Managers / Q1 2021 · view latest →

FormulaFolio Investments, LLC

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

Reported Value

$308M

Q1 2021

Positions

502

Filings on Record

2019–present window

Filed

May 28, 2021

original filing

Summary

Formulafolio Investments, LLC reported $308M in U.S.-listed holdings across 502 positions for Q1 2021.

Its largest position, Northern Lights Fund Trust IV Frmlafolios Tatl Etf, represents 10.8% of the portfolio.

Compared with Q3 2020, the fund opened 311 new positions and exited 124.

Portfolio Metrics

Turnover

+2.4%

vs prior filed quarter

Top-10 Concentration

+52.9%

share of reported value

Largest Position

+10.8%

Northern Lights Fund Trust IV Frmlafolios Tatl Etf

New / Exited

311 / 124

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 · 80.1% · $246M
Other · 16.7% · $51M
Common Stock · 2.8% · $9M
DOMESTIC MTN · 0.1% · $416,000
FIXED · 0.1% · $229,000
Other · 0.2% · $596,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
VCSH VANGUARD SHRT TRM CORP BD ETF	NEW	+102.6K	102.6K	+$8M	$8M
IXUS ISHARES TRUST CORE MSCI TOTAL ETF	NEW	+87.2K	87.2K	+$6M	$6M
FMAT FIDELITY COVINGTON TRUST MSCI MATLS INDEX ETF	NEW	+85.8K	85.8K	+$4M	$4M
FDIS FIDELITY COVINGTON TRUST MSCI CONSM DIS ETF	NEW	+47.1K	47.1K	+$4M	$4M
IDV ISHARES TRUST INTL SEL DIV ETF	NEW	+10.3K	10.3K	+$347,000	$347,000
KBWD INVESCO EXCHANGE TRADED FUND T KBW HIG DV YLD ETF	NEW	+16.5K	16.5K	+$336,000	$336,000
REM ISHARES TRUST MORTGE REL ETF	NEW	+9.3K	9.3K	+$334,000	$334,000
YYY AMPLIFY ETF TR HIGH INCOME ETF	NEW	+19.4K	19.4K	+$334,000	$334,000

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

Holdings — Q1 2021

497 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	NORTHERN LIGHTS FUND TRUST IV FRMLAFOLIOS TATL ETF	FRMLAFOLIOS TATL ETF	10.81%	$33M	1.39M
2	DBX ETF TRUST XTRACK USD HIGH ETF	XTRACK USD HIGH ETF	9.40%	$29M	723.6K
3	SCHM SCHWAB STRATEGIC TR US MID-CAP ETF history →	US MID-CAP ETF	6.48%	$20M	259.3K
4	SPYM SPDR SERIES TRUST PORTFOLIO S&P 500 ETF history →	PORTFOLIO S&P 500 ETF	5.39%	$17M	340.1K
5	BND VANGUARD TOTAL BND MRKT ETF history →	TOTAL BND MRKT ETF	5.00%	$15M	180.8K
6	SPYG SPDR SERIES TRUST PRTFLO S&P500 GW ETF history →	PRTFLO S&P500 GW ETF	3.74%	$12M	196.3K
7	IJR ISHARES TRUST CORE S&P SCP ETF history →	CORE S&P SCP ETF	3.49%	$11M	97.7K
8	IGIB ISHARES TRUST 5-10 YEAR INVESTMENT GRADE history →	5-10 YEAR INVESTMENT GRADE	3.07%	$9M	158.2K
9	VCSH VANGUARD SHRT TRM CORP BD ETF history →	SHRT TRM CORP BD ETF	2.76%	$8M	102.6K
10	SPDW SPDR INDEX SHARES FUNDS PORTFOLIO DEVLPD ETF history →	PORTFOLIO DEVLPD ETF	2.75%	$8M	229.8K
11	SPDR INDEX SHARES FUNDS PORTFOLIO EMG MK ETF	PORTFOLIO EMG MK ETF	2.25%	$7M	157.0K
12	NORTHERN LIGHTS FUND TRUST IV FRMLAFLIO TACT ETF	FRMLAFLIO TACT ETF	2.24%	$7M	226.5K
13	SPDR SERIES TRUST PORTFOLI S&P 1500 COMP STK ETF	PORTFOLI S&P 1500 COMP STK ETF	2.19%	$7M	131.0K
14	IXUS ISHARES TRUST CORE MSCI TOTAL ETF history →	CORE MSCI TOTAL ETF	2.06%	$6M	87.2K
15	NORTHERN LIGHTS FUND TRUST IV FORMULA FOLIOS ETF	FORMULA FOLIOS ETF	2.00%	$6M	175.3K
16	ABERDEEN STANDARD GOLD ETF TRU PHYSCL GOLD SHS ETF	PHYSCL GOLD SHS ETF	1.72%	$5M	299.8K
17	NORTHERN LIGHTS FUND TRUST IV FRMLAFLIO SMRT ETF	FRMLAFLIO SMRT ETF	1.63%	$5M	142.5K
18	FREL FIDELITY COVINGTON TRUST MSCI RL EST ETF history →	MSCI RL EST ETF	1.47%	$5M	155.5K
19	FMAT FIDELITY COVINGTON TRUST MSCI MATLS INDEX ETF history →	MSCI MATLS INDEX ETF	1.38%	$4M	85.8K
20	VBR VANGUARD SM CP VAL ETF history →	SM CP VAL ETF	1.31%	$4M	23.2K
21	PFFD GLOBAL X FDS US PFD ETF history →	US PFD ETF	1.26%	$4M	152.6K
22	FUTY FIDELITY COVINGTON TRUST MSCI UTILS INDEX ETF history →	MSCI UTILS INDEX ETF	1.26%	$4M	91.1K
23	FDIS FIDELITY COVINGTON TRUST MSCI CONSM DIS ETF history →	MSCI CONSM DIS ETF	1.20%	$4M	47.1K
24	SPTS SPDR SERIES TRUST PORTFOLIO SH TSR ETF history →	PORTFOLIO SH TSR ETF	1.19%	$4M	119.3K
25	VOE VANGUARD MCAP VL IDXVIP ETF history →	MCAP VL IDXVIP ETF	1.14%	$3M	24.5K
26	FTEC FIDELITY COVINGTON TRUST MSCI INFO TECH I ETF history →	MSCI INFO TECH I ETF	1.13%	$3M	32.4K
27	VBK VANGUARD SML CP GRW ETF	SML CP GRW ETF	0.95%	$3M	10.8K
28	MVV PROSHARES TRUST PSHS ULT MCAP400 ETF	PSHS ULT MCAP400 ETF	0.94%	$3M	44.7K
29	FSTA FIDELITY COVINGTON TRUST CONSMR STAPLES ETF	CONSMR STAPLES ETF	0.90%	$3M	64.2K
30	UWM PROSHARES TRUST PSHS ULTRUSS2000 ETF	PSHS ULTRUSS2000 ETF	0.85%	$3M	24.0K
31	SSO PROSHARES TRUST PSHS ULT S&P 500 ETF	PSHS ULT S&P 500 ETF	0.80%	$2M	22.0K
32	VOT VANGUARD MCAP GR IDXVIP ETF	MCAP GR IDXVIP ETF	0.79%	$2M	11.3K
33	SPDR SERIES TRUST PRTFLO S&P500 VL ETF	PRTFLO S&P500 VL ETF	0.75%	$2M	57.6K
34	QQQ INVESCO QQQ TRUST UNIT SER 1 ETF	UNIT SER 1 ETF	0.74%	$2M	7.0K
35	SPTL SPDR SERIES TRUST PORTFOLIO LN TSR ETF	PORTFOLIO LN TSR ETF	0.68%	$2M	52.8K
36	BWX SPDR SERIES TRUST BLOMBERG INTL TR ETF	BLOMBERG INTL TR ETF	0.66%	$2M	68.2K
37	SPDR SERIES TRUST PORTFOLIO AGRGTE ETF	PORTFOLIO AGRGTE ETF	0.65%	$2M	67.5K
38	SPTI SPDR SERIES TRUST PORTFLI INTRMDIT ETF	PORTFLI INTRMDIT ETF	0.63%	$2M	60.0K
39	PFIG INVESCO EXCHANGE TRADED FUND T FNDMNTL IG CRP ETF	FNDMNTL IG CRP ETF	0.59%	$2M	67.1K
40	IVV ISHARES TRUST CORE S&P500 ETF	CORE S&P500 ETF	0.57%	$2M	4.2K
41	SPDR SERIES TRUST PORTFOLIO S&P 600 SM CAP ETF	PORTFOLIO S&P 600 SM CAP ETF	0.55%	$2M	39.7K
42	SPMD SPDR SERIES TRUST PORTFOLIO S&P 400 MID CAP ETF	PORTFOLIO S&P 400 MID CAP ETF	0.53%	$2M	34.1K
43	SCHP SCHWAB STRATEGIC TR US TIPS ETF	US TIPS ETF	0.49%	$2M	24.4K
44	RFDI FIRST TRUST EXCHANGE-TRADED FU RIVRFRNT DYN DEV ETF	RIVRFRNT DYN DEV ETF	0.38%	$1M	17.0K
45	VEA VANGUARD FTSE DEV MKT ETF	FTSE DEV MKT ETF	0.35%	$1M	21.0K
46	IJH ISHARES TRUST CORE S&P MCP ETF	CORE S&P MCP ETF	0.35%	$1M	3.9K
47	SCHD SCHWAB STRATEGIC TR US DIVIDEND EQ ETF	US DIVIDEND EQ ETF	0.34%	$1M	13.8K
48	VT VANGUARD TT WRLD ST ETF	TT WRLD ST ETF	0.32%	$969,000	9.6K
49	USRT ISHARES TRUST CRE U S REIT ETF	CRE U S REIT ETF	0.30%	$931,000	16.7K
50	AAPL APPLE INC COM	COM	0.27%	$825,000	6.6K
51	AGG ISHARES TRUST CORE US AGGBD ET ETF	CORE US AGGBD ET ETF	0.27%	$824,000	7.2K
52	AMER EQY INVEST LIFE HOLDING C COM	COM	0.27%	$816,000	26.9K
53	BRK/B BERKSHIRE HATHAWAY INC COM CL B	COM CL B	0.25%	$779,000	2.7K
54	VUG VANGUARD GROWTH ETF	GROWTH ETF	0.24%	$743,000	2.8K
55	VTV VANGUARD VALUE ETF	VALUE ETF	0.21%	$640,000	4.6K
56	TIPX SPDR SERIES TRUST BLOMBERG 1 10 YR ETF	BLOMBERG 1 10 YR ETF	0.19%	$583,000	27.5K
57	WORLD GOLD TRUST SPDR GLD MINIS ETF	SPDR GLD MINIS ETF	0.16%	$502,000	27.5K
58	VWO VANGUARD FTSE EMR MKT ETF	FTSE EMR MKT ETF	0.15%	$462,000	8.8K
59	BNDX VANGUARD INTL BD IDX ETF	INTL BD IDX ETF	0.14%	$444,000	7.8K
60	MUB ISHARES TRUST NATIONAL MUN ETF	NATIONAL MUN ETF	0.14%	$424,000	3.6K
61	SPYD SPDR SERIES TRUST PRTFLO S&P500 HI ETF	PRTFLO S&P500 HI ETF	0.13%	$402,000	9.8K
62	WIP SPDR SERIES TRUST FTSE INT GVT ETF	FTSE INT GVT ETF	0.13%	$393,000	6.9K
63	BSV VANGUARD SHORT TRM BOND ETF	SHORT TRM BOND ETF	0.13%	$392,000	4.8K
64	GOVT ISHARES TRUST US TREAS BD ETF	US TREAS BD ETF	0.13%	$392,000	14.9K
65	ACWI ISHARES TRUST MSCI ACWI ETF	MSCI ACWI ETF	0.12%	$381,000	3.9K
66	MSFT MICROSOFT CORP COM	COM	0.12%	$355,000	1.4K
67	IDV ISHARES TRUST INTL SEL DIV ETF	INTL SEL DIV ETF	0.11%	$347,000	10.3K
68	KBWD INVESCO EXCHANGE TRADED FUND T KBW HIG DV YLD ETF	KBW HIG DV YLD ETF	0.11%	$336,000	16.5K
69	VNQ VANGUARD REAL ESTATE ETF	REAL ESTATE ETF	0.11%	$335,000	3.4K
70	AMZN AMAZON COM INC COM	COM	0.11%	$335,000	104
71	YYY AMPLIFY ETF TR HIGH INCOME ETF	HIGH INCOME ETF	0.11%	$334,000	19.4K
72	REM ISHARES TRUST MORTGE REL ETF	MORTGE REL ETF	0.11%	$334,000	9.3K
73	TSLA TESLA INC COM	COM	0.10%	$315,000	510
74	DIS WALT DISNEY COMPANY (THE) COM	COM	0.10%	$297,000	1.6K
75	IEFA ISHARES TRUST CORE MSCI EAFE ETF	CORE MSCI EAFE ETF	0.10%	$297,000	4.0K
76	BARCLAYS BANK PLC NOTE CONV INDEX LNKD	NOTE CONV INDEX LNKD	0.08%	$243,000	208
77	JNJ JOHNSON & JOHNSON COM	COM	0.08%	$233,000	1.4K
78	VMBS VANGUARD MORTG-BACK SEC ETF	MORTG-BACK SEC ETF	0.07%	$230,000	4.3K
79	AMERICAN FINANCE TRUST INC COM USD0.01	COM USD0.01	0.07%	$228,000	24.3K
80	ISHARES TRUST IBOXX INV CP ETF	IBOXX INV CP ETF	0.07%	$219,000	1.7K
81	SPY SPDR S&P500 ETF TRUST TR UNIT ETF	TR UNIT ETF	0.07%	$213,000	514
82	ITOT ISHARES TRUST CORE S&P TTL STK ETF	CORE S&P TTL STK ETF	0.07%	$210,000	2.2K
83	IEMG ISHARES INC CORE MSCI EMKT ETF	CORE MSCI EMKT ETF	0.07%	$208,000	3.2K
84	BIV VANGUARD INTERMED TERM ETF	INTERMED TERM ETF	0.07%	$204,000	2.3K
85	AMAT APPLIED MATERIALS INC COM	COM	0.06%	$199,000	1.6K
86	BLV VANGUARD LONG TERM BOND ETF	LONG TERM BOND ETF	0.06%	$197,000	2.0K
87	VB VANGUARD SMALL CP ETF	SMALL CP ETF	0.06%	$196,000	897
88	IYR ISHARES TRUST U.S. REAL ES ETF	U.S. REAL ES ETF	0.06%	$183,000	1.9K
89	TLT ISHARES TRUST 20 YR TR BD ETF	20 YR TR BD ETF	0.06%	$183,000	1.3K
90	ADP AUTOMATIC DATA PROCESSING INC COM	COM	0.06%	$181,000	930
91	FSKR FS INVESTMENT CORP II COM	COM	0.06%	$179,000	8.8K
92	ESGV VANGUARD ESG US STK ETF	ESG US STK ETF	0.05%	$147,000	1.9K
93	SHYG ISHARES TRUST 0-5YR HI YL CP ETF	0-5YR HI YL CP ETF	0.05%	$145,000	3.2K
94	XLI SELECT SECTOR SPDR TRUST SBI INT-INDS ETF	SBI INT-INDS ETF	0.05%	$140,000	1.3K
95	GENERAL ELECTRIC CO NOTE	NOTE	0.04%	$136,000	127
96	TT TRANE TECHNOLOGIES PLC COM	COM	0.04%	$128,000	698
97	TE CONNECTIVITY LTD COM	COM	0.04%	$114,000	850
98	INVESCO EXCHANGE TRADED FUND T S&P500 LOW VOL ETF	S&P500 LOW VOL ETF	0.04%	$114,000	1.9K
99	BSX BOSTON SCIENTIFIC CORP COM	COM	0.04%	$114,000	2.7K
100	BA BOEING CO COM	COM	0.04%	$112,000	490

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 ↗
Q4 2018	$2.3B	315	Jan 3, 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 ↗.