FORMULATE FINANCIAL LLC Concentrated Active

CIK: 0002093400 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 11, 2026

Total Value ($000): $85,308 (100.0% shares, 0.0% debt)

Holdings (29)

New Positions (4)

FTEC FIDELITY COVINGTON TRUST 0.7%

Value ($000) $570 Shares 2,537 Est. Cost $224.67 Unrealized —

AVGO BROADCOM INC 0.4%

Value ($000) $320 Shares 924 Est. Cost $357.00 Unrealized 0.0%

WFC WELLS FARGO CO NEW 0.2%

Value ($000) $202 Shares 2,170 Est. Cost $86.63 Unrealized 0.0%

JNJ JOHNSON & JOHNSON 0.2%

Value ($000) $202 Shares 975 Est. Cost $197.01 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTEC	FIDELITY COVINGTON TRUST	2,537	$570	0.7%	$224.67	—	MSCI INFO TECH I	316092808
AVGO	BROADCOM INC	924	$320	0.4%	$357.00	0.0%	COM	11135F101
WFC	WELLS FARGO CO NEW	2,170	$202	0.2%	$86.63	0.0%	COM	949746101
JNJ	JOHNSON & JOHNSON	975	$202	0.2%	$197.01	0.0%	COM	478160104

Increased Positions (13)

VOO VANGUARD INDEX FDS 18.4%

Value ($000) $15,707 (+4.5%) Shares 25,046 (+2.0%) Est. Cost $612.67 Unrealized —

IVW ISHARES TR 7.4%

Value ($000) $6,303 (+10.1%) Shares 51,133 (+7.8%) Est. Cost $120.90 Unrealized —

QQQ INVESCO QQQ TR 14.0%

Value ($000) $11,981 (+4.0%) Shares 19,503 (+1.7%) Est. Cost $600.59 Unrealized —

SPY SPDR S&P 500 ETF TR 11.2%

Value ($000) $9,592 (+4.8%) Shares 14,066 (+2.4%) Est. Cost $666.53 Unrealized —

IWB ISHARES TR 11.1%

Value ($000) $9,500 (+4.7%) Shares 25,440 (+2.5%) Est. Cost $365.68 Unrealized —

IWF ISHARES TR 3.7%

Value ($000) $3,136 (+9.3%) Shares 6,626 (+8.1%) Est. Cost $468.77 Unrealized —

IBM INTERNATIONAL BUSINESS MACHS 0.4%

Value ($000) $384 (+77.7%) Shares 1,295 (+69.3%) Est. Cost $275.61 Unrealized +8.4%

MSFT MICROSOFT CORP 3.5%

Value ($000) $3,010 (-5.2%) Shares 6,224 (+1.6%) Est. Cost $508.58 Unrealized -1.6%

AAPL APPLE INC 1.2%

Value ($000) $1,013 (+14.8%) Shares 3,724 (+7.5%) Est. Cost $228.56 Unrealized +17.4%

ETN EATON CORP PLC 0.9%

Value ($000) $761 (-11.8%) Shares 2,388 (+3.6%) Est. Cost $362.96 Unrealized -2.4%

AMZN AMAZON COM INC 1.8%

Value ($000) $1,569 (+6.5%) Shares 6,797 (+1.3%) Est. Cost $226.38 Unrealized +1.1%

NVDA NVIDIA CORPORATION 1.3%

Value ($000) $1,135 (+2.8%) Shares 6,085 (+2.9%) Est. Cost $174.62 Unrealized +6.6%

CRWD CROWDSTRIKE HLDGS INC 0.4%

Value ($000) $309 (+7.0%) Shares 659 (+11.9%) Est. Cost $460.55 Unrealized +10.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VOO	VANGUARD INDEX FDS	25,046 (+2.0%)	$15,707 (+4.5%)	18.4%	$612.67	—	S&P 500 ETF SHS	922908363
IVW	ISHARES TR	51,133 (+7.8%)	$6,303 (+10.1%)	7.4%	$120.90	—	S&P 500 GRWT ETF	464287309
QQQ	INVESCO QQQ TR	19,503 (+1.7%)	$11,981 (+4.0%)	14.0%	$600.59	—	UNIT SER 1	46090E103
SPY	SPDR S&P 500 ETF TR	14,066 (+2.4%)	$9,592 (+4.8%)	11.2%	$666.53	—	TR UNIT	78462F103
IWB	ISHARES TR	25,440 (+2.5%)	$9,500 (+4.7%)	11.1%	$365.68	—	RUS 1000 ETF	464287622
IWF	ISHARES TR	6,626 (+8.1%)	$3,136 (+9.3%)	3.7%	$468.77	—	RUS 1000 GRW ETF	464287614
IBM	INTERNATIONAL BUSINESS MACHS	1,295 (+69.3%)	$384 (+77.7%)	0.4%	$275.61	+8.4%	COM	459200101
MSFT	MICROSOFT CORP	6,224 (+1.6%)	$3,010 (-5.2%)	3.5%	$508.58	-1.6%	COM	594918104
AAPL	APPLE INC	3,724 (+7.5%)	$1,013 (+14.8%)	1.2%	$228.56	+17.4%	COM	037833100
ETN	EATON CORP PLC	2,388 (+3.6%)	$761 (-11.8%)	0.9%	$362.96	-2.4%	SHS	G29183103
AMZN	AMAZON COM INC	6,797 (+1.3%)	$1,569 (+6.5%)	1.8%	$226.38	+1.1%	COM	023135106
NVDA	NVIDIA CORPORATION	6,085 (+2.9%)	$1,135 (+2.8%)	1.3%	$174.62	+6.6%	COM	67066G104
CRWD	CROWDSTRIKE HLDGS INC	659 (+11.9%)	$309 (+7.0%)	0.4%	$460.55	+10.6%	CL A	22788C105

Exited Positions (1)

FATAQ FAT BRANDS INC 0.0%

Value ($000) $22 Shares 11,333 Est. Cost $2.11 Unrealized -43.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FATAQ	FAT BRANDS INC	11,333	$22	0.0%	$2.11	-43.2%	—	30258N105

Decreased Positions (2)

OBDC BLUE OWL CAPITAL CORPORATION 0.2%

Value ($000) $136 (-33.2%) Shares 14,670 (-7.9%) Est. Cost $13.43 Unrealized -8.0%

PFF ISHARES TR 0.6%

Value ($000) $477 (-7.9%) Shares 15,395 (-5.9%) Est. Cost $31.62 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OBDC	BLUE OWL CAPITAL CORPORATION	14,670 (-7.9%)	$136 (-33.2%)	0.2%	$13.43	-8.0%	COM	69121K104
PFF	ISHARES TR	15,395 (-5.9%)	$477 (-7.9%)	0.6%	$31.62	—	PFD AND INCM SEC	464288687

Unchanged Positions (10)

GOOG ALPHABET INC 1.4%

Value ($000) $1,224 Shares 3,900 Est. Cost $209.93 Unrealized +36.4%

VIG VANGUARD SPECIALIZED FUNDS 10.9%

Value ($000) $9,286 Shares 42,252 Est. Cost $215.79 Unrealized —

ITOT ISHARES TR 4.2%

Value ($000) $3,560 Shares 23,940 Est. Cost $145.65 Unrealized —

VONE VANGUARD SCOTTSDALE FDS 2.6%

Value ($000) $2,244 Shares 7,262 Est. Cost $302.35 Unrealized —

HD HOME DEPOT INC 0.3%

Value ($000) $261 Shares 759 Est. Cost $389.16 Unrealized -6.3%

VUG VANGUARD INDEX FDS 1.2%

Value ($000) $1,009 Shares 2,069 Est. Cost $479.61 Unrealized —

PG PROCTER AND GAMBLE CO 0.3%

Value ($000) $233 Shares 1,623 Est. Cost $154.90 Unrealized -5.0%

NEE NEXTERA ENERGY INC 0.3%

Value ($000) $241 Shares 3,003 Est. Cost $72.21 Unrealized +14.2%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.8%

Value ($000) $651 Shares 1,295 Est. Cost $484.36 Unrealized +2.7%

ABBV ABBVIE INC 0.3%

Value ($000) $294 Shares 1,287 Est. Cost $201.95 Unrealized +12.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	3,900	$1,224	1.4%	$209.93	+36.4%	CAP STK CL C	02079K107
VIG	VANGUARD SPECIALIZED FUNDS	42,252	$9,286	10.9%	$215.79	—	DIV APP ETF	921908844
ITOT	ISHARES TR	23,940	$3,560	4.2%	$145.65	—	CORE S&P TTL STK	464287150
VONE	VANGUARD SCOTTSDALE FDS	7,262	$2,244	2.6%	$302.35	—	VNG RUS1000IDX	92206C730
HD	HOME DEPOT INC	759	$261	0.3%	$389.16	-6.3%	COM	437076102
VUG	VANGUARD INDEX FDS	2,069	$1,009	1.2%	$479.61	—	GROWTH ETF	922908736
PG	PROCTER AND GAMBLE CO	1,623	$233	0.3%	$154.90	-5.0%	COM	742718109
NEE	NEXTERA ENERGY INC	3,003	$241	0.3%	$72.21	+14.2%	COM	65339F101
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,295	$651	0.8%	$484.36	+2.7%	CL B NEW	084670702
ABBV	ABBVIE INC	1,287	$294	0.3%	$201.95	+12.7%	COM	00287Y109