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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
+9.89%
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
$313M
AUM Growth
+$926K
Cap. Flow
-$14.6M
Cap. Flow %
-4.66%
Top 10 Hldgs %
23.08%
Holding
150
New
22
Increased
20
Reduced
42
Closed
38

Top Buys

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$7.25M
2
UCTT
Ultra Clean Holdings
UCTT
+$6.56M
3
MPWR icon
Monolithic Power Systems
MPWR
+$6.56M
4
MRVL icon
Marvell Technology
MRVL
+$6.2M
5
PLAY icon
Dave & Buster's
PLAY
+$4.87M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$4.11M
2
SSYS icon
Stratasys
SSYS
+$3.57M
3
HLX icon
Helix Energy Solutions
HLX
+$3.4M
4
OKTA icon
Okta
OKTA
+$3.26M
5
NEO icon
NeoGenomics
NEO
+$3.22M

Sector Composition

Rank Sector Weight
1 Technology 33.91%
2 Healthcare 20.37%
3 Industrials 17.86%
4 Consumer Discretionary 17.29%
5 Communication Services 5.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CALX icon
26
Calix
CALX
$2.36B
$3.98M 1.27%
+120,000
New +$4.47M
HOLX
27
DELISTED
Hologic
HOLX
$3.96M 1.27%
50,830
+19,054
+60% +$1.42M
HEES
28
DELISTED
H&E Equipment Services
HEES
$3.96M 1.26%
61,662
-13,160
-18% -$722K
RYAAY icon
29
Ryanair
RYAAY
$29.1B
$3.92M 1.25%
67,388
– –
ASAN icon
30
Asana
ASAN
$2.35B
$3.8M 1.21%
245,000
+25,000
+11% +$448K
SSNC icon
31
SS&C Technologies
SSNC
$19.6B
$3.77M 1.2%
58,560
-5,840
-9% -$363K
IRTC icon
32
iRhythm Holdings
IRTC
$3.96B
$3.71M 1.19%
+31,979
New +$3.6M
UBER icon
33
Uber
UBER
$161B
$3.66M 1.17%
47,500
-7,500
-14% -$538K
PODD icon
34
Insulet
PODD
$10.1B
$3.62M 1.16%
21,095
-55
-0.3% -$10.3K
ATEC icon
35
Alphatec Holdings
ATEC
$1.46B
$3.57M 1.14%
258,945
-4,420
-2% -$65.5K
TMCI icon
36
Treace Medical Concepts
TMCI
$302M
$3.5M 1.12%
268,069
-110,000
-29% -$1.47M
LKQ icon
37
LKQ Corp
LKQ
$6.46B
$3.38M 1.08%
63,300
-5,000
-7% -$248K
WEX icon
38
WEX
WEX
$6.72B
$3.37M 1.08%
14,200
– –
NTRA icon
39
Natera
NTRA
$47B
$3.35M 1.07%
36,665
-7,824
-18% -$588K
PGNY icon
40
Progyny
PGNY
$1.99B
$3.34M 1.07%
87,605
-22,262
-20% -$842K
SAH icon
41
Sonic Automotive
SAH
$2.52B
$3.29M 1.05%
57,800
-3,000
-5% -$159K
ABBV icon
42
AbbVie
ABBV
$451B
$3.24M 1.04%
+17,800
New +$3.07M
TWLO icon
43
Twilio
TWLO
$36.5B
$3.1M 0.99%
50,688
+10,000
+25% +$659K
BILL icon
44
BILL Holdings
BILL
$5.01B
$3.09M 0.99%
45,000
+25,000
+125% +$1.75M
KIDS icon
45
OrthoPediatrics
KIDS
$617M
$2.93M 0.94%
100,570
-300
-0.3% -$8.39K
DXCM icon
46
DexCom
DXCM
$34.3B
$2.92M 0.93%
21,058
-742
-3% -$93.3K
LESL icon
47
Leslie's
LESL
$4.97M
$2.63M 0.84%
20,266
+9,025
+80% +$1.29M
IMXI icon
48
International Money Express
IMXI
$437M
$2.61M 0.83%
114,299
-26,950
-19% -$566K
LBTYK icon
49
Liberty Global Class C
LBTYK
$3.56B
$2.61M 0.83%
147,702
– –
XYL icon
50
Xylem
XYL
$26B
$2.54M 0.81%
19,630
-6,500
-25% -$785K
1
2
3 4 5

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Formula Growth's Q1 2024 Portfolio in Review

As of Q1 2024, Formula Growth held 150 positions worth $313M, up 0.3% from $312M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Formula Growth withdrew a net $14.6M in Q1 2024, closing 38 positions and reducing 42 holdings. Its most notable exit was Fidelity National Information Services, an estimated $4.11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Formula Growth opened a new position in Snowflake worth $6.04M.

  • Formula Growth's largest Q1 2024 buy was Snowflake: 37,400 shares worth $6.04M.
  • Formula Growth added most to Dave & Buster's in Q1 2024, an estimated $4.87M increase.
  • Formula Growth's biggest Q1 2024 reduction was Six Flags Entertainment Corp., cutting an estimated $2.4M.
  • Formula Growth fully exited Fidelity National Information Services in Q1 2024, selling an estimated $4.11M.
  • Formula Growth's ten largest holdings make up 23% of its $313M portfolio in Q1 2024.
  • Formula Growth opened 22 new positions and closed 38 in Q1 2024.
  • Formula Growth's portfolio value rose 0.3% quarter-over-quarter to $313M.

Based on Formula Growth's 13F filing for Q1 2024, filed 14 May 2024.