Filed: 11/13/2025ACC: 0001011438-25-000530
📋 What this filing means
FORMULA GROWTH LTD filed this quarterly 13F‑HR report disclosing 122 equity positions with a total reported market value of $281.08M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
122
Positions
$281.08M
Total AUM (reported)
14.17M
Total Shares
Allocation by class
COM$158.70M56.5%
CL A$34.88M12.4%
COM CL A$20.52M7.3%
SHS$17.89M6.4%
COM NEW$10.90M3.9%
ORD SHS$7.24M2.6%
COMMON STOCK$6.38M2.3%
Portfolio Concentration
Top 3$21.15M7.5%
4–10$39.58M14.1%
11–25$63.49M22.6%
Rest$156.86M55.8%
Top 3 weight
7.5%
Top 10 weight
21.6%
Voting Authority Distribution
Total shares with voting rights: 14.17M
Sole
Full voting authority
14.17M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole122
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings122
Rows:
LATHAM GROUP INC
SOLEShares989.03K
TypeSH
Market value$7.53M
2.68%
Sole
989.03K
Shared
0.00
None
0.00
JAMES HARDIE INDS PLC
SOLEShares376.84K
TypeSH
Market value$7.24M
2.58%
Sole
376.84K
Shared
0.00
None
0.00
ATLASSIAN CORPORATION
SOLEShares40K
TypeSH
Market value$6.39M
2.27%
Sole
40K
Shared
0.00
None
0.00
STRATASYS LTD
SOLEShares570K
TypeSH
Market value$6.38M
2.27%
Sole
570K
Shared
0.00
None
0.00
MICRON TECHNOLOGY INC
SOLEShares38K
TypeSH
Market value$6.36M
2.26%
Sole
38K
Shared
0.00
None
0.00
RANPAK HOLDINGS CORP
SOLEShares1.03M
TypeSH
Market value$5.76M
2.05%
Sole
1.03M
Shared
0.00
None
0.00
CECO ENVIRONMENTAL CORP
SOLEShares105.69K
TypeSH
Market value$5.41M
1.93%
Sole
105.69K
Shared
0.00
None
0.00
LINDBLAD EXPEDITIONS HLDGS I
SOLEShares416.70K
TypeSH
Market value$5.33M
1.90%
Sole
416.70K
Shared
0.00
None
0.00
CS DISCO INC
SOLEShares820K
TypeSH
Market value$5.30M
1.88%
Sole
820K
Shared
0.00
None
0.00
BILL HOLDINGS INC
SOLEShares95K
TypeSH
Market value$5.03M
1.79%
Sole
95K
Shared
0.00
None
0.00
VICTORY CAP HLDGS INC
SOLEShares76.33K
TypeSH
Market value$4.94M
1.76%
Sole
76.33K
Shared
0.00
None
0.00
BUILD-A-BEAR WORKSHOP INC
SOLEShares74.30K
TypeSH
Market value$4.84M
1.72%
Sole
74.30K
Shared
0.00
None
0.00
UNDER ARMOUR INC
SOLEShares1M
TypeSH
Market value$4.83M
1.72%
Sole
1M
Shared
0.00
None
0.00
GALAXY DIGITAL INC.
SOLEShares139.19K
TypeSH
Market value$4.71M
1.67%
Sole
139.19K
Shared
0.00
None
0.00
ARCBEST CORP
SOLEShares66.64K
TypeSH
Market value$4.66M
1.66%
Sole
66.64K
Shared
0.00
None
0.00
INSULET CORP
SOLEShares15.05K
TypeSH
Market value$4.65M
1.65%
Sole
15.05K
Shared
0.00
None
0.00
ALIGNMENT HEALTHCARE INC
SOLEShares248.21K
TypeSH
Market value$4.33M
1.54%
Sole
248.21K
Shared
0.00
None
0.00
TURTLE BEACH CORP
SOLEShares260.07K
TypeSH
Market value$4.14M
1.47%
Sole
260.07K
Shared
0.00
None
0.00
ADTALEM GLOBAL ED INC
SOLEShares26.55K
TypeSH
Market value$4.10M
1.46%
Sole
26.55K
Shared
0.00
None
0.00
MONDAY COM LTD
SOLEShares20K
TypeSH
Market value$3.87M
1.38%
Sole
20K
Shared
0.00
None
0.00
HEALTHEQUITY INC
SOLEShares40.59K
TypeSH
Market value$3.85M
1.37%
Sole
40.59K
Shared
0.00
None
0.00
RYANAIR HOLDINGS PLC
SOLEShares62.39K
TypeSH
Market value$3.76M
1.34%
Sole
62.39K
Shared
0.00
None
0.00
THE TRADE DESK INC
SOLEShares75K
TypeSH
Market value$3.68M
1.31%
Sole
75K
Shared
0.00
None
0.00
CLEARWATER ANALYTICS HLDGS I
SOLEShares200K
TypeSH
Market value$3.60M
1.28%
Sole
200K
Shared
0.00
None
0.00
GENIUS SPORTS LIMITED
SOLEShares285.72K
TypeSH
Market value$3.54M
1.26%
Sole
285.72K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
LATHAM GROUP INCSOLE | COM | 989.03K | SH | $7.53M 2.68% | 989.03K | 0.00 | 0.00 |
JAMES HARDIE INDS PLCSOLE | ORD SHS | 376.84K | SH | $7.24M 2.58% | 376.84K | 0.00 | 0.00 |
ATLASSIAN CORPORATIONSOLE | CL A | 40K | SH | $6.39M 2.27% | 40K | 0.00 | 0.00 |
STRATASYS LTDSOLE | SHS | 570K | SH | $6.38M 2.27% | 570K | 0.00 | 0.00 |
MICRON TECHNOLOGY INCSOLE | COM | 38K | SH | $6.36M 2.26% | 38K | 0.00 | 0.00 |
RANPAK HOLDINGS CORPSOLE | COM CL A | 1.03M | SH | $5.76M 2.05% | 1.03M | 0.00 | 0.00 |
CECO ENVIRONMENTAL CORPSOLE | COM | 105.69K | SH | $5.41M 1.93% | 105.69K | 0.00 | 0.00 |
LINDBLAD EXPEDITIONS HLDGS ISOLE | COM | 416.70K | SH | $5.33M 1.90% | 416.70K | 0.00 | 0.00 |
CS DISCO INCSOLE | COM | 820K | SH | $5.30M 1.88% | 820K | 0.00 | 0.00 |
BILL HOLDINGS INCSOLE | COM | 95K | SH | $5.03M 1.79% | 95K | 0.00 | 0.00 |
VICTORY CAP HLDGS INCSOLE | COM CL A | 76.33K | SH | $4.94M 1.76% | 76.33K | 0.00 | 0.00 |
BUILD-A-BEAR WORKSHOP INCSOLE | COM | 74.30K | SH | $4.84M 1.72% | 74.30K | 0.00 | 0.00 |
UNDER ARMOUR INCSOLE | CL C | 1M | SH | $4.83M 1.72% | 1M | 0.00 | 0.00 |
GALAXY DIGITAL INC.SOLE | CL A | 139.19K | SH | $4.71M 1.67% | 139.19K | 0.00 | 0.00 |
ARCBEST CORPSOLE | COM | 66.64K | SH | $4.66M 1.66% | 66.64K | 0.00 | 0.00 |
INSULET CORPSOLE | COM | 15.05K | SH | $4.65M 1.65% | 15.05K | 0.00 | 0.00 |
ALIGNMENT HEALTHCARE INCSOLE | COM | 248.21K | SH | $4.33M 1.54% | 248.21K | 0.00 | 0.00 |
TURTLE BEACH CORPSOLE | COM NEW | 260.07K | SH | $4.14M 1.47% | 260.07K | 0.00 | 0.00 |
ADTALEM GLOBAL ED INCSOLE | COM | 26.55K | SH | $4.10M 1.46% | 26.55K | 0.00 | 0.00 |
MONDAY COM LTDSOLE | SHS | 20K | SH | $3.87M 1.38% | 20K | 0.00 | 0.00 |
HEALTHEQUITY INCSOLE | COM | 40.59K | SH | $3.85M 1.37% | 40.59K | 0.00 | 0.00 |
RYANAIR HOLDINGS PLCSOLE | SPONSORED ADS | 62.39K | SH | $3.76M 1.34% | 62.39K | 0.00 | 0.00 |
THE TRADE DESK INCSOLE | COM CL A | 75K | SH | $3.68M 1.31% | 75K | 0.00 | 0.00 |
CLEARWATER ANALYTICS HLDGS ISOLE | CL A | 200K | SH | $3.60M 1.28% | 200K | 0.00 | 0.00 |
GENIUS SPORTS LIMITEDSOLE | SHARES CL A | 285.72K | SH | $3.54M 1.26% | 285.72K | 0.00 | 0.00 |
Page 1 of 5
…