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SoundHound AI
SOUN

243 hedge funds and large institutions have $408M invested in SoundHound AI in 2024 Q1 according to their latest regulatory filings, with 137 funds opening new positions, 61 increasing their positions, 34 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

303% more first-time investments, than exits

New positions opened: 137 | Existing positions closed: 34

213% more capital invested

Capital invested by funds: $131M → $408M (+$278M)

79% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 34

69% more funds holding

Funds holding: 144 → 243 (+99)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

7% less call options, than puts

Call options by funds: $70.5M | Put options by funds: $75.4M

4.87% less ownership

Funds ownership: 29.06% → 24.19% (-4.9%)

Holders
243
Holders Change
+99
Holders Change %
+68.75%
% of All Funds
3.5%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
137
Increased
61
Reduced
34
Closed
34
Calls
$70.5M
Puts
$75.4M
Net Calls
-$4.95M
Net Calls Change
-$7.38M

Top Buyers

Rank Fund Capital Flow
1
Invesco
Invesco
Georgia
+$10.5M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$8.82M
3
Bank of America
Bank of America
North Carolina
+$6.46M
4
BG
Baupost Group
Massachusetts
+$4.48M
5
BlackRock
BlackRock
New York
+$2.32M

Top Sellers

Rank Fund Capital Flow
1
IECM
Intrinsic Edge Capital Management
Illinois
-$10.3M
2
Truist Financial
Truist Financial
North Carolina
-$5.4M
3
RJA
Raymond James & Associates
Florida
-$2.49M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
-$1.66M
5
State Street
State Street
Massachusetts
-$1.22M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIA
226
Cape Investment Advisory
Georgia
$1.18K +$198 +50 +33%
NB
227
NBT Bank
New York
$1.18K +$792 +200 New
TCM
228
Tradewinds Capital Management
Washington
$1.03K +$693 +175 New
AA
229
AlphaMark Advisors
Kentucky
$1K +$396 +100 New
FMP
230
Financial Management Professionals
Texas
$1K +$515 +130 New
NS
231
NBC Securities
Alabama
$1K +$566 +143 New
BWL
232
Bogart Wealth LLC
Virginia
$589 +$396 +100 New
CIBC Private Wealth Group
233
CIBC Private Wealth Group
Georgia
$556 +$396 +100 New
SIS
234
Sound Income Strategies
Florida
$295 – – –
KA
235
Kozak & Associates
Colorado
$256 +$198 +50 New
AF
236
Advisornet Financial
Minnesota
$177 +$119 +30 New
AWM
237
Avior Wealth Management
Nebraska
$159 +$107 +27 New
PWMG
238
Private Wealth Management Group
New Jersey
$118 +$79 +20 New
RIL
239
Rothschild Investment LLC
Illinois
$118 +$79 +20 New
QCG
240
Quadrant Capital Group
Ohio
$112 +$75 +19 New
KFS
241
Kelly Financial Services
Massachusetts
$88 +$59 +15 New
IECM
242
Intrinsic Edge Capital Management
Illinois
– -$10.3M -4,848,211 Closed
QC
243
Quadrature Capital
United Kingdom
– -$807K -381,557 Closed
TI
244
Tidal Investments
Wisconsin
– -$701K -330,472 Closed
DM
245
Diker Management
New York
– -$530K -250,000 Closed
Qube Research & Technologies (QRT)
246
Qube Research & Technologies (QRT)
United Kingdom
– -$440K -207,564 Closed
EGM
247
Engineers Gate Manager
New York
– -$329K -155,331 Closed
Two Sigma Investments
248
Two Sigma Investments
New York
– -$303K -143,044 Closed
RA
249
Royce & Associates
New York
– -$233K -110,000 Closed
Millennium Management
250
Millennium Management
New York
– -$220K -103,553 Closed
8 9
10
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SOUN Hedge Fund Activity: Q1 2024 in Review

243 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in SoundHound AI (SOUN) for Q1 2024, worth a combined $408M — up 213% from $131M a quarter earlier.

Buyers outnumbered sellers: 137 funds opened new SOUN positions and 34 closed out — a net gain of 103 holders — while 61 added to existing stakes and 34 trimmed.

The largest buyer was Invesco, adding an estimated $10.5M. The largest seller was Intrinsic Edge Capital Management, exiting entirely with an estimated $10.3M sold.

  • 243 institutional investors held SoundHound AI (SOUN) as of Q1 2024, up from 144 in Q4 2023.
  • Funds reported $408M of SoundHound AI stock for Q1 2024, up 213% quarter-over-quarter.
  • 137 funds opened new SoundHound AI positions in Q1 2024 and 34 closed out, a net change of +103 holders.
  • The largest SoundHound AI buyer in Q1 2024 was Invesco, an estimated $10.5M added.
  • The largest SoundHound AI seller in Q1 2024 was Intrinsic Edge Capital Management, an estimated $10.3M sold.

Based on aggregated 13F filings for Q1 2024.