Formula Growth Ltd.

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 13, 2024), Formula Growth Ltd. reported 109 stock positions worth $275.2 million. Its top holding was Micron Technology (MU) at 3.9% of the portfolio, followed by Crocs (CROX, 3.2%) and Pagseguro Digital Class A (PAGS, 3.0%). Compared with Q1 2024, it opened 17 new positions, sold out of 20, added to 22 and reduced 53. The biggest buy was a new position in Crocs (CROX) and the biggest sale an exit from Dave & Buster's Entertainmen (PLAY).

Most Recent 13F
Q2 2026
Location
MONTREAL, A8
CIK
0001093219
Portfolio Value
$275.2M (Q2 2024)
SEC Filing
0001011438-24-000444 ↗ filed Aug 13, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $313.0M Q1 2024 Q2 2024: $275.2M $275.2M Q2 2024 Q3 2024: $291.2M Q3 2024 Q4 2024: $295.4M Q4 2024 Q1 2025: $246.6M Q1 2025 Q2 2025: $264.7M Q2 2025 Q3 2025: $281.1M Q3 2025 Q4 2025: $259.5M Q4 2025 Q1 2026: $221.6M Q1 2026 Q2 2026: $284.3M Q2 2026

Holdings 109 stocks · $275.2M
MU Micron Technology Inc. 3.94% 82,416 $10.8M Add +46.6%
CROX Crocs Inc. 3.21% 60,600 $8.8M New
PAGS Pagseguro Digital Ltd. Class A 2.96% 695,857 $8.1M Add +11.3%
UCTT Ultra Clean Holdings Inc. 2.76% 155,055 $7.6M Reduce -4.0%
SNOW Snowflake Inc. 2.50% 51,000 $6.9M Add +36.4%
W Wayfair Inc. Class A 2.36% 123,117 $6.5M Add +520.6%
CECO Ceco Environmental Corp. 2.31% 220,613 $6.4M Add +11.4%
SWIM Latham Group Inc. 2.16% 1,960,635 $5.9M Add +12.0%
BBW Build-A-Bear Workshop Inc. 2.06% 224,160 $5.7M Add +9.6%
LIND Lindblad Expeditions Holding 1.84% 523,403 $5.1M No change
TNDM Tandem Diabetes Care Inc. 1.82% 124,646 $5.0M Add +0.7%
INFN Infinera Corp. 1.77% 800,000 $4.9M Reduce -20.8%
ARCB Arcbest Corp. 1.75% 45,094 $4.8M Add +16.5%
BILL Bill Holdings Inc. 1.70% 89,000 $4.7M Add +97.8%
ACVA Acv Auctions Inc. Class A 1.70% 256,125 $4.7M Reduce -8.3%
IRTC Irhythm Holdings Inc. 1.58% 40,409 $4.3M Add +26.4%
RDNT Radnet Inc. 1.56% 72,670 $4.3M Reduce -14.0%
PODD Insulet Corp. 1.53% 20,865 $4.2M Reduce -1.1%
SNBRQ Sleep Number Corp. 1.49% 427,696 $4.1M Reduce -1.9%
CHWY Chewy Inc. Class A 1.44% 145,500 $4.0M New
CALX Calix Inc. 1.42% 110,000 $3.9M Reduce -8.3%
HCA HCA Healthcare Inc. 1.40% 12,000 $3.9M Reduce -22.6%
HOLX Hologic Inc. 1.30% 48,260 $3.6M Reduce -5.1%
XPO Xpo Inc. 1.29% 33,500 $3.6M No change
TEAM Atlassian Corp. Class A 1.29% 20,000 $3.5M Add +300.0%
TWLO Twilio Inc. Class A 1.25% 60,688 $3.4M Add +19.7%
EVH Evolent Health Inc. Class A 1.19% 171,551 $3.3M Reduce -30.8%
LAW CS Disco Inc. 1.17% 540,000 $3.2M Add +8.0%
NTRA Natera Inc. 1.16% 29,400 $3.2M Reduce -19.8%
MRVL Marvell Technology Inc. 1.15% 45,100 $3.2M Reduce -50.1%
RYAAY Ryanair Holdings PLC-SP ADR 1.14% 26,955 $3.1M No change
UBER Uber Technologies Inc. 1.07% 40,500 $2.9M Reduce -14.7%
ASAN Asana Inc. Class A 1.07% 210,000 $2.9M Reduce -14.3%
DXCM Dexcom Inc. 1.06% 25,728 $2.9M Add +22.2%
SAH Sonic Automotive Inc. Class A 1.01% 50,800 $2.8M Reduce -12.1%
PRCT Procept Biorobotics Corp. 0.99% 44,440 $2.7M New
SSNC Ss&c Technologies Holdings 0.97% 42,475 $2.7M Reduce -27.5%
XYL Xylem Inc. 0.97% 19,595 $2.7M Reduce -0.2%
NARI Inari Medical Inc. 0.95% 54,350 $2.6M New
ATEC Alphatec Holdings Inc. 0.95% 249,000 $2.6M Reduce -3.8%
LBTYK Liberty Global Ltd. Class C 0.93% 142,702 $2.5M Reduce -3.4%
CSGP Costar Group Inc. 0.92% 34,000 $2.5M Reduce -22.7%
KIDS Orthopediatrics Corp. 0.89% 85,620 $2.5M Reduce -14.9%
RXST Rxsight Inc. 0.89% 40,870 $2.5M New
LKQ LKQ Corp. 0.88% 58,300 $2.4M Reduce -7.9%
CWST Casella Waste Systems Inc. Class A 0.83% 23,053 $2.3M Reduce -9.8%
U Unity Software Inc. 0.83% 140,000 $2.3M Reduce -17.6%
FLR Fluor Corp. 0.82% 51,719 $2.3M Reduce -5.1%
PANW Palo Alto Networks Inc. 0.82% 6,623 $2.2M No change
IMXI International Money Express 0.79% 104,299 $2.2M Reduce -8.8%
FN Fabrinet 0.78% 8,800 $2.2M Reduce -26.7%
CHDN Churchill Downs Inc. 0.78% 15,365 $2.1M Reduce -6.1%
NOVAQ Sunnova Energy International 0.75% 371,500 $2.1M Add +79.5%
VCEL Vericel Corp. 0.75% 44,700 $2.1M Add +4.0%
TTEK Tetra Tech Inc. 0.71% 9,500 $1.9M Reduce -17.4%
RL Ralph Lauren Corp. 0.70% 11,055 $1.9M Reduce -11.6%
SSYS Stratasys Ltd. 0.70% 230,000 $1.9M New
AX Axos Financial Inc. 0.70% 33,624 $1.9M Reduce -5.6%
GXO Gxo Logistics Inc. 0.70% 38,000 $1.9M Reduce -5.0%
RNG Ringcentral Inc. Class A 0.69% 67,061 $1.9M No change
INST Instructure Holdings Inc. 0.68% 80,000 $1.9M Reduce -20.0%
WIX Wix.com Ltd. 0.68% 11,710 $1.9M Reduce -6.3%
LEA Lear Corp. 0.64% 15,325 $1.8M Add +164.7%
UA Under Armour Inc. Class C 0.63% 265,000 $1.7M Reduce -55.8%
SIX Six Flags Entertainment Corp. 0.63% 52,091 $1.7M Reduce -42.4%
TRNS Transcat Inc. 0.62% 14,340 $1.7M Reduce -17.6%
UTI Universal Technical Institut 0.61% 106,650 $1.7M Add +0.6%
UAA Under Armour Inc. Class A 0.57% 235,000 $1.6M New
EEFT Euronet Worldwide Inc. 0.55% 14,500 $1.5M No change
CPA Copa Holdings SA Class A 0.54% 15,500 $1.5M No change
DLB Dolby Laboratories Inc. Class A 0.53% 18,500 $1.5M Reduce -9.8%
WEX Wex Inc. 0.53% 8,200 $1.5M Reduce -42.3%
NVEE NV5 Global Inc. 0.52% 15,500 $1.4M No change
KEX Kirby Corp. 0.51% 11,745 $1.4M No change
PHLT Performant Healthcare Inc. 0.51% 480,000 $1.4M Reduce -7.7%
HOMB Home Bancshares Inc. 0.50% 56,912 $1.4M Reduce -3.4%
LESLIES INC 0.49% 319,879 $1.3M Reduce -21.1%
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.48% 192,300 $1.3M New
JBHT Hunt (jb) Transprt SVCS Inc. 0.47% 8,000 $1.3M No change
KRUS Kura Sushi USA Inc. Class A 0.46% 20,235 $1.3M New
RXO Rxo Inc. 0.43% 45,000 $1.2M No change
RUN Sunrun Inc. 0.40% 92,000 $1.1M Add +48.4%
XPOF Xponential Fitness Inc. Class A 0.39% 69,474 $1.1M Reduce -71.9%
IAS Integral Ad Science Holding 0.39% 110,000 $1.1M Add +57.1%
FCFS Firstcash Holdings Inc. 0.38% 10,000 $1.0M No change
EXFY Expensify Inc. Class A 0.38% 700,000 $1.0M Add +7.7%
META Meta Platforms Inc. Class A 0.37% 2,000 $1.0M Reduce -50.0%
CTLP Cantaloupe Inc. 0.36% 151,795 $1.0M Reduce -9.0%
CMPR Cimpress PLC 0.36% 11,300 $990K No change
BLDR Builders Firstsource Inc. 0.35% 7,000 $969K Reduce -12.5%
RYAN Ryan Specialty Holdings Inc. 0.34% 16,307 $944K Reduce -34.8%
BIRK Birkenstock Holding PLC 0.30% 15,000 $816K New
SPIR Spire Global Inc. 0.28% 70,000 $759K New
BGC BGC Group Inc. Class A 0.27% 90,779 $753K Reduce -3.9%
ASPN Aspen Aerogels Inc. 0.26% 30,000 $716K New
BOW Bowhead Specialty Holdings I 0.23% 25,500 $646K New
CCL Carnival Corp. 0.23% 34,000 $636K New
IQV Iqvia Holdings Inc. 0.23% 3,010 $636K Reduce -2.9%
TREE Lendingtree Inc. 0.23% 14,909 $620K Reduce -58.0%
BRBR Bellring Brands Inc. 0.22% 10,659 $609K No change
VCYT Veracyte Inc. 0.21% 27,000 $585K No change
CNTY Century Casinos Inc. 0.20% 200,000 $554K No change
PACK Ranpak Holdings Corp. 0.20% 85,000 $547K New
STAA Staar Surgical Co. 0.18% 10,200 $486K No change
PTLO Portillo's Inc. Class A 0.17% 48,000 $467K Reduce -38.5%
JLL Jones Lang Lasalle Inc. 0.15% 2,050 $421K New
COOK Traeger Inc. 0.14% 164,110 $394K New
MEI Methode Electronics Inc. 0.10% 27,385 $283K Reduce -57.8%
MODVQ Modivcare Inc. 0.06% 6,000 $157K Reduce -50.0%

Portfolio Sells Q1 2024 → Q2 2024
PLAY Dave & Buster's Entertainmen Sold out 0.00% −2.56
MPWR Monolithic Power Systems Inc. Sold out 0.00% −2.13
EVH Evolent Health Inc. Class A Reduce -30.8% 1.19% −1.41
HEES H&E Equipment Services Inc. Sold out 0.00% −1.26
TMCI Treace Medical Concepts Inc. Sold out 0.00% −1.12
PGNY Progyny Inc. Sold out 0.00% −1.07
ABBV Abbvie Inc. Sold out 0.00% −1.04
XPOF Xponential Fitness Inc. Class A Reduce -71.9% 0.39% −0.91
MRVL Marvell Technology Inc. Reduce -50.1% 1.15% −0.90
SNBRQ Sleep Number Corp. Reduce -1.9% 1.49% −0.75
UA Under Armour Inc. Class C Reduce -55.8% 0.63% −0.74
LULU Lululemon Athletica Inc. Sold out 0.00% −0.69
TTI Tetra Technologies Inc. Sold out 0.00% −0.68
U Unity Software Inc. Reduce -17.6% 0.83% −0.62
KVYO Klaviyo Inc. Class A Sold out 0.00% −0.57
WEX Wex Inc. Reduce -42.3% 0.53% −0.55
NOTVQ Inotiv Inc. Sold out 0.00% −0.49
PHIN Phinia Inc. Sold out 0.00% −0.47
CSGP Costar Group Inc. Reduce -22.7% 0.92% −0.44
EA Electronic Arts Inc. Sold out 0.00% −0.43
RVLV Revolve Group Inc. Class A Sold out 0.00% −0.41
LESLIES INC Reduce -21.1% 0.49% −0.35
TREE Lendingtree Inc. Reduce -58.0% 0.23% −0.25
META Meta Platforms Inc. Class A Reduce -50.0% 0.37% −0.25
HCA HCA Healthcare Inc. Reduce -22.6% 1.40% −0.25
SSNC Ss&c Technologies Holdings Reduce -27.5% 0.97% −0.24
DBX Dropbox Inc. Class A Sold out 0.00% −0.23
HCI Hci Group Inc. Sold out 0.00% −0.22
SMTC Semtech Corp. Sold out 0.00% −0.22
LKQ LKQ Corp. Reduce -7.9% 0.88% −0.20
ATEC Alphatec Holdings Inc. Reduce -3.8% 0.95% −0.20
SMAR Smartsheet Inc. Class A Sold out 0.00% −0.19
PTLO Portillo's Inc. Class A Reduce -38.5% 0.17% −0.18
BLDR Builders Firstsource Inc. Reduce -12.5% 0.35% −0.18
INFN Infinera Corp. Reduce -20.8% 1.77% −0.18
UDMY Udemy Inc. Sold out 0.00% −0.18
MEI Methode Electronics Inc. Reduce -57.8% 0.10% −0.15
CERS Cerus Corp. Sold out 0.00% −0.15
ASAN Asana Inc. Class A Reduce -14.3% 1.07% −0.14
SIX Six Flags Entertainment Corp. Reduce -42.4% 0.63% −0.13
RYAN Ryan Specialty Holdings Inc. Reduce -34.8% 0.34% −0.10
UBER Uber Technologies Inc. Reduce -14.7% 1.07% −0.10
RL Ralph Lauren Corp. Reduce -11.6% 0.70% −0.05
SAH Sonic Automotive Inc. Class A Reduce -12.1% 1.01% −0.05
IMXI International Money Express Reduce -8.8% 0.79% −0.04
KIDS Orthopediatrics Corp. Reduce -14.9% 0.89% −0.04
TTEC Ttec Holdings Inc. Sold out 0.00% −0.03
MODVQ Modivcare Inc. Reduce -50.0% 0.06% −0.03
IQV Iqvia Holdings Inc. Reduce -2.9% 0.23% −0.02
DLB Dolby Laboratories Inc. Class A Reduce -9.8% 0.53% −0.02

Portfolio Buys Q1 2024 → Q2 2024
CROX Crocs Inc. New 3.21% +3.21
W Wayfair Inc. Class A Add +520.6% 2.36% +1.93
MU Micron Technology Inc. Add +46.6% 3.94% +1.82
CHWY Chewy Inc. Class A New 1.44% +1.44
PRCT Procept Biorobotics Corp. New 0.99% +0.99
TEAM Atlassian Corp. Class A Add +300.0% 1.29% +0.97
NARI Inari Medical Inc. New 0.95% +0.95
RXST Rxsight Inc. New 0.89% +0.89
CECO Ceco Environmental Corp. Add +11.4% 2.31% +0.86
BILL Bill Holdings Inc. Add +97.8% 1.70% +0.71
SSYS Stratasys Ltd. New 0.70% +0.70
SNOW Snowflake Inc. Add +36.4% 2.50% +0.57
UAA Under Armour Inc. Class A New 0.57% +0.57
GPGI Gpgi Inc. New 0.48% +0.48
KRUS Kura Sushi USA Inc. Class A New 0.46% +0.46
TNDM Tandem Diabetes Care Inc. Add +0.7% 1.82% +0.42
IRTC Irhythm Holdings Inc. Add +26.4% 1.58% +0.40
LEA Lear Corp. Add +164.7% 0.64% +0.37
NOVAQ Sunnova Energy International Add +79.5% 0.75% +0.35
BIRK Birkenstock Holding PLC New 0.30% +0.30
SPIR Spire Global Inc. New 0.28% +0.28
TWLO Twilio Inc. Class A Add +19.7% 1.25% +0.26
ASPN Aspen Aerogels Inc. New 0.26% +0.26
BOW Bowhead Specialty Holdings I New 0.23% +0.23
CCL Carnival Corp. New 0.23% +0.23
PACK Ranpak Holdings Corp. New 0.20% +0.20
IAS Integral Ad Science Holding Add +57.1% 0.39% +0.17
JLL Jones Lang Lasalle Inc. New 0.15% +0.15
COOK Traeger Inc. New 0.14% +0.14
RUN Sunrun Inc. Add +48.4% 0.40% +0.14
DXCM Dexcom Inc. Add +22.2% 1.06% +0.13
BBW Build-A-Bear Workshop Inc. Add +9.6% 2.06% +0.11
PAGS Pagseguro Digital Ltd. Class A Add +11.3% 2.96% +0.10
UTI Universal Technical Institut Add +0.6% 0.61% +0.07
VCEL Vericel Corp. Add +4.0% 0.75% +0.03
EXFY Expensify Inc. Class A Add +7.7% 0.38% −0.00
ARCB Arcbest Corp. Add +16.5% 1.75% −0.01
SWIM Latham Group Inc. Add +12.0% 2.16% −0.06
LAW CS Disco Inc. Add +8.0% 1.17% −0.13

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 145$284.3MMU, SWIM, SSYS, COMP, ALHC
Q1 2026 137$221.6MMU, SWIM, SSYS, FOXF, JHX
Q4 2025 125$259.5MMU, SWIM, JHX, LAW, LIND
Q3 2025 122$281.1MSWIM, JHX, TEAM, SSYS, MU
Q2 2025 119$264.7MSWIM, SSYS, UA, JHX, TEAM
Q1 2025 118$246.6MSWIM, SSYS, UA, BILL, W
Q4 2024 115$295.4MSWIM, UA, SNBRQ, SSYS, W
Q3 2024 109$291.2MSWIM, CROX, BBW, W, SNBRQ
Q2 2024 109$275.2MMU, CROX, PAGS, UCTT, SNOW
Q1 2024 112$313.0MPAGS, EVH, PLAY, UCTT, SNBRQ