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Institutional Investment Manager
USA FINANCIAL FORMULAS
USA FINANCIAL FORMULAS (CIK: 0001633716) incorporated in Michigan, located at 6020 East Fulton Street, Ada, MI. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 176 holdings with a total value of $306,824,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 INGLES MKTS INC CL A 6,794 336,000 0.11%
152 MEADOWBROOK INSURA 38,231 325,000 0.11%
153 TOWER SEMICONDUCTOR LTD 19,085 324,000 0.11%
154 BLACKHAWK NETWORK 8,901 318,000 0.10%
155 BUILD A BEAR WORKSHOP COM 15,144 298,000 0.10%
156 Hercules Offshore Inc 14,390 283,000 0.09%
157 AMEDISYS INC 10,412 279,000 0.09%
158 SELECT SECTOR SPDR TR 3,637 264,000 0.09%
159 FMC TECHNOLOGIES INC 7,113 263,000 0.09%
160 HALLIBURTON CO 5,953 261,000 0.09%
161 AMERICAN AXLE & MFG HLDGS IN 10,098 261,000 0.09%
162 SPDR SER TR 1,156 261,000 0.09%
163 LYONDELLBASELL INDUSTRIES N 2,957 260,000 0.08%
164 VANGUARD WORLD FD 1,894 257,000 0.08%
165 SHIRE PLC 1,073 257,000 0.08%
166 ISHARES TR 1,490 257,000 0.08%
167 ICONIX BRAND GROUP INC 7,616 256,000 0.08%
168 PAYCHEX INC 3,863 255,000 0.08%
169 WADDELL & REED FINL INC 5,146 255,000 0.08%
170 Perfect World Co- Spn ADR 13,597 253,000 0.08%
171 ISHARES TR 1,642 253,000 0.08%
172 Alaska Air Group Inc 3,826 253,000 0.08%
173 DXP ENTERPRISES INC NEW COM NEW 5,705 252,000 0.08%
174 AMERIPRISE FINL INC 1,894 248,000 0.08%
175 LINCOLN NATL CORP IND 4,227 243,000 0.08%
176 LATTICE SEMICONDUCTOR CORP 37,706 239,000 0.08%
Page 4 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000905729-15-000172, filed 2015.05.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.