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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
+40.71%
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
$591M
AUM Growth
+$69.5M
Cap. Flow
-$94M
Cap. Flow %
-15.91%
Top 10 Hldgs %
34.34%
Holding
181
New
29
Increased
14
Reduced
39
Closed
39

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$10.9M
2
CLDR
Cloudera, Inc.
CLDR
+$8.41M
3
ALLY icon
Ally Financial
ALLY
+$7.66M
4
VIRT icon
Virtu Financial
VIRT
+$7.09M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$6.05M

Top Sells

Rank Stock Value
1
OC icon
Owens Corning
OC
+$13.8M
2
GDOT icon
Green Dot
GDOT
+$12.8M
3
META icon
Meta Platforms (Facebook)
META
+$12.6M
4
TOL icon
Toll Brothers
TOL
+$10.9M
5
BLDR icon
Builders FirstSource
BLDR
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 39.34%
2 Industrials 12.35%
3 Communication Services 9.7%
4 Healthcare 9.09%
5 Consumer Staples 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AX icon
26
Axos Financial
AX
$5.55B
$5.35M 0.91%
242,375
-75,000
-24% -$1.53M
INFN
27
DELISTED
Infinera Corporation Common Stock
INFN
$5.33M 0.9%
900,000
-100,000
-10% -$548K
AMG icon
28
Affiliated Managers Group
AMG
$9.59B
$5.22M 0.88%
+70,000
New +$4.73M
MOBL
29
DELISTED
MobileIron, Inc.
MOBL
$5.18M 0.88%
1,050,000
+300,000
+40% +$1.38M
SSNC icon
30
SS&C Technologies
SSNC
$19.6B
$5.09M 0.86%
90,200
– –
CASA
31
DELISTED
Casa Systems, Inc. Common Stock
CASA
$4.99M 0.84%
1,200,000
+200,000
+20% +$845K
RNG icon
32
RingCentral
RNG
$5.79B
$4.86M 0.82%
17,061
-6,500
-28% -$1.64M
FTAI icon
33
FTAI Aviation
FTAI
$20B
$4.8M 0.81%
432,540
– –
EA
34
DELISTED
Electronic Arts
EA
$4.75M 0.8%
36,000
– –
XPO icon
35
XPO
XPO
$22.1B
$4.63M 0.78%
173,484
– –
BNFT
36
DELISTED
Benefitfocus, Inc.
BNFT
$4.57M 0.77%
425,000
+234,882
+124% +$2.57M
DBD
37
DELISTED
Diebold Nixdorf Incorporated
DBD
$4.54M 0.77%
748,443
+330,000
+79% +$1.63M
ACI icon
38
Albertsons Companies
ACI
$6.08B
$4.49M 0.76%
+285,000
New +$4.45M
MIC
39
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$4.47M 0.76%
+145,732
New +$4.03M
ZEN
40
DELISTED
ZENDESK INC
ZEN
$4.43M 0.75%
50,000
-20,000
-29% -$1.54M
GDS icon
41
GDS Holdings
GDS
$6.69B
$4.36M 0.74%
54,705
+17,970
+49% +$1.11M
OEC icon
42
Orion
OEC
$358M
$4.35M 0.74%
+410,554
New +$3.79M
WCC
43
WESCO International
WCC
$16.4B
$4.21M 0.71%
+120,000
New +$3.59M
EGHT icon
44
8x8 Inc
EGHT
$287M
$4M 0.68%
+250,000
New +$3.97M
CSGP icon
45
CoStar Group
CSGP
$13.1B
$3.91M 0.66%
55,000
– –
SRI icon
46
Stoneridge
SRI
$205M
$3.62M 0.61%
+175,000
New +$3.28M
LBTYK icon
47
Liberty Global Class C
LBTYK
$3.56B
$3.5M 0.59%
162,702
– –
DY icon
48
Dycom Industries
DY
$8.88B
$3.5M 0.59%
+85,500
New +$2.95M
OPLN
49
Openlane
OPLN
$4.28B
$3.46M 0.59%
251,696
-371,490
-60% -$5.1M
KOP icon
50
Koppers
KOP
$881M
$3.37M 0.57%
+178,982
New +$2.72M
1
2
3 4 5

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1W
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WMA
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CWA
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Formula Growth's Q2 2020 Portfolio in Review

As of Q2 2020, Formula Growth held 181 positions worth $591M, up 13% from $522M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $94M in Q2 2020, closing 39 positions and reducing 39 holdings. Its most notable exit was Toll Brothers, an estimated $10.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Formula Growth opened a new position in Bausch Health worth $11.3M.

  • Formula Growth's largest Q2 2020 buy was Bausch Health: 620,000 shares worth $11.3M.
  • Formula Growth added most to Cornerstone OnDemand, Inc. in Q2 2020, an estimated $6.05M increase.
  • Formula Growth's biggest Q2 2020 reduction was Owens Corning, cutting an estimated $13.8M.
  • Formula Growth fully exited Toll Brothers in Q2 2020, selling an estimated $10.9M.
  • Formula Growth's ten largest holdings make up 34% of its $591M portfolio in Q2 2020.
  • Formula Growth opened 29 new positions and closed 39 in Q2 2020.
  • Formula Growth's portfolio value rose 13% quarter-over-quarter to $591M.

Based on Formula Growth's 13F filing for Q2 2020, filed 13 Aug 2020.