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FORTY

Formula Systems
FORTY

17 hedge funds and large institutions have $109M invested in Formula Systems in 2025 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 1

48% more capital invested

Capital invested by funds: $73.7M → $109M (+$35.4M)

13% more funds holding

Funds holding: 15 → 17 (+2)

0.04% more ownership

Funds ownership: 5.56% → 5.6% (+0.04%)

0% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 3

Holders
17
Holders Change
+2
Holders Change %
+13.33%
% of All Funds
0.22%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
3
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
+$386K
2
MYIA
Mount Yale Investment Advisors
Colorado
+$168K
3
Raymond James Financial
Raymond James Financial
Florida
+$54.8K
4
AS
Altshuler Shaham
Israel
+$30.3K
5
TA
TFG Advisers
Michigan
+$2.89K

Top Sellers

Rank Fund Capital Flow
1
UBS Group
UBS Group
Switzerland
-$11.8K
2
Morgan Stanley
Morgan Stanley
New York
-$9.64K
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$8.77K
4
CCM
Coldstream Capital Management
Washington
-$1.74K
Name Holding Trade Value Shares
Change 		Change in
Stake
CI
1
Clal Insurance
Israel
$105M – – –
TA
2
TFG Advisers
Michigan
$931K +$2.89K +30 +0.4%
GIA
3
GHP Investment Advisors
Colorado
$889K – – –
AS
4
Altshuler Shaham
Israel
$539K +$30.3K +314 +8%
Northern Trust
5
Northern Trust
Illinois
$511K +$386K +4,000 New
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$456K -$8.77K -91 -2%
Morgan Stanley
7
Morgan Stanley
New York
$346K -$9.64K -100 -4%
MYIA
8
Mount Yale Investment Advisors
Colorado
$222K +$168K +1,740 New
Bank of America
9
Bank of America
North Carolina
$128K – – –
BlackRock
10
BlackRock
New York
$86.9K – – –
Raymond James Financial
11
Raymond James Financial
Florida
$72.6K +$54.8K +568 New
UBS Group
12
UBS Group
Switzerland
$37.3K -$11.8K -122 -29%
RhumbLine Advisers
13
RhumbLine Advisers
Massachusetts
$14.5K – – –
BNP Paribas Financial Markets
14
BNP Paribas Financial Markets
France
$12.8K – – –
PS
15
Principal Securities
Iowa
$9.07K – – –
Osaic Holdings
16
Osaic Holdings
Arizona
$1.66K +$964 +10 +333%
SS
17
SBI Securities
Japan
$1.28K – – –
Wells Fargo
18
Wells Fargo
California
$16 – – –
CCM
19
Coldstream Capital Management
Washington
– -$1.74K -20 Closed

FORTY Hedge Fund Activity: Q2 2025 in Review

17 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q2 2025, worth a combined $109M — up 48% from $73.7M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new FORTY positions and 1 closed out — a net gain of 2 holders — while 3 added to existing stakes and 3 trimmed.

The largest buyer was Northern Trust, opening a new position worth an estimated $386K. The largest seller was UBS Group, cutting an estimated $11.8K.

  • 17 institutional investors held Formula Systems (FORTY) as of Q2 2025, up from 15 in Q1 2025.
  • Funds reported $109M of Formula Systems stock for Q2 2025, up 48% quarter-over-quarter.
  • 3 funds opened new Formula Systems positions in Q2 2025 and 1 closed out, a net change of +2 holders.
  • The largest Formula Systems buyer in Q2 2025 was Northern Trust, an estimated $386K added.
  • The largest Formula Systems seller in Q2 2025 was UBS Group, an estimated $11.8K sold.

Based on aggregated 13F filings for Q2 2025.