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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
+13.2%
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
$310M
AUM Growth
-$42.6M
Cap. Flow
-$55.8M
Cap. Flow %
-17.96%
Top 10 Hldgs %
21.92%
Holding
156
New
27
Increased
11
Reduced
53
Closed
27

Top Buys

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$8.22M
2
W icon
Wayfair
W
+$5.93M
3
XMTR icon
Xometry
XMTR
+$4.86M
4
CWAN
Clearwater Analytics
CWAN
+$3.85M
5
MRVL icon
Marvell Technology
MRVL
+$3.71M

Top Sells

Rank Stock Value
1
NOW icon
ServiceNow
NOW
+$8.15M
2
Z icon
Zillow
Z
+$7.77M
3
FIVE icon
Five Below
FIVE
+$6.86M
4
UBER icon
Uber
UBER
+$6.08M
5
IAA
IAA, Inc. Common Stock
IAA
+$4.99M

Sector Composition

Rank Sector Weight
1 Technology 32.37%
2 Healthcare 19.08%
3 Consumer Discretionary 16.57%
4 Industrials 11.87%
5 Communication Services 8.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVH icon
1
Evolent Health
EVH
$520M
$9.51M 3.06%
292,920
-37,900
-11% -$1.2M
BABA icon
2
Alibaba
BABA
$296B
$8.39M 2.7%
+82,100
New +$8.22M
ACVA icon
3
ACV Auctions
ACVA
$1.22B
$7.23M 2.33%
560,360
-50,350
-8% -$550K
PAGS icon
4
PagSeguro Digital
PAGS
$2.45B
$6.88M 2.21%
802,286
-163,000
-17% -$1.46M
HCA icon
5
HCA Healthcare
HCA
$90.5B
$6.86M 2.21%
26,000
-1,000
-4% -$254K
NEWR
6
DELISTED
New Relic, Inc.
NEWR
$6.78M 2.18%
90,000
+15,000
+20% +$1.01M
STNE icon
7
StoneCo
STNE
$2.24B
$5.84M 1.88%
611,911
-78,000
-11% -$746K
KIDS icon
8
OrthoPediatrics
KIDS
$617M
$5.77M 1.86%
130,258
-600
-0.5% -$26.5K
UA icon
9
Under Armour Class C
UA
$2.12B
$5.46M 1.76%
640,000
-160,000
-20% -$1.47M
OKTA icon
10
Okta
OKTA
$29.1B
$5.35M 1.72%
62,000
-13,000
-17% -$990K
NEO icon
11
NeoGenomics
NEO
$2.32B
$4.89M 1.57%
280,690
+100,390
+56% +$1.43M
LKQ icon
12
LKQ Corp
LKQ
$6.46B
$4.82M 1.55%
85,000
-3,000
-3% -$169K
SSNC icon
13
SS&C Technologies
SSNC
$19.6B
$4.81M 1.55%
85,200
– –
W icon
14
Wayfair
W
$14.2B
$4.6M 1.48%
+134,000
New +$5.93M
ATEC icon
15
Alphatec Holdings
ATEC
$1.46B
$4.51M 1.45%
288,910
-137,490
-32% -$1.94M
HOLX
16
DELISTED
Hologic
HOLX
$4.48M 1.44%
55,456
-6,300
-10% -$507K
HOUS
17
DELISTED
Anywhere Real Estate
HOUS
$4.36M 1.4%
825,821
+22,200
+3% +$151K
INTC icon
18
Intel
INTC
$473B
$4.3M 1.39%
131,694
+25,694
+24% +$728K
SAH icon
19
Sonic Automotive
SAH
$2.52B
$4.18M 1.35%
77,000
-3,000
-4% -$161K
IMAX icon
20
IMAX
IMAX
$2.76B
$4.15M 1.34%
216,285
-41,560
-16% -$715K
IMXI icon
21
International Money Express
IMXI
$437M
$4.15M 1.34%
160,828
-18,000
-10% -$437K
ZUO
22
DELISTED
Zuora, Inc.
ZUO
$3.95M 1.27%
400,000
-142,261
-26% -$1.19M
MRVL icon
23
Marvell Technology
MRVL
$195B
$3.81M 1.23%
+88,000
New +$3.71M
PGNY icon
24
Progyny
PGNY
$1.99B
$3.81M 1.23%
118,474
+16,800
+17% +$555K
NTRA icon
25
Natera
NTRA
$47B
$3.66M 1.18%
+66,010
New +$3.17M
1
2 3 4 5

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Formula Growth's Q1 2023 Portfolio in Review

As of Q1 2023, Formula Growth held 156 positions worth $310M, down 12% from $353M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth withdrew a net $55.8M in Q1 2023, closing 27 positions and reducing 53 holdings. Its most notable exit was ServiceNow, an estimated $8.15M position sold in full.

By sector, the portfolio is most concentrated in Technology at 32% of assets, up from 31% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Formula Growth opened a new position in Alibaba worth $8.39M.

  • Formula Growth's largest Q1 2023 buy was Alibaba: 82,100 shares worth $8.39M.
  • Formula Growth added most to NeoGenomics in Q1 2023, an estimated $1.43M increase.
  • Formula Growth's biggest Q1 2023 reduction was Zillow, cutting an estimated $7.77M.
  • Formula Growth fully exited ServiceNow in Q1 2023, selling an estimated $8.15M.
  • Formula Growth's ten largest holdings make up 22% of its $310M portfolio in Q1 2023.
  • Formula Growth opened 27 new positions and closed 27 in Q1 2023.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $310M.

Based on Formula Growth's 13F filing for Q1 2023, filed 12 May 2023.