System1
33 hedge funds and large institutions have $138M invested in System1 in 2023 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 2 closing their positions.
200% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 2
83% more call options, than puts
Call options by funds: $4.67M | Put options by funds: $2.56M
14% more funds holding
Funds holding: 29 → 33 (+4)
3% more capital invested
Capital invested by funds: $134M → $138M (+$4.6M)
0.4% more ownership
Funds ownership: 3.11% → 3.51% (+0.4%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$9.21M |
| 2 |
CH
Cannae Holdings
Las Vegas,
Nevada
|
+$7.64M |
| 3 |
Citigroup
New York
|
+$186K |
| 4 |
BTI
Blue Trust Inc
Alpharetta,
Georgia
|
+$157K |
| 5 |
Squarepoint
New York
|
+$81K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$301K |
| 2 |
CCM
CAAS Capital Management
New York
|
-$286K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$273K |
| 4 |
Jane Street
New York
|
-$250K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$91.1K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $14K | -$30.1K | -678 | -68% |
|
27
UBS Group
Zurich,
Switzerland
| $13.1K | +$13.5K | +305 | New |
|
28
Morgan Stanley
New York
| $8.85K | -$8.43K | -190 | -48% |
|
29
Point72 Asset Management
Stamford,
Connecticut
| $6.67K | +$6.87K | +155 | New |
|
30
Osaic Holdings
Scottsdale,
Arizona
| $5.53K | – | – | – |
|
31
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| $5K | – | – | – |
|
32
Wells Fargo
San Francisco,
California
| $624 | +$44 | +1 | +7% |
|
|
WBC
33
West Branch Capital
Amherst,
Massachusetts
| $495 | – | – | – |
|
|
DCM
34
Dupont Capital Management
Wilmington,
Delaware
| $4 | – | – | – |
|
|
35
Simplex Trading
Chicago,
Illinois
| – | -$273K | -6,160 | Closed |
|
36
Citadel Advisors
Miami,
Florida
| – | -$444 | -10 | Closed |
|
SST Hedge Fund Activity: Q1 2023 in Review
33 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q1 2023, worth a combined $138M — up 3.4% from $134M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new SST positions and 2 closed out — a net gain of 4 holders — while 9 added to existing stakes and 10 trimmed.
The largest buyer was Bank of America, adding an estimated $9.21M. The largest seller was Millennium Management, cutting an estimated $301K.
- 33 institutional investors held System1 (SST) as of Q1 2023, up from 29 in Q4 2022.
- Funds reported $138M of System1 stock for Q1 2023, up 3.4% quarter-over-quarter.
- 6 funds opened new System1 positions in Q1 2023 and 2 closed out, a net change of +4 holders.
- The largest System1 buyer in Q1 2023 was Bank of America, an estimated $9.21M added.
- The largest System1 seller in Q1 2023 was Millennium Management, an estimated $301K sold.
Based on aggregated 13F filings for Q1 2023.