$20.4M	3.82%
8	VANGUARD SCOTTSDALE FDS	92206C870	221,648	$18.6M	3.48%
9	APPLE INC	AAPL	67,267	$18.2M	3.42%
10	BLACKROCK ETF TRUST II	BLK	311,796	$16.5M	3.08%
11	CAPITAL GROUP INTL FOCUS EQT	14019W109	439,332	$13.3M	2.49%
12	NVIDIA CORPORATION	NVDA	63,543	$12.0M	2.25%
13	PACER FDS TR	69374H709	243,531	$10.2M	1.90%
14	AMERICAN CENTY ETF TR	025072364	137,841	$9.9M	1.86%
15	AMERICAN CENTY ETF TR	025072133	131,235	$9.5M	1.78%
16	AMERICAN CENTY ETF TR	025072349	117,450	$9.0M	1.69%
17	THORNBURG ETF TR	88521L306	284,919	$9.0M	1.69%
18	ISHARES TR	464287309	68,600	$8.5M	1.59%
19	FIDELITY COVINGTON TRUST	316092337	280,476	$8.4M	1.58%
20	MICROSOFT CORP	MSFT	16,857	$8.0M	1.49%