Professional Financial Management
APPLETON, WIfiles as Professional Financial Management, Inc.
$99m in 24 US stocks at the end of 30 June 2026. The top 10 are 74.4% of the money. It changed about 14.8% of the portfolio this quarter.
Value
$99m
Stocks
24
Top 10 share
74.4%
Turnover
14.8%
What changed this quarter
New
Bought for the first time this quarter.
- Vanguard Scottsdale FDSVGIT7.1% of the fund
- Spdr Series TrustSPTL1.5% of the fund
- Schwab Strategic TRFNDE0.6% of the fund
Added
Bought more of a stock they already held.
- Vanguard Scottsdale FDSVGLT16.4% of the fund+21%
- Cambria ETF TRTAIL8.4% of the fund+6%
- Vanguard World FDEDV8.0% of the fund+7%
- T Rowe Price Exchange-TradedTBUX5.2% of the fund+74%
- Invesco Exch Traded FD TR IIPXH4.6% of the fund+10%
- Simplify Exchange Traded FUNTUA4.3% of the fund+4%
- Schwab Strategic TRSCHQ3.5% of the fund+9%
- Kraneshares TrustIVOL3.1% of the fund+5%
- Schwab Strategic TRSCHR0.4% of the fund+38%
Cut
Sold some of their stake.
- Cambria ETF TREYLD6.9% of the fund-29%
- Ishares TRSGOV2.7% of the fund-2%
- Neuberger Municipal FundNBH2.6% of the fund-2%
- RiverNorth Flexible Municipal Income Fund IIRFMZ2.5% of the fund-2%
- Pimco Calif MUN Income FDXPCQX1.8% of the fund-3%
- Blackrock Muniholdings FundMHD1.7% of the fund-3%
- Blackrock Muniyield Quality Fund IIIMYI1.6% of the fund-7%
- BNY Mellon Strategic MunicipalsLEO1.4% of the fund-6%
- Pimco New York Municipal Income Fund IIPNI1.3% of the fund-3%
Sold out
Sold their entire stake.
- Simplify Exchange Traded FUNMTBA-100%
- IsharesEMXC-100%
Holdings
- Vanguard Scottsdale FDSVGLT
- Share
- 16.4%
- Value
- $16m
- Shares
- 293,907
+21%
- Vaneck ETF TrustGDXJ
- Share
- 8.6%
- Value
- $8m
- Shares
- 85,849
Held
- Cambria ETF TRTAIL
- Share
- 8.4%
- Value
- $8m
- Shares
- 781,347
+6%
- Vanguard World FDEDV
- Share
- 8.0%
- Value
- $8m
- Shares
- 121,134
+7%
- Vanguard Scottsdale FDSVGIT
- Share
- 7.1%
- Value
- $7m
- Shares
- 119,119
New
- Cambria ETF TREYLD
- Share
- 6.9%
- Value
- $7m
- Shares
- 149,520
-29%
- T Rowe Price Exchange-TradedTBUX
- Share
- 5.2%
- Value
- $5m
- Shares
- 102,592
+74%
- Ishares TRTLH
- Share
- 5.0%
- Value
- $5m
- Shares
- 49,059
Held
- Invesco Exch Traded FD TR IIPXH
- Share
- 4.6%
- Value
- $4m
- Shares
- 161,390
+10%
- Simplify Exchange Traded FUNTUA
- Share
- 4.3%
- Value
- $4m
- Shares
- 206,219
+4%
- Schwab Strategic TRSCHQ
- Share
- 3.5%
- Value
- $3m
- Shares
- 111,214
+9%
- Kraneshares TrustIVOL
- Share
- 3.1%
- Value
- $3m
- Shares
- 177,105
+5%
- Ishares TRSGOV
- Share
- 2.7%
- Value
- $3m
- Shares
- 26,608
-2%
- Neuberger Municipal FundNBH
- Share
- 2.6%
- Value
- $3m
- Shares
- 243,660
-2%
- RiverNorth Flexible Municipal Income Fund IIRFMZ
- Share
- 2.5%
- Value
- $2m
- Shares
- 179,932
-2%
- Pimco Calif MUN Income FDXPCQX
- Share
- 1.8%
- Value
- $2m
- Shares
- 200,576
-3%
- Blackrock Muniholdings FundMHD
- Share
- 1.7%
- Value
- $2m
- Shares
- 138,149
-3%
- Blackrock Muniyield Quality Fund IIIMYI
- Share
- 1.6%
- Value
- $2m
- Shares
- 138,060
-7%
- Spdr Series TrustSPTL
- Share
- 1.5%
- Value
- $1m
- Shares
- 55,917
New
- BNY Mellon Strategic MunicipalsLEO
- Share
- 1.4%
- Value
- $1m
- Shares
- 207,157
-6%
- Pimco New York Municipal Income Fund IIPNI
- Share
- 1.3%
- Value
- $1m
- Shares
- 183,260
-3%
- RiverNorth Flexible Municipal Income FundRFM
- Share
- 1.0%
- Value
- $951,241
- Shares
- 64,360
Held
- Schwab Strategic TRFNDE
- Share
- 0.6%
- Value
- $578,614
- Shares
- 14,582
New
- Schwab Strategic TRSCHR
- Share
- 0.4%
- Value
- $348,569
- Shares
- 14,135
+38%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Vanguard Scottsdale FDSVGLT | 16.4% | $16m | 293,907 | +21% |
| Vaneck ETF TrustGDXJ | 8.6% | $8m | 85,849 | Held |
| Cambria ETF TRTAIL | 8.4% | $8m | 781,347 | +6% |
| Vanguard World FDEDV | 8.0% | $8m | 121,134 | +7% |
| Vanguard Scottsdale FDSVGIT | 7.1% | $7m | 119,119 | New |
| Cambria ETF TREYLD | 6.9% | $7m | 149,520 | -29% |
| T Rowe Price Exchange-TradedTBUX | 5.2% | $5m | 102,592 | +74% |
| Ishares TRTLH | 5.0% | $5m | 49,059 | Held |
| Invesco Exch Traded FD TR IIPXH | 4.6% | $4m | 161,390 | +10% |
| Simplify Exchange Traded FUNTUA | 4.3% | $4m | 206,219 | +4% |
| Schwab Strategic TRSCHQ | 3.5% | $3m | 111,214 | +9% |
| Kraneshares TrustIVOL | 3.1% | $3m | 177,105 | +5% |
| Ishares TRSGOV | 2.7% | $3m | 26,608 | -2% |
| Neuberger Municipal FundNBH | 2.6% | $3m | 243,660 | -2% |
| RiverNorth Flexible Municipal Income Fund IIRFMZ | 2.5% | $2m | 179,932 | -2% |
| Pimco Calif MUN Income FDXPCQX | 1.8% | $2m | 200,576 | -3% |
| Blackrock Muniholdings FundMHD | 1.7% | $2m | 138,149 | -3% |
| Blackrock Muniyield Quality Fund IIIMYI | 1.6% | $2m | 138,060 | -7% |
| Spdr Series TrustSPTL | 1.5% | $1m | 55,917 | New |
| BNY Mellon Strategic MunicipalsLEO | 1.4% | $1m | 207,157 | -6% |
| Pimco New York Municipal Income Fund IIPNI | 1.3% | $1m | 183,260 | -3% |
| RiverNorth Flexible Municipal Income FundRFM | 1.0% | $951,241 | 64,360 | Held |
| Schwab Strategic TRFNDE | 0.6% | $578,614 | 14,582 | New |
| Schwab Strategic TRSCHR | 0.4% | $348,569 | 14,135 | +38% |
Over time and by industry
Value over time
Dec '25
Jun '26
Value is up 11.8% since 31 December 2025.
Where the money is
Other100.0%
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.