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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
-0.39%
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
$871M
AUM Growth
-$42.1M
(-4.6%)
Cap. Flow
-$34.6M
Cap. Flow
% of AUM
-3.97%
Top 10 Holdings %
Top 10 Hldgs %
31.47%
Holding
164
New
17
Increased
23
Reduced
52
Closed
21
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
eBay
EBAY
|
+$16.3M |
| 2 |
Affiliated Managers Group
AMG
|
+$14.6M |
| 3 |
Dropbox
DBX
|
+$14.5M |
| 4 |
INFN
Infinera Corporation Common Stock
INFN
|
+$11M |
| 5 |
GAP
The Gap Inc
GAP
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evolent Health
EVH
|
+$21.3M |
| 2 |
FDC
First Data Corporation
FDC
|
+$14.5M |
| 3 |
Qualcomm
QCOM
|
+$14M |
| 4 |
TPC
Tutor Perini Cor
TPC
|
+$10.8M |
| 5 |
Advanced Micro Devices
AMD
|
+$10M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 24.92% |
| 2 | Technology | 23.5% |
| 3 | Consumer Discretionary | 11.56% |
| 4 | Energy | 10.29% |
| 5 | Materials | 8.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
151
Qualcomm
QCOM
$175B
| – | – |
-250,000
| Closed | -$14M |
|
152
Ryder
R
$9.43B
| – | – |
-66,000
| Closed | -$4.74M |
|
153
Radian Group
RDN
$4.82B
| – | – |
-350,000
| Closed | -$5.68M |
|
154
Sally Beauty Holdings
SBH
$1.55B
| – | – |
-240,100
| Closed | -$3.85M |
|
155
Weibo
WB
$1.72B
| – | – |
-11,789
| Closed | -$1.05M |
|
156
Direxion Daily FTSE China Bull 3X ETF
YINN
$670M
| – | – |
-2,342
| Closed | -$1.19M |
|
|
DXYN
157
DELISTED
Dixie Group Inc
DXYN
| – | – |
-480,051
| Closed | -$1.1M |
|
|
DBD
158
DELISTED
Diebold Nixdorf Incorporated
DBD
| – | – |
-510,000
| Closed | -$6.09M |
|
|
COHR
159
DELISTED
Coherent Inc
COHR
| – | – |
-13,000
| Closed | -$2.03M |
|
|
LOGM
160
DELISTED
LogMein, Inc.
LOGM
| – | – |
-26,000
| Closed | -$2.69M |
|
|
ALO
161
DELISTED
Alio Gold Inc
ALO
| – | – |
-1,274,252
| Closed | -$1.85M |
|
|
LXFT
162
DELISTED
Luxoft Holding, Inc.
LXFT
| – | – |
-52,000
| Closed | -$1.92M |
|
|
REGI
163
DELISTED
Renewable Energy Group, Inc.
REGI
| – | – |
-478,054
| Closed | -$8.53M |
|
|
FDC
164
DELISTED
First Data Corporation
FDC
| – | – |
-691,417
| Closed | -$14.5M |
|
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Formula Growth's Q3 2018 Portfolio in Review
As of Q3 2018, Formula Growth held 164 positions worth $871M, down 4.6% from $913M the previous quarter. Its ten largest holdings account for 31% of the portfolio.
Formula Growth withdrew a net $34.6M in Q3 2018, closing 21 positions and reducing 52 holdings. Its most notable exit was First Data Corporation, an estimated $14.5M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Formula Growth opened a new position in eBay worth $15.5M.
- Formula Growth's largest Q3 2018 buy was eBay: 470,000 shares worth $15.5M.
- Formula Growth added most to Affiliated Managers Group in Q3 2018, an estimated $14.6M increase.
- Formula Growth's biggest Q3 2018 reduction was Evolent Health, cutting an estimated $21.3M.
- Formula Growth fully exited First Data Corporation in Q3 2018, selling an estimated $14.5M.
- Formula Growth's ten largest holdings make up 31% of its $871M portfolio in Q3 2018.
- Formula Growth opened 17 new positions and closed 21 in Q3 2018.
- Formula Growth's portfolio value fell 4.6% quarter-over-quarter to $871M.
Based on Formula Growth's 13F filing for Q3 2018, filed 14 Nov 2018.