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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
-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
Avg Time Held
2.8 years
Top 10 Avg Time Held
0.5 years
Top 20 Avg Time Held
0.7 years

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 icon
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 15.91%
5 Communication Services 7.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
U icon
1
Unity
U
$17.8B
$8.95M 3.05%
285,000
+90,000
+46% +$3.47M
2022 Q3
4 quarters
EVH icon
2
Evolent Health
EVH
$517M
$8.08M 2.76%
296,901
-2,609
-0.9% -$72.5K
2017 Q1
26 quarters
PAGS icon
3
PagSeguro Digital
PAGS
$3.03B
$7.42M 2.53%
861,957
-68,329
-7% -$643K
2018 Q1
22 quarters
BABA icon
4
Alibaba
BABA
$271B
$6.84M 2.33%
78,876
-1,010
-1% -$92.5K
2023 Q1
2 quarters
PLAY icon
5
Dave & Buster's
PLAY
$265M
$6.5M 2.22%
175,446
+97,181
+124% +$3.97M
2022 Q2
5 quarters
ACVA icon
6
ACV Auctions
ACVA
$1.78B
$6.01M 2.05%
395,615
-3,795
-1% -$61.6K
2022 Q3
4 quarters
ARCB icon
7
ArcBest
ARCB
$2.91B
$5.14M 1.76%
50,600
+23,000
+83% +$2.41M
2023 Q2
1 quarter
HCA icon
8
HCA Healthcare
HCA
$99.3B
$5.04M 1.72%
20,500
-2,500
-11% -$684K
2015 Q4
31 quarters
ASAN icon
9
Asana
ASAN
$2.26B
$4.76M 1.62%
260,000
+150,000
+136% +$3.14M
2023 Q2
1 quarter
CECO icon
10
Ceco Environmental
CECO
$3.32B
$4.67M 1.59%
292,493
-17,647
-6% -$242K
2023 Q2
1 quarter
UA icon
11
Under Armour Class C
UA
$1.99B
$4.59M 1.57%
720,000
-12,000
-2% -$82.7K
2017 Q3
24 quarters
SSYS icon
12
Stratasys
SSYS
$608M
$4.42M 1.51%
325,000
+275,000
+550% +$4.35M
2023 Q2
1 quarter
SHOP icon
13
Shopify
SHOP
$218B
$4.37M 1.49%
+80,000
New +$4.85M
2023 Q3
0 quarters
MU icon
14
Micron Technology
MU
$994B
$4.33M 1.48%
63,661
-3,068
-5% -$206K
2015 Q4
31 quarters
INTC icon
15
Intel
INTC
$475B
$4.14M 1.41%
116,355
-22,675
-16% -$790K
2022 Q4
3 quarters
KIDS icon
16
OrthoPediatrics
KIDS
$573M
$4M 1.36%
124,970
-1,313
-1% -$50.6K
2018 Q4
19 quarters
IMAX icon
17
IMAX
IMAX
$2.79B
$3.9M 1.33%
201,694
-1,916
-0.9% -$35.3K
2021 Q4
7 quarters
SNOW icon
18
Snowflake
SNOW
$108B
$3.82M 1.3%
+25,000
New +$4.07M
2023 Q3
0 quarters
XPRO icon
19
Expro Ltd
XPRO
$1.82B
$3.81M 1.3%
163,854
+94,388
+136% +$2.13M
2023 Q1
2 quarters
PGNY icon
20
Progyny
PGNY
$2.06B
$3.76M 1.28%
110,667
-895
-0.8% -$33.8K
2021 Q2
9 quarters
FIS icon
21
Fidelity National Information Services
FIS
$18.6B
$3.6M 1.23%
65,116
+13,188
+25% +$759K
2019 Q3
16 quarters
SSNC icon
22
SS&C Technologies
SSNC
$19.7B
$3.51M 1.2%
66,900
-13,000
-16% -$743K
2015 Q4
31 quarters
HCP icon
23
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$3.42M 1.17%
150,000
+50,000
+50% +$1.36M
2023 Q1
2 quarters
LNTH icon
24
Lantheus
LNTH
$6.51B
$3.42M 1.17%
49,200
+16,711
+51% +$1.22M
2023 Q2
1 quarter
CSGP icon
25
CoStar Group
CSGP
$13.1B
$3.38M 1.15%
44,000
– –
2015 Q4
31 quarters
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.