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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
-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

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
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
MU icon
1
Micron Technology
MU
$1.05T
$10.8M 3.94%
82,416
+26,205
+47% +$3.3M
CROX icon
2
Crocs
CROX
$5.86B
$8.84M 3.21%
+60,600
New +$8.5M
PAGS icon
3
PagSeguro Digital
PAGS
$2.45B
$8.13M 2.96%
695,857
+70,500
+11% +$867K
UCTT
4
Ultra Clean Holdings
UCTT
$3.15B
$7.6M 2.76%
155,055
-6,545
-4% -$294K
SNOW icon
5
Snowflake
SNOW
$114B
$6.89M 2.5%
51,000
+13,600
+36% +$2.01M
W icon
6
Wayfair
W
$14.2B
$6.49M 2.36%
123,117
+103,278
+521% +$6.13M
CECO icon
7
Ceco Environmental
CECO
$4.08B
$6.36M 2.31%
220,613
+22,500
+11% +$545K
SWIM icon
8
Latham Group
SWIM
$833M
$5.94M 2.16%
1,960,635
+210,000
+12% +$732K
BBW icon
9
Build-A-Bear
BBW
$374M
$5.66M 2.06%
224,160
+19,660
+10% +$554K
LIND icon
10
Lindblad Expeditions
LIND
$1.94B
$5.05M 1.84%
523,403
– –
TNDM icon
11
Tandem Diabetes Care
TNDM
$1.49B
$5.02M 1.82%
124,646
+900
+0.7% +$37.5K
INFN
12
DELISTED
Infinera Corporation Common Stock
INFN
$4.87M 1.77%
800,000
-210,000
-21% -$1.11M
ARCB icon
13
ArcBest
ARCB
$3.05B
$4.83M 1.75%
45,094
+6,399
+17% +$771K
BILL icon
14
BILL Holdings
BILL
$5.01B
$4.68M 1.7%
89,000
+44,000
+98% +$2.49M
ACVA icon
15
ACV Auctions
ACVA
$1.22B
$4.67M 1.7%
256,125
-23,200
-8% -$417K
IRTC icon
16
iRhythm Holdings
IRTC
$3.96B
$4.35M 1.58%
40,409
+8,430
+26% +$861K
RDNT icon
17
RadNet
RDNT
$5.87B
$4.28M 1.56%
72,670
-11,795
-14% -$640K
PODD icon
18
Insulet
PODD
$10.1B
$4.21M 1.53%
20,865
-230
-1% -$41.4K
SNBR
19
DELISTED
Sleep Number
SNBR
$4.09M 1.49%
427,696
-8,400
-2% -$115K
CHWY icon
20
Chewy
CHWY
$9.52B
$3.96M 1.44%
+145,500
New +$2.77M
CALX icon
21
Calix
CALX
$2.36B
$3.9M 1.42%
110,000
-10,000
-8% -$322K
HCA icon
22
HCA Healthcare
HCA
$90.5B
$3.86M 1.4%
12,000
-3,500
-23% -$1.14M
HOLX
23
DELISTED
Hologic
HOLX
$3.58M 1.3%
48,260
-2,570
-5% -$193K
XPO icon
24
XPO
XPO
$22.1B
$3.56M 1.29%
33,500
– –
TEAM icon
25
Atlassian
TEAM
$48.2B
$3.54M 1.29%
20,000
+15,000
+300% +$2.68M
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.