System1
43 hedge funds and large institutions have $155M invested in System1 in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 3 reducing their positions, and 7 closing their positions.
433% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 3
143% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 7
104% more call options, than puts
Call options by funds: $5.55M | Put options by funds: $2.72M
30% more funds holding
Funds holding: 33 → 43 (+10)
12% more capital invested
Capital invested by funds: $138M → $155M (+$16.6M)
0.17% more ownership
Funds ownership: 3.51% → 3.68% (+0.17%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$5.04M |
| 2 |
State Street
Boston,
Massachusetts
|
+$1.11M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$960K |
| 4 |
BJL
Brighton Jones LLC
Seattle,
Washington
|
+$890K |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$588K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
-$1.31M |
| 2 |
BTI
Blue Trust Inc
Alpharetta,
Georgia
|
-$167K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$135K |
| 4 |
Citigroup
New York
|
-$131K |
| 5 |
Millennium Management
New York
|
-$83K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Point72 Asset Management
Stamford,
Connecticut
| – | -$6.67K | -155 | Closed |
|
SST Hedge Fund Activity: Q2 2023 in Review
43 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q2 2023, worth a combined $155M — up 12% from $138M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new SST positions and 7 closed out — a net gain of 10 holders — while 16 added to existing stakes and 3 trimmed.
The largest buyer was BlackRock, adding an estimated $5.04M. The largest seller was Huber Capital Management, exiting entirely with an estimated $1.31M sold.
- 43 institutional investors held System1 (SST) as of Q2 2023, up from 33 in Q1 2023.
- Funds reported $155M of System1 stock for Q2 2023, up 12% quarter-over-quarter.
- 17 funds opened new System1 positions in Q2 2023 and 7 closed out, a net change of +10 holders.
- The largest System1 buyer in Q2 2023 was BlackRock, an estimated $5.04M added.
- The largest System1 seller in Q2 2023 was Huber Capital Management, an estimated $1.31M sold.
Based on aggregated 13F filings for Q2 2023.