USA Financial Formulas

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 15, 2025), USA Financial Formulas reported 274 stock positions worth $605.7 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 20.5% of the portfolio, followed by iShares S&P 500 Growth ETF (IVW, 20.2%) and SS SPDR Dow Jones Indus Avg (DIA, 20.1%). Compared with Q4 2024, it opened 92 new positions, sold out of 105, added to 78 and reduced 104. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +61%) and the biggest sale iShares S&P 500 Value ETF (IVE, shares −100%).

Most Recent 13F
Q1 2026
Location
ADA, MI
CIK
0001633716
Portfolio Value
$605.7M (Q1 2025)
SEC Filing
0001633716-25-000003 ↗ filed Apr 15, 2025

Holdings Value

0$200.0M$400.0M$600.0M$800.0M Q1 2024: $616.8M Q1 2024 Q2 2024: $616.7M Q2 2024 Q3 2024: $643.1M Q3 2024 Q4 2024: $636.4M Q4 2024 Q1 2025: $605.7M $605.7M Q1 2025 Q2 2025: $585.9M Q2 2025 Q3 2025: $567.6M Q3 2025 Q4 2025: $549.6M Q4 2025 Q1 2026: $530.5M Q1 2026

Holdings 274 stocks · $605.7M

SPY SS SPDR S&P 500 ETF Trust-US 20.50% 221,937 $124.1M Add +60.8%
IVW iShares S&P 500 Growth ETF 20.17% 1,315,807 $122.1M Add +59.1%
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 20.15% 290,626 $122.0M Add +53.4%
IVV iShares Core S&P 500 ETF 5.63% 60,692 $34.1M Reduce -2.6%
LQD Ishr Ibx Usd Invgd CB ETF-Ui 5.53% 308,139 $33.5M Reduce -22.5%
BIL SS SPDR BB 1-3M T-Bill ETF 3.76% 248,255 $22.8M Reduce -1.7%
IEF iShares 7-10 Year Treasury B 3.08% 195,352 $18.6M New
QQQ Invesco QQQ Trust Series 1 0.84% 10,909 $5.1M Add +454.9%
IJJ iShares S&P Mid-Cap 400 Valu 0.73% 36,877 $4.4M New
IJS iShares S&P Small-Cap 600 Va 0.72% 44,550 $4.3M New
TMUS T-Mobile US Inc. 0.47% 10,725 $2.9M Reduce -15.5%
GILD Gilead Sciences Inc. 0.45% 24,318 $2.7M Add +45.9%
CSCO Cisco Systems Inc. 0.44% 43,520 $2.7M Add +84.6%
FTNT Fortinet Inc. 0.40% 25,223 $2.4M Add +69.0%
NFLX Netflix Inc. 0.38% 2,462 $2.3M Add +74.5%
ISRG Intuitive Surgical Inc. 0.37% 4,476 $2.2M Add +90.6%
META Meta Platforms Inc. Class A 0.36% 3,758 $2.2M Add +76.8%
MA Mastercard Inc. Class A 0.31% 3,458 $1.9M Add +800.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.30% 21,664 $1.8M Reduce -7.5%
BSX Boston Scientific Corp. 0.30% 17,937 $1.8M Add +23.4%
FOXA Fox Corp. Class A 0.27% 29,161 $1.7M Add +5.4%
AAPL Apple Inc. 0.27% 7,228 $1.6M Add +11.7%
V Visa Inc. Class A 0.25% 4,316 $1.5M New
EXC Exelon Corp. 0.25% 32,821 $1.5M New
ABT Abbott Laboratories 0.25% 11,251 $1.5M Add +191.8%
BKR Baker Hughes Co. 0.24% 33,565 $1.5M Add +7.3%
ETR Entergy Corp. 0.24% 17,080 $1.5M Add +4.3%
XEL Xcel Energy Inc. 0.24% 20,621 $1.5M Reduce -41.2%
AXON Axon Enterprise Inc. 0.24% 2,756 $1.4M Add +58.6%
HON Honeywell International Inc. 0.23% 6,712 $1.4M Add +18.5%
VRSK Verisk Analytics Inc. 0.23% 4,721 $1.4M Add +6.9%
ADSK Autodesk Inc. 0.23% 5,302 $1.4M Add +21.1%
NDAQ Nasdaq Inc. 0.22% 17,842 $1.4M Add +61.1%
AMZN Amazon.com Inc. 0.22% 7,010 $1.3M Add +12.9%
DDOG Datadog Inc. Class A 0.21% 12,747 $1.3M Add +49.9%
C Citigroup Inc. 0.20% 17,471 $1.2M New
DRI Darden Restaurants Inc. 0.20% 5,874 $1.2M New
T AT&T Inc. 0.20% 42,038 $1.2M New
KMI Kinder Morgan Inc. 0.20% 41,562 $1.2M Reduce -13.9%
GL Globe Life Inc. 0.19% 8,934 $1.2M New
WMB Williams Cos Inc. 0.19% 19,405 $1.2M Reduce -15.7%
NI Nisource Inc. 0.19% 28,779 $1.2M Reduce -12.5%
WTW Willis Towers Watson PLC 0.19% 3,373 $1.1M New
PODD Insulet Corp. 0.19% 4,283 $1.1M Reduce -9.3%
MMM 3M Co. 0.18% 7,605 $1.1M Add +20.3%
GLW Corning Inc. 0.18% 24,322 $1.1M New
CBRE CBRE Group Inc. Class A 0.18% 8,415 $1.1M New
WMT Walmart Inc. 0.18% 12,221 $1.1M Reduce -11.7%
FISV Fiserv Inc. 0.18% 4,836 $1.1M Add +23.7%
LYV Live Nation Entertainment Inc. 0.18% 8,140 $1.1M New
STT State Street Corp. 0.17% 11,761 $1.1M New
WELL Welltower Inc. 0.17% 6,850 $1.0M Reduce -24.1%
EXPE Expedia Group Inc. 0.17% 6,096 $1.0M New
TDY Teledyne Technologies Inc. 0.17% 2,020 $1.0M New
TPR Tapestry Inc. 0.16% 13,943 $982K New
RL Ralph Lauren Corp. 0.16% 4,408 $973K New
COF Capital One Financial Corp. 0.16% 5,376 $964K Add +295.9%
CMI Cummins Inc. 0.15% 2,857 $895K New
KR Kroger Co. 0.14% 12,860 $870K New
OEF iShares S&P 100 ETF 0.14% 3,161 $856K Reduce -8.6%
IWB iShares Russell 1000 ETF 0.14% 2,786 $855K Reduce -8.3%
VTI VG Morningstar TS MKT ETF-US 0.14% 3,089 $849K Reduce -8.2%
IWV iShares Russell 3000 ETF 0.14% 2,668 $847K Reduce -8.2%
HWM Howmet Aerospace Inc. 0.14% 6,430 $834K Reduce -14.8%
TRGP Targa Resources Corp. 0.14% 4,152 $832K Reduce -35.2%
LNG Cheniere Energy Inc. 0.14% 3,585 $830K New
IWM iShares Russell 2000 ETF 0.14% 4,125 $823K Reduce -3.8%
ATO Atmos Energy Corp. 0.13% 5,233 $809K Reduce -36.6%
REG Regency Centers Corp. 0.13% 10,843 $800K New
AEE Ameren Corporation 0.13% 7,810 $784K Reduce -15.4%
MS Morgan Stanley 0.12% 6,289 $734K Reduce -33.8%
INCY Incyte Corp. 0.12% 11,937 $723K New
SPG Simon Property Group Inc. 0.12% 4,317 $717K New
LH Labcorp Holdings Inc. 0.12% 3,079 $717K New
DFS Discover Financial Services 0.12% 4,191 $715K New
RTX RTX Corp. 0.12% 5,337 $707K Add +1.2%
RCL Royal Caribbean Cruises Ltd. 0.11% 3,304 $679K Reduce -33.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.11% 15,842 $661K Reduce -39.9%
MDT Medtronic PLC 0.11% 7,330 $659K Add +161.1%
ACN Accenture PLC Class A 0.10% 1,975 $616K New
NOW ServiceNow Inc. 0.10% 751 $598K New
RSG Republic Services Inc. 0.09% 2,353 $570K Add +55.7%
HPE Hewlett Packard Enterprise 0.09% 36,539 $564K Add +26.5%
MRSH Marsh & McLennan Cos 0.07% 1,809 $441K Add +82.2%
AIZ Assurant Inc. 0.07% 2,056 $431K Add +138.5%
CIEN Ciena Corp. 0.07% 7,126 $431K New
CTAS Cintas Corp. 0.07% 2,034 $418K Reduce -84.5%
CB Chubb Ltd. 0.07% 1,376 $416K Reduce -23.0%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.07% 3,279 $399K Add +85.3%
XLE SS Energy Select Sector 0.06% 4,179 $391K Reduce -6.2%
XLP SS Consumer Staples Sel Sect 0.06% 4,589 $375K Reduce -8.3%
XLU St Sr Utl SL SE SPDR ETF-Usd 0.06% 4,662 $368K Reduce -8.6%
EXEL Exelixis Inc. 0.06% 9,930 $367K Add +925.8%
VNQ Vanguard Real Estate ETF 0.06% 4,029 $365K Reduce -6.4%
EVRG Evergy Inc. 0.06% 5,284 $364K Add +344.0%
XLV SS Health Care Select Sector 0.06% 2,484 $363K New
XLF SS Financial Select Sector 0.06% 7,157 $356K Reduce -17.1%
XLI SS Industrial Select Sector 0.06% 2,686 $352K Reduce -10.2%
CUZ Cousins Properties Inc. 0.06% 11,525 $340K Add +19.4%
JAZZ Jazz Pharmaceuticals PLC 0.06% 2,710 $336K New
XLK SS Technology Select Sector 0.06% 1,623 $335K Reduce -10.5%
USFD US Foods Holding Corp. 0.05% 5,050 $331K New
VOX Vanguard Communication Servi 0.05% 2,210 $328K Reduce -19.7%
XLY SS Consumer Disc Select Sect 0.05% 1,632 $322K Reduce -16.7%
SLM SLM Corp. 0.05% 10,746 $316K New
WH Wyndham Hotels & Resorts Inc. 0.05% 3,469 $314K New
BYD Boyd Gaming Corp. 0.05% 4,699 $309K New
WM Waste Management Inc. 0.05% 1,294 $300K Add +10.2%
SSNC Ss&c Technologies Holdings 0.05% 3,522 $294K New
SPOT Spotify Technology SA 0.05% 528 $290K Reduce -31.0%
G Genpact Ltd. 0.05% 5,468 $275K New
LOW Lowe's Cos Inc. 0.04% 1,168 $272K Reduce -11.8%
EQH Equitable Holdings Inc. 0.04% 5,141 $268K New
KO The Coca-Cola Co. 0.04% 3,659 $262K New
R Ryder System Inc. 0.04% 1,747 $251K Reduce -23.3%
VRSN Verisign Inc. 0.04% 979 $249K Add +2.2%
BRK.B Berkshire Hathaway Inc. Class B 0.04% 454 $242K Reduce -8.8%
PNW Pinnacle West Capital 0.04% 2,508 $239K New
DAY Dayforce Inc. 0.04% 4,086 $238K Add +32.5%
JNJ Johnson & Johnson 0.04% 1,434 $238K Add +24.7%
JCI Johnson Controls Internation 0.04% 2,931 $235K New
CAH Cardinal Health Inc. 0.04% 1,679 $231K Reduce -20.8%
MTB M & T Bank Corp. filed as M & T BK CORP 0.04% 1,288 $230K Reduce -77.9%
CME Cme Group Inc. 0.04% 866 $230K New
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.04% 913 $227K New
TFC Truist Financial Corp. 0.04% 5,500 $226K Add +1.1%
JPM JPMorgan Chase & Co. 0.04% 918 $225K New
LIN Linde PLC 0.04% 483 $225K Reduce -41.4%
ADP Automatic Data Processing 0.04% 734 $224K Reduce -4.0%
FITB Fifth Third Bancorp 0.04% 5,715 $224K Reduce -81.7%
MKC McCormick & Co.-Non VTG SHRS 0.04% 2,718 $224K Add +42.6%
DOX Amdocs Ltd. 0.04% 2,426 $222K Add +16.9%
HBAN Huntington Bancshares Inc. 0.04% 14,783 $222K Add +3.0%
JLL Jones Lang Lasalle Inc. 0.04% 894 $222K New
PNC PNC Financial Services Group 0.04% 1,260 $221K Reduce -68.7%
BLK BlackRock Inc. 0.04% 233 $221K New
EWH iShares MSCI Hong Kong ETF 0.04% 12,582 $220K Add +39.8%
BR Broadridge Financial Solutio 0.04% 908 $220K New
ECL Ecolab Inc. 0.04% 868 $220K Reduce -76.1%
AFL Aflac Inc. 0.04% 1,977 $220K Reduce -32.6%
VEU Vanguard Ftse All-World Ex-U 0.04% 3,585 $217K Add +29.8%
EFA iShares MSCI Eafe ETF 0.04% 2,648 $216K Add +26.3%
FAST Fastenal Co. 0.04% 2,768 $215K New
CRM Salesforce Inc. 0.04% 799 $214K Add +5.7%
PG The Procter & Gamble Co. 0.04% 1,253 $214K Reduce -72.9%
VWO Vanguard Ftse Emerging Marke 0.04% 4,714 $213K Add +31.9%
VSS Vanguard Ftse All Wo X-US SC 0.04% 1,838 $212K Add +32.2%
SHW The Sherwin-Williams Co. 0.03% 601 $210K Reduce -18.6%
CINF Cincinnati Financial Corp. 0.03% 1,418 $209K Add +4.4%
EPP iShares MSCI Pacific Ex Japa 0.03% 4,731 $209K Add +32.7%
GS Goldman Sachs Group Inc. 0.03% 381 $208K Reduce -80.2%
ED Consolidated Edison Inc. 0.03% 1,806 $200K New
NUE Nucor Corp. 0.03% 1,645 $198K Add +20.1%
NEE Nextera Energy Inc. 0.03% 2,778 $197K Reduce -19.7%
MSI Motorola Solutions Inc. 0.03% 445 $195K Reduce -83.3%
FDS Factset Research Systems Inc. 0.03% 428 $195K New
AMP Ameriprise Financial Inc. 0.03% 399 $193K Add +18.8%
BDX Becton Dickinson and Co. 0.03% 843 $193K Reduce -0.5%
ACGL Arch Capital Group Ltd. 0.03% 2,003 $193K Add +53.3%
PGR Progressive Corp. 0.03% 670 $190K Reduce -83.1%
EMR Emerson Electric Co. 0.03% 1,657 $182K Reduce -1.5%
SYY Sysco Corp. 0.03% 2,401 $180K Add +30.3%
PNR Pentair PLC 0.03% 2,053 $180K Reduce -35.0%
CAT Caterpillar Inc. 0.03% 530 $175K Reduce -31.3%
AVY Avery Dennison Corp. 0.03% 945 $168K Add +50.2%
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.03% 1,823 $167K Reduce -12.9%
GWW WW Grainger Inc. filed as GRAINGER W W INC 0.03% 168 $166K Reduce -57.9%
TGT Target Corp. 0.02% 1,444 $151K Reduce -13.6%
EXLS Exlservice Holdings Inc. 0.02% 2,456 $116K Add +86.5%
IDCC Interdigital Inc. 0.02% 560 $116K Reduce -17.2%
HURN Huron Consulting Group Inc. 0.02% 795 $114K New
CCB Coastal Financial Corp. 0.02% 1,254 $113K Reduce -13.0%
SNEX Stonex Group Inc. 0.02% 1,431 $109K Reduce -27.6%
CHEF The Chefs' Warehouse Inc. 0.02% 1,942 $106K New
OTTR Otter Tail Corp. 0.02% 1,202 $97K Add +53.5%
WCN Waste Connections Inc. 0.02% 489 $95K Add +28.0%
TXNM TXNM Energy Inc. 0.02% 1,763 $94K New
INOD Innodata Inc. 0.01% 2,533 $91K Add +180.5%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.01% 888 $89K Add +214.9%
POR Portland General Electric Co. 0.01% 1,994 $89K Add +23.1%
GGG Graco Inc. 0.01% 1,057 $88K Add +43.6%
DCI Donaldson Co. Inc. 0.01% 1,269 $85K Add +21.7%
FELE Franklin Electric Co. Inc. 0.01% 900 $84K Add +50.0%
UTI Universal Technical Institut 0.01% 3,264 $84K New
WAB Wabtec Corp. 0.01% 457 $83K Reduce -90.4%
LRN Stride Inc. 0.01% 647 $82K Reduce -31.5%
HD Home Depot Inc. 0.01% 218 $80K Add +25.3%
APH Amphenol Corp. Class A 0.01% 1,218 $80K Reduce -8.8%
AME Ametek Inc. 0.01% 464 $80K Add +27.8%
PPG PPG Industries Inc. 0.01% 729 $80K Add +25.3%
TPB Turning Point Brands Inc. 0.01% 1,309 $78K Add +7.5%
ACM Aecom 0.01% 821 $76K Add +10.9%
LEN Lennar Corp. Class A 0.01% 644 $74K Add +49.4%
TGTX TG Therapeutics Inc. 0.01% 1,436 $57K New
COOP Mr Cooper Group Inc. 0.01% 462 $55K New
PLMR Palomar Holdings Inc. 0.01% 398 $55K New
VIAV Viavi Solutions Inc. 0.01% 4,709 $53K New
BANR Banner Corporation 0.01% 805 $51K Add +69.1%
ESQ Esquire Financial Holdings I 0.01% 670 $51K New
AUPH Aurinia Pharmaceuticals Inc. 0.01% 6,231 $50K New
ONB Old National Bancorp 0.01% 2,359 $50K New
EFSC Enterprise Financial Service 0.01% 925 $50K New
CVLT Commvault Systems Inc. 0.01% 312 $49K Reduce -59.8%
CAKE The Cheesecake Factory Inc. 0.01% 1,005 $49K New
ALKS Alkermes PLC 0.01% 1,469 $49K New
CSGS CSG Systems Intl Inc. 0.01% 792 $48K New
DORM Dorman Products Inc. 0.01% 387 $47K Add +127.7%
TTMI TTM Technologies 0.01% 2,237 $46K Add +119.1%
GDYN Grid Dynamics Holdings Inc. 0.01% 2,676 $42K New
TW Tradeweb Markets Inc. Class A 0.01% 224 $33K New
QFIN Qfin Holdings Inc.-ADR filed as QIFU TECHNOLOGY INC 0.01% 740 $33K Reduce -25.8%
LNT Alliant Energy Corp. 0.01% 503 $32K Reduce -97.4%
VIRT Virtu Financial Inc. Class A 0.01% 848 $32K Reduce -92.3%
PCTY Paylocity Holding Corp. 0.00% 155 $29K New
IVE iShares S&P 500 Value ETF 0.00% 152 $29K Reduce -100.0%
IYR iShares US Real Estate ETF 0.00% 296 $28K Reduce -100.0%
IBKR Interactive Brokers Gro Class A 0.00% 154 $26K Reduce -93.0%
GLNG Golar LNG Ltd. 0.00% 609 $23K Reduce -58.1%
GEO The Geo Group Inc. 0.00% 779 $23K New
AROC Archrock Inc. 0.00% 855 $22K New
HCI Hci Group Inc. 0.00% 148 $22K New
TGLS Tecnoglass Holdings Inc. 0.00% 307 $22K Reduce -5.3%
IMAX Imax Corp. 0.00% 832 $22K Reduce -10.1%
NVR NVR Inc. 0.00% 3 $22K Reduce -25.0%
EBAY eBay Inc. 0.00% 313 $21K New
HFWA Heritage Financial Corp. 0.00% 856 $21K New
MWA Mueller Water Products Inc. Class A 0.00% 818 $21K Reduce -23.3%
MD Pediatrix Medical Group Inc. 0.00% 1,414 $20K New
IVT Inventrust Properties Corp. 0.00% 695 $20K New
ENVA Enova International Inc. 0.00% 210 $20K Reduce -19.5%
GSHD Goosehead Insurance Inc. Class A 0.00% 168 $20K New
PBH Prestige Consumer Healthcare 0.00% 230 $20K New
UNP Union Pacific Corp. 0.00% 83 $20K Add +25.8%
PFG Principal Financial Group 0.00% 231 $19K New
KEYS Keysight Technologies Inc. 0.00% 130 $19K Reduce -96.3%
AMAT Applied Materials Inc. 0.00% 133 $19K New
OBK Origin Bancorp Inc. 0.00% 552 $19K New
GOOG Alphabet Inc. Class C 0.00% 122 $19K Add +34.1%
DX Dynex Capital Inc. 0.00% 1,463 $19K New
AKR Acadia Realty Trust 0.00% 899 $19K Reduce -76.9%
CRS Carpenter Technology 0.00% 103 $19K Reduce -29.4%
NIC Nicolet Bankshares Inc. 0.00% 171 $19K New
OUT Outfront Media Inc. 0.00% 1,148 $19K New
JBTM JBT Marel Corp. 0.00% 150 $18K New
HQY Healthequity Inc. 0.00% 199 $18K New
GPI Group 1 Automotive Inc. 0.00% 42 $16K Reduce -23.6%
SIXO Allian US Equ 6 Mon BU10-Usd 0.00% 77 $2K New
SIXJ Allian US Equ 6 Mon BU10-Usd 0.00% 81 $2K New
HYG Ishr Ibx Usd Hiyld CB ETF-Ui 0.00% 30 $2K Reduce -100.0%
EA Electronic Arts Inc. 0.00% 16 $2K Reduce -99.8%
TXN Texas Instruments Inc. 0.00% 11 $2K Reduce -99.8%
COST Costco Wholesale Corp. 0.00% 2 $2K Reduce -99.8%
PYPL PayPal Holdings Inc. 0.00% 29 $2K Reduce -99.8%
MRP Millrose Properties 0.00% 61 $2K Reduce -71.7%
OKE Oneok Inc. 0.00% 12 $1K Reduce -99.9%
OCTU Allianzim US BF15 Uncap Oct 0.00% 49 $1K New
JULU Allianzim US BF15 Uncap Jul 0.00% 47 $1K New
JANU Allianzim US BF15 Uncap Jan 0.00% 49 $1K New
TYL Tyler Technologies Inc. 0.00% 2 $1K Reduce -99.9%
ARLU Allianzim US BF15 Uncap Apr 0.00% 45 $1K New
VTR Ventas Inc. 0.00% 16 $1K Reduce -99.9%
GDDY GoDaddy Inc. Class A 0.00% 6 $1K Reduce -99.9%
AVB Avalonbay Communities Inc. 0.00% 5 $1K Reduce -99.9%
PEG Public Service Enterprise GP 0.00% 13 $1K Reduce -99.9%
VST Vistra Corp. 0.00% 9 $1K Reduce -99.8%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.00% 19 $1K Reduce -99.8%
SYF Synchrony Financial 0.00% 19 $1K Reduce -99.9%
SRE Sempra 0.00% 13 $928 Reduce -99.9%
KKR KKR & Co. Inc. 0.00% 8 $925 Reduce -99.9%
UAL United Airlines Holdings Inc. 0.00% 13 $898 Reduce -99.9%
DOV Dover Corp. 0.00% 5 $878 Reduce -99.9%
ZBRA Zebra Technologies Corp. Class A 0.00% 3 $848 Reduce -99.9%
LHX L3HARRIS Technologies Inc. 0.00% 4 $837 Reduce -99.9%
WBD Warner Bros Discovery Inc. 0.00% 2 $21 New

Portfolio Sells Q4 2024 → Q1 2025

IVE iShares S&P 500 Value ETF Reduce -100.0% 0.00% −12.12
IYR iShares US Real Estate ETF Reduce -100.0% 0.00% −11.72
HYG Ishr Ibx Usd Hiyld CB ETF-Ui Reduce -100.0% 0.00% −1.54
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -22.5% 5.53% −1.15
CTAS Cintas Corp. Reduce -84.5% 0.07% −0.31
PYPL PayPal Holdings Inc. Reduce -99.8% 0.00% −0.25
ILMN Illumina Inc. Sold out 0.00% −0.23
TT Trane Technologies PLC Sold out 0.00% −0.20
TXN Texas Instruments Inc. Reduce -99.8% 0.00% −0.19
SRE Sempra Reduce -99.9% 0.00% −0.19
SYF Synchrony Financial Reduce -99.9% 0.00% −0.19
VTR Ventas Inc. Reduce -99.9% 0.00% −0.19
TTD Trade Desk Inc./the Class A Reduce -99.8% 0.00% −0.18
COST Costco Wholesale Corp. Reduce -99.8% 0.00% −0.18
OKE Oneok Inc. Reduce -99.9% 0.00% −0.18
EA Electronic Arts Inc. Reduce -99.8% 0.00% −0.18
ZBRA Zebra Technologies Corp. Class A Reduce -99.9% 0.00% −0.18
PEG Public Service Enterprise GP Reduce -99.9% 0.00% −0.18
LNT Alliant Energy Corp. Reduce -97.4% 0.01% −0.17
KKR KKR & Co. Inc. Reduce -99.9% 0.00% −0.17
AVB Avalonbay Communities Inc. Reduce -99.9% 0.00% −0.17
FITB Fifth Third Bancorp Reduce -81.7% 0.04% −0.17
TYL Tyler Technologies Inc. Reduce -99.9% 0.00% −0.17
LHX L3HARRIS Technologies Inc. Reduce -99.9% 0.00% −0.17
MSI Motorola Solutions Inc. Reduce -83.3% 0.03% −0.16
UAL United Airlines Holdings Inc. Reduce -99.9% 0.00% −0.14
APD Air Products & Chemicals Inc. Sold out 0.00% −0.14
GS Goldman Sachs Group Inc. Reduce -80.2% 0.03% −0.14
GDDY GoDaddy Inc. Class A Reduce -99.9% 0.00% −0.14
MTB M & T Bank Corp. Reduce -77.9% 0.04% −0.13
IVV iShares Core S&P 500 ETF Reduce -2.6% 5.63% −0.13
XEL Xcel Energy Inc. Reduce -41.2% 0.24% −0.13
WAB Wabtec Corp. Reduce -90.4% 0.01% −0.13
WFC Wells Fargo & Co. Sold out 0.00% −0.13
DUK Duke Energy Corp. Sold out 0.00% −0.13
DOV Dover Corp. Reduce -99.9% 0.00% −0.12
VST Vistra Corp. Reduce -99.8% 0.00% −0.12
PGR Progressive Corp. Reduce -83.1% 0.03% −0.12
ECL Ecolab Inc. Reduce -76.1% 0.04% −0.10
GM General Motors Co. Sold out 0.00% −0.09
BBY Best Buy Co. Inc. Sold out 0.00% −0.09
DIS The Walt Disney Co. Sold out 0.00% −0.09
VZ Verizon Communications Inc. Sold out 0.00% −0.09
KEYS Keysight Technologies Inc. Reduce -96.3% 0.00% −0.09
PG The Procter & Gamble Co. Reduce -72.9% 0.04% −0.09
OUSA Alps Oshares US Quality Divi Sold out 0.00% −0.09
PNC PNC Financial Services Group Reduce -68.7% 0.04% −0.09
HAS Hasbro Inc. Sold out 0.00% −0.08
BAC Bank of America Corp. Reduce -39.9% 0.11% −0.07
RCL Royal Caribbean Cruises Ltd. Reduce -33.5% 0.11% −0.07

Portfolio Buys Q4 2024 → Q1 2025

SPY SS SPDR S&P 500 ETF Trust-US Add +60.8% 20.50% +7.79
DIA SS SPDR Dow Jones Indus Avg Add +53.4% 20.15% +7.48
IVW iShares S&P 500 Growth ETF Add +59.1% 20.17% +6.97
IEF iShares 7-10 Year Treasury B New 3.08% +3.08
IJJ iShares S&P Mid-Cap 400 Valu New 0.73% +0.73
IJS iShares S&P Small-Cap 600 Va New 0.72% +0.72
QQQ Invesco QQQ Trust Series 1 Add +454.9% 0.84% +0.69
MA Mastercard Inc. Class A Add +800.5% 0.31% +0.28
EXC Exelon Corp. New 0.25% +0.25
V Visa Inc. Class A New 0.25% +0.25
CSCO Cisco Systems Inc. Add +84.6% 0.44% +0.22
GILD Gilead Sciences Inc. Add +45.9% 0.45% +0.21
C Citigroup Inc. New 0.20% +0.20
DRI Darden Restaurants Inc. New 0.20% +0.20
T AT&T Inc. New 0.20% +0.20
GL Globe Life Inc. New 0.19% +0.19
WTW Willis Towers Watson PLC New 0.19% +0.19
GLW Corning Inc. New 0.18% +0.18
CBRE CBRE Group Inc. Class A New 0.18% +0.18
NFLX Netflix Inc. Add +74.5% 0.38% +0.18
FTNT Fortinet Inc. Add +69.0% 0.40% +0.18
ABT Abbott Laboratories Add +191.8% 0.25% +0.18
LYV Live Nation Entertainment Inc. New 0.18% +0.18
STT State Street Corp. New 0.17% +0.17
ISRG Intuitive Surgical Inc. Add +90.6% 0.37% +0.17
EXPE Expedia Group Inc. New 0.17% +0.17
TDY Teledyne Technologies Inc. New 0.17% +0.17
META Meta Platforms Inc. Class A Add +76.8% 0.36% +0.16
TPR Tapestry Inc. New 0.16% +0.16
RL Ralph Lauren Corp. New 0.16% +0.16
CMI Cummins Inc. New 0.15% +0.15
KR Kroger Co. New 0.14% +0.14
LNG Cheniere Energy Inc. New 0.14% +0.14
REG Regency Centers Corp. New 0.13% +0.13
COF Capital One Financial Corp. Add +295.9% 0.16% +0.12
INCY Incyte Corp. New 0.12% +0.12
SPG Simon Property Group Inc. New 0.12% +0.12
LH Labcorp Holdings Inc. New 0.12% +0.12
DFS Discover Financial Services New 0.12% +0.12
ACN Accenture PLC Class A New 0.10% +0.10
NOW ServiceNow Inc. New 0.10% +0.10
BSX Boston Scientific Corp. Add +23.4% 0.30% +0.09
NDAQ Nasdaq Inc. Add +61.1% 0.22% +0.09
AXON Axon Enterprise Inc. Add +58.6% 0.24% +0.08
MDT Medtronic PLC Add +161.1% 0.11% +0.07
CIEN Ciena Corp. New 0.07% +0.07
FOXA Fox Corp. Class A Add +5.4% 0.27% +0.06
XLV SS Health Care Select Sector New 0.06% +0.06
MMM 3M Co. Add +20.3% 0.18% +0.06
EXEL Exelixis Inc. Add +925.8% 0.06% +0.06

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 437$530.5MIJS, IWM, IJK, IVV, BIL
Q4 2025 414$549.6MIVV, EEM, QQQ, IVW, SPY
Q3 2025 257$567.6MIVV, EEM, IVW, QQQ, SPY
Q2 2025 240$585.9MEEM, EFA, SPY, QQQ, IVW
Q1 2025 274$605.7MSPY, IVW, DIA, IVV, LQD
Q4 2024 286$636.4MIVW, SPY, DIA, IVE, IYR
Q3 2024 256$643.1MEFA, SPY, IVW, QQQ, IJK
Q2 2024 297$616.7MIVW, QQQ, SPY, IJK, MDY
Q1 2024 300$616.8MIVW, QQQ, SPY, IVE, DIA