System1
29 hedge funds and large institutions have $134M invested in System1 in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 10 closing their positions.
197% more call options, than puts
Call options by funds: $13.2M | Put options by funds: $4.43M
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.09% less ownership
Funds ownership: 3.2% → 3.11% (-0.09%)
17% less funds holding
Funds holding: 35 → 29 (-6)
27% less capital invested
Capital invested by funds: $182M → $134M (-$48.7M)
50% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$684K |
| 2 |
Cerity Partners
New York
|
+$609K |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$458K |
| 4 |
PRCP
Pacific Ridge Capital Partners
Lake Oswego,
Oregon
|
+$448K |
| 5 |
Simplex Trading
Chicago,
Illinois
|
+$317K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$2.13M |
| 2 |
CCM
CAAS Capital Management
New York
|
-$1.79M |
| 3 |
Jane Street
New York
|
-$1.3M |
| 4 |
Barclays
London,
United Kingdom
|
-$563K |
| 5 |
TC
TwinBeech Capital
Purchase,
New York
|
-$460K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $5K | – | – | – |
|
27
Wells Fargo
San Francisco,
California
| $671 | – | – | – |
|
|
WBC
28
West Branch Capital
Amherst,
Massachusetts
| $539 | – | – | – |
|
29
Citadel Advisors
Miami,
Florida
| $474 | +$514 | +10 | New |
|
|
DCM
30
Dupont Capital Management
Wilmington,
Delaware
| $5 | – | – | – |
|
|
31
Norges Bank
Oslo,
Norway
| – | -$2.13M | -33,853 | Closed |
|
|
32
Barclays
London,
United Kingdom
| – | -$563K | -8,943 | Closed |
|
|
TC
33
TwinBeech Capital
Purchase,
New York
| – | -$460K | -7,308 | Closed |
|
|
EGM
34
Engineers Gate Manager
New York
| – | -$90K | -1,434 | Closed |
|
|
HCM
35
Highbridge Capital Management
New York
| – | -$72K | -1,402 | Closed |
|
36
JP Morgan Chase
New York
| – | -$49K | -780 | Closed |
|
|
SPIA
37
Steward Partners Investment Advisory
New York
| – | -$20K | -319 | Closed |
|
|
IA
38
IFP Advisors
Tampa,
Florida
| – | -$20K | -200 | Closed |
|
39
Citigroup
New York
| – | -$1K | -15 | Closed |
|
|
SSG
40
Summit Securities Group
New York
| – | -$411 | -8 | Closed |
|
SST Hedge Fund Activity: Q4 2022 in Review
29 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q4 2022, worth a combined $134M — down 27% from $182M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SST and 5 opened new positions — a net loss of 5 holders — while 8 trimmed existing stakes and 10 added.
The largest buyer was Huber Capital Management, adding an estimated $684K. The largest seller was Norges Bank, exiting entirely with an estimated $2.13M sold.
- 29 institutional investors held System1 (SST) as of Q4 2022, down from 35 in Q3 2022.
- Funds reported $134M of System1 stock for Q4 2022, down 27% quarter-over-quarter.
- 5 funds opened new System1 positions in Q4 2022 and 10 closed out, a net change of -5 holders.
- The largest System1 buyer in Q4 2022 was Huber Capital Management, an estimated $684K added.
- The largest System1 seller in Q4 2022 was Norges Bank, an estimated $2.13M sold.
Based on aggregated 13F filings for Q4 2022.