Formula Growth Ltd 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Formula Growth Ltd disclosed 119 US equity positions worth $264.7m in its Q2 2025 13F filing. The largest position was SWIM at 3.2% of the reported book, followed by SSYS and UA. Against the Q1 2025 filing, it opened 1 new position, added to 16 and reduced 27 among the top 50 holdings.
What did Formula Growth Ltd own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SWIM LATHAM GROUP INC | Industrials | 3.2% | $8.4m | 1,318,033 | 15% | added |
| 2 | SSYS STRATASYS LTD | Technology | 2.8% | $7.5m | 650,000 | 3% | added |
| 3 | UA UNDER ARMOUR INC | Consumer Cyclical | 2.5% | $6.5m | 1,000,000 | 0% | held |
| 4 | JAMES HARDIE INDS PLC | 2.2% | $5.9m | 220,140 | – | new | |
| 5 | TEAM ATLASSIAN CORPORATION | Technology | 2.2% | $5.9m | 29,000 | 18% | added |
| 6 | PODD INSULET CORP | Healthcare | 2.1% | $5.5m | 17,447 | -5% | reduced |
| 7 | U UNITY SOFTWARE INC | Technology | 1.9% | $5.1m | 210,000 | 27% | added |
| 8 | BILL BILL HOLDINGS INC | Technology | 1.9% | $5.0m | 107,200 | -14% | reduced |
| 9 | LIND LINDBLAD EXPEDITIONS HLDGS I | Consumer Cyclical | 1.8% | $4.9m | 416,703 | 7% | added |
| 10 | ARCB ARCBEST CORP | Industrials | 1.8% | $4.8m | 62,133 | 25% | added |
| 11 | MU MICRON TECHNOLOGY INC | Technology | 1.8% | $4.7m | 38,000 | 0% | held |
| 12 | TTD THE TRADE DESK INC | Communication Services | 1.7% | $4.5m | 62,000 | -32% | reduced |
| 13 | DXCM DEXCOM INC | Healthcare | 1.6% | $4.1m | 47,533 | -19% | reduced |
| 14 | GENI GENIUS SPORTS LIMITED | Communication Services | 1.4% | $3.8m | 365,720 | -2% | reduced |
| 15 | CDNA CAREDX INC | Healthcare | 1.4% | $3.8m | 192,293 | 30% | added |
| 16 | RH RH | Consumer Cyclical | 1.4% | $3.7m | 19,600 | 30% | added |
| 17 | LAW CS DISCO INC | 1.4% | $3.6m | 830,000 | 4% | added | |
| 18 | TPC TUTOR PERINI CORP | Industrials | 1.4% | $3.6m | 77,409 | 168% | added |
| 19 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 1.4% | $3.6m | 62,388 | 0% | held |
| 20 | CCL CARNIVAL CORP | Consumer Cyclical | 1.3% | $3.4m | 122,323 | -22% | reduced |
| 21 | CVSA ADTALEM GLOBAL ED INC | Consumer Defensive | 1.3% | $3.4m | 26,550 | -23% | reduced |
| 22 | RBA RB GLOBAL INC | Industrials | 1.3% | $3.3m | 31,259 | -2% | reduced |
| 23 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 1.2% | $3.3m | 63,496 | 15% | added |
| 24 | PHR PHREESIA INC | Healthcare | 1.2% | $3.1m | 109,534 | -2% | reduced |
| 25 | HQY HEALTHEQUITY INC | Healthcare | 1.2% | $3.1m | 29,490 | -2% | reduced |
| 26 | ORN ORION GROUP HLDGS INC | Industrials | 1.2% | $3.1m | 338,883 | -48% | reduced |
| 27 | AEYE AUDIOEYE INC | 1.1% | $3.0m | 260,000 | 30% | added | |
| 28 | RDNT RADNET INC | Healthcare | 1.1% | $3.0m | 53,189 | -5% | reduced |
| 29 | CPRI CAPRI HOLDINGS LIMITED | Consumer Cyclical | 1.1% | $3.0m | 169,676 | 21% | added |
| 30 | EXFY EXPENSIFY INC | Technology | 1.1% | $3.0m | 1,150,000 | 15% | added |
| 31 | XPO XPO INC | Industrials | 1.1% | $2.9m | 23,000 | -12% | reduced |
| 32 | CECO CECO ENVIRONMENTAL CORP | Industrials | 1.1% | $2.9m | 102,191 | -25% | reduced |
| 33 | SSNC SS&C TECHNOLOGIES HLDGS INC | Technology | 1.1% | $2.9m | 34,725 | -8% | reduced |
| 34 | SAH SONIC AUTOMOTIVE INC | Consumer Cyclical | 1.1% | $2.9m | 35,800 | -12% | reduced |
| 35 | PAGS PAGSEGURO DIGITAL LTD | Technology | 1.1% | $2.8m | 293,820 | -53% | reduced |
| 36 | UBER UBER TECHNOLOGIES INC | Technology | 1.0% | $2.8m | 29,500 | -9% | reduced |
| 37 | CSGP COSTAR GROUP INC | Real Estate | 1.0% | $2.7m | 34,000 | 0% | held |
| 38 | ASAN ASANA INC | Technology | 1.0% | $2.7m | 200,000 | 0% | held |
| 39 | MMSI MERIT MED SYS INC | Healthcare | 1.0% | $2.6m | 27,981 | -2% | reduced |
| 40 | ALHC ALIGNMENT HEALTHCARE INC | Healthcare | 1.0% | $2.5m | 181,208 | 39% | added |
| 41 | UTI UNIVERSAL TECHNICAL INST INC | Consumer Defensive | 0.9% | $2.4m | 71,302 | -41% | reduced |
| 42 | NTRA NATERA INC | Healthcare | 0.9% | $2.4m | 14,290 | -15% | reduced |
| 43 | UTHR UNITED THERAPEUTICS CORP DEL | Healthcare | 0.9% | $2.4m | 8,237 | -2% | reduced |
| 44 | AX AXOS FINANCIAL INC | Financial Services | 0.9% | $2.3m | 30,624 | -9% | reduced |
| 45 | FN FABRINET | Technology | 0.9% | $2.3m | 7,900 | 0% | held |
| 46 | KRUS KURA SUSHI USA INC | 0.9% | $2.3m | 26,717 | -1% | reduced | |
| 47 | HCA HCA HEALTHCARE INC | Healthcare | 0.9% | $2.3m | 6,000 | -14% | reduced |
| 48 | TNDM TANDEM DIABETES CARE INC | Healthcare | 0.9% | $2.3m | 122,096 | -1% | reduced |
| 49 | IE IVANHOE ELECTRIC INC | 0.8% | $2.2m | 247,934 | 188% | added | |
| 50 | PANW PALO ALTO NETWORKS INC | Technology | 0.8% | $2.2m | 10,946 | -10% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.