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FG

Formula Growth Portfolio holdings

AUM $284M Turnover 33.14%
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
Avg Time Held Equity + Options
2.9 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
2.9 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.9 years

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 Held Since
MEI icon
51
Methode Electronics
MEI
$475M
$2.88M 0.8%
77,885
– –
2015 Q4
26 quarters
DXLG icon
52
Destination XL Group
DXLG
$25.3M
$2.77M 0.77%
816,408
+15,000
+2% +$67.6K
2021 Q3
3 quarters
OLLI icon
53
Ollie's Bargain Outlet
OLLI
$5.54B
$2.67M 0.74%
+45,400
New +$2.3M
2022 Q2
0 quarters
WEX icon
54
WEX
WEX
$6.2B
$2.6M 0.72%
16,700
– –
2015 Q4
26 quarters
TNDM icon
55
Tandem Diabetes Care
TNDM
$1.13B
$2.59M 0.72%
43,753
-5,000
-10% -$410K
2020 Q1
9 quarters
DESP icon
56
DELISTED
Despegar.com
DESP
$2.58M 0.72%
318,755
-15,000
-4% -$145K
2021 Q1
5 quarters
MU icon
57
Micron Technology
MU
$994B
$2.56M 0.71%
46,295
– –
2015 Q4
26 quarters
BRBR icon
58
BellRing Brands
BRBR
$1.1B
$2.49M 0.69%
+100,000
New +$2.45M
2022 Q2
0 quarters
CDNA icon
59
CareDx
CDNA
$3.31B
$2.4M 0.66%
111,604
– –
2020 Q2
8 quarters
GES icon
60
DELISTED
Guess Inc
GES
$2.37M 0.66%
138,958
-76,900
-36% -$1.6M
2021 Q4
2 quarters
SYNH
61
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$2.36M 0.65%
32,942
-22,000
-40% -$1.61M
2020 Q4
6 quarters
PCRX icon
62
Pacira BioSciences
PCRX
$1.45B
$2.28M 0.63%
39,166
– –
2021 Q1
5 quarters
NVEE icon
63
DELISTED
NV5 Global
NVEE
$2.28M 0.63%
78,000
– –
2016 Q2
24 quarters
PODD icon
64
Insulet
PODD
$9.8B
$2.24M 0.62%
10,300
– –
2016 Q2
24 quarters
ZEN
65
DELISTED
ZENDESK INC
ZEN
$2.22M 0.62%
30,000
+18,956
+172% +$1.87M
2019 Q4
10 quarters
XPO icon
66
XPO
XPO
$21.9B
$2.17M 0.6%
75,735
– –
2015 Q4
26 quarters
KFY icon
67
Korn Ferry
KFY
$4.09B
$2.04M 0.56%
35,092
-14,000
-29% -$850K
2021 Q4
2 quarters
RYAAY icon
68
Ryanair
RYAAY
$27.2B
$2.02M 0.56%
74,888
– –
2015 Q4
26 quarters
FN icon
69
Fabrinet
FN
$13B
$1.98M 0.55%
24,400
– –
2017 Q2
20 quarters
FCX icon
70
Freeport-McMoran
FCX
$100B
$1.98M 0.55%
67,574
+42,574
+170% +$1.7M
2022 Q1
1 quarter
NEXN icon
71
Nexxen International
NEXN
$505M
$1.95M 0.54%
224,955
-72,000
-24% -$825K
2021 Q2
4 quarters
GXO icon
72
GXO Logistics
GXO
$5.41B
$1.95M 0.54%
45,000
– –
2021 Q3
3 quarters
TTEK icon
73
Tetra Tech
TTEK
$8.89B
$1.91M 0.53%
70,000
– –
2017 Q1
21 quarters
CWST icon
74
Casella Waste Systems
CWST
$5.6B
$1.85M 0.51%
25,500
– –
2017 Q4
18 quarters
ADT icon
75
ADT
ADT
$5.02B
$1.73M 0.48%
281,276
-57,000
-17% -$397K
2020 Q3
7 quarters
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.