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ROOT

59 hedge funds and large institutions have $56.1M invested in Root in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 11 increasing their positions, 16 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

79% more call options, than puts

Call options by funds: $3.19M | Put options by funds: $1.78M

11% more capital invested

Capital invested by funds: $50.8M → $56.1M (+$5.36M)

1.06% more ownership

Funds ownership: 61.08% → 62.14% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

6% less funds holding

Funds holding: 63 → 59 (-4)

15% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 13

31% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 16

Holders
59
Holders Change
-4
Holders Change %
-6.35%
% of All Funds
0.94%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.1%
New
11
Increased
11
Reduced
16
Closed
13
Calls
$3.19M
Puts
$1.78M
Net Calls
+$1.41M
Net Calls Change
+$229K

Top Buyers

1
CC
Cannell Capital
Wyoming
+$3.05M
2
RJA
Raymond James & Associates
Florida
+$1.43M
3
TI
Trexquant Investment
Connecticut
+$336K
4
HV
HST Ventures
Utah
+$188K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$180K

Top Sellers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$1.31M
2
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$631K
3
HF
HRT Financial
New York
-$266K
4
Millennium Management
Millennium Management
New York
-$231K
5
Squarepoint
Squarepoint
New York
-$192K
Name Holding Trade Value Shares
Change 		Change in
Stake
RCGI
1
Ribbit Capital GP IV
California
$15.6M – – –
SFG
2
SVB Financial Group
Texas
$7.45M – – –
SLG
3
Silver Lake Group
California
$4.89M – – –
SI
4
Schusterman Interests
Oklahoma
$4.62M – – –
Vanguard Group
5
Vanguard Group
Pennsylvania
$3.7M +$180K +17,370 +5%
CC
6
Cannell Capital
Wyoming
$2.8M +$3.05M +293,923 New
GP
7
Galileo PTC
British Virgin Islands
$2.4M – – –
Renaissance Technologies
8
Renaissance Technologies
New York
$1.63M -$98.4K -9,500 -5%
DIG
9
Dragoneer Investment Group
California
$1.47M – – –
RJA
10
Raymond James & Associates
Florida
$1.32M +$1.43M +138,319 New
GCP
11
GSA Capital Partners
United Kingdom
$1.26M -$12.7K -1,226 -0.9%
Susquehanna International Group
12
Susquehanna International Group
Pennsylvania
$1.21M -$13.3K -1,284 -1%
BlackRock
13
BlackRock
New York
$1.1M -$64.1K -6,187 -5%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$772K +$35.5K +3,430 +4%
GC
15
GMT Capital
Georgia
$759K – – –
Millennium Management
16
Millennium Management
New York
$713K -$231K -22,309 -23%
Invesco
17
Invesco
Georgia
$584K +$4.97K +480 +0.8%
Morgan Stanley
18
Morgan Stanley
New York
$471K -$112K -10,828 -18%
BC
19
Bullfrog Capital
California
$410K – – –
HV
20
HST Ventures
Utah
$405K +$188K +18,163 +74%
State Street
21
State Street
Massachusetts
$384K +$32.1K +3,100 +8%
TI
22
Trexquant Investment
Connecticut
$309K +$336K +32,474 New
RJFSA
23
Raymond James Financial Services Advisors
Florida
$238K +$155K +14,913 +148%
RM
24
Redpoint Management
California
$206K – – –
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$176K +$41 +4 +0%
1
2 3

ROOT Hedge Fund Activity: Q3 2023 in Review

59 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q3 2023, worth a combined $56.1M — up 11% from $50.8M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of ROOT and 11 opened new positions — a net loss of 2 holders — while 16 trimmed existing stakes and 11 added.

The largest buyer was Cannell Capital, opening a new position worth an estimated $3.05M. The largest seller was Alyeska Investment Group, exiting entirely with an estimated $1.31M sold.

  • 59 institutional investors held Root (ROOT) as of Q3 2023, down from 63 in Q2 2023.
  • Funds reported $56.1M of Root stock for Q3 2023, up 11% quarter-over-quarter.
  • 11 funds opened new Root positions in Q3 2023 and 13 closed out, a net change of -2 holders.
  • The largest Root buyer in Q3 2023 was Cannell Capital, an estimated $3.05M added.
  • The largest Root seller in Q3 2023 was Alyeska Investment Group, an estimated $1.31M sold.

Based on aggregated 13F filings for Q3 2023.