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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
KPLT icon
126
Katapult Holdings
KPLT
$483M
$292K 0.08%
12,221
– –
CRNC icon
127
Cerence
CRNC
$384M
$241K 0.07%
12,989
– –
UPLD icon
128
Upland Software
UPLD
$13.9M
$199K 0.06%
2,790
– –
CCSI icon
129
Consensus Cloud Solutions
CCSI
$696M
$194K 0.05%
3,607
– –
AMSC icon
130
American Superconductor
AMSC
$1.38B
– –
-65,000
Closed -$285K
APP icon
131
Applovin
APP
$106B
– –
-250,000
Closed -$4.87M
EFOR
132
Everforth Inc
EFOR
$1.31B
– –
-47,157
Closed -$4.26M
BBSI icon
133
Barrett Business Services
BBSI
$833M
– –
-161,920
Closed -$3.16M
BOOT icon
134
Boot Barn
BOOT
$4.69B
– –
-16,900
Closed -$988K
CDNA icon
135
CareDx
CDNA
$2.58B
– –
-157,681
Closed -$2.68M
GCO icon
136
Genesco
GCO
$370M
– –
-14,300
Closed -$562K
KWEB icon
137
KraneShares CSI China Internet ETF
KWEB
$5.2B
– –
-111,200
Closed -$2.74M
LUNG icon
138
Pulmonx
LUNG
$102M
– –
-20,034
Closed -$334K
MAT icon
139
Mattel
MAT
$4.33B
– –
-166,049
Closed -$3.15M
MDB icon
140
MongoDB
MDB
$35.9B
– –
-16,000
Closed -$3.18M
MLKN icon
141
MillerKnoll
MLKN
$1.58B
– –
-45,531
Closed -$710K
PARA
142
DELISTED
Paramount Global Class B
PARA
– –
-108,962
Closed -$2.08M
PCRX icon
143
Pacira BioSciences
PCRX
$1.03B
– –
-42,832
Closed -$2.28M
PTON icon
144
Peloton Interactive
PTON
$2.39B
– –
-174,000
Closed -$1.21M
RMNI icon
145
Rimini Street
RMNI
$527M
– –
-603,080
Closed -$2.81M
SSTK icon
146
Shutterstock
SSTK
$221M
– –
-39,695
Closed -$1.99M
WD icon
147
Walker & Dunlop
WD
$1.42B
– –
-32,500
Closed -$2.72M
SPLK
148
DELISTED
Splunk Inc
SPLK
– –
-35,000
Closed -$2.63M
AVYA
149
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
– –
-123,064
Closed -$196K
2 3 4 5
6

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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.