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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
MGNI icon
126
Magnite
MGNI
$3.4B
$864K 0.16%
124,430
– –
PCOM
127
DELISTED
Points.com Inc. Common Shares
PCOM
$856K 0.16%
88,379
– –
CMPR icon
128
Cimpress
CMPR
$2.17B
$849K 0.16%
11,300
– –
PRCH icon
129
Porch Group
PRCH
$1.98B
$827K 0.15%
+74,310
New +$785K
TRHC
130
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$815K 0.15%
20,000
-8,000
-29% -$398K
CPA icon
131
Copa Holdings
CPA
$5.29B
$780K 0.15%
15,500
– –
ONEW icon
132
OneWater Marine
ONEW
$199M
$717K 0.13%
+35,000
New +$884K
VERX icon
133
Vertex
VERX
$2.31B
$713K 0.13%
+30,981
New +$754K
PGTI
134
DELISTED
PGT, Inc.
PGTI
$701K 0.13%
40,000
-5,000
-11% -$87.7K
WIFI
135
DELISTED
Boingo Wireless, Inc.
WIFI
$663K 0.12%
65,000
– –
GCO icon
136
Genesco
GCO
$370M
$646K 0.12%
+30,000
New +$587K
PHR icon
137
Phreesia
PHR
$751M
$643K 0.12%
20,000
– –
PING
138
DELISTED
Ping Identity Holding Corp.
PING
$624K 0.12%
20,000
– –
XPEV icon
139
XPeng
XPEV
$11B
$602K 0.11%
+30,000
New +$587K
LMAT icon
140
LeMaitre Vascular
LMAT
$1.84B
$586K 0.11%
18,000
– –
LSCC icon
141
Lattice Semiconductor
LSCC
$16.2B
$579K 0.11%
20,000
-5,000
-20% -$147K
FCFS icon
142
FirstCash
FCFS
$9.51B
$572K 0.11%
10,000
-3,000
-23% -$183K
ASPU
143
DELISTED
ASPEN GROUP, INC.
ASPU
$559K 0.1%
+50,000
New +$532K
SWCH
144
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$546K 0.1%
35,000
– –
ARCH
145
DELISTED
Arch Resources, Inc.
ARCH
$477K 0.09%
11,234
-18,586
-62% -$660K
SAVE
146
DELISTED
Spirit Airlines, Inc.
SAVE
$322K 0.06%
20,000
-10,000
-33% -$172K
TAL icon
147
TAL Education Group
TAL
$6.62B
$283K 0.05%
+3,722
New +$281K
YUMC icon
148
Yum China
YUMC
$15.3B
$270K 0.05%
5,250
+1,950
+59% +$103K
ALLY icon
149
Ally Financial
ALLY
$12.8B
– –
-450,000
Closed -$8.92M
AMN icon
150
AMN Healthcare
AMN
$1.34B
– –
-12,300
Closed -$556K
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.