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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
-3.55%
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
$275M
AUM Growth
-$37.8M
Cap. Flow
-$17.4M
Cap. Flow %
-6.33%
Top 10 Hldgs %
26.1%
Holding
129
New
17
Increased
22
Reduced
53
Closed
20
Avg Time Held
3.2 years
Top 10 Avg Time Held
0.4 years
Top 20 Avg Time Held
0.4 years

Top Buys

Rank Stock Value
1
CROX icon
Crocs
CROX
+$8.5M
2
W icon
Wayfair
W
+$6.13M
3
MU icon
Micron Technology
MU
+$3.3M
4
CHWY icon
Chewy
CHWY
+$2.77M
5
TEAM icon
Atlassian
TEAM
+$2.68M

Top Sells

Rank Stock Value
1
PLAY icon
Dave & Buster's
PLAY
+$8.03M
2
MPWR icon
Monolithic Power Systems
MPWR
+$6.66M
3
HEES icon
H&E Equipment Services
HEES
+$3.96M
4
TMCI icon
Treace Medical Concepts
TMCI
+$3.5M
5
PGNY icon
Progyny
PGNY
+$3.34M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Consumer Discretionary 21.88%
3 Healthcare 19.2%
4 Industrials 17.76%
5 Financials 2.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
MU icon
1
Micron Technology
MU
$994B
$10.8M 3.94%
82,416
+26,205
+47% +$3.3M
2015 Q4
34 quarters
CROX icon
2
Crocs
CROX
$5.9B
$8.84M 3.21%
+60,600
New +$8.5M
2024 Q2
0 quarters
PAGS icon
3
PagSeguro Digital
PAGS
$3.03B
$8.13M 2.96%
695,857
+70,500
+11% +$867K
2018 Q1
25 quarters
UCTT icon
4
Ultra Clean Holdings
UCTT
$2.31B
$7.6M 2.76%
155,055
-6,545
-4% -$294K
2024 Q1
1 quarter
SNOW icon
5
Snowflake
SNOW
$108B
$6.89M 2.5%
51,000
+13,600
+36% +$2.01M
2024 Q1
1 quarter
W icon
6
Wayfair
W
$14.7B
$6.49M 2.36%
123,117
+103,278
+521% +$6.13M
2024 Q1
1 quarter
CECO icon
7
Ceco Environmental
CECO
$3.32B
$6.36M 2.31%
220,613
+22,500
+11% +$545K
2023 Q2
4 quarters
SWIM icon
8
Latham Group
SWIM
$720M
$5.94M 2.16%
1,960,635
+210,000
+12% +$732K
2022 Q3
7 quarters
BBW icon
9
Build-A-Bear
BBW
$307M
$5.66M 2.06%
224,160
+19,660
+10% +$554K
2023 Q3
3 quarters
LIND icon
10
Lindblad Expeditions
LIND
$2.26B
$5.05M 1.84%
523,403
– –
2023 Q3
3 quarters
TNDM icon
11
Tandem Diabetes Care
TNDM
$1.13B
$5.02M 1.82%
124,646
+900
+0.7% +$37.5K
2020 Q1
17 quarters
INFN icon
12
DELISTED
Infinera Corporation Common Stock
INFN
$4.87M 1.77%
800,000
-210,000
-21% -$1.11M
2023 Q4
2 quarters
ARCB icon
13
ArcBest
ARCB
$2.91B
$4.83M 1.75%
45,094
+6,399
+17% +$771K
2023 Q2
4 quarters
BILL icon
14
BILL Holdings
BILL
$3.89B
$4.68M 1.7%
89,000
+44,000
+98% +$2.49M
2023 Q4
2 quarters
ACVA icon
15
ACV Auctions
ACVA
$1.78B
$4.67M 1.7%
256,125
-23,200
-8% -$417K
2022 Q3
7 quarters
IRTC icon
16
iRhythm Holdings
IRTC
$3.58B
$4.35M 1.58%
40,409
+8,430
+26% +$861K
2024 Q1
1 quarter
RDNT icon
17
RadNet
RDNT
$5.41B
$4.28M 1.56%
72,670
-11,795
-14% -$640K
2023 Q3
3 quarters
PODD icon
18
Insulet
PODD
$9.79B
$4.21M 1.53%
20,865
-230
-1% -$41.4K
2016 Q2
32 quarters
SNBR icon
19
DELISTED
Sleep Number
SNBR
$4.09M 1.49%
427,696
-8,400
-2% -$115K
2023 Q4
2 quarters
CHWY icon
20
Chewy
CHWY
$8.43B
$3.96M 1.44%
+145,500
New +$2.77M
2024 Q2
0 quarters
CALX icon
21
Calix
CALX
$2.3B
$3.9M 1.42%
110,000
-10,000
-8% -$322K
2024 Q1
1 quarter
HCA icon
22
HCA Healthcare
HCA
$99.3B
$3.86M 1.4%
12,000
-3,500
-23% -$1.14M
2015 Q4
34 quarters
HOLX icon
23
DELISTED
Hologic
HOLX
$3.58M 1.3%
48,260
-2,570
-5% -$193K
2021 Q1
13 quarters
XPO icon
24
XPO
XPO
$21.9B
$3.56M 1.29%
33,500
– –
2015 Q4
34 quarters
TEAM icon
25
Atlassian
TEAM
$52.6B
$3.54M 1.29%
20,000
+15,000
+300% +$2.68M
2024 Q1
1 quarter
1
2 3 4 5

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Formula Growth's Q2 2024 Portfolio in Review

As of Q2 2024, Formula Growth held 129 positions worth $275M, down 12% from $313M the previous quarter. Its ten largest holdings account for 26% of the portfolio.

Formula Growth withdrew a net $17.4M in Q2 2024, closing 20 positions and reducing 53 holdings. Its most notable exit was Dave & Buster's, an estimated $8.03M position sold in full.

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

Against the trend, Formula Growth opened a new position in Crocs worth $8.84M.

  • Formula Growth's largest Q2 2024 buy was Crocs: 60,600 shares worth $8.84M.
  • Formula Growth added most to Wayfair in Q2 2024, an estimated $6.13M increase.
  • Formula Growth's biggest Q2 2024 reduction was Marvell Technology, cutting an estimated $3.18M.
  • Formula Growth fully exited Dave & Buster's in Q2 2024, selling an estimated $8.03M.
  • Formula Growth's ten largest holdings make up 26% of its $275M portfolio in Q2 2024.
  • Formula Growth opened 17 new positions and closed 20 in Q2 2024.
  • Formula Growth's portfolio value fell 12% quarter-over-quarter to $275M.

Based on Formula Growth's 13F filing for Q2 2024, filed 13 Aug 2024.