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Portfolio (Quarterly) Guide ↗

USA FINANCIAL FORMULAS

· CIK 0001633716
13F Portfolio $550M AUM Filed Jan 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 414 New
Page 13 of 21  ·  414 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
241 LGND Ligand Pharmaceuticals, Inc. - Ordinary Shares - Class B Healthcare 227.0 $43K 0.01% NEW $189.07 +11.0%
242 HNRG Hallador Energy Co Energy 2,194.0 $42K 0.01% NEW $19.04 -5.8%
243 OSIS OSI Systems, Inc. Technology 159.0 $41K 0.01% NEW $255.06 -18.5%
244 AGX Argan, Inc. Industrials 128.0 $40K 0.01% NEW $313.32 +103.6%
245 STRL Sterling Infrastructure Inc Industrials 129.0 $40K 0.01% NEW $306.23 +142.0%
246 PARR Par Pacific Holdings Inc Energy 1,081.0 $38K 0.01% NEW $35.14 +71.3%
247 GLD SPDR Gold Shares Financial Services 78.0 $31K 0.01% NEW $396.31 +4.4%
248 FLEX Flex Ltd Technology 457.0 $28K 0.01% NEW $60.42 +110.5%
249 TSEM Tower Semiconductor Ltd. Technology 231.0 $27K 0.01% NEW $117.42 +115.2%
250 Kiniksa Pharmaceuticals International Plc. - Ordinary Shares - Class A 657.0 $27K 0.01% NEW $41.25
251 MKSI MKS Instruments, Inc. Technology 164.0 $26K 0.01% NEW $159.80 +81.9%
252 SBLK Star Bulk Carriers Corp Industrials 1,346.0 $26K 0.01% NEW $19.22 +37.4%
253 NBIX Neurocrine Biosciences, Inc. Healthcare 174.0 $25K 0.00% NEW $141.83 +8.5%
254 TTI Tetra Technologies, Inc. Energy 2,434.0 $23K 0.00% NEW $9.37 +9.8%
255 DOO BRP Inc Consumer Cyclical 315.0 $22K 0.00% NEW $70.76 -22.7%
256 CSTM Constellium SE - Ordinary Shares - Class A Basic Materials 1,156.0 $22K 0.00% NEW $18.85 +66.1%
257 REV Group Inc 357.0 $22K 0.00% NEW $60.81
258 NESR National Energy Services Reunited Corp Energy 1,382.0 $22K 0.00% NEW $15.66 +63.3%
259 IDR Idaho Strategic Resources Inc Basic Materials 533.0 $21K 0.00% NEW $40.30 -14.5%
260 APEI American Public Education Inc Consumer Defensive 554.0 $21K 0.00% NEW $37.80 +42.5%
Page 13 of 21  ·  414 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 69.7%
Technology 8.3%
Industrials 6.3%
Utilities 4.4%
Healthcare 3.3%
Consumer Cyclical 2.1%
Communication Services 2.0%
Energy 1.5%
Consumer Defensive 1.3%
Basic Materials 0.7%