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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 5 of 22  ·  437 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 RL Ralph Lauren Corp - Ordinary Shares - Class A Consumer Cyclical 1,399.0 $481K 0.09% +1K +10000.0% $343.99 -5.0%
82 VTR Ventas Inc Real Estate 5,846.0 $478K 0.09% NEW $81.78 +6.9%
83 TPR Tapestry Inc Consumer Cyclical 3,330.0 $470K 0.09% +3K +10000.0% $141.11 -8.4%
84 LHX L3Harris Technologies Inc Industrials 1,275.0 $440K 0.08% -514.0 -28.7% $345.15 -12.1%
85 CIEN CIENA Corp. Technology 1,104.0 $429K 0.08% -757.0 -40.7% $388.23 +35.1%
86 MLM Martin Marietta Materials, Inc. Basic Materials 718.0 $423K 0.08% NEW $588.68 -5.1%
87 NOC Northrop Grumman Corp. Industrials 594.0 $405K 0.08% +593.0 +10000.0% $682.24 -20.7%
88 EWJ iShares MSCI Japan ETF 4,602.0 $389K 0.07% -2K -26.6% $84.44 +7.7%
89 VOO Vanguard S&P 500 ETF 648.0 $387K 0.07% -440.0 -40.4% $597.55 +13.6%
90 IEMG iShares Core MSCI Emerging Markets ETF 5,040.0 $352K 0.07% -2K -30.3% $69.75 +13.8%
91 IUSV BlackRock Institutional Trust Company N.A. - BTC iShares Core S&P U.S. 3,371.0 $345K 0.07% -2K -40.6% $102.25 +6.4%
92 EWC BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Canada E 5,896.0 $323K 0.06% +4K +321.8% $54.79 +5.1%
93 LEA Lear Corp. Consumer Cyclical 2,456.0 $297K 0.06% -375.0 -13.2% $121.08 +9.6%
94 FCX Freeport-McMoRan Inc Basic Materials 4,770.0 $280K 0.05% NEW $58.78 +7.2%
95 MDT Medtronic Plc Healthcare 3,193.0 $277K 0.05% +196.0 +6.5% $86.65 -12.1%
96 XLE Energy Select Sector SPDR 3,964.0 $243K 0.05% -2K -31.8% $61.26 -1.2%
97 EWQ BlackRock Institutional Trust Company N.A. - BTC iShares MSCI France E 5,513.0 $239K 0.04% +2K +63.9% $43.38 +3.3%
98 XLU Utilities Select Sector SPDR 5,070.0 $233K 0.04% -778.0 -13.3% $45.89 -4.2%
99 FIVE Five Below Inc Consumer Cyclical 1,004.0 $229K 0.04% -252.0 -20.1% $228.48 -6.5%
100 TIGO Millicom International Cellular S.A. Communication Services 3,051.0 $229K 0.04% -909.0 -22.9% $74.94 +5.8%
Page 5 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%