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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
+9.21%
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
$353M
AUM Growth
+$3.15M
Cap. Flow
-$25.3M
Cap. Flow %
-7.18%
Top 10 Hldgs %
22.4%
Holding
149
New
22
Increased
19
Reduced
37
Closed
20

Top Buys

Rank Stock Value
1
TEAM icon
Atlassian
TEAM
+$4.78M
2
NOW icon
ServiceNow
NOW
+$4.3M
3
RL icon
Ralph Lauren
RL
+$3.75M
4
SHLS icon
Shoals Technologies Group
SHLS
+$3.33M
5
GMED icon
Globus Medical
GMED
+$3.1M

Top Sells

Rank Stock Value
1
APP icon
Applovin
APP
+$4.87M
2
EFOR
Everforth Inc
EFOR
+$4.26M
3
STNE icon
StoneCo
STNE
+$3.93M
4
MDB icon
MongoDB
MDB
+$3.18M
5
BBSI icon
Barrett Business Services
BBSI
+$3.16M

Sector Composition

Rank Sector Weight
1 Technology 31.04%
2 Consumer Discretionary 16.75%
3 Healthcare 14.5%
4 Industrials 11.56%
5 Communication Services 9.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INTC icon
51
Intel
INTC
$473B
$2.8M 0.79%
+106,000
New +$2.94M
SPOT icon
52
Spotify
SPOT
$113B
$2.76M 0.78%
+35,000
New +$2.82M
WEX icon
53
WEX
WEX
$6.72B
$2.73M 0.77%
16,700
– –
TITN icon
54
Titan Machinery
TITN
$416M
$2.58M 0.73%
+65,000
New +$2.31M
NVEE
55
DELISTED
NV5 Global
NVEE
$2.58M 0.73%
78,000
– –
VIRT icon
56
Virtu Financial
VIRT
$5.86B
$2.47M 0.7%
120,916
-95,000
-44% -$2.06M
SWIM icon
57
Latham Group
SWIM
$833M
$2.45M 0.69%
760,000
+380,000
+100% +$1.37M
PINS icon
58
Pinterest
PINS
$13.1B
$2.43M 0.69%
100,000
-90,000
-47% -$2.15M
TWLO icon
59
Twilio
TWLO
$36.5B
$2.32M 0.66%
47,288
– –
MU icon
60
Micron Technology
MU
$1.05T
$2.31M 0.66%
46,295
– –
JETS icon
61
US Global Jets ETF
JETS
$783M
$2.25M 0.64%
131,884
-20,000
-13% -$349K
RYAAY icon
62
Ryanair
RYAAY
$29.1B
$2.24M 0.63%
74,888
– –
ALHC icon
63
Alignment Healthcare
ALHC
$2.83B
$2.24M 0.63%
+190,400
New +$2.32M
CVGW
64
DELISTED
Calavo Growers
CVGW
$2.21M 0.62%
+75,000
New +$2.51M
LYFT icon
65
Lyft
LYFT
$6.7B
$2.2M 0.62%
200,000
-124,652
-38% -$1.5M
TNDM icon
66
Tandem Diabetes Care
TNDM
$1.49B
$2.12M 0.6%
47,253
+3,500
+8% +$158K
TTEK icon
67
Tetra Tech
TTEK
$9.36B
$2.03M 0.58%
70,000
– –
GXO icon
68
GXO Logistics
GXO
$5.46B
$1.92M 0.54%
45,000
– –
ROST icon
69
Ross Stores
ROST
$73.3B
$1.92M 0.54%
+16,500
New +$1.68M
PHLT
70
DELISTED
Performant Healthcare Inc
PHLT
$1.88M 0.53%
520,000
+100,000
+24% +$234K
STKL
71
DELISTED
SunOpta
STKL
$1.85M 0.52%
219,584
-75,000
-25% -$708K
KBH icon
72
KB Home
KBH
$3.36B
$1.78M 0.51%
56,000
-100,000
-64% -$2.98M
JBHT icon
73
JB Hunt Transport Services
JBHT
$24.5B
$1.74M 0.49%
10,000
– –
PODD icon
74
Insulet
PODD
$10.1B
$1.71M 0.48%
5,800
-4,500
-44% -$1.24M
CWST icon
75
Casella Waste Systems
CWST
$5.96B
$1.71M 0.48%
21,500
-4,000
-16% -$321K
1 2
3
4 5

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Formula Growth's Q4 2022 Portfolio in Review

As of Q4 2022, Formula Growth held 149 positions worth $353M, up 0.9% from $350M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $25.3M in Q4 2022, closing 20 positions and reducing 37 holdings. Its most notable exit was Applovin, an estimated $4.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Atlassian worth $3.86M.

  • Formula Growth's largest Q4 2022 buy was Atlassian: 30,000 shares worth $3.86M.
  • Formula Growth added most to ServiceNow in Q4 2022, an estimated $4.3M increase.
  • Formula Growth's biggest Q4 2022 reduction was StoneCo, cutting an estimated $3.93M.
  • Formula Growth fully exited Applovin in Q4 2022, selling an estimated $4.87M.
  • Formula Growth's ten largest holdings make up 22% of its $353M portfolio in Q4 2022.
  • Formula Growth opened 22 new positions and closed 20 in Q4 2022.
  • Formula Growth's portfolio value rose 0.9% quarter-over-quarter to $353M.

Based on Formula Growth's 13F filing for Q4 2022, filed 13 Feb 2023.