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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 8 of 22  ·  437 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
141 AMG Affiliated Managers Group Inc. Financial Services 609.0 $169K 0.03% -26.0 -4.1% $276.70 +7.3%
142 RSG Republic Services, Inc. Industrials 765.0 $168K 0.03% -1K -61.3% $219.02 -4.9%
143 INDA iShares MSCI India ETF 3,574.0 $167K 0.03% NEW $46.84 +2.1%
144 LECO Lincoln Electric Holdings, Inc. Industrials 640.0 $159K 0.03% +638.0 +10000.0% $249.08 +4.8%
145 ATI ATI Inc Industrials 992.0 $144K 0.03% NEW $145.46 +2.9%
146 EWA BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Australi 5,066.0 $141K 0.03% +2K +91.5% $27.76 +3.8%
147 COHR Coherent Corp Technology 557.0 $133K 0.03% -303.0 -35.2% $238.21 +52.3%
148 VMI Valmont Industries, Inc. Industrials 332.0 $133K 0.03% NEW $399.57 +26.8%
149 EFA iShares MSCI EAFE ETF 1,332.0 $129K 0.02% -669K -99.8% $97.13 +5.7%
150 EWG BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Germany 3,239.0 $128K 0.02% +673.0 +26.2% $39.67 +6.7%
151 LOW Lowe`s Cos., Inc. Consumer Cyclical 541.0 $128K 0.02% -257.0 -32.2% $236.28 -7.6%
152 VEU Vanguard FTSE All-World ex-US ETF 1,639.0 $123K 0.02% -284.0 -14.8% $75.10 +8.5%
153 ILF BlackRock Institutional Trust Company N.A. - BTC iShares Latin America 3,460.0 $123K 0.02% -1K -24.5% $35.52 -1.9%
154 EWH iShares MSCI Hong Kong ETF 5,289.0 $122K 0.02% -936.0 -15.0% $23.09 +3.8%
155 VSS Vanguard FTSE All-World Ex-US Small Capital Index 832.0 $121K 0.02% -134.0 -13.9% $145.79 +8.4%
156 VUG Vanguard Growth ETF 276.0 $121K 0.02% -914.0 -76.8% $436.79 -80.1%
157 EPP BlackRock Institutional Trust Company N.A. - BTC iShares MSCI Pacific 2,257.0 $120K 0.02% -367.0 -14.0% $53.14 +3.7%
158 VWO Vanguard FTSE Emerging Markets ETF 2,181.0 $118K 0.02% -319.0 -12.8% $54.05 +8.2%
159 IEV BlackRock Institutional Trust Company N.A. - BTC iShares Europe ETF 1,706.0 $116K 0.02% -321.0 -15.8% $67.94 +5.3%
160 CVS CVS Health Corp Healthcare 1,527.0 $110K 0.02% +1K +1717.9% $71.82 +33.5%
Page 8 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%