Managers / Q4 2025 · view latest →
FMB WEALTH MANAGEMENT
CIK 0002040224 · 100 N WESTLAKE BLVD, STE 201, WESTLAKE VILLAGE, CA, 91362-3764 · 805-446-4494
Summary
Fmb Wealth Management reported $253M in U.S.-listed holdings across 128 positions for Q4 2025.
The portfolio is heavily concentrated: DFAC alone accounts for 67.9% of reported value.
Compared with Q3 2025, the fund opened 7 new positions and exited 5.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 87.4% · $221M
- Common Stock · 12.0% · $30M
- ADR · 0.6% · $2M
- Closed-End Fund · 0.0% · $73,595
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MARMARRIOTT INTL INC NEW | NEW | +5.7K | 5.7K | +$2M | $2M |
| BSVVANGUARD BD INDEX FDS | NEW | +12.0K | 12.0K | +$943,989 | $943,989 |
| SCHWSCHWAB CHARLES CORP | NEW | +6.6K | 6.6K | +$660,353 | $660,353 |
| LLYELI LILLY & CO | NEW | +258 | 258 | +$277,005 | $277,005 |
| ANABANAPTYSBIO INC | NEW | +5.6K | 5.6K | +$271,100 | $271,100 |
| AZNNASTRAZENECA PLC | NEW | +2.5K | 2.5K | +$227,745 | $227,745 |
| DFSUDIMENSIONAL ETF TRUST | NEW | +5.2K | 5.2K | +$224,881 | $224,881 |
| NFLXNETFLIX INC | ADDED | +5.2K | 5.7K | −$131,230 | $535,370 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DFACDIMENSIONAL ETF TRUST | US CORE EQUITY 2 · DIMENSIONAL US · WORLD EX US CORE · DIMENSIONAL INTL · US CORE EQT MKT · INTL CORE EQUITY · US EQUITY MARKET · SHORT DURATION F · US TARGETED VLU · INTL CORE EQT MK · EMGR CRE EQT MNG · US MKTWIDE VALUE · US SMALL CAP ETF · INTERNATNAL VAL · US CORE EQUITY 1 · ULTRASHORT FIXED · US REAL ESTATE E · EMERGING MKTS CO · INFLATION PROTE · US SMALL CAP VAL · WORLD EQUITY ETF · US HIGH PROFITAB · US SUSTAINABILTY | 67.95% | $172M | 3.87M |
| 2 | AVUSAMERICAN CENTY ETF TR | US EQT ETF · INTL EQT ETF · AVANTIS ALL EQT · US SML CP VALU · AVANTIS EMGMKT · INTL SMCP VLU · AVANTIS RESPON U · AVANTIS ALL INT · AVANTIS RESPONSI · EMERGING MKT VAL · REAL ESTATE ETF · US LARGE CAP VLU | 14.34% | $36M | 385.7K |
| 3 | AAPLAPPLE INChistory → | COM | 2.11% | $5M | 19.7K |
| 4 | IWRISHARES TR | RUS MID CAP ETF · CORE S&P500 ETF · CORE S&P SCP ETF · MORNINGSTR US EQ | 1.63% | $4M | 28.8K |
| 5 | NVDANVIDIA CORPORATIONhistory → | COM | 1.39% | $4M | 18.8K |
| 6 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 1.12% | $3M | 4.2K |
| 7 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.93% | $2M | 7.5K |
| 8 | AMGNAMGEN INC | COM | 0.91% | $2M | 7.0K |
| 9 | MARMARRIOTT INTL INC NEW | CL A | 0.70% | $2M | 5.7K |
| 10 | MSFTMICROSOFT CORP | COM | 0.65% | $2M | 3.4K |
| 11 | SPDR INDEX SHS FDS | GLB NAT RESRCE | 0.53% | $1M | 21.8K |
| 12 | CVXCHEVRON CORP NEW | COM | 0.50% | $1M | 8.4K |
| 13 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.47% | $1M | 1.9K |
| 14 | AMZNAMAZON COM INC | COM | 0.39% | $994,423 | 4.3K |
| 15 | VTIPVANGUARD MALVERN FDS | STRM INFPROIDX | 0.39% | $994,097 | 20.1K |
| 16 | BSVVANGUARD BD INDEX FDS | SHORT TRM BOND | 0.37% | $943,989 | 12.0K |
| 17 | BRK/BBERKSHIRE HATHAWAY INC DEL | CL B NEW | 0.35% | $884,161 | 1.8K |
| 18 | TSLATESLA INC | COM | 0.32% | $810,851 | 1.8K |
| 19 | TSMTAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 0.32% | $801,662 | 2.6K |
| 20 | AVGOBROADCOM INC | COM | 0.31% | $774,236 | 2.2K |
| 21 | METAMETA PLATFORMS INC | CL A | 0.31% | $773,625 | 1.2K |
| 22 | SCHWSCHWAB CHARLES CORP | COM | 0.26% | $660,353 | 6.6K |
| 23 | SCHFSCHWAB STRATEGIC TR | INTL EQTY ETF | 0.25% | $643,118 | 26.8K |
| 24 | NFLXNETFLIX INC | COM | 0.21% | $535,370 | 5.7K |
| 25 | BACBANK AMERICA CORP | COM | 0.19% | $478,170 | 8.7K |
| 26 | BABOEING CO | COM | 0.18% | $446,399 | 2.1K |
| 27 | JPMJPMORGAN CHASE & CO. | COM | 0.16% | $411,099 | 1.3K |
| 28 | MUMICRON TECHNOLOGY INC | COM | 0.16% | $408,794 | 1.4K |
| 29 | ROKROCKWELL AUTOMATION INC | COM | 0.15% | $390,237 | 1.0K |
| 30 | LRCXLAM RESEARCH CORP | COM NEW | 0.14% | $352,631 | 2.1K |
| 31 | EXMOCEXXON MOBIL CORP | COM | 0.14% | $350,268 | 2.9K |
| 32 | ASMLASML HOLDING N V | N Y REGISTRY SHS | 0.13% | $341,285 | 319 |
| 33 | CCITIGROUP INC | COM NEW | 0.12% | $305,497 | 2.6K |
| 34 | VTIVANGUARD INDEX FDS | TOTAL STK MKT | 0.12% | $295,788 | 882 |
| 35 | JNJJOHNSON & JOHNSON | COM | 0.12% | $295,241 | 1.4K |
| 36 | IBMINTERNATIONAL BUSINESS MACHS | COM | 0.12% | $294,816 | 995 |
| 37 | CATCATERPILLAR INC | COM | 0.11% | $282,467 | 493 |
| 38 | LLYELI LILLY & CO | COM | 0.11% | $277,005 | 258 |
| 39 | ANABANAPTYSBIO INC | COM | 0.11% | $271,100 | 5.6K |
| 40 | DISDISNEY WALT CO | COM | 0.10% | $251,954 | 2.2K |
| 41 | HDHOME DEPOT INC | COM | 0.10% | $242,635 | 705 |
| 42 | RTXRTX CORPORATION | COM | 0.09% | $240,071 | 1.3K |
| 43 | PLTRPALANTIR TECHNOLOGIES INC | CL A | 0.09% | $239,429 | 1.3K |
| 44 | CRWDCROWDSTRIKE HLDGS INC | CL A | 0.09% | $239,068 | 510 |
| 45 | HSBCHSBC HLDGS PLC | SPON ADR NEW | 0.09% | $236,797 | 3.0K |
| 46 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF | 0.09% | $236,329 | 4.4K |
| 47 | XLKSELECT SECTOR SPDR TR | STATE STREET TEC | 0.09% | $232,817 | 1.6K |
| 48 | SHELSHELL PLC | SPON ADS | 0.09% | $231,095 | 3.1K |
| 49 | AZNNASTRAZENECA PLC | SPONSORED ADR | 0.09% | $227,745 | 2.5K |
| 50 | NEENEXTERA ENERGY INC | COM | 0.09% | $223,259 | 2.8K |
| 51 | AXPAMERICAN EXPRESS CO | COM | 0.09% | $218,025 | 589 |
| 52 | PGPROCTER AND GAMBLE CO | COM | 0.08% | $203,306 | 1.4K |
| 53 | USALIBERTY ALL STAR EQUITY FD | SH BEN INT | 0.03% | $73,595 | 11.7K |
| 54 | LYGLLOYDS BANKING GROUP PLC | SPONSORED ADR | 0.02% | $62,604 | 11.8K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $242M | 98 | Apr 16, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $253M | 128 | Jan 22, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $236M | 126 | Oct 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $210M | 117 | Jul 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $181M | 103 | Apr 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $178M | 89 | Jan 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $177M | 102 | Nov 4, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.