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Asset Manager ← All Institutions

Forum Financial Management, LP

1900 S. HIGHLAND AVE. SUITE 100, LOMBARD, IL 60148 • 630-873-8512

Q3 2025 · Filed 2025-10-24
Market Value
$7.3B
+11.2%
Holdings
1,045
+73
New Purchases
108
Added To
614
Closed
54
Reduced
170
Top 10 Concentration
75.0%
Turnover
15.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTEB 0.91% 0.14% +0.77% $66M
HYD 0.89% 0.14% +0.75% $65M
VGLT 0.65% 0.18% +0.47% $47M
AAPL 1.14% 0.97% +0.17% $84M
GOOG 0.50% 0.40% +0.09% $36M
DFAT 7.78% 7.69% +0.09% $568M
DFIP 0.14% 0.05% +0.09% $10M
DFCF 0.11% 0.03% +0.08% $8M
GOOGL 0.47% 0.41% +0.06% $34M
ABBV 0.20% 0.17% +0.03% $14M
MSFT 0.64% 0.62% +0.03% $47M
INTC 0.05% 0.02% +0.03% $3M
DUHP 3.90% 3.88% +0.02% $285M
TSLA 0.12% 0.10% +0.02% $9M
NVDA 0.40% 0.38% +0.02% $29M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TLH 11.30% 12.19% -0.89% $825M
PLTR 0.37% 1.06% -0.69% $27M
DFGP 4.60% 4.90% -0.30% $336M
DFGR 5.78% 5.93% -0.15% $422M
AMGN 1.36% 1.49% -0.14% $99M
DFIC 7.43% 7.56% -0.13% $543M
DIHP 2.59% 2.69% -0.10% $189M
DFAC 21.16% 21.23% -0.07% $1.5B
DISV 2.89% 2.96% -0.07% $211M
META 0.38% 0.43% -0.05% $28M
DFUS 1.20% 1.24% -0.04% $88M
DFUV 0.74% 0.78% -0.04% $54M
DFAX 0.48% 0.52% -0.04% $35M
AMZN 0.35% 0.38% -0.03% $26M
DFIS 0.50% 0.53% -0.03% $37M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 93.1%
Healthcare 2.2%
Technology 1.9%
Communication Services 1.1%
Energy 0.6%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 79 $611M 8.4%
Large Cap 682 $4.7B 64.2%
Mid Cap 234 $1.9B 26.3%
Small Cap 42 $77M 1.1%
Micro Cap 8 $1M 0.0%

Portfolio Analytics

Avg Market Cap
$92.7B
Median Market Cap
$21.8B
Avg P/E
34.9
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
1.04
# Stocks
907
# ETFs / Funds
138

Top Holdings (1,045 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 21.16% 40,038,710 $1.5B $38.57 $150M +1,142,049 +2.9%
2 TLH 11.30% 8,011,239 $825M $102.99 $24M +128,948 +1.6%
3 DFAT 7.78% 9,753,142 $568M $58.21 $63M +399,577 +4.3%
4 DFEM 7.57% 17,237,631 $553M $32.07 $54M +447,872 +2.7%
5 DFIC 7.43% 16,549,684 $543M $32.79 $46M +572,083 +3.6%
6 DFGR 5.78% 15,451,214 $422M $27.31 $32M +933,655 +6.4%
7 DFGP 4.60% 6,041,452 $336M $55.57 $14M +139,155 +2.4%
8 DUHP 3.90% 7,544,993 $285M $37.77 $30M +375,593 +5.2%
9 DISV 2.89% 5,908,751 $211M $35.69 $17M +9,673 +0.2%
10 DIHP 2.59% 6,218,768 $189M $30.40 $12M +221,807 +3.7%
11 AMGN 1.36% 350,613 $99M $282.20 $1M -6
12 DFUS 1.20% 1,212,084 $88M $72.44 $6M -7,546 -0.6%
13 AAPL 1.14% 328,004 $84M $254.63 $19M +15,950 +5.1%
14 VTEB 0.91% 1,322,231 $66M $50.07 $57M +1,137,416 +615.4%
15 HYD 0.89% 1,277,016 $65M $50.90 $56M +1,097,133 +609.9%
16 DFUV 0.74% 1,200,838 $54M $44.69 $3M -5,544 -0.5%
17 VGLT 0.65% 833,454 $47M $56.86 $35M +621,492 +293.2%
18 MSFT 0.64% 90,657 $47M $517.95 $7M +9,455 +11.6%
19 DFIS 0.50% 1,156,857 $37M $31.63 $2M -2,000 -0.2%
20 GOOG 0.50% 148,478 $36M $243.55 $10M -672 -0.5%
21 DFAX 0.48% 1,118,790 $35M $31.38 $927K -44,990 -3.9%
22 GOOGL 0.47% 141,647 $34M $243.10 $8M -10,304 -6.8%
23 NVDA 0.40% 157,088 $29M $186.58 $4M -1,891 -1.2%
24 META 0.38% 38,082 $28M $734.38 -$342K -272 -0.7%
25 PLTR 0.37% 148,353 $27M $182.42 -$42M -361,446 -70.9%
26 JPM 0.36% 84,159 $27M $315.43 $3M +2,147 +2.6%
27 AMZN 0.35% 117,898 $26M $219.57 $752K +3,331 +2.9%
28 DFSU 0.25% 431,131 $18M $42.47 $2M +15,127 +3.6%
29 DFIV 0.25% 387,996 $18M $46.12 $1M -5,140 -1.3%
30 DFSE 0.22% 397,163 $16M $41.09 $1M +1,024 +0.3%
31 BSVO 0.20% 658,724 $15M $22.65 $1M -9,380 -1.4%
32 ABBV 0.20% 62,145 $14M $231.54 $3M +2,441 +4.1%
33 VGSR 0.18% 1,254,305 $13M $10.65 $633K +37,755 +3.1%
34 DFSI 0.16% 286,947 $12M $40.95 $357K -2,162 -0.8%
35 AVGO 0.15% 34,250 $11M $329.91 $2M +1,797 +5.5%
36 SPY 0.15% 16,567 $11M $666.18 $695K -170 -1.0%
37 XOM 0.14% 93,438 $11M $112.75 $1M +6,626 +7.6%
38 DFAS 0.14% 153,833 $11M $68.46 $1M +7,795 +5.3%
39 DFIP 0.14% 240,233 $10M $42.23 $7M +157,075 +188.9%
40 DFAR 0.13% 401,568 $10M $23.85 $138K -779 -0.2%
41 TSLA 0.12% 19,564 $9M $444.72 $2M -875 -4.3%
42 ABT 0.12% 62,932 $8M $133.94 $324K +3,337 +5.6%
43 DFCF 0.11% 186,351 $8M $42.76 $6M +144,413 +344.4%
44 WMT 0.10% 72,764 $7M $103.06 $321K -650 -0.9%
45 VOO 0.10% 12,137 $7M $612.38 $711K +303 +2.6%
46 VTI 0.10% 21,431 $7M $328.17 $556K +119 +0.6%
47 DE 0.09% 14,985 $7M $457.27 -$605K +320 +2.2%
48 IWF 0.09% 14,092 $7M $468.40 $619K +4 +0.0%
49 JNJ 0.09% 35,543 $7M $185.42 $1M +2,114 +6.3%
50 HD 0.09% 16,091 $7M $405.19 $869K +677 +4.4%
51 LLY 0.09% 8,468 $6M $763.02 -$403K -337 -3.8%
52 BAC 0.09% 122,219 $6M $51.59 $1M +11,595 +10.5%
53 IVV 0.08% 9,048 $6M $669.27 $349K -143 -1.6%
54 OUNZ 0.08% 160,123 $6M $37.19 $849K
55 CVX 0.08% 36,853 $6M $155.29 $997K +3,846 +11.7%
56 COST 0.07% 5,787 $5M $925.60 -$282K +91 +1.6%
57 MS 0.07% 33,094 $5M $158.96 $888K +2,054 +6.6%
58 MUFG 0.07% 322,044 $5M $15.94 $715K
59 TBIL 0.07% 101,810 $5M $50.00 -$62K -1,249 -1.2%
60 PG 0.07% 32,839 $5M $153.65 $1M +7,668 +30.5%
61 WFC 0.07% 59,484 $5M $83.82 $669K +5,598 +10.4%
62 MU 0.07% 29,541 $5M $167.32 $2M +2,972 +11.2%
63 SAP 0.07% 18,390 $5M $267.21 -$462K +711 +4.0%
64 TTE 0.06% 79,459 $5M $59.69 -$135K
65 T 0.06% 166,915 $5M $28.24 -$33K +2,911 +1.8%
66 ORCL 0.06% 16,365 $5M $281.23 $1M +902 +5.8%
67 ALL 0.06% 21,195 $5M $214.65 $471K +938 +4.6%
68 DFSV 0.06% 141,766 $5M $31.84 -$410K -25,525 -15.3%
69 BHP 0.06% 75,967 $4M $55.75 $1M +9,028 +13.5%
70 0HQN.L 0.06% 17,066 $4M $245.25 $346K +601 +3.6%
71 V 0.06% 11,999 $4M $341.37 $18K +512 +4.5%
72 NFLX 0.06% 3,374 $4M $1,198.92 -$411K +46 +1.4%
73 TM 0.05% 20,477 $4M $191.09 $391K +30 +0.1%
74 DIS 0.05% 33,965 $4M $114.50 -$371K -390 -1.1%
75 MAR 0.05% 14,917 $4M $260.45 -$64K +464 +3.2%
76 AVUS 0.05% 35,636 $4M $108.70 -$574K -8,480 -19.2%
77 GS 0.05% 4,772 $4M $796.24 $809K +545 +12.9%
78 COF 0.05% 17,770 $4M $212.58 $179K +858 +5.1%
79 OSBC 0.05% 215,371 $4M $17.28 -$356K -14,516 -6.3%
80 VEA 0.05% 62,095 $4M $59.92 -$98K -4,884 -7.3%
81 MCD 0.05% 12,017 $4M $303.89 $724K +1,995 +19.9%
82 VUG 0.05% 7,569 $4M $479.55 $321K +20 +0.3%
83 CAT 0.05% 7,552 $4M $477.19 $730K +151 +2.0%
84 SMFG 0.05% 209,587 $4M $16.74 $342K
85 SONY 0.05% 118,617 $3M $28.79 $543K +8,300 +7.5%
86 SHV 0.05% 30,628 $3M $110.49 $984K +8,890 +40.9%
87 C 0.05% 33,320 $3M $101.50 $697K +1,778 +5.6%
88 WTM 0.05% 2,016 $3M $1,671.52 -$250K
89 SYY 0.05% 40,909 $3M $82.34 -$345K -8,121 -16.6%
90 GE 0.05% 11,195 $3M $300.82 $440K -182 -1.6%
91 DB 0.05% 94,166 $3M $35.41 $577K
92 CSCO 0.05% 48,572 $3M $68.42 $129K +2,528 +5.5%
93 INTC 0.05% 98,370 $3M $33.55 $2M +41,326 +72.5%
94 VZ 0.04% 74,539 $3M $43.95 $296K +5,675 +8.2%
95 SNY 0.04% 69,279 $3M $47.20 $515K +12,250 +21.5%
96 NVS 0.04% 24,607 $3M $128.24 $178K
97 HSBC 0.04% 44,246 $3M $70.98 $451K
98 AMD 0.04% 18,924 $3M $161.79 $643K +1,878 +11.0%
99 MA 0.04% 5,333 $3M $568.83 $311K +488 +10.1%
100 QQQ 0.04% 5,035 $3M $600.40 $281K +65 +1.3%

New Positions

SymbolValue% Port
LCID $744K 0.01%
STM $672K 0.01%
VGT $648K 0.01%
SMCI $598K 0.01%
BE $475K 0.01%
TER $419K 0.01%
ALAB $340K —%
CRL $333K —%
TNK $324K —%
CGNX $314K —%
IONQ $307K —%
TLN $305K —%
QQQI $301K —%
SPYI $301K —%
QRVO $296K —%

Sold Out Positions

SymbolValue% Port
EMN —%
SLGN —%
SGOV —%
GMED —%
PRMB —%
DAR —%
LUMN —%
KEX —%
STZ —%
KMX —%
CNC —%
EAT —%
GPK —%
CNI —%
KNSL —%
View SEC EDGAR Filings for Forum Financial Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms