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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
-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
Avg Time Held Equity + Options
1.5 years
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
1.5 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.9 years

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 icon
Infinera Corporation Common Stock
INFN
+$11M
5
GAP icon
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 icon
Tutor Perini Cor
TPC
+$10.8M
5
AMD icon
Advanced Micro Devices
AMD
+$10M

Sector Composition

Rank Sector Weight
1 Industrials 23.82%
2 Technology 23.5%
3 Consumer Discretionary 11.56%
4 Energy 11.39%
5 Materials 8.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
WCC icon
1
WESCO International
WCC
$16.6B
$36.6M 4.2%
594,966
+90,000
+18% +$5.39M
2018 Q1
2 quarters
EFII
2
DELISTED
Electronics for Imaging
EFII
$35.6M 4.09%
1,044,625
-38,702
-4% -$1.31M
2017 Q4
3 quarters
REI icon
3
Ring Energy
REI
$357M
$28.3M 3.25%
2,853,590
+198,000
+7% +$2.37M
2015 Q4
11 quarters
THS icon
4
DELISTED
Treehouse Foods
THS
$27.7M 3.18%
578,607
-67,000
-10% -$3.44M
2016 Q4
7 quarters
NUAN
5
DELISTED
Nuance Communications, Inc.
NUAN
$27.6M 3.17%
1,843,380
-5,775
-0.3% -$80K
2016 Q3
8 quarters
CX icon
6
Cemex
CX
$14.8B
$25.4M 2.91%
3,605,986
-25,000
-0.7% -$175K
2017 Q1
6 quarters
HOUS icon
7
DELISTED
Anywhere Real Estate
HOUS
$23.8M 2.73%
1,151,089
+173,333
+18% +$3.77M
2016 Q3
8 quarters
PAGS icon
8
PagSeguro Digital
PAGS
$3.03B
$23.4M 2.69%
845,808
+116,000
+16% +$3.16M
2018 Q1
2 quarters
AGI icon
9
Alamos Gold
AGI
$13.4B
$23M 2.64%
4,986,300
-5,000
-0.1% -$24.6K
2018 Q1
2 quarters
BLDR icon
10
Builders FirstSource
BLDR
$5.88B
$22.9M 2.63%
1,557,820
+520,000
+50% +$8.81M
2015 Q4
11 quarters
AUY
11
DELISTED
Yamana Gold, Inc.
AUY
$22M 2.52%
8,825,851
-630,000
-7% -$1.75M
2017 Q3
4 quarters
UA icon
12
Under Armour Class C
UA
$1.99B
$21.6M 2.48%
1,110,000
+110,000
+11% +$2.12M
2017 Q3
4 quarters
LKQ icon
13
LKQ Corp
LKQ
$5.62B
$21.5M 2.46%
678,000
– –
2015 Q4
11 quarters
TPC icon
14
Tutor Perini Cor
TPC
$4.08B
$21.1M 2.43%
1,124,619
-557,566
-33% -$10.8M
2017 Q3
4 quarters
MIC icon
15
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
$18.8M 2.16%
408,000
+28,000
+7% +$1.28M
2018 Q1
2 quarters
SPN
16
DELISTED
Superior Energy Services, Inc.
SPN
$16.9M 1.94%
173,702
-19,765
-10% -$1.86M
2017 Q3
4 quarters
EBAY icon
17
eBay
EBAY
$53.5B
$15.5M 1.78%
+470,000
New +$16.3M
2018 Q3
0 quarters
CISN
18
DELISTED
Cision Ltd. Ordinary Share
CISN
$15.3M 1.75%
908,357
+113,357
+14% +$1.87M
2018 Q2
1 quarter
AMG icon
19
Affiliated Managers Group
AMG
$9.92B
$14.9M 1.71%
108,837
+99,100
+1,018% +$14.6M
2016 Q4
7 quarters
META icon
20
Meta Platforms (Facebook)
META
$1.81T
$14.6M 1.68%
89,000
+17,000
+24% +$3.08M
2015 Q4
11 quarters
INST icon
21
DELISTED
Instructure, Inc.
INST
$13.9M 1.59%
391,637
+238,480
+156% +$9.78M
2016 Q3
8 quarters
DBX icon
22
Dropbox
DBX
$7.73B
$13.5M 1.55%
+502,000
New +$14.5M
2018 Q3
0 quarters
FNSR
23
DELISTED
Finisar Corp
FNSR
$13.2M 1.51%
692,596
-250,000
-27% -$4.65M
2017 Q2
5 quarters
NBL
24
DELISTED
Noble Energy, Inc.
NBL
$12.6M 1.45%
403,601
– –
2017 Q3
4 quarters
CSOD
25
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$11.3M 1.3%
200,000
-65,000
-25% -$3.51M
2017 Q4
3 quarters
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 24% of assets, up from 24% 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.