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SoundHound AI
SOUN

118 hedge funds and large institutions have $110M invested in SoundHound AI in 2023 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 45 increasing their positions, 21 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more repeat investments, than reductions

Existing positions increased: 45 | Existing positions reduced: 21

42% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 24

35% more call options, than puts

Call options by funds: $4.99M | Put options by funds: $3.7M

8% more funds holding

Funds holding: 109 → 118 (+9)

2.58% more ownership

Funds ownership: 24.42% → 27% (+2.6%)

44% less capital invested

Capital invested by funds: $197M → $110M (-$87.1M)

Holders
118
Holders Change
+9
Holders Change %
+8.26%
% of All Funds
1.87%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
34
Increased
45
Reduced
21
Closed
24
Calls
$4.99M
Puts
$3.7M
Net Calls
+$1.29M
Net Calls Change
-$10.8M

Top Buyers

1
IECM
Intrinsic Edge Capital Management
Illinois
+$8.35M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$5.25M
3
BlackRock
BlackRock
New York
+$4.38M
4
Truist Financial
Truist Financial
North Carolina
+$3.6M
5
State Street
State Street
Massachusetts
+$3.11M

Top Sellers

1
RAM
Readystate Asset Management
Illinois
-$5.69M
2
SC
Sculptor Capital
New York
-$842K
3
Millennium Management
Millennium Management
New York
-$481K
4
AR
Advisory Research
Illinois
-$413K
5
Morgan Stanley
Morgan Stanley
New York
-$401K
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
26
AllianceBernstein
Tennessee
$348K – – –
California State Teachers Retirement System (CalSTRS)
27
California State Teachers Retirement System (CalSTRS)
California
$345K -$4.07K -1,598 -0.9%
RhumbLine Advisers
28
RhumbLine Advisers
Massachusetts
$338K +$18K +7,069 +4%
LPL Financial
29
LPL Financial
California
$319K +$212K +83,196 +110%
HH
30
Hilltop Holdings
Texas
$304K +$272K +106,815 +239%
Legal & General Group
31
Legal & General Group
United Kingdom
$298K +$83.1K +32,659 +28%
CS
32
Credit Suisse
Switzerland
$293K -$19.6K -7,702 -5%
GCP
33
GSA Capital Partners
United Kingdom
$283K +$180K +70,753 +101%
JP Morgan Chase
34
JP Morgan Chase
New York
$281K +$77K +30,257 +28%
CAPTRUST Financial Advisors
35
CAPTRUST Financial Advisors
North Carolina
$270K +$342K +134,393 New
Osaic Holdings
36
Osaic Holdings
Arizona
$257K +$278K +109,145 +579%
Goldman Sachs
37
Goldman Sachs
New York
$248K -$217K -85,402 -41%
RA
38
Royce & Associates
New York
$221K -$382K -150,000 -58%
Verition Fund Management
39
Verition Fund Management
Connecticut
$210K +$266K +104,600 New
Simplex Trading
40
Simplex Trading
Illinois
$206K +$261K +102,496 New
KAS
41
Kestra Advisory Services
Texas
$191K +$242K +95,000 New
WS
42
Wedbush Securities
California
$182K +$164K +64,400 +248%
Invesco
43
Invesco
Georgia
$180K +$6.29K +2,472 +3%
Bank of America
44
Bank of America
North Carolina
$179K +$214K +84,081 +1,613%
UBS Group
45
UBS Group
Switzerland
$175K -$106K -41,476 -32%
MIM
46
MetLife Investment Management
New Jersey
$152K – – –
Commonwealth Equity Services
47
Commonwealth Equity Services
Massachusetts
$146K +$42.7K +16,801 +30%
Janus Henderson Group
48
Janus Henderson Group
United Kingdom
$146K +$455 +179 +0.2%
MWM
49
Meridian Wealth Management
Kentucky
$140K +$177K +69,535 New
AIG
50
American International Group
New York
$138K +$3.84K +1,509 +2%
1
2
3 4 5

SOUN Hedge Fund Activity: Q3 2023 in Review

118 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in SoundHound AI (SOUN) for Q3 2023, worth a combined $110M — down 44% from $197M a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new SOUN positions and 24 closed out — a net gain of 10 holders — while 45 added to existing stakes and 21 trimmed.

The largest buyer was Intrinsic Edge Capital Management, opening a new position worth an estimated $8.35M. The largest seller was Readystate Asset Management, exiting entirely with an estimated $5.69M sold.

  • 118 institutional investors held SoundHound AI (SOUN) as of Q3 2023, up from 109 in Q2 2023.
  • Funds reported $110M of SoundHound AI stock for Q3 2023, down 44% quarter-over-quarter.
  • 34 funds opened new SoundHound AI positions in Q3 2023 and 24 closed out, a net change of +10 holders.
  • The largest SoundHound AI buyer in Q3 2023 was Intrinsic Edge Capital Management, an estimated $8.35M added.
  • The largest SoundHound AI seller in Q3 2023 was Readystate Asset Management, an estimated $5.69M sold.

Based on aggregated 13F filings for Q3 2023.