FMB WEALTH MANAGEMENT

CIK 0002040224 · Q2 2026

13F Equity AUM

$271.8M

+12.5% QoQ

Positions

+1 QoQ

AUM Rank

#6,925

Top 55%

Skill Alpha (FF)

+1.3%/yr^ns

No Clear Edge

Rank #1,702 · Top 21%

vs S&P -2.4%/yr (unadj.)

Quarters Tracked

~3 years

Portfolio Concentration

Top 5: 46.3%Top 10: 63.7%Top 20: 81.8%

DFAC18.8%

DXUV8.0%

AVUS8.0%

DFAX6.3%

DXIV5.2%

DFIC4.2%

DFAU4.1%

DFUS3.3%

DFSD3.1%

DFAT2.6%

Others (64)36.3%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services91.7%

Technology4.2%

Other4.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 74Median: 0.37%Avg: 1.35%

0–0.5%

43(9.0%)

0.5–1%

8(5.9%)

1–3%

14(24.1%)

3–5%

4(14.7%)

5%+

5(46.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 74vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New3Increased26Decreased23Exited2

New Positions

DFCA0.1%

+8K

MRVL0.1%

+1K

IBM0.1%

+802

Increased

DFIC4.2%

+23K(+8%)

DFSD3.1%

+19K(+12%)

DFAC18.8%

+16K(+1%)

DCOR1.7%

+10K(+21%)

VO0.4%

+9K(+300%)

DFEM0.7%

+5K(+10%)

DFIP0.5%

+4K(+13%)

DFAR0.9%

+2K(+2%)

AVDE2.5%

+876(+1%)

AVUS8.0%

+429(+0%)

Decreased

DFAX6.3%

-11,961(-3%)

VTIP0.3%

-3,256(-15%)

DFUS3.3%

-2,497(-2%)

DFAT2.6%

-2,089(-2%)

DFUV2.1%

-1,964(-2%)

DUSB1.1%

-1,725(-3%)

DFAS1.9%

-1,319(-2%)

DXIV5.2%

-1,180(-1%)

DFAE1.3%

-786(-1%)

DUHP0.1%

-717(-11%)

Exited

-1,930

NEE

-2,275

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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