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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
+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

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
TTEK icon
51
Tetra Tech
TTEK
$9.36B
$3.06M 0.57%
160,000
– –
MU icon
52
Micron Technology
MU
$1.05T
$2.82M 0.53%
60,000
– –
SHOO icon
53
Steven Madden
SHOO
$3.24B
$2.8M 0.52%
+143,683
New +$3.09M
PINS icon
54
Pinterest
PINS
$13.1B
$2.78M 0.52%
67,000
-470,000
-88% -$15.3M
DBD
55
DELISTED
Diebold Nixdorf Incorporated
DBD
$2.75M 0.51%
359,648
-388,795
-52% -$2.86M
AVTA
56
DELISTED
Avantax, Inc. Common Stock
AVTA
$2.74M 0.51%
+290,442
New +$3.21M
ICFI icon
57
ICF International
ICFI
$1.62B
$2.67M 0.5%
+43,418
New +$2.88M
PLTR icon
58
Palantir
PLTR
$448B
$2.45M 0.46%
+258,000
New +$2.45M
RYAAY icon
59
Ryanair
RYAAY
$29.1B
$2.45M 0.46%
74,888
– –
LKQ icon
60
LKQ Corp
LKQ
$6.46B
$2.44M 0.46%
88,000
-5,000
-5% -$147K
VCYT icon
61
Veracyte
VCYT
$3.48B
$2.44M 0.46%
75,000
– –
MLKN icon
62
MillerKnoll
MLKN
$1.58B
$2.41M 0.45%
+80,000
New +$1.98M
VECO icon
63
Veeco
VECO
$2.71B
$2.39M 0.45%
+205,000
New +$2.61M
WEX icon
64
WEX
WEX
$6.72B
$2.32M 0.43%
16,700
– –
IAA
65
DELISTED
IAA, Inc. Common Stock
IAA
$2.27M 0.43%
43,700
– –
UPLD icon
66
Upland Software
UPLD
$13.9M
$2.26M 0.42%
5,990
– –
EFOR
67
Everforth Inc
EFOR
$1.31B
$2.23M 0.42%
35,043
– –
MEI icon
68
Methode Electronics
MEI
$646M
$2.22M 0.42%
77,885
– –
CNK icon
69
Cinemark Holdings
CNK
$4.17B
$2.21M 0.41%
+221,530
New +$2.76M
HMSY
70
DELISTED
HMS Holdings Corp.
HMSY
$2.18M 0.41%
91,071
– –
META icon
71
Meta Platforms (Facebook)
META
$1.47T
$2.1M 0.39%
8,000
-1,000
-11% -$258K
KIDS icon
72
OrthoPediatrics
KIDS
$617M
$2.07M 0.39%
45,000
– –
ZEN
73
DELISTED
ZENDESK INC
ZEN
$2M 0.37%
19,450
-30,550
-61% -$2.86M
PETQ
74
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$1.98M 0.37%
60,000
– –
LI icon
75
Li Auto
LI
$12B
$1.94M 0.36%
+111,495
New +$1.86M
1 2
3
4 5

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VWM
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CA
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1W
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WMA
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CWA
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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.