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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
+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
Avg Time Held
1.9 years
Top 10 Avg Time Held
0.6 years
Top 20 Avg Time Held
0.7 years

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 Held Since
FTAI icon
26
FTAI Aviation
FTAI
$16.9B
$5.18M 0.97%
353,879
-78,661
-18% -$1.04M
2019 Q1
6 quarters
DXC icon
27
DXC Technology
DXC
$2.18B
$5.05M 0.95%
+283,072
New +$5.16M
2020 Q3
0 quarters
INFN icon
28
DELISTED
Infinera Corporation Common Stock
INFN
$4.93M 0.92%
800,000
-100,000
-11% -$700K
2018 Q3
8 quarters
RNG icon
29
RingCentral
RNG
$6.3B
$4.68M 0.88%
17,061
– –
2015 Q4
19 quarters
CSGP icon
30
CoStar Group
CSGP
$13.1B
$4.67M 0.87%
55,000
– –
2015 Q4
19 quarters
XPO icon
31
XPO
XPO
$21.9B
$4.66M 0.87%
159,027
-14,457
-8% -$416K
2015 Q4
19 quarters
STRA icon
32
Strategic Education
STRA
$1.81B
$4.64M 0.87%
+50,740
New +$6.16M
2020 Q3
0 quarters
CASA
33
DELISTED
Casa Systems, Inc. Common Stock
CASA
$4.63M 0.87%
1,150,000
-50,000
-4% -$234K
2020 Q1
2 quarters
ZD icon
34
Ziff Davis
ZD
$1.96B
$4.63M 0.87%
+76,856
New +$4.36M
2020 Q3
0 quarters
JD icon
35
JD.com
JD
$36.5B
$4.59M 0.86%
59,122
+18,160
+44% +$1.26M
2017 Q1
14 quarters
EA icon
36
DELISTED
Electronic Arts
EA
$4.43M 0.83%
34,000
-2,000
-6% -$273K
2015 Q4
19 quarters
RXT icon
37
Rackspace Technology
RXT
$721M
$4.42M 0.83%
+229,305
New +$4.2M
2020 Q3
0 quarters
BBSI icon
38
Barrett Business Services
BBSI
$789M
$4.33M 0.81%
+330,012
New +$4.51M
2020 Q3
0 quarters
GDS icon
39
GDS Holdings
GDS
$4.62B
$3.98M 0.75%
48,700
-6,005
-11% -$481K
2019 Q2
5 quarters
HCA icon
40
HCA Healthcare
HCA
$99.3B
$3.74M 0.7%
30,000
– –
2015 Q4
19 quarters
BNFT
41
DELISTED
Benefitfocus, Inc.
BNFT
$3.64M 0.68%
325,000
-100,000
-24% -$1.1M
2020 Q1
2 quarters
SE icon
42
Sea Limited
SE
$57.4B
$3.53M 0.66%
22,945
+2,250
+11% +$304K
2019 Q3
4 quarters
PODD icon
43
Insulet
PODD
$9.79B
$3.45M 0.65%
14,600
– –
2016 Q2
17 quarters
LBTYK icon
44
Liberty Global Class C
LBTYK
$2.62B
$3.34M 0.63%
162,702
– –
2015 Q4
19 quarters
SP icon
45
DELISTED
SP Plus Corporation
SP
$3.33M 0.62%
+185,246
New +$3.4M
2020 Q3
0 quarters
NEO icon
46
NeoGenomics
NEO
$2.14B
$3.32M 0.62%
90,000
-5,000
-5% -$186K
2019 Q2
5 quarters
SAH icon
47
Sonic Automotive
SAH
$2.01B
$3.21M 0.6%
80,000
– –
2015 Q4
19 quarters
WIX icon
48
WIX.com
WIX
$3.14B
$3.19M 0.6%
12,500
– –
2020 Q1
2 quarters
MIC icon
49
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$3.15M 0.59%
117,263
-28,469
-20% -$824K
2020 Q2
1 quarter
KRNT icon
50
Kornit Digital
KRNT
$729M
$3.11M 0.58%
48,000
– –
2017 Q3
12 quarters
1
2
3 4 5

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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.