Root
ROOT
63 hedge funds and large institutions have $50.8M invested in Root in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 9 increasing their positions, 19 reducing their positions, and 26 closing their positions.
81% more capital invested
Capital invested by funds: $28.1M → $50.8M (+$22.7M)
32% more call options, than puts
Call options by funds: $4.83M | Put options by funds: $3.65M
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
7.28% less ownership
Funds ownership: 68.36% → 61.08% (-7.3%)
11% less funds holding
Funds holding: 71 → 63 (-8)
31% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 26
53% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
+$813K |
| 2 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$739K |
| 3 |
Millennium Management
New York
|
+$538K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$468K |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$390K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$2.14M |
| 2 |
HA
HHLR Advisors
Grand Cayman,
Cayman Islands
|
-$627K |
| 3 |
State Street
Boston,
Massachusetts
|
-$578K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$455K |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$347K |
ROOT Hedge Fund Activity: Q2 2023 in Review
63 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q2 2023, worth a combined $50.8M — up 81% from $28.1M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of ROOT and 18 opened new positions — a net loss of 8 holders — while 19 trimmed existing stakes and 9 added.
The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $813K. The largest seller was BlackRock, cutting an estimated $2.14M.
- 63 institutional investors held Root (ROOT) as of Q2 2023, down from 71 in Q1 2023.
- Funds reported $50.8M of Root stock for Q2 2023, up 81% quarter-over-quarter.
- 18 funds opened new Root positions in Q2 2023 and 26 closed out, a net change of -8 holders.
- The largest Root buyer in Q2 2023 was Alyeska Investment Group, an estimated $813K added.
- The largest Root seller in Q2 2023 was BlackRock, an estimated $2.14M sold.
Based on aggregated 13F filings for Q2 2023.