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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
+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
Avg Time Held
3.3 years
Top 10 Avg Time Held
0.4 years
Top 20 Avg Time Held
0.8 years

Top Buys

Rank Stock Value
1
SNOW icon
Snowflake
SNOW
+$7.25M
2
UCTT icon
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
HOS icon
Hornbeck Offshore Services, Inc.
HOS
+$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 Consumer Discretionary 17.29%
4 Industrials 17.18%
5 Communication Services 5.43%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
PAGS icon
1
PagSeguro Digital
PAGS
$3.03B
$8.93M 2.85%
625,357
-162,500
-21% -$2.15M
2018 Q1
24 quarters
EVH icon
2
Evolent Health
EVH
$517M
$8.13M 2.6%
247,951
-5,050
-2% -$161K
2017 Q1
28 quarters
PLAY icon
3
Dave & Buster's
PLAY
$265M
$8.03M 2.56%
128,246
+85,000
+197% +$4.87M
2022 Q2
7 quarters
UCTT icon
4
Ultra Clean Holdings
UCTT
$2.31B
$7.42M 2.37%
+161,600
New +$6.56M
2024 Q1
0 quarters
SNBR icon
5
DELISTED
Sleep Number
SNBR
$6.99M 2.23%
436,096
+155,234
+55% +$2.01M
2023 Q4
1 quarter
SWIM icon
6
Latham Group
SWIM
$720M
$6.93M 2.21%
1,750,635
+343,183
+24% +$978K
2022 Q3
6 quarters
MPWR icon
7
Monolithic Power Systems
MPWR
$59.5B
$6.66M 2.13%
+9,830
New +$6.56M
2024 Q1
0 quarters
MU icon
8
Micron Technology
MU
$994B
$6.63M 2.12%
56,211
+5,500
+11% +$498K
2015 Q4
33 quarters
MRVL icon
9
Marvell Technology
MRVL
$205B
$6.41M 2.05%
+90,450
New +$6.2M
2024 Q1
0 quarters
BBW icon
10
Build-A-Bear
BBW
$307M
$6.11M 1.95%
204,500
+40,500
+25% +$971K
2023 Q3
2 quarters
INFN icon
11
DELISTED
Infinera Corporation Common Stock
INFN
$6.09M 1.95%
1,010,000
+510,000
+102% +$2.56M
2023 Q4
1 quarter
SNOW icon
12
Snowflake
SNOW
$108B
$6.04M 1.93%
+37,400
New +$7.25M
2024 Q1
0 quarters
ARCB icon
13
ArcBest
ARCB
$2.91B
$5.51M 1.76%
38,695
-12,890
-25% -$1.69M
2023 Q2
3 quarters
ACVA icon
14
ACV Auctions
ACVA
$1.78B
$5.24M 1.68%
279,325
+54,710
+24% +$857K
2022 Q3
6 quarters
HCA icon
15
HCA Healthcare
HCA
$99.3B
$5.17M 1.65%
15,500
-5,000
-24% -$1.53M
2015 Q4
33 quarters
LIND icon
16
Lindblad Expeditions
LIND
$2.26B
$4.88M 1.56%
523,403
– –
2023 Q3
2 quarters
CECO icon
17
Ceco Environmental
CECO
$3.32B
$4.56M 1.46%
198,113
-32,580
-14% -$671K
2023 Q2
3 quarters
U icon
18
Unity
U
$17.8B
$4.54M 1.45%
170,000
+20,000
+13% +$629K
2022 Q3
6 quarters
TNDM icon
19
Tandem Diabetes Care
TNDM
$1.13B
$4.38M 1.4%
123,746
+83,000
+204% +$2.22M
2020 Q1
16 quarters
UA icon
20
Under Armour Class C
UA
$1.99B
$4.28M 1.37%
600,000
+25,000
+4% +$191K
2017 Q3
26 quarters
CSGP icon
21
CoStar Group
CSGP
$13.1B
$4.25M 1.36%
44,000
– –
2015 Q4
33 quarters
RDNT icon
22
RadNet
RDNT
$5.41B
$4.11M 1.31%
84,465
-35
-0% -$1.41K
2023 Q3
2 quarters
XPOF icon
23
Xponential Fitness
XPOF
$189M
$4.1M 1.31%
+247,634
New +$3.04M
2024 Q1
0 quarters
XPO icon
24
XPO
XPO
$21.9B
$4.09M 1.31%
33,500
-5,000
-13% -$535K
2015 Q4
33 quarters
LAW icon
25
CS Disco
LAW
$288M
$4.06M 1.3%
500,000
– –
2023 Q1
4 quarters
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 Consumer Discretionary.

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.