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 1 of 5 · 91 positions

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#	Ticker	Company	Sector	Shares	Value ↓	% Port	Status
1	IYZ	BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Telecomm	—	80,884	$2.7M	0.50%	SOLD
2	IYW	iShares U.S. Technology ETF	—	13,126	$2.6M	0.48%	SOLD
3	IYH	iShares U.S. Healthcare ETF	—	39,109	$2.5M	0.46%	SOLD
4	IDU	BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Utilitie	—	23,319	$2.5M	0.46%	SOLD
5	—	Astrazeneca plc - ADR	—	10,063	$925K	0.17%	SOLD
6	GM	General Motors Company	Consumer Cyclical	9,747	$793K	0.14%	SOLD
7	DDOG	Datadog Inc - Ordinary Shares - Class A	Technology	5,627	$765K	0.14%	SOLD
8	ULTA	Ulta Beauty Inc	Consumer Cyclical	1,144	$692K	0.13%	SOLD
9	FSLR	First Solar Inc	Energy	2,573	$672K	0.12%	SOLD
10	SRE	Sempra	Utilities	7,511	$663K	0.12%	SOLD
11	—	Leidos Holdings Inc	—	3,588	$647K	0.12%	SOLD
12	—	Bunge Global SA	—	7,134	$635K	0.12%	SOLD
13	PWR	Quanta Services, Inc.	Industrials	1,441	$608K	0.11%	SOLD
14	IVZ	Invesco Ltd	Financial Services	20,665	$543K	0.10%	SOLD
15	MS	Morgan Stanley	Financial Services	2,956	$525K	0.10%	SOLD
16	ROK	Rockwell Automation Inc	Industrials	1,253	$488K	0.09%	SOLD
17	NEE	NextEra Energy Inc	Utilities	5,990	$481K	0.09%	SOLD
18	HPE	Hewlett Packard Enterprise Co	Technology	14,460	$347K	0.06%	SOLD
19	AFRM	Affirm Holdings Inc - Ordinary Shares - Class A	Technology	2,886	$215K	0.04%	SOLD
20	DUK	Duke Energy Corp.	Utilities	1,673	$196K	0.04%	SOLD

Page 1 of 5 · 91 positions

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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%