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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
+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
Avg Time Held
2.1 years
Top 10 Avg Time Held
0.7 years
Top 20 Avg Time Held
0.8 years

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 icon
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 Held Since
NUAN
1
DELISTED
Nuance Communications, Inc.
NUAN
$29.8M 4.98%
676,500
-272,000
-29% -$10.3M
2016 Q3
17 quarters
THS icon
2
DELISTED
Treehouse Foods
THS
$25.1M 4.2%
591,415
-10,000
-2% -$407K
2019 Q4
4 quarters
VG icon
3
DELISTED
Vonage Holdings Corporation
VG
$22.8M 3.81%
1,772,720
+19,500
+1% +$237K
2016 Q2
18 quarters
CSOD
4
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$21.5M 3.58%
487,089
-8,900
-2% -$368K
2020 Q1
3 quarters
DBX icon
5
Dropbox
DBX
$7.73B
$18.2M 3.05%
822,000
+59,100
+8% +$1.2M
2018 Q3
9 quarters
UA icon
6
Under Armour Class C
UA
$1.99B
$16.6M 2.77%
1,115,000
+42,442
+4% +$568K
2017 Q3
13 quarters
BABA icon
7
Alibaba
BABA
$271B
$15.1M 2.53%
65,071
-3,771
-5% -$1.05M
2016 Q2
18 quarters
ZUO icon
8
DELISTED
Zuora, Inc.
ZUO
$14.5M 2.42%
1,042,261
+220,000
+27% +$2.5M
2018 Q4
8 quarters
CLDR
9
DELISTED
Cloudera, Inc.
CLDR
$14.3M 2.38%
1,025,000
+100,000
+11% +$1.15M
2020 Q2
2 quarters
KLIC icon
10
Kulicke & Soffa
KLIC
$4.11B
$13.7M 2.28%
429,317
+134,099
+45% +$3.9M
2020 Q3
1 quarter
NOK icon
11
Nokia
NOK
$51.2B
$13.6M 2.28%
3,484,887
-24,400
-0.7% -$96.1K
2019 Q1
7 quarters
ACI icon
12
Albertsons Companies
ACI
$6.35B
$13.2M 2.2%
748,947
+65,300
+10% +$990K
2020 Q2
2 quarters
VIRT icon
13
Virtu Financial
VIRT
$5.02B
$13M 2.17%
516,982
+120,000
+30% +$2.78M
2020 Q2
2 quarters
MLKN icon
14
MillerKnoll
MLKN
$1.45B
$12.4M 2.08%
368,000
+288,000
+360% +$10M
2020 Q3
1 quarter
CNDT icon
15
Conduent
CNDT
$216M
$12.3M 2.05%
2,558,890
-1,026,063
-29% -$4.28M
2019 Q4
4 quarters
HOUS icon
16
DELISTED
Anywhere Real Estate
HOUS
$11.6M 1.93%
881,716
+13,800
+2% +$165K
2016 Q3
17 quarters
EAT icon
17
Brinker International
EAT
$8.55B
$10.4M 1.73%
+183,000
New +$9.04M
2020 Q4
0 quarters
TWLO icon
18
Twilio
TWLO
$37.5B
$9.82M 1.64%
29,012
-13,500
-32% -$4.22M
2017 Q2
14 quarters
INTC icon
19
Intel
INTC
$475B
$9.47M 1.58%
+190,000
New +$9.28M
2020 Q4
0 quarters
ADT icon
20
ADT
ADT
$5.02B
$8.59M 1.43%
1,094,756
+228,015
+26% +$1.79M
2020 Q3
1 quarter
SYNH
21
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$8.05M 1.34%
+118,133
New +$7.36M
2020 Q4
0 quarters
HII icon
22
Huntington Ingalls Industries
HII
$10.7B
$7.67M 1.28%
+45,000
New +$7.15M
2020 Q4
0 quarters
NEWR
23
DELISTED
New Relic, Inc.
NEWR
$7.21M 1.2%
110,195
-11,368
-9% -$701K
2020 Q1
3 quarters
BFT
24
DELISTED
Foley Trasimene Acquisition Corp. II
BFT
$7.17M 1.2%
+475,000
New +$5.41M
2020 Q4
0 quarters
SSNC icon
25
SS&C Technologies
SSNC
$19.7B
$6.56M 1.1%
90,200
– –
2015 Q4
20 quarters
1
2 3 4 5

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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.