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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
-1.64%
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
$350M
AUM Growth
-$11.1M
Cap. Flow
+$10M
Cap. Flow %
2.85%
Top 10 Hldgs %
22.37%
Holding
146
New
16
Increased
21
Reduced
37
Closed
19
Avg Time Held
2.9 years
Top 10 Avg Time Held
0.3 years
Top 20 Avg Time Held
0.9 years

Top Buys

Rank Stock Value
1
APP icon
Applovin
APP
+$7.47M
2
FIVE icon
Five Below
FIVE
+$5.99M
3
ACVA icon
ACV Auctions
ACVA
+$4.88M
4
MDB icon
MongoDB
MDB
+$4.67M
5
U icon
Unity
U
+$4.65M

Top Sells

Rank Stock Value
1
TEAM icon
Atlassian
TEAM
+$4.5M
2
EPAM icon
EPAM Systems
EPAM
+$4.27M
3
PATH icon
UiPath
PATH
+$4.09M
4
SEE icon
Sealed Air
SEE
+$3.46M
5
OLLI icon
Ollie's Bargain Outlet
OLLI
+$2.67M

Sector Composition

Rank Sector Weight
1 Technology 34.6%
2 Consumer Discretionary 16.37%
3 Healthcare 14.19%
4 Communication Services 10.61%
5 Industrials 10.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
PAGS icon
1
PagSeguro Digital
PAGS
$3.03B
$12.9M 3.69%
975,286
+172,800
+22% +$2.31M
2018 Q1
18 quarters
STNE icon
2
StoneCo
STNE
$2.6B
$10.1M 2.9%
1,064,911
-66,200
-6% -$634K
2021 Q4
3 quarters
EVH icon
3
Evolent Health
EVH
$517M
$9.38M 2.68%
261,120
-69,200
-21% -$2.44M
2017 Q1
22 quarters
UBER icon
4
Uber
UBER
$144B
$7.82M 2.23%
295,019
-25,981
-8% -$718K
2019 Q3
12 quarters
Z icon
5
Zillow
Z
$6.93B
$6.72M 1.92%
234,716
+4,400
+2% +$153K
2021 Q4
3 quarters
SHOP icon
6
Shopify
SHOP
$218B
$6.47M 1.85%
240,000
– –
2022 Q1
2 quarters
FIVE icon
7
Five Below
FIVE
$12.3B
$6.28M 1.79%
+45,602
New +$5.99M
2022 Q3
0 quarters
KIDS icon
8
OrthoPediatrics
KIDS
$573M
$6.28M 1.79%
136,058
+15,500
+13% +$760K
2018 Q4
15 quarters
HOUS icon
9
DELISTED
Anywhere Real Estate
HOUS
$6.27M 1.79%
773,621
-28,700
-4% -$294K
2016 Q3
24 quarters
PYPL icon
10
PayPal
PYPL
$48.5B
$6.02M 1.72%
70,000
+19,500
+39% +$1.73M
2022 Q1
2 quarters
LRN icon
11
Stride
LRN
$3.42B
$5.88M 1.68%
139,906
-5,500
-4% -$222K
2020 Q4
7 quarters
RNG icon
12
RingCentral
RNG
$6.3B
$5.67M 1.62%
142,000
+6,463
+5% +$310K
2015 Q4
27 quarters
HOLX icon
13
DELISTED
Hologic
HOLX
$5.61M 1.6%
87,006
-6,000
-6% -$416K
2021 Q1
6 quarters
UA icon
14
Under Armour Class C
UA
$1.99B
$5.51M 1.58%
925,000
+58,000
+7% +$454K
2017 Q3
20 quarters
NOK icon
15
Nokia
NOK
$51.2B
$5.2M 1.48%
1,216,715
-140,453
-10% -$683K
2019 Q1
14 quarters
ZUO icon
16
DELISTED
Zuora, Inc.
ZUO
$5.17M 1.48%
700,000
-51,261
-7% -$442K
2018 Q4
15 quarters
DXLG icon
17
Destination XL Group
DXLG
$25.3M
$5.13M 1.47%
946,408
+130,000
+16% +$619K
2021 Q3
4 quarters
HCA icon
18
HCA Healthcare
HCA
$99.3B
$4.96M 1.42%
27,000
– –
2015 Q4
27 quarters
APP icon
19
Applovin
APP
$89.1B
$4.87M 1.39%
+250,000
New +$7.47M
2022 Q3
0 quarters
IAA
20
DELISTED
IAA, Inc. Common Stock
IAA
$4.84M 1.38%
151,815
-22,385
-13% -$794K
2019 Q2
13 quarters
BXC icon
21
BlueLinx
BXC
$579M
$4.51M 1.29%
72,562
+8,995
+14% +$648K
2021 Q4
3 quarters
VIRT icon
22
Virtu Financial
VIRT
$5.02B
$4.48M 1.28%
215,916
-66,449
-24% -$1.52M
2020 Q2
9 quarters
PINS icon
23
Pinterest
PINS
$12.4B
$4.43M 1.26%
+190,000
New +$4.17M
2022 Q3
0 quarters
ACVA icon
24
ACV Auctions
ACVA
$1.78B
$4.42M 1.26%
+614,210
New +$4.88M
2022 Q3
0 quarters
PGNY icon
25
Progyny
PGNY
$2.06B
$4.33M 1.24%
116,874
+1,000
+0.9% +$37.4K
2021 Q2
5 quarters
1
2 3 4 5

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Formula Growth's Q3 2022 Portfolio in Review

As of Q3 2022, Formula Growth held 146 positions worth $350M, down 3.1% from $361M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth's Q3 2022 filing shows 16 new, 21 increased, 37 reduced and 19 closed positions. Its largest new stake was Applovin: 250,000 shares worth $4.87M. The largest sale was Atlassian, an estimated $4.5M.

By sector, the portfolio is most concentrated in Technology at 35% of assets, down from 36% a quarter earlier, followed by Consumer Discretionary and Healthcare.

  • Formula Growth's largest Q3 2022 buy was Applovin: 250,000 shares worth $4.87M.
  • Formula Growth added most to PagSeguro Digital in Q3 2022, an estimated $2.31M increase.
  • Formula Growth's biggest Q3 2022 reduction was EPAM Systems, cutting an estimated $4.27M.
  • Formula Growth fully exited Atlassian in Q3 2022, selling an estimated $4.5M.
  • Formula Growth's ten largest holdings make up 22% of its $350M portfolio in Q3 2022.
  • Formula Growth opened 16 new positions and closed 19 in Q3 2022.
  • Formula Growth's portfolio value fell 3.1% quarter-over-quarter to $350M.

Based on Formula Growth's 13F filing for Q3 2022, filed 10 Nov 2022.