Forum Financial Management, LP

RIA/Wealth

Forum Financial Management, LP is a RIA/Wealth based in Lombard, IL led by Nirav Rajen Batavia, reporting $9.0B in AUM as of Q3 2025 with 84% ETF concentration, 75% concentrated in top 10 holdings, 21% allocation to DFAC, and minimal technology exposure.

CIONirav Rajen Batavia

Portfolio Value: $7.3B
Positions: 1,011
Top Holding: DFAC at 21.13%
Last Reported: Q3 2025

Address1900 South Highland Avenue, Suite 100, Lombard, IL, 60148, United States

Top Holdings

Largest long holdings in Forum Financial Management, LP's portfolio (74.9% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Dimensional U.S. Core Equity 2 DFAC	ETF ETF	$1.5B	21.13%	+$44.0M Bought	— 40.0M shares	Q4 2021 Held for 3y 11m
2 TLH iShares 10-20 Year Treasury Bond TLH	ETF ETF	$825.1M	11.29%	+$13.3M Bought	— 8.0M shares	Q4 2022 Held for 2y 11m
3 Dimensional U.S. Targeted Value DFAT	ETF ETF	$567.7M	7.77%	+$23.3M Bought	— 9.8M shares	Q4 2021 Held for 3y 11m
4 Dimensional Emerging Markets Core Equity 2 DFEM	ETF ETF	$552.8M	7.56%	+$14.4M Bought	— 17.2M shares	Q2 2022 Held for 3y 5m
5 Dimensional International Core Equity 2 DFIC	ETF ETF	$542.7M	7.43%	+$18.8M Bought	— 16.5M shares	Q2 2022 Held for 3y 5m
6 DFGR Dimensional Global Real Estate DFGR	ETF ETF	$422.0M	5.77%	+$25.5M Bought	— 15.5M shares	Q4 2022 Held for 2y 11m
7 Dimensional Global Core Plus Fixed Income DFGP	ETF ETF	$335.7M	4.59%	+$7.7M Bought	— 6.0M shares	Q1 2024 Held for 1y 8m
8 Dimensional US High Profitability DUHP	ETF ETF	$285.0M	3.90%	+$14.2M Bought	— 7.5M shares	Q2 2022 Held for 3y 5m
9 DISV Dimensional International Small Cap Value DISV	ETF ETF	$210.9M	2.89%	+$345.2K Bought	— 5.9M shares	Q2 2022 Held for 3y 5m
10 Dimensional International High Profitability DIHP	ETF ETF	$189.0M	2.59%	+$6.7M Bought	— 6.2M shares	Q2 2022 Held for 3y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Forum Financial Management, LP's latest filing

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Market Value

$7.3B

Prior: $6.6B

Q/Q Change

+11.16%

+$733.8M

Net Flows % of MV

+4.25%

Turnover Ratio

3.55%

New Purchases

70 stocks

$16.8M

Added To

625 stocks

+$393.0M

Sold Out Of

53 stocks

$14.6M

Reduced Holdings

173 stocks

-$84.3M

Increased Positions

Position	Shares Δ	Change
1 Vanguard Information Technology VGT	New	0 → 868.0 +$648.1K
2 Bloom Energy BE	New	0 → 5.6K +$475.1K
3 Astera Labs, Inc. ALAB	New	0 → 1.7K +$339.7K
4 Teekay Tankers TNK	New	0 → 6.4K +$323.6K
5 IonQ IONQ	New	0 → 5.0K +$307.4K

Decreased Positions

Position	Shares Δ	Change
1 Dimensional Ultrashort Fixed Income DUSB	Sold	16.9K → 0 −$855.4K
2 DFLV Dimensional US Large Cap Value DFLV	Sold	18.7K → 0 −$580.7K
3 Hess HES	Sold	3.7K → 0 −$517.2K
4 Pursuit Attractions and Hospitality, Inc. PRSU	Sold	17.2K → 0 −$496.3K
5 Centene CNC	Sold	8.8K → 0 −$477.2K

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Analytics

Portfolio insights and performance metrics for Forum Financial Management, LP

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Sector Allocation

ETF

83.80%

Technology

4.10%

Healthcare

2.50%

Financial Services

2.30%

Communication Services

1.80%

Industrials

1.30%

Consumer Cyclical

1.20%

Consumer Defensive

0.70%

Energy

0.60%

Basic Materials

0.30%

Utilities

0.10%

Market Cap Distribution

Mega Cap (> $200B)

7.21%

Large Cap ($10B - $200B)

6.73%

Mid Cap ($2B - $10B)

0.87%

Small Cap ($300M - $2B)

0.10%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

0.05%

N/A (ETF or Unknown)

85.02%

Portfolio Concentration

Top 10 Holdings %

74.92%

Top 20 Holdings %

83.43%

Top 50 Holdings %

89.59%

Top 100 Holdings %

92.44%