Formula Growth Ltd.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 17, 2026), Formula Growth Ltd. reported 145 stock positions worth $284.3 million. Its top holding was Micron Technology (MU) at 4.9% of the portfolio, followed by Latham (SWIM, 3.1%) and Stratasys (SSYS, 2.6%). Compared with Q1 2026, it opened 32 new positions, sold out of 24, added to 28 and reduced 43. The biggest buy was a new position in Guardant Health (GH) and the biggest sale an exit from Navan Class A (NAVN).
- Most Recent 13F
- Q2 2026
- Location
- MONTREAL, A8
- CIK
- 0001093219
- Portfolio Value
- $284.3M (Q2 2026)
- SEC Filing
- 0001011438-26-000552 ↗ filed Aug 17, 2026
Holdings Value
Holdings 145 stocks · $284.3M
| MU Micron Technology Inc. | 4.87% | 12,000 | $13.9M | Reduce -42.9% |
| SWIM Latham Group Inc. | 3.13% | 1,375,082 | $8.9M | Add +9.6% |
| SSYS Stratasys Ltd. | 2.59% | 860,000 | $7.4M | Add +7.5% |
| COMP Compass Inc. Class A | 2.11% | 487,300 | $6.0M | Reduce -14.1% |
| ALHC Alignment Healthcare Inc. | 1.85% | 221,347 | $5.3M | Reduce -7.5% |
| CECO Ceco Environmental Corp. | 1.76% | 55,159 | $5.0M | Reduce -11.5% |
| JHX James Hardie Ind PLC | 1.75% | 189,765 | $5.0M | Reduce -19.9% |
| XPO Xpo Inc. | 1.66% | 23,000 | $4.7M | No change |
| KVYO Klaviyo Inc. Class A | 1.59% | 300,000 | $4.5M | Add +100.0% |
| ORN Orion Group Holdings Inc. | 1.52% | 256,633 | $4.3M | Reduce -13.8% |
| CALX Calix Inc. | 1.51% | 115,000 | $4.3M | Add +202.6% |
| EQPT Equipmentshare.com Inc. Class A | 1.48% | 214,523 | $4.2M | Add +56.6% |
| FOXF Fox Factory Holding Corp. | 1.44% | 242,442 | $4.1M | Reduce -13.2% |
| RYAAY Ryanair Holdings PLC-SP ADR | 1.42% | 62,388 | $4.0M | No change |
| U Unity Software Inc. | 1.41% | 140,000 | $4.0M | Add +7.7% |
| PACK Ranpak Holdings Corp. | 1.34% | 522,055 | $3.8M | Reduce -24.8% |
| PANW Palo Alto Networks Inc. | 1.31% | 10,946 | $3.7M | No change |
| MOD Modine Manufacturing Co. | 1.27% | 13,540 | $3.6M | Reduce -7.9% |
| BTSG Brightspring Health Services | 1.23% | 50,344 | $3.5M | Reduce -27.8% |
| ICLR Icon PLC filed as ICON PUB LTD CO | 1.14% | 18,692 | $3.2M | Add +167.0% |
| RBA RB Global Inc. | 1.13% | 27,604 | $3.2M | Reduce -0.4% |
| LIND Lindblad Expeditions Holding | 1.11% | 111,491 | $3.1M | Add +100.6% |
| CVSA Covista Inc. | 1.10% | 25,196 | $3.1M | Reduce -0.4% |
| UA Under Armour Inc. Class C | 1.09% | 500,000 | $3.1M | Add +25.0% |
| HQY Healthequity Inc. | 1.09% | 34,417 | $3.1M | Reduce -0.4% |
| SAH Sonic Automotive Inc. Class A | 1.07% | 35,800 | $3.0M | No change |
| LAW CS Disco Inc. | 1.06% | 800,000 | $3.0M | No change |
| FN Fabrinet | 1.06% | 5,370 | $3.0M | Reduce -16.1% |
| AIR Aar Corp. | 1.05% | 20,890 | $3.0M | Reduce -0.4% |
| AX Axos Financial Inc. | 1.05% | 30,624 | $3.0M | No change |
| GH Guardant Health Inc. | 1.02% | 19,300 | $2.9M | New |
| UTHR United Therapeutics Corp. | 1.02% | 5,334 | $2.9M | Reduce -0.4% |
| LULU Lululemon Athletica Inc. | 1.00% | 25,000 | $2.9M | Add +25.0% |
| MEC Mayville Engineering Co. Inc. | 0.99% | 75,000 | $2.8M | Reduce -25.0% |
| LNTH Lantheus Holdings Inc. | 0.98% | 25,131 | $2.8M | Add +57.1% |
| BILL Bill Holdings Inc. | 0.95% | 75,000 | $2.7M | No change |
| NOK Nokia Corp.-Spon ADR | 0.93% | 200,000 | $2.7M | Reduce -57.9% |
| EVH Evolent Health Inc. Class A | 0.92% | 485,000 | $2.6M | Add +125.6% |
| CPA Copa Holdings SA Class A | 0.85% | 15,500 | $2.4M | No change |
| NSP Insperity Inc. | 0.82% | 56,700 | $2.3M | Reduce -15.0% |
| RH RH | 0.81% | 14,000 | $2.3M | Add +7.7% |
| AGYS Agilysys Inc. | 0.81% | 22,000 | $2.3M | Add +83.3% |
| CDNA Caredx Inc. | 0.78% | 78,026 | $2.2M | Reduce -0.6% |
| FCFS Firstcash Holdings Inc. | 0.76% | 10,000 | $2.2M | No change |
| SSNC Ss&c Technologies Holdings | 0.76% | 34,725 | $2.2M | No change |
| TPC Tutor Perini Corp. | 0.72% | 24,586 | $2.0M | Reduce -15.1% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.71% | 7,000 | $2.0M | No change |
| MDB Mongodb Inc. | 0.71% | 6,000 | $2.0M | Reduce -33.3% |
| HCA HCA Healthcare Inc. | 0.69% | 5,000 | $1.9M | No change |
| GPN Global Payments Inc. | 0.68% | 26,759 | $1.9M | Add +109.7% |
| LAUR Laureate Education Inc. | 0.68% | 52,977 | $1.9M | Reduce -0.4% |
| BBW Build-A-Bear Workshop Inc. | 0.67% | 62,642 | $1.9M | Add +78.3% |
| UBER Uber Technologies Inc. | 0.67% | 26,500 | $1.9M | No change |
| ARLO Arlo Technologies Inc. | 0.66% | 140,000 | $1.9M | No change |
| TWLO Twilio Inc. Class A | 0.65% | 9,000 | $1.9M | Reduce -15.8% |
| NXT Nextpower Inc. | 0.65% | 15,481 | $1.8M | Reduce -16.8% |
| PODD Insulet Corp. | 0.64% | 11,991 | $1.8M | Reduce -0.3% |
| GXO Gxo Logistics Inc. | 0.61% | 34,000 | $1.7M | No change |
| ABNB Airbnb Inc. Class A | 0.60% | 12,000 | $1.7M | Add +20.0% |
| MANE Veradermics Inc. | 0.60% | 13,923 | $1.7M | Reduce -0.6% |
| UCTT Ultra Clean Holdings Inc. | 0.60% | 11,900 | $1.7M | New |
| FPS Forgent Power Solutions Class A | 0.60% | 30,335 | $1.7M | Reduce -63.4% |
| GENI Genius Sports Ltd. | 0.59% | 275,187 | $1.7M | Reduce -0.4% |
| CWST Casella Waste Systems Inc. Class A | 0.58% | 17,053 | $1.7M | No change |
| ECG Everus Construction Group | 0.58% | 9,951 | $1.7M | New |
| TBCH Turtle Beach Corp. | 0.58% | 131,426 | $1.6M | Add +138.6% |
| APO Apollo Global Management Inc. | 0.57% | 13,800 | $1.6M | Add +62.4% |
| STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC | 0.57% | 300,000 | $1.6M | New |
| KEX Kirby Corp. | 0.56% | 11,745 | $1.6M | No change |
| PROF Profound Medical Corp. | 0.56% | 240,088 | $1.6M | Reduce -0.4% |
| VCYT Veracyte Inc. | 0.56% | 27,000 | $1.6M | No change |
| LBTYK Liberty Global Ltd. Class C | 0.55% | 142,702 | $1.6M | No change |
| EXFY Expensify Inc. Class A | 0.55% | 875,000 | $1.6M | Reduce -1.7% |
| LFST Lifestance Health Group Inc. | 0.55% | 145,000 | $1.6M | New |
| TATT Tat Technologies Ltd. | 0.52% | 30,801 | $1.5M | No change |
| HOMB Home Bancshares Inc. | 0.52% | 51,912 | $1.5M | No change |
| LITE Lumentum Holdings Inc. | 0.51% | 1,700 | $1.5M | New |
| FSLR First Solar Inc. | 0.50% | 6,072 | $1.4M | Reduce -0.4% |
| GDYN Grid Dynamics Holdings Inc. | 0.50% | 251,896 | $1.4M | Reduce -0.4% |
| TEAM Atlassian Corp. Class A | 0.49% | 18,000 | $1.4M | No change |
| NOW ServiceNow Inc. | 0.49% | 14,000 | $1.4M | New |
| PI Impinj Inc. | 0.48% | 9,500 | $1.4M | New |
| SIMO Silicon Motion Technol-ADR | 0.45% | 3,800 | $1.3M | New |
| PLNT Planet Fitness Inc. Class A | 0.44% | 24,000 | $1.3M | New |
| AVEX Aevex Corp. Class A | 0.43% | 59,000 | $1.2M | New |
| EXPE Expedia Group Inc. | 0.43% | 4,760 | $1.2M | Add +55.6% |
| PD Pagerduty Inc. | 0.42% | 125,000 | $1.2M | Add +25.0% |
| TRLV Trulieve Cannabis Corp. | 0.41% | 120,000 | $1.2M | New |
| AEYE Audioeye Inc. | 0.41% | 200,000 | $1.2M | No change |
| TSAT Telesat Corp. | 0.41% | 22,873 | $1.2M | New |
| WEX Wex Inc. | 0.41% | 8,200 | $1.2M | No change |
| CMPR Cimpress PLC | 0.40% | 11,300 | $1.1M | No change |
| VCEL Vericel Corp. | 0.40% | 25,824 | $1.1M | No change |
| VCTR Victory Capital Holding - A | 0.40% | 13,426 | $1.1M | No change |
| TTEK Tetra Tech Inc. | 0.40% | 39,050 | $1.1M | No change |
| KOPN Kopin Corp. | 0.39% | 250,000 | $1.1M | New |
| LKQ LKQ Corp. | 0.39% | 42,300 | $1.1M | No change |
| PSTL Postal Realty Trust Inc. Class A | 0.39% | 45,000 | $1.1M | Add +181.3% |
| SNDK Sandisk Corp. | 0.38% | 480 | $1.1M | New |
| TNDM Tandem Diabetes Care Inc. | 0.37% | 70,304 | $1.1M | Reduce -0.7% |
Portfolio Sells Q1 2026 → Q2 2026
| NAVN Navan Inc. Class A | Sold out | 0.00% | −0.84 |
| ARCB Arcbest Corp. | Sold out | 0.00% | −0.84 |
| NOK Nokia Corp.-Spon ADR | Reduce -57.9% | 0.93% | −0.79 |
| INSM Insmed Inc. | Sold out | 0.00% | −0.66 |
| FOXF Fox Factory Holding Corp. | Reduce -13.2% | 1.44% | −0.63 |
| WDAY Workday Inc. Class A | Sold out | 0.00% | −0.59 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −0.54 |
| CSTL Castle Biosciences Inc. | Sold out | 0.00% | −0.51 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −0.50 |
| FPS Forgent Power Solutions Class A | Reduce -63.4% | 0.60% | −0.50 |
| PODD Insulet Corp. | Reduce -0.3% | 0.64% | −0.50 |
| PSN Parsons Corp. | Reduce -58.8% | 0.21% | −0.46 |
| ONON On Holding AG Class A | Sold out | 0.00% | −0.46 |
| FN Fabrinet | Reduce -16.1% | 1.06% | −0.44 |
| UTHR United Therapeutics Corp. | Reduce -0.4% | 1.02% | −0.42 |
| EYE National Vision Holdings Inc. | Sold out | 0.00% | −0.37 |
| NXT Nextpower Inc. | Reduce -16.8% | 0.65% | −0.36 |
| HUBS HubSpot Inc. | Sold out | 0.00% | −0.33 |
| HYMC Hycroft Mining Holding Co. Class A | Sold out | 0.00% | −0.32 |
| TRI Thomson Reuters Corp. | Sold out | 0.00% | −0.30 |
| BRBR Bellring Brands Inc. | Reduce -40.2% | 0.18% | −0.30 |
| TPC Tutor Perini Corp. | Reduce -15.1% | 0.72% | −0.29 |
| TGT Target Corp. | Sold out | 0.00% | −0.29 |
| MDB Mongodb Inc. | Reduce -33.3% | 0.71% | −0.29 |
| OKTA Okta Inc. | Sold out | 0.00% | −0.28 |
| JHX James Hardie Ind PLC | Reduce -19.9% | 1.75% | −0.28 |
| GLOB Globant SA | Sold out | 0.00% | −0.27 |
| ESOA Energy Services of America | Sold out | 0.00% | −0.25 |
| TNDM Tandem Diabetes Care Inc. | Reduce -0.7% | 0.37% | −0.24 |
| CVSA Covista Inc. | Reduce -0.4% | 1.10% | −0.21 |
| HQY Healthequity Inc. | Reduce -0.4% | 1.09% | −0.21 |
| FIGS Figs Inc. Class A | Reduce -25.5% | 0.13% | −0.20 |
| HLLY Holley Inc. | Sold out | 0.00% | −0.19 |
| VITL Vital Farms Inc. | Sold out | 0.00% | −0.18 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.17 |
| MOD Modine Manufacturing Co. | Reduce -7.9% | 1.27% | −0.17 |
| LAUR Laureate Education Inc. | Reduce -0.4% | 0.68% | −0.16 |
| ZIP Ziprecruiter Inc. Class A | Reduce -71.4% | 0.13% | −0.16 |
| IMXI International Money Express | Sold out | 0.00% | −0.16 |
| SVV Savers Value Village Inc. | Sold out | 0.00% | −0.15 |
| GDYN Grid Dynamics Holdings Inc. | Reduce -0.4% | 0.50% | −0.15 |
| PROF Profound Medical Corp. | Reduce -0.4% | 0.56% | −0.14 |
| BANC Banc of California Inc. | Sold out | 0.00% | −0.13 |
| WCC Wesco International Inc. | Reduce -30.3% | 0.28% | −0.13 |
| BTSG Brightspring Health Services | Reduce -27.8% | 1.23% | −0.11 |
| TLSI Trisalus Life Sciences Inc. | Sold out | 0.00% | −0.09 |
| EHC Encompass Health Corp. | Reduce -0.6% | 0.37% | −0.09 |
| RBA RB Global Inc. | Reduce -0.4% | 1.13% | −0.07 |
| DXCM Dexcom Inc. | Reduce -0.8% | 0.33% | −0.07 |
| EVER Everquote Inc. Class A | Reduce -36.3% | 0.21% | −0.07 |
Portfolio Buys Q1 2026 → Q2 2026
| GH Guardant Health Inc. | New | 1.02% | +1.02 |
| ICLR Icon PLC | Add +167.0% | 1.14% | +0.79 |
| EVH Evolent Health Inc. Class A | Add +125.6% | 0.92% | +0.70 |
| LIND Lindblad Expeditions Holding | Add +100.6% | 1.11% | +0.67 |
| CALX Calix Inc. | Add +202.6% | 1.51% | +0.67 |
| UCTT Ultra Clean Holdings Inc. | New | 0.60% | +0.60 |
| ECG Everus Construction Group | New | 0.58% | +0.58 |
| STLN Starling Oncology Inc. | New | 0.57% | +0.57 |
| LFST Lifestance Health Group Inc. | New | 0.55% | +0.55 |
| LITE Lumentum Holdings Inc. | New | 0.51% | +0.51 |
| NOW ServiceNow Inc. | New | 0.49% | +0.49 |
| PI Impinj Inc. | New | 0.48% | +0.48 |
| SIMO Silicon Motion Technol-ADR | New | 0.45% | +0.45 |
| PLNT Planet Fitness Inc. Class A | New | 0.44% | +0.44 |
| AVEX Aevex Corp. Class A | New | 0.43% | +0.43 |
| LNTH Lantheus Holdings Inc. | Add +57.1% | 0.98% | +0.43 |
| AGYS Agilysys Inc. | Add +83.3% | 0.81% | +0.42 |
| TRLV Trulieve Cannabis Corp. | New | 0.41% | +0.41 |
| TSAT Telesat Corp. | New | 0.41% | +0.41 |
| KOPN Kopin Corp. | New | 0.39% | +0.39 |
| SNDK Sandisk Corp. | New | 0.38% | +0.38 |
| VSXY Victoria's Secret & Co. | New | 0.34% | +0.34 |
| TBCH Turtle Beach Corp. | Add +138.6% | 0.58% | +0.32 |
| GPN Global Payments Inc. | Add +109.7% | 0.68% | +0.30 |
| MRX Marex UK Holdings Ltd. | New | 0.29% | +0.29 |
| KVYO Klaviyo Inc. Class A | Add +100.0% | 1.59% | +0.28 |
| QCOM Qualcomm Inc. | New | 0.27% | +0.27 |
| PSTL Postal Realty Trust Inc. Class A | Add +181.3% | 0.39% | +0.26 |
| INSG Inseego Corp. | New | 0.25% | +0.25 |
| RHI Robert Half Inc. | New | 0.24% | +0.24 |
| IBKR Interactive Brokers Gro Class A | New | 0.23% | +0.23 |
| PLXS Plexus Corp. | New | 0.23% | +0.23 |
| EQPT Equipmentshare.com Inc. Class A | Add +56.6% | 1.48% | +0.22 |
| NKE Nike Inc. Class B | New | 0.22% | +0.22 |
| ARM Arm Holdings PLC-ADR | New | 0.20% | +0.20 |
| RAIL Freightcar America Inc. | New | 0.17% | +0.17 |
| ESAB Esab Corp. | New | 0.17% | +0.17 |
| PLMR Palomar Holdings Inc. | New | 0.16% | +0.16 |
| RGTI Rigetti Computing Inc. | New | 0.15% | +0.15 |
| APO Apollo Global Management Inc. | Add +62.4% | 0.57% | +0.15 |
| PD Pagerduty Inc. | Add +25.0% | 0.42% | +0.14 |
| ARX Accelerant Holdings Class A | New | 0.13% | +0.13 |
| U Unity Software Inc. | Add +7.7% | 1.41% | +0.12 |
| IE Ivanhoe Electric Inc. / US | Add +242.0% | 0.21% | +0.12 |
| ETOR Etoro Group Ltd. Class A | New | 0.11% | +0.11 |
| EXPE Expedia Group Inc. | Add +55.6% | 0.43% | +0.11 |
| VUZI Vuzix Corp. | Add +66.7% | 0.26% | +0.10 |
| SUJA Suja Life Inc. Class A | New | 0.09% | +0.09 |
| SWIM Latham Group Inc. | Add +9.6% | 3.13% | +0.09 |
| USAR USA Rare Earth Inc. | Add +66.7% | 0.19% | +0.09 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 145 | $284.3M | MU, SWIM, SSYS, COMP, ALHC |
| Q1 2026 | 137 | $221.6M | MU, SWIM, SSYS, FOXF, JHX |
| Q4 2025 | 125 | $259.5M | MU, SWIM, JHX, LAW, LIND |
| Q3 2025 | 122 | $281.1M | SWIM, JHX, TEAM, SSYS, MU |
| Q2 2025 | 119 | $264.7M | SWIM, SSYS, UA, JHX, TEAM |
| Q1 2025 | 118 | $246.6M | SWIM, SSYS, UA, BILL, W |
| Q4 2024 | 115 | $295.4M | SWIM, UA, SNBRQ, SSYS, W |
| Q3 2024 | 109 | $291.2M | SWIM, CROX, BBW, W, SNBRQ |
| Q2 2024 | 109 | $275.2M | MU, CROX, PAGS, UCTT, SNOW |
| Q1 2024 | 112 | $313.0M | PAGS, EVH, PLAY, UCTT, SNBRQ |