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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
-8.07%
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
$293M
AUM Growth
-$21M
Cap. Flow
+$12.1M
Cap. Flow %
4.12%
Top 10 Hldgs %
21.64%
Holding
160
New
25
Increased
27
Reduced
50
Closed
24

Top Buys

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$4.85M
2
SSYS icon
Stratasys
SSYS
+$4.35M
3
SNOW icon
Snowflake
SNOW
+$4.07M
4
PLAY icon
Dave & Buster's
PLAY
+$3.97M
5
U icon
Unity
U
+$3.47M

Top Sells

Rank Stock Value
1
NEWR
New Relic, Inc.
NEWR
+$7.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$5.69M
3
PYPL icon
PayPal
PYPL
+$4.19M
4
OKTA icon
Okta
OKTA
+$3.79M
5
MRVL icon
Marvell Technology
MRVL
+$2.67M

Sector Composition

Rank Sector Weight
1 Technology 32.21%
2 Healthcare 17.43%
3 Consumer Discretionary 16.79%
4 Industrials 15.3%
5 Communication Services 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LKQ icon
26
LKQ Corp
LKQ
$6.46B
$3.38M 1.15%
68,300
-8,700
-11% -$466K
ATEC icon
27
Alphatec Holdings
ATEC
$1.46B
$3.31M 1.13%
254,965
-2,945
-1% -$46.1K
HEES
28
DELISTED
H&E Equipment Services
HEES
$3.26M 1.11%
75,522
-5,546
-7% -$253K
OKTA icon
29
Okta
OKTA
$29.1B
$3.26M 1.11%
40,000
-50,000
-56% -$3.79M
TWLO icon
30
Twilio
TWLO
$36.5B
$3.26M 1.11%
55,688
+4,000
+8% +$249K
ROVR
31
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$3.04M 1.04%
+486,000
New +$2.9M
SWIM icon
32
Latham Group
SWIM
$833M
$3.02M 1.03%
1,077,452
+61,734
+6% +$223K
PINS icon
33
Pinterest
PINS
$13.1B
$2.97M 1.01%
110,000
-45,000
-29% -$1.23M
TMCI icon
34
Treace Medical Concepts
TMCI
$302M
$2.91M 0.99%
222,269
+104,519
+89% +$1.91M
SAH icon
35
Sonic Automotive
SAH
$2.52B
$2.9M 0.99%
60,800
-9,200
-13% -$468K
PRVA icon
36
Privia Health
PRVA
$2.66B
$2.9M 0.99%
125,937
+10,207
+9% +$260K
RNG icon
37
RingCentral
RNG
$5.79B
$2.88M 0.98%
97,061
+10,000
+11% +$332K
XPO icon
38
XPO
XPO
$22.1B
$2.87M 0.98%
38,500
-6,500
-14% -$449K
WEX icon
39
WEX
WEX
$6.72B
$2.86M 0.98%
15,200
-1,500
-9% -$290K
UBER icon
40
Uber
UBER
$161B
$2.8M 0.96%
60,950
-9,500
-13% -$434K
LBTYK icon
41
Liberty Global Class C
LBTYK
$3.56B
$2.74M 0.94%
147,702
– –
LAW icon
42
CS Disco
LAW
$282M
$2.66M 0.91%
400,000
+150,000
+60% +$1.31M
GXO icon
43
GXO Logistics
GXO
$5.46B
$2.64M 0.9%
45,000
– –
RYAAY icon
44
Ryanair
RYAAY
$29.1B
$2.62M 0.89%
67,388
– –
BGC icon
45
BGC Group
BGC
$5.76B
$2.58M 0.88%
+488,273
New +$2.43M
NEO icon
46
NeoGenomics
NEO
$2.32B
$2.57M 0.88%
208,885
-1,805
-0.9% -$26.8K
FN icon
47
Fabrinet
FN
$14.8B
$2.56M 0.87%
15,350
-4,850
-24% -$673K
DEA
48
Easterly Government Properties
DEA
$1.17B
$2.48M 0.84%
86,646
-20,768
-19% -$712K
IMXI icon
49
International Money Express
IMXI
$437M
$2.45M 0.84%
144,549
-2,940
-2% -$59.1K
NTRA icon
50
Natera
NTRA
$47B
$2.42M 0.82%
54,589
-616
-1% -$31.4K
1
2
3 4 5

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Formula Growth's Q3 2023 Portfolio in Review

As of Q3 2023, Formula Growth held 160 positions worth $293M, down 6.7% from $314M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth deployed $12.1M of net new capital in Q3 2023, opening 25 new positions and adding to 27 existing holdings. Its largest new stake was Shopify: 80,000 shares worth $4.37M.

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

On the sell side, the largest reduction was Okta, an estimated $3.79M trimmed.

  • Formula Growth's largest Q3 2023 buy was Shopify: 80,000 shares worth $4.37M.
  • Formula Growth added most to Stratasys in Q3 2023, an estimated $4.35M increase.
  • Formula Growth's biggest Q3 2023 reduction was Okta, cutting an estimated $3.79M.
  • Formula Growth fully exited New Relic, Inc. in Q3 2023, selling an estimated $7.2M.
  • Formula Growth's ten largest holdings make up 22% of its $293M portfolio in Q3 2023.
  • Formula Growth opened 25 new positions and closed 24 in Q3 2023.
  • Formula Growth's portfolio value fell 6.7% quarter-over-quarter to $293M.

Based on Formula Growth's 13F filing for Q3 2023, filed 13 Nov 2023.