13F HOLDINGS REPORT
FORMULA GROWTH LTD
Quarter ended Q4 2025 · Filed February 13, 2026 · Accession 0001011438-26-000104
Total Value
$259.5M
Positions
125
Other Managers
0
Confidential Omitted
No
Holdings (125)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | MICRON TECHNOLOGY INC | MU | 32,000 | $9.1M | 3.52% |
| 2 | LATHAM GROUP INC | SWIM | 1,205,082 | $7.7M | 2.95% |
| 3 | JAMES HARDIE INDS PLC | G4253H101 | 306,840 | $6.4M | 2.45% |
| 4 | CS DISCO INC | LAW | 750,000 | $5.8M | 2.24% |
| 5 | LINDBLAD EXPEDITIONS HLDGS I | LIND | 403,591 | $5.8M | 2.24% |
| 6 | STRATASYS LTD | SSYS | 660,000 | $5.7M | 2.21% |
| 7 | RANPAK HOLDINGS CORP | PACK | 989,527 | $5.4M | 2.06% |
| 8 | BILL HOLDINGS INC | BILL | 95,000 | $5.2M | 2.00% |
| 9 | ATLASSIAN CORPORATION | TEAM | 31,000 | $5.0M | 1.94% |
| 10 | ALIGNMENT HEALTHCARE INC | ALHC | 239,508 | $4.7M | 1.82% |
| 11 | COMPASS INC | COMP | 427,300 | $4.5M | 1.74% |
| 12 | RYANAIR HOLDINGS PLC | RYAOF | 62,388 | $4.5M | 1.74% |
| 13 | CECO ENVIRONMENTAL CORP | CECO | 70,720 | $4.2M | 1.63% |
| 14 | CAPRI HOLDINGS LIMITED | CPRI | 163,376 | $4.0M | 1.54% |
| 15 | ARCBEST CORP | ARCB | 50,838 | $3.8M | 1.45% |
| 16 | HEALTHEQUITY INC | HQY | 39,400 | $3.6M | 1.39% |
| 17 | UNITY SOFTWARE INC | U | 80,000 | $3.5M | 1.36% |
| 18 | LAUREATE EDUCATION INC | LAUR | 103,298 | $3.5M | 1.34% |
| 19 | INSULET CORP | PODD | 12,035 | $3.4M | 1.32% |
| 20 | BRIGHTSPRING HEALTH SVCS INC | 10950A106 | 89,865 | $3.4M | 1.30% |
| 21 | XPO INC | XPO | 23,000 | $3.1M | 1.20% |
| 22 | RB GLOBAL INC | RBA | 30,263 | $3.1M | 1.20% |
| 23 | GENIUS SPORTS LIMITED | GENI | 276,720 | $3.0M | 1.17% |
| 24 | SS&C TECHNOLOGIES HLDGS INC | SSNC | 34,725 | $3.0M | 1.17% |
| 25 | ORION GROUP HLDGS INC | ORN | 301,296 | $3.0M | 1.15% |
| 26 | GRID DYNAMICS HLDGS INC | GDYN | 328,330 | $3.0M | 1.14% |
| 27 | MONDAY COM LTD | MNDY | 20,000 | $3.0M | 1.14% |
| 28 | FABRINET | FN | 6,400 | $2.9M | 1.12% |
| 29 | UNDER ARMOUR INC | UA | 600,000 | $2.9M | 1.11% |
| 30 | UNITED THERAPEUTICS CORP DEL | UTHR | 5,614 | $2.7M | 1.05% |
| 31 | AUDIOEYE INC | AEYE | 270,000 | $2.7M | 1.04% |
| 32 | BUILD-A-BEAR WORKSHOP INC | BBW | 43,942 | $2.7M | 1.04% |
| 33 | RH | RH | 15,000 | $2.7M | 1.04% |
| 34 | AXOS FINANCIAL INC | AX | 30,624 | $2.6M | 1.02% |
| 35 | ADTALEM GLOBAL ED INC | ADT | 25,339 | $2.6M | 1.01% |
| 36 | TURTLE BEACH CORP | TBCH | 180,075 | $2.5M | 0.97% |
| 37 | NATERA INC | NTRA | 11,018 | $2.5M | 0.97% |
| 38 | ORLA MNG LTD NEW | 68634K106 | 182,000 | $2.5M | 0.94% |
| 39 | FIRST SOLAR INC | FSLR | 9,200 | $2.4M | 0.93% |
| 40 | FOX FACTORY HLDG CORP | FOXF | 139,206 | $2.4M | 0.92% |
| 41 | GLOBAL PMTS INC | 37940X102 | 30,759 | $2.4M | 0.92% |
| 42 | HCA HEALTHCARE INC | HCA | 5,000 | $2.3M | 0.90% |
| 43 | COSTAR GROUP INC | CSGP | 34,000 | $2.3M | 0.88% |
| 44 | SONIC AUTOMOTIVE INC | SAH | 35,800 | $2.2M | 0.85% |
| 45 | UBER TECHNOLOGIES INC | UBER | 26,500 | $2.2M | 0.83% |
| 46 | CLEARWATER ANALYTICS HLDGS I | CWAN | 87,883 | $2.1M | 0.82% |
| 47 | GALAXY DIGITAL INC. | GLXY | 94,772 | $2.1M | 0.82% |
| 48 | PALO ALTO NETWORKS INC | PANW | 10,946 | $2.0M | 0.78% |
| 49 | VICTORY CAP HLDGS INC | 92645B103 | 31,267 | $2.0M | 0.76% |
| 50 | TUTOR PERINI CORP | TPC | 29,000 | $1.9M | 0.75% |
| 51 | THE TRADE DESK INC | 88339J105 | 50,000 | $1.9M | 0.73% |
| 52 | CAREDX INC | CDNA | 100,668 | $1.9M | 0.73% |
| 53 | COPA HOLDINGS SA | CPA | 15,500 | $1.9M | 0.72% |
| 54 | INSPERITY INC | NSP | 46,700 | $1.8M | 0.70% |
| 55 | GXO LOGISTICS INCORPORATED | GXO | 34,000 | $1.8M | 0.69% |
| 56 | NOKIA CORP | NOKBF | 275,000 | $1.8M | 0.69% |
| 57 | MADDEN STEVEN LTD | 556269108 | 42,224 | $1.8M | 0.68% |
| 58 | OWLET INC | OWLTW | 105,000 | $1.7M | 0.65% |
| 59 | CASELLA WASTE SYS INC | CWST | 17,053 | $1.7M | 0.64% |
| 60 | ASANA INC | ASAN | 120,000 | $1.6M | 0.63% |
| 61 | ENCOMPASS HEALTH CORP | EHC | 15,434 | $1.6M | 0.63% |
| 62 | NEXTPOWER INC | NXT | 18,640 | $1.6M | 0.63% |
| 63 | PROFOUND MED CORP | PROF | 202,918 | $1.6M | 0.62% |
| 64 | FIRSTCASH HOLDINGS INC | FCFS | 10,000 | $1.6M | 0.61% |
| 65 | LIBERTY GLOBAL LTD | LBTYK | 142,702 | $1.6M | 0.61% |
| 66 | TANDEM DIABETES CARE INC | TNDM | 70,919 | $1.6M | 0.60% |
| 67 | SERVICENOW INC | NOW | 10,000 | $1.5M | 0.59% |
| 68 | TWILIO INC | TWLO | 10,688 | $1.5M | 0.59% |
| 69 | GENEDX HOLDINGS CORP | WGSWW | 11,684 | $1.5M | 0.59% |
| 70 | AAR CORP | AIR | 18,000 | $1.5M | 0.57% |
| 71 | HOME BANCSHARES INC | HOMB | 51,912 | $1.4M | 0.56% |
| 72 | ANTERO RESOURCES CORP | AR | 41,000 | $1.4M | 0.54% |
| 73 | ARLO TECHNOLOGIES INC | ARLO | 100,000 | $1.4M | 0.54% |
| 74 | TAT TECHNOLOGIES LTD | TATT | 30,801 | $1.4M | 0.53% |
| 75 | HUNT J B TRANS SVCS INC | 445658107 | 7,000 | $1.4M | 0.52% |
| 76 | EXPENSIFY INC | EXFY | 900,000 | $1.4M | 0.52% |
| 77 | PAGERDUTY INC | PD | 100,000 | $1.3M | 0.51% |
| 78 | TETRA TECH INC NEW | TTEK | 39,050 | $1.3M | 0.50% |
| 79 | KIRBY CORP | KEX | 11,745 | $1.3M | 0.50% |
| 80 | LKQ CORP | LKQ | 42,300 | $1.3M | 0.49% |
| 81 | PENUMBRA INC | PEN | 4,100 | $1.3M | 0.49% |
| 82 | VUZIX CORP | VUZI | 330,000 | $1.2M | 0.48% |
| 83 | LULULEMON ATHLETICA INC | LULU | 6,000 | $1.2M | 0.48% |
| 84 | XPEL INC | XPEL | 24,600 | $1.2M | 0.47% |
| 85 | RADNET INC | RDNT | 17,176 | $1.2M | 0.47% |
| 86 | WEX INC | WEX | 8,200 | $1.2M | 0.47% |
| 87 | V F CORP | VFC | 65,721 | $1.2M | 0.46% |
| 88 | WESCO INTL INC | 95082P105 | 4,800 | $1.2M | 0.45% |
| 89 | ZIPRECRUITER INC | ZIP | 300,000 | $1.2M | 0.45% |
| 90 | VERACYTE INC | VCYT | 27,000 | $1.1M | 0.44% |
| 91 | ARGAN INC | AGX | 3,540 | $1.1M | 0.43% |
| 92 | FIGS INC | FIGS | 94,500 | $1.1M | 0.41% |
| 93 | DOLBY LABORATORIES INC | DLB | 15,900 | $1.0M | 0.39% |
| 94 | COMMVAULT SYS INC | CVLT | 8,000 | $1.0M | 0.39% |
| 95 | EURONET WORLDWIDE INC | EEFT | 13,000 | $989,430 | 0.38% |
| 96 | VITAL FARMS INC | VITL | 30,000 | $958,200 | 0.37% |
| 97 | OKTA INC | OKTA | 11,000 | $951,170 | 0.37% |
| 98 | DEXCOM INC | DXCM | 14,046 | $932,233 | 0.36% |
| 99 | VERICEL CORP | VCEL | 25,824 | $929,922 | 0.36% |
| 100 | PARSONS CORP DEL | PSN | 15,000 | $927,000 | 0.36% |
| 101 | FIGMA INC | FIG | 23,000 | $859,510 | 0.33% |
| 102 | NAVAN INC | NAVN | 50,000 | $854,000 | 0.33% |
| 103 | KURA SUSHI USA INC | KRUS | 15,580 | $815,301 | 0.31% |
| 104 | EXPEDIA GROUP INC | EXPE | 2,760 | $781,936 | 0.30% |
| 105 | CIMPRESS PLC | CMPR | 11,300 | $752,467 | 0.29% |
| 106 | MAYVILLE ENGR CO INC | 578605107 | 40,000 | $748,800 | 0.29% |
| 107 | TIC SOLUTIONS INC | TICAW | 67,985 | $687,328 | 0.26% |
| 108 | AIRBNB INC | ABNB | 5,000 | $678,600 | 0.26% |
| 109 | RINGCENTRAL INC | RNG | 23,000 | $664,240 | 0.26% |
| 110 | ABERCROMBIE & FITCH CO | ANF | 5,200 | $654,524 | 0.25% |
| 111 | RXSIGHT INC | RXST | 60,000 | $625,200 | 0.24% |
| 112 | IVANHOE ELECTRIC INC | IE | 37,198 | $594,424 | 0.23% |
| 113 | HOLLEY INC | HLLY-WT | 138,520 | $572,088 | 0.22% |
| 114 | RXO INC | RXO | 45,000 | $568,800 | 0.22% |
| 115 | UWM HOLDINGS CORPORATION | UWMC | 125,000 | $547,500 | 0.21% |
| 116 | HELIOS TECHNOLOGIES INC | HLIO | 10,010 | $535,435 | 0.21% |
| 117 | CALIX INC | CALX | 10,000 | $529,300 | 0.20% |
| 118 | PROCORE TECHNOLOGIES INC | PCOR | 6,700 | $487,358 | 0.19% |
| 119 | SAVERS VALUE VLG INC | 80517M109 | 45,257 | $422,700 | 0.16% |
| 120 | BUILDERS FIRSTSOURCE INC | BLDR | 4,000 | $411,560 | 0.16% |
| 121 | BIRKENSTOCK HOLDING PLC | BIRK | 10,000 | $409,000 | 0.16% |
| 122 | INTERNATIONAL MNY EXPRESS IN | INTR | 22,058 | $338,811 | 0.13% |
| 123 | META PLATFORMS INC | META | 500 | $330,045 | 0.13% |
| 124 | SABLE OFFSHORE CORP | SOC | 26,968 | $243,251 | 0.09% |
| 125 | USA RARE EARTH INC | USAR | 20,000 | $238,000 | 0.09% |