BILL β€” BILL HOLDINGS INC

Ownership history in FORMULA GROWTH LTD  Β·  10 quarters on record

This page tracks every 13F SEC filing in which FORMULA GROWTH LTD reported a position in BILL HOLDINGS INC (BILL). Data includes quarterly share count, position size as % of portfolio, estimated market value, and end-of-quarter stock price β€” sourced directly from SEC EDGAR 13F filings.

πŸ” Peak position
2.33% (2025 Q1)
πŸ“Š Avg. % of fund
1.54%
πŸ“… First filed
2023 Q1
πŸ“… Last filed
2025 Q4
⏱ Quarters held
10

Position Intelligence

FORMULA GROWTH LTD Γ— BILL AI Analytics

πŸ“‰ FORMULA GROWTH LTD underperformed the S&P 500 by –28.0% annually on this BILL position. Timing score: 67% (6/9 decisions correct). Average cost basis: $56.58. Maximum drawdown during holding period: –45.8%.

πŸ“ˆ Position Alpha vs SPY
-28.0%
annualised excess return

❌ Significantly underperformed the S&P 500 by 28.0% ann.
9 quarters analyzed

⏱️ Timing Score
67%

βœ… Decent timing β€” more right than wrong on entries and exits.
6 of 9 add/trim decisions correct

πŸ’° Entry Quality
$56.58
-3.6% vs current ($54.54)

Best entry: $45.89 (2025 Q1)  Β·  Worst: $81.14 (2023 Q1)

πŸ›‘οΈ Drawdown Resilience
–45.8%
max drawdown while held

πŸ’ͺ Held through 2 major drawdowns (>20%).

πŸ’ͺ Fund Conviction
56%
buy-side decisions

5 adds Β· 4 trims. Bought during 3 of 3 down-price quarters. πŸ“ˆ More buys than sells across the holding period.

πŸ“‘ Position Trajectory
β†’ Stable
last 4–5 quarters trend

βš–οΈ Portfolio weight has remained relatively stable β€” conviction maintained.
Currently 2.0% of portfolio

⚠ Based on quarterly 13F SEC filings and end-of-quarter closing prices. Timing score = accuracy of add/trim decisions vs next-quarter price direction. Alpha = mean quarterly excess return Γ— 4 (annualised). Not investment advice.

% of Fund (quarterly)    BILL price (monthly, adj. close)
πŸ“‹ Quarterly Holdings History 10 quarters  β–Ύ
Quarter Action Shares Change Chg % % of Fund Mkt Value Price (EOQ)
2025 Q4 UNCHANGED 95,000 β€” 0% 2.00% $5.2M $54.54
2025 Q3 REDUCED 95,000 -12,200 -11.4% 1.79% $5.0M $52.97
2025 Q2 REDUCED 107,200 -17,800 -14.2% 1.87% $5.0M $46.26
2025 Q1 ADDED 125,000 +79,000 +171.7% 2.33% $5.7M $45.89
2024 Q4 REDUCED 46,000 -68,000 -59.6% 1.32% $3.9M $84.71
2024 Q3 ADDED 114,000 +25,000 +28.1% 2.07% $6.0M $52.76
2024 Q2 ADDED 89,000 +44,000 +97.8% 1.70% $4.7M $52.62
2024 Q1 ADDED 45,000 +25,000 +125.0% 0.99% $3.1M $68.72
2023 Q4 REDUCED 20,000 -13,000 -39.4% 0.52% $1.6M $81.59
2023 Q1 INITIATED 33,000 β€” β€” 0.86% $2.7M $81.14

🏒 Other funds also holding BILL

As of 2025 Q4 β€” sorted by position size

ER Collective Holdings, LLC 100.0% BARINGTON COMPANIES MANAGEMENT, LLC 3Y 7Y 13.96% Totem Point Management, LLC 3Y 7Y 8.44% LIGHT STREET CAPITAL MANAGEMENT, LLC 3Y 7Y 7.37% Starboard Value LP 3Y 7Y 7.26% Contour Asset Management LLC 3Y 7Y 5.99% 13D Management LLC 3Y 7Y 5.84% Greenhouse Funds LLLP 3Y 7Y 5.78% Senvest Management, LLC 3Y 7Y 4.35% IRIDIAN ASSET MANAGEMENT LLC/CT 3Y 7Y 3.76%
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