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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
FCFS icon
101
FirstCash
FCFS
$9.51B
$954K 0.31%
10,000
– –
VCYT icon
102
Veracyte
VCYT
$3.48B
$937K 0.3%
42,000
– –
RXO icon
103
RXO
RXO
$3.61B
$884K 0.28%
45,000
– –
TIXT
104
DELISTED
TELUS International
TIXT
$847K 0.27%
41,875
– –
ZD icon
105
Ziff Davis
ZD
$1.91B
$845K 0.27%
10,821
– –
KEX icon
106
Kirby Corp
KEX
$7.34B
$819K 0.26%
11,745
– –
AMBA icon
107
Ambarella
AMBA
$3.1B
$774K 0.25%
10,000
– –
SIRI icon
108
SiriusXM
SIRI
$9.62B
$772K 0.25%
19,440
– –
NXT icon
109
Nextpower Inc. Common Stock
NXT
$13B
$761K 0.25%
+21,000
New +$665K
SMAR
110
DELISTED
Smartsheet Inc.
SMAR
$755K 0.24%
15,796
– –
PGTI
111
DELISTED
PGT, Inc.
PGTI
$753K 0.24%
30,000
– –
CERS icon
112
Cerus
CERS
$534M
$720K 0.23%
242,290
– –
BXC icon
113
BlueLinx
BXC
$624M
$718K 0.23%
10,562
-48,000
-82% -$3.88M
UNG icon
114
United States Natural Gas Fund
UNG
$520M
$694K 0.22%
+25,000
New +$908K
STAA icon
115
STAAR Surgical
STAA
$1.11B
$652K 0.21%
10,200
– –
BV icon
116
BrightView Holdings
BV
$1.04B
$618K 0.2%
+110,000
New +$742K
TTEC icon
117
TTEC Holdings
TTEC
$69M
$558K 0.18%
15,000
-5,000
-25% -$224K
GDX icon
118
VanEck Gold Miners ETF
GDX
$31B
$553K 0.18%
17,100
-10,900
-39% -$330K
EPAM icon
119
EPAM Systems
EPAM
$5.92B
$546K 0.18%
1,826
– –
CMPR icon
120
Cimpress
CMPR
$2.17B
$495K 0.16%
11,300
– –
PSFE icon
121
Paysafe
PSFE
$355M
$485K 0.16%
28,076
-15,000
-35% -$292K
KRNT icon
122
Kornit Digital
KRNT
$718M
$474K 0.15%
24,500
– –
USO icon
123
United States Oil Fund
USO
$2.03B
$471K 0.15%
7,090
-5,000
-41% -$333K
FIS icon
124
Fidelity National Information Services
FIS
$21.4B
$439K 0.14%
8,073
-4,000
-33% -$260K
PDD icon
125
Pinduoduo
PDD
$122B
$417K 0.13%
5,500
+500
+10% +$45.2K
3 4
5
6 7

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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.