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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
-23.08%
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
$608M
AUM Growth
-$263M
Cap. Flow
-$68.8M
Cap. Flow %
-11.31%
Top 10 Hldgs %
31.94%
Holding
165
New
22
Increased
19
Reduced
38
Closed
26

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$18.2M
2
MAS icon
Masco
MAS
+$12.1M
3
AAL icon
American Airlines Group
AAL
+$12M
4
OC icon
Owens Corning
OC
+$11.2M
5
KOP icon
Koppers
KOP
+$8.74M

Top Sells

Rank Stock Value
1
AUY
Yamana Gold, Inc.
AUY
+$22M
2
REI icon
Ring Energy
REI
+$19.3M
3
SPN
Superior Energy Services, Inc.
SPN
+$16.9M
4
WCC
WESCO International
WCC
+$14.8M
5
FNSR
Finisar Corp
FNSR
+$13.2M

Sector Composition

Rank Sector Weight
1 Industrials 31.81%
2 Technology 25.05%
3 Consumer Discretionary 12.1%
4 Materials 6.4%
5 Communication Services 6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TCOM icon
151
Trip.com Group
TCOM
$28.6B
– –
-46,835
Closed -$1.74M
TTGT icon
152
TechTarget
TTGT
$281M
– –
-56,000
Closed -$1.09M
VECO icon
153
Veeco
VECO
$2.71B
– –
-195,000
Closed -$2M
WKC icon
154
World Kinect Corp
WKC
$1.81B
– –
-137,342
Closed -$3.8M
XLV icon
155
State Street Health Care Select Sector SPDR ETF
XLV
$44.5B
– –
-53,500
Closed -$5.09M
AAMI
156
Acadian Asset Management
AAMI
$3.4B
– –
-80,558
Closed -$999K
CASA
157
DELISTED
Casa Systems, Inc. Common Stock
CASA
– –
-150,000
Closed -$2.21M
WWE
158
DELISTED
World Wrestling Entertainment
WWE
– –
-16,300
Closed -$1.58M
AUY
159
DELISTED
Yamana Gold, Inc.
AUY
– –
-8,825,851
Closed -$22M
CNR
160
DELISTED
Cornerstone Building Brands, Inc.
CNR
– –
-65,975
Closed -$1M
LM
161
DELISTED
Legg Mason, Inc.
LM
– –
-18,900
Closed -$590K
YELL
162
DELISTED
Yellow Corporation Common Stock
YELL
– –
-820,000
Closed -$7.36M
FNSR
163
DELISTED
Finisar Corp
FNSR
– –
-692,596
Closed -$13.2M
HK
164
DELISTED
Halcon Resources Corporation
HK
– –
-1,788,268
Closed -$7.99M
SPN
165
DELISTED
Superior Energy Services, Inc.
SPN
– –
-173,702
Closed -$16.9M
3 4 5 6
7

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Formula Growth's Q4 2018 Portfolio in Review

As of Q4 2018, Formula Growth held 165 positions worth $608M, down 30% from $871M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $68.8M in Q4 2018, closing 26 positions and reducing 38 holdings. Its most notable exit was Yamana Gold, Inc., an estimated $22M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in First Data Corporation worth $15.8M.

  • Formula Growth's largest Q4 2018 buy was First Data Corporation: 935,000 shares worth $15.8M.
  • Formula Growth added most to Owens Corning in Q4 2018, an estimated $11.2M increase.
  • Formula Growth's biggest Q4 2018 reduction was Ring Energy, cutting an estimated $19.3M.
  • Formula Growth fully exited Yamana Gold, Inc. in Q4 2018, selling an estimated $22M.
  • Formula Growth's ten largest holdings make up 32% of its $608M portfolio in Q4 2018.
  • Formula Growth opened 22 new positions and closed 26 in Q4 2018.
  • Formula Growth's portfolio value fell 30% quarter-over-quarter to $608M.

Based on Formula Growth's 13F filing for Q4 2018, filed 14 Feb 2019.