# USA FINANCIAL FORMULAS

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1534358. Source: https://holderbook.com/funds/1534358-usa-financial-formulas/

- Reported value: $546.2M
- Positions: 412
- Weight of the ten largest: 76.7%
- Filed: 2026-08-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IYM](https://holderbook.com/stocks/IYM/) | $63.6M | 354,526 | 11.7% | 1 |
| ISHARES TR | [IWM](https://holderbook.com/stocks/IWM/) | $62.0M | 206,442 | 11.4% | 1 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $60.9M | 889,999 | 11.1% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $57.6M | 78,200 | 10.5% | 1 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $57.5M | 418,090 | 10.5% | 1 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $56.6M | 75,606 | 10.4% | 1 |
| ISHARES S&P GSCI COMMODITY- | [GSG](https://holderbook.com/stocks/GSG/) | $27.3M | 955,933 | 5.0% | 1 |
| ISHARES TR | [LQD](https://holderbook.com/stocks/LQD/) | $21.2M | 194,203 | 3.9% | 1 |
| ISHARES TR | [IYW](https://holderbook.com/stocks/IYW/) | $6.1M | 24,341 | 1.1% | 1 |
| ISHARES TR | [HYG](https://holderbook.com/stocks/HYG/) | $6.0M | 75,115 | 1.1% | 1 |
| ISHARES TR | [IYZ](https://holderbook.com/stocks/IYZ/) | $5.8M | 135,906 | 1.1% | 1 |
| ISHARES TR | [IYE](https://holderbook.com/stocks/IYE/) | $5.6M | 98,658 | 1.0% | 1 |
| AIM ETF PRODUCTS TRUST | [SIXJ](https://holderbook.com/stocks/SIXJ/) | $4.7M | 127,960 | 0.9% | 1 |
| AIM ETF PRODUCTS TRUST | [SIXO](https://holderbook.com/stocks/SIXO/) | $4.5M | 125,255 | 0.8% | 1 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $3.6M | 26,155 | 0.7% | 1 |
| ISHARES TR | [IJK](https://holderbook.com/stocks/IJK/) | $3.5M | 29,982 | 0.6% | 1 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $2.7M | 3,689 | 0.5% | 1 |
| AIM ETF PRODUCTS TRUST | [JULU](https://holderbook.com/stocks/JULU/) | $2.4M | 74,638 | 0.4% | 1 |
| AIM ETF PRODUCTS TRUST | [JANU](https://holderbook.com/stocks/JANU/) | $2.4M | 78,383 | 0.4% | 1 |
| AIM ETF PRODUCTS TRUST | [OCTU](https://holderbook.com/stocks/OCTU/) | $2.4M | 77,505 | 0.4% | 1 |
| AIM ETF PRODUCTS TRUST | [ARLU](https://holderbook.com/stocks/ARLU/) | $2.4M | 73,827 | 0.4% | 1 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $2.3M | 5,416 | 0.4% | 1 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $1.9M | 3,052 | 0.4% | 1 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.9M | 3,263 | 0.3% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.8M | 1,576 | 0.3% | 1 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.6M | 13,563 | 0.3% | 1 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $1.5M | 32,336 | 0.3% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.5M | 5,223 | 0.3% | 1 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $1.4M | 3,643 | 0.3% | 1 |
| ROSS STORES INC | [ROST](https://holderbook.com/stocks/ROST/) | $1.4M | 6,643 | 0.3% | 1 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $1.4M | 3,838 | 0.3% | 1 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.3M | 1,393 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $1.2M | 3,404 | 0.2% | 1 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $1.2M | 3,906 | 0.2% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $966.7K | 1,998 | 0.2% | 1 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $953.8K | 3,734 | 0.2% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $942.4K | 1,921 | 0.2% | 1 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $938.0K | 3,147 | 0.2% | 1 |
| VALERO ENERGY CORP | [VLO](https://holderbook.com/stocks/VLO/) | $930.3K | 3,572 | 0.2% | 1 |
| MONSTER BEVERAGE CORP NEW | [MNST](https://holderbook.com/stocks/MNST/) | $927.7K | 9,651 | 0.2% | 1 |
| KEYSIGHT TECHNOLOGIES INC | [KEYS](https://holderbook.com/stocks/KEYS/) | $896.5K | 2,561 | 0.2% | 1 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $894.5K | 840 | 0.2% | 1 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $874.4K | 1,019 | 0.2% | 1 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $827.3K | 5,721 | 0.2% | 1 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $820.3K | 5,996 | 0.2% | 1 |
| PACCAR INC | [PCAR](https://holderbook.com/stocks/PCAR/) | $816.6K | 6,798 | 0.1% | 1 |
| CUMMINS INC | [CMI](https://holderbook.com/stocks/CMI/) | $784.5K | 1,100 | 0.1% | 1 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $773.5K | 4,561 | 0.1% | 1 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $772.9K | 5,401 | 0.1% | 1 |
| BIOGEN INC | [BIIB](https://holderbook.com/stocks/BIIB/) | $766.6K | 3,548 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $761.2K | 8,837 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $757.6K | 1,103 | 0.1% | 1 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $729.8K | 1,850 | 0.1% | 1 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $727.4K | 1,887 | 0.1% | 1 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $720.4K | 2,767 | 0.1% | 1 |
| HUNT J B TRANS SVCS INC | [JBHT](https://holderbook.com/stocks/JBHT/) | $689.1K | 2,381 | 0.1% | 1 |
| MICROCHIP TECHNOLOGY INC. | [MCHP](https://holderbook.com/stocks/MCHP/) | $677.9K | 7,433 | 0.1% | 1 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $674.9K | 1,292 | 0.1% | 1 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $667.7K | 2,910 | 0.1% | 1 |
| TARGA RES CORP | [TRGP](https://holderbook.com/stocks/TRGP/) | $667.1K | 2,488 | 0.1% | 1 |
| NUCOR CORP | [NUE](https://holderbook.com/stocks/NUE/) | $664.9K | 2,985 | 0.1% | 1 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $664.5K | 8,021 | 0.1% | 1 |
| QUANTA SVCS INC | [PWR](https://holderbook.com/stocks/PWR/) | $663.2K | 921 | 0.1% | 1 |
| BAKER HUGHES COMPANY | [BKR](https://holderbook.com/stocks/BKR/) | $661.4K | 11,917 | 0.1% | 1 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $656.1K | 1,773 | 0.1% | 1 |
| DIAMONDBACK ENERGY INC | [FANG](https://holderbook.com/stocks/FANG/) | $656.0K | 3,732 | 0.1% | 1 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $655.0K | 1,536 | 0.1% | 1 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $654.0K | 1,597 | 0.1% | 1 |
| NXP SEMICONDUCTORS N V | [NXPI](https://holderbook.com/stocks/NXPI/) | $644.4K | 2,293 | 0.1% | 1 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $640.6K | 1,751 | 0.1% | 1 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $637.8K | 1,905 | 0.1% | 1 |
| DUPONT DE NEMOURS INC | - | $631.5K | 4,656 | 0.1% | 1 |
| WABTEC | [WAB](https://holderbook.com/stocks/WAB/) | $605.3K | 2,245 | 0.1% | 1 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $597.4K | 17,595 | 0.1% | 1 |
| FEDEX CORP | [FDX](https://holderbook.com/stocks/FDX/) | $594.3K | 1,898 | 0.1% | 1 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $581.4K | 3,972 | 0.1% | 1 |
| HOST HOTELS & RESORTS INC | [HST](https://holderbook.com/stocks/HST/) | $575.2K | 24,258 | 0.1% | 1 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $560.3K | 4,003 | 0.1% | 1 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $556.0K | 5,961 | 0.1% | 1 |
| ALPS ETF TR | [OUSA](https://holderbook.com/stocks/OUSA/) | $554.1K | 9,500 | 0.1% | 1 |
| AKAMAI TECHNOLOGIES INC | [AKAM](https://holderbook.com/stocks/AKAM/) | $553.3K | 4,681 | 0.1% | 1 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $542.4K | 12,025 | 0.1% | 1 |
| CENTENE CORP DEL | [CNC](https://holderbook.com/stocks/CNC/) | $540.9K | 8,426 | 0.1% | 1 |
| VIATRIS INC | [VTRS](https://holderbook.com/stocks/VTRS/) | $530.9K | 33,430 | 0.1% | 1 |
| INVESCO LTD | [IVZ](https://holderbook.com/stocks/IVZ/) | $496.3K | 18,808 | 0.1% | 1 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $494.8K | 2,367 | 0.1% | 1 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $490.4K | 3,620 | 0.1% | 1 |
| PHILLIPS 66 | [PSX](https://holderbook.com/stocks/PSX/) | $467.4K | 2,765 | 0.1% | 1 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $467.2K | 10,050 | 0.1% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $441.1K | 4,264 | 0.1% | 1 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $418.3K | 1,636 | 0.1% | 1 |
| BUNGE GLOBAL SA | [BG](https://holderbook.com/stocks/BG/) | $415.5K | 3,893 | 0.1% | 1 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $409.1K | 1,504 | 0.1% | 1 |
| ISHARES INC | [EWC](https://holderbook.com/stocks/EWC/) | $403.9K | 7,008 | 0.1% | 1 |
| ALBEMARLE CORP | [ALB](https://holderbook.com/stocks/ALB/) | $392.5K | 2,907 | 0.1% | 1 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $364.4K | 5,795 | 0.1% | 1 |
| CIRRUS LOGIC INC | [CRUS](https://holderbook.com/stocks/CRUS/) | $362.9K | 2,443 | 0.1% | 1 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $358.2K | 2,672 | 0.1% | 1 |
| ISHARES INC | [EWH](https://holderbook.com/stocks/EWH/) | $346.1K | 16,542 | 0.1% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $341.3K | 2,301 | 0.1% | 1 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $546.2M | 412 |