Formula Growth
MONTREAL, A8files as FORMULA GROWTH LTD
$284m in 145 US stocks at the end of 30 June 2026. The top 10 are 22.8% of the money. It changed about 21.4% of the portfolio this quarter.
Value
$284m
Stocks
145
Top 10 share
22.8%
Turnover
21.4%
What changed this quarter
New
Bought for the first time this quarter.
- Guardant HealthGH1.0% of the fund
- Ultra Clean HoldingsUCTT0.6% of the fund
- Everus Construction GroupECG0.6% of the fund
- Starling OncologySTLN0.6% of the fund
- LifeStance Health GroupLFST0.5% of the fund
- Lumentum HoldingsLITE0.5% of the fund
- ServiceNowNOW0.5% of the fund
- ImpinjPI0.5% of the fund
- Silicon Motion TechnologySIMO0.4% of the fund
- Planet FitnessPLNT0.4% of the fund
- AevexAVEX0.4% of the fund
- Trulieve CannabisTRLV0.4% of the fund
- TelesatTSAT0.4% of the fund
- KopinKOPN0.4% of the fund
- SandiskSNDK0.4% of the fund
- Victoria's SecretVSXY0.3% of the fund
- Marex GroupMRX0.3% of the fund
- QualcommQCOM0.3% of the fund
- InseegoINSG0.3% of the fund
- Robert HalfRHI0.2% of the fund
- Interactive Brokers GroupIBKR0.2% of the fund
- PlexusPLXS0.2% of the fund
- NikeNKE0.2% of the fund
- ARM HoldingsARM0.2% of the fund
- FreightCar AmericaRAIL0.2% of the fund
Added
Bought more of a stock they already held.
- Latham GroupSWIM3.1% of the fund+10%
- StratasysSSYS2.6% of the fund+8%
- KlaviyoKVYO1.6% of the fund+100%
- CalixCALX1.5% of the fund+203%
- EquipmentShare.comEQPT1.5% of the fund+57%
- Unity SoftwareU1.4% of the fund+8%
- IconICLR1.1% of the fund+167%
- Lindblad Expeditions HoldingsLIND1.1% of the fund+101%
- Under ArmourUA1.1% of the fund+25%
- lululemon athleticaLULU1.0% of the fund+25%
- Lantheus HoldingsLNTH1.0% of the fund+57%
- Evolent HealthEVH0.9% of the fund+126%
- RHRH0.8% of the fund+8%
- AgilysysAGYS0.8% of the fund+83%
- Global PaymentsGPN0.7% of the fund+110%
- Build-A-Bear WorkshopBBW0.7% of the fund+78%
- AirbnbABNB0.6% of the fund+20%
- Turtle BeachTBCH0.6% of the fund+139%
- Apollo Global ManagementAPO0.6% of the fund+62%
- Expedia GroupEXPE0.4% of the fund+56%
- PagerDutyPD0.4% of the fund+25%
- Postal Realty TrustPSTL0.4% of the fund+181%
- Cellebrite DICLBT0.4% of the fund+40%
- VuzixVUZI0.3% of the fund+67%
- SonosSONO0.2% of the fund+85%
Cut
Sold some of their stake.
- Micron TechnologyMU4.9% of the fund-43%
- CompassCOMP2.1% of the fund-14%
- Alignment HealthcareALHC1.9% of the fund-7%
- Ceco EnvironmentalCECO1.8% of the fund-12%
- James Hardie IndustriesJHX1.7% of the fund-20%
- Orion Group HoldingsORN1.5% of the fund-14%
- Fox Factory HoldingFOXF1.4% of the fund-13%
- Ranpak HoldingsPACK1.3% of the fund-25%
- Modine ManufacturingMOD1.3% of the fund-8%
- BrightSpring Health ServicesBTSG1.2% of the fund-28%
- FabrinetFN1.1% of the fund-16%
- Mayville Engineering CompanyMEC1.0% of the fund-25%
- NokiaNOK0.9% of the fund-58%
- InsperityNSP0.8% of the fund-15%
- Tutor PeriniTPC0.7% of the fund-15%
- MongoDBMDB0.7% of the fund-33%
- TwilioTWLO0.7% of the fund-16%
- NextpowerNXT0.6% of the fund-17%
- Forgent Power SolutionsFPS0.6% of the fund-63%
- RXORXO0.3% of the fund-22%
- Wesco InternationalWCC0.3% of the fund-30%
- EverQuoteEVER0.2% of the fund-36%
- ParsonsPSN0.2% of the fund-59%
- Bellring BrandsBRBR0.2% of the fund-40%
- ZiprecruiterZIP0.1% of the fund-71%
Sold out
Sold their entire stake.
- NavanNAVN-100%
- ArcbestARCB-100%
- InsmedINSM-100%
- WorkdayWDAY-100%
- Orla MNG LTD NewORLA-100%
- Castle BiosciencesCSTL-100%
- Construction PartnersROAD-100%
- On Holding AGONON-100%
- National Vision HoldingsEYE-100%
- HubspotHUBS-100%
- Hycroft Mining HoldingHYMC-100%
- Thomson Reuters-100%
- TargetTGT-100%
- OktaOKTA-100%
- GlobantGLOB-100%
- Energy Services of AmericaESOA-100%
- HolleyHLLY-100%
- Vital FarmsVITL-100%
- Vail ResortsMTN-100%
- International Money ExpressIMXI-100%
- Savers Value VillageSVV-100%
- Banc of CaliforniaBANC-100%
- TriSalus Life SciencesTLSI-100%
- MDA SpaceMDA-100%
Holdings
- Ryanair HoldingsRYAAY
- Share
- 1.4%
- Value
- $4m
- Shares
- 62,388
Held
- NokiaNOK
- Share
- 0.9%
- Value
- $3m
- Shares
- 200,000
-58%
- Silicon Motion TechnologySIMO
- Share
- 0.4%
- Value
- $1m
- Shares
- 3,800
New
- AevexAVEX
- Share
- 0.4%
- Value
- $1m
- Shares
- 59,000
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Micron TechnologyMU | 4.9% | $14m | 12,000 | -43% |
| Latham GroupSWIM | 3.1% | $9m | 1,375,082 | +10% |
| StratasysSSYS | 2.6% | $7m | 860,000 | +8% |
| CompassCOMP | 2.1% | $6m | 487,300 | -14% |
| Alignment HealthcareALHC | 1.9% | $5m | 221,347 | -7% |
| Ceco EnvironmentalCECO | 1.8% | $5m | 55,159 | -12% |
| James Hardie IndustriesJHX | 1.7% | $5m | 189,765 | -20% |
| XPOXPO | 1.7% | $5m | 23,000 | Held |
| KlaviyoKVYO | 1.6% | $5m | 300,000 | +100% |
| Orion Group HoldingsORN | 1.5% | $4m | 256,633 | -14% |
| CalixCALX | 1.5% | $4m | 115,000 | +203% |
| EquipmentShare.comEQPT | 1.5% | $4m | 214,523 | +57% |
| Fox Factory HoldingFOXF | 1.4% | $4m | 242,442 | -13% |
| Ryanair HoldingsRYAAY | 1.4% | $4m | 62,388 | Held |
| Unity SoftwareU | 1.4% | $4m | 140,000 | +8% |
| Ranpak HoldingsPACK | 1.3% | $4m | 522,055 | -25% |
| Palo Alto NetworksPANW | 1.3% | $4m | 10,946 | Held |
| Modine ManufacturingMOD | 1.3% | $4m | 13,540 | -8% |
| BrightSpring Health ServicesBTSG | 1.2% | $4m | 50,344 | -28% |
| IconICLR | 1.1% | $3m | 18,692 | +167% |
| RB GlobalRBA | 1.1% | $3m | 27,604 | Held |
| Lindblad Expeditions HoldingsLIND | 1.1% | $3m | 111,491 | +101% |
| CovistaCVSA | 1.1% | $3m | 25,196 | Held |
| Under ArmourUA | 1.1% | $3m | 500,000 | +25% |
| HealthequityHQY | 1.1% | $3m | 34,417 | Held |
| Sonic AutomotiveSAH | 1.1% | $3m | 35,800 | Held |
| CS DiscoLAW | 1.1% | $3m | 800,000 | Held |
| FabrinetFN | 1.1% | $3m | 5,370 | -16% |
| AARAIR | 1.1% | $3m | 20,890 | Held |
| Axos FinancialAX | 1.0% | $3m | 30,624 | Held |
| Guardant HealthGH | 1.0% | $3m | 19,300 | New |
| United TherapeuticsUTHR | 1.0% | $3m | 5,334 | Held |
| lululemon athleticaLULU | 1.0% | $3m | 25,000 | +25% |
| Mayville Engineering CompanyMEC | 1.0% | $3m | 75,000 | -25% |
| Lantheus HoldingsLNTH | 1.0% | $3m | 25,131 | +57% |
| BILL HoldingsBILL | 1.0% | $3m | 75,000 | Held |
| NokiaNOK | 0.9% | $3m | 200,000 | -58% |
| Evolent HealthEVH | 0.9% | $3m | 485,000 | +126% |
| Copa HoldingsCPA | 0.8% | $2m | 15,500 | Held |
| InsperityNSP | 0.8% | $2m | 56,700 | -15% |
| RHRH | 0.8% | $2m | 14,000 | +8% |
| AgilysysAGYS | 0.8% | $2m | 22,000 | +83% |
| CareDxCDNA | 0.8% | $2m | 78,026 | Held |
| FirstCash HoldingsFCFS | 0.8% | $2m | 10,000 | Held |
| SS&C Technologies HoldingsSSNC | 0.8% | $2m | 34,725 | Held |
| Tutor PeriniTPC | 0.7% | $2m | 24,586 | -15% |
| Hunt J B Transport ServicesJBHT | 0.7% | $2m | 7,000 | Held |
| MongoDBMDB | 0.7% | $2m | 6,000 | -33% |
| HCA HealthcareHCA | 0.7% | $2m | 5,000 | Held |
| Global PaymentsGPN | 0.7% | $2m | 26,759 | +110% |
| Laureate EducationLAUR | 0.7% | $2m | 52,977 | Held |
| Build-A-Bear WorkshopBBW | 0.7% | $2m | 62,642 | +78% |
| Uber TechnologiesUBER | 0.7% | $2m | 26,500 | Held |
| Arlo TechnologiesARLO | 0.7% | $2m | 140,000 | Held |
| TwilioTWLO | 0.7% | $2m | 9,000 | -16% |
| NextpowerNXT | 0.6% | $2m | 15,481 | -17% |
| InsuletPODD | 0.6% | $2m | 11,991 | Held |
| GXO LogisticsGXO | 0.6% | $2m | 34,000 | Held |
| AirbnbABNB | 0.6% | $2m | 12,000 | +20% |
| VeradermicsMANE | 0.6% | $2m | 13,923 | Held |
| Ultra Clean HoldingsUCTT | 0.6% | $2m | 11,900 | New |
| Forgent Power SolutionsFPS | 0.6% | $2m | 30,335 | -63% |
| Genius SportsGENI | 0.6% | $2m | 275,187 | Held |
| Casella Waste SystemsCWST | 0.6% | $2m | 17,053 | Held |
| Everus Construction GroupECG | 0.6% | $2m | 9,951 | New |
| Turtle BeachTBCH | 0.6% | $2m | 131,426 | +139% |
| Apollo Global ManagementAPO | 0.6% | $2m | 13,800 | +62% |
| Starling OncologySTLN | 0.6% | $2m | 300,000 | New |
| KirbyKEX | 0.6% | $2m | 11,745 | Held |
| Profound MedicalPROF | 0.6% | $2m | 240,088 | Held |
| VeracyteVCYT | 0.6% | $2m | 27,000 | Held |
| Liberty GlobalLBTYK | 0.6% | $2m | 142,702 | Held |
| ExpensifyEXFY | 0.6% | $2m | 875,000 | Held |
| LifeStance Health GroupLFST | 0.5% | $2m | 145,000 | New |
| TAT TechnologiesTATT | 0.5% | $1m | 30,801 | Held |
| Home BancsharesHOMB | 0.5% | $1m | 51,912 | Held |
| Lumentum HoldingsLITE | 0.5% | $1m | 1,700 | New |
| First SolarFSLR | 0.5% | $1m | 6,072 | Held |
| Grid Dynamics HoldingsGDYN | 0.5% | $1m | 251,896 | Held |
| AtlassianTEAM | 0.5% | $1m | 18,000 | Held |
| ServiceNowNOW | 0.5% | $1m | 14,000 | New |
| ImpinjPI | 0.5% | $1m | 9,500 | New |
| Silicon Motion TechnologySIMO | 0.4% | $1m | 3,800 | New |
| Planet FitnessPLNT | 0.4% | $1m | 24,000 | New |
| AevexAVEX | 0.4% | $1m | 59,000 | New |
| Expedia GroupEXPE | 0.4% | $1m | 4,760 | +56% |
| PagerDutyPD | 0.4% | $1m | 125,000 | +25% |
| Trulieve CannabisTRLV | 0.4% | $1m | 120,000 | New |
| AudioeyeAEYE | 0.4% | $1m | 200,000 | Held |
| TelesatTSAT | 0.4% | $1m | 22,873 | New |
| WEXWEX | 0.4% | $1m | 8,200 | Held |
| CimpressCMPR | 0.4% | $1m | 11,300 | Held |
| VericelVCEL | 0.4% | $1m | 25,824 | Held |
| Victory Capital HoldingsVCTR | 0.4% | $1m | 13,426 | Held |
| Tetra TechTTEK | 0.4% | $1m | 39,050 | Held |
| KopinKOPN | 0.4% | $1m | 250,000 | New |
| LKQLKQ | 0.4% | $1m | 42,300 | Held |
| Postal Realty TrustPSTL | 0.4% | $1m | 45,000 | +181% |
| SandiskSNDK | 0.4% | $1m | 480 | New |
| Tandem Diabetes CareTNDM | 0.4% | $1m | 70,304 | Held |
Showing the largest 100 of 145.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 7.4% since 30 June 2025.
Where the money is
Technology31.0%
Industrials19.9%
Health care14.2%
Retail & consumer12.8%
Financial services7.7%
Materials6.6%
Real estate2.8%
Media & telecom2.6%
Utilities0.8%
Everyday goods0.3%
Other1.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.