# Formidable Asset Management, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1592613. Source: https://holderbook.com/funds/1592613-formidable-asset-management-llc/

- Reported value: $628.8M
- Positions: 387
- Weight of the ten largest: 32.8%
- Filed: 2026-07-17

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $45.2M | 178,292 | 7.2% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $36.5M | 252,440 | 5.8% | 29 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $24.8M | 141,425 | 3.9% | 27 |
| ETF OPPORTUNITIES TRUST | [KONG](https://holderbook.com/stocks/KONG/) | $18.6M | 630,659 | 3.0% | 20 |
| ETF OPPORTUNITIES TRUST | [FORH](https://holderbook.com/stocks/FORH/) | $17.8M | 729,772 | 2.8% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $17.6M | 47,497 | 2.8% | 29 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $14.5M | 25,339 | 2.3% | 29 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $12.0M | 41,490 | 1.9% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $10.7M | 11,607 | 1.7% | 28 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.6M | 41,210 | 1.4% | 27 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $8.1M | 27,555 | 1.3% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $7.7M | 20,910 | 1.2% | 27 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $7.5M | 60,749 | 1.2% | 11 |
| GAMCO GLOBAL GOLD NAT RES & | [GGN](https://holderbook.com/stocks/GGN/) | $7.3M | 1,370,222 | 1.2% | 23 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $7.3M | 27,147 | 1.2% | 27 |
| EATON VANCE TAX-MANAGED GLOB | [EXG](https://holderbook.com/stocks/EXG/) | $7.2M | 834,092 | 1.1% | 27 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $6.8M | 39,982 | 1.1% | 29 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $6.5M | 33,986 | 1.0% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $5.9M | 23,878 | 0.9% | 29 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $5.8M | 62,702 | 0.9% | 20 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $5.8M | 18,760 | 0.9% | 22 |
| CHEMED CORP NEW | [CHE](https://holderbook.com/stocks/CHE/) | $5.1M | 13,148 | 0.8% | 29 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.0M | 10,461 | 0.8% | 27 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $4.8M | 22,968 | 0.8% | 29 |
| J P MORGAN EXCHANGE TRADED F | [JGRO](https://holderbook.com/stocks/JGRO/) | $4.6M | 54,796 | 0.7% | 9 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $4.2M | 19,419 | 0.7% | 8 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $4.2M | 37,790 | 0.7% | 7 |
| WISDOMTREE TR | [QGRW](https://holderbook.com/stocks/QGRW/) | $4.1M | 76,884 | 0.7% | 3 |
| BLACKROCK ESG CAP ALLC TERM | [ECAT](https://holderbook.com/stocks/ECAT/) | $4.0M | 296,032 | 0.6% | 6 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $3.9M | 15,975 | 0.6% | 27 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.9M | 31,004 | 0.6% | 27 |
| ACACIA RESH CORP | [ACTG](https://holderbook.com/stocks/ACTG/) | $3.7M | 793,136 | 0.6% | 22 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $3.7M | 73,781 | 0.6% | 24 |
| RBB FD INC | [TBIL](https://holderbook.com/stocks/TBIL/) | $3.7M | 74,459 | 0.6% | 14 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $3.6M | 11,880 | 0.6% | 27 |
| ASML HLDG NV | [ASML](https://holderbook.com/stocks/ASML/) | $3.4M | 2,558 | 0.5% | 7 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.3M | 10,093 | 0.5% | 27 |
| FLUX PWR HLDGS INC | [FLUX](https://holderbook.com/stocks/FLUX/) | $3.0M | 2,947,682 | 0.5% | 11 |
| FIRST TR EXCHANGE-TRADED FD | [SDVY](https://holderbook.com/stocks/SDVY/) | $3.0M | 75,368 | 0.5% | 10 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $2.9M | 7,357 | 0.5% | 10 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $2.9M | 27,283 | 0.5% | 22 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $2.8M | 9,164 | 0.5% | 27 |
| LITHIUM ARGENTINA AG | [LAR](https://holderbook.com/stocks/LAR/) | $2.8M | 411,408 | 0.5% | 6 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $2.8M | 20,444 | 0.4% | 29 |
| EATON VANCE TAX ADVT DIV INC | [EVT](https://holderbook.com/stocks/EVT/) | $2.8M | 112,161 | 0.4% | 23 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $2.7M | 41,143 | 0.4% | 27 |
| ABRDN LIFE SCIENCES INVESTOR | [HQL](https://holderbook.com/stocks/HQL/) | $2.7M | 165,243 | 0.4% | 6 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $2.7M | 17,183 | 0.4% | 27 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $2.3M | 3,566 | 0.4% | 25 |
| WISDOMTREE TR | [DTH](https://holderbook.com/stocks/DTH/) | $2.3M | 43,006 | 0.4% | 13 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $2.2M | 8,964 | 0.4% | 4 |
| ADOBE INC | [ADBE](https://holderbook.com/stocks/ADBE/) | $2.2M | 9,563 | 0.4% | 27 |
| REPUBLIC BANCORP INC KY | [RBCAA](https://holderbook.com/stocks/RBCAA/) | $2.2M | 31,162 | 0.3% | 29 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $2.2M | 22,770 | 0.3% | 27 |
| VIKING THERAPEUTICS INC | [VKTX](https://holderbook.com/stocks/VKTX/) | $2.1M | 64,099 | 0.3% | 10 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $2.1M | 9,748 | 0.3% | 27 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $2.1M | 6,259 | 0.3% | 10 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.1M | 14,119 | 0.3% | 20 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $2.1M | 3,652 | 0.3% | 10 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $2.0M | 21,170 | 0.3% | 11 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $2.0M | 19,840 | 0.3% | 4 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $2.0M | 5,832 | 0.3% | 27 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $2.0M | 13,385 | 0.3% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $2.0M | 40,572 | 0.3% | 27 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $2.0M | 39,284 | 0.3% | 27 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $2.0M | 22,712 | 0.3% | 10 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $2.0M | 13,368 | 0.3% | 7 |
| RBB FD INC | [OBIL](https://holderbook.com/stocks/OBIL/) | $1.9M | 38,658 | 0.3% | 14 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.9M | 9,153 | 0.3% | 27 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $1.9M | 1,956 | 0.3% | 9 |
| EOG RES INC | [EOG](https://holderbook.com/stocks/EOG/) | $1.8M | 12,622 | 0.3% | 10 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $1.8M | 5,152 | 0.3% | 27 |
| EXPEDIA GROUP INC | [EXPE](https://holderbook.com/stocks/EXPE/) | $1.8M | 7,662 | 0.3% | 10 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $1.7M | 23,431 | 0.3% | 10 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $1.7M | 6,861 | 0.3% | 19 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.7M | 6,902 | 0.3% | 25 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $1.7M | 46,773 | 0.3% | 7 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $1.7M | 3,341 | 0.3% | 27 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $1.6M | 3,518 | 0.3% | 17 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $1.6M | 56,869 | 0.3% | 27 |
| ROYALTY PHARMA PLC | [RPRX](https://holderbook.com/stocks/RPRX/) | $1.6M | 32,010 | 0.3% | 21 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $1.6M | 2,630 | 0.3% | 25 |
| GLOBAL X FDS | [RYLD](https://holderbook.com/stocks/RYLD/) | $1.6M | 105,494 | 0.3% | 8 |
| TIDAL TRUST III | [OMAH](https://holderbook.com/stocks/OMAH/) | $1.6M | 86,047 | 0.2% | 3 |
| TALEN ENERGY CORP | [TLN](https://holderbook.com/stocks/TLN/) | $1.5M | 4,595 | 0.2% | 7 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $1.5M | 4,299 | 0.2% | 10 |
| SPDR SERIES TRUST | [XAR](https://holderbook.com/stocks/XAR/) | $1.5M | 6,025 | 0.2% | 25 |
| ONEOK INC NEW | [OKE](https://holderbook.com/stocks/OKE/) | $1.5M | 16,894 | 0.2% | 10 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $1.5M | 1,790 | 0.2% | 25 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $1.5M | 18,076 | 0.2% | 6 |
| NEXTERA ENERGY INC | [NEEPRT](https://holderbook.com/stocks/NEEPRT/) | $1.5M | 28,435 | 0.2% | 6 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.5M | 5,243 | 0.2% | 20 |
| VANGUARD WHITEHALL FDS | [VYMI](https://holderbook.com/stocks/VYMI/) | $1.5M | 15,616 | 0.2% | 8 |
| T ROWE PRICE EXCHANGE-TRADED | [TDVG](https://holderbook.com/stocks/TDVG/) | $1.4M | 32,312 | 0.2% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.4M | 11,114 | 0.2% | 27 |
| MERCHANTS BANCORP IND | [MBIN](https://holderbook.com/stocks/MBIN/) | $1.4M | 33,200 | 0.2% | 10 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.4M | 336 | 0.2% | 29 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $1.4M | 26,525 | 0.2% | 9 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $1.4M | 30,436 | 0.2% | 27 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.4M | 6,072 | 0.2% | 27 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.1% | +14.8% | -5.7% | 91% |
| Q1 2026 | -2.7% | -4.6% | +1.9% | 94% |
| Q4 2025 | -0.3% | +2.4% | -2.7% | 102% |
| Q3 2025 | +8.8% | +7.8% | +1.0% | 98% |
| Q2 2025 | +5.1% | +10.5% | -5.3% | 93% |
| Q1 2025 | -2.6% | -4.6% | +2.0% | 93% |
| Q4 2024 | -1.3% | +2.1% | -3.5% | 93% |
| Q3 2024 | +6.4% | +5.4% | +0.9% | 93% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $628.8M | 387 |
| Q1 2026 | $647.7M | 381 |
| Q4 2025 | $687.3M | 394 |
| Q3 2025 | $635.0M | 389 |
| Q2 2025 | $597.9M | 384 |
| Q1 2025 | $598.2M | 384 |
| Q4 2024 | $608.9M | 373 |
| Q3 2024 | $626.0M | 368 |
| Q2 2024 | $618.5M | 395 |
| Q1 2024 | $613.4M | 389 |
| Q4 2023 | $481.5M | 287 |
| Q3 2023 | $451.4M | 297 |