# EDGAR Filing Document

**Accession Number:** 0001093219
**File Stem:** 0001011438-23-000259
**Filing Date:** 2023-2
**Character Count:** 16238
**Document Hash:** 2a68259933ff43f32a2807ea12a5851a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001011438-23-000259.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001011438-23-000259

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**EFFECTIVENESS DATE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FORMULA GROWTH LTD
- **CENTRAL INDEX KEY:** 0001093219
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** A8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-17511
- **FILM NUMBER:** 23618583

**BUSINESS ADDRESS:**
- **STREET 1:** 1010 SHERBROOKE ST W SUITE 2300
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2R7
- **BUSINESS PHONE:** 514-288-5136

**MAIL ADDRESS:**
- **STREET 1:** 1010 SHERBROOKE ST W SUITE 2300
- **CITY:** MONTREAL
- **STATE:** A8
- **ZIP:** H3A 2R7

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** FORMULA GROWTH LTD<br>**Address:** 1010 SHERBROOKE ST W SUITE 2300<br>MONTREAL, A8 H3A 2R7

**Form 13F File Number:** 028-17511

**CRD Number (if applicable):** 000163245

**SEC File Number (if applicable):** 801-110365

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Ari Kiriazidis<br>**Title:** Chief Compliance Officer<br>**Phone:** 514-288-5136

**Signature, Place, and Date of Signing:**

/s/ Ari Kiriazidis  Montreal, A8  02-13-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 129

**Form 13F Information Table Value Total:** $353134785

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ACV AUCTIONS INC | COM CL A | 00091G104 |  | 5013929 | 610710 | SH |  | SOLE |  | 610710 | 0 | 0 |
| ALIGNMENT HEALTHCARE INC | COM | 01625V104 |  | 2239104 | 190400 | SH |  | SOLE |  | 190400 | 0 | 0 |
| ALPHATEC HLDGS INC | COM NEW | 02081G201 |  | 5266040 | 426400 | SH |  | SOLE |  | 426400 | 0 | 0 |
| AMBARELLA INC | SHS | G037AX101 |  | 822300 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 5135138 | 803621 | SH |  | SOLE |  | 803621 | 0 | 0 |
| DBX ETF TR | XTRACK HRVST CSI | 233051879 |  | 12609000 | 450000 | SH | Call | SOLE |  | 450000 | 0 | 0 |
| ATLASSIAN CORPORATION | CL A | 049468101 |  | 3860400 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| AXOS FINANCIAL INC | COM | 05465C100 |  | 1514429 | 39624 | SH |  | SOLE |  | 39624 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 4066504 | 158600 | SH |  | SOLE |  | 158600 | 0 | 0 |
| BGC PARTNERS INC | CL A | 05541T101 |  | 1170740 | 310541 | SH |  | SOLE |  | 310541 | 0 | 0 |
| BLUELINX HOLDINGS INC | COM NEW | 09624H208 |  | 4164344 | 58562 | SH |  | SOLE |  | 58562 | 0 | 0 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1046774 | 16134 | SH |  | SOLE |  | 16134 | 0 | 0 |
| CALAVO GROWERS INC | COM | 128246105 |  | 2205000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 1030032 | 236789 | SH |  | SOLE |  | 236789 | 0 | 0 |
| CARDIOVASCULAR SYS INC DEL | COM | 141619106 |  | 472914 | 34722 | SH |  | SOLE |  | 34722 | 0 | 0 |
| CASELLA WASTE SYS INC | CL A | 147448104 |  | 1705165 | 21500 | SH |  | SOLE |  | 21500 | 0 | 0 |
| CENTURY CASINOS INC | COM | 156492100 |  | 1406000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| CERENCE INC | COM | 156727109 |  | 240686 | 12989 | SH |  | SOLE |  | 12989 | 0 | 0 |
| CERUS CORP | COM | 157085101 |  | 884359 | 242290 | SH |  | SOLE |  | 242290 | 0 | 0 |
| CHICOS FAS INC | COM | 168615102 |  | 976162 | 198407 | SH |  | SOLE |  | 198407 | 0 | 0 |
| CHURCHILL DOWNS INC | COM | 171484108 |  | 2992157 | 14152 | SH |  | SOLE |  | 14152 | 0 | 0 |
| CIMPRESS PLC | SHS EURO | G2143T103 |  | 311993 | 11300 | SH |  | SOLE |  | 11300 | 0 | 0 |
| CONSENSUS CLOUD SOLUTIONS IN | COM | 20848V105 |  | 193912 | 3607 | SH |  | SOLE |  | 3607 | 0 | 0 |
| COPA HOLDINGS SA | CL A | P31076105 |  | 1289135 | 15500 | SH |  | SOLE |  | 15500 | 0 | 0 |
| COSTAR GROUP INC | COM | 22160N109 |  | 4250400 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| DAVE  BUSTERS ENTMT INC | COM | 238337109 |  | 3188147 | 89959 | SH |  | SOLE |  | 89959 | 0 | 0 |
| DESPEGAR COM CORP | ORD SHS | G27358103 |  | 1594173 | 310755 | SH |  | SOLE |  | 310755 | 0 | 0 |
| DESTINATION XL GROUP INC | COM | 25065K104 |  | 5126004 | 759408 | SH |  | SOLE |  | 759408 | 0 | 0 |
| DOLBY LABORATORIES INC | COM CL A | 25659T107 |  | 1446070 | 20500 | SH |  | SOLE |  | 20500 | 0 | 0 |
| DRAFTKINGS INC NEW | COM CL A | 26142V105 |  | 987217 | 86674 | SH |  | SOLE |  | 86674 | 0 | 0 |
| DROPBOX INC | CL A | 26210C104 |  | 1611360 | 72000 | SH |  | SOLE |  | 72000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 3054500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| EPAM SYS INC | COM | 29414B104 |  | 598453 | 1826 | SH |  | SOLE |  | 1826 | 0 | 0 |
| EURONET WORLDWIDE INC | COM | 298736109 |  | 1557270 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| EVOLENT HEALTH INC | CL A | 30050B101 |  | 9289426 | 330820 | SH |  | SOLE |  | 330820 | 0 | 0 |
| FABRINET | SHS | G3323L100 |  | 3128568 | 24400 | SH |  | SOLE |  | 24400 | 0 | 0 |
| FEDEX CORP | COM | 31428X106 |  | 3412040 | 19700 | SH |  | SOLE |  | 19700 | 0 | 0 |
| FIDELITY NATL INFORMATION SV | COM | 31620M106 |  | 819153 | 12073 | SH |  | SOLE |  | 12073 | 0 | 0 |
| FIRST SOLAR INC | COM | 336433107 |  | 1497900 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FIRSTCASH HOLDINGS INC | COM | 33768G107 |  | 869100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| FIVE BELOW INC | COM | 33829M101 |  | 6862910 | 38802 | SH |  | SOLE |  | 38802 | 0 | 0 |
| FREEPORT-MCMORAN INC | CL B | 35671D857 |  | 1491804 | 39258 | SH |  | SOLE |  | 39258 | 0 | 0 |
| GAP INC | COM | 364760108 |  | 958800 | 85000 | SH |  | SOLE |  | 85000 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 3386712 | 45600 | SH |  | SOLE |  | 45600 | 0 | 0 |
| GXO LOGISTICS INCORPORATED | COMMON STOCK | 36262G101 |  | 1921050 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| H EQUIPMENT SERVICES INC | COM | 404030108 |  | 6844867 | 150768 | SH |  | SOLE |  | 150768 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 6478920 | 27000 | SH |  | SOLE |  | 27000 | 0 | 0 |
| HELEN OF TROY LTD | COM | G4388N106 |  | 1663650 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 4619966 | 61756 | SH |  | SOLE |  | 61756 | 0 | 0 |
| HOME BANCSHARES INC | COM | 436893200 |  | 1479344 | 64912 | SH |  | SOLE |  | 64912 | 0 | 0 |
| HUNT J B TRANS SVCS INC | COM | 445658107 |  | 1743600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| IAA INC | COM | 449253103 |  | 4992600 | 124815 | SH |  | SOLE |  | 124815 | 0 | 0 |
| IMAX CORP | COM | 45245E109 |  | 3780008 | 257845 | SH |  | SOLE |  | 257845 | 0 | 0 |
| INSULET CORP | COM | 45784P101 |  | 1707462 | 5800 | SH |  | SOLE |  | 5800 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 2801580 | 106000 | SH |  | SOLE |  | 106000 | 0 | 0 |
| INTERNATIONAL MNY EXPRESS IN | COM | 46005L101 |  | 4358038 | 178828 | SH |  | SOLE |  | 178828 | 0 | 0 |
| KATAPULT HOLDINGS INC | COM | 485859102 |  | 292292 | 305521 | SH |  | SOLE |  | 305521 | 0 | 0 |
| KB HOME | COM | 48666K109 |  | 1783600 | 56000 | SH |  | SOLE |  | 56000 | 0 | 0 |
| KIRBY CORP | COM | 497266106 |  | 755791 | 11745 | SH |  | SOLE |  | 11745 | 0 | 0 |
| KORNIT DIGITAL LTD | SHS | M6372Q113 |  | 562765 | 24500 | SH |  | SOLE |  | 24500 | 0 | 0 |
| LATHAM GROUP INC | COM | 51819L107 |  | 2447200 | 760000 | SH |  | SOLE |  | 760000 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 2869850 | 147702 | SH |  | SOLE |  | 147702 | 0 | 0 |
| LKQ CORP | COM | 501889208 |  | 4700080 | 88000 | SH |  | SOLE |  | 88000 | 0 | 0 |
| LYFT INC | CL A COM | 55087P104 |  | 2204000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| META PLATFORMS INC | CL A | 30303M102 |  | 962720 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| METHODE ELECTRS INC | COM | 591520200 |  | 3455757 | 77885 | SH |  | SOLE |  | 77885 | 0 | 0 |
| MICRON TECHNOLOGY INC | COM | 595112103 |  | 2313824 | 46295 | SH |  | SOLE |  | 46295 | 0 | 0 |
| MODIVCARE INC | COM | 60783X104 |  | 1345950 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 |  | 905979 | 17585 | SH |  | SOLE |  | 17585 | 0 | 0 |
| MOMENTIVE GLOBAL INC | COM | 60878Y108 |  | 4200000 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| NEOGENOMICS INC | COM NEW | 64049M209 |  | 1665972 | 180300 | SH |  | SOLE |  | 180300 | 0 | 0 |
| NEW RELIC INC | COM | 64829B100 |  | 4233750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| NOKIA CORP | SPONSORED ADR | 654902204 |  | 3897600 | 840000 | SH |  | SOLE |  | 840000 | 0 | 0 |
| NV5 GLOBAL INC | COM | 62945V109 |  | 2580240 | 19500 | SH |  | SOLE |  | 19500 | 0 | 0 |
| OKTA INC | CL A | 679295105 |  | 5124750 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| ORTHOPEDIATRICS CORP | COM | 68752L100 |  | 5198988 | 130858 | SH |  | SOLE |  | 130858 | 0 | 0 |
| PAGSEGURO DIGITAL LTD | COM CL A | G68707101 |  | 8436600 | 965286 | SH |  | SOLE |  | 965286 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 1575825 | 11293 | SH |  | SOLE |  | 11293 | 0 | 0 |
| PAYPAL HLDGS INC | COM | 70450Y103 |  | 6267360 | 88000 | SH |  | SOLE |  | 88000 | 0 | 0 |
| PAYSAFE LIMITED | SHS | G6964L206 |  | 598326 | 43076 | SH |  | SOLE |  | 43076 | 0 | 0 |
| PERFORMANT FINL CORP | COM | 71377E105 |  | 1877200 | 520000 | SH |  | SOLE |  | 520000 | 0 | 0 |
| PGT INNOVATIONS INC | COM | 69336V101 |  | 538800 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| PINDUODUO INC | SPONSORED ADS | 722304102 |  | 407750 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| PINTEREST INC | CL A | 72352L106 |  | 2428000 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| PROGYNY INC | COM | 74340E103 |  | 3167145 | 101674 | SH |  | SOLE |  | 101674 | 0 | 0 |
| PROSHARES TR | ULTSHRT QQQ | 74347G739 |  | 545370 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| RALPH LAUREN CORP | CL A | 751212101 |  | 3962625 | 37500 | SH |  | SOLE |  | 37500 | 0 | 0 |
| RINGCENTRAL INC | CL A | 76680R206 |  | 4772168 | 134807 | SH |  | SOLE |  | 134807 | 0 | 0 |
| ROSS STORES INC | COM | 778296103 |  | 1915155 | 16500 | SH |  | SOLE |  | 16500 | 0 | 0 |
| RXO INC | COMMON STOCK | 74982T103 |  | 774000 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| RYANAIR HOLDINGS PLC | SPONSORED ADS | 783513203 |  | 2239436 | 29955 | SH |  | SOLE |  | 29955 | 0 | 0 |
| SERVICE PPTYS TR | COM SH BEN INT | 81761L102 |  | 1458000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| SERVICENOW INC | COM | 81762P102 |  | 8153670 | 21000 | SH |  | SOLE |  | 21000 | 0 | 0 |
| SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 |  | 3404460 | 138000 | SH |  | SOLE |  | 138000 | 0 | 0 |
| SHOPIFY INC | CL A | 82509L107 |  | 5206500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| SIRIUS XM HOLDINGS INC | COM | 82968B103 |  | 1135296 | 194400 | SH |  | SOLE |  | 194400 | 0 | 0 |
| SIX FLAGS ENTMT CORP NEW | COM | 83001A102 |  | 3185250 | 137000 | SH |  | SOLE |  | 137000 | 0 | 0 |
| SMARTSHEET INC | COM CL A | 83200N103 |  | 621731 | 15796 | SH |  | SOLE |  | 15796 | 0 | 0 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 |  | 3941600 | 80000 | SH |  | SOLE |  | 80000 | 0 | 0 |
| SPOTIFY TECHNOLOGY S A | SHS | L8681T102 |  | 2763250 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| SS TECHNOLOGIES HLDGS INC | COM | 78467J100 |  | 4435512 | 85200 | SH |  | SOLE |  | 85200 | 0 | 0 |
| STAAR SURGICAL CO | COM PAR $0.01 | 852312305 |  | 495108 | 10200 | SH |  | SOLE |  | 10200 | 0 | 0 |
| STONECO LTD | COM CL A | G85158106 |  | 6512760 | 689911 | SH |  | SOLE |  | 689911 | 0 | 0 |
| STRIDE INC | COM | 86333M108 |  | 3284588 | 105006 | SH |  | SOLE |  | 105006 | 0 | 0 |
| SUNOPTA INC | COM | 8676EP108 |  | 1853289 | 219584 | SH |  | SOLE |  | 219584 | 0 | 0 |
| TANDEM DIABETES CARE INC | COM NEW | 875372203 |  | 2124022 | 47253 | SH |  | SOLE |  | 47253 | 0 | 0 |
| TELUS INTL CDA INC | SUB VTG SHS | 87975H100 |  | 828706 | 41875 | SH |  | SOLE |  | 41875 | 0 | 0 |
| TETRA TECH INC NEW | COM | 88162G103 |  | 2032660 | 14000 | SH |  | SOLE |  | 14000 | 0 | 0 |
| TITAN MACHY INC | COM | 88830R101 |  | 2582450 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| TRAEGER INC | COMMON STOCK | 89269P103 |  | 1195680 | 424000 | SH |  | SOLE |  | 424000 | 0 | 0 |
| TTEC HLDGS INC | COM | 89854H102 |  | 882600 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| TWILIO INC | CL A | 90138F102 |  | 2315220 | 47288 | SH |  | SOLE |  | 47288 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 6479730 | 262019 | SH |  | SOLE |  | 262019 | 0 | 0 |
| UNDER ARMOUR INC | CL C | 904311206 |  | 7136000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| UNITED STS OIL FD LP | UNITS | 91232N207 |  | 847630 | 12090 | SH |  | SOLE |  | 12090 | 0 | 0 |
| UNITY SOFTWARE INC | COM | 91332U101 |  | 4002600 | 140000 | SH |  | SOLE |  | 140000 | 0 | 0 |
| UPLAND SOFTWARE INC | COM | 91544A109 |  | 198927 | 27900 | SH |  | SOLE |  | 27900 | 0 | 0 |
| ETF SER SOLUTIONS | US GLB JETS | 26922A842 |  | 2252579 | 131884 | SH |  | SOLE |  | 131884 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 802480 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| VERACYTE INC | COM | 92337F107 |  | 996660 | 42000 | SH |  | SOLE |  | 42000 | 0 | 0 |
| VIRTU FINL INC | CL A | 928254101 |  | 2467896 | 120916 | SH |  | SOLE |  | 120916 | 0 | 0 |
| WEX INC | COM | 96208T104 |  | 2732955 | 16700 | SH |  | SOLE |  | 16700 | 0 | 0 |
| WHEELS UP EXPERIENCE INC | COM CL A | 96328L106 |  | 912380 | 885806 | SH |  | SOLE |  | 885806 | 0 | 0 |
| WIX COM LTD | SHS | M98068105 |  | 960375 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| WYNDHAM HOTELS  RESORTS INC | COM | 98311A105 |  | 3198111 | 44848 | SH |  | SOLE |  | 44848 | 0 | 0 |
| XPO LOGISTICS INC | COM | 983793100 |  | 1498050 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| ZIFF DAVIS INC | COM | 48123V102 |  | 855941 | 10821 | SH |  | SOLE |  | 10821 | 0 | 0 |
| ZILLOW GROUP INC | CL C CAP STK | 98954M200 |  | 6787162 | 210716 | SH |  | SOLE |  | 210716 | 0 | 0 |
| ZUORA INC | COM CL A | 98983V106 |  | 3448780 | 542261 | SH |  | SOLE |  | 542261 | 0 | 0 |

---