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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
+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

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
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
LAUR icon
151
Laureate Education
LAUR
$5.34B
– –
-490,890
Closed -$6.52M
LMAT icon
152
LeMaitre Vascular
LMAT
$1.84B
– –
-18,000
Closed -$586K
LSCC icon
153
Lattice Semiconductor
LSCC
$16.2B
– –
-20,000
Closed -$579K
NSP icon
154
Insperity
NSP
$2.04B
– –
-111,524
Closed -$7.3M
OLLI icon
155
Ollie's Bargain Outlet
OLLI
$4.38B
– –
-12,000
Closed -$1.05M
PRCH icon
156
Porch Group
PRCH
$1.98B
– –
-74,310
Closed -$827K
SHOO icon
157
Steven Madden
SHOO
$3.24B
– –
-143,683
Closed -$2.8M
TAL icon
158
TAL Education Group
TAL
$6.62B
– –
-3,722
Closed -$283K
VECO icon
159
Veeco
VECO
$2.71B
– –
-205,000
Closed -$2.39M
YUMC icon
160
Yum China
YUMC
$15.3B
– –
-5,250
Closed -$270K
SP
161
DELISTED
SP Plus Corporation
SP
– –
-185,246
Closed -$3.33M
TRHC
162
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
– –
-20,000
Closed -$815K
MIC
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
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.