FormulaFolio Investments, LLC — 13F Filings Deep Dive

CIK: 0001626982

High-turnover trader

Total reported value

$299.4M

Reporting period: 2021-06-30 · Number of holdings: 524

FormulaFolio Investments, LLC disclosed 524 holdings in its latest 13F filing for the period ending 2021-06-30, with total reported value of $299.4M and a quarterly turnover rate of 101.3%.

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Personality snowflake

Concentration: 0
Portfolio Stability: 100
Momentum/Contrarian: 50
Sector conviction: 57.81
Diversification: 0
Sizing Uniformity: —

FormulaFolio Investments, LLC's disclosed holdings carry a Herfindahl concentration index of 0.040 — mathematically equivalent to about 25 equally-sized positions, well below its 524 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.

Position sizes vary widely across the portfolio (a coefficient of variation of 4.45), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Sector classification currently covers about 2% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.

Recent moves

Sold out NOG
Sold out HYLB
Sold out SCHM
Sold out SPYM
Sold out BND
Sold out SPYG

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 524 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NOG	Northern Oil and Gas, Inc.	Stock-Energy	10.30%	-10.81%	EXIT
2	HYLB	Xtrackers Usd High Yield Cor	ETF-High Yield	9.40%	-9.40%	EXIT
3	SCHM	Schwab US Mid Cap ETF	ETF-Other	6.41%	-6.48%	EXIT
4	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	5.51%	-5.39%	EXIT
5	BND	Vanguard Total Bond Market	ETF-Other	5.00%	-5.00%	EXIT
6	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	3.79%	-3.74%	EXIT
7	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	3.55%	-3.49%	EXIT
8	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	3.09%	-3.07%	EXIT
9	VCSH	Vanguard S/t CORP Bond ETF	ETF-Corp Bonds	2.92%	-2.76%	EXIT
10	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	2.70%	-2.75%	EXIT
11	SPEM	State Street Sp Ptf Em ETF	ETF-Other	2.29%	-2.25%	EXIT
12	SPTM	Ss Spdr P S&p 1500 Comp ETF	ETF-Other	2.22%	-2.19%	EXIT
13	✓	Northern Lts Fd Tr Iv	Stock-Other	2.09%	-2.24%	EXIT
14	IXUS	Ishares Core Intl Stock ETF	ETF-Other	2.05%	-2.06%	EXIT
15	✓	Northern Lts Fd Tr Iv	Stock-Other	1.96%	-2.00%	EXIT
16	SGOL	Abrdn Physical Gold Shares	ETF-Commodities	1.64%	-1.72%	EXIT
17	✓	Northern Lts Fd Tr Iv	Stock-Other	1.61%	-1.63%	EXIT
18	FREL	Fidelity Msci Rl Est Indx	ETF-Other	1.51%	-1.47%	EXIT
19	PFFD	Global X US Preferred ETF	ETF-Other	1.37%	-1.26%	EXIT
20	VBR	Vanguard Small-cap Value ETF	ETF-Other	1.26%	-1.31%	EXIT
21	SPTS	Ss Spdr P St Term Tsy ETF	ETF-Other	1.25%	-1.19%	EXIT
22	FMAT	Fidelity Msci Materials Indx	ETF-Other	1.19%	-1.38%	EXIT
23	FDIS	Fidelity Msci Cons Discr Ind	ETF-Other	1.16%	-1.20%	EXIT
24	FTEC	Fidelity Msci Info Tech Indx	ETF-Tech	1.16%	-1.13%	EXIT
25	FUTY	Fidelity Msci US Utilities	ETF-Other	1.13%	-1.26%	EXIT
26	VOE	Vanguard Mid-cap Value ETF	ETF-Other	1.08%	-1.14%	EXIT
27	VBK	Vanguard Small-cap Grwth ETF	ETF-Other	0.99%	-0.95%	EXIT
28	MVV	Proshares Ultra Midcap400	ETF-Other	0.93%	-0.94%	EXIT
29	UWM	Proshares Ultra Russell2000	ETF-Other	0.92%	-0.85%	EXIT
30	FSTA	Fidelity Msci Cons Stap Indx	ETF-Other	0.89%	-0.90%	EXIT
31	SSO	Proshares Ultra S&p500	ETF-Other	0.85%	-0.80%	EXIT
32	VOT	Vanguard Mid-cap Growth ETF	ETF-Other	0.84%	-0.79%	EXIT
33	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.79%	-0.74%	EXIT
34	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	ETF-Other	0.71%	-0.68%	EXIT
35	SPYV	Ss Spdr P S&p 500 Value ETF	ETF-Large Cap & Growth	0.70%	-0.75%	EXIT
36	SPAB	Ss Spdr P Agg Bond ETF	ETF-Other	0.68%	-0.65%	EXIT
37	BWX	State Street Spdr Bloomberg	ETF-Other	0.64%	-0.66%	EXIT
38	SPTI	Ss Spdr P Int Term Tsy ETF	ETF-Other	0.63%	-0.63%	EXIT
39	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.60%	-0.57%	EXIT
40	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	0.57%	-0.55%	EXIT
41	PFIG	Invesco Fundamental Investme	ETF-Other	0.54%	-0.59%	EXIT
42	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	0.53%	-0.53%	EXIT
43	SCHP	Schwab U.s. Tips ETF	ETF-Other	0.50%	-0.49%	EXIT
44	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.40%	-0.35%	EXIT
45	RFDI	First Trst Dyn Devel Int ETF	ETF-Other	0.40%	-0.38%	EXIT
46	IJH	Ishares Core S&p Midcap ETF	ETF-Other	0.35%	-0.35%	EXIT
47	SCHD	Schwab US Dvd Equity ETF	ETF-Other	0.33%	-0.34%	EXIT
48	VT	Vanguard Tot World Stk ETF	ETF-Other	0.32%	-0.32%	EXIT
49	USRT	Ishares Core US Reit ETF	ETF-Other	0.32%	-0.30%	EXIT
50	VUG	Vanguard Growth ETF	ETF-Other	0.31%	—	+15.06%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2021-06-30	524	$299.4M	100	1NOG 2HYLB 3SCHM Top holdings2021-06-30 1.NOG 2.HYLB 3.SCHM 4.SPYM 5.BND 6.SPYG 7.IJR 8.IGIB 9.VCSH 10.SPDW
2021-03-31	502	$307.6M	100	1NOG 2HYLB 3SCHM Top holdings2021-03-31 1.NOG 2.HYLB 3.SCHM 4.SPYM 5.BND 6.SPYG 7.IJR 8.IGIB 9.VCSH 10.SPDW
2020-12-31	670	$4.8B	80	1HYLB 2NOG 3SPY Top holdings2020-12-31 1.HYLB 2.NOG 3.SPY 4.SCHM 5.ICVT 6.QQQ 7.SPYG 8.USMV 9.BND 10.IGIB
2020-09-30	315	$2.6B	55	1HYLB 2NOG 3BND Top holdings2020-09-30 1.HYLB 2.NOG 3.BND 4.SPYM 5.SPYG 6.IGIB 7.ICVT 8.IJR 9.QQQ 10.VGIT
2020-06-30	288	$2.5B	58	1NOG 2HYLB 3VGIT Top holdings2020-06-30 1.NOG 2.HYLB 3.VGIT 4.SPTI 5.IGIB 6.HYMB 7.BND 8.SPYG 9.SCHM 10.SPYM
2020-03-31	283	$1.9B	100	1SPTI 2NOG 3IGIB Top holdings2020-03-31 1.SPTI 2.NOG 3.IGIB 4.FREL 5.HYLB 6.BND 7.SPYM 8.SGOL 9.IJR 10.SPTM
2019-12-31	362	$2.8B	33	1NOG 2HYG 3HYLB Top holdings2019-12-31 1.NOG 2.HYG 3.HYLB 4.SPYM 5.FREL 6.LQD 7.IJR 8.IVV 9.IAUUSD 10.SPTM
2019-09-30	337	$2.6B	25	1HYG 2NOG 3IVV Top holdings2019-09-30 1.HYG 2.NOG 3.IVV 4.FREL 5.LQD 6.IAUUSD 7.IEF 8.IJR 9.IJH 10.66538H
2019-06-30	316	$2.4B	19	1HYG 2NOG 3IVV Top holdings2019-06-30 1.HYG 2.NOG 3.IVV 4.FREL 5.LQD 6.IAUUSD 7.IEF 8.IJH 9.IJR 10.66538H
2019-03-31	328	$2.3B	63	1NOG 2HYG 3IVV Top holdings2019-03-31 1.NOG 2.HYG 3.IVV 4.FREL 5.IEF 6.LQD 7.IAUUSD 8.IJR 9.66538H 10.IJH
2018-12-31	315	$2.3B	0	1HYG 2NOG 3FLOT Top holdings2018-12-31 1.HYG 2.NOG 3.FLOT 4.IVV 5.FREL 6.IXUS 7.IJR 8.66538H 9.BBHY 10.IJH
2018-09-30	315	$2.3B	28	1HYG 2NOG 3FLOT Top holdings2018-09-30 1.HYG 2.NOG 3.FLOT 4.IVV 5.FREL 6.IXUS 7.IJR 8.66538H 9.BBHY 10.IJH
2018-06-30	303	$2.1B	43	1HYG 2FLOT 3NOG Top holdings2018-06-30 1.HYG 2.FLOT 3.NOG 4.IVV 5.GLD 6.IXUS 7.IJR 8.66538H 9.FLRN 10.FNCL
2018-03-31	268	$1.7B	41	1HYG 2NOG 3IVV Top holdings2018-03-31 1.HYG 2.NOG 3.IVV 4.GLD 5.IXUS 6.AGG 7.LQD 8.IJR 9.66538H 10.BBHY
2017-12-31	248	$1.5B	42	1NOG 2HYG 3IVV Top holdings2017-12-31 1.NOG 2.HYG 3.IVV 4.FREL 5.IXUS 6.LQD 7.IGOV 8.IJR 9.66538H 10.BBHY
2017-09-30	218	$1.3B	45	1HYG 2NOG 3IVV Top holdings2017-09-30 1.HYG 2.NOG 3.IVV 4.IXUS 5.FREL 6.LQD 7.IGOV 8.QNDX 9.IJR 10.66538H
2017-06-30	214	$1.1B	49	1HYG 2GLD 3IVV Top holdings2017-06-30 1.HYG 2.GLD 3.IVV 4.IXUS 5.NOG 6.LQD 7.IGOV 8.QNDX 9.ITOT 10.IJR
2017-03-31	211	$907.5M	69	1HYG 2GLD 3IXUS Top holdings2017-03-31 1.HYG 2.GLD 3.IXUS 4.IVV 5.SHY 6.LQD 7.QNDX 8.ITOT 9.FTEC 10.IJR
2016-12-31	182	$746.0M	78	1SHY 2GLD 3FREL Top holdings2016-12-31 1.SHY 2.GLD 3.FREL 4.IVV 5.HYG 6.LQD 7.ITOT 8.VTI 9.FTEC 10.IJR
2016-09-30	141	$674.0M	34	1HYG 2GLD 3FREL Top holdings2016-09-30 1.HYG 2.GLD 3.FREL 4.IVV 5.LQD 6.AGG 7.QNDX 8.IGOV 9.VTI 10.ISTB
2016-06-30	121	$588.5M	66	1GLD 2FREL 3LQD Top holdings2016-06-30 1.GLD 2.FREL 3.LQD 4.HYG 5.IVV 6.IGOV 7.AGG 8.SHY 9.GVI 10.ISTB
2016-03-31	127	$577.2M	93	1GLD 2SHY 3QNDX Top holdings2016-03-31 1.GLD 2.SHY 3.QNDX 4.IYR 5.IVV 6.GVI 7.LQD 8.HYG 9.IGOV 10.XLV
2015-12-31	113	$394.5M	50	1SHY 2IVV 3VTI Top holdings2015-12-31 1.SHY 2.IVV 3.VTI 4.GVI 5.IGOV 6.XLB 7.ITOT 8.IEF 9.TLT 10.BIV
2015-09-30	88	$313.3M	100	1SHY 2IVV 3GVI Top holdings2015-09-30 1.SHY 2.IVV 3.GVI 4.VTI 5.XLV 6.IEF 7.ITOT 8.TLT 9.BIV 10.SCHO
2015-06-30	117	$358.4M	92	1IVV 2SHY 3VTI Top holdings2015-06-30 1.IVV 2.SHY 3.VTI 4.AGG 5.IGOV 6.GVI 7.ITOT 8.BND 9.BWX 10.SCHB
2015-03-31	83	$323.9M	54	1IYR 2AGG 3VNQ Top holdings2015-03-31 1.IYR 2.AGG 3.VNQ 4.IVV 5.LQD 6.VTI 7.GVI 8.BND 9.SHY 10.IGOV
2014-12-31	81	$258.5M	0	1SHY 2IYR 3IVV Top holdings2014-12-31 1.SHY 2.IYR 3.IVV 4.AGG 5.VNQ 6.VTI 7.LQD 8.BND 9.GVI 10.BIV

Holding changes this quarter

FormulaFolio Investments, LLC's most significant position changes for 2021-06-30: Sold out: Northern Oil and Gas, Inc. (NOG); Sold out: Xtrackers Usd High Yield Cor (HYLB); Sold out: Schwab US Mid Cap ETF (SCHM); Sold out: Ste Str Spdr Pt S&p 500 ETF (SPYM); Sold out: Vanguard Total Bond Market (BND).

Position changes disclosed by FormulaFolio Investments, LLC for the quarter ending 2021-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NOG	Northern Oil and Gas, Inc.	—	EXIT	Sold out
2	HYLB	Xtrackers Usd High Yield Cor	—	EXIT	Sold out
3	SCHM	Schwab US Mid Cap ETF	—	EXIT	Sold out
4	SPYM	Ste Str Spdr Pt S&p 500 ETF	—	EXIT	Sold out
5	BND	Vanguard Total Bond Market	—	EXIT	Sold out
6	SPYG	Ss Spdr P S&p 500 Growth ETF	—	EXIT	Sold out
7	IJR	Ishares Core S&p Small-cap E	—	EXIT	Sold out
8	IGIB	Ishares 5-10y Inv Grade CORP	—	EXIT	Sold out
9	VCSH	Vanguard S/t CORP Bond ETF	—	EXIT	Sold out
10	SPDW	Ste Str Spdr Pt Dw EU ETF	—	EXIT	Sold out
11	SPEM	State Street Sp Ptf Em ETF	—	EXIT	Sold out
12	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
13	SPTM	Ss Spdr P S&p 1500 Comp ETF	—	EXIT	Sold out
14	IXUS	Ishares Core Intl Stock ETF	—	EXIT	Sold out
15	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
16	SGOL	Abrdn Physical Gold Shares	—	EXIT	Sold out
17	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
18	FREL	Fidelity Msci Rl Est Indx	—	EXIT	Sold out
19	FMAT	Fidelity Msci Materials Indx	—	EXIT	Sold out
20	VBR	Vanguard Small-cap Value ETF	—	EXIT	Sold out
21	PFFD	Global X US Preferred ETF	—	EXIT	Sold out
22	FUTY	Fidelity Msci US Utilities	—	EXIT	Sold out
23	FDIS	Fidelity Msci Cons Discr Ind	—	EXIT	Sold out
24	SPTS	Ss Spdr P St Term Tsy ETF	—	EXIT	Sold out
25	VOE	Vanguard Mid-cap Value ETF	—	EXIT	Sold out
26	FTEC	Fidelity Msci Info Tech Indx	—	EXIT	Sold out
27	VBK	Vanguard Small-cap Grwth ETF	—	EXIT	Sold out
28	MVV	Proshares Ultra Midcap400	—	EXIT	Sold out
29	FSTA	Fidelity Msci Cons Stap Indx	—	EXIT	Sold out
30	UWM	Proshares Ultra Russell2000	—	EXIT	Sold out
31	SSO	Proshares Ultra S&p500	—	EXIT	Sold out
32	VOT	Vanguard Mid-cap Growth ETF	—	EXIT	Sold out
33	SPYV	Ss Spdr P S&p 500 Value ETF	—	EXIT	Sold out
34	QQQ	Invesco Qqq Trust Series 1	—	EXIT	Sold out
35	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	—	EXIT	Sold out
36	BWX	State Street Spdr Bloomberg	—	EXIT	Sold out
37	SPAB	Ss Spdr P Agg Bond ETF	—	EXIT	Sold out
38	SPTI	Ss Spdr P Int Term Tsy ETF	—	EXIT	Sold out
39	PFIG	Invesco Fundamental Investme	—	EXIT	Sold out
40	IVV	Ishares Core S&p 500 ETF	—	EXIT	Sold out
41	SPSM	Ss Spdr P S&p 600 Small Cap	—	EXIT	Sold out
42	SPMD	Ss Spdr P S&p 400 Midcap ETF	—	EXIT	Sold out
43	SCHP	Schwab U.s. Tips ETF	—	EXIT	Sold out
44	RFDI	First Trst Dyn Devel Int ETF	—	EXIT	Sold out
45	VEA	Vanguard Ftse Developed ETF	—	EXIT	Sold out
46	IJH	Ishares Core S&p Midcap ETF	—	EXIT	Sold out
47	SCHD	Schwab US Dvd Equity ETF	—	EXIT	Sold out
48	VT	Vanguard Tot World Stk ETF	—	EXIT	Sold out
49	USRT	Ishares Core US Reit ETF	—	EXIT	Sold out
50	AAPL	Apple INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2021-06-30	2021-07-28	13F-HR	View on EDGAR
2021-03-31	2021-05-28	13F-HR	View on EDGAR
2020-12-31	2021-03-02	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-08-18	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-01-15	13F-HR	View on EDGAR
2019-09-30	2019-10-23	13F-HR	View on EDGAR
2019-06-30	2019-08-12	13F-HR	View on EDGAR
2019-03-31	2019-05-08	13F-HR	View on EDGAR
2018-12-31	2019-01-03	13F-HR	View on EDGAR
2018-09-30	2018-11-08	13F-HR	View on EDGAR
2018-06-30	2018-07-13	13F-HR	View on EDGAR
2018-03-31	2018-05-01	13F-HR	View on EDGAR
2017-12-31	2018-02-13	13F-HR	View on EDGAR
2017-09-30	2017-10-18	13F-HR	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2017-05-05	13F-HR	View on EDGAR
2016-12-31	2017-02-10	13F-HR	View on EDGAR
2016-09-30	2016-11-08	13F-HR	View on EDGAR
2016-06-30	2016-08-08	13F-HR	View on EDGAR
2016-03-31	2016-05-09	13F-HR	View on EDGAR
2015-12-31	2016-01-28	13F-HR	View on EDGAR
2015-09-30	2015-10-07	13F-HR	View on EDGAR
2015-06-30	2015-07-02	13F-HR	View on EDGAR
2015-03-31	2015-06-17	13F-HR	View on EDGAR
2014-12-31	2015-06-17	13F-HR	View on EDGAR

FAQ

What is FormulaFolio Investments, LLC and what type of investor is it?

FormulaFolio Investments, LLC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-06-30), the firm manages a tracked equity portfolio valued at approximately $299.4M, spread across 524 disclosed positions.

What are FormulaFolio Investments, LLC's largest equity positions?

Based on the latest 13F filing, FormulaFolio Investments, LLC's top holdings by market value are: 1. Northern Oil and Gas, Inc. (NOG) — $30.8M (10.3%) 2. Xtrackers Usd High Yield Cor (HYLB) — $28.2M (9.4%) 3. Schwab US Mid Cap ETF (SCHM) — $19.2M (6.4%) 4. Ste Str Spdr Pt S&p 500 ETF (SPYM) — $16.5M (5.5%) 5. Vanguard Total Bond Market (BND) — $15.0M (5.0%)

What changes did FormulaFolio Investments, LLC make in its most recent portfolio filing?

In the latest quarter, FormulaFolio Investments, LLC took a more defensive posture — trimming 0 positions and completely exiting 50 holdings. The largest of these moves: Sold out: Northern Oil and Gas, Inc. (NOG); Sold out: Xtrackers Usd High Yield Cor (HYLB); Sold out: Schwab US Mid Cap ETF (SCHM); Sold out: Ste Str Spdr Pt S&p 500 ETF (SPYM); Sold out: Vanguard Total Bond Market (BND)

What sectors does FormulaFolio Investments, LLC focus on?

FormulaFolio Investments, LLC is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 31.8% • Financials: 18.7% • Consumer Discretionary: 17.6% • Communication Services: 11.0% • Health Care: 9.6% • Industrials: 5.2%

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FormulaFolio Investments, LLC — 13F Filings Deep Dive

CIK: 0001626982

High-turnover trader

Total reported value

$299.4M

Reporting period: 2021-06-30 · Number of holdings: 524

FormulaFolio Investments, LLC disclosed 524 holdings in its latest 13F filing for the period ending 2021-06-30, with total reported value of $299.4M and a quarterly turnover rate of 101.3%.

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Personality snowflake

Concentration: 0
Portfolio Stability: 100
Momentum/Contrarian: 50
Sector conviction: 57.81
Diversification: 0
Sizing Uniformity: —

Position sizes vary widely across the portfolio (a coefficient of variation of 4.45), with a handful of outsized bets alongside many smaller positions.

No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.

Recent moves

Sold out NOG
Sold out HYLB
Sold out SCHM
Sold out SPYM
Sold out BND
Sold out SPYG

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 200 holdings (of 524 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	NOG	Northern Oil and Gas, Inc.	Stock-Energy	10.30%	-10.81%	EXIT
2	HYLB	Xtrackers Usd High Yield Cor	ETF-High Yield	9.40%	-9.40%	EXIT
3	SCHM	Schwab US Mid Cap ETF	ETF-Other	6.41%	-6.48%	EXIT
4	SPYM	Ste Str Spdr Pt S&p 500 ETF	ETF-Large Cap & Growth	5.51%	-5.39%	EXIT
5	BND	Vanguard Total Bond Market	ETF-Other	5.00%	-5.00%	EXIT
6	SPYG	Ss Spdr P S&p 500 Growth ETF	ETF-Large Cap & Growth	3.79%	-3.74%	EXIT
7	IJR	Ishares Core S&p Small-cap E	ETF-Small Cap	3.55%	-3.49%	EXIT
8	IGIB	Ishares 5-10y Inv Grade CORP	ETF-Corp Bonds	3.09%	-3.07%	EXIT
9	VCSH	Vanguard S/t CORP Bond ETF	ETF-Corp Bonds	2.92%	-2.76%	EXIT
10	SPDW	Ste Str Spdr Pt Dw EU ETF	ETF-Other	2.70%	-2.75%	EXIT
11	SPEM	State Street Sp Ptf Em ETF	ETF-Other	2.29%	-2.25%	EXIT
12	SPTM	Ss Spdr P S&p 1500 Comp ETF	ETF-Other	2.22%	-2.19%	EXIT
13	✓	Northern Lts Fd Tr Iv	Stock-Other	2.09%	-2.24%	EXIT
14	IXUS	Ishares Core Intl Stock ETF	ETF-Other	2.05%	-2.06%	EXIT
15	✓	Northern Lts Fd Tr Iv	Stock-Other	1.96%	-2.00%	EXIT
16	SGOL	Abrdn Physical Gold Shares	ETF-Commodities	1.64%	-1.72%	EXIT
17	✓	Northern Lts Fd Tr Iv	Stock-Other	1.61%	-1.63%	EXIT
18	FREL	Fidelity Msci Rl Est Indx	ETF-Other	1.51%	-1.47%	EXIT
19	PFFD	Global X US Preferred ETF	ETF-Other	1.37%	-1.26%	EXIT
20	VBR	Vanguard Small-cap Value ETF	ETF-Other	1.26%	-1.31%	EXIT
21	SPTS	Ss Spdr P St Term Tsy ETF	ETF-Other	1.25%	-1.19%	EXIT
22	FMAT	Fidelity Msci Materials Indx	ETF-Other	1.19%	-1.38%	EXIT
23	FDIS	Fidelity Msci Cons Discr Ind	ETF-Other	1.16%	-1.20%	EXIT
24	FTEC	Fidelity Msci Info Tech Indx	ETF-Tech	1.16%	-1.13%	EXIT
25	FUTY	Fidelity Msci US Utilities	ETF-Other	1.13%	-1.26%	EXIT
26	VOE	Vanguard Mid-cap Value ETF	ETF-Other	1.08%	-1.14%	EXIT
27	VBK	Vanguard Small-cap Grwth ETF	ETF-Other	0.99%	-0.95%	EXIT
28	MVV	Proshares Ultra Midcap400	ETF-Other	0.93%	-0.94%	EXIT
29	UWM	Proshares Ultra Russell2000	ETF-Other	0.92%	-0.85%	EXIT
30	FSTA	Fidelity Msci Cons Stap Indx	ETF-Other	0.89%	-0.90%	EXIT
31	SSO	Proshares Ultra S&p500	ETF-Other	0.85%	-0.80%	EXIT
32	VOT	Vanguard Mid-cap Growth ETF	ETF-Other	0.84%	-0.79%	EXIT
33	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	0.79%	-0.74%	EXIT
34	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	ETF-Other	0.71%	-0.68%	EXIT
35	SPYV	Ss Spdr P S&p 500 Value ETF	ETF-Large Cap & Growth	0.70%	-0.75%	EXIT
36	SPAB	Ss Spdr P Agg Bond ETF	ETF-Other	0.68%	-0.65%	EXIT
37	BWX	State Street Spdr Bloomberg	ETF-Other	0.64%	-0.66%	EXIT
38	SPTI	Ss Spdr P Int Term Tsy ETF	ETF-Other	0.63%	-0.63%	EXIT
39	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	0.60%	-0.57%	EXIT
40	SPSM	Ss Spdr P S&p 600 Small Cap	ETF-Small Cap	0.57%	-0.55%	EXIT
41	PFIG	Invesco Fundamental Investme	ETF-Other	0.54%	-0.59%	EXIT
42	SPMD	Ss Spdr P S&p 400 Midcap ETF	ETF-Other	0.53%	-0.53%	EXIT
43	SCHP	Schwab U.s. Tips ETF	ETF-Other	0.50%	-0.49%	EXIT
44	VEA	Vanguard Ftse Developed ETF	ETF-Other	0.40%	-0.35%	EXIT
45	RFDI	First Trst Dyn Devel Int ETF	ETF-Other	0.40%	-0.38%	EXIT
46	IJH	Ishares Core S&p Midcap ETF	ETF-Other	0.35%	-0.35%	EXIT
47	SCHD	Schwab US Dvd Equity ETF	ETF-Other	0.33%	-0.34%	EXIT
48	VT	Vanguard Tot World Stk ETF	ETF-Other	0.32%	-0.32%	EXIT
49	USRT	Ishares Core US Reit ETF	ETF-Other	0.32%	-0.30%	EXIT
50	VUG	Vanguard Growth ETF	ETF-Other	0.31%	—	+15.06%

1–50 of 200

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2021-06-30	524	$299.4M	100	1NOG 2HYLB 3SCHM Top holdings2021-06-30 1.NOG 2.HYLB 3.SCHM 4.SPYM 5.BND 6.SPYG 7.IJR 8.IGIB 9.VCSH 10.SPDW
2021-03-31	502	$307.6M	100	1NOG 2HYLB 3SCHM Top holdings2021-03-31 1.NOG 2.HYLB 3.SCHM 4.SPYM 5.BND 6.SPYG 7.IJR 8.IGIB 9.VCSH 10.SPDW
2020-12-31	670	$4.8B	80	1HYLB 2NOG 3SPY Top holdings2020-12-31 1.HYLB 2.NOG 3.SPY 4.SCHM 5.ICVT 6.QQQ 7.SPYG 8.USMV 9.BND 10.IGIB
2020-09-30	315	$2.6B	55	1HYLB 2NOG 3BND Top holdings2020-09-30 1.HYLB 2.NOG 3.BND 4.SPYM 5.SPYG 6.IGIB 7.ICVT 8.IJR 9.QQQ 10.VGIT
2020-06-30	288	$2.5B	58	1NOG 2HYLB 3VGIT Top holdings2020-06-30 1.NOG 2.HYLB 3.VGIT 4.SPTI 5.IGIB 6.HYMB 7.BND 8.SPYG 9.SCHM 10.SPYM
2020-03-31	283	$1.9B	100	1SPTI 2NOG 3IGIB Top holdings2020-03-31 1.SPTI 2.NOG 3.IGIB 4.FREL 5.HYLB 6.BND 7.SPYM 8.SGOL 9.IJR 10.SPTM
2019-12-31	362	$2.8B	33	1NOG 2HYG 3HYLB Top holdings2019-12-31 1.NOG 2.HYG 3.HYLB 4.SPYM 5.FREL 6.LQD 7.IJR 8.IVV 9.IAUUSD 10.SPTM
2019-09-30	337	$2.6B	25	1HYG 2NOG 3IVV Top holdings2019-09-30 1.HYG 2.NOG 3.IVV 4.FREL 5.LQD 6.IAUUSD 7.IEF 8.IJR 9.IJH 10.66538H
2019-06-30	316	$2.4B	19	1HYG 2NOG 3IVV Top holdings2019-06-30 1.HYG 2.NOG 3.IVV 4.FREL 5.LQD 6.IAUUSD 7.IEF 8.IJH 9.IJR 10.66538H
2019-03-31	328	$2.3B	63	1NOG 2HYG 3IVV Top holdings2019-03-31 1.NOG 2.HYG 3.IVV 4.FREL 5.IEF 6.LQD 7.IAUUSD 8.IJR 9.66538H 10.IJH
2018-12-31	315	$2.3B	0	1HYG 2NOG 3FLOT Top holdings2018-12-31 1.HYG 2.NOG 3.FLOT 4.IVV 5.FREL 6.IXUS 7.IJR 8.66538H 9.BBHY 10.IJH
2018-09-30	315	$2.3B	28	1HYG 2NOG 3FLOT Top holdings2018-09-30 1.HYG 2.NOG 3.FLOT 4.IVV 5.FREL 6.IXUS 7.IJR 8.66538H 9.BBHY 10.IJH
2018-06-30	303	$2.1B	43	1HYG 2FLOT 3NOG Top holdings2018-06-30 1.HYG 2.FLOT 3.NOG 4.IVV 5.GLD 6.IXUS 7.IJR 8.66538H 9.FLRN 10.FNCL
2018-03-31	268	$1.7B	41	1HYG 2NOG 3IVV Top holdings2018-03-31 1.HYG 2.NOG 3.IVV 4.GLD 5.IXUS 6.AGG 7.LQD 8.IJR 9.66538H 10.BBHY
2017-12-31	248	$1.5B	42	1NOG 2HYG 3IVV Top holdings2017-12-31 1.NOG 2.HYG 3.IVV 4.FREL 5.IXUS 6.LQD 7.IGOV 8.IJR 9.66538H 10.BBHY
2017-09-30	218	$1.3B	45	1HYG 2NOG 3IVV Top holdings2017-09-30 1.HYG 2.NOG 3.IVV 4.IXUS 5.FREL 6.LQD 7.IGOV 8.QNDX 9.IJR 10.66538H
2017-06-30	214	$1.1B	49	1HYG 2GLD 3IVV Top holdings2017-06-30 1.HYG 2.GLD 3.IVV 4.IXUS 5.NOG 6.LQD 7.IGOV 8.QNDX 9.ITOT 10.IJR
2017-03-31	211	$907.5M	69	1HYG 2GLD 3IXUS Top holdings2017-03-31 1.HYG 2.GLD 3.IXUS 4.IVV 5.SHY 6.LQD 7.QNDX 8.ITOT 9.FTEC 10.IJR
2016-12-31	182	$746.0M	78	1SHY 2GLD 3FREL Top holdings2016-12-31 1.SHY 2.GLD 3.FREL 4.IVV 5.HYG 6.LQD 7.ITOT 8.VTI 9.FTEC 10.IJR
2016-09-30	141	$674.0M	34	1HYG 2GLD 3FREL Top holdings2016-09-30 1.HYG 2.GLD 3.FREL 4.IVV 5.LQD 6.AGG 7.QNDX 8.IGOV 9.VTI 10.ISTB
2016-06-30	121	$588.5M	66	1GLD 2FREL 3LQD Top holdings2016-06-30 1.GLD 2.FREL 3.LQD 4.HYG 5.IVV 6.IGOV 7.AGG 8.SHY 9.GVI 10.ISTB
2016-03-31	127	$577.2M	93	1GLD 2SHY 3QNDX Top holdings2016-03-31 1.GLD 2.SHY 3.QNDX 4.IYR 5.IVV 6.GVI 7.LQD 8.HYG 9.IGOV 10.XLV
2015-12-31	113	$394.5M	50	1SHY 2IVV 3VTI Top holdings2015-12-31 1.SHY 2.IVV 3.VTI 4.GVI 5.IGOV 6.XLB 7.ITOT 8.IEF 9.TLT 10.BIV
2015-09-30	88	$313.3M	100	1SHY 2IVV 3GVI Top holdings2015-09-30 1.SHY 2.IVV 3.GVI 4.VTI 5.XLV 6.IEF 7.ITOT 8.TLT 9.BIV 10.SCHO
2015-06-30	117	$358.4M	92	1IVV 2SHY 3VTI Top holdings2015-06-30 1.IVV 2.SHY 3.VTI 4.AGG 5.IGOV 6.GVI 7.ITOT 8.BND 9.BWX 10.SCHB
2015-03-31	83	$323.9M	54	1IYR 2AGG 3VNQ Top holdings2015-03-31 1.IYR 2.AGG 3.VNQ 4.IVV 5.LQD 6.VTI 7.GVI 8.BND 9.SHY 10.IGOV
2014-12-31	81	$258.5M	0	1SHY 2IYR 3IVV Top holdings2014-12-31 1.SHY 2.IYR 3.IVV 4.AGG 5.VNQ 6.VTI 7.LQD 8.BND 9.GVI 10.BIV

Holding changes this quarter

Position changes disclosed by FormulaFolio Investments, LLC for the quarter ending 2021-06-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	NOG	Northern Oil and Gas, Inc.	—	EXIT	Sold out
2	HYLB	Xtrackers Usd High Yield Cor	—	EXIT	Sold out
3	SCHM	Schwab US Mid Cap ETF	—	EXIT	Sold out
4	SPYM	Ste Str Spdr Pt S&p 500 ETF	—	EXIT	Sold out
5	BND	Vanguard Total Bond Market	—	EXIT	Sold out
6	SPYG	Ss Spdr P S&p 500 Growth ETF	—	EXIT	Sold out
7	IJR	Ishares Core S&p Small-cap E	—	EXIT	Sold out
8	IGIB	Ishares 5-10y Inv Grade CORP	—	EXIT	Sold out
9	VCSH	Vanguard S/t CORP Bond ETF	—	EXIT	Sold out
10	SPDW	Ste Str Spdr Pt Dw EU ETF	—	EXIT	Sold out
11	SPEM	State Street Sp Ptf Em ETF	—	EXIT	Sold out
12	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
13	SPTM	Ss Spdr P S&p 1500 Comp ETF	—	EXIT	Sold out
14	IXUS	Ishares Core Intl Stock ETF	—	EXIT	Sold out
15	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
16	SGOL	Abrdn Physical Gold Shares	—	EXIT	Sold out
17	✓	Northern Lts Fd Tr Iv	—	EXIT	Sold out
18	FREL	Fidelity Msci Rl Est Indx	—	EXIT	Sold out
19	FMAT	Fidelity Msci Materials Indx	—	EXIT	Sold out
20	VBR	Vanguard Small-cap Value ETF	—	EXIT	Sold out
21	PFFD	Global X US Preferred ETF	—	EXIT	Sold out
22	FUTY	Fidelity Msci US Utilities	—	EXIT	Sold out
23	FDIS	Fidelity Msci Cons Discr Ind	—	EXIT	Sold out
24	SPTS	Ss Spdr P St Term Tsy ETF	—	EXIT	Sold out
25	VOE	Vanguard Mid-cap Value ETF	—	EXIT	Sold out
26	FTEC	Fidelity Msci Info Tech Indx	—	EXIT	Sold out
27	VBK	Vanguard Small-cap Grwth ETF	—	EXIT	Sold out
28	MVV	Proshares Ultra Midcap400	—	EXIT	Sold out
29	FSTA	Fidelity Msci Cons Stap Indx	—	EXIT	Sold out
30	UWM	Proshares Ultra Russell2000	—	EXIT	Sold out
31	SSO	Proshares Ultra S&p500	—	EXIT	Sold out
32	VOT	Vanguard Mid-cap Growth ETF	—	EXIT	Sold out
33	SPYV	Ss Spdr P S&p 500 Value ETF	—	EXIT	Sold out
34	QQQ	Invesco Qqq Trust Series 1	—	EXIT	Sold out
35	SPTL	Ss Spdr Pf Lng Trm Tsy E-usd	—	EXIT	Sold out
36	BWX	State Street Spdr Bloomberg	—	EXIT	Sold out
37	SPAB	Ss Spdr P Agg Bond ETF	—	EXIT	Sold out
38	SPTI	Ss Spdr P Int Term Tsy ETF	—	EXIT	Sold out
39	PFIG	Invesco Fundamental Investme	—	EXIT	Sold out
40	IVV	Ishares Core S&p 500 ETF	—	EXIT	Sold out
41	SPSM	Ss Spdr P S&p 600 Small Cap	—	EXIT	Sold out
42	SPMD	Ss Spdr P S&p 400 Midcap ETF	—	EXIT	Sold out
43	SCHP	Schwab U.s. Tips ETF	—	EXIT	Sold out
44	RFDI	First Trst Dyn Devel Int ETF	—	EXIT	Sold out
45	VEA	Vanguard Ftse Developed ETF	—	EXIT	Sold out
46	IJH	Ishares Core S&p Midcap ETF	—	EXIT	Sold out
47	SCHD	Schwab US Dvd Equity ETF	—	EXIT	Sold out
48	VT	Vanguard Tot World Stk ETF	—	EXIT	Sold out
49	USRT	Ishares Core US Reit ETF	—	EXIT	Sold out
50	AAPL	Apple INC	—	EXIT	Sold out

Filing History

Period	Filed	Type	EDGAR
2021-06-30	2021-07-28	13F-HR	View on EDGAR
2021-03-31	2021-05-28	13F-HR	View on EDGAR
2020-12-31	2021-03-02	13F-HR	View on EDGAR
2020-09-30	2020-10-15	13F-HR	View on EDGAR
2020-06-30	2020-08-18	13F-HR	View on EDGAR
2020-03-31	2020-05-14	13F-HR	View on EDGAR
2019-12-31	2020-01-15	13F-HR	View on EDGAR
2019-09-30	2019-10-23	13F-HR	View on EDGAR
2019-06-30	2019-08-12	13F-HR	View on EDGAR
2019-03-31	2019-05-08	13F-HR	View on EDGAR
2018-12-31	2019-01-03	13F-HR	View on EDGAR
2018-09-30	2018-11-08	13F-HR	View on EDGAR
2018-06-30	2018-07-13	13F-HR	View on EDGAR
2018-03-31	2018-05-01	13F-HR	View on EDGAR
2017-12-31	2018-02-13	13F-HR	View on EDGAR
2017-09-30	2017-10-18	13F-HR	View on EDGAR
2017-06-30	2017-08-11	13F-HR	View on EDGAR
2017-03-31	2017-05-05	13F-HR	View on EDGAR
2016-12-31	2017-02-10	13F-HR	View on EDGAR
2016-09-30	2016-11-08	13F-HR	View on EDGAR
2016-06-30	2016-08-08	13F-HR	View on EDGAR
2016-03-31	2016-05-09	13F-HR	View on EDGAR
2015-12-31	2016-01-28	13F-HR	View on EDGAR
2015-09-30	2015-10-07	13F-HR	View on EDGAR
2015-06-30	2015-07-02	13F-HR	View on EDGAR
2015-03-31	2015-06-17	13F-HR	View on EDGAR
2014-12-31	2015-06-17	13F-HR	View on EDGAR