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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
-8.07%
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
$293M
AUM Growth
-$21M
Cap. Flow
+$12.1M
Cap. Flow %
4.12%
Top 10 Hldgs %
21.64%
Holding
160
New
25
Increased
27
Reduced
50
Closed
24

Top Buys

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$4.85M
2
SSYS icon
Stratasys
SSYS
+$4.35M
3
SNOW icon
Snowflake
SNOW
+$4.07M
4
PLAY icon
Dave & Buster's
PLAY
+$3.97M
5
U icon
Unity
U
+$3.47M

Top Sells

Rank Stock Value
1
NEWR
New Relic, Inc.
NEWR
+$7.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$5.69M
3
PYPL icon
PayPal
PYPL
+$4.19M
4
OKTA icon
Okta
OKTA
+$3.79M
5
MRVL icon
Marvell Technology
MRVL
+$2.67M

Sector Composition

Rank Sector Weight
1 Technology 32.21%
2 Healthcare 17.43%
3 Consumer Discretionary 16.79%
4 Industrials 15.3%
5 Communication Services 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KRNT icon
126
Kornit Digital
KRNT
$718M
$463K 0.16%
24,500
– –
COPX icon
127
Global X Copper Miners ETF NEW
COPX
$8.64B
$455K 0.16%
12,500
– –
STAA icon
128
STAAR Surgical
STAA
$1.11B
$410K 0.14%
10,200
– –
CERS icon
129
Cerus
CERS
$534M
$393K 0.13%
242,290
– –
MODV
130
DELISTED
ModivCare
MODV
$378K 0.13%
12,000
– –
CUTR
131
DELISTED
Cutera, Inc.
CUTR
$378K 0.13%
62,753
-707
-1% -$8.96K
ZUO
132
DELISTED
Zuora, Inc.
ZUO
$348K 0.12%
42,261
– –
PSFE icon
133
Paysafe
PSFE
$355M
$326K 0.11%
27,156
-920
-3% -$11.2K
QID icon
134
ProShares UltraShort QQQ
QID
$216M
$294K 0.1%
4,200
– –
ARM icon
135
Arm
ARM
$255B
$268K 0.09%
+5,000
New +$277K
TTEC icon
136
TTEC Holdings
TTEC
$69M
$262K 0.09%
10,000
– –
AMBA icon
137
Ambarella
AMBA
$3.1B
– –
-10,000
Closed -$837K
APP icon
138
Applovin
APP
$106B
– –
-75,000
Closed -$1.93M
BV icon
139
BrightView Holdings
BV
$1.04B
– –
-104,280
Closed -$749K
BXC icon
140
BlueLinx
BXC
$624M
– –
-8,162
Closed -$765K
CWST icon
141
Casella Waste Systems
CWST
$5.96B
– –
-25,553
Closed -$2.31M
ENPH icon
142
Enphase Energy
ENPH
$4.92B
– –
-7,030
Closed -$1.18M
EPAM icon
143
EPAM Systems
EPAM
$5.92B
– –
-1,826
Closed -$410K
EXR icon
144
Extra Space Storage
EXR
$30.2B
– –
-15,234
Closed -$2.27M
FCX icon
145
Freeport-McMoran
FCX
$110B
– –
-28,246
Closed -$1.13M
OTLY
146
Oatly Group
OTLY
$468M
– –
-16,780
Closed -$688K
PCT icon
147
PureCycle Technologies
PCT
$1.31B
– –
-52,386
Closed -$560K
PYPL icon
148
PayPal
PYPL
$45.9B
– –
-62,840
Closed -$4.19M
RUN icon
149
Sunrun
RUN
$2.11B
– –
-10,000
Closed -$179K
SIRI icon
150
SiriusXM
SIRI
$9.62B
– –
-19,440
Closed -$881K
3 4 5
6
7

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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 Q3 2023 Portfolio in Review

As of Q3 2023, Formula Growth held 160 positions worth $293M, down 6.7% from $314M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth deployed $12.1M of net new capital in Q3 2023, opening 25 new positions and adding to 27 existing holdings. Its largest new stake was Shopify: 80,000 shares worth $4.37M.

By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Okta, an estimated $3.79M trimmed.

  • Formula Growth's largest Q3 2023 buy was Shopify: 80,000 shares worth $4.37M.
  • Formula Growth added most to Stratasys in Q3 2023, an estimated $4.35M increase.
  • Formula Growth's biggest Q3 2023 reduction was Okta, cutting an estimated $3.79M.
  • Formula Growth fully exited New Relic, Inc. in Q3 2023, selling an estimated $7.2M.
  • Formula Growth's ten largest holdings make up 22% of its $293M portfolio in Q3 2023.
  • Formula Growth opened 25 new positions and closed 24 in Q3 2023.
  • Formula Growth's portfolio value fell 6.7% quarter-over-quarter to $293M.

Based on Formula Growth's 13F filing for Q3 2023, filed 13 Nov 2023.