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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
+9.21%
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
$353M
AUM Growth
+$3.15M
Cap. Flow
-$25.3M
Cap. Flow %
-7.18%
Top 10 Hldgs %
22.4%
Holding
149
New
22
Increased
19
Reduced
37
Closed
20

Top Buys

Rank Stock Value
1
TEAM icon
Atlassian
TEAM
+$4.78M
2
NOW icon
ServiceNow
NOW
+$4.3M
3
RL icon
Ralph Lauren
RL
+$3.75M
4
SHLS icon
Shoals Technologies Group
SHLS
+$3.33M
5
GMED icon
Globus Medical
GMED
+$3.1M

Top Sells

Rank Stock Value
1
APP icon
Applovin
APP
+$4.87M
2
EFOR
Everforth Inc
EFOR
+$4.26M
3
STNE icon
StoneCo
STNE
+$3.93M
4
MDB icon
MongoDB
MDB
+$3.18M
5
BBSI icon
Barrett Business Services
BBSI
+$3.16M

Sector Composition

Rank Sector Weight
1 Technology 31.04%
2 Consumer Discretionary 16.75%
3 Healthcare 14.5%
4 Industrials 11.56%
5 Communication Services 9.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSGP icon
26
CoStar Group
CSGP
$13.1B
$4.25M 1.2%
55,000
– –
NEWR
27
DELISTED
New Relic, Inc.
NEWR
$4.23M 1.2%
75,000
+10,000
+15% +$566K
MNTV
28
DELISTED
Momentive Global Inc. Common Stock
MNTV
$4.2M 1.19%
600,000
+50,000
+9% +$361K
BXC icon
29
BlueLinx
BXC
$624M
$4.16M 1.18%
58,562
-14,000
-19% -$954K
BRBR icon
30
BellRing Brands
BRBR
$1.24B
$4.07M 1.15%
158,600
-16,400
-9% -$394K
U icon
31
Unity
U
$19.1B
$4M 1.13%
140,000
+27,000
+24% +$846K
RL icon
32
Ralph Lauren
RL
$21.1B
$3.96M 1.12%
+37,500
New +$3.75M
SAH icon
33
Sonic Automotive
SAH
$2.52B
$3.94M 1.12%
80,000
– –
NOK icon
34
Nokia
NOK
$57.2B
$3.9M 1.1%
840,000
-376,715
-31% -$1.74M
TEAM icon
35
Atlassian
TEAM
$48.2B
$3.86M 1.09%
+30,000
New +$4.78M
IMAX icon
36
IMAX
IMAX
$2.76B
$3.78M 1.07%
257,845
-43,300
-14% -$632K
MEI icon
37
Methode Electronics
MEI
$646M
$3.46M 0.98%
77,885
– –
ZUO
38
DELISTED
Zuora, Inc.
ZUO
$3.45M 0.98%
542,261
-157,739
-23% -$1.12M
FDX icon
39
FedEx
FDX
$78.3B
$3.41M 0.97%
19,700
+4,000
+25% +$665K
SHLS icon
40
Shoals Technologies Group
SHLS
$1.2B
$3.4M 0.96%
+138,000
New +$3.33M
GMED icon
41
Globus Medical
GMED
$11.1B
$3.39M 0.96%
+45,600
New +$3.1M
LRN icon
42
Stride
LRN
$3.61B
$3.28M 0.93%
105,006
-34,900
-25% -$1.28M
WH icon
43
Wyndham Hotels & Resorts
WH
$5.64B
$3.2M 0.91%
44,848
-6,300
-12% -$445K
PLAY icon
44
Dave & Buster's
PLAY
$327M
$3.19M 0.9%
89,959
+65,000
+260% +$2.35M
SIX
45
DELISTED
Six Flags Entertainment Corp.
SIX
$3.19M 0.9%
+137,000
New +$2.95M
PGNY icon
46
Progyny
PGNY
$1.99B
$3.17M 0.9%
101,674
-15,200
-13% -$550K
FN icon
47
Fabrinet
FN
$14.8B
$3.13M 0.89%
24,400
– –
EA
48
DELISTED
Electronic Arts
EA
$3.05M 0.87%
25,000
-5,000
-17% -$628K
CHDN icon
49
Churchill Downs
CHDN
$6.27B
$2.99M 0.85%
28,304
+2,000
+8% +$211K
LBTYK icon
50
Liberty Global Class C
LBTYK
$3.56B
$2.87M 0.81%
147,702
– –
1
2
3 4 5

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Formula Growth's Q4 2022 Portfolio in Review

As of Q4 2022, Formula Growth held 149 positions worth $353M, up 0.9% from $350M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $25.3M in Q4 2022, closing 20 positions and reducing 37 holdings. Its most notable exit was Applovin, an estimated $4.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Atlassian worth $3.86M.

  • Formula Growth's largest Q4 2022 buy was Atlassian: 30,000 shares worth $3.86M.
  • Formula Growth added most to ServiceNow in Q4 2022, an estimated $4.3M increase.
  • Formula Growth's biggest Q4 2022 reduction was StoneCo, cutting an estimated $3.93M.
  • Formula Growth fully exited Applovin in Q4 2022, selling an estimated $4.87M.
  • Formula Growth's ten largest holdings make up 22% of its $353M portfolio in Q4 2022.
  • Formula Growth opened 22 new positions and closed 20 in Q4 2022.
  • Formula Growth's portfolio value rose 0.9% quarter-over-quarter to $353M.

Based on Formula Growth's 13F filing for Q4 2022, filed 13 Feb 2023.