USA FINANCIAL FORMULAS
Long book
$530.5M
Q1 2026
Positions
437
Top-10 weight
82%
concentration
Last quarter
+14.2%
SPY +14.8%
Turnover
39%
of book per quarter
Strategy in plain words
auto-generated from filingsUSA FINANCIAL FORMULAS is a wealth-management firm allocating client money, running a $530.5M US long book across 437 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: ISHARES S&P SMALL-CAP 600 VA, ISHARES RUSSELL 2000 ETF, ISHARES S&P MID-CAP 400 GROW, ISHARES CORE S&P 500 ETF, SS SPDR BB 1-3M T-BILL ETF.
Over the last 9 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+2.9%
Q2 2024
+4.6%
Q3 2024
+0.8%
Q4 2024
-1.5%
Q1 2025
+9.7%
Q2 2025
+6.4%
Q3 2025
+3.3%
Q4 2025
-1.4%
Q1 2026
+14.2%
Sector allocation
Technology 27%
Industrials 25%
Healthcare 11%
Financials 7%
Energy 6%
Other 6%
Utilities 6%
Consumer discretionary 5%
Long book by quarter
What does USA FINANCIAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AMAT APPLIED MATERIALS INC | Technology | 4.8K | $1.6M | 0.3% | +12489.5% |
| WDC WESTERN DIGITAL CORP | Technology | 5.6K | $1.5M | 0.3% | +31.7% |
| CSCO CISCO SYSTEMS INC | Technology | 19.2K | $1.5M | 0.3% | +37.5% |
| LRCX LAM RESEARCH CORP | Industrials | 6.6K | $1.4M | 0.3% | -37.0% |
| MU MICRON TECHNOLOGY INC | Technology | 4.1K | $1.4M | 0.3% | -45.0% |
| GILD GILEAD SCIENCES INC | Healthcare | 9.8K | $1.4M | 0.3% | +8.4% |
| ROST ROSS STORES INC | Consumer discretionary | 6.2K | $1.3M | 0.3% | New |
| STXN SEAGATE TECHNOLOGY HOLDINGS | — | 3.4K | $1.3M | 0.3% | New |
| BKR BAKER HUGHES CO | Industrials | 19.6K | $1.2M | 0.2% | +7.3% |
| REGN REGENERON PHARMACEUTICALS | Healthcare | 1.5K | $1.1M | 0.2% | New |
| ADI ANALOG DEVICES INC | Technology | 3.5K | $1.1M | 0.2% | +4.9% |
| BNY BANK OF NEW YORK MELLON CORP | Financials | 8.6K | $1.0M | 0.2% | +14.2% |
| GOOG ALPHABET INC-CL C | Technology | 3.5K | $991K | 0.2% | -42.7% |
| AEP AMERICAN ELECTRIC POWER | Utilities | 7.5K | $984K | 0.2% | -49.2% |
| AMD ADVANCED MICRO DEVICES | Technology | 4.6K | $941K | 0.2% | -35.2% |
| RTX RTX CORP | Industrials | 4.8K | $916K | 0.2% | -16.5% |
| KEYS KEYSIGHT TECHNOLOGIES IN | Technology | 3.2K | $913K | 0.2% | -21.1% |
| MRK MERCK & CO. INC. | Healthcare | 7.4K | $891K | 0.2% | New |
| AAPL APPLE INC | Technology | 3.4K | $872K | 0.2% | +48957.1% |
| AES AES CORP | Utilities | 60.4K | $851K | 0.2% | +319.8% |
| JCI JOHNSON CONTROLS INTERNATION | Industrials | 6.3K | $823K | 0.2% | -16.3% |
| HAS HASBRO INC | Other | 8.6K | $805K | 0.2% | +125.5% |
| CMI CUMMINS INC | Industrials | 1.5K | $802K | 0.2% | +282.3% |
| HAL HALLIBURTON CO | Energy | 20.5K | $800K | 0.2% | New |
| XOM EXXON MOBIL CORP | Energy | 4.5K | $761K | 0.1% | +89560.0% |
| NDSN NORDSON CORP | Industrials | 2.8K | $732K | 0.1% | +538.1% |
| XEL XCEL ENERGY INC | Utilities | 9.2K | $731K | 0.1% | -57.1% |
| C CITIGROUP INC | Financials | 6.3K | $715K | 0.1% | -9.4% |
| JNJ JOHNSON & JOHNSON | Healthcare | 2.9K | $707K | 0.1% | -35.3% |
| GOOGL ALPHABET INC-CL A | Technology | 2.4K | $702K | 0.1% | -51.7% |
| CSX CSX CORP | Industrials | 17.1K | $702K | 0.1% | -35.1% |
| MNST MONSTER BEVERAGE CORP | Consumer staples | 9.5K | $690K | 0.1% | -60.6% |
| CAT CATERPILLAR INC | Industrials | 973 | $689K | 0.1% | -26.7% |
| MCHP MICROCHIP TECHNOLOGY INC | Technology | 10.7K | $688K | 0.1% | New |
| PEP PEPSICO INC | Consumer staples | 4.4K | $676K | 0.1% | New |
| GD GENERAL DYNAMICS CORP | Industrials | 2.0K | $675K | 0.1% | -14.5% |
| AME AMETEK INC | Technology | 3.1K | $673K | 0.1% | +153.4% |
| TER TERADYNE INC | Technology | 2.3K | $672K | 0.1% | -15.1% |
| STLD STEEL DYNAMICS INC | Industrials | 3.7K | $668K | 0.1% | New |
| CHRW C.H. ROBINSON WORLDWIDE INC | Industrials | 4.0K | $659K | 0.1% | -6.5% |
| AMGN AMGEN INC | Healthcare | 1.9K | $655K | 0.1% | New |
| JBHT HUNT (JB) TRANSPRT SVCS INC | Industrials | 3.0K | $645K | 0.1% | New |
| NEM NEWMONT CORP | Materials | 6.0K | $645K | 0.1% | -22.4% |
| APH AMPHENOL CORP-CL A | Technology | 5.1K | $645K | 0.1% | +3.7% |
| STT STATE STREET CORP | Financials | 5.0K | $634K | 0.1% | New |
| FDX FEDEX CORP | Industrials | 1.8K | $632K | 0.1% | New |
| GLW CORNING INC | Industrials | 4.6K | $630K | 0.1% | -39.6% |
| VLO VALERO ENERGY CORP | Energy | 2.3K | $565K | 0.1% | -18.7% |
| PSX PHILLIPS 66 | Energy | 3.1K | $565K | 0.1% | New |
| NUE NUCOR CORP | Industrials | 3.3K | $555K | 0.1% | +292.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 14, 2026 | 437 | $530.5M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 414 | $549.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 10, 2025 | 257 | $567.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 18, 2025 | 240 | $585.9M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 274 | $605.7M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 14, 2025 | 286 | $636.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 8, 2024 | 256 | $643.1M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 12, 2024 | 297 | $616.7M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 30, 2024 | 300 | $616.8M | canonical | SEC ↗ |