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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
-3.55%
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
$275M
AUM Growth
-$37.8M
Cap. Flow
-$17.4M
Cap. Flow %
-6.33%
Top 10 Hldgs %
26.1%
Holding
129
New
17
Increased
22
Reduced
53
Closed
20

Top Buys

Rank Stock Value
1
CROX icon
Crocs
CROX
+$8.5M
2
W icon
Wayfair
W
+$6.13M
3
MU icon
Micron Technology
MU
+$3.3M
4
CHWY icon
Chewy
CHWY
+$2.77M
5
TEAM icon
Atlassian
TEAM
+$2.68M

Top Sells

Rank Stock Value
1
PLAY icon
Dave & Buster's
PLAY
+$8.03M
2
MPWR icon
Monolithic Power Systems
MPWR
+$6.66M
3
HEES
H&E Equipment Services
HEES
+$3.96M
4
TMCI icon
Treace Medical Concepts
TMCI
+$3.5M
5
PGNY icon
Progyny
PGNY
+$3.34M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Consumer Discretionary 21.88%
3 Healthcare 19.2%
4 Industrials 17.76%
5 Financials 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FN icon
51
Fabrinet
FN
$14.8B
$2.15M 0.78%
8,800
-3,200
-27% -$679K
CHDN icon
52
Churchill Downs
CHDN
$6.27B
$2.14M 0.78%
15,365
-1,000
-6% -$131K
NOVA
53
DELISTED
Sunnova Energy
NOVA
$2.07M 0.75%
371,500
+164,500
+79% +$782K
VCEL icon
54
Vericel Corp
VCEL
$2.1B
$2.05M 0.75%
44,700
+1,720
+4% +$81.1K
TTEK icon
55
Tetra Tech
TTEK
$9.36B
$1.94M 0.71%
47,500
-10,000
-17% -$408K
RL icon
56
Ralph Lauren
RL
$21.1B
$1.94M 0.7%
11,055
-1,445
-12% -$250K
SSYS icon
57
Stratasys
SSYS
$678M
$1.93M 0.7%
+230,000
New +$2.19M
AX icon
58
Axos Financial
AX
$5.55B
$1.92M 0.7%
33,624
-2,000
-6% -$109K
GXO icon
59
GXO Logistics
GXO
$5.46B
$1.92M 0.7%
38,000
-2,000
-5% -$101K
RNG icon
60
RingCentral
RNG
$5.79B
$1.89M 0.69%
67,061
– –
INST
61
DELISTED
Instructure Holdings, Inc.
INST
$1.87M 0.68%
80,000
-20,000
-20% -$426K
WIX icon
62
WIX.com
WIX
$3.67B
$1.86M 0.68%
11,710
-790
-6% -$113K
LEA icon
63
Lear
LEA
$8.26B
$1.75M 0.64%
15,325
+9,535
+165% +$1.22M
UA icon
64
Under Armour Class C
UA
$2.12B
$1.73M 0.63%
265,000
-335,000
-56% -$2.22M
SIX
65
DELISTED
Six Flags Entertainment Corp.
SIX
$1.73M 0.63%
52,091
-38,300
-42% -$1.01M
TRNS icon
66
Transcat
TRNS
$804M
$1.72M 0.62%
14,340
-3,060
-18% -$361K
UTI icon
67
Universal Technical Institute
UTI
$1.17B
$1.68M 0.61%
106,650
+650
+0.6% +$9.73K
UAA icon
68
Under Armour
UAA
$2.18B
$1.57M 0.57%
+235,000
New +$1.6M
EEFT icon
69
Euronet Worldwide
EEFT
$2.62B
$1.5M 0.55%
14,500
– –
CPA icon
70
Copa Holdings
CPA
$5.29B
$1.48M 0.54%
15,500
– –
DLB icon
71
Dolby
DLB
$5.76B
$1.47M 0.53%
18,500
-2,000
-10% -$161K
WEX icon
72
WEX
WEX
$6.72B
$1.45M 0.53%
8,200
-6,000
-42% -$1.22M
NVEE
73
DELISTED
NV5 Global
NVEE
$1.44M 0.52%
62,000
– –
KEX icon
74
Kirby Corp
KEX
$7.34B
$1.41M 0.51%
11,745
– –
PHLT
75
DELISTED
Performant Healthcare Inc
PHLT
$1.39M 0.51%
480,000
-40,000
-8% -$115K
1 2
3
4 5

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Formula Growth's Q2 2024 Portfolio in Review

As of Q2 2024, Formula Growth held 129 positions worth $275M, down 12% from $313M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Formula Growth withdrew a net $17.4M in Q2 2024, closing 20 positions and reducing 53 holdings. Its most notable exit was Dave & Buster's, an estimated $8.03M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Crocs worth $8.84M.

  • Formula Growth's largest Q2 2024 buy was Crocs: 60,600 shares worth $8.84M.
  • Formula Growth added most to Wayfair in Q2 2024, an estimated $6.13M increase.
  • Formula Growth's biggest Q2 2024 reduction was Marvell Technology, cutting an estimated $3.18M.
  • Formula Growth fully exited Dave & Buster's in Q2 2024, selling an estimated $8.03M.
  • Formula Growth's ten largest holdings make up 26% of its $275M portfolio in Q2 2024.
  • Formula Growth opened 17 new positions and closed 20 in Q2 2024.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $275M.

Based on Formula Growth's 13F filing for Q2 2024, filed 13 Aug 2024.