FORMULA GROWTH LTD
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MICRON TECHNOLOGY INC | MU | $13.9M | 12,000 | +1.67pp | 31q | -42.9%-$10.4M | |
| LATHAM GROUP INC | SWIM | $8.9M | 1,375,082 | +0.09pp | 16q | +9.6%+$776.4K | |
| STRATASYS LTD | SSYS | $7.4M | 860,000 | -0.23pp | 9q | +7.5%+$513.6K | |
| COMPASS INC | COMP | $6.0M | 487,300 | +0.24pp | 4q | -14.1%-$986.4K | |
| ALIGNMENT HEALTHCARE INC | ALHC | $5.3M | 221,347 | -0.05pp | 6q | -7.5%-$425.3K | |
| CECO ENVIRONMENTAL CORP | CECO | $5.0M | 55,159 | +0.08pp | 13q | -11.5%-$652.0K | |
| JAMES HARDIE INDS PLC | JHX | $5.0M | 189,765 | -0.28pp | 4q | -19.9%-$1.2M | |
| XPO INC | XPO | $4.7M | 23,000 | -0.36pp | 31q | HELD | |
| KLAVIYO INC | KVYO | $4.5M | 300,000 | +0.28pp | 2q | +100.0%+$2.3M | |
| ORION GROUP HLDGS INC | ORN | $4.3M | 256,633 | +0.05pp | 8q | -13.8%-$690.7K | |
| CALIX INC | CALX | $4.3M | 115,000 | +0.67pp | 10q | +202.6%+$2.9M | |
| EQUIPMENTSHARE COM INC | EQPT | $4.2M | 214,523 | +0.22pp | 2q | +56.6%+$1.5M | |
| FOX FACTORY HLDG CORP | FOXF | $4.1M | 242,442 | -0.63pp | 5q | -13.2%-$623.0K | |
| RYANAIR HOLDINGS PLC | RYAAY | $4.0M | 62,388 | -0.21pp | 31q | HELD | |
| UNITY SOFTWARE INC | U | $4.0M | 140,000 | +0.12pp | 16q | +7.7%+$285.8K | |
| RANPAK HOLDINGS CORP | PACK | $3.8M | 522,055 | +0.22pp | 9q | -24.8%-$1.3M | |
| PALO ALTO NETWORKS INC | PANW | $3.7M | 10,946 | +0.52pp | 31q | HELD | |
| MODINE MFG CO | MOD | $3.6M | 13,540 | -0.17pp | 2q | -7.9%-$309.7K | |
| BRIGHTSPRING HEALTH SVCS INC | BTSG | $3.5M | 50,344 | -0.11pp | 4q | -27.7%-$1.3M | |
| ICON PUB LTD CO | ICLR | $3.2M | 18,692 | +0.79pp | 2q | +167.0%+$2.0M | |
| RB GLOBAL INC | RBA | $3.2M | 27,604 | -0.07pp | 7q | HELD | |
| LINDBLAD EXPEDITIONS HLDGS I | LIND | $3.1M | 111,491 | +0.67pp | 12q | +100.6%+$1.6M | |
| COVISTA INC | CVSA | $3.1M | 25,196 | -0.21pp | 7q | HELD | |
| UNDER ARMOUR INC | UA | $3.1M | 500,000 | +0.05pp | 31q | +25.0%+$622.0K | |
| HEALTHEQUITY INC | HQY | $3.1M | 34,417 | -0.21pp | 6q | HELD | |
| SONIC AUTOMOTIVE INC | SAH | $3.0M | 35,800 | -0.04pp | 31q | HELD | |
| CS DISCO INC | LAW | $3.0M | 800,000 | -0.32pp | 14q | HELD | |
| FABRINET | FN | $3.0M | 5,370 | -0.44pp | 31q | -16.1%-$578.9K | |
| AAR CORP | AIR | $3.0M | 20,890 | +0.01pp | 3q | HELD | |
| AXOS FINANCIAL INC | AX | $3.0M | 30,624 | -0.13pp | 31q | HELD | |
| GUARDANT HEALTH INC | GH | $2.9M | 19,300 | - | new | NEW | |
| UNITED THERAPEUTICS CORP DEL | UTHR | $2.9M | 5,334 | -0.42pp | 6q | HELD | |
| LULULEMON ATHLETICA INC | LULU | $2.9M | 25,000 | -0.38pp | 3q | +25.0%+$570.9K | |
| MAYVILLE ENGR CO INC | MEC | $2.8M | 75,000 | +0.18pp | 3q | -25.0%-$936.5K | |
| LANTHEUS HLDGS INC | LNTH | $2.8M | 25,131 | +0.43pp | 2q | +57.1%+$1.0M | |
| BILL HOLDINGS INC | BILL | $2.7M | 75,000 | -0.34pp | 11q | HELD | |
| NOKIA CORP | NOK | $2.7M | 200,000 | -0.79pp | 3q | -57.9%-$3.7M | |
| EVOLENT HEALTH INC | EVH | $2.6M | 485,000 | +0.70pp | 2q | +125.6%+$1.5M | |
| COPA HOLDINGS SA | CPA | $2.4M | 15,500 | +0.05pp | 31q | HELD | |
| INSPERITY INC | NSP | $2.3M | 56,700 | +0.01pp | 3q | -15.0%-$413.1K | |
| RH | RH | $2.3M | 14,000 | -0.01pp | 6q | +7.7%+$164.7K | |
| AGILYSYS INC | AGYS | $2.3M | 22,000 | +0.42pp | 2q | +83.3%+$1.0M | |
| CAREDX INC | CDNA | $2.2M | 78,026 | +0.17pp | 7q | -0.6%-$12.9K | |
| FIRSTCASH HOLDINGS INC | FCFS | $2.2M | 10,000 | -0.09pp | 18q | HELD | |
| SS&C TECH HLDGS | SSNC | $2.2M | 34,725 | -0.30pp | 31q | HELD | |
| TUTOR PERINI CORP | TPC | $2.0M | 24,586 | -0.29pp | 8q | -15.1%-$363.1K | |
| HUNT J B TRANS SVCS INC | JBHT | $2.0M | 7,000 | +0.04pp | 31q | HELD | |
| MONGODB INC | MDB | $2.0M | 6,000 | -0.29pp | 2q | -33.3%-$1.0M | |
| HCA HEALTHCARE INC | HCA | $1.9M | 5,000 | -0.38pp | 31q | HELD | |
| GLOBAL PMTS INC | GPN | $1.9M | 26,759 | +0.30pp | 6q | +109.7%+$1.0M | |
| LAUREATE ED INC | LAUR | $1.9M | 52,977 | -0.16pp | 4q | HELD | |
| BUILD-A-BEAR WORKSHOP INC | BBW | $1.9M | 62,642 | +0.08pp | 12q | +78.3%+$841.8K | |
| UBER TECHNOLOGIES INC | UBER | $1.9M | 26,500 | -0.19pp | 28q | HELD | |
| ARLO TECHNOLOGIES INC | ARLO | $1.9M | 140,000 | -0.24pp | 3q | HELD | |
| TWILIO INC | TWLO | $1.9M | 9,000 | +0.05pp | 31q | -15.8%-$348.3K | |
| NEXTPOWER INC | NXT | $1.8M | 15,481 | -0.36pp | 4q | -16.8%-$372.0K | |
| INSULET CORP | PODD | $1.8M | 11,991 | -0.50pp | 31q | HELD | |
| GXO LOGISTICS INCORPORATED | GXO | $1.7M | 34,000 | -0.19pp | 20q | HELD | |
| AIRBNB INC | ABNB | $1.7M | 12,000 | +0.03pp | 4q | +20.0%+$286.2K | |
| VERADERMICS INC | MANE | $1.7M | 13,923 | +0.20pp | 2q | -0.5%-$9.5K | |
| ULTRA CLEAN HLDGS INC | UCTT | $1.7M | 11,900 | - | new | NEW | |
| FORGENT POWER SOLUTIONS INC | FPS | $1.7M | 30,335 | -0.50pp | 2q | -63.4%-$2.9M | |
| GENIUS SPORTS LIMITED | GENI | $1.7M | 275,187 | +0.03pp | 7q | HELD | |
| CASELLA WASTE SYS INC | CWST | $1.7M | 17,053 | -0.03pp | 11q | HELD | |
| EVERUS CONSTR GROUP | ECG | $1.7M | 9,951 | - | new | NEW | |
| TURTLE BEACH CORP | TBCH | $1.6M | 131,426 | +0.32pp | 6q | +138.6%+$950.6K | |
| APOLLO GLOBAL MGMT INC | APO | $1.6M | 13,800 | +0.15pp | 2q | +62.4%+$627.0K | |
| THE ONCOLOGY INSTITUTE INC | TOI | $1.6M | 300,000 | - | new | NEW | |
| KIRBY CORP | KEX | $1.6M | 11,745 | -0.14pp | 31q | HELD | |
| PROFOUND MED CORP | PROF | $1.6M | 240,088 | -0.14pp | 7q | HELD | |
| VERACYTE INC | VCYT | $1.6M | 27,000 | +0.17pp | 31q | HELD | |
| LIBERTY GLOBAL LTD | LBTYK | $1.6M | 142,702 | -0.20pp | 11q | HELD | |
| EXPENSIFY INC | EXFY | $1.6M | 875,000 | +0.20pp | 14q | -1.7%-$26.9K | |
| LIFESTANCE HEALTH GROUP INC | LFST | $1.6M | 145,000 | - | new | NEW | |
| TAT TECHNOLOGIES LTD | TATT | $1.5M | 30,801 | -0.04pp | 5q | HELD | |
| HOME BANCSHARES INC | HOMB | $1.5M | 51,912 | -0.11pp | 31q | HELD | |
| LUMENTUM HLDGS INC | LITE | $1.5M | 1,700 | - | new | NEW | |
| FIRST SOLAR INC | FSLR | $1.4M | 6,072 | -0.04pp | 3q | HELD | |
| GRID DYNAMICS HLDGS INC | GDYN | $1.4M | 251,896 | -0.15pp | 3q | HELD | |
| ATLASSIAN CORPORATION | TEAM | $1.4M | 18,000 | -0.06pp | 6q | HELD | |
| SERVICENOW INC | NOW | $1.4M | 14,000 | - | new | NEW | |
| IMPINJ INC | PI | $1.4M | 9,500 | - | new | NEW | |
| SILICON MOTION TECHNOLOGY CO | SIMO | $1.3M | 3,800 | - | new | NEW | |
| PLANET FITNESS MASTER ISSUER | PLNT | $1.3M | 24,000 | - | new | NEW | |
| AEVEX CORP | AVEX | $1.2M | 59,000 | - | new | NEW | |
| EXPEDIA GROUP INC | EXPE | $1.2M | 4,760 | +0.11pp | 4q | +55.6%+$435.0K | |
| PAGERDUTY INC | PD | $1.2M | 125,000 | +0.14pp | 5q | +25.0%+$241.2K | |
| TRULIEVE CANNABIS CORP | TRLV | $1.2M | 120,000 | - | new | NEW | |
| AUDIOEYE INC | AEYE | $1.2M | 200,000 | -0.17pp | 7q | HELD | |
| TELESAT CORP | TSAT | $1.2M | 22,873 | - | new | NEW | |
| WEX INC | WEX | $1.2M | 8,200 | -0.16pp | 31q | HELD | |
| CIMPRESS PLC | CMPR | $1.1M | 11,300 | +0.03pp | 27q | HELD | |
| VERICEL CORP | VCEL | $1.1M | 25,824 | +0.03pp | 10q | HELD | |
| VICTORY CAP HLDGS INC DEL | VCTR | $1.1M | 13,426 | flat | 6q | HELD | |
| TETRA TECH INC NEW | TTEK | $1.1M | 39,050 | -0.13pp | 31q | HELD | |
| KOPIN CORP | KOPN | $1.1M | 250,000 | - | new | NEW | |
| LKQ CORP | LKQ | $1.1M | 42,300 | -0.17pp | 31q | HELD | |
| POSTAL REALTY TRUST INC | PSTL | $1.1M | 45,000 | +0.26pp | 2q | +181.2%+$714.6K | |
| SANDISK CORP | SNDK | $1.1M | 480 | - | new | NEW | |
| TANDEM DIABETES CARE INC | TNDM | $1.1M | 70,304 | -0.24pp | 26q | -0.7%-$7.9K | |
| RADNET INC | RDNT | $1.1M | 17,176 | -0.06pp | 12q | HELD | |
| ENCOMPASS HEALTH CORP | EHC | $1.0M | 10,340 | -0.09pp | 4q | -0.6%-$6.4K | |
| CELLEBRITE DI LTD | CLBT | $1.0M | 70,000 | +0.05pp | 2q | +40.0%+$292.0K | |
| RXO INC | RXO | $965.6K | 35,000 | +0.04pp | 15q | -22.2%-$275.9K | |
| COSTAR GROUP INC | CSGP | $962.9K | 34,000 | -0.28pp | 31q | HELD | |
| VICTORIAS SECRET AND CO | VSXY | $960.0K | 11,500 | - | new | NEW | |
| EURONET WORLDWIDE INC | EEFT | $951.5K | 13,000 | -0.05pp | 31q | HELD | |
| DEXCOM INC | DXCM | $925.7K | 13,744 | -0.07pp | 11q | -0.8%-$7.5K | |
| RINGCENTRAL INC | RNG | $896.5K | 23,000 | -0.07pp | 31q | HELD | |
| DOLBY LABORATORIES INC | DLB | $836.0K | 15,900 | -0.14pp | 31q | HELD | |
| MAREX GROUP PLC | MRX | $835.0K | 13,700 | - | new | NEW | |
| PULSE BIOSCIENCES INC | PLSE | $831.9K | 30,000 | flat | 2q | HELD | |
| WESCO INTL INC | WCC | $794.5K | 2,300 | -0.13pp | 3q | -30.3%-$345.4K | |
| QUALCOMM INC | QCOM | $776.1K | 4,200 | - | new | NEW | |
| VUZIX CORP | VUZI | $725.0K | 250,000 | +0.10pp | 3q | +66.7%+$290.0K | |
| INSEEGO CORP | INSG | $723.1K | 70,000 | - | new | NEW | |
| ROBERT HALF INC. | RHI | $687.7K | 22,400 | - | new | NEW | |
| SONOS INC | SONO | $676.5K | 50,000 | +0.07pp | 2q | +85.2%+$311.2K | |
| INTERACTIVE BROKERS GROUP IN | IBKR | $661.5K | 7,600 | - | new | NEW | |
| PLEXUS CORP | PLXS | $661.5K | 2,200 | - | new | NEW | |
| OKLO INC | OKLO | $657.6K | 12,567 | +0.06pp | 2q | +65.4%+$259.9K | |
| NIKE INC | NKE | $615.8K | 15,000 | - | new | NEW | |
| IVANHOE ELECTRIC INC | IE | $611.2K | 63,598 | +0.12pp | 6q | +242.0%+$432.5K | |
| EVERQUOTE INC | EVER | $605.9K | 25,469 | -0.07pp | 2q | -36.3%-$345.7K | |
| CERIBELL INC | CBLL | $603.0K | 31,000 | -0.04pp | 2q | HELD | |
| PARSONS CORP DEL | PSN | $593.3K | 11,324 | -0.46pp | 3q | -58.8%-$847.5K | |
| ARM HOLDINGS PLC | ARM | $567.3K | 1,600 | - | new | NEW | |
| TIC SOLUTIONS INC | TIC | $550.0K | 67,985 | -0.01pp | 4q | HELD | |
| USA RARE EARTH INC | USAR | $539.5K | 25,000 | +0.09pp | 4q | +66.7%+$215.8K | |
| GALAXY DIGITAL INC. | GLXY | $513.2K | 18,772 | +0.02pp | 4q | HELD | |
| BELLRING BRANDS INC | BRBR | $502.7K | 38,845 | -0.30pp | 2q | -40.2%-$338.4K | |
| FREIGHTCAR AMER INC | RAIL | $487.0K | 50,000 | - | new | NEW | |
| ESAB CORPORATION | ESAB | $473.4K | 4,800 | - | new | NEW | |
| KURA SUSHI USA INC | KRUS | $447.8K | 7,780 | -0.09pp | 9q | HELD | |
| PALOMAR HLDGS INC | PLMR | $442.4K | 3,500 | - | new | NEW | |
| XPEL INC | XPEL | $436.5K | 8,800 | -0.02pp | 3q | HELD | |
| RIGETTI COMPUTING INC | RGTI | $425.0K | 22,000 | - | new | NEW | |
| ZIPRECRUITER INC | ZIP | $375.0K | 100,000 | -0.16pp | 4q | -71.4%-$937.5K | |
| FIGS INC | FIGS | $373.4K | 36,500 | -0.20pp | 3q | -25.5%-$127.9K | |
| ACCELERANT HOLDINGS | ARX | $363.3K | 31,000 | - | new | NEW | |
| BUILDERS FIRSTSOURCE INC | BLDR | $357.9K | 4,000 | -0.02pp | 31q | HELD | |
| ETORO GROUP LTD | ETOR | $323.7K | 8,200 | - | new | NEW | |
| META PLATFORMS INC | META | $281.6K | 500 | -0.03pp | 31q | HELD | |
| SUJA LIFE INC | SUJA | $254.0K | 25,000 | - | new | NEW | |
| X-ENERGY INC | XE | $174.4K | 9,500 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $37.2M | 13.1% |
| Software & IT Services | $34.9M | 12.3% |
| Business Services | $32.5M | 11.4% |
| Transport & Logistics | $21.9M | 7.7% |
| Retail & Consumer | $17.5M | 6.2% |
| Healthcare Services | $17.5M | 6.1% |
| Construction & Building | $13.0M | 4.6% |
| Biotech & Pharma | $13.0M | 4.6% |
| Autos & Aerospace | $12.7M | 4.5% |
| Industrials | $12.5M | 4.4% |
| Computer Hardware | $12.2M | 4.3% |
| Telecom & Media | $11.1M | 3.9% |
| Other sectors | $46.8M | 16.4% |
| Not classified | $1.7M | 0.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $284.3M | 145 | 32 | 28 | 32 | 24 | 22.8% | 48 |
| Q1 2026 | $221.6M | 137 | 35 | 19 | 38 | 23 | 22.4% | 44 |
| Q4 2025 | $259.5M | 125 | 29 | 8 | 52 | 26 | 23.4% | 44 |
| Q3 2025 | $281.1M | 122 | 28 | 18 | 26 | 25 | 21.6% | 44 |
| Q2 2025 | $264.7M | 119 | 23 | 19 | 54 | 22 | 22.4% | 44 |
| Q1 2025 | $246.6M | 118 | 28 | 17 | 40 | 25 | 22.0% | 44 |
| Q4 2024 | $295.4M | 115 | 27 | 23 | 40 | 21 | 21.7% | 44 |
| Q3 2024 | $291.2M | 109 | 21 | 23 | 44 | 21 | 23.2% | 44 |
| Q2 2024 | $275.2M | 109 | 17 | 22 | 52 | 20 | 26.1% | 44 |
| Q1 2024 | $313.0M | 112 | 22 | 20 | 37 | 38 | 23.1% | 44 |
| Q4 2023 | $312.1M | 128 | 29 | 21 | 40 | 37 | 19.5% | 44 |
| Q3 2023 | $293.0M | 136 | 25 | 27 | 50 | 24 | 21.6% | 44 |
| Q2 2023 | $314.1M | 135 | 28 | 26 | 44 | 22 | 22.8% | 42 |
| Q1 2023 | $310.5M | 129 | 27 | 11 | 52 | 27 | 21.9% | 42 |
| Q4 2022 | $353.1M | 129 | 23 | 18 | 36 | 21 | 22.4% | 44 |
| Q3 2022 | $350.0M | 127 | 16 | 22 | 36 | 19 | 22.4% | 41 |
| Q2 2022 | $361.1M | 130 | 8 | 18 | 40 | 18 | 21.3% | 43 |
| Q1 2022 | $530.2M | 140 | 20 | 19 | 44 | 18 | 22.9% | 43 |
| Q4 2021 | $563.0M | 138 | 12 | 12 | 52 | 19 | 25.9% | 45 |
| Q3 2021 | $698.7M | 145 | 16 | 23 | 15 | 18 | 26.6% | 43 |
| Q2 2021 | $725.4M | 147 | 15 | 36 | 23 | 32 | 27.8% | 44 |
| Q1 2021 | $695.2M | 164 | 46 | 15 | 49 | 20 | 24.5% | 44 |
| Q4 2020 | $598.9M | 138 | 18 | 17 | 58 | 28 | 32.0% | 43 |
| Q3 2020 | $534.6M | 148 | 34 | 18 | 43 | 28 | 32.3% | 47 |
| Q2 2020 | $591.1M | 142 | 30 | 14 | 37 | 40 | 34.3% | 44 |
| Q1 2020 | $521.6M | 152 | 36 | 26 | 42 | 23 | 33.7% | 44 |
| Q4 2019 | $792.6M | 139 | 17 | 38 | 27 | 25 | 30.5% | 44 |
| Q3 2019 | $667.4M | 147 | 20 | 30 | 43 | 22 | 30.9% | 45 |
| Q2 2019 | $700.2M | 149 | 18 | 37 | 31 | 14 | 31.6% | 45 |
| Q1 2019 | $708.3M | 145 | 27 | 29 | 31 | 21 | 32.2% | 44 |
| Q4 2018 | $607.8M | 139 | 0 | 0 | 0 | 0 | 31.9% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.