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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
+13.2%
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
$310M
AUM Growth
-$42.6M
Cap. Flow
-$55.8M
Cap. Flow %
-17.96%
Top 10 Hldgs %
21.92%
Holding
156
New
27
Increased
11
Reduced
53
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$8.22M
2
W icon
Wayfair
W
+$5.93M
3
XMTR icon
Xometry
XMTR
+$4.86M
4
CWAN
Clearwater Analytics
CWAN
+$3.85M
5
MRVL icon
Marvell Technology
MRVL
+$3.71M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$8.15M
2
Z icon
Zillow
Z
+$7.77M
3
FIVE icon
Five Below
FIVE
+$6.86M
4
UBER icon
Uber
UBER
+$6.08M
5
IAA
IAA, Inc. Common Stock
IAA
+$4.99M

Sector Composition

Rank Sector Weight
1 Technology 32.37%
2 Healthcare 19.08%
3 Consumer Discretionary 16.57%
4 Industrials 11.87%
5 Communication Services 8.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QID icon
126
ProShares UltraShort QQQ
QID
$216M
$369K 0.12%
4,200
– –
UP icon
127
Wheels Up
UP
$177M
$177K 0.06%
1,399
-3,030
-68% -$672K
CCSI icon
128
Consensus Cloud Solutions
CCSI
$696M
$123K 0.04%
3,607
– –
KPLT icon
129
Katapult Holdings
KPLT
$483M
$47K 0.02%
4,221
-8,000
-65% -$174K
ALHC icon
130
Alignment Healthcare
ALHC
$2.83B
– –
-190,400
Closed -$2.24M
ASHR icon
131
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
– –
-450,000
Closed -$12.6M
CRNC icon
132
Cerence
CRNC
$384M
– –
-12,989
Closed -$241K
DKNG icon
133
DraftKings
DKNG
$12.5B
– –
-86,674
Closed -$987K
FDX icon
134
FedEx
FDX
$78.3B
– –
-19,700
Closed -$3.41M
FIVE icon
135
Five Below
FIVE
$13.4B
– –
-38,802
Closed -$6.86M
FSLR icon
136
First Solar
FSLR
$22B
– –
-10,000
Closed -$1.5M
GMED icon
137
Globus Medical
GMED
$11.1B
– –
-45,600
Closed -$3.39M
HELE icon
138
Helen of Troy
HELE
$667M
– –
-15,000
Closed -$1.66M
JETS icon
139
US Global Jets ETF
JETS
$783M
– –
-131,884
Closed -$2.25M
KBH icon
140
KB Home
KBH
$3.36B
– –
-56,000
Closed -$1.78M
LRN icon
141
Stride
LRN
$3.61B
– –
-105,006
Closed -$3.28M
LYFT icon
142
Lyft
LYFT
$6.7B
– –
-200,000
Closed -$2.2M
NOK icon
143
Nokia
NOK
$57.2B
– –
-840,000
Closed -$3.9M
NOW icon
144
ServiceNow
NOW
$150B
– –
-105,000
Closed -$8.15M
RL icon
145
Ralph Lauren
RL
$21.1B
– –
-37,500
Closed -$3.96M
ROST icon
146
Ross Stores
ROST
$73.3B
– –
-16,500
Closed -$1.92M
SPOT icon
147
Spotify
SPOT
$113B
– –
-35,000
Closed -$2.76M
TAP icon
148
Molson Coors Class B
TAP
$7.73B
– –
-17,585
Closed -$906K
TEAM icon
149
Atlassian
TEAM
$48.2B
– –
-30,000
Closed -$3.86M
UPLD icon
150
Upland Software
UPLD
$13.9M
– –
-2,790
Closed -$199K
3 4 5
6
7

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VWM
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BP
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CA
Cumberland Advisors Sarasota, Florida $284M AUM 27.11% 1-Year Est. Return
1W
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WMA
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CWA
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Formula Growth's Q1 2023 Portfolio in Review

As of Q1 2023, Formula Growth held 156 positions worth $310M, down 12% from $353M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $55.8M in Q1 2023, closing 27 positions and reducing 53 holdings. Its most notable exit was ServiceNow, an estimated $8.15M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Alibaba worth $8.39M.

  • Formula Growth's largest Q1 2023 buy was Alibaba: 82,100 shares worth $8.39M.
  • Formula Growth added most to NeoGenomics in Q1 2023, an estimated $1.43M increase.
  • Formula Growth's biggest Q1 2023 reduction was Zillow, cutting an estimated $7.77M.
  • Formula Growth fully exited ServiceNow in Q1 2023, selling an estimated $8.15M.
  • Formula Growth's ten largest holdings make up 22% of its $310M portfolio in Q1 2023.
  • Formula Growth opened 27 new positions and closed 27 in Q1 2023.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $310M.

Based on Formula Growth's 13F filing for Q1 2023, filed 12 May 2023.