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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

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

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
RMC
1
Ribbit Management Company
California
$17.6M +$16.7M +1,681,303 New
SFG
2
SVB Financial Group
Texas
$8.21M – – –
CC
3
Cannell Capital
Wyoming
$7.51M +$4.2M +423,120 +144%
SI
4
Schusterman Interests
Oklahoma
$5.09M – – –
Vanguard Group
5
Vanguard Group
Pennsylvania
$4.11M +$30.9K +3,119 +0.8%
GP
6
Galileo PTC
British Virgin Islands
$2.65M – – –
Renaissance Technologies
7
Renaissance Technologies
New York
$2.21M +$389K +39,168 +23%
Susquehanna International Group
8
Susquehanna International Group
Pennsylvania
$1.67M +$319K +32,135 +25%
DIG
9
Dragoneer Investment Group
California
$1.62M – – –
BlackRock
10
BlackRock
New York
$1.46M +$244K +24,554 +21%
Morgan Stanley
11
Morgan Stanley
New York
$1.13M +$580K +58,456 +118%
GCP
12
GSA Capital Partners
United Kingdom
$1.1M -$272K -27,404 -21%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$904K +$50.7K +5,114 +6%
Two Sigma Investments
14
Two Sigma Investments
New York
$653K +$618K +62,287 New
Invesco
15
Invesco
Georgia
$651K +$6.75K +680 +1%
RJA
16
Raymond James & Associates
Florida
$552K -$849K -85,603 -62%
HV
17
HST Ventures
Utah
$544K +$92.4K +9,317 +22%
TI
18
Trexquant Investment
Connecticut
$488K +$140K +14,096 +43%
Citigroup
19
Citigroup
New York
$432K +$365K +36,808 +843%
State Street
20
State Street
Massachusetts
$389K -$32.1K -3,232 -8%
RJFSA
21
Raymond James Financial Services Advisors
Florida
$360K +$93.2K +9,390 +38%
Citadel Advisors
22
Citadel Advisors
Florida
$337K +$307K +30,946 +2,516%
Jane Street
23
Jane Street
New York
$335K +$317K +31,972 New
Northern Trust
24
Northern Trust
Illinois
$300K +$113K +11,392 +66%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$285K +$270K +27,204 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.