Formulate Financial Llc Portfolio Activity in Q2 2026

Formulate Financial Llc saw its total portfolio value reach approximately $95 million as of June 30th, 2026. This filing details the specific changes observed in their holdings during this period.

Prominent Purchases

The fund demonstrated a clear preference for broad market and sector-specific exchange-traded funds (ETFs), significantly increasing positions in several large ETFs:

• IWF experienced the most substantial increase, with a nearly 300% rise in holdings and a corresponding +298.49% change in its value within Formulate Financial Llc's portfolio.
• VUG was another major purchase, showing significant growth (+500%) both in shares and portfolio allocation percentage (1.43%), suggesting confidence in its specialized focus.
• JNJ, the stock of Johnson & Johnson, saw a substantial increase (+69.13%) in portfolio allocation from just under 0.4% to its current level.
• GOOGL also showed significant buying activity, with holdings increasing by +100% and a corresponding rise in portfolio allocation percentage from 0.22% to its current level.

Notable Sales & Reductions

In contrast to the large ETF purchases, Formulate Financial Llc also reduced exposure across several holdings:

• The Vanguard fund VIG saw a slight reduction in shares (-0.96%) and its portfolio allocation decreased from approximately 11% to the current level.
• IWB, tracking the Industrial sector, experienced an increase of +0.8%, though this was relatively modest compared to other changes.
• Several smaller holdings were either sold out completely or saw significant reductions:
• The fund exited its position in ETN, a stock representing Eaton Corporation PLC, with an almost 50% reduction (-49.48%) and the complete removal of shares from their portfolio.
• Holdings in PFF, tracking iShares $ Preferred & REIT Index Fund, were reduced by -0.19%, though it remains a small part of the overall allocation (0.49%).
• VONE, Vanguard's Scottsdale fund, remained unchanged in both shares and portfolio value during this period.

Overall Portfolio Shifts

The changes observed reflect a dynamic quarter for Formulate Financial Llc. The largest single holding remains VOO at 18.45% allocation, followed closely by QQQ (15.63%) and SPY (11.66%).

• Across the portfolio, there were changes in holdings for 26 different stocks/ETFs.
• The top five holdings accounted for approximately 67.5% of the total portfolio value as of June 30th, indicating a concentrated strategy focused on large-cap growth and broad market exposure.

These changes highlight Formulate Financial Llc's active management style during Q2 2026, focusing primarily on adjustments within their ETF holdings rather than fundamental stock purchases or sales outside of these categories. For more detailed information about the fund's portfolio and its investment strategy, please refer to Formulate Financial Llc's disclosures.