FORMULATE FINANCIAL LLC

CIK

2093400

Location

BOCA RATON, FL

Portfolio Value

Micro $29,541,898

Diversification

Highly concentrated

Filing Date

Global Rank

#7,427 / 8,604 ▲ 25 · as of Mar 2026

Top Industry

Software - Infrastructure 25.7%

3Y Alpha vs SPY

-3.8%

Period ended 3 months ago

Filed Apr 29, 2026 · 2mo

3 quarters · since Sep 2025

Clone Performance

Nov 2025–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+9.3%

SPY

+11.9%

Annualised alpha

-4.3%

Max drawdown

−11.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

15 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

38.3%

+1.0 pts

Top 5

86.0%

+1.0 pts

Top 10

96.0%

+1.2 pts

HHI

2,594

Highly concentrated+158

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	70.0%	$20,679,639	2
Technology	16.2%	$4,779,547	5
Consumer Cyclical	5.5%	$1,624,800	2
Industrials	2.8%	$832,655	1
Financial Services	2.1%	$620,564	1
Healthcare	1.7%	$491,349	2
Utilities	0.9%	$278,918	1
Consumer Defensive	0.8%	$234,426	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
SPY	Spdr S&P 500 ETF Trust	+330	14,396	$9,362,294
QQQ	Invesco Qqq Trust, Series 1	+105	19,608	$11,317,345
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
IBM	International Business Machines Corp	−233	1,062	$257,418
AMZN	Amazon Com Inc	−191	6,606	$1,375,831
AVGO	Broadcom Inc.	−147	777	$240,489
JNJ	Johnson & Johnson	−110	865	$211,440
MSFT	Microsoft Corp	−75	6,149	$2,276,175
ETN	Eaton Corp plc	−60	2,328	$832,655
NVDA	Nvidia Corp	−5	6,080	$1,060,352
HD	Home Depot, Inc.	−2	757	$248,969
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
WFC	Wells Fargo & Company/Mn	2,170	$202,244
OBDC	Blue Owl Capital Corp	14,670	$182,348
CRWD	CrowdStrike Holdings, Inc.	659	$77,228
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

15 positions · $29,541,898 total · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	19,608	+105	$11,317,345	−5.5%	38.31%
SPY	Spdr S&P 500 ETF Trust	Added	14,396	+330	$9,362,294	−2.4%	31.69%
MSFT	Microsoft Corp Technology	Reduced	6,149	-75	$2,276,175	−24.4%	7.70%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	6,606	-191	$1,375,831	−12.3%	4.66%
NVDA	Nvidia Corp Technology	Reduced	6,080	-5	$1,060,352	−6.6%	3.59%
AAPL	Apple Inc. Technology	Held	3,724	0	$945,113	−6.6%	3.20%
ETN	Eaton Corp plc Industrials	Reduced	2,328	-60	$832,655	+9.5%	2.82%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,295	0	$620,564	−4.7%	2.10%
ABBV	AbbVie Inc. Healthcare	Held	1,287	0	$279,909	−4.8%	0.95%
NEE	Nextera Energy Inc Utilities	Held	3,003	0	$278,918	+15.7%	0.94%
IBM	International Business Machines Corp Technology	Reduced	1,062	-233	$257,418	−32.9%	0.87%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	757	-2	$248,969	−4.7%	0.84%
AVGO	Broadcom Inc. Technology	Reduced	777	-147	$240,489	−24.8%	0.81%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	1,623	0	$234,426	+0.8%	0.79%
JNJ	Johnson & Johnson Healthcare	Reduced	865	-110	$211,440	+4.8%	0.72%