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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
+8.6%
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
$535M
AUM Growth
-$56.6M
Cap. Flow
-$94.2M
Cap. Flow %
-17.62%
Top 10 Hldgs %
32.35%
Holding
175
New
33
Increased
18
Reduced
43
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$14.5M
2
ADT icon
ADT
ADT
+$8.44M
3
KLIC icon
Kulicke & Soffa
KLIC
+$6.97M
4
NEWR
New Relic, Inc.
NEWR
+$6.72M
5
STRA icon
Strategic Education
STRA
+$6.16M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$17.3M
2
NUAN
Nuance Communications, Inc.
NUAN
+$15.6M
3
PINS icon
Pinterest
PINS
+$15.3M
4
OC icon
Owens Corning
OC
+$13.4M
5
PAGS icon
PagSeguro Digital
PAGS
+$13.1M

Sector Composition

Rank Sector Weight
1 Technology 39.97%
2 Industrials 11.8%
3 Consumer Discretionary 11.7%
4 Consumer Staples 10.17%
5 Healthcare 8.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIDU icon
151
Baidu
BIDU
$32.9B
– –
-1,850
Closed -$222K
CX icon
152
Cemex
CX
$15.7B
– –
-2,079,891
Closed -$5.99M
DY icon
153
Dycom Industries
DY
$8.88B
– –
-85,500
Closed -$3.5M
EGHT icon
154
8x8 Inc
EGHT
$287M
– –
-250,000
Closed -$4M
GRWG icon
155
GrowGeneration
GRWG
$95.5M
– –
-48,547
Closed -$332K
GSHD icon
156
Goosehead Insurance
GSHD
$1.7B
– –
-13,318
Closed -$1M
IRDM icon
157
Iridium Communications
IRDM
$4.94B
– –
-100,000
Closed -$2.54M
KOP icon
158
Koppers
KOP
$881M
– –
-178,982
Closed -$3.37M
LILAK icon
159
Liberty Latin America Class C
LILAK
$1.66B
– –
-33,218
Closed -$268K
MSFT icon
160
Microsoft
MSFT
$3.81T
– –
-5,000
Closed -$1.02M
NTES icon
161
NetEase
NTES
$78.6B
– –
-17,105
Closed -$1.47M
OC icon
162
Owens Corning
OC
$11.3B
– –
-239,802
Closed -$13.4M
OEC icon
163
Orion
OEC
$358M
– –
-410,554
Closed -$4.35M
PDD icon
164
Pinduoduo
PDD
$122B
– –
-30,830
Closed -$2.65M
P
165
Everpure Inc
P
$31B
– –
-61,793
Closed -$1.07M
SQNS
166
Sequans Communications SA
SQNS
$43.7M
– –
-3,400
Closed -$522K
SRI icon
167
Stoneridge
SRI
$205M
– –
-175,000
Closed -$3.62M
VCEL icon
168
Vericel Corp
VCEL
$2.1B
– –
-45,000
Closed -$622K
VIPS icon
169
Vipshop
VIPS
$6.42B
– –
-478,408
Closed -$9.53M
VRRM icon
170
Verra Mobility
VRRM
$667M
– –
-43,326
Closed -$445K
WCC
171
WESCO International
WCC
$16.4B
– –
-120,000
Closed -$4.21M
LGF.B
172
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
– –
-150,000
Closed -$1.02M
MOBL
173
DELISTED
MobileIron, Inc.
MOBL
– –
-1,050,000
Closed -$5.18M
GTT
174
DELISTED
GTT Communications, Inc.
GTT
– –
-26,000
Closed -$212K
KNL
175
DELISTED
Knoll, Inc.
KNL
– –
-230,000
Closed -$2.8M
3 4 5 6
7

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1W
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WMA
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CWA
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Formula Growth's Q3 2020 Portfolio in Review

As of Q3 2020, Formula Growth held 175 positions worth $535M, down 9.6% from $591M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $94.2M in Q3 2020, closing 27 positions and reducing 43 holdings. Its most notable exit was Owens Corning, an estimated $13.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in ADT worth $7.08M.

  • Formula Growth's largest Q3 2020 buy was ADT: 866,741 shares worth $7.08M.
  • Formula Growth added most to Alibaba in Q3 2020, an estimated $14.5M increase.
  • Formula Growth's biggest Q3 2020 reduction was Evolent Health, cutting an estimated $17.3M.
  • Formula Growth fully exited Owens Corning in Q3 2020, selling an estimated $13.4M.
  • Formula Growth's ten largest holdings make up 32% of its $535M portfolio in Q3 2020.
  • Formula Growth opened 33 new positions and closed 27 in Q3 2020.
  • Formula Growth's portfolio value fell 9.6% quarter-over-quarter to $535M.

Based on Formula Growth's 13F filing for Q3 2020, filed 16 Nov 2020.