Formula Systems
FORTY
12 hedge funds and large institutions have $60.9M invested in Formula Systems in 2024 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 1 closing their positions.
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
9% more funds holding
Funds holding: 11 → 12 (+1)
0.02% more ownership
Funds ownership: 5.56% → 5.58% (+0.02%)
12% less capital invested
Capital invested by funds: $69.5M → $60.9M (-$8.59M)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$178K |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$9.91K |
| 3 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$8.75K |
| 4 |
BTI
Blue Trust Inc
Alpharetta,
Georgia
|
+$155 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PTC
Private Trust Company
Cleveland,
Ohio
|
-$8.3K |
| 2 |
BlackRock
New York
|
-$5.58K |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.79K |
| 4 |
TA
TFG Advisers
Auburn Hills,
Michigan
|
-$1.78K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
1
Clal Insurance
Tel-Aviv,
Israel
| $58.8M | – | – | – |
|
|
TA
2
TFG Advisers
Auburn Hills,
Michigan
| $525K | -$1.78K | -23 | -0.3% |
|
|
GIA
3
GHP Investment Advisors
Denver,
Colorado
| $482K | – | – | – |
|
|
AS
4
Altshuler Shaham
Tel Aviv,
Israel
| $478K | +$178K | +2,303 | +52% |
|
|
5
Dimensional Fund Advisors
Austin,
Texas
| $290K | -$3.79K | -49 | -1% |
|
6
Morgan Stanley
New York
| $201K | – | – | – |
|
7
Bank of America
Charlotte,
North Carolina
| $69.3K | – | – | – |
|
|
8
BlackRock
New York
| $47.1K | -$5.58K | -72 | -10% |
|
|
9
UBS Group
Zurich,
Switzerland
| $9.97K | +$9.91K | +128 | +800% |
|
|
10
RhumbLine Advisers
Boston,
Massachusetts
| $8.05K | +$8.75K | +113 | New |
|
11
Fidelity Investments
Boston,
Massachusetts
| $285 | – | – | – |
|
|
BTI
12
Blue Trust Inc
Alpharetta,
Georgia
| $155 | +$155 | +2 | New |
|
13
Wells Fargo
San Francisco,
California
| $9 | – | – | – |
|
|
PTC
14
Private Trust Company
Cleveland,
Ohio
| – | -$8.3K | -100 | Closed |
|
FORTY Hedge Fund Activity: Q2 2024 in Review
12 of the 6,927 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q2 2024, worth a combined $60.9M — down 12% from $69.5M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new FORTY positions and 1 closed out — a net gain of 1 holder — while 2 added to existing stakes and 3 trimmed.
The largest buyer was Altshuler Shaham, adding an estimated $178K. The largest seller was Private Trust Company, exiting entirely with an estimated $8.3K sold.
- 12 institutional investors held Formula Systems (FORTY) as of Q2 2024, up from 11 in Q1 2024.
- Funds reported $60.9M of Formula Systems stock for Q2 2024, down 12% quarter-over-quarter.
- 2 funds opened new Formula Systems positions in Q2 2024 and 1 closed out, a net change of +1 holder.
- The largest Formula Systems buyer in Q2 2024 was Altshuler Shaham, an estimated $178K added.
- The largest Formula Systems seller in Q2 2024 was Private Trust Company, an estimated $8.3K sold.
Based on aggregated 13F filings for Q2 2024.