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Asset Manager ← All Institutions

USA FINANCIAL FORMULAS

6020 EAST FULTON STREET, ADA, MI 49301 • 888-407-8198

Q2 2025 · Filed 2025-07-18
Market Value
$575M
-5.1%
Holdings
366
-4
New Purchases
97
Added To
61
Closed
131
Reduced
77
Top 10 Concentration
76.6%
Turnover
62.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EEM 11.81% 0.00% +11.81% $68M
EFA 11.80% 0.04% +11.77% $68M
QQQ 11.00% 0.84% +10.16% $63M
GSG 3.87% 0.00% +3.87% $22M
HYG 1.47% 0.00% +1.47% $8M
LQD 6.64% 5.53% +1.11% $38M
SIXJ 0.97% 0.00% +0.97% $6M
SIXO 0.95% 0.00% +0.95% $5M
IYR 0.73% 0.00% +0.73% $4M
IYZ 0.63% 0.00% +0.63% $4M
IYC 0.62% 0.00% +0.62% $4M
IYF 0.62% 0.00% +0.62% $4M
IYW 0.62% 0.00% +0.62% $4M
AEP 0.53% 0.00% +0.53% $3M
MNST 0.48% 0.00% +0.48% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DIA 0.87% 20.15% -19.28% $5M
IVW 10.98% 20.17% -9.19% $63M
SPY 11.67% 20.50% -8.82% $67M
IEF 0.01% 3.08% -3.06% $73K
IVV 3.34% 5.63% -2.29% $19M
IJJ 0.00% 0.73% -0.73% $0
IJS 0.00% 0.72% -0.72% $0
TMUS 0.04% 0.47% -0.43% $215K
FTNT 0.00% 0.40% -0.40% $0
NFLX 0.00% 0.38% -0.38% $0
ISRG 0.00% 0.37% -0.37% $0
META 0.00% 0.36% -0.36% $0
BK 0.00% 0.30% -0.30% $13K
AAPL 0.00% 0.27% -0.27% $0
BKR 0.00% 0.24% -0.24% $0

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 89.0%
Technology 3.3%
Industrials 2.3%
Healthcare 1.3%
Energy 1.0%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 33 $162M 28.1%
Large Cap 218 $353M 61.4%
Mid Cap 77 $17M 2.9%
Small Cap 34 $32M 5.5%
Micro Cap 4 $12M 2.0%

Portfolio Analytics

Avg Market Cap
$114.9B
Median Market Cap
$25.9B
Avg P/E
30.8
Median P/E
22.7
Avg Dividend Yield
0.02%
Avg Beta
0.86
# Stocks
311
# ETFs / Funds
55

Top Holdings (366 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EEM 11.81% 1,406,662 $68M $48.24 +1,406,662 NEW
2 EFA 11.80% 758,763 $68M $89.39 $68M +756,115 +28554.2%
3 SPY 11.67% 108,596 $67M $617.85 -$57M -113,341 -51.1%
4 QQQ 11.00% 114,628 $63M $551.64 $58M +103,719 +950.8%
5 IVW 10.98% 573,100 $63M $110.10 -$59M -742,707 -56.4%
6 LQD 6.64% 347,983 $38M $109.61 $5M +39,844 +12.9%
7 BIL 4.02% 252,044 $23M $91.73 $348K +3,789 +1.5%
8 GSG 3.87% 1,009,519 $22M $22.04 +1,009,519 NEW
9 IVV 3.34% 30,886 $19M $620.90 -$15M -29,806 -49.1%
10 HYG 1.47% 104,684 $8M $80.65 $8M +104,654 +348846.7%
11 SIXJ 0.97% 174,494 $6M $32.01 $6M +174,413 +215324.7%
12 SIXO 0.95% 165,423 $5M $33.11 $5M +165,346 +214735.1%
13 DIA 0.87% 11,326 $5M $440.65 -$117M -279,300 -96.1%
14 IYR 0.73% 44,386 $4M $94.77 $4M +44,090 +14895.3%
15 IYZ 0.63% 122,001 $4M $29.78 +122,001 NEW
16 IYC 0.62% 35,895 $4M $99.64 +35,895 NEW
17 IYF 0.62% 29,559 $4M $120.99 +29,559 NEW
18 IYW 0.62% 20,429 $4M $173.27 +20,429 NEW
19 GILD 0.58% 30,176 $3M $110.87 $621K +5,858 +24.1%
20 CSCO 0.55% 45,834 $3M $69.38 $494K +2,314 +5.3%
21 AEP 0.53% 29,331 $3M $103.76 +29,331 NEW
22 VRSK 0.51% 9,493 $3M $311.50 $2M +4,772 +101.1%
23 MNST 0.48% 44,368 $3M $62.64 +44,368 NEW
24 EXC 0.44% 58,460 $3M $43.42 $1M +25,639 +78.1%
25 MA 0.41% 4,152 $2M $561.94 $438K +694 +20.1%
26 RTX 0.33% 12,952 $2M $146.02 $1M +7,615 +142.7%
27 BSX 0.29% 15,331 $2M $107.41 -$163K -2,606 -14.5%
28 FOXA 0.27% 28,057 $2M $56.04 -$78K -1,104 -3.8%
29 V 0.26% 4,257 $2M $355.05 -$1K -59 -1.4%
30 ABT 0.26% 11,031 $2M $136.01 $8K -220 -2.0%
31 JCI 0.25% 13,689 $1M $105.62 $1M +10,758 +367.0%
32 ETR 0.25% 17,353 $1M $83.12 -$18K +273 +1.6%
33 CVS 0.25% 20,718 $1M $68.98 +20,718 NEW
34 WM 0.24% 5,973 $1M $228.82 $1M +4,679 +361.6%
35 EW 0.23% 17,034 $1M $78.21 +17,034 NEW
36 DUK 0.21% 10,302 $1M $118.00 +10,302 NEW
37 RSG 0.21% 4,885 $1M $246.61 $635K +2,532 +107.6%
38 ATO 0.20% 7,329 $1M $154.11 $321K +2,096 +40.0%
39 IEV 0.19% 17,147 $1M $63.25 +17,147 NEW
40 TPR 0.18% 11,855 $1M $87.81 $59K -2,088 -15.0%
41 ESGE 0.17% 25,371 $994K $39.17 +25,371 NEW
42 HWM 0.17% 5,260 $979K $186.13 $145K -1,170 -18.2%
43 EBND 0.17% 45,692 $978K $21.40 +45,692 NEW
44 KR 0.17% 13,506 $969K $71.73 $98K +646 +5.0%
45 T 0.17% 33,464 $968K $28.94 -$220K -8,574 -20.4%
46 EQT 0.17% 16,483 $961K $58.32 +16,483 NEW
47 EWC 0.17% 20,636 $953K $46.20 +20,636 NEW
48 NI 0.16% 23,477 $947K $40.34 -$207K -5,302 -18.4%
49 VTIP 0.16% 18,782 $944K $50.27 +18,782 NEW
50 BSV 0.16% 11,975 $942K $78.70 +11,975 NEW
51 VYMI 0.16% 11,738 $940K $80.11 +11,738 NEW
52 IDEV 0.16% 12,297 $935K $76.04 +12,297 NEW
53 DRI 0.16% 4,265 $930K $217.97 -$291K -1,609 -27.4%
54 CMS 0.16% 13,218 $916K $69.28 +13,218 NEW
55 DTE 0.16% 6,888 $912K $132.46 +6,888 NEW
56 NRG 0.16% 5,633 $905K $160.58 +5,633 NEW
57 WELL 0.16% 5,863 $901K $153.73 -$148K -987 -14.4%
58 CNP 0.16% 24,525 $901K $36.74 +24,525 NEW
59 SCHW 0.16% 9,864 $900K $91.24 +9,864 NEW
60 LNG 0.16% 3,689 $898K $243.52 $69K +104 +2.9%
61 PODD 0.15% 2,805 $881K $314.18 -$243K -1,478 -34.5%
62 RL 0.15% 3,213 $881K $274.28 -$92K -1,195 -27.1%
63 GL 0.15% 6,989 $869K $124.29 -$308K -1,945 -21.8%
64 TRV 0.15% 3,243 $868K $267.54 +3,243 NEW
65 AEE 0.15% 8,770 $842K $96.04 $58K +960 +12.3%
66 WRB 0.15% 11,440 $840K $73.47 +11,440 NEW
67 DE 0.14% 1,600 $814K $508.49 +1,600 NEW
68 VTI 0.14% 2,602 $791K $303.93 -$58K -487 -15.8%
69 IWV 0.14% 2,246 $788K $351.00 -$59K -422 -15.8%
70 IWB 0.14% 2,316 $786K $339.57 -$68K -470 -16.9%
71 OEF 0.14% 2,559 $779K $304.35 -$77K -602 -19.0%
72 EVRG 0.13% 10,499 $724K $68.93 $359K +5,215 +98.7%
73 DGX 0.12% 3,855 $692K $179.63 +3,855 NEW
74 LH 0.12% 2,620 $688K $262.51 -$29K -459 -14.9%
75 MMM 0.12% 4,514 $687K $152.24 -$430K -3,091 -40.6%
76 SO 0.12% 7,403 $680K $91.83 +7,403 NEW
77 ICE 0.12% 3,640 $668K $183.47 +3,640 NEW
78 MOS 0.12% 18,257 $666K $36.48 +18,257 NEW
79 VTR 0.11% 10,434 $659K $63.15 $658K +10,418 +65112.5%
80 ROL 0.11% 11,431 $645K $56.42 +11,431 NEW
81 BRK-B 0.11% 1,247 $606K $485.77 $364K +793 +174.7%
82 OUSA 0.09% 9,934 $536K $53.97 +9,934 NEW
83 MMC 0.08% 2,185 $478K $218.64 $36K +376 +20.8%
84 TJX 0.08% 3,626 $448K $123.49 $48K +347 +10.6%
85 VOX 0.07% 2,513 $430K $171.03 $102K +303 +13.7%
86 XLK 0.07% 1,693 $429K $253.23 $94K +70 +4.3%
87 XLI 0.07% 2,878 $425K $147.52 $73K +192 +7.2%
88 XLF 0.07% 8,101 $424K $52.37 $68K +944 +13.2%
89 XLY 0.07% 1,892 $411K $217.33 $89K +260 +15.9%
90 XLP 0.07% 4,969 $402K $80.97 $28K +380 +8.3%
91 XLU 0.07% 4,920 $402K $81.66 $34K +258 +5.5%
92 CB 0.07% 1,380 $400K $289.72 -$16K +4 +0.3%
93 GWW 0.06% 341 $355K $1,040.24 $189K +173 +103.0%
94 WCN 0.06% 1,857 $347K $186.72 $251K +1,368 +279.8%
95 CME 0.05% 1,098 $303K $275.62 $73K +232 +26.8%
96 SLM 0.05% 9,196 $302K $32.79 -$14K -1,550 -14.4%
97 EXEL 0.05% 6,773 $299K $44.08 -$68K -3,157 -31.8%
98 DOX 0.05% 3,187 $291K $91.24 $69K +761 +31.4%
99 OGIG 0.05% 5,128 $275K $53.59 +5,128 NEW
100 RGLD 0.05% 1,524 $271K $177.84 +1,524 NEW

New Positions

SymbolValue% Port
EEM $68M 11.81%
GSG $22M 3.87%
IYZ $4M 0.63%
IYC $4M 0.62%
IYF $4M 0.62%
IYW $4M 0.62%
AEP $3M 0.53%
MNST $3M 0.48%
CVS $1M 0.25%
EW $1M 0.23%
DUK $1M 0.21%
IEV $1M 0.19%
ESGE $994K 0.17%
EBND $978K 0.17%
EQT $961K 0.17%

Sold Out Positions

SymbolValue% Port
AVB —%
AMP —%
ACN —%
GLW —%
LYV —%
HPE —%
LHX —%
NEE —%
ENVA —%
WH —%
KEYS —%
TRGP —%
AFL —%
MS —%
FDS —%
View SEC EDGAR Filings for USA FINANCIAL FORMULAS →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms