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Formula Growth LTD

CIK:0001093219
Hedge Fund
$369M AUM
119 holdings
Montreal, QC, Canada
Founded:1960
16 employees
Latest filing:Jun 30, 2025

Formula Growth Limited is an independent investment firm founded in 1960 and headquartered in Montreal, Canada. The firm also maintains an office in New York, USA. Formula Growth is registered with both the AMF and SEC, and serves institutional and accredited investors through pooled investment vehicles and hedge funds. As of 2025, Formula Growth manages approximately $369 million in assets and employs around 15 to 16 people, with a significant portion focused on investment functions.

Investment Strategy

Formula Growth specializes in absolute return equity long/short strategies, aiming to achieve superior risk-adjusted returns. The firm focuses on thorough bottom-up research to identify long and short equity opportunities, operating primarily through pooled investment vehicles. The investment philosophy emphasizes flexibility and prudent risk management, with an emphasis on capital preservation and outperformance across market cycles.

Latest 13F Filing Activity

Formula Growth LTD filed their most recent 13F report on Jun 30, 2025 disclosing 117 equity positions with a total 13F market value of $265M. The fund increased holdings in James Hardie Inds PLC, Tutor Perini Corp., Lantheus HLDGS Inc. among other positions. Formula Growth LTD reduced exposure to Wayfair Inc., Palomar HLDGS Inc., Eli Lilly & Co. among others.

Top Buys
J
JHXJAMES HARDIE INDS PLC
+$5.9M
T
TPCTUTOR PERINI CORP
+$3.0M
L
LNTHLANTHEUS HLDGS INC
+$2.1M
T
TATTTAT TECHNOLOGIES LTD
+$2.1M
U
UUNITY SOFTWARE INC
+$1.8M
Top Sells
W
WWAYFAIR INC
-$3.8M
P
PLMRPALOMAR HLDGS INC
-$2.5M
L
LLYELI LILLY & CO
-$2.2M
C
CALXCALIX INC
-$1.9M
P
PAGSPAGSEGURO DIGITAL LTD
-$1.9M

Top Holdings

S
SWIMLATHAM GROUP INC
+3.2%$8.4M
S
SSYSSTRATASYS LTD
+2.8%$7.5M
U
UAUNDER ARMOUR INC
+2.5%$6.5M
J
JHXJAMES HARDIE INDS PLC
+2.2%$5.9M
T
TEAMATLASSIAN CORPORATION
+2.2%$5.9M

Equity Positions (117)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
LATHAM GROUP INC3.18%$8.4M1,318,033$3.70$6.38+$1.0M
STRATASYS LTD2.82%$7.5M650,000$8.61$11.47+$1.3M
UNDER ARMOUR INC2.45%$6.5M1,000,000$9.51$6.49+$540.0K
JAMES HARDIE INDS PLC2.24%$5.9M220,140$26.89$26.89+$5.9M
ATLASSIAN CORPORATION2.23%$5.9M29,000$210.79$203.09+$690.5K

Industry Allocation

SERVICES-PREPACKAGED SOFTWARE
+16.3%
SERVICES-BUSINESS SERVICES, NEC
+7.8%
TRANSPORTATION SERVICES
+4.3%
SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
+4.0%
SERVICES-MEDICAL LABORATORIES
+3.2%