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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
ANET icon
51
Arista Networks
ANET
$251B
$1.24M 0.22%
21,016
+17,796
+553% +$935K
NTAP icon
52
NetApp
NTAP
$36.9B
$1.24M 0.22%
14,034
+14,024
+140,240% +$1.13M
BKR icon
53
Baker Hughes
BKR
$61.3B
$1.23M 0.21%
+35,937
New +$1.23M
ROST icon
54
Ross Stores
ROST
$81.2B
$1.22M 0.21%
8,811
-12,304
-58% -$1.53M
PDD icon
55
Pinduoduo
PDD
$129B
$1.22M 0.21%
8,323
+6,211
+294% +$753K
FISV
56
Fiserv Inc
FISV
$29B
$1.2M 0.21%
9,040
-11,411
-56% -$1.4M
AIZ icon
57
Assurant
AIZ
$14.9B
$1.18M 0.21%
+7,012
New +$1.11M
IWM icon
58
iShares Russell 2000 ETF
IWM
$82.6B
$1.18M 0.21%
5,867
+3,808
+185% +$682K
VTI icon
59
Vanguard Morningstar Total Stock Market ETF
VTI
$682B
$1.15M 0.2%
4,858
+3,011
+163% +$666K
IWV icon
60
iShares Russell 3000 ETF
IWV
$20.3B
$1.15M 0.2%
4,184
+2,597
+164% +$662K
OEF icon
61
iShares S&P 100 ETF
OEF
$20.5B
$1.14M 0.2%
5,124
+4,000
+356% +$841K
IWB icon
62
iShares Russell 1000 ETF
IWB
$49.9B
$1.14M 0.2%
4,363
+2,715
+165% +$665K
BRO icon
63
Brown & Brown
BRO
$23.8B
$1.14M 0.2%
16,000
+15,988
+133,233% +$1.14M
ODFL icon
64
Old Dominion Freight Line
ODFL
$44.8B
$1.13M 0.2%
5,572
+3,942
+242% +$782K
DIA icon
65
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.8B
$1.12M 0.2%
2,968
+1,817
+158% +$635K
CME icon
66
CME Group
CME
$95.2B
$1.11M 0.19%
5,285
+5,269
+32,931% +$1.12M
CHTR icon
67
Charter Communications
CHTR
$18.3B
$1.07M 0.19%
+2,759
New +$1.13M
AJG icon
68
Arthur J. Gallagher & Co
AJG
$64.4B
$1.04M 0.18%
4,642
+4,639
+154,633% +$1.1M
TJX icon
69
TJX Companies
TJX
$177B
$1.04M 0.18%
11,116
-934
-8% -$83.8K
IRM icon
70
Iron Mountain
IRM
$37.9B
$993K 0.17%
+14,191
New +$890K
MA icon
71
Mastercard
MA
$500B
$932K 0.16%
2,185
+1,795
+460% +$721K
PSX icon
72
Phillips 66
PSX
$81.4B
$926K 0.16%
6,958
+360
+5% +$43K
WELL icon
73
Welltower
WELL
$170B
$915K 0.16%
+10,147
New +$880K
ETN icon
74
Eaton
ETN
$174B
$913K 0.16%
3,793
+2,646
+231% +$584K
PKG icon
75
Packaging Corp of America
PKG
$22.9B
$852K 0.15%
5,227
+5,205
+23,659% +$819K
1 2
3
4 5

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EPA
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TM
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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
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OC
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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.