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Livermore
Livermore
ZHEN

FMB Wealth Management

SEC CIK
0002040224
Latest filing
Jul 27, 2026

The latest 13F from FMB Wealth Management covers Q2 2026 (filed Jul 27, 2026): 74 long positions worth $271.8M. The top 10 holdings make up 63.7% of the portfolio, and the largest is Dimensional U.S. Core Equity 2 ETF at 18.8%. Livermore has 15 filings on Form 13F from this institution, going back to Q4 2022.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
3
Est. +$932.4K
Added
25
Est. +$4.05M
Reduced
23
Est. −$1.72M
Sold out
2
Est. −$595.4K

Top 5 holdings

Share of this quarter's portfolio value

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    18.8%$51.1M
  2. Dimensional ETF Trust25434V559
    8.0%$21.8M
  3. American Centy ETF Tr025072885
    8.0%$21.7M
  4. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    6.3%$17.1M
  5. Dimensional ETF Trust25434V542
    5.2%$14.1M

Share of portfolio

Top 5 holdings and the other 69 positions, by share of portfolio value

  1. Dimensional U.S. Core Equity 2 ETF18.8%
  2. Dimensional ETF Trust8.0%
  3. American Centy ETF Tr8.0%
  4. Dimensional World Ex U.S. Core Equity 2 ETF6.3%
  5. Dimensional ETF Trust5.2%
  6. Other 69 positions53.7%

Biggest buys

New and added positions, by estimated amount bought

  1. Dimensional ETF Trust25434V864
    +$900.9KAdded
  2. Dimensional ETF Trust25434V799
    +$854.4KAdded
  3. Dimensional ETF Trust25434V625
    +$800.0KAdded
  4. Dimensional U.S. Core Equity 2 ETF25434V708
    +$707.0KAdded
  5. Dimensional ETF Trust25434V633
    +$403.5KNew

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Dimensional U.S. Core Equity 2 ETF25434V708
    +0.53 pp18.3% → 18.8%
  2. Dimensional ETF Trust25434V625
    +0.31 pp1.4% → 1.7%
  3. American Centy ETF Tr025072885
    +0.21 pp7.8% → 8.0%
  4. Dimensional ETF Trust25434V633
    +0.15 pp0.0% → 0.1%
  5. MRVLMarvell Technology, Inc.
    +0.11 pp0.0% → 0.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −$440.6KReduced
  2. BABoeing Co
    −$384.1KSold outHistory
  3. NEENextera Energy Inc
    −$211.3KSold outHistory
  4. Dimensional ETF Trust25434V401
    −$204.6KReduced
  5. Vanguard Malvern FDS922020805
    −$163.5KReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. Dimensional ETF Trust25434V542
    −0.48 pp5.7% → 5.2%
  2. Dimensional World Ex U.S. Core Equity 2 ETF25434V880
    −0.40 pp6.7% → 6.3%
  3. Dimensional Ultrashort Fixed Income ETF25434V591
    −0.18 pp1.3% → 1.1%
  4. Dimensional ETF Trust25434V807
    −0.17 pp1.8% → 1.6%
  5. BABoeing Co
    −0.16 pp0.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$271.8M
+$30.1M (+12.5%) vs. prior quarter
Positions
74
+1 vs. prior quarter
Top 10 concentration
63.7%
Top 10 as share of value
Turnover
0.9%
Q2 2026, one quarter
Average holding period
13.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2022), so positions held before then are understated.

13F filings by quarter

15 quarters, going back to Q4 2022. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $271.8M (Q2 2026)

Q4 2022: $77.7MQ1 2023: $83.8MQ2 2023: $94.2MQ3 2023: $93.2MQ4 2023: $109.4MQ1 2024: $125.4MQ2 2024: $131.5MQ3 2024: $176.9MQ4 2024: $177.6MQ1 2025: $180.8MQ2 2025: $210.0MQ3 2025: $236.1MQ4 2025: $253.4MQ1 2026: $241.7MQ2 2026: $271.8M
Q4 2022Q2 2026
13F filings of FMB Wealth Management by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 27, 202674$271.8MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q1 2026SEC
Q1 2026Apr 16, 202673$241.7MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q4 2025SEC
Q4 2025Jan 22, 202691$253.4MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q3 2025SEC
Q3 2025Oct 15, 202589$236.1MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q2 2025SEC
Q2 2025Jul 18, 202584$210.0MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q1 2025SEC
Q1 2025Apr 15, 202575$180.8MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q4 2024SEC
Q4 2024Jan 29, 202567$177.6MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustAmerican Centy ETF Trvs. Q3 2024SEC
Q3 2024Nov 4, 202475$176.9MDimensional U.S. Core Equity 2 ETFDimensional ETF TrustDimensional ETF Trustvs. Q2 2024SEC
Q2 2024Nov 4, 202469$131.5MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q1 2024SEC
Q1 2024Nov 4, 202467$125.4MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q4 2023SEC
Q4 2023Oct 15, 202463$109.4MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q3 2023SEC
Q3 2023Oct 15, 202452$93.2MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q2 2023SEC
Q2 2023Oct 15, 202453$94.2MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional ETF Trustvs. Q1 2023SEC
Q1 2023Oct 15, 202452$83.8MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional U.S. Targeted Value ETFvs. Q4 2022SEC
Q4 2022Oct 15, 202454$77.7MDimensional U.S. Core Equity 2 ETFAmerican Centy ETF TrDimensional U.S. Targeted Value ETF–SEC