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Asset Manager ← All Institutions

FMB WEALTH MANAGEMENT

100 N WESTLAKE BLVD STE 201, WESTLAKE VILLAGE, CA 91362-3764 • 805-446-4494

Q2 2025 · Filed 2025-07-18
Market Value
$210M
+16.2%
Holdings
87
+11
New Purchases
12
Added To
30
Closed
3
Reduced
27
Top 10 Concentration
59.7%
Turnover
17.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFAC 16.59% 15.60% +0.99% $35M
DFIC 3.00% 2.06% +0.94% $6M
AVUS 6.72% 6.39% +0.33% $14M
DFAX 5.71% 5.39% +0.32% $12M
DUSB 1.29% 1.00% +0.29% $3M
NVDA 1.41% 1.13% +0.29% $3M
AVEM 0.72% 0.46% +0.26% $2M
AVSD 0.18% 0.00% +0.18% $374K
AVSU 0.36% 0.21% +0.15% $763K
AVNM 0.12% 0.00% +0.12% $257K
MSFT 0.81% 0.69% +0.12% $2M
V 0.11% 0.00% +0.11% $240K
DUHP 0.11% 0.00% +0.11% $225K
PLTR 0.11% 0.00% +0.11% $223K
VWO 0.10% 0.00% +0.10% $217K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DXUV 8.75% 9.47% -0.72% $18M
DFAU 4.40% 4.87% -0.47% $9M
DFCA 0.00% 0.34% -0.34% $0
DFAT 2.72% 3.03% -0.32% $6M
AMGN 0.93% 1.23% -0.30% $2M
DXIV 5.75% 6.03% -0.28% $12M
DFUV 2.15% 2.41% -0.26% $5M
AAPL 1.91% 2.14% -0.23% $4M
DFSD 2.35% 2.58% -0.22% $5M
DFAS 2.00% 2.22% -0.22% $4M
CVX 0.57% 0.76% -0.19% $1M
AVUV 1.13% 1.29% -0.16% $2M
QQQ 0.51% 0.65% -0.14% $1M
DFCF 0.00% 0.13% -0.13% $0
DFSV 0.38% 0.51% -0.13% $807K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 92.0%
Technology 3.5%
Healthcare 1.2%
Consumer Cyclical 1.2%
Communication Services 0.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 34 $26M 12.3%
Large Cap 31 $125M 59.4%
Mid Cap 7 $16M 7.6%
Small Cap 13 $31M 14.8%
Micro Cap 2 $12M 5.9%

Portfolio Analytics

Avg Market Cap
$537.5B
Median Market Cap
$68.4B
Avg P/E
42.5
Median P/E
28.1
Avg Dividend Yield
0.01%
Avg Beta
0.97
# Stocks
39
# ETFs / Funds
48

Top Holdings (87 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 16.59% 972,075 $35M $35.84 $7M +117,269 +13.7%
2 DXUV 8.75% 338,883 $18M $54.23 $1M -1,572 -0.5%
3 AVUS 6.72% 139,948 $14M $100.82 $3M +14,863 +11.9%
4 DXIV 5.75% 208,066 $12M $58.05 $1M -2,052 -1.0%
5 DFAX 5.71% 408,588 $12M $29.37 $2M +36,662 +9.9%
6 DFAU 4.40% 218,270 $9M $42.36 $448K -10,613 -4.6%
7 DFUS 3.55% 111,342 $7M $67.02 $912K +3,046 +2.8%
8 DFIC 3.00% 202,707 $6M $31.09 $3M +68,686 +51.2%
9 DFAT 2.72% 105,703 $6M $53.96 $218K -834 -0.8%
10 DFAI 2.52% 152,915 $5M $34.57 $508K -89 -0.1%
11 DFSD 2.35% 103,006 $5M $48.01 $287K +4,980 +5.1%
12 AVDE 2.32% 65,768 $5M $74.01 $597K +1,327 +2.1%
13 AVGE 2.31% 62,581 $5M $77.48 $522K +1,797 +3.0%
14 DFUV 2.15% 107,000 $5M $42.28 $165K +1,225 +1.2%
15 DFAE 2.12% 153,806 $4M $28.95 $794K +12,501 +8.8%
16 DFAS 2.00% 66,001 $4M $63.71 $189K -1,206 -1.8%
17 AAPL 1.91% 19,592 $4M $205.17 $146K +2,155 +12.4%
18 DFIV 1.69% 82,693 $4M $42.83 $282K -114 -0.1%
19 NVDA 1.41% 18,766 $3M $157.99 $930K -13 -0.1%
20 DCOR 1.37% 43,097 $3M $66.85 $270K +519 +1.2%
21 DUSB 1.29% 53,337 $3M $50.75 $897K +17,653 +49.5%
22 AVUV 1.13% 26,028 $2M $91.10 $44K -665 -2.5%
23 SPY 1.12% 3,802 $2M $617.85 $222K -1 -0.0%
24 AMGN 0.93% 7,026 $2M $279.19 -$265K -121 -1.7%
25 MSFT 0.81% 3,419 $2M $497.41 $456K +105 +3.2%
26 IWR 0.80% 18,222 $2M $91.97 $126K
27 DFAR 0.79% 70,626 $2M $23.46 $388K +17,256 +32.3%
28 AVEM 0.72% 21,949 $2M $68.54 $673K +8,133 +58.9%
29 IVV 0.62% 2,103 $1M $620.90 $80K -78 -3.6%
30 DFIP 0.58% 29,242 $1M $41.81 -$35K -632 -2.1%
31 CVX 0.57% 8,423 $1M $143.20 -$168K +208 +2.5%
32 GNR 0.56% 21,799 $1M $54.24 $22K
33 QQQ 0.51% 1,947 $1M $551.70 -$105K -568 -22.6%
34 AVDV 0.50% 13,191 $1M $79.28 $126K
35 AMZN 0.45% 4,353 $955K $219.40 $124K -17 -0.4%
36 BRK-B 0.44% 1,897 $922K $485.77 -$15K +138 +7.8%
37 META 0.41% 1,160 $856K $738.09 $185K -4 -0.3%
38 DFEM 0.40% 28,610 $849K $29.68 -$90K -6,867 -19.4%
39 DFSV 0.38% 27,418 $807K $29.43 -$122K -5,577 -16.9%
40 NFLX 0.38% 600 $803K $1,339.13 $276K +34 +6.0%
41 ANAB 0.38% 35,592 $790K $22.20 $128K
42 AVSU 0.36% 11,118 $763K $68.60 $378K +4,955 +80.4%
43 TSLA 0.33% 2,204 $700K $317.66 $115K -54 -2.4%
44 GOOGL 0.33% 3,966 $699K $176.25 $93K +49 +1.2%
45 IJR 0.31% 5,936 $649K $109.29 $28K
46 GOOG 0.29% 3,451 $612K $177.39 $70K -17 -0.5%
47 AVGO 0.29% 2,211 $609K $275.62 $237K -11 -0.5%
48 TSM 0.28% 2,638 $597K $226.49 $160K
49 SCHF 0.28% 26,752 $591K $22.10 $62K
50 DFAW 0.21% 6,531 $438K $67.08 $124K +1,400 +27.3%
51 BA 0.21% 2,056 $431K $209.53 $80K +1 +0.1%
52 BAC 0.20% 8,694 $411K $47.32 $49K +1 +0.0%
53 AVSD 0.18% 5,529 $374K $67.55 +5,529 NEW
54 JPM 0.18% 1,269 $368K $289.82 $63K +25 +2.0%
55 CRWD 0.16% 665 $339K $509.31 $107K +9 +1.4%
56 ROK 0.16% 1,003 $333K $332.17 $73K -2 -0.2%
57 IBM 0.15% 1,087 $321K $294.86 $42K -34 -3.0%
58 VTIP 0.15% 6,184 $311K $50.27 $2K
59 XOM 0.15% 2,844 $307K $107.82 -$32K -4 -0.1%
60 AVES 0.14% 5,490 $294K $53.55 $35K
61 VTI 0.13% 932 $283K $303.99 $27K
62 DIS 0.13% 2,206 $274K $123.98 $39K -167 -7.0%
63 JKD 0.13% 3,188 $273K $85.78 $27K
64 HD 0.12% 707 $259K $366.71 -$993 -3 -0.4%
65 AVNM 0.12% 3,929 $257K $65.31 +3,929 NEW
66 AVRE 0.12% 5,800 $256K $44.16 $30K +533 +10.1%
67 ASML 0.12% 319 $256K $801.39 $44K
68 COST 0.12% 246 $244K $990.09 $25K +15 +6.5%
69 V 0.11% 675 $240K $354.84 +675 NEW
70 PG 0.11% 1,429 $228K $159.37 -$14K +8 +0.6%
71 DUHP 0.11% 6,320 $225K $35.56 +6,320 NEW
72 PLTR 0.11% 1,636 $223K $136.32 +1,636 NEW
73 SHEL 0.11% 3,148 $222K $70.41 -$9K
74 T 0.11% 7,649 $221K $28.94 $10K +190 +2.5%
75 VWO 0.10% 4,396 $217K $49.46 +4,396 NEW
76 MU 0.10% 1,760 $217K $123.28 +1,760 NEW
77 AVLV 0.10% 3,140 $214K $68.21 +3,140 NEW
78 C 0.10% 2,515 $214K $85.12 +2,515 NEW
79 JNJ 0.10% 1,365 $208K $152.71 -$24K -40 -2.9%
80 AXP 0.10% 646 $206K $318.83 +646 NEW
81 XLK 0.10% 809 $205K $253.09 +809 NEW
82 LRCX 0.10% 2,060 $201K $97.34 +2,060 NEW
83 USA 0.04% 11,719 $80K $6.81 $3K
84 LYG 0.02% 11,812 $50K $4.25 $5K
85 LLY —% -$208K -252 -100.0% SOLD
86 DFCA —% -$618K -12,458 -100.0% SOLD
87 DFCF —% -$236K -5,601 -100.0% SOLD

New Positions

SymbolValue% Port
AVSD $374K 0.18%
AVNM $257K 0.12%
V $240K 0.11%
DUHP $225K 0.11%
PLTR $223K 0.11%
VWO $217K 0.10%
MU $217K 0.10%
AVLV $214K 0.10%
C $214K 0.10%
AXP $206K 0.10%
XLK $205K 0.10%
LRCX $201K 0.10%

Sold Out Positions

SymbolValue% Port
LLY —%
DFCF —%
DFCA —%
View SEC EDGAR Filings for FMB WEALTH MANAGEMENT →

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