USA Financial Formulas
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 12, 2024), USA Financial Formulas reported 297 stock positions worth $616.7 million. Its top holding was iShares S&P 500 Growth ETF (IVW) at 13.1% of the portfolio, followed by Invesco QQQ Trust Series 1 (QQQ, 13.0%) and SS SPDR S&P 500 ETF Trust-US (SPY, 12.4%). Compared with Q1 2024, it opened 91 new positions, sold out of 94, added to 64 and reduced 130. The biggest buy was a new position in iShares S&P Mid-Cap 400 Grow (IJK) and the biggest sale an exit from iShares S&P 500 Value ETF (IVE).
- Most Recent 13F
- Q1 2026
- Location
- ADA, MI
- CIK
- 0001633716
- Portfolio Value
- $616.7M (Q2 2024)
- SEC Filing
- 0001633716-24-000007 ↗ filed Jul 12, 2024
Holdings Value
Holdings 297 stocks · $616.7M
| IVW iShares S&P 500 Growth ETF | 13.12% | 874,515 | $80.9M | Reduce -3.1% |
| QQQ Invesco QQQ Trust Series 1 | 13.03% | 167,669 | $80.3M | Add +0.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 12.37% | 140,223 | $76.3M | Reduce -0.3% |
| IJK iShares S&P Mid-Cap 400 Grow | 11.54% | 807,648 | $71.2M | New |
| MDY State Street SPDR S&P Midcap | 11.45% | 131,970 | $70.6M | New |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 6.01% | 345,897 | $37.1M | Add +11.4% |
| IVV iShares Core S&P 500 ETF | 5.79% | 65,291 | $35.7M | Reduce -18.2% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 3.55% | 238,399 | $21.9M | Add +4.3% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 1.63% | 130,101 | $10.0M | Reduce -2.5% |
| GSG iShares S&P Gsci Commodity I | 0.55% | 153,148 | $3.4M | Add +2042.5% |
| TMUS T-Mobile US Inc. | 0.45% | 15,667 | $2.8M | Reduce -6.0% |
| MU Micron Technology Inc. | 0.40% | 18,521 | $2.4M | Add +123373.3% |
| GOOG Alphabet Inc. Class C | 0.39% | 13,004 | $2.4M | Add +23.8% |
| QCOM Qualcomm Inc. | 0.36% | 11,238 | $2.2M | Add +52.3% |
| FANG Diamondback Energy Inc. | 0.36% | 11,081 | $2.2M | New |
| KLAC KLA Corp. | 0.35% | 2,582 | $2.1M | Add +9.8% |
| CTAS Cintas Corp. | 0.33% | 2,904 | $2.0M | Reduce -17.3% |
| COST Costco Wholesale Corp. | 0.33% | 2,376 | $2.0M | Reduce -8.4% |
| GOOGL Alphabet Inc. Class A | 0.31% | 10,487 | $1.9M | Add +45.0% |
| META Meta Platforms Inc. Class A | 0.30% | 3,688 | $1.9M | Reduce -12.6% |
| CB Chubb Ltd. | 0.28% | 6,649 | $1.7M | Add +0.2% |
| HIG Hartford Insurance Group Inc. | 0.27% | 16,568 | $1.7M | Reduce -12.5% |
| RSG Republic Services Inc. | 0.27% | 8,469 | $1.6M | Add +11.0% |
| WM Waste Management Inc. | 0.27% | 7,712 | $1.6M | Add +209.0% |
| CL Colgate-Palmolive Co. | 0.26% | 16,707 | $1.6M | Add +179.0% |
| BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP | 0.25% | 26,173 | $1.6M | Add +8.6% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.25% | 4,060 | $1.6M | New |
| TT Trane Technologies PLC | 0.24% | 4,530 | $1.5M | Reduce -4.1% |
| AXP American Express Co. | 0.24% | 6,426 | $1.5M | Add +218.4% |
| ELV Elevance Health Inc. | 0.23% | 2,563 | $1.4M | Add +1029.1% |
| INTU Intuit Inc. | 0.22% | 2,098 | $1.4M | Reduce -34.7% |
| BSX Boston Scientific Corp. | 0.22% | 17,650 | $1.4M | Add +348.0% |
| C Citigroup Inc. | 0.22% | 21,156 | $1.3M | Add +81269.2% |
| AMAT Applied Materials Inc. | 0.21% | 5,566 | $1.3M | Reduce -5.0% |
| MSFT Microsoft Corp. | 0.21% | 2,901 | $1.3M | Add +0.6% |
| APH Amphenol Corp. Class A | 0.21% | 18,827 | $1.3M | Reduce -2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.20% | 31,640 | $1.3M | Add +144.0% |
| LRCX Lam Research Corp. | 0.20% | 1,159 | $1.2M | Add +8.3% |
| WAB Wabtec Corp. | 0.19% | 7,416 | $1.2M | Add +779.7% |
| NRG NRG Energy Inc. | 0.19% | 14,813 | $1.2M | Reduce -36.2% |
| WELL Welltower Inc. | 0.18% | 10,940 | $1.1M | New |
| OEF iShares S&P 100 ETF | 0.18% | 4,282 | $1.1M | Reduce -12.7% |
| AMZN Amazon.com Inc. | 0.18% | 5,822 | $1.1M | Reduce -45.4% |
| LDOS Leidos Holdings Inc. | 0.18% | 7,700 | $1.1M | Reduce -22.1% |
| WFC Wells Fargo & Co. | 0.18% | 18,815 | $1.1M | New |
| SYF Synchrony Financial | 0.18% | 23,490 | $1.1M | Add +247.5% |
| LHX L3HARRIS Technologies Inc. | 0.18% | 4,924 | $1.1M | New |
| IWB iShares Russell 1000 ETF | 0.18% | 3,689 | $1.1M | Reduce -12.0% |
| VTI VG Morningstar TS MKT ETF-US | 0.18% | 4,102 | $1.1M | Reduce -12.0% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 6,871 | $1.1M | Reduce -12.2% |
| PGR Progressive Corp. | 0.18% | 5,254 | $1.1M | Add +8.5% |
| IWV iShares Russell 3000 ETF | 0.18% | 3,526 | $1.1M | Reduce -12.1% |
| GD General Dynamics Corp. | 0.18% | 3,733 | $1.1M | Reduce -16.5% |
| ALL Allstate Corp. | 0.17% | 6,739 | $1.1M | Reduce -16.6% |
| ISRG Intuitive Surgical Inc. | 0.17% | 2,415 | $1.1M | Add +7.8% |
| AIG American International Group | 0.17% | 14,470 | $1.1M | New |
| WRK Westrock Co. | 0.17% | 21,204 | $1.1M | New |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.17% | 10,855 | $1.1M | New |
| HON Honeywell International Inc. | 0.17% | 4,941 | $1.1M | New |
| LLY Eli Lilly & Co. | 0.17% | 1,165 | $1.1M | Reduce -13.4% |
| GS Goldman Sachs Group Inc. | 0.17% | 2,324 | $1.1M | New |
| FITB Fifth Third Bancorp | 0.17% | 28,757 | $1.0M | Add +279.2% |
| HWM Howmet Aerospace Inc. | 0.17% | 13,449 | $1.0M | New |
| CPRT Copart Inc. | 0.17% | 19,243 | $1.0M | Add +6.6% |
| IWM iShares Russell 2000 ETF | 0.17% | 5,125 | $1.0M | Reduce -10.7% |
| DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE | 0.17% | 2,644 | $1.0M | Reduce -98.5% |
| NFLX Netflix Inc. | 0.17% | 1,518 | $1.0M | Add +4.7% |
| ETN Eaton Corp. PLC | 0.17% | 3,260 | $1.0M | Add +7.7% |
| FISV Fiserv Inc. | 0.16% | 6,776 | $1.0M | Add +7.8% |
| JPM JPMorgan Chase & Co. | 0.16% | 4,941 | $999K | Add +221.7% |
| VRTX Vertex Pharmaceuticals Inc. | 0.16% | 2,115 | $991K | Reduce -49.2% |
| DXCM Dexcom Inc. | 0.16% | 8,687 | $985K | New |
| PCAR Paccar Inc. | 0.16% | 9,558 | $984K | Reduce -51.2% |
| ADI Analog Devices Inc. | 0.16% | 4,306 | $983K | New |
| NXPI NXP Semiconductors NV | 0.16% | 3,643 | $980K | Add +2.6% |
| AMD Advanced Micro Devices | 0.16% | 5,977 | $970K | Add +1.1% |
| MCHP Microchip Technology Inc. | 0.16% | 10,566 | $967K | New |
| ASML ASML Holding NV-NY Reg SHS | 0.16% | 940 | $961K | Add +16.1% |
| REGN Regeneron Pharmaceuticals | 0.16% | 910 | $956K | Add +6.8% |
| TRGP Targa Resources Corp. | 0.15% | 6,998 | $901K | New |
| ETR Entergy Corp. | 0.14% | 8,140 | $871K | New |
| WMT Walmart Inc. | 0.14% | 12,479 | $845K | Add +97.6% |
| OKE Oneok Inc. | 0.14% | 10,280 | $838K | New |
| UHS Universal Health Services-B | 0.13% | 4,408 | $815K | New |
| XYL Xylem Inc. | 0.13% | 5,895 | $800K | New |
| COR Cencora Inc. | 0.13% | 3,446 | $776K | Reduce -8.3% |
| ECL Ecolab Inc. | 0.12% | 3,086 | $734K | Reduce -10.5% |
| MRK Merck & Co. Inc. | 0.09% | 4,529 | $561K | Add +39.0% |
| OUSA Alps Oshares US Quality Divi | 0.08% | 10,105 | $501K | Add +7.7% |
| XLK SS Technology Select Sector | 0.07% | 2,026 | $458K | Reduce -14.1% |
| VOX Vanguard Communication Servi | 0.07% | 3,223 | $445K | Reduce -13.7% |
| VZ Verizon Communications Inc. | 0.07% | 10,512 | $434K | Add +14500.0% |
| XLY SS Consumer Disc Select Sect | 0.07% | 2,365 | $431K | Reduce -11.9% |
| XLP SS Consumer Staples Sel Sect | 0.07% | 5,621 | $430K | Reduce -11.6% |
| VNQ Vanguard Real Estate ETF | 0.07% | 5,112 | $428K | Reduce -8.9% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.07% | 6,283 | $428K | New |
| XLV SS Health Care Select Sector | 0.07% | 2,933 | $427K | Reduce -11.7% |
| XLF SS Financial Select Sector | 0.07% | 10,196 | $419K | Reduce -15.4% |
| XLI SS Industrial Select Sector | 0.07% | 3,402 | $415K | Reduce -17.1% |
| XLE SS Energy Select Sector | 0.07% | 4,486 | $409K | Reduce -20.3% |
Portfolio Sells Q1 2024 → Q2 2024
| IVE iShares S&P 500 Value ETF | Sold out | 0.00% | −11.68 |
| DIA SS SPDR Dow Jones Indus Avg | Reduce -98.5% | 0.17% | −11.42 |
| IVV iShares Core S&P 500 ETF | Reduce -18.2% | 5.79% | −1.01 |
| CDW CDW Corp. | Sold out | 0.00% | −0.36 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.35 |
| NVDA Nvidia Corp. | Reduce -99.8% | 0.00% | −0.33 |
| ROST Ross Stores Inc. | Sold out | 0.00% | −0.30 |
| PCAR Paccar Inc. | Reduce -51.2% | 0.16% | −0.23 |
| AIZ Assurant Inc. | Reduce -87.2% | 0.03% | −0.23 |
| TXT Textron Inc. | Sold out | 0.00% | −0.22 |
| PSX Phillips 66 | Sold out | 0.00% | −0.22 |
| WRB WR Berkley Corp. | Reduce -88.2% | 0.03% | −0.22 |
| NWSA News Corp. Class A | Sold out | 0.00% | −0.22 |
| CBOE Cboe Global Markets Inc. | Reduce -85.0% | 0.03% | −0.21 |
| PTC PTC Inc. | Sold out | 0.00% | −0.21 |
| MOH Molina Healthcare Inc. | Sold out | 0.00% | −0.21 |
| NOW ServiceNow Inc. | Reduce -99.5% | 0.00% | −0.21 |
| PKG Packaging Corp. of America | Sold out | 0.00% | −0.20 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.19 |
| IT Gartner Inc. | Sold out | 0.00% | −0.18 |
| ROP Roper Technologies Inc. | Sold out | 0.00% | −0.18 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.17 |
| ADBE Adobe Inc. | Reduce -99.5% | 0.00% | −0.16 |
| J Jacobs Solutions Inc. | Sold out | 0.00% | −0.16 |
| GL Globe Life Inc. | Sold out | 0.00% | −0.16 |
| RL Ralph Lauren Corp. | Sold out | 0.00% | −0.15 |
| CSX CSX Corp. | Sold out | 0.00% | −0.15 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -79.1% | 0.04% | −0.15 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.15 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.15 |
| ANET Arista Networks Inc. | Sold out | 0.00% | −0.15 |
| EA Electronic Arts Inc. | Sold out | 0.00% | −0.15 |
| TJX TJX Companies Inc. | Reduce -85.0% | 0.03% | −0.14 |
| V Visa Inc. Class A | Reduce -69.7% | 0.06% | −0.14 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.14 |
| PH Parker Hannifin Corp. | Sold out | 0.00% | −0.14 |
| PANW Palo Alto Networks Inc. | Sold out | 0.00% | −0.14 |
| JBL Jabil Inc. | Sold out | 0.00% | −0.14 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.13 |
| IDXX Idexx Laboratories Inc. | Sold out | 0.00% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -45.4% | 0.18% | −0.13 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.12 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -49.2% | 0.16% | −0.12 |
| INTU Intuit Inc. | Reduce -34.7% | 0.22% | −0.11 |
| VST Vistra Corp. | Sold out | 0.00% | −0.07 |
| NRG NRG Energy Inc. | Reduce -36.2% | 0.19% | −0.07 |
| DIS The Walt Disney Co. | Reduce -92.0% | 0.00% | −0.07 |
| VRT Vertiv Holdings Co. Class A | Sold out | 0.00% | −0.07 |
| ABT Abbott Laboratories | Reduce -91.2% | 0.01% | −0.06 |
| CTAS Cintas Corp. | Reduce -17.3% | 0.33% | −0.06 |
Portfolio Buys Q1 2024 → Q2 2024
| IJK iShares S&P Mid-Cap 400 Grow | New | 11.54% | +11.54 |
| MDY State Street SPDR S&P Midcap | New | 11.45% | +11.45 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.1% | 13.03% | +0.97 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Add +11.4% | 6.01% | +0.53 |
| GSG iShares S&P Gsci Commodity I | Add +2042.5% | 0.55% | +0.52 |
| MU Micron Technology Inc. | Add +123373.3% | 0.40% | +0.39 |
| FANG Diamondback Energy Inc. | New | 0.36% | +0.36 |
| CRWD CrowdStrike Holdings Inc. Class A | New | 0.25% | +0.25 |
| C Citigroup Inc. | Add +81269.2% | 0.22% | +0.22 |
| ELV Elevance Health Inc. | Add +1029.1% | 0.23% | +0.21 |
| WELL Welltower Inc. | New | 0.18% | +0.18 |
| WFC Wells Fargo & Co. | New | 0.18% | +0.18 |
| WM Waste Management Inc. | Add +209.0% | 0.27% | +0.18 |
| LHX L3HARRIS Technologies Inc. | New | 0.18% | +0.18 |
| BSX Boston Scientific Corp. | Add +348.0% | 0.22% | +0.18 |
| CL Colgate-Palmolive Co. | Add +179.0% | 0.26% | +0.18 |
| AIG American International Group | New | 0.17% | +0.17 |
| WRK Westrock Co. | New | 0.17% | +0.17 |
| TTD Trade Desk Inc./the Class A | New | 0.17% | +0.17 |
| HON Honeywell International Inc. | New | 0.17% | +0.17 |
| GS Goldman Sachs Group Inc. | New | 0.17% | +0.17 |
| WAB Wabtec Corp. | Add +779.7% | 0.19% | +0.17 |
| HWM Howmet Aerospace Inc. | New | 0.17% | +0.17 |
| AXP American Express Co. | Add +218.4% | 0.24% | +0.17 |
| QCOM Qualcomm Inc. | Add +52.3% | 0.36% | +0.16 |
| DXCM Dexcom Inc. | New | 0.16% | +0.16 |
| ADI Analog Devices Inc. | New | 0.16% | +0.16 |
| MCHP Microchip Technology Inc. | New | 0.16% | +0.16 |
| TRGP Targa Resources Corp. | New | 0.15% | +0.15 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +4.3% | 3.55% | +0.15 |
| ETR Entergy Corp. | New | 0.14% | +0.14 |
| OKE Oneok Inc. | New | 0.14% | +0.14 |
| GOOGL Alphabet Inc. Class A | Add +45.0% | 0.31% | +0.13 |
| SYF Synchrony Financial | Add +247.5% | 0.18% | +0.13 |
| UHS Universal Health Services-B | New | 0.13% | +0.13 |
| XYL Xylem Inc. | New | 0.13% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +23.8% | 0.39% | +0.13 |
| FITB Fifth Third Bancorp | Add +279.2% | 0.17% | +0.12 |
| BAC Bank of America Corp. | Add +144.0% | 0.20% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +221.7% | 0.16% | +0.11 |
| KLAC KLA Corp. | Add +9.8% | 0.35% | +0.08 |
| WMT Walmart Inc. | Add +97.6% | 0.14% | +0.08 |
| VZ Verizon Communications Inc. | Add +14500.0% | 0.07% | +0.07 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.07% | +0.07 |
| FCX Freeport-McMoran Inc. | Add +19571.8% | 0.06% | +0.06 |
| TXRH Texas Roadhouse Inc. | New | 0.06% | +0.06 |
| BAH Booz Allen Hamilton Holdings | New | 0.05% | +0.05 |
| GDDY GoDaddy Inc. Class A | New | 0.05% | +0.05 |
| SKX Skechers USA Inc. Class A | New | 0.05% | +0.05 |
| SPOT Spotify Technology SA | New | 0.05% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q1 2026 | 437 | $530.5M | IJS, IWM, IJK, IVV, BIL |
| Q4 2025 | 414 | $549.6M | IVV, EEM, QQQ, IVW, SPY |
| Q3 2025 | 257 | $567.6M | IVV, EEM, IVW, QQQ, SPY |
| Q2 2025 | 240 | $585.9M | EEM, EFA, SPY, QQQ, IVW |
| Q1 2025 | 274 | $605.7M | SPY, IVW, DIA, IVV, LQD |
| Q4 2024 | 286 | $636.4M | IVW, SPY, DIA, IVE, IYR |
| Q3 2024 | 256 | $643.1M | EFA, SPY, IVW, QQQ, IJK |
| Q2 2024 | 297 | $616.7M | IVW, QQQ, SPY, IJK, MDY |
| Q1 2024 | 300 | $616.8M | IVW, QQQ, SPY, IVE, DIA |