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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
-0.58%
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
$843M
AUM Growth
+$82.5M
(+11%)
Cap. Flow
+$102M
Cap. Flow
% of AUM
12.15%
Top 10 Holdings %
Top 10 Hldgs %
30.75%
Holding
163
New
31
Increased
24
Reduced
48
Closed
17
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FDC
First Data Corporation
FDC
|
+$24.6M |
| 2 |
Qualcomm
QCOM
|
+$15.6M |
| 3 |
MITL
Mitel Networks Corporation
MITL
|
+$14.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$14.7M |
| 5 |
United Parcel Service
UPS
|
+$13.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CATM
Cardtronics plc Class A Ordinary Shares (UK)
CATM
|
+$16M |
| 2 |
KLDX
KLONDEX MINES LTD
KLDX
|
+$12.1M |
| 3 |
Palo Alto Networks
PANW
|
+$10.5M |
| 4 |
Advanced Micro Devices
AMD
|
+$10.3M |
| 5 |
Twilio
TWLO
|
+$9.54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 26% |
| 2 | Technology | 22.44% |
| 3 | Materials | 10.73% |
| 4 | Energy | 9.4% |
| 5 | Communication Services | 7.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Carvana
CVNA
$53.3B
| – | – |
-125,000
| Closed | -$478K |
|
152
New Oriental
EDU
$9.36B
| – | – |
-4,400
| Closed | -$414K |
|
153
IMAX
IMAX
$2.76B
| – | – |
-39,796
| Closed | -$921K |
|
154
Liberty Latin America Class A
LILA
$1.68B
| – | – |
-44,410
| Closed | -$566K |
|
155
NetEase
NTES
$78.6B
| – | – |
-6,000
| Closed | -$414K |
|
156
OSI Systems
OSIS
$3.29B
| – | – |
-13,300
| Closed | -$856K |
|
157
Trip.com Group
TCOM
$28.6B
| – | – |
-9,800
| Closed | -$432K |
|
158
Gentherm
THRM
$1.21B
| – | – |
-15,072
| Closed | -$479K |
|
159
Veeco
VECO
$2.71B
| – | – |
-305,000
| Closed | -$4.53M |
|
|
INFN
160
DELISTED
Infinera Corporation Common Stock
INFN
| – | – |
-859,000
| Closed | -$5.44M |
|
|
ZEN
161
DELISTED
ZENDESK INC
ZEN
| – | – |
-139,425
| Closed | -$4.72M |
|
|
KEYW
162
DELISTED
The KEYW Holding Corporation
KEYW
| – | – |
-70,000
| Closed | -$411K |
|
|
CALD
163
DELISTED
Callidus Software, Inc.
CALD
| – | – |
-105,390
| Closed | -$3.02M |
|
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Formula Growth's Q1 2018 Portfolio in Review
As of Q1 2018, Formula Growth held 163 positions worth $843M, up 11% from $761M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Formula Growth deployed $102M of net new capital in Q1 2018, opening 31 new positions and adding to 24 existing holdings. Its largest new stake was First Data Corporation: 1,483,650 shares worth $23.7M.
By sector, the portfolio is most concentrated in Industrials at 26% of assets, up from 22% a quarter earlier, followed by Technology and Materials.
On the sell side, the largest reduction was Cardtronics plc Class A Ordinary Shares (UK), an estimated $16M trimmed.
- Formula Growth's largest Q1 2018 buy was First Data Corporation: 1,483,650 shares worth $23.7M.
- Formula Growth added most to Meta Platforms (Facebook) in Q1 2018, an estimated $14.7M increase.
- Formula Growth's biggest Q1 2018 reduction was Cardtronics plc Class A Ordinary Shares (UK), cutting an estimated $16M.
- Formula Growth fully exited Advanced Micro Devices in Q1 2018, selling an estimated $10.3M.
- Formula Growth's ten largest holdings make up 31% of its $843M portfolio in Q1 2018.
- Formula Growth opened 31 new positions and closed 17 in Q1 2018.
- Formula Growth's portfolio value rose 11% quarter-over-quarter to $843M.
Based on Formula Growth's 13F filing for Q1 2018, filed 15 May 2018.