SEC 13F Intelligence

Managers / Q3 2024 · view latest →

USA FINANCIAL FORMULAS

CIK 0001633716 · 6020 EAST FULTON STREET, ADA, MI, 49301 · 888-407-8198

Reported Value
$643M
Q3 2024
Positions
256
Filings on Record
29
2019–present window
Filed
Oct 8, 2024
original filing

Summary

USA Financial Formulas reported $643M in U.S.-listed holdings across 256 positions for Q3 2024.

Its largest position, Ishares Msci Eafe Etf, represents 12.7% of the portfolio.

Compared with Q2 2024, the fund opened 80 new positions and exited 121.

Portfolio Metrics

Turnover
+20.7%
vs prior filed quarter
Top-10 Concentration
+80.4%
share of reported value
Largest Position
+12.7%
Ishares Msci Eafe Etf
New / Exited
80 / 121
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $402MQ4 ’18Q1 ’19: $159MQ2 ’19: $199MQ3 ’19: $258MQ4 ’19: $241MQ4 ’19Q1 ’20: $157MQ2 ’20: $135MQ3 ’20: $133MQ4 ’20: $127MQ4 ’20Q1 ’21: $123MQ2 ’21: $119MQ3 ’21: $112MQ4 ’21: $117MQ4 ’21Q2 ’22: $93MQ3 ’22: $63MQ3 ’23: $67MQ4 ’23: $572MQ4 ’23Q1 ’24: $617MQ2 ’24: $617MQ3 ’24: $643MQ4 ’24: $636MQ4 ’24Q1 ’25: $606MQ2 ’25: $586MQ3 ’25: $568MQ4 ’25: $550MQ4 ’25Q1 ’26: $531Mfilingsflow.com

Portfolio Composition

By security type
ETP: 81.9%Common Stock: 16.4%Other: 1.0%REIT: 0.6%ADR: 0.2%
  • ETP · 81.9% · $527M
  • Common Stock · 16.4% · $105M
  • Other · 1.0% · $6M
  • REIT · 0.6% · $4M
  • ADR · 0.2% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
AVGOBroadcom IncNEW+16.9K16.9K+$3M$3M
PANWPalo Alto Networks IncNEW+3.9K3.9K+$1M$1M
EAElectronic Arts, Inc.NEW+9.4K9.4K+$1M$1M
KOCoca-Cola CoNEW+18.7K18.7K+$1M$1M
VRSKVerisk Analytics IncNEW+5.0K5.0K+$1M$1M
AMGNAMGEN Inc.NEW+4.1K4.1K+$1M$1M
AZNNAstrazeneca plc - ADRNEW+16.6K16.6K+$1M$1M
GLWCorning, Inc.NEW+27.8K27.8K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2024

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1iShares MSCI EAFE ETFMSCI EAFE ETF12.72%$82M977.9K
2SPDR S&P 500TR UNIT12.56%$81M140.8K
3iShares S&P 500 Growth ETFS&P 500 GRWT ETF12.48%$80M838.1K
4NDQInvesco QQQ Trust ETFhistory →UNIT SER 112.38%$80M163.2K
5iShares S&P Mid-Cap 400 Growth ETFS&P MC 400GR ETF12.05%$78M843.1K
6iShares iBoxx USD Inv Grade Corp Bond ETFIBOXX INV CP ETF7.02%$45M399.8K
7iShares Core S&P 500CORE S&P500 ETF5.49%$35M61.2K
8SPDR Series Trust - SPDR Bloomberg Barclays 1-3 Month T-Bill ETFBLOOMBERG 1-3 MO3.49%$22M244.6K
9iShares iBoxx USD High Yield Corp Bond ETFIBOXX HI YD ETF1.66%$11M133.0K
10GOOGAlphabet Inc - Ordinary Shares - Class CCAP STK CL C · CAP STK CL A0.54%$3M21.0K
11TMUST-Mobile US IncCOM0.51%$3M15.8K
12NVDANVIDIA CorpCOM0.48%$3M25.5K
13AVGOBroadcom IncCOM0.45%$3M16.9K
14CITCintas CorporationCOM0.43%$3M13.5K
15ISRGIntuitive Surgical IncCOM NEW0.34%$2M4.5K
16COSTCostco Wholesale CorpCOM0.32%$2M2.3K
17BNYBank Of New York Mellon CorpCOM0.28%$2M25.5K
18AXPAmerican Express Co.COM0.28%$2M6.6K
19PYPLPayPal Holdings IncCOM0.27%$2M22.6K
20ECLEcolab, Inc.COM0.27%$2M6.7K
21AAPLApple IncCOM0.26%$2M7.3K
22BACBank Of America Corp.COM0.25%$2M41.1K
23Trane Technologies plc - Ordinary Shares - Class ASHS0.25%$2M4.1K
24CLColgate-Palmolive Co.COM0.24%$2M15.1K
25RSGRepublic Services, Inc.COM0.24%$2M7.6K
26HASHasbro, Inc.COM0.24%$2M21.0K
27TTDTrade Desk Inc - Ordinary Shares - Class ACOM CL A0.23%$1M13.6K
28ADIAnalog Devices Inc.COM0.23%$1M6.4K
29APHAmphenol Corp. - Ordinary Shares - Class ACL A0.22%$1M21.8K
30AEPAmerican Electric Power Company Inc.COM0.22%$1M13.8K
31FITBFifth Third BancorpCOM0.22%$1M32.9K
32KDPKeurig Dr Pepper IncCOM0.22%$1M37.3K
33BSXBoston Scientific Corp.COM0.22%$1M16.7K
34NFLXNetflix Inc.COM0.21%$1M1.9K
35HONGBPHoneywell International IncCOM0.21%$1M6.6K
36PANWPalo Alto Networks IncCOM0.21%$1M3.9K
37EAElectronic Arts, Inc.COM0.21%$1M9.4K
38KOCoca-Cola CoCOM0.21%$1M18.7K
39VRSKVerisk Analytics IncCOM0.21%$1M5.0K
40AMGNAMGEN Inc.COM0.21%$1M4.1K
41PGRProgressive Corp.COM0.20%$1M5.1K
42AZNNAstrazeneca plc - ADRSPONSORED ADR0.20%$1M16.6K
43GMGeneral Motors CompanyCOM0.20%$1M28.8K
44GE AerospaceCOM NEW0.20%$1M6.7K
45GLWCorning, Inc.COM0.20%$1M27.8K
46JPMJPMorgan Chase & Co.COM0.20%$1M5.9K
47Royal Caribbean GroupCOM0.19%$1M6.9K
48LDOSLeidos Holdings IncCOM0.19%$1M7.3K
49WMTWalmart IncCOM0.19%$1M14.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$531M437Apr 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$550M414Jan 14, 202613F-HRchanges · EDGAR ↗
Q3 2025$568M257Oct 10, 202513F-HRchanges · EDGAR ↗
Q2 2025$586M240Jul 18, 202513F-HRchanges · EDGAR ↗
Q1 2025$606M274Apr 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$636M286Jan 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$643M256Oct 8, 202413F-HRchanges · EDGAR ↗
Q2 2024$617M297Jul 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$617M300Apr 30, 202413F-HRchanges · EDGAR ↗
Q4 2023$572M333Feb 7, 202413F-HRchanges · EDGAR ↗
Q3 2023$67M494Nov 27, 202313F-HRchanges · EDGAR ↗
Q3 2022$63M372Oct 24, 202213F-HRchanges · EDGAR ↗
Q2 2022$93M397Aug 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$117M410Feb 10, 202213F-HRchanges · EDGAR ↗
Q3 2021$112M425Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$119M395Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$123M359May 6, 202113F-HRchanges · EDGAR ↗
Q4 2020$127M338Jan 29, 202113F-HRchanges · EDGAR ↗
Q3 2020$133M343Oct 9, 202013F-HRchanges · EDGAR ↗
Q2 2020$135M257Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$157M239Apr 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$241M251Feb 7, 202013F-HRchanges · EDGAR ↗
Q3 2019$258M234Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$199M120Aug 12, 201913F-HRchanges · EDGAR ↗
Q1 2019$159M120May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$402M327Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.