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Asset Manager ← All Institutions

Forum Financial Management, LP

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

Q4 2025 · Filed 2026-01-27
Market Value
$7.7B
+5.2%
Holdings
1,046
+1
New Purchases
55
Added To
429
Closed
52
Reduced
283
Top 10 Concentration
74.9%
Turnover
10.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTI 0.25% 0.10% +0.16% $19M
AMGN 1.50% 1.36% +0.14% $115M
DFAT 7.91% 7.78% +0.14% $608M
OKE 0.15% 0.01% +0.13% $11M
GOOG 0.61% 0.50% +0.12% $47M
GOOGL 0.57% 0.47% +0.10% $44M
ET 0.09% 0.02% +0.07% $7M
TOTB.DE 0.07% 0.00% +0.07% $5M
DUHP 3.97% 3.90% +0.07% $305M
BSM 0.05% 0.00% +0.05% $4M
MPLX 0.04% 0.00% +0.04% $3M
LLY 0.12% 0.09% +0.03% $9M
AMZN 0.38% 0.35% +0.03% $30M
ABBV 0.22% 0.20% +0.02% $17M
DFAC 21.17% 21.16% +0.02% $1.6B

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFGP 4.41% 4.60% -0.19% $339M
VGLT 0.54% 0.65% -0.11% $41M
TTE 0.00% 0.06% -0.06% $0
MSFT 0.59% 0.64% -0.06% $45M
HYD 0.83% 0.89% -0.06% $64M
DFGR 5.72% 5.78% -0.06% $440M
VTEB 0.85% 0.91% -0.05% $65M
META 0.33% 0.38% -0.05% $26M
DFIP 0.09% 0.14% -0.05% $7M
TLH 11.25% 11.30% -0.05% $864M
DFUS 1.16% 1.20% -0.05% $89M
DFCF 0.08% 0.11% -0.03% $6M
ORCL 0.04% 0.06% -0.02% $3M
ALL 0.04% 0.06% -0.02% $3M
DFAX 0.47% 0.48% -0.02% $36M

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 78 $661M 8.6%
Large Cap 690 $4.9B 64.4%
Mid Cap 230 $2.0B 26.0%
Small Cap 40 $73M 1.0%
Micro Cap 8 $701K 0.0%

Portfolio Analytics

Avg Market Cap
$92.7B
Median Market Cap
$22.2B
Avg P/E
34.4
Median P/E
22.6
Avg Dividend Yield
0.02%
Avg Beta
1.05
# Stocks
910
# ETFs / Funds
136

Top Holdings (1,046 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 21.17% 41,068,700 $1.6B $39.59 $82M +1,029,990 +2.6%
2 TLH 11.25% 8,500,234 $864M $101.67 $39M +488,995 +6.1%
3 DFAT 7.91% 10,207,476 $608M $59.54 $40M +454,334 +4.7%
4 DFEM 7.58% 17,585,374 $582M $33.08 $29M +347,743 +2.0%
5 DFIC 7.42% 16,536,165 $570M $34.46 $27M -13,519 -0.1%
6 DFGR 5.72% 16,638,902 $440M $26.42 $18M +1,187,688 +7.7%
7 DFGP 4.41% 6,260,951 $339M $54.07 $3M +219,499 +3.6%
8 DUHP 3.97% 8,017,707 $305M $38.03 $20M +472,714 +6.3%
9 DISV 2.88% 5,821,654 $221M $38.00 $10M -87,097 -1.5%
10 DIHP 2.59% 6,269,840 $199M $31.67 $10M +51,072 +0.8%
11 AMGN 1.50% 350,762 $115M $327.31 $16M +149 +0.0%
12 DFUS 1.16% 1,196,915 $89M $74.17 $972K -15,169 -1.2%
13 AAPL 1.15% 325,788 $89M $271.86 $5M -2,216 -0.7%
14 VTEB 0.85% 1,301,171 $65M $50.29 -$768K -21,060 -1.6%
15 HYD 0.83% 1,252,071 $64M $51.12 -$994K -24,945 -1.9%
16 DFUV 0.72% 1,190,941 $55M $46.59 $2M -9,897 -0.8%
17 GOOG 0.61% 149,710 $47M $313.80 $11M +1,232 +0.8%
18 MSFT 0.59% 92,945 $45M $483.62 -$2M +2,288 +2.5%
19 GOOGL 0.57% 141,036 $44M $313.00 $10M -611 -0.4%
20 VGLT 0.54% 743,010 $41M $55.80 -$6M -90,444 -10.8%
21 DFIS 0.50% 1,156,857 $38M $32.94 $2M
22 DFAX 0.47% 1,093,036 $36M $32.73 $667K -25,754 -2.3%
23 NVDA 0.39% 162,573 $30M $186.50 $1M +5,485 +3.5%
24 AMZN 0.38% 127,950 $30M $230.82 $4M +10,052 +8.5%
25 JPM 0.36% 84,993 $27M $322.22 $840K +834 +1.0%
26 PLTR 0.36% 153,755 $27M $177.75 $267K +5,402 +3.6%
27 META 0.33% 38,673 $26M $660.10 -$2M +591 +1.6%
28 VTI 0.25% 58,057 $19M $335.27 $12M +36,626 +170.9%
29 DFIV 0.25% 382,857 $19M $49.90 $1M -5,139 -1.3%
30 DFSU 0.25% 439,653 $19M $43.43 $783K +8,522 +2.0%
31 ABBV 0.22% 72,626 $17M $228.49 $2M +10,481 +16.9%
32 DFSE 0.21% 395,289 $16M $41.48 $77K -1,874 -0.5%
33 BSVO 0.20% 656,352 $15M $23.30 $372K -2,372 -0.4%
34 VGSR 0.18% 1,310,370 $14M $10.40 $270K +56,065 +4.5%
35 AVGO 0.16% 35,710 $12M $346.10 $1M +1,460 +4.3%
36 DFSI 0.16% 285,878 $12M $42.85 $498K -1,069 -0.4%
37 XOM 0.15% 95,236 $11M $120.34 $926K +1,798 +1.9%
38 OKE 0.15% 154,564 $11M $73.50 $10M +141,445 +1078.2%
39 SPY 0.15% 16,603 $11M $681.95 $286K +36 +0.2%
40 DFAS 0.13% 148,562 $10M $69.67 -$181K -5,271 -3.4%
41 TSLA 0.12% 20,892 $9M $449.72 $695K +1,328 +6.8%
42 LLY 0.12% 8,666 $9M $1,074.62 $3M +198 +2.3%
43 DFAR 0.12% 400,711 $9M $22.90 -$401K -857 -0.2%
44 WMT 0.11% 73,969 $8M $111.41 $742K +1,205 +1.7%
45 ABT 0.10% 64,237 $8M $125.29 -$381K +1,305 +2.1%
46 VOO 0.10% 12,251 $8M $627.10 $250K +114 +0.9%
47 JNJ 0.10% 35,434 $7M $206.95 $743K -109 -0.3%
48 ET 0.09% 430,948 $7M $16.49 $5M +328,988 +322.7%
49 DE 0.09% 14,993 $7M $465.58 $128K +8 +0.1%
50 DFIP 0.09% 164,063 $7M $41.56 -$3M -76,170 -31.7%
51 BAC 0.09% 121,908 $7M $55.00 $400K -311 -0.2%
52 OUNZ 0.09% 160,123 $7M $41.48 $687K
53 IWF 0.09% 13,937 $7M $473.29 -$4K -155 -1.1%
54 IVV 0.08% 9,367 $6M $684.92 $360K +319 +3.5%
55 DFCF 0.08% 147,033 $6M $42.56 -$2M -39,318 -21.1%
56 HD 0.08% 16,825 $6M $344.11 -$730K +734 +4.6%
57 WFC 0.07% 59,483 $6M $93.20 $558K -1
58 MS 0.07% 30,489 $5M $177.53 $152K -2,605 -7.9%
59 CVX 0.07% 34,381 $5M $152.41 -$483K -2,472 -6.7%
60 TOTB.DE 0.07% 79,459 $5M $65.42 +79,459 NEW
61 MUFG 0.07% 322,044 $5M $15.86 -$26K
62 MU 0.07% 17,586 $5M $285.40 $76K -11,955 -40.5%
63 COST 0.06% 5,663 $5M $862.32 -$473K -124 -2.1%
64 TBIL 0.06% 95,989 $5M $49.88 -$303K -5,821 -5.7%
65 PG 0.06% 32,398 $5M $143.31 -$403K -441 -1.3%
66 DFSV 0.06% 140,472 $5M $32.89 $106K -1,294 -0.9%
67 BHP 0.06% 75,967 $5M $60.37 $351K
68 MAR 0.06% 14,644 $5M $310.25 $658K -273 -1.8%
69 CAT 0.06% 7,914 $5M $572.91 $930K +362 +4.8%
70 SAP 0.06% 18,378 $4M $242.91 -$450K -12 -0.1%
71 TM 0.06% 20,477 $4M $214.06 $470K
72 AMD 0.06% 20,297 $4M $214.16 $1M +1,373 +7.3%
73 GS 0.05% 4,790 $4M $878.89 $410K +18 +0.4%
74 WTM 0.05% 2,016 $4M $2,078.03 $820K
75 0HQN.L 0.05% 16,658 $4M $251.00 -$4K -408 -2.4%
76 V 0.05% 11,721 $4M $350.70 $15K -278 -2.3%
77 OSBC 0.05% 208,884 $4M $19.50 $351K -6,487 -3.0%
78 SMFG 0.05% 209,587 $4M $19.33 $543K
79 COF 0.05% 16,616 $4M $242.37 $250K -1,154 -6.5%
80 BSM 0.05% 300,000 $4M $13.29 +300,000 NEW
81 C 0.05% 33,511 $4M $116.69 $528K +191 +0.6%
82 VEA 0.05% 62,573 $4M $62.47 $188K +478 +0.8%
83 DIS 0.05% 34,208 $4M $113.77 $3K +243 +0.7%
84 CSCO 0.05% 50,494 $4M $77.03 $566K +1,922 +4.0%
85 T 0.05% 156,536 $4M $24.84 -$825K -10,379 -6.2%
86 MCD 0.05% 12,124 $4M $305.63 $54K +107 +0.9%
87 SHV 0.05% 33,548 $4M $110.15 $311K +2,920 +9.5%
88 QQQ 0.05% 6,016 $4M $614.23 $672K +981 +19.5%
89 VUG 0.05% 7,452 $4M $487.87 $6K -117 -1.6%
90 DB 0.05% 94,166 $4M $38.56 $297K
91 AVUS 0.05% 32,231 $4M $111.78 -$271K -3,405 -9.6%
92 NVS 0.05% 25,365 $3M $137.87 $341K +758 +3.1%
93 HSBC 0.05% 44,246 $3M $78.67 $340K
94 INTC 0.05% 93,915 $3M $36.90 $165K -4,455 -4.5%
95 GE 0.04% 11,142 $3M $308.02 $64K -53 -0.5%
96 ALL 0.04% 16,317 $3M $208.15 -$1M -4,878 -23.0%
97 SNY 0.04% 69,279 $3M $48.46 $87K
98 MPLX 0.04% 61,770 $3M $53.37 +61,770 NEW
99 NFLX 0.04% 34,606 $3M $93.76 -$800K +31,232 +925.7%
100 ERIC 0.04% 326,980 $3M $9.65 $451K

New Positions

SymbolValue% Port
TOTB.DE $5M 0.07%
BSM $4M 0.05%
MPLX $3M 0.04%
FBTC $861K 0.01%
RKT $638K 0.01%
OLED $575K 0.01%
CEF $472K 0.01%
ICLR $379K —%
AKAM $339K —%
APA $336K —%
Q $327K —%
WELL $289K —%
EXAS $277K —%
BBIO $276K —%
AEIS $274K —%

Sold Out Positions

SymbolValue% Port
ATR —%
MTDR —%
PB —%
GBCI —%
HUBS —%
MUSA —%
FDS —%
IEX —%
KD —%
LOAR —%
DVA —%
DOCS —%
UL —%
CLX —%
CABO —%
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