USA FINANCIAL FORMULAS
SEC Form 13F institutional filer · CIK 0001633716
13F-HR · 204 reported holdings · 2026-03-31
Reported long-US-equity value
$0.43B
Top-10 concentration
87.8%
USA FINANCIAL FORMULAS — $431M AUM allocation strategy
USA FINANCIAL FORMULAS files SEC Form 13F and reports $431M of long US equity value across 204 reported holdings for 2026-03-31.
Its largest sector bet is Financials 50.9%, followed by Information Technology 2.5% and Health Care 0.5%.
The top 10 holdings account for 88% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
USA FINANCIAL FORMULAS — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$431M
total across 204 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
88% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$SPGI +1.04M sh · +$105M+$IWM +433K sh · +$107M+$BLK +345K sh · +$41.8M
Biggest trims (shares)
−$QQQ −99.5K sh · −$61.4M−$SPY −94.6K sh · −$64.5M−$IVV −61.2K sh · −$43.3M
Exited to nil (held last quarter, gone now)
$IYY ($10.4M last qtr)$GM ($793K last qtr)$DDOG ($765K last qtr)$ULTA ($692K last qtr)$FSLR ($672K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Asset Management & Custody Banks26.6%—
- Financial Exchanges & Data24.3%—
- Semiconductors0.8%—
- Semiconductor Materials & Equipment0.7%—
- Technology Hardware, Storage & Peripherals0.6%—
- Biotechnology0.5%—
- Communications Equipment0.4%—
- Apparel Retail0.3%—
- Other holdings45.7%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
7 of 7 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BLK | BlackRock Inc | 966K | $114M | +345K | 26.4% |
| $SPGI | S&P Global Inc | 1.04M | $105M | +1.04M | 24.3% |
| $AMAT | Applied Materials Inc | 4.78K | $1.64M | +4.75K | 0.4% |
| $WDC | Western Digital Corporation | 5.63K | $1.52M | +1.35K | 0.4% |
| $CSCO | Cisco Systems Inc | 19.2K | $1.49M | +5.24K | 0.3% |
| $LRCX | Lam Research Corporation | 6.64K | $1.42M | -3.9K | 0.3% |
| $MU | Micron Technology Inc | 4.08K | $1.38M | -3.34K | 0.3% |
…and 197 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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