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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
KEX icon
101
Kirby Corp
KEX
$7.34B
$972K 0.33%
11,745
– –
RMAX
102
DELISTED
RE/MAX Holdings
RMAX
$957K 0.33%
+73,980
New +$1.29M
CALX icon
103
Calix
CALX
$2.36B
$917K 0.31%
+20,000
New +$905K
SKWD icon
104
Skyward Specialty Insurance
SKWD
$2.36B
$903K 0.31%
+33,000
New +$822K
RXO icon
105
RXO
RXO
$3.61B
$888K 0.3%
45,000
– –
PLCE icon
106
Children's Place
PLCE
$54.9M
$880K 0.3%
+32,545
New +$883K
TNDM icon
107
Tandem Diabetes Care
TNDM
$1.49B
$846K 0.29%
40,746
+17,000
+72% +$467K
LIND icon
108
Lindblad Expeditions
LIND
$1.94B
$845K 0.29%
+117,403
New +$1.12M
SLG icon
109
SL Green Realty
SLG
$4.08B
$839K 0.29%
22,500
-17,500
-44% -$629K
PGTI
110
DELISTED
PGT, Inc.
PGTI
$833K 0.28%
30,000
– –
CMPR icon
111
Cimpress
CMPR
$2.17B
$791K 0.27%
11,300
– –
WW
112
DELISTED
WW International
WW
$691K 0.24%
62,428
-235,072
-79% -$2.31M
ZD icon
113
Ziff Davis
ZD
$1.91B
$689K 0.24%
10,821
– –
RSKD icon
114
Riskified
RSKD
$833M
$672K 0.23%
+150,000
New +$691K
HOUS
115
DELISTED
Anywhere Real Estate
HOUS
$641K 0.22%
99,741
-310,000
-76% -$2.26M
SMAR
116
DELISTED
Smartsheet Inc.
SMAR
$639K 0.22%
15,796
– –
GDX icon
117
VanEck Gold Miners ETF
GDX
$31B
$632K 0.22%
23,500
– –
MOND
118
DELISTED
Mondee Holdings, Inc. Class A Common Stock
MOND
$628K 0.21%
175,777
-1,973
-1% -$13.2K
RL icon
119
Ralph Lauren
RL
$21.1B
$615K 0.21%
+5,300
New +$642K
VCYT icon
120
Veracyte
VCYT
$3.48B
$603K 0.21%
27,000
-15,000
-36% -$386K
PDD icon
121
Pinduoduo
PDD
$122B
$549K 0.19%
5,600
– –
PRMW
122
DELISTED
Primo Water Corporation
PRMW
$539K 0.18%
+39,094
New +$559K
FSLR icon
123
First Solar
FSLR
$22B
$524K 0.18%
3,243
-77
-2% -$14.4K
NOVA
124
DELISTED
Sunnova Energy
NOVA
$524K 0.18%
50,000
+40,000
+400% +$625K
ARAY icon
125
Accuray
ARAY
$32.7M
$501K 0.17%
+184,366
New +$608K
3 4
5
6 7

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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
William Mack & Associates Troy, Michigan $284M AUM 19.06% 1-Year Est. Return
CWA
Choice Wealth Advisors Waterville, Maine $285M AUM 19.08% 1-Year Est. Return

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.