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Portfolio (Quarterly) Guide ↗

FORMULA GROWTH LTD

· CIK 0001093219
13F Portfolio $222M AUM 137 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 35 New 19 Added 38 Reduced 23 Exited
Page 2 of 2  ·  38 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 ORLA ORLA MNG LTD NEW Basic Materials 74,000.0 $1.2M 0.54% -108K -59.3% $16.13 -22.0%
22 EHC ENCOMPASS HEALTH CORP Healthcare 10,403.0 $1.0M 0.45% -5K -32.6% $96.73 +8.5%
23 LIND LINDBLAD EXPEDITIONS HLDGS I Consumer Cyclical 55,591.0 $962K 0.43% -348K -86.2% $17.30 +23.5%
24 WCC WESCO INTL INC Industrials 3,300.0 $903K 0.41% -2K -31.2% $273.62 +36.3%
25 VCTR VICTORY CAP HLDGS INC DEL Financial Services 13,426.0 $879K 0.40% -18K -57.1% $65.48 +34.1%
26 DXCM DEXCOM INC Healthcare 13,856.0 $870K 0.39% -190.0 -1.4% $62.80 +14.7%
27 GPN GLOBAL PMTS INC Industrials 12,759.0 $859K 0.39% -18K -58.5% $67.30 +8.9%
28 EXFY EXPENSIFY INC Technology 890,000.0 $774K 0.35% -10K -1.1% $0.87 +32.2%
29 FIGS FIGS INC Consumer Cyclical 49,000.0 $724K 0.33% -46K -48.1% $14.77 -13.3%
30 OKTA OKTA INC Technology 8,000.0 $630K 0.28% -3K -27.3% $78.71 +19.3%
31 TBCH TURTLE BEACH CORP Technology 55,075.0 $558K 0.25% -125K -69.4% $10.14 +26.1%
32 KRUS KURA SUSHI USA INC Consumer Cyclical 7,780.0 $543K 0.24% -8K -50.1% $69.79 -19.2%
33 VITL VITAL FARMS INC Consumer Defensive 28,000.0 $395K 0.18% -2K -6.7% $14.12 -30.1%
34 XPEL XPEL INC Consumer Cyclical 8,800.0 $389K 0.18% -16K -64.2% $44.26 +4.4%
35 VUZI VUZIX CORP Technology 150,000.0 $346K 0.16% -180K -54.5% $2.31 +110.0%
36 GALAXY DIGITAL INC. 18,772.0 $346K 0.16% -76K -80.2% $18.45
37 USAR USA RARE EARTH INC Basic Materials 15,000.0 $227K 0.10% -5K -25.0% $15.13 +83.2%
38 IE IVANHOE ELECTRIC INC Technology 18,598.0 $220K 0.10% -19K -50.0% $11.82 +10.1%
Page 2 of 2  ·  38 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 32.2%
Industrials 25.5%
Healthcare 16.3%
Consumer Cyclical 15.9%
Financial Services 3.9%
Communication Services 2.1%
Consumer Defensive 1.9%
Real Estate 0.8%
Basic Materials 0.7%
Energy 0.6%