FMB WEALTH MANAGEMENT

Registered adviser

CIK

2040224

Location

WESTLAKE VILLAGE, CA

Portfolio Value

Small $269,910,714

Diversification

Highly concentrated

Filing Date

Global Rank

#5,413 / 8,811 ▼ 340

Top Industry

Semiconductors 20.3%

Period ended 4 months ago

Filed Jul 28, 2026 · 3mo

15 quarters · since Dec 2022

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 122309

Roster of Oct 1, 2026

Regulatory AUM

$615,654,812

Main clients

Individuals and high net worth (100% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Oct 2026	$615,654,812	Individuals and high net worth (100%)
Apr 2025 to Feb 2026	$507,774,364	Individuals and high net worth (100%)
Apr 2024 to Mar 2025	$451,712,421	Individuals and high net worth (100%)
May 2023 to Mar 2024	$404,514,362	Individuals and high net worth (100%)
Apr 2023	$404,514,362	Individuals and high net worth (100%)
Apr 2022 to Mar 2023	$387,312,795	Individuals and high net worth (99%)

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 95.3% of the book (60%+)

Turnover

Low turnover

4.8% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 13.2 quarters (12+)

Closest benchmark: every 13F filer's combined book, active share 89.7%; sector active share 81.6% against the combined 13F book's sector weights.

Over time 15 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

74 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

71.1%

−1.3 pts

Top 5

92.0%

−0.9 pts

Top 10

95.3%

−0.5 pts

HHI

5,340

Highly concentrated−193

Portfolio Trend

15 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	91.0%	$245,552,140	47
Technology	4.2%	$11,280,781	8
Consumer Cyclical	1.2%	$3,154,720	3
Healthcare	1.1%	$3,017,422	3
Communication Services	0.9%	$2,438,202	4
Financial Services	0.8%	$2,032,295	5
Energy	0.6%	$1,540,832	2
Industrials	0.3%	$894,322	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
DFIC	Dimensional International Core Equity 2 ETF	+22,932	302,523	$11,272,006
DFSD	Dimensional Short-Duration Fixed Income ETF	+18,866	178,238	$8,510,864
DFAC	Dimensional U.S. Core Equity 2 ETF	+15,938	1,152,783	$51,137,453
DCOR	Dimensional ETF Trust	+9,759	56,412	$4,624,655
VO	VANGUARD MID-CAP INDEX FUND	+9,163	12,213	$984,001
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	+4,523	49,313	$2,004,080
DFIP	Dimensional Inflation-Protected Securities Portfolio ETF	+4,167	35,756	$1,475,113
DFAR	Dimensional US Real Estate ETF	+2,008	96,325	$2,519,862
AVDE	Avantis International Equity ETF	+876	77,234	$6,889,272
AVRE	Avantis Real Estate ETF	+429	8,010	$379,513
AVUS	Avantis U.S. Equity ETF	+429	169,588	$21,720,831
NVDA	Nvidia Corp	+388	14,350	$2,871,291
DFAW	Dimensional World Equity ETF	+279	12,541	$1,038,269
DFSV	Dimensional US Small Cap Value ETF	+253	27,868	$1,080,999
DFAI	Dimensional International Core Equity Market ETF	+179	126,843	$5,232,273
AMGN	Amgen Inc	+176	6,610	$2,393,612
AVGE	Avantis All Equity Markets ETF	+73	62,065	$6,150,641
AVEM	Avantis Emerging Markets Equity ETF	+65	26,283	$2,536,046
AVLV	Avantis U.S. Large Cap Value ETF	+39	2,767	$252,378
GOOG	Alphabet Inc.	+34	2,186	$772,378
META	Meta Platforms, Inc.	+15	693	$390,359
BAC	Bank Of America Corp /De/	+7	6,978	$397,605
CAT	Caterpillar Inc	+4	387	$412,115
SCHW	Schwab Charles Corp	+3	6,272	$578,716
C	Citigroup Inc	+2	2,289	$320,368
No positions match the current search.

Trimmed

Positions the filer reduced

23 positions

Ticker	Company	Δ Shares	Shares	Value
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	−11,961	464,628	$17,116,895
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	−3,256	18,884	$948,543
DFUS	Dimensional U.S. Equity Market ETF	−2,497	110,953	$9,091,488
DFAT	Dimensional U.S. Targeted Value ETF	−2,089	103,198	$7,213,540
DFUV	Dimensional U.S. Marketwide Value ETF	−1,964	103,735	$5,706,462
DUSB	Dimensional Ultrashort Fixed Income ETF	−1,725	60,507	$3,072,545
DFAS	Dimensional U.S. Small Cap ETF	−1,319	61,391	$5,054,934
DXIV	Dimensional International Vector Equity ETF	−1,180	201,822	$14,127,741
DFAE	Dimensional Emerging Core Equity Market ETF	−786	84,259	$3,388,054
DUHP	Dimensional US High Profitability ETF	−717	5,655	$235,983
DFAU	Dimensional US Core Equity Market ETF	−677	216,757	$11,204,169
DFIV	Dimensional International Value ETF	−540	80,607	$4,354,390
DXUV	Dimensional US Vector Equity ETF	−272	327,365	$21,769,772
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	−260	11,273	$878,279
AVDV	Avantis International Small Cap Value ETF	−238	12,620	$1,300,491
AAPL	Apple Inc.	−176	16,127	$4,666,508
MU	Micron Technology Inc	−92	1,135	$1,310,118
SPY	Spdr S&P 500 ETF Trust	−25	326	$243,447
AMZN	Amazon Com Inc	−20	2,276	$542,461
MSFT	Microsoft Corp	−6	1,830	$682,626
AVGO	Broadcom Inc.	−6	1,218	$460,098
JNJ	Johnson & Johnson	−5	970	$246,350
LRCX	Lam Research Corp	−3	1,757	$761,360
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
DFCA	Dimensional California Municipal Bond ETF	8,041	$403,497
MRVL	Marvell Technology, Inc.	1,018	$303,251
IBM	International Business Machines Corp	802	$225,529
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
BA	Boeing Co	1,930	$384,127
NEE	Nextera Energy Inc	2,275	$211,301
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

74 tracked positions · $269,910,714 total · filing declares 99 positions · $271,835,397 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Showing 1–50 of 74 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	1,152,783	+15,938	$51,137,453	+15.8%	15	before history	18.95%
DXUV	Dimensional US Vector Equity ETF	Reduced	327,365	-272	$21,769,772	+12.0%	8	unpriced	8.07%
AVUS	Avantis U.S. Equity ETF	Added	169,588	+429	$21,720,831	+15.5%	15	before history	8.05%
DFAX	Dimensional World ex. U.S. Core Equity 2 ETF	Reduced	464,628	-11,961	$17,116,895	+5.7%	15	before history	6.34%
DXIV	Dimensional International Vector Equity ETF	Reduced	201,822	-1,180	$14,127,741	+3.0%	8	unpriced	5.23%
DFIC	Dimensional International Core Equity 2 ETF	Added	302,523	+22,932	$11,272,006	+13.5%	15	before history	4.18%
DFAU	Dimensional US Core Equity Market ETF	Reduced	216,757	-677	$11,204,169	+14.2%	15	before history	4.15%
DFUS	Dimensional U.S. Equity Market ETF	Reduced	110,953	-2,497	$9,091,488	+13.0%	15	before history	3.37%
DFSD	Dimensional Short-Duration Fixed Income ETF	Added	178,238	+18,866	$8,510,864	+11.5%	15	before history	3.15%
DFAT	Dimensional U.S. Targeted Value ETF	Reduced	103,198	-2,089	$7,213,540	+9.7%	15	before history	2.67%
AVDE	Avantis International Equity ETF	Added	77,234	+876	$6,889,272	+6.3%	15	before history	2.55%
AVGE	Avantis All Equity Markets ETF	Added	62,065	+73	$6,150,641	+12.7%	11	$66.03	2.28%
DFUV	Dimensional U.S. Marketwide Value ETF	Reduced	103,735	-1,964	$5,706,462	+11.4%	15	before history	2.11%
DFAI	Dimensional International Core Equity Market ETF	Added	126,843	+179	$5,232,273	+6.0%	15	before history	1.94%
DFAS	Dimensional U.S. Small Cap ETF	Reduced	61,391	-1,319	$5,054,934	+13.3%	15	before history	1.87%
AAPL	Apple Inc. Technology	Reduced	16,127	-176	$4,666,508	+12.8%	15	before history	1.73%
DCOR	Dimensional ETF Trust	Added	56,412	+9,759	$4,624,655	+37.5%	11	$59.73	1.71%
DFIV	Dimensional International Value ETF	Reduced	80,607	-540	$4,354,390	+1.7%	15	before history	1.61%
DFAE	Dimensional Emerging Core Equity Market ETF	Reduced	84,259	-786	$3,388,054	+17.7%	15	before history	1.26%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Held	8,806	0	$3,258,572	—	10	unpriced	1.21%
DUSB	Dimensional Ultrashort Fixed Income ETF	Reduced	60,507	-1,725	$3,072,545	−2.6%	11	$50.64	1.14%
AVUV	Avantis U.S. Small Cap Value ETF	Held	23,373	0	$2,916,015	+12.9%	15	before history	1.08%
NVDA	Nvidia Corp Technology	Added	14,350	+388	$2,871,291	+17.9%	15	before history	1.06%
AVEM	Avantis Emerging Markets Equity ETF	Added	26,283	+65	$2,536,046	+20.0%	15	before history	0.94%
DFAR	Dimensional US Real Estate ETF	Added	96,325	+2,008	$2,519,862	+13.0%	13	$22.60	0.93%
AMGN	Amgen Inc Healthcare	Added	6,610	+176	$2,393,612	+5.7%	15	before history	0.89%
MAR	Marriott International Inc /Md/ Consumer Cyclical	Added	5,603	+1	$2,076,415	+13.3%	3	$285.69	0.77%
DFEM	Dimensional Emerging Markets Core Equity 2 ETF	Added	49,313	+4,523	$2,004,080	+29.5%	15	before history	0.74%
DFIP	Dimensional Inflation-Protected Securities Portfolio ETF	Added	35,756	+4,167	$1,475,113	+11.9%	11	$40.89	0.55%
QQQ	Invesco Qqq Trust, Series 1	Held	1,947	0	$1,433,770	+27.6%	15	before history	0.53%
MU	Micron Technology Inc Technology	Reduced	1,135	-92	$1,310,118	+216.0%	5	$93.45	0.49%
AVDV	Avantis International Small Cap Value ETF	Reduced	12,620	-238	$1,300,491	+1.3%	15	before history	0.48%
CVX	Chevron Corp Energy	Held	7,787	0	$1,290,772	−19.9%	15	before history	0.48%
DFSV	Dimensional US Small Cap Value ETF	Added	27,868	+253	$1,080,999	+11.7%	15	before history	0.40%
DFAW	Dimensional World Equity ETF	Added	12,541	+279	$1,038,269	+14.8%	7	$67.41	0.38%
AVSU	Avantis Responsible U.S. Equity ETF	Held	11,581	0	$1,025,150	+19.7%	15	before history	0.38%
VO	VANGUARD MID-CAP INDEX FUND	Added	12,213	+9,163	$984,001	—	2	unpriced	0.36%
VTIP	VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND	Reduced	18,884	-3,256	$948,543	−14.2%	15	before history	0.35%
GOOGL	Alphabet Inc. Communication Services	Held	2,636	0	$942,027	+24.3%	15	before history	0.35%
BSV	VANGUARD SHORT-TERM BOND INDEX FUND	Reduced	11,273	-260	$878,279	−2.9%	3	$78.89	0.33%
GOOG	Alphabet Inc. Communication Services	Added	2,186	+34	$772,378	+25.1%	15	before history	0.29%
LRCX	Lam Research Corp Technology	Reduced	1,757	-3	$761,360	+102.5%	5	$79.31	0.28%
SCHF	Schwab International Equity ETF	Held	26,752	0	$741,030	+11.9%	14	unpriced	0.27%
MSFT	Microsoft Corp Technology	Reduced	1,830	-6	$682,626	+0.4%	15	before history	0.25%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,334	0	$667,519	+4.4%	15	before history	0.25%
SCHW	Schwab Charles Corp Financial Services	Added	6,272	+3	$578,716	−1.8%	3	$94.87	0.21%
AVNM	Avantis All International Markets Equity ETF	Held	6,967	0	$573,941	+8.2%	5	$66.66	0.21%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	2,276	-20	$542,461	+13.4%	15	before history	0.20%
TSLA	Tesla, Inc. Consumer Cyclical	Held	1,274	0	$535,844	+13.1%	15	before history	0.20%
ROK	Rockwell Automation, Inc Industrials	Held	974	0	$482,207	+38.0%	15	before history	0.18%

Showing the top 50 of 74 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.