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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
-26.15%
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
$522M
AUM Growth
-$271M
Cap. Flow
-$21.8M
Cap. Flow %
-4.17%
Top 10 Hldgs %
33.67%
Holding
174
New
35
Increased
26
Reduced
45
Closed
22
Avg Time Held Equity + Options
1.8 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
1 year
Avg Time Held Equity only
1.8 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
1 year

Top Buys

Rank Stock Value
1
TOL icon
Toll Brothers
TOL
+$21.5M
2
NSP icon
Insperity
NSP
+$21.1M
3
CSOD
Cornerstone OnDemand, Inc.
CSOD
+$19.5M
4
THS icon
Treehouse Foods
THS
+$17.8M
5
EPC icon
Edgewell Personal Care
EPC
+$11.3M

Top Sells

Rank Stock Value
1
UBER icon
Uber
UBER
+$24.1M
2
INST icon
Instructure, Inc.
INST
+$22.3M
3
MIC icon
Macquarie Infrastructure Holdings, LLC
MIC
+$19M
4
GDOT icon
Green Dot
GDOT
+$16.5M
5
AAL icon
American Airlines Group
AAL
+$12.9M

Sector Composition

Rank Sector Weight
1 Technology 32.28%
2 Industrials 18.35%
3 Consumer Discretionary 11.66%
4 Consumer Staples 10.14%
5 Communication Services 9.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
THS icon
1
DELISTED
Treehouse Foods
THS
$32.3M 6.2%
732,642
+412,642
+129% +$17.8M
2019 Q4
1 quarter
NUAN
2
DELISTED
Nuance Communications, Inc.
NUAN
$25.8M 4.94%
1,536,500
-155,000
-9% -$3.03M
2016 Q3
14 quarters
OC icon
3
Owens Corning
OC
$8.92B
$20.8M 3.98%
534,800
+73,510
+16% +$4.11M
2018 Q3
6 quarters
DBX icon
4
Dropbox
DBX
$7.73B
$16.9M 3.24%
933,800
-238,200
-20% -$4.33M
2018 Q3
6 quarters
EPC icon
5
Edgewell Personal Care
EPC
$1.29B
$14.5M 2.78%
602,796
+377,730
+168% +$11.3M
2019 Q2
3 quarters
PAGS icon
6
PagSeguro Digital
PAGS
$3.03B
$13.9M 2.67%
719,187
+264,443
+58% +$8.03M
2018 Q1
8 quarters
NOK icon
7
Nokia
NOK
$51.2B
$13.7M 2.63%
4,432,450
+262,450
+6% +$976K
2019 Q1
4 quarters
VG icon
8
DELISTED
Vonage Holdings Corporation
VG
$13.4M 2.57%
1,856,220
+10,000
+0.5% +$81.5K
2016 Q2
15 quarters
CSOD
9
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$12.7M 2.43%
+400,000
New +$19.5M
2020 Q1
0 quarters
META icon
10
Meta Platforms (Facebook)
META
$1.81T
$11.6M 2.22%
69,487
-513
-0.7% -$100K
2015 Q4
17 quarters
NSP icon
11
Insperity
NSP
$1.96B
$11.1M 2.13%
+297,367
New +$21.1M
2020 Q1
0 quarters
TOL icon
12
Toll Brothers
TOL
$12.3B
$10.9M 2.09%
+567,579
New +$21.5M
2020 Q1
0 quarters
CX icon
13
Cemex
CX
$14.8B
$10.6M 2.04%
5,019,891
+278,905
+6% +$943K
2017 Q1
12 quarters
BLDR icon
14
Builders FirstSource
BLDR
$5.88B
$10.5M 2.01%
856,651
+47,010
+6% +$1.06M
2015 Q4
17 quarters
GDOT icon
15
Green Dot
GDOT
$695M
$10.4M 2%
409,960
-572,501
-58% -$16.5M
2019 Q3
2 quarters
UBER icon
16
Uber
UBER
$144B
$9.75M 1.87%
349,135
-730,865
-68% -$24.1M
2019 Q3
2 quarters
EVH icon
17
Evolent Health
EVH
$517M
$9.2M 1.76%
1,694,025
-214,000
-11% -$1.91M
2017 Q1
12 quarters
UA icon
18
Under Armour Class C
UA
$1.99B
$9.19M 1.76%
1,140,000
-200,000
-15% -$2.87M
2017 Q3
10 quarters
GMS icon
19
DELISTED
GMS Inc
GMS
$9.13M 1.75%
580,747
+54,085
+10% +$1.28M
2018 Q2
7 quarters
TWLO icon
20
Twilio
TWLO
$37.5B
$8.8M 1.69%
98,312
-55,000
-36% -$6.04M
2017 Q2
11 quarters
PINS icon
21
Pinterest
PINS
$12.4B
$8.29M 1.59%
537,000
+37,000
+7% +$720K
2019 Q4
1 quarter
AAP icon
22
Advance Auto Parts
AAP
$2.68B
$7.82M 1.5%
+83,800
New +$10.9M
2020 Q1
0 quarters
OPLN icon
23
Openlane
OPLN
$4.52B
$7.48M 1.43%
623,186
-1,560
-0.2% -$30.5K
2015 Q4
17 quarters
KEX icon
24
Kirby Corp
KEX
$7.2B
$7.43M 1.42%
170,960
+160,960
+1,610% +$11M
2015 Q4
17 quarters
VOYA icon
25
Voya Financial
VOYA
$8.52B
$6.89M 1.32%
+170,000
New +$9.27M
2020 Q1
0 quarters
1
2 3 4 5

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Formula Growth's Q1 2020 Portfolio in Review

As of Q1 2020, Formula Growth held 174 positions worth $522M, down 34% from $793M the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Formula Growth withdrew a net $21.8M in Q1 2020, closing 22 positions and reducing 45 holdings. Its most notable exit was Instructure, Inc., an estimated $22.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Toll Brothers worth $10.9M.

  • Formula Growth's largest Q1 2020 buy was Toll Brothers: 567,579 shares worth $10.9M.
  • Formula Growth added most to Treehouse Foods in Q1 2020, an estimated $17.8M increase.
  • Formula Growth's biggest Q1 2020 reduction was Uber, cutting an estimated $24.1M.
  • Formula Growth fully exited Instructure, Inc. in Q1 2020, selling an estimated $22.3M.
  • Formula Growth's ten largest holdings make up 34% of its $522M portfolio in Q1 2020.
  • Formula Growth opened 35 new positions and closed 22 in Q1 2020.
  • Formula Growth's portfolio value fell 34% quarter-over-quarter to $522M.

Based on Formula Growth's 13F filing for Q1 2020, filed 14 May 2020.