Formula Systems
FORTY
6 hedge funds and large institutions have $1.29M invested in Formula Systems in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 2 closing their positions.
50% more capital invested
Capital invested by funds: $857K → $1.29M (+$429K)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
0.03% more ownership
Funds ownership: 0.1% → 0.13% (+0.03%)
14% less funds holding
Funds holding: 7 → 6 (-1)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIA
GHP Investment Advisors
Denver,
Colorado
|
+$318K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$19.4K |
| 3 |
Morgan Stanley
New York
|
+$233 |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$58 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$52K |
| 2 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
-$9.08K |
| 3 |
TA
TFG Advisers
Auburn Hills,
Michigan
|
-$5K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
-$2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MYIA
1
Mount Yale Investment Advisors
Denver,
Colorado
| $463K | -$9.08K | -156 | -2% |
|
|
GIA
2
GHP Investment Advisors
Denver,
Colorado
| $343K | +$318K | +5,460 | New |
|
|
TA
3
TFG Advisers
Auburn Hills,
Michigan
| $274K | -$5K | -86 | -2% |
|
|
4
Morgan Stanley
New York
| $84K | +$233 | +4 | +0.3% |
|
|
5
Bank of America
Charlotte,
North Carolina
| $63K | +$58 | +1 | +0.1% |
|
|
6
UBS Group
Zurich,
Switzerland
| $59K | +$19.4K | +334 | +56% |
|
|
AS
7
Altshuler Shaham
Tel Aviv,
Israel
| – | -$52K | -1,000 | Closed |
|
|
TRCT
8
Tower Research Capital (TRC)
New York
| – | -$2K | -30 | Closed |
|
FORTY Hedge Fund Activity: Q3 2019 in Review
6 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q3 2019, worth a combined $1.29M — up 50% from $857K a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of FORTY and 1 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 3 added.
The largest buyer was GHP Investment Advisors, opening a new position worth an estimated $318K. The largest seller was Altshuler Shaham, exiting entirely with an estimated $52K sold.
- 6 institutional investors held Formula Systems (FORTY) as of Q3 2019, down from 7 in Q2 2019.
- Funds reported $1.29M of Formula Systems stock for Q3 2019, up 50% quarter-over-quarter.
- 1 fund opened new Formula Systems positions in Q3 2019 and 2 closed out, a net change of -1 holder.
- The largest Formula Systems buyer in Q3 2019 was GHP Investment Advisors, an estimated $318K added.
- The largest Formula Systems seller in Q3 2019 was Altshuler Shaham, an estimated $52K sold.
Based on aggregated 13F filings for Q3 2019.