SCHEDULE: Meitav Investment House Discloses Formula Systems Stake

Meitav Investment House Ltd. has filed a Schedule 13G, reporting beneficial ownership of 4.96% of Formula Systems (1985) Ltd.'s ordinary shares as of June 4, 2026.

Summary

• Meitav Investment House Ltd. (the "Reporting Person") has filed an amendment to its Schedule 13G, indicating its beneficial ownership of Formula Systems (1985) Ltd. ordinary shares.
• The filing reports a total of 760,367 ordinary shares beneficially owned, representing 4.96% of the class of securities outstanding.
• This ownership is held through various direct or indirect, majority or wholly-owned subsidiaries of Meitav Investment House Ltd.
• Some shares are held in third-party client accounts managed by a subsidiary as portfolio managers, which operate under independent management and make independent investment decisions.
• The filing explicitly disclaims the existence of a group for the purpose of Section 13(d) of the Securities Exchange Act of 1934 and disclaims beneficial ownership in excess of actual pecuniary interest.
• The total number of outstanding ordinary shares used for the percentage calculation is 15,334,667 as of June 4, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily a routine disclosure of beneficial ownership without significant new strategic information or performance data.

Positives

• Meitav Investment House Ltd. has disclosed its significant stake, providing transparency to the market regarding ownership of Formula Systems (1985) Ltd.
• The filing indicates that subsidiaries manage their own funds and/or the funds of others, suggesting a diversified investment approach.

Negatives

• The filing explicitly disclaims beneficial ownership in excess of actual pecuniary interest, which could imply a nuanced or limited control over the shares.
• The disclaimer regarding the existence of a 'group' might suggest a lack of coordinated action among the subsidiaries regarding these shares.

Risks

• The disclaimer that subsidiaries operate under independent management and make independent investment decisions means that voting power and disposition decisions are decentralized, potentially leading to varied actions regarding the shares.
• The company's reliance on third-party client accounts for some holdings means that investment decisions and voting power for those shares are not solely controlled by Meitav Investment House Ltd.

Future Outlook

No specific forward-looking statements or guidance were provided in this Schedule 13G filing.

Management Comments

• "Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions."
• "Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Person or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group."
• "The Filing Person and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein."
• "This Statement shall not be construed as an admission by the Filing Person or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement, and each of Filing Person and Subsidiaries disclaims beneficial ownership of any such Ordinary Shares."

Industry Context

StockSavvy.ai notes that this Schedule 13G filing by Meitav Investment House Ltd. is a standard disclosure for institutional investors crossing a certain ownership threshold. It provides transparency into the ownership structure of Formula Systems (1985) Ltd. and reflects typical investment management practices in the financial services industry.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional investor's stake in the company.
• Management: Awareness of Meitav Investment House Ltd.'s ownership position and potential influence.
• Regulators: Compliance with SEC reporting requirements.

Next Steps

• Continued monitoring of Meitav Investment House Ltd.'s holdings in Formula Systems (1985) Ltd. for any future changes or disclosures.
• Analysis of Formula Systems (1985) Ltd.'s own financial reports and strategic updates for further insights.

Key Dates

Keywords

Schedule 13G, Meitav Investment House Ltd, Formula Systems (1985) Ltd, Beneficial Ownership, Ordinary Shares, SEC Filing, Investment Management, Portfolio Management, Israel