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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 (2016Q1)
Portfolio Summary: 66 holdings with a total value of $314,261,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 COOPER STD HLDGS INC 3,640 261,000 0.08%
2 CHESAPEAKE UTILS CORP 4,408 278,000 0.09%
3 MAXLINEAR INC COM 16,383 303,000 0.10%
4 EMPLOYERS HOLDINGS INC 11,555 325,000 0.10%
5 AGREE RLTY CORP COM 8,679 334,000 0.11%
6 LIFE STORAGE 2,931 346,000 0.11%
7 JOHN BEAN TECHNOLOGIES CORP COM 6,133 346,000 0.11%
8 CORESITE RLTY CORP 5,018 351,000 0.11%
9 GRANITE CONSTR INC 7,546 361,000 0.11%
10 ORBITAL ATK INC 4,803 418,000 0.13%
11 EQUITY LIFESTYLE PPTYS INC 7,581 551,000 0.18%
12 ACORDA THERAPEUTICS INC 20,873 552,000 0.18%
13 GENPACT LIMITED 20,389 554,000 0.18%
14 BWX TECHNOLOGIES INC COM 16,704 561,000 0.18%
15 AMERICAN WTR WKS CO INC NEW 8,264 570,000 0.18%
16 InterDigital Inc 16,235 583,000 0.19%
17 DIGITAL RLTY TR INC 6,644 588,000 0.19%
18 PROASSURANCE CORP COM 11,700 592,000 0.19%
19 OLD REP INTL CORP 32,422 593,000 0.19%
20 AQUA AMERICA INC 19,126 609,000 0.19%
21 ATMOS ENERGY CORP 8,270 614,000 0.20%
22 APTARGROUP INC 7,857 616,000 0.20%
23 INGREDION INC 5,783 618,000 0.20%
24 AMERICAN CAMPUS CMNTYS INC 13,245 624,000 0.20%
25 MID AMER APT CMNTYS INC 6,269 641,000 0.20%
26 PHOTRONICS INC 67,382 701,000 0.22%
27 TETRA TECH INC NEW 25,521 761,000 0.24%
28 ADVANCED ENERGY INDS COM 22,584 786,000 0.25%
29 CHINA LODGING GROUP LTD 20,930 800,000 0.25%
30 STAMPS COM INC COM NEW 7,615 809,000 0.26%
31 PANERA BREAD CO 4,414 904,000 0.29%
32 SMITH & WESSON HLDG 33,961 904,000 0.29%
33 II VI INC 42,179 916,000 0.29%
34 COHERENT INC 10,610 975,000 0.31%
35 POOL CORPORATION 11,272 989,000 0.31%
36 HAWAIIAN HOLDINGS INC COM 21,086 995,000 0.32%
37 EXLSERVICE HOLDINGS INC COM 19,457 1,008,000 0.32%
38 GIBRALTAR INDS INC COM 36,677 1,049,000 0.33%
39 CSG SYS INTL INC 24,011 1,084,000 0.34%
40 BRUKER CORP 42,043 1,177,000 0.37%
41 INTERCONTINENTAL EXCHANGE IN 24,070 5,660,000 1.80%
42 REYNOLDS AMERICAN INC 114,845 5,778,000 1.84%
43 TYSON FOODS INC 87,670 5,844,000 1.86%
44 SMUCKER J M CO 45,179 5,866,000 1.87%
45 SYSCO CORP 128,809 6,019,000 1.92%
46 SCANA 90,136 6,323,000 2.01%
47 FIRST SOLAR INC 92,768 6,352,000 2.02%
48 EXTRA SPACE STORAGE INC 68,894 6,439,000 2.05%
49 MOLSON COORS BREWING CO 67,129 6,456,000 2.05%
50 DENTSPLY SIRONA INC 105,994 6,532,000 2.08%
Page 1 of 2

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000905729-16-000554, filed 2016.05.13).

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.