Yelin Lapidot Amends 13G for Formula Systems (1985) Ltd.

TL;DR

**Yelin Lapidot still holds a big chunk of Formula Systems, signaling institutional confidence.**

AI Summary

Yelin Lapidot Holdings Management Ltd. filed an Amendment No. 5 to Schedule 13G on January 31, 2024, reporting their ownership in Formula Systems (1985) Ltd. as of December 31, 2023. This filing indicates that Dov Yelin, a group member, holds a significant stake in Formula Systems, which could signal confidence from institutional investors. For shareholders, this continued substantial ownership by a major investment firm suggests a stable institutional backing, potentially reducing volatility and indicating a long-term investment perspective.

Why It Matters

This filing shows that a major institutional investor, Yelin Lapidot Holdings Management Ltd., continues to hold a significant stake in Formula Systems (1985) Ltd., which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — This filing is an amendment to an existing ownership report and does not indicate any new significant risks or changes in company fundamentals.

Analyst Insight

Investors should note the continued institutional ownership by Yelin Lapidot Holdings Management Ltd. in Formula Systems (1985) Ltd., which can be a factor in assessing long-term stability, but should also conduct their own due diligence on the company's fundamentals.

Key Players & Entities

• Yelin Lapidot Holdings Management Ltd. (company) — the entity filing the SC 13G/A amendment
• Formula Systems (1985) Ltd. (company) — the subject company in which shares are held
• Dov Yelin (person) — a reporting person and group member
• Yair Lapidot (person) — a group member
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Yelin Lapidot Holdings Management Ltd. will maintain a significant stake in Formula Systems (1985) Ltd. throughout 2024. (Yelin Lapidot Holdings Management Ltd.) — medium confidence, target: 2024-12-31

FAQ

Filing Documents

• ea192491-13ga5yelin_formula.htm (SC 13G/A) — 72KB
• 0001213900-24-008127.txt ( ) — 74KB

From the Filing

SC 13G/A 1 ea192491-13ga5yelin_formula.htm AMENDMENT NO. 5 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. 5)* Formula Systems (1985) Ltd. (Name of Issuer) Ordinary Shares, NIS 1 par value (Title of Class of Securities) 346414105 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 346414105 13G Page 2 of 9 Pages 1 NAME OF REPORTING PERSONS Dov Yelin 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER --- 6 SHARED VOTING POWER 981 ,589 (*) 7 SOLE DISPOSITIVE POWER --- 8 SHARED DISPOSITIVE POWER 981 ,589 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 981 ,589 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.40% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) IN (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 15,332,667 Ordinary Shares outstanding as of December 27, 2023 (as reported on Bloomberg LP). CUSIP No. 346414105 13G Page 3 of 9 Pages 1 NAME OF REPORTING PERSONS Yair Lapidot 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER --- 6 SHARED VOTING POWER 981 ,589 (*) 7 SOLE DISPOSITIVE POWER --- 8 SHARED DISPOSITIVE POWER 981 ,589 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 981 ,589 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.40% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) IN (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 15,332,667 Ordinary Shares outstanding as of December 27, 2023 (as reported on Bloomberg LP). CUSIP No. 346414105 13G Page 4 of 9 Pages 1 NAME OF REPORTING PERSONS Yelin Lapidot Holdings Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions) (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Israel NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER --- 6 SHARED VOTING POWER 981 ,589 (*) 7 SOLE DISPOSITIVE POWER --- 8 SHARED DISPOSITIVE POWER 981 ,589 (*) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 981 ,589 (*) 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 6.40% (*) (**) 12 TYPE OF REPORTING PERSON (See instructions) CO (*) The beneficial ownership of the securities reported herein is described in Item 4(a). (**) Based on 15,332,667 Ordinary Shares outstanding as of December 27, 2023 (as reported on Bloomberg LP). Item 1. (a) Name of Issuer : Formula Systems (1985) Ltd. (b) Address of Issuer’s Principal Executive Offices : Yahadut Canada 1 Street, Or Yehuda 6037501, Israel Item 2. (a) Name of Person Filing : Dov Yelin Yair Lapidot Yelin Lapidot Holdings Management Ltd. (b) Address of Principal Business Office : Dov Yelin – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel Yair Lapidot – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel Yelin Lapidot Holdings Management Ltd. – 50 Dizengoff St., Dizengoff Center, Gate 3, Top Tower, 13th floor, Tel Aviv 64332, Israel (c) Citizenship or Place of Incorporation : Dov Yelin – Israel Yair Lapidot – Israel Yelin Lapidot Holdings Management Ltd. – Israel (d) Title of Class of Securitie

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View this SC 13G/A filing on SEC EDGAR