Formulate Financial

BOCA RATON, FLfiles as FORMULATE FINANCIAL LLC

$95m in 26 US stocks at the end of 30 June 2026. The top 10 are 88.7% of the money. It changed about 2.9% of the portfolio this quarter.

Value

$95m

Stocks

Top 10 share

88.7%

Turnover

2.9%

What changed this quarter

New

Bought for the first time this quarter.

AlphabetGOOGL
0.2% of the fund

Added

Bought more of a stock they already held.

Invesco QQQ TRQQQ
15.6% of the fund
+3%
State STR Spdr S&P 500 ETF TSPY
11.7% of the fund
+3%
Ishares TRIVW
7.9% of the fund
+3%
Ishares TRITOT
4.9% of the fund
+3%
Vanguard Index FDSVTI
0.5% of the fund
+37%
Johnson & JohnsonJNJ
0.4% of the fund
+69%

Cut

Sold some of their stake.

EatonETN
0.5% of the fund
-49%

Sold out

Sold their entire stake.

International Business MachinesIBM
-100%

Holdings

Vanguard Index FDSVOO
Share
18.4%
Value
$18m
Shares
25,521
Held
Invesco QQQ TRQQQ
Share
15.6%
Value
$15m
Shares
20,162
+3%
State STR Spdr S&P 500 ETF TSPY
Share
11.7%
Value
$11m
Shares
14,830
+3%
Ishares TRIWB
Share
11.3%
Value
$11m
Shares
26,128
Held
Vanguard Specialized FundsVIG
Share
10.5%
Value
$10m
Shares
42,170
Held
Ishares TRIVW
Share
7.9%
Value
$7m
Shares
54,414
+3%
Ishares TRITOT
Share
4.9%
Value
$5m
Shares
28,621
+3%
Ishares TRIWF
Share
3.4%
Value
$3m
Shares
26,141
Held
Vanguard Scottsdale FDSVONE
Share
2.6%
Value
$2m
Shares
7,262
Held
MicrosoftMSFT
Share
2.4%
Value
$2m
Shares
6,124
Held
Amazon.comAMZN
Share
1.7%
Value
$2m
Shares
6,606
Held
AlphabetGOOG
Share
1.5%
Value
$1m
Shares
3,900
Held
Vanguard Index FDSVUG
Share
1.4%
Value
$1m
Shares
15,774
Held
NvidiaNVDA
Share
1.3%
Value
$1m
Shares
6,080
Held
AppleAAPL
Share
1.1%
Value
$1m
Shares
3,724
Held
Berkshire HathawayBRK-B
Share
0.7%
Value
$648,005
Shares
1,295
Held
Vanguard Index FDSVTI
Share
0.5%
Value
$520,703
Shares
1,407
+37%
EatonETN
Share
0.5%
Value
$501,120
Shares
1,176
-49%
Ishares TRPFF
Share
0.5%
Value
$468,478
Shares
15,365
Held
Johnson & JohnsonJNJ
Share
0.4%
Value
$371,558
Shares
1,463
+69%
AbbVieABBV
Share
0.3%
Value
$323,860
Shares
1,287
Held
BroadcomAVGO
Share
0.3%
Value
$290,584
Shares
769
Held
Home DepotHD
Share
0.3%
Value
$266,979
Shares
757
Held
NextEra EnergyNEE
Share
0.3%
Value
$263,574
Shares
3,003
Held
Procter & GamblePG
Share
0.3%
Value
$237,997
Shares
1,623
Held
AlphabetGOOGL
Share
0.2%
Value
$207,349
Shares
580
New

Company	Share of fund	Value	Shares	Change
Vanguard Index FDSVOO	18.4%	$18m	25,521	Held
Invesco QQQ TRQQQ	15.6%	$15m	20,162	+3%
State STR Spdr S&P 500 ETF TSPY	11.7%	$11m	14,830	+3%
Ishares TRIWB	11.3%	$11m	26,128	Held
Vanguard Specialized FundsVIG	10.5%	$10m	42,170	Held
Ishares TRIVW	7.9%	$7m	54,414	+3%
Ishares TRITOT	4.9%	$5m	28,621	+3%
Ishares TRIWF	3.4%	$3m	26,141	Held
Vanguard Scottsdale FDSVONE	2.6%	$2m	7,262	Held
MicrosoftMSFT	2.4%	$2m	6,124	Held
Amazon.comAMZN	1.7%	$2m	6,606	Held
AlphabetGOOG	1.5%	$1m	3,900	Held
Vanguard Index FDSVUG	1.4%	$1m	15,774	Held
NvidiaNVDA	1.3%	$1m	6,080	Held
AppleAAPL	1.1%	$1m	3,724	Held
Berkshire HathawayBRK-B	0.7%	$648,005	1,295	Held
Vanguard Index FDSVTI	0.5%	$520,703	1,407	+37%
EatonETN	0.5%	$501,120	1,176	-49%
Ishares TRPFF	0.5%	$468,478	15,365	Held
Johnson & JohnsonJNJ	0.4%	$371,558	1,463	+69%
AbbVieABBV	0.3%	$323,860	1,287	Held
BroadcomAVGO	0.3%	$290,584	769	Held
Home DepotHD	0.3%	$266,979	757	Held
NextEra EnergyNEE	0.3%	$263,574	3,003	Held
Procter & GamblePG	0.3%	$237,997	1,623	Held
AlphabetGOOGL	0.2%	$207,349	580	New

Over time and by industry

Value over time

Dec '25

Jun '26

Value is up 17.8% since 30 September 2025.

Where the money is

Technology5.1%

Retail & consumer1.9%

Media & telecom1.7%

Health care0.7%

Financial services0.7%

Industrials0.5%

Utilities0.3%

Everyday goods0.3%

Other88.8%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.