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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
+9.21%
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
$353M
AUM Growth
+$3.15M
Cap. Flow
-$25.3M
Cap. Flow %
-7.18%
Top 10 Hldgs %
22.4%
Holding
149
New
22
Increased
19
Reduced
37
Closed
20
Avg Time Held Equity + Options
2.9 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.7 years
Avg Time Held Equity only
2.9 years
Top 10 Avg Time Held Equity only
0.4 years
Top 20 Avg Time Held Equity only
0.8 years

Top Buys

Rank Stock Value
1
TEAM icon
Atlassian
TEAM
+$4.78M
2
NOW icon
ServiceNow
NOW
+$4.3M
3
RL icon
Ralph Lauren
RL
+$3.75M
4
SHLS icon
Shoals Technologies Group
SHLS
+$3.33M
5
GMED icon
Globus Medical
GMED
+$3.1M

Top Sells

Rank Stock Value
1
APP icon
Applovin
APP
+$4.87M
2
EFOR icon
Everforth Inc
EFOR
+$4.26M
3
STNE icon
StoneCo
STNE
+$3.93M
4
MDB icon
MongoDB
MDB
+$3.18M
5
BBSI icon
Barrett Business Services
BBSI
+$3.16M

Sector Composition

Rank Sector Weight
1 Technology 31.04%
2 Consumer Discretionary 16.75%
3 Healthcare 14.5%
4 Industrials 11.56%
5 Communication Services 9.97%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
ASHR icon
1
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.33B
$12.6M 3.57%
+450,000
New +$12.3M
2022 Q4
0 quarters
EVH icon
2
Evolent Health
EVH
$517M
$9.29M 2.63%
330,820
+69,700
+27% +$2M
2017 Q1
23 quarters
PAGS icon
3
PagSeguro Digital
PAGS
$3.03B
$8.44M 2.39%
965,286
-10,000
-1% -$117K
2018 Q1
19 quarters
NOW icon
4
ServiceNow
NOW
$147B
$8.15M 2.31%
105,000
+55,000
+110% +$4.3M
2022 Q3
1 quarter
UA icon
5
Under Armour Class C
UA
$1.99B
$7.14M 2.02%
800,000
-125,000
-14% -$950K
2017 Q3
21 quarters
FIVE icon
6
Five Below
FIVE
$12.3B
$6.86M 1.94%
38,802
-6,800
-15% -$1.07M
2022 Q3
1 quarter
HEES icon
7
DELISTED
H&E Equipment Services
HEES
$6.84M 1.94%
150,768
+1,000
+0.7% +$38.7K
2021 Q4
4 quarters
Z icon
8
Zillow
Z
$6.93B
$6.79M 1.92%
210,716
-24,000
-10% -$795K
2021 Q4
4 quarters
STNE icon
9
StoneCo
STNE
$2.6B
$6.51M 1.84%
689,911
-375,000
-35% -$3.93M
2021 Q4
4 quarters
UBER icon
10
Uber
UBER
$144B
$6.48M 1.83%
262,019
-33,000
-11% -$903K
2019 Q3
13 quarters
HCA icon
11
HCA Healthcare
HCA
$99.3B
$6.48M 1.83%
27,000
– –
2015 Q4
28 quarters
PYPL icon
12
PayPal
PYPL
$48.5B
$6.27M 1.77%
88,000
+18,000
+26% +$1.44M
2022 Q1
3 quarters
ATEC icon
13
Alphatec Holdings
ATEC
$1.62B
$5.27M 1.49%
426,400
+201,400
+90% +$2.03M
2022 Q3
1 quarter
SHOP icon
14
Shopify
SHOP
$218B
$5.21M 1.47%
150,000
-90,000
-38% -$3.07M
2022 Q1
3 quarters
KIDS icon
15
OrthoPediatrics
KIDS
$573M
$5.2M 1.47%
130,858
-5,200
-4% -$217K
2018 Q4
16 quarters
HOUS icon
16
DELISTED
Anywhere Real Estate
HOUS
$5.14M 1.45%
803,621
+30,000
+4% +$217K
2016 Q3
25 quarters
DXLG icon
17
Destination XL Group
DXLG
$25.3M
$5.13M 1.45%
759,408
-187,000
-20% -$1.2M
2021 Q3
5 quarters
OKTA icon
18
Okta
OKTA
$32.7B
$5.12M 1.45%
75,000
+8,700
+13% +$497K
2022 Q1
3 quarters
ACVA icon
19
ACV Auctions
ACVA
$1.78B
$5.01M 1.42%
610,710
-3,500
-0.6% -$29.2K
2022 Q3
1 quarter
IAA
20
DELISTED
IAA, Inc. Common Stock
IAA
$4.99M 1.41%
124,815
-27,000
-18% -$1.02M
2019 Q2
14 quarters
RNG icon
21
RingCentral
RNG
$6.3B
$4.77M 1.35%
134,807
-7,193
-5% -$257K
2015 Q4
28 quarters
LKQ icon
22
LKQ Corp
LKQ
$5.62B
$4.7M 1.33%
88,000
– –
2015 Q4
28 quarters
HOLX icon
23
DELISTED
Hologic
HOLX
$4.62M 1.31%
61,756
-25,250
-29% -$1.8M
2021 Q1
7 quarters
SSNC icon
24
SS&C Technologies
SSNC
$19.7B
$4.44M 1.26%
85,200
– –
2015 Q4
28 quarters
IMXI icon
25
International Money Express
IMXI
$311M
$4.36M 1.23%
178,828
– –
2019 Q3
13 quarters
1
2 3 4 5

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1W
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Formula Growth's Q4 2022 Portfolio in Review

As of Q4 2022, Formula Growth held 149 positions worth $353M, up 0.9% from $350M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $25.3M in Q4 2022, closing 20 positions and reducing 37 holdings. Its most notable exit was Applovin, an estimated $4.87M position sold in full.

By sector, the portfolio is most concentrated in Technology at 31% of assets, down from 35% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Formula Growth opened a new position in Atlassian worth $3.86M.

  • Formula Growth's largest Q4 2022 buy was Atlassian: 30,000 shares worth $3.86M.
  • Formula Growth added most to ServiceNow in Q4 2022, an estimated $4.3M increase.
  • Formula Growth's biggest Q4 2022 reduction was StoneCo, cutting an estimated $3.93M.
  • Formula Growth fully exited Applovin in Q4 2022, selling an estimated $4.87M.
  • Formula Growth's ten largest holdings make up 22% of its $353M portfolio in Q4 2022.
  • Formula Growth opened 22 new positions and closed 20 in Q4 2022.
  • Formula Growth's portfolio value rose 0.9% quarter-over-quarter to $353M.

Based on Formula Growth's 13F filing for Q4 2022, filed 13 Feb 2023.