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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
HOLX
51
DELISTED
Hologic
HOLX
$2.36M 0.81%
34,076
-23,463
-41% -$1.77M
PODD icon
52
Insulet
PODD
$10.1B
$2.34M 0.8%
14,650
+10,500
+253% +$2.35M
MRVL icon
53
Marvell Technology
MRVL
$195B
$2.18M 0.75%
40,329
-45,153
-53% -$2.67M
GNRC icon
54
Generac Holdings
GNRC
$10.8B
$2.18M 0.74%
+20,000
New +$2.47M
RDNT icon
55
RadNet
RDNT
$5.87B
$2.11M 0.72%
+75,000
New +$2.34M
META icon
56
Meta Platforms (Facebook)
META
$1.47T
$2.1M 0.72%
7,000
– –
LESL icon
57
Leslie's
LESL
$4.97M
$2.1M 0.72%
18,541
+9,115
+97% +$1.19M
CART icon
58
Maplebear
CART
$11.7B
$2.08M 0.71%
+70,000
New +$2.12M
EA
59
DELISTED
Electronic Arts
EA
$2.02M 0.69%
16,800
-5,300
-24% -$667K
SVV icon
60
Savers
SVV
$1.62B
$2.02M 0.69%
108,000
+107,000
+10,700% +$2.47M
CHDN icon
61
Churchill Downs
CHDN
$6.27B
$1.9M 0.65%
16,376
-418
-2% -$51.7K
PANW icon
62
Palo Alto Networks
PANW
$303B
$1.9M 0.65%
16,186
-6,400
-28% -$757K
JBHT icon
63
JB Hunt Transport Services
JBHT
$24.5B
$1.89M 0.64%
10,000
– –
HLX icon
64
Helix Energy Solutions
HLX
$1.49B
$1.79M 0.61%
+160,000
New +$1.54M
WH icon
65
Wyndham Hotels & Resorts
WH
$5.64B
$1.77M 0.6%
25,466
+4,708
+23% +$349K
XYL icon
66
Xylem
XYL
$26B
$1.76M 0.6%
19,330
+6,530
+51% +$673K
TREE icon
67
LendingTree
TREE
$407M
$1.75M 0.6%
113,223
-5,367
-5% -$109K
TTEK icon
68
Tetra Tech
TTEK
$9.36B
$1.75M 0.6%
57,500
– –
TRNS icon
69
Transcat
TRNS
$804M
$1.71M 0.59%
+17,500
New +$1.67M
BLDR icon
70
Builders FirstSource
BLDR
$7.29B
$1.67M 0.57%
13,434
– –
CTLP
71
DELISTED
Cantaloupe
CTLP
$1.64M 0.56%
261,795
-40,994
-14% -$301K
DLB icon
72
Dolby
DLB
$5.76B
$1.62M 0.55%
20,500
– –
DESP
73
DELISTED
Despegar.com
DESP
$1.58M 0.54%
217,823
-6,912
-3% -$52.4K
MEI icon
74
Methode Electronics
MEI
$646M
$1.57M 0.54%
68,885
– –
EXFY icon
75
Expensify
EXFY
$235M
$1.54M 0.53%
475,000
+275,000
+138% +$1.49M
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.