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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
+9.21%
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
(+0.9%)
Cap. Flow
-$25.3M
Cap. Flow % of AUM
Cap. Flow %
-7.18%
Top 10 Holdings %
Top 10 Hldgs %
22.4%
Holding
149
New
22
Increased
19
Reduced
37
Closed
20
Avg Time Held
Equity + Options
2.9
years
Top 10 Avg Time Held
Equity + Options
0.4
years
Top 20 Avg Time Held
Equity + Options
0.7
years
Avg Time Held Equity only
2.9
years
Top 10 Avg Time Held Equity only
0.4
years
Top 20 Avg Time Held Equity only
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlassian
TEAM
|
+$4.78M |
| 2 |
ServiceNow
NOW
|
+$4.3M |
| 3 |
Ralph Lauren
RL
|
+$3.75M |
| 4 |
Shoals Technologies Group
SHLS
|
+$3.33M |
| 5 |
Globus Medical
GMED
|
+$3.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$4.87M |
| 2 |
Everforth Inc
EFOR
|
+$4.26M |
| 3 |
StoneCo
STNE
|
+$3.93M |
| 4 |
MongoDB
MDB
|
+$3.18M |
| 5 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
126
Katapult Holdings
KPLT
$545M
| $292K | 0.08% |
12,221
| – | – |
2021 Q1
7 quarters
|
|
127
Cerence
CRNC
$404M
| $241K | 0.07% |
12,989
| – | – |
2019 Q4
12 quarters
|
|
128
Upland Software
UPLD
$10M
| $199K | 0.06% |
2,790
| – | – |
2017 Q2
22 quarters
|
|
129
Consensus Cloud Solutions
CCSI
$648M
| $194K | 0.05% |
3,607
| – | – |
2021 Q4
4 quarters
|
|
130
American Superconductor
AMSC
$1.24B
| – | – |
-65,000
| Closed | -$285K | – |
|
|
131
Applovin
APP
$89.1B
| – | – |
-250,000
| Closed | -$4.87M | – |
|
|
132
Everforth Inc
EFOR
$1.57B
| – | – |
-47,157
| Closed | -$4.26M | – |
|
|
133
Barrett Business Services
BBSI
$789M
| – | – |
-161,920
| Closed | -$3.16M | – |
|
134
Boot Barn
BOOT
$3.69B
| – | – |
-16,900
| Closed | -$988K | – |
|
135
CareDx
CDNA
$3.31B
| – | – |
-157,681
| Closed | -$2.68M | – |
|
136
Genesco
GCO
$401M
| – | – |
-14,300
| Closed | -$562K | – |
|
137
KraneShares CSI China Internet ETF
KWEB
$4.45B
| – | – |
-111,200
| Closed | -$2.74M | – |
|
138
Pulmonx
LUNG
$76.4M
| – | – |
-20,034
| Closed | -$334K | – |
|
139
Mattel
MAT
$4.91B
| – | – |
-166,049
| Closed | -$3.14M | – |
|
|
140
MongoDB
MDB
$27.2B
| – | – |
-16,000
| Closed | -$3.18M | – |
|
141
MillerKnoll
MLKN
$1.45B
| – | – |
-45,531
| Closed | -$710K | – |
|
142
DELISTED
Paramount Global Class B
PARA
| – | – |
-108,962
| Closed | -$2.08M | – |
|
143
Pacira BioSciences
PCRX
$1.45B
| – | – |
-42,832
| Closed | -$2.28M | – |
|
144
Peloton Interactive
PTON
$2.29B
| – | – |
-174,000
| Closed | -$1.21M | – |
|
145
Rimini Street
RMNI
$374M
| – | – |
-603,080
| Closed | -$2.81M | – |
|
146
Shutterstock
SSTK
$164M
| – | – |
-39,695
| Closed | -$1.99M | – |
|
147
Walker & Dunlop
WD
$1.12B
| – | – |
-32,500
| Closed | -$2.72M | – |
|
148
DELISTED
Splunk Inc
SPLK
| – | – |
-35,000
| Closed | -$2.63M | – |
|
|
AVYA
149
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| – | – |
-123,064
| Closed | -$196K | – |
|
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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.