# EDGAR Filing Document

**Accession Number:** 0000831114
**File Stem:** 0000894189-26-002231
**Filing Date:** 2026-1
**Character Count:** 18265
**Document Hash:** bade6026f6364945313a1bf4956b0ade
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002231.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0000894189-26-002231

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RBB FUND, INC.
- **CENTRAL INDEX KEY:** 0000831114

**ORGANIZATION NAME:**
- **EIN:** 510312196
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05518
- **FILM NUMBER:** 26569795

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 609-731-6256

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN ST.
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RBB FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FUND INC /DE/
- **DATE OF NAME CHANGE:** 19600201

## Series and Classes Contracts Data

### F/M INVESTMENTS LARGE CAP FOCUSED FUND (Series ID: S000080833)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000243395 | Investor Shares      | IAFMX           |
| C000243396 | Institutional Shares | IAFLX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **F/m Investments Large Cap Focused Fund** | **F/m Investments Large Cap Focused Fund** | **F/m Investments Large Cap Focused Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 86.1%** | **Shares** | **Value**  |
| **Asset Management - 3.1%** | **Asset Management - 3.1%** | |
| LPL Financial Holdings, Inc. | 7575 | $2697003 |
| **E-Commerce Discretionary - 5.7%** | **E-Commerce Discretionary - 5.7%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 21136 | 4929338 |
| **Electric Utilities - 5.0%** | **Electric Utilities - 5.0%** |  |
| Eversource Energy | 64837 | 4355750 |
| **Entertainment Content - 2.7%** | **Entertainment Content - 2.7%** |  |
| Netflix, Inc. <sup>(a)</sup> | 21980 | 2364608 |
| **Internet Media & Services - 7.4%** | **Internet Media & Services - 7.4%** |  |
| Alphabet, Inc. - Class A | 7601 | 2433688 |
| Meta Platforms, Inc. - Class A | 6263 | 4058111 |
|  |  | 6491799 |
| **Renewable Energy - 4.8%** | **Renewable Energy - 4.8%** |  |
| First Solar, Inc. <sup>(a)</sup> | 15501 | 4230533 |
| **Retail - Consumer Staples - 2.3%** | **Retail - Consumer Staples - 2.3%** |  |
| Casey's General Stores, Inc. | 3517 | 2006308 |
| **Semiconductors - 20.2%** | **Semiconductors - 20.2%** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 10337 | 2248608 |
| Astera Labs, Inc. <sup>(a)</sup> | 16832 | 2652218 |
| Broadcom, Inc. | 9558 | 3851492 |
| NVIDIA Corp. | 50193 | 8884161 |
|  |  | 17636479 |
| **Software - 10.5%** | **Software - 10.5%** |  |
| Microsoft Corp. | 7912 | 3892783 |
| Palantir Technologies, Inc. - Class A <sup>(a)</sup> | 12611 | 2124323 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 8394 | 1595951 |
| ServiceNow, Inc. <sup>(a)</sup> | 1874 | 1522457 |
|  |  | 9135514 |
| **Specialty Finance - 1.7%** | **Specialty Finance - 1.7%** |  |
| Mastercard, Inc. - Class A | 2638 | 1452298 |
| **Technology Hardware - 18.2%** | **Technology Hardware - 18.2%** |  |
| Apple, Inc. | 56981 | 15889152 |
| **Telecommunications - 4.5%** | **Telecommunications - 4.5%** |  |
| Verizon Communications, Inc. | 95313 | 3918317 |
| **TOTAL COMMON STOCKS** (Cost $56,692,875) | **TOTAL COMMON STOCKS** (Cost $56,692,875) | 75107099 |
| **EXCHANGE TRADED FUNDS - 8.9%** | **Shares** | **Value**  |
| F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF <sup>(b)</sup> | 50746 | 2530195 |
| F/m US Treasury 6 Month Bill ETF <sup>(b)</sup> | 105116 | 5276298 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $7,819,145) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $7,819,145) | 7806493 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 5.1%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.91% <sup>(c)</sup> | 4407603 | 4407603 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,407,603) | **TOTAL MONEY MARKET FUNDS** (Cost $4,407,603) | 4407603 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $68,919,623**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $68,919,623**)** | 87321195 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (126496) |
| **TOTAL NET ASSETS - 100.0%** |  | $87194699 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. | More narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting purposes. |

---

(a) Non-income producing security.

(b) Affiliated security as defined by the Investment Company Act of 1940.

(c) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
F/m Investments Large Cap Focused Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $75107099 | $– | $– | $75107099 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 7806493 | – | – | 7806493 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4407603 | – | – | 4407603 |
| Total Investments | $87321195 | $– | $– | $87321195 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** RBB Fund, Inc.

- **b. Investment Company Act file number:** 811-05518

- **c. CIK number of Registrant:** 0000831114

- **d. LEI of Registrant:** 5493005KKD0GVHSW0D29

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 262-378-6278

**Item A.2. Information about the Series.**

- **a. Name of Series:** F/m Large Cap Focused Fund

- **b. EDGAR series identifier (if any):** S000080833

- **c. LEI of Series:** 549300O3C0Q0GT254653

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $87387580.85

**Total Liabilities:** $193145.24

**Net Assets:** $87194435.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243395 | 5.11%                | 5.56%                | -3.91%               |
| Class ID C000243396 | 5.14%                | 5.61%                | -3.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3851022.16              | $341560.91                                 |
| Month 2  | $700864.95               | $4100532.14                                |
| Month 3  | $3846371.08              | $-7356532.55                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc                   | Alphabet Inc                                                  | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      7601 | NS      | $2433688.18   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                                                  | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9558 | NS      | $3851491.68   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     64837 | NS      | $4355749.66   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                                   | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     50193 | NS      | $8884161.00   | 10.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                                            | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      6263 | NS      | $4058110.85   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc      | Palantir Technologies Inc                                     | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     12611 | NS      | $2124322.95   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| F/m Ultrashort Treasury Inflat | F/m Ultrashort Treasury Inflation-Protected Security TIPS ETF | CUSIP: 74933W213<br>LEI: 5299000J5VH6XTHXW407 | Long             | EC               | RF                | US        |     50746 | NS      | $2530195.56   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                                    | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     95313 | NS      | $3918317.43   | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                                     | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     56981 | NS      | $15889151.85  | 18.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                    | Netflix Inc                                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     21980 | NS      | $2364608.40   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Astera Labs Inc                | Astera Labs Inc                                               | CUSIP: 04626A103<br>LEI: 529900LJL8TUEGF7HG20 | Long             | EC               | CORP              | US        |     16832 | NS      | $2652218.24   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                                    | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      3517 | NS      | $2006307.82   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                                                | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2638 | NS      | $1452298.14   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                 | ServiceNow Inc                                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1874 | NS      | $1522456.34   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     21136 | NS      | $4929337.92   | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc                                    | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      7575 | NS      | $2697003.00   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                                    | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     10337 | NS      | $2248607.61   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   4407603 | NS      | $4407603.11   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                               | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     15501 | NS      | $4230532.92   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7912 | NS      | $3892783.12   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                                        | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      8394 | NS      | $1595951.22   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| F/m US Treasury 6 Month Bill E | F/m US Treasury 6 Month Bill ETF                              | CUSIP: 74933W460<br>LEI: 549300QLI4SJRLSE5242 | Long             | EC               | RF                | US        |    105116 | NS      | $5276297.62   | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-26

**Name of Applicant:** RBB Fund, Inc.

**Signature:** /s/ James G. Shaw

**Name of Signer:** RBB Fund, Inc.

**Title:** CFO COO Secretary