Q3 2026 13F · SEC CIK 1633716

USA Financial Formulas

Wealth managerFiled 2026-10-16 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $514.3M
Reported positions: 394
Top holdings a year, 3 yrs: +18.3%
Assets under management: $534.4M

USA Financial Formulas is a wealth manager that reported 394 positions worth $514.3M in its Q3 2026 13F, filed 2026-10-16. Its largest holdings were Spdr Series Trust (BIL, 58.4%), Ishares Tr (IVV, 9.1%), Ishares S&p Gsci Commodity- (GSG, 5.4%). A portfolio copying its top holdings returned 18.3% a year over the last 3 years, against 22.3% for the S&P 500.

USA Financial Formulas holdings largest 50 of 394 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

USA Financial Formulas 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
BILSpdr Series Trust	58.4%	4.4%	3,277,174	+1192.4%	$300.3M
IVVIshares Tr	9.1%	7.2%	61,144	+4.8%	$46.8M
GSGIshares S&p Gsci Commodity-	5.4%	3.5%	782,102	+35.4%	$27.8M
LQDIshares Tr	2.3%	2.6%	114,050	-11.1%	$11.7M
IEFIshares Tr	1.8%	2.3%	105,218	-18.5%	$9.4M
SIXJAIM ETF Products Trust - AllianzIM U.S.	1.0%	0.7%	138,135	+21.2%	$5.2M
SIXOAIM ETF Products Trust - AllianzIM U.S.	1.0%	0.7%	137,895	+24.7%	$5.1M
QQQInvesco Qqq Tr	0.7%	0.7%	4,715	-29.2%	$3.5M
IWMIshares Tr	0.6%	20.4%	11,842	-97.3%	$3.3M
EEMIshares Tr	0.5%	0.6%	41,910	-30.1%	$2.8M
IJTIshares Tr	0.5%	—	16,919	—	$2.7M
IJSIshares Tr	0.5%	20.7%	21,028	-97.7%	$2.7M
JULUAIM ETF Products Trust - AllianzIM U.S.	0.5%	0.4%	79,187	+20.0%	$2.6M
OCTUAim ETF Products Trust	0.5%	0.4%	83,114	+20.9%	$2.6M
ARLUAIM ETF Products Trust - AllianzIM U.S.	0.5%	0.4%	79,075	+21.8%	$2.6M
JANUAim ETF Products Trust	0.5%	0.4%	83,942	+20.6%	$2.6M
AMDAdvanced Micro Devices Inc	0.4%	0.2%	3,362	-27.3%	$2.1M
CRWDCrowdstrike Hldgs Inc	0.3%	—	6,487	—	$1.7M
TXNTexas Instrs Inc	0.3%	—	6,042	—	$1.7M
CSCOCisco Sys Inc	0.3%	0.3%	14,037	-27.0%	$1.5M
STXSeagate Technology Hldngs Pl	0.3%	0.3%	1,617	-52.3%	$1.5M
CSXCsx Corp	0.3%	0.1%	30,432	+77.9%	$1.4M
ABNBAirbnb Inc	0.2%	—	7,796	—	$1.3M
AMATApplied Matls Inc	0.2%	0.3%	2,442	-49.0%	$1.2M
ADIAnalog Devices Inc	0.2%	0.2%	3,024	-14.2%	$1.2M
MPCMarathon Petroleum	0.2%	—	2,978	—	$1.2M
FANGDiamondback Energy Inc	0.2%	—	6,205	—	$1.1M
HPEHewlett Packard Enterprise C	0.2%	—	17,691	—	$1.1M
VRTXVertex Pharmaceuticals Inc	0.2%	—	2,134	—	$1.1M
AAPLApple Inc	0.2%	0.2%	3,336	-2.9%	$1.1M
FCXFreeport Mcmoran Inc	0.2%	—	14,742	—	$1.0M
MRVLMarvell Technology Inc	0.2%	—	3,835	—	$1.0M
UNPUnion Pac Corp	0.2%	—	3,710	—	$1.0M
VLOValero Energy Corp	0.2%	—	2,603	—	$1.0M
DDOGDatadog Inc	0.2%	—	3,624	—	$992K
NTAPNetapp Inc	0.2%	—	4,687	—	$985K
TERTeradyne Inc	0.2%	—	2,375	—	$952K
BNYBank of Ny Mellon Corp	0.2%	0.2%	6,311	-26.3%	$913K
AIZAssurant Inc	0.2%	—	3,433	—	$905K
BMYBristol-Myers Squibb Co	0.2%	—	13,760	—	$859K
KEYSKeysight Technologies Inc	0.2%	0.2%	2,311	-28.5%	$841K
ROSTRoss Stores Inc	0.2%	0.3%	3,486	-43.7%	$814K
AMGNAmgen Inc	0.1%	—	1,829	—	$771K
FFIVF5 Inc	0.1%	—	1,705	—	$759K
WABWabtec	0.1%	—	2,643	—	$759K
MDLZMondelez International	0.1%	—	13,064	—	$755K
DXCMDexcom Inc	0.1%	—	8,659	—	$747K
REGNRegeneron Pharmaceuticals	0.1%	0.2%	980	-32.7%	$743K
MNSTMonster Beverage Corp New	0.1%	—	17,792	—	$741K
KDPKeurig Dr Pepper Inc	0.1%	—	24,212	—	$735K

What USA Financial Formulas bought and sold in Q3 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +8.0% /yr; S&P 500 +11.7%
3 years: +18.3% /yr; S&P 500 +22.3%
5 years: +7.1% /yr; S&P 500 +10.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$514.3M	394
Q1 2026	$530.5M	437
Q4 2025	$549.6M	414
Q3 2025	$567.6M	257
Q2 2025	$585.9M	240
Q1 2025	$605.7M	274
Q4 2024	$636.4M	286
Q3 2024	$643.1M	256
Q2 2024	$616.7M	297
Q1 2024	$616.8M	300
Q4 2023	$571.6M	333
Q3 2023	$66.9M	494

Questions about USA Financial Formulas's portfolio

What stocks does USA Financial Formulas own?

USA Financial Formulas's latest 13F, for Q3 2026 and filed Oct 16, 2026, lists 394 positions worth $514.3M. The largest are Spdr Series Trust (BIL) at 58.4%, Ishares Tr (IVV) at 9.1%, Ishares S&p Gsci Commodity- (GSG) at 5.4%, Ishares Tr (LQD) at 2.3% and Ishares Tr (IEF) at 1.8%.

What did USA Financial Formulas buy last quarter?

In Q3 2026, USA Financial Formulas added Spdr Series Trust (BIL) (+1192.4% shares), Csx Corp (CSX) (+77.9% shares) and Ishares S&p Gsci Commodity- (GSG) (+35.4% shares), compared with its Q1 2026 filing.

What did USA Financial Formulas sell last quarter?

In Q3 2026, USA Financial Formulas cut from its top 50 Ishares S&p Mid Cap 400 Growth (IJK), cut from its top 50 Ishares Tr (IVW), cut from its top 50 Western Digital Corp Com (WDC), cut from its top 50 Lam Research Corp (LRCX), cut from its top 50 Micron Technology Inc (MU), Ishares Tr (IJS) (-97.7% shares), Ishares Tr (IWM) (-97.3% shares) and Seagate Technology Hldngs Pl (STX) (-52.3% shares), compared with its Q1 2026 filing.

How has USA Financial Formulas's portfolio performed?

A portfolio copying USA Financial Formulas's 20 largest 13F holdings each quarter, from the day each filing was public, returned +18.3% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +8.0% against +11.7%. Over 5 years: +7.1% a year against +10.6%.

When is USA Financial Formulas's next 13F filing due?

13F filings are due 45 days after each quarter ends. USA Financial Formulas's filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does USA Financial Formulas manage?

USA Financial Formulas reported $534.4M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $514.3M.