Formidable Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 16, 2026), Formidable Asset Management, LLC reported 391 stock positions worth $685.7 million. Its top holding was Apple (AAPL) at 7.3% of the portfolio, followed by Procter & Gamble (PG, 6.4%) and Nvidia (NVDA, 3.9%). Compared with Q3 2025, it opened 30 new positions, sold out of 25, added to 91 and reduced 207. The biggest buy was Flux Power (FLUX, shares +0%) and the biggest sale Procter & Gamble (PG, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- CINCINNATI, OH
- CIK
- 0001592613
- Portfolio Value
- $685.7M (Q4 2025)
- SEC Filing
- 0001592613-26-000001 ↗ filed Jan 16, 2026
Holdings Value
Holdings 391 stocks · $685.7M
| AAPL Apple Inc. | 7.28% | 196,091 | $49.9M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 6.38% | 284,535 | $43.7M | Reduce -1.6% |
| NVDA Nvidia Corp. | 3.90% | 143,327 | $26.7M | Reduce -1.1% |
| MSFT Microsoft Corp. | 3.61% | 47,891 | $24.7M | Reduce -0.1% |
| KONG Formidable Fortress ETF | 3.02% | 677,875 | $20.7M | Add +2.4% |
| FORH Formidable ETF | 2.95% | 789,569 | $20.2M | Reduce -3.1% |
| META Meta Platforms Inc. Class A | 2.86% | 26,863 | $19.6M | Reduce -0.1% |
| GOOG Alphabet Inc. Class C | 1.54% | 42,995 | $10.6M | Reduce -1.9% |
| FLUX Flux Power Holdings Inc. filed as FLUX PWR HLDGS INC | 1.52% | 3,143,056 | $10.4M | Add +0.4% |
| LLY Eli Lilly & Co. | 1.34% | 12,029 | $9.2M | Add +9.2% |
| BABA Alibaba Group Holding-SP ADR | 1.27% | 48,779 | $8.7M | Add +17.6% |
| AMZN Amazon.com Inc. | 1.26% | 39,308 | $8.6M | Add +9.3% |
| TSLA Tesla Inc. | 1.24% | 19,180 | $8.5M | Add +8.6% |
| JPM JPMorgan Chase & Co. | 1.24% | 26,854 | $8.5M | Reduce -2.0% |
| XEXGX Eaton Vance Tax-Managed Glob | 1.22% | 916,333 | $8.3M | Reduce -6.5% |
| QUAL iShares MSCI USA Quality Fac | 1.18% | 41,680 | $8.1M | Reduce -6.1% |
| CHE Chemed Corp. | 1.09% | 16,781 | $7.5M | Reduce -17.2% |
| GGN Gamco GLBL Gold NTRL Res Inc. | 1.08% | 1,433,817 | $7.4M | Reduce -10.7% |
| AVGO Broadcom Inc. | 0.99% | 20,514 | $6.8M | Reduce -1.2% |
| GOOGL Alphabet Inc. Class A | 0.91% | 25,780 | $6.3M | Reduce -0.6% |
| JPST JPMorgan Ultra-Short Income | 0.88% | 118,533 | $6.0M | Add +3.7% |
| JGRO JPMorgan Active Growth ETF | 0.87% | 63,953 | $6.0M | Add +5.7% |
| XOM Exxon Mobil Corp. | 0.85% | 51,714 | $5.8M | Reduce -5.9% |
| JNJ Johnson & Johnson | 0.77% | 28,142 | $5.3M | Add +0.1% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.76% | 10,308 | $5.2M | Reduce -4.7% |
| ECAT BlackRock ESG Cap All TRM TR | 0.71% | 295,548 | $4.8M | Add +30.7% |
| NEE Nextera Energy Inc. | 0.70% | 63,791 | $4.8M | Add +0.6% |
| HD Home Depot Inc. | 0.66% | 11,186 | $4.5M | Reduce -4.0% |
| TBIL F/M US Treasury 3 Month Bill | 0.65% | 89,170 | $4.5M | Reduce -20.6% |
| VIG Vanguard Dividend Apprec ETF | 0.63% | 20,007 | $4.3M | Add +2.7% |
| AMD Advanced Micro Devices | 0.62% | 26,440 | $4.3M | Add +28.7% |
| V Visa Inc. Class A | 0.61% | 12,222 | $4.2M | Reduce -0.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.61% | 14,718 | $4.2M | Add +13.8% |
| CVX Chevron Corp. | 0.59% | 26,058 | $4.0M | Reduce -1.1% |
| ORCL Oracle Corp. | 0.56% | 13,620 | $3.8M | Reduce -7.4% |
| ADBE Adobe Inc. | 0.56% | 10,806 | $3.8M | Add +36.0% |
| PEP Pepsico Inc. | 0.53% | 26,045 | $3.7M | Add +8.1% |
| MCD McDonald's Corp. | 0.50% | 11,255 | $3.4M | Add +10.9% |
| WMT Walmart Inc. | 0.47% | 31,446 | $3.2M | Reduce -1.5% |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | 0.47% | 132,477 | $3.2M | Reduce -4.7% |
| SDVY First Trust Smid Cap Rising | 0.46% | 83,496 | $3.2M | Reduce -4.9% |
| ACTG Acacia Research Corp. | 0.45% | 870,831 | $3.1M | Reduce -9.3% |
| ASML ASML Holding NV-NY Reg SHS | 0.41% | 2,896 | $2.8M | Add +123.5% |
| VZ Verizon Communications Inc. | 0.39% | 61,052 | $2.7M | Add +11.3% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.39% | 5,468 | $2.7M | Add +65.8% |
| DTH Wisdomtree International Hig | 0.39% | 53,960 | $2.7M | Add +1.9% |
| DELL Dell Technologies -C | 0.38% | 18,460 | $2.6M | Add +10.7% |
| ABBV Abbvie Inc. | 0.35% | 10,223 | $2.4M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.34% | 3,535 | $2.4M | Add +5.3% |
| QCOM Qualcomm Inc. | 0.34% | 14,217 | $2.4M | Reduce -11.8% |
| TDVG T Rowe Price Dividend Growth | 0.34% | 52,327 | $2.3M | Reduce -10.7% |
| HDV iShares Core High Dividend E | 0.33% | 18,751 | $2.3M | Reduce -26.4% |
| MO Altria Group Inc. | 0.33% | 34,694 | $2.3M | Reduce -19.9% |
| RBCAA Republic Bancorp Inc. Class A | 0.32% | 30,776 | $2.2M | Add +0.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.32% | 43,054 | $2.2M | Reduce -5.8% |
| UBER Uber Technologies Inc. | 0.32% | 22,408 | $2.2M | Add +18.9% |
| TLT iShares 20+ Year Treasury BD | 0.32% | 24,556 | $2.2M | Add +7.1% |
| IEF iShares 7-10 Year Treasury B | 0.31% | 22,274 | $2.1M | Add +7.5% |
| GD General Dynamics Corp. | 0.31% | 6,184 | $2.1M | Reduce -21.0% |
| JD Jd.com Inc.-ADR | 0.30% | 59,437 | $2.1M | Reduce -13.4% |
| RPRX Royalty Pharma PLC Class A | 0.30% | 55,737 | $2.1M | Add +54.0% |
| NEM Newmont Corp. | 0.29% | 23,775 | $2.0M | Reduce -11.9% |
| TSM Taiwan Semiconductor-SP ADR | 0.29% | 7,069 | $2.0M | Add +93.9% |
| MA Mastercard Inc. Class A | 0.28% | 3,430 | $2.0M | Reduce -5.0% |
| VYM Vanguard High DVD Yield ETF | 0.28% | 13,822 | $1.9M | Reduce -4.5% |
| HQL Abrdn Life Sciences Investor | 0.28% | 124,445 | $1.9M | Add +63.3% |
| GE General Electric filed as GE AEROSPACE | 0.28% | 6,393 | $1.9M | Reduce -20.2% |
| VKTX Viking Therapeutics Inc. | 0.28% | 69,885 | $1.9M | Add +44.8% |
| AMAT Applied Materials Inc. | 0.27% | 9,073 | $1.9M | Add +33.8% |
| OBIL F/M US Treasury 12 Month Bil | 0.27% | 36,518 | $1.8M | Reduce -3.4% |
| BKNG Booking Holdings Inc. | 0.26% | 330 | $1.8M | No change |
| DE Deere & Co. | 0.26% | 3,879 | $1.8M | Reduce -1.2% |
| ACN Accenture PLC Class A | 0.25% | 7,089 | $1.7M | Reduce -2.0% |
| PYPL PayPal Holdings Inc. | 0.25% | 25,732 | $1.7M | Reduce -3.3% |
| EXPE Expedia Group Inc. | 0.25% | 8,057 | $1.7M | Reduce -9.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 2,560 | $1.7M | Reduce -0.8% |
| RYLD Global X Russell 2000 Cov Class | 0.25% | 113,140 | $1.7M | Reduce -9.7% |
| UNP Union Pacific Corp. | 0.24% | 7,107 | $1.7M | Add +25.6% |
| GDLC Grayscale Coindesk 5 ETF | 0.24% | 29,825 | $1.7M | New |
| SYBT Stock Yards Bancorp Inc. | 0.24% | 23,658 | $1.7M | Reduce -13.9% |
| ETN Eaton Corp. PLC | 0.23% | 4,299 | $1.6M | Add +0.7% |
| NFLX Netflix Inc. | 0.23% | 1,333 | $1.6M | Reduce -90.0% |
| QGRW Wisdomtree US Quality Growth | 0.23% | 27,467 | $1.6M | New |
| FDL First Trust Morn DVD Lead Inc. | 0.23% | 35,879 | $1.6M | Add +2.6% |
| EOG EOG Resources Inc. | 0.22% | 13,642 | $1.5M | Add +0.6% |
| DCI Donaldson Co. Inc. | 0.22% | 18,554 | $1.5M | No change |
| AMGN Amgen Inc. | 0.22% | 5,339 | $1.5M | Reduce -15.5% |
| ETO Eaton Vance T/A GLBL DVD Opp | 0.22% | 54,614 | $1.5M | Reduce -7.2% |
| GS Goldman Sachs Group Inc. | 0.22% | 1,886 | $1.5M | Add +5.5% |
| IBIT iShares Bitcoin Trust ETF | 0.22% | 22,993 | $1.5M | Reduce -3.4% |
| PLTR Palantir Technologies Inc. Class A | 0.22% | 8,173 | $1.5M | Reduce -2.4% |
| IREN Iren Ltd. filed as IREN LIMITED | 0.22% | 31,536 | $1.5M | Add +24.4% |
| UNH Unitedhealth Group Inc. | 0.21% | 4,232 | $1.5M | Reduce -29.1% |
| LAR Lithium Argentina AG | 0.21% | 315,421 | $1.4M | Reduce -8.6% |
| OMAH Vistashares TRG 15 Berkshire | 0.21% | 74,204 | $1.4M | New |
| TLN Talen Energy Corp. | 0.20% | 3,348 | $1.4M | Add +3.9% |
| VRT Vertiv Holdings Co. Class A | 0.20% | 8,950 | $1.4M | Reduce -3.6% |
| GWW WW Grainger Inc. | 0.20% | 1,415 | $1.3M | Reduce -33.4% |
| MPC Marathon Petroleum Corp. | 0.19% | 6,876 | $1.3M | Add +0.7% |
| ETH Grayscale Ethereum Staking M | 0.19% | 33,557 | $1.3M | Add +4.6% |
Options reported separately and not counted above: MSTR calls ($14K), SPY puts ($1K), NVDA puts ($183).
Other holdings (3): bonds, preferreds, convertibles and warrants · $1.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | 24,885 | $1.2M | Add +7.3% |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | 8,100 | $424K | Add +9.5% |
| KPLTW Katapult Holdings Inc. -CW26 | *W EXP 06/09/202 | 30,000 | $204 | Reduce -16.7% |
Total filed on the 13F, all lines: $687.3M.
Portfolio Sells Q3 2025 → Q4 2025
| PG The Procter & Gamble Co. | Reduce -1.6% | 6.38% | −0.89 |
| CHE Chemed Corp. | Reduce -17.2% | 1.09% | −0.46 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 2.86% | −0.27 |
| TBIL F/M US Treasury 3 Month Bill | Reduce -20.6% | 0.65% | −0.24 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -66.5% | 0.06% | −0.19 |
| MSFT Microsoft Corp. | Reduce -0.1% | 3.61% | −0.16 |
| GWW WW Grainger Inc. | Reduce -33.4% | 0.20% | −0.15 |
| XEXGX Eaton Vance Tax-Managed Glob | Reduce -6.5% | 1.22% | −0.14 |
| HDV iShares Core High Dividend E | Reduce -26.4% | 0.33% | −0.14 |
| SHAK Shake Shack Inc. Class A | Reduce -39.5% | 0.07% | −0.12 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.12 |
| SYBT Stock Yards Bancorp Inc. | Reduce -13.9% | 0.24% | −0.10 |
| QUAL iShares MSCI USA Quality Fac | Reduce -6.1% | 1.18% | −0.10 |
| ACN Accenture PLC Class A | Reduce -2.0% | 0.25% | −0.09 |
| XOM Exxon Mobil Corp. | Reduce -5.9% | 0.85% | −0.08 |
| CMCSA Comcast Corp. Class A | Sold out | 0.00% | −0.08 |
| BA The Boeing Co. | Reduce -50.7% | 0.07% | −0.08 |
| CXM Sprinklr Inc. Class A | Sold out | 0.00% | −0.08 |
| CORT Corcept Therapeutics Inc. | Reduce -28.1% | 0.03% | −0.08 |
| UNH Unitedhealth Group Inc. | Reduce -29.1% | 0.21% | −0.08 |
| V Visa Inc. Class A | Reduce -0.6% | 0.61% | −0.08 |
| ZBRA Zebra Technologies Corp. Class A | Sold out | 0.00% | −0.08 |
| NICE Nice Ltd. - Spon ADR | Reduce -43.0% | 0.05% | −0.08 |
| PM Philip Morris International | Reduce -23.4% | 0.13% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -4.7% | 0.76% | −0.07 |
| SBUX Starbucks Corp. | Reduce -21.0% | 0.15% | −0.07 |
| NMR Nomura Holdings Inc.-Spon ADR | Sold out | 0.00% | −0.07 |
| ROK Rockwell Automation Inc. | Sold out | 0.00% | −0.07 |
| ARE Alexandria Real Estate Equit | Sold out | 0.00% | −0.07 |
| ZROZ PIMCO 25+ YR Zero CPN US Tif | Sold out | 0.00% | −0.07 |
| WSM Williams-Sonoma Inc. | Reduce -33.2% | 0.19% | −0.07 |
| PINS Pinterest Inc. Class A | Reduce -37.2% | 0.05% | −0.07 |
| MO Altria Group Inc. | Reduce -19.9% | 0.33% | −0.07 |
| CHD Church & Dwight Co. Inc. | Reduce -26.8% | 0.10% | −0.06 |
| UTHR United Therapeutics Corp. | Reduce -48.5% | 0.08% | −0.06 |
| WTW Willis Towers Watson PLC | Reduce -42.1% | 0.09% | −0.06 |
| PYPL PayPal Holdings Inc. | Reduce -3.3% | 0.25% | −0.06 |
| QCOM Qualcomm Inc. | Reduce -11.8% | 0.34% | −0.06 |
| ACTG Acacia Research Corp. | Reduce -9.3% | 0.45% | −0.06 |
| DOCU Docusign Inc. | Reduce -47.2% | 0.05% | −0.06 |
| D Dominion Energy Inc. | Sold out | 0.00% | −0.06 |
| AMGN Amgen Inc. | Reduce -15.5% | 0.22% | −0.06 |
| STZ Constellation Brands Inc. Class A | Sold out | 0.00% | −0.06 |
| PHM Pultegroup Inc. | Reduce -32.4% | 0.08% | −0.06 |
| CCJ Cameco Corp. | Sold out | 0.00% | −0.06 |
| ROST Ross Stores Inc. | Reduce -46.2% | 0.08% | −0.06 |
| TDVG T Rowe Price Dividend Growth | Reduce -10.7% | 0.34% | −0.06 |
| DE Deere & Co. | Reduce -1.2% | 0.26% | −0.06 |
| XEVTX Eaton Vance Tax-Adv DVD Inc. | Reduce -4.7% | 0.47% | −0.06 |
| CAAP Corp. America Airports SA | Sold out | 0.00% | −0.06 |
Portfolio Buys Q3 2025 → Q4 2025
| FLUX Flux Power Holdings Inc. | Add +0.4% | 1.52% | +0.57 |
| BABA Alibaba Group Holding-SP ADR | Add +17.6% | 1.27% | +0.53 |
| TSLA Tesla Inc. | Add +8.6% | 1.24% | +0.36 |
| ASML ASML Holding NV-NY Reg SHS | Add +123.5% | 0.41% | +0.24 |
| GDLC Grayscale Coindesk 5 ETF | New | 0.24% | +0.24 |
| QGRW Wisdomtree US Quality Growth | New | 0.23% | +0.23 |
| OMAH Vistashares TRG 15 Berkshire | New | 0.21% | +0.21 |
| AMD Advanced Micro Devices | Add +28.7% | 0.62% | +0.16 |
| TSM Taiwan Semiconductor-SP ADR | Add +93.9% | 0.29% | +0.16 |
| IREN Iren Ltd. | Add +24.4% | 0.22% | +0.16 |
| BGR BlackRock Enrgy & Res TR | New | 0.15% | +0.15 |
| NRG NRG Energy Inc. | New | 0.13% | +0.13 |
| ECAT BlackRock ESG Cap All TRM TR | Add +30.7% | 0.71% | +0.13 |
| TSLL Dirx DLY Tsla Bul 2X ETF-Aui | New | 0.13% | +0.13 |
| HQL Abrdn Life Sciences Investor | Add +63.3% | 0.28% | +0.13 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +65.8% | 0.39% | +0.13 |
| SYF Synchrony Financial | New | 0.12% | +0.12 |
| RPRX Royalty Pharma PLC Class A | Add +54.0% | 0.30% | +0.10 |
| BNY Bank of New York Mellon Corp. | Add +198.3% | 0.14% | +0.10 |
| HON Honeywell International Inc. | Add +153.3% | 0.16% | +0.09 |
| QUSA VS Target 15 US Qual Inc. ETF | New | 0.08% | +0.08 |
| ZTS Zoetis Inc. | Add +171.4% | 0.14% | +0.08 |
| CIFR Cipher Digital Inc. | New | 0.08% | +0.08 |
| GSK GSK PLC-Spon ADR | Add +120.3% | 0.14% | +0.08 |
| ADBE Adobe Inc. | Add +36.0% | 0.56% | +0.08 |
| VKTX Viking Therapeutics Inc. | Add +44.8% | 0.28% | +0.08 |
| CET Central Securities Corp. | New | 0.08% | +0.08 |
| WFC Wells Fargo & Co. | Add +100.8% | 0.16% | +0.08 |
| AMAT Applied Materials Inc. | Add +33.8% | 0.27% | +0.07 |
| FISV Fiserv Inc. | New | 0.07% | +0.07 |
| ETH Grayscale Ethereum Staking M | Add +4.6% | 0.19% | +0.07 |
| RIOT Riot Platforms Inc. | New | 0.07% | +0.07 |
| JNJ Johnson & Johnson | Add +0.1% | 0.77% | +0.07 |
| ADSK Autodesk Inc. | Add +175.5% | 0.11% | +0.07 |
| BMNR Bitmine Immersion Technologi | New | 0.07% | +0.07 |
| FSLR First Solar Inc. | New | 0.06% | +0.06 |
| DELL Dell Technologies -C | Add +10.7% | 0.38% | +0.06 |
| GPN Global Payments Inc. | New | 0.06% | +0.06 |
| ITRI Itron Inc. | New | 0.06% | +0.06 |
| PIZ Invesco Dorsey Wright Develo | New | 0.06% | +0.06 |
| HUYA Huya Inc.-ADR | Add +107.0% | 0.13% | +0.06 |
| TLN Talen Energy Corp. | Add +3.9% | 0.20% | +0.06 |
| SPEM State Street SP PTF Em ETF | Add +47.6% | 0.17% | +0.05 |
| OKLO Oklo Inc. | New | 0.05% | +0.05 |
| JGRO JPMorgan Active Growth ETF | Add +5.7% | 0.87% | +0.05 |
| CLSK Cleanspark Inc. | New | 0.05% | +0.05 |
| SBET Sharplink Inc. | New | 0.05% | +0.05 |
| PAAS Pan American Silver Corp. | Add +33.1% | 0.12% | +0.05 |
| UBER Uber Technologies Inc. | Add +18.9% | 0.32% | +0.04 |
| UNP Union Pacific Corp. | Add +25.6% | 0.24% | +0.04 |
Options Activity Q3 2025 → Q4 2025
| MSTR Strategy Inc. | call | Reduce -37.5% | 2,500 | $14K |
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 300 | $1K |
| NVDA Nvidia Corp. | put | New | 60 | $183 |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2025 → Q4 2025
| NEXTERA ENERGY INC (NEE 7.234 11/01/27) | UNIT 11/01/2027 | Add +7.3% | 24,885 | $1.2M |
| KKR & CO INC (KKR 6.25 03/01/28 D) | 6.25 CON SER D | Add +9.5% | 8,100 | $424K |
| KPLTW Katapult Holdings Inc. -CW26 | *W EXP 06/09/202 | Reduce -16.7% | 30,000 | $204 |
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 |