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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
-0.39%
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
$871M
AUM Growth
-$42.1M
Cap. Flow
-$34.6M
Cap. Flow %
-3.97%
Top 10 Hldgs %
31.47%
Holding
164
New
17
Increased
23
Reduced
52
Closed
21

Top Buys

Rank Stock Value
1
EBAY icon
eBay
EBAY
+$16.3M
2
AMG icon
Affiliated Managers Group
AMG
+$14.6M
3
DBX icon
Dropbox
DBX
+$14.5M
4
INFN
Infinera Corporation Common Stock
INFN
+$11M
5
GAP
The Gap Inc
GAP
+$10.5M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$21.3M
2
FDC
First Data Corporation
FDC
+$14.5M
3
QCOM icon
Qualcomm
QCOM
+$14M
4
TPC
Tutor Perini Cor
TPC
+$10.8M
5
AMD icon
Advanced Micro Devices
AMD
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 24.92%
2 Technology 23.5%
3 Consumer Discretionary 11.56%
4 Energy 10.29%
5 Materials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WCC
1
WESCO International
WCC
$16.4B
$36.6M 4.2%
594,966
+90,000
+18% +$5.39M
EFII
2
DELISTED
Electronics for Imaging
EFII
$35.6M 4.09%
1,044,625
-38,702
-4% -$1.31M
REI icon
3
Ring Energy
REI
$378M
$28.3M 3.25%
2,853,590
+198,000
+7% +$2.37M
THS
4
DELISTED
Treehouse Foods
THS
$27.7M 3.18%
578,607
-67,000
-10% -$3.44M
NUAN
5
DELISTED
Nuance Communications, Inc.
NUAN
$27.6M 3.17%
1,843,380
-5,775
-0.3% -$80K
CX icon
6
Cemex
CX
$15.7B
$25.4M 2.91%
3,605,986
-25,000
-0.7% -$175K
HOUS
7
DELISTED
Anywhere Real Estate
HOUS
$23.8M 2.73%
1,151,089
+173,333
+18% +$3.77M
PAGS icon
8
PagSeguro Digital
PAGS
$2.45B
$23.4M 2.69%
845,808
+116,000
+16% +$3.16M
AGI icon
9
Alamos Gold
AGI
$15.4B
$23M 2.64%
4,986,300
-5,000
-0.1% -$24.6K
BLDR icon
10
Builders FirstSource
BLDR
$7.29B
$22.9M 2.63%
1,557,820
+520,000
+50% +$8.81M
AUY
11
DELISTED
Yamana Gold, Inc.
AUY
$22M 2.52%
8,825,851
-630,000
-7% -$1.75M
UA icon
12
Under Armour Class C
UA
$2.12B
$21.6M 2.48%
1,110,000
+110,000
+11% +$2.12M
LKQ icon
13
LKQ Corp
LKQ
$6.46B
$21.5M 2.46%
678,000
– –
TPC
14
Tutor Perini Cor
TPC
$4.67B
$21.1M 2.43%
1,124,619
-557,566
-33% -$10.8M
MIC
15
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$18.8M 2.16%
408,000
+28,000
+7% +$1.28M
SPN
16
DELISTED
Superior Energy Services, Inc.
SPN
$16.9M 1.94%
173,702
-19,765
-10% -$1.86M
EBAY icon
17
eBay
EBAY
$47B
$15.5M 1.78%
+470,000
New +$16.3M
CISN
18
DELISTED
Cision Ltd. Ordinary Share
CISN
$15.3M 1.75%
908,357
+113,357
+14% +$1.87M
AMG icon
19
Affiliated Managers Group
AMG
$9.59B
$14.9M 1.71%
108,837
+99,100
+1,018% +$14.6M
META icon
20
Meta Platforms (Facebook)
META
$1.47T
$14.6M 1.68%
89,000
+17,000
+24% +$3.08M
INST
21
DELISTED
Instructure, Inc.
INST
$13.9M 1.59%
391,637
+238,480
+156% +$9.78M
DBX icon
22
Dropbox
DBX
$7.76B
$13.5M 1.55%
+502,000
New +$14.5M
FNSR
23
DELISTED
Finisar Corp
FNSR
$13.2M 1.51%
692,596
-250,000
-27% -$4.65M
NBL
24
DELISTED
Noble Energy, Inc.
NBL
$12.6M 1.45%
403,601
– –
CSOD
25
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$11.3M 1.3%
200,000
-65,000
-25% -$3.51M
1
2 3 4 5

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Formula Growth's Q3 2018 Portfolio in Review

As of Q3 2018, Formula Growth held 164 positions worth $871M, down 4.6% from $913M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Formula Growth withdrew a net $34.6M in Q3 2018, closing 21 positions and reducing 52 holdings. Its most notable exit was First Data Corporation, an estimated $14.5M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 25% of assets, up from 25% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in eBay worth $15.5M.

  • Formula Growth's largest Q3 2018 buy was eBay: 470,000 shares worth $15.5M.
  • Formula Growth added most to Affiliated Managers Group in Q3 2018, an estimated $14.6M increase.
  • Formula Growth's biggest Q3 2018 reduction was Evolent Health, cutting an estimated $21.3M.
  • Formula Growth fully exited First Data Corporation in Q3 2018, selling an estimated $14.5M.
  • Formula Growth's ten largest holdings make up 31% of its $871M portfolio in Q3 2018.
  • Formula Growth opened 17 new positions and closed 21 in Q3 2018.
  • Formula Growth's portfolio value fell 4.6% quarter-over-quarter to $871M.

Based on Formula Growth's 13F filing for Q3 2018, filed 14 Nov 2018.