Financial Management

LITTLE ROCK, ARfiles as Financial Management, Inc.

$122m in 46 US stocks at the end of 30 June 2026. The top 10 are 68.6% of the money. It changed about 4.2% of the portfolio this quarter.

Value

$122m

Stocks

Top 10 share

68.6%

Turnover

4.2%

What changed this quarter

New

Bought for the first time this quarter.

IntelINTC
0.3% of the fund
Vanguard World FDVGT
0.2% of the fund
Ishares TRIJT
0.2% of the fund
Cisco SystemsCSCO
0.2% of the fund
Invesco Exch Traded FD TR IIQQQM
0.2% of the fund
Ishares TRLRGF
0.2% of the fund
Neos ETF TrustSPYI
0.2% of the fund

Added

Bought more of a stock they already held.

Ishares TRIDEV
9.4% of the fund
+8%
Ishares TRIQLT
8.4% of the fund
+3%
Franklin Templeton ETF TRFLQM
7.5% of the fund
+2%
Spdr Series TrustSPSB
7.1% of the fund
+2%
Invesco Exchange Traded FD TSPHQ
6.4% of the fund
+3%
Spdr Series TrustSJNK
5.6% of the fund
+17%
Spdr Index SHS FDSSPEM
4.3% of the fund
+8%
Schwab Strategic TRSCHP
3.6% of the fund
+6%
Ishares TRUSRT
3.2% of the fund
+8%
Ishares TRIGIB
2.9% of the fund
+4%
Ishares TRREZ
1.9% of the fund
+2%
Janus Detroit STR TRJMBS
1.8% of the fund
+6%
First TR Exchange Traded FDSDVY
1.6% of the fund
+2%
Schwab Strategic TRSCHG
0.3% of the fund
+6%

Cut

Sold some of their stake.

WalmartWMT
2.1% of the fund
-3%
Waste ManagementWM
1.4% of the fund
-2%
AppleAAPL
1.1% of the fund
-12%
Coca-ColaKO
0.3% of the fund
-6%
Ishares TRIVV
0.2% of the fund
-3%
Johnson & JohnsonJNJ
0.2% of the fund
-18%

Sold out

Sold their entire stake.

None this quarter.

Holdings

Ishares TRIDEV
Share
9.4%
Value
$12m
Shares
129,318
+8%
Invesco QQQ TRQQQ
Share
9.2%
Value
$11m
Shares
15,224
Held
Ishares TRIQLT
Share
8.4%
Value
$10m
Shares
207,017
+3%
Franklin Templeton ETF TRFLQM
Share
7.5%
Value
$9m
Shares
158,281
+2%
Spdr Series TrustSPSB
Share
7.1%
Value
$9m
Shares
287,059
+2%
Invesco Exchange Traded FD TSPHQ
Share
6.4%
Value
$8m
Shares
86,291
+3%
Invesco Exchange Traded FD TXMHQ
Share
5.6%
Value
$7m
Shares
60,827
Held
Spdr Series TrustSJNK
Share
5.6%
Value
$7m
Shares
271,280
+17%
First TR Exchange-Traded ALPFYC
Share
5.1%
Value
$6m
Shares
48,568
Held
Spdr Index SHS FDSSPEM
Share
4.3%
Value
$5m
Shares
102,287
+8%
Schwab Strategic TRSCHP
Share
3.6%
Value
$4m
Shares
167,507
+6%
Ishares TRUSRT
Share
3.2%
Value
$4m
Shares
58,046
+8%
Ishares TRIGIB
Share
2.9%
Value
$4m
Shares
66,386
+4%
WalmartWMT
Share
2.1%
Value
$3m
Shares
22,416
-3%
Ishares TRREZ
Share
1.9%
Value
$2m
Shares
23,904
+2%
Janus Detroit STR TRJMBS
Share
1.8%
Value
$2m
Shares
49,017
+6%
NvidiaNVDA
Share
1.7%
Value
$2m
Shares
10,337
Held
First TR Exchange Traded FDSDVY
Share
1.6%
Value
$2m
Shares
45,253
+2%
AlphabetGOOGL
Share
1.5%
Value
$2m
Shares
5,019
Held
Waste ManagementWM
Share
1.4%
Value
$2m
Shares
7,661
-2%
Vanguard Index FDSVO
Share
1.2%
Value
$1m
Shares
17,879
Held
AppleAAPL
Share
1.1%
Value
$1m
Shares
4,761
-12%
Fidelity Covington TrustFDVV
Share
0.6%
Value
$766,712
Shares
12,717
Held
Vanguard Index FDSVB
Share
0.6%
Value
$715,485
Shares
2,360
Held
First TR Exchange-Traded FDFIW
Share
0.5%
Value
$652,597
Shares
5,959
Held
Schwab Strategic TRSCHD
Share
0.5%
Value
$574,429
Shares
18,115
Held
Exchange Traded Concepts TRUROBO
Share
0.5%
Value
$564,891
Shares
6,595
Held
Vaneck ETF TrustFLTR
Share
0.4%
Value
$532,849
Shares
20,806
Held
Ishares TRITA
Share
0.4%
Value
$530,202
Shares
2,187
Held
Bank OZKOZK
Share
0.3%
Value
$418,254
Shares
8,029
Held
Coca-ColaKO
Share
0.3%
Value
$377,739
Shares
4,648
-6%
Ishares TRIHI
Share
0.3%
Value
$368,980
Shares
7,468
Held
Schwab Strategic TRSCHG
Share
0.3%
Value
$359,824
Shares
10,633
+6%
IntelINTC
Share
0.3%
Value
$355,732
Shares
2,548
New
MicrosoftMSFT
Share
0.3%
Value
$319,331
Shares
856
Held
Amazon.comAMZN
Share
0.2%
Value
$296,495
Shares
1,244
Held
Vanguard Intl Equity Index FVEU
Share
0.2%
Value
$283,111
Shares
3,380
Held
Ishares TRIVV
Share
0.2%
Value
$268,523
Shares
359
-3%
Schwab Strategic TRFNDX
Share
0.2%
Value
$261,109
Shares
8,396
Held
Vanguard World FDVGT
Share
0.2%
Value
$230,424
Shares
1,928
New
Ishares TRIJT
Share
0.2%
Value
$218,678
Shares
1,224
New
Cisco SystemsCSCO
Share
0.2%
Value
$215,879
Shares
1,838
New
Invesco Exch Traded FD TR IIQQQM
Share
0.2%
Value
$208,640
Shares
689
New
Johnson & JohnsonJNJ
Share
0.2%
Value
$205,727
Shares
810
-18%
Ishares TRLRGF
Share
0.2%
Value
$203,545
Shares
2,691
New
Neos ETF TrustSPYI
Share
0.2%
Value
$202,726
Shares
3,819
New

Company	Share of fund	Value	Shares	Change
Ishares TRIDEV	9.4%	$12m	129,318	+8%
Invesco QQQ TRQQQ	9.2%	$11m	15,224	Held
Ishares TRIQLT	8.4%	$10m	207,017	+3%
Franklin Templeton ETF TRFLQM	7.5%	$9m	158,281	+2%
Spdr Series TrustSPSB	7.1%	$9m	287,059	+2%
Invesco Exchange Traded FD TSPHQ	6.4%	$8m	86,291	+3%
Invesco Exchange Traded FD TXMHQ	5.6%	$7m	60,827	Held
Spdr Series TrustSJNK	5.6%	$7m	271,280	+17%
First TR Exchange-Traded ALPFYC	5.1%	$6m	48,568	Held
Spdr Index SHS FDSSPEM	4.3%	$5m	102,287	+8%
Schwab Strategic TRSCHP	3.6%	$4m	167,507	+6%
Ishares TRUSRT	3.2%	$4m	58,046	+8%
Ishares TRIGIB	2.9%	$4m	66,386	+4%
WalmartWMT	2.1%	$3m	22,416	-3%
Ishares TRREZ	1.9%	$2m	23,904	+2%
Janus Detroit STR TRJMBS	1.8%	$2m	49,017	+6%
NvidiaNVDA	1.7%	$2m	10,337	Held
First TR Exchange Traded FDSDVY	1.6%	$2m	45,253	+2%
AlphabetGOOGL	1.5%	$2m	5,019	Held
Waste ManagementWM	1.4%	$2m	7,661	-2%
Vanguard Index FDSVO	1.2%	$1m	17,879	Held
AppleAAPL	1.1%	$1m	4,761	-12%
Fidelity Covington TrustFDVV	0.6%	$766,712	12,717	Held
Vanguard Index FDSVB	0.6%	$715,485	2,360	Held
First TR Exchange-Traded FDFIW	0.5%	$652,597	5,959	Held
Schwab Strategic TRSCHD	0.5%	$574,429	18,115	Held
Exchange Traded Concepts TRUROBO	0.5%	$564,891	6,595	Held
Vaneck ETF TrustFLTR	0.4%	$532,849	20,806	Held
Ishares TRITA	0.4%	$530,202	2,187	Held
Bank OZKOZK	0.3%	$418,254	8,029	Held
Coca-ColaKO	0.3%	$377,739	4,648	-6%
Ishares TRIHI	0.3%	$368,980	7,468	Held
Schwab Strategic TRSCHG	0.3%	$359,824	10,633	+6%
IntelINTC	0.3%	$355,732	2,548	New
MicrosoftMSFT	0.3%	$319,331	856	Held
Amazon.comAMZN	0.2%	$296,495	1,244	Held
Vanguard Intl Equity Index FVEU	0.2%	$283,111	3,380	Held
Ishares TRIVV	0.2%	$268,523	359	-3%
Schwab Strategic TRFNDX	0.2%	$261,109	8,396	Held
Vanguard World FDVGT	0.2%	$230,424	1,928	New
Ishares TRIJT	0.2%	$218,678	1,224	New
Cisco SystemsCSCO	0.2%	$215,879	1,838	New
Invesco Exch Traded FD TR IIQQQM	0.2%	$208,640	689	New
Johnson & JohnsonJNJ	0.2%	$205,727	810	-18%
Ishares TRLRGF	0.2%	$203,545	2,691	New
Neos ETF TrustSPYI	0.2%	$202,726	3,819	New

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 15.9% since 31 December 2025.

Where the money is

Technology3.6%

Everyday goods2.4%

Media & telecom1.5%

Industrials1.4%

Financial services0.3%

Retail & consumer0.2%

Health care0.2%

Other90.4%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.