System1
85 hedge funds and large institutions have $458M invested in System1 in 2021 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 21 reducing their positions, and 16 closing their positions.
97% more call options, than puts
Call options by funds: $1.29M | Put options by funds: $655K
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
0.36% less ownership
Funds ownership: 9.33% → 8.97% (-0.36%)
3% less capital invested
Capital invested by funds: $472M → $458M (-$14.5M)
6% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 16
2% less funds holding
Funds holding: 87 → 85 (-2)
19% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$32.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$6.85M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$4.95M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.9M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$4.71M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$21.3M |
| 2 |
RCM
Ratan Capital Management
Miami Beach,
Florida
|
-$18.1M |
| 3 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
-$14.9M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$14M |
| 5 |
FIG
Fortress Investment Group
New York
|
-$7.43M |
SST Hedge Fund Activity: Q4 2021 in Review
85 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q4 2021, worth a combined $458M — down 3.1% from $472M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SST and 15 opened new positions — a net loss of 1 holder — while 21 trimmed existing stakes and 17 added.
The largest buyer was Beryl Capital Management, adding an estimated $32.1M. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $21.3M sold.
- 85 institutional investors held System1 (SST) as of Q4 2021, down from 87 in Q3 2021.
- Funds reported $458M of System1 stock for Q4 2021, down 3.1% quarter-over-quarter.
- 15 funds opened new System1 positions in Q4 2021 and 16 closed out, a net change of -1 holder.
- The largest System1 buyer in Q4 2021 was Beryl Capital Management, an estimated $32.1M added.
- The largest System1 seller in Q4 2021 was BlueCrest Capital Management, an estimated $21.3M sold.
Based on aggregated 13F filings for Q4 2021.