Root
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$3.05M |
| 2 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$1.43M |
| 3 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$336K |
| 4 |
HV
HST Ventures
Park City,
Utah
|
+$188K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$180K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alyeska Investment Group
Chicago,
Illinois
|
-$1.31M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$631K |
| 3 |
HF
HRT Financial
New York
|
-$266K |
| 4 |
Millennium Management
New York
|
-$231K |
| 5 |
Squarepoint
New York
|
-$192K |
ROOT Hedge Fund Activity: Q3 2023 in Review
59 of the 6,310 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.