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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
BLDR icon
101
Builders FirstSource
BLDR
$7.29B
$1.5M 0.28%
46,134
-215,517
-82% -$5.85M
KMPR icon
102
Kemper
KMPR
$1.65B
$1.46M 0.27%
21,806
– –
STAA icon
103
STAAR Surgical
STAA
$1.11B
$1.36M 0.25%
24,000
– –
PS
104
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$1.36M 0.25%
79,133
– –
QTRX icon
105
Quanterix
QTRX
$125M
$1.35M 0.25%
40,000
– –
OPLN
106
Openlane
OPLN
$4.28B
$1.31M 0.25%
91,089
-160,607
-64% -$2.51M
JBHT icon
107
JB Hunt Transport Services
JBHT
$24.5B
$1.26M 0.24%
10,000
– –
LPRO
108
DELISTED
Open Lending Corp
LPRO
$1.15M 0.21%
+45,000
New +$876K
HOMB icon
109
Home BancShares
HOMB
$5.93B
$1.14M 0.21%
74,912
– –
BOOT icon
110
Boot Barn
BOOT
$4.69B
$1.13M 0.21%
40,000
– –
JAZZ icon
111
Jazz Pharmaceuticals
JAZZ
$15.9B
$1.11M 0.21%
7,800
– –
CNTY icon
112
Century Casinos
CNTY
$35.7M
$1.1M 0.21%
200,000
+30,000
+18% +$155K
AHCO icon
113
AdaptHealth
AHCO
$772M
$1.09M 0.2%
+50,000
New +$1.05M
TTEC icon
114
TTEC Holdings
TTEC
$69M
$1.09M 0.2%
20,000
– –
OLLI icon
115
Ollie's Bargain Outlet
OLLI
$4.38B
$1.05M 0.2%
12,000
-3,000
-20% -$293K
SIRI icon
116
SiriusXM
SIRI
$9.62B
$1.04M 0.19%
19,440
– –
MIME
117
DELISTED
Mimecast Limited
MIME
$1.03M 0.19%
22,000
– –
EAF icon
118
GrafTech
EAF
$193M
$1.03M 0.19%
+15,000
New +$1.05M
CARS icon
119
Cars.com
CARS
$639M
$988K 0.18%
122,227
-432,773
-78% -$3.36M
CRNC icon
120
Cerence
CRNC
$384M
$977K 0.18%
19,989
-5,000
-20% -$240K
INMD icon
121
InMode
INMD
$855M
$974K 0.18%
+53,852
New +$883K
IMXI icon
122
International Money Express
IMXI
$437M
$934K 0.17%
65,000
-10,000
-13% -$153K
AX icon
123
Axos Financial
AX
$5.55B
$924K 0.17%
39,624
-202,751
-84% -$4.63M
SMAR
124
DELISTED
Smartsheet Inc.
SMAR
$899K 0.17%
18,190
– –
MCS icon
125
Marcus Corp
MCS
$895M
$889K 0.17%
+115,000
New +$1.55M
3 4
5
6 7

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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.