Formidable Asset Management, LLC

CINCINNATI, OH · CIK 1592613 · 13F filing filed 2026-07-17

SEC-registered investment adviser since 2013 · limited liability company

Assets managed$903.0m
Staff21 · 14 in investment roles
Main clients (by assets)High net worth individuals 69%, Individuals 26%, Mutual funds and ETFs 4%
Private funds1 (1 hedge) · $1.8m gross assets
Websiteformidableam.com
Form ADV · 2026-08-14SEC adviser record

Legal entityFORMIDABLE ASSET MANAGEMENT, LLC (US)

$628.8m reported value -2.9% vs Q1 2026

387positions

32.8%in top 10

39 new 109 added 193 reduced 33 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	APPLE INC COM AAPL	AAPL	178,292	$45.2m7.20%	7.20%	Reduced -2.2k	-2,210 -1.2%
2	PROCTER AND GAMBLE CO COM PG	PG	252,440	$36.5m5.80%	5.80%	Reduced -3.2k	-3,177 -1.2%
3	NVIDIA CORPORATION COM NVDA	NVDA	141,425	$24.8m3.94%	3.94%	Reduced -1.2k	-1,185 -0.8%
4	ETF OPPORTUNITIES TRUST FORMIDABLE FORTR KONG	KONG	630,659	$18.6m2.96%	2.96%	Reduced -9.3k	-9,264 -1.4%
5	ETF OPPORTUNITIES TRUST FORMIDABLE ETF FORH	FORH	729,772	$17.8m2.83%	2.83%	Reduced -9.1k	-9,144 -1.2%
6	MICROSOFT CORP COM MSFT	MSFT	47,497	$17.6m2.80%	2.80%	Added +781	+781 1.7%
7	META PLATFORMS INC CL A META	META	25,339	$14.5m2.30%	2.30%	Reduced -3.6k	-3,551 -12.3%
8	ALPHABET INC CAP STK CL C GOOG	GOOG	41,490	$12.0m1.91%	1.91%	Reduced -128	-128 -0.3%
9	ELI LILLY & CO COM LLY	LLY	11,607	$10.7m1.70%	1.70%	Reduced -354	-354 -3.0%
10	AMAZON COM INC COM AMZN	AMZN	41,210	$8.6m1.37%	1.37%	Added +2.3k	+2,337 6.0%
11	JPMORGAN CHASE & CO COM JPM	JPM	27,555	$8.1m1.29%	1.29%	Added +656	+656 2.4%
12	TESLA INC COM TSLA	TSLA	20,910	$7.7m1.22%	1.22%	Added +1.4k	+1,351 6.9%
13	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	60,749	$7.5m1.19%	1.19%	Added +307	+307 0.5%
14	GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT GGN	GGN	1,370,222	$7.3m1.16%	1.16%	Reduced -6.3k	-6,314 -0.5%
15	ALPHABET INC CAP STK CL A GOOGL	GOOGL	27,147	$7.3m1.16%	1.16%	Added +1.6k	+1,569 6.1%
16	EATON VANCE TAX-MANAGED GLOB COM XEXGX	XEXGX	834,092	$7.2m1.15%	1.15%	Reduced -9.3k	-9,307 -1.1%
17	EXXON MOBIL CORP COM XOM	XOM	39,982	$6.8m1.08%	1.08%	Added +2	+2 0.0%
18	ISHARES TR MSCI USA QLT FCT QUAL	QUAL	33,986	$6.5m1.04%	1.04%	Reduced -1.9k	-1,857 -5.2%
19	JOHNSON & JOHNSON COM JNJ	JNJ	23,878	$5.9m0.93%	0.93%	Reduced -3.0k	-2,988 -11.1%
20	NEXTERA ENERGY INC COM NEE	NEE	62,702	$5.8m0.93%	0.93%	Reduced -183	-183 -0.3%
21	BROADCOM INC COM AVGO	AVGO	18,760	$5.8m0.92%	0.92%	Reduced -16	-16 -0.1%
22	CHEMED CORP NEW COM CHE	CHE	13,148	$5.1m0.81%	0.81%	Reduced -1.3k	-1,299 -9.0%
23	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	10,461	$5.0m0.80%	0.80%	Reduced -61	-61 -0.6%
24	CHEVRON CORP NEW COM CVX	CVX	22,968	$4.8m0.76%	0.76%	Added +458	+458 2.0%
25	J P MORGAN EXCHANGE TRADED F ACTIVE GROWTH JGRO	JGRO	54,796	$4.6m0.74%	0.74%	Reduced -12.0k	-11,953 -17.9%
26	VANGUARD SPECIALIZED FUNDS DIV APP ETF VIG	VIG	19,419	$4.2m0.66%	0.66%	Reduced -767	-767 -3.8%
27	ISHARES TR SHORT TREAS BD SHV	SHV	37,790	$4.2m0.66%	0.66%	Added +14.9k	+14,930 65.3%
28	WISDOMTREE TR US QUALITY GROW QGRW	QGRW	76,884	$4.1m0.65%	0.65%	Added +21.9k	+21,934 39.9%
29	BLACKROCK ESG CAP ALLC TERM SHS BEN INT ECAT	ECAT	296,032	$4.0m0.64%	0.64%	Reduced -5.8k	-5,837 -1.9%
30	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	15,975	$3.9m0.62%	0.62%	Added +1.0k	+1,020 6.8%
31	WALMART INC COM WMT	WMT	31,004	$3.9m0.61%	0.61%	Reduced -144	-144 -0.5%
32	ACACIA RESH CORP ACACIA TCH COM ACTG	ACTG	793,136	$3.7m0.59%	0.59%	Reduced -45.7k	-45,733 -5.5%
33	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	73,781	$3.7m0.59%	0.59%	Reduced -36.8k	-36,838 -33.3%
34	RBB FD INC US TREAS 3 MNTH TBIL	TBIL	74,459	$3.7m0.59%	0.59%	Reduced -2.4k	-2,444 -3.2%
35	VISA INC COM CL A V	V	11,880	$3.6m0.57%	0.57%	Reduced -311	-311 -2.5%
36	ASML HOLDING N V N Y REGISTRY SHS ASML	ASML	2,558	$3.4m0.54%	0.54%	Reduced -286	-286 -10.1%
37	HOME DEPOT INC COM HD	HD	10,093	$3.3m0.53%	0.53%	Reduced -131	-131 -1.3%
38	FLUX PWR HLDGS INC COM NEW FLUX	FLUX	2,947,682	$3.0m0.48%	0.48%	Added +85.7k	+85,680 3.0%
39	FIRST TR EXCHANGE-TRADED FD SMID RISNG ETF SDVY	SDVY	75,368	$3.0m0.47%	0.47%	Reduced -2.3k	-2,300 -3.0%
40	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	7,357	$2.9m0.46%	0.46%	Added +1.3k	+1,290 21.3%
41	NEWMONT CORP COM NEM	NEM	27,283	$2.9m0.46%	0.46%	Added +4.3k	+4,266 18.5%
42	MCDONALDS CORP COM MCD	MCD	9,164	$2.8m0.45%	0.45%	Reduced -2.1k	-2,100 -18.6%
43	LITHIUM ARGENTINA AG COM SHS LAR	LAR	411,408	$2.8m0.45%	0.45%	Added +142.5k	+142,482 53.0%
44	ISHARES TR CORE HIGH DV ETF HDV	HDV	20,444	$2.8m0.44%	0.44%	Reduced -68.7k	-68,691 -77.1%
45	EATON VANCE TAX ADVT DIV INC COM XEVTX	XEVTX	112,161	$2.8m0.44%	0.44%	Reduced -1.5k	-1,531 -1.4%
46	ALTRIA GROUP INC COM MO	MO	41,143	$2.7m0.43%	0.43%	Added +3.6k	+3,562 9.5%
47	ABRDN LIFE SCIENCES INVESTOR SH BEN INT HQL	HQL	165,243	$2.7m0.43%	0.43%	Added +6.9k	+6,858 4.3%
48	PEPSICO INC COM PEP	PEP	17,183	$2.7m0.42%	0.42%	Reduced -5.8k	-5,828 -25.3%
49	ISHARES TR CORE S&P500 ETF IVV	IVV	3,566	$2.3m0.37%	0.37%	Reduced -30	-30 -0.8%
50	WISDOMTREE TR ITL HIGH DIV FD DTH	DTH	43,006	$2.3m0.37%	0.37%	Reduced -80	-80 -0.2%
51	VERTIV HOLDINGS CO COM CL A VRT	VRT	8,964	$2.2m0.36%	0.36%	Added +172	+172 2.0%
52	ADOBE INC COM ADBE	ADBE	9,563	$2.2m0.36%	0.36%	Reduced -197	-197 -2.0%
53	REPUBLIC BANCORP INC KY CL A RBCAA	RBCAA	31,162	$2.2m0.35%	0.35%	Added +190	+190 0.6%
54	NETFLIX INC COM NFLX	NFLX	22,770	$2.2m0.35%	0.35%	Added +8.8k	+8,813 63.1%
55	VIKING THERAPEUTICS INC COM VKTX	VKTX	64,099	$2.1m0.34%	0.34%	Reduced -3.8k	-3,787 -5.6%
56	ABBVIE INC COM ABBV	ABBV	9,748	$2.1m0.34%	0.34%	Added +117	+117 1.2%
57	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	6,259	$2.1m0.34%	0.34%	Reduced -784	-784 -11.1%
58	ORACLE CORP COM ORCL	ORCL	14,119	$2.1m0.33%	0.33%	Reduced -471	-471 -3.2%
59	DEERE & CO COM DE	DE	3,652	$2.1m0.33%	0.33%	Reduced -66	-66 -1.8%
60	ISHARES TR 7-10 YR TRSY BD IEF	IEF	21,170	$2.0m0.32%	0.32%	Reduced -2.1k	-2,052 -8.8%
61	SERVICENOW INC COM NOW	NOW	19,840	$2.0m0.32%	0.32%	Added +8.8k	+8,815 80.0%
62	GENERAL DYNAMICS CORP COM GD	GD	5,832	$2.0m0.32%	0.32%	Reduced -69	-69 -1.2%
63	VANGUARD WHITEHALL FDS HIGH DIV YLD VYM	VYM	13,385	$2.0m0.32%	0.32%	Added +170	+170 1.3%
64	BANK AMERICA CORP COM BAC	BAC	40,572	$2.0m0.31%	0.31%	Reduced -1.3k	-1,319 -3.1%
65	VERIZON COMMUNICATIONS INC COM VZ	VZ	39,284	$2.0m0.31%	0.31%	Reduced -18.9k	-18,873 -32.5%
66	ISHARES TR 20 YR TR BD ETF TLT	TLT	22,712	$2.0m0.31%	0.31%	Reduced -1.5k	-1,508 -6.2%
67	PALANTIR TECHNOLOGIES INC CL A PLTR	PLTR	13,368	$2.0m0.31%	0.31%	Added +2.5k	+2,517 23.2%
68	RBB FD INC US TREASRY 12 MT OBIL	OBIL	38,658	$1.9m0.31%	0.31%	Added +254	+254 0.7%
69	ADVANCED MICRO DEVICES INC COM AMD	AMD	9,153	$1.9m0.30%	0.30%	Added +309	+309 3.5%
70	GE VERNOVA INC COM GEV	GEV	1,956	$1.9m0.30%	0.30%	Added +556	+556 39.7%
71	EOG RES INC COM EOG	EOG	12,622	$1.8m0.29%	0.29%	Reduced -226	-226 -1.8%
72	AMGEN INC COM AMGN	AMGN	5,152	$1.8m0.29%	0.29%	Reduced -44	-44 -0.8%
73	EXPEDIA GROUP INC COM NEW EXPE	EXPE	7,662	$1.8m0.28%	0.28%	Reduced -125	-125 -1.6%
74	UBER TECHNOLOGIES INC COM UBER	UBER	23,431	$1.7m0.27%	0.27%	Added +2.9k	+2,939 14.3%
75	MARATHON PETE CORP COM MPC	MPC	6,861	$1.7m0.27%	0.27%	Added +2	+2 0.0%
76	UNION PAC CORP COM UNP	UNP	6,902	$1.7m0.27%	0.27%	Reduced -19	-19 -0.3%
77	DIMENSIONAL ETF TRUST US LARGE CAP VAL DFLV	DFLV	46,773	$1.7m0.27%	0.27%	Added +13.2k	+13,168 39.2%
78	MASTERCARD INCORPORATED CL A MA	MA	3,341	$1.7m0.27%	0.27%	Reduced -89	-89 -2.6%
79	VERTEX PHARMACEUTICALS INC COM VRTX	VRTX	3,518	$1.6m0.26%	0.26%	Added +1.5k	+1,548 78.6%
80	PFIZER INC COM PFE	PFE	56,869	$1.6m0.25%	0.25%	Added +5.8k	+5,792 11.3%
81	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	32,010	$1.6m0.25%	0.25%	Reduced -12.0k	-11,959 -27.2%
82	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	2,630	$1.6m0.25%	0.25%	Added +45	+45 1.7%
83	GLOBAL X FDS RUSSELL 2000 RYLD	RYLD	105,494	$1.6m0.25%	0.25%	Reduced -7.1k	-7,117 -6.3%
84	TIDAL TRUST III VISTASHARES TRGT OMAH	OMAH	86,047	$1.6m0.25%	0.25%	Added +4.5k	+4,521 5.5%
85	TALEN ENERGY CORP COM TLN	TLN	4,595	$1.5m0.24%	0.24%	Reduced -46	-46 -1.0%
86	EATON CORP PLC SHS ETN	ETN	4,299	$1.5m0.24%	0.24%	Unchanged
87	SPDR SERIES TRUST AEROSPACE DEF XAR	XAR	6,025	$1.5m0.24%	0.24%	Added +727	+727 13.7%
88	ONEOK INC NEW COM OKE	OKE	16,894	$1.5m0.24%	0.24%	Added +5.6k	+5,648 50.2%
89	GOLDMAN SACHS GROUP INC COM GS	GS	1,790	$1.5m0.24%	0.24%	Added +53	+53 3.0%
90	ISHARES TR 1 3 YR TREAS BD SHY	SHY	18,076	$1.5m0.24%	0.24%	Added +3.5k	+3,506 24.1%
91	NEXTERA ENERGY INC UNIT 11/01/2027 NEE 7.234 11.01.27	NEE 7.234 11.01.27	28,435	$1.5m0.24%	0.24%	Added +2.5k	+2,550 9.8%
92	GE AEROSPACE COM NEW GE	GE	5,243	$1.5m0.24%	0.24%	Reduced -122	-122 -2.3%
93	VANGUARD WHITEHALL FDS INTL HIGH ETF VYMI	VYMI	15,616	$1.5m0.23%	0.23%	Added +3.2k	+3,190 25.7%
94	T ROWE PRICE ETF INC PRICE DIV GRWT TDVG	TDVG	32,312	$1.4m0.23%	0.23%	Reduced -1.2k	-1,214 -3.6%
95	QUALCOMM INC COM QCOM	QCOM	11,114	$1.4m0.23%	0.23%	Reduced -1.3k	-1,279 -10.3%
96	MERCHANTS BANCORP IND COM MBIN	MBIN	33,200	$1.4m0.23%	0.23%	Reduced -1.2k	-1,200 -3.5%
97	BOOKING HOLDINGS INC COM BKNG	BKNG	336	$1.4m0.22%	0.22%	Reduced -7.9k	-7,939 -95.9%
98	ALPS ETF TR ALERIAN MLP AMLP	AMLP	26,525	$1.4m0.22%	0.22%	Added +16.8k	+16,800 172.8%
99	PAYPAL HLDGS INC COM PYPL	PYPL	30,436	$1.4m0.22%	0.22%	Added +4.5k	+4,499 17.4%
100	HONEYWELL INTL INC COM COM		6,072	$1.4m0.22%	0.22%	Added +3.1k	+3,050 101.0%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
AUTODESK INC ADSK	ADSK	2,655	$785.9k2.7k shares
DIMENSIONAL ETF TRUST DFIV	DFIV	12,402	$618.9k12.4k shares
SCHLUMBERGER LTD SLB	SLB	15,070	$578.4k15.1k shares
NUVEEN DOW 30 DYNMC OVERWRT		37,371	$570.3k37.4k shares
GENPACT LIMITED G	G	14,741	$549.1k14.7k shares
LEIDOS HOLDINGS INC LDOS	LDOS	2,805	$506.1k2.8k shares
COTERRA ENERGY INC CTRA	CTRA	13,005	$457.0k13.0k shares
POWER SOLUTIONS INTL INC PSIX	PSIX	6,581	$400.7k6.6k shares
QUALYS INC QLYS	QLYS	2,952	$392.3k3.0k shares
COGNIZANT TECHNOLOGY SOLUTIO CTSH	CTSH	6,342	$389.1k6.3k shares
CRISPR THERAPEUTICS AG CRSP	CRSP	7,298	$382.7k7.3k shares
PATRIA INVESTMENTS LIMITED PAX	PAX	30,143	$379.8k30.1k shares
ITRON INC ITRI	ITRI	4,220	$378.2k4.2k shares
KRANESHARES TRUST KWEB	KWEB	11,043	$376.0k11.0k shares
BONDBLOXX ETF TRUST XONE	XONE	7,454	$369.2k7.5k shares
CORECIVIC INC CXW	CXW	18,348	$347.0k18.3k shares
AMERICAN TOWER CORP NEW AMT	AMT	1,935	$339.8k1.9k shares
DIREXION SHS ETF TR TSLL	TSLL	17,382	$332.2k17.4k shares
NICE LTD NICE	NICE	2,864	$315.8k2.9k shares
ARES CAPITAL CORP ARCC	ARCC	14,737	$298.1k14.7k shares
AIRBNB INC ABNB	ABNB	2,006	$272.3k2.0k shares
SHOPIFY INC SHOP	SHOP	1,516	$244.0k1.5k shares
T ROWE PRICE ETF INC TFLR	TFLR	4,697	$241.4k4.7k shares
NOVO-NORDISK A S NVO	NVO	4,597	$233.9k4.6k shares
OKLO INC OKLO	OKLO	3,234	$232.1k3.2k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
FLUX PWR HLDGS INC FLUX · 13G · filed 2025-12-16	FLUX	14.1%≈ $2.6m		13G	2025-12-16