Root
ROOT
87 hedge funds and large institutions have $372M invested in Root in 2024 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 17 increasing their positions, 22 reducing their positions, and 10 closing their positions.
485% more capital invested
Capital invested by funds: $63.7M → $372M (+$309M)
220% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 10
34% more funds holding
Funds holding: 65 → 87 (+22)
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
16% more call options, than puts
Call options by funds: $27.6M | Put options by funds: $23.9M
0.41% more ownership
Funds ownership: 63.31% → 63.72% (+0.41%)
23% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$8.59M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$7.77M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$2.04M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$1.53M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$1.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
-$7.51M |
| 2 |
SI
Schusterman Interests
Tulsa,
Oklahoma
|
-$5.72M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.23M |
| 4 |
Morgan Stanley
New York
|
-$1.26M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$1.15M |
ROOT Hedge Fund Activity: Q1 2024 in Review
87 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q1 2024, worth a combined $372M — up 485% from $63.7M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new ROOT positions and 10 closed out — a net gain of 22 holders — while 17 added to existing stakes and 22 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $8.59M. The largest seller was Cannell Capital, exiting entirely with an estimated $7.51M sold.
- 87 institutional investors held Root (ROOT) as of Q1 2024, up from 65 in Q4 2023.
- Funds reported $372M of Root stock for Q1 2024, up 485% quarter-over-quarter.
- 32 funds opened new Root positions in Q1 2024 and 10 closed out, a net change of +22 holders.
- The largest Root buyer in Q1 2024 was D.E. Shaw & Co, an estimated $8.59M added.
- The largest Root seller in Q1 2024 was Cannell Capital, an estimated $7.51M sold.
Based on aggregated 13F filings for Q1 2024.