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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
NOTV
76
DELISTED
Inotiv
NOTV
$1.54M 0.49%
+141,000
New +$843K
PHLT
77
DELISTED
Performant Healthcare Inc
PHLT
$1.53M 0.49%
520,000
– –
NVEE
78
DELISTED
NV5 Global
NVEE
$1.52M 0.49%
62,000
– –
TREE icon
79
LendingTree
TREE
$407M
$1.5M 0.48%
35,472
-5,771
-14% -$202K
PHIN icon
80
Phinia Inc
PHIN
$2.52B
$1.48M 0.47%
38,600
+13,600
+54% +$443K
HOMB icon
81
Home BancShares
HOMB
$5.93B
$1.45M 0.46%
58,912
– –
RYAN icon
82
Ryan Specialty Holdings
RYAN
$11.2B
$1.39M 0.44%
+25,000
New +$1.19M
EA
83
DELISTED
Electronic Arts
EA
$1.35M 0.43%
10,200
-2,000
-16% -$275K
W icon
84
Wayfair
W
$14.2B
$1.35M 0.43%
+19,839
New +$1.12M
FCFS icon
85
FirstCash
FCFS
$9.51B
$1.28M 0.41%
10,000
– –
RVLV icon
86
Revolve Group
RVLV
$1.63B
$1.27M 0.41%
+60,000
New +$1.05M
NOVA
87
DELISTED
Sunnova Energy
NOVA
$1.27M 0.41%
207,000
+127,000
+159% +$1.15M
EXFY icon
88
Expensify
EXFY
$235M
$1.2M 0.38%
650,000
+125,000
+24% +$237K
KEX icon
89
Kirby Corp
KEX
$7.34B
$1.12M 0.36%
11,745
– –
PTLO icon
90
Portillo's
PTLO
$341M
$1.11M 0.35%
+78,000
New +$1.08M
CTLP
91
DELISTED
Cantaloupe
CTLP
$1.07M 0.34%
166,795
-20,000
-11% -$132K
CMPR icon
92
Cimpress
CMPR
$2.17B
$1M 0.32%
11,300
– –
RXO icon
93
RXO
RXO
$3.61B
$984K 0.31%
45,000
– –
TEAM icon
94
Atlassian
TEAM
$48.2B
$976K 0.31%
+5,000
New +$1.09M
LEA icon
95
Lear
LEA
$8.26B
$839K 0.27%
5,790
-2,210
-28% -$302K
RUN icon
96
Sunrun
RUN
$2.11B
$817K 0.26%
62,000
+22,000
+55% +$302K
MEI icon
97
Methode Electronics
MEI
$646M
$790K 0.25%
64,885
-4,000
-6% -$75.6K
IQV icon
98
IQVIA
IQV
$43.1B
$784K 0.25%
+3,100
New +$724K
BGC icon
99
BGC Group
BGC
$5.76B
$734K 0.23%
94,459
-294,814
-76% -$2.19M
DBX icon
100
Dropbox
DBX
$7.76B
$734K 0.23%
30,200
-12,000
-28% -$336K
2 3
4
5 6

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WMA
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CWA
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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.