Formula Growth Ltd 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Formula Growth Ltd disclosed 125 US equity positions worth $259.5m in its Q4 2025 13F filing. The largest position was MU at 3.5% of the reported book, followed by SWIM and JHX. Against the Q3 2025 filing, it opened 3 new positions, added to 6 and reduced 32 among the top 50 holdings.
What did Formula Growth Ltd own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | MU MICRON TECHNOLOGY INC | Technology | 3.5% | $9.1m | 32,000 | -16% | reduced |
| 2 | SWIM LATHAM GROUP INC | Industrials | 2.9% | $7.7m | 1,205,082 | 22% | added |
| 3 | JHX JAMES HARDIE INDS PLC | 2.5% | $6.4m | 306,840 | -19% | reduced | |
| 4 | LAW CS DISCO INC | 2.2% | $5.8m | 750,000 | -9% | reduced | |
| 5 | LIND LINDBLAD EXPEDITIONS HLDGS I | Consumer Cyclical | 2.2% | $5.8m | 403,591 | -3% | reduced |
| 6 | SSYS STRATASYS LTD | Technology | 2.2% | $5.7m | 660,000 | 16% | added |
| 7 | PACK RANPAK HOLDINGS CORP | 2.1% | $5.4m | 989,527 | -3% | reduced | |
| 8 | BILL BILL HOLDINGS INC | Technology | 2.0% | $5.2m | 95,000 | 0% | held |
| 9 | TEAM ATLASSIAN CORPORATION | Technology | 1.9% | $5.0m | 31,000 | -22% | reduced |
| 10 | ALHC ALIGNMENT HEALTHCARE INC | Healthcare | 1.8% | $4.7m | 239,508 | -4% | reduced |
| 11 | COMP COMPASS INC | Real Estate | 1.7% | $4.5m | 427,300 | 23% | added |
| 12 | RYAAY RYANAIR HOLDINGS PLC | Industrials | 1.7% | $4.5m | 62,388 | 0% | held |
| 13 | CECO CECO ENVIRONMENTAL CORP | Industrials | 1.6% | $4.2m | 70,720 | -33% | reduced |
| 14 | CPRI CAPRI HOLDINGS LIMITED | Consumer Cyclical | 1.5% | $4.0m | 163,376 | -4% | reduced |
| 15 | ARCB ARCBEST CORP | Industrials | 1.5% | $3.8m | 50,838 | -24% | reduced |
| 16 | HQY HEALTHEQUITY INC | Healthcare | 1.4% | $3.6m | 39,400 | -3% | reduced |
| 17 | U UNITY SOFTWARE INC | Technology | 1.4% | $3.5m | 80,000 | -6% | reduced |
| 18 | LAUR LAUREATE EDUCATION INC | Consumer Defensive | 1.3% | $3.5m | 103,298 | -7% | reduced |
| 19 | PODD INSULET CORP | Healthcare | 1.3% | $3.4m | 12,035 | -20% | reduced |
| 20 | BTSG BRIGHTSPRING HEALTH SVCS INC | Healthcare | 1.3% | $3.4m | 89,865 | -11% | reduced |
| 21 | XPO XPO INC | Industrials | 1.2% | $3.1m | 23,000 | 0% | held |
| 22 | RBA RB GLOBAL INC | Industrials | 1.2% | $3.1m | 30,263 | -3% | reduced |
| 23 | GENI GENIUS SPORTS LIMITED | Communication Services | 1.2% | $3.0m | 276,720 | -3% | reduced |
| 24 | SSNC SS&C TECHNOLOGIES HLDGS INC | Technology | 1.2% | $3.0m | 34,725 | 0% | held |
| 25 | ORN ORION GROUP HLDGS INC | Industrials | 1.2% | $3.0m | 301,296 | -11% | reduced |
| 26 | GDYN GRID DYNAMICS HLDGS INC | Technology | 1.1% | $3.0m | 328,330 | – | new |
| 27 | MNDY MONDAY COM LTD | Technology | 1.1% | $3.0m | 20,000 | 0% | held |
| 28 | FN FABRINET | Technology | 1.1% | $2.9m | 6,400 | -19% | reduced |
| 29 | UA UNDER ARMOUR INC | Consumer Cyclical | 1.1% | $2.9m | 600,000 | -40% | reduced |
| 30 | UTHR UNITED THERAPEUTICS CORP DEL | Healthcare | 1.1% | $2.7m | 5,614 | -14% | reduced |
| 31 | AEYE AUDIOEYE INC | 1.0% | $2.7m | 270,000 | 23% | added | |
| 32 | BBW BUILD-A-BEAR WORKSHOP INC | Consumer Cyclical | 1.0% | $2.7m | 43,942 | -41% | reduced |
| 33 | RH RH | Consumer Cyclical | 1.0% | $2.7m | 15,000 | 11% | added |
| 34 | AX AXOS FINANCIAL INC | Financial Services | 1.0% | $2.6m | 30,624 | 0% | held |
| 35 | CVSA ADTALEM GLOBAL ED INC | Consumer Defensive | 1.0% | $2.6m | 25,339 | -5% | reduced |
| 36 | TBCH TURTLE BEACH CORP | Technology | 1.0% | $2.5m | 180,075 | -31% | reduced |
| 37 | NTRA NATERA INC | Healthcare | 1.0% | $2.5m | 11,018 | -23% | reduced |
| 38 | ORLA MNG LTD NEW | 0.9% | $2.5m | 182,000 | – | new | |
| 39 | FSLR FIRST SOLAR INC | Technology | 0.9% | $2.4m | 9,200 | – | new |
| 40 | FOXF FOX FACTORY HLDG CORP | Consumer Cyclical | 0.9% | $2.4m | 139,206 | 199% | added |
| 41 | GPN GLOBAL PMTS INC | Industrials | 0.9% | $2.4m | 30,759 | -8% | reduced |
| 42 | HCA HCA HEALTHCARE INC | Healthcare | 0.9% | $2.3m | 5,000 | -17% | reduced |
| 43 | CSGP COSTAR GROUP INC | Real Estate | 0.9% | $2.3m | 34,000 | 0% | held |
| 44 | SAH SONIC AUTOMOTIVE INC | Consumer Cyclical | 0.9% | $2.2m | 35,800 | 0% | held |
| 45 | UBER UBER TECHNOLOGIES INC | Technology | 0.8% | $2.2m | 26,500 | -10% | reduced |
| 46 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 0.8% | $2.1m | 87,883 | -56% | reduced |
| 47 | GLXY GALAXY DIGITAL INC. | Financial Services | 0.8% | $2.1m | 94,772 | -32% | reduced |
| 48 | PANW PALO ALTO NETWORKS INC | Technology | 0.8% | $2.0m | 10,946 | 0% | held |
| 49 | VCTR VICTORY CAP HLDGS INC | Financial Services | 0.8% | $2.0m | 31,267 | -59% | reduced |
| 50 | TPC TUTOR PERINI CORP | Industrials | 0.7% | $1.9m | 29,000 | -3% | 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.