Formula Systems
FORTY
12 hedge funds and large institutions have $2.45M invested in Formula Systems in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 3 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
33% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 3
10% more capital invested
Capital invested by funds: $2.22M → $2.45M (+$232K)
9% more funds holding
Funds holding: 11 → 12 (+1)
0% more ownership
Funds ownership: 0.16% → 0.16% (+0%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$293K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$65K |
| 3 |
BlackRock
New York
|
+$63.1K |
| 4 |
Morgan Stanley
New York
|
+$37.2K |
| 5 |
TA
TFG Advisers
Auburn Hills,
Michigan
|
+$3.99K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FB
Fulton Bank
Lancaster,
Pennsylvania
|
-$238K |
| 2 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
-$180K |
| 3 |
AF
Advisornet Financial
Minnetonka,
Minnesota
|
-$9K |
| 4 |
QCG
Quadrant Capital Group
Cincinnati,
Ohio
|
-$6.04K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$93 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GIA
1
GHP Investment Advisors
Denver,
Colorado
| $683K | – | – | – |
|
|
TA
2
TFG Advisers
Auburn Hills,
Michigan
| $600K | +$3.99K | +43 | +0.7% |
|
|
3
Citadel Advisors
Miami,
Florida
| $310K | +$293K | +3,149 | New |
|
|
4
Morgan Stanley
New York
| $206K | +$37.2K | +400 | +24% |
|
|
MYIA
5
Mount Yale Investment Advisors
Denver,
Colorado
| $202K | -$180K | -1,942 | -49% |
|
|
6
Fidelity Investments
Boston,
Massachusetts
| $184K | +$65K | +700 | +60% |
|
|
7
BlackRock
New York
| $136K | +$63.1K | +679 | +97% |
|
8
Bank of America
Charlotte,
North Carolina
| $98K | – | – | – |
|
|
9
UBS Group
Zurich,
Switzerland
| $20K | -$93 | -1 | -0.5% |
|
|
QCG
10
Quadrant Capital Group
Cincinnati,
Ohio
| $7K | -$6.04K | -65 | -49% |
|
|
S
11
SignatureFD
Atlanta,
Georgia
| $4K | +$3.53K | +38 | New |
|
12
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$2.23K | +24 | New |
|
|
FB
13
Fulton Bank
Lancaster,
Pennsylvania
| – | -$238K | -2,640 | Closed |
|
|
AF
14
Advisornet Financial
Minnetonka,
Minnesota
| – | -$9K | -100 | Closed |
|
FORTY Hedge Fund Activity: Q3 2021 in Review
12 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q3 2021, worth a combined $2.45M — up 10% from $2.22M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new FORTY positions and 2 closed out — a net gain of 1 holder — while 4 added to existing stakes and 3 trimmed.
The largest buyer was Citadel Advisors, opening a new position worth an estimated $293K. The largest seller was Fulton Bank, exiting entirely with an estimated $238K sold.
- 12 institutional investors held Formula Systems (FORTY) as of Q3 2021, up from 11 in Q2 2021.
- Funds reported $2.45M of Formula Systems stock for Q3 2021, up 10% quarter-over-quarter.
- 3 funds opened new Formula Systems positions in Q3 2021 and 2 closed out, a net change of +1 holder.
- The largest Formula Systems buyer in Q3 2021 was Citadel Advisors, an estimated $293K added.
- The largest Formula Systems seller in Q3 2021 was Fulton Bank, an estimated $238K sold.
Based on aggregated 13F filings for Q3 2021.