Formidable Asset Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Formidable Asset Management, LLC reported 386 stock positions worth $633.6 million. Its top holding was Procter & Gamble (PG) at 7.3% of the portfolio, followed by Apple (AAPL, 6.6%) and Microsoft (MSFT, 3.8%). Compared with Q2 2025, it opened 33 new positions, sold out of 29, added to 128 and reduced 157. The biggest buy was Meta Platforms Class A (META, shares +2%) and the biggest sale Apple (AAPL, shares −3%).

Most Recent 13F
Q2 2026
Location
CINCINNATI, OH
CIK
0001592613
Portfolio Value
$633.6M (Q3 2025)
SEC Filing
0001592613-25-000008 ↗ filed Oct 29, 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 Q2 2025 Q3 2025: $633.6M $633.6M Q3 2025 Q4 2025: $685.7M Q4 2025 Q1 2026: $646.0M Q1 2026 Q2 2026: $626.1M Q2 2026

Holdings 386 stocks · $633.6M

PG The Procter & Gamble Co. 7.27% 289,001 $46.0M Reduce -1.5%
AAPL Apple Inc. 6.57% 203,032 $41.7M Reduce -3.5%
MSFT Microsoft Corp. 3.77% 47,927 $23.9M Reduce -0.3%
NVDA Nvidia Corp. 3.63% 144,879 $23.0M Reduce -0.3%
META Meta Platforms Inc. Class A 3.13% 26,882 $19.8M Add +2.5%
KONG Formidable Fortress ETF 3.10% 662,088 $19.6M Reduce -8.5%
FORH Formidable ETF 2.95% 815,090 $18.7M Reduce -6.2%
CHE Chemed Corp. 1.55% 20,268 $9.8M Add +0.0%
LLY Eli Lilly & Co. 1.36% 11,016 $8.6M Add +16.1%
XEXGX Eaton Vance Tax-Managed Glob 1.35% 980,099 $8.6M Reduce -4.1%
QUAL iShares MSCI USA Quality Fac 1.28% 44,370 $8.1M Add +8.3%
GOOG Alphabet Inc. Class C 1.27% 43,811 $8.1M Add +10.5%
JPM JPMorgan Chase & Co. 1.25% 27,412 $7.9M Reduce -1.8%
AMZN Amazon.com Inc. 1.25% 35,980 $7.9M Add +2.4%
GGN Gamco GLBL Gold NTRL Res Inc. 1.11% 1,604,962 $7.0M Reduce -11.3%
FLUX Flux Power Holdings Inc. filed as FLUX PWR HLDGS INC 0.94% 3,129,157 $6.0M Add +4.2%
XOM Exxon Mobil Corp. 0.94% 54,964 $5.9M Reduce -3.5%
JPST JPMorgan Ultra-Short Income 0.91% 114,318 $5.8M Add +33.7%
AVGO Broadcom Inc. 0.90% 20,761 $5.7M Add +6.7%
TBIL F/M US Treasury 3 Month Bill 0.89% 112,372 $5.6M Add +7.8%
TSLA Tesla Inc. 0.89% 17,658 $5.6M Add +6.3%
BRK.B Berkshire Hathaway Inc. Class B 0.83% 10,816 $5.3M Reduce -0.9%
JGRO JPMorgan Active Growth ETF 0.82% 60,527 $5.2M Add +18.3%
BABA Alibaba Group Holding-SP ADR 0.74% 41,474 $4.7M Add +25.4%
GOOGL Alphabet Inc. Class A 0.72% 25,937 $4.6M Add +0.2%
JNJ Johnson & Johnson 0.70% 28,124 $4.4M Reduce -3.1%
NEE Nextera Energy Inc. 0.69% 63,423 $4.4M Reduce -0.1%
V Visa Inc. Class A 0.69% 12,293 $4.4M Reduce -2.1%
HD Home Depot Inc. 0.67% 11,650 $4.3M Reduce -10.3%
VIG Vanguard Dividend Apprec ETF 0.63% 19,482 $4.0M Add +16.3%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.60% 12,933 $3.8M Reduce -0.2%
CVX Chevron Corp. 0.60% 26,358 $3.8M Add +2.9%
ECAT BlackRock ESG Cap All TRM TR 0.57% 226,191 $3.6M Add +59.6%
XEVTX Eaton Vance Tax-Adv DVD Inc. 0.53% 138,984 $3.3M Reduce -6.6%
ACTG Acacia Research Corp. 0.51% 960,355 $3.2M Add +7.0%
ORCL Oracle Corp. 0.51% 14,711 $3.2M Add +1.7%
PEP Pepsico Inc. 0.50% 24,102 $3.2M Add +4.1%
WMT Walmart Inc. 0.49% 31,936 $3.1M Add +0.8%
SDVY First Trust Smid Cap Rising 0.49% 87,779 $3.1M Add +17.2%
ADBE Adobe Inc. 0.48% 7,948 $3.0M Add +0.0%
HDV iShares Core High Dividend E 0.47% 25,488 $3.0M Reduce -2.0%
MCD McDonald's Corp. 0.47% 10,151 $3.0M Add +1.4%
AMD Advanced Micro Devices 0.46% 20,538 $2.9M Add +17.4%
QCOM Qualcomm Inc. 0.41% 16,117 $2.6M Add +3.6%
MO Altria Group Inc. 0.40% 43,291 $2.5M Reduce -5.7%
TDVG T Rowe Price Dividend Growth 0.39% 58,599 $2.5M Reduce -22.1%
DTH Wisdomtree International Hig 0.39% 52,961 $2.5M Reduce -0.7%
VZ Verizon Communications Inc. 0.37% 54,850 $2.4M Add +6.6%
GD General Dynamics Corp. 0.36% 7,824 $2.3M Reduce -0.7%
JD Jd.com Inc.-ADR 0.35% 68,607 $2.2M Reduce -8.2%
RBCAA Republic Bancorp Inc. Class A 0.35% 30,592 $2.2M Add +0.7%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.35% 2,124 $2.2M Reduce -6.6%
SYBT Stock Yards Bancorp Inc. 0.34% 27,466 $2.2M Reduce -4.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.34% 45,709 $2.2M Reduce -5.0%
ACN Accenture PLC Class A 0.34% 7,234 $2.2M Reduce -7.7%
IVV iShares Core S&P 500 ETF 0.33% 3,358 $2.1M Add +1.4%
GE General Electric filed as GE AEROSPACE 0.33% 8,009 $2.1M Reduce -1.9%
DELL Dell Technologies -C 0.32% 16,672 $2.0M Reduce -18.4%
MA Mastercard Inc. Class A 0.32% 3,611 $2.0M Reduce -2.2%
TLT iShares 20+ Year Treasury BD 0.32% 22,936 $2.0M Add +1.7%
DE Deere & Co. 0.32% 3,927 $2.0M Reduce -0.5%
IEF iShares 7-10 Year Treasury B 0.31% 20,710 $2.0M Reduce -0.2%
PYPL PayPal Holdings Inc. 0.31% 26,603 $2.0M Add +2.4%
VYM Vanguard High DVD Yield ETF 0.30% 14,480 $1.9M Add +0.7%
ABBV Abbvie Inc. 0.30% 10,394 $1.9M Reduce -1.9%
BKNG Booking Holdings Inc. 0.30% 330 $1.9M Add +1.2%
OBIL F/M US Treasury 12 Month Bil 0.30% 37,806 $1.9M Reduce -1.8%
RYLD Global X Russell 2000 Cov Class 0.29% 125,239 $1.9M Reduce -2.5%
UNH Unitedhealth Group Inc. 0.29% 5,967 $1.9M Add +15.7%
NFLX Netflix Inc. 0.28% 1,330 $1.8M Reduce -1.6%
AMGN Amgen Inc. 0.28% 6,317 $1.8M Reduce -18.9%
UBER Uber Technologies Inc. 0.28% 18,854 $1.8M Add +21.2%
CRWD CrowdStrike Holdings Inc. Class A 0.27% 3,297 $1.7M Add +59.8%
WSM Williams-Sonoma Inc. 0.26% 9,975 $1.6M Reduce -12.9%
EOG EOG Resources Inc. 0.26% 13,565 $1.6M Add +3.4%
ETO Eaton Vance T/A GLBL DVD Opp 0.25% 58,873 $1.6M Reduce -3.6%
SPY SS SPDR S&P 500 ETF Trust-US 0.25% 2,581 $1.6M Add +13.6%
NVO Novo-Nordisk A/S-Spons ADR 0.25% 22,962 $1.6M Add +44.0%
NEM Newmont Corp. 0.25% 26,982 $1.6M Reduce -12.1%
ETN Eaton Corp. PLC 0.24% 4,270 $1.5M Add +4.9%
EXPE Expedia Group Inc. 0.24% 8,932 $1.5M Reduce -0.6%
FDL First Trust Morn DVD Lead Inc. 0.23% 34,960 $1.5M Add +8.5%
IBIT iShares Bitcoin Trust ETF 0.23% 23,810 $1.5M Reduce -3.4%
SBUX Starbucks Corp. 0.22% 15,501 $1.4M Reduce -12.1%
ABT Abbott Laboratories 0.22% 10,336 $1.4M Add +0.4%
COST Costco Wholesale Corp. 0.22% 1,376 $1.4M Add +7.0%
CP Canadian Pacific Kansas City 0.21% 17,137 $1.4M Reduce -13.2%
NKE Nike Inc. Class B 0.21% 18,805 $1.3M Reduce -3.3%
DUK Duke Energy Corp. 0.21% 11,114 $1.3M Reduce -4.6%
UNP Union Pacific Corp. 0.21% 5,656 $1.3M Add +1.2%
DCI Donaldson Co. Inc. 0.20% 18,554 $1.3M No change
RPRX Royalty Pharma PLC Class A 0.20% 36,197 $1.3M Add +2.2%
PM Philip Morris International 0.20% 7,050 $1.3M Reduce -3.4%
VIGI Vanguard Int Div App Indx FD 0.20% 14,231 $1.3M Add +19.4%
VKTX Viking Therapeutics Inc. 0.20% 48,260 $1.3M Add +5.2%
GS Goldman Sachs Group Inc. 0.20% 1,787 $1.3M Add +23.5%
SHAK Shake Shack Inc. Class A 0.20% 8,961 $1.3M Reduce -24.1%
CB Chubb Ltd. 0.20% 4,291 $1.2M Reduce -0.5%
AMAT Applied Materials Inc. 0.20% 6,783 $1.2M Add +28.1%
GLDM SPDR Gold Minishares Trust 0.20% 18,912 $1.2M Add +1.9%
PFE Pfizer Inc. 0.19% 50,774 $1.2M Reduce -7.8%
USB US Bancorp 0.19% 26,606 $1.2M Reduce -4.4%
RJF Raymond James Financial Inc. 0.19% 7,776 $1.2M Reduce -0.3%
VRT Vertiv Holdings Co. Class A 0.19% 9,284 $1.2M New
CSCO Cisco Systems Inc. 0.18% 16,760 $1.2M Reduce -2.9%
IVW iShares S&P 500 Growth ETF 0.18% 10,474 $1.2M Add +133.4%
RTX RTX Corp. 0.18% 7,845 $1.1M Add +0.1%
PLTR Palantir Technologies Inc. Class A 0.18% 8,373 $1.1M Add +14.8%
MBIN Merchants Bancorp 0.18% 34,400 $1.1M No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.18% 6,931 $1.1M Reduce -4.2%
MPC Marathon Petroleum Corp. 0.18% 6,828 $1.1M Add +2.0%
AVK Advent Convert & Income 0.18% 93,331 $1.1M Reduce -5.6%
ADP Automatic Data Processing 0.17% 3,658 $1.1M Reduce -5.0%
PANW Palo Alto Networks Inc. 0.17% 5,372 $1.1M Add +6.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.17% 8,902 $1.1M Add +0.0%
APD Air Products & Chemicals Inc. 0.17% 3,881 $1.1M Add +2.5%
URA Global X Uranium ETF 0.17% 28,109 $1.1M Reduce -14.1%
GBTC Grayscale Bitcoin Trust ETF 0.17% 12,835 $1.1M Reduce -8.7%
PNC PNC Financial Services Group 0.17% 5,832 $1.1M Reduce -4.4%
EIPI FT Energy Income ETF 0.17% 54,874 $1.1M Reduce -1.2%
CRM Salesforce Inc. 0.17% 3,959 $1.1M Add +12.7%
MRK Merck & Co. Inc. 0.17% 13,367 $1.1M Reduce -17.7%
QQQ Invesco QQQ Trust Series 1 0.16% 1,890 $1.0M Add +19.1%
ASML ASML Holding NV-NY Reg SHS 0.16% 1,296 $1.0M Add +7.9%
CHD Church & Dwight Co. Inc. 0.16% 10,734 $1.0M Reduce -7.2%
GEV GE Vernova Inc. 0.16% 1,948 $1.0M Reduce -1.9%
BA The Boeing Co. 0.16% 4,794 $1.0M Reduce -3.4%
TGT Target Corp. 0.16% 10,137 $1.0M Add +4.5%
KO The Coca-Cola Co. 0.16% 13,920 $985K Reduce -5.2%
GDX Vaneck Gold Miners ETF 0.15% 18,789 $978K Reduce -8.8%
HQL Abrdn Life Sciences Investor 0.15% 76,193 $976K Add +19.1%
WTW Willis Towers Watson PLC 0.15% 3,164 $970K Reduce -8.3%
IJR iShares Core S&P Small-Cap E 0.15% 8,845 $967K Add +51.0%
VYMI Vanguard Int High DVD YLD Inc. 0.15% 11,864 $950K Add +13.8%
PSA Public Storage 0.15% 3,257 $946K Reduce -4.0%
LAR Lithium Argentina AG 0.15% 344,964 $940K Reduce -5.3%
TLN Talen Energy Corp. 0.15% 3,224 $937K Add +9.7%
INTC Intel Corp. 0.15% 41,412 $928K Reduce -16.2%
SYY Sysco Corp. 0.15% 12,193 $923K Add +0.0%
BSTZ BlackRock Sci & Tech TRM TR 0.14% 44,258 $918K Add +109.0%
OKE Oneok Inc. 0.14% 11,246 $918K Reduce -0.2%
IBKR Interactive Brokers Gro Class A 0.14% 13,284 $914K No change
LAC Lithium Americas Corp. 0.14% 244,902 $910K Reduce -29.2%
PHM Pultegroup Inc. 0.14% 7,324 $905K Add +13.5%
MU Micron Technology Inc. 0.14% 7,227 $891K Add +19.6%
ROST Ross Stores Inc. 0.14% 6,956 $887K Reduce -7.1%
BLK BlackRock Inc. 0.14% 830 $871K Add +2.6%
ALL Allstate Corp. 0.14% 4,310 $868K Reduce -4.3%
UTHR United Therapeutics Corp. 0.14% 2,060 $864K No change
AMT American Tower Corp. 0.14% 3,873 $856K Reduce -2.9%
EMR Emerson Electric Co. 0.13% 6,411 $855K Reduce -24.5%
FVD First Trust Value Line DVD 0.13% 19,022 $850K No change
VOO Vanguard S&P 500 ETF 0.13% 1,486 $844K Add +15.7%
EYLD Cambria Emerg Shrhldr Yield 0.13% 23,035 $832K Reduce -0.8%
CINF Cincinnati Financial Corp. 0.13% 5,573 $830K Reduce -17.4%
FAST Fastenal Co. 0.13% 16,918 $830K No change
DFLV Dim US Large Cap Value ETF 0.13% 26,681 $828K Add +68.2%
TSM Taiwan Semiconductor-SP ADR 0.13% 3,645 $826K Add +51.4%
DHI D.R. Horton Inc. 0.13% 6,399 $825K Add +12.8%
VRTX Vertex Pharmaceuticals Inc. 0.13% 1,987 $820K Reduce -1.6%
KR Kroger Co. 0.13% 11,417 $819K Reduce -1.7%
LOW Lowe's Cos Inc. 0.13% 3,662 $813K Reduce -0.1%
BTI British American Tob-SP ADR 0.13% 17,071 $808K Reduce -5.3%
GLD SPDR Gold Shares 0.13% 2,601 $793K Reduce -19.0%
BIP Brookfield Infrastructure Pa 0.12% 24,003 $789K Add +91.5%
NICE Nice Ltd. - Spon ADR 0.12% 5,027 $776K Add +3.2%
AB Alliancebernstein Holding LP 0.12% 18,810 $768K Reduce -15.7%
PINS Pinterest Inc. Class A 0.12% 22,940 $766K Add +50.2%
ETH Grayscale Ethereum Staking M 0.12% 32,080 $761K Add +33.8%
NSC Norfolk Southern Corp. 0.12% 2,921 $748K No change
SHV iShares 0-1 Year Treasury Bo 0.12% 6,765 $747K Reduce -0.7%
CME Cme Group Inc. 0.12% 2,687 $741K Reduce -7.8%
XAR SS SPDR S&P Aerospace Def 0.12% 3,500 $738K No change
IWM iShares Russell 2000 ETF 0.12% 3,403 $734K Reduce -1.6%
FDS Factset Research Systems Inc. 0.12% 1,637 $732K Reduce -11.0%
ADME Aptus Drwdwn MGD Eqty ETF 0.12% 15,155 $730K No change
IVVB iShares Large Cap Deep Quart 0.12% 23,509 $729K New
BRK.A Berkshire Hathaway Inc. Class A 0.12% 1 $729K No change
EFA iShares MSCI Eafe ETF 0.11% 8,128 $727K Reduce -1.9%
CORT Corcept Therapeutics Inc. 0.11% 8,666 $720K No change
COIN Coinbase Global Inc. Class A 0.11% 2,030 $711K Add +33.5%
DFIV Dimensional International Va 0.11% 16,475 $706K Add +11.7%
SPEM State Street SP PTF Em ETF 0.11% 16,392 $701K Add +15.9%
DOCU Docusign Inc. 0.11% 9,231 $689K Reduce -6.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.11% 5,545 $688K Reduce -15.9%
TXRH Texas Roadhouse Inc. 0.11% 3,883 $684K Add +113.1%
SNA Snap-on Inc. 0.11% 1,972 $683K No change
SPGI S&P Global Inc. 0.10% 1,355 $659K No change
ARLP Alliance Resource Partners 0.10% 25,989 $657K No change
G Genpact Ltd. 0.10% 15,633 $655K New
MMM 3M Co. 0.10% 4,277 $651K Reduce -10.7%
FITB Fifth Third Bancorp 0.10% 15,709 $646K Reduce -13.7%
FFIV F5 Inc. 0.10% 1,992 $644K No change
INTU Intuit Inc. 0.10% 929 $634K No change
NOMD Nomad Foods Ltd. 0.10% 48,099 $633K Add +36.3%
HSY The Hershey Co. 0.10% 3,787 $628K Reduce -4.8%
EME Emcor Group Inc. 0.10% 967 $628K No change
MNST Monster Beverage Corp. 0.10% 9,315 $627K No change
GLPI Gaming and Leisure Propertie 0.10% 13,336 $622K No change
DOX Amdocs Ltd. 0.10% 7,569 $621K Add +0.0%
GGG Graco Inc. 0.10% 7,279 $618K No change
REGN Regeneron Pharmaceuticals 0.10% 1,077 $606K No change
LMT Lockheed Martin Corp. 0.09% 1,294 $599K Add +12.4%
KWEB Kranesh Csi China Internet 0.09% 17,386 $597K Reduce -31.6%
DIAX Nuveen Dow 30 Dynamic Overwr 0.09% 41,303 $592K Reduce -2.6%
FTCS First Trust Capital Strength 0.09% 6,492 $590K Add +4.6%
T AT&T Inc. 0.09% 20,359 $589K Reduce -0.5%
RS Reliance Inc. 0.09% 2,063 $579K No change
CQQQ Invesco China Technology ETF 0.09% 12,978 $574K Reduce -15.3%
KNX Knight-Swift Transportation 0.09% 12,965 $573K Reduce -15.4%
TPL Texas Pacific Land Corp. 0.09% 609 $569K No change
LIN Linde PLC 0.09% 1,211 $568K Reduce -0.1%
IWF iShares Russell 1000 Growth 0.09% 1,338 $568K Reduce -0.7%
FID First Trust S&P Internationa 0.09% 29,448 $566K Add +0.1%
JEPI JPMorgan Equity Premium Inco 0.09% 9,933 $565K Add +17.5%
QLYS Qualys Inc. 0.09% 3,938 $563K Reduce -14.9%
ARCC Ares Capital Corp. 0.09% 25,567 $561K Reduce -1.9%
ANET Arista Networks Inc. 0.09% 5,425 $555K New
ETHE Grayscale Ethereum Staking E 0.09% 26,580 $554K Reduce -3.9%
SO The Southern Co. 0.09% 6,029 $554K Reduce -14.2%
CTAS Cintas Corp. 0.09% 2,471 $551K Reduce -10.5%
NOW ServiceNow Inc. 0.09% 569 $547K New
CMCSA Comcast Corp. Class A 0.08% 15,006 $536K Reduce -21.7%
MPLX MPLX LP 0.08% 10,340 $533K Reduce -7.3%
WM Waste Management Inc. 0.08% 2,317 $530K No change
APTV Aptiv PLC 0.08% 6,131 $529K No change
CXM Sprinklr Inc. Class A 0.08% 68,047 $525K New
MKTX Marketaxess Holdings Inc. 0.08% 2,963 $516K No change
WFC Wells Fargo & Co. 0.08% 6,333 $507K Add +28.4%
SU Suncor Energy Inc. 0.08% 13,536 $507K Add +6.4%
CAT Caterpillar Inc. 0.08% 1,302 $506K Reduce -2.3%
TECH Bio-Techne Corp. 0.08% 9,691 $499K Reduce -7.3%
BIL SS SPDR BB 1-3M T-Bill ETF 0.08% 5,413 $497K Add +11.9%
AMLP Alerian MLP ETF 0.08% 10,150 $496K Add +15.3%
RBIL US Treasury Ultra Short Tips 0.08% 9,820 $492K New
ZBRA Zebra Technologies Corp. Class A 0.08% 1,652 $491K New
HON Honeywell International Inc. 0.08% 2,092 $487K Reduce -24.5%
EPR Epr Properties filed as EPR PPTYS 0.08% 8,368 $485K No change
GNTX Gentex Corp. 0.08% 17,127 $485K No change
CTRA Coterra Energy Inc. 0.08% 20,469 $484K No change
XETYX Eaton Vance Tax-MGD Div Eqty 0.08% 31,252 $483K Reduce -12.8%
AXP American Express Co. 0.08% 1,509 $481K Add +26.6%
ETHA iShares Ethereum Trust ETF 0.08% 25,235 $481K Add +22.4%
BDX Becton Dickinson and Co. 0.08% 2,784 $480K Reduce -0.1%
ENB Enbridge Inc. 0.08% 10,512 $476K Reduce -2.6%
SNPS Synopsys Inc. 0.07% 957 $472K Reduce -23.9%
BMY Bristol-Myers Squibb Co. 0.07% 10,084 $467K Add +2.3%
PAX Patria Investments Ltd. Class A 0.07% 31,969 $467K No change
FEM First Trust Emerging Markets 0.07% 18,948 $465K Add +0.0%
CRON Cronos Group Inc. 0.07% 241,205 $461K Reduce -10.3%
PAAS Pan American Silver Corp. 0.07% 11,877 $460K New
MSI Motorola Solutions Inc. 0.07% 1,094 $460K Reduce -5.5%
ROK Rockwell Automation Inc. 0.07% 1,378 $458K No change
NMR Nomura Holdings Inc.-Spon ADR 0.07% 62,900 $457K No change
ERIE Erie Indemnity Company Class A 0.07% 1,434 $456K No change
RGLD Royal Gold Inc. 0.07% 2,274 $456K New
EPD Enterprise Products Partners 0.07% 14,667 $455K Add +4.2%
ASR Grupo Aeroportuario Sur-ADR 0.07% 1,401 $453K No change
VT Vanguard Tot World STK ETF 0.07% 3,500 $450K No change
GNRC Generac Holdings Inc. 0.07% 2,666 $446K Reduce -14.6%
ADT Adt Inc. 0.07% 51,192 $446K No change
RDVI FT Vest Rising Dividend Achi 0.07% 17,975 $444K Add +89.7%
LDOS Leidos Holdings Inc. 0.07% 2,805 $443K New
CTSH Cognizant Tech Solutions-A 0.07% 6,568 $441K No change
HUYA Huya Inc.-ADR 0.07% 125,144 $441K Add +6.5%
ABNB Airbnb Inc. Class A 0.07% 3,310 $438K Reduce -9.4%
ARE Alexandria Real Estate Equit 0.07% 5,243 $437K New
HURN Huron Consulting Group Inc. 0.07% 2,950 $433K New
ZROZ PIMCO 25+ YR Zero CPN US Tif 0.07% 6,455 $433K Add +8.3%
XLF SS Financial Select Sector 0.07% 8,209 $430K Reduce -1.8%
BCSF Bain Capital Specialty Finan 0.07% 28,447 $428K Reduce -3.4%
MAA Mid-America Apartment Comm 0.07% 2,852 $422K Reduce -0.8%
MELI MercadoLibre Inc. 0.07% 160 $418K No change
BOXX Alpha Architect 1-3 MNTH Box 0.07% 3,704 $417K New
VNOM Viper Energy Inc. Class A 0.06% 10,718 $410K New
NGG National Grid PLC-SP ADR 0.06% 5,400 $402K No change
DGRO iShares Core Dividend Growth 0.06% 6,274 $401K Reduce -6.2%
GPC Genuine Parts Co. 0.06% 3,289 $399K Reduce -11.3%
EOS Eaton Vance Enh Eqt Inc. II 0.06% 16,474 $399K Add +5.6%
STWD Starwood Property Trust Inc. 0.06% 19,845 $398K Add +5.2%
CXW Corecivic Inc. 0.06% 19,460 $396K New
GSK GSK PLC-Spon ADR 0.06% 10,231 $393K Add +9.4%
KBE SS SPDR S&P Bank ETF 0.06% 7,000 $390K No change
ZTS Zoetis Inc. 0.06% 2,493 $389K Add +29.8%
UPS United Parcel Service Class B 0.06% 3,824 $386K Reduce -43.5%
CTMX Cytomx Therapeutics Inc. 0.06% 118,337 $377K Reduce -62.2%
D Dominion Energy Inc. 0.06% 6,653 $376K Add +19.1%
LYB Lyondellbasell Indu Class A 0.06% 6,414 $371K Add +21.7%
PAGP Plains GP Holdings LP 0.06% 20,276 $370K No change
IREN Iren Ltd. filed as IREN LIMITED 0.06% 25,350 $369K New
STZ Constellation Brands Inc. Class A 0.06% 2,265 $369K Add +23.0%
LH Labcorp Holdings Inc. 0.06% 1,379 $362K No change
CCJ Cameco Corp. 0.06% 4,859 $361K Reduce -61.9%
EOT Eaton Vance National Municip 0.06% 22,100 $359K Add +4.7%
CAAP Corp. America Airports SA filed as CORPORACION AMER ARPTS S A 0.06% 19,506 $353K No change
CSX CSX Corp. 0.06% 10,807 $353K Add +0.0%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.06% 10,428 $352K Add +7.6%
TT Trane Technologies PLC 0.06% 798 $349K No change
HOLX Hologic Inc. 0.05% 5,133 $346K No change
HEZU iShares Currency Hedged MSCI 0.05% 8,430 $346K Add +7.3%
MDLZ Mondelez International Inc. Class A 0.05% 5,126 $346K Reduce -2.0%
RCL Royal Caribbean Cruises Ltd. 0.05% 1,100 $344K No change
SHY iShares 1-3 Year Treasury Bo 0.05% 4,145 $343K Add +20.3%
BFIX Build Bond Innovation ETF 0.05% 13,499 $339K Reduce -10.6%
DAL Delta Air Lines Inc. 0.05% 6,880 $338K No change
SPDW Ste STR SPDR PT DW Eu ETF 0.05% 8,346 $338K Add +0.1%
NVS Novartis AG-Sponsored ADR 0.05% 2,775 $336K Reduce -21.8%
ETG Eaton Vance T/A GL DVD Incm 0.05% 15,966 $334K Reduce -4.1%
ATR Aptargroup Inc. 0.05% 2,129 $333K Reduce -13.5%
IEMG iShares Core MSCI Emerging 0.05% 5,520 $331K New
PETS Petmed Express Inc. 0.05% 99,001 $329K Reduce -13.7%
KRE SS SPDR S&P Regional Bank 0.05% 5,500 $327K No change
VLO Valero Energy Corp. 0.05% 2,420 $325K No change
PSO Pearson PLC-Sponsored ADR 0.05% 22,891 $324K No change
AFG American Financial Group Inc. 0.05% 2,560 $323K Reduce -25.7%
TSCO Tractor Supply Company 0.05% 6,104 $322K Reduce -0.8%
TFC Truist Financial Corp. 0.05% 7,424 $319K Reduce -8.1%
HOOD Robinhood Markets Inc. Class A 0.05% 3,356 $314K New
DXJ Wisdomtree Japan Hedged Eq 0.05% 2,749 $314K Add +4.3%
COP Conocophillips 0.05% 3,427 $308K Add +0.0%
AWK American Water Works Co. Inc. 0.05% 2,198 $306K Add +0.6%
UTES Virtus Reaves Utilities ETF 0.05% 3,901 $295K Reduce -6.3%
RSG Republic Services Inc. 0.05% 1,192 $294K Add +1.0%
IEFA iShares Core MSCI Eafe ETF 0.05% 3,491 $291K Add +9.9%
IWR iShares Russell Mid-Cap ETF 0.05% 3,160 $291K No change
MLM Martin Marietta Materials 0.04% 515 $283K No change
FV First Trust DW Focus 5 Fund 0.04% 4,752 $282K Reduce -10.1%
SF Stifel Financial Corp. 0.04% 2,700 $280K No change
XONE Bondbloxx BBG 1 Dur US Treas 0.04% 5,636 $280K Add +8.6%
XLG Invesco S&P 500 Top 50 ETF 0.04% 5,320 $277K New
IWD iShares Russell 1000 Value E 0.04% 1,425 $277K Reduce -0.1%
AFL Aflac Inc. 0.04% 2,623 $277K Reduce -0.1%
KMB Kimberly-Clark Corp. 0.04% 2,133 $275K Add +0.1%
SPTM SS SPDR P S&P 1500 Comp ETF 0.04% 3,672 $275K No change
MSTR Strategy Inc. 0.04% 4,660 $275K Add +490.6%
BKR Baker Hughes Co. 0.04% 7,116 $273K Add +2.3%
NUE Nucor Corp. 0.04% 2,103 $272K New
ES Eversource Energy 0.04% 4,252 $271K No change
SDY SS SPDR S&P Dividend ETF 0.04% 1,991 $270K No change
QQQX Nuveen Nasdaq 100 DYN Overwr 0.04% 10,200 $270K Add +10.9%
ADSK Autodesk Inc. 0.04% 870 $269K No change
IDCC Interdigital Inc. 0.04% 1,200 $269K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 2,940 $268K No change
MDT Medtronic PLC 0.04% 3,051 $266K Reduce -7.3%
ETJ Eaton Vance RSK-MGD Divers 0.04% 29,302 $265K Add +0.7%
SSYS Stratasys Ltd. 0.04% 22,835 $262K Reduce -8.3%
VFF Village Farms International 0.04% 237,200 $261K Reduce -9.4%
FDT First Trust Develp MKT Ex-US 0.04% 3,745 $258K No change
CARR Carrier Global Corp. 0.04% 3,466 $254K Reduce -4.0%
RDVY First Trust Rising Dividend 0.04% 4,037 $253K No change
BTC Grayscale Bitcoin Mini ETF 0.04% 5,211 $249K New
MKTW Marketwise Inc. 0.04% 14,999 $248K No change
GILD Gilead Sciences Inc. 0.04% 2,225 $247K Reduce -3.0%
GIS General Mills Inc. 0.04% 4,662 $242K Reduce -32.8%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,359 $240K Add +13.1%
SMCI Super Micro Computer Inc. 0.04% 4,870 $239K New
BX Blackstone Inc. 0.04% 1,595 $239K Reduce -3.0%
UPGD Invesco Bloomberg Analyst Ra 0.04% 3,340 $237K No change
LHX L3HARRIS Technologies Inc. 0.04% 944 $237K New
VEA Vanguard Ftse Developed ETF 0.04% 4,124 $235K Add +1.8%
ITW Illinois Tool Works 0.04% 939 $232K No change
AVAV Aerovironment Inc. 0.04% 800 $228K New
RSP Invesco S&P 500 Equal Weight 0.04% 1,246 $226K New
CPT Camden Property Trust 0.04% 1,999 $225K No change
LRCX Lam Research Corp. 0.04% 2,310 $225K New
BTE Baytex Energy Corp. 0.04% 124,350 $223K Reduce -8.6%
MAR Marriott International Class A 0.03% 785 $215K New
AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO 0.03% 669 $214K No change
EQT Eqt Corp. 0.03% 3,670 $214K Reduce -7.6%
CVS CVS Health Corp. 0.03% 3,095 $214K Reduce -31.5%
PAYX Paychex Inc. 0.03% 1,456 $212K No change
KKR KKR & Co. Inc. 0.03% 1,591 $212K New
ELV Elevance Health Inc. 0.03% 522 $203K Add +2.4%
OGI Organigram Global Inc. 0.03% 149,216 $201K New
GCPU Grayscale AI Compute ETF 0.03% 7,976 $200K New
VMO Invesco Municipal Opport 0.03% 21,650 $199K Add +14.8%
RVT Royce Small-Cap Trust Inc. 0.03% 10,687 $161K Reduce -7.0%
ARCT Arcturus Therapeutics Holdin 0.02% 10,300 $134K Reduce -29.9%
JOBY Joby Aviation Inc. 0.02% 12,350 $130K New
NZF Nuveen Municipal Credit Inc. 0.02% 10,094 $120K New
VKI Invesco Adv Muni Inc. TR II 0.02% 12,250 $103K Reduce -4.3%
AXTI Axt Inc. 0.02% 46,925 $98K Reduce -4.0%
KPLT Katapult Holdings Inc. 0.01% 11,006 $88K Reduce -0.5%
XJQCX Nuveen Credit Strategies Inc. 0.01% 15,300 $82K Reduce -16.4%
LCID Lucid Group Inc. 0.00% 10,200 $22K No change
OPK Opko Health Inc. 0.00% 14,296 $19K Reduce -5.0%

Options reported separately and not counted above: MSTR calls ($8K).

Other holdings (3): bonds, preferreds, convertibles and warrants · $1.4M (not counted above)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 23,190$1.0MAdd +51.4%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 7,400$397KNew
KPLTW Katapult Holdings Inc. -CW26 *W EXP 06/09/202 36,000$284No change

Total filed on the 13F, all lines: $635.0M.

Portfolio Sells Q2 2025 → Q3 2025

AAPL Apple Inc. Reduce -3.5% 6.57% −1.25
PG The Procter & Gamble Co. Reduce -1.5% 7.27% −1.10
KONG Formidable Fortress ETF Reduce -8.5% 3.10% −0.34
GGN Gamco GLBL Gold NTRL Res Inc. Reduce -11.3% 1.11% −0.21
XOM Exxon Mobil Corp. Reduce -3.5% 0.94% −0.20
JD Jd.com Inc.-ADR Reduce -8.2% 0.35% −0.16
FORH Formidable ETF Reduce -6.2% 2.95% −0.15
BRK.B Berkshire Hathaway Inc. Class B Reduce -0.9% 0.83% −0.14
AEM Agnico Eagle Mines Ltd. Sold out 0.00% −0.14
AMGN Amgen Inc. Reduce -18.9% 0.28% −0.13
HD Home Depot Inc. Reduce -10.3% 0.67% −0.12
TDVG T Rowe Price Dividend Growth Reduce -22.1% 0.39% −0.12
SKX Skechers USA Inc. Class A Sold out 0.00% −0.11
JNPR Juniper Networks Inc. Sold out 0.00% −0.10
JNJ Johnson & Johnson Reduce -3.1% 0.70% −0.10
KGC Kinross Gold Corp. Sold out 0.00% −0.08
MRK Merck & Co. Inc. Reduce -17.7% 0.17% −0.08
LULU Lululemon Athletica Inc. Sold out 0.00% −0.08
WPM Wheaton Precious Metals Corp. Sold out 0.00% −0.07
OXY Occidental Petroleum Corp. Sold out 0.00% −0.07
SAIC Science Applications Inte Sold out 0.00% −0.07
ACN Accenture PLC Class A Reduce -7.7% 0.34% −0.07
STR Sitio Royalties Corp. Class A Sold out 0.00% −0.07
ABBV Abbvie Inc. Reduce -1.9% 0.30% −0.07
CCJ Cameco Corp. Reduce -61.9% 0.06% −0.07
AQN Algonquin Power & Utilities Sold out 0.00% −0.07
SBUX Starbucks Corp. Reduce -12.1% 0.22% −0.07
UPS United Parcel Service Class B Reduce -43.5% 0.06% −0.06
HES Hess Corp. Sold out 0.00% −0.06
MO Altria Group Inc. Reduce -5.7% 0.40% −0.06
CTMX Cytomx Therapeutics Inc. Reduce -62.2% 0.06% −0.06
NEE Nextera Energy Inc. Reduce -0.1% 0.69% −0.06
HDV iShares Core High Dividend E Reduce -2.0% 0.47% −0.06
KWEB Kranesh Csi China Internet Reduce -31.6% 0.09% −0.05
SHOP Shopify Inc. Class A Sold out 0.00% −0.05
XEVTX Eaton Vance Tax-Adv DVD Inc. Reduce -6.6% 0.53% −0.05
CHD Church & Dwight Co. Inc. Reduce -7.2% 0.16% −0.05
V Visa Inc. Class A Reduce -2.1% 0.69% −0.05
WSM Williams-Sonoma Inc. Reduce -12.9% 0.26% −0.05
OKE Oneok Inc. Reduce -0.2% 0.14% −0.04
WTW Willis Towers Watson PLC Reduce -8.3% 0.15% −0.04
INTC Intel Corp. Reduce -16.2% 0.15% −0.04
TMO Thermo Fisher Scientific Inc. Sold out 0.00% −0.04
TSLL Dirx DLY Tsla Bul 2X ETF-Aui Sold out 0.00% −0.04
ED Consolidated Edison Inc. Sold out 0.00% −0.04
JKHY Jack Henry & Associates Inc. Reduce -4.2% 0.18% −0.04
XEXGX Eaton Vance Tax-Managed Glob Reduce -4.1% 1.35% −0.04
PFE Pfizer Inc. Reduce -7.8% 0.19% −0.04
PLD Prologis Inc. Sold out 0.00% −0.04
EL Estee Lauder Companies Class A Sold out 0.00% −0.04

Portfolio Buys Q2 2025 → Q3 2025

META Meta Platforms Inc. Class A Add +2.5% 3.13% +0.57
AVGO Broadcom Inc. Add +6.7% 0.90% +0.36
GOOG Alphabet Inc. Class C Add +10.5% 1.27% +0.22
ECAT BlackRock ESG Cap All TRM TR Add +59.6% 0.57% +0.20
JGRO JPMorgan Active Growth ETF Add +18.3% 0.82% +0.19
JPST JPMorgan Ultra-Short Income Add +33.7% 0.91% +0.19
VRT Vertiv Holdings Co. Class A New 0.19% +0.19
ORCL Oracle Corp. Add +1.7% 0.51% +0.17
TSLA Tesla Inc. Add +6.3% 0.89% +0.16
AMD Advanced Micro Devices Add +17.4% 0.46% +0.16
CRWD CrowdStrike Holdings Inc. Class A Add +59.8% 0.27% +0.14
AMZN Amazon.com Inc. Add +2.4% 1.25% +0.13
IVVB iShares Large Cap Deep Quart New 0.12% +0.12
IVW iShares S&P 500 Growth ETF Add +133.4% 0.18% +0.11
QUAL iShares MSCI USA Quality Fac Add +8.3% 1.28% +0.11
G Genpact Ltd. New 0.10% +0.10
FLUX Flux Power Holdings Inc. Add +4.2% 0.94% +0.10
UBER Uber Technologies Inc. Add +21.2% 0.28% +0.09
ANET Arista Networks Inc. New 0.09% +0.09
NOW ServiceNow Inc. New 0.09% +0.09
VIG Vanguard Dividend Apprec ETF Add +16.3% 0.63% +0.09
CXM Sprinklr Inc. Class A New 0.08% +0.08
BSTZ BlackRock Sci & Tech TRM TR Add +109.0% 0.14% +0.08
RBIL US Treasury Ultra Short Tips New 0.08% +0.08
ZBRA Zebra Technologies Corp. Class A New 0.08% +0.08
PLTR Palantir Technologies Inc. Class A Add +14.8% 0.18% +0.08
PAAS Pan American Silver Corp. New 0.07% +0.07
RGLD Royal Gold Inc. New 0.07% +0.07
LDOS Leidos Holdings Inc. New 0.07% +0.07
ARE Alexandria Real Estate Equit New 0.07% +0.07
SDVY First Trust Smid Cap Rising Add +17.2% 0.49% +0.07
COIN Coinbase Global Inc. Class A Add +33.5% 0.11% +0.07
HURN Huron Consulting Group Inc. New 0.07% +0.07
AMAT Applied Materials Inc. Add +28.1% 0.20% +0.07
GS Goldman Sachs Group Inc. Add +23.5% 0.20% +0.07
BOXX Alpha Architect 1-3 MNTH Box New 0.07% +0.07
VNOM Viper Energy Inc. Class A New 0.06% +0.06
NVO Novo-Nordisk A/S-Spons ADR Add +44.0% 0.25% +0.06
TSM Taiwan Semiconductor-SP ADR Add +51.4% 0.13% +0.06
CXW Corecivic Inc. New 0.06% +0.06
IREN Iren Ltd. New 0.06% +0.06
TXRH Texas Roadhouse Inc. Add +113.1% 0.11% +0.06
ETN Eaton Corp. PLC Add +4.9% 0.24% +0.06
BIP Brookfield Infrastructure Pa Add +91.5% 0.12% +0.05
MU Micron Technology Inc. Add +19.6% 0.14% +0.05
IEMG iShares Core MSCI Emerging New 0.05% +0.05
GOOGL Alphabet Inc. Class A Add +0.2% 0.72% +0.05
ETH Grayscale Ethereum Staking M Add +33.8% 0.12% +0.05
BKNG Booking Holdings Inc. Add +1.2% 0.30% +0.05
IJR iShares Core S&P Small-Cap E Add +51.0% 0.15% +0.05

Options Activity Q2 2025 → Q3 2025

MSTR Strategy Inc. call New 4,000 $8K

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q2 2025 → Q3 2025

NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 Add +51.4% 23,190 $1.0M
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D New 7,400 $397K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

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