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FG

Formula Growth Portfolio holdings

AUM $284M Turnover 33.14%
1-Year Est. Return 54.56%
This Fund
S&P 500
This Quarter Est. Return
-26.15%
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
$522M
AUM Growth
-$271M
Cap. Flow
-$21.8M
Cap. Flow %
-4.17%
Top 10 Hldgs %
33.67%
Holding
174
New
35
Increased
26
Reduced
45
Closed
22
Avg Time Held Equity + Options
1.8 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
1 year
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
1 year

Top Buys

Rank Stock Value
1
TOL icon
Toll Brothers
TOL
+$21.5M
2
NSP icon
Insperity
NSP
+$21.1M
3
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$19.5M
4
THS icon
Treehouse Foods
THS
+$17.8M
5
EPC icon
Edgewell Personal Care
EPC
+$11.3M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$24.1M
2
INST icon
Instructure, Inc.
INST
+$22.3M
3
MIC icon
Macquarie Infrastructure Holdings, LLC
MIC
+$19M
4
GDOT icon
Green Dot
GDOT
+$16.5M
5
AAL icon
American Airlines Group
AAL
+$12.9M

Sector Composition

Rank Sector Weight
1 Technology 32.28%
2 Industrials 18.35%
3 Consumer Discretionary 11.66%
4 Consumer Staples 10.14%
5 Communication Services 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EEFT icon
76
Euronet Worldwide
EEFT
$2.43B
$1.59M 0.3%
18,500
– –
2015 Q4
17 quarters
HUCK icon
77
Huckleberry.ai, Inc. Class B Common Stock
HUCK
$145M
$1.49M 0.29%
+150,000
New +$3.02M
2020 Q1
0 quarters
DBD icon
78
DELISTED
Diebold Nixdorf Incorporated
DBD
$1.47M 0.28%
+418,443
New +$3.54M
2020 Q1
0 quarters
FIS icon
79
Fidelity National Information Services
FIS
$18.6B
$1.47M 0.28%
12,073
– –
2019 Q3
2 quarters
CWST icon
80
Casella Waste Systems
CWST
$5.6B
$1.46M 0.28%
37,500
-3,000
-7% -$145K
2017 Q4
9 quarters
TRHC
81
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$1.46M 0.28%
28,000
– –
2017 Q4
9 quarters
REZI icon
82
Resideo Technologies
REZI
$2.5B
$1.45M 0.28%
300,000
– –
2019 Q4
1 quarter
DLB icon
83
Dolby
DLB
$5.62B
$1.41M 0.27%
26,000
– –
2018 Q2
7 quarters
CSII
84
DELISTED
Cardiovascular Systems, Inc.
CSII
$1.4M 0.27%
39,722
-10,000
-20% -$422K
2015 Q4
17 quarters
PETQ icon
85
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$1.39M 0.27%
60,000
– –
2018 Q3
6 quarters
FN icon
86
Fabrinet
FN
$13B
$1.33M 0.26%
24,400
– –
2017 Q2
11 quarters
IAA
87
DELISTED
IAA, Inc. Common Stock
IAA
$1.31M 0.25%
43,700
– –
2019 Q2
3 quarters
PANW icon
88
Palo Alto Networks
PANW
$280B
$1.23M 0.24%
44,886
– –
2016 Q2
15 quarters
CERS icon
89
Cerus
CERS
$439M
$1.22M 0.23%
262,290
+52,290
+25% +$237K
2018 Q1
8 quarters
KRNT icon
90
Kornit Digital
KRNT
$729M
$1.2M 0.23%
48,000
-22,000
-31% -$824K
2017 Q3
10 quarters
NTES icon
91
NetEase
NTES
$80.7B
$1.17M 0.22%
18,255
-7,100
-28% -$467K
2018 Q4
5 quarters
EFOR icon
92
Everforth Inc
EFOR
$1.57B
$1.17M 0.22%
33,043
– –
2018 Q2
7 quarters
SAH icon
93
Sonic Automotive
SAH
$2.01B
$1.06M 0.2%
80,000
+20,000
+33% +$522K
2015 Q4
17 quarters
NVEE icon
94
DELISTED
NV5 Global
NVEE
$1.03M 0.2%
100,000
– –
2016 Q2
15 quarters
WIX icon
95
WIX.com
WIX
$3.14B
$1.01M 0.19%
+10,000
New +$1.31M
2020 Q1
0 quarters
WIFI
96
DELISTED
Boingo Wireless, Inc.
WIFI
$1.01M 0.19%
95,000
-40,000
-30% -$464K
2017 Q2
11 quarters
STAA icon
97
STAAR Surgical
STAA
$1.07B
$968K 0.19%
30,000
– –
2019 Q1
4 quarters
EXAS icon
98
DELISTED
Exact Sciences
EXAS
$963K 0.18%
16,600
– –
2016 Q2
15 quarters
SIRI icon
99
SiriusXM
SIRI
$9.09B
$960K 0.18%
19,440
– –
2019 Q1
4 quarters
FCFS icon
100
FirstCash
FCFS
$9.34B
$933K 0.18%
13,000
-5,000
-28% -$405K
2015 Q4
17 quarters
2 3
4
5 6

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Formula Growth's Q1 2020 Portfolio in Review

As of Q1 2020, Formula Growth held 174 positions worth $522M, down 34% from $793M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $21.8M in Q1 2020, closing 22 positions and reducing 45 holdings. Its most notable exit was Instructure, Inc., an estimated $22.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Toll Brothers worth $10.9M.

  • Formula Growth's largest Q1 2020 buy was Toll Brothers: 567,579 shares worth $10.9M.
  • Formula Growth added most to Treehouse Foods in Q1 2020, an estimated $17.8M increase.
  • Formula Growth's biggest Q1 2020 reduction was Uber, cutting an estimated $24.1M.
  • Formula Growth fully exited Instructure, Inc. in Q1 2020, selling an estimated $22.3M.
  • Formula Growth's ten largest holdings make up 34% of its $522M portfolio in Q1 2020.
  • Formula Growth opened 35 new positions and closed 22 in Q1 2020.
  • Formula Growth's portfolio value fell 34% quarter-over-quarter to $522M.

Based on Formula Growth's 13F filing for Q1 2020, filed 14 May 2020.