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Root
ROOT

65 hedge funds and large institutions have $63.7M invested in Root in 2023 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 23 increasing their positions, 10 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 4

130% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 10

100% more call options, than puts

Call options by funds: $3.17M | Put options by funds: $1.58M

13% more capital invested

Capital invested by funds: $56.1M → $63.7M (+$7.55M)

10% more funds holding

Funds holding: 59 → 65 (+6)

1.17% more ownership

Funds ownership: 62.14% → 63.31% (+1.2%)

17% less funds holding in top 10

Funds holding in top 10: 6 → 5 (-1)

Holders
65
Holders Change
+6
Holders Change %
+10.17%
% of All Funds
0.95%
Holding in Top 10
5
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-16.67%
% of All Funds
0.07%
New
12
Increased
23
Reduced
10
Closed
4
Calls
$3.17M
Puts
$1.58M
Net Calls
+$1.58M
Net Calls Change
+$173K

Top Buyers

Rank Fund Capital Flow
1
CC
Cannell Capital
Wyoming
+$4.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$618K
3
Morgan Stanley
Morgan Stanley
New York
+$580K
4
Renaissance Technologies
Renaissance Technologies
New York
+$389K
5
Citigroup
Citigroup
New York
+$365K

Top Sellers

Rank Fund Capital Flow
1
SLG
Silver Lake Group
California
-$4.89M
2
RJA
Raymond James & Associates
Florida
-$849K
3
GC
GMT Capital
Georgia
-$759K
4
Millennium Management
Millennium Management
New York
-$492K
5
GCP
GSA Capital Partners
United Kingdom
-$272K
Name Holding Trade Value Shares
Change 		Change in
Stake
HNB
51
Huntington National Bank
Ohio
$5.24K – – –
Deutsche Bank
52
Deutsche Bank
Germany
$5.02K – – –
RhumbLine Advisers
53
RhumbLine Advisers
Massachusetts
$4.95K – – –
FDCDDQ
54
Federation des caisses Desjardins du Quebec
Quebec, Canada
$4.3K – – –
PNC Financial Services Group
55
PNC Financial Services Group
Pennsylvania
$3.14K – – –
CAL
56
Capital Advisors Ltd
Ohio
$3K – – –
Federated Hermes
57
Federated Hermes
Pennsylvania
$2.92K -$2.69K -271 -49%
AW
58
Avion Wealth
Texas
$1K -$1.12K -113 -53%
Russell Investments Group
59
Russell Investments Group
United Kingdom
$755 – – –
WWM
60
Wolff Wiese Magana
California
$420 – – –
Nisa Investment Advisors
61
Nisa Investment Advisors
Missouri
$367 – – –
GI
62
Gradient Investments
Minnesota
$356 – – –
GI
63
GAMMA Investing
California
$348 +$427 +43 New
APM
64
a16z Perennial Management
California
$105 +$99 +10 New
SLG
65
Silver Lake Group
California
– -$4.89M -514,403 Closed
GC
66
GMT Capital
Georgia
– -$759K -79,815 Closed
Marshall Wace
67
Marshall Wace
United Kingdom
– -$128K -13,505 Closed
Creative Planning
68
Creative Planning
Kansas
– -$48 -5 Closed
Simplex Trading
69
Simplex Trading
Illinois
– +$357 +36 New
1 2
3

ROOT Hedge Fund Activity: Q4 2023 in Review

65 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q4 2023, worth a combined $63.7M — up 13% from $56.1M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new ROOT positions and 4 closed out — a net gain of 8 holders — while 23 added to existing stakes and 10 trimmed.

The largest buyer was Cannell Capital, adding an estimated $4.2M. The largest seller was Silver Lake Group, exiting entirely with an estimated $4.89M sold.

  • 65 institutional investors held Root (ROOT) as of Q4 2023, up from 59 in Q3 2023.
  • Funds reported $63.7M of Root stock for Q4 2023, up 13% quarter-over-quarter.
  • 12 funds opened new Root positions in Q4 2023 and 4 closed out, a net change of +8 holders.
  • The largest Root buyer in Q4 2023 was Cannell Capital, an estimated $4.2M added.
  • The largest Root seller in Q4 2023 was Silver Lake Group, an estimated $4.89M sold.

Based on aggregated 13F filings for Q4 2023.