FORMULATE FINANCIAL LLC

CIK 2093400 · View on SEC EDGAR ↗

Portfolio value QoQ: +17.3% 13F does not disclose cash

Top 10 holdings weight88.73%

Top 25 holdings weight99.78%

Positions above 1%15

Effective number of positions9.3

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

Turnover Q2 2026: 0.98% Est. buys $5,397,052 · sells $858,117

Median holding: 4.0 quarters Tracked Q3 2025–Q2 2026 · 81.2% still held

New positions1

Increased10

Decreased5

Closed1

Portfolio value $95.0M #8,362 of 9,337 by 13F value · top 89.6%

Positions 26

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 5.1%

Retail 1.9%

Communication Services 1.7%

Financials 0.7%

Healthcare 0.7%

Industrials 0.5%

Utilities 0.3%

Consumer products 0.3%

Other/Unmapped 88.8%

Full portfolio 26 positions

					Streak
VOO VANGUARD INDEX FUNDS	$17,528,625	18.45%	25,521	$2,412,007	Up ×3
QQQ Invesco QQQ Trust, Series 1	$14,846,252	15.63%	20,162	$3,529,724	Up ×3
SPY SPY	$11,074,801	11.66%	14,830	$1,713,084	Up ×3
IWB iShares Trust	$10,699,085	11.26%	26,128	$1,456,539	Up ×3
VIG VANGUARD SPECIALIZED FUNDS	$9,978,400	10.50%	42,170	$821,526	Down ×1
IVW iShares Trust	$7,483,534	7.88%	54,414	$1,511,453	Up ×3
ITOT iShares Trust	$4,701,573	4.95%	28,621	$747,573	Up ×2
IWF iShares Trust	$3,245,963	3.42%	26,141	$448,504	Up ×1
VONE Vanguard Russell 1000 ETF	$2,459,784	2.59%	7,262	$316,623
MSFT Microsoft Corporation - Common Stock	$2,284,289	2.40%	6,124	$8,200	Down ×2
AMZN Amazon.com, Inc. - Common Stock	$1,574,474	1.66%	6,606	$198,643
GOOG Alphabet Inc. - Class C Capital Stock	$1,377,988	1.45%	3,900	$259,234
VUG VANGUARD INDEX FUNDS	$1,358,773	1.43%	15,774	$210,451	Up ×2
NVDA NVIDIA Corporation - Common Stock	$1,216,561	1.28%	6,080	$156,200
AAPL Apple Inc. - Common Stock	$1,077,684	1.13%	3,724	$132,475
BRK-B (filed as BRKB) Berkshire Hathaway Inc. Class B	$648,005	0.68%	1,295	$27,441
VTI VANGUARD INDEX FUNDS	$520,703	0.55%	1,407	$191,275	Up ×1
ETN Eaton Corporation, PLC Ordinary Shares	$501,120	0.53%	1,176	$-331,536	Down ×2
PFF iShares Preferred and Income Securities ETF	$468,478	0.49%	15,365	$1,702	Down ×1
JNJ Johnson & Johnson Common Stock	$371,558	0.39%	1,463	$160,117	Up ×1
ABBV AbbVie Inc. Common Stock	$323,860	0.34%	1,287	$43,952
AVGO Broadcom Inc. - Common Stock	$290,584	0.31%	769	$50,019	Down ×2
HD Home Depot, Inc. (The) Common Stock	$266,979	0.28%	757	$18,009
NEE NextEra Energy, Inc. Common Stock	$263,574	0.28%	3,003	$-15,345
PG Procter & Gamble Company (The) Common Stock	$237,997	0.25%	1,623	$3,570
GOOGL Alphabet Inc. - Class A Common Stock	$207,349	0.22%	580		Up ×1
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
VOO	$17,528,625	18.45%	up ×3
QQQ	$14,846,252	15.63%	up ×3
SPY	$11,074,801	11.66%	up ×3
IWB	$10,699,085	11.26%	up ×3
IVW	$7,483,534	7.88%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
GOOGL	$207,349	580	0.22%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
QQQ	Bought more	+554	+$3.5M
VOO	Bought more	+223	+$2.4M
SPY	Bought more	+434	+$1.7M
IVW	Bought more	+2K	+$1.5M
IWB	Bought more	+207	+$1.5M
VIG	Trimmed	-408	+$822K
ITOT	Bought more	+860	+$748K
IWF	Bought more	+20K	+$449K
ETN	Trimmed	-1K	-$332K
VONE	Price move only	+0	+$317K

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
FTEC	March 31, 2026	2,537	$569,988
CRWD	March 31, 2026	659	$308,913	-30.8%
IBM	June 30, 2026	1,062	$257,419	-20.8%
WFC	March 31, 2026	2,170	$202,244	1.1%
OBDC	March 31, 2026	14,670	$135,736	-6.9%
FATAQ	Dec. 31, 2025	11,333	$22,099	No longer tracked