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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
+13.2%
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
$310M
AUM Growth
-$42.6M
Cap. Flow
-$55.8M
Cap. Flow %
-17.96%
Top 10 Hldgs %
21.92%
Holding
156
New
27
Increased
11
Reduced
53
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$8.22M
2
W icon
Wayfair
W
+$5.93M
3
XMTR icon
Xometry
XMTR
+$4.86M
4
CWAN
Clearwater Analytics
CWAN
+$3.85M
5
MRVL icon
Marvell Technology
MRVL
+$3.71M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$8.15M
2
Z icon
Zillow
Z
+$7.77M
3
FIVE icon
Five Below
FIVE
+$6.86M
4
UBER icon
Uber
UBER
+$6.08M
5
IAA
IAA, Inc. Common Stock
IAA
+$4.99M

Sector Composition

Rank Sector Weight
1 Technology 32.37%
2 Healthcare 19.08%
3 Consumer Discretionary 16.57%
4 Industrials 11.87%
5 Communication Services 8.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HEES
26
DELISTED
H&E Equipment Services
HEES
$3.59M 1.15%
81,068
-69,700
-46% -$3.4M
RNG icon
27
RingCentral
RNG
$5.79B
$3.54M 1.14%
115,561
-19,246
-14% -$688K
CWAN
28
DELISTED
Clearwater Analytics
CWAN
$3.51M 1.13%
+220,000
New +$3.85M
PYPL icon
29
PayPal
PYPL
$45.9B
$3.42M 1.1%
45,000
-43,000
-49% -$3.31M
MEI icon
30
Methode Electronics
MEI
$646M
$3.33M 1.07%
75,885
-2,000
-3% -$92.7K
DXLG icon
31
Destination XL Group
DXLG
$34.3M
$3.27M 1.05%
593,708
-165,700
-22% -$1.05M
SDGR icon
32
Schrodinger
SDGR
$1.47B
$3.24M 1.04%
+123,000
New +$2.92M
SHLS icon
33
Shoals Technologies Group
SHLS
$1.2B
$3.17M 1.02%
139,200
+1,200
+0.9% +$29.6K
APP icon
34
Applovin
APP
$106B
$3.15M 1.01%
+200,000
New +$2.62M
TMCI icon
35
Treace Medical Concepts
TMCI
$302M
$3.15M 1.01%
+124,900
New +$2.93M
TWLO icon
36
Twilio
TWLO
$36.5B
$3.13M 1.01%
47,010
-278
-0.6% -$17.1K
SHOP icon
37
Shopify
SHOP
$197B
$3.12M 1%
65,000
-85,000
-57% -$3.74M
CHDN icon
38
Churchill Downs
CHDN
$6.27B
$3.08M 0.99%
23,954
-4,350
-15% -$525K
WEX icon
39
WEX
WEX
$6.72B
$3.07M 0.99%
16,700
– –
CSGP icon
40
CoStar Group
CSGP
$13.1B
$3.03M 0.98%
44,000
-11,000
-20% -$812K
EA
41
DELISTED
Electronic Arts
EA
$3.01M 0.97%
25,000
– –
LBTYK icon
42
Liberty Global Class C
LBTYK
$3.56B
$3.01M 0.97%
147,702
– –
BOOT icon
43
Boot Barn
BOOT
$4.69B
$2.94M 0.95%
+38,335
New +$2.94M
FN icon
44
Fabrinet
FN
$14.8B
$2.9M 0.93%
24,400
– –
RYAAY icon
45
Ryanair
RYAAY
$29.1B
$2.82M 0.91%
74,888
– –
SIX
46
DELISTED
Six Flags Entertainment Corp.
SIX
$2.79M 0.9%
104,293
-32,707
-24% -$874K
XMTR icon
47
Xometry
XMTR
$5.39B
$2.77M 0.89%
+185,000
New +$4.86M
BILL icon
48
BILL Holdings
BILL
$5.01B
$2.68M 0.86%
+33,000
New +$3.06M
MU icon
49
Micron Technology
MU
$1.05T
$2.67M 0.86%
44,295
-2,000
-4% -$117K
PLAY icon
50
Dave & Buster's
PLAY
$327M
$2.47M 0.8%
67,252
-22,707
-25% -$906K
1
2
3 4 5

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1W
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WMA
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CWA
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Formula Growth's Q1 2023 Portfolio in Review

As of Q1 2023, Formula Growth held 156 positions worth $310M, down 12% from $353M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $55.8M in Q1 2023, closing 27 positions and reducing 53 holdings. Its most notable exit was ServiceNow, an estimated $8.15M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Alibaba worth $8.39M.

  • Formula Growth's largest Q1 2023 buy was Alibaba: 82,100 shares worth $8.39M.
  • Formula Growth added most to NeoGenomics in Q1 2023, an estimated $1.43M increase.
  • Formula Growth's biggest Q1 2023 reduction was Zillow, cutting an estimated $7.77M.
  • Formula Growth fully exited ServiceNow in Q1 2023, selling an estimated $8.15M.
  • Formula Growth's ten largest holdings make up 22% of its $310M portfolio in Q1 2023.
  • Formula Growth opened 27 new positions and closed 27 in Q1 2023.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $310M.

Based on Formula Growth's 13F filing for Q1 2023, filed 12 May 2023.