Root
ROOT
99 hedge funds and large institutions have $375M invested in Root in 2024 Q2 according to their latest regulatory filings, with 32 funds opening new positions, 27 increasing their positions, 26 reducing their positions, and 20 closing their positions.
83% more call options, than puts
Call options by funds: $29.9M | Put options by funds: $16.3M
60% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 20
14% more funds holding
Funds holding: 87 → 99 (+12)
9.74% more ownership
Funds ownership: 63.72% → 73.46% (+9.7%)
4% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 26
1% more capital invested
Capital invested by funds: $372M → $375M (+$2.67M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$26.5M |
| 2 |
Morgan Stanley
New York
|
+$16.9M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$10.9M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$10.3M |
| 5 |
State Street
Boston,
Massachusetts
|
+$8.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SI
Schusterman Interests
Tulsa,
Oklahoma
|
-$13.6M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$7.64M |
| 3 |
Millennium Management
New York
|
-$4.09M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$2.48M |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$2.1M |
ROOT Hedge Fund Activity: Q2 2024 in Review
99 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q2 2024, worth a combined $375M — up 0.72% from $372M a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new ROOT positions and 20 closed out — a net gain of 12 holders — while 27 added to existing stakes and 26 trimmed.
The largest buyer was BlackRock, adding an estimated $26.5M. The largest seller was Schusterman Interests, cutting an estimated $13.6M.
- 99 institutional investors held Root (ROOT) as of Q2 2024, up from 87 in Q1 2024.
- Funds reported $375M of Root stock for Q2 2024, up 0.72% quarter-over-quarter.
- 32 funds opened new Root positions in Q2 2024 and 20 closed out, a net change of +12 holders.
- The largest Root buyer in Q2 2024 was BlackRock, an estimated $26.5M added.
- The largest Root seller in Q2 2024 was Schusterman Interests, an estimated $13.6M sold.
Based on aggregated 13F filings for Q2 2024.