Q4 2025 · 13F-HR
FORMULA GROWTH LTDholdings as filed
Filed 2026-02-13 · accession 0001011438-26-000104
$259.5M
Reported value
125
Positions
2025-12-31
Period end
The Brief · FORMULA GROWTH LTD · Q4 2025
AI · grounded in 13F
FORMULA GROWTH LTD established a new position in GDYN worth $2.96M. The fund also opened new stakes in ORLA for $2.45M and FSLR for $2.40M. On the sell side, the fund closed its entire position in CCL1EUR, reducing its holdings by $2.76M, and exited PHR for $2.58M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 595112103 | MU | MICRON TECHNOLOGY INC | $9.1M | 3.52% | 32,000 | Common | SOLE |
| 51819L107 | SWIM | LATHAM GROUP INC | $7.7M | 2.95% | 1,205,082 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $6.4M | 2.45% | 306,840 | Common | SOLE |
| 126327105 | LAW | CS DISCO INC | $5.8M | 2.24% | 750,000 | Common | SOLE |
| 535219109 | LIND | LINDBLAD EXPEDITIONS HLDGS I | $5.8M | 2.24% | 403,591 | Common | SOLE |
| M85548101 | SSYS | STRATASYS LTD | $5.7M | 2.21% | 660,000 | Common | SOLE |
| 75321W103 | PACK | RANPAK HOLDINGS CORP | $5.4M | 2.06% | 989,527 | Common | SOLE |
| 090043100 | BILL | BILL HOLDINGS INC | $5.2M | 2.00% | 95,000 | Common | SOLE |
| 049468101 | TEAM | ATLASSIAN CORPORATION | $5.0M | 1.94% | 31,000 | Common | SOLE |
| 01625V104 | ALHC | ALIGNMENT HEALTHCARE INC | $4.7M | 1.82% | 239,508 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $4.5M | 1.74% | 427,300 | Common | SOLE |
| 783513203 | RYAAY | RYANAIR HOLDINGS PLC | $4.5M | 1.74% | 62,388 | Common | SOLE |
| 125141101 | CECO | CECO ENVIRONMENTAL CORP | $4.2M | 1.63% | 70,720 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $4.0M | 1.54% | 163,376 | Common | SOLE |
| 03937C105 | ARCB | ARCBEST CORP | $3.8M | 1.45% | 50,838 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $3.6M | 1.39% | 39,400 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $3.5M | 1.36% | 80,000 | Common | SOLE |
| 518613203 | LAUR | LAUREATE EDUCATION INC | $3.5M | 1.34% | 103,298 | Common | SOLE |
| 45784P101 | PODD | INSULET CORP | $3.4M | 1.32% | 12,035 | Common | SOLE |
| 10950A106 | BTSG | BRIGHTSPRING HEALTH SVCS INC | $3.4M | 1.30% | 89,865 | Common | SOLE |
| 983793100 | XPO | XPO INC | $3.1M | 1.20% | 23,000 | Common | SOLE |
| 74935Q107 | RBA | RB GLOBAL INC | $3.1M | 1.20% | 30,263 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $3.0M | 1.17% | 276,720 | Common | SOLE |
| 78467J100 | SSNC | SS&C TECHNOLOGIES HLDGS INC | $3.0M | 1.17% | 34,725 | Common | SOLE |
| 68628V308 | ORN | ORION GROUP HLDGS INC | $3.0M | 1.15% | 301,296 | Common | SOLE |
| 39813G109 | GDYN | GRID DYNAMICS HLDGS INC | $3.0M | 1.14% | 328,330 | Common | SOLE |
| M7S64H106 | MNDY | MONDAY COM LTD | $3.0M | 1.14% | 20,000 | Common | SOLE |
| G3323L100 | FN | FABRINET | $2.9M | 1.12% | 6,400 | Common | SOLE |
| 904311206 | UA | UNDER ARMOUR INC | $2.9M | 1.11% | 600,000 | Common | SOLE |
| 91307C102 | UTHR | UNITED THERAPEUTICS CORP DEL | $2.7M | 1.05% | 5,614 | Common | SOLE |
| 050734201 | AEYE | AUDIOEYE INC | $2.7M | 1.04% | 270,000 | Common | SOLE |
| 120076104 | BBW | BUILD-A-BEAR WORKSHOP INC | $2.7M | 1.04% | 43,942 | Common | SOLE |
| 74967X103 | RH | RH | $2.7M | 1.04% | 15,000 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL INC | $2.6M | 1.02% | 30,624 | Common | SOLE |
| 00737L103 | CVSA | ADTALEM GLOBAL ED INC | $2.6M | 1.01% | 25,339 | Common | SOLE |
| 900450206 | TBCH | TURTLE BEACH CORP | $2.5M | 0.97% | 180,075 | Common | SOLE |
| 632307104 | NTRA | NATERA INC | $2.5M | 0.97% | 11,018 | Common | SOLE |
| 68634K106 | ORLA | ORLA MNG LTD NEW | $2.5M | 0.94% | 182,000 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $2.4M | 0.93% | 9,200 | Common | SOLE |
| 35138V102 | FOXF | FOX FACTORY HLDG CORP | $2.4M | 0.92% | 139,206 | Common | SOLE |
| 37940X102 | GPN | GLOBAL PMTS INC | $2.4M | 0.92% | 30,759 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $2.3M | 0.90% | 5,000 | Common | SOLE |
| 22160N109 | CSGP | COSTAR GROUP INC | $2.3M | 0.88% | 34,000 | Common | SOLE |
| 83545G102 | SAH | SONIC AUTOMOTIVE INC | $2.2M | 0.85% | 35,800 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $2.2M | 0.83% | 26,500 | Common | SOLE |
| 185123106 | CWAN | CLEARWATER ANALYTICS HLDGS I | $2.1M | 0.82% | 87,883 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $2.1M | 0.82% | 94,772 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $2.0M | 0.78% | 10,946 | Common | SOLE |
| 92645B103 | VCTR | VICTORY CAP HLDGS INC | $2.0M | 0.76% | 31,267 | Common | SOLE |
| 901109108 | TPC | TUTOR PERINI CORP | $1.9M | 0.75% | 29,000 | Common | SOLE |
| 88339J105 | TTD | THE TRADE DESK INC | $1.9M | 0.73% | 50,000 | Common | SOLE |
| 14167L103 | CDNA | CAREDX INC | $1.9M | 0.73% | 100,668 | Common | SOLE |
| P31076105 | CPA | COPA HOLDINGS SA | $1.9M | 0.72% | 15,500 | Common | SOLE |
| 45778Q107 | NSP | INSPERITY INC | $1.8M | 0.70% | 46,700 | Common | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $1.8M | 0.69% | 34,000 | Common | SOLE |
| 654902204 | NOK | NOKIA CORP | $1.8M | 0.69% | 275,000 | Common | SOLE |
| 556269108 | SHOO | MADDEN STEVEN LTD | $1.8M | 0.68% | 42,224 | Common | SOLE |
| 69120X206 | OWLT | OWLET INC | $1.7M | 0.65% | 105,000 | Common | SOLE |
| 147448104 | CWST | CASELLA WASTE SYS INC | $1.7M | 0.64% | 17,053 | Common | SOLE |
| 04342Y104 | ASAN | ASANA INC | $1.6M | 0.63% | 120,000 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $1.6M | 0.63% | 15,434 | Common | SOLE |
| 65290E101 | NXT | NEXTPOWER INC | $1.6M | 0.63% | 18,640 | Common | SOLE |
| 74319B502 | PROF | PROFOUND MED CORP | $1.6M | 0.62% | 202,918 | Common | SOLE |
| 33768G107 | FCFS | FIRSTCASH HOLDINGS INC | $1.6M | 0.61% | 10,000 | Common | SOLE |
| G61188127 | LBTYK | LIBERTY GLOBAL LTD | $1.6M | 0.61% | 142,702 | Common | SOLE |
| 875372203 | TNDM | TANDEM DIABETES CARE INC | $1.6M | 0.60% | 70,919 | Common | SOLE |
| 81762P102 | NOW | SERVICENOW INC | $1.5M | 0.59% | 10,000 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $1.5M | 0.59% | 10,688 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $1.5M | 0.59% | 11,684 | Common | SOLE |
| 000361105 | AIR | AAR CORP | $1.5M | 0.57% | 18,000 | Common | SOLE |
| 436893200 | HOMB | HOME BANCSHARES INC | $1.4M | 0.56% | 51,912 | Common | SOLE |
| 03674X106 | AR | ANTERO RESOURCES CORP | $1.4M | 0.54% | 41,000 | Common | SOLE |
| 04206A101 | ARLO | ARLO TECHNOLOGIES INC | $1.4M | 0.54% | 100,000 | Common | SOLE |
| M8740S227 | TATT | TAT TECHNOLOGIES LTD | $1.4M | 0.53% | 30,801 | Common | SOLE |
| 445658107 | JBHT | HUNT J B TRANS SVCS INC | $1.4M | 0.52% | 7,000 | Common | SOLE |
| 30219Q106 | EXFY | EXPENSIFY INC | $1.4M | 0.52% | 900,000 | Common | SOLE |
| 69553P100 | PD | PAGERDUTY INC | $1.3M | 0.51% | 100,000 | Common | SOLE |
| 88162G103 | TTEK | TETRA TECH INC NEW | $1.3M | 0.50% | 39,050 | Common | SOLE |
| 497266106 | KEX | KIRBY CORP | $1.3M | 0.50% | 11,745 | Common | SOLE |
| 501889208 | LKQ | LKQ CORP | $1.3M | 0.49% | 42,300 | Common | SOLE |
| 70975L107 | PEN | PENUMBRA INC | $1.3M | 0.49% | 4,100 | Common | SOLE |
| 92921W300 | VUZI | VUZIX CORP | $1.2M | 0.48% | 330,000 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $1.2M | 0.48% | 6,000 | Common | SOLE |
| 98379L100 | XPEL | XPEL INC | $1.2M | 0.47% | 24,600 | Common | SOLE |
| 750491102 | RDNT | RADNET INC | $1.2M | 0.47% | 17,176 | Common | SOLE |
| 96208T104 | WEX | WEX INC | $1.2M | 0.47% | 8,200 | Common | SOLE |
| 918204108 | VFC | V F CORP | $1.2M | 0.46% | 65,721 | Common | SOLE |
| 95082P105 | WCC | WESCO INTL INC | $1.2M | 0.45% | 4,800 | Common | SOLE |
| 98980B103 | ZIP | ZIPRECRUITER INC | $1.2M | 0.45% | 300,000 | Common | SOLE |
| 92337F107 | VCYT | VERACYTE INC | $1.1M | 0.44% | 27,000 | Common | SOLE |
| 04010E109 | AGX | ARGAN INC | $1.1M | 0.43% | 3,540 | Common | SOLE |
| 30260D103 | FIGS | FIGS INC | $1.1M | 0.41% | 94,500 | Common | SOLE |
| 25659T107 | DLB | DOLBY LABORATORIES INC | $1.0M | 0.39% | 15,900 | Common | SOLE |
| 204166102 | CVLT | COMMVAULT SYS INC | $1.0M | 0.39% | 8,000 | Common | SOLE |
| 298736109 | EEFT | EURONET WORLDWIDE INC | $989,430 | 0.38% | 13,000 | Common | SOLE |
| 92847W103 | VITL | VITAL FARMS INC | $958,200 | 0.37% | 30,000 | Common | SOLE |
| 679295105 | OKTA | OKTA INC | $951,170 | 0.37% | 11,000 | Common | SOLE |
| 252131107 | DXCM | DEXCOM INC | $932,233 | 0.36% | 14,046 | Common | SOLE |
| 92346J108 | VCEL | VERICEL CORP | $929,922 | 0.36% | 25,824 | Common | SOLE |
| 70202L102 | PSN | PARSONS CORP DEL | $927,000 | 0.36% | 15,000 | Common | SOLE |
| 316841105 | FIG | FIGMA INC | $859,510 | 0.33% | 23,000 | Common | SOLE |
| 639193101 | NAVN | NAVAN INC | $854,000 | 0.33% | 50,000 | Common | SOLE |
| 501270102 | KRUS | KURA SUSHI USA INC | $815,301 | 0.31% | 15,580 | Common | SOLE |
| 30212P303 | EXPE | EXPEDIA GROUP INC | $781,936 | 0.30% | 2,760 | Common | SOLE |
| G2143T103 | CMPR | CIMPRESS PLC | $752,467 | 0.29% | 11,300 | Common | SOLE |
| 578605107 | MEC | MAYVILLE ENGR CO INC | $748,800 | 0.29% | 40,000 | Common | SOLE |
| 00510N102 | TIC | TIC SOLUTIONS INC | $687,328 | 0.26% | 67,985 | Common | SOLE |
| 009066101 | ABNB | AIRBNB INC | $678,600 | 0.26% | 5,000 | Common | SOLE |
| 76680R206 | RNG | RINGCENTRAL INC | $664,240 | 0.26% | 23,000 | Common | SOLE |
| 002896207 | ANF | ABERCROMBIE & FITCH CO | $654,524 | 0.25% | 5,200 | Common | SOLE |
| 78349D107 | RXST | RXSIGHT INC | $625,200 | 0.24% | 60,000 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $594,424 | 0.23% | 37,198 | Common | SOLE |
| 43538H103 | HLLY | HOLLEY INC | $572,088 | 0.22% | 138,520 | Common | SOLE |
| 74982T103 | RXO | RXO INC | $568,800 | 0.22% | 45,000 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $547,500 | 0.21% | 125,000 | Common | SOLE |
| 42328H109 | HLIO | HELIOS TECHNOLOGIES INC | $535,435 | 0.21% | 10,010 | Common | SOLE |
| 13100M509 | CALX | CALIX INC | $529,300 | 0.20% | 10,000 | Common | SOLE |
| 74275K108 | PCOR | PROCORE TECHNOLOGIES INC | $487,358 | 0.19% | 6,700 | Common | SOLE |
| 80517M109 | SVV | SAVERS VALUE VLG INC | $422,700 | 0.16% | 45,257 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $411,560 | 0.16% | 4,000 | Common | SOLE |
| M2029K104 | BIRK | BIRKENSTOCK HOLDING PLC | $409,000 | 0.16% | 10,000 | Common | SOLE |
| 46005L101 | IMXI | INTERNATIONAL MNY EXPRESS IN | $338,811 | 0.13% | 22,058 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $330,045 | 0.13% | 500 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $243,251 | 0.09% | 26,968 | Common | SOLE |
| 91733P107 | USAR | USA RARE EARTH INC | $238,000 | 0.09% | 20,000 | 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.