Latest USA Financial Portformulas Corp Stock Portfolio
$616Million– No. of Holdings #297
USA Financial Portformulas Corp Performance:
2024 Q2: 2.77%YTD: 10.37%2023: 10.25%
Performance for 2024 Q2 is 2.77%, and YTD is 10.37%, and 2023 is 10.25%.
About USA Financial Portformulas Corp and 13F Hedge Fund Stock Holdings
USA FINANCIAL FORMULAS is a hedge fund based in ADA, MI. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $544.4 Millions. In it's latest 13F Holdings report, USA FINANCIAL FORMULAS reported an equity portfolio of $616.7 Millions as of 30 Jun, 2024.
The top stock holdings of USA FINANCIAL FORMULAS are AGG, QQQ, SPY. The fund has invested 13.1% of it's portfolio in ISHARES S&P 500 GROWTH ETF and 13% of portfolio in INVESCO QQQ TRUST ETF.
The fund managers got completely rid off ISHARES S&P 500 VALUE ETF (AGG), CDW CORP (CDW) and CADENCE DESIGN SYSTEMS, INC (CDNS) stocks. They significantly reduced their stock positions in NVIDIA CORP (NVDA), SERVICENOW INC (NOW) and ADOBE INC (ADBE). USA FINANCIAL FORMULAS opened new stock positions in ISHARES S&P MID-CAP 400 GROWTH ETF (AGG), STATE STREET GLOBAL ADVISORS - BNY SPDR S&P MIDCAP 400 ETF (MDY) and DIAMONDBACK ENERGY INC (FANG). The fund showed a lot of confidence in some stocks as they added substantially to MICRON TECHNOLOGY INC. (MU), CITIGROUP INC (C) and FREEPORT-MCMORAN INC (FCX).
The top stock holdings of USA FINANCIAL FORMULAS are AGG, QQQ, SPY. The fund has invested 13.1% of it's portfolio in ISHARES S&P 500 GROWTH ETF and 13% of portfolio in INVESCO QQQ TRUST ETF.
The fund managers got completely rid off ISHARES S&P 500 VALUE ETF (AGG), CDW CORP (CDW) and CADENCE DESIGN SYSTEMS, INC (CDNS) stocks. They significantly reduced their stock positions in NVIDIA CORP (NVDA), SERVICENOW INC (NOW) and ADOBE INC (ADBE). USA FINANCIAL FORMULAS opened new stock positions in ISHARES S&P MID-CAP 400 GROWTH ETF (AGG), STATE STREET GLOBAL ADVISORS - BNY SPDR S&P MIDCAP 400 ETF (MDY) and DIAMONDBACK ENERGY INC (FANG). The fund showed a lot of confidence in some stocks as they added substantially to MICRON TECHNOLOGY INC. (MU), CITIGROUP INC (C) and FREEPORT-MCMORAN INC (FCX).
USA Financial Portformulas Corp Equity Portfolio Value
Last Reported on: 12 Jul, 2024
USA Financial Portformulas Corp Annual Return Estimates Vs S&P 500
Our best estimate is that USA FINANCIAL FORMULAS made a return of 2.77% in the last quarter. In trailing 12 months, it's portfolio return was 18.81%.
New Buys
| Ticker | $ Bought |
|---|---|
| ishares s&p mid-cap 400 growth etf | 71,161,900 |
| state street global advisors - bny spdr s&p midcap 400 etf | 70,614,500 |
| diamondback energy inc | 2,218,300 |
| crowdstrike holdings inc - ordinary shares - class a | 1,555,750 |
| welltower inc. | 1,140,500 |
| wells fargo & co. | 1,117,420 |
| l3harris technologies inc | 1,105,830 |
| american international group inc | 1,074,250 |
New stocks bought by USA Financial Portformulas Corp
Additions
| Ticker | % Inc. |
|---|---|
| micron technology inc. | 123,373 |
| citigroup inc | 81,269 |
| freeport-mcmoran inc | 19,571 |
| cummins inc. | 14,500 |
| verizon communications inc | 14,500 |
| truist financial corporation | 13,005 |
| marathon petroleum corp | 6,161 |
| american electric power company inc. | 5,270 |
Additions to existing portfolio by USA Financial Portformulas Corp
Reductions
| Ticker | % Reduced |
|---|---|
| nvidia corp | -99.82 |
| servicenow inc | -99.52 |
| adobe inc | -99.45 |
| accenture plc - ordinary shares - class a | -99.31 |
| equinix inc | -98.6 |
| spdr dow jones industrial average etf | -98.53 |
| salesforce inc | -97.59 |
| intel corp. | -94.08 |
USA Financial Portformulas Corp reduced stake in above stock
Sold off
| Ticker | $ Sold |
|---|---|
| ishares s&p 500 value etf | -72,056,700 |
| news corp - ordinary shares - class a | -1,329,580 |
| csx corp | -946,990 |
| textron inc | -1,378,420 |
| ross stores, inc | -1,862,090 |
| costar group, inc | -1,042,120 |
| franklin resources, inc | -290,995 |
| cdw corp | -2,225,030 |
USA Financial Portformulas Corp got rid off the above stocks
Sector Distribution
USA FINANCIAL FORMULAS has about 82% of it's holdings in Others sector.
| Sector | % |
|---|---|
| Others | 82 |
| Technology | 3.7 |
| Industrials | 3.6 |
| Financial Services | 3.6 |
| Healthcare | 1.7 |
| Communication Services | 1.7 |
Market Cap. Distribution
USA FINANCIAL FORMULAS has about 17.4% of it's portfolio invested in the large-cap and mega-cap stocks.
| Category | % |
|---|---|
| UNALLOCATED | 81.9 |
| LARGE-CAP | 13.3 |
| MEGA-CAP | 4.1 |
Stocks belong to which Index?
About 16.2% of the stocks held by USA FINANCIAL FORMULAS either belong to S&P 500 or RUSSELL 2000 index.
| Index | % |
|---|---|
| Others | 83.4 |
| S&P 500 | 16.2 |
USA Financial Portformulas Corp Holdings Map
This heatmap illustrates the top 50 positions within the fund's portfolio.
Current Stock Holdings of USA Financial Portformulas Corp
USA FINANCIAL FORMULAS has 297 stocks in it's portfolio. About 79% of the portfolio is in top 10 stocks. DIA proved to be the most loss making stock for the portfolio. AGG was the most profitable stock for USA FINANCIAL FORMULAS last quarter.
Last Reported on: 12 Jul, 2024| Ticker | Namesorted ascending | % Portfolio | Shares Held | $ Value | Type | % Change | Options | |
|---|---|---|---|---|---|---|---|---|
| A | agilent technologies inc. | 0.00 | 10.00 | 1,296 | unchanged | 0.00 | ||
| AAPL | apple inc | 0.00 | 30.00 | 6,319 | reduced | -65.91 | ||
| AAXJ | ishares iboxx usd high yield corp bond etf | 1.63 | 130,101 | 10,036,000 | reduced | -2.55 | ||
| ABC | cencora inc. | 0.13 | 3,446 | 776,384 | reduced | -8.33 | ||
| ABT | abbott laboratories | 0.01 | 330 | 34,290 | reduced | -91.2 | ||
| ACES | osi etf trust - owshares u.s. quality dividend etf | 0.08 | 10,105 | 501,412 | added | 7.68 | ||
| ACES | osi etf trust - o`shares global internet giants etf | 0.04 | 6,663 | 262,439 | added | 7.73 | ||
| ACES | osi etf trust - oshares u.s. small-cap quality dividend etf | 0.04 | 6,169 | 254,348 | added | 7.68 | ||
| ACES | osi etf trust - oshares europe quality dividend etf | 0.04 | 8,187 | 247,888 | added | 7.71 | ||
| ACM | aecom | 0.01 | 921 | 81,177 | reduced | -24.82 | ||
| ACN | accenture plc - ordinary shares - class a | 0.00 | 7.00 | 2,124 | reduced | -99.31 | ||
| ACWV | blackrock institutional trust company n.a. - btc ishares msci pacific | 0.04 | 5,161 | 221,923 | reduced | -9.6 | ||
| ADBE | adobe inc | 0.00 | 11.00 | 6,111 | reduced | -99.45 | ||
| ADI | analog devices inc. | 0.16 | 4,306 | 982,888 | new | |||
| ADMA | adma biologics inc | 0.01 | 6,278 | 70,188 | new | |||
| ADSK | autodesk inc | 0.00 | 0.00 | 0.00 | sold off | -100 | ||
| AEP | american electric power company inc. | 0.01 | 913 | 80,107 | added | 5,270 | ||
| AFL | aflac inc. | 0.05 | 3,308 | 295,437 | reduced | -16.36 | ||
| AGG | ishares s&p 500 growth etf | 13.12 | 874,515 | 80,927,600 | reduced | -3.12 | ||
| AGG | ishares s&p mid-cap 400 growth etf | 11.54 | 807,648 | 71,161,900 | new | |||