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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
+40.71%
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
$591M
AUM Growth
+$69.5M
Cap. Flow
-$94M
Cap. Flow %
-15.91%
Top 10 Hldgs %
34.34%
Holding
181
New
29
Increased
14
Reduced
39
Closed
39

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$10.9M
2
CLDR
Cloudera, Inc.
CLDR
+$8.41M
3
ALLY icon
Ally Financial
ALLY
+$7.66M
4
VIRT icon
Virtu Financial
VIRT
+$7.09M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$6.05M

Top Sells

Rank Stock Value
1
OC icon
Owens Corning
OC
+$13.8M
2
GDOT icon
Green Dot
GDOT
+$12.8M
3
META icon
Meta Platforms (Facebook)
META
+$12.6M
4
TOL icon
Toll Brothers
TOL
+$10.9M
5
BLDR icon
Builders FirstSource
BLDR
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 39.34%
2 Industrials 12.35%
3 Communication Services 9.7%
4 Healthcare 9.09%
5 Consumer Staples 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAUR icon
51
Laureate Education
LAUR
$5.34B
$3.32M 0.56%
+333,111
New +$3.22M
WIX icon
52
WIX.com
WIX
$3.67B
$3.2M 0.54%
12,500
+2,500
+25% +$443K
CARS icon
53
Cars.com
CARS
$639M
$3.2M 0.54%
555,000
-150,000
-21% -$829K
MU icon
54
Micron Technology
MU
$1.05T
$3.09M 0.52%
60,000
– –
BABA icon
55
Alibaba
BABA
$296B
$2.97M 0.5%
13,752
-3,895
-22% -$811K
HMSY
56
DELISTED
HMS Holdings Corp.
HMSY
$2.95M 0.5%
91,071
– –
NEO icon
57
NeoGenomics
NEO
$2.32B
$2.94M 0.5%
95,000
– –
HCA icon
58
HCA Healthcare
HCA
$90.5B
$2.91M 0.49%
30,000
– –
PODD icon
59
Insulet
PODD
$10.1B
$2.84M 0.48%
14,600
– –
KNL
60
DELISTED
Knoll, Inc.
KNL
$2.8M 0.47%
+230,000
New +$2.53M
WEX icon
61
WEX
WEX
$6.72B
$2.76M 0.47%
16,700
– –
PDD icon
62
Pinduoduo
PDD
$122B
$2.65M 0.45%
+30,830
New +$1.85M
KRNT icon
63
Kornit Digital
KRNT
$718M
$2.56M 0.43%
48,000
– –
SAH icon
64
Sonic Automotive
SAH
$2.52B
$2.55M 0.43%
80,000
– –
IRDM icon
65
Iridium Communications
IRDM
$4.94B
$2.54M 0.43%
+100,000
New +$2.34M
TTEK icon
66
Tetra Tech
TTEK
$9.36B
$2.53M 0.43%
160,000
– –
JD icon
67
JD.com
JD
$38.8B
$2.46M 0.42%
40,962
-13,040
-24% -$660K
LKQ icon
68
LKQ Corp
LKQ
$6.46B
$2.44M 0.41%
93,000
– –
MEI icon
69
Methode Electronics
MEI
$646M
$2.44M 0.41%
77,885
– –
EFOR
70
Everforth Inc
EFOR
$1.31B
$2.34M 0.4%
35,043
+2,000
+6% +$106K
TDOC icon
71
Teladoc Health
TDOC
$1.18B
$2.32M 0.39%
12,138
-12,800
-51% -$2.24M
SE icon
72
Sea Limited
SE
$73.1B
$2.22M 0.38%
20,695
-27,435
-57% -$1.99M
KEX icon
73
Kirby Corp
KEX
$7.34B
$2.19M 0.37%
40,960
-130,000
-76% -$6.64M
EGIO
74
DELISTED
Edgio, Inc. Common Stock
EGIO
$2.1M 0.35%
7,125
– –
PETQ
75
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$2.09M 0.35%
60,000
– –
1 2
3
4 5

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WMA
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CWA
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Formula Growth's Q2 2020 Portfolio in Review

As of Q2 2020, Formula Growth held 181 positions worth $591M, up 13% from $522M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $94M in Q2 2020, closing 39 positions and reducing 39 holdings. Its most notable exit was Toll Brothers, an estimated $10.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Formula Growth opened a new position in Bausch Health worth $11.3M.

  • Formula Growth's largest Q2 2020 buy was Bausch Health: 620,000 shares worth $11.3M.
  • Formula Growth added most to Cornerstone OnDemand, Inc. in Q2 2020, an estimated $6.05M increase.
  • Formula Growth's biggest Q2 2020 reduction was Owens Corning, cutting an estimated $13.8M.
  • Formula Growth fully exited Toll Brothers in Q2 2020, selling an estimated $10.9M.
  • Formula Growth's ten largest holdings make up 34% of its $591M portfolio in Q2 2020.
  • Formula Growth opened 29 new positions and closed 39 in Q2 2020.
  • Formula Growth's portfolio value rose 13% quarter-over-quarter to $591M.

Based on Formula Growth's 13F filing for Q2 2020, filed 13 Aug 2020.