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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
+28.02%
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
$599M
AUM Growth
+$64.3M
Cap. Flow
-$53.4M
Cap. Flow %
-8.91%
Top 10 Hldgs %
32%
Holding
166
New
18
Increased
17
Reduced
58
Closed
28
Avg Time Held
2.1 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
0.8 years

Top Buys

Rank Stock Value
1
MLKN icon
MillerKnoll
MLKN
+$10M
2
INTC icon
Intel
INTC
+$9.28M
3
EAT icon
Brinker International
EAT
+$9.04M
4
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$7.36M
5
HII icon
Huntington Ingalls Industries
HII
+$7.15M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$10.3M
2
COOP icon
Mr. Cooper
COOP
+$10.1M
3
NSP icon
Insperity
NSP
+$7.3M
4
LAUR icon
Laureate Education
LAUR
+$6.52M
5
BHC icon
Bausch Health
BHC
+$5.32M

Sector Composition

Rank Sector Weight
1 Technology 42.03%
2 Consumer Discretionary 14.02%
3 Industrials 9.65%
4 Consumer Staples 8.96%
5 Healthcare 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
RNG icon
26
RingCentral
RNG
$6.3B
$6.47M 1.08%
17,061
– –
2015 Q4
20 quarters
XPO icon
27
XPO
XPO
$21.9B
$5.36M 0.9%
130,113
-28,914
-18% -$1.05M
2015 Q4
20 quarters
CASA
28
DELISTED
Casa Systems, Inc. Common Stock
CASA
$5.24M 0.87%
849,000
-301,000
-26% -$1.59M
2020 Q1
3 quarters
CSGP icon
29
CoStar Group
CSGP
$13.1B
$5.08M 0.85%
55,000
– –
2015 Q4
20 quarters
IMXI icon
30
International Money Express
IMXI
$311M
$4.89M 0.82%
315,000
+250,000
+385% +$3.87M
2019 Q3
5 quarters
EA icon
31
DELISTED
Electronic Arts
EA
$4.88M 0.82%
34,000
– –
2015 Q4
20 quarters
AVO icon
32
Mission Produce
AVO
$1.07B
$4.52M 0.75%
+300,277
New +$4.06M
2020 Q4
0 quarters
BOX icon
33
Box
BOX
$5.43B
$4.51M 0.75%
+250,000
New +$4.35M
2020 Q4
0 quarters
HCA icon
34
HCA Healthcare
HCA
$99.3B
$4.44M 0.74%
27,000
-3,000
-10% -$439K
2015 Q4
20 quarters
NEO icon
35
NeoGenomics
NEO
$2.14B
$4.31M 0.72%
80,000
-10,000
-11% -$452K
2019 Q2
6 quarters
MU icon
36
Micron Technology
MU
$994B
$4.14M 0.69%
55,000
-5,000
-8% -$302K
2015 Q4
20 quarters
EPC icon
37
Edgewell Personal Care
EPC
$1.29B
$4.13M 0.69%
119,313
-149,300
-56% -$4.85M
2019 Q2
6 quarters
BBBY
38
DELISTED
Bed Bath & Beyond Inc
BBBY
$3.91M 0.65%
+220,000
New +$4.56M
2020 Q4
0 quarters
LRN icon
39
Stride
LRN
$3.42B
$3.82M 0.64%
+180,000
New +$4.47M
2020 Q4
0 quarters
MGNI icon
40
Magnite
MGNI
$3.35B
$3.82M 0.64%
124,430
– –
2020 Q2
2 quarters
DBD icon
41
DELISTED
Diebold Nixdorf Incorporated
DBD
$3.79M 0.63%
355,877
-3,771
-1% -$34.3K
2020 Q1
3 quarters
AMG icon
42
Affiliated Managers Group
AMG
$9.9B
$3.76M 0.63%
37,000
-43,340
-54% -$3.74M
2020 Q2
2 quarters
LBTYK icon
43
Liberty Global Class C
LBTYK
$2.62B
$3.49M 0.58%
147,702
-15,000
-9% -$325K
2015 Q4
20 quarters
TTEK icon
44
Tetra Tech
TTEK
$8.89B
$3.47M 0.58%
150,000
-10,000
-6% -$225K
2017 Q1
15 quarters
WEX icon
45
WEX
WEX
$6.2B
$3.4M 0.57%
16,700
– –
2015 Q4
20 quarters
AVTA
46
DELISTED
Avantax, Inc. Common Stock
AVTA
$3.35M 0.56%
210,655
-79,787
-27% -$974K
2020 Q3
1 quarter
PODD icon
47
Insulet
PODD
$9.8B
$3.35M 0.56%
13,100
-1,500
-10% -$372K
2016 Q2
18 quarters
RYAAY icon
48
Ryanair
RYAAY
$27.2B
$3.29M 0.55%
74,888
– –
2015 Q4
20 quarters
WIX icon
49
WIX.com
WIX
$3.14B
$3.12M 0.52%
12,500
– –
2020 Q1
3 quarters
LKQ icon
50
LKQ Corp
LKQ
$5.62B
$3.1M 0.52%
88,000
– –
2015 Q4
20 quarters
1
2
3 4 5

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Formula Growth's Q4 2020 Portfolio in Review

As of Q4 2020, Formula Growth held 166 positions worth $599M, up 12% from $535M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $53.4M in Q4 2020, closing 28 positions and reducing 58 holdings. Its most notable exit was Mr. Cooper, an estimated $10.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Formula Growth opened a new position in Intel worth $9.47M.

  • Formula Growth's largest Q4 2020 buy was Intel: 190,000 shares worth $9.47M.
  • Formula Growth added most to MillerKnoll in Q4 2020, an estimated $10M increase.
  • Formula Growth's biggest Q4 2020 reduction was Nuance Communications, Inc., cutting an estimated $10.3M.
  • Formula Growth fully exited Mr. Cooper in Q4 2020, selling an estimated $10.1M.
  • Formula Growth's ten largest holdings make up 32% of its $599M portfolio in Q4 2020.
  • Formula Growth opened 18 new positions and closed 28 in Q4 2020.
  • Formula Growth's portfolio value rose 12% quarter-over-quarter to $599M.

Based on Formula Growth's 13F filing for Q4 2020, filed 12 Feb 2021.