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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
-3.55%
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
$275M
AUM Growth
-$37.8M
Cap. Flow
-$17.4M
Cap. Flow %
-6.33%
Top 10 Hldgs %
26.1%
Holding
129
New
17
Increased
22
Reduced
53
Closed
20

Top Buys

Rank Stock Value
1
CROX icon
Crocs
CROX
+$8.5M
2
W icon
Wayfair
W
+$6.13M
3
MU icon
Micron Technology
MU
+$3.3M
4
CHWY icon
Chewy
CHWY
+$2.77M
5
TEAM icon
Atlassian
TEAM
+$2.68M

Top Sells

Rank Stock Value
1
PLAY icon
Dave & Buster's
PLAY
+$8.03M
2
MPWR icon
Monolithic Power Systems
MPWR
+$6.66M
3
HEES
H&E Equipment Services
HEES
+$3.96M
4
TMCI icon
Treace Medical Concepts
TMCI
+$3.5M
5
PGNY icon
Progyny
PGNY
+$3.34M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Consumer Discretionary 21.88%
3 Healthcare 19.2%
4 Industrials 17.76%
5 Financials 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTEC icon
126
TTEC Holdings
TTEC
$69M
– –
-10,000
Closed -$104K
TTI icon
127
TETRA Technologies
TTI
$1.01B
– –
-483,418
Closed -$2.14M
UDMY
128
DELISTED
Udemy
UDMY
– –
-50,000
Closed -$549K
SMAR
129
DELISTED
Smartsheet Inc.
SMAR
– –
-15,796
Closed -$608K
2 3 4 5
6

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Formula Growth's Q2 2024 Portfolio in Review

As of Q2 2024, Formula Growth held 129 positions worth $275M, down 12% from $313M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Formula Growth withdrew a net $17.4M in Q2 2024, closing 20 positions and reducing 53 holdings. Its most notable exit was Dave & Buster's, an estimated $8.03M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 34% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Crocs worth $8.84M.

  • Formula Growth's largest Q2 2024 buy was Crocs: 60,600 shares worth $8.84M.
  • Formula Growth added most to Wayfair in Q2 2024, an estimated $6.13M increase.
  • Formula Growth's biggest Q2 2024 reduction was Marvell Technology, cutting an estimated $3.18M.
  • Formula Growth fully exited Dave & Buster's in Q2 2024, selling an estimated $8.03M.
  • Formula Growth's ten largest holdings make up 26% of its $275M portfolio in Q2 2024.
  • Formula Growth opened 17 new positions and closed 20 in Q2 2024.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $275M.

Based on Formula Growth's 13F filing for Q2 2024, filed 13 Aug 2024.