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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
IAS
101
DELISTED
Integral Ad Science
IAS
$698K 0.22%
+70,000
New +$934K
HCI icon
102
HCI Group
HCI
$2.32B
$696K 0.22%
+6,000
New +$589K
SMTC icon
103
Semtech
SMTC
$12.2B
$687K 0.22%
25,000
-75,000
-75% -$1.6M
CNTY icon
104
Century Casinos
CNTY
$35.7M
$632K 0.2%
200,000
– –
BRBR icon
105
BellRing Brands
BRBR
$1.24B
$629K 0.2%
10,659
-10,000
-48% -$569K
SMAR
106
DELISTED
Smartsheet Inc.
SMAR
$608K 0.19%
15,796
– –
VCYT icon
107
Veracyte
VCYT
$3.48B
$598K 0.19%
27,000
– –
UDMY
108
DELISTED
Udemy
UDMY
$549K 0.18%
50,000
+10,000
+25% +$124K
CERS icon
109
Cerus
CERS
$534M
$458K 0.15%
242,290
– –
STAA icon
110
STAAR Surgical
STAA
$1.11B
$390K 0.12%
10,200
– –
MODV
111
DELISTED
ModivCare
MODV
$281K 0.09%
12,000
– –
TTEC icon
112
TTEC Holdings
TTEC
$69M
$104K 0.03%
10,000
– –
ALB icon
113
Albemarle
ALB
$16.2B
– –
-12,000
Closed -$1.73M
APP icon
114
Applovin
APP
$106B
– –
-50,000
Closed -$1.99M
ARRY icon
115
Array Technologies
ARRY
$707M
– –
-39,200
Closed -$659K
BABA icon
116
Alibaba
BABA
$296B
– –
-34,876
Closed -$2.7M
BURL icon
117
Burlington
BURL
$17.1B
– –
-15,000
Closed -$2.92M
CART icon
118
Maplebear
CART
$11.7B
– –
-86,105
Closed -$2.02M
COOK icon
119
Traeger
COOK
$156M
– –
-4,765
Closed -$650K
CWK icon
120
Cushman & Wakefield Ltd
CWK
$3.31B
– –
-218,700
Closed -$2.36M
DESP
121
DELISTED
Despegar.com
DESP
– –
-145,686
Closed -$1.38M
EME icon
122
Emcor
EME
$32.6B
– –
-5,900
Closed -$1.27M
FIS icon
123
Fidelity National Information Services
FIS
$21.4B
– –
-68,456
Closed -$4.11M
HLX icon
124
Helix Energy Solutions
HLX
$1.49B
– –
-331,000
Closed -$3.4M
HPP
125
Hudson Pacific Properties
HPP
$713M
– –
-42,857
Closed -$2.79M
2 3 4
5
6

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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
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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.