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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
-23.08%
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
$608M
AUM Growth
-$263M
Cap. Flow
-$68.8M
Cap. Flow %
-11.31%
Top 10 Hldgs %
31.94%
Holding
165
New
22
Increased
19
Reduced
38
Closed
26

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$18.2M
2
MAS icon
Masco
MAS
+$12.1M
3
AAL icon
American Airlines Group
AAL
+$12M
4
OC icon
Owens Corning
OC
+$11.2M
5
KOP icon
Koppers
KOP
+$8.74M

Top Sells

Rank Stock Value
1
AUY
Yamana Gold, Inc.
AUY
+$22M
2
REI icon
Ring Energy
REI
+$19.3M
3
SPN
Superior Energy Services, Inc.
SPN
+$16.9M
4
WCC
WESCO International
WCC
+$14.8M
5
FNSR
Finisar Corp
FNSR
+$13.2M

Sector Composition

Rank Sector Weight
1 Industrials 31.81%
2 Technology 25.05%
3 Consumer Discretionary 12.1%
4 Materials 6.4%
5 Communication Services 6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWLO icon
101
Twilio
TWLO
$36.5B
$1.1M 0.18%
12,312
-7,500
-38% -$609K
P
102
DELISTED
Pandora Media Inc
P
$1.09M 0.18%
135,000
-315,000
-70% -$2.72M
TAST
103
DELISTED
Carrols Restaurant Group, Inc.
TAST
$1.03M 0.17%
105,030
– –
INGN icon
104
Inogen
INGN
$146M
$1M 0.17%
8,088
– –
WP
105
DELISTED
Worldpay, Inc.
WP
$994K 0.16%
13,000
– –
VG
106
DELISTED
Vonage Holdings Corporation
VG
$971K 0.16%
111,220
– –
JAZZ icon
107
Jazz Pharmaceuticals
JAZZ
$15.9B
$967K 0.16%
7,800
– –
CTLP
108
DELISTED
Cantaloupe
CTLP
$952K 0.16%
244,789
– –
AMG icon
109
Affiliated Managers Group
AMG
$9.59B
$949K 0.16%
9,737
-99,100
-91% -$11.2M
VCYT icon
110
Veracyte
VCYT
$3.48B
$944K 0.16%
75,000
– –
UEIC icon
111
Universal Electronics
UEIC
$58.2M
$937K 0.15%
37,055
– –
JBHT icon
112
JB Hunt Transport Services
JBHT
$24.5B
$930K 0.15%
10,000
– –
CARS icon
113
Cars.com
CARS
$639M
$928K 0.15%
43,172
– –
LMAT icon
114
LeMaitre Vascular
LMAT
$1.84B
$898K 0.15%
38,000
– –
VIPS icon
115
Vipshop
VIPS
$6.42B
$864K 0.14%
+158,295
New +$852K
QTNA
116
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
$861K 0.14%
60,000
– –
GTT
117
DELISTED
GTT Communications, Inc.
GTT
$852K 0.14%
36,000
– –
SENS icon
118
Senseonics Holdings Inc
SENS
$493M
$842K 0.14%
16,250
-1,500
-8% -$100K
SAH icon
119
Sonic Automotive
SAH
$2.52B
$826K 0.14%
60,000
– –
GSHD icon
120
Goosehead Insurance
GSHD
$1.7B
$823K 0.14%
+31,318
New +$872K
CY
121
DELISTED
Cypress Semiconductor
CY
$798K 0.13%
62,741
– –
KIN
122
DELISTED
Kindred Biosciences, Inc.
KIN
$767K 0.13%
+70,000
New +$882K
CBM
123
DELISTED
Cambrex Corporation
CBM
$745K 0.12%
19,727
– –
PGTI
124
DELISTED
PGT, Inc.
PGTI
$713K 0.12%
45,000
– –
SINA
125
DELISTED
Sina Corp
SINA
$706K 0.12%
+13,160
New +$813K
3 4
5
6 7

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Formula Growth's Q4 2018 Portfolio in Review

As of Q4 2018, Formula Growth held 165 positions worth $608M, down 30% from $871M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $68.8M in Q4 2018, closing 26 positions and reducing 38 holdings. Its most notable exit was Yamana Gold, Inc., an estimated $22M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in First Data Corporation worth $15.8M.

  • Formula Growth's largest Q4 2018 buy was First Data Corporation: 935,000 shares worth $15.8M.
  • Formula Growth added most to Owens Corning in Q4 2018, an estimated $11.2M increase.
  • Formula Growth's biggest Q4 2018 reduction was Ring Energy, cutting an estimated $19.3M.
  • Formula Growth fully exited Yamana Gold, Inc. in Q4 2018, selling an estimated $22M.
  • Formula Growth's ten largest holdings make up 32% of its $608M portfolio in Q4 2018.
  • Formula Growth opened 22 new positions and closed 26 in Q4 2018.
  • Formula Growth's portfolio value fell 30% quarter-over-quarter to $608M.

Based on Formula Growth's 13F filing for Q4 2018, filed 14 Feb 2019.