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Institutional Investment Manager
Formidable Asset Management, LLC
Formidable Asset Management, LLC (CIK: 0001592613) incorporated in Ohio, located at 221 E. 4th Street, Cincinnati, OH. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 506 holdings with a total value of $146,434,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 AMERICAN EXPRESS CO 971 90,000 0.06%
152 VANGUARD INDEX FDS 475 89,000 0.06%
153 ISHARES TR 2,200 87,000 0.06%
154 Ishares - Japan 7,700 87,000 0.06%
155 PROSHARES TR 654 84,000 0.06%
156 ISHARES TR 0 83,000 0.06%
157 ARES CAPITAL CORP 5,272 82,000 0.06%
158 NATIONAL OILWELL VARCO INC 1,230 81,000 0.06%
159 APACHE CORP 1,300 81,000 0.06%
160 RAYMOND JAMES FINANC 1,373 79,000 0.05%
161 HILL ROM HLDGS INC 1,713 78,000 0.05%
162 CHENIERE ENERGY INC 1,083 76,000 0.05%
163 ISHARES 5-10 YEAR INVESTMENT GRADE CORPORATE BOND ETF 695 76,000 0.05%
164 NUVEEN NASDAQ 100 DYNAMIC OV 3,920 75,000 0.05%
165 ADOBE INC 1,035 75,000 0.05%
166 SELECT SECTOR SPDR TR 1,095 75,000 0.05%
167 DIREXION SHS ETF TR 576 73,000 0.05%
168 PHILLIPS 66 1,021 73,000 0.05%
169 NEW AMER HIGH INCOME FD INC 8,093 72,000 0.05%
170 National Australia Bank ADR 1,275 72,000 0.05%
171 YAHOO INC 1,400 71,000 0.05%
172 STANLEY BLACK &DECKER INC 730 70,000 0.05%
173 LEVEL 3 COMM 1,403 69,000 0.05%
174 ARCHER DANIELS MIDLAND CO 1,261 66,000 0.05%
175 TRAVELERS COMPANIES INC 620 66,000 0.05%
176 BB&T CORP 1,680 65,000 0.04%
177 LCNB CORP COM 4,260 64,000 0.04%
178 CLOROX CO DEL 600 63,000 0.04%
179 FNB CORP PA 4,622 62,000 0.04%
180 SELECT SECTOR SPDR TR 1,509 62,000 0.04%
181 DEVON ENERGY CORP NEW 1,000 61,000 0.04%
182 TETRAPHASE PHARMACEUTICALS INC COM 1,475 59,000 0.04%
183 MCDONALDS CORP 622 58,000 0.04%
184 CLAYMORE EXCHANGE TRD FD TR 2,300 56,000 0.04%
185 PRICE T ROWE GROUP INC 650 56,000 0.04%
186 RAYTHEON CO 522 56,000 0.04%
187 EXPRESS SCRIPTS HLDG CO 650 55,000 0.04%
188 KINDER MORGAN INC DEL 1,299 55,000 0.04%
189 CSX CORP 1,500 54,000 0.04%
190 ISHARES TR 371 54,000 0.04%
191 ROCKWELL COLLINS INC 642 54,000 0.04%
192 SELECT SECTOR SPDR TR 670 53,000 0.04%
193 Hewlett Packard Co 1,308 52,000 0.04%
194 DU PONT E I DE NEMOURS & CO 708 52,000 0.04%
195 ALPHATEC HOLDINGS INC 37,231 52,000 0.04%
196 FORD MTR CO DEL 3,275 51,000 0.03%
197 CITIGROUPINC 929 50,000 0.03%
198 FIRST TR EXCHANGE TRADED FD 1,409 50,000 0.03%
199 MEDIVATION INC 500 50,000 0.03%
200 SPDR DOW JONES INDL AVRG ETF 275 49,000 0.03%
Page 4 of 11

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001592613-15-000001, filed 2015.02.27).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.