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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
(-30%)
Cap. Flow
-$68.8M
Cap. Flow
% of AUM
-11.31%
Top 10 Holdings %
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 |
Masco
MAS
|
+$12.1M |
| 3 |
American Airlines Group
AAL
|
+$12M |
| 4 |
Owens Corning
OC
|
+$11.2M |
| 5 |
Koppers
KOP
|
+$8.74M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AUY
Yamana Gold, Inc.
AUY
|
+$22M |
| 2 |
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 | |
|---|---|---|---|---|---|---|
126
Kirby Corp
KEX
$7.34B
| $674K | 0.11% |
10,000
| – | – |
|
|
P
127
Everpure Inc
P
$31B
| $672K | 0.11% |
+41,793
| New | +$823K |
|
|
128
Ring Energy
REI
$378M
| $666K | 0.11% |
131,093
-2,722,497
| -95% | -$19.3M |
|
|
ZEPP
129
Zepp Health
ZEPP
$73.9M
| $545K | 0.09% |
13,872
-2,575
| -16% | -$101K |
|
|
PFIE
130
DELISTED
Profire Energy, Inc
PFIE
| $544K | 0.09% |
375,000
| – | – |
|
|
MXWL
131
DELISTED
Maxwell Technologies Inc
MXWL
| $538K | 0.09% |
260,000
| – | – |
|
132
Weibo
WB
$1.72B
| $508K | 0.08% |
+8,696
| New | +$526K |
|
133
JD.com
JD
$38.8B
| $427K | 0.07% |
20,379
+8,794
| +76% | +$197K |
|
134
Liberty Latin America Class C
LILAK
$1.66B
| $414K | 0.07% |
33,218
| – | – |
|
|
BITA
135
DELISTED
Bitauto Holdings Limited
BITA
| $409K | 0.07% |
+16,500
| New | +$321K |
|
136
Carriage Services
CSV
$541M
| $388K | 0.06% |
25,000
| – | – |
|
137
Heritage Insurance Holdings
HRTG
$1.01B
| $368K | 0.06% |
25,000
| – | – |
|
|
WUBA
138
DELISTED
58.com Inc
WUBA
| $271K | 0.04% |
5,000
-1,475
| -23% | -$90K |
|
139
Tencent Music
TME
$14B
| $170K | 0.03% |
+12,850
| New | +$164K |
|
140
Acadia Healthcare
ACHC
$2.66B
| – | – |
-33,600
| Closed | -$1.18M |
|
141
CALL
Alibaba
BABA
$296B
| – | – |
-194
| Closed | -$1K |
|
142
Crown Holdings
CCK
$12.9B
| – | – |
-9,898
| Closed | -$475K |
|
143
Caesarstone
CSTE
$109M
| – | – |
-273,079
| Closed | -$5.07M |
|
144
Digimarc Corp
DMRC
$135M
| – | – |
-94,880
| Closed | -$2.98M |
|
145
FerroAtlántica
GSM
$761M
| – | – |
-845,261
| Closed | -$6.91M |
|
146
Harmonic Inc
HLIT
$1.31B
| – | – |
-320,000
| Closed | -$1.76M |
|
147
Idexx Laboratories
IDXX
$43.7B
| – | – |
-550
| Closed | -$133K |
|
148
Nektar Therapeutics
NKTR
$2.48B
| – | – |
-1,087
| Closed | -$994K |
|
149
Red Robin
RRGB
$176M
| – | – |
-59,330
| Closed | -$2.38M |
|
150
Stagwell
STGW
$2.14B
| – | – |
-611,242
| Closed | -$2.54M |
|
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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.