Formula Systems
FORTY
15 hedge funds and large institutions have $118M invested in Formula Systems in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 3 closing their positions.
8% more capital invested
Capital invested by funds: $109M → $118M (+$9.18M)
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
0.06% less ownership
Funds ownership: 5.6% → 5.54% (-0.06%)
12% less funds holding
Funds holding: 17 → 15 (-2)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
CX Institutional
Auburn,
Indiana
|
+$366K |
| 2 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$145K |
| 3 |
GIA
GHP Investment Advisors
Denver,
Colorado
|
+$97.5K |
| 4 |
EWA
EverSource Wealth Advisors
Birmingham,
Alabama
|
+$1.68K |
| 5 |
Morgan Stanley
New York
|
+$775 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$511K |
| 2 |
MYIA
Mount Yale Investment Advisors
Denver,
Colorado
|
-$222K |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$72.6K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$42.2K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$21.8K |
FORTY Hedge Fund Activity: Q3 2025 in Review
15 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in Formula Systems (FORTY) for Q3 2025, worth a combined $118M — up 8.4% from $109M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FORTY and 2 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 3 added.
The largest buyer was CX Institutional, opening a new position worth an estimated $366K. The largest seller was Northern Trust, exiting entirely with an estimated $511K sold.
- 15 institutional investors held Formula Systems (FORTY) as of Q3 2025, down from 17 in Q2 2025.
- Funds reported $118M of Formula Systems stock for Q3 2025, up 8.4% quarter-over-quarter.
- 2 funds opened new Formula Systems positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest Formula Systems buyer in Q3 2025 was CX Institutional, an estimated $366K added.
- The largest Formula Systems seller in Q3 2025 was Northern Trust, an estimated $511K sold.
Based on aggregated 13F filings for Q3 2025.