FormulaFolio Investments, LLC

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CIK 1626982

13F portfolio (2021-Q2)

$299M

Positions

495

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2021-Q1. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2021-Q2)

Holdings

470

Top 5

36.7%

Top 10

52.8%

Effective N

25.1

HHI

0.040

This quarter

69 new · 0 exit →

By sector

Unclassified97.3%

Information Technology0.7%

Financials0.5%

Consumer Discretionary0.4%

Health Care0.3%

Industrials0.2%

Communication Services0.2%

Materials0.1%

Other0.2%

By market cap

Unknown97.4%

Mega (>$200B)1.4%

Large ($10–200B)1.1%

Mid ($2–10B)0.1%

Small ($300M–2B)0.0%

Micro (<$300M)0.0%

By region

Other97.3%

North America2.7%

Middle East0.0%

Europe0.0%

Asia-Pacific0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	97.61%	218
Technology Hardware & Equipment	0.36%	8
Specialty Retail	0.20%	12
Software	0.16%	9
Banks	0.15%	16
Software & IT Services	0.14%	12
Aerospace & Defense	0.14%	9
Health Care Equipment & Supplies	0.13%	11
Pharmaceuticals & Biotechnology	0.12%	17
Automobiles & Components	0.12%	3
Semiconductors & Semiconductor Equipment	0.12%	8
Utilities	0.11%	23
Entertainment	0.10%	1
Chemicals	0.07%	11
Oil, Gas & Consumable Fuels	0.07%	5
Commercial Services & Supplies	0.06%	9
Insurance	0.05%	17
Distributors	0.05%	4
Machinery	0.04%	9
Hotels, Restaurants & Leisure	0.03%	5
Metals & Mining	0.03%	6
Diversified Telecommunication Services	0.03%	5
Beverages	0.02%	2
Food Products	0.02%	8
Airlines	0.01%	2
Equity Real Estate Investment Trusts (REITs)	0.01%	8
Media & Entertainment	0.01%	3
Life Sciences Tools & Services	0.01%	6
Capital Markets	0.01%	5
Road & Rail	0.01%	3
Electrical Equipment & Components	0.01%	2
Paper & Forest Products	0.01%	3
Health Care Providers & Services	0.00%	1
Communications Equipment	0.00%	2
Transportation Infrastructure	0.00%	2
Household Durables	0.00%	1
Tobacco	0.00%	1
Marine	0.00%	1
Textiles, Apparel & Luxury Goods	0.00%	1
Leisure Products	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1		NORTHERN LTS FD TR IV	Unclassified	10.32%
2	HYLB	DBX ETF TR	Unclassified	9.43%
3	SCHM	SCHWAB STRATEGIC TR	Unclassified	6.42%
4	SPYM	SPDR SERIES TRUST	Unclassified	5.53%
5	BND	VANGUARD BD INDEX FDS	Unclassified	5.01%
6	SPYG	SPDR SERIES TRUST STATE STREET SPD	Unclassified	3.80%
7	IJR	ISHARES TR	Unclassified	3.56%
8	IGIB	ISHARES TR	Unclassified	3.10%
9	VCSH	VANGUARD SCOTTSDALE FDS	Unclassified	2.93%
10	SPDW	SPDR INDEX SHS FDS	Unclassified	2.70%

253/470 names classified · sector 2.7% of weight · industry 2.4% · mkt cap 2.6%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 27 quarters

Consumer DiscretionaryWMT, LOW, AMZN, MCK, AN · other

Information TechnologyAAPL, MSFT, WDC, QCOM, FOSL · other

FinancialsFITB, PRU, TRV, HIG, PFG · other

IndustrialsHON, LMT, LUV, UNP, CSX · other

UtilitiesDUK, D, CMS, EIX, PNW · other

Health CareABBV, UHS, EW, THC, DVA · other

Communication ServicesT, DIS, VZ, META, GOOGL · other

EnergyXOM, CVX, COP, ENB, SLB · other

Consumer StaplesMO, PM, PEP, CVS, KR · other

MaterialsAVY, CL, KMB, IFF, NWL · other

Real EstateO, IRM, PSA, EQR, VTR · other

UnclassifiedNORTHERN LTS FD TR IV, IVV, SHY, IYR, SPTI · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 2.7% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2021-Q2), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

Only 2% of book weight classified — the grid is NOT representative of the whole book.

holdings, colored by sector (231 classified)FormulaFolio Investments, LLC centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsHealth CareIndustrialsCommunication ServicesUtilitiesMaterialsEnergyConsumer StaplesReal Estate

Style box summary for FormulaFolio Investments, LLC: centroid Large Core. Heaviest cells: Large Growth 0.9%, Large Core 0.4%, Large Value 0.4%.

Classified: 2.3% of book weight (231/440 names) · unclassified 97.7%: , HYLB, SCHM, SPYM, BND, SPYG, IJR, IGIB, VCSH, SPDW +199 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 495 positions (2021-Q2) · largest first · Δ vs 2021-Q1

#	Security	Shares	Value	Weight	Δ QoQ
1	NORTHERN LTS FD TR IV	1,272,715	$31M	10.3%	TRIM −8%
2	HYLBDBX ETF TR	698,581	$28M	9.4%	TRIM −3%
3	SCHMSCHWAB STRATEGIC TR	245,102	$19M	6.4%	TRIM −5%
4	SPYMSPDR SERIES TRUST	328,055	$17M	5.5%	TRIM −4%
5	BNDVANGUARD BD INDEX FDS	174,218	$15M	5.0%	TRIM −4%
6	SPYGSPDR SERIES TRUST STATE STREET SPD	180,058	$11M	3.8%	TRIM −8%
7	IJRISHARES TR	94,147	$11M	3.6%	TRIM −4%
8	IGIBISHARES TR	152,996	$9M	3.1%	TRIM −3%
9	VCSHVANGUARD SCOTTSDALE FDS	105,645	$9M	2.9%	ADD 3%
10	SPDWSPDR INDEX SHS FDS	219,610	$8M	2.7%	TRIM −4%
11	SPEMSPDR INDEX SHS FDS	150,794	$7M	2.3%	TRIM −4%
12	SPTMSPDR SERIES TRUST	125,271	$7M	2.2%	TRIM −4%
13	NORTHERN LTS FD TR IV	206,990	$6M	2.1%	TRIM −9%
14	IXUSISHARES TR	83,595	$6M	2.1%	TRIM −4%
15	NORTHERN LTS FD TR IV	164,925	$6M	2.0%	TRIM −6%
16	SGOLETFS GOLD TR	289,583	$5M	1.6%	TRIM −3%
17	NORTHERN LTS FD TR IV	134,153	$5M	1.6%	TRIM −6%
18	FRELFIDELITY COVINGTON TRUST	148,644	$5M	1.5%	TRIM −4%
19	PFFDGLOBAL X FDS	156,345	$4M	1.4%	ADD 2%
20	VBRVANGUARD INDEX FDS	21,731	$4M	1.3%	TRIM −6%
21	SPTSSPDR SERIES TRUST	122,222	$4M	1.3%	ADD 2%
22	FMATFIDELITY COVINGTON TRUST	77,343	$4M	1.2%	TRIM −10%
23	FDISFIDELITY COVINGTON TRUST	42,908	$3M	1.2%	TRIM −9%
24	FTECFIDELITY COVINGTON TRUST	29,512	$3M	1.2%	TRIM −9%
25	FUTYFIDELITY COVINGTON TRUST	82,691	$3M	1.1%	TRIM −9%
26	VOEVANGUARD INDEX FDS	23,010	$3M	1.1%	TRIM −6%
27	VBKVANGUARD INDEX FDS	10,200	$3M	1.0%	TRIM −6%
28	MVVPROSHARES TR	43,156	$3M	0.9%	TRIM −3%
29	UWMPROSHARES TR	46,239	$3M	0.9%	ADD 93%
30	FSTAFIDELITY COVINGTON TRUST	62,838	$3M	0.9%	TRIM −2%
31	SSOPROSHARES TR	21,292	$3M	0.9%	TRIM −3%
32	VOTVANGUARD INDEX FDS	10,601	$3M	0.8%	TRIM −6%
33	QQQINVESCO QQQ TR	6,642	$2M	0.8%	TRIM −5%
34	SPTLSPDR SERIES TRUST	51,236	$2M	0.7%	TRIM −3%
35	SPYVSPDR SERIES TRUST	53,345	$2M	0.7%	TRIM −7%
36	SPABSPDR SERIES TRUST	67,757	$2M	0.7%	HOLD
37	BWXSPDR SERIES TRUST	65,721	$2M	0.6%	TRIM −4%
38	SPTISPDR SERIES TRUST	57,853	$2M	0.6%	TRIM −4%
39	IVVISHARES TR	4,172	$2M	0.6%	HOLD
40	SPSMSPDR SERIES TRUST	38,577	$2M	0.6%	TRIM −3%
41	PFIGINVESCO EXCH TRADED FD TR II	60,180	$2M	0.5%	TRIM −10%
42	SPMDSPDR SERIES TRUST	33,607	$2M	0.5%	HOLD
43	SCHPSCHWAB STRATEGIC TR	24,055	$2M	0.5%	HOLD
44	VEAVANGUARD TAX-MANAGED FDS	23,411	$1M	0.4%	ADD 11%
45	RFDIFIRST TR EXCH TRADED FD III	16,929	$1M	0.4%	HOLD
46	IJHISHARES TR	3,933	$1M	0.4%	HOLD
47	SCHDSCHWAB STRATEGIC TR	13,201	$998,000	0.3%	TRIM −4%
48	VTVANGUARD INTL EQUITY INDEX F	9,226	$956,000	0.3%	TRIM −4%
49	USRTISHARES TR	16,358	$954,000	0.3%	TRIM −2%
50	VUGVANGUARD INDEX FDS	3,232	$927,000	0.3%	ADD 15%
51	AAPLAPPLE INC	6,556	$898,000	0.3%	HOLD
52	AGGISHARES TR	7,214	$832,000	0.3%	HOLD
53	BRK.BBERKSHIRE HATHAWAY INC DEL	2,929	$814,000	0.3%	ADD 7%
54	VTVVANGUARD INDEX FDS	5,345	$735,000	0.2%	ADD 16%
55	VWOVANGUARD INTL EQUITY INDEX F	9,545	$518,000	0.2%	ADD 8%
56	World Gold TR	26,042	$459,000	0.2%	TRIM −5%
57	MUBISHARES TR	3,911	$458,000	0.2%	ADD 8%
58	TIPXSPDR SERIES TRUST	20,871	$441,000	0.1%	TRIM −24%
59	BNDXVANGUARD CHARLOTTE FDS	7,179	$410,000	0.1%	TRIM −8%
60	GOVTISHARES TR	14,934	$397,000	0.1%	HOLD
61	MSFTMICROSOFT CORP	1,444	$391,000	0.1%	HOLD
62	WIPSPDR SERIES TRUST	6,908	$390,000	0.1%	HOLD
63	AMLPALPS ETF TR	10,529	$383,000	0.1%	NEW
64	BSVVANGUARD BD INDEX FDS	4,365	$359,000	0.1%	TRIM −8%
65	AMZNAMAZON COM INC	104	$358,000	0.1%	HOLD
66	ACWIISHARES TR	3,497	$354,000	0.1%	TRIM −9%
67	SPYDSPDR SERIES TRUST	8,749	$351,000	0.1%	TRIM −10%
68	VNQVANGUARD INDEX FDS	3,444	$351,000	0.1%	HOLD
69	TSLATESLA INC	510	$347,000	0.1%	HOLD
70	REMISHARES TR	9,320	$346,000	0.1%	HOLD
71	YYYAMPLIFY ETF TR	19,413	$342,000	0.1%	HOLD
72	KBWDINVESCO EXCH TRADED FD TR II	16,497	$340,000	0.1%	HOLD
73	IDVISHARES TR	10,349	$335,000	0.1%	HOLD
74	DFUSDIMENSIONAL ETF TRUST	6,391	$301,000	0.1%	NEW
75	IEFAISHARES TR	4,022	$301,000	0.1%	HOLD
76	DISDISNEY WALT CO	1,636	$288,000	0.1%	HOLD
77	AMATAPPLIED MATLS INC	1,609	$229,000	0.1%	HOLD
78	JNJJOHNSON & JOHNSON	1,379	$227,000	0.1%	HOLD
79	VBVANGUARD INDEX FDS	1,008	$227,000	0.1%	ADD 12%
80	LQDISHARES TR	1,672	$225,000	0.1%	HOLD
81	ITOTISHARES TR	2,214	$219,000	0.1%	HOLD
82	IEMGISHARES INC	3,218	$216,000	0.1%	HOLD
83	VMBSVANGUARD SCOTTSDALE FDS	3,939	$210,000	0.1%	TRIM −8%
84	SPYSTATE STR SPDR S&P 500 ETF T	488	$209,000	0.1%	TRIM −5%
85	THE NECESSITY RETAIL REIT IN	24,311	$206,000	0.1%	HOLD
86	TLTISHARES TR	1,335	$193,000	0.1%	HOLD
87	IYRISHARES TR	1,877	$191,000	0.1%	HOLD
88	BLVVANGUARD BD INDEX FDS	1,852	$191,000	0.1%	TRIM −8%
89	BIVVANGUARD BD INDEX FDS	2,112	$190,000	0.1%	TRIM −8%
90	ADPAUTOMATIC DATA PROCESSING IN	930	$185,000	0.1%	HOLD
91	FSKFS KKR CAP CORP	7,294	$157,000	0.1%	NEW
92	ESGVVanguard ESG US Stock - ETF	1,921	$154,000	0.1%	HOLD
93	XLISELECT SECTOR SPDR TR	1,345	$138,000	0.0%	HOLD
94	CVXCHEVRON CORP NEW	1,241	$130,000	0.0%	NEW
95	TTTRANE TECHNOLOGIES PLC	698	$129,000	0.0%	HOLD
96	SHYGISHARES TR	2,767	$127,000	0.0%	TRIM −13%
97	CBSHCOMMERCE BANCSHARES INC	1,674	$125,000	0.0%	NEW
98	BSXBOSTON SCIENTIFIC CORP	2,681	$115,000	0.0%	HOLD
99	TELTE CONNECTIVITY LTD	850	$115,000	0.0%	HOLD
100	VOOVANGUARD INDEX FDS	290	$114,000	0.0%	HOLD
101	IEFISHARES TR	962	$111,000	0.0%	HOLD
102	XLKSELECT SECTOR SPDR TR	735	$109,000	0.0%	HOLD
103	BABOEING CO	445	$107,000	0.0%	TRIM −9%
104	ESMLISHARES TR	2,655	$107,000	0.0%	HOLD
105	SPLVINVESCO EXCH TRADED FD TR II	1,748	$106,000	0.0%	TRIM −6%
106	VVISA INC	451	$105,000	0.0%	HOLD
107	DFASDIMENSIONAL ETF TRUST	1,776	$104,000	0.0%	NEW
108	VTCVANGUARD SCOTTSDALE FDS	1,134	$104,000	0.0%	HOLD
109	TFXTELEFLEX INCORPORATED	254	$102,000	0.0%	HOLD
110	NOCNORTHROP GRUMMAN CORP	273	$99,000	0.0%	HOLD
111	ALBALBEMARLE CORP	560	$94,000	0.0%	HOLD
112	LMTLOCKHEED MARTIN CORP	241	$91,000	0.0%	NEW
113	RFREGIONS FINANCIAL CORP NEW	4,396	$89,000	0.0%	HOLD
114	TXTTEXTRON INC	1,262	$87,000	0.0%	HOLD
115	ARKKARK ETF TR	642	$84,000	0.0%	HOLD
116	SPIRIT REALTY	1,760	$84,000	0.0%	HOLD
117	AEEAMEREN CORP	1,030	$82,000	0.0%	HOLD
118	METAMETA PLATFORMS INC	237	$82,000	0.0%	HOLD
119	CFGCITIZENS FINL GROUP INC	1,768	$81,000	0.0%	HOLD
120	SDYSPDR SER TR	630	$77,000	0.0%	HOLD
121	DIASPDR DOW JONES INDL AVERAGE	221	$76,000	0.0%	HOLD
122	WDIVSPDR INDEX SHS FDS	1,080	$74,000	0.0%	HOLD
123	CZAINVESCO EXCHANGE TRADED FD T	800	$72,000	0.0%	HOLD
124	DWMWISDOMTREE TR	1,283	$70,000	0.0%	HOLD
125	MCDMCDONALDS CORP	293	$68,000	0.0%	ADD 4%
126	SLVISHARES SILVER TR	2,772	$67,000	0.0%	HOLD
127	ARKGARK ETF TR	718	$66,000	0.0%	HOLD
128	IWFISHARES TR	241	$66,000	0.0%	HOLD
129	HDHOME DEPOT INC	199	$64,000	0.0%	NEW
130	DVYISHARES TR	540	$63,000	0.0%	HOLD
131	TGTTARGET CORP	261	$63,000	0.0%	ADD 6%
132	ISRGINTUITIVE SURGICAL INC	67	$62,000	0.0%	HOLD
133	LNCLINCOLN NATL CORP IND	975	$61,000	0.0%	HOLD
134	VGITVANGUARD SCOTTSDALE FDS	884	$60,000	0.0%	HOLD
135	STIPISHARES TR	554	$59,000	0.0%	HOLD
136	NEENEXTERA ENERGY INC	800	$59,000	0.0%	HOLD
137	SLYGSPDR SERIES TRUST	640	$57,000	0.0%	HOLD
138	GOOGALPHABET INC	22	$55,000	0.0%	HOLD
139	Proshares Short S&P	3,574	$55,000	0.0%	TRIM −46%
140	VEUVANGUARD INTL EQUITY INDEX F	854	$54,000	0.0%	HOLD
141	XOMEXXON MOBIL CORP	845	$53,000	0.0%	ADD 16%
142	NVDANVIDIA CORPORATION	66	$53,000	0.0%	HOLD
143	VCITVANGUARD SCOTTSDALE FDS	561	$53,000	0.0%	HOLD
144	JUNIPER NETWORKS INC COM	1,782	$49,000	0.0%	HOLD
145	PGPROCTER AND GAMBLE CO	360	$49,000	0.0%	HOLD
146	VGLTVANGUARD SCOTTSDALE FDS	521	$46,000	0.0%	HOLD
147	ESEVERSOURCE ENERGY	565	$45,000	0.0%	ADD 5%
148	JPMJPMORGAN CHASE & CO	286	$45,000	0.0%	HOLD
149	INTCINTEL CORP	776	$44,000	0.0%	HOLD
150	WPMWHEATON PRECIOUS METALS CORP	1,000	$44,000	0.0%	HOLD
151	VZVERIZON COMMUNICATIONS INC	740	$41,000	0.0%	ADD 8%
152	IGOVISHARES TR	765	$40,000	0.0%	HOLD
153	TTDTHE TRADE DESK INC	514	$40,000	0.0%	ADD 1613%
154	MDTMEDTRONIC PLC	324	$40,000	0.0%	HOLD
155	BRBROADRIDGE FINL SOLUTIONS IN	240	$39,000	0.0%	HOLD
156	IWMISHARES TR	167	$38,000	0.0%	HOLD
157	TAT&T INC	1,270	$37,000	0.0%	ADD 18%
158	NFLXNETFLIX INC	70	$37,000	0.0%	HOLD
159	VTIVANGUARD INDEX FDS	157	$35,000	0.0%	HOLD
160	DEDEERE & CO	96	$34,000	0.0%	HOLD
161	RSPINVESCO EXCHANGE TRADED FD T	225	$34,000	0.0%	ADD 48%
162	NEMNEWMONT CORP	500	$32,000	0.0%	NEW
163	KOCOCA COLA CO	581	$31,000	0.0%	ADD 18%
164	NSRGYNESTLE S A SPONSORED ADR	245	$31,000	0.0%	HOLD
165	NFJVIRTUS DIVIDEND INTEREST & P	2,025	$31,000	0.0%	HOLD
166	XEVTXEATON VANCE TAX ADVT DIV INC	1,080	$30,000	0.0%	HOLD
167	IRINGERSOLL RAND INC	615	$30,000	0.0%	HOLD
168	IVEISHARES TR	202	$30,000	0.0%	HOLD
169	AMGNAMGEN INC	113	$28,000	0.0%	HOLD
170	GLDSPDR GOLD TR	167	$28,000	0.0%	HOLD
171	WMTWALMART INC	200	$28,000	0.0%	ADD 100%
172	IBMINTERNATIONAL BUSINESS MACHS	177	$26,000	0.0%	ADD 17%
173	MDYSPDR S&P MIDCAP 400 ETF TR	52	$26,000	0.0%	HOLD
174	SASEABRIDGE GOLD INC	1,500	$26,000	0.0%	HOLD
175	SYFSYNCHRONY FINANCIAL	500	$24,000	0.0%	HOLD
176	IAGGISHARES TR	418	$23,000	0.0%	HOLD
177	MMM3M CO	116	$23,000	0.0%	HOLD
178	UNHUNITEDHEALTH GROUP INC	57	$23,000	0.0%	TRIM −41%
179	WENWENDYS CO	1,000	$23,000	0.0%	HOLD
180	DALDELTA AIR LINES INC	500	$22,000	0.0%	HOLD
181	ORCLORACLE CORP	281	$22,000	0.0%	HOLD
182	PEPPEPSICO INC	145	$21,000	0.0%	NEW
183	COSTCOSTCO WHSL CORP NEW	50	$20,000	0.0%	HOLD
184	EPDENTERPRISE PRODS PARTNERS L	800	$19,000	0.0%	HOLD
185	LOWLOWES COS INC	100	$19,000	0.0%	NEW
186	LUVSOUTHWEST AIRLS CO	351	$19,000	0.0%	NEW
187	ARKWARK ETF TR	118	$18,000	0.0%	HOLD
188	HBANHUNTINGTON BANCSHARES INC	1,289	$18,000	0.0%	ADD 24%
189	IDXXIDEXX LABS INC	28	$18,000	0.0%	HOLD
190	NKENIKE INC	118	$18,000	0.0%	HOLD
191	UPSUNITED PARCEL SERVICE INC	85	$18,000	0.0%	HOLD
192	ABTABBOTT LABS	143	$17,000	0.0%	HOLD
193	ABBVABBVIE INC	150	$17,000	0.0%	HOLD
194	WRBBERKLEY W R CORP	225	$17,000	0.0%	HOLD
195	DOCUDOCUSIGN INC	60	$17,000	0.0%	HOLD
196	GEGENERAL ELECTRIC CO	1,287	$17,000	0.0%	HOLD
197	OKEONEOK INC NEW	298	$17,000	0.0%	ADD 49%
198	TFCTRUIST FINL CORP	307	$17,000	0.0%	NEW
199	CDK GLOBAL INC	320	$16,000	0.0%	HOLD
200	ADBEADOBE INC	26	$15,000	0.0%	HOLD

showing the top 200 by weight

☆FormulaFolio Investments, LLC