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

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $313.0M Q1 2024 Q2 2024: $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 $284.3M Q2 2026

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%
RDNT Radnet Inc. 0.37% 17,176 $1.1M No change
EHC Encompass Health Corp. 0.37% 10,340 $1.0M Reduce -0.6%
CLBT Cellebrite Di Ltd. 0.36% 70,000 $1.0M Add +40.0%
RXO Rxo Inc. 0.34% 35,000 $966K Reduce -22.2%
CSGP Costar Group Inc. 0.34% 34,000 $963K No change
VSXY Victoria's Secret & Co. 0.34% 11,500 $960K New
EEFT Euronet Worldwide Inc. 0.33% 13,000 $951K No change
DXCM Dexcom Inc. 0.33% 13,744 $926K Reduce -0.8%
RNG Ringcentral Inc. Class A 0.32% 23,000 $897K No change
DLB Dolby Laboratories Inc. Class A 0.29% 15,900 $836K No change
MRX Marex UK Holdings Ltd. filed as MAREX GROUP PLC 0.29% 13,700 $835K New
PLSE Pulse Biosciences Inc. 0.29% 30,000 $832K No change
WCC Wesco International Inc. 0.28% 2,300 $794K Reduce -30.3%
QCOM Qualcomm Inc. 0.27% 4,200 $776K New
VUZI Vuzix Corp. 0.26% 250,000 $725K Add +66.7%
INSG Inseego Corp. 0.25% 70,000 $723K New
RHI Robert Half Inc. 0.24% 22,400 $688K New
SONO Sonos Inc. 0.24% 50,000 $677K Add +85.2%
IBKR Interactive Brokers Gro Class A 0.23% 7,600 $662K New
PLXS Plexus Corp. 0.23% 2,200 $661K New
OKLO Oklo Inc. 0.23% 12,567 $658K Add +65.4%
NKE Nike Inc. Class B 0.22% 15,000 $616K New
IE Ivanhoe Electric Inc. / US 0.21% 63,598 $611K Add +242.0%
EVER Everquote Inc. Class A 0.21% 25,469 $606K Reduce -36.3%
CBLL Ceribell Inc. 0.21% 31,000 $603K No change
PSN Parsons Corp. 0.21% 11,324 $593K Reduce -58.8%
ARM Arm Holdings PLC-ADR 0.20% 1,600 $567K New
TIC Tic Solutions Inc. 0.19% 67,985 $550K No change
USAR USA Rare Earth Inc. 0.19% 25,000 $540K Add +66.7%
GLXY Galaxy Digital Inc. Class A 0.18% 18,772 $513K No change
BRBR Bellring Brands Inc. 0.18% 38,845 $503K Reduce -40.2%
RAIL Freightcar America Inc. 0.17% 50,000 $487K New
ESAB Esab Corp. 0.17% 4,800 $473K New
KRUS Kura Sushi USA Inc. Class A 0.16% 7,780 $448K No change
PLMR Palomar Holdings Inc. 0.16% 3,500 $442K New
XPEL Xpel Inc. 0.15% 8,800 $436K No change
RGTI Rigetti Computing Inc. 0.15% 22,000 $425K New
ZIP Ziprecruiter Inc. Class A 0.13% 100,000 $375K Reduce -71.4%
FIGS Figs Inc. Class A 0.13% 36,500 $373K Reduce -25.5%
ARX Accelerant Holdings Class A 0.13% 31,000 $363K New
BLDR Builders Firstsource Inc. 0.13% 4,000 $358K No change
ETOR Etoro Group Ltd. Class A 0.11% 8,200 $324K New
META Meta Platforms Inc. Class A 0.10% 500 $282K No change
SUJA Suja Life Inc. Class A 0.09% 25,000 $254K New
XE X-Energy Inc. 0.06% 9,500 $174K New

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

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