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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
+28.02%
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
$599M
AUM Growth
+$64.3M
Cap. Flow
-$53.4M
Cap. Flow %
-8.91%
Top 10 Hldgs %
32%
Holding
166
New
18
Increased
17
Reduced
58
Closed
28
Avg Time Held
2.1 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
0.8 years

Top Buys

Rank Stock Value
1
MLKN icon
MillerKnoll
MLKN
+$10M
2
INTC icon
Intel
INTC
+$9.28M
3
EAT icon
Brinker International
EAT
+$9.04M
4
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
+$7.36M
5
HII icon
Huntington Ingalls Industries
HII
+$7.15M

Top Sells

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$10.3M
2
COOP icon
Mr. Cooper
COOP
+$10.1M
3
NSP icon
Insperity
NSP
+$7.3M
4
LAUR icon
Laureate Education
LAUR
+$6.52M
5
BHC icon
Bausch Health
BHC
+$5.32M

Sector Composition

Rank Sector Weight
1 Technology 42.03%
2 Consumer Discretionary 14.02%
3 Industrials 9.65%
4 Consumer Staples 8.96%
5 Healthcare 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
LAUR icon
151
Laureate Education
LAUR
$5.32B
– –
-490,890
Closed -$6.52M –
LMAT icon
152
LeMaitre Vascular
LMAT
$1.85B
– –
-18,000
Closed -$586K –
LSCC icon
153
Lattice Semiconductor
LSCC
$14.7B
– –
-20,000
Closed -$579K –
NSP icon
154
Insperity
NSP
$1.96B
– –
-111,524
Closed -$7.3M –
OLLI icon
155
Ollie's Bargain Outlet
OLLI
$5.54B
– –
-12,000
Closed -$1.05M –
PRCH icon
156
Porch Group
PRCH
$1.99B
– –
-74,310
Closed -$827K –
SHOO icon
157
Steven Madden
SHOO
$3.31B
– –
-143,683
Closed -$2.8M –
TAL icon
158
TAL Education Group
TAL
$6.66B
– –
-3,722
Closed -$283K –
VECO icon
159
Veeco
VECO
$2.61B
– –
-205,000
Closed -$2.39M –
YUMC icon
160
Yum China
YUMC
$15.2B
– –
-5,250
Closed -$270K –
SP icon
161
DELISTED
SP Plus Corporation
SP
– –
-185,246
Closed -$3.32M –
TRHC
162
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
– –
-20,000
Closed -$815K –
MIC icon
163
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
– –
-117,263
Closed -$3.15M –
MIME
164
DELISTED
Mimecast Limited
MIME
– –
-22,000
Closed -$1.03M –
WIFI
165
DELISTED
Boingo Wireless, Inc.
WIFI
– –
-65,000
Closed -$663K –
PS icon
166
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
– –
-79,133
Closed -$1.36M –
3 4 5 6
7

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Formula Growth's Q4 2020 Portfolio in Review

As of Q4 2020, Formula Growth held 166 positions worth $599M, up 12% from $535M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $53.4M in Q4 2020, closing 28 positions and reducing 58 holdings. Its most notable exit was Mr. Cooper, an estimated $10.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 40% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Formula Growth opened a new position in Intel worth $9.47M.

  • Formula Growth's largest Q4 2020 buy was Intel: 190,000 shares worth $9.47M.
  • Formula Growth added most to MillerKnoll in Q4 2020, an estimated $10M increase.
  • Formula Growth's biggest Q4 2020 reduction was Nuance Communications, Inc., cutting an estimated $10.3M.
  • Formula Growth fully exited Mr. Cooper in Q4 2020, selling an estimated $10.1M.
  • Formula Growth's ten largest holdings make up 32% of its $599M portfolio in Q4 2020.
  • Formula Growth opened 18 new positions and closed 28 in Q4 2020.
  • Formula Growth's portfolio value rose 12% quarter-over-quarter to $599M.

Based on Formula Growth's 13F filing for Q4 2020, filed 12 Feb 2021.