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

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 Q3 2025 Q4 2025: $685.7M $685.7M Q4 2025 Q1 2026: $646.0M Q1 2026 Q2 2026: $626.1M Q2 2026

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%
RJF Raymond James Financial Inc. 0.19% 7,616 $1.3M Reduce -2.1%
WSM Williams-Sonoma Inc. 0.19% 6,666 $1.3M Reduce -33.2%
ABT Abbott Laboratories 0.19% 9,499 $1.3M Reduce -8.1%
COST Costco Wholesale Corp. 0.19% 1,373 $1.3M Reduce -0.2%
IVW iShares S&P 500 Growth ETF 0.18% 10,462 $1.3M Reduce -0.1%
DUK Duke Energy Corp. 0.18% 10,098 $1.2M Reduce -9.1%
GDX Vaneck Gold Miners ETF 0.18% 16,114 $1.2M Reduce -14.2%
CB Chubb Ltd. 0.18% 4,292 $1.2M Add +0.0%
VIGI Vanguard Int Div App Indx FD 0.18% 13,433 $1.2M Reduce -5.6%
NKE Nike Inc. Class B 0.18% 17,235 $1.2M Reduce -8.3%
MU Micron Technology Inc. 0.17% 7,112 $1.2M Reduce -1.6%
PFE Pfizer Inc. 0.17% 46,445 $1.2M Reduce -8.5%
CSCO Cisco Systems Inc. 0.17% 16,763 $1.1M Add +0.0%
AVK Advent Convert & Income 0.17% 89,316 $1.1M Reduce -4.3%
QQQ Invesco QQQ Trust Series 1 0.17% 1,897 $1.1M Add +0.4%
CP Canadian Pacific Kansas City 0.17% 15,261 $1.1M Reduce -10.9%
SPEM State Street SP PTF Em ETF 0.17% 24,194 $1.1M Add +47.6%
PNC PNC Financial Services Group 0.16% 5,590 $1.1M Reduce -4.2%
USB US Bancorp 0.16% 23,187 $1.1M Reduce -12.8%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.16% 7,744 $1.1M Reduce -13.0%
HON Honeywell International Inc. 0.16% 5,300 $1.1M Add +153.3%
DHI D.R. Horton Inc. 0.16% 6,520 $1.1M Add +1.9%
MBIN Merchants Bancorp 0.16% 34,400 $1.1M No change
PANW Palo Alto Networks Inc. 0.16% 5,372 $1.1M No change
CRM Salesforce Inc. 0.16% 4,566 $1.1M Add +15.3%
GBTC Grayscale Bitcoin Trust ETF 0.16% 12,040 $1.1M Reduce -6.2%
DFLV Dim US Large Cap Value ETF 0.16% 32,608 $1.1M Add +22.2%
URA Global X Uranium ETF 0.16% 22,424 $1.1M Reduce -20.2%
GLDM SPDR Gold Minishares Trust 0.16% 13,956 $1.1M Reduce -26.2%
WFC Wells Fargo & Co. 0.16% 12,714 $1.1M Add +100.8%
AMT American Tower Corp. 0.16% 5,536 $1.1M Add +42.9%
LAC Lithium Americas Corp. 0.15% 201,133 $1.0M Reduce -17.9%
RTX RTX Corp. 0.15% 6,218 $1.0M Reduce -20.7%
SBUX Starbucks Corp. 0.15% 12,240 $1.0M Reduce -21.0%
VYMI Vanguard Int High DVD YLD Inc. 0.15% 12,145 $1.0M Add +2.4%
BSTZ BlackRock Sci & Tech TRM TR 0.15% 45,600 $1.0M Add +3.0%
BGR BlackRock Enrgy & Res TR 0.15% 74,339 $1.0M New
APD Air Products & Chemicals Inc. 0.15% 3,695 $1.0M Reduce -4.8%
IJR iShares Core S&P Small-Cap E 0.15% 8,417 $1.0M Reduce -4.8%
ADP Automatic Data Processing 0.15% 3,598 $995K Reduce -1.6%
ZTS Zoetis Inc. 0.14% 6,765 $990K Add +171.4%
SYY Sysco Corp. 0.14% 11,999 $988K Reduce -1.6%
MRK Merck & Co. Inc. 0.14% 11,733 $985K Reduce -12.2%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.14% 5,775 $981K Reduce -16.7%
GSK GSK PLC-Spon ADR 0.14% 22,537 $973K Add +120.3%
GEV GE Vernova Inc. 0.14% 1,577 $970K Reduce -19.1%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.14% 8,770 $956K Add +198.3%
EIPI FT Energy Income ETF 0.14% 47,485 $941K Reduce -13.5%
GLD SPDR Gold Shares 0.13% 2,601 $925K No change
NRG NRG Energy Inc. 0.13% 5,663 $917K New
ALL Allstate Corp. 0.13% 4,264 $915K Reduce -1.1%
ETHE Grayscale Ethereum Staking E 0.13% 26,420 $905K Reduce -0.6%
KO The Coca-Cola Co. 0.13% 13,474 $894K Reduce -3.2%
TSLL Dirx DLY Tsla Bul 2X ETF-Aui 0.13% 41,895 $884K New
XAR SS SPDR S&P Aerospace Def 0.13% 3,760 $883K Add +7.4%
CINF Cincinnati Financial Corp. 0.13% 5,573 $881K No change
FVD First Trust Value Line DVD 0.13% 19,022 $880K No change
PM Philip Morris International 0.13% 5,401 $876K Reduce -23.4%
HUYA Huya Inc.-ADR 0.13% 259,052 $863K Add +107.0%
IBKR Interactive Brokers Gro Class A 0.12% 13,284 $854K No change
BLK BlackRock Inc. 0.12% 732 $853K Reduce -11.8%
IVVB iShares Large Cap Deep Quart 0.12% 25,401 $831K Add +8.1%
LOW Lowe's Cos Inc. 0.12% 3,284 $825K Reduce -10.3%
IWM iShares Russell 2000 ETF 0.12% 3,403 $823K No change
VRTX Vertex Pharmaceuticals Inc. 0.12% 1,911 $823K Reduce -3.8%
OKE Oneok Inc. 0.12% 11,246 $821K No change
PAAS Pan American Silver Corp. 0.12% 15,806 $819K Add +33.1%
NOW ServiceNow Inc. 0.12% 4,113 $797K Add +44.6%
FFIV F5 Inc. 0.12% 3,106 $793K Add +55.9%
INTC Intel Corp. 0.12% 23,603 $792K Reduce -43.0%
TGT Target Corp. 0.12% 8,820 $791K Reduce -13.0%
ANET Arista Networks Inc. 0.12% 5,425 $790K No change
EYLD Cambria Emerg Shrhldr Yield 0.12% 21,246 $790K Reduce -7.8%
SYF Synchrony Financial 0.12% 11,122 $790K New
BIP Brookfield Infrastructure Pa 0.11% 22,633 $786K Reduce -5.7%
NSC Norfolk Southern Corp. 0.11% 2,611 $784K Reduce -10.6%
ETHA iShares Ethereum Trust ETF 0.11% 24,862 $783K Reduce -1.5%
ADME Aptus Drwdwn MGD Eqty ETF 0.11% 15,081 $770K Reduce -0.5%
PSA Public Storage 0.11% 2,882 $770K Reduce -11.5%
ADSK Autodesk Inc. 0.11% 2,397 $761K Add +175.5%
EFA iShares MSCI Eafe ETF 0.11% 8,127 $759K Reduce -0.0%
SHV iShares 0-1 Year Treasury Bo 0.11% 6,865 $759K Add +1.5%
BRK.A Berkshire Hathaway Inc. Class A 0.11% 1 $754K No change
KR Kroger Co. 0.11% 11,139 $751K Reduce -2.4%
SNPS Synopsys Inc. 0.11% 1,597 $750K Add +66.9%
EMR Emerson Electric Co. 0.11% 5,618 $737K Reduce -12.4%
TXRH Texas Roadhouse Inc. 0.11% 4,411 $733K Add +13.6%
VOO Vanguard S&P 500 ETF 0.11% 1,181 $723K Reduce -20.5%
MNST Monster Beverage Corp. 0.10% 9,315 $714K No change
SPGI S&P Global Inc. 0.10% 1,355 $708K No change
COIN Coinbase Global Inc. Class A 0.10% 2,074 $700K Add +2.2%
AB Alliancebernstein Holding LP 0.10% 18,210 $696K Reduce -3.2%
G Genpact Ltd. 0.10% 14,741 $690K Reduce -5.7%
CHD Church & Dwight Co. Inc. 0.10% 7,862 $689K Reduce -26.8%
HSY The Hershey Co. 0.10% 3,668 $686K Reduce -3.1%
SNA Snap-on Inc. 0.10% 1,972 $680K No change
FAST Fastenal Co. 0.10% 16,918 $679K No change
REGN Regeneron Pharmaceuticals 0.10% 877 $677K Reduce -18.6%
RGLD Royal Gold Inc. 0.10% 3,021 $672K Add +32.9%
SU Suncor Energy Inc. 0.10% 15,833 $662K Add +17.0%
FITB Fifth Third Bancorp 0.10% 14,767 $658K Reduce -6.0%
MMM 3M Co. 0.09% 4,172 $647K Reduce -2.5%
CRON Cronos Group Inc. 0.09% 227,750 $633K Reduce -5.6%
WTW Willis Towers Watson PLC 0.09% 1,832 $633K Reduce -42.1%
IWF iShares Russell 1000 Growth 0.09% 1,331 $623K Reduce -0.5%
JEPI JPMorgan Equity Premium Inco 0.09% 10,825 $618K Add +9.0%
INTU Intuit Inc. 0.09% 929 $615K No change
VFF Village Farms International 0.09% 196,600 $615K Reduce -17.1%
CAT Caterpillar Inc. 0.09% 1,282 $612K Reduce -1.5%
DOX Amdocs Ltd. 0.09% 7,569 $609K No change
DFIV Dimensional International Va 0.09% 13,183 $608K Reduce -20.0%
CQQQ Invesco China Technology ETF 0.09% 10,200 $602K Reduce -21.4%
LMT Lockheed Martin Corp. 0.09% 1,205 $602K Reduce -6.9%
FTCS First Trust Capital Strength 0.09% 6,389 $598K Reduce -1.6%
GGG Graco Inc. 0.09% 7,279 $597K No change
GLPI Gaming and Leisure Propertie 0.09% 13,336 $596K No change
RS Reliance Inc. 0.09% 2,063 $596K No change
EME Emcor Group Inc. 0.09% 967 $592K No change
PHM Pultegroup Inc. 0.08% 4,955 $581K Reduce -32.4%
FID First Trust S&P Internationa 0.08% 29,468 $581K Add +0.1%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.08% 5,070 $581K Reduce -8.6%
QUSA VS Target 15 US Qual Inc. ETF 0.08% 29,378 $574K New
LIN Linde PLC 0.08% 1,207 $573K Reduce -0.3%
ROST Ross Stores Inc. 0.08% 3,745 $571K Reduce -46.2%
KWEB Kranesh Csi China Internet 0.08% 13,565 $570K Reduce -22.0%
ARLP Alliance Resource Partners 0.08% 24,505 $569K Reduce -5.7%
NOMD Nomad Foods Ltd. 0.08% 45,351 $567K Reduce -5.7%
CIFR Cipher Digital Inc. 0.08% 44,623 $562K New
SO The Southern Co. 0.08% 5,924 $561K Reduce -1.7%
DIAX Nuveen Dow 30 Dynamic Overwr 0.08% 37,371 $556K Reduce -9.5%
CME Cme Group Inc. 0.08% 2,058 $556K Reduce -23.4%
BOXX Alpha Architect 1-3 MNTH Box 0.08% 4,825 $549K Add +30.3%
T AT&T Inc. 0.08% 19,319 $546K Reduce -5.1%
CTSH Cognizant Tech Solutions-A 0.08% 6,568 $545K No change
CTRA Coterra Energy Inc. 0.08% 20,469 $539K No change
MKTX Marketaxess Holdings Inc. 0.08% 2,963 $537K No change
RDVI FT Vest Rising Dividend Achi 0.08% 20,760 $537K Add +15.5%
SLB SLB Ltd. filed as SLB LIMITED 0.08% 15,507 $533K Add +48.7%
LDOS Leidos Holdings Inc. 0.08% 2,805 $530K No change
EOT Eaton Vance National Municip 0.08% 31,600 $526K Add +43.0%
BTI British American Tob-SP ADR 0.08% 9,906 $526K Reduce -42.0%
TPL Texas Pacific Land Corp. 0.08% 1,827 $525K No change
FEM First Trust Emerging Markets 0.08% 19,363 $525K Add +2.2%
CET Central Securities Corp. 0.08% 10,167 $522K New
UTHR United Therapeutics Corp. 0.08% 1,060 $516K Reduce -48.5%
WM Waste Management Inc. 0.07% 2,317 $512K No change
FISV Fiserv Inc. 0.07% 3,966 $511K New
BA The Boeing Co. 0.07% 2,363 $510K Reduce -50.7%
CTAS Cintas Corp. 0.07% 2,471 $507K No change
SHAK Shake Shack Inc. Class A 0.07% 5,417 $507K Reduce -39.5%
BDX Becton Dickinson and Co. 0.07% 2,699 $505K Reduce -3.0%
XETYX Eaton Vance Tax-MGD Div Eqty 0.07% 31,252 $497K No change
ARCC Ares Capital Corp. 0.07% 24,194 $494K Reduce -5.4%
RIOT Riot Platforms Inc. 0.07% 25,655 $488K New
MSI Motorola Solutions Inc. 0.07% 1,056 $483K Reduce -3.5%
VT Vanguard Tot World STK ETF 0.07% 3,500 $482K No change
HURN Huron Consulting Group Inc. 0.07% 2,782 $481K Reduce -5.7%
HOOD Robinhood Markets Inc. Class A 0.07% 3,356 $481K No change
PAX Patria Investments Ltd. Class A 0.07% 30,143 $479K Reduce -5.7%
AMLP Alerian MLP ETF 0.07% 10,200 $479K Add +0.5%
BMNR Bitmine Immersion Technologi 0.07% 8,705 $452K New
XLF SS Financial Select Sector 0.06% 8,189 $441K Reduce -0.2%
APTV Aptiv PLC 0.06% 5,781 $440K Reduce -5.7%
EPD Enterprise Products Partners 0.06% 13,995 $438K Reduce -4.6%
QLYS Qualys Inc. 0.06% 3,258 $431K Reduce -17.3%
ASR Grupo Aeroportuario Sur-ADR 0.06% 1,321 $427K Reduce -5.7%
NVO Novo-Nordisk A/S-Spons ADR 0.06% 7,694 $427K Reduce -66.5%
GCPU Grayscale AI Compute ETF 0.06% 10,476 $425K Add +31.3%
KBE SS SPDR S&P Bank ETF 0.06% 7,000 $416K No change
IDCC Interdigital Inc. 0.06% 1,200 $414K No change
BX Blackstone Inc. 0.06% 2,408 $411K Add +51.0%
ERIE Erie Indemnity Company Class A 0.06% 1,434 $411K No change
FSLR First Solar Inc. 0.06% 1,561 $408K New
BMY Bristol-Myers Squibb Co. 0.06% 9,032 $407K Reduce -10.4%
GNTX Gentex Corp. 0.06% 17,127 $399K No change
DGRO iShares Core Dividend Growth 0.06% 5,849 $398K Reduce -6.8%
GPN Global Payments Inc. 0.06% 5,126 $397K New
EOS Eaton Vance Enh Eqt Inc. II 0.06% 16,474 $394K No change
EPR Epr Properties filed as EPR PPTYS 0.06% 7,890 $394K Reduce -5.7%
ITRI Itron Inc. 0.06% 4,220 $392K New
MSTR Strategy Inc. 0.06% 1,215 $391K Reduce -73.9%
VNOM Viper Energy Inc. Class A 0.06% 10,106 $390K Reduce -5.7%
ADT Adt Inc. 0.06% 48,268 $390K Reduce -5.7%
PIZ Invesco Dorsey Wright Develo 0.06% 8,165 $389K New
HEZU iShares Currency Hedged MSCI 0.06% 9,153 $386K Add +8.6%
CSX CSX Corp. 0.06% 10,809 $384K Add +0.0%
MAA Mid-America Apartment Comm 0.06% 2,738 $383K Reduce -4.0%
MPLX MPLX LP 0.06% 7,580 $379K Reduce -26.7%
DXJ Wisdomtree Japan Hedged Eq 0.06% 2,945 $377K Add +7.1%
VLO Valero Energy Corp. 0.05% 2,212 $377K Reduce -8.6%
MELI MercadoLibre Inc. 0.05% 160 $374K No change
DAL Delta Air Lines Inc. 0.05% 6,581 $373K Reduce -4.3%
AFG American Financial Group Inc. 0.05% 2,560 $373K No change
AXP American Express Co. 0.05% 1,123 $373K Reduce -25.6%
PINS Pinterest Inc. Class A 0.05% 14,400 $373K Reduce -37.2%
OKLO Oklo Inc. 0.05% 3,334 $372K New
XONE Bondbloxx BBG 1 Dur US Treas 0.05% 7,453 $370K Add +32.2%
PAGP Plains GP Holdings LP 0.05% 19,118 $366K Reduce -5.7%
RBIL US Treasury Ultra Short Tips 0.05% 7,289 $365K Reduce -25.8%
IEMG iShares Core MSCI Emerging 0.05% 5,520 $364K No change
BKR Baker Hughes Co. 0.05% 7,341 $358K Add +3.2%
RCL Royal Caribbean Cruises Ltd. 0.05% 1,100 $356K No change
CLSK Cleanspark Inc. 0.05% 24,448 $354K New
LH Labcorp Holdings Inc. 0.05% 1,224 $351K Reduce -11.2%
CXW Corecivic Inc. 0.05% 18,348 $351K Reduce -5.7%
KRE SS SPDR S&P Regional Bank 0.05% 5,500 $348K No change
ENB Enbridge Inc. 0.05% 6,869 $347K Reduce -34.7%
TECH Bio-Techne Corp. 0.05% 6,182 $344K Reduce -36.2%
SHY iShares 1-3 Year Treasury Bo 0.05% 4,145 $344K No change
GNRC Generac Holdings Inc. 0.05% 2,514 $343K Reduce -5.7%
STWD Starwood Property Trust Inc. 0.05% 17,596 $341K Reduce -11.3%
TSCO Tractor Supply Company 0.05% 5,935 $338K Reduce -2.8%
ETG Eaton Vance T/A GL DVD Incm 0.05% 15,966 $337K No change
UPS United Parcel Service Class B 0.05% 4,009 $335K Add +4.8%
NGG National Grid PLC-SP ADR 0.05% 4,598 $334K Reduce -14.8%
DOCU Docusign Inc. 0.05% 4,875 $333K Reduce -47.2%
JOBY Joby Aviation Inc. 0.05% 20,593 $332K Add +66.7%
TFC Truist Financial Corp. 0.05% 7,184 $328K Reduce -3.2%
NVS Novartis AG-Sponsored ADR 0.05% 2,550 $327K Reduce -8.1%
SBET Sharplink Inc. 0.05% 19,160 $326K New
ABNB Airbnb Inc. Class A 0.05% 2,681 $326K Reduce -19.0%
MLM Martin Marietta Materials 0.05% 515 $325K No change
TT Trane Technologies PLC 0.05% 769 $325K Reduce -3.6%
NICE Nice Ltd. - Spon ADR 0.05% 2,864 $324K Reduce -43.0%
COP Conocophillips 0.05% 3,379 $320K Reduce -1.4%
BCSF Bain Capital Specialty Finan 0.05% 21,747 $310K Reduce -23.6%
LRCX Lam Research Corp. 0.05% 2,310 $309K No change
SF Stifel Financial Corp. 0.04% 2,700 $306K No change
AWK American Water Works Co. Inc. 0.04% 2,198 $306K No change
IWR iShares Russell Mid-Cap ETF 0.04% 3,160 $305K No change
IEFA iShares Core MSCI Eafe ETF 0.04% 3,491 $305K No change
KKR KKR & Co. Inc. 0.04% 2,341 $304K Add +47.1%
PSO Pearson PLC-Sponsored ADR 0.04% 21,583 $303K Reduce -5.7%
ES Eversource Energy 0.04% 4,252 $302K No change
SPTM SS SPDR P S&P 1500 Comp ETF 0.04% 3,672 $296K No change
BIL SS SPDR BB 1-3M T-Bill ETF 0.04% 3,223 $296K Reduce -40.5%
AFL Aflac Inc. 0.04% 2,620 $293K Reduce -0.1%
OGI Organigram Global Inc. 0.04% 144,149 $293K Reduce -3.4%
IWD iShares Russell 1000 Value E 0.04% 1,425 $290K No change
MDT Medtronic PLC 0.04% 3,036 $289K Reduce -0.5%
LHX L3HARRIS Technologies Inc. 0.04% 944 $288K No change
FV First Trust DW Focus 5 Fund 0.04% 4,595 $285K Reduce -3.3%
XLG Invesco S&P 500 Top 50 ETF 0.04% 4,915 $283K Reduce -7.6%
FDT First Trust Develp MKT Ex-US 0.04% 3,745 $282K No change
SDY SS SPDR S&P Dividend ETF 0.04% 1,991 $279K No change
RSG Republic Services Inc. 0.04% 1,193 $274K Add +0.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.04% 1,464 $273K Add +7.7%
RDVY First Trust Rising Dividend 0.04% 4,037 $272K No change
BTC Grayscale Bitcoin Mini ETF 0.04% 5,321 $269K Add +2.1%
MDLZ Mondelez International Inc. Class A 0.04% 4,088 $255K Reduce -20.3%
ETJ Eaton Vance RSK-MGD Divers 0.04% 28,240 $254K Reduce -3.6%
AVAV Aerovironment Inc. 0.04% 800 $252K No change
KNX Knight-Swift Transportation 0.04% 6,339 $250K Reduce -51.1%
ITW Illinois Tool Works 0.04% 939 $245K No change
TFLR T Rowe Price Floating RT ETF 0.04% 4,698 $242K New
SPDW Ste STR SPDR PT DW Eu ETF 0.03% 5,591 $239K Reduce -33.0%
CRSP Crispr Therapeutics AG 0.03% 3,648 $236K New
GILD Gilead Sciences Inc. 0.03% 2,112 $234K Reduce -5.1%
PETS Petmed Express Inc. 0.03% 93,060 $234K Reduce -6.0%
SHOP Shopify Inc. Class A 0.03% 1,566 $233K New
UPGD Invesco Bloomberg Analyst Ra 0.03% 3,040 $228K Reduce -9.0%
TEL Te Connectivity PLC 0.03% 1,033 $227K New
MKTW Marketwise Inc. 0.03% 14,999 $225K No change
HYPD Hyperion Defi Inc. 0.03% 23,380 $224K New
BFIX Build Bond Innovation ETF 0.03% 8,807 $223K Reduce -34.8%
QQQX Nuveen Nasdaq 100 DYN Overwr 0.03% 8,100 $222K Reduce -20.6%
ET Energy Transfer LP 0.03% 12,757 $219K New
FBT First Trust Nyse Arca Biotec 0.03% 1,212 $217K New
NUE Nucor Corp. 0.03% 1,603 $217K Reduce -23.8%
CORT Corcept Therapeutics Inc. 0.03% 6,231 $217K Reduce -28.1%
GIS General Mills Inc. 0.03% 4,242 $214K Reduce -9.0%
BTE Baytex Energy Corp. 0.03% 91,400 $214K Reduce -26.5%
CPT Camden Property Trust 0.03% 1,999 $213K No change
ATR Aptargroup Inc. 0.03% 1,593 $213K Reduce -25.2%
UTES Virtus Reaves Utilities ETF 0.03% 2,501 $209K Reduce -35.9%
CVS CVS Health Corp. 0.03% 2,760 $208K Reduce -10.8%
AMTM Amentum Holdings Inc. 0.03% 7,163 $208K New
CARR Carrier Global Corp. 0.03% 3,466 $207K No change
TMO Thermo Fisher Scientific Inc. 0.03% 425 $206K New
GPC Genuine Parts Co. 0.03% 1,482 $205K Reduce -54.9%
LYB Lyondellbasell Indu Class A 0.03% 4,180 $205K Reduce -34.8%
RSP Invesco S&P 500 Equal Weight 0.03% 1,078 $205K Reduce -13.5%
MAR Marriott International Class A 0.03% 785 $205K No change
CTMX Cytomx Therapeutics Inc. 0.03% 45,763 $195K Reduce -61.3%
AXTI Axt Inc. 0.03% 42,475 $191K Reduce -9.5%
ARCT Arcturus Therapeutics Holdin 0.03% 10,100 $186K Reduce -1.9%
SSYS Stratasys Ltd. 0.03% 15,975 $179K Reduce -30.0%
RVT Royce Small-Cap Trust Inc. 0.03% 10,734 $173K Add +0.4%
SONN Sonnet Biotherapeutics Holdi 0.02% 37,185 $170K New
KPLT Katapult Holdings Inc. 0.02% 10,101 $121K Reduce -8.2%
OPK Opko Health Inc. 0.00% 11,296 $18K Reduce -21.0%

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)
SecurityClassShares / PrincipalValueChange
NEXTERA ENERGY INC (NEE 7.234 11/01/27) UNIT 11/01/2027 24,885$1.2MAdd +7.3%
KKR & CO INC (KKR 6.25 03/01/28 D) 6.25 CON SER D 8,100$424KAdd +9.5%
KPLTW Katapult Holdings Inc. -CW26 *W EXP 06/09/202 30,000$204Reduce -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

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