Formidable Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Formidable Asset Management, LLC reported 382 stock positions worth $597.5 million. Its top holding was Procter & Gamble (PG) at 8.4% of the portfolio, followed by Apple (AAPL, 7.8%) and Formidable Fortress ETF (KONG, 3.4%). Compared with Q4 2024, it opened 35 new positions, sold out of 25, added to 130 and reduced 168. The biggest buy was a new position in BlackRock ESG Cap All TRM TR (ECAT) and the biggest sale Apple (AAPL, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0001592613
- Portfolio Value
- $597.5M (Q1 2025)
- SEC Filing
- 0001592613-25-000002 ↗ filed May 5, 2025
Holdings Value
Holdings 382 stocks · $597.5M
| PG The Procter & Gamble Co. | 8.37% | 293,368 | $50.0M | Add +0.3% |
| AAPL Apple Inc. | 7.82% | 210,435 | $46.7M | Reduce -2.7% |
| KONG Formidable Fortress ETF | 3.43% | 723,375 | $20.5M | Reduce -0.9% |
| FORH Formidable ETF | 3.09% | 869,268 | $18.5M | Reduce -3.5% |
| MSFT Microsoft Corp. | 3.00% | 47,741 | $17.9M | Add +1.1% |
| NVDA Nvidia Corp. | 2.63% | 144,872 | $15.7M | Add +0.6% |
| META Meta Platforms Inc. Class A | 2.53% | 26,253 | $15.1M | Reduce -2.5% |
| CHE Chemed Corp. | 2.07% | 20,087 | $12.4M | Add +0.0% |
| XEXGX Eaton Vance Tax-Managed Glob | 1.39% | 1,022,041 | $8.3M | Reduce -2.7% |
| GGN Gamco GLBL Gold NTRL Res Inc. | 1.32% | 1,809,051 | $7.9M | Reduce -0.4% |
| LLY Eli Lilly & Co. | 1.31% | 9,489 | $7.8M | Reduce -1.2% |
| QUAL iShares MSCI USA Quality Fac | 1.17% | 40,977 | $7.0M | Add +1.6% |
| JPM JPMorgan Chase & Co. | 1.15% | 27,972 | $6.9M | Reduce -3.9% |
| XOM Exxon Mobil Corp. | 1.13% | 56,935 | $6.8M | Reduce -3.8% |
| AMZN Amazon.com Inc. | 1.12% | 35,136 | $6.7M | Add +2.6% |
| GOOG Alphabet Inc. Class C | 1.03% | 39,530 | $6.2M | Add +1.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.97% | 10,911 | $5.8M | Add +1.6% |
| FLUX Flux Power Holdings Inc. filed as FLUX PWR HLDGS INC | 0.86% | 3,004,114 | $5.2M | Add +14.9% |
| TBIL F/M US Treasury 3 Month Bill | 0.86% | 102,240 | $5.1M | Add +69.2% |
| JNJ Johnson & Johnson | 0.81% | 29,351 | $4.9M | Add +1.6% |
| HD Home Depot Inc. | 0.80% | 13,019 | $4.8M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.75% | 63,606 | $4.5M | Add +0.5% |
| V Visa Inc. Class A | 0.74% | 12,599 | $4.4M | Add +0.2% |
| BABA Alibaba Group Holding-SP ADR | 0.73% | 33,059 | $4.4M | Add +15.2% |
| JPST JPMorgan Ultra-Short Income | 0.72% | 85,523 | $4.3M | Add +3.2% |
| TSLA Tesla Inc. | 0.72% | 16,612 | $4.3M | Add +9.3% |
| CVX Chevron Corp. | 0.72% | 25,685 | $4.3M | Add +1.0% |
| GOOGL Alphabet Inc. Class A | 0.67% | 25,883 | $4.0M | Add +0.9% |
| JGRO JPMorgan Active Growth ETF | 0.63% | 51,185 | $3.8M | Add +9.0% |
| PEP Pepsico Inc. | 0.58% | 23,148 | $3.5M | Add +12.0% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.58% | 148,841 | $3.5M | Reduce -3.4% |
| AVGO Broadcom Inc. | 0.55% | 19,463 | $3.3M | Add +6.3% |
| VIG Vanguard Dividend Apprec ETF | 0.54% | 16,747 | $3.2M | Add +4.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.54% | 12,954 | $3.2M | Add +2.1% |
| HDV iShares Core High Dividend E | 0.53% | 26,001 | $3.1M | Reduce -2.6% |
| MCD McDonald's Corp. | 0.53% | 10,043 | $3.1M | Add +2.3% |
| JD Jd.com Inc.-ADR | 0.51% | 74,739 | $3.1M | Reduce -16.2% |
| TDVG T Rowe Price Dividend Growth | 0.51% | 75,250 | $3.0M | Reduce -2.3% |
| ADBE Adobe Inc. | 0.51% | 7,875 | $3.0M | Add +8.4% |
| ACTG Acacia Research Corp. | 0.49% | 918,636 | $2.9M | Reduce -8.4% |
| WMT Walmart Inc. | 0.47% | 31,876 | $2.8M | Reduce -1.2% |
| MO Altria Group Inc. | 0.46% | 45,886 | $2.8M | Reduce -11.3% |
| UNH Unitedhealth Group Inc. | 0.45% | 5,177 | $2.7M | Add +0.9% |
| SDVY First Trust Smid Cap Rising | 0.42% | 74,917 | $2.5M | Add +0.8% |
| ACN Accenture PLC Class A | 0.41% | 7,833 | $2.4M | Reduce -3.9% |
| AMGN Amgen Inc. | 0.41% | 7,784 | $2.4M | Add +6.4% |
| QCOM Qualcomm Inc. | 0.40% | 15,555 | $2.4M | Reduce -0.5% |
| VZ Verizon Communications Inc. | 0.39% | 51,729 | $2.3M | Add +6.6% |
| DTH Wisdomtree International Hig | 0.38% | 53,332 | $2.3M | Reduce -31.6% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.38% | 2,274 | $2.2M | Reduce -7.7% |
| ECAT BlackRock ESG Cap All TRM TR | 0.37% | 141,730 | $2.2M | New |
| ABBV Abbvie Inc. | 0.37% | 10,590 | $2.2M | Add +1.1% |
| GD General Dynamics Corp. | 0.36% | 7,876 | $2.1M | Reduce -3.4% |
| TLT iShares 20+ Year Treasury BD | 0.34% | 22,549 | $2.1M | Reduce -9.4% |
| MA Mastercard Inc. Class A | 0.34% | 3,692 | $2.0M | Reduce -1.0% |
| ORCL Oracle Corp. | 0.34% | 14,459 | $2.0M | Add +9.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.34% | 48,104 | $2.0M | Reduce -10.8% |
| IEF iShares 7-10 Year Treasury B | 0.33% | 20,755 | $2.0M | Reduce -1.6% |
| SYBT Stock Yards Bancorp Inc. | 0.33% | 28,611 | $2.0M | Reduce -6.7% |
| RYLD Global X Russell 2000 Cov Class | 0.32% | 128,506 | $1.9M | Add +2.4% |
| RBCAA Republic Bancorp Inc. Class A | 0.32% | 30,382 | $1.9M | Add +0.6% |
| OBIL F/M US Treasury 12 Month Bil | 0.32% | 38,515 | $1.9M | Reduce -3.9% |
| DELL Dell Technologies -C | 0.31% | 20,514 | $1.9M | Reduce -5.6% |
| IVV iShares Core S&P 500 ETF | 0.31% | 3,313 | $1.9M | Reduce -1.5% |
| VYM Vanguard High DVD Yield ETF | 0.31% | 14,377 | $1.9M | Reduce -2.1% |
| DE Deere & Co. | 0.31% | 3,947 | $1.9M | Reduce -0.1% |
| WSM Williams-Sonoma Inc. | 0.30% | 11,447 | $1.8M | Reduce -9.4% |
| AMD Advanced Micro Devices | 0.30% | 17,496 | $1.8M | Add +58.0% |
| SBUX Starbucks Corp. | 0.29% | 17,635 | $1.7M | Reduce -9.9% |
| PYPL PayPal Holdings Inc. | 0.28% | 25,978 | $1.7M | Reduce -2.8% |
| EOG EOG Resources Inc. | 0.28% | 13,117 | $1.7M | Add +2.5% |
| GE General Electric filed as GE AEROSPACE | 0.27% | 8,166 | $1.6M | Reduce -7.0% |
| EXPE Expedia Group Inc. | 0.25% | 8,989 | $1.5M | Reduce -0.8% |
| BKNG Booking Holdings Inc. | 0.25% | 326 | $1.5M | Add +2.2% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.25% | 61,098 | $1.5M | Reduce -10.8% |
| NEM Newmont Corp. | 0.25% | 30,688 | $1.5M | Add +1.1% |
| MRK Merck & Co. Inc. | 0.24% | 16,248 | $1.5M | Reduce -23.6% |
| DUK Duke Energy Corp. | 0.24% | 11,650 | $1.4M | Reduce -17.1% |
| FDL First Trust Morn DVD Lead Inc. | 0.23% | 32,232 | $1.4M | Add +3.8% |
| PFE Pfizer Inc. | 0.23% | 55,065 | $1.4M | Reduce -6.0% |
| CP Canadian Pacific Kansas City | 0.23% | 19,751 | $1.4M | Reduce -1.6% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.23% | 7,483 | $1.4M | Reduce -4.6% |
| ABT Abbott Laboratories | 0.23% | 10,297 | $1.4M | Reduce -4.4% |
| UNP Union Pacific Corp. | 0.22% | 5,636 | $1.3M | Add +6.5% |
| CB Chubb Ltd. | 0.22% | 4,313 | $1.3M | Add +0.3% |
| CHD Church & Dwight Co. Inc. | 0.21% | 11,566 | $1.3M | Reduce -6.5% |
| MBIN Merchants Bancorp | 0.21% | 34,400 | $1.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.21% | 2,272 | $1.3M | Reduce -7.4% |
| NFLX Netflix Inc. | 0.21% | 1,352 | $1.3M | Reduce -9.8% |
| DCI Donaldson Co. Inc. | 0.21% | 18,554 | $1.2M | No change |
| NKE Nike Inc. Class B | 0.21% | 19,441 | $1.2M | Reduce -8.7% |
| COST Costco Wholesale Corp. | 0.20% | 1,286 | $1.2M | Reduce -0.2% |
| ADP Automatic Data Processing | 0.20% | 3,965 | $1.2M | Reduce -5.3% |
| USB US Bancorp | 0.20% | 27,830 | $1.2M | Add +0.9% |
| WTW Willis Towers Watson PLC | 0.20% | 3,452 | $1.2M | Reduce -6.3% |
| PM Philip Morris International | 0.19% | 7,301 | $1.2M | Reduce -11.4% |
| IBIT iShares Bitcoin Trust ETF | 0.19% | 24,658 | $1.2M | Add +0.3% |
| GLDM SPDR Gold Minishares Trust | 0.19% | 18,561 | $1.1M | Add +35.8% |
| RPRX Royalty Pharma PLC Class A | 0.19% | 36,875 | $1.1M | Reduce -0.1% |
| AVK Advent Convert & Income | 0.19% | 98,831 | $1.1M | Reduce -14.5% |
Other holdings (2): bonds, preferreds, convertibles and warrants · $695K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 15,315 | $695K | New |
| KPLTW Katapult Holdings Inc. -CW26 | *W EXP 06/09/202 | 36,000 | $320 | Reduce -55.0% |
Total filed on the 13F, all lines: $598.2M.
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -2.7% | 7.82% | −1.07 |
| ET Energy Transfer LP | Sold out | 0.00% | −0.24 |
| ACTG Acacia Research Corp. | Reduce -8.4% | 0.49% | −0.22 |
| XIFR XPLR Infrastructure LP | Sold out | 0.00% | −0.16 |
| WST West Pharmaceutical Services | Sold out | 0.00% | −0.11 |
| SHAK Shake Shack Inc. Class A | Reduce -11.3% | 0.17% | −0.11 |
| FIS Fidelity National Info Serv | Sold out | 0.00% | −0.11 |
| DTH Wisdomtree International Hig | Reduce -31.6% | 0.38% | −0.10 |
| MRK Merck & Co. Inc. | Reduce -23.6% | 0.24% | −0.10 |
| DELL Dell Technologies -C | Reduce -5.6% | 0.31% | −0.10 |
| PYPL PayPal Holdings Inc. | Reduce -2.8% | 0.28% | −0.09 |
| FFIV F5 Inc. | Reduce -51.3% | 0.10% | −0.09 |
| EMR Emerson Electric Co. | Reduce -27.6% | 0.16% | −0.08 |
| BTE Baytex Energy Corp. | Reduce -36.9% | 0.10% | −0.08 |
| WSM Williams-Sonoma Inc. | Reduce -9.4% | 0.30% | −0.08 |
| QLD Proshares Ultra QQQ | Sold out | 0.00% | −0.07 |
| CORP AMERICA AIRPORTS SA | Sold out | 0.00% | −0.07 |
| CCJ Cameco Corp. | Reduce -30.0% | 0.09% | −0.07 |
| ACN Accenture PLC Class A | Reduce -3.9% | 0.41% | −0.06 |
| AEON BIOPHARMA INC | Sold out | 0.00% | −0.06 |
| UEC Uranium Energy Corp. | Sold out | 0.00% | −0.06 |
| NKE Nike Inc. Class B | Reduce -8.7% | 0.21% | −0.06 |
| META Meta Platforms Inc. Class A | Reduce -2.5% | 2.53% | −0.06 |
| BAC Bank of America Corp. | Reduce -10.8% | 0.34% | −0.05 |
| GWW WW Grainger Inc. | Reduce -7.7% | 0.38% | −0.05 |
| YINN Direxion DLY Ftse CH BL3X-Ui | Sold out | 0.00% | −0.05 |
| URA Global X Uranium ETF | Reduce -15.9% | 0.13% | −0.05 |
| LAR Lithium Argentina AG | Reduce -11.0% | 0.13% | −0.05 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Sold out | 0.00% | −0.04 |
| LULU Lululemon Athletica Inc. | Reduce -12.7% | 0.08% | −0.04 |
| ROST Ross Stores Inc. | Reduce -6.9% | 0.16% | −0.04 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.04 |
| NRP Natural Resource Partners LP | Sold out | 0.00% | −0.04 |
| LHX L3HARRIS Technologies Inc. | Sold out | 0.00% | −0.04 |
| FDX FedEx Corp. | Sold out | 0.00% | −0.04 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.04 |
| SPGP Invesco S&P 500 Garp ETF | Sold out | 0.00% | −0.04 |
| PEG Public Service Enterprise GP | Sold out | 0.00% | −0.03 |
| PRU Prudential Financial Inc. | Sold out | 0.00% | −0.03 |
| P Everpure Inc. Class A | Sold out | 0.00% | −0.03 |
| ETO Eaton Vance T/A GLBL DVD Opp | Reduce -10.8% | 0.25% | −0.03 |
| AVK Advent Convert & Income | Reduce -14.5% | 0.19% | −0.03 |
| GEV GE Vernova Inc. | Reduce -19.0% | 0.10% | −0.03 |
| SYBT Stock Yards Bancorp Inc. | Reduce -6.7% | 0.33% | −0.03 |
| TECH Bio-Techne Corp. | Reduce -6.6% | 0.10% | −0.03 |
| QLYS Qualys Inc. | Reduce -7.9% | 0.16% | −0.03 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -3.4% | 0.58% | −0.03 |
| KNX Knight-Swift Transportation | Reduce -4.0% | 0.11% | −0.03 |
| CTMX Cytomx Therapeutics Inc. | Reduce -7.5% | 0.04% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| ECAT BlackRock ESG Cap All TRM TR | New | 0.37% | +0.37 |
| TBIL F/M US Treasury 3 Month Bill | Add +69.2% | 0.86% | +0.36 |
| BABA Alibaba Group Holding-SP ADR | Add +15.2% | 0.73% | +0.33 |
| CHE Chemed Corp. | Add +0.0% | 2.07% | +0.32 |
| PG The Procter & Gamble Co. | Add +0.3% | 8.37% | +0.32 |
| FLUX Flux Power Holdings Inc. | Add +14.9% | 0.86% | +0.19 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +1.6% | 0.97% | +0.17 |
| CORT Corcept Therapeutics Inc. | New | 0.15% | +0.15 |
| HQL Abrdn Life Sciences Investor | New | 0.14% | +0.14 |
| JNJ Johnson & Johnson | Add +1.6% | 0.81% | +0.13 |
| PHM Pultegroup Inc. | New | 0.12% | +0.12 |
| INTU Intuit Inc. | New | 0.12% | +0.12 |
| CVX Chevron Corp. | Add +1.0% | 0.72% | +0.11 |
| INTC Intel Corp. | Add +71.6% | 0.19% | +0.09 |
| UBER Uber Technologies Inc. | Add +59.6% | 0.19% | +0.09 |
| AMGN Amgen Inc. | Add +6.4% | 0.41% | +0.09 |
| V Visa Inc. Class A | Add +0.2% | 0.74% | +0.09 |
| IBM Intl Business Machines Corp. | Add +2.1% | 0.54% | +0.08 |
| AMD Advanced Micro Devices | Add +58.0% | 0.30% | +0.08 |
| PAGP Plains GP Holdings LP | New | 0.08% | +0.08 |
| GLDM SPDR Gold Minishares Trust | Add +35.8% | 0.19% | +0.08 |
| VZ Verizon Communications Inc. | Add +6.6% | 0.39% | +0.07 |
| YOU Clear Secure Inc. Class A | New | 0.07% | +0.07 |
| ADT Adt Inc. | New | 0.07% | +0.07 |
| PINS Pinterest Inc. Class A | New | 0.07% | +0.07 |
| ABBV Abbvie Inc. | Add +1.1% | 0.37% | +0.07 |
| TLN Talen Energy Corp. | Add +193.7% | 0.10% | +0.07 |
| PEP Pepsico Inc. | Add +12.0% | 0.58% | +0.06 |
| CAAP Corp. America Airports SA | New | 0.06% | +0.06 |
| BSTZ BlackRock Sci & Tech TRM TR | New | 0.06% | +0.06 |
| NEM Newmont Corp. | Add +1.1% | 0.25% | +0.06 |
| EOT Eaton Vance National Municip | New | 0.06% | +0.06 |
| MCD McDonald's Corp. | Add +2.3% | 0.53% | +0.06 |
| STZ Constellation Brands Inc. Class A | New | 0.06% | +0.06 |
| HOLX Hologic Inc. | New | 0.06% | +0.06 |
| ZTS Zoetis Inc. | New | 0.05% | +0.05 |
| D Dominion Energy Inc. | New | 0.05% | +0.05 |
| HEZU iShares Currency Hedged MSCI | New | 0.05% | +0.05 |
| SHV iShares 0-1 Year Treasury Bo | Add +61.9% | 0.13% | +0.05 |
| DXJ Wisdomtree Japan Hedged Eq | New | 0.05% | +0.05 |
| SHY iShares 1-3 Year Treasury Bo | New | 0.05% | +0.05 |
| BNY Bank of New York Mellon Corp. | New | 0.04% | +0.04 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | New | 0.04% | +0.04 |
| ED Consolidated Edison Inc. | New | 0.04% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +3.2% | 0.72% | +0.04 |
| ITW Illinois Tool Works | New | 0.04% | +0.04 |
| AMT American Tower Corp. | Add +12.2% | 0.15% | +0.04 |
| ADSK Autodesk Inc. | New | 0.04% | +0.04 |
| MSTR Strategy Inc. | New | 0.04% | +0.04 |
| RDVI FT Vest Rising Dividend Achi | New | 0.04% | +0.04 |
Notes & Other Activity Q4 2024 → Q1 2025
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | New | 15,315 | $695K |
| KPLTW Katapult Holdings Inc. -CW26 | *W EXP 06/09/202 | Reduce -55.0% | 36,000 | $320 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 384 | $626.1M | AAPL, PG, NVDA, KONG, FORH |
| Q1 2026 | 378 | $646.0M | AAPL, PG, NVDA, MSFT, KONG |
| Q4 2025 | 391 | $685.7M | AAPL, PG, NVDA, MSFT, KONG |
| Q3 2025 | 386 | $633.6M | PG, AAPL, MSFT, NVDA, META |
| Q2 2025 | 382 | $597.2M | PG, AAPL, KONG, FORH, MSFT |
| Q1 2025 | 382 | $597.5M | PG, AAPL, KONG, FORH, MSFT |
| Q4 2024 | 372 | $608.9M | AAPL, PG, KONG, MSFT, NVDA |
| Q3 2024 | 368 | $626.0M | PG, AAPL, KONG, FORH, MSFT |
| Q2 2024 | 393 | $618.1M | PG, AAPL, KONG, MSFT, FORH |
| Q1 2024 | 388 | $613.4M | PG, AAPL, FORH, KONG, MSFT |