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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
-23.08%
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
$608M
AUM Growth
-$263M
Cap. Flow
-$68.8M
Cap. Flow %
-11.31%
Top 10 Hldgs %
31.94%
Holding
165
New
22
Increased
19
Reduced
38
Closed
26

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$18.2M
2
MAS icon
Masco
MAS
+$12.1M
3
AAL icon
American Airlines Group
AAL
+$12M
4
OC icon
Owens Corning
OC
+$11.2M
5
KOP icon
Koppers
KOP
+$8.74M

Top Sells

Rank Stock Value
1
AUY
Yamana Gold, Inc.
AUY
+$22M
2
REI icon
Ring Energy
REI
+$19.3M
3
SPN
Superior Energy Services, Inc.
SPN
+$16.9M
4
WCC
WESCO International
WCC
+$14.8M
5
FNSR
Finisar Corp
FNSR
+$13.2M

Sector Composition

Rank Sector Weight
1 Industrials 31.81%
2 Technology 25.05%
3 Consumer Discretionary 12.1%
4 Materials 6.4%
5 Communication Services 6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GAP
26
The Gap Inc
GAP
$8.45B
$7.73M 1.27%
300,000
-50,000
-14% -$1.34M
MEI icon
27
Methode Electronics
MEI
$646M
$7.64M 1.26%
327,885
+250,000
+321% +$7.05M
KOP icon
28
Koppers
KOP
$881M
$6.33M 1.04%
+371,500
New +$8.74M
MOBL
29
DELISTED
MobileIron, Inc.
MOBL
$5.85M 0.96%
1,275,000
– –
TGI
30
DELISTED
Triumph Group
TGI
$5.69M 0.94%
495,000
+135,000
+38% +$2.35M
EBAY icon
31
eBay
EBAY
$47B
$5.61M 0.92%
200,000
-270,000
-57% -$7.94M
MIXT
32
DELISTED
MIX TELEMATICS LIMITED
MIXT
$5.31M 0.87%
339,280
-364,691
-52% -$5.82M
ACM icon
33
Aecom
ACM
$8.9B
$5.3M 0.87%
200,000
-18,224
-8% -$555K
VC icon
34
Visteon
VC
$2.72B
$5.1M 0.84%
+84,600
New +$6.38M
CSOD
35
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$5.04M 0.83%
100,000
-100,000
-50% -$5.07M
SSNC icon
36
SS&C Technologies
SSNC
$19.6B
$5.02M 0.83%
111,200
-10,000
-8% -$485K
CAR icon
37
Avis
CAR
$4.88B
$4.72M 0.78%
+210,000
New +$6.09M
OVV icon
38
Ovintiv
OVV
$17.9B
$4.71M 0.78%
+163,000
New +$7.03M
ZUO
39
DELISTED
Zuora, Inc.
ZUO
$4.54M 0.75%
+250,000
New +$4.81M
BABA icon
40
Alibaba
BABA
$296B
$4.41M 0.73%
32,154
+2,701
+9% +$399K
AXAS
41
DELISTED
Abraxas Petroleum Corp
AXAS
$4.08M 0.67%
187,176
-1,000
-0.5% -$34.9K
HLI icon
42
Houlihan Lokey
HLI
$9.3B
$4.05M 0.67%
+110,000
New +$4.48M
XPO icon
43
XPO
XPO
$22.1B
$3.99M 0.66%
202,398
– –
HCA icon
44
HCA Healthcare
HCA
$90.5B
$3.73M 0.61%
30,000
– –
RNG icon
45
RingCentral
RNG
$5.79B
$3.41M 0.56%
41,381
– –
LBTYK icon
46
Liberty Global Class C
LBTYK
$3.56B
$3.36M 0.55%
162,702
– –
EA
47
DELISTED
Electronic Arts
EA
$3.12M 0.51%
39,500
– –
SAVE
48
DELISTED
Spirit Airlines, Inc.
SAVE
$2.9M 0.48%
50,000
-5,000
-9% -$268K
HMSY
49
DELISTED
HMS Holdings Corp.
HMSY
$2.84M 0.47%
101,071
-5,500
-5% -$178K
TTI icon
50
TETRA Technologies
TTI
$1.01B
$2.71M 0.45%
1,613,503
-521,152
-24% -$1.45M
1
2
3 4 5

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Formula Growth's Q4 2018 Portfolio in Review

As of Q4 2018, Formula Growth held 165 positions worth $608M, down 30% from $871M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $68.8M in Q4 2018, closing 26 positions and reducing 38 holdings. Its most notable exit was Yamana Gold, Inc., an estimated $22M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in First Data Corporation worth $15.8M.

  • Formula Growth's largest Q4 2018 buy was First Data Corporation: 935,000 shares worth $15.8M.
  • Formula Growth added most to Owens Corning in Q4 2018, an estimated $11.2M increase.
  • Formula Growth's biggest Q4 2018 reduction was Ring Energy, cutting an estimated $19.3M.
  • Formula Growth fully exited Yamana Gold, Inc. in Q4 2018, selling an estimated $22M.
  • Formula Growth's ten largest holdings make up 32% of its $608M portfolio in Q4 2018.
  • Formula Growth opened 22 new positions and closed 26 in Q4 2018.
  • Formula Growth's portfolio value fell 30% quarter-over-quarter to $608M.

Based on Formula Growth's 13F filing for Q4 2018, filed 14 Feb 2019.