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.
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%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$10.5M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$8.82M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.46M |
| 4 |
BG
Baupost Group
Boston,
Massachusetts
|
+$4.48M |
| 5 |
BlackRock
New York
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$10.3M |
| 2 |
Truist Financial
Charlotte,
North Carolina
|
-$5.4M |
| 3 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$2.49M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
-$1.66M |
| 5 |
State Street
Boston,
Massachusetts
|
-$1.22M |
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.