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UFF
USA Financial Formulas Portfolio holdings
AUM
$531M
1-Year Est. Return
28.6%
This Fund
S&P 500
This Quarter
Est. Return
+12.74%
1 Year Est. Return
+28.6%
3 Year Est. Return
+77.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$159M
AUM Growth
-$243M
(-60%)
Cap. Flow
-$250M
Cap. Flow
% of AUM
-157.43%
Top 10 Holdings %
Top 10 Hldgs %
39.38%
Holding
404
New
77
Increased
10
Reduced
33
Closed
284
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Intermediate-Term Treasury ETF
VGIT
|
+$6.67M |
| 2 |
Vanguard Short-Term Bond ETF
BSV
|
+$6.6M |
| 3 |
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
|
+$6.47M |
| 4 |
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
|
+$6.46M |
| 5 |
Mondelez International
MDLZ
|
+$5.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$13.8M |
| 2 |
Apple
AAPL
|
+$12.1M |
| 3 |
Illumina
ILMN
|
+$9.57M |
| 4 |
Costco
COST
|
+$8.94M |
| 5 |
Verisk Analytics
VRSK
|
+$8.85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 13.49% |
| 2 | Healthcare | 11.22% |
| 3 | Utilities | 11.14% |
| 4 | Real Estate | 8% |
| 5 | Communication Services | 7.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Intuitive Surgical
ISRG
$130B
| – | – |
-44,100
| Closed | -$8.44M |
|
227
Integer Holdings
ITGR
$4.23B
| – | – |
-1,322
| Closed | -$110K |
|
228
ITT
ITT
$17.8B
| – | – |
-6,401
| Closed | -$392K |
|
|
OPLN
229
Openlane
OPLN
$4.27B
| – | – |
-27,456
| Closed | -$620K |
|
230
KeyCorp
KEY
$24.6B
| – | – |
-17,953
| Closed | -$357K |
|
231
Kforce
KFRC
$1.02B
| – | – |
-19,525
| Closed | -$734K |
|
232
Korn Ferry
KFY
$4.17B
| – | – |
-1,592
| Closed | -$78K |
|
233
KLA
KLAC
$251B
| – | – |
-45,810
| Closed | -$466K |
|
234
CarMax
KMX
$8.38B
| – | – |
-21
| Closed | -$2K |
|
235
Kohl's
KSS
$2.26B
| – | – |
-45,271
| Closed | -$3.38M |
|
236
Lands' End
LE
$389M
| – | – |
-8,287
| Closed | -$145K |
|
237
Lear
LEA
$5.98B
| – | – |
-3,191
| Closed | -$463K |
|
238
Lennar Class A
LEN
$20.7B
| – | – |
-32
| Closed | -$1K |
|
239
Ligand Pharmaceuticals
LGND
$5.96B
| – | – |
-3,535
| Closed | -$605K |
|
240
Lumentum
LITE
$64.7B
| – | – |
-3,173
| Closed | -$190K |
|
241
LivaNova
LIVN
$4.54B
| – | – |
-3,049
| Closed | -$378K |
|
242
Lowe's Companies
LOW
$119B
| – | – |
-2,990
| Closed | -$343K |
|
243
Lam Research
LRCX
$389B
| – | – |
-17,160
| Closed | -$260K |
|
244
Lattice Semiconductor
LSCC
$18.9B
| – | – |
-46,118
| Closed | -$369K |
|
245
lululemon athletica
LULU
$14.1B
| – | – |
-2,330
| Closed | -$379K |
|
246
Southwest Airlines
LUV
$23.4B
| – | – |
-4,917
| Closed | -$307K |
|
247
Mastercard
MA
$497B
| – | – |
-18,146
| Closed | -$4.04M |
|
248
Manhattan Associates
MANH
$11B
| – | – |
-11,906
| Closed | -$650K |
|
249
Matsons
MATX
$6.5B
| – | – |
-10,288
| Closed | -$408K |
|
250
Moody's
MCO
$84B
| – | – |
-8
| Closed | -$1K |
|
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USA Financial Formulas's Q1 2019 Portfolio in Review
As of Q1 2019, USA Financial Formulas held 404 positions worth $159M, down 60% from $402M the previous quarter. Its ten largest holdings account for 39% of the portfolio.
USA Financial Formulas withdrew a net $250M in Q1 2019, closing 284 positions and reducing 33 holdings. Its most notable exit was Microsoft, an estimated $13.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 13% of assets, up from 4.3% a quarter earlier, followed by Healthcare and Utilities.
Against the trend, USA Financial Formulas opened a new position in Vanguard Intermediate-Term Treasury ETF worth $6.76M.
- USA Financial Formulas's largest Q1 2019 buy was Vanguard Intermediate-Term Treasury ETF: 104,864 shares worth $6.76M.
- USA Financial Formulas added most to Regeneron Pharmaceuticals in Q1 2019, an estimated $4.82M increase.
- USA Financial Formulas's biggest Q1 2019 reduction was O'Reilly Automotive, cutting an estimated $3.35M.
- USA Financial Formulas fully exited Microsoft in Q1 2019, selling an estimated $13.8M.
- USA Financial Formulas's ten largest holdings make up 39% of its $159M portfolio in Q1 2019.
- USA Financial Formulas opened 77 new positions and closed 284 in Q1 2019.
- USA Financial Formulas's portfolio value fell 60% quarter-over-quarter to $159M.
Based on USA Financial Formulas's 13F filing for Q1 2019, filed 14 May 2019.