System1
87 hedge funds and large institutions have $472M invested in System1 in 2021 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 18 increasing their positions, 22 reducing their positions, and 20 closing their positions.
94% more call options, than puts
Call options by funds: $1.25M | Put options by funds: $645K
6% more capital invested
Capital invested by funds: $443M → $472M (+$28.7M)
0.47% more ownership
Funds ownership: 8.86% → 9.33% (+0.47%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
10% less funds holding
Funds holding: 97 → 87 (-10)
18% less repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 22
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$21.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$17.3M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
+$9.9M |
| 4 |
LA
Linden Advisors
New York
|
+$9.9M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
+$7.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
-$9.9M |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$7.64M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.63M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$6.93M |
| 5 |
ACL
Azora Capital LP
Miami,
Florida
|
-$5.86M |
SST Hedge Fund Activity: Q3 2021 in Review
87 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q3 2021, worth a combined $472M — up 6.5% from $443M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of SST and 11 opened new positions — a net loss of 9 holders — while 22 trimmed existing stakes and 18 added.
The largest buyer was BlueCrest Capital Management, opening a new position worth an estimated $21.3M. The largest seller was Cowen and Company, exiting entirely with an estimated $9.9M sold.
- 87 institutional investors held System1 (SST) as of Q3 2021, down from 97 in Q2 2021.
- Funds reported $472M of System1 stock for Q3 2021, up 6.5% quarter-over-quarter.
- 11 funds opened new System1 positions in Q3 2021 and 20 closed out, a net change of -9 holders.
- The largest System1 buyer in Q3 2021 was BlueCrest Capital Management, an estimated $21.3M added.
- The largest System1 seller in Q3 2021 was Cowen and Company, an estimated $9.9M sold.
Based on aggregated 13F filings for Q3 2021.