SEC 13F Intelligence

Managers / Q1 2026

FORMULA GROWTH LTD

CIK 0001093219 · 1010 SHERBROOKE ST W SUITE 2300, MONTREAL, A8, H3A 2R7 · 514-288-5136

Reported Value
$222M
Q1 2026
Positions
137
Filings on Record
30
2019–present window
Filed
May 14, 2026
original filing

Summary

Formula Growth Ltd reported $222M in U.S.-listed holdings across 137 positions for Q1 2026.

Its largest position, MU, represents 3.2% of the portfolio.

Compared with Q4 2025, the fund opened 35 new positions and exited 23.

Portfolio Metrics

Turnover
+21.9%
vs prior filed quarter
Top-10 Concentration
+22.4%
share of reported value
Largest Position
+3.2%
Micron Technology
New / Exited
35 / 23
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $608MQ4 ’18Q1 ’19: $708MQ2 ’19: $700MQ3 ’19: $667MQ4 ’19: $793MQ4 ’19Q1 ’20: $522MQ2 ’20: $591MQ3 ’20: $535MQ4 ’20: $599MQ4 ’20Q1 ’21: $695MQ2 ’21: $725MQ3 ’21: $699MQ4 ’21: $563MQ4 ’21Q1 ’22: $530MQ2 ’22: $361MQ3 ’22: $350MQ4 ’22: $353MQ4 ’22Q1 ’23: $310MQ2 ’23: $314MQ3 ’23: $293MQ4 ’23: $312MQ4 ’23Q1 ’24: $313MQ2 ’24: $275MQ3 ’24: $291MQ4 ’24: $295MQ4 ’24Q1 ’25: $247MQ2 ’25: $265MQ3 ’25: $281MQ4 ’25: $260MQ4 ’25Q1 ’26: $222Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 85.9%Other: 10.8%ADR: 3.4%
  • Common Stock · 85.9% · $190M
  • Other · 10.8% · $24M
  • ADR · 3.4% · $7M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
MODMODINE MFG CONEW+14.7K14.7K+$3M$3M
KVYOKLAVIYO INCNEW+150.0K150.0K+$3M$3M
EQPTEQUIPMENTSHARE COM INCNEW+136.9K136.9K+$3M$3M
FPS1EURFORGENT POWER SOLUTIONS INCNEW+82.9K82.9K+$2M$2M
MDBMONGODB INCNEW+9.0K9.0K+$2M$2M
IM8NINSMED INCNEW+9.0K9.0K+$1M$1M
WDAYWORKDAY INCNEW+10.0K10.0K+$1M$1M
LNTHLANTHEUS HLDGS INCNEW+16.0K16.0K+$1M$1M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2026

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MUMICRON TECHNOLOGY INChistory →COM3.20%$7M21.0K
2SWIMLATHAM GROUP INChistory →COM3.04%$7M1.26M
3STRATASYS LTDSHS2.82%$6M800.0K
4FOXFFOX FACTORY HLDG CORPhistory →COM2.07%$5M279.2K
5JAMES HARDIE INDS PLCORD SHS2.02%$4M236.8K
6XPOXPO INChistory →COM2.02%$4M23.0K
7ALHCALIGNMENT HEALTHCARE INChistory →COM1.90%$4M239.2K
8COMPCOMPASS INChistory →CL A1.87%$4M567.3K
9NOKNOKIA CORPhistory →SPONSORED ADR1.72%$4M475.0K
10CECOCECO ENVIRONMENTAL CORPhistory →COM1.68%$4M62.3K
11RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADS1.63%$4M62.4K
12FABRINETSHS1.51%$3M6.4K
13ORNORION GROUP HLDGS INChistory →COM1.46%$3M297.7K
14MODMODINE MFG COhistory →COM1.44%$3M14.7K
15UTHUNITED THERAPEUTICS CORP DELhistory →COM1.43%$3M5.4K
16LULULULULEMON ATHLETICA INChistory →COM1.38%$3M20.0K
17LAWCS DISCO INChistory →COM1.38%$3M800.0K
18BTSGBRIGHTSPRING HEALTH SVCS INChistory →COM1.34%$3M69.7K
19KVYOKLAVIYO INChistory →COM SER A1.32%$3M150.0K
20CVSACOVISTA INChistory →COM1.32%$3M25.3K
21HQYHEALTHEQUITY INChistory →COM1.30%$3M34.6K
22BILLBILL HOLDINGS INChistory →COM1.30%$3M75.0K
23UUNITY SOFTWARE INChistory →COM1.29%$3M130.0K
24EQPTEQUIPMENTSHARE COM INChistory →COM CL A1.26%$3M136.9K
25RBARB GLOBAL INChistory →COM1.20%$3M27.7K
26BB4AXOS FINANCIAL INChistory →COM1.18%$3M30.6K
27PODDINSULET CORPhistory →COM1.14%$3M12.0K
28PACKRANPAK HOLDINGS CORPhistory →COM CL A1.12%$2M694.5K
29SAHSONIC AUTOMOTIVE INChistory →CL A1.11%$2M35.8K
30FPS1EURFORGENT POWER SOLUTIONS INChistory →COM SHS CL A1.09%$2M82.9K
31HCAHCA HEALTHCARE INChistory →COM1.07%$2M5.0K
32SSNCSS&C TECH HLDGShistory →COM1.06%$2M34.7K
33UAUNDER ARMOUR INChistory →CL C1.05%$2M400.0K
34AIRAAR CORPhistory →COM1.04%$2M21.0K
35NXTNEXTPOWER INChistory →CLASS A COM1.01%$2M18.6K
36TPCTUTOR PERINI CORPhistory →COM1.01%$2M29.0K
37MDBMONGODB INCCL A0.99%$2M9.0K
38ARLOARLO TECHNOLOGIES INCCOM0.90%$2M140.0K
39UBERUBER TECHNOLOGIES INCCOM0.86%$2M26.5K
40FCFSFIRSTCASH HOLDINGS INCCOM0.85%$2M10.0K
41CALXCALIX INCCOM0.84%$2M38.0K
42NAVNNAVAN INCCL A0.84%$2M140.0K
43ARCBARCBEST CORPCOM0.84%$2M18.8K
44LAURLAUREATE ED INCCOMMON STOCK0.84%$2M53.2K
45RHRHCOM0.82%$2M13.0K
46NSPINSPERITY INCCOM0.81%$2M66.7K
47MECMAYVILLE ENGR CO INCCOM0.81%$2M100.0K
48GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.80%$2M34.0K
49COPA HOLDINGS SACL A0.79%$2M15.5K
50PANWPALO ALTO NETWORKS INCCOM0.79%$2M10.9K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$222M137May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$260M125Feb 13, 202613F-HRchanges · EDGAR ↗
Q3 2025$281M122Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$265M119Aug 13, 202513F-HRchanges · EDGAR ↗
Q1 2025$247M118May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$295M115Feb 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$291M109Nov 13, 202413F-HRchanges · EDGAR ↗
Q2 2024$275M109Aug 13, 202413F-HRchanges · EDGAR ↗
Q1 2024$313M112May 14, 202413F-HRchanges · EDGAR ↗
Q4 2023$312M128Feb 13, 202413F-HRchanges · EDGAR ↗
Q3 2023$293M136Nov 13, 202313F-HRchanges · EDGAR ↗
Q2 2023$314M135Aug 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$310M129May 12, 202313F-HRchanges · EDGAR ↗
Q4 2022$353M129Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$350M127Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$361M130Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$530M140May 13, 202213F-HRchanges · EDGAR ↗
Q4 2021$563M138Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$699M146Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$725M147Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$695M164May 14, 202113F-HRchanges · EDGAR ↗
Q4 2020$599M138Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$535M148Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$591M142Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$522M152May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$793M139Feb 13, 202013F-HRchanges · EDGAR ↗
Q3 2019$667M147Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$700M150Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$708M145May 14, 201913F-HRchanges · EDGAR ↗
Q4 2018$608M139Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.