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FG
Formula Growth Portfolio holdings
AUM
$284M
Turnover
33.14%
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
(+0.3%)
Cap. Flow
-$14.6M
Cap. Flow % of AUM
Cap. Flow %
-4.66%
Top 10 Holdings %
Top 10 Hldgs %
23.08%
Holding
150
New
22
Increased
20
Reduced
42
Closed
38
Avg Time Held
3.3
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$7.25M |
| 2 |
Ultra Clean Holdings
UCTT
|
+$6.56M |
| 3 |
Monolithic Power Systems
MPWR
|
+$6.56M |
| 4 |
Marvell Technology
MRVL
|
+$6.2M |
| 5 |
Dave & Buster's
PLAY
|
+$4.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$4.11M |
| 2 |
Stratasys
SSYS
|
+$3.57M |
| 3 |
Hornbeck Offshore Services, Inc.
HOS
|
+$3.4M |
| 4 |
Okta
OKTA
|
+$3.26M |
| 5 |
NeoGenomics
NEO
|
+$3.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.91% |
| 2 | Healthcare | 20.37% |
| 3 | Consumer Discretionary | 17.29% |
| 4 | Industrials | 17.18% |
| 5 | Communication Services | 5.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
DELISTED
Integral Ad Science
IAS
| $698K | 0.22% |
+70,000
| New | +$934K |
2024 Q1
0 quarters
|
|
102
HCI Group
HCI
$2.47B
| $696K | 0.22% |
+6,000
| New | +$589K |
2024 Q1
0 quarters
|
|
103
Semtech
SMTC
$12.8B
| $687K | 0.22% |
25,000
-75,000
| -75% | -$1.6M |
2023 Q4
1 quarter
|
|
104
Century Casinos
CNTY
$22.2M
| $632K | 0.2% |
200,000
| – | – |
2017 Q4
25 quarters
|
|
105
BellRing Brands
BRBR
$1.1B
| $629K | 0.2% |
10,659
-10,000
| -48% | -$569K |
2022 Q2
7 quarters
|
|
106
DELISTED
Smartsheet Inc.
SMAR
| $608K | 0.19% |
15,796
| – | – |
2019 Q2
19 quarters
|
|
107
Veracyte
VCYT
$3.47B
| $598K | 0.19% |
27,000
| – | – |
2018 Q3
22 quarters
|
|
108
DELISTED
Udemy
UDMY
| $549K | 0.18% |
50,000
+10,000
| +25% | +$124K |
2023 Q4
1 quarter
|
|
109
Cerus
CERS
$439M
| $458K | 0.15% |
242,290
| – | – |
2018 Q1
24 quarters
|
|
110
STAAR Surgical
STAA
$1.07B
| $390K | 0.12% |
10,200
| – | – |
2019 Q1
20 quarters
|
|
111
DELISTED
ModivCare
MODV
| $281K | 0.09% |
12,000
| – | – |
2015 Q4
33 quarters
|
|
112
TTEC Holdings
TTEC
$74.4M
| $104K | 0.03% |
10,000
| – | – |
2020 Q2
15 quarters
|
|
113
Albemarle
ALB
$11.3B
| – | – |
-12,000
| Closed | -$1.73M | – |
|
114
Applovin
APP
$89.1B
| – | – |
-50,000
| Closed | -$1.99M | – |
|
115
Array Technologies
ARRY
$528M
| – | – |
-39,200
| Closed | -$659K | – |
|
116
Alibaba
BABA
$271B
| – | – |
-34,876
| Closed | -$2.7M | – |
|
117
Burlington
BURL
$16.5B
| – | – |
-15,000
| Closed | -$2.92M | – |
|
118
Maplebear
CART
$11.8B
| – | – |
-86,105
| Closed | -$2.02M | – |
|
119
Traeger
COOK
$124M
| – | – |
-4,765
| Closed | -$650K | – |
|
120
Cushman & Wakefield Ltd
CWK
$2.65B
| – | – |
-218,700
| Closed | -$2.36M | – |
|
121
DELISTED
Despegar.com
DESP
| – | – |
-145,686
| Closed | -$1.38M | – |
|
122
Emcor
EME
$31.8B
| – | – |
-5,900
| Closed | -$1.27M | – |
|
|
123
Fidelity National Information Services
FIS
$18.6B
| – | – |
-68,456
| Closed | -$4.11M | – |
|
|
124
Hornbeck Offshore Services, Inc.
HOS
$2.24B
| – | – |
-331,000
| Closed | -$3.4M | – |
|
125
Hudson Pacific Properties
HPP
$559M
| – | – |
-42,857
| Closed | -$2.79M | – |
|
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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 Consumer Discretionary.
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.