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FG
Formula Growth Portfolio holdings
AUM
$284M
Turnover
33.14%
1-Year Est. Return
54.56%
This Fund
S&P 500
This Quarter Est. Return
-26.15%
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
$522M
AUM Growth
-$271M
(-34%)
Cap. Flow
-$21.8M
Cap. Flow % of AUM
Cap. Flow %
-4.17%
Top 10 Holdings %
Top 10 Hldgs %
33.67%
Holding
174
New
35
Increased
26
Reduced
45
Closed
22
Avg Time Held
Equity + Options
1.8
years
Top 10 Avg Time Held
Equity + Options
0.4
years
Top 20 Avg Time Held
Equity + Options
1
year
Avg Time Held Equity only
1.8
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Toll Brothers
TOL
|
+$21.5M |
| 2 |
Insperity
NSP
|
+$21.1M |
| 3 |
CSOD
Cornerstone OnDemand, Inc.
CSOD
|
+$19.5M |
| 4 |
Treehouse Foods
THS
|
+$17.8M |
| 5 |
Edgewell Personal Care
EPC
|
+$11.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$24.1M |
| 2 |
Instructure, Inc.
INST
|
+$22.3M |
| 3 |
Macquarie Infrastructure Holdings, LLC
MIC
|
+$19M |
| 4 |
Green Dot
GDOT
|
+$16.5M |
| 5 |
American Airlines Group
AAL
|
+$12.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.28% |
| 2 | Industrials | 18.35% |
| 3 | Consumer Discretionary | 11.66% |
| 4 | Consumer Staples | 10.14% |
| 5 | Communication Services | 9.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
EBIX
151
DELISTED
Ebix Inc
EBIX
| $17K | ﹤0.01% |
+1,132
| New | +$32.3K |
2020 Q1
0 quarters
|
|
152
Ovintiv
OVV
$19.2B
| $16K | ﹤0.01% |
6,047
-255,353
| -98% | -$3.35M |
2018 Q4
5 quarters
|
|
|
153
American Airlines Group
AAL
$7.86B
| – | – |
-450,000
| Closed | -$12.9M | – |
|
154
Albemarle
ALB
$11.3B
| – | – |
-96,785
| Closed | -$7.07M | – |
|
155
PUT
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.33B
| – | – |
-230,000
| Closed | -$6.82M | – |
|
156
Avis
CAR
$3.63B
| – | – |
-105,000
| Closed | -$3.38M | – |
|
157
FedEx
FDX
$69.5B
| – | – |
-5,000
| Closed | -$756K | – |
|
158
CALL
iShares China Large-Cap ETF
FXI
$3.89B
| – | – |
-296,000
| Closed | -$12.9M | – |
|
159
FerroAtlántica
GSM
$753M
| – | – |
-1,080,596
| Closed | -$1.02M | – |
|
160
Huya Inc
HUYA
$505M
| – | – |
-32,000
| Closed | -$574K | – |
|
161
PUT
VanEck Semiconductor ETF
SMH
$65.8B
| – | – |
-81,400
| Closed | -$5.76M | – |
|
162
Sprout Social
SPT
$683M
| – | – |
-308,432
| Closed | -$4.95M | – |
|
163
JOYY Inc
JOYY
$4.05B
| – | – |
-113,672
| Closed | -$6M | – |
|
164
Tutor Perini Cor
TPC
$4.08B
| – | – |
-500,010
| Closed | -$6.43M | – |
|
165
DELISTED
LL Flooring Holdings, Inc.
LL
| – | – |
-340,000
| Closed | -$3.32M | – |
|
166
DELISTED
Carrols Restaurant Group, Inc.
TAST
| – | – |
-595,030
| Closed | -$4.2M | – |
|
|
SIEN
167
DELISTED
Sientra, Inc.
SIEN
| – | – |
-18,000
| Closed | -$1.61M | – |
|
|
LTHM
168
DELISTED
Livent Corporation
LTHM
| – | – |
-914,330
| Closed | -$7.82M | – |
|
|
169
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| – | – |
-443,015
| Closed | -$19M | – |
|
|
VCRA
170
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| – | – |
-41,523
| Closed | -$862K | – |
|
|
OSB
171
DELISTED
Norbord Inc.
OSB
| – | – |
-145,000
| Closed | -$3.88M | – |
|
|
NBL
172
DELISTED
Noble Energy, Inc.
NBL
| – | – |
-229,970
| Closed | -$5.71M | – |
|
|
173
DELISTED
Instructure, Inc.
INST
| – | – |
-461,637
| Closed | -$22.3M | – |
|
174
DELISTED
Primo Water Corporation
PRMW
| – | – |
-705,000
| Closed | -$7.91M | – |
|
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Formula Growth's Q1 2020 Portfolio in Review
As of Q1 2020, Formula Growth held 174 positions worth $522M, down 34% from $793M the previous quarter. Its ten largest holdings account for 34% of the portfolio.
Formula Growth withdrew a net $21.8M in Q1 2020, closing 22 positions and reducing 45 holdings. Its most notable exit was Instructure, Inc., an estimated $22.3M position sold in full.
By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Industrials and Consumer Discretionary.
Against the trend, Formula Growth opened a new position in Toll Brothers worth $10.9M.
- Formula Growth's largest Q1 2020 buy was Toll Brothers: 567,579 shares worth $10.9M.
- Formula Growth added most to Treehouse Foods in Q1 2020, an estimated $17.8M increase.
- Formula Growth's biggest Q1 2020 reduction was Uber, cutting an estimated $24.1M.
- Formula Growth fully exited Instructure, Inc. in Q1 2020, selling an estimated $22.3M.
- Formula Growth's ten largest holdings make up 34% of its $522M portfolio in Q1 2020.
- Formula Growth opened 35 new positions and closed 22 in Q1 2020.
- Formula Growth's portfolio value fell 34% quarter-over-quarter to $522M.
Based on Formula Growth's 13F filing for Q1 2020, filed 14 May 2020.