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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
CWST icon
51
Casella Waste Systems
CWST
$5.96B
$2.53M 0.81%
25,553
– –
SIX
52
DELISTED
Six Flags Entertainment Corp.
SIX
$2.38M 0.76%
90,391
-95,609
-51% -$2.4M
RL icon
53
Ralph Lauren
RL
$21.1B
$2.35M 0.75%
+12,500
New +$2.07M
RNG icon
54
RingCentral
RNG
$5.79B
$2.33M 0.74%
67,061
-30,000
-31% -$1.01M
FLR icon
55
Fluor
FLR
$7.12B
$2.3M 0.74%
54,479
-21
-0% -$806
FN icon
56
Fabrinet
FN
$14.8B
$2.27M 0.72%
12,000
-1,850
-13% -$371K
VCEL icon
57
Vericel Corp
VCEL
$2.1B
$2.24M 0.71%
+42,980
New +$1.88M
GXO icon
58
GXO Logistics
GXO
$5.46B
$2.15M 0.69%
40,000
-5,000
-11% -$270K
LULU icon
59
lululemon athletica
LULU
$13.7B
$2.15M 0.69%
+5,500
New +$2.54M
TTI icon
60
TETRA Technologies
TTI
$1.01B
$2.14M 0.68%
483,418
-411,582
-46% -$1.71M
INST
61
DELISTED
Instructure Holdings, Inc.
INST
$2.14M 0.68%
+100,000
New +$2.35M
TTEK icon
62
Tetra Tech
TTEK
$9.36B
$2.12M 0.68%
57,500
– –
CHDN icon
63
Churchill Downs
CHDN
$6.27B
$2.03M 0.65%
16,365
-11
-0.1% -$1.33K
META icon
64
Meta Platforms (Facebook)
META
$1.47T
$1.94M 0.62%
4,000
-3,000
-43% -$1.34M
TRNS icon
65
Transcat
TRNS
$804M
$1.94M 0.62%
17,400
– –
AX icon
66
Axos Financial
AX
$5.55B
$1.93M 0.62%
35,624
– –
PANW icon
67
Palo Alto Networks
PANW
$303B
$1.88M 0.6%
13,246
-2,940
-18% -$464K
KVYO icon
68
Klaviyo
KVYO
$5.74B
$1.78M 0.57%
70,000
-70,000
-50% -$1.87M
WIX icon
69
WIX.com
WIX
$3.67B
$1.72M 0.55%
12,500
– –
DLB icon
70
Dolby
DLB
$5.76B
$1.72M 0.55%
20,500
– –
UTI icon
71
Universal Technical Institute
UTI
$1.17B
$1.69M 0.54%
+106,000
New +$1.54M
BLDR icon
72
Builders FirstSource
BLDR
$7.29B
$1.67M 0.53%
8,000
-2,000
-20% -$370K
CPA icon
73
Copa Holdings
CPA
$5.29B
$1.61M 0.52%
15,500
– –
JBHT icon
74
JB Hunt Transport Services
JBHT
$24.5B
$1.59M 0.51%
8,000
-2,000
-20% -$403K
EEFT icon
75
Euronet Worldwide
EEFT
$2.62B
$1.59M 0.51%
14,500
– –
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.