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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
-0.39%
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
$871M
AUM Growth
-$42.1M
Cap. Flow
-$34.6M
Cap. Flow %
-3.97%
Top 10 Hldgs %
31.47%
Holding
164
New
17
Increased
23
Reduced
52
Closed
21

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$16.3M
2
AMG icon
Affiliated Managers Group
AMG
+$14.6M
3
DBX icon
Dropbox
DBX
+$14.5M
4
INFN
Infinera Corporation Common Stock
INFN
+$11M
5
GAP
The Gap Inc
GAP
+$10.5M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$21.3M
2
FDC
First Data Corporation
FDC
+$14.5M
3
QCOM icon
Qualcomm
QCOM
+$14M
4
TPC
Tutor Perini Cor
TPC
+$10.8M
5
AMD icon
Advanced Micro Devices
AMD
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 24.92%
2 Technology 23.5%
3 Consumer Discretionary 11.56%
4 Energy 10.29%
5 Materials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNR
126
DELISTED
Cornerstone Building Brands, Inc.
CNR
$1M 0.11%
+65,975
New +$1.1M
AAMI
127
Acadian Asset Management
AAMI
$3.4B
$999K 0.11%
80,558
-20,000
-20% -$263K
NKTR icon
128
Nektar Therapeutics
NKTR
$2.48B
$994K 0.11%
1,087
– –
PGTI
129
DELISTED
PGT, Inc.
PGTI
$972K 0.11%
45,000
– –
CY
130
DELISTED
Cypress Semiconductor
CY
$909K 0.1%
62,741
– –
MXWL
131
DELISTED
Maxwell Technologies Inc
MXWL
$907K 0.1%
260,000
– –
KEX icon
132
Kirby Corp
KEX
$7.34B
$823K 0.09%
10,000
– –
VCYT icon
133
Veracyte
VCYT
$3.48B
$716K 0.08%
+75,000
New +$827K
ZEPP
134
Zepp Health
ZEPP
$73.9M
$704K 0.08%
16,447
-6,607
-29% -$266K
LM
135
DELISTED
Legg Mason, Inc.
LM
$590K 0.07%
18,900
– –
LILAK icon
136
Liberty Latin America Class C
LILAK
$1.66B
$587K 0.07%
33,218
– –
CSV icon
137
Carriage Services
CSV
$541M
$539K 0.06%
25,000
– –
WUBA
138
DELISTED
58.com Inc
WUBA
$477K 0.05%
6,475
-7,913
-55% -$547K
CCK icon
139
Crown Holdings
CCK
$12.9B
$475K 0.05%
9,898
– –
HRTG icon
140
Heritage Insurance Holdings
HRTG
$1.01B
$371K 0.04%
25,000
– –
JD icon
141
JD.com
JD
$38.8B
$302K 0.03%
11,585
-2,985
-20% -$97.8K
IDXX icon
142
Idexx Laboratories
IDXX
$43.7B
$133K 0.02%
+550
New +$134K
BABA icon
143
CALL
Alibaba
BABA
$296B
$1K ﹤0.01%
+194
New +$34.3K
AMBA icon
144
Ambarella
AMBA
$3.1B
– –
-220,343
Closed -$8.51M
AMD icon
145
Advanced Micro Devices
AMD
$760B
– –
-670,000
Closed -$10M
DHI icon
146
D.R. Horton
DHI
$41.2B
– –
-230,000
Closed -$9.43M
EVER icon
147
EverQuote
EVER
$904M
– –
-5,000
Closed -$91K
HEI icon
148
HEICO Corp
HEI
$47B
– –
-1
Closed –
HWM icon
149
Howmet Aerospace
HWM
$106B
– –
-391,200
Closed -$5.1M
MPAA icon
150
Motorcar Parts of America
MPAA
$218M
– –
-141,136
Closed -$2.64M
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 2018 Portfolio in Review

As of Q3 2018, Formula Growth held 164 positions worth $871M, down 4.6% from $913M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Formula Growth withdrew a net $34.6M in Q3 2018, closing 21 positions and reducing 52 holdings. Its most notable exit was First Data Corporation, an estimated $14.5M position sold in full.

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

Against the trend, Formula Growth opened a new position in eBay worth $15.5M.

  • Formula Growth's largest Q3 2018 buy was eBay: 470,000 shares worth $15.5M.
  • Formula Growth added most to Affiliated Managers Group in Q3 2018, an estimated $14.6M increase.
  • Formula Growth's biggest Q3 2018 reduction was Evolent Health, cutting an estimated $21.3M.
  • Formula Growth fully exited First Data Corporation in Q3 2018, selling an estimated $14.5M.
  • Formula Growth's ten largest holdings make up 31% of its $871M portfolio in Q3 2018.
  • Formula Growth opened 17 new positions and closed 21 in Q3 2018.
  • Formula Growth's portfolio value fell 4.6% quarter-over-quarter to $871M.

Based on Formula Growth's 13F filing for Q3 2018, filed 14 Nov 2018.