Root
ROOT
97 hedge funds and large institutions have $304M invested in Root in 2021 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 37 increasing their positions, 14 reducing their positions, and 26 closing their positions.
164% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 14
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
3% more funds holding
Funds holding: 94 → 97 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.12% less ownership
Funds ownership: 3.92% → 2.81% (-1.1%)
15% less call options, than puts
Call options by funds: $16.8M | Put options by funds: $19.9M
54% less capital invested
Capital invested by funds: $664M → $304M (-$360M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Soviero Asset Management
New York
|
+$28.3M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$13.7M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$10M |
| 4 |
GC
GMT Capital
Atlanta,
Georgia
|
+$6.49M |
| 5 |
Jane Street
New York
|
+$5.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Coatue Management
New York
|
-$49.2M |
| 2 |
Ensign Peak Advisors
Salt Lake City,
Utah
|
-$29.6M |
| 3 |
MC
MIG Capital
Newport Beach,
California
|
-$17.1M |
| 4 |
GH
GAM Holding
Zurich,
Switzerland
|
-$14M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$14M |
ROOT Hedge Fund Activity: Q3 2021 in Review
97 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q3 2021, worth a combined $304M — down 54% from $664M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new ROOT positions and 26 closed out — a net gain of 3 holders — while 37 added to existing stakes and 14 trimmed.
The largest buyer was Soviero Asset Management, opening a new position worth an estimated $28.3M. The largest seller was Coatue Management, exiting entirely with an estimated $49.2M sold.
- 97 institutional investors held Root (ROOT) as of Q3 2021, up from 94 in Q2 2021.
- Funds reported $304M of Root stock for Q3 2021, down 54% quarter-over-quarter.
- 29 funds opened new Root positions in Q3 2021 and 26 closed out, a net change of +3 holders.
- The largest Root buyer in Q3 2021 was Soviero Asset Management, an estimated $28.3M added.
- The largest Root seller in Q3 2021 was Coatue Management, an estimated $49.2M sold.
Based on aggregated 13F filings for Q3 2021.