International Business Machines Corporation
BG ˙ BUL ˙ US4592001014
SecurityBG:IBM / International Business Machines Corporation
InstitutionFormidable Asset Management, LLC
Latest Disclosed Ownership14,955 shares
Latest Disclosed Value $ 4,429,947
Formidable Asset Management, LLC reports 1.61% increase in ownership of IBM / International Business Machines Corporation

On April 22, 2026 - Formidable Asset Management, LLC filed a 13F-HR form disclosing ownership of 14,955 shares of International Business Machines Corporation (BG:IBM) valued at $4,429,947 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 16, 2026 disclosing 14,718 shares of International Business Machines Corporation. This represents a change in shares of 1.61% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-22 2026-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,955 237 1.61 4,430 6.67 0.6839
2026-01-16 2025-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 14,718 1,785 13.80 4,153 8.92 0.6042
2025-10-29 2025-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,933 -21 -0.16 3,812 18.35 0.6004
2025-07-16 2025-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,954 0 0.00 3,221 0.00 0.5387
2025-05-05 2025-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,954 270 2.13 3,221 15.53 0.5385
2025-02-19 2024-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 12,684 5,389 73.87 2,788 72.95 0.4579
2024-11-12 2024-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,295 -592 -7.51 1,613 18.18 0.2576
2024-08-08 2024-06-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,887 606 8.32 1,364 -1.87 0.2206
2024-05-15 2024-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 7,281 4,365 149.69 1,390 192.02 0.2267
2024-02-07 2023-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 2,916 -292 -9.10 477 5.78 0.0990
2023-11-09 2023-09-30 13F IBM COM 459200101 3,208 -68 -2.08 450 0.0997
2023-08-15 2023-06-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 3,276 -10 -0.30 0 0.0956
2023-05-09 2023-03-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 3,286 0 0.00 0 0.0915
2023-02-07 2022-12-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 3,286 0 0.00 0 -100.00 0.1046
2022-11-14 2022-09-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 3,286 0 0.00 439 -3.30 0.1018
2022-08-18 2022-06-30 13F/A-1 INTERNATIONAL BUSINESS MACHINES COM 459200101 3,286 367 12.57 454 19.79 0.1022
2022-08-16 2022-06-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 3,286 367 454 0.1054
2022-05-04 2022-03-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 2,919 -12 -0.41 379 -5.72 0.0727
2022-02-07 2021-12-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 2,931 689 30.73 402 28.85 0.0771
2021-11-10 2021-09-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 2,242 0 0.00 312 -0.95 0.0586
2021-08-16 2021-06-30 13F/A-2 INTERNATIONAL BUS MACH CORP COM Common Stock 459200101 2,242 -478 -17.57 315 -13.22 0.0676
2021-08-06 2021-06-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 100 -2,620 268 0.0631
2021-05-12 2021-03-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 2,720 321 13.38 363 21.81 0.0789
2021-01-29 2020-12-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 2,399 0 0.00 298 3.11 0.0691
2020-12-14 2020-09-30 13F/A-1 INTERNATIONAL BUSINESS MACHINES Equity 459200101 2,399 197 8.95 289 6.64 0.0842
2020-11-13 2020-09-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 2,399 197 289 78,719.9965
2020-08-13 2020-06-30 13F INTERNATIONAL BUSINESS MACHINES Equity 459200101 2,202 -86 -3.76 271 6.69 0.0799
2020-06-01 2020-03-31 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 2,288 -1,314 -36.48 254 -49.30 0.1000
2020-02-13 2019-12-31 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 3,602 3,602 501 0.1579
2019-11-08 2019-09-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 0 -3,510 -100.00 0 -100.00
2019-10-15 2019-06-30 13F INTERNATIONAL BUS MACH CORP COM COM 459200101 3,510 3,510 520 0.1788
2018-02-13 2017-12-31 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 0 -4,648 -100.00 0 -100.00
2017-11-13 2017-09-30 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 4,648 -424 -8.36 674 -13.59 0.2844
2017-08-11 2017-06-30 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 5,072 -218 -4.12 780 -3.70 0.3847
2017-05-12 2017-03-31 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 5,290 -603 -10.23 810 -17.18 0.3532
2017-02-08 2016-12-31 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 5,893 -16 -0.27 978 4.15 0.4941
2016-11-14 2016-09-30 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 5,909 -313 -5.03 939 -6.47 0.4667
2016-08-12 2016-06-30 13F INTERNATIONAL BUSINESS MACHINES Common 459200101 6,222 -394 -5.96 1,004 2.03 0.5588
2016-05-10 2016-03-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,616 -55 -0.82 984 9.21 0.6916
2016-02-02 2015-12-31 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,671 0 0.00 901 -6.83 0.6242
2015-11-12 2015-09-30 13F INTERNATIONAL BUSINESS MACHS COM 459200101 6,671 -151 -2.21 967 -12.88 0.6457
2015-08-14 2015-06-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 6,822 0 0.00 1,110 -4.56 0.7079
2015-05-14 2015-03-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 6,822 -214 -3.04 1,163 3.01 0.7651
2015-02-27 2014-12-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 7,036 -17 -0.24 1,129 -2.59 0.7710
2014-11-14 2014-09-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 7,053 2,564 57.12 1,159 42.38 0.7659
2014-08-21 2014-06-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 4,489 30 0.67 814 -5.46 0.4918
2014-05-15 2014-03-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 4,459 62 1.41 861 10.53 0.6012
2014-02-18 2013-12-31 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 4,397 -112 -2.48 779 -6.59 0.5244
2013-11-26 2013-09-30 13F INTERNATIONAL BUSINESS MACHINES COM 459200101 4,509 4,509 834 0.7205
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.