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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
-23.6%
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
$361M
AUM Growth
-$169M
Cap. Flow
-$30.2M
Cap. Flow %
-8.37%
Top 10 Hldgs %
21.26%
Holding
147
New
7
Increased
18
Reduced
40
Closed
17

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$7.59M
2
LYFT icon
Lyft
LYFT
+$6.32M
3
SHOP icon
Shopify
SHOP
+$5.98M
4
TEAM icon
Atlassian
TEAM
+$5.12M
5
STNE icon
StoneCo
STNE
+$4.4M

Top Sells

Rank Stock Value
1
TVTY
Tivity Health, Inc. Common Stock
TVTY
+$8.74M
2
RRR icon
Red Rock Resorts
RRR
+$5.68M
3
URBN icon
Urban Outfitters
URBN
+$5.02M
4
PINS icon
Pinterest
PINS
+$4.84M
5
INTC icon
Intel
INTC
+$4.71M

Sector Composition

Rank Sector Weight
1 Technology 36.46%
2 Healthcare 13.7%
3 Consumer Discretionary 13.7%
4 Industrials 10.51%
5 Communication Services 9.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MEI icon
51
Methode Electronics
MEI
$646M
$2.88M 0.8%
77,885
– –
DXLG icon
52
Destination XL Group
DXLG
$34.3M
$2.77M 0.77%
816,408
+15,000
+2% +$67.6K
OLLI icon
53
Ollie's Bargain Outlet
OLLI
$4.38B
$2.67M 0.74%
+45,400
New +$2.3M
WEX icon
54
WEX
WEX
$6.72B
$2.6M 0.72%
16,700
– –
TNDM icon
55
Tandem Diabetes Care
TNDM
$1.49B
$2.59M 0.72%
43,753
-5,000
-10% -$410K
DESP
56
DELISTED
Despegar.com
DESP
$2.58M 0.72%
318,755
-15,000
-4% -$145K
MU icon
57
Micron Technology
MU
$1.05T
$2.56M 0.71%
46,295
– –
BRBR icon
58
BellRing Brands
BRBR
$1.24B
$2.49M 0.69%
+100,000
New +$2.45M
CDNA icon
59
CareDx
CDNA
$2.58B
$2.4M 0.66%
111,604
– –
GES
60
DELISTED
Guess Inc
GES
$2.37M 0.66%
138,958
-76,900
-36% -$1.6M
SYNH
61
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.36M 0.65%
32,942
-22,000
-40% -$1.61M
PCRX icon
62
Pacira BioSciences
PCRX
$1.03B
$2.28M 0.63%
39,166
– –
NVEE
63
DELISTED
NV5 Global
NVEE
$2.28M 0.63%
78,000
– –
PODD icon
64
Insulet
PODD
$10.1B
$2.25M 0.62%
10,300
– –
ZEN
65
DELISTED
ZENDESK INC
ZEN
$2.22M 0.62%
30,000
+18,956
+172% +$1.87M
XPO icon
66
XPO
XPO
$22.1B
$2.17M 0.6%
75,735
– –
KFY icon
67
Korn Ferry
KFY
$4.43B
$2.04M 0.56%
35,092
-14,000
-29% -$850K
RYAAY icon
68
Ryanair
RYAAY
$29.1B
$2.02M 0.56%
74,888
– –
FN icon
69
Fabrinet
FN
$14.8B
$1.98M 0.55%
24,400
– –
FCX icon
70
Freeport-McMoran
FCX
$110B
$1.98M 0.55%
67,574
+42,574
+170% +$1.7M
NEXN
71
Nexxen International
NEXN
$583M
$1.95M 0.54%
224,955
-72,000
-24% -$825K
GXO icon
72
GXO Logistics
GXO
$5.46B
$1.95M 0.54%
45,000
– –
TTEK icon
73
Tetra Tech
TTEK
$9.36B
$1.91M 0.53%
70,000
– –
CWST icon
74
Casella Waste Systems
CWST
$5.96B
$1.85M 0.51%
25,500
– –
ADT icon
75
ADT
ADT
$5.51B
$1.73M 0.48%
281,276
-57,000
-17% -$397K
1 2
3
4 5

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Formula Growth's Q2 2022 Portfolio in Review

As of Q2 2022, Formula Growth held 147 positions worth $361M, down 32% from $530M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Formula Growth withdrew a net $30.2M in Q2 2022, closing 17 positions and reducing 40 holdings. Its most notable exit was Tivity Health, Inc. Common Stock, an estimated $8.74M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Lyft worth $3.6M.

  • Formula Growth's largest Q2 2022 buy was Lyft: 271,000 shares worth $3.6M.
  • Formula Growth added most to Uber in Q2 2022, an estimated $7.59M increase.
  • Formula Growth's biggest Q2 2022 reduction was Nokia, cutting an estimated $3.27M.
  • Formula Growth fully exited Tivity Health, Inc. Common Stock in Q2 2022, selling an estimated $8.74M.
  • Formula Growth's ten largest holdings make up 21% of its $361M portfolio in Q2 2022.
  • Formula Growth opened 7 new positions and closed 17 in Q2 2022.
  • Formula Growth's portfolio value fell 32% quarter-over-quarter to $361M.

Based on Formula Growth's 13F filing for Q2 2022, filed 12 Aug 2022.