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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
NVEE
76
DELISTED
NV5 Global
NVEE
$1.49M 0.51%
62,000
-8,000
-11% -$206K
WELL icon
77
Welltower
WELL
$172B
$1.48M 0.5%
18,019
-293
-2% -$24.1K
DHT icon
78
DHT Holdings
DHT
$3.17B
$1.47M 0.5%
143,152
+48,000
+50% +$449K
BRBR icon
79
BellRing Brands
BRBR
$1.24B
$1.4M 0.48%
34,059
-9,700
-22% -$372K
CPA icon
80
Copa Holdings
CPA
$5.29B
$1.38M 0.47%
15,500
– –
EQT icon
81
EQT Corp
EQT
$34.1B
$1.38M 0.47%
34,009
-25,000
-42% -$1.03M
AX icon
82
Axos Financial
AX
$5.55B
$1.35M 0.46%
35,624
– –
VSXY
83
Victoria's Secret
VSXY
$6.98B
$1.3M 0.45%
78,172
+38,172
+95% +$722K
HAS icon
84
Hasbro
HAS
$13.3B
$1.29M 0.44%
+19,500
New +$1.29M
HOMB icon
85
Home BancShares
HOMB
$5.93B
$1.23M 0.42%
58,912
– –
FWRD icon
86
Forward Air
FWRD
$574M
$1.2M 0.41%
+17,500
New +$1.54M
PHLT
87
DELISTED
Performant Healthcare Inc
PHLT
$1.18M 0.4%
520,000
– –
QIPT
88
DELISTED
Quipt Home Medical
QIPT
$1.16M 0.39%
227,234
-2,466
-1% -$13.2K
EEFT icon
89
Euronet Worldwide
EEFT
$2.62B
$1.15M 0.39%
14,500
– –
DBX icon
90
Dropbox
DBX
$7.76B
$1.15M 0.39%
42,200
-14,800
-26% -$403K
WIX icon
91
WIX.com
WIX
$3.67B
$1.15M 0.39%
12,500
– –
SVC
92
Service Properties Trust
SVC
$1.02B
$1.14M 0.39%
29,661
-16,858
-36% -$701K
SHLS icon
93
Shoals Technologies Group
SHLS
$1.2B
$1.12M 0.38%
61,175
+30,500
+99% +$679K
TSN icon
94
Tyson Foods
TSN
$19.5B
$1.12M 0.38%
+22,101
New +$1.18M
LEA icon
95
Lear
LEA
$8.26B
$1.07M 0.37%
+8,000
New +$1.16M
BBW icon
96
Build-A-Bear
BBW
$374M
$1.06M 0.36%
+36,000
New +$910K
PI icon
97
Impinj
PI
$5.2B
$1.05M 0.36%
+19,000
New +$1.29M
CNTY icon
98
Century Casinos
CNTY
$35.7M
$1.03M 0.35%
200,000
– –
COOK icon
99
Traeger
COOK
$156M
$1.03M 0.35%
7,515
+3,127
+71% +$663K
FCFS icon
100
FirstCash
FCFS
$9.51B
$1M 0.34%
10,000
– –
2 3
4
5 6

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MWM
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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 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.