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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
+6.26%
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
$314M
AUM Growth
+$3.57M
Cap. Flow
-$7.83M
Cap. Flow %
-2.49%
Top 10 Hldgs %
22.77%
Holding
157
New
28
Increased
25
Reduced
45
Closed
22
Avg Time Held
2.8 years
Top 10 Avg Time Held
0.4 years
Top 20 Avg Time Held
0.7 years

Top Buys

Rank Stock Value
1
U icon
Unity
U
+$4.32M
2
CECO icon
Ceco Environmental
CECO
+$3.86M
3
PRVA icon
Privia Health
PRVA
+$3.06M
4
SIX icon
Six Flags Entertainment Corp.
SIX
+$2.96M
5
LNTH icon
Lantheus
LNTH
+$2.92M

Top Sells

Rank Stock Value
1
STNE icon
StoneCo
STNE
+$5.84M
2
W icon
Wayfair
W
+$4.6M
3
CWAN icon
Clearwater Analytics
CWAN
+$3.51M
4
ZUO icon
Zuora, Inc.
ZUO
+$3.39M
5
DXLG icon
Destination XL Group
DXLG
+$3.27M

Sector Composition

Rank Sector Weight
1 Technology 32.77%
2 Healthcare 18.54%
3 Industrials 14.34%
4 Consumer Discretionary 12.88%
5 Communication Services 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EVH icon
1
Evolent Health
EVH
$517M
$9.08M 2.89%
299,510
+6,590
+2% +$213K
2017 Q1
25 quarters
PAGS icon
2
PagSeguro Digital
PAGS
$3.03B
$8.78M 2.8%
930,286
+128,000
+16% +$1.3M
2018 Q1
21 quarters
U icon
3
Unity
U
$17.8B
$8.47M 2.7%
195,000
+135,000
+225% +$4.32M
2022 Q3
3 quarters
NEWR
4
DELISTED
New Relic, Inc.
NEWR
$7.2M 2.29%
110,000
+20,000
+22% +$1.44M
2022 Q1
5 quarters
HCA icon
5
HCA Healthcare
HCA
$99.3B
$6.98M 2.22%
23,000
-3,000
-12% -$834K
2015 Q4
30 quarters
ACVA icon
6
ACV Auctions
ACVA
$1.78B
$6.9M 2.2%
399,410
-160,950
-29% -$2.46M
2022 Q3
3 quarters
BABA icon
7
Alibaba
BABA
$271B
$6.66M 2.12%
79,886
-2,214
-3% -$194K
2023 Q1
1 quarter
OKTA icon
8
Okta
OKTA
$32.7B
$6.24M 1.99%
90,000
+28,000
+45% +$2.13M
2022 Q1
5 quarters
SIX icon
9
DELISTED
Six Flags Entertainment Corp.
SIX
$5.69M 1.81%
218,856
+114,563
+110% +$2.96M
2022 Q4
2 quarters
KIDS icon
10
OrthoPediatrics
KIDS
$573M
$5.54M 1.76%
126,283
-3,975
-3% -$183K
2018 Q4
18 quarters
MRVL icon
11
Marvell Technology
MRVL
$205B
$5.11M 1.63%
85,482
-2,518
-3% -$122K
2023 Q1
1 quarter
UA icon
12
Under Armour Class C
UA
$1.99B
$4.91M 1.56%
732,000
+92,000
+14% +$676K
2017 Q3
23 quarters
SSNC icon
13
SS&C Technologies
SSNC
$19.7B
$4.84M 1.54%
79,900
-5,300
-6% -$301K
2015 Q4
30 quarters
HOLX icon
14
DELISTED
Hologic
HOLX
$4.66M 1.48%
57,539
+2,083
+4% +$170K
2021 Q1
9 quarters
INTC icon
15
Intel
INTC
$475B
$4.65M 1.48%
139,030
+7,336
+6% +$230K
2022 Q4
2 quarters
ATEC icon
16
Alphatec Holdings
ATEC
$1.62B
$4.64M 1.48%
257,910
-31,000
-11% -$483K
2022 Q3
3 quarters
LKQ icon
17
LKQ Corp
LKQ
$5.62B
$4.49M 1.43%
77,000
-8,000
-9% -$445K
2015 Q4
30 quarters
PGNY icon
18
Progyny
PGNY
$2.06B
$4.39M 1.4%
111,562
-6,912
-6% -$249K
2021 Q2
8 quarters
PINS icon
19
Pinterest
PINS
$12.4B
$4.24M 1.35%
155,000
+83,000
+115% +$2.07M
2022 Q3
3 quarters
MU icon
20
Micron Technology
MU
$994B
$4.21M 1.34%
66,729
+22,434
+51% +$1.44M
2015 Q4
30 quarters
PYPL icon
21
PayPal
PYPL
$48.5B
$4.19M 1.34%
62,840
+17,840
+40% +$1.22M
2022 Q1
5 quarters
CECO icon
22
Ceco Environmental
CECO
$3.32B
$4.14M 1.32%
+310,140
New +$3.86M
2023 Q2
0 quarters
CSGP icon
23
CoStar Group
CSGP
$13.1B
$3.92M 1.25%
44,000
– –
2015 Q4
30 quarters
DEA icon
24
Easterly Government Properties
DEA
$1.03B
$3.89M 1.24%
107,414
+40,614
+61% +$1.43M
2023 Q1
1 quarter
SWIM icon
25
Latham Group
SWIM
$720M
$3.77M 1.2%
1,015,718
+250,718
+33% +$766K
2022 Q3
3 quarters
1
2 3 4 5

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Formula Growth's Q2 2023 Portfolio in Review

As of Q2 2023, Formula Growth held 157 positions worth $314M, up 1.2% from $310M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Formula Growth's Q2 2023 filing shows 28 new, 25 increased, 45 reduced and 22 closed positions. Its largest new stake was Ceco Environmental: 310,140 shares worth $4.14M. The largest sale was StoneCo, an estimated $5.84M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 32% a quarter earlier, followed by Healthcare and Industrials.

  • Formula Growth's largest Q2 2023 buy was Ceco Environmental: 310,140 shares worth $4.14M.
  • Formula Growth added most to Unity in Q2 2023, an estimated $4.32M increase.
  • Formula Growth's biggest Q2 2023 reduction was Zuora, Inc., cutting an estimated $3.39M.
  • Formula Growth fully exited StoneCo in Q2 2023, selling an estimated $5.84M.
  • Formula Growth's ten largest holdings make up 23% of its $314M portfolio in Q2 2023.
  • Formula Growth opened 28 new positions and closed 22 in Q2 2023.
  • Formula Growth's portfolio value rose 1.2% quarter-over-quarter to $314M.

Based on Formula Growth's 13F filing for Q2 2023, filed 11 Aug 2023.