System1
97 hedge funds and large institutions have $443M invested in System1 in 2021 Q2 according to their latest regulatory filings, with 21 funds opening new positions, 26 increasing their positions, 21 reducing their positions, and 14 closing their positions.
1,085% more call options, than puts
Call options by funds: $1.41M | Put options by funds: $119K
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
24% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 21
8% more funds holding
Funds holding: 90 → 97 (+7)
3% more capital invested
Capital invested by funds: $429M → $443M (+$14.4M)
0.54% more ownership
Funds ownership: 8.32% → 8.86% (+0.54%)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$19.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$17.3M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$11M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$6.98M |
| 5 |
KC
Kepos Capital
New York
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Holocene Advisors
New York
|
-$17M |
| 2 |
LCM
LH Capital Markets
New York
|
-$15.9M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$7.3M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$6.13M |
| 5 |
JGC
J. Goldman & Co
New York
|
-$5.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
101
Point72 Asset Management
Stamford,
Connecticut
| – | -$4.38M | -44,000 | Closed |
|
102
LPL Financial
San Diego,
California
| – | -$1.11M | -11,110 | Closed |
|
|
WIC
103
Water Island Capital
New York
| – | -$777K | -7,803 | Closed |
|
|
OAC
104
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$630K | -6,324 | Closed |
|
105
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$315K | -3,156 | Closed |
|
|
FC
106
Full18 Capital
Westport,
Connecticut
| – | -$249K | -2,318 | Closed |
|
|
FFA
107
First Foundation Advisors
Irvine,
California
| – | -$209K | -2,100 | Closed |
|
|
CC
108
Centiva Capital
New York
| – | -$189K | -1,900 | Closed |
|
|
VCM
109
Vivaldi Capital Management
Chicago,
Illinois
| – | -$178K | -1,785 | Closed |
|
|
NRCM
110
Northern Right Capital Management
Darien,
Connecticut
| – | -$121K | -1,212 | Closed |
|
|
CSS
111
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$4K | -37 | Closed |
|
SST Hedge Fund Activity: Q2 2021 in Review
97 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q2 2021, worth a combined $443M — up 3.4% from $429M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new SST positions and 14 closed out — a net gain of 7 holders — while 26 added to existing stakes and 21 trimmed.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $19.9M. The largest seller was Holocene Advisors, exiting entirely with an estimated $17M sold.
- 97 institutional investors held System1 (SST) as of Q2 2021, up from 90 in Q1 2021.
- Funds reported $443M of System1 stock for Q2 2021, up 3.4% quarter-over-quarter.
- 21 funds opened new System1 positions in Q2 2021 and 14 closed out, a net change of +7 holders.
- The largest System1 buyer in Q2 2021 was Weiss Asset Management, an estimated $19.9M added.
- The largest System1 seller in Q2 2021 was Holocene Advisors, an estimated $17M sold.
Based on aggregated 13F filings for Q2 2021.