USA FINANCIAL FORMULAS

Q3 2025 13F-HR Holdings

Location
Ada, MI
Holdings as of
9/30/2025
Date filed
10/10/2025
Form type
13F-HR
Num holdings
257
Total value ($000)
$567,580
Net value change ($000)
-18,370 (-3.1%)
New positions
103
Sold out positions
85
Turnover %
18.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/18/2025 Next filing: 1/14/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
IVV 60,288 314.4%
IVW 2,992 4.7%
IDU 2,863 NEW
WBD 2,786 NEW
IDXX 2,381 NEW
QQQ 2,037 3.2%
EA 1,956 NEW
BK 1,750 13461.5%
INTU 1,674 NEW
CSGP 1,583 NEW
Top Reduces (Value $000, Stocks/ETFs)
BIL -23,120 -100.0%
LQD -18,599 -48.8%
GSG -14,113 -63.4%
DIA -4,295 -86.1%
IYR -4,206 -100.0%
IYC -3,577 -100.0%
GILD -3,339 -99.8%
EFA -3,288 -4.8%
AEP -2,938 -96.5%
VRSK -2,604 -88.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type