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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
Truist Financial
76
Truist Financial
North Carolina
$300K -$5.4M -1,362,916 -96%
CCFM
77
Clear Creek Financial Management
Washington
$299K +$201K +50,832 New
HighTower Advisors
78
HighTower Advisors
Illinois
$276K +$136K +34,334 +279%
FAIM
79
Financial Advocates Investment Management
Washington
$272K +$183K +46,094 New
GC
80
Gratus Capital
Georgia
$271K +$3.96K +1,000 +2%
VOYA Investment Management
81
VOYA Investment Management
Georgia
$264K -$42.1K -10,634 -19%
PCIA
82
Prime Capital Investment Advisors
Kansas
$255K +$172K +43,350 New
PAG
83
Private Advisor Group
New Jersey
$251K +$125K +31,649 +289%
HH
84
Hilltop Holdings
Texas
$242K -$247K -62,340 -60%
Wolverine Trading
85
Wolverine Trading
Illinois
$232K -$42K -10,614 -21%
Royal Bank of Canada
86
Royal Bank of Canada
Ontario, Canada
$231K -$14.3K -3,599 -8%
AC
87
Avestar Capital
New York
$223K +$150K +37,800 New
Tudor Investment Corp
88
Tudor Investment Corp
Connecticut
$222K +$150K +37,772 New
NA
89
NewEdge Advisors
Louisiana
$218K -$14.7K -3,711 -9%
WAM
90
Wolverine Asset Management
Illinois
$214K +$144K +36,248 New
Zurich Cantonal Bank
91
Zurich Cantonal Bank
Switzerland
$213K -$38.4K -9,702 -21%
ZCI
92
Zevenbergen Capital Investments
Washington
$209K +$141K +35,500 New
GCM
93
Greenland Capital Management
New York
$206K +$139K +35,000 New
Bank of Montreal
94
Bank of Montreal
Ontario, Canada
$206K +$138K +34,799 New
CIA
95
Concurrent Investment Advisors
Florida
$199K +$134K +33,800 New
Victory Capital Management
96
Victory Capital Management
Texas
$197K +$24.4K +6,155 +23%
IAA
97
Independent Advisor Alliance
North Carolina
$193K +$78.3K +19,770 +152%
Ameriprise
98
Ameriprise
Minnesota
$191K +$129K +32,495 New
GAM
99
Gotham Asset Management
New York
$187K +$126K +31,783 New
TFS
100
Thoroughbred Financial Services
Tennessee
$183K +$124K +31,200 New
2 3
4
5 6

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.