Q2 2026 13F · SEC CIK 1093219

Formula Growth Ltd

Hedge fundFiled 2026-08-17 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $284.3M
Reported positions: 145
Top holdings a year, 3 yrs: +14.1%
Assets under management: $343.5M

Formula Growth Ltd is a hedge fund that reported 145 positions worth $284.3M in its Q2 2026 13F, filed 2026-08-17. Its largest holdings were Micron Technology Inc (MU, 4.9%), Latham Group Inc (SWIM, 3.1%), Stratasys Ltd (SSYS, 2.6%). A portfolio copying its top holdings returned 14.1% a year over the last 3 years, against 20.4% for the S&P 500.

Formula Growth Ltd holdings largest 50 of 145 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Formula Growth Ltd 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
MUMicron Technology Inc	4.9%	3.2%	12,000	-42.9%	$13.9M
SWIMLatham Group Inc	3.1%	3.0%	1,375,082	+9.6%	$8.9M
SSYSStratasys Ltd	2.6%	2.8%	860,000	+7.5%	$7.4M
COMPCompass Inc	2.1%	1.9%	487,300	-14.1%	$6.0M
ALHCAlignment Healthcare Inc	1.9%	1.9%	221,347	-7.5%	$5.3M
CECOCeco Environmental Corp	1.8%	1.7%	55,159	-11.5%	$5.0M
JHXJames Hardie Inds PLC	1.7%	2.0%	189,765	-19.9%	$5.0M
XPOXpo Inc	1.7%	2.0%	23,000	+0.0%	$4.7M
KVYOKlaviyo Inc	1.6%	1.3%	300,000	+100.0%	$4.5M
ORNOrion Marine Group Inc Com	1.5%	1.5%	256,633	-13.8%	$4.3M
CALXCalix Inc	1.5%	0.8%	115,000	+202.6%	$4.3M
EQPTEquipmentshare Com Inc	1.5%	1.3%	214,523	+56.6%	$4.2M
FOXFFox Factory Hldg Corp	1.4%	2.1%	242,442	-13.2%	$4.1M
RYAAYRyanair Holdings PLC Sponsored	1.4%	1.6%	62,388	+0.0%	$4.0M
UUnity Software Inc Com	1.4%	1.3%	140,000	+7.7%	$4.0M
PACKRanpack Holdings Corp	1.3%	1.1%	522,055	-24.8%	$3.8M
PANWPalo Alto Networks Inc	1.3%	0.8%	10,946	+0.0%	$3.7M
MODModine Manufacturing Co	1.3%	1.4%	13,540	-7.9%	$3.6M
BTSGBrightspring Health Services I	1.2%	1.3%	50,344	-27.7%	$3.5M
ICLRIcon Plc	1.1%	—	18,692	—	$3.2M
RBARb Global Inc	1.1%	1.2%	27,604	-0.4%	$3.2M
LINDLindblad Expeditions Hldgs I	1.1%	—	111,491	—	$3.1M
CVSACovista Inc	1.1%	1.3%	25,196	-0.4%	$3.1M
UAUnder Armour Inc	1.1%	1.0%	500,000	+25.0%	$3.1M
HQYHealthequity Inc	1.1%	1.3%	34,417	-0.4%	$3.1M
SAHSonic Automotive Inc	1.1%	1.1%	35,800	+0.0%	$3.0M
LAWCs Disco Inc	1.1%	1.4%	800,000	+0.0%	$3.0M
FNFabrinet	1.1%	1.5%	5,370	-16.1%	$3.0M
AIRAar Corp	1.1%	1.0%	20,890	-0.4%	$3.0M
AXAxos Financial Inc	1.0%	1.2%	30,624	+0.0%	$3.0M
GHGuardant Health Inc	1.0%	—	19,300	—	$2.9M
UTHRUnited Therapeutics Corp Del	1.0%	1.4%	5,334	-0.4%	$2.9M
LULULululemon Athletica Inc	1.0%	1.4%	25,000	+25.0%	$2.9M
MECMayville Engr Co Inc	1.0%	0.8%	75,000	-25.0%	$2.8M
LNTHLantheus Hldgs Inc	1.0%	—	25,131	—	$2.8M
BILLBill Holdings Inc	1.0%	1.3%	75,000	+0.0%	$2.7M
NOKNokia Corp	0.9%	1.7%	200,000	-57.9%	$2.7M
EVHEvolent Health Inc	0.9%	—	485,000	—	$2.6M
CPACopa Holdings SA	0.8%	0.8%	15,500	+0.0%	$2.4M
NSPInsperity Inc Com	0.8%	0.8%	56,700	-15.0%	$2.3M
RHRh Com	0.8%	0.8%	14,000	+7.7%	$2.3M
AGYSAgilysys Inc	0.8%	—	22,000	—	$2.3M
CDNACareDx, Inc.	0.8%	—	78,026	—	$2.2M
FCFSFirstcash Holdings Inc	0.8%	0.8%	10,000	+0.0%	$2.2M
SSNCSs&c Tech Hldgs	0.8%	1.1%	34,725	+0.0%	$2.2M
TPCTutor Perini Corp Com	0.7%	1.0%	24,586	-15.1%	$2.0M
JBHTHunt J B Trans Svcs Inc	0.7%	—	7,000	—	$2.0M
MDBMongodb Inc	0.7%	1.0%	6,000	-33.3%	$2.0M
HCAHca Healthcare Inc	0.7%	1.1%	5,000	+0.0%	$1.9M
GPNGlobal Pmts Inc	0.7%	—	26,759	—	$1.9M

What Formula Growth Ltd bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

CALX Calix Inc+202.6% shares
KVYO Klaviyo Inc+100.0% shares
EQPT Equipmentshare Com Inc+56.6% shares
UA Under Armour Inc+25.0% shares
LULU Lululemon Athletica Inc+25.0% shares
SWIM Latham Group Inc+9.6% shares
U Unity Software Inc Com+7.7% shares
RH Rh Com+7.7% shares

Reduced

NOK Nokia Corp-57.9% shares
MU Micron Technology Inc-42.9% shares
MDB Mongodb Inc-33.3% shares
BTSG Brightspring Health Services I-27.7% shares
MEC Mayville Engr Co Inc-25.0% shares
PACK Ranpack Holdings Corp-24.8% shares
JHX James Hardie Inds PLC-19.9% shares
FN Fabrinet-16.1% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +28.4% /yr; S&P 500 +20.1%
3 years: +14.1% /yr; S&P 500 +20.4%
5 years: +0.3% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$284.3M	145
Q1 2026	$221.6M	137
Q4 2025	$259.5M	125
Q3 2025	$281.1M	122
Q2 2025	$264.7M	119
Q1 2025	$246.6M	118
Q4 2024	$295.4M	115
Q3 2024	$291.2M	109
Q2 2024	$275.2M	109
Q1 2024	$313.0M	112
Q4 2023	$312.1M	128
Q3 2023	$293.0M	136

Questions about Formula Growth Ltd's portfolio

What stocks does Formula Growth Ltd own?

Formula Growth Ltd's latest 13F, for Q2 2026 and filed Aug 17, 2026, lists 145 positions worth $284.3M. The largest are Micron Technology Inc (MU) at 4.9%, Latham Group Inc (SWIM) at 3.1%, Stratasys Ltd (SSYS) at 2.6%, Compass Inc (COMP) at 2.1% and Alignment Healthcare Inc (ALHC) at 1.9%.

What did Formula Growth Ltd buy last quarter?

In Q2 2026, Formula Growth Ltd added Calix Inc (CALX) (+202.6% shares), Klaviyo Inc (KVYO) (+100.0% shares) and Equipmentshare Com Inc (EQPT) (+56.6% shares), compared with its Q1 2026 filing.

What did Formula Growth Ltd sell last quarter?

In Q2 2026, Formula Growth Ltd cut from its top 50 Insulet Corp (PODD), cut from its top 50 Forgent Power Solutions Inc (FPS), cut from its top 50 Nextpower Inc (NXT), cut from its top 50 Arlo Technologies Inc Com (ARLO), cut from its top 50 Uber Technologies Inc (UBER), Nokia Corp (NOK) (-57.9% shares), Micron Technology Inc (MU) (-42.9% shares) and Mongodb Inc (MDB) (-33.3% shares), compared with its Q1 2026 filing.

How has Formula Growth Ltd's portfolio performed?

A portfolio copying Formula Growth Ltd's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.1% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +28.4% against +20.1%. Over 5 years: +0.3% a year against +11.6%.

When is Formula Growth Ltd's next 13F filing due?

13F filings are due 45 days after each quarter ends. Formula Growth Ltd's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Formula Growth Ltd manage?

Formula Growth Ltd reported $343.5M of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $284.3M.