Formula Growth Ltd 13F annual report
Formula Growth Ltd is an investment fund managing more than $293 billion ran by Ari Kiriazidis. There are currently 136 companies in Mr. Kiriazidis’s portfolio. The largest investments include Unity Software and Evolent Health Inc, together worth $17 billion.
$293 billion Assets Under Management (AUM)
As of 6th November 2023, Formula Growth Ltd’s top holding is 285,000 shares of Unity Software currently worth over $8.95 billion and making up 3.1% of the portfolio value.
Relative to the number of outstanding shares of Unity Software, Formula Growth Ltd owns more than approximately 0.1% of the company.
In addition, the fund holds 296,901 shares of Evolent Health Inc worth $8.08 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is PagSeguro Digital Ltd worth $7.42 billion and the next is Alibaba Group Hldg Ltd worth $6.84 billion, with 78,876 shares owned.
Currently, Formula Growth Ltd's portfolio is worth at least $293 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Formula Growth Ltd
The Formula Growth Ltd office and employees reside in Montreal, Quebec, Canada. According to the last 13-F report filed with the SEC, Ari Kiriazidis serves as the Chief Compliance Officer at Formula Growth Ltd.
Recent trades
In the most recent 13F filing, Formula Growth Ltd revealed that it had opened a new position in
Shopify Inc and bought 80,000 shares worth $4.37 billion.
This means they effectively own approximately 0.1% of the company.
Shopify Inc makes up
5.6%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Unity Software by buying
90,000 additional shares.
This makes their stake in Unity Software total 285,000 shares worth $8.95 billion.
Unity Software dropped approximately 0.1% in the past year.
On the other hand, there are companies that Formula Growth Ltd is getting rid of from its portfolio.
Formula Growth Ltd closed its position in New Relic Inc on 13th November 2023.
It sold the previously owned 110,000 shares for $7.2 billion.
Ari Kiriazidis also disclosed a decreased stake in Evolent Health Inc by approximately 0.1%.
This leaves the value of the investment at $8.08 billion and 296,901 shares.
One of the average hedge funds
The two most similar investment funds to Formula Growth Ltd are Harrell Investment Partners and Apeiron Ria. They manage $293 billion and $293 billion respectively.
Ari Kiriazidis investment strategy
Formula Growth Ltd’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 26.6% of
the total portfolio value.
The fund focuses on investments in the United States as
58.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
19% of the total holdings value.
On the other hand, small-cap stocks make up only 0.7% of the portfolio.
The average market cap of the portfolio companies is close to $17.5 billion.
The complete list of Formula Growth Ltd trades based on 13F SEC filings
These positions were updated on November 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Unity Software Inc. |
46.15%
285,000
|
$8,946,150,000 | 3.05% |
| Evolent Health Inc |
0.87%
296,901
|
$8,084,614,000 | 2.76% |
| PagSeguro Digital Ltd |
7.34%
861,957
|
$7,421,450,000 | 2.53% |
| New Relic Inc |
Closed
110,000
|
$7,198,400,000 | |
| Alibaba Group Hldg Ltd |
1.26%
78,876
|
$6,841,704,000 | 2.33% |
| Dave & Busters Entmt Inc |
124.17%
175,446
|
$6,503,783,000 | 2.22% |
| Acv Auctions Inc |
0.95%
395,615
|
$6,005,436,000 | 2.05% |
| Six Flags Entmt Corp New |
Closed
218,856
|
$5,685,879,000 | |
| ArcBest Corp |
83.33%
50,600
|
$5,143,490,000 | 1.76% |
| HCA Healthcare Inc |
10.87%
20,500
|
$5,042,590,000 | 1.72% |
| Asana, Inc. |
136.36%
260,000
|
$4,760,600,000 | 1.62% |
| Ceco Environmental Corp. |
5.69%
292,493
|
$4,671,113,000 | 1.59% |
| Under Armour Inc |
1.64%
720,000
|
$4,593,600,000 | 1.57% |
| Stratasys Ltd |
550.00%
325,000
|
$4,423,250,000 | 1.51% |
| Shopify Inc |
Opened
80,000
|
$4,365,600,000 | 1.49% |
| Micron Technology Inc. |
4.60%
63,661
|
$4,330,858,000 | 1.48% |
| PayPal Holdings Inc |
Closed
62,840
|
$4,193,313,000 | |
| Intel Corp. |
16.31%
116,355
|
$4,136,420,000 | 1.41% |
| OrthoPediatrics corp |
1.04%
124,970
|
$3,999,040,000 | 1.36% |
| Imax Corp |
0.94%
201,694
|
$3,896,728,000 | 1.33% |
| Snowflake Inc. |
Opened
25,000
|
$3,819,250,000 | 1.30% |
| Expro Group Holdings Nv |
135.88%
163,854
|
$3,806,328,000 | 1.30% |
| Progyny Inc |
0.80%
110,667
|
$3,764,891,000 | 1.28% |
| Fidelity Natl Information Sv |
25.40%
65,116
|
$3,598,961,000 | 1.23% |
| SS&C Technologies Holdings Inc |
16.27%
66,900
|
$3,514,926,000 | 1.20% |
| Hashicorp Inc |
50.00%
150,000
|
$3,424,500,000 | 1.17% |
| Lantheus Holdings Inc |
51.44%
49,200
|
$3,418,416,000 | 1.17% |
| Costar Group, Inc. |
No change
44,000
|
$3,383,160,000 | 1.15% |
| LKQ Corp |
11.30%
68,300
|
$3,381,533,000 | 1.15% |
| Alphatec Holdings Inc |
1.14%
254,965
|
$3,306,896,000 | 1.13% |
| H & E Equipment Services Inc |
6.84%
75,522
|
$3,261,795,000 | 1.11% |
| Okta Inc |
55.56%
40,000
|
$3,260,400,000 | 1.11% |
| Twilio Inc |
7.74%
55,688
|
$3,259,419,000 | 1.11% |
| Rover Group Inc |
Opened
486,000
|
$3,042,360,000 | 1.04% |
| Latham Group Inc |
6.08%
1,077,452
|
$3,016,866,000 | 1.03% |
| Pinterest Inc |
29.03%
110,000
|
$2,973,300,000 | 1.01% |
| Treace Med Concepts Inc |
88.76%
222,269
|
$2,913,947,000 | 0.99% |
| Sonic Automotive, Inc. |
13.14%
60,800
|
$2,903,808,000 | 0.99% |
| Privia Health Group Inc |
8.82%
125,937
|
$2,896,551,000 | 0.99% |
| RingCentral Inc. |
11.49%
97,061
|
$2,875,917,000 | 0.98% |
| XPO Inc |
14.44%
38,500
|
$2,874,410,000 | 0.98% |
| WEX Inc |
8.98%
15,200
|
$2,858,968,000 | 0.98% |
| Uber Technologies Inc |
13.48%
60,950
|
$2,803,091,000 | 0.96% |
| Liberty Global plc |
No change
147,702
|
$2,741,349,000 | 0.94% |
| CS Disco, Inc. |
60.00%
400,000
|
$2,656,000,000 | 0.91% |
| Gxo Logistics Incorporated |
No change
45,000
|
$2,639,250,000 | 0.90% |
| Ryanair Holdings Plc |
No change
26,955
|
$2,620,296,000 | 0.89% |
| Bgc Group Inc |
Opened
488,273
|
$2,578,081,000 | 0.88% |
| Neogenomics Inc. |
0.86%
208,885
|
$2,569,286,000 | 0.88% |
| Fabrinet |
24.01%
15,350
|
$2,557,617,000 | 0.87% |
| Easterly Govt Pptys Inc |
19.33%
216,616
|
$2,475,921,000 | 0.84% |
| International Mny Express In |
1.99%
144,549
|
$2,447,215,000 | 0.84% |
| Natera Inc |
1.12%
54,589
|
$2,415,563,000 | 0.82% |
| Hologic, Inc. |
40.78%
34,076
|
$2,364,874,000 | 0.81% |
| Insulet Corporation |
253.01%
14,650
|
$2,336,529,000 | 0.80% |
| Casella Waste Sys Inc |
Closed
25,553
|
$2,311,269,000 | |
| Extra Space Storage Inc. |
Closed
15,234
|
$2,267,581,000 | |
| Marvell Technology Inc |
52.82%
40,329
|
$2,183,009,000 | 0.74% |
| Generac Holdings Inc |
Opened
20,000
|
$2,179,200,000 | 0.74% |
| Radnet Inc |
Opened
75,000
|
$2,114,250,000 | 0.72% |
| Meta Platforms Inc |
No change
7,000
|
$2,101,470,000 | 0.72% |
| Leslies Inc |
96.71%
370,829
|
$2,098,892,000 | 0.72% |
| Maplebear Inc |
Opened
70,000
|
$2,078,300,000 | 0.71% |
| Electronic Arts, Inc. |
23.98%
16,800
|
$2,022,720,000 | 0.69% |
| Savers Value Vlg Inc |
10,700.00%
108,000
|
$2,016,360,000 | 0.69% |
| Applovin Corp |
Closed
75,000
|
$1,929,750,000 | |
| Churchill Downs, Inc. |
2.49%
16,376
|
$1,900,271,000 | 0.65% |
| Palo Alto Networks Inc |
28.34%
8,093
|
$1,897,323,000 | 0.65% |
| Hunt J B Trans Svcs Inc |
No change
10,000
|
$1,885,200,000 | 0.64% |
| Helix Energy Solutions Grp I |
Opened
160,000
|
$1,787,200,000 | 0.61% |
| Semtech Corp. |
Closed
70,000
|
$1,782,200,000 | |
| Wyndham Hotels & Resorts Inc |
22.68%
25,466
|
$1,770,906,000 | 0.60% |
| Xylem Inc |
51.02%
19,330
|
$1,759,610,000 | 0.60% |
| LendingTree Inc. |
4.53%
113,223
|
$1,754,957,000 | 0.60% |
| Tetra Tech, Inc. |
No change
11,500
|
$1,748,345,000 | 0.60% |
| Transcat Inc |
Opened
17,500
|
$1,714,475,000 | 0.59% |
| Builders Firstsource Inc |
No change
13,434
|
$1,672,399,000 | 0.57% |
| Cantaloupe Inc |
13.54%
261,795
|
$1,636,219,000 | 0.56% |
| Dolby Laboratories Inc |
No change
20,500
|
$1,624,830,000 | 0.55% |
| Despegar.com Corp |
3.08%
217,823
|
$1,579,217,000 | 0.54% |
| Methode Electrs Inc |
No change
68,885
|
$1,574,022,000 | 0.54% |
| Expensify Inc |
137.50%
475,000
|
$1,543,750,000 | 0.53% |
| NV5 Global Inc |
11.43%
15,500
|
$1,491,565,000 | 0.51% |
| Welltower Inc. |
1.60%
18,019
|
$1,476,116,000 | 0.50% |
| DHT Holdings Inc |
50.45%
143,152
|
$1,474,466,000 | 0.50% |
| Bellring Brands Inc |
22.17%
34,059
|
$1,404,253,000 | 0.48% |
| Copa Holdings Sa |
No change
15,500
|
$1,381,360,000 | 0.47% |
| EQT Corp |
42.37%
34,009
|
$1,380,085,000 | 0.47% |
| Axos Financial Inc. |
No change
35,624
|
$1,348,725,000 | 0.46% |
| Desktop Metal, Inc. |
Closed
750,000
|
$1,327,500,000 | |
| Victorias Secret And Co |
95.43%
78,172
|
$1,303,909,000 | 0.44% |
| Hasbro, Inc. |
Opened
19,500
|
$1,289,730,000 | 0.44% |
| Home Bancshares Inc |
No change
58,912
|
$1,233,617,000 | 0.42% |
| Forward Air Corp. |
Opened
17,500
|
$1,202,950,000 | 0.41% |
| Enphase Energy Inc |
Closed
7,030
|
$1,177,384,000 | |
| Performant Finl Corp |
No change
520,000
|
$1,175,200,000 | 0.40% |
| Quipt Home Medical Corp |
1.07%
227,234
|
$1,156,621,000 | 0.39% |
| Euronet Worldwide Inc |
No change
14,500
|
$1,151,010,000 | 0.39% |
| Dropbox Inc |
25.96%
42,200
|
$1,149,106,000 | 0.39% |
| Wix.com Ltd |
No change
12,500
|
$1,147,500,000 | 0.39% |
| Service Pptys Tr |
36.24%
148,306
|
$1,140,473,000 | 0.39% |
| Ebix Inc. |
Closed
45,000
|
$1,134,000,000 | |
| Freeport-McMoRan Inc |
Closed
28,246
|
$1,129,840,000 | |
| Shoals Technologies Group In |
99.43%
61,175
|
$1,116,444,000 | 0.38% |
| Tyson Foods, Inc. |
Opened
22,101
|
$1,115,879,000 | 0.38% |
| Infinera Corp. |
Closed
225,000
|
$1,086,750,000 | |
| Lear Corp. |
Opened
8,000
|
$1,073,600,000 | 0.37% |
| Build A Bear Workshop Inc |
Opened
36,000
|
$1,058,760,000 | 0.36% |
| Impinj Inc |
Opened
19,000
|
$1,045,570,000 | 0.36% |
| Century Casinos Inc. |
No change
200,000
|
$1,026,000,000 | 0.35% |
| Traeger Inc |
71.27%
375,763
|
$1,025,833,000 | 0.35% |
| FirstCash Holdings Inc |
No change
10,000
|
$1,003,800,000 | 0.34% |
| Kirby Corp. |
No change
11,745
|
$972,486,000 | 0.33% |
| Sunopta, Inc. |
Closed
143,734
|
$961,580,000 | |
| Re Max Hldgs Inc |
Opened
73,980
|
$957,301,000 | 0.33% |
| Calix Inc |
Opened
20,000
|
$916,800,000 | 0.31% |
| Skyward Specialty Ins Group |
Opened
33,000
|
$902,880,000 | 0.31% |
| Rxo Inc |
No change
45,000
|
$887,850,000 | 0.30% |
| Sirius XM Holdings Inc |
Closed
194,400
|
$880,632,000 | |
| Childrens Pl Inc New |
Opened
32,545
|
$879,691,000 | 0.30% |
| Tandem Diabetes Care Inc |
71.59%
40,746
|
$846,294,000 | 0.29% |
| Lindblad Expeditions Hldgs I |
Opened
117,403
|
$845,302,000 | 0.29% |
| Sl Green Rlty Corp |
43.75%
22,500
|
$839,250,000 | 0.29% |
| Atlassian Corporation |
Closed
5,000
|
$839,050,000 | |
| Ambarella Inc |
Closed
10,000
|
$836,700,000 | |
| PGT Innovations Inc |
No change
30,000
|
$832,500,000 | 0.28% |
| Cimpress plc |
No change
11,300
|
$791,113,000 | 0.27% |
| Bluelinx Hldgs Inc |
Closed
8,162
|
$765,432,000 | |
| BrightView Holdings Inc |
Closed
104,280
|
$748,730,000 | |
| WW International Inc |
79.02%
62,428
|
$691,078,000 | 0.24% |
| Ziff Davis Inc |
No change
10,821
|
$689,189,000 | 0.24% |
| Oatly Group AB |
Closed
335,607
|
$687,994,000 | |
| Riskified Ltd. |
Opened
150,000
|
$672,000,000 | 0.23% |
| Anywhere Real Estate Inc |
75.66%
99,741
|
$641,335,000 | 0.22% |
| Smartsheet Inc |
No change
15,796
|
$639,106,000 | 0.22% |
| VanEck ETF Trust |
No change
23,500
|
$632,385,000 | 0.22% |
| Mondee Holdings Inc |
1.11%
175,777
|
$627,524,000 | 0.21% |
| Ralph Lauren Corp |
Opened
5,300
|
$615,277,000 | 0.21% |
| Veracyte Inc |
35.71%
27,000
|
$602,910,000 | 0.21% |
| Purecycle Technologies Inc |
Closed
52,386
|
$560,006,000 | |
| PDD Holdings Inc |
No change
5,600
|
$549,192,000 | 0.19% |
| Primo Water Corporation |
Opened
39,094
|
$539,497,000 | 0.18% |
| First Solar Inc |
2.32%
3,243
|
$524,036,000 | 0.18% |
| Sunnova Energy International Inc |
400.00%
50,000
|
$523,500,000 | 0.18% |
| Accuray Inc |
Opened
184,366
|
$501,476,000 | 0.17% |
| Kornit Digital Ltd |
No change
24,500
|
$463,295,000 | 0.16% |
| Global X Fds |
No change
12,500
|
$455,125,000 | 0.16% |
| Epam Sys Inc |
Closed
1,826
|
$410,394,000 | |
| Staar Surgical Co. |
No change
10,200
|
$409,836,000 | 0.14% |
| Cerus Corp. |
No change
242,290
|
$392,510,000 | 0.13% |
| ModivCare Inc. |
No change
12,000
|
$378,120,000 | 0.13% |
| Cutera Inc |
1.11%
62,753
|
$377,773,000 | 0.13% |
| Zuora Inc |
No change
42,261
|
$348,231,000 | 0.12% |
| Paysafe Limited |
3.28%
27,156
|
$325,600,000 | 0.11% |
| Proshares Tr |
No change
21,000
|
$294,000,000 | 0.10% |
| Arm Holdings Plc |
Opened
5,000
|
$267,600,000 | 0.09% |
| TTEC Holdings Inc |
No change
10,000
|
$262,200,000 | 0.09% |
| Sunrun Inc |
Closed
10,000
|
$178,600,000 | |
| No transactions found | |||
| Showing first 500 out of 158 holdings | |||
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