USA FINANCIAL FORMULAS

Filed: 10/10/2025ACC: 0001633716-25-000006

📋 What this filing means

USA FINANCIAL FORMULAS filed this quarterly 13F‑HR report disclosing 257 equity positions with a total reported market value of $567.58M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

257

Positions

$567.58M

Total AUM (reported)

5.32M

Total Shares

Allocation by class

CORE S&P500 ETF$79.46M14.0%

MSCI EMG MKT ETF$67.64M11.9%

S&P 500 GRWT ETF$66.09M11.6%

UNIT SER 1$65.27M11.5%

TR UNIT$64.73M11.4%

MSCI EAFE ETF$64.54M11.4%

COM$60.08M10.6%

Portfolio Concentration

Top 3$213.20M37.6%

4–10$234.27M41.3%

11–25$39.60M7.0%

Rest$80.51M14.2%

Top 3 weight

37.6%

Top 10 weight

78.8%

Voting Authority Distribution

Total shares with voting rights: 5.32M

Sole

Full voting authority

0.00

% of voting shares0.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

5.32M

% of voting shares100.0%

Investment Discretion (by position count)

Sole257

Shared0

Other0

Dominant voting typeNone · 100.0% of voting shares

Institutional Holdings257

Rows:

iShares Core S&P 500

SOLE

CORE S&P500 ETF

Shares118.73K

TypeSH

Market value$79.46M

14.00%

Sole

0.00

Shared

0.00

None

118.73K

iShares MSCI Emerging Markets ETF

SOLE

MSCI EMG MKT ETF

Shares1.27M

TypeSH

Market value$67.64M

11.92%

Sole

0.00

Shared

0.00

None

1.27M

iShares S&P 500 Growth ETF

SOLE

S&P 500 GRWT ETF

Shares547.46K

TypeSH

Market value$66.09M

11.64%

Sole

0.00

Shared

0.00

None

547.46K

Invesco QQQ Trust ETF

SOLE

UNIT SER 1

Shares108.72K

TypeSH

Market value$65.27M

11.50%

Sole

0.00

Shared

0.00

None

108.72K

SPDR S&P 500

SOLE

TR UNIT

Shares97.16K

TypeSH

Market value$64.73M

11.40%

Sole

0.00

Shared

0.00

None

97.16K

iShares MSCI EAFE ETF

SOLE

MSCI EAFE ETF

Shares691.20K

TypeSH

Market value$64.54M

11.37%

Sole

0.00

Shared

0.00

None

691.20K

iShares iBoxx USD Inv Grade Corp Bond ETF

SOLE

IBOXX INV CP ETF

Shares175.32K

TypeSH

Market value$19.54M

3.44%

Sole

0.00

Shared

0.00

None

175.32K

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

SOLE

UNIT BEN INT

Shares354.25K

TypeSH

Market value$8.14M

1.43%

Sole

0.00

Shared

0.00

None

354.25K

iShares iBoxx USD High Yield Corp Bond ETF

SOLE

IBOXX HI YD ETF

Shares89.22K

TypeSH

Market value$7.24M

1.28%

Sole

0.00

Shared

0.00

None

89.22K

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

SOLE

ALLIANZIM US EQU

Shares144.27K

TypeSH

Market value$4.81M

0.85%

Sole

0.00

Shared

0.00

None

144.27K

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

SOLE

ALLIANZIM US EQU

Shares137.63K

TypeSH

Market value$4.67M

0.82%

Sole

0.00

Shared

0.00

None

137.63K

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

SOLE

US TELECOM ETF

Shares92.29K

TypeSH

Market value$2.98M

0.52%

Sole

0.00

Shared

0.00

None

92.29K

iShares U.S. Technology ETF

SOLE

U.S. TECH ETF

Shares15.20K

TypeSH

Market value$2.98M

0.52%

Sole

0.00

Shared

0.00

None

15.20K

iShares U.S. Financials ETF

SOLE

U.S. FINLS ETF

Shares22.88K

TypeSH

Market value$2.90M

0.51%

Sole

0.00

Shared

0.00

None

22.88K

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

SOLE

U.S. UTILITS ETF

Shares25.82K

TypeSH

Market value$2.86M

0.50%

Sole

0.00

Shared

0.00

None

25.82K

Warner Bros. Discovery Inc - Ordinary Shares - Class A

SOLE

COM SER A

Shares142.67K

TypeSH

Market value$2.79M

0.49%

Sole

0.00

Shared

0.00

None

142.67K

Cisco Systems, Inc.

SOLE

COM

Shares38.25K

TypeSH

Market value$2.62M

0.46%

Sole

0.00

Shared

0.00

None

38.25K

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

SOLE

ALLIANZIM US EQU

Shares83.32K

TypeSH

Market value$2.48M

0.44%

Sole

0.00

Shared

0.00

None

83.32K

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

SOLE

ALLIANZIM US EQU

Shares84.32K

TypeSH

Market value$2.47M

0.43%

Sole

0.00

Shared

0.00

None

84.32K

ALLIANZIM US BUFFER 15 UNCAPPED OCT ETF

SOLE

ALLIANZIM US EQU

Shares87.66K

TypeSH

Market value$2.45M

0.43%

Sole

0.00

Shared

0.00

None

87.66K

ALLIANZIM US BUFFERED 15 UNCAPPED JAN

SOLE

ALLIANZIM US EQU

Shares88.75K

TypeSH

Market value$2.45M

0.43%

Sole

0.00

Shared

0.00

None

88.75K

Idexx Laboratories, Inc.

SOLE

COM

Shares3.73K

TypeSH

Market value$2.38M

0.42%

Sole

0.00

Shared

0.00

None

3.73K

Electronic Arts, Inc.

SOLE

COM

Shares9.70K

TypeSH

Market value$1.96M

0.34%

Sole

0.00

Shared

0.00

None

9.70K

RTX Corp

SOLE

COM

Shares10.91K

TypeSH

Market value$1.83M

0.32%

Sole

0.00

Shared

0.00

None

10.91K

Monster Beverage Corp.

SOLE

COM

Shares26.79K

TypeSH

Market value$1.80M

0.32%

Sole

0.00

Shared

0.00

None

26.79K

Issuer	Class	Shares	Type	Value / Portfolio %	None
iShares Core S&P 500SOLE	CORE S&P500 ETF	118.73K	SH	$79.46M 14.00%	118.73K
iShares MSCI Emerging Markets ETFSOLE	MSCI EMG MKT ETF	1.27M	SH	$67.64M 11.92%	1.27M
iShares S&P 500 Growth ETFSOLE	S&P 500 GRWT ETF	547.46K	SH	$66.09M 11.64%	547.46K
Invesco QQQ Trust ETFSOLE	UNIT SER 1	108.72K	SH	$65.27M 11.50%	108.72K
SPDR S&P 500SOLE	TR UNIT	97.16K	SH	$64.73M 11.40%	97.16K
iShares MSCI EAFE ETFSOLE	MSCI EAFE ETF	691.20K	SH	$64.54M 11.37%	691.20K
iShares iBoxx USD Inv Grade Corp Bond ETFSOLE	IBOXX INV CP ETF	175.32K	SH	$19.54M 3.44%	175.32K
BlackRock Institutional Trust Company N.A. - BTC iShares S&P GSCI CommSOLE	UNIT BEN INT	354.25K	SH	$8.14M 1.43%	354.25K
iShares iBoxx USD High Yield Corp Bond ETFSOLE	IBOXX HI YD ETF	89.22K	SH	$7.24M 1.28%	89.22K
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Jan/Jul ETFSOLE	ALLIANZIM US EQU	144.27K	SH	$4.81M 0.85%	144.27K
AIM ETF Products Trust - AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETFSOLE	ALLIANZIM US EQU	137.63K	SH	$4.67M 0.82%	137.63K
BlackRock Institutional Trust Company N.A. - BTC iShares U.S. TelecommSOLE	US TELECOM ETF	92.29K	SH	$2.98M 0.52%	92.29K
iShares U.S. Technology ETFSOLE	U.S. TECH ETF	15.20K	SH	$2.98M 0.52%	15.20K
iShares U.S. Financials ETFSOLE	U.S. FINLS ETF	22.88K	SH	$2.90M 0.51%	22.88K
BlackRock Institutional Trust Company N.A. - BTC iShares U.S. UtilitieSOLE	U.S. UTILITS ETF	25.82K	SH	$2.86M 0.50%	25.82K
Warner Bros. Discovery Inc - Ordinary Shares - Class ASOLE	COM SER A	142.67K	SH	$2.79M 0.49%	142.67K
Cisco Systems, Inc.SOLE	COM	38.25K	SH	$2.62M 0.46%	38.25K
AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Apr ETFSOLE	ALLIANZIM US EQU	83.32K	SH	$2.48M 0.44%	83.32K
AIM ETF Products Trust - AllianzIM U.S. Equity Buffer15 Uncapped Jul ETFSOLE	ALLIANZIM US EQU	84.32K	SH	$2.47M 0.43%	84.32K
ALLIANZIM US BUFFER 15 UNCAPPED OCT ETFSOLE	ALLIANZIM US EQU	87.66K	SH	$2.45M 0.43%	87.66K
ALLIANZIM US BUFFERED 15 UNCAPPED JANSOLE	ALLIANZIM US EQU	88.75K	SH	$2.45M 0.43%	88.75K
Idexx Laboratories, Inc.SOLE	COM	3.73K	SH	$2.38M 0.42%	3.73K
Electronic Arts, Inc.SOLE	COM	9.70K	SH	$1.96M 0.34%	9.70K
RTX CorpSOLE	COM	10.91K	SH	$1.83M 0.32%	10.91K
Monster Beverage Corp.SOLE	COM	26.79K	SH	$1.80M 0.32%	26.79K

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