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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
+8.6%
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
$535M
AUM Growth
-$56.6M
Cap. Flow
-$94.2M
Cap. Flow %
-17.62%
Top 10 Hldgs %
32.35%
Holding
175
New
33
Increased
18
Reduced
43
Closed
27
Avg Time Held
1.9 years
Top 10 Avg Time Held
0.6 years
Top 20 Avg Time Held
0.7 years

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$14.5M
2
ADT icon
ADT
ADT
+$8.44M
3
KLIC icon
Kulicke & Soffa
KLIC
+$6.97M
4
NEWR
New Relic, Inc.
NEWR
+$6.72M
5
STRA icon
Strategic Education
STRA
+$6.16M

Top Sells

Rank Stock Value
1
EVH icon
Evolent Health
EVH
+$17.3M
2
NUAN
Nuance Communications, Inc.
NUAN
+$15.6M
3
PINS icon
Pinterest
PINS
+$15.3M
4
OC icon
Owens Corning
OC
+$13.4M
5
PAGS icon
PagSeguro Digital
PAGS
+$13.1M

Sector Composition

Rank Sector Weight
1 Technology 39.97%
2 Industrials 11.8%
3 Consumer Discretionary 11.7%
4 Consumer Staples 10.17%
5 Healthcare 8.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
NUAN
1
DELISTED
Nuance Communications, Inc.
NUAN
$31.5M 5.89%
948,500
-538,000
-36% -$15.6M
2016 Q3
16 quarters
THS icon
2
DELISTED
Treehouse Foods
THS
$24.4M 4.56%
601,415
-127,665
-18% -$5.43M
2019 Q4
3 quarters
BABA icon
3
Alibaba
BABA
$271B
$20.2M 3.79%
68,842
+55,090
+401% +$14.5M
2016 Q2
17 quarters
CSOD
4
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$18M 3.37%
495,989
-76,011
-13% -$2.73M
2020 Q1
2 quarters
VG icon
5
DELISTED
Vonage Holdings Corporation
VG
$17.9M 3.35%
1,753,220
-363,000
-17% -$4.03M
2016 Q2
17 quarters
DBX icon
6
Dropbox
DBX
$7.73B
$14.7M 2.75%
762,900
-105,100
-12% -$2.19M
2018 Q3
8 quarters
NOK icon
7
Nokia
NOK
$51.2B
$13.7M 2.57%
3,509,287
-923,163
-21% -$4.15M
2019 Q1
6 quarters
CNDT icon
8
Conduent
CNDT
$216M
$11.4M 2.13%
3,584,953
+1,184,953
+49% +$3.51M
2019 Q4
3 quarters
UA icon
9
Under Armour Class C
UA
$1.99B
$10.6M 1.97%
1,072,558
-67,442
-6% -$633K
2017 Q3
12 quarters
TWLO icon
10
Twilio
TWLO
$37.5B
$10.5M 1.96%
42,512
-13,800
-25% -$3.4M
2017 Q2
13 quarters
COOP icon
11
DELISTED
Mr. Cooper
COOP
$10.1M 1.89%
453,466
-203,738
-31% -$3.51M
2019 Q1
6 quarters
CLDR
12
DELISTED
Cloudera, Inc.
CLDR
$10.1M 1.88%
925,000
+50,000
+6% +$580K
2020 Q2
1 quarter
ACI icon
13
Albertsons Companies
ACI
$6.35B
$9.47M 1.77%
683,647
+398,647
+140% +$5.82M
2020 Q2
1 quarter
VIRT icon
14
Virtu Financial
VIRT
$5.02B
$9.13M 1.71%
396,982
+93,730
+31% +$2.35M
2020 Q2
1 quarter
ZUO icon
15
DELISTED
Zuora, Inc.
ZUO
$8.5M 1.59%
822,261
– –
2018 Q4
7 quarters
HOUS icon
16
DELISTED
Anywhere Real Estate
HOUS
$8.19M 1.53%
867,916
-233,778
-21% -$2.25M
2016 Q3
16 quarters
EPC icon
17
Edgewell Personal Care
EPC
$1.29B
$7.49M 1.4%
268,613
-111,475
-29% -$3.31M
2019 Q2
5 quarters
NSP icon
18
Insperity
NSP
$1.96B
$7.3M 1.37%
111,524
-80,212
-42% -$5.35M
2020 Q1
2 quarters
ADT icon
19
ADT
ADT
$5.02B
$7.08M 1.32%
+866,741
New +$8.44M
2020 Q3
0 quarters
NEWR
20
DELISTED
New Relic, Inc.
NEWR
$6.85M 1.28%
121,563
+110,000
+951% +$6.72M
2020 Q1
2 quarters
KLIC icon
21
Kulicke & Soffa
KLIC
$4.11B
$6.61M 1.24%
+295,218
New +$6.97M
2020 Q3
0 quarters
LAUR icon
22
Laureate Education
LAUR
$5.32B
$6.52M 1.22%
490,890
+157,779
+47% +$1.9M
2020 Q2
1 quarter
AMG icon
23
Affiliated Managers Group
AMG
$9.92B
$5.49M 1.03%
80,340
+10,340
+15% +$723K
2020 Q2
1 quarter
SSNC icon
24
SS&C Technologies
SSNC
$19.7B
$5.46M 1.02%
90,200
– –
2015 Q4
19 quarters
BHC icon
25
Bausch Health
BHC
$2.36B
$5.32M 1%
342,608
-277,392
-45% -$4.78M
2020 Q2
1 quarter
1
2 3 4 5

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1W
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WMA
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CWMGP
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Formula Growth's Q3 2020 Portfolio in Review

As of Q3 2020, Formula Growth held 175 positions worth $535M, down 9.6% from $591M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

Formula Growth withdrew a net $94.2M in Q3 2020, closing 27 positions and reducing 43 holdings. Its most notable exit was Owens Corning, an estimated $13.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 40% of assets, up from 39% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in ADT worth $7.08M.

  • Formula Growth's largest Q3 2020 buy was ADT: 866,741 shares worth $7.08M.
  • Formula Growth added most to Alibaba in Q3 2020, an estimated $14.5M increase.
  • Formula Growth's biggest Q3 2020 reduction was Evolent Health, cutting an estimated $17.3M.
  • Formula Growth fully exited Owens Corning in Q3 2020, selling an estimated $13.4M.
  • Formula Growth's ten largest holdings make up 32% of its $535M portfolio in Q3 2020.
  • Formula Growth opened 33 new positions and closed 27 in Q3 2020.
  • Formula Growth's portfolio value fell 9.6% quarter-over-quarter to $535M.

Based on Formula Growth's 13F filing for Q3 2020, filed 16 Nov 2020.