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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

Q3 2025 · Filed 2025-10-15
Market Value
$236M
+12.4%
Holdings
91
+4
New Purchases
7
Added To
28
Closed
2
Reduced
24
Top 10 Concentration
60.1%
Turnover
9.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFAC 17.67% 16.59% +1.09% $42M
DFIC 3.46% 3.00% +0.46% $8M
AAPL 2.14% 1.91% +0.22% $5M
DFEM 0.59% 0.40% +0.19% $1M
DFAX 5.86% 5.71% +0.15% $14M
DFAW 0.32% 0.21% +0.11% $754K
CAT 0.10% 0.00% +0.10% $235K
ORCL 0.10% 0.00% +0.10% $225K
ONEQ 0.10% 0.00% +0.10% $225K
RTX 0.09% 0.00% +0.09% $219K
HSBC 0.09% 0.00% +0.09% $214K
NEE 0.09% 0.00% +0.09% $209K
UBER 0.09% 0.00% +0.09% $209K
DFAR 0.87% 0.79% +0.08% $2M
GOOGL 0.41% 0.33% +0.08% $967K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ANAB 0.00% 0.38% -0.38% $0
DXUV 8.39% 8.75% -0.36% $20M
DXIV 5.42% 5.75% -0.33% $13M
DFAU 4.21% 4.40% -0.19% $10M
DFAI 2.37% 2.52% -0.15% $6M
DFUV 2.03% 2.15% -0.13% $5M
V 0.00% 0.11% -0.11% $0
DFUS 3.44% 3.55% -0.11% $8M
DFAS 1.90% 2.00% -0.11% $4M
NFLX 0.28% 0.38% -0.10% $667K
AVGE 2.21% 2.31% -0.10% $5M
DFAT 2.62% 2.72% -0.10% $6M
AMGN 0.84% 0.93% -0.10% $2M
AVDE 2.23% 2.32% -0.09% $5M
AVUS 6.64% 6.72% -0.08% $16M

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 37 $30M 12.6%
Large Cap 33 $141M 59.9%
Mid Cap 7 $17M 7.3%
Small Cap 12 $34M 14.6%
Micro Cap 2 $13M 5.6%

Portfolio Analytics

Avg Market Cap
$523.1B
Median Market Cap
$103.7B
Avg P/E
40.4
Median P/E
28.0
Avg Dividend Yield
0.01%
Avg Beta
0.99
# Stocks
44
# ETFs / Funds
47

Top Holdings (91 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 17.67% 1,081,919 $42M $38.57 $7M +109,844 +11.3%
2 DXUV 8.39% 338,866 $20M $58.44 $1M -17 -0.0%
3 AVUS 6.64% 144,232 $16M $108.70 $2M +4,284 +3.1%
4 DFAX 5.86% 440,901 $14M $31.38 $2M +32,313 +7.9%
5 DXIV 5.42% 207,975 $13M $61.53 $718K -91 -0.0%
6 DFAU 4.21% 217,192 $10M $45.76 $693K -1,078 -0.5%
7 DFIC 3.46% 249,078 $8M $32.79 $2M +46,371 +22.9%
8 DFUS 3.44% 112,189 $8M $72.44 $665K +847 +0.8%
9 DFAT 2.62% 106,186 $6M $58.21 $477K +483 +0.5%
10 DFAI 2.37% 153,848 $6M $36.35 $306K +933 +0.6%
11 DFSD 2.33% 113,978 $5M $48.19 $547K +10,972 +10.7%
12 AVDE 2.23% 66,621 $5M $78.90 $389K +853 +1.3%
13 AVGE 2.21% 62,575 $5M $83.41 $371K -6 -0.0%
14 DFAE 2.17% 162,492 $5M $31.53 $671K +8,686 +5.7%
15 AAPL 2.14% 19,815 $5M $254.64 $1M +223 +1.1%
16 DFUV 2.03% 107,000 $5M $44.69 $258K
17 DFAS 1.90% 65,381 $4M $68.46 $271K -620 -0.9%
18 DFIV 1.61% 82,606 $4M $46.12 $268K -87 -0.1%
19 NVDA 1.49% 18,826 $4M $186.58 $548K +60 +0.3%
20 DUSB 1.34% 62,196 $3M $50.78 $451K +8,859 +16.6%
21 DCOR 1.30% 42,809 $3M $71.94 $199K -288 -0.7%
22 AVUV 1.10% 26,028 $3M $99.53 $219K
23 SPY 1.07% 3,802 $3M $666.18 $184K
24 DFAR 0.87% 85,994 $2M $23.85 $394K +15,368 +21.8%
25 AMGN 0.84% 6,999 $2M $282.18 $13K -27 -0.4%
26 MSFT 0.75% 3,405 $2M $518.02 $63K -14 -0.4%
27 IWR 0.75% 18,222 $2M $96.55 $83K
28 AVEM 0.71% 22,340 $2M $75.11 $174K +391 +1.8%
29 IVV 0.60% 2,103 $1M $669.30 $102K
30 DFEM 0.59% 43,602 $1M $32.07 $549K +14,992 +52.4%
31 DFIP 0.57% 31,609 $1M $42.23 $112K +2,367 +8.1%
32 CVX 0.55% 8,400 $1M $155.28 $98K -23 -0.3%
33 GNR 0.55% 21,799 $1M $59.21 $108K
34 AVDV 0.50% 13,191 $1M $89.03 $129K
35 QQQ 0.50% 1,947 $1M $600.44 $95K
36 TSLA 0.41% 2,176 $968K $444.72 $268K -28 -1.3%
37 GOOGL 0.41% 3,978 $967K $243.07 $268K +12 +0.3%
38 AMZN 0.39% 4,200 $922K $219.58 -$33K -153 -3.5%
39 BRK-B 0.38% 1,763 $886K $502.74 -$35K -134 -7.1%
40 DFSV 0.37% 27,715 $882K $31.84 $76K +297 +1.1%
41 META 0.36% 1,156 $849K $734.38 -$7K -4 -0.3%
42 GOOG 0.36% 3,451 $840K $243.55 $228K
43 AVSU 0.35% 11,263 $829K $73.57 $66K +145 +1.3%
44 DFAW 0.32% 10,489 $754K $71.86 $316K +3,958 +60.6%
45 TSM 0.31% 2,638 $737K $279.29 $139K
46 AVGO 0.31% 2,207 $728K $329.89 $119K -4 -0.2%
47 NFLX 0.28% 556 $667K $1,198.92 -$137K -44 -7.3%
48 SCHF 0.26% 26,752 $623K $23.28 $32K
49 IJR 0.24% 4,846 $576K $118.83 -$73K -1,090 -18.4%
50 BAC 0.19% 8,694 $449K $51.59 $37K
51 BA 0.19% 2,056 $444K $215.83 $13K
52 JPM 0.17% 1,276 $402K $315.36 $35K +7 +0.6%
53 AVSD 0.17% 5,529 $396K $71.55 $22K
54 ROK 0.15% 1,003 $351K $349.53 $17K
55 XOM 0.14% 2,845 $321K $112.73 $14K +1 +0.0%
56 AVES 0.13% 5,490 $315K $57.37 $21K
57 CRWD 0.13% 639 $313K $490.38 -$25K -26 -3.9%
58 VTIP 0.13% 6,184 $313K $50.63 $2K
59 ASML 0.13% 319 $309K $968.09 $53K
60 VTI 0.13% 932 $306K $328.24 $23K
61 IBM 0.13% 1,048 $296K $282.24 -$25K -39 -3.6%
62 MU 0.12% 1,762 $295K $167.28 $78K +2 +0.1%
63 JKD 0.12% 3,188 $295K $92.42 $21K
64 AVNM 0.12% 4,065 $287K $70.60 $30K +136 +3.5%
65 HD 0.12% 708 $287K $405.26 $28K +1 +0.1%
66 LRCX 0.12% 2,060 $276K $133.90 $75K
67 PLTR 0.11% 1,486 $271K $182.42 $48K -150 -9.2%
68 C 0.11% 2,618 $266K $101.50 $52K +103 +4.1%
69 AVRE 0.11% 5,800 $258K $44.48 $2K
70 DIS 0.11% 2,225 $255K $114.48 -$19K +19 +0.9%
71 JNJ 0.11% 1,355 $251K $185.37 $43K -10 -0.7%
72 DUHP 0.10% 6,320 $239K $37.77 $14K
73 VWO 0.10% 4,396 $238K $54.18 $21K
74 CAT 0.10% 493 $235K $477.22 +493 NEW
75 XLK 0.10% 809 $228K $281.71 $23K
76 AVLV 0.10% 3,140 $227K $72.26 $13K
77 SHEL 0.10% 3,148 $225K $71.53 $4K
78 ORCL 0.10% 799 $225K $281.29 +799 NEW
79 ONEQ 0.10% 2,521 $225K $89.13 +2,521 NEW
80 PG 0.09% 1,427 $219K $153.60 -$9K -2 -0.1%
81 RTX 0.09% 1,309 $219K $167.33 +1,309 NEW
82 T 0.09% 7,636 $216K $28.24 -$6K -13 -0.2%
83 AXP 0.09% 646 $215K $332.19 $9K
84 HSBC 0.09% 3,010 $214K $70.98 +3,010 NEW
85 COST 0.09% 229 $212K $925.63 -$32K -17 -6.9%
86 NEE 0.09% 2,775 $209K $75.49 +2,775 NEW
87 UBER 0.09% 2,129 $209K $97.97 +2,129 NEW
88 USA 0.03% 11,719 $74K $6.34 -$6K
89 LYG 0.02% 11,812 $54K $4.54 $3K
90 V —% -$240K -675 -100.0% SOLD
91 ANAB —% -$790K -35,592 -100.0% SOLD

New Positions

SymbolValue% Port
CAT $235K 0.10%
ORCL $225K 0.10%
ONEQ $225K 0.10%
RTX $219K 0.09%
HSBC $214K 0.09%
NEE $209K 0.09%
UBER $209K 0.09%

Sold Out Positions

SymbolValue% Port
V —%
ANAB —%
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