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Livermore
Livermore
ZHEN

Formula Growth Ltd

SEC CIK
0001093219
Latest filing
Aug 17, 2026

The latest 13F from Formula Growth Ltd covers Q2 2026 (filed Aug 17, 2026): 145 long positions worth $284.3M. The top 10 holdings make up 22.8% of the portfolio, and the largest is Micron Technology Inc (MU) at 4.9%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
32
Est. +$31.4M
Added
28
Est. +$23.6M
Reduced
43
Est. −$31.9M
Sold out
24
Est. −$18.8M

Top 5 holdings

Share of this quarter's portfolio value

  1. MUMicron Technology Inc
    4.9%$13.9MHistory
  2. SWIMLatham Group, Inc.
    3.1%$8.90MHistory
  3. SSYSStratasys Ltd.
    2.6%$7.36MHistory
  4. COMPCompass, Inc.
    2.1%$6.01MHistory
  5. ALHCAlignment Healthcare, Inc.
    1.9%$5.27MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. GHGuardant Health, Inc.
    +$2.90MNewHistory
  2. CALXCalix, Inc
    +$2.87MAddedHistory
  3. KVYOKlaviyo, Inc.
    +$2.27MAddedHistory
  4. ICLRIcon PLC
    +$2.03MAddedHistory
  5. UCTTUltra Clean Holdings, Inc.
    +$1.70MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GHGuardant Health, Inc.
    +1.02 pp0.0% → 1.0%History
  2. ICLRIcon PLC
    +0.79 pp0.3% → 1.1%History
  3. EVHEvolent Health, Inc.
    +0.70 pp0.2% → 0.9%History
  4. LINDLindblad Expeditions Holdings, Inc.
    +0.67 pp0.4% → 1.1%History
  5. CALXCalix, Inc
    +0.67 pp0.8% → 1.5%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MUMicron Technology Inc
    −$10.4MReducedHistory
  2. NOKNokia Corp
    −$3.65MReducedHistory
  3. FPSForgent Power Solutions, Inc.
    −$2.93MReducedHistory
  4. NAVNNavan, Inc.
    −$1.85MSold outHistory
  5. ARCBArcbest Corp
    −$1.85MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. NAVNNavan, Inc.
    −0.84 pp0.8% → 0.0%History
  2. ARCBArcbest Corp
    −0.84 pp0.8% → 0.0%History
  3. NOKNokia Corp
    −0.79 pp1.7% → 0.9%History
  4. INSMINSMED Inc
    −0.66 pp0.7% → 0.0%History
  5. FOXFFox Factory Holding Corp
    −0.63 pp2.1% → 1.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$284.3M
+$62.7M (+28.3%) vs. prior quarter
Positions
145
+8 vs. prior quarter
Top 10 concentration
22.8%
Top 10 as share of value
Turnover
20.0%
Q2 2026, one quarter
Average holding period
9.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $725.4M (Q2 2021)

Q1 2021: $692.5MQ2 2021: $725.4MQ3 2021: $686.4MQ4 2021: $563.0MQ1 2022: $523.5MQ2 2022: $361.1MQ3 2022: $350.0MQ4 2022: $340.5MQ1 2023: $310.5MQ2 2023: $314.1MQ3 2023: $293.0MQ4 2023: $312.1MQ1 2024: $313.0MQ2 2024: $275.2MQ3 2024: $291.2MQ4 2024: $295.4MQ1 2025: $246.6MQ2 2025: $264.7MQ3 2025: $281.1MQ4 2025: $259.5MQ1 2026: $221.6MQ2 2026: $284.3M
Q1 2021Q2 2026
13F filings of Formula Growth Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 17, 2026145$284.3MMUSWIMSSYSvs. Q1 2026SEC
Q1 2026May 14, 2026137$221.6MMUSWIMSSYSvs. Q4 2025SEC
Q4 2025Feb 13, 2026125$259.5MMUSWIMJHXvs. Q3 2025SEC
Q3 2025Nov 13, 2025122$281.1MSWIMJHXTEAMvs. Q2 2025SEC
Q2 2025Aug 13, 2025119$264.7MSWIMSSYSUAvs. Q1 2025SEC
Q1 2025May 14, 2025118$246.6MSWIMSSYSUAvs. Q4 2024SEC
Q4 2024Feb 13, 2025115$295.4MSWIMUASNBRQvs. Q3 2024SEC
Q3 2024Nov 13, 2024109$291.2MSWIMCROXBBWvs. Q2 2024SEC
Q2 2024Aug 13, 2024109$275.2MMUCROXPAGSvs. Q1 2024SEC
Q1 2024May 14, 2024112$313.0MPAGSEVHPLAYvs. Q4 2023SEC
Q4 2023Feb 13, 2024128$312.1MPAGSEVHARCBvs. Q3 2023SEC
Q3 2023Nov 13, 2023136$293.0MUEVHPAGSvs. Q2 2023SEC
Q2 2023Aug 11, 2023135$314.1MEVHPAGSUvs. Q1 2023SEC
Q1 2023May 12, 2023129$310.5MEVHBABAACVAvs. Q4 2022SEC
Q4 2022Feb 13, 2023128$340.5MEVHPAGSNOWvs. Q3 2022SEC
Q3 2022Nov 10, 2022127$350.0MPAGSSTNEEVHvs. Q2 2022SEC
Q2 2022Aug 12, 2022130$361.1MEVHSTNEPAGSvs. Q1 2022SEC
Q1 2022May 13, 2022139$523.5MUAPAGSZUOvs. Q4 2021SEC
Q4 2021Feb 14, 2022138$563.0MRNGSPGZENvs. Q3 2021SEC
Q3 2021Nov 12, 2021144$686.4MVonage Holdings CorpSPGParamount Globalvs. Q2 2021SEC
Q2 2021Aug 13, 2021147$725.4MParamount GlobalBABACSODvs. Q1 2021SEC
Q1 2021May 14, 2021163$692.5MNUANCSODVonage Holdings Corp–SEC