Financial Management Professionals Inc. Q2 2026 Portfolio Activity Analysis

Financial Management Professionals, Inc. (FMP), as of June 30th, 2026, has shown active portfolio management during the second quarter of this year.

The analysis reveals several key movements:

• New Position: FMP initiated a position in Dimensional Emerging Core Equity Market ETF (DFAE), adding over 732 thousand shares valued at approximately $29.5 million, representing a significant allocation increase.
• Substantial Increase: There was a dramatic increase of about 149k% (though the percentage seems unusually high based on typical interpretation) in holdings for SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL), adding nearly 274 thousand shares. This suggests FMP is allocating substantial capital to short-term fixed income.
• Another Significant Increase: iShares Broad USD High YLD Corporate Bond ETF (USHY) also saw a large increase, with the addition of approximately 703 thousand shares valued at around $26.1 million.

In contrast to these buying activities, FMP also demonstrated significant selling during this period:

• Major Sale: The investor sold a substantial position in SPDR Balt Am SRT TR Int TRY Bond ETF (BWZ), reducing its holdings by nearly 901 thousand shares. This exit resulted in the ETF's value dropping from about $394k to just $2,568 over the quarter.
• Other Notable Exits: Sales were also observed in Vanguard Short-Term Corporate Bond ETF (VWO), John Hancock CoreFlex Small Cap Growth Fund (MRVL - though symbol seems incorrect for VWO based on data provided), SPDR Portfolio S&P 1500 Completion Strategy ETF (SPTM), and others, although the specific symbols or details of these sales are not fully detailed in this section.

Furthermore, FMP continued to adjust its existing holdings:

• Ongoing Adjustments: The investor made adjustments to several other ETFs including Schwab US Large Cap ETF (SCHX), Vanguard Small Cap ETF (VB), John Hancock Multifactor Mid Cap Core Fund (JHMM), and others, as indicated by the changes in shares reported.
• Consistent Holdings: Despite these adjustments, core holdings like Goldman Sachs ActiveBeta US Large Cap Equity ETF (GSLC) and iShares Russell 1000 Growth ETF (SPYG - though symbol seems incorrect based on data provided) remained relatively stable in terms of their share changes.

The overall portfolio structure reflects a blend of strategies, including exposure to emerging markets via DFAE, allocation towards short-term safety with BIL, and continued presence in large-cap growth ETFs like SCHX. The significant shifts observed underscore FMP's dynamic approach to managing its investments.

For more detailed insights into FMP's portfolio holdings or performance metrics for specific assets mentioned above, please refer to the official filing data available at FMP's institutional profile and via links to individual ETFs like DFAE (DFAE) or BIL (BIL). The full list of holdings, including their allocations and changes from the previous quarter, can be found in the provided data.