Formula Systems
FORTY
6 hedge funds and large institutions have $697K invested in Formula Systems in 2019 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 1 reducing their positions, and 2 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 1
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
21% more capital invested
Capital invested by funds: $577K → $697K (+$120K)
20% more funds holding
Funds holding: 5 → 6 (+1)
0% less ownership
Funds ownership: 0.1% → 0.1% (-0%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TA
TFG Advisers
Auburn Hills,
Michigan
|
+$185K |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$39.8K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.08K |
| 4 |
Morgan Stanley
New York
|
+$3.98K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.71K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$207K |
| 2 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
-$9.79K |
| 3 |
Wells Fargo
San Francisco,
California
|
-$40 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MYIA
1
Mount Yale Investment Advisors
Denver,
Colorado
| $348K | -$9.79K | -246 | -3% |
|
|
TA
2
TFG Advisers
Auburn Hills,
Michigan
| $212K | +$185K | +4,657 | New |
|
|
3
Morgan Stanley
New York
| $62K | +$3.98K | +100 | +8% |
|
|
4
Bank of America
Charlotte,
North Carolina
| $46K | +$39.8K | +1,000 | New |
|
|
5
UBS Group
Zurich,
Switzerland
| $27K | +$8.08K | +203 | +52% |
|
|
TRCT
6
Tower Research Capital (TRC)
New York
| $2K | +$1.71K | +43 | New |
|
|
7
Jane Street
New York
| – | -$207K | -5,805 | Closed |
|
|
8
Wells Fargo
San Francisco,
California
| – | -$40 | -1 | Closed |
|
FORTY Hedge Fund Activity: Q1 2019 in Review
6 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q1 2019, worth a combined $697K — up 21% from $577K a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FORTY positions and 2 closed out — a net gain of 1 holder — while 2 added to existing stakes and 1 trimmed.
The largest buyer was TFG Advisers, opening a new position worth an estimated $185K. The largest seller was Jane Street, exiting entirely with an estimated $207K sold.
- 6 institutional investors held Formula Systems (FORTY) as of Q1 2019, up from 5 in Q4 2018.
- Funds reported $697K of Formula Systems stock for Q1 2019, up 21% quarter-over-quarter.
- 3 funds opened new Formula Systems positions in Q1 2019 and 2 closed out, a net change of +1 holder.
- The largest Formula Systems buyer in Q1 2019 was TFG Advisers, an estimated $185K added.
- The largest Formula Systems seller in Q1 2019 was Jane Street, an estimated $207K sold.
Based on aggregated 13F filings for Q1 2019.