FORMULA GROWTH LTD

CIK

1093219

Location

MONTREAL, A8

Portfolio Value

Small $217,592,693

Diversification

Diversified

Filing Date

Global Rank

#4,026 / 8,622 ▼ 199 · as of Mar 2026

Top Industry

Software - Application 11.7%

3Y Alpha vs SPY

-10.0%

Period ended 4 months ago

Filed May 14, 2026 · 3mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+42.4%

SPY

+67.9%

Annualised alpha

-6.3%

Max drawdown

−30.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

135 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

3.3%

−0.3 pts

Top 5

13.4%

−0.2 pts

Top 10

22.8%

−1.1 pts

HHI

122

Diversified−6

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	29.9%	$65,130,351	36
Industrials	27.3%	$59,405,076	32
Healthcare	15.8%	$34,336,684	23
Consumer Cyclical	12.7%	$27,719,141	19
Financial Services	3.8%	$8,355,193	7
Consumer Defensive	3.1%	$6,852,542	5
Basic Materials	3.1%	$6,830,222	5
Real Estate	2.7%	$5,815,483	3
Communication Services	1.3%	$2,771,117	4
Utilities	0.2%	$376,884	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
NOK	Nokia Corp	+200,000	475,000	$3,819,000
SSYS	Stratasys Ltd.	+140,000	800,000	$6,248,000
FOXF	Fox Factory Holding Corp	+140,000	279,206	$4,595,730
COMP	Compass, Inc.	+140,000	567,300	$4,146,963
NAVN	Navan, Inc.	+90,000	140,000	$1,853,600
MEC	Mayville Engineering Company, Inc.	+60,000	100,000	$1,795,000
SWIM	Latham Group, Inc.	+50,000	1,255,082	$6,739,790
LAW	CS Disco, Inc.	+50,000	800,000	$3,056,000
U	Unity Software Inc.	+50,000	130,000	$2,852,200
ZIP	Ziprecruiter, Inc.	+50,000	350,000	$644,000
ARLO	Arlo Technologies, Inc.	+40,000	140,000	$1,992,200
PROF	Profound Medical Corp.	+38,220	241,138	$1,562,574
CALX	Calix, Inc	+28,000	38,000	$1,861,620
NSP	Insperity, Inc.	+20,000	66,700	$1,803,568
LULU	lululemon athletica inc.	+14,000	20,000	$3,062,000
PSN	Parsons Corp	+12,500	27,500	$1,489,675
ABNB	Airbnb, Inc.	+5,000	10,000	$1,262,800
AIR	Aar Corp	+2,974	20,974	$2,295,814
EXPE	Expedia Group, Inc.	+300	3,060	$706,523
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
LIND	Lindblad Expeditions Holdings, Inc.	−348,000	55,591	$961,724
PACK	Ranpak Holdings Corp.	−295,000	694,527	$2,479,461
VUZI	Vuzix Corp	−180,000	150,000	$346,500
TBCH	Turtle Beach Corp	−125,000	55,075	$558,460
ORLA	Orla Mining Ltd.	−108,000	74,000	$1,193,620
GLXY	Galaxy Digital Inc.	−76,000	18,772	$346,343
GDYN	Grid Dynamics Holdings, Inc.	−75,389	252,941	$1,441,763
JHX	James Hardie Industries plc	−70,000	236,840	$4,485,749
AEYE	Audioeye Inc	−70,000	200,000	$1,274,000
LAUR	Laureate Education, Inc.	−50,121	53,177	$1,852,686
FIGS	FIGS, Inc.	−45,500	49,000	$723,730
ARCB	Arcbest Corp /De/	−32,000	18,838	$1,852,905
CDNA	CareDx, Inc.	−22,190	78,478	$1,362,378
BTSG	BrightSpring Health Services, Inc.	−20,187	69,678	$2,968,979
BILL	BILL Holdings, Inc.	−20,000	75,000	$2,872,500
IE	Ivanhoe Electric Inc.	−18,600	18,598	$219,828
GPN	Global Payments Inc	−18,000	12,759	$858,680
VCTR	Victory Capital Holdings, Inc.	−17,841	13,426	$879,134
XPEL	XPEL, Inc.	−15,800	8,800	$389,488
TEAM	Atlassian Corp	−13,000	18,000	$1,228,500
MU	Micron Technology Inc	−11,000	21,000	$7,094,640
EXFY	Expensify, Inc.	−10,000	890,000	$774,300
BBW	Build-A-Bear Workshop Inc	−8,800	35,142	$1,316,067
CECO	Ceco Environmental Corp	−8,376	62,344	$3,714,455
KRUS	Kura Sushi USA, Inc.	−7,800	7,780	$542,966
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
MOD	Modine Manufacturing Co	14,700	$3,185,637
KVYO	Klaviyo, Inc.	150,000	$2,919,000
EQPT	EquipmentShare.com Inc	136,950	$2,789,671
FPS	Forgent Power Solutions, Inc.	82,852	$2,425,078
MDB	MongoDB, Inc.	9,000	$2,202,930
INSM	INSMED Inc	9,000	$1,471,680
WDAY	Workday, Inc.	10,000	$1,299,200
LNTH	Lantheus Holdings, Inc.	16,000	$1,213,600
CSTL	Castle Biosciences Inc	46,000	$1,129,300
ROAD	Construction Partners, Inc.	10,000	$1,111,200
BRBR	Bellring Brands, Inc.	65,000	$1,045,850
ONON	On Holding AG	30,000	$1,020,600
APO	Apollo Global Management, Inc.	8,500	$947,070
MANE	Veradermics, Inc	14,000	$884,100
AGYS	Agilysys Inc	12,000	$853,680
EYE	National Vision Holdings, Inc.	31,300	$810,670
ICLR	Icon PLC	7,000	$774,620
HUBS	Hubspot Inc	3,000	$732,300
HYMC	Hycroft Mining Holding Corp	20,000	$704,000
CLBT	Cellebrite DI Ltd.	50,000	$689,000
TRI	Thomson Reuters Corp /Can/	7,300	$656,854
PLSE	Pulse Biosciences, Inc.	30,000	$647,700
TGT	Target Corp	5,300	$642,360
EVER	EverQuote, Inc.	40,000	$616,800
GLOB	Globant S.A.	12,900	$594,819
No positions match the current search.

Sold Out

Positions the filer fully exited

23 positions

Ticker	Company	Shares	Value
CPRI	Capri Holdings Ltd	163,376	$3,986,374
MNDY	monday.com Ltd.	20,000	$2,951,200
NTRA	Natera, Inc.	11,018	$2,524,113
CWAN	Clearwater Analytics Holdings, Inc.	87,883	$2,119,737
TTD	Trade Desk, Inc.	50,000	$1,898,000
SHOO	Steven Madden, Ltd.	42,224	$1,758,207
OWLT	Owlet, Inc.	105,000	$1,699,950
ASAN	Asana, Inc.	120,000	$1,645,200
NOW	ServiceNow, Inc.	10,000	$1,531,900
WGS	GeneDx Holdings Corp.	11,684	$1,519,621
AR	ANTERO RESOURCES Corp	41,000	$1,412,860
PEN	Penumbra Inc	4,100	$1,274,731
VFC	V F Corp	65,721	$1,188,235
AGX	Argan Inc	3,540	$1,109,152
CVLT	Commvault Systems Inc	8,000	$1,002,880
FIG	Figma, Inc.	23,000	$859,510
ANF	Abercrombie & Fitch Co /De/	5,200	$654,524
RXST	RxSight, Inc.	60,000	$625,200
UWMC	UWM Holdings Corp	125,000	$547,500
HLIO	Helios Technologies, Inc.	10,010	$535,434
PCOR	Procore Technologies, Inc.	6,700	$487,358
BIRK	Birkenstock Holding plc	10,000	$409,000
SOC	Sable Offshore Corp.	26,968	$243,251
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

135 tracked positions · $217,592,693 total · filing declares 137 positions · $221,582,523 · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 135 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MU	Micron Technology Inc Technology	Reduced	21,000	-11,000	$7,094,640	−22.3%	3.26%
SWIM	Latham Group, Inc. Industrials	Added	1,255,082	+50,000	$6,739,790	−11.9%	3.10%
SSYS	Stratasys Ltd. Technology	Added	800,000	+140,000	$6,248,000	+9.1%	2.87%
FOXF	Fox Factory Holding Corp Consumer Cyclical	Added	279,206	+140,000	$4,595,730	+93.0%	2.11%
JHX	James Hardie Industries plc Basic Materials	Reduced	236,840	-70,000	$4,485,749	−29.5%	2.06%
XPO	XPO, Inc. Industrials	Held	23,000	0	$4,474,650	+43.1%	2.06%
ALHC	Alignment Healthcare, Inc. Healthcare	Reduced	239,208	-300	$4,214,844	−10.9%	1.94%
COMP	Compass, Inc. Real Estate	Added	567,300	+140,000	$4,146,963	−8.2%	1.91%
NOK	Nokia Corp Technology	Added	475,000	+200,000	$3,819,000	+114.6%	1.76%
CECO	Ceco Environmental Corp Industrials	Reduced	62,344	-8,376	$3,714,455	−12.2%	1.71%
RYAAY	Ryanair Holdings PLC Industrials	Held	62,388	0	$3,606,026	−19.9%	1.66%
FN	Fabrinet Technology	Held	6,400	0	$3,337,728	+14.5%	1.53%
ORN	Orion Group Holdings Inc Industrials	Reduced	297,696	-3,600	$3,244,886	+8.3%	1.49%
MOD	Modine Manufacturing Co Consumer Cyclical	NEW	14,700	NEW	$3,185,637	NEW	1.46%
UTHR	UNITED THERAPEUTICS Corp Healthcare	Reduced	5,356	-258	$3,176,000	+16.1%	1.46%
LULU	lululemon athletica inc. Consumer Cyclical	Added	20,000	+14,000	$3,062,000	+145.6%	1.41%
LAW	CS Disco, Inc. Technology	Added	800,000	+50,000	$3,056,000	−47.5%	1.40%
BTSG	BrightSpring Health Services, Inc. Healthcare	Reduced	69,678	-20,187	$2,968,979	−11.8%	1.36%
KVYO	Klaviyo, Inc. Technology	NEW	150,000	NEW	$2,919,000	NEW	1.34%
CVSA	Covista Inc. Consumer Defensive	Reduced	25,304	-35	$2,916,286	+11.2%	1.34%
HQY	Healthequity, Inc. Healthcare	Reduced	34,552	-4,848	$2,887,510	−20.0%	1.33%
BILL	BILL Holdings, Inc. Technology	Reduced	75,000	-20,000	$2,872,500	−44.6%	1.32%
U	Unity Software Inc. Technology	Added	130,000	+50,000	$2,852,200	−19.3%	1.31%
EQPT	EquipmentShare.com Inc Industrials	NEW	136,950	NEW	$2,789,671	NEW	1.28%
RBA	Rb Global Inc. Industrials	Reduced	27,708	-2,555	$2,655,811	−14.7%	1.22%
AX	Axos Financial, Inc. Financial Services	Held	30,624	0	$2,605,796	−1.2%	1.20%
PODD	Insulet Corp Healthcare	Reduced	12,029	-6	$2,524,165	−26.2%	1.16%
PACK	Ranpak Holdings Corp. Consumer Cyclical	Reduced	694,527	-295,000	$2,479,461	−53.7%	1.14%
SAH	Sonic Automotive Inc Consumer Cyclical	Held	35,800	0	$2,454,806	+10.8%	1.13%
FPS	Forgent Power Solutions, Inc. Industrials	NEW	82,852	NEW	$2,425,078	NEW	1.11%
HCA	HCA Healthcare, Inc. Healthcare	Held	5,000	0	$2,366,200	+1.4%	1.09%
SSNC	SS&C Technologies Holdings Inc Technology	Held	34,725	0	$2,346,368	−22.7%	1.08%
AIR	Aar Corp Industrials	Added	20,974	+2,974	$2,295,814	+54.1%	1.06%
NXT	Nextpower Inc. Technology	Reduced	18,603	-37	$2,242,591	+38.1%	1.03%
TPC	Tutor Perini Corp Industrials	Reduced	28,962	-38	$2,235,576	+15.0%	1.03%
MDB	MongoDB, Inc. Technology	NEW	9,000	NEW	$2,202,930	NEW	1.01%
ARLO	Arlo Technologies, Inc. Industrials	Added	140,000	+40,000	$1,992,200	+42.4%	0.92%
UBER	Uber Technologies, Inc Technology	Held	26,500	0	$1,906,145	−12.0%	0.88%
FCFS	FirstCash Holdings, Inc. Financial Services	Held	10,000	0	$1,880,000	+18.0%	0.86%
CALX	Calix, Inc Technology	Added	38,000	+28,000	$1,861,620	+251.7%	0.86%
NAVN	Navan, Inc. Technology	Added	140,000	+90,000	$1,853,600	+117.0%	0.85%
ARCB	Arcbest Corp /De/ Industrials	Reduced	18,838	-32,000	$1,852,905	−50.9%	0.85%
LAUR	Laureate Education, Inc. Consumer Defensive	Reduced	53,177	-50,121	$1,852,686	−46.7%	0.85%
RH	Rh Consumer Cyclical	Reduced	13,000	-2,000	$1,817,660	−32.4%	0.84%
NSP	Insperity, Inc. Industrials	Added	66,700	+20,000	$1,803,568	−0.3%	0.83%
MEC	Mayville Engineering Company, Inc. Industrials	Added	100,000	+60,000	$1,795,000	+139.7%	0.82%
GXO	GXO Logistics, Inc. Industrials	Held	34,000	0	$1,762,900	−1.5%	0.81%
CPA	Copa Holdings, S.A. Industrials	Held	15,500	0	$1,760,955	−5.8%	0.81%
PANW	Palo Alto Networks Inc Technology	Held	10,946	0	$1,754,862	−13.0%	0.81%
PROF	Profound Medical Corp. Healthcare	Added	241,138	+38,220	$1,562,574	−2.2%	0.72%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.