# FormulaFolio Investments, LLC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 1626982. Source: https://holderbook.com/funds/1626982-formulafolio-investments-llc/

- Reported value: $299.4M
- Positions: 498
- Weight of the ten largest: 52.7%
- Filed: 2021-07-28

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 |
|---|---|---|---|---|---|
| NORTHERN LTS FD TR IV | [FFTI](https://holderbook.com/stocks/FFTI/) | $30.8M | 1,272,715 | 10.3% | 11 |
| DBX ETF TR | [HYLB](https://holderbook.com/stocks/HYLB/) | $28.2M | 698,581 | 9.4% | 11 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $19.2M | 245,102 | 6.4% | 11 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $16.5M | 328,055 | 5.5% | 11 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $15.0M | 174,218 | 5.0% | 11 |
| SPDR SERIES TRUST | [SPYG](https://holderbook.com/stocks/SPYG/) | $11.3M | 180,058 | 3.8% | 8 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $10.6M | 94,147 | 3.6% | 11 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $9.3M | 152,996 | 3.1% | 7 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $8.7M | 105,645 | 2.9% | 2 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $8.1M | 219,610 | 2.7% | 8 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $6.9M | 150,794 | 2.3% | 11 |
| SPDR SERIES TRUST | [SPTM](https://holderbook.com/stocks/SPTM/) | $6.6M | 125,271 | 2.2% | 11 |
| NORTHERN LTS FD TR IV | [FFTG](https://holderbook.com/stocks/FFTG/) | $6.3M | 206,990 | 2.1% | 11 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $6.1M | 83,595 | 2.0% | 3 |
| NORTHERN LTS FD TR IV | [FFHG](https://holderbook.com/stocks/FFHG/) | $5.9M | 164,925 | 2.0% | 11 |
| ETFS GOLD TR | [SGOL](https://holderbook.com/stocks/SGOL/) | $4.9M | 289,583 | 1.6% | 10 |
| NORTHERN LTS FD TR IV | [FFSG](https://holderbook.com/stocks/FFSG/) | $4.8M | 134,153 | 1.6% | 11 |
| FIDELITY COVINGTON TRUST | [FREL](https://holderbook.com/stocks/FREL/) | $4.5M | 148,644 | 1.5% | 11 |
| GLOBAL X FDS | [PFFD](https://holderbook.com/stocks/PFFD/) | $4.1M | 156,345 | 1.4% | 7 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $3.8M | 21,731 | 1.3% | 11 |
| SPDR SERIES TRUST | [SPTS](https://holderbook.com/stocks/SPTS/) | $3.7M | 122,222 | 1.3% | 8 |
| FIDELITY COVINGTON TRUST | [FMAT](https://holderbook.com/stocks/FMAT/) | $3.6M | 77,343 | 1.2% | 2 |
| FIDELITY COVINGTON TRUST | [FDIS](https://holderbook.com/stocks/FDIS/) | $3.5M | 42,908 | 1.2% | 3 |
| FIDELITY COVINGTON TRUST | [FTEC](https://holderbook.com/stocks/FTEC/) | $3.5M | 29,512 | 1.2% | 9 |
| FIDELITY COVINGTON TRUST | [FUTY](https://holderbook.com/stocks/FUTY/) | $3.4M | 82,691 | 1.1% | 6 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $3.2M | 23,010 | 1.1% | 7 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $3.0M | 10,200 | 1.0% | 7 |
| PROSHARES TR | [MVV](https://holderbook.com/stocks/MVV/) | $2.8M | 43,156 | 0.9% | 5 |
| PROSHARES TR | [UWM](https://holderbook.com/stocks/UWM/) | $2.8M | 46,239 | 0.9% | 5 |
| FIDELITY COVINGTON TRUST | [FSTA](https://holderbook.com/stocks/FSTA/) | $2.7M | 62,838 | 0.9% | 6 |
| PROSHARES TR | [SSO](https://holderbook.com/stocks/SSO/) | $2.5M | 21,292 | 0.8% | 5 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $2.5M | 10,601 | 0.8% | 11 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $2.4M | 6,642 | 0.8% | 11 |
| SPDR SERIES TRUST | [SPTL](https://holderbook.com/stocks/SPTL/) | $2.1M | 51,236 | 0.7% | 11 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $2.1M | 53,345 | 0.7% | 8 |
| SPDR SERIES TRUST | [SPAB](https://holderbook.com/stocks/SPAB/) | $2.0M | 67,757 | 0.7% | 11 |
| SPDR SERIES TRUST | [BWX](https://holderbook.com/stocks/BWX/) | $1.9M | 65,721 | 0.6% | 11 |
| SPDR SERIES TRUST | [SPTI](https://holderbook.com/stocks/SPTI/) | $1.9M | 57,853 | 0.6% | 7 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.8M | 4,172 | 0.6% | 11 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.7M | 38,577 | 0.6% | 11 |
| INVESCO EXCH TRADED FD TR II | [PFIG](https://holderbook.com/stocks/PFIG/) | $1.6M | 60,180 | 0.5% | 11 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.6M | 33,607 | 0.5% | 11 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $1.5M | 24,055 | 0.5% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.2M | 23,411 | 0.4% | 11 |
| FIRST TR EXCH TRADED FD III | [RFDI](https://holderbook.com/stocks/RFDI/) | $1.2M | 16,929 | 0.4% | 11 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $1.1M | 3,933 | 0.4% | 11 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $998.0K | 13,201 | 0.3% | 11 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $956.0K | 9,226 | 0.3% | 7 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $954.0K | 16,358 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $927.0K | 3,232 | 0.3% | 5 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $898.0K | 6,556 | 0.3% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $832.0K | 7,214 | 0.3% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $814.0K | 2,929 | 0.3% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $735.0K | 5,345 | 0.2% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $518.0K | 9,545 | 0.2% | 11 |
| WORLD GOLD TR | [GLDMXXXX](https://holderbook.com/stocks/GLDMXXXX/) | $459.0K | 26,042 | 0.2% | 10 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $458.0K | 3,911 | 0.2% | 11 |
| SPDR SERIES TRUST | [TIPX](https://holderbook.com/stocks/TIPX/) | $441.0K | 20,871 | 0.1% | 11 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $410.0K | 7,179 | 0.1% | 5 |
| ISHARES TR | [GOVT](https://holderbook.com/stocks/GOVT/) | $397.0K | 14,934 | 0.1% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $391.0K | 1,444 | 0.1% | 11 |
| SPDR SERIES TRUST | [WIP](https://holderbook.com/stocks/WIP/) | $390.0K | 6,908 | 0.1% | 11 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $383.0K | 10,529 | 0.1% | 1 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $359.0K | 4,365 | 0.1% | 5 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $358.0K | 104 | 0.1% | 11 |
| ISHARES TR | [ACWI](https://holderbook.com/stocks/ACWI/) | $354.0K | 3,497 | 0.1% | 11 |
| SPDR SERIES TRUST | [SPYD](https://holderbook.com/stocks/SPYD/) | $351.0K | 8,749 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $351.0K | 3,444 | 0.1% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $347.0K | 510 | 0.1% | 5 |
| ISHARES TR | [REM](https://holderbook.com/stocks/REM/) | $346.0K | 9,320 | 0.1% | 2 |
| AMPLIFY ETF TR | [YYY](https://holderbook.com/stocks/YYY/) | $342.0K | 19,413 | 0.1% | 2 |
| INVESCO EXCH TRADED FD TR II | [KBWD](https://holderbook.com/stocks/KBWD/) | $340.0K | 16,497 | 0.1% | 2 |
| ISHARES TR | [IDV](https://holderbook.com/stocks/IDV/) | $335.0K | 10,349 | 0.1% | 2 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $301.0K | 6,391 | 0.1% | 1 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $301.0K | 4,022 | 0.1% | 11 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $288.0K | 1,636 | 0.1% | 11 |
| BARCLAYS BANK PLC NOTE CONV INDEX LNKD | - | $245.0K | 208 | 0.1% | 2 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $229.0K | 1,609 | 0.1% | 5 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $227.0K | 1,379 | 0.1% | 11 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $227.0K | 1,008 | 0.1% | 5 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $225.0K | 1,672 | 0.1% | 11 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $219.0K | 2,214 | 0.1% | 5 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $216.0K | 3,218 | 0.1% | 11 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $210.0K | 3,939 | 0.1% | 4 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $209.0K | 488 | 0.1% | 11 |
| AMERICAN FIN TR INC | [RTL](https://holderbook.com/stocks/RTL/) | $206.0K | 24,311 | 0.1% | 11 |
| ISHARES TR | [TLT](https://holderbook.com/stocks/TLT/) | $193.0K | 1,335 | 0.1% | 11 |
| ISHARES TR | [IYR](https://holderbook.com/stocks/IYR/) | $191.0K | 1,877 | 0.1% | 11 |
| VANGUARD BD INDEX FDS | [BLV](https://holderbook.com/stocks/BLV/) | $191.0K | 1,852 | 0.1% | 4 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $190.0K | 2,112 | 0.1% | 4 |
| AUTOMATIC DATA PROCESSING IN | [ADP](https://holderbook.com/stocks/ADP/) | $185.0K | 930 | 0.1% | 11 |
| FS KKR CAP CORP | [FSK](https://holderbook.com/stocks/FSK/) | $157.0K | 7,294 | 0.1% | 1 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $154.0K | 1,921 | 0.1% | 2 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $138.0K | 1,345 | 0.0% | 3 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $130.0K | 1,241 | 0.0% | 1 |
| TRANE TECHNOLOGIES PLC | [TT](https://holderbook.com/stocks/TT/) | $129.0K | 698 | 0.0% | 3 |
| ISHARES TR | [SHYG](https://holderbook.com/stocks/SHYG/) | $127.0K | 2,767 | 0.0% | 9 |
| COMMERCE BANCSHARES INC | [CBSH](https://holderbook.com/stocks/CBSH/) | $125.0K | 1,674 | 0.0% | 1 |
| BOSTON SCIENTIFIC CORP | [BSX](https://holderbook.com/stocks/BSX/) | $115.0K | 2,681 | 0.0% | 2 |
| TE CONNECTIVITY LTD | [TELXXXX](https://holderbook.com/stocks/TELXXXX/) | $115.0K | 850 | 0.0% | 4 |

## 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 2021 | +4.1% | +8.0% | -3.9% | 98% |
| Q1 2021 | +3.5% | +6.0% | -2.5% | 99% |
| Q4 2020 | +9.5% | +11.6% | -2.2% | 100% |
| Q3 2020 | +3.6% | +8.6% | -5.0% | 99% |
| Q2 2020 | +8.9% | +19.6% | -10.8% | 99% |
| Q1 2020 | -16.3% | -19.9% | +3.6% | 100% |
| Q4 2019 | +4.1% | +8.5% | -4.3% | 100% |
| Q3 2019 | +1.3% | +1.3% | -0.0% | 98% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $299.4M | 498 |
| Q1 2021 | $307.6M | 467 |
| Q4 2020 | $4.8B | 665 |
| Q3 2020 | $2.6B | 315 |
| Q2 2020 | $2.5B | 288 |
| Q1 2020 | $1.9B | 283 |
| Q4 2019 | $2.8B | 362 |
| Q3 2019 | $2.6B | 337 |
| Q2 2019 | $2.4B | 316 |
| Q1 2019 | $2.3B | 328 |
| Q4 2018 | $2.3B | 315 |