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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
+11.66%
1 Year Est. Return
+28.6%
3 Year Est. Return
+77.97%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$572M
AUM Growth
+$505M
Cap. Flow
+$466M
Cap. Flow %
81.59%
Top 10 Hldgs %
75.29%
Holding
570
New
76
Increased
157
Reduced
78
Closed
237

Top Buys

Rank Stock Value
1
IJK icon
iShares S&P Mid-Cap 400 Growth ETF
IJK
+$61.8M
2
IVW icon
iShares S&P 500 Growth ETF
IVW
+$60.9M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$60.8M
4
IVE icon
iShares S&P 500 Value ETF
IVE
+$60.6M
5
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$60.4M

Top Sells

Rank Stock Value
1
REGN icon
Regeneron Pharmaceuticals
REGN
+$2.22M
2
BIIB icon
Biogen
BIIB
+$2.09M
3
GILD icon
Gilead Sciences
GILD
+$2.04M
4
ROST icon
Ross Stores
ROST
+$1.53M
5
MNST icon
Monster Beverage
MNST
+$1.53M

Sector Composition

Rank Sector Weight
1 Technology 7.26%
2 Industrials 3.12%
3 Communication Services 2.93%
4 Financials 2.5%
5 Consumer Discretionary 2.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ENR icon
401
Energizer
ENR
$1.55B
– –
-677
Closed -$21.7K
ENS icon
402
EnerSys
ENS
$6.99B
– –
-855
Closed -$80.9K
ESNT icon
403
Essent Group
ESNT
$6.33B
– –
-10
Closed -$473
ESS icon
404
Essex Property Trust
ESS
$18.5B
– –
-2
Closed -$424
EXC icon
405
Exelon
EXC
$47B
– –
-46
Closed -$1.74K
EXR icon
406
Extra Space Storage
EXR
$31.6B
– –
-4
Closed -$486
EXTR icon
407
Extreme Networks
EXTR
$3.15B
– –
-7,633
Closed -$185K
EZPW icon
408
Ezcorp Inc
EZPW
$1.71B
– –
-6,507
Closed -$53.7K
FELE icon
409
Franklin Electric
FELE
$4.84B
– –
-21
Closed -$1.87K
FIX icon
410
Comfort Systems
FIX
$59.6B
– –
-14
Closed -$2.39K
FLEX icon
411
Flex
FLEX
$44.8B
– –
-3,433
Closed -$69.8K
FLO icon
412
Flowers Foods
FLO
$1.57B
– –
-55
Closed -$1.22K
FMC icon
413
FMC
FMC
$1.33B
– –
-5,508
Closed -$369K
FN icon
414
Fabrinet
FN
$20.1B
– –
-195
Closed -$32.5K
FNB icon
415
FNB Corp
FNB
$6.75B
– –
-5,891
Closed -$63.6K
FORM icon
416
FormFactor
FORM
$9.17B
– –
-92
Closed -$3.21K
FR icon
417
First Industrial Realty Trust
FR
$8.44B
– –
-7
Closed -$333
FRT icon
418
Federal Realty Investment Trust
FRT
$10.3B
– –
-6
Closed -$544
FTNT icon
419
Fortinet
FTNT
$117B
– –
-10
Closed -$587
GD icon
420
General Dynamics
GD
$106B
– –
-13
Closed -$2.87K
GEHC icon
421
GE HealthCare
GEHC
$32.4B
– –
-1
Closed -$68
GILD icon
422
Gilead Sciences
GILD
$165B
– –
-27,283
Closed -$2.04M
GL icon
423
Globe Life
GL
$14.3B
– –
-6,917
Closed -$752K
GLPI icon
424
Gaming and Leisure Properties
GLPI
$12.8B
– –
-1,480
Closed -$67.4K
GMS
425
DELISTED
GMS Inc
GMS
– –
-6
Closed -$384
15 16
17
18 19

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TM
Taproot Management New York $530M AUM
KI
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PWS
Proactive Wealth Strategies Marietta, Georgia $532M AUM 21.29% 1-Year Est. Return
SLC
Second Line Capital Metairie, Louisiana $528M AUM 16.68% 1-Year Est. Return
LSCM
Light Street Capital Management Palo Alto, California $534M AUM 59.08% 1-Year Est. Return
LIM
Lathrop Investment Management Little Rock, Arkansas $534M AUM 22.94% 1-Year Est. Return
DA
Drake & Associates Waukesha, Wisconsin $525M AUM 14.04% 1-Year Est. Return
SRFM
Shannon River Fund Management New York $524M AUM 90.54% 1-Year Est. Return

USA Financial Formulas's Q4 2023 Portfolio in Review

As of Q4 2023, USA Financial Formulas held 570 positions worth $572M, up 754% from $66.9M the previous quarter. Its ten largest holdings account for 75% of the portfolio.

USA Financial Formulas deployed $466M of net new capital in Q4 2023, opening 76 new positions and adding to 157 existing holdings. Its largest new stake was iShares S&P 500 Growth ETF: 855,439 shares worth $64.2M.

By sector, the portfolio is most concentrated in Technology at 7.3% of assets, down from 17% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was Biogen, an estimated $2.09M trimmed.

  • USA Financial Formulas's largest Q4 2023 buy was iShares S&P 500 Growth ETF: 855,439 shares worth $64.2M.
  • USA Financial Formulas added most to iShares S&P Mid-Cap 400 Growth ETF in Q4 2023, an estimated $61.8M increase.
  • USA Financial Formulas's biggest Q4 2023 reduction was Biogen, cutting an estimated $2.09M.
  • USA Financial Formulas fully exited Regeneron Pharmaceuticals in Q4 2023, selling an estimated $2.22M.
  • USA Financial Formulas's ten largest holdings make up 75% of its $572M portfolio in Q4 2023.
  • USA Financial Formulas opened 76 new positions and closed 237 in Q4 2023.
  • USA Financial Formulas's portfolio value rose 754% quarter-over-quarter to $572M.

Based on USA Financial Formulas's 13F filing for Q4 2023, filed 7 Feb 2024.