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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
+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

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
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
ASHR icon
1
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.56B
$12.6M 3.57%
+450,000
New +$12.3M
EVH icon
2
Evolent Health
EVH
$520M
$9.29M 2.63%
330,820
+69,700
+27% +$2M
PAGS icon
3
PagSeguro Digital
PAGS
$2.45B
$8.44M 2.39%
965,286
-10,000
-1% -$117K
NOW icon
4
ServiceNow
NOW
$150B
$8.15M 2.31%
105,000
+55,000
+110% +$4.3M
UA icon
5
Under Armour Class C
UA
$2.12B
$7.14M 2.02%
800,000
-125,000
-14% -$950K
FIVE icon
6
Five Below
FIVE
$13.4B
$6.86M 1.94%
38,802
-6,800
-15% -$1.07M
HEES
7
DELISTED
H&E Equipment Services
HEES
$6.84M 1.94%
150,768
+1,000
+0.7% +$38.7K
Z icon
8
Zillow
Z
$8.02B
$6.79M 1.92%
210,716
-24,000
-10% -$795K
STNE icon
9
StoneCo
STNE
$2.24B
$6.51M 1.84%
689,911
-375,000
-35% -$3.93M
UBER icon
10
Uber
UBER
$161B
$6.48M 1.83%
262,019
-33,000
-11% -$903K
HCA icon
11
HCA Healthcare
HCA
$90.5B
$6.48M 1.83%
27,000
– –
PYPL icon
12
PayPal
PYPL
$45.9B
$6.27M 1.77%
88,000
+18,000
+26% +$1.44M
ATEC icon
13
Alphatec Holdings
ATEC
$1.46B
$5.27M 1.49%
426,400
+201,400
+90% +$2.03M
SHOP icon
14
Shopify
SHOP
$197B
$5.21M 1.47%
150,000
-90,000
-38% -$3.07M
KIDS icon
15
OrthoPediatrics
KIDS
$617M
$5.2M 1.47%
130,858
-5,200
-4% -$217K
HOUS
16
DELISTED
Anywhere Real Estate
HOUS
$5.14M 1.45%
803,621
+30,000
+4% +$217K
DXLG icon
17
Destination XL Group
DXLG
$34.3M
$5.13M 1.45%
759,408
-187,000
-20% -$1.2M
OKTA icon
18
Okta
OKTA
$29.1B
$5.12M 1.45%
75,000
+8,700
+13% +$497K
ACVA icon
19
ACV Auctions
ACVA
$1.22B
$5.01M 1.42%
610,710
-3,500
-0.6% -$29.2K
IAA
20
DELISTED
IAA, Inc. Common Stock
IAA
$4.99M 1.41%
124,815
-27,000
-18% -$1.02M
RNG icon
21
RingCentral
RNG
$5.79B
$4.77M 1.35%
134,807
-7,193
-5% -$257K
LKQ icon
22
LKQ Corp
LKQ
$6.46B
$4.7M 1.33%
88,000
– –
HOLX
23
DELISTED
Hologic
HOLX
$4.62M 1.31%
61,756
-25,250
-29% -$1.8M
SSNC icon
24
SS&C Technologies
SSNC
$19.6B
$4.44M 1.26%
85,200
– –
IMXI icon
25
International Money Express
IMXI
$437M
$4.36M 1.23%
178,828
– –
1
2 3 4 5

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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.