FORMULA GROWTH LTD

CIK 0001093219 · Q1 2026

13F Equity AUM

$221.6M

-14.6% QoQ

Positions

137

+12 QoQ

AUM Rank

#7,003

Top 56%

Skill Alpha (FF)

-3.6%/yr^ns

No Clear Edge

Rank #6,764 · Top 82%

vs S&P -5.2%/yr (unadj.)

Quarters Tracked

~10 years

Portfolio Concentration

Top 5: 13.2%Top 10: 22.4%Top 20: 36.6%

MU3.2%

SWIM3.0%

SSYS2.8%

FOXF2.1%

JAMES HARDIE INDS PLC2.0%

XPO2.0%

ALHC1.9%

COMP1.9%

NOK1.7%

CECO1.7%

Others (127)77.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Technology30.0%

Industrials24.6%

Healthcare14.4%

Consumer Cyclical14.3%

Unclassified5.5%

Financial Services3.8%

Communication Services2.7%

Other4.8%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 137Median: 0.56%Avg: 0.73%

0–0.5%

59(16.6%)

0.5–1%

42(28.6%)

1–3%

34(48.5%)

3–5%

2(6.2%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 136Unique: 1vs 20 funds

1.9%Low

137

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

GEODE CAPITAL MANAGEMENT, LLC

3.8%

BlackRock, Inc.

3.3%

MORGAN STANLEY

2.5%

STATE STREET CORP

3.8%

VANGUARD CAPITAL MANAGEMENT LLC

3.7%

BANK OF AMERICA CORP /DE/

2.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

4.3%

JPMORGAN CHASE & CO

2.3%

FMR LLC

3.6%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New35Increased19Decreased45Exited23

New Positions

MOD1.4%

+15K

KVYO1.3%

+150K

EQUIPMENTSHARE COM I…1.3%

+137K

FORGENT POWER SOLUTI…1.1%

+83K

MDB1.0%

+9K

IM8N0.7%

+9K

WDAY0.6%

+10K

LNTH0.6%

+16K

CSTL0.5%

+46K

ROAD0.5%

+10K

Increased

NOK1.7%

+200K(+73%)

FOXF2.1%

+140K(+101%)

COMP1.9%

+140K(+33%)

SSYS2.8%

+140K(+21%)

NAVN0.8%

+90K(+180%)

MEC0.8%

+60K(+150%)

U1.3%

+50K(+63%)

LAW1.4%

+50K(+7%)

ZIP0.3%

+50K(+17%)

SWIM3.0%

+50K(+4%)

Decreased

LIND0.4%

-348,000(-86%)

PACK1.1%

-295,000(-30%)

UA1.1%

-200,000(-33%)

VUZI0.2%

-180,000(-55%)

TBCH0.3%

-125,000(-69%)

OLA0.5%

-108,000(-59%)

GLXY0.2%

-76,000(-80%)

GDYN0.7%

-75,389(-23%)

AEYE0.6%

-70,000(-26%)

JAMES HARDIE INDS PL…2.0%

-70,000(-23%)

Exited

-163,376

-20,000

-11,018

-87,883

-50,000

-42,224

-105,000

-120,000

-11,684

-10,000

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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