Formidable Asset Management, LLC

CIK 1592613 · View on SEC EDGAR ↗

Portfolio value QoQ: -2.9% 13F does not disclose cash

Top 10 holdings weight32.80%

Top 25 holdings weight47.96%

Positions above 1%18

Effective number of positions59.2

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.7% Est. buys $36,365,779 · sells $37,150,658

Median holding: 6.0 quarters Tracked Q1 2025–Q2 2026 · 76.8% still held

New positions39

Increased111

Decreased191

Closed33

Portfolio value $628.8M #3,336 of 9,337 by 13F value · top 35.7%

Positions 387

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 20.4%

Financials 8.1%

Healthcare 7.0%

Communication Services 6.9%

Industrials 6.2%

Consumer products 6.1%

Retail 5.0%

Energy 3.8%

Consumer Discretionary 2.8%

Utilities 2.1%

Materials 1.6%

Consumer Staples 1.6%

Real Estate 0.5%

Other/Unmapped 28.0%

Full portfolio 387 positions

Search positions by ticker or company name

					Streak
AAPL Apple Inc. - Common Stock	$45,248,759	7.20%	178,292	$-3,822,455	Down ×6
PG Procter & Gamble Company (The) Common Stock	$36,462,480	5.80%	252,440	$-170,059	Down ×4
NVDA NVIDIA Corporation - Common Stock	$24,763,961	3.94%	141,425	$-1,761,840	Down ×4
KONG ETF Opportunities Trust	$18,623,360	2.96%	630,659	$-919,888	Down ×2
FORH Formidable ETF	$17,764,329	2.83%	729,772	$-31,659	Down ×4
MSFT Microsoft Corporation - Common Stock	$17,589,791	2.80%	47,497	$-4,687,705	Up ×1
META Meta Platforms, Inc. - Class A Common Stock	$14,482,001	2.30%	25,339	$-4,438,750	Down ×1
GOOG Alphabet Inc. - Class C Capital Stock	$12,021,188	1.91%	41,490	$-1,001,800	Down ×3
LLY Eli Lilly and Company Common Stock	$10,676,189	1.70%	11,607	$-2,178,091	Down ×2
AMZN Amazon.com, Inc. - Common Stock	$8,582,807	1.37%	41,210	$-389,859	Up ×1
JPM JP Morgan Chase & Co. Common Stock	$8,105,606	1.29%	27,555	$-561,883	Up ×2
TSLA Tesla, Inc. - Common Stock	$7,664,723	1.22%	20,910	$-1,131,350	Up ×4
BABA Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share	$7,499,981	1.19%	60,749	$-1,359,574	Up ×4
GGN CUSIP: 36465A109	$7,289,581	1.16%	1,370,222	$186,655	Down ×4
GOOGL Alphabet Inc. - Class A Common Stock	$7,275,102	1.16%	27,147	$-730,707	Up ×1
EXG Eaton Vance Tax-Managed Global Diversified Equity Income Fund Common Shares of Beneficial Interest	$7,223,239	1.15%	834,092	$-814,358	Down ×4
XOM Exxon Mobil Corporation Common Stock	$6,783,430	1.08%	39,982	$1,972,230	Up ×1
QUAL iShares Trust	$6,518,893	1.04%	33,986	$-600,164	Down ×3
JNJ Johnson & Johnson Common Stock	$5,856,554	0.93%	23,878	$219,042	Down ×2
NEE NextEra Energy, Inc. Common Stock	$5,823,738	0.93%	62,702	$775,316	Down ×2
AVGO Broadcom Inc. - Common Stock	$5,806,333	0.92%	18,760	$-692,074	Down ×3
CHE Chemed Corp	$5,079,517	0.81%	13,148	$-1,037,422	Down ×3
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$5,012,911	0.80%	10,461	$-275,972	Down ×1
CVX Chevron Corporation Common Stock	$4,752,134	0.76%	22,968	$1,321,349	Up ×1
JGRO JPMorgan Active Growth ETF	$4,631,359	0.74%	54,796	$-1,562,912	Down ×1
VIG Vanguard Div Appreciation ETF	$4,176,250	0.66%	19,419	$-260,335	Down ×1
SHV iShares 0-1 Year Treasury Bond ETF	$4,171,638	0.66%	37,790	$1,653,609	Up ×3
QGRW WisdomTree Trust	$4,107,912	0.65%	76,884	$883,995	Up ×2
ECAT BlackRock ESG Capital Allocation Term Trust Common Shares of Beneficial Interest	$4,020,115	0.64%	296,032	$-622,630	Down ×1
IBM International Business Machines Corporation Common Stock	$3,872,121	0.62%	15,975	$-557,826	Up ×3
WMT Walmart Inc. - Common Stock	$3,853,238	0.61%	31,004	$383,043	Down ×3
ACTG Acacia Research Corporation - Common Stock	$3,736,629	0.59%	793,136	$9,980	Down ×3
JPST JPMorgan Ultra-Short Income ETF	$3,734,041	0.59%	73,781	$-1,862,199	Down ×2
TBIL F/m US Treasury 3 Month Bill Fund	$3,712,544	0.59%	74,459	$-123,381	Down ×3
V Visa Inc.	$3,590,543	0.57%	11,880	$-684,925	Down ×5
ASML ASML Holding N.V. - New York Registry Shares	$3,379,145	0.54%	2,558	$336,142	Down ×2
HD Home Depot, Inc. (The) Common Stock	$3,319,625	0.53%	10,093	$-198,468	Down ×5
FLUX Flux Power Holdings, Inc. - Common Stock	$3,042,293	0.48%	2,947,682	$-482,675	Up ×1
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	$2,971,770	0.47%	75,368	$-4,472	Down ×3
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock	$2,872,246	0.46%	7,357	$28,279	Up ×4
NEM Newmont Corporation	$2,862,667	0.46%	27,283	$564,401	Up ×1
MCD McDonald's Corporation Common Stock	$2,847,931	0.45%	9,164	$-594,719	Down ×1
LAR Lithium Argentina AG Common Shares	$2,847,399	0.45%	411,408	$1,263,523	Up ×1
HDV iShares Trust	$2,774,618	0.44%	20,444	$606,706	Up ×1
EVT Eaton Vance Tax Advantaged Dividend Income Fund Common Shares of Beneficial Interest	$2,753,553	0.44%	112,161	$-109,212	Down ×4
MO Altria Group, Inc.	$2,715,029	0.43%	41,143	$548,105	Up ×2
HQL abrdn Life Sciences Investors Shares of Beneficial Interest	$2,688,504	0.43%	165,243	$30,810	Up ×4
PEP PepsiCo, Inc. - Common Stock	$2,668,293	0.42%	17,183	$-634,249	Down ×2
IVV iShares Trust	$2,329,347	0.37%	3,566	$-133,697	Down ×1
DTH WisdomTree Trust	$2,326,180	0.37%	43,006	$102,737	Down ×2
VRT Vertiv Holdings, LLC Class A Common Stock	$2,246,270	0.36%	8,964	$821,843	Up ×1
ADBE Adobe Inc. - Common Stock	$2,238,787	0.36%	9,563	$-936,140	Down ×2
RBCAA Republic Bancorp, Inc. - Class A Common Stock	$2,198,474	0.35%	31,162	$61,682	Up ×4
NFLX Netflix, Inc. - Common Stock	$2,189,336	0.35%	22,770	$880,728	Up ×3
VKTX Viking Therapeutics, Inc. - Common Stock	$2,141,903	0.34%	64,099	$-222,711	Down ×2
ABBV AbbVie Inc. Common Stock	$2,120,112	0.34%	9,748	$-80,523	Up ×1
TSM Taiwan Semiconductor Manufacturing Company Ltd.	$2,115,229	0.34%	6,259	$-25,068	Down ×2
ORCL Oracle Corporation Common Stock	$2,077,010	0.33%	14,119	$-766,705	Down ×1
DE Deere & Company Common Stock	$2,057,114	0.33%	3,652	$325,999	Down ×4
IEF iShares 7-10 Year Treasury Bond ETF	$2,020,459	0.32%	21,170	$-212,547	Down ×1
NOW ServiceNow, Inc. Common Stock	$2,016,170	0.32%	19,840	$863,506	Up ×3
GD General Dynamics Corporation Common Stock	$2,001,674	0.32%	5,832	$14,926	Down ×4
VYM Vanguard High Dividend Yield ETF	$1,982,287	0.32%	13,385	$85,721	Up ×1
BAC Bank of America Corporation Common Stock	$1,977,862	0.31%	40,572	$-326,140	Down ×4
VZ Verizon Communications Inc. Common Stock	$1,972,066	0.31%	39,284	$-396,652	Down ×2
TLT iShares 20+ Year Treasury Bond ETF	$1,968,907	0.31%	22,712	$-142,113	Down ×2
PLTR Palantir Technologies Inc. - Class A Common Stock	$1,955,471	0.31%	13,368	$26,706	Up ×2
OBIL US Treasury 12 Month Bill ETF	$1,935,795	0.31%	38,658	$8,115	Up ×2
AMD Advanced Micro Devices, Inc. - Common Stock	$1,861,995	0.30%	9,153	$-32,036	Up ×1
GEV GE Vernova Inc. Common Stock	$1,861,588	0.30%	1,956	$946,284	Up ×1
EOG EOG Resources, Inc. Common Stock	$1,824,726	0.29%	12,622	$475,553	Down ×2
AMGN Amgen Inc. - Common Stock	$1,812,855	0.29%	5,152	$112,045	Down ×4
EXPE Expedia Group, Inc. - Common Stock	$1,769,082	0.28%	7,662	$-437,104	Down ×4
UBER Uber Technologies, Inc. Common Stock	$1,685,392	0.27%	23,431	$10,991	Up ×1
MPC Marathon Petroleum Corporation Common Stock	$1,675,249	0.27%	6,861	$559,818	Up ×1
UNP Union Pacific Corporation Common Stock	$1,674,528	0.27%	6,902	$73,470	Down ×2
DFLV Dimensional ETF Trust	$1,670,269	0.27%	46,773	$520,647	Up ×4
MA Mastercard Incorporated Common Stock	$1,669,565	0.27%	3,341	$-288,677	Down ×1
VRTX Vertex Pharmaceuticals Incorporated - Common Stock	$1,629,399	0.26%	3,518	$744,225	Up ×2
PFE Pfizer, Inc. Common Stock	$1,596,876	0.25%	56,869	$325,070	Up ×2
RPRX Royalty Pharma plc - Class A Ordinary Shares	$1,592,414	0.25%	32,010	$-282,052	Down ×2
SPY SPY	$1,582,983	0.25%	2,630	$-179,799	Up ×2
RYLD Global X Funds	$1,577,141	0.25%	105,494	$-145,808	Down ×4
OMAH Tidal Trust III	$1,550,567	0.25%	86,047	$22,770	Up ×2
TLN Talen Energy Corporation - Common Stock	$1,539,760	0.24%	4,595	$-135,587	Down ×1
ETN Eaton Corporation, PLC Ordinary Shares	$1,537,661	0.24%	4,299	$168,353
XAR SPDR SERIES TRUST	$1,530,229	0.24%	6,025	$252,139	Up ×3
OKE ONEOK, Inc. Common Stock	$1,527,049	0.24%	16,894	$700,468	Up ×1
GS Goldman Sachs Group, Inc. (The) Common Stock	$1,513,963	0.24%	1,790	$-12,819	Up ×1
SHY iShares 1-3 Year Treasury Bond ETF	$1,492,535	0.24%	18,076	$285,848	Up ×2
NEEPRT CUSIP: 65339F119	$1,488,401	0.24%	28,435	$229,599	Up ×4
GE GE Aerospace Common Stock	$1,487,874	0.24%	5,243	$-164,734	Down ×4
VYMI Vanguard International High Dividend Yield ETF	$1,471,652	0.23%	15,616	$353,354	Up ×4
TDVG T. Rowe Price Dividend Growth ETF	$1,442,085	0.23%	32,312	$-65,581	Down ×4
QCOM QUALCOMM Incorporated - Common Stock	$1,431,261	0.23%	11,114	$-688,534	Down ×3
MBIN Merchants Bancorp - Common Stock	$1,424,612	0.23%	33,200	$252,948	Down ×1
BKNG Booking Holdings Inc. - Common Stock	$1,414,668	0.22%	336	$-357,946	Up ×2
AMLP ALPS ETF Trust	$1,396,276	0.22%	26,525	$939,006	Up ×1
PYPL PayPal Holdings, Inc. - Common Stock	$1,376,642	0.22%	30,436	$-137,538	Up ×2
HON Honeywell International Inc. - Common Stock	$1,372,467	0.22%	6,072	$193,468	Up ×3
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
TSLA	$7,664,723	1.22%	up ×4
BABA	$7,499,981	1.19%	up ×4
SHV	$4,171,638	0.66%	up ×3
IBM	$3,872,121	0.62%	up ×3
CRWD	$2,872,246	0.46%	up ×4
HQL	$2,688,504	0.43%	up ×4
RBCAA	$2,198,474	0.35%	up ×4
NFLX	$2,189,336	0.35%	up ×3
NOW	$2,016,170	0.32%	up ×3
DFLV	$1,670,269	0.27%	up ×4
XAR	$1,530,229	0.24%	up ×3
NEEPRT	$1,488,401	0.24%	up ×4
VYMI	$1,471,652	0.23%	up ×4
HON	$1,372,467	0.22%	up ×3
CRM	$1,232,882	0.20%	up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
JEMA	$1,352,884	26,002	0.22%
MDLZ	$849,498	14,738	0.14%
VST	$809,307	5,384	0.13%
FLS	$554,265	7,540	0.09%
HSTM	$530,803	19,479	0.08%
NVT	$521,023	4,405	0.08%
SPXX	$510,956	31,796	0.08%
HIMU	$502,686	10,477	0.08%
SPTS	$477,222	16,354	0.08%
JPIE	$446,557	9,693	0.07%
BAM	$408,851	9,198	0.07%
MINO	$404,091	8,946	0.06%
SM	$380,016	14,560	0.06%
DVN	$376,136	9,103	0.06%
SIOO	$372,793	20,075	0.06%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
MSFT	Bought more	+781	-$4.7M
META	Trimmed	-4K	-$4.4M
AAPL	Trimmed	-2K	-$3.8M
LLY	Trimmed	-354	-$2.2M
XOM	Bought more	+2	+$2.0M
JPST	Trimmed	-37K	-$1.9M
NVDA	Trimmed	-1K	-$1.8M
SHV	Bought more	+15K	+$1.7M
JGRO	Trimmed	-12K	-$1.6M
BABA	Bought more	+307	-$1.4M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
DCI	March 31, 2026	18,554	$1,518,645	4.4%
IREN	March 31, 2026	31,536	$1,479,984	17.8%
URA	March 31, 2026	22,424	$1,068,952	-17.3%
AEM	Sept. 30, 2025	7,156	$815,642	7.8%
ADSK	June 30, 2026	2,655	$785,907	14.4%
FDS	Dec. 31, 2025	1,637	$732,417	-8.6%
ADM	June 30, 2025	14,689	$705,214	53.6%
COIN	March 31, 2026	2,074	$699,954	9.4%
SKX	Sept. 30, 2025	11,937	$677,783	No longer tracked
DFIV	June 30, 2026	12,402	$618,873
VFF	March 31, 2026	196,600	$615,358	0.0%
DOX	March 31, 2026	7,569	$609,380	-10.3%
JNPR	Sept. 30, 2025	14,787	$590,445	No longer tracked
SLB	June 30, 2026	15,070	$578,387	6.6%
DIAX	June 30, 2026	37,371	$570,281	No longer tracked
CIFR	March 31, 2026	44,623	$561,804	18.1%
G	June 30, 2026	14,741	$549,102	21.7%
MKTX	March 31, 2026	2,963	$537,044	-0.5%
CMCSA	Dec. 31, 2025	15,006	$535,571	-23.3%
CXM	Dec. 31, 2025	68,047	$525,323	-32.3%
FISV	March 31, 2026	3,966	$511,336	-18.3%
SHAK	March 31, 2026	5,417	$507,085	-30.4%
LDOS	June 30, 2026	2,805	$506,075	14.2%
ZBRA	Dec. 31, 2025	1,652	$490,908	54.7%
RIOT	March 31, 2026	25,655	$488,215	56.8%
KGC	Sept. 30, 2025	30,835	$481,951	-4.8%
HURN	March 31, 2026	2,782	$481,036	28.2%
HOOD	March 31, 2026	3,356	$480,512	65.1%
ROK	Dec. 31, 2025	1,378	$457,730	16.3%
NMR	Dec. 31, 2025	62,900	$457,283	15.7%
LULU	Sept. 30, 2025	1,615	$457,142	-48.3%
CTRA	June 30, 2026	13,005	$456,996	No longer tracked
BMNR	March 31, 2026	8,705	$452,051	35.9%
WPM	Sept. 30, 2025	4,984	$447,563	20.7%
YOU	June 30, 2025	17,046	$441,662	48.4%
OXY	Sept. 30, 2025	8,945	$441,504	22.9%
ARE	Dec. 31, 2025	5,243	$436,952	-3.2%
ZROZ	Dec. 31, 2025	6,455	$432,937
ASR	March 31, 2026	1,321	$427,211	-29.9%
MNRS	March 31, 2026	10,476	$424,697
SAIC	Sept. 30, 2025	3,722	$419,134	26.2%
STR	Sept. 30, 2025	22,078	$405,794	No longer tracked
PSIX	June 30, 2026	6,581	$400,651	15.4%
GNTX	March 31, 2026	17,127	$398,545	1.5%
AQN	Sept. 30, 2025	69,370	$397,490	-4.9%
QLYS	June 30, 2026	2,952	$392,321	42.4%
ADT	March 31, 2026	48,268	$389,523	-4.0%
CTSH	June 30, 2026	6,342	$389,082	51.5%
CRSP	June 30, 2026	7,298	$382,707	1.0%
PAX	June 30, 2026	30,143	$379,802	1.2%
ITRI	June 30, 2026	4,220	$378,239	0.9%
D	Dec. 31, 2025	6,653	$376,028	3.8%
KWEB	June 30, 2026	11,043	$376,020
HES	Sept. 30, 2025	2,695	$373,365	No longer tracked
PINS	March 31, 2026	14,400	$372,816	8.1%
XONE	June 30, 2026	7,454	$369,234
STZ	Dec. 31, 2025	2,265	$368,524	-19.0%
CCJ	Dec. 31, 2025	4,859	$360,684	-5.0%
CLSK	March 31, 2026	24,448	$354,496	45.2%
CAAP	Dec. 31, 2025	19,506	$353,449	-3.9%
CXW	June 30, 2026	18,348	$346,961	13.3%
HOLX	Dec. 31, 2025	5,133	$346,426	No longer tracked
AMT	June 30, 2026	1,935	$339,793	-1.4%
TSLL	June 30, 2026	17,382	$332,170
SBET	March 31, 2026	19,160	$325,912	52.0%
SHOP	Sept. 30, 2025	3,350	$319,797	6.3%
NICE	June 30, 2026	2,864	$315,785	25.6%
ARCC	June 30, 2026	14,737	$298,138	2.3%
XLG	March 31, 2026	4,915	$282,711
KMB	Dec. 31, 2025	2,133	$274,969	-6.3%
ABNB	June 30, 2026	2,006	$272,254	13.6%
MDLZ	March 31, 2026	4,088	$255,377	0.7%
TMO	Sept. 30, 2025	491	$244,366	36.4%
SHOP	June 30, 2026	1,516	$244,031	38.4%
TSLL	Sept. 30, 2025	25,500	$242,760
ED	Sept. 30, 2025	2,187	$241,860	2.8%
TFLR	June 30, 2026	4,697	$241,446
SMCI	Dec. 31, 2025	4,870	$238,679	47.7%
VEA	Dec. 31, 2025	4,124	$235,109
NVO	June 30, 2026	4,597	$233,895	-22.8%
OKLO	June 30, 2026	3,234	$232,072	-30.4%
PLD	Sept. 30, 2025	2,069	$231,315	12.7%
EL	Sept. 30, 2025	3,494	$230,632	6.3%
HYPD	March 31, 2026	23,380	$223,980	11.6%
EBAY	Sept. 30, 2025	3,289	$222,749	17.7%
CPT	June 30, 2026	1,999	$220,050	-15.3%
BP	Sept. 30, 2025	6,349	$214,549	29.4%
AJG	Dec. 31, 2025	669	$214,160	-12.6%
EQT	Dec. 31, 2025	3,670	$214,034	-6.4%
GIS	March 31, 2026	4,242	$213,882	-15.1%
ATR	March 31, 2026	1,593	$212,871	-5.1%
PAYX	Dec. 31, 2025	1,456	$211,790	-11.2%
UTES	March 31, 2026	2,501	$208,683
CARR	March 31, 2026	3,466	$206,920	-2.8%
SJM	Sept. 30, 2025	1,743	$206,437	8.3%
BSX	Sept. 30, 2025	2,045	$206,300	-56.0%
BTC	June 30, 2026	5,325	$206,237	47.6%
GPC	March 31, 2026	1,482	$205,441	19.1%
LYB	March 31, 2026	4,180	$204,968	-27.1%
MAR	March 31, 2026	785	$204,525	9.2%
GEHC	Sept. 30, 2025	2,518	$203,243	-14.2%
ELV	Dec. 31, 2025	522	$202,946	10.0%
IUSG	June 30, 2026	1,208	$202,872
QQQX	June 30, 2026	7,100	$202,492	1.1%
SCHP	Sept. 30, 2025	7,508	$201,891	-6.2%
VMO	Dec. 31, 2025	21,650	$198,747	-12.8%
AXTI	March 31, 2026	42,475	$190,713	48.6%
BFK	June 30, 2026	17,874	$179,279	No longer tracked
SONN	March 31, 2026	37,185	$170,307	No longer tracked
RVT	June 30, 2026	10,239	$164,848	-7.0%
KPLT	March 31, 2026	10,101	$120,808	-37.2%
NZF	Dec. 31, 2025	10,094	$120,320	-14.8%
F	Sept. 30, 2025	11,289	$113,229	1.2%
MUX	Sept. 30, 2025	14,176	$107,029	3.1%
VKI	Dec. 31, 2025	12,250	$102,533	No longer tracked
JQC	Dec. 31, 2025	15,300	$82,467	-7.3%
EDD	Sept. 30, 2025	13,754	$64,644	-3.2%
NOK	Sept. 30, 2025	10,896	$57,422	113.9%
UAA	June 30, 2026	11,325	$56,285	-27.1%
LCID (filed as LCIDXXXX)	Dec. 31, 2025	10,200	$21,522	-61.0%
ASST	June 30, 2026	11,250	$8,303	183.0%