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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
GDOT icon
76
Green Dot
GDOT
$760M
$1.93M 0.36%
38,190
+5,500
+17% +$282K
NIO icon
77
NIO
NIO
$10.9B
$1.9M 0.36%
+89,685
New +$1.38M
EXAS
78
DELISTED
Exact Sciences
EXAS
$1.9M 0.35%
18,600
+2,000
+12% +$173K
IVC
79
DELISTED
Invacare Corporation
IVC
$1.88M 0.35%
+250,000
New +$1.73M
KEX icon
80
Kirby Corp
KEX
$7.34B
$1.87M 0.35%
51,745
+10,785
+26% +$475K
CWST icon
81
Casella Waste Systems
CWST
$5.96B
$1.87M 0.35%
33,500
– –
MODV
82
DELISTED
ModivCare
MODV
$1.86M 0.35%
20,000
+5,000
+33% +$433K
TDOC icon
83
Teladoc Health
TDOC
$1.18B
$1.85M 0.35%
8,438
-3,700
-30% -$784K
PANW icon
84
Palo Alto Networks
PANW
$303B
$1.83M 0.34%
44,886
– –
CSTE icon
85
Caesarstone
CSTE
$109M
$1.8M 0.34%
+184,149
New +$1.99M
FIS icon
86
Fidelity National Information Services
FIS
$21.4B
$1.78M 0.33%
12,073
– –
PAGS icon
87
PagSeguro Digital
PAGS
$2.45B
$1.74M 0.33%
46,114
-338,073
-88% -$13.1M
ASAN icon
88
Asana
ASAN
$2.35B
$1.73M 0.32%
+60,000
New +$1.73M
DLB icon
89
Dolby
DLB
$5.76B
$1.72M 0.32%
26,000
– –
CDNA icon
90
CareDx
CDNA
$2.58B
$1.71M 0.32%
45,000
+10,000
+29% +$338K
EEFT icon
91
Euronet Worldwide
EEFT
$2.62B
$1.69M 0.32%
18,500
– –
EVH icon
92
Evolent Health
EVH
$520M
$1.68M 0.31%
135,025
-1,468,905
-92% -$17.3M
TNDM icon
93
Tandem Diabetes Care
TNDM
$1.49B
$1.65M 0.31%
14,500
– –
CERS icon
94
Cerus
CERS
$534M
$1.64M 0.31%
262,290
– –
UBER icon
95
Uber
UBER
$161B
$1.64M 0.31%
45,000
– –
EGIO
96
DELISTED
Edgio, Inc. Common Stock
EGIO
$1.64M 0.31%
7,125
– –
DDD icon
97
3D Systems Corp
DDD
$545M
$1.59M 0.3%
+324,330
New +$1.92M
NVEE
98
DELISTED
NV5 Global
NVEE
$1.58M 0.3%
120,000
+20,000
+20% +$267K
CSII
99
DELISTED
Cardiovascular Systems, Inc.
CSII
$1.56M 0.29%
39,722
– –
FN icon
100
Fabrinet
FN
$14.8B
$1.54M 0.29%
24,400
– –
2 3
4
5 6

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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.