USA FINANCIAL FORMULAS

Filed: 4/15/2025ACC: 0001633716-25-000003

📋 What this filing means

USA FINANCIAL FORMULAS filed this quarterly 13F‑HR report disclosing 274 equity positions with a total reported market value of $605.68M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

274

Positions

$605.68M

Total AUM (reported)

3.88M

Total Shares

Allocation by class

TR UNIT$124.15M20.5%

S&P 500 GRWT ETF$122.15M20.2%

UT SER 1$122.03M20.1%

COM$79.86M13.2%

CORE S&P500 ETF$34.10M5.6%

IBOXX INV CP ETF$33.49M5.5%

BLOOMBERG 1-3 MO$22.77M3.8%

Portfolio Concentration

Top 3$368.32M60.8%

4–10$122.87M20.3%

11–25$30.67M5.1%

Rest$83.81M13.8%

Top 3 weight

60.8%

Top 10 weight

81.1%

Voting Authority Distribution

Total shares with voting rights: 3.88M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

3.88M

% of voting shares100.0%

Investment Discretion (by position count)

Sole274

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings274

Rows:

SPDR S&P 500

SOLE

TR UNIT

Shares221.94K

TypeSH

Market value$124.15M

20.50%

Sole

0.00

Shared

0.00

None

221.94K

iShares S&P 500 Growth ETF

SOLE

S&P 500 GRWT ETF

Shares1.32M

TypeSH

Market value$122.15M

20.17%

Sole

0.00

Shared

0.00

None

1.32M

SPDR Dow Jones Industrial Average ETF

SOLE

UT SER 1

Shares290.63K

TypeSH

Market value$122.03M

20.15%

Sole

0.00

Shared

0.00

None

290.63K

iShares Core S&P 500

SOLE

CORE S&P500 ETF

Shares60.69K

TypeSH

Market value$34.10M

5.63%

Sole

0.00

Shared

0.00

None

60.69K

iShares iBoxx USD Inv Grade Corp Bond ETF

SOLE

IBOXX INV CP ETF

Shares308.14K

TypeSH

Market value$33.49M

5.53%

Sole

0.00

Shared

0.00

None

308.14K

SPDR Series Trust - SPDR Bloomberg Barclays 1-3 Month T-Bill ETF

SOLE

BLOOMBERG 1-3 MO

Shares248.25K

TypeSH

Market value$22.77M

3.76%

Sole

0.00

Shared

0.00

None

248.25K

iShares 7-10 Year Treasury Bond ETF

SOLE

7-10 YR TRSY BD

Shares195.35K

TypeSH

Market value$18.63M

3.08%

Sole

0.00

Shared

0.00

None

195.35K

Invesco QQQ Trust ETF

SOLE

UNIT SER 1

Shares10.91K

TypeSH

Market value$5.12M

0.84%

Sole

0.00

Shared

0.00

None

10.91K

iShares S&P Mid-Cap 400 Value ETF

SOLE

S&P MC 400VL ETF

Shares36.88K

TypeSH

Market value$4.42M

0.73%

Sole

0.00

Shared

0.00

None

36.88K

iShares S&P Small-Cap 600 Value ETF

SOLE

SP SMCP600VL ETF

Shares44.55K

TypeSH

Market value$4.34M

0.72%

Sole

0.00

Shared

0.00

None

44.55K

T-Mobile US Inc

SOLE

COM

Shares10.72K

TypeSH

Market value$2.86M

0.47%

Sole

0.00

Shared

0.00

None

10.72K

Gilead Sciences, Inc.

SOLE

COM

Shares24.32K

TypeSH

Market value$2.72M

0.45%

Sole

0.00

Shared

0.00

None

24.32K

Cisco Systems, Inc.

SOLE

COM

Shares43.52K

TypeSH

Market value$2.69M

0.44%

Sole

0.00

Shared

0.00

None

43.52K

Fortinet Inc

SOLE

COM

Shares25.22K

TypeSH

Market value$2.43M

0.40%

Sole

0.00

Shared

0.00

None

25.22K

Netflix Inc.

SOLE

COM

Shares2.46K

TypeSH

Market value$2.30M

0.38%

Sole

0.00

Shared

0.00

None

2.46K

Intuitive Surgical Inc

SOLE

COM NEW

Shares4.48K

TypeSH

Market value$2.22M

0.37%

Sole

0.00

Shared

0.00

None

4.48K

Meta Platforms Inc - Ordinary Shares - Class A

SOLE

CL A

Shares3.76K

TypeSH

Market value$2.17M

0.36%

Sole

0.00

Shared

0.00

None

3.76K

Mastercard Incorporated - Ordinary Shares - Class A

SOLE

CL A

Shares3.46K

TypeSH

Market value$1.90M

0.31%

Sole

0.00

Shared

0.00

None

3.46K

Bank Of New York Mellon Corp

SOLE

COM

Shares21.66K

TypeSH

Market value$1.82M

0.30%

Sole

0.00

Shared

0.00

None

21.66K

Boston Scientific Corp.

SOLE

COM

Shares17.94K

TypeSH

Market value$1.81M

0.30%

Sole

0.00

Shared

0.00

None

17.94K

Fox Corporation - Ordinary Shares - Class A

SOLE

CL A COM

Shares29.16K

TypeSH

Market value$1.65M

0.27%

Sole

0.00

Shared

0.00

None

29.16K

Apple Inc

SOLE

COM

Shares7.23K

TypeSH

Market value$1.61M

0.27%

Sole

0.00

Shared

0.00

None

7.23K

Visa Inc - Ordinary Shares - Class A

SOLE

COM CL A

Shares4.32K

TypeSH

Market value$1.51M

0.25%

Sole

0.00

Shared

0.00

None

4.32K

Exelon Corp.

SOLE

COM

Shares32.82K

TypeSH

Market value$1.51M

0.25%

Sole

0.00

Shared

0.00

None

32.82K

Abbott Laboratories

SOLE

COM

Shares11.25K

TypeSH

Market value$1.49M

0.25%

Sole

0.00

Shared

0.00

None

11.25K

Issuer	Class	Shares	Type	Value / Portfolio %	None
SPDR S&P 500SOLE	TR UNIT	221.94K	SH	$124.15M 20.50%	221.94K
iShares S&P 500 Growth ETFSOLE	S&P 500 GRWT ETF	1.32M	SH	$122.15M 20.17%	1.32M
SPDR Dow Jones Industrial Average ETFSOLE	UT SER 1	290.63K	SH	$122.03M 20.15%	290.63K
iShares Core S&P 500SOLE	CORE S&P500 ETF	60.69K	SH	$34.10M 5.63%	60.69K
iShares iBoxx USD Inv Grade Corp Bond ETFSOLE	IBOXX INV CP ETF	308.14K	SH	$33.49M 5.53%	308.14K
SPDR Series Trust - SPDR Bloomberg Barclays 1-3 Month T-Bill ETFSOLE	BLOOMBERG 1-3 MO	248.25K	SH	$22.77M 3.76%	248.25K
iShares 7-10 Year Treasury Bond ETFSOLE	7-10 YR TRSY BD	195.35K	SH	$18.63M 3.08%	195.35K
Invesco QQQ Trust ETFSOLE	UNIT SER 1	10.91K	SH	$5.12M 0.84%	10.91K
iShares S&P Mid-Cap 400 Value ETFSOLE	S&P MC 400VL ETF	36.88K	SH	$4.42M 0.73%	36.88K
iShares S&P Small-Cap 600 Value ETFSOLE	SP SMCP600VL ETF	44.55K	SH	$4.34M 0.72%	44.55K
T-Mobile US IncSOLE	COM	10.72K	SH	$2.86M 0.47%	10.72K
Gilead Sciences, Inc.SOLE	COM	24.32K	SH	$2.72M 0.45%	24.32K
Cisco Systems, Inc.SOLE	COM	43.52K	SH	$2.69M 0.44%	43.52K
Fortinet IncSOLE	COM	25.22K	SH	$2.43M 0.40%	25.22K
Netflix Inc.SOLE	COM	2.46K	SH	$2.30M 0.38%	2.46K
Intuitive Surgical IncSOLE	COM NEW	4.48K	SH	$2.22M 0.37%	4.48K
Meta Platforms Inc - Ordinary Shares - Class ASOLE	CL A	3.76K	SH	$2.17M 0.36%	3.76K
Mastercard Incorporated - Ordinary Shares - Class ASOLE	CL A	3.46K	SH	$1.90M 0.31%	3.46K
Bank Of New York Mellon CorpSOLE	COM	21.66K	SH	$1.82M 0.30%	21.66K
Boston Scientific Corp.SOLE	COM	17.94K	SH	$1.81M 0.30%	17.94K
Fox Corporation - Ordinary Shares - Class ASOLE	CL A COM	29.16K	SH	$1.65M 0.27%	29.16K
Apple IncSOLE	COM	7.23K	SH	$1.61M 0.27%	7.23K
Visa Inc - Ordinary Shares - Class ASOLE	COM CL A	4.32K	SH	$1.51M 0.25%	4.32K
Exelon Corp.SOLE	COM	32.82K	SH	$1.51M 0.25%	32.82K
Abbott LaboratoriesSOLE	COM	11.25K	SH	$1.49M 0.25%	11.25K

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