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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
+13.2%
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
$310M
AUM Growth
-$42.6M
Cap. Flow
-$55.8M
Cap. Flow %
-17.96%
Top 10 Hldgs %
21.92%
Holding
156
New
27
Increased
11
Reduced
53
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$8.22M
2
W icon
Wayfair
W
+$5.93M
3
XMTR icon
Xometry
XMTR
+$4.86M
4
CWAN
Clearwater Analytics
CWAN
+$3.85M
5
MRVL icon
Marvell Technology
MRVL
+$3.71M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$8.15M
2
Z icon
Zillow
Z
+$7.77M
3
FIVE icon
Five Below
FIVE
+$6.86M
4
UBER icon
Uber
UBER
+$6.08M
5
IAA
IAA, Inc. Common Stock
IAA
+$4.99M

Sector Composition

Rank Sector Weight
1 Technology 32.37%
2 Healthcare 19.08%
3 Consumer Discretionary 16.57%
4 Industrials 11.87%
5 Communication Services 8.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LAW icon
76
CS Disco
LAW
$282M
$1.66M 0.53%
+250,000
New +$1.78M
CWST icon
77
Casella Waste Systems
CWST
$5.96B
$1.61M 0.52%
19,500
-2,000
-9% -$158K
DESP
78
DELISTED
Despegar.com
DESP
$1.58M 0.51%
256,755
-54,000
-17% -$335K
DBX icon
79
Dropbox
DBX
$7.76B
$1.56M 0.5%
72,000
– –
CERT icon
80
Certara
CERT
$1.27B
$1.49M 0.48%
+62,000
New +$1.22M
XEL icon
81
Xcel Energy
XEL
$47.8B
$1.48M 0.48%
+22,000
New +$1.48M
META icon
82
Meta Platforms (Facebook)
META
$1.47T
$1.48M 0.48%
7,000
-1,000
-13% -$170K
EXFY icon
83
Expensify
EXFY
$235M
$1.47M 0.47%
+180,000
New +$1.6M
CNTY icon
84
Century Casinos
CNTY
$35.7M
$1.47M 0.47%
200,000
– –
AX icon
85
Axos Financial
AX
$5.55B
$1.46M 0.47%
39,624
– –
XPO icon
86
XPO
XPO
$22.1B
$1.44M 0.46%
45,000
– –
BLDR icon
87
Builders FirstSource
BLDR
$7.29B
$1.43M 0.46%
16,134
– –
CPA icon
88
Copa Holdings
CPA
$5.29B
$1.43M 0.46%
15,500
– –
HOMB icon
89
Home BancShares
HOMB
$5.93B
$1.41M 0.45%
64,912
– –
BGC icon
90
BGC Group
BGC
$5.76B
$1.39M 0.45%
265,541
-45,000
-14% -$206K
SOFI icon
91
SoFi Technologies
SOFI
$23.3B
$1.34M 0.43%
+220,000
New +$1.33M
WIX icon
92
WIX.com
WIX
$3.67B
$1.25M 0.4%
12,500
– –
Z icon
93
Zillow
Z
$8.02B
$1.24M 0.4%
27,816
-182,900
-87% -$7.77M
FCX icon
94
Freeport-McMoran
FCX
$110B
$1.22M 0.39%
29,919
-9,339
-24% -$388K
OTLY
95
Oatly Group
OTLY
$468M
$1.22M 0.39%
+25,185
New +$1.18M
DM
96
DELISTED
Desktop Metal, Inc.
DM
$1.15M 0.37%
+50,000
New +$944K
EQT icon
97
EQT Corp
EQT
$34.1B
$1.12M 0.36%
+35,000
New +$1.12M
STKL
98
DELISTED
SunOpta
STKL
$1.02M 0.33%
132,584
-87,000
-40% -$696K
MODV
99
DELISTED
ModivCare
MODV
$1.01M 0.33%
12,000
-3,000
-20% -$289K
TNDM icon
100
Tandem Diabetes Care
TNDM
$1.49B
$964K 0.31%
23,746
-23,507
-50% -$973K
2 3
4
5 6

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VWM
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BP
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CA
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1W
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WMA
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CWA
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Formula Growth's Q1 2023 Portfolio in Review

As of Q1 2023, Formula Growth held 156 positions worth $310M, down 12% from $353M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $55.8M in Q1 2023, closing 27 positions and reducing 53 holdings. Its most notable exit was ServiceNow, an estimated $8.15M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Alibaba worth $8.39M.

  • Formula Growth's largest Q1 2023 buy was Alibaba: 82,100 shares worth $8.39M.
  • Formula Growth added most to NeoGenomics in Q1 2023, an estimated $1.43M increase.
  • Formula Growth's biggest Q1 2023 reduction was Zillow, cutting an estimated $7.77M.
  • Formula Growth fully exited ServiceNow in Q1 2023, selling an estimated $8.15M.
  • Formula Growth's ten largest holdings make up 22% of its $310M portfolio in Q1 2023.
  • Formula Growth opened 27 new positions and closed 27 in Q1 2023.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $310M.

Based on Formula Growth's 13F filing for Q1 2023, filed 12 May 2023.