USA Financial Formulas — Q3 2025 13F Holdings

Name: USA Financial Formulas — 13F Holdings, Q3 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001633716

Total reported value

$530.5M

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Full holdings list this quarter

Showing top 200 holdings (of 257 total)

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	IVV	Ishares Core S&p 500 ETF	ETF-Large Cap & Growth	14.00%	-7.61%	+284.41%
2	EEM	Ishares Msci Emerging Market	ETF-Emerging Markets	11.92%	-11.26%	-9.95%
3	IVW	Ishares S&p 500 Growth ETF	ETF-Large Cap & Growth	11.64%	-11.14%	-4.47%
4	QQQ	Invesco Qqq Trust Series 1	ETF-Tech	11.50%	-11.15%	-5.16%
5	SPY	Ss Spdr S&p 500 ETF Trust-us	ETF-Large Cap & Growth	11.40%	-11.74%	-10.53%
6	EFA	Ishares Msci Eafe ETF	ETF-Other	11.37%	-11.69%	-8.90%
7	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	ETF-Corp Bonds	3.44%	-2.05%	-49.62%
8	GSG	Ishares S&p Gsci Commodity I	ETF-Commodities	1.43%	+3.44%	-64.91%
9	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	ETF-High Yield	1.28%	-1.19%	-14.77%
10	SIXJ	Allian US Equ 6 Mon Bu10-usd	ETF-Other	0.85%	—	-17.32%
11	SIXO	Allian US Equ 6 Mon Bu10-usd	ETF-Other	0.82%	—	-16.80%
12	IYZ	Ishares US Telecommunication	ETF-Other	0.52%	-0.50%	EXIT
13	IYW	Ishares Ustechnology ETF	ETF-Tech	0.52%	-0.48%	EXIT
14	IYF	Ishares US Financials ETF	ETF-Other	0.51%	—	-22.60%
15	IDU	Ishares US Utilities ETF	ETF-Other	0.50%	-0.46%	EXIT
16	WBD	Warner Bros Discovery INC	Stock-Comm Services	0.49%	—	—
17	CSCO	Cisco Systems INC	Stock-Tech	0.46%	—	-16.54%
18	ARLU	Allianzim US Bf15 Uncap Apr	ETF-Other	0.44%	—	-17.68%
19	JULU	Allianzim US Bf15 Uncap Jul	ETF-Other	0.43%	—	-17.63%
20	OCTU	Allianzim US Bf15 Uncap Oct	ETF-Other	0.43%	—	-17.25%
21	JANU	Allianzim US Bf15 Uncap Jan	ETF-Other	0.43%	—	-17.34%
22	IDXX	Idexx Laboratories INC	Stock-Healthcare	0.42%	-0.26%	—
23	EA	Electronic Arts INC	Stock-Comm Services	0.34%	—	—
24	RTX	Rtx CORP	Stock-Industrials	0.32%	—	-15.75%
25	MNST	Monster Beverage CORP	Stock-Consumer Staples	0.32%	-0.21%	-39.61%
26	BNY	Bank Of New York Mellon CORP	Stock-Financials	0.31%	—	+10831.76%
27	INTU	Intuit INC	Stock-Tech	0.30%	—	—
28	CSGP	Costar Group INC	Stock-Real Estate	0.28%	—	—
29	ETR	Entergy CORP	Stock-Utilities	0.24%	—	-16.20%
30	C	Citigroup INC	Stock-Financials	0.23%	—	—
31	JNJ	Johnson & Johnson	Stock-Healthcare	0.22%	—	-18.85%
32	JPM	Jpmorgan Chase & Co	Stock-Financials	0.21%	-0.13%	—
33	EW	Edwards Lifesciences CORP	Stock-Healthcare	0.21%	-0.13%	-9.30%
34	WDC	Western Digital CORP	Stock-Tech	0.20%	+0.16%	—
35	GS	Goldman Sachs Group INC	Stock-Financials	0.18%	—	—
36	CNP	Centerpoint Energy INC	Stock-Utilities	0.18%	—	+6.30%
37	GLW	Corning INC	Stock-Tech	0.18%	—	—
38	VEU	Vanguard Ftse All-world Ex-u	ETF-Other	0.17%	—	+514.90%
39	IEV	Ishares Europe ETF	ETF-Other	0.17%	—	-12.43%
40	VSS	Vanguard Ftse All Wo X-us Sc	ETF-Other	0.17%	—	+497.29%
41	NDAQ	Nasdaq INC	Stock-Financials	0.17%	—	—
42	APH	Amphenol Corp-cl A	Stock-Tech	0.16%	—	—
43	APTV	Aptiv PLC	Stock-Consumer Disc	0.16%	—	—
44	NEM	Newmont CORP	Stock-Materials	0.16%	—	—
45	ESGE	Ishares INC Ishares Esg Awar	ETF-Other	0.16%	—	-19.03%
46	HWM	Howmet Aerospace INC	Stock-Industrials	0.16%	—	-13.75%
47	JNJ	Johnson & Johnson	Stock-Healthcare	0.15%	—	+177.41%
48	ATO	Atmos Energy CORP	Stock-Utilities	0.15%	—	-30.22%
49	PPA	Invesco Aerospace & Defense	ETF-Other	0.15%	—	—
50	EVRG	Evergy INC	Stock-Utilities	0.15%	—	+6.10%

1–50 of 200

Holding changes this quarter

Position changes disclosed by USA Financial Formulas for the quarter ending Q3 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	EFA	Ishares Msci Eafe ETF	+11.3%	-8.90%	Add
2	QQQ	Invesco Qqq Trust Series 1	+10.7%	-5.16%	Add
3	IVV	Ishares Core S&p 500 ETF	+8.4%	+284.41%	Add
4	HYG	Ishr Ibx Usd Hiyld Cb Etf-ui	+1.3%	-14.77%	Add
5	SIXJ	Allian US Equ 6 Mon Bu10-usd	+0.9%	-17.32%	Add
6	SIXO	Allian US Equ 6 Mon Bu10-usd	+0.8%	-16.80%	Add
7	WBD	Warner Bros Discovery INC	+0.5%	—	Add
8	ARLU	Allianzim US Bf15 Uncap Apr	+0.4%	-17.68%	Add
9	JULU	Allianzim US Bf15 Uncap Jul	+0.4%	-17.63%	Add
10	OCTU	Allianzim US Bf15 Uncap Oct	+0.4%	-17.25%	Add
11	JANU	Allianzim US Bf15 Uncap Jan	+0.4%	-17.34%	Add
12	EA	Electronic Arts INC	+0.3%	—	Add
13	MA	Mastercard INC - A	-0.2%	-80.61%	Trim
14	ABT	Abbott Laboratories	-0.2%	-91.20%	Trim
15	EXC	Exelon CORP	-0.3%	-99.74%	Trim
16	GILD	Gilead Sciences INC	-0.5%	-99.80%	Trim
17	LQD	Ishr Ibx Usd Invgd Cb Etf-ui	-2.1%	-49.62%	Trim
18	IVW	Ishares S&p 500 Growth ETF	-8.5%	-4.47%	Trim
19	SPY	Ss Spdr S&p 500 ETF Trust-us	-9.1%	-10.53%	Trim
20	DIA	Ss Spdr Dow Jones Indus Avg	-20%	-86.75%	Trim
21	EEM	Ishares Msci Emerging Market	—	NEW	New buy
22	BIL	Ss Spdr Bb 1-3m T-bill ETF	—	EXIT	Sold out
23	IEF	Ishares 7-10 Year Treasury B	—	EXIT	Sold out
24	GSG	Ishares S&p Gsci Commodity I	—	NEW	New buy
25	IJJ	Ishares S&p Mid-cap 400 Valu	—	EXIT	Sold out
26	IJS	Ishares S&p Small-cap 600 Va	—	EXIT	Sold out
27	IYZ	Ishares US Telecommunication	—	NEW	New buy
28	IYW	Ishares Ustechnology ETF	—	NEW	New buy
29	IYF	Ishares US Financials ETF	—	NEW	New buy
30	IDU	Ishares US Utilities ETF	—	NEW	New buy
31	TMUS	T-mobile US INC	—	EXIT	Sold out
32	FTNT	Fortinet INC	—	EXIT	Sold out
33	IDXX	Idexx Laboratories INC	—	NEW	New buy
34	NFLX	Netflix INC	—	EXIT	Sold out
35	ISRG	Intuitive Surgical INC	—	EXIT	Sold out
36	META	Meta Platforms Inc-class A	—	EXIT	Sold out
37	BSX	Boston Scientific CORP	—	EXIT	Sold out
38	MNST	Monster Beverage CORP	—	NEW	New buy
39	INTU	Intuit INC	—	NEW	New buy
40	FOXA	Fox CORP - Class A	—	EXIT	Sold out
41	AAPL	Apple INC	—	EXIT	Sold out
42	CSGP	Costar Group INC	—	NEW	New buy
43	V	Visa Inc-class A Shares	—	EXIT	Sold out
44	BKR	Baker Hughes Co	—	EXIT	Sold out
45	AXON	Axon Enterprise INC	—	EXIT	Sold out
46	HON	Honeywell International INC	—	EXIT	Sold out
47	ADSK	Autodesk INC	—	EXIT	Sold out
48	AMZN	Amazon.com INC	—	EXIT	Sold out
49	DDOG	Datadog INC - Class A	—	EXIT	Sold out
50	DRI	Darden Restaurants INC	—	EXIT	Sold out