Q2 2025 · 13F-HR
FORMULA GROWTH LTDholdings as filed
Filed 2025-08-13 · accession 0001011438-25-000422
$264.7M
Reported value
119
Positions
2025-06-30
Period end
The Brief · FORMULA GROWTH LTD · Q2 2025
AI · grounded in 13F
FORMULA GROWTH LTD established a new position in LATHAM GROUP INC SWIM valued at $8.4M. The fund also initiated stakes in STRATASYS LTD SSYS for $7.5M and UNDER ARMOUR INC UA for $6.5M. Additional new positions include JAMES HARDIE INDS PLC for $5.9M and ATLASSIAN CORPORATION TEAM for $5.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 51819L107 | SWIM | LATHAM GROUP INC | $8.4M | 3.18% | 1,318,033 | Common | SOLE |
| M85548101 | SSYS | STRATASYS LTD | $7.5M | 2.82% | 650,000 | Common | SOLE |
| 904311206 | UA | UNDER ARMOUR INC | $6.5M | 2.45% | 1,000,000 | Common | SOLE |
| 47030M106 | — | JAMES HARDIE INDS PLC | $5.9M | 2.24% | 220,140 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $5.9M | 2.23% | 29,000 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $5.5M | 2.07% | 17,447 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $5.1M | 1.92% | 210,000 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $5.0M | 1.87% | 107,200 | Common | SOLE |
| 535219109 | LIND | LINDBLAD EXPEDITIONS HLDGS I | $4.9M | 1.84% | 416,703 | Common | SOLE |
| 03937C105 | ARCB | ARCBEST CORP | $4.8M | 1.81% | 62,133 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $4.7M | 1.77% | 38,000 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $4.5M | 1.69% | 62,000 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $4.1M | 1.57% | 47,533 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $3.8M | 1.44% | 365,720 | Common | SOLE |
| 14167L103 | CDNA | CAREDX INC | $3.8M | 1.42% | 192,293 | Common | SOLE |
| 74967X103 | RH | RH | $3.7M | 1.40% | 19,600 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $3.6M | 1.37% | 830,000 | Common | SOLE |
| 901109108 | TPC | TUTOR PERINI CORP | $3.6M | 1.37% | 77,409 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $3.6M | 1.36% | 62,388 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $3.4M | 1.30% | 122,323 | Common | SOLE |
| 00737L103 | CVSA | ADTALEM GLOBAL ED INC | $3.4M | 1.28% | 26,550 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $3.3M | 1.25% | 31,259 | Common | SOLE |
| 120076104 | BBW | BUILD-A-BEAR WORKSHOP INC | $3.3M | 1.24% | 63,496 | Common | SOLE |
| 71944F106 | PHR | PHREESIA INC | $3.1M | 1.18% | 109,534 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $3.1M | 1.17% | 29,490 | Common | SOLE |
| 68628V308 | ORN | ORION GROUP HLDGS INC | $3.1M | 1.16% | 338,883 | Common | SOLE |
| 050734201 | AEYE | AUDIOEYE INC | $3.0M | 1.14% | 260,000 | Common | SOLE |
| 750491102 | RDNT | RADNET INC | $3.0M | 1.14% | 53,189 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $3.0M | 1.13% | 169,676 | Common | SOLE |
| 30219Q106 | EXFY | EXPENSIFY INC | $3.0M | 1.13% | 1,150,000 | Common | SOLE |
| 983793100 | XPO | XPO INC | $2.9M | 1.10% | 23,000 | Common | SOLE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $2.9M | 1.09% | 102,191 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $2.9M | 1.09% | 34,725 | Common | SOLE |
| 83545G102 | SAH | SONIC AUTOMOTIVE INC | $2.9M | 1.08% | 35,800 | Common | SOLE |
| G68707101 | PAGS | PAGSEGURO DIGITAL LTD | $2.8M | 1.07% | 293,820 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $2.8M | 1.04% | 29,500 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $2.7M | 1.03% | 34,000 | Common | SOLE |
| 04342Y104 | ASAN | ASANA INC | $2.7M | 1.02% | 200,000 | Common | SOLE |
| 589889104 | MMSI | MERIT MED SYS INC | $2.6M | 0.99% | 27,981 | Common | SOLE |
| 01625V104 | ALHC | ALIGNMENT HEALTHCARE INC | $2.5M | 0.96% | 181,208 | Common | SOLE |
| 913915104 | UTI | UNIVERSAL TECHNICAL INST INC | $2.4M | 0.91% | 71,302 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $2.4M | 0.91% | 14,290 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $2.4M | 0.89% | 8,237 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL INC | $2.3M | 0.88% | 30,624 | Common | SOLE |
| G3323L100 | FN | FABRINET | $2.3M | 0.88% | 7,900 | Common | SOLE |
| 501270102 | KRUS | KURA SUSHI USA INC | $2.3M | 0.87% | 26,717 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $2.3M | 0.87% | 6,000 | Common | SOLE |
| 875372203 | TNDM | TANDEM DIABETES CARE INC | $2.3M | 0.86% | 122,096 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $2.2M | 0.85% | 247,934 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $2.2M | 0.85% | 10,946 | Common | SOLE |
| 03980N107 | ARDT | ARDENT HEALTH INC | $2.2M | 0.83% | 159,989 | Common | SOLE |
| 516544103 | LNTH | LANTHEUS HLDGS INC | $2.1M | 0.81% | 26,069 | Common | SOLE |
| M8740S227 | TATT | TAT TECHNOLOGIES LTD | $2.1M | 0.81% | 69,813 | Common | SOLE |
| 92645B103 | VCTR | VICTORY CAP HLDGS INC | $2.1M | 0.79% | 32,922 | Common | SOLE |
| 09263B207 | BKSY | BLACKSKY TECHNOLOGY INC | $2.0M | 0.77% | 98,477 | Common | SOLE |
| 147448104 | CWST | CASELLA WASTE SYS INC | $2.0M | 0.74% | 17,053 | Common | SOLE |
| 957638109 | WAL | WESTERN ALLIANCE BANCORP | $1.9M | 0.71% | 24,264 | Common | SOLE |
| 256677105 | DG | DOLLAR GEN CORP NEW | $1.8M | 0.70% | 16,100 | Common | SOLE |
| 876030107 | TPR | TAPESTRY INC | $1.8M | 0.69% | 20,718 | Common | SOLE |
| 71377E105 | PFMTUSD | PERFORMANT HEALTHCARE INC | $1.8M | 0.68% | 452,500 | Common | SOLE |
| 01881G106 | AB | ALLIANCEBERNSTEIN HLDG L P | $1.8M | 0.66% | 43,090 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $1.7M | 0.66% | 14,000 | Common | SOLE |
| 82452J109 | FOUR | SHIFT4 PMTS INC | $1.7M | 0.65% | 17,326 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $1.7M | 0.64% | 15,500 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $1.7M | 0.63% | 34,000 | Common | SOLE |
| 900450206 | TBCH | TURTLE BEACH CORP | $1.6M | 0.61% | 116,670 | Common | SOLE |
| 248356107 | DNN | DENISON MINES CORP | $1.6M | 0.60% | 868,725 | Common | SOLE |
| 74346Y103 | PRO | PROS HOLDINGS INC | $1.6M | 0.59% | 100,000 | Common | SOLE |
| 501889208 | LKQ | LKQ CORP | $1.6M | 0.59% | 42,300 | Common | SOLE |
| 83125X103 | SNBR | SLEEP NUMBER CORP | $1.5M | 0.58% | 228,093 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $1.5M | 0.58% | 70,000 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $1.5M | 0.58% | 29,783 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $1.5M | 0.57% | 4,827 | Common | SOLE |
| 436893200 | HOMB | HOME BANCSHARES INC | $1.5M | 0.56% | 51,912 | Common | SOLE |
| G61188127 | LBTYK | LIBERTY GLOBAL LTD | $1.5M | 0.56% | 142,702 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $1.4M | 0.55% | 8,353 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $1.4M | 0.54% | 240,918 | Common | SOLE |
| 37940X102 | GPN | GLOBAL PMTS INC | $1.4M | 0.54% | 17,714 | Common | SOLE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $1.4M | 0.53% | 39,050 | Common | SOLE |
| 62945V109 | NVEEUSD | NV5 GLOBAL INC | $1.4M | 0.51% | 59,000 | Common | SOLE |
| 33768G107 | FCFS | FIRSTCASH HOLDINGS INC | $1.4M | 0.51% | 10,000 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $1.3M | 0.51% | 18,119 | Common | SOLE |
| 497266106 | KEX | KIRBY CORP | $1.3M | 0.50% | 11,745 | Common | SOLE |
| 43289P106 | HIMX | HIMAX TECHNOLOGIES INC | $1.3M | 0.50% | 149,093 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $1.3M | 0.50% | 13,000 | Common | SOLE |
| 867975104 | SNREN | SUNRISE COMMUNICATIONS AG | $1.3M | 0.48% | 22,540 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $1.2M | 0.46% | 7,750 | Common | SOLE |
| 92840M102 | VST | VISTRA CORP | $1.2M | 0.46% | 6,220 | Common | SOLE |
| 96208T104 | WEX | WEX INC | $1.2M | 0.46% | 8,200 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $1.2M | 0.45% | 5,000 | Common | SOLE |
| 25659T107 | DLB | DOLBY LABORATORIES INC | $1.2M | 0.45% | 15,900 | Common | SOLE |
| 24869P104 | DENN | DENNYS CORP | $1.2M | 0.45% | 287,885 | Common | SOLE |
| 69553P100 | PD | PAGERDUTY INC | $1.1M | 0.43% | 75,000 | Common | SOLE |
| 75321W103 | PACK | RANPAK HOLDINGS CORP | $1.1M | 0.43% | 320,933 | Common | SOLE |
| 92346J108 | VCEL | VERICEL CORP | $1.1M | 0.42% | 25,824 | Common | SOLE |
| 39874R101 | GO | GROCERY OUTLET HLDG CORP | $1.1M | 0.41% | 87,256 | Common | SOLE |
| 445658107 | JBHT | HUNT J B TRANS SVCS INC | $1.0M | 0.38% | 7,000 | Common | SOLE |
| 98422X101 | XPOF | XPONENTIAL FITNESS INC | $963,162 | 0.36% | 128,593 | Common | SOLE |
| 52736R102 | LEVI | LEVI STRAUSS & CO NEW | $874,300 | 0.33% | 47,285 | Common | SOLE |
| 918204108 | VFC | V F CORP | $816,778 | 0.31% | 69,513 | Common | SOLE |
| M84137104 | SMWB | SIMILARWEB LTD | $784,000 | 0.30% | 100,000 | Common | SOLE |
| 76674Q107 | RMNI | RIMINI STR INC DEL | $754,000 | 0.28% | 200,000 | Common | SOLE |
| 92337F107 | VCYT | VERACYTE INC | $729,810 | 0.28% | 27,000 | Common | SOLE |
| 74982T103 | RXO | RXO INC | $707,400 | 0.27% | 45,000 | Common | SOLE |
| 49456W105 | KLC | KINDERCARE LEARNING COMPANIE | $703,637 | 0.27% | 69,667 | Common | SOLE |
| 81686C104 | 628 | SEMRUSH HLDGS INC | $678,750 | 0.26% | 75,000 | Common | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $621,652 | 0.23% | 23,965 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $617,476 | 0.23% | 10,659 | Common | SOLE |
| 077347300 | BELFB | BEL FUSE INC | $586,140 | 0.22% | 6,000 | Common | SOLE |
| 521865204 | LEA | LEAR CORP | $548,699 | 0.21% | 5,777 | Common | SOLE |
| 13100M509 | CALX | CALIX INC | $531,900 | 0.20% | 10,000 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $531,100 | 0.20% | 11,300 | Common | SOLE |
| 76680R206 | RNG | RINGCENTRAL INC | $483,679 | 0.18% | 17,061 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $466,760 | 0.18% | 4,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $369,045 | 0.14% | 500 | Common | SOLE |
| 832696405 | SJM | SMUCKER J M CO | $292,734 | 0.11% | 2,981 | Common | SOLE |
| 156492100 | CNTY | CENTURY CASINOS INC | $289,008 | 0.11% | 136,647 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $222,565 | 0.08% | 22,058 | Common | SOLE |
| 69753M105 | PLMR | PALOMAR HLDGS INC | $193,430 | 0.07% | 1,254 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.