Managers / Q1 2020 · view latest →

FormulaFolio Investments, LLC

CIK 0001626982 · 89 IONIA AVE NW, SUITE 600, GRAND RAPIDS, MI, 49503 · 616-667-2150 EXT7004

Reported Value

$1.9B

Q1 2020

Positions

283

Filings on Record

2019–present window

Filed

May 14, 2020

original filing

Summary

Formulafolio Investments, LLC reported $1.9B in U.S.-listed holdings across 283 positions for Q1 2020.

The portfolio is heavily concentrated: SPTI alone accounts for 28.3% of reported value.

Compared with Q4 2019, the fund opened 26 new positions and exited 105.

Portfolio Metrics

Turnover

+33.6%

vs prior filed quarter

Top-10 Concentration

+88.5%

share of reported value

Largest Position

+28.3%

Spdr

New / Exited

26 / 105

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 75.5% · $1.4B
Other · 18.6% · $349M
Common Stock · 5.7% · $107M
REIT · 0.1% · $2M
ADR · 0.0% · $775,000
Closed-End Fund · 0.0% · $176,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
FSTA FIDELITY COVINGTON TR	NEW	+451.6K	451.6K	+$15M	$15M
FENY FIDELITY COVINGTON TR	NEW	+1.83M	1.83M	+$14M	$14M
VGSH VANGUARD SCOTTSDALE FDS	NEW	+130.0K	130.0K	+$8M	$8M
GNMA ISHARES TR	NEW	+62.4K	62.4K	+$3M	$3M
PALL ABERDEEN STD PALLADIUM ETF T	NEW	+6.7K	6.7K	+$1M	$1M
FTSM FIRST TR EXCHANGE-TRADED FD	NEW	+13.8K	13.8K	+$813,000	$813,000
RAVI FLEXSHARES TR	NEW	+10.9K	10.9K	+$810,000	$810,000
BAR GRANITESHARES GOLD TR	NEW	+42.4K	42.4K	+$666,000	$666,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

179 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SPTI SPDR SER TR	PORTFLI INTRMDIT · PORTFOLIO S&P500 · PORTFOLI S&P1500 · PORTFOLIO LN TSR · PRTFLO S&P500 GW · BLOMBERG INTL TR · PORTFOLIO SH TSR · PORTFOLIO AGRGTE · PRTFLO S&P500 VL · PORTFLI MORTGAGE · BLOOMBERG BRCLYS · PORTFOLIO S&P600 · PORTFOLIO S&P400 · BLOMBERG 1 10 YR · FTSE INT GVT ETF	28.32%	$530M	16.03M
2	IGIB ISHARES TR	INTRM TR CRP ETF · CORE S&P SCP ETF · IBOXX INV CP ETF · BARCLAYS 7 10 YR · CORE US AGGBD ET · CORE S&P500 ETF · SHORT TREAS BD · CONV BD ETF · CORE DIV GRWTH · CORE S&P MCP ETF · IBOXX HI YD ETF · CORE MSCI EAFE · 20 YR TR BD ETF · CALIF MUN BD ETF · NATIONAL MUN ETF · US TREAS BD ETF · INTL TREA BD ETF · 0-5YR HI YL CP · GNMA BOND ETF · MORTGE REL ETF · S&P 500 GRWT ETF · TIPS BD ETF · U.S. REAL ES ETF · GLOBAL REIT ETF · RUSSELL 2000 ETF · MSCI ACWI ETF · 1 3 YR TREAS BD · CRE U S REIT ETF · MBS ETF · 3 7 YR TREAS BD · S&P 500 VAL ETF · SH TR CRPORT ETF · MSCI EAFE ETF · FLTG RATE NT ETF · S&P SML 600 GWT · S&P MC 400GR ETF	21.21%	$397M	5.89M
3	NORTHERN LTS FD TR IV	FRMLAFOLIOS TATL · FRMLAFLIO TACT · FORMULA FOLIOS · FRMLAFLIO SMRT	18.59%	$348M	15.29M
4	FREL FIDELITY COVINGTON TR	MSCI RL EST ETF · MSCI HLTH CARE I · CONSMR STAPLES · MSCI FINLS IDX · MSCI ENERGY IDX · MSCI INFO TECH I · MSCI UTILS INDEX	6.82%	$128M	6.32M
5	DBX ETF TR	XTRACK USD HIGH	3.18%	$59M	1.35M
6	BND VANGUARD BD INDEX FDS	TOTAL BND MRKT · INTERMED TERM	3.16%	$59M	691.5K
7	SCHM SCHWAB STRATEGIC TR	US MID-CAP ETF · US TIPS ETF · US DIVIDEND EQ · INTRM TRM TRES · US AGGREGATE B · US LRG CAP ETF · US BRD MKT ETF · INTL EQTY ETF · US SML CAP ETF · US LCAP GR ETF · US REIT ETF · EMRG MKTEQ ETF · US LCAP VA ETF	2.63%	$49M	1.03M
8	ABERDEEN STD GOLD ETF TR	PHYSCL GOLD SHS	1.93%	$36M	2.39M
9	SPDW SPDR INDEX SHS FDS	PORTFOLIO DEVLPD · PORTFOLIO EMG MK · DJ GLB RL ES ETF	1.49%	$28M	1.08M
10	QQQ INVESCO QQQ TR history →	UNIT SER 1	1.16%	$22M	113.9K
11	AAPL APPLE INC history →	COM	0.60%	$11M	44.1K
12	VGSH VANGUARD SCOTTSDALE FDS	SHORT TERM TREAS · INTER TERM TREAS	0.60%	$11M	174.1K
13	PFFD GLOBAL X FDS	US PFD ETF · NASDAQ 100 COVER	0.59%	$11M	533.6K
14	PFIG INVESCO EXCHANGE-TRADED FD T	FNDMNTL IG CRP · FNDMNTL HY CRP · S&P500 EQL HLT	0.51%	$10M	395.2K
15	ISHARES GOLD TRUST	ISHARES	0.50%	$9M	621.9K
16	PTLC PACER FDS TR	TRENDP US LAR CP · TRENDPILOT INTL · TRENDP 100 ETF · TRENDP US MID CP	0.49%	$9M	331.7K
17	PSEP INNOVATOR ETFS TR	S&P 500 PWR · NASDAQ 100 PWR · S&P 500 PWR BU · MSCI EAFE PWR · MSCI EMGR MKT · S&P 500 PWRETF	0.46%	$9M	357.3K
18	VTI VANGUARD INDEX FDS	TOTAL STK MKT · MCAP GR IDXVIP · SML CP GRW ETF · S&P 500 ETF SHS · SM CP VAL ETF · MCAP VL IDXVIP · REAL ESTATE ETF	0.41%	$8M	62.5K
19	MSFT MICROSOFT CORP	COM	0.29%	$5M	34.0K
20	IEMG ISHARES INC	CORE MSCI EMKT	0.28%	$5M	131.6K
21	YYY AMPLIFY ETF TR	HIGH INCOME · BLACKSWAN GRWT	0.28%	$5M	389.8K
22	SPY SPDR S&P 500 ETF TR	TR UNIT	0.25%	$5M	18.2K
23	WMT WALMART INC	COM	0.24%	$4M	39.6K
24	VT VANGUARD INTL EQUITY INDEX F	TT WRLD ST ETF · FTSE EMR MKT ETF	0.22%	$4M	68.2K
25	AMZN AMAZON COM INC	COM	0.21%	$4M	2.0K
26	JNJ JOHNSON & JOHNSON	COM	0.18%	$3M	26.3K
27	MCD MCDONALDS CORP	COM	0.16%	$3M	18.4K
28	DIS DISNEY WALT CO	COM DISNEY	0.13%	$2M	25.1K
29	ONEQ FIDELITY COMWLTH TR	NDQ CP IDX TRK	0.12%	$2M	7.8K
30	HD HOME DEPOT INC	COM	0.12%	$2M	11.8K
31	XLV SELECT SECTOR SPDR TR	SBI HEALTHCARE · TECHNOLOGY · SBI INT-FINL · SBI CONS DISCR	0.12%	$2M	35.5K
32	VZ VERIZON COMMUNICATIONS INC	COM	0.11%	$2M	38.9K
33	GOOGL ALPHABET INC	CAP STK CL A · CAP STK CL C	0.10%	$2M	1.6K
34	ABBV ABBVIE INC	COM	0.10%	$2M	24.1K
35	LMT LOCKHEED MARTIN CORP	COM	0.09%	$2M	5.2K
36	WORLD GOLD TR	SPDR GLD MINIS	0.09%	$2M	108.3K
37	T AT&T INC	COM	0.09%	$2M	57.7K
38	PG PROCTER & GAMBLE CO	COM	0.09%	$2M	15.2K
39	BRK/B BERKSHIRE HATHAWAY INC DEL	CL B NEW	0.09%	$2M	9.1K
40	WM WASTE MGMT INC DEL	COM	0.09%	$2M	17.5K
41	JPM JPMORGAN CHASE & CO	COM	0.08%	$2M	17.4K
42	V VISA INC	COM CL A	0.08%	$2M	9.4K
43	PALL ABERDEEN STD PALLADIUM ETF T	PHYSCL PALLADM	0.08%	$1M	6.7K
44	TMO THERMO FISHER SCIENTIFIC INC	COM	0.08%	$1M	5.1K
45	EXMOC EXXON MOBIL CORP	COM	0.08%	$1M	37.2K
46	FTSM FIRST TR EXCHANGE-TRADED FD	FIRST TR ENH NEW · HLTH CARE ALPH	0.07%	$1M	21.3K
47	NEE NEXTERA ENERGY INC	COM	0.07%	$1M	5.5K
48	CORP PIMCO ETF TR	INV GRD CRP BD	0.07%	$1M	12.5K
49	PEP PEPSICO INC	COM	0.07%	$1M	10.5K
50	PFE PFIZER INC	COM	0.06%	$1M	37.2K
51	COST COSTCO WHSL CORP NEW	COM	0.06%	$1M	4.2K
52	INTC INTEL CORP	COM	0.06%	$1M	21.8K
53	DUK DUKE ENERGY CORP NEW	COM NEW	0.06%	$1M	14.5K
54	VPU VANGUARD WORLD FDS	UTILITIES ETF · HEALTH CAR ETF · INF TECH ETF	0.06%	$1M	7.4K
55	HALO HALOZYME THERAPEUTICS INC	COM	0.06%	$1M	60.3K
56	RFDI FIRST TR EXCH TRADED FD III	RIVRFRNT DYN DEV	0.06%	$1M	22.8K
57	HON HONEYWELL INTL INC	COM	0.05%	$1M	7.6K
58	CVX CHEVRON CORP NEW	COM	0.05%	$1M	14.0K
59	META FACEBOOK INC	CL A	0.05%	$1M	6.1K
60	LOW LOWES COS INC	COM	0.05%	$992,000	11.5K
61	GLD SPDR GOLD TRUST	GOLD SHS	0.05%	$959,000	6.5K
62	FISV FISERV INC	COM	0.05%	$958,000	10.1K
63	MRK MERCK & CO. INC	COM	0.05%	$951,000	12.4K
64	LLY LILLY ELI & CO	COM	0.05%	$937,000	6.8K
65	ABT ABBOTT LABS	COM	0.05%	$930,000	11.8K
66	CRM SALESFORCE COM INC	COM	0.05%	$910,000	6.3K
67	UPS UNITED PARCEL SERVICE INC	CL B	0.05%	$896,000	9.6K
68	BA BOEING CO	COM	0.05%	$852,000	5.7K
69	NVDA NVIDIA CORP	COM	0.05%	$846,000	3.2K
70	UNH UNITEDHEALTH GROUP INC	COM	0.04%	$836,000	3.4K
71	UNP UNION PAC CORP	COM	0.04%	$828,000	5.9K
72	RAVI FLEXSHARES TR	READY ACC VARI	0.04%	$810,000	10.9K
73	ADBE ADOBE INC	COM	0.04%	$766,000	2.4K
74	O REALTY INCOME CORP	COM	0.04%	$750,000	15.0K
75	TROW PRICE T ROWE GROUP INC	COM	0.04%	$742,000	7.6K
76	D DOMINION ENERGY INC	COM	0.04%	$727,000	10.1K
77	PM PHILIP MORRIS INTL INC	COM	0.04%	$683,000	9.4K
78	BAR GRANITESHARES GOLD TR	SHS BEN INT	0.04%	$666,000	42.4K
79	CSCO CISCO SYS INC	COM	0.03%	$644,000	16.4K
80	DHR DANAHER CORPORATION	COM	0.03%	$642,000	4.6K
81	RAYTHEON CO	COM NEW	0.03%	$636,000	4.9K
82	MA MASTERCARD INC	CL A	0.03%	$633,000	2.6K
83	CAT CATERPILLAR INC DEL	COM	0.03%	$630,000	5.4K
84	MMM 3M CO	COM	0.03%	$629,000	4.6K
85	GGG GRACO INC	COM	0.03%	$616,000	12.6K
86	DOG PROSHARES TR	SHORT S&P 500 NE · PSHS SHORT DOW30	0.03%	$600,000	16.7K
87	PSX PHILLIPS 66	COM	0.03%	$595,000	11.1K
88	AMD ADVANCED MICRO DEVICES INC	COM	0.03%	$583,000	12.8K
89	KO COCA COLA CO	COM	0.03%	$576,000	13.0K
90	MO ALTRIA GROUP INC	COM	0.03%	$568,000	14.7K
91	IRM IRON MTN INC NEW	COM	0.03%	$563,000	23.7K
92	NOC NORTHROP GRUMMAN CORP	COM	0.03%	$560,000	1.9K
93	DE DEERE & CO	COM	0.03%	$560,000	4.0K
94	TGT TARGET CORP	COM	0.03%	$559,000	6.0K
95	MGK VANGUARD WORLD FD	MEGA GRWTH IND	0.03%	$524,000	4.1K
96	AMERICAN EQTY INVT LIFE HLD	COM	0.03%	$501,000	26.6K
97	ADP AUTOMATIC DATA PROCESSING IN	COM	0.03%	$500,000	3.7K
98	ENB ENBRIDGE INC	COM	0.03%	$484,000	16.6K
99	BMY BRISTOL-MYERS SQUIBB CO	COM	0.03%	$483,000	8.7K
100	ALL ALLSTATE CORP	COM	0.03%	$482,000	5.3K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q2 2021	$299M	524	Jul 28, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$308M	502	May 28, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$2.6B	315	Oct 15, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$2.5B	288	Aug 18, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$1.9B	283	May 14, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$2.8B	362	Jan 15, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$2.6B	337	Oct 23, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$2.4B	316	Aug 12, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$2.3B	328	May 8, 2019	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.