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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
+9.89%
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
$313M
AUM Growth
+$926K
Cap. Flow
-$14.6M
Cap. Flow %
-4.66%
Top 10 Hldgs %
23.08%
Holding
150
New
22
Increased
20
Reduced
42
Closed
38

Top Buys

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$7.25M
2
UCTT
Ultra Clean Holdings
UCTT
+$6.56M
3
MPWR icon
Monolithic Power Systems
MPWR
+$6.56M
4
MRVL icon
Marvell Technology
MRVL
+$6.2M
5
PLAY icon
Dave & Buster's
PLAY
+$4.87M

Top Sells

Rank Stock Value
1
FIS icon
Fidelity National Information Services
FIS
+$4.11M
2
SSYS icon
Stratasys
SSYS
+$3.57M
3
HLX icon
Helix Energy Solutions
HLX
+$3.4M
4
OKTA icon
Okta
OKTA
+$3.26M
5
NEO icon
NeoGenomics
NEO
+$3.22M

Sector Composition

Rank Sector Weight
1 Technology 33.91%
2 Healthcare 20.37%
3 Industrials 17.86%
4 Consumer Discretionary 17.29%
5 Communication Services 5.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PAGS icon
1
PagSeguro Digital
PAGS
$2.45B
$8.93M 2.85%
625,357
-162,500
-21% -$2.15M
EVH icon
2
Evolent Health
EVH
$520M
$8.13M 2.6%
247,951
-5,050
-2% -$161K
PLAY icon
3
Dave & Buster's
PLAY
$327M
$8.03M 2.56%
128,246
+85,000
+197% +$4.87M
UCTT
4
Ultra Clean Holdings
UCTT
$3.15B
$7.42M 2.37%
+161,600
New +$6.56M
SNBR
5
DELISTED
Sleep Number
SNBR
$6.99M 2.23%
436,096
+155,234
+55% +$2.01M
SWIM icon
6
Latham Group
SWIM
$833M
$6.93M 2.21%
1,750,635
+343,183
+24% +$978K
MPWR icon
7
Monolithic Power Systems
MPWR
$61.7B
$6.66M 2.13%
+9,830
New +$6.56M
MU icon
8
Micron Technology
MU
$1.05T
$6.63M 2.12%
56,211
+5,500
+11% +$498K
MRVL icon
9
Marvell Technology
MRVL
$195B
$6.41M 2.05%
+90,450
New +$6.2M
BBW icon
10
Build-A-Bear
BBW
$374M
$6.11M 1.95%
204,500
+40,500
+25% +$971K
INFN
11
DELISTED
Infinera Corporation Common Stock
INFN
$6.09M 1.95%
1,010,000
+510,000
+102% +$2.56M
SNOW icon
12
Snowflake
SNOW
$114B
$6.04M 1.93%
+37,400
New +$7.25M
ARCB icon
13
ArcBest
ARCB
$3.05B
$5.51M 1.76%
38,695
-12,890
-25% -$1.69M
ACVA icon
14
ACV Auctions
ACVA
$1.22B
$5.24M 1.68%
279,325
+54,710
+24% +$857K
HCA icon
15
HCA Healthcare
HCA
$90.5B
$5.17M 1.65%
15,500
-5,000
-24% -$1.53M
LIND icon
16
Lindblad Expeditions
LIND
$1.94B
$4.88M 1.56%
523,403
– –
CECO icon
17
Ceco Environmental
CECO
$4.08B
$4.56M 1.46%
198,113
-32,580
-14% -$671K
U icon
18
Unity
U
$19.1B
$4.54M 1.45%
170,000
+20,000
+13% +$629K
TNDM icon
19
Tandem Diabetes Care
TNDM
$1.49B
$4.38M 1.4%
123,746
+83,000
+204% +$2.22M
UA icon
20
Under Armour Class C
UA
$2.12B
$4.28M 1.37%
600,000
+25,000
+4% +$191K
CSGP icon
21
CoStar Group
CSGP
$13.1B
$4.25M 1.36%
44,000
– –
RDNT icon
22
RadNet
RDNT
$5.87B
$4.11M 1.31%
84,465
-35
-0% -$1.41K
XPOF icon
23
Xponential Fitness
XPOF
$229M
$4.1M 1.31%
+247,634
New +$3.04M
XPO icon
24
XPO
XPO
$22.1B
$4.09M 1.31%
33,500
-5,000
-13% -$535K
LAW icon
25
CS Disco
LAW
$282M
$4.07M 1.3%
500,000
– –
1
2 3 4 5

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Formula Growth's Q1 2024 Portfolio in Review

As of Q1 2024, Formula Growth held 150 positions worth $313M, up 0.3% from $312M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

Formula Growth withdrew a net $14.6M in Q1 2024, closing 38 positions and reducing 42 holdings. Its most notable exit was Fidelity National Information Services, an estimated $4.11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Formula Growth opened a new position in Snowflake worth $6.04M.

  • Formula Growth's largest Q1 2024 buy was Snowflake: 37,400 shares worth $6.04M.
  • Formula Growth added most to Dave & Buster's in Q1 2024, an estimated $4.87M increase.
  • Formula Growth's biggest Q1 2024 reduction was Six Flags Entertainment Corp., cutting an estimated $2.4M.
  • Formula Growth fully exited Fidelity National Information Services in Q1 2024, selling an estimated $4.11M.
  • Formula Growth's ten largest holdings make up 23% of its $313M portfolio in Q1 2024.
  • Formula Growth opened 22 new positions and closed 38 in Q1 2024.
  • Formula Growth's portfolio value rose 0.3% quarter-over-quarter to $313M.

Based on Formula Growth's 13F filing for Q1 2024, filed 14 May 2024.