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Portfolio (Quarterly) Guide ↗

Forum Financial Management, LP

· CIK 0001911832
13F Portfolio $7.7B AUM 1,127 positions Filed Jan 27, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 58 New 271 Added 198 Reduced 54 Exited
Page 3 of 14  ·  271 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 NFLX NETFLIX INC Communication Services 34,606.0 $3.2M 0.04% +31K +925.7% $93.76 -4.8%
42 VZ VERIZON COMMUNICATIONS INC Communication Services 76,495.0 $3.1M 0.04% +2K +2.6% $40.73 +17.4%
43 IBM INTERNATIONAL BUSINESS MACHS Technology 10,267.0 $3.0M 0.04% +302.0 +3.0% $296.21 -14.6%
44 MRK MERCK & CO INC Healthcare 28,358.0 $3.0M 0.04% +6K +24.9% $105.26 +10.1%
45 MUB ISHARES TR 27,703.0 $3.0M 0.04% +2K +5.8% $107.11 -1.0%
46 IVW ISHARES TR 22,527.0 $2.8M 0.04% +876.0 +4.0% $123.26 +10.8%
47 AMAT APPLIED MATLS INC Technology 10,695.0 $2.7M 0.04% +597.0 +5.9% $256.99 +66.3%
48 IWB ISHARES TR 6,785.0 $2.5M 0.03% +66.0 +1.0% $373.44 +8.4%
49 SHEL SHELL PLC Energy 34,432.0 $2.5M 0.03% +173.0 +0.5% $73.48 +18.0%
50 XLK SELECT SECTOR SPDR TR 17,403.0 $2.5M 0.03% +10K +133.6% $143.97 +24.1%
51 UNH UNITEDHEALTH GROUP INC Healthcare 7,240.0 $2.4M 0.03% +213.0 +3.0% $330.12 +16.1%
52 DHR DANAHER CORPORATION Healthcare 10,318.0 $2.4M 0.03% +383.0 +3.9% $228.92 -24.3%
53 LMT LOCKHEED MARTIN CORP Industrials 4,653.0 $2.3M 0.03% +184.0 +4.1% $483.68 +8.1%
54 UNP UNION PAC CORP Industrials 9,484.0 $2.2M 0.03% +171.0 +1.8% $231.33 +14.9%
55 GEV GE VERNOVA INC Utilities 3,172.0 $2.1M 0.03% +43.0 +1.4% $653.38 +59.8%
56 KMI KINDER MORGAN INC DEL Energy 72,845.0 $2.0M 0.03% +518.0 +0.7% $27.49 +21.9%
57 DFAU DIMENSIONAL ETF TRUST 41,380.0 $1.9M 0.03% +5K +13.6% $46.80 +9.0%
58 IVE ISHARES TR 8,826.0 $1.9M 0.02% +420.0 +5.0% $212.07 +6.6%
59 TMO THERMO FISHER SCIENTIFIC INC Healthcare 2,971.0 $1.7M 0.02% +624.0 +26.6% $579.45 -22.0%
60 CVS CVS HEALTH CORP Healthcare 21,282.0 $1.7M 0.02% +995.0 +4.9% $79.36 +17.6%
Page 3 of 14  ·  271 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 25.0%
Financial Services 18.0%
Healthcare 17.6%
Communication Services 11.5%
Consumer Cyclical 7.7%
Industrials 7.1%
Energy 6.1%
Consumer Defensive 3.8%
Basic Materials 2.1%
Utilities 0.9%