Professional Financial Management Inc.: Significant ETF Purchases and Sales Observed in Q3 2026
PFM, a professional financial management firm, made notable changes to its portfolio during the third quarter of 2026.
As reported by InsiderSet for the period ending June 30, 2026 (Q3 2026), Professional Financial Management Inc. saw substantial shifts in its holdings compared to the previous quarter.
The firm demonstrated significant buying activity during this quarter, adding considerable weight to several exchange-traded funds (ETFs). Notable purchases included a massive increase of VGIT shares by 100%, effectively doubling its position in Vanguard Scottsdale Municipal Funds. Similarly, the firm significantly boosted its stake in TBUX, T Rowe Price Exchange-Traded Fund, with a nearly seven-fold increase (73.92% change). Other significant additions were made to SPTL and FNDE.
In terms of sector allocation, PFM's portfolio remains concentrated in the Financial Services sector. The firm holds positions in funds like LEO and MYI, which focus on municipal income. However, the data provided does not detail specific changes within this sector beyond what is listed in the changed_holdings.
Conversely, PFM also made strategic adjustments and reductions to certain holdings during Q3 2026. The largest reduction was observed in EYLD, CAMBRIA ETF TR, where the firm sold off approximately 29% of its stake (change_percent_from_prior_period: -28.89%). Other funds saw decreases or exits from their portfolios, including TLH (ISHARES TR) with a small 1% reduction (-1.08%), and PXH (INVESCO EXCH TRADED FD TR II) which experienced a moderate change of about 9.56%. Additionally, the firm exited its position in XPCQX, PIMCO CALIF MUN INCOME FD.
Furthermore, while not a purchase or sale per se, there were notable changes to existing positions. Funds like TAIL (CAMBRIA ETF TR) and EDV (VANGUARD WORLD FD) saw increases, albeit smaller than the significant buys. The firm also made adjustments to other funds such as SCHQ, SCHWAB STRATEGIC TR, and IVOL, KRANESHARES TRUST.
Overall, PFM's portfolio management in Q3 2026 involved both strategic additions to specific ETFs and reductions from others. The firm maintained a total of 24 holdings during this quarter, with the top five positions accounting for approximately 48.55% of the total portfolio value (as per top_holdings_by_weight). Detailed information on all changes can be found in the full filing.