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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
+8.6%
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
$535M
AUM Growth
-$56.6M
Cap. Flow
-$94.2M
Cap. Flow %
-17.62%
Top 10 Hldgs %
32.35%
Holding
175
New
33
Increased
18
Reduced
43
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$14.5M
2
ADT icon
ADT
ADT
+$8.44M
3
KLIC icon
Kulicke & Soffa
KLIC
+$6.97M
4
NEWR
New Relic, Inc.
NEWR
+$6.72M
5
STRA icon
Strategic Education
STRA
+$6.16M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$17.3M
2
NUAN
Nuance Communications, Inc.
NUAN
+$15.6M
3
PINS icon
Pinterest
PINS
+$15.3M
4
OC icon
Owens Corning
OC
+$13.4M
5
PAGS icon
PagSeguro Digital
PAGS
+$13.1M

Sector Composition

Rank Sector Weight
1 Technology 39.97%
2 Industrials 11.8%
3 Consumer Discretionary 11.7%
4 Consumer Staples 10.17%
5 Healthcare 8.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTAI icon
26
FTAI Aviation
FTAI
$20B
$5.18M 0.97%
353,879
-78,661
-18% -$1.04M
DXC icon
27
DXC Technology
DXC
$1.79B
$5.05M 0.95%
+283,072
New +$5.16M
INFN
28
DELISTED
Infinera Corporation Common Stock
INFN
$4.93M 0.92%
800,000
-100,000
-11% -$700K
RNG icon
29
RingCentral
RNG
$5.79B
$4.68M 0.88%
17,061
– –
CSGP icon
30
CoStar Group
CSGP
$13.1B
$4.67M 0.87%
55,000
– –
XPO icon
31
XPO
XPO
$22.1B
$4.66M 0.87%
159,027
-14,457
-8% -$416K
STRA icon
32
Strategic Education
STRA
$1.88B
$4.64M 0.87%
+50,740
New +$6.16M
CASA
33
DELISTED
Casa Systems, Inc. Common Stock
CASA
$4.63M 0.87%
1,150,000
-50,000
-4% -$234K
ZD icon
34
Ziff Davis
ZD
$1.91B
$4.63M 0.87%
+76,856
New +$4.36M
JD icon
35
JD.com
JD
$38.8B
$4.59M 0.86%
59,122
+18,160
+44% +$1.26M
EA
36
DELISTED
Electronic Arts
EA
$4.43M 0.83%
34,000
-2,000
-6% -$273K
RXT icon
37
Rackspace Technology
RXT
$803M
$4.42M 0.83%
+229,305
New +$4.2M
BBSI icon
38
Barrett Business Services
BBSI
$833M
$4.33M 0.81%
+330,012
New +$4.51M
GDS icon
39
GDS Holdings
GDS
$6.69B
$3.98M 0.75%
48,700
-6,005
-11% -$481K
HCA icon
40
HCA Healthcare
HCA
$90.5B
$3.74M 0.7%
30,000
– –
BNFT
41
DELISTED
Benefitfocus, Inc.
BNFT
$3.64M 0.68%
325,000
-100,000
-24% -$1.1M
SE icon
42
Sea Limited
SE
$73.1B
$3.53M 0.66%
22,945
+2,250
+11% +$304K
PODD icon
43
Insulet
PODD
$10.1B
$3.45M 0.65%
14,600
– –
LBTYK icon
44
Liberty Global Class C
LBTYK
$3.56B
$3.34M 0.63%
162,702
– –
SP
45
DELISTED
SP Plus Corporation
SP
$3.33M 0.62%
+185,246
New +$3.4M
NEO icon
46
NeoGenomics
NEO
$2.32B
$3.32M 0.62%
90,000
-5,000
-5% -$186K
SAH icon
47
Sonic Automotive
SAH
$2.52B
$3.21M 0.6%
80,000
– –
WIX icon
48
WIX.com
WIX
$3.67B
$3.19M 0.6%
12,500
– –
MIC
49
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$3.15M 0.59%
117,263
-28,469
-20% -$824K
KRNT icon
50
Kornit Digital
KRNT
$718M
$3.11M 0.58%
48,000
– –
1
2
3 4 5

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WMA
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Formula Growth's Q3 2020 Portfolio in Review

As of Q3 2020, Formula Growth held 175 positions worth $535M, down 9.6% from $591M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $94.2M in Q3 2020, closing 27 positions and reducing 43 holdings. Its most notable exit was Owens Corning, an estimated $13.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in ADT worth $7.08M.

  • Formula Growth's largest Q3 2020 buy was ADT: 866,741 shares worth $7.08M.
  • Formula Growth added most to Alibaba in Q3 2020, an estimated $14.5M increase.
  • Formula Growth's biggest Q3 2020 reduction was Evolent Health, cutting an estimated $17.3M.
  • Formula Growth fully exited Owens Corning in Q3 2020, selling an estimated $13.4M.
  • Formula Growth's ten largest holdings make up 32% of its $535M portfolio in Q3 2020.
  • Formula Growth opened 33 new positions and closed 27 in Q3 2020.
  • Formula Growth's portfolio value fell 9.6% quarter-over-quarter to $535M.

Based on Formula Growth's 13F filing for Q3 2020, filed 16 Nov 2020.