FMB WEALTH MANAGEMENT
CIK 2040224 · View on SEC EDGAR ↗
- Portfolio value
- $269.5M
- Positions
- 74
- As of
- June 30, 2026
#5,499 of 9,443 by 13F value · top 58.2%
Portfolio value QoQ: +12.5% 13F does not disclose cash
- Top 10 holdings weight
- 64.25%
- Top 25 holdings weight
- 87.50%
- Positions above 1%
- 22
- Effective number of positions
- 15.0
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.88% Est. buys $5,867,939 · sells $2,239,089
Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 72.5% still held
- New positions
- 3
- Increased
- 37
- Decreased
- 18
- Closed
- 2
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
3.7%
Healthcare
1.1%
Consumer Discretionary
1.0%
Communication Services
0.8%
Energy
0.5%
Industrials
0.3%
Financial Services
0.2%
Retail
0.2%
Financials
0.2%
Other/Unmapped
92.1%
Full portfolio 74 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| DFAC | $51,137,434 | 18.97% | 1,152,783 | $6,959,627 | Up ×6 | ||
| DXUV | $21,769,802 | 8.08% | 327,365 | $2,324,564 | Down ×6 | ||
| AVUS | $21,720,829 | 8.06% | 169,588 | $2,913,737 | Up ×6 | ||
| DFAX | $17,116,907 | 6.35% | 464,628 | $927,190 | Down ×1 | ||
| DXIV | $14,127,803 | 5.24% | 201,822 | $417,347 | Down ×6 | ||
| DFIC | $11,272,006 | 4.18% | 302,523 | $1,338,139 | Up ×6 | ||
| DFAU | $11,204,187 | 4.16% | 216,757 | $1,393,549 | Down ×2 | ||
| DFUS | $9,091,489 | 3.37% | 110,953 | $1,046,755 | Down ×1 | ||
| DFSD | $8,510,877 | 3.16% | 178,238 | $880,144 | Up ×6 | ||
| DFAT | $7,213,541 | 2.68% | 103,198 | $638,348 | Down ×3 | ||
| AVDE | $6,889,254 | 2.56% | 77,234 | $411,070 | Up ×5 | ||
| AVGE | $6,150,597 | 2.28% | 62,065 | $694,051 | Up ×1 | ||
| DFUV | $5,706,445 | 2.12% | 103,735 | $584,287 | Down ×3 | ||
| DFAI | $5,232,289 | 1.94% | 126,843 | $297,467 | Up ×1 | ||
| DFAS | $5,054,951 | 1.88% | 61,391 | $594,414 | Down ×6 | ||
| DCOR | $4,624,633 | 1.72% | 56,412 | $1,261,885 | Up ×3 | ||
| AAPL Apple Inc. - Common Stock | $4,375,073 | 1.62% | 15,120 | $530,374 | Down ×3 | ||
| DFIV | $4,354,377 | 1.62% | 80,607 | $71,451 | Down ×6 | ||
| DFAE | $3,388,053 | 1.26% | 84,259 | $508,420 | Down ×3 | ||
| VTI | $3,258,677 | 1.21% | 8,806 | $433,540 | |||
| DUSB | $3,072,570 | 1.14% | 60,507 | $-83,218 | Down ×2 | ||
| AVUV | $2,916,015 | 1.08% | 23,373 | $334,000 | |||
| NVDA NVIDIA Corporation - Common Stock | $2,577,286 | 0.96% | 12,881 | $433,724 | Up ×4 | ||
| AVEM | $2,536,047 | 0.94% | 26,283 | $423,401 | Up ×6 | ||
| DFAR | $2,519,858 | 0.93% | 96,325 | $289,262 | Up ×6 | ||
| AMGN Amgen Inc. - Common Stock | $2,322,472 | 0.86% | 6,414 | $130,256 | Up ×1 | ||
| MAR Marriott International - Class A Common Stock | $2,069,837 | 0.77% | 5,585 | $244,063 | Up ×1 | ||
| DFEM | $2,004,064 | 0.74% | 49,313 | $456,572 | Up ×1 | ||
| IVV | $1,593,638 | 0.59% | 2,128 | $203,607 | |||
| DFIP | $1,475,104 | 0.55% | 35,756 | $157,211 | Up ×1 | ||
| QQQ Invesco QQQ Trust, Series 1 | $1,434,042 | 0.53% | 1,947 | $310,060 | |||
| AVDV | $1,300,537 | 0.48% | 12,620 | $16,492 | Down ×1 | ||
| CVX Chevron Corporation Common Stock | $1,266,573 | 0.47% | 7,641 | $-310,749 | Up ×1 | ||
| MU Micron Technology, Inc. - Common Stock | $1,221,116 | 0.45% | 1,058 | $835,099 | Down ×1 | ||
| DFSV | $1,080,981 | 0.40% | 27,868 | $113,337 | Up ×1 | ||
| DFAW | $1,038,292 | 0.39% | 12,541 | $133,628 | Up ×6 | ||
| AVSU | $1,025,150 | 0.38% | 11,581 | $169,025 | |||
| VO | $984,004 | 0.37% | 12,213 | $108,105 | Up ×1 | ||
| VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares | $948,543 | 0.35% | 18,884 | $-157,350 | Down ×1 | ||
| BSV | $878,282 | 0.33% | 11,273 | $-26,023 | Down ×2 | ||
| GOOGL Alphabet Inc. - Class A Common Stock | $744,644 | 0.28% | 2,084 | $161,577 | Up ×1 | ||
| SCHF | $741,030 | 0.27% | 26,752 | $78,918 | |||
| GOOG Alphabet Inc. - Class C Capital Stock | $681,574 | 0.25% | 1,929 | $151,457 | Up ×1 | ||
| LRCX Lam Research Corporation - Common Stock | $657,362 | 0.24% | 1,517 | $336,872 | Up ×2 | ||
| AVNM | $573,941 | 0.21% | 6,967 | $43,265 | |||
| SCHW Charles Schwab Corporation (The) Common Stock | $571,656 | 0.21% | 6,195 | $-9,373 | Up ×1 | ||
| BRKB | $536,918 | 0.20% | 1,073 | $29,445 | Up ×1 | ||
| MSFT Microsoft Corporation - Common Stock | $510,466 | 0.19% | 1,368 | $33,780 | Up ×3 | ||
| TSLA Tesla, Inc. - Common Stock | $504,725 | 0.19% | 1,200 | $58,620 | |||
| ROK Rockwell Automation, Inc. Common Stock | $475,277 | 0.18% | 960 | $131,470 | Up ×1 | ||
| AVSD | $441,681 | 0.16% | 5,529 | $34,487 | |||
| AMZN Amazon.com, Inc. - Common Stock | $407,136 | 0.15% | 1,708 | $56,573 | Up ×3 | ||
| DFCA | $403,497 | 0.15% | 8,041 | ||||
| AVRE | $379,514 | 0.14% | 8,010 | $45,798 | Up ×3 | ||
| ANAB AnaptysBio, Inc. - Common Stock | $377,460 | 0.14% | 5,592 | $67,328 | |||
| CAT Caterpillar, Inc. Common Stock | $368,533 | 0.14% | 346 | $130,439 | Up ×2 | ||
| AVES | $360,144 | 0.13% | 5,490 | $30,854 | |||
| BAC Bank of America Corporation Common Stock | $351,510 | 0.13% | 6,169 | $53,647 | Up ×1 | ||
| ILCB | $330,436 | 0.12% | 3,188 | $43,962 | |||
| NFLX Netflix, Inc. - Common Stock | $317,730 | 0.12% | 4,450 | $-108,215 | Up ×1 | ||
| DFSU | $312,887 | 0.12% | 6,710 | $37,173 | |||
| META Meta Platforms, Inc. - Class A Common Stock | $309,246 | 0.11% | 549 | $15,743 | Up ×3 | ||
| XLK XLK | $308,094 | 0.11% | 1,617 | $93,178 | |||
| C Citigroup, Inc. Common Stock | $306,655 | 0.11% | 2,191 | $59,873 | Up ×1 | ||
| MRVL Marvell Technology, Inc. - Common Stock | $284,504 | 0.11% | 955 | Up ×1 | |||
| VWO | $262,397 | 0.10% | 4,396 | $24,793 | |||
| AVLV | $252,386 | 0.09% | 2,767 | $32,475 | Up ×1 | ||
| SPY SPY | $243,447 | 0.09% | 326 | $15,178 | Down ×2 | ||
| DUHP | $235,983 | 0.09% | 5,655 | $1,748 | Down ×1 | ||
| JNJ Johnson & Johnson Common Stock | $227,463 | 0.08% | 896 | $12,446 | Up ×3 | ||
| IBM International Business Machines Corporation Common Stock | $204,522 | 0.08% | 727 | ||||
| XOM Exxon Mobil Corporation Common Stock | $201,502 | 0.07% | 1,474 | $-39,540 | Up ×1 | ||
| AVGO Broadcom Inc. - Common Stock | $89,705 | 0.03% | 237 | $30,503 | Up ×3 | ||
| USA Liberty All-Star Equity Fund Common Stock | $68,087 | 0.03% | 11,719 | $3,047 | |||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
| Security | Value | % of portfolio | Streak |
|---|---|---|---|
| DFAC | $51,137,434 | 18.97% | up ×6 |
| AVUS | $21,720,829 | 8.06% | up ×6 |
| DFIC | $11,272,006 | 4.18% | up ×6 |
| DFSD | $8,510,877 | 3.16% | up ×6 |
| AVDE | $6,889,254 | 2.56% | up ×5 |
| DCOR | $4,624,633 | 1.72% | up ×3 |
| NVDA | $2,577,286 | 0.96% | up ×4 |
| AVEM | $2,536,047 | 0.94% | up ×6 |
| DFAR | $2,519,858 | 0.93% | up ×6 |
| DFAW | $1,038,292 | 0.39% | up ×6 |
| MSFT | $510,466 | 0.19% | up ×3 |
| AMZN | $407,136 | 0.15% | up ×3 |
| AVRE | $379,514 | 0.14% | up ×3 |
| META | $309,246 | 0.11% | up ×3 |
| JNJ | $227,463 | 0.08% | up ×3 |
Biggest new bets
New positions opened this quarter, largest first.
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| DFAC | Bought more | +16K | +$7.0M |
| AVUS | Bought more | +429 | +$2.9M |
| DXUV | Trimmed | -272 | +$2.3M |
| DFAU | Trimmed | -677 | +$1.4M |
| DFIC | Bought more | +23K | +$1.3M |
| DCOR | Bought more | +10K | +$1.3M |
| DFUS | Trimmed | -2K | +$1.0M |
| DFAX | Trimmed | -12K | +$927K |
| DFSD | Bought more | +19K | +$880K |
| MU | Trimmed | -85 | +$835K |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| IWR | March 31, 2026 | 18,651 | $1,795,532 | No longer tracked |
| GNR | March 31, 2026 | 21,799 | $1,354,590 | No longer tracked |
| TSM | March 31, 2026 | 2,638 | $801,662 | 20.9% |
| ANAB | Sept. 30, 2025 | 35,592 | $790,142 | 94.7% |
| DFCA | June 30, 2025 | 12,458 | $617,917 | No longer tracked |
| IJR | March 31, 2026 | 4,846 | $582,392 | No longer tracked |
| BA | June 30, 2026 | 1,907 | $379,550 | 2.4% |
| ASML | March 31, 2026 | 319 | $341,285 | 34.0% |
| HSBC | March 31, 2026 | 3,010 | $236,797 | 25.5% |
| DFCF | June 30, 2025 | 5,601 | $235,578 | No longer tracked |
| ONEQ | Dec. 31, 2025 | 2,521 | $224,697 | |
| CRWD | March 31, 2026 | 456 | $213,755 | -48.6% |
| IBM | March 31, 2026 | 717 | $212,470 | -3.1% |
| NEE | June 30, 2026 | 2,198 | $204,150 | -1.5% |
| PLTR | March 31, 2026 | 935 | $166,196 | 17.0% |
| T | Dec. 31, 2025 | 5,501 | $155,353 | 2.0% |
| UBER | Dec. 31, 2025 | 1,559 | $152,735 | -7.0% |
| HD | March 31, 2026 | 418 | $143,878 | 5.6% |
| RTX | March 31, 2026 | 747 | $137,000 | 17.0% |
| DIS | March 31, 2026 | 1,198 | $136,250 | 10.4% |
| PG | March 31, 2026 | 767 | $109,868 | 1.2% |
| JPM | March 31, 2026 | 327 | $105,312 | 22.9% |
| ORCL | Dec. 31, 2025 | 250 | $70,352 | -28.6% |
| V | Sept. 30, 2025 | 179 | $63,412 | 7.9% |
| LYG | March 31, 2026 | 11,812 | $62,604 | 20.1% |
| AXP | March 31, 2026 | 148 | $54,877 | 13.3% |
| AZN | March 31, 2026 | 387 | $35,611 | -16.4% |
| COST | Dec. 31, 2025 | 27 | $24,992 | 13.0% |
| NVO | March 31, 2025 | 208 | $17,892 | -32.4% |
| LLY | March 31, 2026 | 15 | $15,858 | 40.0% |
| LLY | June 30, 2025 | 9 | $7,433 | 65.2% |
| SHEL | March 31, 2026 | 8 | $588 | 0.5% |