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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
+28.02%
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
$599M
AUM Growth
+$64.3M
Cap. Flow
-$53.4M
Cap. Flow %
-8.91%
Top 10 Hldgs %
32%
Holding
166
New
18
Increased
17
Reduced
58
Closed
28

Top Buys

Rank Stock Value
1
MLKN icon
MillerKnoll
MLKN
+$10M
2
INTC icon
Intel
INTC
+$9.28M
3
EAT icon
Brinker International
EAT
+$9.04M
4
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$7.36M
5
HII icon
Huntington Ingalls Industries
HII
+$7.15M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$10.3M
2
COOP
Mr. Cooper
COOP
+$10.1M
3
NSP icon
Insperity
NSP
+$7.3M
4
LAUR icon
Laureate Education
LAUR
+$6.52M
5
BHC icon
Bausch Health
BHC
+$5.32M

Sector Composition

Rank Sector Weight
1 Technology 42.03%
2 Consumer Discretionary 14.02%
3 Industrials 9.65%
4 Consumer Staples 8.96%
5 Healthcare 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XPEV icon
126
XPeng
XPEV
$11B
$915K 0.15%
21,370
-8,630
-29% -$317K
PING
127
DELISTED
Ping Identity Holding Corp.
PING
$859K 0.14%
30,000
+10,000
+50% +$277K
PHR icon
128
Phreesia
PHR
$751M
$814K 0.14%
15,000
-5,000
-25% -$215K
KMPR icon
129
Kemper
KMPR
$1.65B
$768K 0.13%
10,000
-11,806
-54% -$839K
FCFS icon
130
FirstCash
FCFS
$9.51B
$700K 0.12%
10,000
– –
BLDR icon
131
Builders FirstSource
BLDR
$7.29B
$658K 0.11%
16,134
-30,000
-65% -$1.06M
BNFT
132
DELISTED
Benefitfocus, Inc.
BNFT
$634K 0.11%
43,750
-281,250
-87% -$3.43M
PGTI
133
DELISTED
PGT, Inc.
PGTI
$610K 0.1%
30,000
-10,000
-25% -$186K
KEX icon
134
Kirby Corp
KEX
$7.34B
$609K 0.1%
11,745
-40,000
-77% -$1.82M
SWCH
135
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$573K 0.1%
35,000
– –
SAVE
136
DELISTED
Spirit Airlines, Inc.
SAVE
$489K 0.08%
20,000
– –
RXT icon
137
Rackspace Technology
RXT
$803M
$455K 0.08%
23,850
-205,455
-90% -$3.71M
EGIO
138
DELISTED
Edgio, Inc. Common Stock
EGIO
$339K 0.06%
2,125
-5,000
-70% -$914K
ASAN icon
139
Asana
ASAN
$2.35B
– –
-60,000
Closed -$1.73M
BHC icon
140
Bausch Health
BHC
$2.36B
– –
-342,608
Closed -$5.32M
CARS icon
141
Cars.com
CARS
$639M
– –
-122,227
Closed -$988K
CNK icon
142
Cinemark Holdings
CNK
$4.17B
– –
-221,530
Closed -$2.21M
COOP
143
DELISTED
Mr. Cooper
COOP
– –
-453,466
Closed -$10.1M
DDD icon
144
3D Systems Corp
DDD
$545M
– –
-324,330
Closed -$1.59M
DXC icon
145
DXC Technology
DXC
$1.79B
– –
-283,072
Closed -$5.05M
EAF icon
146
GrafTech
EAF
$193M
– –
-15,000
Closed -$1.03M
FTAI icon
147
FTAI Aviation
FTAI
$20B
– –
-353,879
Closed -$5.18M
ICFI icon
148
ICF International
ICFI
$1.62B
– –
-43,418
Closed -$2.67M
INMD icon
149
InMode
INMD
$855M
– –
-53,852
Closed -$974K
JAZZ icon
150
Jazz Pharmaceuticals
JAZZ
$15.9B
– –
-7,800
Closed -$1.11M
3 4 5
6
7

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Formula Growth's Q4 2020 Portfolio in Review

As of Q4 2020, Formula Growth held 166 positions worth $599M, up 12% from $535M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $53.4M in Q4 2020, closing 28 positions and reducing 58 holdings. Its most notable exit was Mr. Cooper, an estimated $10.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Formula Growth opened a new position in Intel worth $9.47M.

  • Formula Growth's largest Q4 2020 buy was Intel: 190,000 shares worth $9.47M.
  • Formula Growth added most to MillerKnoll in Q4 2020, an estimated $10M increase.
  • Formula Growth's biggest Q4 2020 reduction was Nuance Communications, Inc., cutting an estimated $10.3M.
  • Formula Growth fully exited Mr. Cooper in Q4 2020, selling an estimated $10.1M.
  • Formula Growth's ten largest holdings make up 32% of its $599M portfolio in Q4 2020.
  • Formula Growth opened 18 new positions and closed 28 in Q4 2020.
  • Formula Growth's portfolio value rose 12% quarter-over-quarter to $599M.

Based on Formula Growth's 13F filing for Q4 2020, filed 12 Feb 2021.