FMI

F/M Investments Portfolio holdings

AUM $2.75B

2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4

This Quarter Return

+4.4%

1 Year Return

+20.95%

3 Year Return

+124.61%

5 Year Return

–

10 Year Return

–

AUM

$2.77B

AUM Growth

+$2.77B (+1,770%)

Cap. Flow

+$2.62B

Cap. Flow % of AUM

94.75%

Top 10 Holdings % Top 10 Hldgs %

26.07%

Holding

354

New

274

Increased

Reduced

Closed

Top Buys

1	Microsoft MSFT	$106M
2	NVIDIA NVDA	$98.2M
3	Alphabet (Google) Class A GOOGL	$89.7M
4	Apple AAPL	$85M
5	Amazon AMZN	$74.8M

Top Sells

1	F/M 10-Year Investment Grade Corporate Bond ETF ZTEN	$11.6M
2	F/M 3-Year Investment Grade Corporate Bond ETF ZTRE	$9.99M
3	F/M 2-Year Investment Grade Corporate Bond ETF ZTWO	$6.42M
4	TBIL US Treasury 3 Month Bill ETF TBIL	$3.51M
5	US Treasury 12 Month Bill ETF OBIL	$3.11M

Sector Composition

1	Technology	26.44%
2	Industrials	13.03%
3	Healthcare	12.33%
4	Financials	10.77%
5	Consumer Discretionary	10.06%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
151	151 Boston Scientific BSX $156B	$5.84M	0.21%	+75,845	New	+$5.84M
152	152 Patterson-UTI PTEN $2.24B	$5.7M	0.21%	+550,023	New	+$5.7M
153	153 Evertec EVTC $2.28B	$5.67M	0.2%	+170,593	New	+$5.67M
154	154 PPL Corp PPL $27B	$5.4M	0.19%	+195,139	New	+$5.4M
155	155 Oceaneering OII $2.45B	$5.27M	0.19%	+222,891	New	+$5.27M
156	156 Idacorp IDA $6.76B	$5.24M	0.19%	+56,212	New	+$5.24M
157	157 Quaker Houghton KWR $2.52B	$5.19M	0.19%	+30,579	New	+$5.19M
158	158 Martin Marietta Materials MLM $37.2B	$4.94M	0.18%	+9,111	New	+$4.94M
159	159 Spotify SPOT $140B	$4.9M	0.18%	+15,629	New	+$4.9M
160	160 SPDR S&P 500 ETF Trust SPY $658B	$4.86M	0.18%	+8,924	New	+$4.86M
161	161 SM Energy SM $3.28B	$4.68M	0.17%	+108,154	New	+$4.68M
162	162 Verizon VZ $186B	$4.65M	0.17%	+112,665	New	+$4.65M
163	163 Amgen AMGN $155B	$4.61M	0.17%	+14,756	New	+$4.61M
164	164 Aptiv APTV $17.3B	$4.55M	0.16%	+64,550	New	+$4.55M
165	165 Blackrock BLK $175B	$4.42M	0.16%	+5,612	New	+$4.42M
166	166 Union Pacific UNP $133B	$4.34M	0.16%	+19,186	New	+$4.34M
167	167 Automatic Data Processing ADP $123B	$4.33M	0.16%	+18,141	New	+$4.33M
168	168 Delek US DK $1.67B	$4.3M	0.16%	+173,845	New	+$4.3M
169	169 Blackstone BX $134B	$4.3M	0.16%	+34,731	New	+$4.3M
170	170 EastGroup Properties EGP $9.04B	$4.3M	0.16%	+25,257	New	+$4.3M
171	171 iShares Gold Trust IAU $50.6B	$4.25M	0.15%	+96,690	New	+$4.25M
172	172 Bank of America BAC $376B	$4.24M	0.15%	+106,159	New	+$4.24M
173	173 Sonos SONO $1.68B	$4.22M	0.15%	+285,777	New	+$4.22M
174	174 Lockheed Martin LMT $106B	$4.14M	0.15%	+8,855	New	+$4.14M
175	175 Texas Instruments TXN $184B	$4.12M	0.15%	+21,104	New	+$4.12M