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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
SMTC icon
151
Semtech
SMTC
$12.2B
– –
-70,000
Closed -$1.78M
STKL
152
DELISTED
SunOpta
STKL
– –
-143,734
Closed -$962K
TEAM icon
153
Atlassian
TEAM
$48.2B
– –
-5,000
Closed -$839K
UNG icon
154
United States Natural Gas Fund
UNG
$520M
– –
-23,793
Closed -$706K
USO icon
155
United States Oil Fund
USO
$2.03B
– –
-7,090
Closed -$451K
DM
156
DELISTED
Desktop Metal, Inc.
DM
– –
-75,000
Closed -$1.33M
INFN
157
DELISTED
Infinera Corporation Common Stock
INFN
– –
-225,000
Closed -$1.09M
SIX
158
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-218,856
Closed -$5.69M
NEWR
159
DELISTED
New Relic, Inc.
NEWR
– –
-110,000
Closed -$7.2M
EBIX
160
DELISTED
Ebix Inc
EBIX
– –
-45,000
Closed -$1.13M
3 4 5 6
7

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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.