Formula Systems
FORTY
11 hedge funds and large institutions have $56.2M invested in Formula Systems in 2023 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and closing their positions.
2,012% more capital invested
Capital invested by funds: $2.66M → $56.2M (+$53.6M)
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
10% more funds holding
Funds holding: 10 → 11 (+1)
5.29% more ownership
Funds ownership: 0.24% → 5.54% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$50.1M |
| 2 |
Morgan Stanley
New York
|
+$180K |
| 3 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$52.7K |
| 4 |
TA
TFG Advisers
Auburn Hills,
Michigan
|
+$5.89K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.5K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$992 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
1
Clal Insurance
Tel-Aviv,
Israel
| $53.6M | +$50.1M | +808,061 | New |
|
|
AS
2
Altshuler Shaham
Tel Aviv,
Israel
| $945K | +$52.7K | +850 | +6% |
|
|
TA
3
TFG Advisers
Auburn Hills,
Michigan
| $484K | +$5.89K | +95 | +1% |
|
|
GIA
4
GHP Investment Advisors
Denver,
Colorado
| $466K | – | – | – |
|
|
5
Morgan Stanley
New York
| $369K | +$180K | +2,899 | +99% |
|
6
Dimensional Fund Advisors
Austin,
Texas
| $268K | – | – | – |
|
7
Bank of America
Charlotte,
North Carolina
| $63.5K | – | – | – |
|
8
BlackRock
New York
| $47.8K | – | – | – |
|
|
PTC
9
Private Trust Company
Cleveland,
Ohio
| $6.53K | – | – | – |
|
|
10
Fidelity Investments
Boston,
Massachusetts
| $260 | -$11.5K | -186 | -98% |
|
|
11
UBS Group
Zurich,
Switzerland
| $127 | -$992 | -16 | -89% |
|
12
Wells Fargo
San Francisco,
California
| $8 | – | – | – |
|
FORTY Hedge Fund Activity: Q4 2023 in Review
11 of the 6,863 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q4 2023, worth a combined $56.2M — up 2,012% from $2.66M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new FORTY positions and 0 closed out — a net gain of 1 holder — while 3 added to existing stakes and 2 trimmed.
The largest buyer was Clal Insurance, opening a new position worth an estimated $50.1M. The largest seller was Fidelity Investments, cutting an estimated $11.5K.
- 11 institutional investors held Formula Systems (FORTY) as of Q4 2023, up from 10 in Q3 2023.
- Funds reported $56.2M of Formula Systems stock for Q4 2023, up 2,012% quarter-over-quarter.
- 1 fund opened new Formula Systems positions in Q4 2023 and 0 closed out, a net change of +1 holder.
- The largest Formula Systems buyer in Q4 2023 was Clal Insurance, an estimated $50.1M added.
- The largest Formula Systems seller in Q4 2023 was Fidelity Investments, an estimated $11.5K sold.
Based on aggregated 13F filings for Q4 2023.