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FMN
Financial Management Network Portfolio holdings
AUM
$653M
1-Year Est. Return
17.76%
This Fund
S&P 500
This Quarter
Est. Return
+10.46%
1 Year Est. Return
+17.76%
3 Year Est. Return
+51.95%
5 Year Est. Return
+61.04%
10 Year Est. Return
–
AUM
$343M
AUM Growth
+$40.5M
(+13%)
Cap. Flow
+$10.8M
Cap. Flow
% of AUM
3.15%
Top 10 Holdings %
Top 10 Hldgs %
50.28%
Holding
157
New
12
Increased
59
Reduced
57
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pacer US Small Cap Cash Cows 100 ETF
CALF
|
+$6.45M |
| 2 |
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
|
+$4.15M |
| 3 |
VanEck Morningstar Wide Moat ETF
MOAT
|
+$1.63M |
| 4 |
iShares Core S&P 500 ETF
IVV
|
+$1.5M |
| 5 |
Pacer Global Cash Cows Dividend ETF
GCOW
|
+$1.29M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Costco
COST
|
+$3M |
| 2 |
Ares Capital
ARCC
|
+$2.94M |
| 3 |
Berkshire Hathaway Class B
BRK.B
|
+$1.49M |
| 4 |
iShares California Muni Bond ETF
CMF
|
+$751K |
| 5 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$654K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 7.38% |
| 2 | Financials | 3.92% |
| 3 | Consumer Discretionary | 3.13% |
| 4 | Real Estate | 2.06% |
| 5 | Communication Services | 1.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Edwards Lifesciences
EW
$48B
| $642K | 0.19% |
8,806
-541
| -6% | -$37.6K |
|
77
Vanguard S&P 500 ETF
VOO
$968B
| $634K | 0.19% |
1,475
-32
| -2% | -$13.1K |
|
78
American Express
AXP
$225B
| $629K | 0.18% |
3,326
+469
| +16% | +$75.5K |
|
79
iShares 0-5 Year High Yield Corporate Bond ETF
SHYG
$7.61B
| $621K | 0.18% |
14,774
+263
| +2% | +$10.8K |
|
80
Walt Disney
DIS
$171B
| $614K | 0.18% |
6,752
+81
| +1% | +$7.14K |
|
81
State Street SPDR S&P 500 ETF Trust
SPY
$781B
| $596K | 0.17% |
1,273
-451
| -26% | -$201K |
|
82
iShares MSCI USA Min Vol Factor ETF
USMV
$23.7B
| $584K | 0.17% |
7,499
-192
| -2% | -$14.3K |
|
83
M&T Bank
MTB
$36.5B
| $583K | 0.17% |
+4,215
| New | +$530K |
|
84
Pacer Trendpilot 100 ETF
PTNQ
$1.18B
| $572K | 0.17% |
+8,890
| New | +$565K |
|
85
State Street Energy Select Sector SPDR ETF
XLE
$38.9B
| $548K | 0.16% |
12,946
-1,766
| -12% | -$75.5K |
|
86
Macerich
MAC
$7.48B
| $522K | 0.15% |
34,932
-1,819
| -5% | -$21.7K |
|
87
State Street SPDR Portfolio S&P 500 Growth ETF
SPYG
$50.1B
| $507K | 0.15% |
8,018
-738
| -8% | -$45.5K |
|
88
Bank of America
BAC
$438B
| $504K | 0.15% |
14,627
+31
| +0.2% | +$903 |
|
89
Johnson & Johnson
JNJ
$654B
| $488K | 0.14% |
3,028
-192
| -6% | -$29.4K |
|
90
iShares Russell 2000 ETF
IWM
$80B
| $468K | 0.14% |
2,420
+841
| +53% | +$151K |
|
91
Capital Group Growth ETF
CGGR
$23.5B
| $459K | 0.13% |
16,604
+329
| +2% | +$8.51K |
|
92
PepsiCo
PEP
$196B
| $458K | 0.13% |
2,709
-163
| -6% | -$27K |
|
93
Intel
INTC
$431B
| $455K | 0.13% |
9,706
+632
| +7% | +$25.7K |
|
94
iShares Russell 2000 Value ETF
IWN
$14.5B
| $451K | 0.13% |
3,002
| – | – |
|
95
Schwab US Large- Cap ETF
SCHX
$71.1B
| $440K | 0.13% |
23,811
-723
| -3% | -$12.7K |
|
96
Nike
NKE
$63.3B
| $433K | 0.13% |
4,239
+26
| +0.6% | +$2.79K |
|
97
State Street Industrial Select Sector SPDR ETF
XLI
$33.1B
| $412K | 0.12% |
3,700
-488
| -12% | -$51.2K |
|
|
NVO
98
Novo Nordisk
NVO
$225B
| $402K | 0.12% |
+3,796
| New | +$375K |
|
99
iShares Global REIT ETF
REET
$5.19B
| $401K | 0.12% |
16,846
-1,581
| -9% | -$34.6K |
|
100
iShares ESG Aware US Aggregate Bond ETF
EAGG
$4.98B
| $397K | 0.12% |
8,406
-743
| -8% | -$34K |
|
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Financial Management Network's Q4 2023 Portfolio in Review
As of Q4 2023, Financial Management Network held 157 positions worth $343M, up 13% from $302M the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Financial Management Network deployed $10.8M of net new capital in Q4 2023, opening 12 new positions and adding to 59 existing holdings. Its largest new stake was Vanguard Intermediate-Term Corporate Bond ETF: 53,674 shares worth $4.3M.
By sector, the portfolio is most concentrated in Technology at 7.4% of assets, up from 7.3% a quarter earlier, followed by Financials and Consumer Discretionary.
On the sell side, the largest reduction was VanEck Durable High Dividend ETF, an estimated $633K trimmed.
- Financial Management Network's largest Q4 2023 buy was Vanguard Intermediate-Term Corporate Bond ETF: 53,674 shares worth $4.3M.
- Financial Management Network added most to Pacer US Small Cap Cash Cows 100 ETF in Q4 2023, an estimated $6.45M increase.
- Financial Management Network's biggest Q4 2023 reduction was VanEck Durable High Dividend ETF, cutting an estimated $633K.
- Financial Management Network fully exited Costco in Q4 2023, selling an estimated $3M.
- Financial Management Network's ten largest holdings make up 50% of its $343M portfolio in Q4 2023.
- Financial Management Network opened 12 new positions and closed 21 in Q4 2023.
- Financial Management Network's portfolio value rose 13% quarter-over-quarter to $343M.
Based on Financial Management Network's 13F filing for Q4 2023, filed 22 Jan 2024.