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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
-0.39%
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
$871M
AUM Growth
-$42.1M
Cap. Flow
-$34.6M
Cap. Flow %
-3.97%
Top 10 Hldgs %
31.47%
Holding
164
New
17
Increased
23
Reduced
52
Closed
21

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$16.3M
2
AMG icon
Affiliated Managers Group
AMG
+$14.6M
3
DBX icon
Dropbox
DBX
+$14.5M
4
INFN
Infinera Corporation Common Stock
INFN
+$11M
5
GAP
The Gap Inc
GAP
+$10.5M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$21.3M
2
FDC
First Data Corporation
FDC
+$14.5M
3
QCOM icon
Qualcomm
QCOM
+$14M
4
TPC
Tutor Perini Cor
TPC
+$10.8M
5
AMD icon
Advanced Micro Devices
AMD
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 24.92%
2 Technology 23.5%
3 Consumer Discretionary 11.56%
4 Energy 10.29%
5 Materials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WIFI
51
DELISTED
Boingo Wireless, Inc.
WIFI
$4.01M 0.46%
115,000
-5,000
-4% -$145K
RNG icon
52
RingCentral
RNG
$5.79B
$3.85M 0.44%
41,381
-15,000
-27% -$1.29M
WKC icon
53
World Kinect Corp
WKC
$1.81B
$3.8M 0.44%
137,342
-381,190
-74% -$9.79M
EVH icon
54
Evolent Health
EVH
$520M
$3.52M 0.4%
124,025
-892,882
-88% -$21.3M
HMSY
55
DELISTED
HMS Holdings Corp.
HMSY
$3.5M 0.4%
106,571
– –
TDOC icon
56
Teladoc Health
TDOC
$1.18B
$3.26M 0.37%
37,718
-7,600
-17% -$542K
PODD icon
57
Insulet
PODD
$10.1B
$3.24M 0.37%
30,600
-2,500
-8% -$234K
CSGP icon
58
CoStar Group
CSGP
$13.1B
$3.16M 0.36%
75,000
– –
ULTI
59
DELISTED
Ultimate Software Group Inc
ULTI
$3M 0.34%
9,300
– –
DMRC icon
60
Digimarc Corp
DMRC
$135M
$2.98M 0.34%
94,880
-58,212
-38% -$1.71M
WEX icon
61
WEX
WEX
$6.72B
$2.95M 0.34%
14,700
-2,500
-15% -$479K
CMPR icon
62
Cimpress
CMPR
$2.17B
$2.91M 0.33%
21,300
– –
RYAAY icon
63
Ryanair
RYAAY
$29.1B
$2.88M 0.33%
74,888
– –
MEI icon
64
Methode Electronics
MEI
$646M
$2.82M 0.32%
77,885
– –
EXAS
65
DELISTED
Exact Sciences
EXAS
$2.8M 0.32%
35,500
-7,000
-16% -$456K
TTEK icon
66
Tetra Tech
TTEK
$9.36B
$2.73M 0.31%
200,000
-10,000
-5% -$132K
MU icon
67
Micron Technology
MU
$1.05T
$2.71M 0.31%
60,000
– –
UPLD icon
68
Upland Software
UPLD
$13.9M
$2.69M 0.31%
8,320
– –
SIEN
69
DELISTED
Sientra, Inc.
SIEN
$2.63M 0.3%
11,000
-2,000
-15% -$439K
NVEE
70
DELISTED
NV5 Global
NVEE
$2.6M 0.3%
120,000
-24,000
-17% -$495K
AX icon
71
Axos Financial
AX
$5.55B
$2.59M 0.3%
75,191
– –
SAVE
72
DELISTED
Spirit Airlines, Inc.
SAVE
$2.58M 0.3%
55,000
– –
STGW icon
73
Stagwell
STGW
$2.14B
$2.54M 0.29%
611,242
-220,000
-26% -$1.08M
RRGB icon
74
Red Robin
RRGB
$176M
$2.38M 0.27%
+59,330
New +$2.52M
OPLN
75
Openlane
OPLN
$4.28B
$2.31M 0.27%
102,245
– –
1 2
3
4 5

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Formula Growth's Q3 2018 Portfolio in Review

As of Q3 2018, Formula Growth held 164 positions worth $871M, down 4.6% from $913M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Formula Growth withdrew a net $34.6M in Q3 2018, closing 21 positions and reducing 52 holdings. Its most notable exit was First Data Corporation, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in eBay worth $15.5M.

  • Formula Growth's largest Q3 2018 buy was eBay: 470,000 shares worth $15.5M.
  • Formula Growth added most to Affiliated Managers Group in Q3 2018, an estimated $14.6M increase.
  • Formula Growth's biggest Q3 2018 reduction was Evolent Health, cutting an estimated $21.3M.
  • Formula Growth fully exited First Data Corporation in Q3 2018, selling an estimated $14.5M.
  • Formula Growth's ten largest holdings make up 31% of its $871M portfolio in Q3 2018.
  • Formula Growth opened 17 new positions and closed 21 in Q3 2018.
  • Formula Growth's portfolio value fell 4.6% quarter-over-quarter to $871M.

Based on Formula Growth's 13F filing for Q3 2018, filed 14 Nov 2018.