SEC 13F Intelligence

Managers / Q4 2023 · view latest →

FORMULA GROWTH LTD

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

Reported Value
$312M
Q4 2023
Positions
128
Filings on Record
30
2019–present window
Filed
Feb 13, 2024
original filing

Summary

Formula Growth Ltd reported $312M in U.S.-listed holdings across 128 positions for Q4 2023.

Its largest position, Pagseguro Digital, represents 3.1% of the portfolio.

Compared with Q3 2023, the fund opened 29 new positions and exited 37.

Portfolio Metrics

Turnover
+27.0%
vs prior filed quarter
Top-10 Concentration
+19.5%
share of reported value
Largest Position
+3.1%
Pagseguro Digital
New / Exited
29 / 37
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: 85.3%Other: 10.6%ADR: 2.2%REIT: 2.0%
  • Common Stock · 85.3% · $266M
  • Other · 10.6% · $33M
  • ADR · 2.2% · $7M
  • REIT · 2.0% · $6M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SIXEURSIX FLAGS ENTMT CORP NEWNEW+186.0K186.0K+$5M$5M
SL2SLEEP NUMBER CORPNEW+280.9K280.9K+$4M$4M
TTITETRA TECHNOLOGIES INC DELNEW+895.0K895.0K+$4M$4M
KVYOKLAVIYO INCNEW+140.0K140.0K+$4M$4M
BURLBURLINGTON STORES INCNEW+15.0K15.0K+$3M$3M
HUDSON PAC PPTYS INCNEW+300.0K300.0K+$3M$3M
LIBERTY GLOBAL LTDNEW+147.7K147.7K+$3M$3M
DC4DEXCOM INCNEW+21.8K21.8K+$3M$3M

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

Holdings — Q4 2023

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1PAGSEGURO DIGITAL LTDCOM CL A3.15%$10M787.9K
2EVHEVOLENT HEALTH INChistory →CL A2.68%$8M253.0K
3ARCBARCBEST CORPhistory →COM1.99%$6M51.6K
4UUNITY SOFTWARE INChistory →COM1.97%$6M150.0K
5LINDLINDBLAD EXPEDITIONS HLDGS Ihistory →COM1.89%$6M523.4K
6HCAHCA HEALTHCARE INChistory →COM1.78%$6M20.5K
7TMCITREACE MED CONCEPTS INChistory →COM1.54%$5M378.1K
8UAUNDER ARMOUR INChistory →CL C1.54%$5M575.0K
9CECOCECO ENVIRONMENTAL CORPhistory →COM1.50%$5M230.7K
10SIXEURSIX FLAGS ENTMT CORP NEWhistory →COM1.49%$5M186.0K
11PODDINSULET CORPhistory →COM1.47%$5M21.1K
12MUMICRON TECHNOLOGY INChistory →COM1.39%$4M50.7K
13ASANASANA INChistory →CL A1.34%$4M220.0K
14SL2SLEEP NUMBER CORPhistory →COM1.33%$4M280.9K
15FISFIDELITY NATL INFORMATION SVhistory →COM1.32%$4M68.5K
16PGNYPROGYNY INChistory →COM1.31%$4M109.9K
17TTITETRA TECHNOLOGIES INC DELhistory →COM1.30%$4M895.0K
18ATECALPHATEC HLDGS INChistory →COM NEW1.28%$4M263.4K
19SSNCSS&C TECHNOLOGIES HLDGS INChistory →COM1.26%$4M64.4K
20HEESEURH & E EQUIPMENT SERVICES INChistory →COM1.25%$4M74.8K
21KVYOKLAVIYO INChistory →COM SER A1.25%$4M140.0K
22CSGPCOSTAR GROUP INChistory →COM1.23%$4M44.0K
23LAWCS DISCO INChistory →COM1.22%$4M500.0K
24BBWBUILD-A-BEAR WORKSHOP INChistory →COM1.21%$4M164.0K
25SWIMLATHAM GROUP INChistory →COM1.19%$4M1.41M
26RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADS1.15%$4M27.0K
27STRATASYS LTDSHS1.14%$4M250.0K
28SAHSONIC AUTOMOTIVE INChistory →CL A1.10%$3M60.8K
29ACVAACV AUCTIONS INChistory →COM CL A1.09%$3M224.6K
30CTVHELIX ENERGY SOLUTIONS GRP Ihistory →COM1.09%$3M331.0K
31UBERUBER TECHNOLOGIES INChistory →COM1.09%$3M55.0K
32XPOXPO INChistory →COM1.08%$3M38.5K
33RNGRINGCENTRAL INChistory →CL A1.06%$3M97.1K
34KIDSORTHOPEDIATRICS CORPhistory →COM1.05%$3M100.9K
35LKQ1LKQ CORPhistory →COM1.05%$3M68.3K
36OKTAOKTA INChistory →CL A1.04%$3M36.0K
37NEONEOGENOMICS INChistory →COM NEW1.03%$3M199.1K
38IMXIINTERNATIONAL MNY EXPRESS INCOM1.00%$3M141.2K
39TWLOTWILIO INCCL A0.99%$3M40.7K
40XYLXYLEM INCCOM0.96%$3M26.1K
41RDNTRADNET INCCOM0.94%$3M84.5K
42BURLBURLINGTON STORES INCCOM0.93%$3M15.0K
43BGCBGC GROUP INCCL A0.90%$3M389.3K
44LNTHLANTHEUS HLDGS INCCOM0.90%$3M45.1K
45HUDSON PAC PPTYS INCCOM0.89%$3M300.0K
46NTRANATERA INCCOM0.89%$3M44.5K
47SLGSL GREEN RLTY CORPCOM0.89%$3M61.2K
48WEXWEX INCCOM0.89%$3M14.2K
49LIBERTY GLOBAL LTDCOM CL C0.88%$3M147.7K
50GXOGXO LOGISTICS INCORPORATEDCOMMON STOCK0.88%$3M45.0K

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 ↗.