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FG

Formula Growth Portfolio holdings

AUM $284M Turnover 33.14%
1-Year Est. Return 54.56%
This Fund
S&P 500
This Quarter Est. Return
-3.06%
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
$667M
AUM Growth
-$32.8M
Cap. Flow
-$2.62M
Cap. Flow %
-0.39%
Top 10 Hldgs %
30.88%
Holding
170
New
20
Increased
30
Reduced
43
Closed
23
Avg Time Held Equity + Options
1.8 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
1.1 years
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
1.1 years

Top Buys

Rank Stock Value
1
GDOT icon
Green Dot
GDOT
+$16.3M
2
UBER icon
Uber
UBER
+$15.6M
3
LYFT icon
Lyft
LYFT
+$12M
4
PS icon
Pluralsight, Inc. Class A Common Stock
PS
+$10.3M
5
TWLO icon
Twilio
TWLO
+$7.78M

Top Sells

Rank Stock Value
1
PAGS icon
PagSeguro Digital
PAGS
+$14.4M
2
IAA
IAA, Inc. Common Stock
IAA
+$11.3M
3
LKQ icon
LKQ Corp
LKQ
+$10.8M
4
TGI icon
Triumph Group
TGI
+$9.6M
5
OC icon
Owens Corning
OC
+$8.01M

Sector Composition

Rank Sector Weight
1 Technology 30.13%
2 Industrials 22.05%
3 Consumer Discretionary 12.5%
4 Healthcare 7.11%
5 Materials 6.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
OPLN icon
26
Openlane
OPLN
$4.52B
$7.97M 1.19%
324,746
-115,000
-26% -$2.95M
2015 Q4
15 quarters
TWLO icon
27
Twilio
TWLO
$37.5B
$7.95M 1.19%
72,312
+60,000
+487% +$7.78M
2017 Q2
9 quarters
AX icon
28
Axos Financial
AX
$5B
$7.82M 1.17%
282,662
+207,471
+276% +$5.58M
2015 Q4
15 quarters
TDC icon
29
Teradata
TDC
$2.82B
$7.75M 1.16%
250,000
– –
2019 Q1
2 quarters
COOP icon
30
DELISTED
Mr. Cooper
COOP
$7.46M 1.12%
702,839
+205,000
+41% +$1.84M
2019 Q1
2 quarters
REGI
31
DELISTED
Renewable Energy Group, Inc.
REGI
$7.28M 1.09%
484,906
+266,504
+122% +$3.68M
2019 Q2
1 quarter
LKQ icon
32
LKQ Corp
LKQ
$5.62B
$6.9M 1.03%
219,475
-395,000
-64% -$10.8M
2015 Q4
15 quarters
PRMW icon
33
DELISTED
Primo Water Corporation
PRMW
$6.75M 1.01%
550,000
+420,000
+323% +$5.44M
2018 Q4
3 quarters
NBL
34
DELISTED
Noble Energy, Inc.
NBL
$6.51M 0.98%
289,970
-23,000
-7% -$512K
2017 Q3
8 quarters
EPC icon
35
Edgewell Personal Care
EPC
$1.29B
$6.5M 0.97%
200,000
+80,000
+67% +$2.39M
2019 Q2
1 quarter
LTHM
36
DELISTED
Livent Corporation
LTHM
$6.22M 0.93%
930,000
– –
2019 Q1
2 quarters
OVV icon
37
Ovintiv
OVV
$19.2B
$6.01M 0.9%
261,400
+2,400
+0.9% +$55K
2018 Q4
3 quarters
FDX icon
38
FedEx
FDX
$69.5B
$5.1M 0.76%
35,000
-25,000
-42% -$4.03M
2019 Q2
1 quarter
XPO icon
39
XPO
XPO
$21.9B
$5.01M 0.75%
202,398
– –
2015 Q4
15 quarters
SSNC icon
40
SS&C Technologies
SSNC
$19.7B
$4.96M 0.74%
96,200
-10,000
-9% -$511K
2015 Q4
15 quarters
CAR icon
41
Avis
CAR
$3.63B
$4.95M 0.74%
175,000
+75,000
+75% +$2.3M
2018 Q4
3 quarters
GDS icon
42
GDS Holdings
GDS
$4.62B
$4.39M 0.66%
109,580
+77,080
+237% +$3.11M
2019 Q2
1 quarter
CARS icon
43
Cars.com
CARS
$547M
$4.2M 0.63%
468,172
+425,000
+984% +$5.73M
2017 Q3
8 quarters
LL icon
44
DELISTED
LL Flooring Holdings, Inc.
LL
$4.14M 0.62%
+420,000
New +$4.12M
2019 Q3
0 quarters
LBTYK icon
45
Liberty Global Class C
LBTYK
$2.62B
$3.87M 0.58%
162,702
– –
2015 Q4
15 quarters
ON icon
46
ON Semiconductor
ON
$28B
$3.84M 0.58%
200,000
-150,000
-43% -$2.88M
2019 Q1
2 quarters
WCC icon
47
WESCO International
WCC
$16.6B
$3.84M 0.58%
80,416
-93,600
-54% -$4.41M
2018 Q1
6 quarters
RNG icon
48
RingCentral
RNG
$6.3B
$3.65M 0.55%
29,081
-6,300
-18% -$826K
2015 Q4
15 quarters
HCA icon
49
HCA Healthcare
HCA
$99.3B
$3.61M 0.54%
30,000
– –
2015 Q4
15 quarters
JD icon
50
JD.com
JD
$36.5B
$3.6M 0.54%
127,459
+63,310
+99% +$1.91M
2017 Q1
10 quarters
1
2
3 4 5

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Formula Growth's Q3 2019 Portfolio in Review

As of Q3 2019, Formula Growth held 170 positions worth $667M, down 4.7% from $700M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Formula Growth's Q3 2019 filing shows 20 new, 30 increased, 43 reduced and 23 closed positions. Its largest new stake was Green Dot: 440,000 shares worth $11.1M. The largest sale was PagSeguro Digital, an estimated $14.4M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Industrials and Consumer Discretionary.

  • Formula Growth's largest Q3 2019 buy was Green Dot: 440,000 shares worth $11.1M.
  • Formula Growth added most to Twilio in Q3 2019, an estimated $7.78M increase.
  • Formula Growth's biggest Q3 2019 reduction was PagSeguro Digital, cutting an estimated $14.4M.
  • Formula Growth fully exited Triumph Group in Q3 2019, selling an estimated $9.6M.
  • Formula Growth's ten largest holdings make up 31% of its $667M portfolio in Q3 2019.
  • Formula Growth opened 20 new positions and closed 23 in Q3 2019.
  • Formula Growth's portfolio value fell 4.7% quarter-over-quarter to $667M.

Based on Formula Growth's 13F filing for Q3 2019, filed 14 Nov 2019.