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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
+40.71%
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
$591M
AUM Growth
+$69.5M
Cap. Flow
-$94M
Cap. Flow %
-15.91%
Top 10 Hldgs %
34.34%
Holding
181
New
29
Increased
14
Reduced
39
Closed
39

Top Buys

Rank Stock Value
1
BHC icon
Bausch Health
BHC
+$10.9M
2
CLDR
Cloudera, Inc.
CLDR
+$8.41M
3
ALLY icon
Ally Financial
ALLY
+$7.66M
4
VIRT icon
Virtu Financial
VIRT
+$7.09M
5
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$6.05M

Top Sells

Rank Stock Value
1
OC icon
Owens Corning
OC
+$13.8M
2
GDOT icon
Green Dot
GDOT
+$12.8M
3
META icon
Meta Platforms (Facebook)
META
+$12.6M
4
TOL icon
Toll Brothers
TOL
+$10.9M
5
BLDR icon
Builders FirstSource
BLDR
+$10.7M

Sector Composition

Rank Sector Weight
1 Technology 39.34%
2 Industrials 12.35%
3 Communication Services 9.7%
4 Healthcare 9.09%
5 Consumer Staples 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HAS icon
151
Hasbro
HAS
$13.3B
– –
-2,100
Closed -$150K
KHC icon
152
Kraft Heinz
KHC
$30.5B
– –
-175,000
Closed -$4.33M
LNC icon
153
Lincoln National
LNC
$8.29B
– –
-2,520
Closed -$66K
LYFT icon
154
Lyft
LYFT
$6.7B
– –
-119,570
Closed -$3.21M
MGA icon
155
Magna International
MGA
$17.6B
– –
-95,000
Closed -$3.03M
MRNA icon
156
Moderna
MRNA
$55.1B
– –
-25,000
Closed -$749K
NVRI icon
157
Enviri
NVRI
$628M
– –
-600,000
Closed -$4.18M
OMF icon
158
OneMain Financial
OMF
$7.23B
– –
-40,000
Closed -$765K
OVV icon
159
Ovintiv
OVV
$17.9B
– –
-6,047
Closed -$16K
PWR icon
160
Quanta Services
PWR
$90.6B
– –
-123,880
Closed -$3.93M
RBA icon
161
RB Global
RBA
$15.9B
– –
-3,990
Closed -$136K
REZI icon
162
Resideo Technologies
REZI
$2.98B
– –
-300,000
Closed -$1.45M
TAL icon
163
TAL Education Group
TAL
$6.62B
– –
-13,500
Closed -$719K
TOL icon
164
Toll Brothers
TOL
$13.5B
– –
-567,579
Closed -$10.9M
VOYA icon
165
Voya Financial
VOYA
$9.29B
– –
-170,000
Closed -$6.89M
VYX icon
166
NCR Voyix
VYX
$1.21B
– –
-2,579
Closed -$28K
WW
167
DELISTED
WW International
WW
– –
-210,000
Closed -$3.55M
ZTO icon
168
ZTO Express
ZTO
$16.3B
– –
-8,700
Closed -$230K
PRKS icon
169
United Parks & Resorts
PRKS
$1.93B
– –
-165,000
Closed -$1.82M
SGI
170
Somnigroup International
SGI
$13.5B
– –
-4,620
Closed -$50K
SRCL
171
DELISTED
Stericycle Inc
SRCL
– –
-68,319
Closed -$3.32M
MIXT
172
DELISTED
MIX TELEMATICS LIMITED
MIXT
– –
-52,603
Closed -$455K
USX
173
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
– –
-94,992
Closed -$317K
KIN
174
DELISTED
Kindred Biosciences, Inc.
KIN
– –
-90,000
Closed -$360K
GLUU
175
DELISTED
Glu Mobile Inc.
GLUU
– –
-4,520
Closed -$28K
4 5 6
7
8

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Formula Growth's Q2 2020 Portfolio in Review

As of Q2 2020, Formula Growth held 181 positions worth $591M, up 13% from $522M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $94M in Q2 2020, closing 39 positions and reducing 39 holdings. Its most notable exit was Toll Brothers, an estimated $10.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 32% a quarter earlier, followed by Industrials and Communication Services.

Against the trend, Formula Growth opened a new position in Bausch Health worth $11.3M.

  • Formula Growth's largest Q2 2020 buy was Bausch Health: 620,000 shares worth $11.3M.
  • Formula Growth added most to Cornerstone OnDemand, Inc. in Q2 2020, an estimated $6.05M increase.
  • Formula Growth's biggest Q2 2020 reduction was Owens Corning, cutting an estimated $13.8M.
  • Formula Growth fully exited Toll Brothers in Q2 2020, selling an estimated $10.9M.
  • Formula Growth's ten largest holdings make up 34% of its $591M portfolio in Q2 2020.
  • Formula Growth opened 29 new positions and closed 39 in Q2 2020.
  • Formula Growth's portfolio value rose 13% quarter-over-quarter to $591M.

Based on Formula Growth's 13F filing for Q2 2020, filed 13 Aug 2020.