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FG

Formula Growth Portfolio holdings

AUM $284M
1-Year Est. Return 54.56%
This Fund
S&P 500
This Quarter Est. Return
-0.39%
1 Year Est. Return
+54.56%
3 Year Est. Return
+117.67%
5 Year Est. Return
+78.26%
10 Year Est. Return
+276.27%
AUM
$871M
AUM Growth
-$42.1M
Cap. Flow
-$34.6M
Cap. Flow %
-3.97%
Top 10 Hldgs %
31.47%
Holding
164
New
17
Increased
23
Reduced
52
Closed
21

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$16.3M
2
AMG icon
Affiliated Managers Group
AMG
+$14.6M
3
DBX icon
Dropbox
DBX
+$14.5M
4
INFN
Infinera Corporation Common Stock
INFN
+$11M
5
GAP
The Gap Inc
GAP
+$10.5M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$21.3M
2
FDC
First Data Corporation
FDC
+$14.5M
3
QCOM icon
Qualcomm
QCOM
+$14M
4
TPC
Tutor Perini Cor
TPC
+$10.8M
5
AMD icon
Advanced Micro Devices
AMD
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 24.92%
2 Technology 23.5%
3 Consumer Discretionary 11.56%
4 Energy 10.29%
5 Materials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MIXT
26
DELISTED
MIX TELEMATICS LIMITED
MIXT
$10.2M 1.17%
703,971
+538,219
+325% +$8.88M
CWH icon
27
Camping World
CWH
$417M
$10.2M 1.17%
+476,196
New +$10.5M
GAP
28
The Gap Inc
GAP
$8.45B
$10.1M 1.16%
+350,000
New +$10.5M
TTI icon
29
TETRA Technologies
TTI
$1.01B
$9.63M 1.11%
2,134,655
-5,000
-0.2% -$22.6K
GMS
30
DELISTED
GMS Inc
GMS
$9.54M 1.1%
411,340
+259,300
+171% +$6.58M
INFN
31
DELISTED
Infinera Corporation Common Stock
INFN
$9.49M 1.09%
+1,300,000
New +$11M
AXAS
32
DELISTED
Abraxas Petroleum Corp
AXAS
$8.77M 1.01%
188,176
-1,000
-0.5% -$49.1K
TGI
33
DELISTED
Triumph Group
TGI
$8.39M 0.96%
360,000
+245,000
+213% +$5.13M
HK
34
DELISTED
Halcon Resources Corporation
HK
$7.99M 0.92%
1,788,268
+120,890
+7% +$507K
XPO icon
35
XPO
XPO
$22.1B
$7.99M 0.92%
202,398
– –
OC icon
36
Owens Corning
OC
$11.3B
$7.95M 0.91%
+146,400
New +$8.82M
YELL
37
DELISTED
Yellow Corporation Common Stock
YELL
$7.36M 0.85%
820,000
+220,000
+37% +$2.13M
ACM icon
38
Aecom
ACM
$8.9B
$7.13M 0.82%
218,224
-81,825
-27% -$2.7M
CRAY
39
DELISTED
Cray, Inc.
CRAY
$7.11M 0.82%
330,752
– –
KBR icon
40
KBR
KBR
$4.79B
$6.97M 0.8%
330,000
-220,000
-40% -$4.38M
GSM icon
41
FerroAtlántica
GSM
$761M
$6.91M 0.79%
845,261
+715,261
+550% +$5.72M
SSNC icon
42
SS&C Technologies
SSNC
$19.6B
$6.89M 0.79%
121,200
– –
MOBL
43
DELISTED
MobileIron, Inc.
MOBL
$6.76M 0.78%
1,275,000
-125,000
-9% -$625K
XLV icon
44
State Street Health Care Select Sector SPDR ETF
XLV
$44.5B
$5.09M 0.58%
53,500
– –
CSTE icon
45
Caesarstone
CSTE
$109M
$5.07M 0.58%
273,079
-371,520
-58% -$6.52M
BABA icon
46
Alibaba
BABA
$296B
$4.85M 0.56%
29,453
-42,674
-59% -$7.55M
EA
47
DELISTED
Electronic Arts
EA
$4.76M 0.55%
39,500
– –
LBTYK icon
48
Liberty Global Class C
LBTYK
$3.56B
$4.58M 0.53%
162,702
– –
P
49
DELISTED
Pandora Media Inc
P
$4.28M 0.49%
450,000
-665,000
-60% -$5.6M
HCA icon
50
HCA Healthcare
HCA
$90.5B
$4.17M 0.48%
30,000
– –
1
2
3 4 5

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Formula Growth's Q3 2018 Portfolio in Review

As of Q3 2018, Formula Growth held 164 positions worth $871M, down 4.6% from $913M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Formula Growth withdrew a net $34.6M in Q3 2018, closing 21 positions and reducing 52 holdings. Its most notable exit was First Data Corporation, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in eBay worth $15.5M.

  • Formula Growth's largest Q3 2018 buy was eBay: 470,000 shares worth $15.5M.
  • Formula Growth added most to Affiliated Managers Group in Q3 2018, an estimated $14.6M increase.
  • Formula Growth's biggest Q3 2018 reduction was Evolent Health, cutting an estimated $21.3M.
  • Formula Growth fully exited First Data Corporation in Q3 2018, selling an estimated $14.5M.
  • Formula Growth's ten largest holdings make up 31% of its $871M portfolio in Q3 2018.
  • Formula Growth opened 17 new positions and closed 21 in Q3 2018.
  • Formula Growth's portfolio value fell 4.6% quarter-over-quarter to $871M.

Based on Formula Growth's 13F filing for Q3 2018, filed 14 Nov 2018.