UF

USA Financial Formulas

High-turnover traderContrarian

Total reported value

$530.5M

Reporting period: 2026-03-31 · Number of holdings: 437

USA FINANCIAL FORMULAS disclosed 437 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $530.5M and a quarterly turnover rate of 155.5%.

Personality snowflake

Concentration
53.41
Portfolio Stability
100
Momentum/Contrarian
0
Sector conviction
45.48
Diversification
100
Sizing Uniformity
24.18

Recent moves

  • Add IWM

    +15520.1%　$107.4M

  • Trim SPY

    -100.0%　-$64.5M

  • Trim EFA

    -99.8%　-$64.3M

  • Trim EEM

    -95.0%　-$62.0M

  • Trim QQQ

    -93.7%　-$61.4M

  • Trim IVW

    -94.5%　-$61.3M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1IJSIshares S&p Small-cap 600 VaETF-Other20.72%+20.72%NEW
2IWMIshares Russell 2000 ETFETF-Small Cap20.38%+20.26%+15520.06%
3IJKIshares S&p Mid-cap 400 GrowETF-Other19.76%+19.76%NEW
4IVVIshares Core S&p 500 ETFETF-Large Cap & Growth7.19%-7.61%-50.87%
5BILSs Spdr Bb 1-3m T-bill ETFETF-Gov Bonds4.38%+4.38%NEW
6GSGIshares S&p Gsci Commodity IETF-Commodities3.51%+3.44%+3533.97%
7LQDIshr Ibx Usd Invgd Cb Etf-uiETF-Corp Bonds2.63%-2.05%-45.07%
8IEFIshares 7-10 Year Treasury BETF-Gov Bonds2.32%+2.32%NEW
9QQQInvesco Qqq Trust Series 1ETF-Tech0.72%-11.15%-93.73%
10SIXJAllian US Equ 6 Mon Bu10-usdETF-Other0.72%—-5.88%
11SIXOAllian US Equ 6 Mon Bu10-usdETF-Other0.70%—-5.48%
12EEMIshares Msci Emerging MarketETF-Emerging Markets0.64%-11.26%-94.98%
13IVWIshares S&p 500 Growth ETFETF-Large Cap & Growth0.62%-11.14%-94.46%
14JANUAllianzim US Bf15 Uncap JanETF-Other0.36%—-5.66%
15OCTUAllianzim US Bf15 Uncap OctETF-Other0.36%—-5.64%
16JULUAllianzim US Bf15 Uncap JulETF-Other0.36%—-5.62%
17ARLUAllianzim US Bf15 Uncap AprETF-Other0.35%—-5.71%
18AMATApplied Materials INCStock-Tech0.31%+0.31%+12489.47%
19WDCWestern Digital CORPStock-Tech0.29%+0.16%+31.71%
20CSCOCisco Systems INCStock-Tech0.28%—+37.46%
21LRCXLam Research CORPStock-Tech0.27%—-37.01%
22MUMicron Technology INCStock-Tech0.26%-0.13%-45.00%
23GILDGilead Sciences INCStock-Healthcare0.26%—+8.39%
24ROSTRoss Stores INCStock-Consumer Disc0.25%+0.25%NEW
25STXSeagate Technology Holdings plcStock-Tech0.25%+0.25%NEW
26BKRBaker Hughes CoStock-Energy0.23%—+7.29%
27REGNRegeneron PharmaceuticalsStock-Healthcare0.21%+0.21%NEW
28ADIAnalog Devices INCStock-Tech0.21%—+4.94%
29BNYBank Of New York Mellon CORPStock-Financials0.19%—+14.18%
30GOOGAlphabet Inc-cl CStock-Comm Services0.19%-0.15%-42.67%
31AEPAmerican Electric PowerStock-Utilities0.19%-0.12%-49.22%
32AMDAdvanced Micro DevicesStock-Tech0.18%—-35.18%
33RTXRtx CORPStock-Industrials0.17%—-16.46%
34KEYSKeysight Technologies InStock-Tech0.17%—-21.09%
35MRKMerck & Co. INC.Stock-Healthcare0.17%+0.17%NEW
36AAPLApple INCStock-Tech0.16%+0.16%+48957.14%
37AESAes CORPStock-Utilities0.16%—+319.79%
38JNJJohnson & JohnsonStock-Healthcare0.16%—-16.28%
39HASHasbro INCStock-Consumer Disc0.15%—+125.47%
40CMICummins INCStock-Industrials0.15%—+282.31%
41HALHalliburton CoStock-Energy0.15%+0.15%NEW
42GLDSpdr Gold SharesETF-Commodities0.15%+0.14%+2214.10%
43RSPInvesco S&p 500 Equal WeightETF-Large Cap & Growth0.15%+0.15%NEW
44XOMExxon Mobil CORPStock-Energy0.14%+0.14%+89560.00%
45NDSNNordson CORPStock-Industrials0.14%—+538.05%
46XELXcel Energy INCStock-Utilities0.14%-0.15%-57.09%
47CCitigroup INCStock-Financials0.13%—-9.40%
48JNJJohnson & JohnsonStock-Healthcare0.13%—-35.34%
49GOOGLAlphabet Inc-cl AStock-Comm Services0.13%-0.16%-51.74%
50CSXCsx CORPStock-Industrials0.13%—-35.14%
1–50 of 437

Holding changes this quarter

USA Financial Formulas's most significant position changes for 2026-03-31: New buy: Ishares S&p Small-cap 600 Va (IJS); New buy: Ishares S&p Mid-cap 400 Grow (IJK); New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); New buy: Ishares 7-10 Year Treasury B (IEF); Sold out: Ishares US Telecommunication (IYZ).

Position changes disclosed by USA Financial Formulas for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1IWMIshares Russell 2000 ETF+20.3%+15520.06%Add
2GSGIshares S&p Gsci Commodity I+3.4%+3533.97%Add
3AMATApplied Materials INC+0.3%+12489.47%Add
4AAPLApple INC+0.2%+48957.14%Add
5WDCWestern Digital CORP+0.2%+31.71%Add
6XOMExxon Mobil CORP+0.1%+89560.00%Add
7GLDSpdr Gold Shares+0.1%+2214.10%Add
8AEPAmerican Electric Power-0.1%-49.22%Trim
9MUMicron Technology INC-0.1%-45.00%Trim
10OUSAAlps Oshares US Quality Divi-0.1%-99.98%Trim
11JPMJpmorgan Chase & Co-0.1%-99.87%Trim
12GEGeneral Electric-0.1%-99.87%Trim
13EWEdwards Lifesciences CORP-0.1%-78.47%Trim
14MPCMarathon Petroleum CORP-0.1%-99.92%Trim
15GOOGAlphabet Inc-cl C-0.2%-42.67%Trim
16XELXcel Energy INC-0.2%-57.09%Trim
17FEFirstenergy CORP-0.2%-92.61%Trim
18GOOGLAlphabet Inc-cl A-0.2%-51.74%Trim
19EXCExelon CORP-0.2%-99.24%Trim
20MNSTMonster Beverage CORP-0.2%-60.59%Trim
21AVGOBroadcom INC-0.3%-99.98%Trim
22IDXXIdexx Laboratories INC-0.3%-98.46%Trim
23HYGIshr Ibx Usd Hiyld Cb Etf-ui-1.2%-99.99%Trim
24LQDIshr Ibx Usd Invgd Cb Etf-ui-2.1%-45.07%Trim
25IVVIshares Core S&p 500 ETF-7.6%-50.87%Trim
26IVWIshares S&p 500 Growth ETF-11.1%-94.46%Trim
27QQQInvesco Qqq Trust Series 1-11.2%-93.73%Trim
28EEMIshares Msci Emerging Market-11.3%-94.98%Trim
29EFAIshares Msci Eafe ETF-11.7%-99.80%Trim
30SPYSs Spdr S&p 500 ETF Trust-us-11.7%-99.99%Trim
31IJSIshares S&p Small-cap 600 Va—NEWNew buy
32IJKIshares S&p Mid-cap 400 Grow—NEWNew buy
33BILSs Spdr Bb 1-3m T-bill ETF—NEWNew buy
34IEFIshares 7-10 Year Treasury B—NEWNew buy
35IYZIshares US Telecommunication—EXITSold out
36IYWIshares Ustechnology ETF—EXITSold out
37IYHIshares U.s. Healthcare ETF—EXITSold out
38IDUIshares US Utilities ETF—EXITSold out
39ROSTRoss Stores INC—NEWNew buy
40STXSeagate Technology Holdings plc—NEWNew buy
41REGNRegeneron Pharmaceuticals—NEWNew buy
42AZNNAstrazeneca Plc-spons Adr—EXITSold out
43MRKMerck & Co. INC.—NEWNew buy
44HALHalliburton Co—NEWNew buy
45GMGeneral Motors Co—EXITSold out
46RSPInvesco S&p 500 Equal Weight—NEWNew buy
47DDOGDatadog INC - Class A—EXITSold out
48ULTAUlta Beauty INC—EXITSold out
49MCHPMicrochip Technology INC—NEWNew buy
50PEPPepsico INC—NEWNew buy

FAQ

What is USA Financial Formulas and what type of investor is it?
USA Financial Formulas 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 (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $530.5M, spread across 437 disclosed positions.
What are USA Financial Formulas's largest equity positions?
Based on the latest 13F filing, USA Financial Formulas's top holdings by market value are: 1. Ishares S&p Small-cap 600 Va (IJS) — $109.9M (20.7%) 2. Ishares Russell 2000 ETF (IWM) — $108.1M (20.4%) 3. Ishares S&p Mid-cap 400 Grow (IJK) — $104.8M (19.8%) 4. Ishares Core S&p 500 ETF (IVV) — $38.1M (7.2%) 5. Ss Spdr Bb 1-3m T-bill ETF (BIL) — $23.2M (4.4%)
What changes did USA Financial Formulas make in its most recent portfolio filing?
In the latest reported quarter, USA Financial Formulas made 50 notable position adjustments: 12 new positions were initiated, 7 existing holdings were added to, 23 positions were partially reduced, and 8 were completely exited. The largest of these moves: New buy: Ishares S&p Small-cap 600 Va (IJS); New buy: Ishares S&p Mid-cap 400 Grow (IJK); New buy: Ss Spdr Bb 1-3m T-bill ETF (BIL); New buy: Ishares 7-10 Year Treasury B (IEF); Sold out: Ishares US Telecommunication (IYZ)
What sectors does USA Financial Formulas focus on?
USA Financial Formulas is concentrated in the following sectors based on its current disclosed equity portfolio: • Information Technology: 27.9% • Industrials: 18.0% • Health Care: 12.3% • Energy: 8.5% • Financials: 7.5% • Consumer Discretionary: 7.2%