FORMULA GROWTH LTD

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, FORMULA GROWTH LTD maintained a portfolio of 151 distinct positions. The most significant new addition to the portfolio was GRID DYNAMICS HLDGS , which now represents 1.14% of the total fund value. They heavily accumulated shares in LATHAM GROUP INC, increasing their position by 21.8%. The fund also reduced its exposure to VICTORY CAP HLDGS IN by 59.0%.
PCA Score Concentration Risk
Risk ENB
Total Positions
151
Quarter
2025 Q4
Top Holding
MU (3.5%)
Top 10 Concentration
23.4%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 151
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
MU
MICRON TECHNOLO...
Technology 3.52% 2.26% #1 4
Prev: #5
3.9 -6,000 -15.8%
P
S
32,000 $9,133,120 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SWIM
LATHAM GROUP IN...
Industrials 2.95% 2.68% #2 1
Prev: #1
5.2 216,049 21.8%
P
S
1,205,082 $7,652,271 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
N/A
JAMES HARDIE IN...
Unknown 2.45% 2.58% #3 1
Prev: #2
2.5 -70,000 -18.6%
P
S
306,840 $6,366,930 13F Filing 2025-12-31 2026-02-14 (Est.)
LAW
CS DISCO INC
Technology 2.24% 1.88% #4 5
Prev: #9
1.9 -70,000 -8.5%
P
S
750,000 $5,820,000 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
LIND
LINDBLAD EXPEDI...
Consumer Cyclical 2.24% 1.90% #5 3
Prev: #8
1.9 -13,112 -3.1%
P
S
403,591 $5,819,782 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SSYS
STRATASYS LTD
Technology 2.21% 2.27% #6 2
Prev: #4
2.9 90,000 15.8%
P
S
660,000 $5,728,800 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PACK
RANPAK HOLDINGS...
Consumer Cyclical 2.06% 2.05% #7 1
Prev: #6
1.3 -35,706 -3.5%
P
S
989,527 $5,353,341 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BILL
BILL HOLDINGS I...
Technology 2.00% 1.79% #8 2
Prev: #10
1.8 no change no change
P
S
95,000 $5,181,300 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TEAM
ATLASSIAN CORPO...
Technology 1.94% 2.27% #9 6
Prev: #3
0.8 -9,000 -22.5%
P
S
31,000 $5,026,340 2022 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ALHC
ALIGNMENT HEALT...
Healthcare 1.82% 1.54% #10 7
Prev: #17
1.2 -8,700 -3.5%
P
S
239,508 $4,730,283 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
COMP
COMPASS INC
Real Estate 1.74% 0.99% #11 30
Prev: #41
3.2 80,000 23.0%
P
S
427,300 $4,516,561 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RYAAY
RYANAIR HOLDING...
Industrials 1.74% 1.34% #12 10
Prev: #22
1.7 no change no change
P
S
62,388 $4,503,790 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CECO
CECO ENVIRONMEN...
Industrials 1.63% 1.93% #13 6
Prev: #7
0.7 -34,971 -33.1%
P
S
70,720 $4,232,592 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CPRI
CAPRI HOLDINGS ...
Consumer Cyclical 1.54% 1.20% #14 16
Prev: #30
1.1 -6,300 -3.7%
P
S
163,376 $3,986,374 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
ARCB
ARCBEST CORP
Industrials 1.45% 1.66% #15
Prev: #15
0.6 -15,800 -23.7%
P
S
50,838 $3,771,671 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
HQY
HEALTHEQUITY IN...
Healthcare 1.39% 1.37% #16 5
Prev: #21
1.1 -1,190 -2.9%
P
S
39,400 $3,609,434 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
U
UNITY SOFTWARE ...
Technology 1.36% 1.21% #17 10
Prev: #27
1.0 -5,000 -5.9%
P
S
80,000 $3,533,600 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
LAUR
LAUREATE EDUCAT...
Consumer Defensive 1.34% 1.25% #18 8
Prev: #26
1.0 -7,702 -6.9%
P
S
103,298 $3,478,044 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PODD
INSULET CORP
Healthcare 1.32% 1.65% #19 3
Prev: #16
0.5 -3,012 -20.0%
P
S
12,035 $3,420,828 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BTSG
BRIGHTSPRING HE...
Healthcare 1.30% 1.07% #20 13
Prev: #33
1.0 -11,535 -11.4%
P
S
89,865 $3,365,444 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
XPO
XPO INC
Industrials 1.20% 1.06% #21 13
Prev: #34
1.5 no change no change
P
S
23,000 $3,125,930 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
RBA
RB GLOBAL INC
Industrials 1.20% 1.21% #22 7
Prev: #29
1.0 -996 -3.2%
P
S
30,263 $3,113,155 2020 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GENI
GENIUS SPORTS L...
Communication Services 1.17% 1.26% #23 2
Prev: #25
1.0 -9,000 -3.1%
P
S
276,720 $3,049,454 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SSNC
SS&C TECHNOLOGI...
Technology 1.17% 1.10% #24 7
Prev: #31
1.5 no change no change
P
S
34,725 $3,035,660 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORN
ORION GROUP HLD...
Industrials 1.15% 1.00% #25 14
Prev: #39
1.0 -37,587 -11.1%
P
S
301,296 $2,994,882 2024 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
GDYN
GRID DYNAMICS H...
Technology 1.14% #26
Prev: #—
4.0 328,330 no change
NEW
328,330 $2,964,820 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
MNDY
MONDAY COM LTD
Technology 1.14% 1.38% #27 7
Prev: #20
1.5 no change no change
P
S
20,000 $2,951,200 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FN
FABRINET
Technology 1.12% 1.02% #28 9
Prev: #37
0.9 -1,500 -19.0%
P
S
6,400 $2,913,792 2017 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UA
UNDER ARMOUR IN...
Consumer Cyclical 1.11% 1.72% #29 16
Prev: #13
0.4 -400,000 -40.0%
P
S
600,000 $2,880,000 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
UTHR
UNITED THERAPEU...
Healthcare 1.05% 0.98% #30 15
Prev: #45
0.9 -936 -14.3%
P
S
5,614 $2,735,422 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AEYE
AUDIOEYE INC
Technology 1.04% 1.08% #31 1
Prev: #32
2.9 50,000 22.7%
P
S
270,000 $2,697,300 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BBW
BUILD-A-BEAR WO...
Consumer Cyclical 1.04% 1.72% #32 20
Prev: #12
0.4 -30,354 -40.9%
P
S
43,942 $2,692,326 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
RH
RH
Consumer Cyclical 1.04% 0.98% #33 11
Prev: #44
2.4 1,447 10.7%
P
S
15,000 $2,687,250 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
AX
AXOS FINANCIAL ...
Financial Services 1.02% 0.92% #34 13
Prev: #47
1.4 no change no change
P
S
30,624 $2,638,564 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ATGE
ADTALEM GLOBAL ...
Consumer Defensive 1.01% 1.46% #35 16
Prev: #19
0.9 -1,211 -4.6%
P
S
25,339 $2,621,826 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
TBCH
TURTLE BEACH CO...
Technology 0.97% 1.47% #36 18
Prev: #18
0.4 -80,000 -30.8%
P
S
180,075 $2,526,452 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
NTRA
NATERA INC
Healthcare 0.97% 0.82% #37 16
Prev: #53
0.4 -3,272 -22.9%
P
S
11,018 $2,524,114 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ORLA
ORLA MNG LTD NE...
Basic Materials 0.94% #38
Prev: #—
3.9 182,000 no change
NEW
182,000 $2,451,540 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FSLR
FIRST SOLAR INC
Technology 0.93% #39
Prev: #—
3.9 9,200 no change
NEW
9,200 $2,403,316 2022 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
FOXF
FOX FACTORY HLD...
Consumer Cyclical 0.92% 0.40% #40 47
Prev: #87
3.4 92,700 199.3%
P
S
139,206 $2,381,815 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GPN
GLOBAL PMTS INC
Industrials 0.92% 0.99% #41 1
Prev: #42
0.9 -2,600 -7.8%
P
S
30,759 $2,380,747 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HCA
HCA HEALTHCARE ...
Healthcare 0.90% 0.91% #42 7
Prev: #49
0.9 -1,000 -16.7%
P
S
5,000 $2,334,300 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSGP
COSTAR GROUP IN...
Real Estate 0.88% 1.02% #43 5
Prev: #38
1.4 no change no change
P
S
34,000 $2,286,160 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
SAH
SONIC AUTOMOTIV...
Consumer Cyclical 0.85% 0.97% #44 2
Prev: #46
1.3 no change no change
P
S
35,800 $2,214,588 2016 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
UBER
UBER TECHNOLOGI...
Technology 0.83% 1.03% #45 9
Prev: #36
0.8 -3,000 -10.2%
P
S
26,500 $2,165,315 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CWAN
CLEARWATER ANAL...
Technology 0.82% 1.28% #46 22
Prev: #24
0.3 -112,117 -56.1%
P
S
87,883 $2,119,738 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
GLXY
GALAXY DIGITAL ...
Financial Services 0.82% 1.67% #47 33
Prev: #14
0.3 -44,423 -31.9%
P
S
94,772 $2,119,102 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
PANW
PALO ALTO NETWO...
Technology 0.78% 0.79% #48 6
Prev: #54
1.3 no change no change
P
S
10,946 $2,016,253 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
VCTR
VICTORY CAP HLD...
Financial Services 0.76% 1.76% #49 38
Prev: #11
0.3 -45,060 -59.0%
P
S
31,267 $1,972,635 2025 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
TPC
TUTOR PERINI CO...
Industrials 0.75% 0.70% #50 6
Prev: #56
0.8 -1,000 -3.3%
P
S
29,000 $1,943,580 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-50 of 151 holdings

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