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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
ORBC
76
DELISTED
ORBCOMM, Inc.
ORBC
$2.29M 0.26%
211,000
+20,000
+10% +$212K
TRHC
77
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$2.27M 0.26%
28,000
-8,000
-22% -$586K
PANW icon
78
Palo Alto Networks
PANW
$303B
$2.25M 0.26%
59,886
– –
CASA
79
DELISTED
Casa Systems, Inc. Common Stock
CASA
$2.21M 0.25%
150,000
-230,000
-61% -$3.5M
KMPR icon
80
Kemper
KMPR
$1.65B
$2.12M 0.24%
+26,306
New +$2.06M
TSG
81
DELISTED
The Stars Group Inc.
TSG
$2.11M 0.24%
85,000
– –
EFOR
82
Everforth Inc
EFOR
$1.31B
$2.06M 0.24%
26,043
– –
EEFT icon
83
Euronet Worldwide
EEFT
$2.62B
$2M 0.23%
20,000
– –
VECO icon
84
Veeco
VECO
$2.71B
$2M 0.23%
+195,000
New +$2.44M
INGN icon
85
Inogen
INGN
$146M
$1.97M 0.23%
8,088
-3,000
-27% -$694K
KRNT icon
86
Kornit Digital
KRNT
$718M
$1.97M 0.23%
90,000
– –
PETQ
87
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$1.97M 0.23%
+50,000
New +$1.66M
CSII
88
DELISTED
Cardiovascular Systems, Inc.
CSII
$1.95M 0.22%
49,722
– –
YUMC icon
89
Yum China
YUMC
$15.3B
$1.93M 0.22%
54,925
+37,015
+207% +$1.32M
CWST icon
90
Casella Waste Systems
CWST
$5.96B
$1.86M 0.21%
60,000
– –
AMN icon
91
AMN Healthcare
AMN
$1.34B
$1.77M 0.2%
32,300
-5,000
-13% -$286K
CTLP
92
DELISTED
Cantaloupe
CTLP
$1.76M 0.2%
244,789
– –
HLIT icon
93
Harmonic Inc
HLIT
$1.31B
$1.76M 0.2%
+320,000
New +$1.6M
TCOM icon
94
Trip.com Group
TCOM
$28.6B
$1.74M 0.2%
+46,835
New +$1.9M
FCFS icon
95
FirstCash
FCFS
$9.51B
$1.72M 0.2%
21,000
– –
TWLO icon
96
Twilio
TWLO
$36.5B
$1.71M 0.2%
19,812
-35,000
-64% -$2.56M
SENS icon
97
Senseonics Holdings Inc
SENS
$493M
$1.69M 0.19%
17,750
-4,000
-18% -$327K
HOMB icon
98
Home BancShares
HOMB
$5.93B
$1.64M 0.19%
74,912
– –
TACO
99
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$1.64M 0.19%
138,700
-10,000
-7% -$130K
BIDU icon
100
Baidu
BIDU
$32.9B
$1.63M 0.19%
7,135
+950
+15% +$223K
2 3
4
5 6

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1W
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WMA
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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.