# FORTEM FINANCIAL GROUP, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1766509. Source: https://holderbook.com/funds/1766509-fortem-financial-group-llc/

- Reported value: $490.3M
- Positions: 188
- Weight of the ten largest: 30.7%
- Filed: 2026-07-20

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 |
|---|---|---|---|---|---|
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $20.2M | 67,049 | 4.1% | 24 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $20.2M | 46,741 | 4.1% | 16 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $18.0M | 90,155 | 3.7% | 31 |
| SSGA ACTIVE ETF TR | [SRLN](https://holderbook.com/stocks/SRLN/) | $15.0M | 372,511 | 3.1% | 6 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $14.0M | 19,333 | 2.9% | 13 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $13.5M | 31,159 | 2.8% | 6 |
| GLOBAL X FDS | [URA](https://holderbook.com/stocks/URA/) | $13.2M | 301,997 | 2.7% | 13 |
| ALPS ETF TR | [AMLP](https://holderbook.com/stocks/AMLP/) | $12.6M | 242,533 | 2.6% | 23 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $12.3M | 32,683 | 2.5% | 24 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $11.4M | 15,477 | 2.3% | 27 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $11.1M | 26,336 | 2.3% | 25 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $10.9M | 93,188 | 2.2% | 13 |
| ETF OPPORTUNITIES TRUST | [VSLU](https://holderbook.com/stocks/VSLU/) | $10.1M | 218,501 | 2.1% | 3 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $9.6M | 20,137 | 2.0% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $9.2M | 25,873 | 1.9% | 31 |
| COHEN & STEERS ETF TRUST | [CSPF](https://holderbook.com/stocks/CSPF/) | $9.0M | 344,402 | 1.8% | 3 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $8.9M | 82,955 | 1.8% | 18 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $8.5M | 35,747 | 1.7% | 31 |
| JANUS DETROIT STR TR | [VNLA](https://holderbook.com/stocks/VNLA/) | $8.0M | 163,614 | 1.6% | 6 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $8.0M | 9,607 | 1.6% | 17 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $7.8M | 27,062 | 1.6% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $7.4M | 41,844 | 1.5% | 6 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $7.1M | 6,130 | 1.4% | 3 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $6.9M | 14,230 | 1.4% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $6.7M | 17,957 | 1.4% | 31 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $5.4M | 7,572 | 1.1% | 15 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $5.4M | 13,502 | 1.1% | 13 |
| CARDINAL HEALTH INC | [CAH](https://holderbook.com/stocks/CAH/) | $5.2M | 21,872 | 1.1% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $5.2M | 9,191 | 1.1% | 31 |
| GLOBAL X FDS | [PAVE](https://holderbook.com/stocks/PAVE/) | $4.9M | 82,975 | 1.0% | 8 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $4.6M | 31,172 | 0.9% | 14 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $4.6M | 48,773 | 0.9% | 8 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $4.5M | 3,827 | 0.9% | 8 |
| GLOBAL X FDS | [SHLD](https://holderbook.com/stocks/SHLD/) | $4.5M | 75,046 | 0.9% | 3 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $4.4M | 196,669 | 0.9% | 16 |
| HOWMET AEROSPACE INC | [HWM](https://holderbook.com/stocks/HWM/) | $4.1M | 15,262 | 0.8% | 4 |
| ADVISORS INNER CIRCLE FD III | [SAMT](https://holderbook.com/stocks/SAMT/) | $4.0M | 84,473 | 0.8% | 15 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $4.0M | 11,531 | 0.8% | 29 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $3.8M | 5,473 | 0.8% | 5 |
| GOLDMAN SACHS ETF TR | [GVLE](https://holderbook.com/stocks/GVLE/) | $3.4M | 72,045 | 0.7% | 3 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $3.3M | 22,876 | 0.7% | 17 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $3.3M | 19,241 | 0.7% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $3.2M | 4,272 | 0.7% | 31 |
| PINNACLE WEST CAP CORP | [PNW](https://holderbook.com/stocks/PNW/) | $3.1M | 28,593 | 0.6% | 8 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $3.0M | 3,956 | 0.6% | 14 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $3.0M | 41,516 | 0.6% | 11 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $2.9M | 13,108 | 0.6% | 21 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $2.9M | 7,412 | 0.6% | 17 |
| ENERGY TRANSFER L P | [ET](https://holderbook.com/stocks/ET/) | $2.8M | 144,704 | 0.6% | 24 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $2.6M | 8,070 | 0.5% | 31 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $2.5M | 74,616 | 0.5% | 3 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $2.5M | 2,345 | 0.5% | 23 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $2.5M | 5,510 | 0.5% | 6 |
| PACER FDS TR | [COWG](https://holderbook.com/stocks/COWG/) | $2.5M | 61,269 | 0.5% | 3 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $2.4M | 20,831 | 0.5% | 15 |
| NATIONAL FUEL GAS CO | [NFG](https://holderbook.com/stocks/NFG/) | $2.4M | 31,116 | 0.5% | 8 |
| AUTODESK INC | [ADSK](https://holderbook.com/stocks/ADSK/) | $2.4M | 12,147 | 0.5% | 12 |
| NUVEEN S&P 500 DYNAMIC OVERW | [SPXX](https://holderbook.com/stocks/SPXX/) | $2.3M | 125,998 | 0.5% | 11 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $2.3M | 13,495 | 0.5% | 1 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $2.3M | 19,651 | 0.5% | 12 |
| NASDAQ INC | [NDAQ](https://holderbook.com/stocks/NDAQ/) | $2.3M | 28,817 | 0.5% | 4 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $2.3M | 708 | 0.5% | 8 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $2.2M | 18,903 | 0.4% | 5 |
| IDEXX LABS INC | [IDXX](https://holderbook.com/stocks/IDXX/) | $2.1M | 3,953 | 0.4% | 3 |
| ARM HOLDINGS PLC | [ARM](https://holderbook.com/stocks/ARM/) | $2.0M | 5,743 | 0.4% | 10 |
| ROKU INC | [ROKU](https://holderbook.com/stocks/ROKU/) | $1.9M | 13,987 | 0.4% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.9M | 3,277 | 0.4% | 10 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $1.9M | 1,577 | 0.4% | 30 |
| NORTHROP GRUMMAN CORP | [NOC](https://holderbook.com/stocks/NOC/) | $1.8M | 3,461 | 0.4% | 7 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $1.7M | 4,143 | 0.3% | 6 |
| MPLX LP | [MPLX](https://holderbook.com/stocks/MPLX/) | $1.6M | 29,190 | 0.3% | 17 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $1.6M | 4,250 | 0.3% | 20 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $1.5M | 10,791 | 0.3% | 11 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $1.5M | 5,778 | 0.3% | 24 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $1.4M | 4,779 | 0.3% | 3 |
| PLAINS ALL AMERN PIPELINE L | [PAA](https://holderbook.com/stocks/PAA/) | $1.4M | 63,547 | 0.3% | 17 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $1.4M | 1,502 | 0.3% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $1.4M | 9,783 | 0.3% | 16 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $1.4M | 7,638 | 0.3% | 21 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $1.3M | 4,956 | 0.3% | 25 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $1.2M | 6,361 | 0.2% | 6 |
| GRAYSCALE BITCOIN TRUST ETF | [GBTC](https://holderbook.com/stocks/GBTC/) | $1.1M | 24,657 | 0.2% | 10 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $1.1M | 3,569 | 0.2% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.1M | 18,598 | 0.2% | 31 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $1.0M | 4,191 | 0.2% | 29 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $1.0M | 4,057 | 0.2% | 6 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $1.0M | 2,982 | 0.2% | 6 |
| RIGETTI COMPUTING INC | [RGTI](https://holderbook.com/stocks/RGTI/) | $1.0M | 52,366 | 0.2% | 6 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $1.0M | 206,000 | 0.2% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $998.0K | 3,832 | 0.2% | 23 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $896.4K | 4,288 | 0.2% | 23 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $879.7K | 1,758 | 0.2% | 29 |
| SPACE EXPLORATION TECHN CORP | [SPCX](https://holderbook.com/stocks/SPCX/) | $869.5K | 5,089 | 0.2% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $868.8K | 7,671 | 0.2% | 13 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $868.4K | 15,646 | 0.2% | 6 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $864.4K | 6,829 | 0.2% | 5 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $841.0K | 1,168 | 0.2% | 10 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $831.9K | 6,585 | 0.2% | 17 |
| AST SPACEMOBILE INC | [ASTS](https://holderbook.com/stocks/ASTS/) | $802.0K | 9,025 | 0.2% | 5 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $793.5K | 5,414 | 0.2% | 5 |

## 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 | +17.0% | +14.8% | +2.2% | 100% |
| Q1 2026 | +0.6% | -4.6% | +5.2% | 100% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 100% |
| Q3 2025 | +12.0% | +7.8% | +4.1% | 100% |
| Q2 2025 | +15.5% | +10.5% | +5.1% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +3.0% | +2.1% | +0.8% | 100% |
| Q3 2024 | +5.2% | +5.4% | -0.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $490.3M | 188 |
| Q1 2026 | $398.5M | 173 |
| Q4 2025 | $374.1M | 173 |
| Q3 2025 | $348.2M | 167 |
| Q2 2025 | $310.1M | 171 |
| Q1 2025 | $257.0M | 185 |
| Q4 2024 | $258.1M | 176 |
| Q3 2024 | $245.9M | 174 |
| Q2 2024 | $232.6M | 167 |
| Q1 2024 | $227.8M | 166 |
| Q4 2023 | $201.0M | 161 |
| Q3 2023 | $170.5M | 159 |