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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 20 of 22  ·  437 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
381 DOCU DocuSign Inc Technology 11.0 $522.0 +4.0 +57.1% $47.45 -4.1%
382 CHWY Chewy Inc - Ordinary Shares - Class A Consumer Cyclical 19.0 $513.0 +5.0 +35.7% $27.00 -21.2%
383 LOPE Grand Canyon Education Inc Consumer Defensive 3.0 $510.0 $170.00 -5.6%
384 NYT New York Times Co. - Ordinary Shares - Class A Communication Services 6.0 $502.0 -1.0 -14.3% $83.67 -9.8%
385 PM Philip Morris International Inc Consumer Defensive 3.0 $496.0 $165.33 +16.0%
386 BYD Boyd Gaming Corp. Consumer Cyclical 6.0 $493.0 $82.17 -3.7%
387 EXLS ExlService Holdings Inc Technology 16.0 $487.0 +4.0 +33.3% $30.44 -11.5%
388 ADBE Adobe Inc Technology 2.0 $486.0 $243.00 +1.9%
389 CVCO Cavco Industries Inc Consumer Cyclical 1.0 $484.0 $484.00 -1.5%
390 PANW Palo Alto Networks Inc Technology 3.0 $481.0 $160.33 +48.6%
391 CSGS CSG Systems International Inc. Technology 6.0 $480.0 $80.00 -0.2%
392 HCA HCA Healthcare Inc Healthcare 1.0 $473.0 $473.00 -8.5%
393 SEIC SEI Investments Co. Financial Services 6.0 $471.0 $78.50 +16.8%
394 EXPE Expedia Group Inc Consumer Cyclical 2.0 $462.0 $231.00 -6.0%
395 ISRG Intuitive Surgical Inc Healthcare 1.0 $461.0 $461.00 -7.1%
396 GNTX Gentex Corp. Consumer Cyclical 21.0 $459.0 $21.86 +7.1%
397 ANF Abercrombie & Fitch Co. - Ordinary Shares - Class A Consumer Cyclical 5.0 $457.0 $91.40 -22.8%
398 LNTH Lantheus Holdings Inc Healthcare 6.0 $455.0 -2.0 -25.0% $75.83 +27.5%
399 DBX Dropbox Inc - Ordinary Shares - Class A Technology 20.0 $454.0 +3.0 +17.6% $22.70 +15.4%
400 CBT Cabot Corp. Basic Materials 6.0 $452.0 -2.0 -25.0% $75.33 +7.5%
Page 20 of 22  ·  437 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%