FORMULATE FINANCIAL LLC
CIK 2093400 · View on SEC EDGAR ↗
- Portfolio value
- $95.0M
- Positions
- 26
- As of
- June 30, 2026
#8,375 of 9,443 by 13F value · top 88.7%
Portfolio value QoQ: +17.3% 13F does not disclose cash
- Top 10 holdings weight
- 88.73%
- Top 25 holdings weight
- 99.78%
- Positions above 1%
- 15
- Effective number of positions
- 9.3
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 positions
- 1
- Increased
- 10
- Decreased
- 5
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Technology
5.1%
Retail
1.9%
Communication Services
1.7%
Healthcare
0.7%
Industrials
0.5%
Utilities
0.3%
Consumer products
0.3%
Other/Unmapped
89.5%
Full portfolio 26 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VOO | $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 | $10,699,085 | 11.26% | 26,128 | $1,456,539 | Up ×3 | ||
| VIG | $9,978,400 | 10.50% | 42,170 | $821,526 | Down ×1 | ||
| IVW | $7,483,534 | 7.88% | 54,414 | $1,511,453 | Up ×3 | ||
| ITOT | $4,701,573 | 4.95% | 28,621 | $747,573 | Up ×2 | ||
| IWF | $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 | $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 | |||
| BRKB | $648,005 | 0.68% | 1,295 | $27,441 | |||
| VTI | $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 | No longer tracked |
| CRWD | March 31, 2026 | 659 | $308,913 | -48.6% |
| IBM | June 30, 2026 | 1,062 | $257,419 | -16.5% |
| WFC | March 31, 2026 | 2,170 | $202,244 | 9.5% |
| OBDC | March 31, 2026 | 14,670 | $135,736 | 4.0% |
| FATAQ | Dec. 31, 2025 | 11,333 | $22,099 | No longer tracked |