Root
ROOT
103 hedge funds and large institutions have $279M invested in Root in 2024 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 36 increasing their positions, 21 reducing their positions, and 24 closing their positions.
71% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 21
60% more call options, than puts
Call options by funds: $19.7M | Put options by funds: $12.3M
17% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 24
4% more funds holding
Funds holding: 99 → 103 (+4)
3.7% less ownership
Funds ownership: 73.46% → 69.76% (-3.7%)
26% less capital invested
Capital invested by funds: $375M → $279M (-$95.7M)
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
GMT Capital
Atlanta,
Georgia
|
+$7.71M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$4.84M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.78M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$2.98M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$2.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFG
SVB Financial Group
Dallas,
Texas
|
-$40.4M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$9.15M |
| 3 |
Morgan Stanley
New York
|
-$7.25M |
| 4 |
D.E. Shaw & Co
New York
|
-$7M |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$4.37M |
ROOT Hedge Fund Activity: Q3 2024 in Review
103 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Root (ROOT) for Q3 2024, worth a combined $279M — down 26% from $375M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new ROOT positions and 24 closed out — a net gain of 4 holders — while 36 added to existing stakes and 21 trimmed.
The largest buyer was GMT Capital, opening a new position worth an estimated $7.71M. The largest seller was SVB Financial Group, exiting entirely with an estimated $40.4M sold.
- 103 institutional investors held Root (ROOT) as of Q3 2024, up from 99 in Q2 2024.
- Funds reported $279M of Root stock for Q3 2024, down 26% quarter-over-quarter.
- 28 funds opened new Root positions in Q3 2024 and 24 closed out, a net change of +4 holders.
- The largest Root buyer in Q3 2024 was GMT Capital, an estimated $7.71M added.
- The largest Root seller in Q3 2024 was SVB Financial Group, an estimated $40.4M sold.
Based on aggregated 13F filings for Q3 2024.