Financial Management, Inc.

Portfolio Overview

Financial Management, Inc. disclosed 46 positions worth $122.0M in its Form 13F-HR for Q2 2026, followed by $QQQ. During the quarter the fund opened 6 new positions and exited 0 — including a new stake in $INTC. The portfolio is most concentrated in Other (78.6% of disclosed assets). All figures are sourced directly from Financial Management, Inc.’s Form 13F-HR filing with the SEC under CIK 2143070.

• ISHARES TR - CORE MSCI INTL

  —

  Quality

  $11.5M129,318 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $11.2M15,224 sh

• ISHARES TR - MSCI INTL QUALTY

  —

  Quality

  $10.3M207,017 sh

• FRANKLIN TEMPLETON ETF TR - US MID CP MLTFCT

  —

  Quality

  $9.2M158,281 sh

• SPDR SERIES TRUST - ST SHOR CORP ETF

  —

  Quality

  $8.6M287,059 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $7.8M86,291 sh
• 

  Invesco Ltd.

  $IVZ

  —

  Quality

  $6.9M60,827 sh

• SPDR SERIES TRUST - ST TERM HIGH ETF

  —

  Quality

  $6.8M271,280 sh

• FIRST TR EXCHANGE-TRADED ALP - SML CP GRW ALP

  —

  Quality

  $6.2M48,568 sh

• SPDR INDEX SHS FDS - ST PORT MARK ETF

  —

  Quality

  $5.3M102,287 sh

Company	Quality	Value	Shares
ISHARES TR - CORE MSCI INTL	—	$11.5M	129,318
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$11.2M	15,224
ISHARES TR - MSCI INTL QUALTY	—	$10.3M	207,017
FRANKLIN TEMPLETON ETF TR - US MID CP MLTFCT	—	$9.2M	158,281
SPDR SERIES TRUST - ST SHOR CORP ETF	—	$8.6M	287,059
Invesco Ltd.$IVZ	—	$7.8M	86,291
Invesco Ltd.$IVZ	—	$6.9M	60,827
SPDR SERIES TRUST - ST TERM HIGH ETF	—	$6.8M	271,280
FIRST TR EXCHANGE-TRADED ALP - SML CP GRW ALP	—	$6.2M	48,568
SPDR INDEX SHS FDS - ST PORT MARK ETF	—	$5.3M	102,287

Showing top 10 of 46 holdings.

Full Holdings — Financial Management, Inc. (Q2 2026)

All 46 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	ISHARES TR - CORE MSCI INTL	$11.5M	9.4%	+8%	—
2	$QQQ	INVESCO QQQ TRUST, SERIES 1	$11.2M	9.2%	+1%	—
3	—	ISHARES TR - MSCI INTL QUALTY	$10.3M	8.4%	+3%	—
4	—	FRANKLIN TEMPLETON ETF TR - US MID CP MLTFCT	$9.2M	7.5%	+2%	—
5	—	SPDR SERIES TRUST - ST SHOR CORP ETF	$8.6M	7.1%	+2%	—
6	$IVZ	Invesco Ltd.	$7.8M	6.4%	+3%	—
7	$IVZ	Invesco Ltd.	$6.9M	5.6%	+1%	—
8	—	SPDR SERIES TRUST - ST TERM HIGH ETF	$6.8M	5.6%	+17%	—
9	—	FIRST TR EXCHANGE-TRADED ALP - SML CP GRW ALP	$6.2M	5.1%	+1%	—
10	—	SPDR INDEX SHS FDS - ST PORT MARK ETF	$5.3M	4.3%	+8%	—
11	—	SCHWAB STRATEGIC TR - US TIPS ETF	$4.4M	3.6%	+6%	—
12	—	ISHARES TR - CRE U S REIT ETF	$3.9M	3.2%	+8%	—
13	—	ISHARES TR - ISHS 5-10YR INVT	$3.5M	2.9%	+4%	—
14	$WMT	Walmart Inc.	$2.5M	2.1%	-3%	59.9
15	—	ISHARES TR - RESIDENTIAL MULT	$2.3M	1.9%	+2%	—
16	—	JANUS DETROIT STR TR - HENDERSON MTG	$2.2M	1.8%	+6%	—
17	$NVDA	NVIDIA CORP	$2.1M	1.7%	+0%	85.9
18	—	FIRST TR EXCHANGE TRADED FD - SMID RISNG ETF	$2.0M	1.6%	+2%	—
19	$GOOG	Alphabet Inc.	$1.8M	1.5%	+0%	78.1
20	$WM	WASTE MANAGEMENT INC	$1.7M	1.4%	-2%	67.2
21	—	VANGUARD INDEX FDS - MID CAP ETF	$1.4M	1.2%	+301%	—
22	$AAPL	Apple Inc.	$1.4M	1.1%	-12%	76.3
23	—	FIDELITY COVINGTON TRUST - HIGH DIVID ETF	$766,712	0.6%	+1%	—
24	—	VANGUARD INDEX FDS - SMALL CP ETF	$715,485	0.6%	+0%	—
25	—	FIRST TR EXCHANGE-TRADED FD - WTR ETF	$652,597	0.5%	+0%	—
26	—	SCHWAB STRATEGIC TR - US DIVIDEND EQ	$574,429	0.5%	+1%	—
27	—	EXCHANGE TRADED CONCEPTS TRU - ROBO GLB ETF	$564,891	0.5%	+0%	—
28	—	VANECK ETF TRUST - IG FLOA RATE ETF	$532,849	0.4%	+1%	—
29	—	ISHARES TR - US AER DEF ETF	$530,202	0.4%	+0%	—
30	$OZK	Bank OZK	$418,254	0.3%	+0%	—
31	$KO	COCA COLA CO	$377,739	0.3%	-6%	69.3
32	—	ISHARES TR - U.S. MED DVC ETF	$368,980	0.3%	+0%	—
33	—	SCHWAB STRATEGIC TR - US LCAP GR ETF	$359,824	0.3%	+6%	—
34	$INTC	INTEL CORP	$355,732	0.3%	NEW	45.5
35	$MSFT	MICROSOFT CORP	$319,331	0.3%	+0%	79.7
36	$AMZN	AMAZON COM INC	$296,495	0.2%	+0%	68.4
37	—	VANGUARD INTL EQUITY INDEX F - ALLWRLD EX US	$283,111	0.2%	+0%	—
38	—	ISHARES TR - CORE S&P500 ETF	$268,523	0.2%	-3%	—
39	—	SCHWAB STRATEGIC TR - FUNDAMENTAL US L	$261,109	0.2%	+0%	—
40	—	VANGUARD WORLD FD - INF TECH ETF	$230,424	0.2%	NEW	—
41	—	ISHARES TR - S&P SML 600 GWT	$218,678	0.2%	NEW	—
42	$CSCO	CISCO SYSTEMS, INC.	$215,879	0.2%	NEW	70.1
43	$IVZ	Invesco Ltd.	$208,640	0.2%	NEW	—
44	$JNJ	JOHNSON & JOHNSON	$205,727	0.2%	-18%	68.8
45	—	ISHARES TR - U S EQUITY FACTR	$203,545	0.2%	NEW	—
46	—	NEOS ETF TRUST - NEOS S&P 500 HI	$202,726	0.2%	NEW	—