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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
-8.07%
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
$293M
AUM Growth
-$21M
Cap. Flow
+$12.1M
Cap. Flow %
4.12%
Top 10 Hldgs %
21.64%
Holding
160
New
25
Increased
27
Reduced
50
Closed
24

Top Buys

Rank Stock Value
1
SHOP icon
Shopify
SHOP
+$4.85M
2
SSYS icon
Stratasys
SSYS
+$4.35M
3
SNOW icon
Snowflake
SNOW
+$4.07M
4
PLAY icon
Dave & Buster's
PLAY
+$3.97M
5
U icon
Unity
U
+$3.47M

Top Sells

Rank Stock Value
1
NEWR
New Relic, Inc.
NEWR
+$7.2M
2
SIX
Six Flags Entertainment Corp.
SIX
+$5.69M
3
PYPL icon
PayPal
PYPL
+$4.19M
4
OKTA icon
Okta
OKTA
+$3.79M
5
MRVL icon
Marvell Technology
MRVL
+$2.67M

Sector Composition

Rank Sector Weight
1 Technology 32.21%
2 Healthcare 17.43%
3 Consumer Discretionary 16.79%
4 Industrials 15.3%
5 Communication Services 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
U icon
1
Unity
U
$19.1B
$8.95M 3.05%
285,000
+90,000
+46% +$3.47M
EVH icon
2
Evolent Health
EVH
$520M
$8.08M 2.76%
296,901
-2,609
-0.9% -$72.5K
PAGS icon
3
PagSeguro Digital
PAGS
$2.45B
$7.42M 2.53%
861,957
-68,329
-7% -$643K
BABA icon
4
Alibaba
BABA
$296B
$6.84M 2.33%
78,876
-1,010
-1% -$92.5K
PLAY icon
5
Dave & Buster's
PLAY
$327M
$6.5M 2.22%
175,446
+97,181
+124% +$3.97M
ACVA icon
6
ACV Auctions
ACVA
$1.22B
$6.01M 2.05%
395,615
-3,795
-1% -$61.6K
ARCB icon
7
ArcBest
ARCB
$3.05B
$5.14M 1.76%
50,600
+23,000
+83% +$2.41M
HCA icon
8
HCA Healthcare
HCA
$90.5B
$5.04M 1.72%
20,500
-2,500
-11% -$684K
ASAN icon
9
Asana
ASAN
$2.35B
$4.76M 1.62%
260,000
+150,000
+136% +$3.14M
CECO icon
10
Ceco Environmental
CECO
$4.08B
$4.67M 1.59%
292,493
-17,647
-6% -$242K
UA icon
11
Under Armour Class C
UA
$2.12B
$4.59M 1.57%
720,000
-12,000
-2% -$82.7K
SSYS icon
12
Stratasys
SSYS
$678M
$4.42M 1.51%
325,000
+275,000
+550% +$4.35M
SHOP icon
13
Shopify
SHOP
$197B
$4.37M 1.49%
+80,000
New +$4.85M
MU icon
14
Micron Technology
MU
$1.05T
$4.33M 1.48%
63,661
-3,068
-5% -$206K
INTC icon
15
Intel
INTC
$473B
$4.14M 1.41%
116,355
-22,675
-16% -$790K
KIDS icon
16
OrthoPediatrics
KIDS
$617M
$4M 1.36%
124,970
-1,313
-1% -$50.6K
IMAX icon
17
IMAX
IMAX
$2.76B
$3.9M 1.33%
201,694
-1,916
-0.9% -$35.3K
SNOW icon
18
Snowflake
SNOW
$114B
$3.82M 1.3%
+25,000
New +$4.07M
XPRO icon
19
Expro Ltd
XPRO
$1.98B
$3.81M 1.3%
163,854
+94,388
+136% +$2.13M
PGNY icon
20
Progyny
PGNY
$1.99B
$3.76M 1.28%
110,667
-895
-0.8% -$33.8K
FIS icon
21
Fidelity National Information Services
FIS
$21.4B
$3.6M 1.23%
65,116
+13,188
+25% +$759K
SSNC icon
22
SS&C Technologies
SSNC
$19.6B
$3.51M 1.2%
66,900
-13,000
-16% -$743K
HCP
23
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$3.42M 1.17%
150,000
+50,000
+50% +$1.36M
LNTH icon
24
Lantheus
LNTH
$6.58B
$3.42M 1.17%
49,200
+16,711
+51% +$1.22M
CSGP icon
25
CoStar Group
CSGP
$13.1B
$3.38M 1.15%
44,000
– –
1
2 3 4 5

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Formula Growth's Q3 2023 Portfolio in Review

As of Q3 2023, Formula Growth held 160 positions worth $293M, down 6.7% from $314M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

Formula Growth deployed $12.1M of net new capital in Q3 2023, opening 25 new positions and adding to 27 existing holdings. Its largest new stake was Shopify: 80,000 shares worth $4.37M.

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

On the sell side, the largest reduction was Okta, an estimated $3.79M trimmed.

  • Formula Growth's largest Q3 2023 buy was Shopify: 80,000 shares worth $4.37M.
  • Formula Growth added most to Stratasys in Q3 2023, an estimated $4.35M increase.
  • Formula Growth's biggest Q3 2023 reduction was Okta, cutting an estimated $3.79M.
  • Formula Growth fully exited New Relic, Inc. in Q3 2023, selling an estimated $7.2M.
  • Formula Growth's ten largest holdings make up 22% of its $293M portfolio in Q3 2023.
  • Formula Growth opened 25 new positions and closed 24 in Q3 2023.
  • Formula Growth's portfolio value fell 6.7% quarter-over-quarter to $293M.

Based on Formula Growth's 13F filing for Q3 2023, filed 13 Nov 2023.