Formula Growth Limited

Overview

Established in 1960, Formula Growth Limited is an independent investment firm based in Montreal, Canada. The firm specializes in managing equity portfolios for high-net-worth individuals, family offices, and institutional investors, focusing on global equity investments. Utilizing a bottom-up, fundamental research approach, Formula Growth targets growth companies—often innovative and entrepreneur-led—that exhibit strong or recovering sales and earnings. The firm evaluates hundreds of opportunities annually to identify undervalued investments with clear catalysts and defined price targets, typically within a 1–3 year time horizon. The firm's investment strategy emphasizes uncovering high-conviction ideas in the small and mid-cap global stock markets, which are often less understood and inefficient. Formula Growth's in-house research team, with a satellite office in New York City, conducts extensive fundamental research, meeting with over 1,000 management teams annually and maintaining an internal database of thousands of companies. The firm seeks long investment positions that are overlooked or undervalued based on fundamental valuation criteria, focusing on companies with rapidly growing revenue and earnings, experiencing cyclical recovery, or undergoing restructuring to improve profitability. As a 100% employee-owned, independent boutique investment advisor, Formula Growth Limited has a long-term track record of creating investor wealth. The firm is registered with the Autorité des marchés financiers (AMF) in Quebec and the U.S. Securities and Exchange Commission (SEC), and is a signatory of the CFA Asset Manager Code and the Standards Board for Alternative Investments (SBAI). Additionally, Formula Growth is a member of the Alternative Investment Management Association (AIMA).

Investment Focus

• Accredited Investor Status

Portfolio Companies