FINANCIAL MANAGEMENT CONCEPTS CORP /ADV
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Dec 31, 2021, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 94.2%; sector active share 68.5% against the combined 13F book's sector weights.
Over time 5 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.
View clone backtestPortfolio Concentration
29 tracked positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021Portfolio Trend
Sector Breakdown
As of Dec 31, 2021| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 97.8% | $115,632,475 |
| Consumer Cyclical | 0.8% | $904,721 |
| Industrials | 0.7% | $818,864 |
| Communication Services | 0.3% | $390,084 |
| Technology | 0.2% | $250,551 |
| Healthcare | 0.2% | $224,859 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| — | +38,561 | 234,147 | $4,945,184 | ||
| VOO | VANGUARD 500 INDEX FUND | +18,335 | 23,713 | $10,352,384 | |
| SCHB | Schwab U.S. Broad Market ETF | +13,254 | 15,236 | $1,721,820 | |
| BSV | VANGUARD SHORT-TERM BOND INDEX FUND | +9,756 | 57,000 | $4,607,310 | |
| STIP | iShares 0-5 Year TIPS Bond ETF | +7,144 | 48,776 | $5,164,402 | |
| TIP | iShares TIPS Bond ETF | +6,168 | 39,760 | $5,136,992 | |
| SPSB | State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | +2,511 | 13,826 | $428,191 | |
| SPYM | State Street(R) SPDR(R) Portfolio S&P 500(R) ETF | +1,594 | 16,760 | $935,710 | |
| QQQ | Invesco Qqq Trust, Series 1 | +593 | 10,031 | $3,990,833 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PDBC | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | −44,965 | 635,236 | $8,931,418 | |
| RSPH | Victory Portfolios II | −21,027 | 9,816 | $314,583 | |
| VOX | VANGUARD COMMUNICATION SERVICES INDEX FUND | −14,486 | 50,958 | $6,907,866 | |
| RSPM | Victory Portfolios II | −7,074 | 49,212 | $1,771,927 | |
| RSPN | Victory Portfolios II | −2,988 | 47,697 | $1,885,748 | |
| VCR | VANGUARD CONSUMER DISCRETIONARY INDEX FUND | −1,709 | 54,092 | $18,426,980 | |
| — | −1,500 | 14,678 | $0 | ||
| VGT | VANGUARD INFORMATION TECHNOLOGY INDEX FUND | −628 | 35,906 | $16,451,066 | |
| LMT | Lockheed Martin Corp | −144 | 2,304 | $818,864 | |
| SPY | Spdr S&P 500 ETF Trust | −32 | 1,057 | $502,032 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SCHP | Schwab U.S. TIPS ETF | 230,798 | $14,514,886 | |
| RSPF | Victory Portfolios II | 96,038 | $6,181,966 | |
| IGV | iShares Expanded Tech-Software Sector ETF | 1,977 | $786,154 | |
| SOXX | iShares Semiconductor ETF | 942 | $510,865 | |
| TMO | Thermo Fisher Scientific Inc. | 337 | $224,859 | |
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| VCR |
VANGUARD CONSUMER DISCRETIONARY INDEX FUND
|
Reduced | 54,092 | $18,426,980 | 15.59% | |
| VGT |
VANGUARD INFORMATION TECHNOLOGY INDEX FUND
|
Reduced | 35,906 | $16,451,066 | 13.92% | |
| SCHP |
Schwab U.S. TIPS ETF
|
NEW | 230,798 | $14,514,886 | 12.28% | |
| VOO |
VANGUARD 500 INDEX FUND
|
Added | 23,713 | $10,352,384 | 8.76% | |
| PDBC |
Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF
|
Reduced | 635,236 | $8,931,418 | 7.55% | |
| VOX |
VANGUARD COMMUNICATION SERVICES INDEX FUND
|
Reduced | 50,958 | $6,907,866 | 5.84% | |
| RSPF |
Victory Portfolios II
|
NEW | 96,038 | $6,181,966 | 5.23% | |
| STIP |
iShares 0-5 Year TIPS Bond ETF
|
Added | 48,776 | $5,164,402 | 4.37% | |
| TIP |
iShares TIPS Bond ETF
|
Added | 39,760 | $5,136,992 | 4.35% | |
|
|
Added | 234,147 | $4,945,184 | 4.18% | ||
| BSV |
VANGUARD SHORT-TERM BOND INDEX FUND
|
Added | 57,000 | $4,607,310 | 3.90% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 10,031 | $3,990,833 | 3.38% | |
| RSPN |
Victory Portfolios II
|
Reduced | 47,697 | $1,885,748 | 1.60% | |
| RSPM |
Victory Portfolios II
|
Reduced | 49,212 | $1,771,927 | 1.50% | |
| SCHB |
Schwab U.S. Broad Market ETF
|
Added | 15,236 | $1,721,820 | 1.46% | |
| SHV |
iShares 0-1 Year Treasury Bond ETF
|
Held | 10,543 | $1,164,158 | 0.98% | |
| SPYM |
State Street(R) SPDR(R) Portfolio S&P 500(R) ETF
|
Added | 16,760 | $935,710 | 0.79% | |
| HD |
Home Depot, Inc.
Consumer Cyclical
|
Held | 2,180 | $904,721 | 0.77% | |
| LMT |
Lockheed Martin Corp
Industrials
|
Reduced | 2,304 | $818,864 | 0.69% | |
| IGV |
iShares Expanded Tech-Software Sector ETF
|
NEW | 1,977 | $786,154 | 0.66% | |
| SOXX |
iShares Semiconductor ETF
|
NEW | 942 | $510,865 | 0.43% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 1,057 | $502,032 | 0.42% | |
| SPSB |
State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF
|
Added | 13,826 | $428,191 | 0.36% | |
| RSPH |
Victory Portfolios II
|
Reduced | 9,816 | $314,583 | 0.27% | |
| DIS |
Walt Disney Co
Communication Services
|
Held | 1,723 | $266,875 | 0.23% | |
| AAPL |
Apple Inc.
Technology
|
Held | 1,411 | $250,551 | 0.21% | |
| TMO |
Thermo Fisher Scientific Inc.
Healthcare
|
NEW | 337 | $224,859 | 0.19% | |
| GSAT |
Globalstar, Inc.
Communication Services
|
Held | 106,215 | $123,209 | 0.10% | |
|
|
Reduced | 14,678 | $0 | 0.00% |
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.