Formula Growth Ltd 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Formula Growth Ltd disclosed 122 US equity positions worth $281.1m in its Q3 2025 13F filing. The largest position was SWIM at 2.7% of the reported book, followed by JHX and TEAM. Against the Q2 2025 filing, it opened 7 new positions, added to 12 and reduced 13 among the top 50 holdings.
What did Formula Growth Ltd own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | SWIM LATHAM GROUP INC | Industrials | 2.7% | $7.5m | 989,033 | -25% | reduced |
| 2 | JHX JAMES HARDIE INDS PLC | 2.6% | $7.2m | 376,840 | – | new | |
| 3 | TEAM ATLASSIAN CORPORATION | Technology | 2.3% | $6.4m | 40,000 | 38% | added |
| 4 | SSYS STRATASYS LTD | Technology | 2.3% | $6.4m | 570,000 | -12% | reduced |
| 5 | MU MICRON TECHNOLOGY INC | Technology | 2.3% | $6.4m | 38,000 | 0% | held |
| 6 | PACK RANPAK HOLDINGS CORP | 2.0% | $5.8m | 1,025,233 | 219% | added | |
| 7 | CECO CECO ENVIRONMENTAL CORP | Industrials | 1.9% | $5.4m | 105,691 | 3% | added |
| 8 | LIND LINDBLAD EXPEDITIONS HLDGS I | Consumer Cyclical | 1.9% | $5.3m | 416,703 | 0% | held |
| 9 | LAW CS DISCO INC | 1.9% | $5.3m | 820,000 | -1% | reduced | |
| 10 | BILL BILL HOLDINGS INC | Technology | 1.8% | $5.0m | 95,000 | -11% | reduced |
| 11 | VCTR VICTORY CAP HLDGS INC | Financial Services | 1.8% | $4.9m | 76,327 | 132% | added |
| 12 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 1.7% | $4.8m | 74,296 | 17% | added |
| 13 | UA UNDER ARMOUR INC | Consumer Cyclical | 1.7% | $4.8m | 1,000,000 | 0% | held |
| 14 | GLXY GALAXY DIGITAL INC. | Financial Services | 1.7% | $4.7m | 139,195 | – | new |
| 15 | ARCB ARCBEST CORP | Industrials | 1.7% | $4.7m | 66,638 | 7% | added |
| 16 | PODD INSULET CORP | Healthcare | 1.7% | $4.6m | 15,047 | -14% | reduced |
| 17 | ALHC ALIGNMENT HEALTHCARE INC | Healthcare | 1.5% | $4.3m | 248,208 | 37% | added |
| 18 | TBCH TURTLE BEACH CORP | Technology | 1.5% | $4.1m | 260,075 | 123% | added |
| 19 | CVSA ADTALEM GLOBAL ED INC | Consumer Defensive | 1.5% | $4.1m | 26,550 | 0% | held |
| 20 | MNDY MONDAY COM LTD | Technology | 1.4% | $3.9m | 20,000 | – | new |
| 21 | HQY HEALTHEQUITY INC | Healthcare | 1.4% | $3.8m | 40,590 | 38% | added |
| 22 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 1.3% | $3.8m | 62,388 | 0% | held |
| 23 | TTD THE TRADE DESK INC | Communication Services | 1.3% | $3.7m | 75,000 | 21% | added |
| 24 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 1.3% | $3.6m | 200,000 | 186% | added |
| 25 | GENI GENIUS SPORTS LIMITED | Communication Services | 1.3% | $3.5m | 285,720 | -22% | reduced |
| 26 | LAUR LAUREATE EDUCATION INC | Consumer Defensive | 1.2% | $3.5m | 111,000 | – | new |
| 27 | U UNITY SOFTWARE INC | Technology | 1.2% | $3.4m | 85,000 | -60% | reduced |
| 28 | EHC ENCOMPASS HEALTH CORP | Healthcare | 1.2% | $3.4m | 26,700 | – | new |
| 29 | RBA RB GLOBAL INC | Industrials | 1.2% | $3.4m | 31,259 | 0% | held |
| 30 | CPRI CAPRI HOLDINGS LIMITED | Consumer Cyclical | 1.2% | $3.4m | 169,676 | 0% | held |
| 31 | SSNC SS&C TECHNOLOGIES HLDGS INC | Technology | 1.1% | $3.1m | 34,725 | 0% | held |
| 32 | AEYE AUDIOEYE INC | 1.1% | $3.0m | 220,000 | -15% | reduced | |
| 33 | BTSG BRIGHTSPRING HEALTH SVCS INC | Healthcare | 1.1% | $3.0m | 101,400 | – | new |
| 34 | XPO XPO INC | Industrials | 1.1% | $3.0m | 23,000 | 0% | held |
| 35 | RDNT RADNET INC | Healthcare | 1.0% | $2.9m | 38,189 | -28% | reduced |
| 36 | UBER UBER TECHNOLOGIES INC | Technology | 1.0% | $2.9m | 29,500 | 0% | held |
| 37 | FN FABRINET | Technology | 1.0% | $2.9m | 7,900 | 0% | held |
| 38 | CSGP COSTAR GROUP INC | Real Estate | 1.0% | $2.9m | 34,000 | 0% | held |
| 39 | ORN ORION GROUP HLDGS INC | Industrials | 1.0% | $2.8m | 338,883 | 0% | held |
| 40 | CDNA CAREDX INC | Healthcare | 1.0% | $2.8m | 192,293 | 0% | held |
| 41 | COMP COMPASS INC | Real Estate | 1.0% | $2.8m | 347,300 | – | new |
| 42 | GPN GLOBAL PMTS INC | Industrials | 1.0% | $2.8m | 33,359 | 88% | added |
| 43 | CCL CARNIVAL CORP | Consumer Cyclical | 1.0% | $2.8m | 95,323 | -22% | reduced |
| 44 | RH RH | Consumer Cyclical | 1.0% | $2.8m | 13,553 | -31% | reduced |
| 45 | UTHR UNITED THERAPEUTICS CORP DEL | Healthcare | 1.0% | $2.7m | 6,550 | -20% | reduced |
| 46 | SAH SONIC AUTOMOTIVE INC | Consumer Cyclical | 1.0% | $2.7m | 35,800 | 0% | held |
| 47 | AX AXOS FINANCIAL INC | Financial Services | 0.9% | $2.6m | 30,624 | 0% | held |
| 48 | PHR PHREESIA INC | Healthcare | 0.9% | $2.6m | 109,534 | 0% | held |
| 49 | HCA HCA HEALTHCARE INC | Healthcare | 0.9% | $2.6m | 6,000 | 0% | held |
| 50 | DXCM DEXCOM INC | Healthcare | 0.9% | $2.5m | 37,533 | -21% | 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.