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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
+9.89%
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
(+0.3%)
Cap. Flow
-$14.6M
Cap. Flow % of AUM
Cap. Flow %
-4.66%
Top 10 Holdings %
Top 10 Hldgs %
23.08%
Holding
150
New
22
Increased
20
Reduced
42
Closed
38
Avg Time Held
3.3
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.8
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snowflake
SNOW
|
+$7.25M |
| 2 |
Ultra Clean Holdings
UCTT
|
+$6.56M |
| 3 |
Monolithic Power Systems
MPWR
|
+$6.56M |
| 4 |
Marvell Technology
MRVL
|
+$6.2M |
| 5 |
Dave & Buster's
PLAY
|
+$4.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Fidelity National Information Services
FIS
|
+$4.11M |
| 2 |
Stratasys
SSYS
|
+$3.57M |
| 3 |
Hornbeck Offshore Services, Inc.
HOS
|
+$3.4M |
| 4 |
Okta
OKTA
|
+$3.26M |
| 5 |
NeoGenomics
NEO
|
+$3.22M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.91% |
| 2 | Healthcare | 20.37% |
| 3 | Consumer Discretionary | 17.29% |
| 4 | Industrials | 17.18% |
| 5 | Communication Services | 5.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Jones Lang LaSalle
JLL
$14.1B
| – | – |
-12,250
| Closed | -$2.31M | – |
|
127
Kornit Digital
KRNT
$729M
| – | – |
-24,500
| Closed | -$469K | – |
|
128
Kontoor Brands
KTB
$4.01B
| – | – |
-15,000
| Closed | -$936K | – |
|
129
Laureate Education
LAUR
$5.32B
| – | – |
-172,900
| Closed | -$2.37M | – |
|
130
Lantheus
LNTH
$6.51B
| – | – |
-45,100
| Closed | -$2.8M | – |
|
131
Medical Properties Trust
MPT
$1.8B
| – | – |
-293,800
| Closed | -$1.44M | – |
|
|
132
NeoGenomics
NEO
$2.14B
| – | – |
-199,100
| Closed | -$3.22M | – |
|
133
Nano Dimension
NNDM
$594M
| – | – |
-200,000
| Closed | -$480K | – |
|
|
134
Okta
OKTA
$32.7B
| – | – |
-36,000
| Closed | -$3.26M | – |
|
135
DELISTED
PROS Holdings
PRO
| – | – |
-20,600
| Closed | -$799K | – |
|
136
Privia Health
PRVA
$2.88B
| – | – |
-91,537
| Closed | -$2.11M | – |
|
137
DELISTED
RE/MAX Holdings
RMAX
| – | – |
-53,980
| Closed | -$720K | – |
|
138
Riskified
RSKD
$1.09B
| – | – |
-200,000
| Closed | -$936K | – |
|
139
Shopify
SHOP
$218B
| – | – |
-2,961
| Closed | -$231K | – |
|
140
Skyward Specialty Insurance
SKWD
$2.72B
| – | – |
-64,500
| Closed | -$2.19M | – |
|
141
SL Green Realty
SLG
$3.33B
| – | – |
-61,200
| Closed | -$2.76M | – |
|
|
142
Stratasys
SSYS
$608M
| – | – |
-250,000
| Closed | -$3.57M | – |
|
|
STKL
143
DELISTED
SunOpta
STKL
| – | – |
-158,665
| Closed | -$868K | – |
|
144
Welltower
WELL
$169B
| – | – |
-21,619
| Closed | -$1.95M | – |
|
145
Wyndham Hotels & Resorts
WH
$5.61B
| – | – |
-25,066
| Closed | -$2.02M | – |
|
146
Workiva
WK
$4.1B
| – | – |
-3,977
| Closed | -$404K | – |
|
147
DELISTED
WW International
WW
| – | – |
-175,553
| Closed | -$1.54M | – |
|
148
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
| – | – |
-50,000
| Closed | -$1.18M | – |
|
149
DELISTED
Zuora, Inc.
ZUO
| – | – |
-117,261
| Closed | -$1.1M | – |
|
|
PGTI
150
DELISTED
PGT, Inc.
PGTI
| – | – |
-30,000
| Closed | -$1.22M | – |
|
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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 Consumer Discretionary.
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.