FORMULA SYSTEMS 1985 LTD FORTY
SPONSORED ADS · ADR · CUSIP 346414105
- SectorTechnology
- IndustryServices-Computer Programming Services
- HeadquartersOr Yehuda, Israel
- Founded1985
- Websiteformulasystems.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $103.98.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 13 |
| Q4 2022 | 13 |
| Q1 2023 | 13 |
| Q2 2023 | 12 |
| Q3 2023 | 12 |
| Q4 2023 | 13 |
| Q1 2024 | 13 |
| Q2 2024 | 14 |
| Q3 2024 | 14 |
| Q4 2024 | 16 |
| Q1 2025 | 17 |
| Q2 2025 | 19 |
| Q3 2025 | 16 |
| Q4 2025 | 16 |
| Q1 2026 | 15 |
| Q2 2026 | 14 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 3 | 6 |
| Q4 2024 | 4 | 3 |
| Q1 2025 | 4 | 2 |
| Q2 2025 | 6 | 4 |
| Q3 2025 | 5 | 6 |
| Q4 2025 | 2 | 7 |
| Q1 2026 | 5 | 3 |
| Q2 2026 | 2 | 7 |
Biggest buyers
| ROYAL BANK OF CANADA | New | +500 |
| OSAIC HOLDINGS, INC. | Added | +2 |
Biggest sellers
| Clal Insurance Enterprises Holdings Ltd | Reduced | -47.0k |
| Altshuler Shaham Ltd | Reduced | -5.2k |
| ELEVATION POINT WEALTH PARTNERS, LLC | Sold out | -1.9k |
| CX Institutional | Reduced | -315 |
| UBS Group AG | Reduced | -70 |
| SBI Securities Co., Ltd. | Sold out | -10 |
| MORGAN STANLEY | Reduced | -1 |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| MENORA MIVTACHIM HOLDINGS LTD. 13G · passive investor filed 2026-08-05 | 8.9% |
Fell to 5% or below in the last year: Harel Insurance Investments & Financial Services Ltd. (4.9%, 2026-07-29)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Clal Insurance Enterprises Holdings Ltd 0.36% of their portfolio | 777.7k $80.9m | Reduced -47.0k |
| GHP Investment Advisors, Inc. 0.03% of their portfolio | 7.7k $787.1k | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 3.3k $344.6k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 2.7k $276.1k | Reduced -1 |
| Altshuler Shaham Ltd 0.00% of their portfolio | 2.6k $231.4k | Reduced -5.2k |
| CX Institutional 0.01% of their portfolio | 1.8k $188.0k | Reduced -315 |
| BlackRock, Inc. 0.00% of their portfolio | 680 $69.4k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 500 $51.0k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 100 $10.4k | Unchanged |
| Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio | 75 $8.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 57 $5.8k | Reduced -70 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 7 $714 | Added +2 |
| Smartleaf Asset Management LLC 0.00% of their portfolio | 2 $206 | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 0 $12 | Unchanged |