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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
-26.15%
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
$522M
AUM Growth
-$271M
Cap. Flow
-$21.8M
Cap. Flow %
-4.17%
Top 10 Hldgs %
33.67%
Holding
174
New
35
Increased
26
Reduced
45
Closed
22

Top Buys

Rank Stock Value
1
TOL icon
Toll Brothers
TOL
+$21.5M
2
NSP icon
Insperity
NSP
+$21.1M
3
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$19.5M
4
THS
Treehouse Foods
THS
+$17.8M
5
EPC icon
Edgewell Personal Care
EPC
+$11.3M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$24.1M
2
INST
Instructure, Inc.
INST
+$22.3M
3
MIC
Macquarie Infrastructure Holdings, LLC
MIC
+$19M
4
GDOT icon
Green Dot
GDOT
+$16.5M
5
AAL icon
American Airlines Group
AAL
+$12.9M

Sector Composition

Rank Sector Weight
1 Technology 32.28%
2 Industrials 18.35%
3 Consumer Discretionary 11.66%
4 Consumer Staples 10.14%
5 Communication Services 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AX icon
26
Axos Financial
AX
$5.55B
$5.75M 1.1%
317,375
+249,255
+366% +$6.26M
COOP
27
DELISTED
Mr. Cooper
COOP
$5.7M 1.09%
777,204
+47,690
+7% +$552K
ZUO
28
DELISTED
Zuora, Inc.
ZUO
$5.67M 1.09%
704,261
-250,000
-26% -$3.29M
INFN
29
DELISTED
Infinera Corporation Common Stock
INFN
$5.3M 1.02%
1,000,000
-200,000
-17% -$1.37M
RNG icon
30
RingCentral
RNG
$5.79B
$4.99M 0.96%
23,561
-3,520
-13% -$725K
IBTX
31
DELISTED
Independent Bank Group, Inc.
IBTX
$4.57M 0.88%
+193,000
New +$8.86M
ZEN
32
DELISTED
ZENDESK INC
ZEN
$4.48M 0.86%
70,000
-80,000
-53% -$6.24M
KHC icon
33
Kraft Heinz
KHC
$30.5B
$4.33M 0.83%
+175,000
New +$4.8M
NEWR
34
DELISTED
New Relic, Inc.
NEWR
$4.21M 0.81%
+91,000
New +$5.31M
NVRI icon
35
Enviri
NVRI
$628M
$4.18M 0.8%
+600,000
New +$8.19M
SSNC icon
36
SS&C Technologies
SSNC
$19.6B
$3.95M 0.76%
90,200
-6,000
-6% -$339K
PWR icon
37
Quanta Services
PWR
$90.6B
$3.93M 0.75%
123,880
-6,120
-5% -$227K
TDOC icon
38
Teladoc Health
TDOC
$1.18B
$3.87M 0.74%
24,938
-12,780
-34% -$1.49M
EA
39
DELISTED
Electronic Arts
EA
$3.61M 0.69%
36,000
– –
WW
40
DELISTED
WW International
WW
$3.55M 0.68%
+210,000
New +$6.53M
CASA
41
DELISTED
Casa Systems, Inc. Common Stock
CASA
$3.5M 0.67%
+1,000,000
New +$3.62M
BABA icon
42
Alibaba
BABA
$296B
$3.43M 0.66%
17,647
+1,040
+6% +$217K
HOUS
43
DELISTED
Anywhere Real Estate
HOUS
$3.39M 0.65%
1,127,225
+361,540
+47% +$3.18M
SRCL
44
DELISTED
Stericycle Inc
SRCL
$3.32M 0.64%
+68,319
New +$4.02M
CSGP icon
45
CoStar Group
CSGP
$13.1B
$3.23M 0.62%
55,000
– –
LYFT icon
46
Lyft
LYFT
$6.7B
$3.21M 0.62%
119,570
-165,430
-58% -$6.57M
CARS icon
47
Cars.com
CARS
$639M
$3.03M 0.58%
705,000
+56,828
+9% +$549K
MGA icon
48
Magna International
MGA
$17.6B
$3.03M 0.58%
+95,000
New +$4.38M
FTAI icon
49
FTAI Aviation
FTAI
$20B
$3.03M 0.58%
432,540
-1,611
-0.4% -$22.8K
XPO icon
50
XPO
XPO
$22.1B
$2.92M 0.56%
173,484
-28,914
-14% -$773K
1
2
3 4 5

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1W
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WMA
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Formula Growth's Q1 2020 Portfolio in Review

As of Q1 2020, Formula Growth held 174 positions worth $522M, down 34% from $793M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $21.8M in Q1 2020, closing 22 positions and reducing 45 holdings. Its most notable exit was Instructure, Inc., an estimated $22.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Toll Brothers worth $10.9M.

  • Formula Growth's largest Q1 2020 buy was Toll Brothers: 567,579 shares worth $10.9M.
  • Formula Growth added most to Treehouse Foods in Q1 2020, an estimated $17.8M increase.
  • Formula Growth's biggest Q1 2020 reduction was Uber, cutting an estimated $24.1M.
  • Formula Growth fully exited Instructure, Inc. in Q1 2020, selling an estimated $22.3M.
  • Formula Growth's ten largest holdings make up 34% of its $522M portfolio in Q1 2020.
  • Formula Growth opened 35 new positions and closed 22 in Q1 2020.
  • Formula Growth's portfolio value fell 34% quarter-over-quarter to $522M.

Based on Formula Growth's 13F filing for Q1 2020, filed 14 May 2020.