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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
+40.71%
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
$591M
AUM Growth
+$69.5M
Cap. Flow
-$94M
Cap. Flow %
-15.91%
Top 10 Hldgs %
34.34%
Holding
181
New
29
Increased
14
Reduced
39
Closed
39

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$10.9M
2
CLDR
Cloudera, Inc.
CLDR
+$8.41M
3
ALLY icon
Ally Financial
ALLY
+$7.66M
4
VIRT icon
Virtu Financial
VIRT
+$7.09M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$6.05M

Top Sells

Rank Stock Value
1
OC icon
Owens Corning
OC
+$13.8M
2
GDOT icon
Green Dot
GDOT
+$12.8M
3
META icon
Meta Platforms (Facebook)
META
+$12.6M
4
TOL icon
Toll Brothers
TOL
+$10.9M
5
BLDR icon
Builders FirstSource
BLDR
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 39.34%
2 Industrials 12.35%
3 Communication Services 9.7%
4 Healthcare 9.09%
5 Consumer Staples 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSCC icon
126
Lattice Semiconductor
LSCC
$16.2B
$710K 0.12%
+25,000
New +$584K
CNTY icon
127
Century Casinos
CNTY
$35.7M
$706K 0.12%
170,000
– –
PGTI
128
DELISTED
PGT, Inc.
PGTI
$706K 0.12%
45,000
– –
PING
129
DELISTED
Ping Identity Holding Corp.
PING
$642K 0.11%
+20,000
New +$530K
SWCH
130
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$624K 0.11%
+35,000
New +$613K
VCEL icon
131
Vericel Corp
VCEL
$2.1B
$622K 0.11%
45,000
– –
PHR icon
132
Phreesia
PHR
$751M
$566K 0.1%
+20,000
New +$521K
AMN icon
133
AMN Healthcare
AMN
$1.34B
$556K 0.09%
12,300
– –
SAVE
134
DELISTED
Spirit Airlines, Inc.
SAVE
$534K 0.09%
30,000
– –
SQNS
135
Sequans Communications SA
SQNS
$43.7M
$522K 0.09%
+3,400
New +$480K
LMAT icon
136
LeMaitre Vascular
LMAT
$1.84B
$475K 0.08%
18,000
– –
VRRM icon
137
Verra Mobility
VRRM
$667M
$445K 0.08%
43,326
– –
GRWG icon
138
GrowGeneration
GRWG
$95.5M
$332K 0.06%
+48,547
New +$267K
LILAK icon
139
Liberty Latin America Class C
LILAK
$1.66B
$268K 0.05%
33,218
– –
BIDU icon
140
Baidu
BIDU
$32.9B
$222K 0.04%
1,850
-4,050
-69% -$433K
GTT
141
DELISTED
GTT Communications, Inc.
GTT
$212K 0.04%
26,000
– –
YUMC icon
142
Yum China
YUMC
$15.3B
$159K 0.03%
3,300
-8,400
-72% -$396K
AAP icon
143
Advance Auto Parts
AAP
$2.59B
– –
-83,800
Closed -$7.82M
AXGN icon
144
Axogen
AXGN
$2.77B
– –
-40,000
Closed -$416K
CCL icon
145
Carnival Corporation Ltd
CCL
$33.9B
– –
-3,307
Closed -$44K
CSV icon
146
Carriage Services
CSV
$541M
– –
-20,000
Closed -$323K
DOMO icon
147
Domo
DOMO
$182M
– –
-150,000
Closed -$1.49M
EDU icon
148
New Oriental
EDU
$9.36B
– –
-2,600
Closed -$281K
FL
149
DELISTED
Foot Locker
FL
– –
-1,695
Closed -$37K
GMS
150
DELISTED
GMS Inc
GMS
– –
-580,747
Closed -$9.13M
4 5
6
7 8

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1W
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WMA
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CWA
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Formula Growth's Q2 2020 Portfolio in Review

As of Q2 2020, Formula Growth held 181 positions worth $591M, up 13% from $522M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $94M in Q2 2020, closing 39 positions and reducing 39 holdings. Its most notable exit was Toll Brothers, an estimated $10.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Formula Growth opened a new position in Bausch Health worth $11.3M.

  • Formula Growth's largest Q2 2020 buy was Bausch Health: 620,000 shares worth $11.3M.
  • Formula Growth added most to Cornerstone OnDemand, Inc. in Q2 2020, an estimated $6.05M increase.
  • Formula Growth's biggest Q2 2020 reduction was Owens Corning, cutting an estimated $13.8M.
  • Formula Growth fully exited Toll Brothers in Q2 2020, selling an estimated $10.9M.
  • Formula Growth's ten largest holdings make up 34% of its $591M portfolio in Q2 2020.
  • Formula Growth opened 29 new positions and closed 39 in Q2 2020.
  • Formula Growth's portfolio value rose 13% quarter-over-quarter to $591M.

Based on Formula Growth's 13F filing for Q2 2020, filed 13 Aug 2020.