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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
IJK icon
1
iShares S&P Mid-Cap 400 Growth ETF
IJK
$10.8B
$66.7M 11.67%
841,904
+841,891
+6,476,085% +$61.8M
QQQ icon
2
Invesco QQQ Trust
QQQ
$460B
$65.9M 11.52%
160,830
+160,208
+25,757% +$60.8M
IVE icon
3
iShares S&P 500 Value ETF
IVE
$48.5B
$65.5M 11.47%
376,933
+376,927
+6,282,117% +$60.6M
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$64.5M 11.28%
+135,648
New +$60.4M
IVW icon
5
iShares S&P 500 Growth ETF
IVW
$72.9B
$64.2M 11.24%
+855,439
New +$60.9M
IVV icon
6
iShares Core S&P 500 ETF
IVV
$875B
$36.4M 6.36%
76,137
+75,230
+8,294% +$33.7M
LQD icon
7
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.7B
$32.6M 5.7%
294,592
+294,188
+72,819% +$30.6M
BIL icon
8
State Street SPDR Bloomberg 1-3 Month T-Bill ETF
BIL
$46.8B
$20.2M 3.54%
221,190
+220,806
+57,502% +$20.2M
HYG icon
9
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$10.8M 1.89%
+139,293
New +$10.4M
GSG icon
10
iShares S&P GSCI Commodity-Indexed Trust
GSG
$1.03B
$3.62M 0.63%
180,514
+180,512
+9,025,600% +$3.8M
GOOG icon
11
Alphabet (Google) Class C
GOOG
$3.88T
$3.51M 0.61%
24,919
+22,090
+781% +$3M
NVDA icon
12
NVIDIA
NVDA
$5.06T
$3.25M 0.57%
65,670
+55,690
+558% +$2.58M
MSFT icon
13
Microsoft
MSFT
$2.83T
$3.16M 0.55%
8,413
+7,013
+501% +$2.5M
AMZN icon
14
Amazon
AMZN
$2.51T
$3.03M 0.53%
19,941
+17,195
+626% +$2.41M
INTU icon
15
Intuit
INTU
$77B
$2.82M 0.49%
4,518
+3,888
+617% +$2.14M
VRTX icon
16
Vertex Pharmaceuticals
VRTX
$120B
$2.62M 0.46%
6,440
-1,224
-16% -$452K
META icon
17
Meta Platforms (Facebook)
META
$1.54T
$2.6M 0.46%
7,352
+5,747
+358% +$1.87M
ADBE icon
18
Adobe
ADBE
$84.3B
$2.58M 0.45%
4,328
+3,546
+453% +$2.05M
GOOGL icon
19
Alphabet (Google) Class A
GOOGL
$3.88T
$2.54M 0.45%
18,210
+15,471
+565% +$2.08M
CPRT icon
20
Copart
CPRT
$25.2B
$2.51M 0.44%
51,214
+40,134
+362% +$1.9M
LRCX icon
21
Lam Research
LRCX
$400B
$2.51M 0.44%
31,990
+25,710
+409% +$1.75M
AVGO icon
22
Broadcom
AVGO
$1.87T
$2.48M 0.43%
22,250
+17,190
+340% +$1.63M
CDNS icon
23
Cadence Design Systems
CDNS
$91.1B
$2.43M 0.43%
8,922
+7,066
+381% +$1.82M
CTAS icon
24
Cintas
CTAS
$81.3B
$2.41M 0.42%
15,972
+14,392
+911% +$1.93M
VRSK icon
25
Verisk Analytics
VRSK
$25.3B
$2.36M 0.41%
9,863
+7,922
+408% +$1.88M
1
2 3 4 5

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TM
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KI
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OMC
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PWS
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PIM
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SLC
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LSCM
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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.