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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
-23.08%
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
$608M
AUM Growth
-$263M
Cap. Flow
-$68.8M
Cap. Flow %
-11.31%
Top 10 Hldgs %
31.94%
Holding
165
New
22
Increased
19
Reduced
38
Closed
26

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$18.2M
2
MAS icon
Masco
MAS
+$12.1M
3
AAL icon
American Airlines Group
AAL
+$12M
4
OC icon
Owens Corning
OC
+$11.2M
5
KOP icon
Koppers
KOP
+$8.74M

Top Sells

Rank Stock Value
1
AUY
Yamana Gold, Inc.
AUY
+$22M
2
REI icon
Ring Energy
REI
+$19.3M
3
SPN
Superior Energy Services, Inc.
SPN
+$16.9M
4
WCC
WESCO International
WCC
+$14.8M
5
FNSR
Finisar Corp
FNSR
+$13.2M

Sector Composition

Rank Sector Weight
1 Industrials 31.81%
2 Technology 25.05%
3 Consumer Discretionary 12.1%
4 Materials 6.4%
5 Communication Services 6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRAY
51
DELISTED
Cray, Inc.
CRAY
$2.54M 0.42%
117,752
-213,000
-64% -$4.82M
EVH icon
52
Evolent Health
EVH
$520M
$2.47M 0.41%
124,025
– –
WIFI
53
DELISTED
Boingo Wireless, Inc.
WIFI
$2.37M 0.39%
115,000
– –
ULTI
54
DELISTED
Ultimate Software Group Inc
ULTI
$2.28M 0.37%
9,300
– –
EXAS
55
DELISTED
Exact Sciences
EXAS
$2.24M 0.37%
35,500
– –
CMPR icon
56
Cimpress
CMPR
$2.17B
$2.2M 0.36%
21,300
– –
MAXR
57
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
$2.15M 0.35%
+180,000
New +$3.66M
RYAAY icon
58
Ryanair
RYAAY
$29.1B
$2.14M 0.35%
74,888
– –
WEX icon
59
WEX
WEX
$6.72B
$2.06M 0.34%
14,700
– –
EEFT icon
60
Euronet Worldwide
EEFT
$2.62B
$2.05M 0.34%
20,000
– –
PODD icon
61
Insulet
PODD
$10.1B
$2.03M 0.33%
25,600
-5,000
-16% -$423K
CSGP icon
62
CoStar Group
CSGP
$13.1B
$2.02M 0.33%
60,000
-15,000
-20% -$548K
UPLD icon
63
Upland Software
UPLD
$13.9M
$1.99M 0.33%
7,320
-1,000
-12% -$300K
CWH icon
64
Camping World
CWH
$417M
$1.97M 0.32%
171,445
-304,751
-64% -$5.4M
TTEK icon
65
Tetra Tech
TTEK
$9.36B
$1.94M 0.32%
187,500
-12,500
-6% -$155K
MU icon
66
Micron Technology
MU
$1.05T
$1.9M 0.31%
60,000
– –
AX icon
67
Axos Financial
AX
$5.55B
$1.89M 0.31%
75,191
– –
PANW icon
68
Palo Alto Networks
PANW
$303B
$1.88M 0.31%
59,886
– –
NTES icon
69
NetEase
NTES
$78.6B
$1.85M 0.31%
+39,390
New +$1.78M
OPLN
70
Openlane
OPLN
$4.28B
$1.85M 0.3%
102,245
– –
AMN icon
71
AMN Healthcare
AMN
$1.34B
$1.83M 0.3%
32,300
– –
NVEE
72
DELISTED
NV5 Global
NVEE
$1.82M 0.3%
120,000
– –
TRHC
73
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$1.78M 0.29%
28,000
– –
KRNT icon
74
Kornit Digital
KRNT
$718M
$1.78M 0.29%
95,000
+5,000
+6% +$97.9K
KMPR icon
75
Kemper
KMPR
$1.65B
$1.75M 0.29%
26,306
– –
1 2
3
4 5

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WMA
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CWA
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Formula Growth's Q4 2018 Portfolio in Review

As of Q4 2018, Formula Growth held 165 positions worth $608M, down 30% from $871M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $68.8M in Q4 2018, closing 26 positions and reducing 38 holdings. Its most notable exit was Yamana Gold, Inc., an estimated $22M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in First Data Corporation worth $15.8M.

  • Formula Growth's largest Q4 2018 buy was First Data Corporation: 935,000 shares worth $15.8M.
  • Formula Growth added most to Owens Corning in Q4 2018, an estimated $11.2M increase.
  • Formula Growth's biggest Q4 2018 reduction was Ring Energy, cutting an estimated $19.3M.
  • Formula Growth fully exited Yamana Gold, Inc. in Q4 2018, selling an estimated $22M.
  • Formula Growth's ten largest holdings make up 32% of its $608M portfolio in Q4 2018.
  • Formula Growth opened 22 new positions and closed 26 in Q4 2018.
  • Formula Growth's portfolio value fell 30% quarter-over-quarter to $608M.

Based on Formula Growth's 13F filing for Q4 2018, filed 14 Feb 2019.