FINANCIAL MANAGEMENT NETWORK INC

RIA/Wealth

FINANCIAL MANAGEMENT NETWORK INC is a RIA/Wealth based in Mission Viejo, CA led by Jeffrey George Merwin, reporting $1.8B in AUM as of Q3 2025 with 75% ETF concentration.

Managing PartnerJeffrey George Merwin

Portfolio Value: $597.7M
Positions: 184
Top Holding: IVV at 10.42%
Last Reported: Q3 2025

Address26041 Acero, Mission Viejo, CA, 92691, United States

Top Holdings

Largest long holdings in FINANCIAL MANAGEMENT NETWORK INC's portfolio (46.4% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$62.3M	10.42%	+$761.9K Bought	— 92.3K shares	Q4 2020 Held for 4y 11m
2 VanEck Morningstar Wide Moat ETF MOAT	ETF ETF	$49.1M	8.21%	-$1.4M Sold	— 485.9K shares	Q4 2020 Held for 4y 11m
3 iShares Core S&P Mid-Cap ETF IJH	ETF ETF	$26.1M	4.36%	+$539.5K Bought	— 395.7K shares	Q4 2020 Held for 4y 11m
4 Avantis U.S. Small Cap Value AVUV	ETF ETF	$24.6M	4.12%	+$4.1M Bought	— 244.8K shares	Q2 2023 Held for 2y 5m
5 iShares Core S&P Small-Cap ETF IJR	ETF ETF	$22.7M	3.81%	+$973.2K Bought	— 189.9K shares	Q4 2020 Held for 4y 11m
6 Avantis International Small Cap Value AVDV	ETF ETF	$21.0M	3.51%	+$1.8M Bought	— 232.8K shares	Q2 2023 Held for 2y 5m
7 VanEck Morningstar SMID Moat SMOT	ETF ETF	$20.0M	3.35%	-$324.3K Sold	— 552.1K shares	Q1 2023 Held for 2y 8m
8 Vanguard Intermediate-Term Corporate Bond VCIT	ETF ETF	$18.7M	3.12%	+$2.1M Bought	— 222.4K shares	Q4 2023 Held for 1y 11m
9 Apple AAPL	Consumer Electronics Technology	$17.5M	2.92%	+$529.0K Bought	0.00% 68.1K shares	Q4 2020 Held for 4y 11m
10 BlackRock Flexible Income BINC	ETF ETF	$15.4M	2.57%	+$750.5K Bought	— 289.6K shares	Q1 2024 Held for 1y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in FINANCIAL MANAGEMENT NETWORK INC's latest filing

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Market Value

$597.7M

Prior: $553.2M

Q/Q Change

+8.05%

+$44.5M

Net Flows % of MV

+1.59%

Turnover Ratio

4.87%

New Purchases

13 stocks

$3.7M

Added To

93 stocks

+$29.3M

Sold Out Of

10 stocks

$10.0M

Reduced Holdings

59 stocks

-$13.4M

Increased Positions

Position	Shares Δ	Change
1 Taiwan Semiconductor Manufacturing Company TSM	New	0 → 2.0K +$592.1K
2 iShares Global Infrastructure IGF	New	0 → 7.4K +$455.1K
3 CGHM Capital Group Municipal High-Income CGHM	New	0 → 15.2K +$385.1K
4 BitMine Immersion Technologies, Inc. BMNR	New	0 → 4.4K +$278.8K
5 Eos Energy Enterprises, Inc. EOSE	New	0 → 18.0K +$249.5K

Decreased Positions

Position	Shares Δ	Change
1 Alerian MLP AMLP	Sold	172.5K → 0 −$8.5M
2 UWM ProShares Ultra Russell2000 UWM	Sold	7.0K → 0 −$283.0K
3 Deere & Company DE	Sold	437.0 → 0 −$227.7K
4 ESGE iShares ESG Aware MSCI EM ETF ESGE	Sold	5.6K → 0 −$221.3K
5 Direxion Daily S&P 500 Bull 3x Shares SPXL	Sold	1.2K → 0 −$219.8K

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Analytics

Portfolio insights and performance metrics for FINANCIAL MANAGEMENT NETWORK INC

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Sector Allocation

ETF

74.50%

Technology

7.80%

Financial Services

4.00%

Consumer Cyclical

2.90%

Communication Services

2.10%

Industrials

1.40%

Healthcare

0.90%

Real Estate

0.80%

Energy

0.70%

Consumer Defensive

0.10%

Market Cap Distribution

Mega Cap (> $200B)

15.95%

Large Cap ($10B - $200B)

4.15%

Mid Cap ($2B - $10B)

0.17%

Small Cap ($300M - $2B)

0.35%

N/A (ETF or Unknown)

79.37%

Portfolio Concentration

Top 10 Holdings %

46.39%

Top 20 Holdings %

61.96%

Top 50 Holdings %

84.46%

Top 100 Holdings %

94.92%