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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
+9.21%
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
$353M
AUM Growth
+$3.15M
Cap. Flow
-$25.3M
Cap. Flow %
-7.18%
Top 10 Hldgs %
22.4%
Holding
149
New
22
Increased
19
Reduced
37
Closed
20

Top Buys

Rank Stock Value
1
TEAM icon
Atlassian
TEAM
+$4.78M
2
NOW icon
ServiceNow
NOW
+$4.3M
3
RL icon
Ralph Lauren
RL
+$3.75M
4
SHLS icon
Shoals Technologies Group
SHLS
+$3.33M
5
GMED icon
Globus Medical
GMED
+$3.1M

Top Sells

Rank Stock Value
1
APP icon
Applovin
APP
+$4.87M
2
EFOR
Everforth Inc
EFOR
+$4.26M
3
STNE icon
StoneCo
STNE
+$3.93M
4
MDB icon
MongoDB
MDB
+$3.18M
5
BBSI icon
Barrett Business Services
BBSI
+$3.16M

Sector Composition

Rank Sector Weight
1 Technology 31.04%
2 Consumer Discretionary 16.75%
3 Healthcare 14.5%
4 Industrials 11.56%
5 Communication Services 9.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WIX icon
101
WIX.com
WIX
$3.67B
$960K 0.27%
12,500
– –
GAP
102
The Gap Inc
GAP
$8.45B
$959K 0.27%
+85,000
New +$1.02M
UP icon
103
Wheels Up
UP
$177M
$912K 0.26%
4,429
– –
TAP icon
104
Molson Coors Class B
TAP
$7.73B
$906K 0.26%
17,585
-40,000
-69% -$2.05M
CERS icon
105
Cerus
CERS
$534M
$884K 0.25%
242,290
– –
TTEC icon
106
TTEC Holdings
TTEC
$69M
$883K 0.25%
20,000
– –
FCFS icon
107
FirstCash
FCFS
$9.51B
$869K 0.25%
10,000
– –
ZD icon
108
Ziff Davis
ZD
$1.91B
$856K 0.24%
10,821
– –
USO icon
109
United States Oil Fund
USO
$2.03B
$848K 0.24%
+12,090
New +$846K
TIXT
110
DELISTED
TELUS International
TIXT
$829K 0.23%
41,875
-67,609
-62% -$1.49M
AMBA icon
111
Ambarella
AMBA
$3.1B
$822K 0.23%
+10,000
New +$666K
FIS icon
112
Fidelity National Information Services
FIS
$21.4B
$819K 0.23%
12,073
– –
GDX icon
113
VanEck Gold Miners ETF
GDX
$31B
$802K 0.23%
+28,000
New +$748K
RXO icon
114
RXO
RXO
$3.61B
$774K 0.22%
+45,000
New +$798K
KEX icon
115
Kirby Corp
KEX
$7.34B
$756K 0.21%
11,745
– –
SMAR
116
DELISTED
Smartsheet Inc.
SMAR
$622K 0.18%
15,796
– –
EPAM icon
117
EPAM Systems
EPAM
$5.92B
$598K 0.17%
1,826
– –
PSFE icon
118
Paysafe
PSFE
$355M
$598K 0.17%
43,076
+8,335
+24% +$135K
KRNT icon
119
Kornit Digital
KRNT
$718M
$563K 0.16%
24,500
– –
QID icon
120
ProShares UltraShort QQQ
QID
$216M
$545K 0.15%
+4,200
New +$521K
PGTI
121
DELISTED
PGT, Inc.
PGTI
$539K 0.15%
30,000
– –
STAA icon
122
STAAR Surgical
STAA
$1.11B
$495K 0.14%
10,200
– –
CSII
123
DELISTED
Cardiovascular Systems, Inc.
CSII
$473K 0.13%
34,722
– –
PDD icon
124
Pinduoduo
PDD
$122B
$408K 0.12%
+5,000
New +$348K
CMPR icon
125
Cimpress
CMPR
$2.17B
$312K 0.09%
11,300
– –
2 3 4
5
6

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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 Q4 2022 Portfolio in Review

As of Q4 2022, Formula Growth held 149 positions worth $353M, up 0.9% from $350M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $25.3M in Q4 2022, closing 20 positions and reducing 37 holdings. Its most notable exit was Applovin, an estimated $4.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Atlassian worth $3.86M.

  • Formula Growth's largest Q4 2022 buy was Atlassian: 30,000 shares worth $3.86M.
  • Formula Growth added most to ServiceNow in Q4 2022, an estimated $4.3M increase.
  • Formula Growth's biggest Q4 2022 reduction was StoneCo, cutting an estimated $3.93M.
  • Formula Growth fully exited Applovin in Q4 2022, selling an estimated $4.87M.
  • Formula Growth's ten largest holdings make up 22% of its $353M portfolio in Q4 2022.
  • Formula Growth opened 22 new positions and closed 20 in Q4 2022.
  • Formula Growth's portfolio value rose 0.9% quarter-over-quarter to $353M.

Based on Formula Growth's 13F filing for Q4 2022, filed 13 Feb 2023.