FORMULA GROWTH LTD
Long book
$221.6M
Q1 2026
Positions
137
Top-10 weight
22%
concentration
Last quarter
+24.8%
SPY +14.8%
Turnover
36%
of book per quarter
Strategy in plain words
auto-generated from filingsFORMULA GROWTH LTD is an institutional manager, running a $221.6M US long book across 137 positions.
The portfolio is broadly diversified across 137 positions (top 10 only 22%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MICRON TECHNOLOGY INC, LATHAM GROUP INC, STRATASYS LTD, FOX FACTORY HOLDING CORP, JAMES HARDIE IND PLC.
Over the last 9 quarters its long book ran on average 1.6pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-9.3%
Q2 2024
+6.9%
Q3 2024
+5.0%
Q4 2024
-12.4%
Q1 2025
+13.8%
Q2 2025
+6.0%
Q3 2025
+2.2%
Q4 2025
-11.5%
Q1 2026
+24.8%
Sector allocation
Technology 26%
Industrials 22%
Services media 13%
Healthcare 12%
Other 8%
Financials 6%
Consumer discretionary 5%
Real estate 2%
Long book by quarter
What does FORMULA GROWTH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MU MICRON TECHNOLOGY INC | Technology | 21.0K | $7.1M | 3.2% | -34.4% |
| SWIM LATHAM GROUP INC | Other | 1.3M | $6.7M | 3.0% | +4.1% |
| SSYS STRATASYS LTD | Technology | 800.0K | $6.2M | 2.8% | +21.2% |
| FOXF FOX FACTORY HOLDING CORP | Industrials | 279.2K | $4.6M | 2.1% | +100.6% |
| JHX JAMES HARDIE IND PLC | Industrials | 236.8K | $4.5M | 2.0% | -22.8% |
| XPO XPO INC | Industrials | 23.0K | $4.5M | 2.0% | Held |
| ALHC ALIGNMENT HEALTHCARE INC | Financials | 239.2K | $4.2M | 1.9% | -0.1% |
| COMP COMPASS INC - CLASS A | Real estate | 567.3K | $4.1M | 1.9% | +32.8% |
| CECO CECO ENVIRONMENTAL CORP | Industrials | 62.3K | $3.7M | 1.7% | -11.8% |
| FN FABRINET | Technology | 6.4K | $3.3M | 1.5% | Held |
| ORN ORION GROUP HOLDINGS INC | Industrials | 297.7K | $3.2M | 1.5% | -1.2% |
| MOD MODINE MANUFACTURING CO | Industrials | 14.7K | $3.2M | 1.4% | New |
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 5.4K | $3.2M | 1.4% | -4.6% |
| LULU LULULEMON ATHLETICA INC | Other | 20.0K | $3.1M | 1.4% | +233.3% |
| LAW CS DISCO INC | Technology | 800.0K | $3.1M | 1.4% | +6.7% |
| BTSG BRIGHTSPRING HEALTH SERVICES | Healthcare | 69.7K | $3.0M | 1.3% | -22.5% |
| KVYO KLAVIYO INC-A | Technology | 150.0K | $2.9M | 1.3% | New |
| CVSA COVISTA INC | Services media | 25.3K | $2.9M | 1.3% | -0.1% |
| HQY HEALTHEQUITY INC | Services media | 34.6K | $2.9M | 1.3% | -12.3% |
| BILL BILL HOLDINGS INC | Technology | 75.0K | $2.9M | 1.3% | -21.1% |
| U UNITY SOFTWARE INC | Technology | 130.0K | $2.9M | 1.3% | +62.5% |
| EQPT EQUIPMENTSHARE.COM INC-A | Services media | 136.9K | $2.8M | 1.3% | New |
| RBA RB GLOBAL INC | Services media | 27.7K | $2.7M | 1.2% | -8.4% |
| AX AXOS FINANCIAL INC | Financials | 30.6K | $2.6M | 1.2% | Held |
| PODD INSULET CORP | Healthcare | 12.0K | $2.5M | 1.1% | 0.0% |
| PACK RANPAK HOLDINGS CORP | Other | 694.5K | $2.5M | 1.1% | -29.8% |
| SAH SONIC AUTOMOTIVE INC-CLASS A | Consumer discretionary | 35.8K | $2.5M | 1.1% | Held |
| FPS FORGENT POWER SOLUTIONS-CL A | Industrials | 82.9K | $2.4M | 1.1% | New |
| HCA HCA HEALTHCARE INC | Healthcare | 5.0K | $2.4M | 1.1% | Held |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 34.7K | $2.3M | 1.1% | Held |
| UA UNDER ARMOUR INC-CLASS C | Other | 400.0K | $2.3M | 1.0% | -33.3% |
| AIR AAR CORP | Industrials | 21.0K | $2.3M | 1.0% | +16.5% |
| NXT NEXTPOWER INC-CL A | Technology | 18.6K | $2.2M | 1.0% | -0.2% |
| TPC TUTOR PERINI CORP | Industrials | 29.0K | $2.2M | 1.0% | -0.1% |
| MDB MONGODB INC | Technology | 9.0K | $2.2M | 1.0% | New |
| ARLO ARLO TECHNOLOGIES INC | Services media | 140.0K | $2.0M | 0.9% | +40.0% |
| UBER UBER TECHNOLOGIES INC | Services media | 26.5K | $1.9M | 0.9% | Held |
| FCFS FIRSTCASH HOLDINGS INC | Consumer discretionary | 10.0K | $1.9M | 0.8% | Held |
| CALX CALIX INC | Communications | 38.0K | $1.9M | 0.8% | +280.0% |
| NAVN NAVAN INC-CL A | Technology | 140.0K | $1.9M | 0.8% | +180.0% |
| ARCB ARCBEST CORP | Industrials | 18.8K | $1.9M | 0.8% | -62.9% |
| LAUR LAUREATE EDUCATION INC | Services media | 53.2K | $1.9M | 0.8% | -48.5% |
| RH RH | Consumer discretionary | 13.0K | $1.8M | 0.8% | -13.3% |
| NSP INSPERITY INC | Services media | 66.7K | $1.8M | 0.8% | +42.8% |
| MEC MAYVILLE ENGINEERING CO INC | Industrials | 100.0K | $1.8M | 0.8% | +150.0% |
| GXO GXO LOGISTICS INC | Industrials | 34.0K | $1.8M | 0.8% | Held |
| CPA COPA HOLDINGS SA-CLASS A | Industrials | 15.5K | $1.8M | 0.8% | Held |
| PANW PALO ALTO NETWORKS INC | Technology | 10.9K | $1.8M | 0.8% | Held |
| LBTYK LIBERTY GLOBAL LTD-C | Communications | 142.7K | $1.7M | 0.8% | Held |
| PROF PROFOUND MEDICAL CORP | Healthcare | 241.1K | $1.6M | 0.7% | +18.8% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 137 | $221.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 125 | $259.5M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 122 | $281.1M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 119 | $264.7M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 118 | $246.6M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 13, 2025 | 115 | $295.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 109 | $291.2M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 109 | $275.2M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 14, 2024 | 112 | $313.0M | canonical | SEC ↗ |
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