System1
69 hedge funds and large institutions have $390M invested in System1 in 2020 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 13 increasing their positions, 12 reducing their positions, and 1 closing their positions.
2,400% more first-time investments, than exits
New positions opened: 25 | Existing positions closed: 1
53% more funds holding
Funds holding: 45 → 69 (+24)
35% more capital invested
Capital invested by funds: $290M → $390M (+$100M)
1.48% more ownership
Funds ownership: 5.5% → 6.99% (+1.5%)
8% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 12
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TEC
Tiger Eye Capital
Nashville,
Tennessee
|
+$14.4M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$11.8M |
| 3 |
Blackstone Inc
New York
|
+$10.2M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$10.2M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$8.15M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$10.2M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$9.44M |
| 3 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$3.38M |
| 4 |
SC
Sculptor Capital
New York
|
-$2.03M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$1.94M |
SST Hedge Fund Activity: Q4 2020 in Review
69 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in System1 (SST) for Q4 2020, worth a combined $390M — up 35% from $290M a quarter earlier.
Buyers outnumbered sellers: 25 funds opened new SST positions and 1 closed out — a net gain of 24 holders — while 13 added to existing stakes and 12 trimmed.
The largest buyer was Tiger Eye Capital, opening a new position worth an estimated $14.4M. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, cutting an estimated $10.2M.
- 69 institutional investors held System1 (SST) as of Q4 2020, up from 45 in Q3 2020.
- Funds reported $390M of System1 stock for Q4 2020, up 35% quarter-over-quarter.
- 25 funds opened new System1 positions in Q4 2020 and 1 closed out, a net change of +24 holders.
- The largest System1 buyer in Q4 2020 was Tiger Eye Capital, an estimated $14.4M added.
- The largest System1 seller in Q4 2020 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $10.2M sold.
Based on aggregated 13F filings for Q4 2020.