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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
-11.45%
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
$530M
AUM Growth
-$32.8M
Cap. Flow
+$30.3M
Cap. Flow %
5.71%
Top 10 Hldgs %
22.9%
Holding
156
New
18
Increased
19
Reduced
44
Closed
16

Top Buys

Rank Stock Value
1
PATH icon
UiPath
PATH
+$11M
2
NEWR
New Relic, Inc.
NEWR
+$10.9M
3
PYPL icon
PayPal
PYPL
+$10.6M
4
IAA
IAA, Inc. Common Stock
IAA
+$9.25M
5
KBH icon
KB Home
KBH
+$8.86M

Top Sells

Rank Stock Value
1
SPG icon
Simon Property Group
SPG
+$18.1M
2
ZEN
ZENDESK INC
ZEN
+$16.2M
3
DBX icon
Dropbox
DBX
+$8.19M
4
PD icon
PagerDuty
PD
+$7.72M
5
TDC icon
Teradata
TDC
+$6.37M

Sector Composition

Rank Sector Weight
1 Technology 33.1%
2 Consumer Discretionary 15.39%
3 Healthcare 14.58%
4 Communication Services 10.26%
5 Industrials 9.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TDC icon
151
Teradata
TDC
$2.68B
– –
-150,000
Closed -$6.37M
TSM icon
152
TSMC
TSM
$2.17T
– –
-36,649
Closed -$4.41M
INST
153
DELISTED
Instructure Holdings, Inc.
INST
– –
-80,000
Closed -$1.92M
DBD
154
DELISTED
Diebold Nixdorf Incorporated
DBD
– –
-152,217
Closed -$1.38M
ASPU
155
DELISTED
ASPEN GROUP, INC.
ASPU
– –
-110,000
Closed -$260K
SWIR
156
DELISTED
Sierra Wireless
SWIR
– –
-305,000
Closed -$5.37M
3 4 5 6
7

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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 Q1 2022 Portfolio in Review

As of Q1 2022, Formula Growth held 156 positions worth $530M, down 5.8% from $563M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Formula Growth deployed $30.3M of net new capital in Q1 2022, opening 18 new positions and adding to 19 existing holdings. Its largest new stake was UiPath: 325,000 shares worth $7.02M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 37% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was ZENDESK INC, an estimated $16.2M trimmed.

  • Formula Growth's largest Q1 2022 buy was UiPath: 325,000 shares worth $7.02M.
  • Formula Growth added most to IAA, Inc. Common Stock in Q1 2022, an estimated $9.25M increase.
  • Formula Growth's biggest Q1 2022 reduction was ZENDESK INC, cutting an estimated $16.2M.
  • Formula Growth fully exited Simon Property Group in Q1 2022, selling an estimated $18.1M.
  • Formula Growth's ten largest holdings make up 23% of its $530M portfolio in Q1 2022.
  • Formula Growth opened 18 new positions and closed 16 in Q1 2022.
  • Formula Growth's portfolio value fell 5.8% quarter-over-quarter to $530M.

Based on Formula Growth's 13F filing for Q1 2022, filed 13 May 2022.