Formula Systems
FORTY
7 hedge funds and large institutions have $823K invested in Formula Systems in 2015 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 2 reducing their positions, and 3 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 2
22% less funds holding
Funds holding: 9 → 7 (-2)
58% less capital invested
Capital invested by funds: $1.94M → $823K (-$1.12M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TRCT
Tower Research Capital (TRC)
New York
|
+$13.8K |
| 2 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
+$55 |
| 3 |
Morgan Stanley
New York
|
+$28 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ativo Capital Management
Chicago,
Illinois
|
-$601K |
| 2 |
Renaissance Technologies
New York
|
-$465K |
| 3 |
AP
Advisors Preferred
Rockville,
Maryland
|
-$18.4K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$10.7K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
1
Renaissance Technologies
New York
| $713K | -$465K | -16,900 | -39% |
|
|
AIG
2
American International Group
New York
| $50.8K | – | – | – |
|
|
3
Morgan Stanley
New York
| $23K | +$28 | +1 | +0.1% |
|
|
4
UBS Group
Zurich,
Switzerland
| $18K | -$10.7K | -388 | -37% |
|
|
TRCT
5
Tower Research Capital (TRC)
New York
| $18K | +$13.8K | +502 | +302% |
|
|
ACM
6
Ativo Capital Management
Chicago,
Illinois
| – | -$601K | -21,492 | Closed |
|
|
AP
7
Advisors Preferred
Rockville,
Maryland
| – | -$18.4K | -700 | Closed |
|
|
ASN
8
Advisory Services Network
Atlanta,
Georgia
| – | +$55 | +2 | New |
|
FORTY Hedge Fund Activity: Q2 2015 in Review
7 of the 3,713 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q2 2015, worth a combined $823K — down 58% from $1.94M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FORTY and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 2 added.
The largest buyer was Tower Research Capital (TRC), adding an estimated $13.8K. The largest seller was Ativo Capital Management, exiting entirely with an estimated $601K sold.
- 7 institutional investors held Formula Systems (FORTY) as of Q2 2015, down from 9 in Q1 2015.
- Funds reported $823K of Formula Systems stock for Q2 2015, down 58% quarter-over-quarter.
- 1 fund opened new Formula Systems positions in Q2 2015 and 3 closed out, a net change of -2 holders.
- The largest Formula Systems buyer in Q2 2015 was Tower Research Capital (TRC), an estimated $13.8K added.
- The largest Formula Systems seller in Q2 2015 was Ativo Capital Management, an estimated $601K sold.
Based on aggregated 13F filings for Q2 2015.