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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
UPLD icon
76
Upland Software
UPLD
$13.9M
$2.08M 0.35%
5,990
– –
META icon
77
Meta Platforms (Facebook)
META
$1.47T
$2.04M 0.35%
9,000
-60,487
-87% -$12.6M
RYAAY icon
78
Ryanair
RYAAY
$29.1B
$1.99M 0.34%
74,888
– –
KIDS icon
79
OrthoPediatrics
KIDS
$617M
$1.97M 0.33%
45,000
– –
VCYT icon
80
Veracyte
VCYT
$3.48B
$1.94M 0.33%
75,000
– –
EEFT icon
81
Euronet Worldwide
EEFT
$2.62B
$1.77M 0.3%
18,500
– –
CWST icon
82
Casella Waste Systems
CWST
$5.96B
$1.75M 0.3%
33,500
-4,000
-11% -$191K
CERS icon
83
Cerus
CERS
$534M
$1.73M 0.29%
262,290
– –
PANW icon
84
Palo Alto Networks
PANW
$303B
$1.72M 0.29%
44,886
– –
DLB icon
85
Dolby
DLB
$5.76B
$1.71M 0.29%
26,000
– –
IAA
86
DELISTED
IAA, Inc. Common Stock
IAA
$1.69M 0.29%
43,700
– –
FIS icon
87
Fidelity National Information Services
FIS
$21.4B
$1.62M 0.27%
12,073
– –
GDOT icon
88
Green Dot
GDOT
$760M
$1.6M 0.27%
32,690
-377,270
-92% -$12.8M
KMPR icon
89
Kemper
KMPR
$1.65B
$1.58M 0.27%
21,806
-2,500
-10% -$167K
TRHC
90
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$1.53M 0.26%
28,000
– –
FN icon
91
Fabrinet
FN
$14.8B
$1.52M 0.26%
24,400
– –
STAA icon
92
STAAR Surgical
STAA
$1.11B
$1.48M 0.25%
24,000
-6,000
-20% -$245K
NTES icon
93
NetEase
NTES
$78.6B
$1.47M 0.25%
17,105
-1,150
-6% -$86.6K
OLLI icon
94
Ollie's Bargain Outlet
OLLI
$4.38B
$1.47M 0.25%
15,000
– –
EXAS
95
DELISTED
Exact Sciences
EXAS
$1.44M 0.24%
16,600
– –
TNDM icon
96
Tandem Diabetes Care
TNDM
$1.49B
$1.43M 0.24%
14,500
+5,000
+53% +$399K
PS
97
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$1.43M 0.24%
79,133
– –
UBER icon
98
Uber
UBER
$161B
$1.4M 0.24%
45,000
-304,135
-87% -$9.48M
NVEE
99
DELISTED
NV5 Global
NVEE
$1.27M 0.22%
100,000
– –
CSII
100
DELISTED
Cardiovascular Systems, Inc.
CSII
$1.25M 0.21%
39,722
– –
2 3
4
5 6

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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.