FG
Formula Growth LTD — 13F Filing & Top Stock Positions (Q2 2026)
Formula Growth LTDCIK: 0001093219
Diversified strategyMomentum followerQuality / disciplined sizing
Total reported value
$284.3M
Reporting period: 2026-06-30 · Number of holdings: 145
FORMULA GROWTH LTD disclosed 145 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $284.3M and a quarterly turnover rate of 46.9%.
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Personality snowflake
- Concentration
- 4.92
- Portfolio Stability
- 46.95
- Momentum
- 100
- Sector conviction
- 69.19
- Diversification
- 100
- Sizing Uniformity
- 91.12
Formula Growth LTD's disclosed holdings carry a Herfindahl concentration index of 0.012 — mathematically equivalent to about 81 equally-sized positions, well below its 145 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.89), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 53% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govAdd MU
-42.9% $6.8M
New buy GH
Sold out NAVN
Sold out ARCB
Add ICLR
+167.0% $2.5M
Trim NOK
-57.9% -$1.2M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | Stock-Tech | 4.87% | +1.67% | -42.86% | |
| 2 | SWIM | Latham Group Inc | Stock-Other | 3.13% | +0.09% | +9.56% | |
| 3 | SSYS | Stratasys Ltd. | Stock-Other | 2.59% | -0.23% | +7.50% | |
| 4 | COMP | Compass Inc - Class A | Stock-Real Estate | 2.11% | +0.24% | -14.10% | |
| 5 | ALHC | Alignment Healthcare Inc | Stock-Other | 1.85% | -0.05% | -7.47% | |
| 6 | CECO | Ceco Environmental CORP | Stock-Other | 1.76% | +0.08% | -11.52% | |
| 7 | JHX | James Hardie Industries plc | Stock-Other | 1.75% | -0.27% | -19.88% | |
| 8 | XPO | Xpo Inc | Stock-Industrials | 1.66% | -0.36% | — | |
| 9 | KVYO | Klaviyo Inc-a | Stock-Other | 1.59% | +0.27% | +100.00% | |
| 10 | ORN | Orion Group Holdings Inc | Stock-Other | 1.52% | +0.06% | -13.79% | |
| 11 | CALX | Calix Inc | Stock-Tech | 1.51% | +0.67% | +202.63% | |
| 12 | EQPT | Equipmentshare.com Inc-a | Stock-Other | 1.48% | +0.22% | +56.64% | |
| 13 | FOXF | Fox Factory Holding CORP | Stock-Other | 1.44% | -0.63% | -13.17% | |
| 14 | RYAAY | Ryanair Holdings Plc-sp Adr | Stock-Industrials | 1.42% | -0.21% | — | |
| 15 | U | Unity Software Inc | Stock-Tech | 1.41% | +0.12% | +7.69% | |
| 16 | PACK | Ranpak Holdings CORP | Stock-Other | 1.34% | +0.22% | -24.83% | |
| 17 | PANW | Palo Alto Networks Inc | Stock-Tech | 1.31% | +0.52% | — | |
| 18 | MOD | Modine Manufacturing Co | Stock-Consumer Disc | 1.27% | -0.17% | -7.89% | |
| 19 | BTSG | Brightspring Health Services | Stock-Other | 1.23% | -0.11% | -27.75% | |
| 20 | ICLR | ICON Public Limited Company | Stock-Healthcare | 1.14% | +0.79% | +167.03% | |
| 21 | RBA | Rb Global Inc | Stock-Industrials | 1.13% | -0.07% | -0.38% | |
| 22 | LIND | Lindblad Expeditions Holding | Stock-Other | 1.11% | +0.68% | +100.56% | |
| 23 | CVSA | Covista Inc | Stock-Consumer Staples | 1.10% | -0.22% | -0.43% | |
| 24 | UA | Under Armour Inc-class C | Stock-Consumer Disc | 1.09% | +0.04% | +25.00% | |
| 25 | HQY | Healthequity Inc | Stock-Healthcare | 1.09% | -0.21% | -0.39% | |
| 26 | SAH | Sonic Automotive Inc-class A | Stock-Other | 1.07% | -0.04% | — | |
| 27 | LAW | Cs Disco Inc | Stock-Other | 1.06% | -0.32% | — | |
| 28 | FN | Fabrinet | Stock-Tech | 1.06% | -0.45% | -16.09% | |
| 29 | AIR | Aar CORP | Stock-Industrials | 1.05% | +0.01% | -0.40% | |
| 30 | AX | Axos Financial Inc | Stock-Financials | 1.05% | -0.13% | — | |
| 31 | GH | Guardant Health Inc | Stock-Healthcare | 1.02% | +1.02% | NEW | |
| 32 | UTHR | United Therapeutics CORP | Stock-Healthcare | 1.02% | -0.41% | -0.41% | |
| 33 | LULU | Lululemon Athletica Inc | Stock-Consumer Disc | 1.00% | -0.38% | +25.00% | |
| 34 | MEC | Mayville Engineering Co Inc | Stock-Other | 0.99% | +0.18% | -25.00% | |
| 35 | LNTH | Lantheus Holdings Inc | Stock-Healthcare | 0.98% | +0.43% | +57.07% | |
| 36 | BILL | Bill Holdings Inc | Stock-Tech | 0.95% | -0.35% | — | |
| 37 | NOK | Nokia Corp-spon Adr | Stock-Tech | 0.93% | -0.79% | -57.89% | |
| 38 | EVH | Evolent Health Inc - A | Stock-Other | 0.92% | +0.70% | +125.58% | |
| 39 | CPA | Copa Holdings, S.A. | Stock-Other | 0.85% | +0.06% | — | |
| 40 | NSP | Insperity Inc | Stock-Other | 0.82% | +0.01% | -14.99% | |
| 41 | RH | Rh | Stock-Consumer Disc | 0.81% | -0.01% | +7.69% | |
| 42 | AGYS | Agilysys Inc | Stock-Other | 0.81% | +0.42% | +83.33% | |
| 43 | CDNA | Caredx Inc | Stock-Other | 0.78% | +0.17% | -0.58% | |
| 44 | FCFS | Firstcash Holdings Inc | Stock-Financials | 0.76% | -0.09% | — | |
| 45 | SSNC | Ss&c Technologies Holdings | Stock-Tech | 0.76% | -0.30% | — | |
| 46 | TPC | Tutor Perini CORP | Stock-Other | 0.72% | -0.29% | -15.11% | |
| 47 | JBHT | Hunt (jb) Transprt Svcs Inc | Stock-Industrials | 0.71% | +0.04% | — | |
| 48 | MDB | Mongodb Inc | Stock-Tech | 0.71% | -0.28% | -33.33% | |
| 49 | HCA | Hca Healthcare Inc | Stock-Healthcare | 0.69% | -0.38% | — | |
| 50 | GPN | Global Payments Inc | Stock-Industrials | 0.68% | +0.29% | +109.73% |
1–50 of 145
Portfolio Performance
Performance for Q3 2026
+4%
Performance Last 4 Quarters
+18.4%
- Stdev
- +26.3%
- Beta
- +1.71
- Alpha
- -26.5%
- Max Drawdown
- -24.2%
- Annualized Perf
- +4.5%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +0.45
- Stutzer
- +0.09
- Treynor
- +0.05
- Sterling
- +0.18
- Calmar
- +0.19
- Information Ratio
- -0.73
- Tracking Error
- +16.9%
- Stdev Down
- +17.2%
- Winning Months %
- +52.8%
- Losing Months %
- +47.2%
- Best 12 Months
- +25.1%
- Worst 12 Months
- -23.2%
- Efficiency Ratio
- +0.06
- Sharpe
- +0.29
- Stdev Sectors
- +11.5%
- Skewness
- -0.02
- Kurtosis
- -0.9
- Upside Potential
- +2.42
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 145 | $284.3M | 47 | ||
| 2026 Q1 | 137 | $221.6M | 60 | ||
| 2025 Q4 | 125 | $259.5M | 45 | ||
| 2025 Q3 | 122 | $281.1M | 63 | ||
| 2025 Q2 | 119 | $264.7M | 0 | ||
| 2025 Q1 | 118 | $246.6M | 100 | ||
| 2024 Q4 | 115 | $295.4M | 0 | ||
| 2024 Q3 | 109 | $291.2M | 0 | ||
| 2024 Q2 | 109 | $275.2M | 0 | ||
| 2024 Q1 | 112 | $313.0M | 0 | ||
| 2023 Q4 | 128 | $312.1M | 0 | ||
| 2023 Q3 | 136 | $293.0M | 0 | ||
| 2023 Q2 | 135 | $314.1M | 0 | ||
| 2023 Q1 | 129 | $310.5M | 0 | ||
| 2022 Q4 | 129 | $353.1M | 0 | ||
| 2022 Q3 | 127 | $350.0M | 0 | ||
| 2022 Q2 | 130 | $361.1M | 0 | ||
| 2022 Q1 | 140 | $530.2M | 0 | ||
| 2021 Q4 | 138 | $563.0M | 0 | ||
| 2021 Q3 | 146 | $698.7M | 0 | ||
| 2021 Q2 | 147 | $725.4M | 98 | ||
| 2021 Q1 | 164 | $695.2M | 63 | ||
| 2020 Q4 | 138 | $598.9M | 52 | ||
| 2020 Q3 | 148 | $534.6M | 59 | ||
| 2020 Q2 | 142 | $591.1M | 64 | ||
| 2020 Q1 | 152 | $521.6M | 81 | ||
| 2019 Q4 | 139 | $792.6M | 55 | ||
| 2019 Q3 | 147 | $667.4M | 41 | ||
| 2019 Q2 | 150 | $700.2M | 41 | ||
| 2019 Q1 | 145 | $708.3M | 54 | ||
| 2018 Q4 | 139 | $607.8M | 62 | ||
| 2018 Q3 | 143 | $871.1M | 45 | ||
| 2018 Q2 | 147 | $913.2M | 53 | ||
| 2018 Q1 | 146 | $843.1M | 52 | ||
| 2017 Q4 | 132 | $760.6M | 59 | ||
| 2017 Q3 | 135 | $635.9M | 52 | ||
| 2017 Q2 | 127 | $581.8M | 48 | ||
| 2017 Q1 | 138 | $479.5M | 60 | ||
| 2016 Q4 | 134 | $429.9M | 73 | ||
| 2016 Q3 | 153 | $442.2M | 74 | ||
| 2016 Q2 | 149 | $410.8M | 59 | ||
| 2016 Q1 | 156 | $418.7M | 60 | ||
| 2015 Q4 | 166 | $429.3M | 0 |
💡
Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
Formula Growth LTD's most significant position changes for 2026-06-30: New buy: Guardant Health Inc (GH); Sold out: Navan Inc-cl A (NAVN); Sold out: Arcbest CORP (ARCB); New buy: Ultra Clean Holdings Inc (UCTT); New buy: Everus Construction Group (ECG).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MU | Micron Technology Inc | +1.7% | -42.86% | Trim |
| 2 | GH | Guardant Health Inc | +1% | NEW | New buy |
| 3 | ICLR | ICON Public Limited Company | +0.8% | +167.03% | Add |
| 4 | EVH | Evolent Health Inc - A | +0.7% | +125.58% | Add |
| 5 | LIND | Lindblad Expeditions Holding | +0.7% | +100.56% | Add |
| 6 | CALX | Calix Inc | +0.7% | +202.63% | Add |
| 7 | UCTT | Ultra Clean Holdings Inc | +0.6% | NEW | New buy |
| 8 | ECG | Everus Construction Group | +0.6% | NEW | New buy |
| 9 | TOI | Oncology Institute Inc/the | +0.6% | NEW | New buy |
| 10 | LFST | Lifestance Health Group Inc | +0.6% | NEW | New buy |
| 11 | PANW | Palo Alto Networks Inc | +0.5% | — | Unchanged |
| 12 | LITE | Lumentum Holdings Inc | +0.5% | NEW | New buy |
| 13 | NOW | Servicenow Inc | +0.5% | NEW | New buy |
| 14 | PI | Impinj Inc | +0.5% | NEW | New buy |
| 15 | SIMO | Silicon Motion Technol-adr | +0.5% | NEW | New buy |
| 16 | PLNT | Planet Fitness Inc - Cl A | +0.4% | NEW | New buy |
| 17 | LNTH | Lantheus Holdings Inc | +0.4% | +57.07% | Add |
| 18 | ✓ | +0.4% | NEW | New buy | |
| 19 | AGYS | Agilysys Inc | +0.4% | +83.33% | Add |
| 20 | TRLV | Trulieve Cannabis CORP | +0.4% | NEW | New buy |
| 21 | TSAT | Telesat CORP | +0.4% | NEW | New buy |
| 22 | KOPN | Kopin CORP | +0.4% | NEW | New buy |
| 23 | SNDK | Sandisk CORP | +0.4% | NEW | New buy |
| 24 | VSXY | Victoria's Secret & Co | +0.3% | NEW | New buy |
| 25 | TBCH | Turtle Beach CORP | +0.3% | +138.63% | Add |
| 26 | GPN | Global Payments Inc | +0.3% | +109.73% | Add |
| 27 | MRX | Marex Group plc | +0.3% | NEW | New buy |
| 28 | KVYO | Klaviyo Inc-a | +0.3% | +100.00% | Add |
| 29 | QCOM | Qualcomm Inc | +0.3% | NEW | New buy |
| 30 | PSTL | Postal Realty Trust Inc- A | +0.3% | +181.25% | Add |
| 31 | INSG | Inseego CORP | +0.3% | NEW | New buy |
| 32 | COMP | Compass Inc - Class A | +0.2% | -14.10% | Trim |
| 33 | RHI | Robert Half Inc | +0.2% | NEW | New buy |
| 34 | IBKR | Interactive Brokers Gro-cl A | +0.2% | NEW | New buy |
| 35 | PLXS | Plexus CORP | +0.2% | NEW | New buy |
| 36 | EQPT | Equipmentshare.com Inc-a | +0.2% | +56.64% | Add |
| 37 | PACK | Ranpak Holdings CORP | +0.2% | -24.83% | Trim |
| 38 | NKE | Nike Inc -cl B | +0.2% | NEW | New buy |
| 39 | MANE | Veradermics Inc | +0.2% | -0.55% | Trim |
| 40 | EXFY | Expensify Inc - A | +0.2% | -1.69% | Trim |
| 41 | ARM | Arm Holdings Plc-adr | +0.2% | NEW | New buy |
| 42 | MEC | Mayville Engineering Co Inc | +0.2% | -25.00% | Trim |
| 43 | CDNA | Caredx Inc | +0.2% | -0.58% | Trim |
| 44 | VCYT | Veracyte Inc | +0.2% | — | Unchanged |
| 45 | RAIL | Freightcar America Inc | +0.2% | NEW | New buy |
| 46 | ESAB | Esab CORP | +0.2% | NEW | New buy |
| 47 | PLMR | Palomar Holdings Inc | +0.2% | NEW | New buy |
| 48 | RGTI | Rigetti Computing Inc | +0.2% | NEW | New buy |
| 49 | APO | Apollo Global Management Inc | +0.1% | +62.35% | Add |
| 50 | PD | Pagerduty Inc | +0.1% | +25.00% | Add |
1–50 of 169
Filing History
FAQ
What is Formula Growth LTD and what type of investor is it?
Formula Growth LTD is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $284.3M, spread across 145 disclosed positions.
What are Formula Growth LTD's largest equity positions?
Based on the latest 13F filing, Formula Growth LTD's top holdings by market value are:
1. Micron Technology Inc (MU) — $13.9M (4.9%)
2. Latham Group Inc (SWIM) — $8.9M (3.1%)
3. Stratasys Ltd. (SSYS) — $7.4M (2.6%)
4. Compass Inc - Class A (COMP) — $6.0M (2.1%)
5. Alignment Healthcare Inc (ALHC) — $5.3M (1.9%)
What changes did Formula Growth LTD make in its most recent portfolio filing?
In the latest reported quarter, Formula Growth LTD made 127 notable position adjustments: 32 new positions were initiated, 28 existing holdings were added to, 43 positions were partially reduced, and 24 were completely exited. The largest of these moves: New buy: Guardant Health Inc (GH); Sold out: Navan Inc-cl A (NAVN); Sold out: Arcbest CORP (ARCB); New buy: Ultra Clean Holdings Inc (UCTT); New buy: Everus Construction Group (ECG)
What sectors does Formula Growth LTD focus on?
Formula Growth LTD is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 37.7%
• Industrials: 21.2%
• Health Care: 14.5%
• Consumer Discretionary: 12.6%
• Financials: 6.3%
• Real Estate: 4.7%
Investment Profile
Formula Growth LTD returned an annualized 4.5% over the trailing 36 months — underperforming the S&P 500 by 26.5 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.71 (more volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 37.7% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 47 over the past 4 quarters — a shift toward more active trading.
It has added to its CALX position over the past two quarters (+$3.8M, now $4.3M), while trimming LAW over the same stretch (-$2.8M, still holding $3.0M).
Peer Institutions
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RF
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Total reported value
$284.3M
27 stks
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Concentration34.0
Portfolio Stability0.0
Sector conviction0.0
AUM within 0.0% of this institution
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AT
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Concentration25.0
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MW
MBE Wealth Management, LLC
CIK 0001775850
Total reported value
$284.5M
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Concentration18.6
Portfolio Stability19.1
Sector conviction61.4
AUM within 0.0% of this institution
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Similar Holdings Style
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VI
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CIK 0000019481
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$429.2M
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Concentration1.5
Portfolio Stability65.2
Sector conviction48.7
Also holds Micron Technology Inc as its largest position
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CA
Cozad Asset Management Inc
CIK 0000709428
Total reported value
$1.5B
453 stks
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Concentration4.3
Portfolio Stability24.3
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Also holds Micron Technology Inc as its largest position
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PM
Primecap Management Co/ca/
CIK 0000763212
Total reported value
$169.1B
324 stks
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Concentration13.5
Portfolio Stability35.5
Sector conviction79.0
Also holds Micron Technology Inc as its largest position
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Developer Access
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