Formidable Asset Management, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 16, 2025), Formidable Asset Management, LLC reported 382 stock positions worth $597.2 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 Q1 2025, it opened 2 new positions, sold out of 2, added to 20 and reduced 61. The biggest buy was a new position in Nomura Holdings Inc.-Spon ADR (NMR) and the biggest sale an exit from Archer-Daniels-Midland (ADM).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001592613
Portfolio Value
$597.2M (Q2 2025)
SEC Filing
0001592613-25-000004 ↗ filed Jul 16, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $613.4M Q1 2024 Q2 2024: $618.1M Q2 2024 Q3 2024: $626.0M Q3 2024 Q4 2024: $608.9M Q4 2024 Q1 2025: $597.5M Q1 2025 Q2 2025: $597.2M $597.2M Q2 2025 Q3 2025: $633.6M Q3 2025 Q4 2025: $685.7M Q4 2025 Q1 2026: $646.0M Q1 2026 Q2 2026: $626.1M Q2 2026

Holdings 382 stocks · $597.2M
PG The Procter & Gamble Co. 8.37% 293,368 $50.0M No change
AAPL Apple Inc. 7.82% 210,331 $46.7M Reduce -0.1%
KONG Formidable Fortress ETF 3.43% 723,375 $20.5M No change
FORH Formidable ETF 3.09% 869,268 $18.5M No change
MSFT Microsoft Corp. 3.06% 48,084 $18.3M Add +0.7%
NVDA Nvidia Corp. 2.69% 145,348 $16.1M Add +0.3%
META Meta Platforms Inc. Class A 2.57% 26,239 $15.3M Reduce -0.1%
CHE Chemed Corp. 2.06% 20,266 $12.3M Add +0.9%
XEXGX Eaton Vance Tax-Managed Glob 1.39% 1,022,041 $8.3M No change
GGN Gamco GLBL Gold NTRL Res Inc. 1.32% 1,809,051 $7.9M No change
LLY Eli Lilly & Co. 1.31% 9,489 $7.8M No change
QUAL iShares MSCI USA Quality Fac 1.17% 40,977 $7.0M No change
JPM JPMorgan Chase & Co. 1.15% 27,905 $6.8M Reduce -0.2%
XOM Exxon Mobil Corp. 1.13% 56,935 $6.8M No change
AMZN Amazon.com Inc. 1.12% 35,130 $6.7M Reduce -0.0%
GOOG Alphabet Inc. Class C 1.05% 39,661 $6.3M Add +0.3%
BRK.B Berkshire Hathaway Inc. Class B 0.97% 10,911 $5.8M No change
TBIL F/M US Treasury 3 Month Bill 0.87% 104,240 $5.2M Add +2.0%
FLUX Flux Power Holdings Inc. filed as FLUX PWR HLDGS INC 0.85% 3,004,114 $5.1M No change
JNJ Johnson & Johnson 0.80% 29,019 $4.8M Reduce -1.1%
HD Home Depot Inc. 0.80% 12,984 $4.8M Reduce -0.3%
NEE Nextera Energy Inc. 0.75% 63,469 $4.5M Reduce -0.2%
V Visa Inc. Class A 0.74% 12,557 $4.4M Reduce -0.3%
BABA Alibaba Group Holding-SP ADR 0.73% 33,059 $4.4M No change
JPST JPMorgan Ultra-Short Income 0.72% 85,523 $4.3M No change
TSLA Tesla Inc. 0.72% 16,612 $4.3M No change
CVX Chevron Corp. 0.72% 25,622 $4.3M Reduce -0.3%
GOOGL Alphabet Inc. Class A 0.67% 25,883 $4.0M No change
JGRO JPMorgan Active Growth ETF 0.63% 51,185 $3.8M No change
PEP Pepsico Inc. 0.58% 23,148 $3.5M No change
XEVTX Eaton Vance Tax-Adv DVD Inc. 0.58% 148,841 $3.5M No change
AVGO Broadcom Inc. 0.55% 19,463 $3.3M No change
VIG Vanguard Dividend Apprec ETF 0.54% 16,747 $3.2M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 12,954 $3.2M No change
HDV iShares Core High Dividend E 0.53% 26,001 $3.1M No change
MCD McDonald's Corp. 0.52% 10,008 $3.1M Reduce -0.3%
JD Jd.com Inc.-ADR 0.51% 74,739 $3.1M No change
ACTG Acacia Research Corp. 0.51% 897,730 $3.1M Reduce -2.3%
ADBE Adobe Inc. 0.51% 7,945 $3.1M Add +0.9%
TDVG T Rowe Price Dividend Growth 0.51% 75,250 $3.0M No change
WMT Walmart Inc. 0.47% 31,674 $2.8M Reduce -0.6%
MO Altria Group Inc. 0.46% 45,886 $2.8M No change
UNH Unitedhealth Group Inc. 0.45% 5,157 $2.7M Reduce -0.4%
SDVY First Trust Smid Cap Rising 0.42% 74,917 $2.5M No change
ACN Accenture PLC Class A 0.41% 7,833 $2.4M No change
AMGN Amgen Inc. 0.41% 7,784 $2.4M No change
QCOM Qualcomm Inc. 0.40% 15,555 $2.4M No change
VZ Verizon Communications Inc. 0.39% 51,444 $2.3M Reduce -0.6%
DTH Wisdomtree International Hig 0.38% 53,332 $2.3M No change
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.38% 2,274 $2.2M No change
ECAT BlackRock ESG Cap All TRM TR 0.37% 141,730 $2.2M No change
ABBV Abbvie Inc. 0.37% 10,590 $2.2M No change
GD General Dynamics Corp. 0.36% 7,876 $2.1M No change
TLT iShares 20+ Year Treasury BD 0.34% 22,549 $2.1M No change
MA Mastercard Inc. Class A 0.34% 3,692 $2.0M No change
ORCL Oracle Corp. 0.34% 14,459 $2.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 48,104 $2.0M No change
IEF iShares 7-10 Year Treasury B 0.33% 20,755 $2.0M No change
SYBT Stock Yards Bancorp Inc. 0.33% 28,611 $2.0M No change
RYLD Global X Russell 2000 Cov Class 0.32% 128,506 $1.9M No change
RBCAA Republic Bancorp Inc. Class A 0.32% 30,382 $1.9M No change
OBIL F/M US Treasury 12 Month Bil 0.32% 38,515 $1.9M No change
DELL Dell Technologies -C 0.31% 20,431 $1.9M Reduce -0.4%
IVV iShares Core S&P 500 ETF 0.31% 3,313 $1.9M No change
VYM Vanguard High DVD Yield ETF 0.31% 14,377 $1.9M No change
DE Deere & Co. 0.31% 3,947 $1.9M No change
WSM Williams-Sonoma Inc. 0.30% 11,447 $1.8M No change
AMD Advanced Micro Devices 0.30% 17,496 $1.8M No change
SBUX Starbucks Corp. 0.29% 17,635 $1.7M No change
PYPL PayPal Holdings Inc. 0.28% 25,978 $1.7M No change
EOG EOG Resources Inc. 0.28% 13,117 $1.7M No change
GE General Electric filed as GE AEROSPACE 0.27% 8,166 $1.6M No change
EXPE Expedia Group Inc. 0.25% 8,989 $1.5M No change
BKNG Booking Holdings Inc. 0.25% 326 $1.5M No change
ETO Eaton Vance T/A GLBL DVD Opp 0.25% 61,098 $1.5M No change
NEM Newmont Corp. 0.25% 30,688 $1.5M No change
MRK Merck & Co. Inc. 0.24% 16,248 $1.5M No change
DUK Duke Energy Corp. 0.24% 11,650 $1.4M No change
FDL First Trust Morn DVD Lead Inc. 0.23% 32,232 $1.4M No change
PFE Pfizer Inc. 0.23% 55,065 $1.4M No change
CP Canadian Pacific Kansas City 0.23% 19,751 $1.4M No change
ABT Abbott Laboratories 0.23% 10,297 $1.4M No change
UNP Union Pacific Corp. 0.22% 5,588 $1.3M Reduce -0.8%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.22% 7,237 $1.3M Reduce -3.3%
CB Chubb Ltd. 0.22% 4,313 $1.3M No change
CHD Church & Dwight Co. Inc. 0.21% 11,566 $1.3M No change
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 No change
NFLX Netflix Inc. 0.21% 1,352 $1.3M No change
DCI Donaldson Co. Inc. 0.21% 18,554 $1.2M No change
NKE Nike Inc. Class B 0.21% 19,441 $1.2M No change
RPRX Royalty Pharma PLC Class A 0.21% 35,425 $1.2M Reduce -3.9%
COST Costco Wholesale Corp. 0.20% 1,286 $1.2M No change
ADP Automatic Data Processing 0.20% 3,851 $1.2M Reduce -2.9%
USB US Bancorp 0.20% 27,830 $1.2M No change
WTW Willis Towers Watson PLC 0.20% 3,452 $1.2M No change
PM Philip Morris International 0.19% 7,301 $1.2M No change
IBIT iShares Bitcoin Trust ETF 0.19% 24,658 $1.2M No change
GLDM SPDR Gold Minishares Trust 0.19% 18,561 $1.1M No change
AVK Advent Convert & Income 0.19% 98,831 $1.1M No change

Show all 382 holdings

Other holdings (2): bonds, preferreds, convertibles and warrants · $695K (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 15,315$695KNo change
KPLTW Katapult Holdings Inc. -CW26 *W EXP 06/09/202 36,000$320No change

Total filed on the 13F, all lines: $597.9M.

Portfolio Sells Q1 2025 → Q2 2025
ADM Archer-Daniels-Midland Co. Sold out 0.00% −0.12
YOU Clear Secure Inc. Class A Sold out 0.00% −0.07
QLYS Qualys Inc. Reduce -37.7% 0.10% −0.06
BTE Baytex Energy Corp. Reduce -50.3% 0.05% −0.05
ARLP Alliance Resource Partners Reduce -20.5% 0.11% −0.04
HES Hess Corp. Reduce -24.2% 0.06% −0.03
NOMD Nomad Foods Ltd. Reduce -8.8% 0.10% −0.03
MKTW Marketwise Inc. Reduce -61.0% 0.02% −0.02
WPM Wheaton Precious Metals Corp. Reduce -32.5% 0.07% −0.02
CTRA Coterra Energy Inc. Reduce -7.0% 0.09% −0.02
IBKR Interactive Brokers Gro Class A Reduce -35.5% 0.12% −0.02
GLPI Gaming and Leisure Propertie Reduce -6.7% 0.10% −0.02
JNJ Johnson & Johnson Reduce -1.1% 0.80% −0.02
SNA Snap-on Inc. Reduce -6.5% 0.10% −0.02
VRTX Vertex Pharmaceuticals Inc. Reduce -3.9% 0.16% −0.01
SPGI S&P Global Inc. Reduce -14.0% 0.12% −0.01
FAST Fastenal Co. Reduce -17.6% 0.12% −0.01
GGG Graco Inc. Reduce -13.1% 0.10% −0.01
PAGP Plains GP Holdings LP Reduce -5.4% 0.07% −0.01
STR Sitio Royalties Corp. Class A Reduce -6.2% 0.07% −0.01
JKHY Jack Henry & Associates Inc. Reduce -3.3% 0.22% −0.01
PHM Pultegroup Inc. Reduce -9.3% 0.11% −0.01
GNTX Gentex Corp. Reduce -6.5% 0.06% −0.01
DOX Amdocs Ltd. Reduce -6.4% 0.12% −0.01
PSO Pearson PLC-Sponsored ADR Reduce -5.4% 0.06% −0.01
CTSH Cognizant Tech Solutions-A Reduce -9.2% 0.09% −0.01
ADP Automatic Data Processing Reduce -2.9% 0.20% −0.00
MKTX Marketaxess Holdings Inc. Reduce -6.4% 0.11% −0.00
WMT Walmart Inc. Reduce -0.6% 0.47% −0.00
JPM JPMorgan Chase & Co. Reduce -0.2% 1.15% −0.00
V Visa Inc. Class A Reduce -0.3% 0.74% −0.00
VZ Verizon Communications Inc. Reduce -0.6% 0.39% −0.00
HD Home Depot Inc. Reduce -0.3% 0.80% −0.00
UNP Union Pacific Corp. Reduce -0.8% 0.22% −0.00
MCD McDonald's Corp. Reduce -0.3% 0.52% −0.00
UNH Unitedhealth Group Inc. Reduce -0.4% 0.45% −0.00
CVX Chevron Corp. Reduce -0.3% 0.72% −0.00
NEE Nextera Energy Inc. Reduce -0.2% 0.75% −0.00
ADT Adt Inc. Reduce -5.4% 0.07% −0.00
DELL Dell Technologies -C Reduce -0.4% 0.31% −0.00
DIS The Walt Disney Co. Reduce -0.9% 0.11% −0.00
AAPL Apple Inc. Reduce -0.1% 7.82% −0.00
HOLX Hologic Inc. Reduce -5.8% 0.06% −0.00
APTV Aptiv PLC Reduce -12.7% 0.07% +0.00
AMZN Amazon.com Inc. Reduce -0.0% 1.12% +0.00
INTU Intuit Inc. Reduce -21.3% 0.12% +0.00
FFIV F5 Inc. Reduce -8.3% 0.10% +0.00
AQN Algonquin Power & Utilities Reduce -8.3% 0.07% +0.00
RS Reliance Inc. Reduce -6.4% 0.11% +0.00
AEM Agnico Eagle Mines Ltd. Reduce -2.9% 0.14% +0.00

Portfolio Buys Q1 2025 → Q2 2025
NMR Nomura Holdings Inc.-Spon ADR New 0.07% +0.07
DOCU Docusign Inc. Add +109.1% 0.13% +0.07
NVDA Nvidia Corp. Add +0.3% 2.69% +0.06
MSFT Microsoft Corp. Add +0.7% 3.06% +0.06
MKTW Marketwise Inc. New 0.05% +0.05
JNPR Juniper Networks Inc. Add +73.5% 0.10% +0.05
VKTX Viking Therapeutics Inc. Add +12.5% 0.19% +0.02
PINS Pinterest Inc. Class A Add +11.8% 0.09% +0.02
GOOG Alphabet Inc. Class C Add +0.3% 1.05% +0.02
TBIL F/M US Treasury 3 Month Bill Add +2.0% 0.87% +0.02
NICE Nice Ltd. - Spon ADR Add +6.1% 0.13% +0.01
GNRC Generac Holdings Inc. Add +8.2% 0.07% +0.01
MNST Monster Beverage Corp. Add +3.6% 0.10% +0.01
ADBE Adobe Inc. Add +0.9% 0.51% +0.01
SAIC Science Applications Inte Add +6.3% 0.07% +0.00
PSA Public Storage Add +3.4% 0.17% +0.00
ERIE Erie Indemnity Company Class A Add +18.9% 0.08% −0.00
UTHR United Therapeutics Corp. Add +4.9% 0.10% −0.00
REGN Regeneron Pharmaceuticals Add +17.6% 0.09% −0.00
TPL Texas Pacific Land Corp. Add +17.1% 0.11% −0.01
CHE Chemed Corp. Add +0.9% 2.06% −0.01
CORT Corcept Therapeutics Inc. Add +11.0% 0.11% −0.04

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 384$626.1MAAPL, PG, NVDA, KONG, FORH
Q1 2026 378$646.0MAAPL, PG, NVDA, MSFT, KONG
Q4 2025 391$685.7MAAPL, PG, NVDA, MSFT, KONG
Q3 2025 386$633.6MPG, AAPL, MSFT, NVDA, META
Q2 2025 382$597.2MPG, AAPL, KONG, FORH, MSFT
Q1 2025 382$597.5MPG, AAPL, KONG, FORH, MSFT
Q4 2024 372$608.9MAAPL, PG, KONG, MSFT, NVDA
Q3 2024 368$626.0MPG, AAPL, KONG, FORH, MSFT
Q2 2024 393$618.1MPG, AAPL, KONG, MSFT, FORH
Q1 2024 388$613.4MPG, AAPL, FORH, KONG, MSFT