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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Formidable Asset Management, LLC

Quarter ended Q4 2023 · Filed November 9, 2023 · Accession 0001592613-23-000004

Total Value
$451.4M
Positions
300
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (300)

#IssuerTicker / CUSIPSharesValue% of Filing
1PROCTER & GAMBLE742718109304,344$44.4M9.83%
2APPLE INCAAPL211,963$36.3M8.04%
3ETF OPPORTUNITIES TRUST FORMIDABLE ETF26923N3061,268,423$27.9M6.17%
4ETF OPPORTUNITIES TR FORMIDABLE FORTRESS ETF26923N504997,299$25.1M5.56%
5CHEMED CORPORATION NEWCHE26,619$13.8M3.06%
6MICROSOFT CORPMSFT33,750$10.7M2.36%
7NANO ONE MATERIALS CORP63010A1034,326,395$9.5M2.10%
8EATON VANCE TAX MAN GL DETN1,255,704$9.3M2.05%
9LITHIUM AMERS CORP FLTUM486,903$8.3M1.83%
10GAMCO GLOBAL GOLD NAT RES & COM SH BEN INT36465A1092,119,270$7.8M1.72%
11META PLATFORMS INC CLASS AMETA25,184$7.6M1.67%
12JPMORGAN ULTRA SHORT INCOME ETF46641Q837136,748$6.9M1.52%
13ACACIA RESH ACACIA0038813071,755,935$6.4M1.42%
14THE FORMIDABLE FUND LLC0035214575,355,379$5.4M1.19%
15ISHARES CORE HIGH DIVIDEND ETF46429B66345,923$4.5M1.01%
16NVIDIA CORPNVDA10,370$4.5M1.00%
17EATON VANCE TAX ADVANTAGETN208,305$4.4M0.98%
18UNITED STS TREAS BILLS BILLUNTCW4,000,000$4.0M0.88%
19EXXON MOBIL CORPXOM33,456$3.9M0.87%
20ACTIVISION BLIZZARD00507V10941,618$3.9M0.86%
21PIONEER NAT RES COMPANY72378710716,840$3.9M0.86%
22ALTRIA GROUP INCMO85,933$3.6M0.80%
23VANGUARD HIGH DIVIDEND YIELD ETF92194640630,372$3.1M0.70%
24BERKSHIRE HATHAWAY CLASS BBRK-A7,515$2.6M0.58%
25CHEVRON CORPCVX15,404$2.6M0.58%
26PAYPAL HLDGS INCORPORATEDPYPL42,726$2.5M0.55%
27NIKE INC CLASS BNKE25,767$2.5M0.55%
28ALPHABET INC. CLASS CGOOG18,588$2.5M0.54%
29GRAINGER W W INCORPORATED3848021043,515$2.4M0.54%
30ELI LILLY & COMPANYLLY4,421$2.4M0.53%
31PFIZER INCPFE69,762$2.3M0.51%
32AMAZON COM INCORPORATEDAMZN18,148$2.3M0.51%
33QUALCOMM INCQCOM20,577$2.3M0.51%
34WILLIAMS SONOMAWSM14,375$2.2M0.49%
35STOCK YDS BANCORP86102510454,824$2.2M0.48%
36BANK AMERICA CORPORATION06050510478,099$2.1M0.47%
37HENRY JACK & ASSOC42628110113,459$2.0M0.45%
38PEPSICO INCPEP11,845$2.0M0.44%
39TESLA INCTSLA7,927$2.0M0.44%
40SPDR S&P 500 ETFSPY4,499$1.9M0.43%
41WISDOMTREE INTERNATIONAL HIGH DIVIDEND FUNDWT52,678$1.9M0.42%
42SCHWAB U.S. TIPS ETF80852487036,399$1.8M0.41%
43ADOBE INCADBE3,575$1.8M0.40%
44ALPHABET INC. CLASS AGOOG13,835$1.8M0.40%
45STARBUCKS CORPSBUX19,785$1.8M0.40%
46QUALYS INCQLYS11,611$1.8M0.39%
47GENERAL DYNAMICS COGD7,960$1.8M0.39%
48CISCO SYSTEMS INCCSCO32,609$1.8M0.39%
49EATON VANCE TAX-ADVANTAGED GLOETN80,397$1.7M0.38%
50HOME DEPOT INCHD5,538$1.7M0.37%
51CHURCH & DWIGHT CO INC ICHD17,759$1.6M0.36%
52MERCK & CO. INC.MRK15,766$1.6M0.36%
53JPMORGAN CHASE & COVYLD10,994$1.6M0.35%
54FACTSET RESEARCH SYS3030751053,551$1.6M0.34%
55ISHARES CORE S&P 500 ETF4642872003,593$1.5M0.34%
56JOHNSON & JOHNSONJNJ9,716$1.5M0.34%
57INVESCO S&P 500 EQUAL WEIGHT ETFIVZ10,665$1.5M0.33%
58THE FORMIDABLE FUND LIMITED PARTNERSHIP3469009961,477,715$1.5M0.33%
59MASTERCARD INC CLASS AMA3,719$1.5M0.33%
60BAYTEX ENERGY CORPBTE328,549$1.4M0.31%
61BOEING COBA-PA7,290$1.4M0.31%
62ADVENT CLAYMORE CONV SEC00764C109132,436$1.4M0.31%
63KNIGHT SWIFT TRANSPORTATCLASS A49904910427,311$1.4M0.30%
64ISHARES MSCI USA QLTY FACT ETF46432F33910,387$1.4M0.30%
65BRITISH AMERICAN TOB-SP ADR11044810743,321$1.3M0.30%
66INTEL CORPINTC37,482$1.3M0.30%
67GENERAL ELECTRIC CO36960430111,800$1.3M0.29%
68BIO-TECHNE CORPTECH19,087$1.3M0.29%
69REPUBLIC BANCORP INCORPORATED KY CLASS ARBCAA29,136$1.3M0.28%
70ROSS STORES INCROST11,330$1.3M0.28%
71SYSCO CORPORATIONSYY18,908$1.2M0.28%
72SPDR PORTFOLIO DEVELOPED WORLD EX-US ETF78463X88940,158$1.2M0.28%
73ENERGY TRANSFER, L.P.ET-PI89,477$1.2M0.27%
74RBB FD INCORPORATED US TREAS 3 MONTH BILL ETF74933W45224,530$1.2M0.27%
75EMERSON ELEC COMPANYEMR12,492$1.2M0.27%
76GENUINE PARTS COGPC8,078$1.2M0.26%
77AUTO DATA PROCESSINGADP4,786$1.2M0.26%
78MARKETWISE INC CLASS AMKTW713,822$1.1M0.25%
79ROYALTY PHARMA PLCRPRX41,546$1.1M0.25%
80DONALDSON INCORPORATEDDCI18,554$1.1M0.25%
81WHEATON PRECIOUS METALS CORP COMWPM26,846$1.1M0.24%
82TEXAS PAC LD CORP COMTPL595$1.1M0.24%
83AMERICAN TOWER CORP03027X1006,395$1.0M0.23%
84FIRST TR MLP & ENERGY INCOM FD33739B104131,464$1.0M0.23%
85ORACLE CORPORCL-PD9,711$1.0M0.23%
86MCDONALDS CORPMCD3,888$1.0M0.23%
87APTARGROUP INCATR8,132$1.0M0.23%
88ARCHER DANIELS MIDLAND COMPANYADM13,127$990,0380.22%
89VANGUARD INDEX FUNDS S&P 500 ETF SHS NEW9229083632,454$963,5830.21%
90NUVEEN DOW 30 DYNMC OVERWRT FD SHSNU68,861$943,3960.21%
91GENERAL MLS INCORPORATED37033410414,692$940,1410.21%
92SHAKE SHACK CLASS ASHAK15,835$919,5380.20%
93MCEWEN MINING INCORPORATED COM NEWMUX140,746$914,8490.20%
94ABBOTT LABORATORIESABLZF9,446$914,8000.20%
95VERTEX PHARMACEUTICALS INC COMVRTX2,621$911,6450.20%
96BOOKING HOLDINGS INCORPORATEDBKNG295$909,7650.20%
97GRACO INCGGG11,953$871,1650.19%
98U S BANCORPUSB-PS26,182$865,5860.19%
99COTERRA ENERGY INCORPORATEDCTRA31,369$848,5310.19%
100EXPEDITORS INTL WASH INC COM3021301097,323$839,4350.19%
101WEST PHARMACEUTICAL SERVICES9553061052,225$834,8420.18%
102ABBVIE INCABBV5,565$829,5210.18%
103NEWMONT CORPNEMCL22,394$827,4730.18%
104ROBERT HALF INC.RHI11,273$826,0850.18%
105UNITED THERAPEUTICS CORPORATION DELUTHR3,636$821,2630.18%
106INTERACTIVE BROKERS GROUP INC COM45841N1079,483$820,8480.18%
107GAMING & LEISURE PPTYS INC COM36467J10818,003$820,0370.18%
108NORDSON CORPORATIONNDSN3,660$816,8020.18%
109FASTENAL COMPANYFAST14,942$816,4310.18%
110ERIE INDTY CO CL A29530P1022,771$814,0920.18%
111AMDOCS LTDDOX9,527$804,9360.18%
112BROOKFIELD INFRASTRUCTURE PARTNERSG1625210127,290$802,3260.18%
113HERSHEY COHSY4,007$801,6520.18%
114SNAP ON INCSNA3,109$792,9820.18%
115MONSTER BEVERAGE CORP NEW COMMNST14,954$791,8140.18%
116S&P GLOBAL INC COMSPGI2,163$790,3820.18%
117SITIO ROYALTIES CORP NEW COM CL A82983N10833,864$789,7710.17%
118PUBLIC STORAGE INC COMPSA-PS2,994$788,9790.17%
119TJX COMPANIES INC8725401098,637$767,6570.17%
120ALGONQUIN POWER & UTILITIES CORP015857105134,949$765,2890.17%
121CAMBRIA EMERGING SHAREHOLDER YIELD ETF13206170626,536$761,0520.17%
122RELIANCE STL & ALUM CO COMRS2,900$760,4670.17%
123CAMDEN PROPERTY TRUST1331311027,941$738,7150.16%
124BECTON DICKINSON & COMPANYBDX2,853$737,6460.16%
125WILLIAMS COMPANIES INCORPORATED96945710021,867$736,6840.16%
126MARKETAXESS HLDGS INC COMMKTX3,437$734,2810.16%
127VERIZON COMMUNICATIONS INCORPORATEDVZ22,379$725,2950.16%
128COCA COLA COMPANYKO12,891$721,6420.16%
129TEGNA INCORPORATED87901J10549,372$719,3500.16%
130BRISTOL-MYERS SQUIBBCELG-RI12,313$714,6470.16%
131VANECK GOLD MINERS ETF92189F10626,404$710,5320.16%
132AMGEN INC.AMGN2,618$703,7470.16%
133PETMED EXPRESS INCPETS68,487$701,9920.16%
134LOWES COMPANIES INC5486611073,346$695,4330.15%
135UNITEDHEALTH GROUP INCORPORATEDUNH1,376$693,9140.15%
136ARES CAPITAL CORPARCC35,331$687,9030.15%
137APPLIED MATERIALS0382221054,965$687,4040.15%
138RBB FD INC US TREAS 12 MONTH BILL ETF74933W47813,746$685,9360.15%
139MSC INDL DIRECT INC CLASS A5535301066,969$683,9700.15%
140PNC FINL SERVICES6934751055,528$678,6420.15%
141CINCINNATI FINL1720621016,603$675,3700.15%
142CINTAS CORPORATIONCTAS1,385$666,1990.15%
143APTUS DRAWDOWN MANAGED EQTY ETF26922A78418,947$664,0920.15%
144ISHARES MSCI EAFE ETF4642874659,635$664,0270.15%
145REGENERON PHARMACEUTICALS INC COMREGN803$660,8370.15%
146CVS HEALTH CORPCVS9,448$659,6830.15%
147INVESCO QQQIVZ1,838$658,4230.15%
148UNITED STS TREAS BILLS BILLUNTCW652,000$650,3770.14%
149HONEYWELL INTERNATIONAL INCORPORATED4385161063,318$613,0570.14%
150SILVERCREST METALS INC COM828363101138,778$612,0110.14%
151SPDR GOLD SHARESGLD3,541$607,1040.13%
152VISA INC CLASS AV2,617$601,9360.13%
153DUKE ENERGY CORPDUKB6,516$575,1390.13%
154ALLIANCE RESOURCE PARTNERS L PARLP25,075$564,9400.13%
155NETFLIX INCNFLX1,475$556,9600.12%
156RIO TINTO PLC SPONSORED ADRRTNTF8,870$556,4930.12%
157FIDELITY NATL INFO31620M10610,026$554,1240.12%
158SUN CMNTYS INC COM8666741044,651$550,3990.12%
159PHILIP MORRIS INTERNATIONAL INCORPORATED7181721095,925$548,5370.12%
160ADVANCED MICRO DEVICES IAMD5,333$548,3390.12%
161DISNEY WALT COMPANY2546871066,750$547,1110.12%
162HORMEL FOODS CORPHRL14,311$544,2470.12%
163BROADCOM INCAVGO652$541,1740.12%
164SUNCOR ENERGY INC FSU15,369$528,4000.12%
165ISHARES CORE DIVIDEND GROWTH ETF46434V62110,619$525,9590.12%
166FIRST TRUST CAPITAL STRENGTH ETF33733E1047,132$525,1290.12%
167BLACKROCK INCBLK812$524,9500.12%
168RTX CORPRTX7,231$520,4440.12%
169ROCKWELL AUTOMATIONROK1,812$517,9960.11%
170FIFTH THIRD BANCORPFITBM19,702$499,0520.11%
1713M COMMM5,276$493,9090.11%
172KROGER COKR10,987$491,6680.11%
173GOLDMAN SACHS GROUPGSCE1,516$490,5320.11%
174BAIN CAP SPECIALTY FIN I05684B10731,340$479,8150.11%
175EATON VANCE TAX MGD DVFETN41,062$473,8570.10%
176UNITED PARCEL SERVICE INCORPORATED CLASS BUPS3,012$469,4800.10%
177NEXTERA ENERGY INCNEE-PW8,093$463,6480.10%
178TARGET CORPTGT4,166$460,6050.10%
179GRUPO AEROPORTUARIO DEL SURESTE S40051E2021,845$453,3350.10%
180COSTCO WHOLESALE CO22160K105801$452,4790.10%
181IBM CORPINTR3,208$450,0240.10%
182DELEK US HLDGS INC NEW COMDK15,770$448,0260.10%
183ISHARES RUSSELL 2000 ETF4642876552,514$444,3240.10%
184SPDR INDEX SHARES EMERG MARKT ETF78463X50913,184$442,5760.10%
185TOWER SEMICONDUCTORTSEM17,619$432,7230.10%
186MEREO BIOPHARMA GROUP PLC ADRMREO331,914$428,1690.09%
187GREEN THUMB INDS INC FGTBIF37,970$422,2260.09%
188FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND33691710912,475$417,1640.09%
189CYTOMX THERAPEUTICS INC. COMCTMX318,111$410,3630.09%
190LAB CO OF AMER HLDG50540R4092,034$408,9360.09%
191LOCKHEED MARTIN CORPLMT992$405,6880.09%
192VANGUARD FTSE DEVELOPED MARKETS ETF9219438589,227$403,4040.09%
193BP PRUDHOE BAY RTY TRBPPFF56,343$402,8520.09%
194CRONOS GROUP INC FCRON223,501$400,9640.09%
195SOUTHERN COSOMN6,075$393,1740.09%
196SPDR S&P AEROSPACE & DEFENSE ETF78464A6313,500$392,3500.09%
197SKYWORKS SOLUTIONSSWKS3,949$389,3320.09%
198ISHARES S&P 500 GROWTH ETF4642873095,660$387,2570.09%
199GRAYSCALE BITCOIN TR BTCGBTC20,144$386,5690.09%
200AMERICAN FINL GROUP INC0259321043,445$384,7030.09%
201ARCTURUS THERAPEUTICS HLDGSARCT15,050$384,5280.09%
202CSX CORPCSX12,235$376,2260.08%
203SELECT STR FINANCIAL SELECT SPDR ETF81369Y60511,169$370,4820.08%
204WALMART INCWMT2,316$370,4210.08%
205ISHARES RUSSELL 1000 GROWTH ETF4642876141,375$365,7360.08%
206NORFOLK SOUTHERN CO6558441081,845$363,4200.08%
207AEON BIOPHARMA INCORPORATED CLASS AAEON64,311$360,1420.08%
208UNION PAC CORPORATIONUNP1,687$343,5110.08%
209VANGUARD TOTAL WORLD STOCK ETF9220427423,684$343,2750.08%
210AGNICO EAGLE MINESAEM7,685$342,8370.08%
211MARATHON PETE CORPMARA2,243$339,4820.08%
212EATON VANCE TX ADV GLBL DIV FDETN20,912$321,6270.07%
213FIRST DORSEY WRIGHT FOCUS 5 ETF IV33738R6057,201$319,0040.07%
214EATON VANCE ENHANCED EQUITY INETN18,528$318,3110.07%
215GALLAGHER ARTHUR J & COMPANY3635761091,369$312,0360.07%
216ISHARES CORE S&P SMALL-CAP ETF4642878043,306$311,9000.07%
217MICRON TECHNOLOGYMU4,534$308,4480.07%
218VALERO ENERGY CORPVLO2,172$307,7940.07%
219SCHWAB U.S. LARGE-CAP ETF8085242015,789$292,9230.06%
220WELLS FARGO & CO9497461017,003$286,1430.06%
221DUPONT DE NEMOURS INC IADD3,833$285,9030.06%
222SOUTHERN COPPER CORPSCCO3,788$285,2080.06%
223KINROSS GOLD CORPKGCRF62,207$283,6640.06%
224J M SMUCKER CO8326964052,279$280,1590.06%
225DOW INCDOW5,393$278,0850.06%
226BIOATLA INCORPORATEDBCAB162,794$276,7500.06%
227HANCOCK JOHN FINL OPPTYS FD SH BEN INT NEW40973520610,410$273,3670.06%
228MONDELEZ INTERNATIONAL INCORPORATED CLASS A6092071053,877$269,0640.06%
229EATON VANCE RISK-MANAGED DIVERETN34,118$262,0290.06%
230SPDR S&P BANK ETF78464A7977,100$261,6350.06%
231GE HEALTHCARE TECHNOLOGIGEHC3,832$260,7420.06%
232JPMORGAN EQUITY PREMIUM INCOME ETF46641Q3324,842$259,3430.06%
233RCI HOSPITALITY HLDGS INC COMRICK4,304$255,3280.06%
234PARAMOUNT GLOBAL CLASS B COM92556H20619,785$255,2290.06%
235THERMO FISHER SCIENTIFIC INCORPORATEDTMO499$252,5790.06%
236SALESFORCE INCCRM1,241$251,6500.06%
237SPRINKLR INC CLASS ACXM17,935$248,2200.05%
238INVESCO GLOBAL LISTED PRIVATE EQUITY ETFIVZ4,797$247,8770.05%
239GRAYSCALE ETHEREUM TR ET38963810722,310$246,7480.05%
240PROSHARES ULTRAPRO SHORTQQQ ETF74347G43211,756$240,2930.05%
241STRATASYS LTD FSSYS17,547$238,8100.05%
242PROSHARES ULTRA QQQ74347R2064,000$237,4000.05%
243CONOCOPHILLIPSCOP1,966$235,5270.05%
244STIFEL FINL CORPORATION8606301023,800$233,4720.05%
245CARRIER GLOBAL CORPCARR4,220$232,9440.05%
246ISHARES GLOBAL REIT ETF46434V64710,881$230,3580.05%
247BAIDUBAIDF1,714$230,2760.05%
248SPDR S&P REGIONAL BANKING ETF78464A6985,500$229,7350.05%
249ISHARES CORE MSCI EAFE ETF46432F8423,530$227,1870.05%
250VANGUARD VALUE ETF9229087441,642$226,4520.05%
251BLACKROCK SHORT MATURITYBOND ETF46431W5074,476$223,3080.05%
252VANGUARD FTSE ALL-WORLD EX-US SMALL-CAP ETF9220427182,087$221,6230.05%
253INVESCO RAYMOND JAMES SB-1 EQUITY ETFIVZ3,940$219,5850.05%
254ISHARES RUSSELL MID CAP ETF4642874993,160$218,8300.05%
255TRAVELERS COMPANIESTRV1,335$218,0740.05%
256ELEVANCE HEALTH INCELV487$212,1810.05%
257TRULIEVE CANNABIS CORP FTCNNF34,200$208,2780.05%
258ISHARES TR BLACKROCK ULTRA46434V8784,100$206,5580.05%
259NUVEEN NASDAQ 100 DYNAMIC OVER COM SHS6706991079,075$203,9150.05%
260VANGUARD FTSE EMERGING MARKETS ETF9220428585,136$201,4000.04%
261EBAY INCEBAY4,566$201,3310.04%
262A T & T INCT-PC12,697$190,7030.04%
263PROSHARES ULTRAPRO SHORTS&P 500 ETF74347B11015,800$188,8100.04%
264NEWELL BRANDS INCNWL20,840$188,1850.04%
265GABELLI HLTHCARE & WELLNESS TR SHS36246K10321,196$181,8580.04%
266SEABRIDGE GOLD INC FSA15,550$164,0530.04%
267FORD MOTOR CO34537086012,731$158,1190.04%
268MORGAN STANLEY EMERGING MKTSMS-PQ36,536$155,6430.03%
269DIREXION DAILY S&P BIOTECH BULL 3X SHARES25490K32340,231$153,2800.03%
2703D SYSTEMS CORP88554D20528,310$139,0020.03%
271VILLAGE FARMS INTL F92707Y108151,615$120,9130.03%
272U S GLOBAL INVESTORS CLASS A90295210042,290$120,5270.03%
273ORGANIGRAM HOLDINGS F00162Q36192,333$119,1580.03%
274GRAYSCALE DIGITAL ORD FGDLC13,475$112,3820.02%
275NUVEEN CR STRATEGIES INCOME FD COM SHSNU20,300$102,7180.02%
276FARMER BROS CO COM30767510831,293$80,7360.02%
277GENWORTH FINL INCORPORATED COM CLASS A37247D10612,912$75,6640.02%
278AXT INCAXTI23,300$55,9200.01%
279CYBIN INC FHELP86,350$45,8860.01%
280GINKGO BIOWORKS HLDGS INCLASS ADNABW23,984$43,4110.01%
281COMMSCOPE HLDG CO20337X10912,276$41,2470.01%
282OPKO HEALTH INCORPORATEDOPK17,846$28,5540.01%
283KATAPULT HOLDINGSKPLTW1,677$17,1720.00%
284RUFFER ABSOLUTE INSTITUFIONAL LIMITED CLASS F00319602614,886$14,8860.00%
285DRAGANFLY INC FDPRO16,000$12,3040.00%
286SENSEONICS HOLDINGSSENS15,550$9,3910.00%
287NOVONIX LTD ORDFQ6880B10916,600$8,8180.00%
288WORKHORSE GROUP INCWKHS15,825$6,5580.00%
289FEDERAL NATIONAL MORTGAGE ASSOCIATION31358610910,000$6,1900.00%
290INSEEGO CORPINSG12,725$5,3450.00%
291BRAXIA SCIENTIFIC CORP F105736102488,750$4,8880.00%
292PLOVER BAY TECHNOL ORDFG7133210316,000$4,6590.00%
293QUINSAM CAP CORP F748747201203,500$4,1720.00%
294ALTITUDE ACQUISITION CORP WARRANT EXP 11302702156Y11130,000$1,8000.00%
295NATURALSHRIMP INCORPORATED63902N106115,000$3680.00%
296AUXLY CANNABIS GROUP I F05335P10920,800$2330.00%
297HEMAGEN DIAGNOSTICS INCORPORATED42350110551,500$50.00%
298FLUX POWER HOLDINGS3440573023,091,255$00.00%
299JAMMIN JAVA CORPORATION47075110829,350$00.00%
300THE GREENROSE HOLDING COMPANY WARRANT EXP 08112639539211156,065$00.00%