USA FINANCIAL FORMULAS

Filed: 7/18/2025ACC: 0001633716-25-000004

📋 What this filing means

USA FINANCIAL FORMULAS filed this quarterly 13F‑HR report disclosing 240 equity positions with a total reported market value of $585.95M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

240

Positions

$585.95M

Total AUM (reported)

6.87M

Total Shares

Allocation by class

COM$67.97M11.6%

MSCI EMG MKT ETF$67.86M11.6%

MSCI EAFE ETF$67.83M11.6%

TR UNIT$67.10M11.5%

UNIT SER 1$63.23M10.8%

S&P 500 GRWT ETF$63.10M10.8%

IBOXX INV CP ETF$38.14M6.5%

Portfolio Concentration

Top 3$202.78M34.6%

4–10$237.46M40.5%

11–25$55.55M9.5%

Rest$90.16M15.4%

Top 3 weight

34.6%

Top 10 weight

75.1%

Voting Authority Distribution

Total shares with voting rights: 6.87M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

6.87M

% of voting shares100.0%

Investment Discretion (by position count)

Sole240

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings240

Rows:

iShares MSCI Emerging Markets ETF

SOLE

MSCI EMG MKT ETF

Shares1.41M

TypeSH

Market value$67.86M

11.58%

Sole

0.00

Shared

0.00

None

1.41M

iShares MSCI EAFE ETF

SOLE

MSCI EAFE ETF

Shares758.76K

TypeSH

Market value$67.83M

11.58%

Sole

0.00

Shared

0.00

None

758.76K

SPDR S&P 500

SOLE

TR UNIT

Shares108.60K

TypeSH

Market value$67.10M

11.45%

Sole

0.00

Shared

0.00

None

108.60K

Invesco QQQ Trust ETF

SOLE

UNIT SER 1

Shares114.63K

TypeSH

Market value$63.23M

10.79%

Sole

0.00

Shared

0.00

None

114.63K

iShares S&P 500 Growth ETF

SOLE

S&P 500 GRWT ETF

Shares573.10K

TypeSH

Market value$63.10M

10.77%

Sole

0.00

Shared

0.00

None

573.10K

iShares iBoxx USD Inv Grade Corp Bond ETF

SOLE

IBOXX INV CP ETF

Shares347.98K

TypeSH

Market value$38.14M

6.51%

Sole

0.00

Shared

0.00

None

347.98K

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

SOLE

BLOOMBERG 1-3 MO

Shares252.04K

TypeSH

Market value$23.12M

3.95%

Sole

0.00

Shared

0.00

None

252.04K

BlackRock Institutional Trust Company N.A. - BTC iShares S&P GSCI Comm

SOLE

UNIT BEN INT

Shares1.01M

TypeSH

Market value$22.25M

3.80%

Sole

0.00

Shared

0.00

None

1.01M

iShares Core S&P 500

SOLE

CORE S&P500 ETF

Shares30.89K

TypeSH

Market value$19.18M

3.27%

Sole

0.00

Shared

0.00

None

30.89K

iShares iBoxx USD High Yield Corp Bond ETF

SOLE

IBOXX HI YD ETF

Shares104.68K

TypeSH

Market value$8.44M

1.44%

Sole

0.00

Shared

0.00

None

104.68K

AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETF

SOLE

ALLIANZIM US EQU

Shares174.49K

TypeSH

Market value$5.59M

0.95%

Sole

0.00

Shared

0.00

None

174.49K

AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF

SOLE

ALLIANZIM US EQU

Shares165.42K

TypeSH

Market value$5.48M

0.93%

Sole

0.00

Shared

0.00

None

165.42K

SPDR Dow Jones Industrial Average ETF

SOLE

UT SER 1

Shares11.33K

TypeSH

Market value$4.99M

0.85%

Sole

0.00

Shared

0.00

None

11.33K

BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Real Est

SOLE

ETF

Shares44.39K

TypeSH

Market value$4.21M

0.72%

Sole

0.00

Shared

0.00

None

44.39K

BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Telecomm

SOLE

US TELECOM ETF

Shares122K

TypeSH

Market value$3.63M

0.62%

Sole

0.00

Shared

0.00

None

122K

iShares U.S. Consumer Services ETF

SOLE

US CONSUM DISCRE

Shares35.90K

TypeSH

Market value$3.58M

0.61%

Sole

0.00

Shared

0.00

None

35.90K

iShares U.S. Financials ETF

SOLE

U.S. FINLS ETF

Shares29.56K

TypeSH

Market value$3.58M

0.61%

Sole

0.00

Shared

0.00

None

29.56K

iShares U.S. Technology ETF

SOLE

U.S. TECH ETF

Shares20.43K

TypeSH

Market value$3.54M

0.60%

Sole

0.00

Shared

0.00

None

20.43K

Gilead Sciences, Inc.

SOLE

COM

Shares30.18K

TypeSH

Market value$3.35M

0.57%

Sole

0.00

Shared

0.00

None

30.18K

Cisco Systems, Inc.

SOLE

COM

Shares45.83K

TypeSH

Market value$3.18M

0.54%

Sole

0.00

Shared

0.00

None

45.83K

American Electric Power Company Inc.

SOLE

COM

Shares29.33K

TypeSH

Market value$3.04M

0.52%

Sole

0.00

Shared

0.00

None

29.33K

Verisk Analytics Inc

SOLE

COM

Shares9.49K

TypeSH

Market value$2.96M

0.50%

Sole

0.00

Shared

0.00

None

9.49K

AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Apr ETF

SOLE

ALLIANZIM US EQU

Shares101.21K

TypeSH

Market value$2.82M

0.48%

Sole

0.00

Shared

0.00

None

101.21K

AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Jul ETF

SOLE

ALLIANZIM US EQU

Shares102.36K

TypeSH

Market value$2.82M

0.48%

Sole

0.00

Shared

0.00

None

102.36K

ALLIANZIM US BUFFERED 15 UNCAPPED JAN

SOLE

ALLIANZIM US EQU

Shares107.37K

TypeSH

Market value$2.79M

0.48%

Sole

0.00

Shared

0.00

None

107.37K

Issuer	Class	Shares	Type	Value / Portfolio %	None
iShares MSCI Emerging Markets ETFSOLE	MSCI EMG MKT ETF	1.41M	SH	$67.86M 11.58%	1.41M
iShares MSCI EAFE ETFSOLE	MSCI EAFE ETF	758.76K	SH	$67.83M 11.58%	758.76K
SPDR S&P 500SOLE	TR UNIT	108.60K	SH	$67.10M 11.45%	108.60K
Invesco QQQ Trust ETFSOLE	UNIT SER 1	114.63K	SH	$63.23M 10.79%	114.63K
iShares S&P 500 Growth ETFSOLE	S&P 500 GRWT ETF	573.10K	SH	$63.10M 10.77%	573.10K
iShares iBoxx USD Inv Grade Corp Bond ETFSOLE	IBOXX INV CP ETF	347.98K	SH	$38.14M 6.51%	347.98K
SPDR Series Trust - SPDR Bloomberg Barclays 1-3 Month T-Bill ETFSOLE	BLOOMBERG 1-3 MO	252.04K	SH	$23.12M 3.95%	252.04K
BlackRock Institutional Trust Company N.A. - BTC iShares S&P GSCI CommSOLE	UNIT BEN INT	1.01M	SH	$22.25M 3.80%	1.01M
iShares Core S&P 500SOLE	CORE S&P500 ETF	30.89K	SH	$19.18M 3.27%	30.89K
iShares iBoxx USD High Yield Corp Bond ETFSOLE	IBOXX HI YD ETF	104.68K	SH	$8.44M 1.44%	104.68K
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETFSOLE	ALLIANZIM US EQU	174.49K	SH	$5.59M 0.95%	174.49K
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETFSOLE	ALLIANZIM US EQU	165.42K	SH	$5.48M 0.93%	165.42K
SPDR Dow Jones Industrial Average ETFSOLE	UT SER 1	11.33K	SH	$4.99M 0.85%	11.33K
BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Real EstSOLE	ETF	44.39K	SH	$4.21M 0.72%	44.39K
BlackRock Institutional Trust Company N.A. - BTC iShares U.S. TelecommSOLE	US TELECOM ETF	122K	SH	$3.63M 0.62%	122K
iShares U.S. Consumer Services ETFSOLE	US CONSUM DISCRE	35.90K	SH	$3.58M 0.61%	35.90K
iShares U.S. Financials ETFSOLE	U.S. FINLS ETF	29.56K	SH	$3.58M 0.61%	29.56K
iShares U.S. Technology ETFSOLE	U.S. TECH ETF	20.43K	SH	$3.54M 0.60%	20.43K
Gilead Sciences, Inc.SOLE	COM	30.18K	SH	$3.35M 0.57%	30.18K
Cisco Systems, Inc.SOLE	COM	45.83K	SH	$3.18M 0.54%	45.83K
American Electric Power Company Inc.SOLE	COM	29.33K	SH	$3.04M 0.52%	29.33K
Verisk Analytics IncSOLE	COM	9.49K	SH	$2.96M 0.50%	9.49K
AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Apr ETFSOLE	ALLIANZIM US EQU	101.21K	SH	$2.82M 0.48%	101.21K
AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Jul ETFSOLE	ALLIANZIM US EQU	102.36K	SH	$2.82M 0.48%	102.36K
ALLIANZIM US BUFFERED 15 UNCAPPED JANSOLE	ALLIANZIM US EQU	107.37K	SH	$2.79M 0.48%	107.37K

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