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Portfolio (Quarterly) Guide ↗

USA FINANCIAL FORMULAS

· CIK 0001633716
13F Portfolio $530.5B AUM 437 positions Filed Apr 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 114 New 71 Added 176 Reduced 91 Exited
Page 2 of 4  ·  71 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 RL Ralph Lauren Corp - Ordinary Shares - Class A Consumer Cyclical 1,399.0 $481K 0.09% +1K +10000.0% $343.99 -5.5%
22 TPR Tapestry Inc Consumer Cyclical 3,330.0 $470K 0.09% +3K +10000.0% $141.11 -6.5%
23 NOC Northrop Grumman Corp. Industrials 594.0 $405K 0.08% +593.0 +10000.0% $682.24 -20.5%
24 EWC BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Canada E 5,896.0 $323K 0.06% +4K +321.8% $54.79 +4.9%
25 MDT Medtronic Plc Healthcare 3,193.0 $277K 0.05% +196.0 +6.5% $86.65 -12.2%
26 EWQ BlackRock Institutional Trust Company N.A. - BTC iShares MSCI France E 5,513.0 $239K 0.04% +2K +63.9% $43.38 +3.2%
27 MKSI MKS Instruments, Inc. Technology 922.0 $212K 0.04% +758.0 +462.2% $229.81 +34.1%
28 CRUS Cirrus Logic, Inc. Technology 1,312.0 $190K 0.04% +1K +10000.0% $144.62 +11.4%
29 EWL iShares MSCI Switzerland ETF 3,075.0 $181K 0.03% +802.0 +35.3% $58.81 +4.7%
30 LECO Lincoln Electric Holdings, Inc. Industrials 640.0 $159K 0.03% +638.0 +10000.0% $249.08 +4.9%
31 EWA BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Australi 5,066.0 $141K 0.03% +2K +91.5% $27.76 +3.7%
32 EWG BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Germany 3,239.0 $128K 0.02% +673.0 +26.2% $39.67 +6.3%
33 CVS CVS Health Corp Healthcare 1,527.0 $110K 0.02% +1K +1717.9% $71.82 +32.4%
34 MRSH Marsh & McLennan Cos., Inc. Financial Services 546.0 $95K 0.02% +10.0 +1.9% $173.45 -6.6%
35 CMG Chipotle Mexican Grill Consumer Cyclical 2,667.0 $85K 0.02% +635.0 +31.2% $32.01 +2.6%
36 MSFT Microsoft Corporation Technology 225.0 $83K 0.02% +16.0 +7.7% $370.17 +12.6%
37 AEIS Advanced Energy Industries Inc. Industrials 230.0 $74K 0.01% +21.0 +10.1% $322.71 -0.5%
38 CSTM Constellium SE - Ordinary Shares - Class A Basic Materials 2,253.0 $55K 0.01% +1K +94.9% $24.58 +32.7%
39 NESR National Energy Services Reunited Corp Energy 2,253.0 $48K 0.01% +871.0 +63.0% $21.47 +19.2%
40 DGII Digi International, Inc. Technology 946.0 $46K 0.01% +494.0 +109.3% $48.20 +29.4%
Page 2 of 4  ·  71 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 33.4%
Technology 20.2%
Industrials 14.1%
Healthcare 7.8%
Energy 6.1%
Consumer Cyclical 5.0%
Basic Materials 4.0%
Utilities 3.7%
Communication Services 2.3%
Consumer Defensive 2.1%