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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

Q4 2025 · Filed 2026-01-22
Market Value
$253M
+7.2%
Holdings
95
+4
New Purchases
6
Added To
35
Closed
5
Reduced
25
Top 10 Concentration
59.6%
Turnover
11.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MAR 0.70% 0.00% +0.70% $2M
DFSD 2.83% 2.33% +0.50% $7M
BSV 0.37% 0.00% +0.37% $944K
SCHW 0.26% 0.00% +0.26% $660K
VTIP 0.39% 0.13% +0.26% $994K
DFAX 6.02% 5.86% +0.16% $15M
LLY 0.11% 0.00% +0.11% $277K
ANAB 0.11% 0.00% +0.11% $271K
AVDE 2.33% 2.23% +0.10% $6M
DFIC 3.55% 3.46% +0.09% $9M
GOOGL 0.50% 0.41% +0.09% $1M
DFSU 0.09% 0.00% +0.09% $225K
AVUS 6.71% 6.64% +0.07% $17M
GOOG 0.43% 0.36% +0.07% $1M
AMGN 0.91% 0.84% +0.07% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DXUV 7.76% 8.39% -0.62% $20M
DXIV 5.23% 5.42% -0.19% $13M
DFAU 4.03% 4.21% -0.18% $10M
AVUV 0.94% 1.10% -0.16% $2M
DFUS 3.29% 3.44% -0.15% $8M
DFAT 2.49% 2.62% -0.13% $6M
DFAE 2.06% 2.17% -0.11% $5M
DFAS 1.79% 1.90% -0.11% $5M
NVDA 1.39% 1.49% -0.10% $4M
MSFT 0.65% 0.75% -0.10% $2M
ORCL 0.00% 0.10% -0.10% $0
ONEQ 0.00% 0.10% -0.10% $0
T 0.00% 0.09% -0.09% $0
COST 0.00% 0.09% -0.09% $0
TSLA 0.32% 0.41% -0.09% $811K

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 $31M 12.2%
Large Cap 36 $154M 60.8%
Mid Cap 8 $20M 7.9%
Small Cap 12 $35M 13.7%
Micro Cap 2 $14M 5.4%

Portfolio Analytics

Avg Market Cap
$508.5B
Median Market Cap
$98.2B
Avg P/E
40.1
Median P/E
28.0
Avg Dividend Yield
0.01%
Avg Beta
0.98
# Stocks
46
# ETFs / Funds
49

Top Holdings (95 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DFAC 17.71% 1,132,662 $45M $39.59 $3M +50,743 +4.7%
2 DXUV 7.76% 328,843 $20M $59.78 -$145K -10,023 -3.0%
3 AVUS 6.71% 152,105 $17M $111.78 $1M +7,873 +5.5%
4 DFAX 6.02% 465,617 $15M $32.73 $1M +24,716 +5.6%
5 DXIV 5.23% 203,655 $13M $65.07 $455K -4,320 -2.1%
6 DFAU 4.03% 218,064 $10M $46.80 $267K +872 +0.4%
7 DFIC 3.55% 260,783 $9M $34.46 $819K +11,705 +4.7%
8 DFUS 3.29% 112,431 $8M $74.17 $212K +242 +0.2%
9 DFSD 2.83% 149,274 $7M $47.95 $2M +35,296 +31.0%
10 DFAT 2.49% 105,843 $6M $59.54 $121K -343 -0.3%
11 DFAI 2.33% 154,947 $6M $38.11 $313K +1,099 +0.7%
12 AVDE 2.33% 71,608 $6M $82.32 $638K +4,987 +7.5%
13 AVGE 2.13% 62,780 $5M $85.91 $174K +205 +0.3%
14 AAPL 2.12% 19,709 $5M $271.86 $313K -106 -0.5%
15 DFAE 2.06% 160,207 $5M $32.57 $95K -2,285 -1.4%
16 DFUV 1.96% 106,548 $5M $46.59 $182K -452 -0.4%
17 DFAS 1.79% 64,944 $5M $69.67 $49K -437 -0.7%
18 DFIV 1.63% 82,576 $4M $49.90 $311K -30 -0.0%
19 NVDA 1.39% 18,849 $4M $186.50 $3K +23 +0.1%
20 DCOR 1.29% 44,468 $3M $73.63 $194K +1,659 +3.9%
21 DUSB 1.25% 62,573 $3M $50.65 $11K +377 +0.6%
22 SPY 1.12% 4,170 $3M $681.92 $311K +368 +9.7%
23 AVUV 0.94% 23,373 $2M $101.98 -$207K -2,655 -10.2%
24 AMGN 0.91% 7,023 $2M $327.29 $324K +24 +0.3%
25 DFAR 0.80% 87,964 $2M $22.90 -$36K +1,970 +2.3%
26 AVEM 0.75% 24,673 $2M $77.02 $222K +2,333 +10.4%
27 IWR 0.71% 18,651 $2M $96.27 $36K +429 +2.4%
28 MAR 0.70% 5,679 $2M $310.25 +5,679 NEW
29 MSFT 0.65% 3,406 $2M $483.63 -$117K +1 +0.0%
30 DFEM 0.59% 45,356 $2M $33.08 $102K +1,754 +4.0%
31 IVV 0.57% 2,103 $1M $684.94 $33K
32 GNR 0.53% 21,799 $1M $62.14 $64K
33 DFIP 0.52% 31,589 $1M $41.56 -$22K -20 -0.1%
34 CVX 0.50% 8,360 $1M $152.41 -$30K -40 -0.5%
35 GOOGL 0.50% 4,038 $1M $312.97 $297K +60 +1.5%
36 AVDV 0.48% 12,858 $1M $93.97 $34K -333 -2.5%
37 QQQ 0.47% 1,947 $1M $614.41 $27K
38 GOOG 0.43% 3,451 $1M $313.80 $242K
39 AMZN 0.39% 4,308 $994K $230.83 $72K +108 +2.6%
40 VTIP 0.39% 20,099 $994K $49.46 $681K +13,915 +225.0%
41 BSV 0.37% 11,978 $944K $78.81 +11,978 NEW
42 DFSV 0.36% 27,835 $916K $32.89 $33K +120 +0.4%
43 BRK-B 0.35% 1,759 $884K $502.65 -$2K -4 -0.2%
44 AVSU 0.34% 11,263 $859K $76.30 $31K
45 DFAW 0.33% 11,289 $835K $73.98 $81K +800 +7.6%
46 TSLA 0.32% 1,803 $811K $449.72 -$157K -373 -17.1%
47 TSM 0.32% 2,638 $802K $303.89 $65K
48 AVGO 0.31% 2,237 $774K $346.10 $46K +30 +1.4%
49 META 0.31% 1,172 $774K $660.09 -$75K +16 +1.4%
50 SCHW 0.26% 6,609 $660K $99.92 +6,609 NEW
51 SCHF 0.25% 26,752 $643K $24.04 $20K
52 IJR 0.23% 4,846 $582K $120.18 $7K
53 NFLX 0.21% 5,710 $535K $93.76 -$131K +5,154 +927.0%
54 BAC 0.19% 8,694 $478K $55.00 $30K
55 BA 0.18% 2,056 $446K $217.12 $3K
56 AVNM 0.18% 6,048 $445K $73.52 $158K +1,983 +48.8%
57 JPM 0.16% 1,276 $411K $322.18 $9K
58 AVSD 0.16% 5,529 $411K $74.26 $15K
59 MU 0.16% 1,432 $409K $285.47 $114K -330 -18.7%
60 ROK 0.15% 1,003 $390K $389.07 $40K
61 LRCX 0.14% 2,060 $353K $171.18 $77K
62 XOM 0.14% 2,911 $350K $120.33 $30K +66 +2.3%
63 ASML 0.13% 319 $341K $1,069.86 $32K
64 AVES 0.13% 5,490 $320K $58.31 $5K
65 AVRE 0.12% 7,202 $314K $43.53 $56K +1,402 +24.2%
66 C 0.12% 2,618 $305K $116.69 $40K
67 JKD 0.12% 3,188 $301K $94.38 $6K
68 VTI 0.12% 882 $296K $335.36 -$10K -50 -5.4%
69 JNJ 0.12% 1,427 $295K $206.90 $44K +72 +5.3%
70 IBM 0.12% 995 $295K $296.30 -$970 -53 -5.1%
71 CAT 0.11% 493 $282K $572.96 $47K
72 LLY 0.11% 258 $277K $1,073.66 +258 NEW
73 ANAB 0.11% 5,592 $271K $48.48 +5,592 NEW
74 DIS 0.10% 2,215 $252K $113.75 -$3K -10 -0.5%
75 HD 0.10% 705 $243K $344.16 -$44K -3 -0.4%
76 DUHP 0.10% 6,372 $242K $38.03 $4K +52 +0.8%
77 RTX 0.09% 1,309 $240K $183.40 $21K
78 PLTR 0.09% 1,347 $239K $177.75 -$32K -139 -9.3%
79 CRWD 0.09% 510 $239K $468.76 -$74K -129 -20.2%
80 HSBC 0.09% 3,010 $237K $78.67 $23K
81 VWO 0.09% 4,396 $236K $53.76 -$2K
82 XLK 0.09% 1,617 $233K $143.98 $5K +808 +99.9%
83 SHEL 0.09% 3,145 $231K $73.48 $6K -3 -0.1%
84 DFSU 0.09% 5,178 $225K $43.43 +5,178 NEW
85 NEE 0.09% 2,781 $223K $80.28 $14K +6 +0.2%
86 AXP 0.09% 589 $218K $370.16 $3K -57 -8.8%
87 AVLV 0.08% 2,728 $207K $75.77 -$20K -412 -13.1%
88 PG 0.08% 1,419 $203K $143.27 -$16K -8 -0.6%
89 USA 0.03% 11,719 $74K $6.28 -$703
90 LYG 0.02% 11,812 $63K $5.30 $9K
91 T —% -$216K -7,636 -100.0% SOLD
92 UBER —% -$209K -2,129 -100.0% SOLD
93 COST —% -$212K -229 -100.0% SOLD
94 ORCL —% -$225K -799 -100.0% SOLD
95 ONEQ —% -$225K -2,521 -100.0% SOLD

New Positions

SymbolValue% Port
MAR $2M 0.70%
BSV $944K 0.37%
SCHW $660K 0.26%
LLY $277K 0.11%
ANAB $271K 0.11%
DFSU $225K 0.09%

Sold Out Positions

SymbolValue% Port
T —%
UBER —%
COST —%
ONEQ —%
ORCL —%
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