FormulaFolio Investments, LLC

Registered adviser

CIK

1626982

Location

GRAND RAPIDS, MI

Portfolio Value

Small $249,849,824

Diversification

Diversified

Filing Date

Global Rank

#3,998 / 6,051 ▼ 178 · as of Jun 2021

Top Industry

Consumer Electronics 10.6%

Period ended 5 years ago

Filed Jul 28, 2021 · 5y

6 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 153467

Roster of Nov 1, 2026

Regulatory AUM

$597,943,509

Main clients

Registered funds and BDCs (100% of AUM)

Registered funds advised

8 series (0 index, 8 ETFs)

$589,163,680 net assets· N-CEN May 31, 2026

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Mar 2026 to Nov 2026	$597,943,509	Registered funds and BDCs (100%)
Feb 2025 to Feb 2026	$507,587,539	Registered funds and BDCs (100%)
Apr 2024 to Jan 2025	$384,902,333	Registered funds and BDCs (100%)
Dec 2023 to Mar 2024	$88,886,233	Registered funds and BDCs (100%)
May 2023 to Nov 2023	$219,593,000	Registered funds and BDCs (100%)
Mar 2023 to Apr 2023	$219,593,000	Registered funds and BDCs (100%)

4 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2021, never from the firm's own description.

Style

Concentrated

The top 10 positions are 85.9% of the book (60%+)

Turnover

Medium turnover

45.1% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 5.5 quarters, but 83.5% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 92.3%; sector active share 64.3% against the combined 13F book's sector weights.

Over time 6 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

471 tracked positions · as of Jun 30, 2021 · Δ vs Mar 31, 2021

Top Position

18.7%

−2.0 pts

Top 5

60.9%

−3.3 pts

Top 10

85.9%

−2.0 pts

HHI

962

Diversified−122

Portfolio Trend

6 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2021

Sector	% Portfolio	Value	Positions
Unclassified	96.6%	$241,382,193	192
Financial Services	0.9%	$2,153,835	55
Technology	0.8%	$2,012,521	34
Consumer Cyclical	0.4%	$964,529	26
Healthcare	0.3%	$820,527	42
Industrials	0.3%	$797,859	32
Communication Services	0.2%	$604,361	15
Consumer Defensive	0.1%	$295,116	19
Utilities	0.1%	$283,879	21
Energy	0.1%	$256,276	12
Basic Materials	0.1%	$239,957	14
Real Estate	0.0%	$38,771	9

Last Quarter's Activity

Export CSV

Jun 30, 2021 vs Mar 31, 2021

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
UWM	ProShares Ultra Russell2000	+22,249	46,239	$2,767,404
PFFD	Global X U.S. Preferred ETF	+3,779	156,345	$4,091,548
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	+2,997	105,645	$8,737,897
—		+2,911	122,222	$3,744,882
VEA	Vanguard FTSE Developed Markets ETF	+2,388	23,411	$1,206,134
VTV	VANGUARD VALUE INDEX FUND	+738	5,345	$734,723
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+725	9,545	$518,388
TTD	Trade Desk, Inc.	+484	514	$39,763
VUG	VANGUARD GROWTH INDEX FUND	+423	3,232	$926,970
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	+285	67,757	$2,033,387
MUB	iShares National Muni Bond ETF	+273	3,911	$458,369
HBAN	Huntington Bancshares Inc	+251	1,289	$18,394
CSX	Csx Corp	+218	327	$10,490
BRK-B	Berkshire Hathaway Inc	+201	2,929	$814,027
T	At&T Inc.	+197	1,270	$36,550
XOM	ExxonMobil Holdings Corp	+117	845	$53,302
VB	Vanguard Index Funds	+111	1,008	$227,082
WMT	Walmart Inc.	+100	200	$28,204
OKE	Oneok Inc	+98	298	$16,580
KO	Coca Cola Co	+90	581	$31,437
RSP	Victory Portfolios II	+73	225	$33,914
PFE	Pfizer Inc	+69	89	$3,485
IEFA	iShares Core MSCI EAFE ETF	+62	4,022	$301,086
VZ	Verizon Communications Inc	+57	740	$41,462
CMS	Cms Energy Corp	+38	176	$10,398
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HYLB	Xtrackers USD High Yield Corporate Bond ETF	−24,986	698,581	$28,159,800
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	−16,271	180,058	$11,338,252
SCHM	Schwab U.S. Mid-Cap ETF	−14,196	245,102	$19,184,133
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	−12,094	328,055	$16,511,008
SGOL	abrdn Gold ETF Trust	−10,181	289,583	$4,920,015
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−10,144	219,610	$8,079,451
FMAT	Fidelity MSCI Materials Index ETF	−8,481	77,343	$3,574,020
FUTY	Fidelity MSCI Utilities Index ETF	−8,435	82,691	$3,392,811
PFIG	Invesco Fundamental Investment Grade Corporate Bond ETF	−6,921	60,180	$1,621,851
FREL	Fidelity MSCI Real Estate Index ETF	−6,902	148,644	$4,523,236
—		−6,629	20,871	$441,212
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−6,620	174,218	$14,963,584
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	−6,228	150,794	$6,861,127
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	−5,685	125,271	$6,635,604
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	−5,188	152,996	$9,259,317
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	−4,272	53,345	$2,109,261
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	−4,236	42,908	$3,479,409
IXUS	iShares Core MSCI Total International Stock ETF	−3,633	83,595	$6,127,513
IJR	iShares Core S&P Small-Cap ETF	−3,527	94,147	$10,636,728
SH	ProShares Short S&P500	−3,085	3,574	$55,003
FTEC	Fidelity MSCI Information Technology Index ETF	−2,872	29,512	$3,476,218
BWX	Spdr Series Trust	−2,517	65,721	$1,928,911
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	−2,177	57,853	$1,873,280
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	−1,516	51,236	$2,116,046
MVV	ProShares Ultra MidCap400	−1,504	43,156	$2,771,478
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMLP	Alerian MLP ETF	10,529	$383,360
DFUS	Dimensional U.S. Equity Market ETF	6,391	$301,175
FSK	FS KKR Capital Corp	7,294	$156,893
CVX	Chevron Corp	1,241	$129,982
CBSH	Commerce Bancshares Inc	1,674	$118,869
DFAS	Dimensional U.S. Small Cap ETF	1,776	$103,718
LMT	Lockheed Martin Corp	241	$91,182
HD	Home Depot, Inc.	199	$63,459
NEM	NEWMONT Corp	500	$31,690
PEP	Pepsico Inc	145	$21,484
LOW	Lowes Companies Inc	100	$19,397
LUV	Southwest Airlines Co	351	$18,634
TFC	Truist Financial Corp	307	$17,038
LDOS	Leidos Holdings, Inc.	147	$14,861
WAT	Waters Corp	38	$13,133
GIS	General Mills Inc	209	$12,734
FAST	Fastenal Co	189	$9,828
TXN	Texas Instruments Inc	50	$9,615
XYL	Xylem Inc.	76	$9,116
VLO	Valero Energy Corp	102	$7,964
HSY	Hershey Co	43	$7,489
PRU	Prudential Financial Inc	71	$7,275
EMR	Emerson Electric Co	75	$7,218
PPL	PPL Corp	237	$6,628
PEG	Public Service Enterprise Group Inc	102	$6,093
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
VDE	VANGUARD ENERGY INDEX FUND	685	$46,580
USO	United States Oil Fund, LP	516	$20,913
MS	Morgan Stanley	200	$15,532
ESQ	Esquire Financial Holdings, Inc.	400	$9,124
UAL	United Airlines Holdings, Inc.	145	$8,343
PSEC	Prospect Capital Corp	620	$4,755
AEL	American National Group Inc.	26,946	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

471 tracked positions · $249,849,824 total · filing declares 524 positions · $299,430,000 · as of Jun 30, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 471 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
HYLB	Xtrackers USD High Yield Corporate Bond ETF	Reduced	698,581	-24,986	$28,159,800	−22.1%	6+	before history	11.27%
SCHM	Schwab U.S. Mid-Cap ETF	Reduced	245,102	-14,196	$19,184,133	−0.6%	6+	before history	7.68%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Reduced	328,055	-12,094	$16,511,008	+4.1%	6+	before history	6.61%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Reduced	174,218	-6,620	$14,963,584	−2.3%	6+	before history	5.99%
SPYG	State Street(R) SPDR(R) Portfolio S&P 500(R) Growth ETF	Reduced	180,058	-16,271	$11,338,252	+2.4%	6+	before history	4.54%
IJR	iShares Core S&P Small-Cap ETF	Reduced	94,147	-3,527	$10,636,728	—	6+	before history	4.26%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	Reduced	152,996	-5,188	$9,259,317	—	6+	before history	3.71%
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	Added	105,645	+2,997	$8,737,897	+3.2%	2	unpriced	3.50%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	219,610	-10,144	$8,079,451	−0.5%	6+	before history	3.23%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	150,794	-6,228	$6,861,127	−0.2%	6+	before history	2.75%
SPTM	State Street(R) SPDR(R) Portfolio S&P 1500(R) Composite Stock Market ETF	Reduced	125,271	-5,685	$6,635,604	+3.0%	6+	before history	2.66%
IXUS	iShares Core MSCI Total International Stock ETF	Reduced	83,595	-3,633	$6,127,513	—	3	unpriced	2.45%
SGOL	abrdn Gold ETF Trust	Reduced	289,583	-10,181	$4,920,015	+0.1%	6+	before history	1.97%
FREL	Fidelity MSCI Real Estate Index ETF	Reduced	148,644	-6,902	$4,523,236	+5.8%	6+	before history	1.81%
PFFD	Global X U.S. Preferred ETF	Added	156,345	+3,779	$4,091,548	+5.1%	6+	before history	1.64%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	21,731	-1,433	$3,773,805	−1.6%	6+	before history	1.51%
		Added	122,222	+2,911	$3,744,882	+2.4%	6+	before history	1.50%
FMAT	Fidelity MSCI Materials Index ETF	Reduced	77,343	-8,481	$3,574,020	−5.9%	2	$42.07	1.43%
FDIS	Fidelity MSCI Consumer Discretionary Index ETF	Reduced	42,908	-4,236	$3,479,409	−3.3%	3	$66.38	1.39%
FTEC	Fidelity MSCI Information Technology Index ETF	Reduced	29,512	-2,872	$3,476,218	+1.4%	6+	before history	1.39%
FUTY	Fidelity MSCI Utilities Index ETF	Reduced	82,691	-8,435	$3,392,811	−10.3%	6+	before history	1.36%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Reduced	23,010	-1,470	$3,232,905	−2.1%	6+	before history	1.29%
VBK	VANGUARD SMALL-CAP GROWTH INDEX FUND	Reduced	10,200	-630	$2,955,858	−0.6%	6+	before history	1.18%
MVV	ProShares Ultra MidCap400	Reduced	43,156	-1,504	$2,771,478	+2.7%	5	unpriced	1.11%
UWM	ProShares Ultra Russell2000	Added	46,239	+22,249	$2,767,404	+3.2%	5	unpriced	1.11%
FSTA	Fidelity MSCI Consumer Staples Index ETF	Reduced	62,838	-1,391	$2,676,898	+0.2%	6+	before history	1.07%
SSO	ProShares Ultra S&P500	Reduced	21,292	-723	$2,540,987	+12.8%	5	unpriced	1.02%
VOT	VANGUARD MID-CAP GROWTH INDEX FUND	Reduced	10,601	-667	$2,505,546	+3.6%	6+	before history	1.00%
QQQ	Invesco Qqq Trust, Series 1	Reduced	6,642	-364	$2,354,124	+5.3%	6+	before history	0.94%
SPTL	State Street(R) SPDR(R) Portfolio Long Term Treasury ETF	Reduced	51,236	-1,516	$2,116,046	+2.9%	6+	before history	0.85%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	53,345	-4,272	$2,109,261	−3.4%	6+	before history	0.84%
SPAB	State Street(R) SPDR(R) Portfolio Aggregate Bond ETF	Added	67,757	+285	$2,033,387	+1.6%	6+	before history	0.81%
BWX	Spdr Series Trust	Reduced	65,721	-2,517	$1,928,911	−3.0%	6+	before history	0.77%
SPTI	State Street(R) SPDR(R) Portfolio Intermediate Term Treasury ETF	Reduced	57,853	-2,177	$1,873,280	−2.7%	6+	before history	0.75%
IVV	iShares Core S&P 500 ETF	Reduced	4,172	-10	$1,793,626	—	6+	before history	0.72%
		Reduced	38,577	-1,169	$1,695,073	+0.9%	6+	before history	0.68%
PFIG	Invesco Fundamental Investment Grade Corporate Bond ETF	Reduced	60,180	-6,921	$1,621,851	−9.3%	6+	before history	0.65%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	33,607	-514	$1,586,586	+1.6%	6+	before history	0.64%
SCHP	Schwab U.S. TIPS ETF	Reduced	24,055	-347	$1,503,678	+0.8%	6+	before history	0.60%
VEA	Vanguard FTSE Developed Markets ETF	Added	23,411	+2,388	$1,206,134	+16.8%	6+	before history	0.48%
RFDI	First Trust Exchange-Traded Fund III	Reduced	16,929	-92	$1,198,065	+7.4%	6+	before history	0.48%
IJH	iShares Core S&P Mid-Cap ETF	Reduced	3,933	-11	$1,056,915	—	6+	before history	0.42%
SCHD	Schwab U.S. Dividend Equity ETF	Reduced	13,201	-620	$998,260	−0.9%	6+	before history	0.40%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	9,226	-373	$955,905	+2.4%	6+	before history	0.38%
USRT	iShares Core U.S. REIT ETF	Reduced	16,358	-384	$954,325	—	6+	before history	0.38%
VUG	VANGUARD GROWTH INDEX FUND	Added	3,232	+423	$926,970	+28.4%	5	unpriced	0.37%
AAPL	Apple Inc. Technology	Added	6,556	+5	$897,909	+12.2%	6+	before history	0.36%
AGG	iShares Core U.S. Aggregate Bond ETF	Reduced	7,214	-4	$831,990	—	6+	before history	0.33%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	2,929	+201	$814,027	+16.8%	6+	before history	0.33%
VTV	VANGUARD VALUE INDEX FUND	Added	5,345	+738	$734,723	+21.3%	5	unpriced	0.29%

Showing the top 50 of 471 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.