USA Financial Formulas
PERIOD 2026-Q2 (filed 2026-08-04) · SOURCE: SEC EDGAR (PUBLIC)
Holdings as of the 2026-Q2 13F-HR filing (filed 2026-08-04). 13F is disclosed up to 45 days after quarter-end.
What a 13F does — and does not — show
These figures come from Form 13F, a quarterly filing that large US institutional managers must submit to the SEC. It is a useful window, but a partial and lagged one, so read it carefully:
- It is a snapshot, up to 45 days old. A 13F shows what a manager held on the last day of a quarter, filed up to 45 days later — the fund may have traded since.
- Long US-listed stocks only. It excludes short positions, cash, bonds, most derivatives, and non-US or private holdings, so it is not the fund’s whole portfolio.
- Reported 13F value is not assets under management. Every share and concentration figure below is a percentage of the reported 13F value only — not the firm’s total assets.
- It describes, it does not recommend. A large or long-held position is not an endorsement, and none of this is investment advice.
Concentration
Share of reported portfolio value. Long US-listed equity positions as filed; percentages are of reported 13F value, which excludes shorts, cash, non-US and private holdings.
| Tier | Reported value | Share |
|---|---|---|
| Top position | $64M | 11.7% |
| Top 5 | $302M | 55.2% |
| Top 10 | $419M | 76.7% |
Top holdings
| # | Security | Shares | Reported value | % of value |
|---|---|---|---|---|
| 1 | IYM BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Basic Ma | 354,526 | $64M | 11.7% |
| 2 | IWM iShares Russell 2000 ETF | 206,442 | $62M | 11.4% |
| 3 | EEM iShares MSCI Emerging Markets ETF | 889,999 | $61M | 11.1% |
| 4 | QQQ Invesco QQQ Trust ETF | 78,200 | $58M | 10.5% |
| 5 | IVW iShares S&P 500 Growth ETF | 418,090 | $57M | 10.5% |
| 6 | IVV iShares Core S&P 500 | 75,606 | $57M | 10.4% |
| 7 | GSG BlackRock Institutional Trust Company N.A. - BTC iShares S&P GSCI Comm | 955,933 | $27M | 5.0% |
| 8 | LQD iShares iBoxx USD Inv Grade Corp Bond ETF | 194,203 | $21M | 3.9% |
| 9 | IYW iShares U.S. Technology ETF | 24,341 | $6M | 1.1% |
| 10 | HYG iShares iBoxx USD High Yield Corp Bond ETF | 75,115 | $6M | 1.1% |
| 11 | IYZ BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Telecomm | 135,906 | $6M | 1.1% |
| 12 | IYE BlackRock Institutional Trust Company N.A. - BTC iShares U.S. Energy E | 98,658 | $6M | 1.0% |
How this filer invests
Reproducible measures computed from the positions in this filer’s own 13F filings — not from any outside estimate.
How concentrated the book is
Across 412 reported positions. Shares are of reported 13F value (long US-listed equity), which is not the firm’s total assets. The concentration index (HHI) is the sum of each position’s squared weight — higher means a book concentrated in fewer names.
Frequently asked
What does USA Financial Formulas own?
USA Financial Formulas reported 412 long US-listed equity positions worth $546M in its 2026-Q2 13F filing.
Where does this data come from?
Holdings are parsed from SEC Form 13F-HR filings on EDGAR (public filings). 13F is disclosed up to 45 days after quarter-end and reflects long US-listed equity positions only. Informational, not investment advice.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It is filed up to 45 days after quarter-end, so it is backward-looking — the manager may have traded since — and it covers long US-listed equities only, not short positions, cash, or private holdings. Reading a 13F tells you what a manager owned, not whether you should own it.