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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
+9.89%
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
Cap. Flow
-$14.6M
Cap. Flow %
-4.66%
Top 10 Hldgs %
23.08%
Holding
150
New
22
Increased
20
Reduced
42
Closed
38

Top Buys

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$7.25M
2
UCTT
Ultra Clean Holdings
UCTT
+$6.56M
3
MPWR icon
Monolithic Power Systems
MPWR
+$6.56M
4
MRVL icon
Marvell Technology
MRVL
+$6.2M
5
PLAY icon
Dave & Buster's
PLAY
+$4.87M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$4.11M
2
SSYS icon
Stratasys
SSYS
+$3.57M
3
HLX icon
Helix Energy Solutions
HLX
+$3.4M
4
OKTA icon
Okta
OKTA
+$3.26M
5
NEO icon
NeoGenomics
NEO
+$3.22M

Sector Composition

Rank Sector Weight
1 Technology 33.91%
2 Healthcare 20.37%
3 Industrials 17.86%
4 Consumer Discretionary 17.29%
5 Communication Services 5.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JLL icon
126
Jones Lang LaSalle
JLL
$17.4B
– –
-12,250
Closed -$2.31M
KRNT icon
127
Kornit Digital
KRNT
$718M
– –
-24,500
Closed -$469K
KTB icon
128
Kontoor Brands
KTB
$4.21B
– –
-15,000
Closed -$936K
LAUR icon
129
Laureate Education
LAUR
$5.34B
– –
-172,900
Closed -$2.37M
LNTH icon
130
Lantheus
LNTH
$6.58B
– –
-45,100
Closed -$2.8M
MPT
131
Medical Properties Trust
MPT
$2.44B
– –
-293,800
Closed -$1.44M
NEO icon
132
NeoGenomics
NEO
$2.32B
– –
-199,100
Closed -$3.22M
NNDM
133
Nano Dimension
NNDM
$333M
– –
-200,000
Closed -$480K
OKTA icon
134
Okta
OKTA
$29.1B
– –
-36,000
Closed -$3.26M
PRO
135
DELISTED
PROS Holdings
PRO
– –
-20,600
Closed -$799K
PRVA icon
136
Privia Health
PRVA
$2.66B
– –
-91,537
Closed -$2.11M
RMAX
137
DELISTED
RE/MAX Holdings
RMAX
– –
-53,980
Closed -$720K
RSKD icon
138
Riskified
RSKD
$833M
– –
-200,000
Closed -$936K
SHOP icon
139
Shopify
SHOP
$197B
– –
-2,961
Closed -$231K
SKWD icon
140
Skyward Specialty Insurance
SKWD
$2.36B
– –
-64,500
Closed -$2.19M
SLG icon
141
SL Green Realty
SLG
$4.08B
– –
-61,200
Closed -$2.76M
SSYS icon
142
Stratasys
SSYS
$678M
– –
-250,000
Closed -$3.57M
STKL
143
DELISTED
SunOpta
STKL
– –
-158,665
Closed -$868K
WELL icon
144
Welltower
WELL
$172B
– –
-21,619
Closed -$1.95M
WH icon
145
Wyndham Hotels & Resorts
WH
$5.64B
– –
-25,066
Closed -$2.02M
WK icon
146
Workiva
WK
$4.31B
– –
-3,977
Closed -$404K
WW
147
DELISTED
WW International
WW
– –
-175,553
Closed -$1.54M
HCP
148
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
– –
-50,000
Closed -$1.18M
ZUO
149
DELISTED
Zuora, Inc.
ZUO
– –
-117,261
Closed -$1.1M
PGTI
150
DELISTED
PGT, Inc.
PGTI
– –
-30,000
Closed -$1.22M
2 3 4 5
6

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CA
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1W
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WMA
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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 Industrials.

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.