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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
-23.6%
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
$361M
AUM Growth
-$169M
Cap. Flow
-$30.2M
Cap. Flow %
-8.37%
Top 10 Hldgs %
21.26%
Holding
147
New
7
Increased
18
Reduced
40
Closed
17
Avg Time Held Equity + Options
2.9 years
Top 10 Avg Time Held Equity + Options
0.6 years
Top 20 Avg Time Held Equity + Options
0.9 years
Avg Time Held Equity only
2.9 years
Top 10 Avg Time Held Equity only
0.6 years
Top 20 Avg Time Held Equity only
0.9 years

Top Buys

Rank Stock Value
1
UBER icon
Uber
UBER
+$7.59M
2
LYFT icon
Lyft
LYFT
+$6.32M
3
SHOP icon
Shopify
SHOP
+$5.98M
4
TEAM icon
Atlassian
TEAM
+$5.12M
5
STNE icon
StoneCo
STNE
+$4.4M

Top Sells

Rank Stock Value
1
TVTY
Tivity Health, Inc. Common Stock
TVTY
+$8.74M
2
RRR icon
Red Rock Resorts
RRR
+$5.68M
3
URBN icon
Urban Outfitters
URBN
+$5.02M
4
PINS icon
Pinterest
PINS
+$4.84M
5
INTC icon
Intel
INTC
+$4.71M

Sector Composition

Rank Sector Weight
1 Technology 36.46%
2 Healthcare 13.7%
3 Consumer Discretionary 13.7%
4 Industrials 10.51%
5 Communication Services 9.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EVH icon
1
Evolent Health
EVH
$517M
$10.1M 2.81%
330,320
+26,000
+9% +$758K
2017 Q1
21 quarters
STNE icon
2
StoneCo
STNE
$2.6B
$8.71M 2.41%
1,131,111
+460,000
+69% +$4.4M
2021 Q4
2 quarters
PAGS icon
3
PagSeguro Digital
PAGS
$3.03B
$8.22M 2.28%
802,486
+105,000
+15% +$1.5M
2018 Q1
17 quarters
HOUS icon
4
DELISTED
Anywhere Real Estate
HOUS
$7.89M 2.18%
802,321
+50,000
+7% +$589K
2016 Q3
23 quarters
SHOP icon
5
Shopify
SHOP
$218B
$7.5M 2.08%
240,000
+140,000
+140% +$5.98M
2022 Q1
1 quarter
Z icon
6
Zillow
Z
$6.93B
$7.31M 2.03%
230,316
-10,000
-4% -$402K
2021 Q4
2 quarters
RNG icon
7
RingCentral
RNG
$6.3B
$7.08M 1.96%
135,537
+29,900
+28% +$2.27M
2015 Q4
26 quarters
ZUO icon
8
DELISTED
Zuora, Inc.
ZUO
$6.72M 1.86%
751,261
-170,000
-18% -$1.89M
2018 Q4
14 quarters
VIRT icon
9
Virtu Financial
VIRT
$5.02B
$6.61M 1.83%
282,365
-64,000
-18% -$1.83M
2020 Q2
8 quarters
UA icon
10
Under Armour Class C
UA
$1.99B
$6.57M 1.82%
867,000
-33,000
-4% -$371K
2017 Q3
19 quarters
UBER icon
11
Uber
UBER
$144B
$6.57M 1.82%
321,000
+286,000
+817% +$7.59M
2019 Q3
11 quarters
HOLX icon
12
DELISTED
Hologic
HOLX
$6.45M 1.78%
93,006
-10,000
-10% -$742K
2021 Q1
5 quarters
NOK icon
13
Nokia
NOK
$51.2B
$6.26M 1.73%
1,357,168
-655,000
-33% -$3.27M
2019 Q1
13 quarters
KBH icon
14
KB Home
KBH
$2.63B
$6.12M 1.69%
215,000
-10,000
-4% -$319K
2022 Q1
1 quarter
LRN icon
15
Stride
LRN
$3.42B
$5.93M 1.64%
145,406
-30,000
-17% -$1.11M
2020 Q4
6 quarters
IMAX icon
16
IMAX
IMAX
$2.79B
$5.89M 1.63%
348,684
+32,000
+10% +$520K
2021 Q4
2 quarters
IAA
17
DELISTED
IAA, Inc. Common Stock
IAA
$5.71M 1.58%
174,200
-85,000
-33% -$3.11M
2019 Q2
12 quarters
TAP icon
18
Molson Coors Class B
TAP
$7.37B
$5.43M 1.5%
99,585
-30,000
-23% -$1.61M
2021 Q1
5 quarters
OKTA icon
19
Okta
OKTA
$32.7B
$5.42M 1.5%
60,000
+16,500
+38% +$1.78M
2022 Q1
1 quarter
NEWR
20
DELISTED
New Relic, Inc.
NEWR
$5.25M 1.46%
105,000
-28,000
-21% -$1.55M
2022 Q1
1 quarter
KIDS icon
21
OrthoPediatrics
KIDS
$573M
$5.2M 1.44%
120,558
-10,000
-8% -$457K
2018 Q4
14 quarters
RMNI icon
22
Rimini Street
RMNI
$374M
$4.95M 1.37%
823,233
-45,000
-5% -$268K
2021 Q1
5 quarters
SSNC icon
23
SS&C Technologies
SSNC
$19.7B
$4.95M 1.37%
85,200
– –
2015 Q4
26 quarters
PARA icon
24
DELISTED
Paramount Global Class B
PARA
$4.91M 1.36%
198,962
-15,000
-7% -$457K
2021 Q1
5 quarters
BBSI icon
25
Barrett Business Services
BBSI
$789M
$4.58M 1.27%
251,120
-20,000
-7% -$368K
2020 Q3
7 quarters
1
2 3 4 5

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Formula Growth's Q2 2022 Portfolio in Review

As of Q2 2022, Formula Growth held 147 positions worth $361M, down 32% from $530M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

Formula Growth withdrew a net $30.2M in Q2 2022, closing 17 positions and reducing 40 holdings. Its most notable exit was Tivity Health, Inc. Common Stock, an estimated $8.74M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Lyft worth $3.6M.

  • Formula Growth's largest Q2 2022 buy was Lyft: 271,000 shares worth $3.6M.
  • Formula Growth added most to Uber in Q2 2022, an estimated $7.59M increase.
  • Formula Growth's biggest Q2 2022 reduction was Nokia, cutting an estimated $3.27M.
  • Formula Growth fully exited Tivity Health, Inc. Common Stock in Q2 2022, selling an estimated $8.74M.
  • Formula Growth's ten largest holdings make up 21% of its $361M portfolio in Q2 2022.
  • Formula Growth opened 7 new positions and closed 17 in Q2 2022.
  • Formula Growth's portfolio value fell 32% quarter-over-quarter to $361M.

Based on Formula Growth's 13F filing for Q2 2022, filed 12 Aug 2022.