13F HOLDINGS REPORT
FORMULA GROWTH LTD
Quarter ended Q3 2025 · Filed November 13, 2025 · Accession 0001011438-25-000530
Total Value
$281.1M
Positions
122
Other Managers
0
Confidential Omitted
No
Holdings (122)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | LATHAM GROUP INC | SWIM | 989,033 | $7.5M | 2.68% |
| 2 | JAMES HARDIE INDS PLC | G4253H101 | 376,840 | $7.2M | 2.58% |
| 3 | ATLASSIAN CORPORATION | TEAM | 40,000 | $6.4M | 2.27% |
| 4 | STRATASYS LTD | SSYS | 570,000 | $6.4M | 2.27% |
| 5 | MICRON TECHNOLOGY INC | MU | 38,000 | $6.4M | 2.26% |
| 6 | RANPAK HOLDINGS CORP | PACK | 1,025,233 | $5.8M | 2.05% |
| 7 | CECO ENVIRONMENTAL CORP | CECO | 105,691 | $5.4M | 1.93% |
| 8 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 416,703 | $5.3M | 1.90% |
| 9 | CS DISCO INC | LAW | 820,000 | $5.3M | 1.88% |
| 10 | BILL HOLDINGS INC | BILL | 95,000 | $5.0M | 1.79% |
| 11 | VICTORY CAP HLDGS INC | 92645B103 | 76,327 | $4.9M | 1.76% |
| 12 | BUILD-A-BEAR WORKSHOP INC | BBW | 74,296 | $4.8M | 1.72% |
| 13 | UNDER ARMOUR INC | UA | 1,000,000 | $4.8M | 1.72% |
| 14 | GALAXY DIGITAL INC. | GLXY | 139,195 | $4.7M | 1.67% |
| 15 | ARCBEST CORP | ARCB | 66,638 | $4.7M | 1.66% |
| 16 | INSULET CORP | PODD | 15,047 | $4.6M | 1.65% |
| 17 | ALIGNMENT HEALTHCARE INC | ALHC | 248,208 | $4.3M | 1.54% |
| 18 | TURTLE BEACH CORP | TBCH | 260,075 | $4.1M | 1.47% |
| 19 | ADTALEM GLOBAL ED INC | ADT | 26,550 | $4.1M | 1.46% |
| 20 | MONDAY COM LTD | MNDY | 20,000 | $3.9M | 1.38% |
| 21 | HEALTHEQUITY INC | HQY | 40,590 | $3.8M | 1.37% |
| 22 | RYANAIR HOLDINGS PLC | RYAOF | 62,388 | $3.8M | 1.34% |
| 23 | THE TRADE DESK INC | 88339J105 | 75,000 | $3.7M | 1.31% |
| 24 | CLEARWATER ANALYTICS HLDGS I | CWAN | 200,000 | $3.6M | 1.28% |
| 25 | GENIUS SPORTS LIMITED | GENI | 285,720 | $3.5M | 1.26% |
| 26 | LAUREATE EDUCATION INC | LAUR | 111,000 | $3.5M | 1.25% |
| 27 | UNITY SOFTWARE INC | U | 85,000 | $3.4M | 1.21% |
| 28 | ENCOMPASS HEALTH CORP | EHC | 26,700 | $3.4M | 1.21% |
| 29 | RB GLOBAL INC | RBA | 31,259 | $3.4M | 1.21% |
| 30 | CAPRI HOLDINGS LIMITED | CPRI | 169,676 | $3.4M | 1.20% |
| 31 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 34,725 | $3.1M | 1.10% |
| 32 | AUDIOEYE INC | AEYE | 220,000 | $3.0M | 1.08% |
| 33 | BRIGHTSPRING HEALTH SVCS INC | 10950A106 | 101,400 | $3.0M | 1.07% |
| 34 | XPO INC | XPO | 23,000 | $3.0M | 1.06% |
| 35 | RADNET INC | RDNT | 38,189 | $2.9M | 1.04% |
| 36 | UBER TECHNOLOGIES INC | UBER | 29,500 | $2.9M | 1.03% |
| 37 | FABRINET | FN | 7,900 | $2.9M | 1.02% |
| 38 | COSTAR GROUP INC | CSGP | 34,000 | $2.9M | 1.02% |
| 39 | ORION GROUP HLDGS INC | ORN | 338,883 | $2.8M | 1.00% |
| 40 | CAREDX INC | CDNA | 192,293 | $2.8M | 0.99% |
| 41 | COMPASS INC | COMP | 347,300 | $2.8M | 0.99% |
| 42 | GLOBAL PMTS INC | 37940X102 | 33,359 | $2.8M | 0.99% |
| 43 | CARNIVAL CORP | CUKPF | 95,323 | $2.8M | 0.98% |
| 44 | RH | RH | 13,553 | $2.8M | 0.98% |
| 45 | UNITED THERAPEUTICS CORP DEL | UTHR | 6,550 | $2.7M | 0.98% |
| 46 | SONIC AUTOMOTIVE INC | SAH | 35,800 | $2.7M | 0.97% |
| 47 | AXOS FINANCIAL INC | AX | 30,624 | $2.6M | 0.92% |
| 48 | PHREESIA INC | PHR | 109,534 | $2.6M | 0.92% |
| 49 | HCA HEALTHCARE INC | HCA | 6,000 | $2.6M | 0.91% |
| 50 | DEXCOM INC | DXCM | 37,533 | $2.5M | 0.90% |
| 51 | TWILIO INC | TWLO | 25,000 | $2.5M | 0.89% |
| 52 | PAGERDUTY INC | PD | 140,000 | $2.3M | 0.82% |
| 53 | NATERA INC | NTRA | 14,290 | $2.3M | 0.82% |
| 54 | PALO ALTO NETWORKS INC | PANW | 10,946 | $2.2M | 0.79% |
| 55 | EXPENSIFY INC | EXFY | 1,150,000 | $2.1M | 0.76% |
| 56 | TUTOR PERINI CORP | TPC | 30,000 | $2.0M | 0.70% |
| 57 | OKTA INC | OKTA | 21,000 | $1.9M | 0.69% |
| 58 | NEXTRACKER INC | NXT | 25,000 | $1.8M | 0.66% |
| 59 | COPA HOLDINGS SA | CPA | 15,500 | $1.8M | 0.66% |
| 60 | GXO LOGISTICS INCORPORATED | GXO | 34,000 | $1.8M | 0.64% |
| 61 | ASANA INC | ASAN | 130,000 | $1.7M | 0.62% |
| 62 | SKYWATER TECHNOLOGY INC | SKYT | 90,000 | $1.7M | 0.60% |
| 63 | LIBERTY GLOBAL LTD | LBTYK | 142,702 | $1.7M | 0.60% |
| 64 | IVANHOE ELECTRIC INC | IE | 131,198 | $1.6M | 0.59% |
| 65 | SLEEP NUMBER CORP | SNBR | 231,793 | $1.6M | 0.58% |
| 66 | CASELLA WASTE SYS INC | CWST | 17,053 | $1.6M | 0.58% |
| 67 | KURA SUSHI USA INC | KRUS | 26,717 | $1.6M | 0.56% |
| 68 | FIRSTCASH HOLDINGS INC | FCFS | 10,000 | $1.6M | 0.56% |
| 69 | ARGAN INC | AGX | 5,700 | $1.5M | 0.55% |
| 70 | ORTHOPEDIATRICS CORP | KIDS | 81,000 | $1.5M | 0.53% |
| 71 | TANDEM DIABETES CARE INC | TNDM | 122,096 | $1.5M | 0.53% |
| 72 | HOME BANCSHARES INC | HOMB | 51,912 | $1.5M | 0.52% |
| 73 | WIX COM LTD | WIX | 7,750 | $1.4M | 0.49% |
| 74 | TAT TECHNOLOGIES LTD | TATT | 30,801 | $1.4M | 0.48% |
| 75 | DENNYS CORP | 24869P104 | 258,885 | $1.4M | 0.48% |
| 76 | TETRA TECH INC NEW | TTEK | 39,050 | $1.3M | 0.46% |
| 77 | LKQ CORP | LKQ | 42,300 | $1.3M | 0.46% |
| 78 | WEX INC | WEX | 8,200 | $1.3M | 0.46% |
| 79 | PAGSEGURO DIGITAL LTD | PAGS | 128,820 | $1.3M | 0.46% |
| 80 | EXPEDIA GROUP INC | EXPE | 5,800 | $1.2M | 0.44% |
| 81 | WESTERN ALLIANCE BANCORP | WAL-PA | 13,933 | $1.2M | 0.43% |
| 82 | SHIFT4 PMTS INC | 82452J109 | 15,326 | $1.2M | 0.42% |
| 83 | REVOLVE GROUP INC | RVLV | 55,000 | $1.2M | 0.42% |
| 84 | DOLBY LABORATORIES INC | DLB | 15,900 | $1.2M | 0.41% |
| 85 | MACYS INC | 55616P104 | 64,000 | $1.1M | 0.41% |
| 86 | EURONET WORLDWIDE INC | EEFT | 13,000 | $1.1M | 0.41% |
| 87 | FOX FACTORY HLDG CORP | FOXF | 46,506 | $1.1M | 0.40% |
| 88 | LEVI STRAUSS & CO NEW | LEVI | 47,285 | $1.1M | 0.39% |
| 89 | UDEMY INC | UDMY | 152,000 | $1.1M | 0.38% |
| 90 | DOLLAR GEN CORP NEW | 256677105 | 10,100 | $1.0M | 0.37% |
| 91 | PROCORE TECHNOLOGIES INC | PCOR | 14,000 | $1.0M | 0.36% |
| 92 | V F CORP | VFC | 69,513 | $1.0M | 0.36% |
| 93 | PROFOUND MED CORP | PROF | 202,918 | $992,269 | 0.35% |
| 94 | BEL FUSE INC | BELFB | 7,000 | $987,140 | 0.35% |
| 95 | KIRBY CORP | KEX | 11,745 | $980,120 | 0.35% |
| 96 | ZIPRECRUITER INC | ZIP | 230,000 | $970,600 | 0.35% |
| 97 | XPONENTIAL FITNESS INC | XPOF | 124,193 | $967,463 | 0.34% |
| 98 | HUNT J B TRANS SVCS INC | 445658107 | 7,000 | $939,190 | 0.33% |
| 99 | VERACYTE INC | VCYT | 27,000 | $926,910 | 0.33% |
| 100 | ACUREN CORP | TICAW | 67,985 | $904,880 | 0.32% |
| 101 | FORESTAR GROUP INC | FOR | 32,000 | $850,880 | 0.30% |
| 102 | INTEL CORP | INTC | 25,000 | $838,750 | 0.30% |
| 103 | VERICEL CORP | VCEL | 25,824 | $812,681 | 0.29% |
| 104 | ARDENT HEALTH INC | ARDT | 56,099 | $743,312 | 0.26% |
| 105 | CIMPRESS PLC | CMPR | 11,300 | $712,352 | 0.25% |
| 106 | WAYFAIR INC | W | 7,783 | $695,255 | 0.25% |
| 107 | RXO INC | RXO | 45,000 | $692,100 | 0.25% |
| 108 | RINGCENTRAL INC | RNG | 23,000 | $651,820 | 0.23% |
| 109 | CALIX INC | CALX | 10,000 | $613,700 | 0.22% |
| 110 | AIRBNB INC | ABNB | 5,000 | $607,100 | 0.22% |
| 111 | HELIOS TECHNOLOGIES INC | HLIO | 11,000 | $573,430 | 0.20% |
| 112 | BUILDERS FIRSTSOURCE INC | BLDR | 4,000 | $485,000 | 0.17% |
| 113 | HOLLEY INC | HLLY-WT | 150,000 | $471,000 | 0.17% |
| 114 | KINDERCARE LEARNING COMPANIE | KLC | 69,667 | $462,589 | 0.16% |
| 115 | ALLIENT INC | ALNT | 10,000 | $447,500 | 0.16% |
| 116 | KLAVIYO INC | KVYO | 15,000 | $415,350 | 0.15% |
| 117 | BELLRING BRANDS INC | BRBR | 10,659 | $387,455 | 0.14% |
| 118 | META PLATFORMS INC | META | 500 | $367,190 | 0.13% |
| 119 | SAVERS VALUE VLG INC | 80517M109 | 27,000 | $357,750 | 0.13% |
| 120 | CENTURY CASINOS INC | CNTY | 136,647 | $356,649 | 0.13% |
| 121 | USA RARE EARTH INC | USAR | 20,000 | $343,800 | 0.12% |
| 122 | INTERNATIONAL MNY EXPRESS IN | INTR | 22,058 | $308,150 | 0.11% |